Latest Articles: Economy
With These Figures, It's No Shock Why Republicans Got Swept by Democrats in Georgia
Domestic Terrorist?" - Leftist BLM Activist Who Stormed Capitol On Jan. 6 Arrested, Charged - John Earle Sullivan
The Republican Party Killed Itself
Australia to kill pigeon that crossed Pacific from Oregon
Could Joe Biden face impeachment?
Democrats Are Using The Recent Capitol Riot To Consolidate Power
Hold Twitter To Account
Incitement, Insurrection, Impeachment, Imperiousness, and Idiocy
Dems want to bring down anyone who ever backed Trump: Goodwin
Uganda Bans Twitter
Big Corporate Uses Capitol Riots To Push Communist-Style Social Credit System On Americans
Worst people on planet
Gluttons for boot news.
THE MAN ... WHO SHOT ASHLI BABBITT --- (WAS HE BLACK?)
Big Tech’s War on Free Speech
GOP Can't Afford to Leave Trump's Voters Behind
North Idaho Internet Provider Blocks Facebook, Twitter on Its Service Over Censorship
ACLU warns of ‘unchecked power’ of big tech for banning Trump amid calls for investigation of Amazon, Google and Apple
Lt. Gen. Tom McInerney explained Everything TACTICAL DECEPTION, THE STING, THE DATA
POPE DISAPPEARS INTO THIN AIR.
Pelosi And Wimp Portland Mayor Wheeler Conspired And Planned To Blame The Riots On Trump...Nutty Nancy Urges Limp-Wristed Wheeler To Stick To The 'Democrat (Communist) 'Play Book' - Is Nancy's Laptop Starting To Leak?
The Most Trusted Voice In America
Photos & Videos: BLM Activist John Sullivan Who Stormed The US Capitol Says That The Secret Has Been In Contact With Him - Far-Left Activists Have Raised Suspicion That He Is A Federal Agent Provocateur
US Attorney launches federal excessive force investigation into death of Trump-supporting Air Force vet who was shot dead as rioters breached the Capitol
The white backlash has begun. Again.
Pentagon Officials Say Pelosi Asked Them To Stage A Military Coup Against President Trump
WATCH: Armed Antifa Attack Trump Supporters, Cops in San Diego
Video: A Whole Plane Of Trump Supporters Kicked Off A Flight For Singing The National Anthem - Singing the National Anthem Is Now Domestic Terrorist Behavior
Media endorsed violence
Posted Articles Urgently Needed
Senile, lame brain calls protesters 'domestic terrorists'
We Ain’T ... Going To SubmiT --- We Won’T ForgeT
Why Aren't Elections Over by 8 p.m.?
Goodbye to 2020; Hello to a Gruesome 2021
CHART SHOCK: The REAL Unemployment Rate Is 22%
Post Date: 2011-09-02 21:43:48 by Hondo68
It's now above 23% with the August update. Details from John William's Shadow Stats. Shadow Stats The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers. The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as ...
Bill Gross on Kudlow tonite "Free market capitalism does not work for America" -- Is Gross a raincoat Marxist too?
Post Date: 2011-09-02 00:18:55 by Godwinson
Bill Gross on Kudlow tonite "Free market capitalism does not work for America" -- Is Gross a raincoat Marxist too? (Video)
$1.3T deficit projected as economy cools
Post Date: 2011-09-01 15:13:56 by Happy Quanzaa
WASHINGTON (AP) - The White House on Thursday predicted that unemployment will remain at 9 percent next year, a gloomy scenario for President Barack Obama's re-election campaign. The bleak figures from the Office of Management and Budget, which also projected overall growth this year at just 1.7 percent, serve as further confirmation of a sputtering economy while dramatizing the challenge Obama will face in making his case for re-election. The 1.7 percent growth rate is a full percentage point less than the administration predicted at the beginning of the year. The economy promises to be the leading-edge issue of the 2012 White House sweepstakes, and Obama already is facing a host of ...
Recovery Bummer: Productivity Falls in Spring, Labor Costs Rise
Post Date: 2011-09-01 13:35:15 by Happy Quanzaa
From The Associated Press: Worker productivity fell this spring more quickly than previously estimated while labor costs were rising at a faster clip. Both developments could pose threats to a fragile economic recovery. The Labor Department reported Thursday that productivity declined at an annual rate of 0.7 percent in the April-June period, a bigger drop than the 0.3 percent decline reported a month ago. Labor costs rose at an annual rate of 3.3 percent, faster than the 2.4 percent increase originally reported. The changes reflected downward revisions made last week to overall economic growth which showed the economys output barely growing in the spring. Declining productivity, ...
When debt levels turn cancerous
Post Date: 2011-08-31 15:26:51 by Happy Quanzaa
Now we know where the tipping point lies. Debt becomes poisonous once it reaches 80pc to 100pc of GDP for governments, 90pc of GDP for companies, and 85pc of GDP for households. From then on, extra debt chokes growth. Stephen Cecchetti and his team at the Bank for International Settlements have written the definitive paper rebutting the pied pipers of ever-escalating credit. The debt problems facing advanced economies are even worse than we thought. From the Chicago Tribune 1934, sent to me by a reader The basic facts are that combined debt in the rich club has risen from 165pc of GDP thirty years ago to 310pc today, led by Japan at 456pc and Portugal at 363pc. Debt is ...
S&P Rates Subprime Mortgages Higher Than Obama Regime Bonds
Post Date: 2011-08-31 14:38:59 by Happy Quanzaa
S&P Rates Subprime Mortgages Higher Than U.S. Standard & Poors is giving a higher rating to securities backed by subprime home loans, the same type of investments that led to the worst financial crisis since the Great Depression, than it assigns the U.S. government. S&P is poised to provide AAA grades to 59 percent of Springleaf Mortgage Loan Trust 2011-1, a set of bonds tied to $497 million lent to homeowners with below-average credit scores and almost no equity in their properties. New York-based S&P stripped the U.S. of its top rank on Aug. 5, saying Washington politics were making the country less creditworthy. Treasuries gained about 1.95 percent and U.S. ...
Summer dithering could trigger autumn panic
Post Date: 2011-08-30 12:28:28 by nolu chan
Summer dithering could trigger autumn panic The direction must become clear soon because the financial markets are, by nature, impatient. By Telegraph View The Telegraph (UK) 8:34PM BST 29 Aug 2011 After a turbulent week or two in the middle of August, the markets managed to calm down despite witnessing the biggest falls in equity prices since the banking crisis of 2008. With summer now at an end and traders returning to their desks, this is the moment of greatest peril. The worst market panics in history have happened in the autumn, including the Wall Street Crash of October 1929, Black Monday of October 1987 and the ejection of sterling from the Exchange Rate Mechanism in September ...
FROM RUSSIA WITH SHAME: MARK AMES RESPONDS TO VLADIMIR PUTIN’S LATEST SMACKDOWN ON MSNBC’S DYLAN RATIGAN SHOW
Post Date: 2011-08-30 11:58:32 by Godwinson
EXILE TV / AUGUST 9, 2011 FROM RUSSIA WITH SHAME: MARK AMES RESPONDS TO VLADIMIR PUTINS LATEST SMACKDOWN ON MSNBCS DYLAN RATIGAN SHOW By Mark Ames Update: You MUST watch todays Ratigan performance. If were not going to riot against all this crap like the rest of the world is doing, Ratigan will riot for us. [Video below] Exiled Online editor Mark Ames went on MSNBCs Dylan Ratigan Show Thursday to respond to Russian strongman Vladimir Putins latest trash-talking smackdown against America, in which Putin accused the worlds only superpower and leader of the free world of, sponging off the global economy like a parasite. Ames is ...
Obamanomics stays on path to failure with Krueger
Post Date: 2011-08-30 08:49:42 by Happy Quanzaa
Any hopes that President Obama might somehow recognize the utter failure of his economic policies and seek new ideas and directions were dashed by his selection Monday of Princeton University economist Alan E. Krueger to succeed Austan D. Goolsbee as chairman of the Council of Economic Advisers. Krueger previously served as an assistant secretary of the Treasury under Timothy Geithner. Obama praised Krueger's work during the first two years of his administration, and said Krueger's chief task in the new job will be to help develop policy recommendations to get the stagnating economy growing again. Don't expect any new ideas from Krueger. He was among the architects of such ...
Nouriel 'Dr. Doom' Roubini: ‘Karl Marx Was Right’ [Full Thread]
Post Date: 2011-08-28 11:38:18 by lucysmom
Companies, Roubini said, are motivated to minimize costs, to save and stockpile cash, but this leads to less money in the hands of employees, which means they have less money to spend and flow back to companies. Now, in the current financial crisis, consumers, in addition to having less money to spend due to the above, are also motivated to minimize costs, to save and stockpile cash, magnifying the effect of less money flowing back to companies. "Karl Marx had it right," Roubini said in an interview with wsj.com. "At some point capitalism can self-destroy itself. That's because you can not keep on shifting income from labor to capital without not having an excess ...
Obama's Jobs Program
Post Date: 2011-08-24 12:43:33 by jwpegler
As the President suns himself at his $50,000 a week estate in Martha's Vineyard, the nation's economy continues to struggle, with new housing starts falling and delinquent mortgage payments on the rise. As he was leaving for his vacation, Obama promised to unveil a new "jobs program" when he gets back. Undoubtedly, it will be another Keynesian pump priming disaster, just like Obama's "stimulus", which will do nothing to help the economy. Keynesian economics should have been completely discredited in the 1970s. According to Keynesians and their Phillips Curve, you cannot have high inflation and high unemployment at the same time. Yet, this is exactly what he ...
Morning Examiner: Quake exposes Keynesian fraud
Post Date: 2011-08-24 10:17:53 by Happy Quanzaa
Mere minutes after the earth stopped shaking yesterday, The Examiners Tim Carney tweeted out: Krugman says it wasnt big enough. Carney was making light of New York Times columnist Paul Krugmans faith in Keynesian economics, which preaches that when the economy is not utilizing all of its productive capacity, increased spending on anything, even digging ditches, can increase economic growth. Just like Krugman has been arguing that President Obamas $821 billion stimulus was not big enough, Carney mockingly predicted that Krugman would also complain that the earthquake failed to do enough damage to justify a large rebuilding spending spree. Four hours ...
Gold retreats from record high above $1,900/oz (I feel sorry for the suckers who bought gold recently)
Post Date: 2011-08-23 09:21:16 by Godwinson
Gold retreats from record high above $1,900/oz (I feel sorry for the suckers who bought gold recently) By Jan Harvey LONDON | Tue Aug 23, 2011 7:22am EDT (Reuters) - Gold prices retreated more than 1 percent from record highs on Tuesday as a recovery in appetite for assets seen as higher risk, such as stocks, took the steam out of a rally that many saw as overdone above $1,900 an ounce. A hike in margin requirements for gold forwards on the Shanghai Gold Exchange also helped curb the precious metal's scorching rise.
Fight of the Century: Keynes vs. Hayek - Round Two (Economic Rap Music)
Post Date: 2011-08-20 16:19:15 by Hondo68
According to the National Bureau of Economic Research, the Great Recession ended almost two years ago, in the summer of 2009. Yet were all uneasy. Job growth has been disappointing. The recovery seems fragile. Where should we head from here? Is that question even meaningful? Can the government steer the economy or have past attempts helped create the mess we're still in? In "Fight of the Century", Keynes and Hayek weigh in on these central questions. Do we need more government spending or less? What's the evidence that government spending promotes prosperity in troubled times? Can war or natural disasters paradoxically be good for an economy in a slump? Should more ...
Stock futures signal another day of losses
Post Date: 2011-08-19 04:48:10 by Happy Quanzaa
(Reuters) - Stock index futures pointed to a sharply weaker open for equities on Wall Street on Friday, a day after the Nasdaq ended more than 5 percent lower and the S&P 500 slipped 4.5 percent on rising recession fears. Futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 were down by between 1.7 and 2.0 percent. Economic Cycle Research Institute (ECRI) releases at 10:30 a.m. EDT its weekly index of economic activity for August 12. In the prior week the index read 127.9. Bank of America is cutting 3,500 jobs this quarter according to an internal memo, as the biggest U.S. bank grapples with its $1 trillion problem-loan portfolio and growing economic concerns. ...
Obamanomics Report: US Jobless Claims Up, Gasoline Lifts Consumer Prices
Post Date: 2011-08-19 04:42:19 by Happy Quanzaa
US Jobless Claims Up, Gasoline Lifts Consumer Prices The number of Americans claiming new jobless benefits rose last week and consumer prices increased at the fastest pace in four months in July, highlighting the challenges facing the Federal Reserve. Initial claims for state unemployment benefits increased 9,000 to a seasonally adjusted 408,000, the Labor Department said on Thursday, above economists' expectations for a rise to to 400,000. Another report from the Labor Department showed the Consumer Price Index increased 0.5 percent in July, the largest gain since March, after falling 0.2 percent in June. That was above economists' expectations for a 0.2 percent gain. Gasoline, ...
As Chavez Pulls Venezuela's Gold From JP Morgan, Is The Great Scramble For Physical Starting?
Post Date: 2011-08-17 18:55:14 by Capitalist Eric
In addition to the nationalization of his gold insutry, Chavez earlier also announced that he would recover virtually all gold that Venezuela hold abroad, starting with 99 tons of gold at the Bank of England. As the WSJ reported earlier, "The Bank of England recently received a request from the Venezuelan government about transferring the 99 tons of gold Venezuela holds in the bank back to Venezuela, said a person familiar with the matter. A spokesman from the Bank of England declined to comment whether Venezuela had any gold on deposit at the bank." That's great, but not really a gamechanger. After all the BOE should have said gold. What could well be a gamechanger is that ...
DESTRO: Jesus is a big government tax and spend socialist [Full Thread]
Post Date: 2011-08-16 09:42:45 by Godwinson
Jesus is a big government tax and spend socialist.
Here is God saying so in his own words in the Bible:
In Genesis 41:33-36, God's via Joseph gives his advice to Pharaoh to tax and then spend and subsidize the economy in times of recession:
“Now therefore, let Pharaoh select a discerning and wise man, and set him over the land of Egypt. Let Pharaoh do this, and let him appoint officers over the land, to collect one-fifth of the produce of the land of Egypt in the seven plentiful years. And let them gather all the food of those good years that are coming, and store up grain under the authority of Pharaoh, and let them keep food in the cities. Then that food shall be as a reserve for ...
Big Government's Big Spending Has Boosted Inflation and Killed 3.5 Million Jobs
Post Date: 2011-08-16 00:35:30 by Hondo68
Rising prices are no surprise to anyone who has been following the actions of Ben Bernanke's Fed. Two rounds of "quantitative easing" injected more than $2.3 trillion into bank reserves, and thus to some extent into the economy. The more money chasing products and services, the more those products and services cost.Bernanke's thinking was that by pumping trillions into the financial system, he could spur lending, investing, and spending via lower interest rates, and thus goose the economy. But the strategy not only hasn't improved the economy, it has also had two major bad side-effects. Increased inflation is one side-effect, discussed below. But first, let's cover ...
Rob Johnson and Tom Ferguson on the Real Meaning of the S&P Downgrade and the Market Reaction
Post Date: 2011-08-14 11:32:43 by lucysmom
An Economic Lesson from Harry Truman
Post Date: 2011-08-13 13:51:28 by jwpegler
The appointment of yet another deficit commission, to make recommendations for reducing the programmed increases in our national debt over the next 10 years, demonstrates how dysfunctional the political has really become. President Obama appointed a bi-partisan deficit commission last year. In December, they came back with a modest proposal to reduce the planned increase in the debt by $4 trillion over the next 10 years. Obama should of went on TV, held the plan up, and told the American people that we need to do this to fix the economy. Then he should have dumped it in John Boehner's and Harry Reid's laps and focused like a laser beam on building support for it around the ...
Stocks Skid 3%, Led by Banks; Vix Surges 15%
Post Date: 2011-08-10 10:09:52 by Happy Quanzaa
Stocks extended their losses Wednesday to wipe out most of the previous session's sharp rally as financials led the decline amid jitters over the U.S. economy and the ongoing euro zone crisis. he Dow Jones Industrial Average plunged sharply, led by Disney [DIS 30.60 -4.10 (-11.82%) ] and BofA [BAC 6.95 -0.65 (-8.55%) ], after surging over 600 points in the final hour of trading in the previous session amid a heavily volatile session. The S&P 500 and Nasdaq also declined more than 3 percent. The CBOE Volatility Index, widely considered the best gauge of fear in the market, traded near 40. Click for Full Text!
Obama shuts up about Obamanomic crisis
Post Date: 2011-08-10 09:15:26 by Happy Quanzaa
White House goes mum on financial crisis The White House was tight-lipped Tuesday on the financial calamity gripping the global economy, just a day after President Obama vowed to "stay on it until we get the job done," inciting new criticism of the president for failing to seize the issue that will define his re-election campaign. Obama remained on the sidelines even as markets rebounded from a historic collapse, canceling an economic event in Springfield and the daily press briefing with reporters. Instead, Obama made an unexpected trip to Dover, Del., to view the return of 30 U.S. servicemen killed in Afghanistan. But the hush from the White House stood out to those ...
Economic Downturn and Bush Policies Continue to Drive Large Projected Deficits
Post Date: 2011-08-09 11:03:00 by lucysmom
Some lawmakers, pundits, and others continue to say that President George W. Bushs policies did not drive the projected federal deficits of the coming decade that, instead, it was the policies of President Obama and Congress in 2009 and 2010. But, the fact remains: the economic downturn, President Bushs tax cuts and the wars in Afghanistan and Iraq explain virtually the entire deficit over the next ten years (see Figure 1). The deficit for fiscal year 2009 which began more than three months before President Obamas inauguration was $1.4 trillion and, at 10 percent of Gross Domestic Product (GDP), the largest deficit relative to the economy since the ...
DOW DOWN 630%!!!
Post Date: 2011-08-09 08:47:51 by Happy Quanzaa
NBC News' Sharpton Reports: Dow Down 630%!
Latest [Newer] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 [Older]