Keyword: economicgrowth

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  • Global Economy Throwing Up Red Flags For Oil

    10/17/2018 2:09:24 PM PDT · by bananaman22 · 98 replies ^ | 10-17-2018 | Nick
    Investors are feeling the most pessimistic about the health of the global economy in a decade, according to a survey from Bank of America Merrill Lynch. The gloom is spreading, with a growing number of data points that point to risks for the economy. Fund managers surveyed by BofAML said they are holding onto cash instead of risking it in a frothy market, and 85 percent of them said that the economic expansion is in its late cycle. 38 percent of them said that they expect growth to slow over the next year, the highest share since November 2008, which...
  • Elliott Group officially announces intention to expand manufacturing in Jeannette

    10/03/2018 7:52:29 AM PDT · by Vigilanteman
    Updated 1 hour ago It’s official: Elliott Group has announced its intention to locate a test facility at the former Jeannette Glass site after months of silence. Construction on a proposed cryogenic pump test stand could begin next year and become operational by 2020, said Carol Gatewood, Elliott Group vice president, legal affairs and general counsel in a news release. The new facility and added manufacturing operations at Elliott’s current U.S. headquarters facility Jeannette will add between 110 and 140 jobs to the company’s workforce in the city. “Elliott’s decision to expand our business in Jeannette is based upon our...
  • A Trillion-Dollar Blunder

    10/02/2018 8:57:46 AM PDT · by Kaslin · 46 replies ^ | October 2, 2018 | Stephen Moore
    I have spent some three decades railing against faulty budgetary scoring of tax bills, but the latest charade from the Congressional Budget Office and Joint Tax Committee takes the cake. The story of fiscal phony math is so indefensible when it comes to the Trump tax cut that you may not believe it could be true. Alas, it is. The story starts with the CBO forecast in 2017 that over the next decade the national debt will double to 150 percent of GDP in about 20 years. Those are debt numbers that don't have a happy ending – just ask...
  • America Is Headed For Fiscal Catastrophe – And No One Seems To Care

    07/23/2018 10:42:32 AM PDT · by Kaslin · 74 replies ^ | July 23, 2018 | Justin Haskins
    The global debt level is reaching shocking new heights. The Institute of International Finance recently estimated the current total world debt is roughly $247 trillion—a truly unprecedented figure.But as frightening as the global debt has become because of the dangers it poses to the world’s economic stability, Americans should be far more terrified of what this problem might mean for them, especially if the globe endures another major financial collapse before the United States can get its fiscal house back in order. Put simply, America is on the verge of experiencing an absolutely catastrophic period of economic change, and it’s...
  • PA, OH Voters On Trump's First Year: He's Doing “Better Than I Ever Would Have Dreamed”

    01/22/2018 7:20:47 PM PST · by Kaslin · 6 replies ^ | January 22, 2018 | Matt Vespa
    Well, for liberals, year one was the darkest era in human history. It was the return of Lord Voldemort, the resurgence of Sauron from the land of Mordor, or the Galactic Empire reigning hellfire from the Death Star, whatever terrible cultural villain suits the narrative that was it. Frankly, it was probably the former because liberals seem to really gravitate towards the Harry Potter universe, but I digress. CNN and MSNBC ventured into Ohio and Pennsylvania respectively to speak with Trump voters. CNN’s Martin Savidge spoke with five Trump supporters from Youngstown, Ohio in Mahoning County. It was a...
  • CNBC: Economic Optimism Is Through The Roof, And Trump Is Starting To Get Credit For It (About Time)

    12/30/2017 6:58:53 AM PST · by Kaslin · 7 replies ^ | December 30, 2017 | Matt Vespa
    CNBC conducted a survey before Christmas. Economic optimism is soaring. The network noted that for the first time in over a decade, more than half of the respondents said the economy was good or excellent. The results of this survey were released on December 18, four days before President Trump signed the most extensive tax reform into law in nearly 30 years. The good economic news has not been able to buoy Trump’s approval numbers, but this survey suggest that the president could be yielding some dividends on that front as well (via CNBC): The CNBC All-American Economic Survey...
  • Nolte: 7 Amazing Facts About Trump’s Economy Media Don’t Want You to Know

    12/19/2017 9:46:46 AM PST · by davikkm · 17 replies
    breitbart ^ | JOHN NOLTE
    Now that we are a full year into President Trump’s increasingly consequential first term, it is long past time to give him complete ownership of the American economy. If it seems odd to do so after only a year, that is due to former President Barack Obama, who never stopped blaming his predecessor for a recovery that never arrived because Obama could not stop sabotaging it with his anti-growth policies and anti-free market rhetoric. Even lying conspiracy theorists in the media and Democrat Party backed by a special prosecutor, even the gale force wind of hate and lies, have not...
  • The Chase for Amazon Will End in Tears

    10/08/2017 7:24:17 AM PDT · by Kaslin · 48 replies ^ | October 8, 2017 | Steve Chapman
    The mayors doing their utmost to get Amazon's second headquarters for their cities are having a grand time informing Jeff Bezos of everything they have to offer. They should enjoy this part of the chase because what comes next won't be much fun. They are about to get some insight into how the search for talent goes in Major League Baseball. St. Louis Cardinals general manager Michael Girsch noted the crucial moment in pursuing a coveted free agent player. "We sometimes call it your 'puke point,'" he told the St. Louis Post-Dispatch. "Sometimes you make an offer and you're not...
  • “Inflation is Coming, Inflation is Coming!”

    09/23/2017 6:24:24 AM PDT · by Kaslin · 69 replies ^ | September 22, 2017 | Dan Celia
    All around the Federal Reserve building, someone for years has been riding his horse—a la Paul Revere—crying out in excitement over the notion that 2 percent inflation is finally coming. This week, Janet Yellen has finally gotten to where many other Central Bankers around the world already are—it’s not happening. We’re not even close. Especially since we haven’t seen any real, sustainable increases in the Producer Price Index (PPI) or the Consumer Price Index (CPI). Indeed, the European Central Bank leaders (along with the Fed) have been throwing everything they possibly can at inflation, and it doesn’t seem to move....
  • Cartoonist Gary Varvel: Trump's accomplishments

    08/02/2017 2:42:07 PM PDT · by EveningStar · 9 replies
    The Indianapolis Star | August 1, 2017 | Gary Varvel
    Links only, per agreement with Gannett Trump's accomplishments Gary Varvel's Wall Street cartoons
  • The Trump Budget

    08/02/2017 6:33:54 AM PDT · by Kaslin · 6 replies ^ | August 2, 2017 | John Stossel
    Remember President Trump's "terrible" budget cuts? "Promises Little but Pain," warned The New York Times. "Harsh and shortsighted," cried The Washington Post. Then Congress passed a budget. President Trump signed it. Do you notice the "pain"? I follow the news closely, but until I researched this column, I didn't know that Congress actually raised spending on the very agencies Trump wanted to cut. Trump called for a $4.7 billion dollar cut to the Agriculture Department. Congress increased the department's appropriation by $12.8 billion. He called for a $15 billion cut to Health and Human Services. Congress instead gave them...
  • Fast Growth, and Lots of It, Is Right Around the Corner

    06/20/2017 8:12:49 AM PDT · by Kaslin · 11 replies ^ | June 20, 2017 | Stephen Moore
    Every day, legions of economists dismiss Donald Trump's economic agenda and forecast of 3 percent growth as a wild-eyed fantasy. The consensus is that the economy "can't possibly grow at 3 percent," according to The Wall Street Journal. "Slow growth is the new norm, so get used to it," wrote Rucir Sharma, chief global strategist at Morgan Stanley, in Foreign Affairs magazine this month. Question: Why does anyone bother to listen to economists anymore? The profession has become an embarrassment, and the most respected economists have shown themselves to have as much predictive power as a deck of tarot...
  • Deutsche Bank Predicts Massive US Economic Growth Under Trump

    01/09/2017 10:54:15 PM PST · by Olog-hai · 7 replies
    Newsmax ^ | Monday, 09 Jan 2017 09:09 PM | Jason Devaney
    The growth rate of America’s gross domestic product might rise by more than 200 percent by 2018 under President-elect Donald Trump's economic plan, according to a new analysis. CNBC cites a Deutsche Bank forecast that claims Trump’s economy-boosting agenda could drive 2.4 percent growth in 2017 and 3.6 percent in 2018. Under President Barack Obama, the economy grew by an average of 1.6 percent during his eight years in office. CNBC noted Obama is the first president since Herbert Hoover who has not overseen the economy grow by at least 3 percent in one year of their administrations. The Deutsche...
  • Economic priorities: • Economic growth • Cutting federal spending

    12/26/2016 10:46:19 AM PST · by Sean_Anthony · 4 replies
    Canada Free Press ^ | 12/26/16 | Herman Cain
    The key to solving the biggest problems The United States has a lot of fiscal problems. We are carrying far too much debt. We are facing far too many long-term entitlement obligations. We can’t fund existing government operations without constant borrowing. Most of the time, entitlement programs alone eat up most or all of the tax receipts taken in by the Treasury, leaving short-term debt to fund pretty much everything else.
  • Terrific: Obama approval hits second-term high of 55 percent

    10/06/2016 11:44:59 AM PDT · by Sean_Anthony · 51 replies
    Canada Free Press ^ | 10/06/16 | Dan Calabrese
    Alternate headline: A Democrat's best friend is people who aren't paying attention The deficit is soaring. Economic growth is still sluggish. Syria is a disaster. ObamaCare is imploding. The Supreme Court just informed the president that, much to his dismay, he does have to enforce the nation’s immigration laws. So how about that job the Barack Obama’s doing? What say you, America? Oh . . . OK:
  • Baltimore Mayor Stephanie Rawlings-Blake Visits Cuba for Advice on "Economic Development"

    06/04/2016 6:59:04 AM PDT · by Kaslin · 64 replies ^ | June 4, 2016 | Humberto Fontova
    Remember how after Baltimore was half destroyed by rioters last summer Baltimore mayor Stephanie Rawlings-Blake’s made headlines by claiming she gave Baltimore rioters "Space to Destroy?" She tried to walk back the unfortunate statement—but it only half-worked. In any case, as president of the U.S. Conference of Mayors, last week she was in (totally destroyed by Communism) Cuba leading a mayoral delegation which also includes Mitch Landrieu, mayor of New Orleans (among the murder capitols of the U.S.) "These meetings and visits will provide U.S. mayors and Cuban officials the opportunity to share best practices for providing city services in...
  • Healthy Economic Growth Is Our Missing Ingredient

    02/07/2016 7:24:20 AM PST · by Kaslin · 6 replies ^ | February 7, 2016 | Steve Chapman
    This year's Republican presidential race has generated an unusual number of unusually bad ideas -- Donald Trump on Muslims, Ted Cruz on carpet bombing, Marco Rubio on male footwear. It has also has produced one of the best: Jeb Bush's 4 percent plan. No, that wasn't his desired share of the vote in the Iowa caucus, where he got less than 3 percent. It's his goal for annual economic growth, which he argues would "restore the opportunity for every American to rise and achieve earned success." When Bush said last June, "There is not a reason in the world why...
  • The Unlearned Lesson from Ferguson, Missouri

    08/12/2015 4:01:24 AM PDT · by Kaslin · 10 replies ^ | August 12, 2015 | Allen West
    There was a remembrance march held in Ferguson, Missouri that was supposed to be peaceful in nature. It started as such but ended differently. I must first ask, why was there a remembrance march for the one year anniversary of the death of Michael Brown? Was the intention to mark how the community in Ferguson has turned the corner and made improvements to address the real issues underlying the problems in the community? I have no time to play a politically correct game but will ask, why was there a protest march to remember a young black man who assaulted...
  • America's Faltering Economy Won't Grow Under Clinton

    07/31/2015 10:20:21 AM PDT · by Kaslin · 6 replies ^ | July 31, 2015 | Donald Lambro
    WASHINGTON - America's sluggish economy still looms over our land like a stationary dark cloud that shows no sign of moving away under the Obama administration.Our nation's second quarter growth rate, as measured by its gross domestic product, came in at a mediocre 2.3 percent -- better than the first three months of this year when the economy barely grew at a sickly 0.6 percent, but nothing to write home about.Many economists were forecasting a stronger economic revival nearer to 3 percent or more. But the economy was still being pulled down by the economic undertow of anti-investment, anti-growth, anti-job...
  • President Obama’s Budget Proposal Violates the Principles of Sound Tax Policy

    02/03/2015 3:21:25 PM PST · by ThethoughtsofGreg · 6 replies
    American Legislator ^ | 2-3-15 | Ben Wilterdink
    This week President Obama rolled out his budget proposal, which again demonstrates how incredibly out of step the president is with the rest of the country. Just a couple of weeks after outlining $320 billion in tax increases during his State of the Union address (and quickly backtracking on a plan to tax 529 college savings accounts), President Obama rolled out a budget proposal that would increase taxes by more than $1 trillion. Keep in mind that these proposals follow an election cycle that ousted tax hiking governors and swept governors promising to reduce taxes in Massachusetts, Illinois and Maryland....