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Keyword: useconomy

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  • 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
    Investing.com ^ | 1-4-2015 | Investing.com
    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 Bankrate.com, 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...