Keyword: recovery

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  • Housing Recovery? Try Long Convalescence

    09/18/2012 3:08:15 PM PDT · by blam · 4 replies
    Advisor Perspectives ^ | 9-18=2-12 | Russ Koesterich
    Housing Recovery? Try Long Convalescence iShares Blog By Russ Koesterich September 18, 2012 The US Federal Reserve’s decision to expand quantitative easing is dramatic, but we don’t think it will have a significant impact on the US housing market. While the extra liquidity is supportive of risky assets in the very near-term, lower mortgage rates are not a game-changer for a consumer still struggling with little income growth and too much debt. Certainly, the prospect of buying another $40 billion a month of mortgage-backed securities will help keep home-loan rates low for a long time, but they were already low....
  • Franchisors warn Obamacare will halve profits

    09/13/2012 2:33:05 PM PDT · by Perdogg · 16 replies
    The International Franchise Association held a convention in Washington this week where most of the Radio Shack, Dunkin Donuts, Curves and other franchisers were grumbling about new federal regulations, especially the impact of Obamacare. Most, said Atlanta Taco Bell and Kentucky Fried Chicken franchiser David Barr, presumed that the reports about how hard Obamacare will hit them were overblown. "They had their head in the sand," he told Secrets
  • Tropical Storm Isaac boosts jobless claims

    09/13/2012 6:31:13 AM PDT · by John W · 35 replies
    Reuters ^ | September 13, 2012 | Reuters
    (Reuters) - The number of Americans filing new claims for jobless benefits rose more than expected last week, with several states reporting an increase related to Tropical Storm Isaac. Initial claims for state unemployment benefits rose 15,000 to a seasonally adjusted 382,000, the highest in two months, the Labor Department said on Thursday. The prior week's figure was revised up to show 2,000 more applications than previously reported. Economists polled by Reuters had forecast claims rising to 370,000 last week. A Labor Department official said Tropical Storm Isaac, which drenched parts of the country, accounted for about 9,000 of the...
  • Fiddling At The Fire (Roubini: Global Economy Could Soon Crash Into A Brick Wall)

    09/13/2012 11:07:03 AM PDT · by blam · 1 replies
    Project Syndicate ^ | 9-13-2012 | Nouriel Roubini
    Fiddling At The FireSeptember 13, 2012Nouriel Roubini Paris– Financial markets have rallied since July on the hope that the global economic and geopolitical outlook will not worsen, or, if it does, that central banks stand ready to backstop economies and markets with additional rounds of liquidity provision and quantitative easing. So, not only has good – or better-than-expected – economic news boosted the markets, but even bad news has been good news, because it increases the probability that central-banking firefighters like US Federal Reserve Chairman Ben Bernanke and European Central Bank President Mario Draghi will douse the markets with buckets...
  • Heritage recovered with father's stolen guns (OR)

    09/13/2012 10:58:43 AM PDT · by marktwain · 5 replies
    kgw.com ^ | 12 September, 2012 | Staff
    PORTLAND – A Portland man was afraid he’d lost an irreplaceable family heirloom, until he found out Wednesday police had tracked down his father's stolen gun collection. Police told Vietnam veteran Randal Snider that they were able to arrest the suspect and recover the guns, thanks to a tip they received. ----------------------cut------------------------- The two men knew each other because McGrew's father had done some handyman work for Snider.
  • Tom Keene To Achuthan: 'Come Back When There's A Recession'

    09/13/2012 6:40:10 AM PDT · by blam · 4 replies
    TBI ^ | 9-13-2012 | Sam Ro
    Tom Keene To Achuthan: 'Come Back When There's A Recession' Sam RoSep. 13, 2012, 6:22 AMLakshman Achuthan of The Economic Cycle Research Institute (ECRI) made waves a year ago when he said the U.S. economy would slip back into recession. Even as major economic metrics have been trending favorably, Achuthan has been sticking to his call. Achuthan is currently speaking with Bloomberg's Tom Keene. He reminded Keene that earlier this year he had said "we probably wouldn't know if we'd enter a recession until the end of the year." Having said that, Achuthan reiterated his call. "We do believe we...
  • Consumer credit falls unexpectedly in July

    09/10/2012 5:09:56 PM PDT · by newzjunkey · 25 replies
    Reuters ^ | Mon Sep 10, 2012 6:37pm EDT | Reporting by Jason Lange; Editing by Andrea Ricci and Leslie Gevirtz
    Consumer credit fell in July for the first time in nearly a year as Americans reduced credit card debt, a worrisome sign for an economy that has struggled to create jobs. Consumer credit shrank by $3.28 billion in July, the Federal Reserve said on Monday. That was well below the $9.1 billion advance Wall Street economists had forecast in a Reuters poll. ... "(The data) looks consistent with the lackluster gains in consumer spending reported elsewhere," JPMorgan economist David Silver said in a note to clients. ... Consumer credit flows -- a relatively new data series that the Fed says...
  • Bailouts And The Wonderland U.S. Economy

    09/10/2012 11:45:52 AM PDT · by blam · 1 replies
    TMO ^ | 9-10-2012 | William Anderson
    Bailouts And The Wonderland U.S. Economy Politics / Credit Crisis BailoutsSep 10, 2012 - 11:40 AM By: William Anderson I guess it is good that the Democratic National Convention is over if for no other reason than Paul Krugman can get some sleep, given his heart was pounding with joy and admiration over the brilliance of the speakers. No doubt, all this fall he will coordinate his columns and blog posts with talking points from the Obama campaign and the DNC, and I am sure that some real howlers are in store for us lucky readers. His latest column of...
  • Why The Fed Will Not Launch QE3

    09/09/2012 2:42:29 PM PDT · by blam · 13 replies
    TMO ^ | 9-9-2012 | Tony Pallotta
    Why The Fed Will Not Launch QE3 Interest-Rates / Quantitative EasingSep 09, 2012 - 10:46 AM By: Tony Pallotta Whether the Fed decides to launch QE3 this week is far more a complex decision than they lead us to believe. It is not as simple as monitoring economic data and deciding whether to expand the balance sheet or not. Yet the Fed rarely discusses what that other criteria is in making such an important decision. The recent Jackson Hole speech by Chairman Bernanke did offer some insight to the other factors, as well as his recent Congressional testimony. And there...
  • U.S. Housing Market Is The Most Awesome Opportunity In American History

    09/09/2012 2:17:46 PM PDT · by blam · 48 replies
    TMO ^ | 9-9-2012 | Daily Wealth
    U.S. Housing Market Is The Most Awesome Opportunity In American History Housing-Market / US HousingSep 09, 2012 - 11:14 AM By: DailyWealth Dr. Steve Sjuggerud writes: The situation we're facing today can be boiled down to a few very simple points... And the result is an awesome investment opportunity. It is possibly the greatest investing opportunity in American history... I'm talking about the housing market. Real estate investor Jason Hartman interviewed me this week on his radio show (available soon at www.JasonHartman.com). And I made my case. My points were simple: 1. Housing prices have fallen more than they ever...
  • Why Men Will Never Fully Recover From The Great Recession

    09/09/2012 6:17:29 AM PDT · by blam · 93 replies
    TBI ^ | 9-9-2012 | Ashley Lutz
    Why Men Will Never Fully Recover From The Great Recession Ashley LutzSep. 8, 2012, 9:46 PM The recession affected men's careers the most, and the workplace will never be the same. But men will never fully recover because the bad economy simply expedited something that had been happening for years, according to Hanna Rosin's new book The End of Men: And the Rise of Women. Rosin explains in her book: In the Great Recession, three-quarters of the 7.5 million jobs were lost by men. The worst-hit industries were overwhelmingly male and deeply identified with macho: contruction, manufacturing, high finance. Some...
  • Why unemployment rate fell: Fewer people seek jobs

    09/07/2012 11:09:32 AM PDT · by detective · 9 replies
    Yahoo News ^ | September 9, 2012 | CHRISTOPHER S RUGABER
    WASHINGTON (AP) — U.S. employers added 96,000 jobs in August, a tepid figure that points to the economy's persistent weakness and slowing prospects for the unemployed. The unemployment rate fell to 8.1 percent from 8.3 percent in July. But that was only because more people gave up looking for jobs. People out of work are counted as unemployed only if they're looking for a job. The sluggish job growth could slow the momentum President Barack Obama hoped to gain from his speech Thursday night to the Democratic National Convention.
  • Employment Situation Summary: 8.1%

    09/07/2012 5:33:38 AM PDT · by xzins · 113 replies
    Bureau of Labor Statistics ^ | 7 Sep 12 | Bureau of Labor Statistics
    THE EMPLOYMENT SITUATION -- AUGUST 2012 Total nonfarm payroll employment rose by 96,000 in August, and the unemployment rate edged down to 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, in professional and technical services, and in health care. Household Survey Data The unemployment rate edged down in August to 8.1 percent. Since the beginning of this year, the rate has held in a narrow range of 8.1 to 8.3 percent. The number of unemployed persons, at 12.5 million, was little changed in August. (See table A-1.) Among the major...
  • Jobs: Reagan versus Obama: A Straightforward Comparison

    08/25/2012 7:19:46 AM PDT · by SeekAndFind · 6 replies
    American Thinker ^ | 08/25/2012 | Otto Sorenson
    Stephanie Cutter, President Obama's deputy campaign manager, recently boasted to Willie Geist of MSNBC that, from an employment perspective, the recovery of the economy under President Obama compares favorably with the Reagan recovery. Her claim seemed adequately outlandish to warrant comparing the two recoveries based on two criteria of central importance to the American people: "the net number of new jobs created and the change in the number of people of working age who are either unemployed or not in the workforce (and therefore not counted as unemployed)." In each case I used unadjusted data from the Bureau of Labor...
  • Economy Adds Only 96,000 Workers, Disability Greater Than Decline in Unemployment Since June 2010

    09/07/2012 9:51:32 AM PDT · by whitedog57 · 4 replies
    Confounded Interest ^ | 09/07/2012 | Anthony B. Sanders
    The economy added 96,000 workers last month following a revised 141,000 rise in July that was smaller than initially estimated according to the Labor Department. The median estimate of economists was for a gain of 130,000. Unemployment unexpectedly fell to 8.1 percent. U6 unemployment fell to 14.70%. Are we better off than we were at the beginning of recovery summer 2010? Yes and no. The number of people that are unemployed has fallen by 2 million, but we have added over 2 million people to disability. A closer look at the numbers reveals that the civilian labor force FELL in...
  • Are You Better Off? 40 Statistics That Will Absolutely Shock You

    09/07/2012 6:57:27 AM PDT · by blam · 15 replies
    TEC ^ | 9-7-2012 | Michael Snyder
    Are You Better Off? 40 Statistics That Will Absolutely Shock YouMichael SnyderSeptember 7, 2012 Are you better off today than you were four years ago? This is a question that comes up nearly every election. This year the Romney campaign has even created a Twitter hashtag for it: #AreYouBetterOff. The Democrats are making lots of speeches claiming that we are better off, and the Republicans are making lots of speeches claiming that we are not. So are most Americans actually better off than they were four years ago? Of course not. One recent poll found that only 20 percent of...
  • GOLDMAN: Bad Jobs Report Puts Odds Of QE Next Week Above 50%

    09/07/2012 6:05:37 AM PDT · by blam · 61 replies
    TBI ^ | 9-7-2012 | Joe Weisenthal
    GOLDMAN: Bad Jobs Report Puts Odds Of QE Next Week Above 50% Joe WeisenthalAugust 7, 2012 BOTTOM LINE: With today’s August employment report showing a nonfarm payroll gain of 96,000 and an unemployment rate of 8.1% because of a drop in the participation rate, we expect a return to unsterilized and probably open-ended asset purchases at the September 12-13 FOMC meeting. MAIN POINTS: 1. We now anticipate that the FOMC will announce a return to unsterilized asset purchases (QE3), mainly agency mortgage-backed securities but potentially including Treasury securities, at its September 12-13 FOMC meeting. We previously forecasted QE3 in December...
  • Recovery will require Depression-repairing level of effort, Obama tells national convention

    09/06/2012 6:00:12 PM PDT · by SeekAndFind · 54 replies
    Washington Post ^ | 09/06/2012
    CHARLOTTE, N.C. — His re-election in doubt, President Barack Obama conceded only halting progress Thursday night toward solving the nation’s economic woes, but vowed in a Democratic National Convention finale, “Our problems can be solved, our challenges can be met.” “The path we offer may be harder, but it leads to a better place,” Obama said in advance excerpts of a prime-time speech to delegates and the nation. The president’s speech was the final act of a pair of highly scripted national political conventions in as many weeks, and the opening salvo of a two-month drive toward Election Day that...
  • US hiring outlook improves as jobless claims drop (365k)

    09/06/2012 7:51:45 AM PDT · by Red Badger · 19 replies
    www.seattlepi.com ^ | 09-06-2012 | CHRISTOPHER S. RUGABER, AP
    <p>WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week, and a private survey showed businesses stepped up hiring in August. The data sketched a brighter outlook for the job market one day before the government reports on August employment.</p>
  • Rural jobless rate rises to 8.4%

    09/06/2012 10:13:58 AM PDT · by GOPinCa · 3 replies
    Breitbart ^ | September 6, 2012
    The jobless rate for rural counties rose to 8.4 percent in July 2012--lower than the 9.1 percent rate recorded a year ago, but continuing a trend that began in April of this year. Agricultural regions have suffered an unusually dry summer, in addition to economic problems shared in common with urban and suburban regions. The news comes ahead of tomorrow's release of August employment data by the Bureau of Labor Statistics. Analysts are already predicting a slight rise in the unemployment rate, from 8.3 to 8.4 percent--though media outlets are already describing that rise as "steady" rather than an increase.