Keyword: useconomy

Brevity: Headers | « Text »
  • The Fed may be preparing for the unthinkable — negative interest rates in America

    09/04/2016 12:30:58 AM PDT · by SaveFerris · 194 replies
    Yahooooo ^ | 12 hours ago | John Mauldin, Yahoo Finance Contributor
    Negative interest rates are spreading like a virus. Central banks in the Eurozone, Switzerland, Sweden, and Japan all have below-zero policy rates. “NIRP,” as economists call a negative interest rate policy, is a desperation move—but the only move those central banks have. The Federal Reserve hasn’t followed—yet. When the next recession strikes, I believe Janet Yellen will choose to break the zero lower bound. The rationale was laid out in Jackson Hole. Look behind the headlines and you’ll see the Fed already preparing for NIRP. In theory, negative rates should encourage consumers and businesses to spend more freely and stimulate...
  • IMF's Lagarde: U.S. Economy 'Not Great'

    04/08/2016 11:27:03 AM PDT · by yoe · 9 replies
    Fox News ^ | April 8, 2016 | Maria Bartiromo
    The International Monetary Fund (IMF) is preparing for its spring meeting which gathers the leading economic voices across the globe to discuss the issues and policies impacting the world's financial markets. It's a critical time as we watch a continued struggle for the global economy. I spoke with managing director Christine Lagarde to get a sense of where things stand.
  • 21 New Numbers That Show That The Global Economy Is Absolutely Imploding

    02/21/2016 11:36:51 AM PST · by SeekAndFind · 18 replies
    TEC ^ | 02/21 | Michael Snyder
    After a series of stunning declines through the month of January and the first half of February, global financial markets seem to have found a patch of relative stability at least for the moment. But that does not mean that the crisis is over. On the contrary, all of the hard economic numbers that are coming in from around the world tell us that the global economy is coming apart at the seams. This is especially true when you look at global trade numbers. The amount of stuff that is being bought, sold and shipped around the planet is falling...
  • U.S. retail sales dipped in December; low gasoline prices a key factor

    01/15/2016 8:50:51 AM PST · by thackney · 19 replies
    Fuel Fix ^ | January 15, 2016 | Associated Press
    Americans tapered off from shopping toward the end of the holiday season, while lower gasoline prices cut into overall retail sales in December. The Commerce Department said Friday that retail sales dipped a seasonally adjusted 0.1 percent last month to $448.1 billion after having climbed a solid 0.4 percent in November. The report shows consumer tastes shifting toward restaurants and online shopping. The extra savings from falling gas costs have yet to boost spending much in other retail categories. Sales fell in December at clothing, electronics outlets and general merchandise stores. But those declines were largely offset by spending at...
  • U.S. ISM manufacturing PMI falls to lowest since 2009 in December

    01/04/2016 8:55:17 AM PST · by tcrlaf · 7 replies ^ | 1-4-2015 |
    Manufacturing activity in the U.S. contracted at the fastest pace since July 2009 in December, dampening optimism over the strength of the economy and adding to uncertainty as to how fast the Federal Reserve will raise interest rates next year, industry data showed on Monday. In a report, the Institute for Supply Management said its index of purchasing managers fell to 48.2 last month from a reading of 48.6 in November. Analysts had expected the manufacturing PMI to inch up to 49.0 in December. The New Orders Index registered 49.2, an increase of 0.3 points from the reading of 48.9...
  • Most Americans are one paycheck away from the street

    01/06/2016 5:59:18 PM PST · by free_life · 55 replies
    MarketWatch ^ | Jan 6, 2016 | Quentin Fottrell
    Some 63% of people can't deal with a $500 emergency. Americans are starting 2016 with more job security, but most are still theoretically only one paycheck away from the street. Approximately 63% of Americans have no emergency savings for things such as a $1,000 emergency room visit or a $500 car repair, according to a survey released Wednesday of 1,000 adults by personal finance website, up slightly from 62% last year. Faced with an emergency, they say they would raise the money by reducing spending elsewhere (23%), borrowing from family and/or friends (15%) or using credit cards to bridge...
  • Puerto Rico Is Greece, and These 5 States Are Next To Go

    01/03/2016 6:22:48 PM PST · by SeekAndFind · 31 replies
    Zero Hedge ^ | 01/03/2016 | Tyler Durden
    <p>As Wilbur Ross so eloquently noted, for Puerto Rico "it's the end of the beginning... and the beginning of the end," as he explained "Puerto Rico is the US version of Greece." However, as JPMorgan explains, for some states the pain is really just beginning as Municipal bond risk will only become more important over time, as assets of some severely underfunded plans are gradually depleted.</p>
  • The US economy's second quarter went from solid to stellar

    08/27/2015 4:20:59 PM PDT · by John W · 51 replies
    AP via Yahoo News ^ | August 27, 2015 | Martin Crutsinger
    WASHINGTON (AP) -- The U.S. economy staged a far bigger rebound last quarter than first thought, outpacing the rest of the developed world and bolstering confidence that it will remain sturdy in coming months despite global headwinds. The economy as measured by gross domestic product expanded at an annual rate of 3.7 percent in the April-June quarter, the Commerce Department reported Thursday. That's more than a percentage point greater than the initial 2.3 percent estimate and a sharp upgrade from the anemic 0.6 percent advance during the January-March quarter. President Barack Obama took note of the good GDP report, saying...
  • The Effect Of Illegal Immigration

    08/18/2015 10:58:03 AM PDT · by MarvinStinson · 31 replies
    Free Republic ^ | 8/18/2015 | Dick Bachert
    A prime technique for bringing down an existing social order is to OVERLOAD and OVERWHELM the governmental systems, creating economic and social chaos. What’s going on today is straight out of Saul Alinsky’s “Rules for Radicals” and the Cloward-Piven Strategy named for the Marxist maniac couple who tutored obazo on its finer points. Because we have NOT sent home 20 million illegals, WE NOW HAVE THE FISCAL BANKRUPTCY AND ARE CLOSING IN ON THE SOCIAL CHAOS. BOTH parties have been applying those methods but obozo, who studied those methods under Cloward-Piven Ayers while a so-called “community organizer,” is using ALL...
  • A Recovery Waiting to Be Liberated

    03/05/2015 1:22:29 AM PST · by iowamark · 10 replies
    Wall Street Journal ^ | March 3, 2015 | John B. Taylor
    Hope flickered last year when the economy grew at more than a 4% clip in the second and third quarters. But then came last week’s news that fourth-quarter growth slowed to 2.2%, a gloomy revelation that the rebound was temporary. Economic growth for 2014 clocked in at about 2.3%—the same disappointing pace since the recession officially ended in 2009. What is the problem? For years I and many others have argued that a return to the principles of economic freedom would convert this not-so-great recovery into a great one. But Washington has not seriously considered pro-growth policy—no tax reform to...
  • Hard-hit worker wonders where the economic resurgence is (AP?)

    01/22/2015 7:28:57 PM PST · by PROCON · 19 replies
    AP ^ | Jan. 22, 2015 | TAMARA LUSH
    ST. PETERSBURG, Fla. (AP) — Ask Joshua Thevenin — who since last month has been a newspaper salesman, fireworks vendor and tele-marketer — what he thinks about assertions the economy is roaring toward recovery and you'll get a sigh and a shake of his head. "I don't see it. If it is, I don't know where," he said. Lately, everyone from economists to President Barack Obama himself are bullish on the economy. Labor Department statistics this month showed that a healthy month of hiring in December capped the best year for U.S. job growth since 1999, with nearly 3 million...
  • Survey: Americans’ pessimism on economy has grown

    08/28/2014 1:21:39 AM PDT · by Olog-hai · 18 replies
    Associated Press ^ | Aug 28, 2014 12:02 AM EDT | Josh Boak
    Americans are more anxious about the economy now than they were right after the Great Recession ended despite stock market gains, falling unemployment and growth moving closer to full health. Seventy-one percent of Americans say they think the recession exerted a permanent drag on the economy, according to a survey being released Thursday by Rutgers University. By contrast, in November 2009, five months after the recession officially ended, the Rutgers researchers found that only 49 percent thought the downturn would have lasting damage. And that was when the unemployment rate was 9.9 percent, compared with the current 6.2 percent. …
  • Gold Prices Reveal Truth About U.S. Economy

    08/04/2014 7:59:04 AM PDT · by SovereignSociety · 49 replies
    The Sovereign Investor ^ | August 1st, 2014 | Jeff Opdyke
    Wall Street, the Fed and the oval office are determined to convince you that the U.S. economy is on the upswing. After all, the economy grew at a 4% annualized rate in the second quarter.  And jobs growth continues to exceed 200,000 new jobs monthly — assuming, of course, that you buy into the manipulations used to calculate the jobs picture and disregard the inconvenient truth that our economy is gaining more low-wage part-time jobs and losing more higher-wage full-time jobs. So, apparently, life outside my front door is hunky-dory, peachy-keen and all-around nifty — at least that’s what...
  • American Families Are Right To Be Worried About Inflation

    07/22/2014 1:41:20 PM PDT · by right-wing agnostic · 7 replies
    The Federalist ^ | July 22, 2014 | Sean Davis
    “Americans should stop whining about food prices.” That was the message AEI’s Mark J. Perry blasted last September to families gullible enough to believe that rising food prices were a problem: It’s a favorite pastime in this country – Americans love to complain about rising food prices. Even when they aren’t. In fact, given all of the complaining you would never know that average food price inflation in recent years is actually the lowest in several generations. Below are three reasons that Americans should stop whining about food prices, and be a little more appreciative of how affordable food is...
  • The Export-Import Bank faces extinction under new GOP leadership

    06/26/2014 4:06:40 PM PDT · by right-wing agnostic · 5 replies
    The Washington Post ^ | June 25, 2014 | Charles Lane
    Of all the purposes for which you might put U.S. taxpayer dollars at risk, helping wealthy petro-states borrow millions to buy Boeing jets would not rank among the most urgent. Yet that is what the Export-Import Bank does: In fiscal 2013, Ex-Im backed $8.3 billion in aircraft and related sales, including a $117.5 million loan guarantee to support Boeing 737 purchases by Dubai — a typical transaction for an agency that has, over the years, earned the sobriquet “Bank of Boeing,” though it does also support Caterpillar and General Electric, among others. Now Ex-Im suddenly faces extinction: Its charter expires...
  • Obama Says 2014 Will Be 'Breakthrough' for US Economy

    12/21/2013 2:50:09 PM PST · by lbryce · 62 replies
    BBC ^ | December 20, 2013 | Staff
    Economic growth in the US was revised upwards to its fastest pace since late 2011 on Friday. The Commerce Department said GDP grew at an annualised rate of 4.1% between July and September, up from an earlier 3.6% estimate. That gave shares a boost and the Dow and S&P 500 indexes closed at records.
  • Secret World of Espionage Exposed in US Exhibit

    10/30/2013 11:21:02 PM PDT · by TexGrill · 1 replies
    Ria Novosti ^ | 10/30/2013 | Ria Novosti
    WASHINGTON, October 30 (RIA Novosti) – If you’ve always wanted to see a KGB umbrella that fires poison pellets, or a hollow tooth used to hide tiny files full of top-secret data, now’s your chance. A new exhibit that sheds light on decades of government espionage opened Wednesday at the Ronald Reagan Presidential Library in Simi Valley, California, and it’s full of the stuff spy dreams are made of, like a coin loaded with a small but deadly needle, a bug-sized robotic dragonfly used to gather intelligence information, and scores of other cool gadgets most of us can scarcely imagine....
  • 5 simple facts about US ‘easy money’

    10/30/2013 3:12:47 AM PDT · by TexGrill · 2 replies
    RT ^ | 10/30/2013 | RT
    After the US managed to avert a default, world financial headlines shifted from “US government shutdown” and “debt ceiling” to another term – “quantitative easing”. RT explains what QE means and why everyday people should care about the Fed's decision. On October 30, the US Federal Reserve will make its first monetary policy decision since the government shutdown was averted and the final budget decision was postponed until December. After a 16-day partial government shutdown and a batch of tepid economic data, no one expects the Federal Reserve to reduce its stimulus when it meets on Wednesday. Many analysts now...
  • How China, Europe and India are sidestepping the volatile US dollar

    10/14/2013 6:35:50 PM PDT · by TexGrill
    Quartz ^ | 10/10/2013 | Tim Fernhotlz
    One day, the rupee and the renminbi could displace the US dollar as the world’s reserve currency—the most-used means of exchange between countries. And that day is coming closer as emerging markets move to insulate their economies from the dollar’s volatility. The dollar spent the summer riding high as investors pulled money from emerging markets on expectations that the Fed’s bond-buying program would begin slowing in September. When that didn’t happen, many emerging-market policymakers saw an opportunity to prepare for the eventual unwinding, which the IMF warns could cost trillions if handled poorly. Now, as investors come to grips with...
  • The sun is setting on dollar supremacy, and with it, American power

    10/14/2013 6:27:11 PM PDT · by TexGrill · 46 replies
    Daily Telegraph ^ | 10/14/2013 | Jeremy Warner
    All great empires – from the Greek, to the Roman, the Spanish and the British - have at their heart a dominant means of exchange which is very much part of their political and social hegemony. Once upon a time, it was Roman coinage which was the world's pre-eminent currency. In more recent times it was the British pound. Today, it's the US dollar to which international investors flock as a safe haven for their money. Highly liquid and apparently reliable – until recently at least – nothing else comes even remotely close to the greenback's dominant position in the...
  • Pentagon faked arrival ceremonies honoring fallen soldiers

    10/14/2013 2:51:16 AM PDT · by TexGrill · 5 replies
    RT ^ | 10/14/2013 | RT
    The Pentagon has been holding phony “arrival” ceremonies for fallen soldiers at a base in Hawaii for over seven years, according to recent statements made by the United States Department of Defense to NBC News. For nearly a decade, military personnel transported flag-draped coffins containing the bodies of troops killed in action from seemingly just-arrived cargo planes during ceremonies near hangar 35 at Joint Base Pearl Harbor-Hickam. In reality, however, the remains of those soldiers may have spent upwards of months in military custody before being paraded out during partially-fabricated ceremonial presentations carried out by the government’s Joint Prisoner of...
  • US colleges' identity crisis

    10/14/2013 12:52:53 AM PDT · by TexGrill · 8 replies
    New Straits Times ^ | 10/14/2013 | Frank Bruni
    IS a college degree's worth best measured by the income its recipient makes five or 10 years down the road? Is college primarily a catapult to wealth? These were questions implicitly raised by President Barack Obama's recent proposal that the Federal Government look at graduates' earnings when rating schools in an effort to steer students towards the best ones. Is time in the military, in a store or at home with children comparable to time in a classroom, and should it count in some way towards a degree? There are university administrators who think so and who are trying to...
  • Homeland Security set for next Wall St collapse

    10/13/2013 8:19:54 PM PDT · by TexGrill · 24 replies
    Asia Times ^ | 10/10/2013 | Ellen Brown
    Reports are that the Department of Homeland Security (DHS) is engaged in a massive, covert military buildup. An article in the Associated Press in February confirmed an open purchase order by DHS for 1.6 billion rounds of ammunition. According to an op-ed in Forbes, that’s enough to sustain an Iraq-sized war for over 20 years. DHS has also acquired heavily armored tanks, which have been seen roaming the streets. Evidently somebody in government is expecting some serious civil unrest. The question is, why? Recently revealed statements by former UK prime minister Gordon Brown at the height of the banking crisis...
  • You Must Have a College Degree For These Low-Paying Jobs

    09/24/2013 3:34:41 AM PDT · by TexGrill · 20 replies
    Construction Citizen ^ | 09/23/2013 | Scott Bradock
    The Construction Citizen team has written many times about the growing controversy over whether college is becoming obsolete and actually a liability for many in America. While pursuing a four-year degree is still a great option for a lot of people, there is growing consensus that it's certainly not the best option for everyone. That's evidenced by the fact that not only is there a college debt crisis, but you can now point to one career option after another that requires a college degree but doesn't pay anything close to what you'd need to make to pay off that debt...
  • US ranks 17 in measure of economic freedom

    09/19/2013 9:54:41 PM PDT · by TexGrill · 8 replies
    Daily Caller ^ | 09/17/2013 | Caroline May
    The United States has dropped 15 slots since 2000 in an annual ranking of economic freedom, from second place to 17th place. Wednesday, the Fraser Institute, a Canadian public policy think tank, released its annual Economic Freedom of the World Report revealing that while the United States is up a slot in the rankings from last year’s analysis, the country still has ground to make up to get back to the position it held in 2000. The report gauges how supportive countries’ policies and institutions are of economic freedom using 42 variables in five general areas: government size, property rights...
  • Million-Muslim March on 9/11 anniversary planned in DC

    08/16/2013 3:13:03 AM PDT · by TexGrill · 35 replies
    RT ^ | 08/16/2013 | RT
    On the anniversary of the September 11 terrorist attacks, the American Muslim Political Action Committee will host a gathering of one million people in Washington, DC, denouncing “FBI traps” and urging the government to reveal “the truth” about 9/11. With an event initially coined the “Million Muslim March” and later changed to the “Million American March Against Fear,” the committee hopes to generate awareness about civil rights violations that Muslims have endured after the September 11 attacks that occurred nearly 12 years ago. Protesters will condemn “FBI traps” and the “illegal tapping and surveilling of Muslim Americans,” as well as...
  • US misprinted 30 mln new $100 bills

    08/16/2013 2:48:36 AM PDT · by TexGrill · 20 replies
    RT ^ | 08/16/2013 | RT
    The US is approaching the release date of its new $100 bills, but the Bureau of Engraving and Printing is facing an embarrassing problem: 30 million bills were incorrectly printed, and fixing them will cost taxpayers an estimated $3.79 million. The new $100 bills were designed to reduce counterfeiting, and were initially scheduled to be released in 2010. But that summer, the Bureau of Engraving and Printing noticed that the bills were being produced with a blank sliver, due to a fold in the paper. The release date was therefore pushed back to 2011, and again pushed back to Oct....
  • US Nuclear Reactors Vulnerable to Terrorist Threat – Report

    08/16/2013 2:38:18 AM PDT · by TexGrill · 13 replies
    RIA Novosti ^ | 08/16/2013 | RIA Novosti
    WASHINGTON, August 15 (RIA Novosti) – Security measures at US commercial and research nuclear facilities do not provide adequate protection against potential terrorist threats, a report by researchers at the University of Texas says. The report, prepared under a contract for the Pentagon by the Nuclear Proliferation Prevention Project (NPPP) and released on Thursday, provides a comparative analysis of threat assessment at nuclear facilities in the United States used by the Nuclear Regulatory Commission (NRC), the Department of Energy (DOE), and the Department of Defense (DOD). Titled “Protecting U.S. Nuclear Facilities from Terrorist Attack: Re-assessing the Current ‘Design Basis Threat’...
  • Suit may scuttle American-US Airways merger

    08/15/2013 9:25:38 PM PDT · by TexGrill · 10 replies
    JoongAng Daily ^ | 08/16/2013 | AP
    The merger between American Airlines and US Airways was supposed to cap an era of consolidation that helped the airline industry return to profitability and produce a stronger competitor for giants United and Delta. Now a government lawsuit to block the merger has put both of those expectations in doubt. If American cannot grow by merging, it could decide to add flights to better compete with larger rivals. Doing so would likely reduce airfares - and profit margins - across the industry, an outcome many airline investors fear. Airline stocks sank for a second straight day Wednesday. American has faded...
  • Why New Troubles in France and Germany Will Affect 2Q U.S. Corporate Earnings

    07/18/2013 8:29:53 PM PDT · by abbyjoseph
    Profit Confidential ^ | Michael Lombardi
    The eurozone is still a mess. Instead of improvements, I just see more troubles. Economic slowdown in the region’s debt-infested nations is already staggering, but even those that were able to fight it are now experiencing huge problems. Around this time last year, the European Central Bank (ECB) was very clear about its plan for the eurozone crisis. It said that it’s “ready to do whatever it takes.” Back then it was the greatest relief to the market—the announcement calmed the rising debt rates in the eurozone and sent a wave of optimism toward the key stock indices. But it...
  • Dismal U.S. Consumer Spending to Drag Us Back into Recession?

    06/29/2013 10:29:46 AM PDT · by abbyjoseph · 24 replies
    Profit Confidential ^ | 28/06/2013 | Michael Lombardi
    While the mainstream economists were quick to believe that the U.S. economy is growing as the key stock indices suggest, I stood by my opinion that it isn’t. After the first estimates of gross domestic product (GDP) for the U.S. economy came out, a wave of optimism struck and stock markets rallied. It seemed as if everything was headed in the right direction. Sadly, they were wrong. In its third and final revision of GDP, the Bureau of Economic Analysis (BEA) reported that the U.S. economy grew at just 1.8% in the first quarter of 2013 from the fourth quarter...
  • Time to Stop Feeding the Tiger?

    06/05/2013 10:26:37 AM PDT · by kimtom · 14 replies ^ | 6/4/2013 | Patrick J. Buchanan
    (article photo) As America grew in the 1800s from a republic of a few millions, whose frontier stopped at the Mississippi, into a world power, there were constant collisions with the world’s greatest empire. In 1812, we declared war on Britain, tried to invade Canada and got our Capitol burned. In 1818, Andrew Jackson, on an expedition into Spanish Florida to put down renegade Indians harassing Georgia, hanged two British subjects he had captured, creating a firestorm in Britain. In 1838, we came close to war over Canada’s border with Maine; in 1846, over Canada’s border with the Oregon Territory....
  • What's the Economy's Big Problem? In a Word: Washington

    04/26/2013 6:29:54 PM PDT · by Comrade Brother Abu Bubba · 12 replies
    CNBC ^ | Fri. April 26, 2013 | John W. Schoen
    Washington's efforts to balance the budget are holding back the wobbly economic recovery. After "fiscal cliff" fears brought the economy to a near standstill late last year, many forecasters had expected growth to come roaring back in the first quarter as consumers made up delayed spending and businesses filled deferred job openings and restocked depleted inventories. But the Commerce Department's latest read on growth Friday showed U.S. gross domestic product expanding by 2.5 percent in the first three months of the year, less than the 3.1 percent pace forecasters had expected. Analysts say deficit-cutting moves, including a 2 percent payroll...
  • Comparing the Obama administration to terrorists...

    01/12/2013 6:25:38 AM PST · by thepoliticalcom · 2 replies
    The Political Commentator ^ | January 12, 2013 | Michael Haltman
    While at the same time comparing the Republicans to Opie! When I say that a comparison can be made between the Obama administration and Islamic extremists and terrorists let me be perfectly clear! In no way am I saying this relative to anything having to do with the Obama administration vis a vis the killing of innocent human beings! I do however say it in the context of the ability to listen to words, spoken or written, and then be faced with the prospect of having to successfully decipher the true meaning behind those words. Put another way, it's the...
  • U.S. bans BP from new government contracts after oil spill deal

    11/28/2012 8:08:02 AM PST · by JoyjoyfromNJ · 9 replies
    Reuters via Yahoo ^ | Nov 28, 2012 | J.Leff,K.Wukowski,A.Callus,A.Rascoe
    "The U.S. government temporarily banned BP Plc from federal contracts on Wednesday over its "lack of business integrity" in the Deepwater Horizon oil spill in 2010, a move that the British company had said could force it to rethink its entire U.S. operations. The U.S. Environmental Protection Agency said the suspension was "standard practice" following criminal actions. . . . The suspension means that BP will not be able to secure any new contracts with the U.S. government, including the lease of new exploration territory in the federal Gulf of Mexico, one of BP's biggest oil production regions globally. Some...
  • Ding Dong, Twinkie is dead thanks to Obamas, US economy and unions

    11/16/2012 2:14:46 PM PST · by Marketfly1 · 49 replies ^ | November 16, 2012 | Jeff Crouere
    The corporate closure will eliminate not only jobs, but 33 bakeries, 565 distribution centers, 5,500 delivery routes and 570 bakery outlet stores in the United States. While some workers bucked threats from union bosses and returned to work, it was not enough. "The problem is we don't have enough crossing those lines to maintain normal production,” said Rayburn. So, this ends a company that has been in business since 1930 providing delicious treats to generations of customers. While it is a sad day for most Americans, one person who will be celebrating is First Lady Michelle Obama, who is the...
  • Obama vs. Romney election: US Economy, employment, healthcare on the line

    11/05/2012 7:10:31 PM PST · by Marketfly1 · 1 replies ^ | November 5, 2012 | Lawrence Chehardy
    Barack Obama, who was influenced by the peace movement of the 1960’s, was the one candidate most unlike President George W. Bush. And so it was that Barack Obama became the 44th president of the United States. After four years of the Obama administration the American economy continues to falter, the world is more dangerous than it was four years ago despite the death of Osama bin Laden, and our national debt is threatening our entire economic existence. Today the federal government spends eleven dollars for every seven dollars it collects. Our national debt has soared past $16 trillion.
  • Bernanke's Act of Terrorism

    09/15/2012 4:56:05 AM PDT · by tselatysr · 7 replies
    Tea Party Tribune ^ | 2012-09-14 23:46:19 | mrcurmudgeon
    By Mr. Curmudgeon:While Islamic militants riot outside U.S. embassies overseas, and kill American counselor officials and their support personnel, another terrorist act just as deadly took place on American soil. Federal Reserve Chairman Ben Bernanke announced his independent, in your face, answer-to-no-one agency will flood the U.S. economy with $40-billion-a-month in counterfeit greenbacks to buy worthless mortgage-backed securities. He said the Fed would continue the policy "until such improvement is achieved in a context of price stability." That's Fed speak for "Forever."Commodity prices, like oil for instance, soared after Benny boy's announcement. So much for "price stability."As if to prove...
  • Federal Reserve Announces Open Ended QE III [ DNC released flick takes focus off US economy ]

    09/13/2012 1:28:48 PM PDT · by NoLibZone · 6 replies ^ | Sept 13 2012 | Ace of Spades
    nterest rates will stay in current range through 2015 and the Fed will be buying $40 Billion worth of mortgage backed bonds per month...until morale improves. This is what makesthe biggest difference: the Fed isn't announcing a limited amount of purchases. It's an open-ended program to buy bonds until the economy improves. From the statement: "If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability." Fed...
  • Consumer Blinks as "Consumer Comfort" Collapses Most In 4 Years

    05/17/2012 7:42:36 AM PDT · by Jim from C-Town · 9 replies
    Zero Hedge ^ | May, 17, 2012 | Tyler Durden
    We have seen three very loud and very clear messages this week on the state of the US consumer's mind. After a few months of extravagance, on the back of what can only be described as depression-fatigue, reality is biting once again. The Bloomberg Consumer Comfort index just missed expectations by its greatest amount in three years and has plunged over the last 5 weeks by the most in four years - dropping back to four-month lows. Do these two messages explain the catastrophe that is JCP's results this quarter? We suspect so as the outlook for the economy (sub-index)...
  • Spying and Stealing By Communist China

    03/29/2012 5:34:43 AM PDT · by geraldmcg · 3 replies ^ | 03/08/2012 |
    How long are we going to put up with the fiction that free trade with China is beneficial to the United States? China uses our myopia about free trade to cheat us coming and going, steal our patents and manufacturing secrets, and violate the rules of the World Trade Organization to which they agreed when they joined. Communist China's strategy is to spend and spy and steal to become the number one superpower in the 21st century. The Chinese are seeking every kind of technology: aerospace, biotech, information, and energy....
  • Obama says he wants lower gas prices

    03/06/2012 1:45:26 PM PST · by Cincinatus' Wife · 44 replies
    CBS News ^ | March 6, 2012 | Stephanie Condon
    CBS News) President Obama on Tuesday scoffed at the notion he wants higher gas prices, as some of his critics claim. Asked about the charge at his first formal White House press conference of the year, Mr. Obama replied to Fox News correspondent Ed Henry's question with a question of his own. "From a political perspective, do you think the president of the United States going into re-election wants gas prices to go up higher? Is there anybody here who thinks that makes a lot of sense?" Presidents of both parties have historically considered it harder to get votes if...
  • Durable goods orders drop by most in 3 years

    03/04/2012 9:13:48 PM PST · by U-238 · 16 replies
    Yahoo News ^ | 2/28/2012 | Martin Crutsinger
    U.S. businesses slashed spending on machinery and equipment in January after a tax break expired, pushing orders for long-lasting manufacturing goods down by the largest amount in three years. Orders for durable goods fell 4 percent last month, the Commerce Department said Tuesday. A big reason for the decline was demand for so-called core capital goods, which are viewed as a good measure of business investment plans, tumbled 4.5 percent. That's the biggest drop in a year. Economists attributed much of the decline in January to the end of the tax credit. They noted that demand for core capital goods...
  • Oil Gives Economy Both Barrels

    03/04/2012 8:57:27 PM PST · by U-238 · 30 replies
    Wall Street Journal ^ | 3/3/2012 | Liam Denning
    Most drivers are familiar with the nagging refrain of "Are we there yet?" But with gasoline heading back to $4 a gallon on average, it takes on more urgency: Oil can't go much higher without derailing the economy. Brent crude oil is back above $120 a barrel. Looked at on a 12-month rolling average, it is now 6% above its prior 2008 peak. U.S. gasoline demand is down almost 7% year-on-year. This year, Europe is forecast to consume 10% less oil than it did in 2008. Global demand is still forecast to rise, but only in emerging markets. Oil's high...
  • Bernanke warns of slow progress ahead on jobs

    03/01/2012 2:09:34 AM PST · by U-238 · 7 replies · 2+ views
    Reuters ^ | 3/1/2012 | Mark Felsenthal and Pedro da Costa
    Federal Reserve Chairman Ben Bernanke on Wednesday offered a tempered view of the U.S. economy, pouring cold water on the notion that recent upbeat signs herald a stronger recovery. Bernanke told Congress that unless growth accelerated, the unacceptably high U.S. unemployment rate would not keep dropping. But he stopped short of signaling further Fed bond purchases, dashing the hopes of some traders in financial markets who were betting on more monetary stimulus. "The job market is far from normal," Bernanke said. "Continued improvement ... is likely to require stronger growth in final demand and production." The swift decline in the...
  • U.S. economy unlikely to fully recover, says Bank of Canada governor Mark Carney

    01/23/2012 7:46:46 AM PST · by EnjoyingLife · 21 replies
    Postmedia News ^ | January 22, 2012 | Robert Hiltz
    Canada needs to look beyond its southern neighbour for markets because the United States economy is unlikely to ever fully recover, Bank of Canada governor Mark Carney said Sunday [January 22, 2012]. In an interview with CTV's Question Period, Carney said that it is vital for Canada to look for new trading partners in the Asia-Pacific region and elsewhere to prevent the economy from being dragged down by the U.S. "It's going to take a number of years before they get back to the U.S. that we used to know -- in fact, they are not, in our opinion, ultimately...
  • America must manage its decline. (Barf Alert)

    10/17/2011 8:18:49 PM PDT · by Lazlo in PA · 16 replies
    Financial Times ^ | 10-17-11 | Gideon Rachman
    High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email to buy additional rights. Recently I met a retired British diplomat who claimed with some pride that he was the man who had invented the phrase, “the management of decline”, to describe the central task of British foreign policy after 1945. “I got criticised,” he said, “but I think it was an accurate description of our task and I think we did it pretty well.”...
  • Unemployment rates rose in most states in August

    09/16/2011 11:31:21 AM PDT · by Baladas · 7 replies
    Associated Press ^ | Sept. 16, 201i | staff
    Unemployment rates rose in a majority of states in August for a third straight month, further evidence that the depressed job market is widespread. The Labor Department said Friday that unemployment rates increased in 26 states. They fell in 12 and remained unchanged in 12. Nationwide, the economy added no new net jobs in August, and the unemployment rate stayed at 9.1 percent for the second straight month. Many employers pulled back on hiring after the economy barely grew in the first half of the year. The economy added an average of just 39,500 jobs per month from May through...
  • Obama: Times are tough "but we're tougher" (LOL)

    09/05/2011 11:56:18 AM PDT · by Baladas · 66 replies
    CBS News ^ | .September 5, 2011 | David Morgan .
    (CBS News) DETROIT - President Barack Obama called for an end to "Washington games" and for Congressional Republicans to support initiatives to promote job creation benefiting the middle class. Speaking to a Labor Day rally in Detroit, a city he said had been "to heck and back," Mr. Obama challenged Congressional Republicans to put the country ahead of party. In a preview of his speech Thursday to a joint session of Congress, Mr. Obama proposed boosting construction and infrastructure projects - and included some finger-wagging at critics. "We have more than one million unemployed construction workers ready to get dirty...
  • Why Goldman Sachs Just Downgraded The US Economy (Investment Firm Pessimistic about the future)

    07/17/2011 10:00:59 AM PDT · by SeekAndFind · 28 replies
    Business Insider ^ | 07/16/2011 | Joe Weisenthal
    On Friday, Goldman's Jan Hatzius downgraded the US economy. Following another week of weak economic data, we have cut our estimates for real GDP growth in the second and third quarter of 2011 to 1.5% and 2.5%, respectively, from 2% and 3.25%. Our forecasts for Q4 and 2012 are under review, but even excluding any further changes we now expect the unemployment rate to come down only modestly to 8¾% at the end of 2012. What, specifically, prompted the worry? Two specific datapoints this week. The latest Empire Manufacturing Index went into shrinkage for the second straight month. More worrisome...