HOME/ABOUT  Prayer  SCOTUS  ProLife  BangList  Aliens  StatesRights  ConventionOfStates  WOT  HomosexualAgenda  GlobalWarming  Corruption  Taxes  Congress  Fraud  MediaBias  GovtAbuse  Tyranny  Obama  ObamaCare  Elections  Polls  Debates  Trump  Cruz  Kasich  OPSEC  Benghazi  InfoSec  BigBrother  IRS  Scandals  TalkRadio  TeaParty  FreeperBookClub  HTMLSandbox  FReeperEd  FReepathon  CopyrightList  Copyright/DMCA Notice 

Please keep those donations coming in, folks. Our 2nd quarter FReepathon is off to a great start and we have a chance of getting 'er done early! Thank you all very much!!

Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Free Republic 2nd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $31,634
35%  
Woo hoo!! And the first 35% is in!! Thank you all very much!! God bless.

Keyword: bhoeconomy

Brevity: Headers | « Text »
  • In 1 Out Of Every 5 American Families, Nobody Has A Job

    04/27/2016 6:20:35 PM PDT · by SeekAndFind · 24 replies
    TEC ^ | 04/27/2016 | Michael Snyder
    If nobody is working in one out of every five U.S. families, then how in the world can the unemployment rate be close to 5 percent as the Obama administration keeps insisting? The truth, of course, is that the U.S. economy is in far worse condition than we are being told. Last week, I discussed the fact that the Federal Reserve has found that 47 percent of all Americans would not be able to come up with $400 for an unexpected visit to the emergency room without borrowing it or selling something. But Barack Obama and his minions never bring...
  • Sears to close 78 stores this summer

    04/21/2016 4:07:42 PM PDT · by Olog-hai · 65 replies
    Associated Press ^ | Apr 21, 2016 7:06 PM EDT | Anne D’Innocenzio
    Sears Holdings Corp. will close another 78 stores — 68 Kmart units, and 10 Sears stores — as it looks to restore profitability. That accounts for about 5 percent of its store base, which is nearly 1,700 stores. The ailing company, based in Hoffman Estates, Illinois, had said in February that it would accelerate the closing of unprofitable stores following a “challenging” holiday season. The move announced Thursday is expected to generate a “meaningful level” of cash from the liquidation of store inventories and from the sale or sublease of some of the related real estate, it said Thursday. All...
  • The American Dream is at a Standstill

    04/20/2016 7:21:25 AM PDT · by Academiadotorg · 8 replies
    Accuracy in Academia ^ | April 20, 2016 | Spencer Irvine
    Now here's news you’re not likely to get from many commencement speeches, especially if they are given by Obama Administration officials, including the chief executive himself. Michael Petrilli, president of the Thomas B. Fordham Institute, believes that U.S. income mobility, or the rags-to-riches story of the American Dream, is at a standstill. At a presentation and panel discussion at the Hoover Institution, Petrilli pointed out the problems that American families are facing in today's economy. He said that other countries, not the U.S., "tend to do better than we have" in income mobility. Petrilli said that the U.S. and the...
  • Intel to slash 12,000 jobs and take a $1.2 billion charge, stock drops

    04/19/2016 2:19:45 PM PDT · by bobsunshine · 34 replies
    Business Insider ^ | April 19, 2016 | Matt Rosoff
    Intel plans to cut 12,000 jobs, or 11% of its workforce. It will take a $1.2 billion charge as a result. Trading was halted around the release, then the stock immediately dropped when trading resumed. It's down about 3%. But Intel beat on earnings and revenue. Here are the reported numbers for Q1 2016: • EPS (non-GAAP): $0.54 vs. $0.49 expected. That's up 2% from last year. • Revenue: $13.80 billion vs. $13.84 billion expected. But that number includes $99 million from a deferred revenue write-down — without that, revenue would've come in at $13.70 billion. That's still a 7%...
  • Sport Chalet closing all of its stores

    04/16/2016 8:16:14 PM PDT · by chrisinoc · 66 replies
    OC Register ^ | 4/16/2016 | LILY LEUNG and LOU PONSI
    Sport Chalet announced on Saturday that it is closing all of its stores and has stopped selling goods online. "While our online store is no longer available, all Sport Chalet stores will remain open for several weeks, offering customers the opportunity to use their remaining rewards and gift cards, and to take advantage of great sales," the chain says on its website. Michelle De Leon, a department head at the Sport Chalet in Lake Forest, said employees found out about the store closure through their general managers on Thursday.
  • Miserable Year for Banks: Stocks Suffer as Rates Stay Low

    04/12/2016 7:31:46 AM PDT · by Lorianne · 5 replies
    Wall Street Journal ^ | 10 April 2016 | Aaron Kuriloff, Riva Gold
    Financial shares are down sharply in 2016 even as broader markets have recovered; central-bank policies squeeze interest margins --- Bank stocks are having a terrible 2016, as central-bank policies, which for years lifted asset prices, are hurting the financial sector. The impact of economic stimulus efforts on lenders will get a fresh airing this week, as big U.S. banks begin reporting their earnings for the first quarter. Trading revenue is expected to have taken a hit, but the more enduring problem will be visible in the lenders’ net interest margins, the basic measure of bank profitability that gets flattened by...
  • First-quarter economy looks bleaker by the day

    04/08/2016 12:52:21 PM PDT · by mykroar · 6 replies
    CNBC.com ^ | 4/8/2016 | Patti Domm
    Some economists now see first-quarter growth as negligible, and it could easily turn out to be negative. Economists shaved already weak growth forecasts by a few more tenths Friday, after wholesale inventories fell 0.5 percent month over month in February, much more than the anticipated 0.1 percent decline. January was also revised down by 0.4 percent. The closely watched Atlanta Fed GDPNow model now shows first-quarter growth tracking at 0.1 percent, compared to a 0.4 percent estimate earlier in the week. JPMorgan economists now forecast the economy only expanded by 0.2 percent in the first quarter, from 0.7 percent. Barclays...
  • Hancock Fabrics stores closing nationwide

    04/04/2016 10:48:34 AM PDT · by Lorianne · 73 replies
    UPI ^ | 02 April 2016 | Daniel Uria
    Hancock Fabrics stores will close its remaining 185 stores nationwide after filing for bankruptcy protection earlier this year. Great American Group, a liquidator, announced it was the highest bidder on the assets and inventory of the fabric retailer, which filed for Chapter 11 bankruptcy protection in early February. "Great American Group has worked closely with Hancock Fabrics in a range of capacities over the last several years," Scott Carpenter, of Great American Group, said. "This has given us a deep understanding of Hancock's inventory and assets, which ultimately allowed us to prevail as the highest bidder." On Friday, the stores...
  • Why the Anger? Obamanomics Has Failed

    03/31/2016 9:45:17 AM PDT · by Kaslin · 16 replies
    Townhall.com ^ | March 31, 2016 | Larry Elder
    resident Barack Obama, when asked to name an accomplishment for which he is most proud, said, "I'm proud of saving the American economy." Breathtaking. Let's examine the facts, using only government, left wing -- or, at least, non-conservative -- statistics, sources or analyses. In 2012, the third year of the Obama recovery, the Associated Press wrote: "Since World War II, 10 U.S. recessions have been followed by a recovery that lasted at least three years. An Associated Press analysis shows that by just about any measure, the one that began in June 2009 is the weakest. ... Economic growth has...
  • Corporate profits fall for the first time since the Great Recession

    03/25/2016 10:57:13 AM PDT · by detective · 7 replies
    MSN Money ^ | March 25, 2016 | Jeffry Bartash
    American companies have been squeezed by falling exports, cheaper imports and continued caution on the part of savings-minded consumers. Firms have also incurred higher labor costs. Adjusted pretax profits sank by 7.8% in the fourth quarter, the Commerce Department said Friday. Profit figures are adjusted for depreciation and the value of inventories.
  • 38% of Companies to Reduce Employment in 2016, Only 29% Expect Increase: Five Consequences

    03/22/2016 3:59:04 PM PDT · by Lorianne · 18 replies
    fx street ^ | 17 March 2016 | Mike “Mish” Shedlock
    Is the part-time hiring binge that has inflated job numbers for at least two years about to come to an end? I think so. More importantly, so do CEOs of large corporations. In December, a quarterly survey of large corporation CEOs showed a minuscule net of 1% (35% to 34%) of corporations expected an increase in hiring. 31% expected no change. The latest quarterly survey shows nearly 10% (29% to 38%) of large corporation CEOs expect to reduce headcount. The remaining 33% expect no change.
  • Debtors face day of reckoning as credit bubble bursts

    03/06/2016 8:53:47 AM PST · by NRx · 73 replies
    The Telegraph ^ | 03-06-2016 | Mehreen Khan
    The world's credit boom is beginning to show dangerous signs of unraveling, ushering in a period of fresh turmoil for the over-indebted global economy, the Bank of International Settlements has warned. The globe's top financial watchdog called time on the world's debt binge, noting that debt issuance and cross border flows in emerging economies slowed for the first time since the aftermath of the global credit crunch at the end of last year. With financial markets thrown into fresh paroxysms in 2016, oscillating between extremes of "hope and fear", the over-leveraged world was finally approaching a day of reckoning, said...
  • Obama Blames Republicans For Slow Economic Recovery

    03/04/2016 4:13:43 PM PST · by Nachum · 38 replies
    daily caller ^ | 3/4/16 | Connor D. Wolf
    President Barack Obama responded to reports of slow job growth Friday by blaming Republicans who have opposed parts of his economic agenda. The Bureau of Labor Statistics (BLS) report found the economy added 242,000 new jobs in February. The latest number highlights a long-running trend of slow, yet positive, economic growth. Obama credits the growth to his agenda but its slowness to Republicans for their opposition to his plan. “The plans that we have put in place to grow the economy have worked,” the president declared in the Oval Office. “They would work even faster if we did not have...
  • Buffett Rails Against Presidential Candidates Who Talk Down Economy

    02/27/2016 1:19:00 PM PST · by Hojczyk · 24 replies
    OANN ^ | February 27,2016 | Jennifer Ablan and Jonathan Stempel
    Warren Buffett bemoaned the “negative drumbeat” on the U.S. economy from presidential candidates in his annual Berkshire Hathaway Inc shareholder letter on Saturday, saying they are misleading Americans into believing their children will be worse off than they are. “It’s an election year, and candidates can’t stop speaking about our country’s problems (which, of course, only they can solve),” Buffett wrote, italicizing “they” for emphasis. As a result of their dour outlook on the U.S. economy, many Americans now believe that their children will not live as prosperously as they themselves do, the 85-year-old Buffett said. “That view is dead...
  • Finance, not tech, is driving growth in U.S. billionaires

    02/25/2016 6:02:19 PM PST · by SkyPilot · 11 replies
    Market Watch ^ | 25 Feb 16 | Silva Ascarelli
    <p>Silicon Valley may have plenty of millionaires, but the road to U.S. billionairedom is increasingly paved through finance.</p> <p>Nearly 27% of all U.S. billionaires in 2014 worked in finance (read: hedge-fund managers and a few others), according to a study by Caroline Freund, a senior fellow at the Peterson Institute for International Economics, and Sarah Oliver, a research analyst at the Washington, D.C.-based think tank.</p>
  • The World's Biggest Banks May Very Well Grow Even Larger

    02/23/2016 7:11:16 PM PST · by Tolerance Sucks Rocks · 14 replies
    Fortune ^ | February 23, 2016 | Eleanor Bloxham
    Ever since the financial crisis, many outside the wealthy elite (sometimes referred to as populists) have argued that the largest banks are too big and too risky. Minneapolis Federal Reserve president Neel Kashkari recently echoed those beliefs.Yet if a new Federal Reserve proposal goes through, Wells Fargo and other large banks might get even bigger and riskier, adding billions to their balance sheets that could increase the banks’ risk profiles.The Federal Reserve says the proposal, which specifies the amount and kind of debt that systemically important large banks must hold, could help make sure that those banks can be wound...
  • The Recession Isn’t a Few Months Away ... It's Already Started

    02/21/2016 11:29:14 AM PST · by SeekAndFind · 35 replies
    Economy and Markets Daily ^ | 02/21/2016 | Harry Dent
    So the S&P 500 is out of correction for now and the coast is clear. NOT! This is exactly what we've been predicting would happen – after reaching new lows, stocks would have to bounce before they inevitably resume their longer-term trend, which is down. But stocks haven't been the only victims of late. Just a couple weeks ago the January nonfarm payroll report came in at 151,000 jobs. So much for the expected 190,000! And of the ones reported, they were mostly low-wage jobs. Pile that on top of the disappointing Christmas and retail sales in December. Not to...
  • Pension Funds See 20% Spike In Deficit

    02/14/2016 8:04:37 AM PST · by Lorianne · 13 replies
    Argus Obsever ^ | 14 February 2016 | Ted Sickinger
    Oregon Treasurer and Portland mayoral candidate Ted Wheeler issued a statement last week noting that the state pension fund’s investment returns were 2.1% in 2015. That beat the Standard & Poor’s 500 index and topped the performance of 88% of comparable institutional investment funds. What Wheeler’s statement didn’t mention was that investment returns for the year still fell 5.6 percentage points below the system’s 7.75% assumed rate of return for 2015. That’s terrible news for public employers and taxpayers. It means the pension system’s unfunded liability just increased by another 20% — growing from $18 billion at the end of...
  • Carrier moving operations to Mexico

    02/10/2016 1:55:34 PM PST · by John W · 96 replies
    WISHTV.COM ^ | February 10, 2016 | Staff Reports
    INDIANAPOLIS (WISH) - An Indianapolis manufacturing facility is moving operations to Mexico, impacting 1,400 jobs. Carrier, currently located on West Morris Street, will be moving operations to Monterrey, Mexico beginning in 2017. The move is expected to be complete in 2019. A release by the company said there would be no immediate impact on jobs. The company says the proposal to move is subject to "discussions with local union representatives." "This decision is difficult and we recognize the impact on employees, their families and the community. We are committed to ensuring that our employees are treated respectfully and to working...
  • Stock Market in 2016 compared to 2008

    02/06/2016 1:38:37 PM PST · by entropy12 · 13 replies
    Feb 06, 2016 | Self
    Chart comparing 2008 market behavior with 2016. But it is still too early in the year and 2016 may not repeat the stock market of 2008.
  • Welcome To The New Normal: The Dow Crashes Another 390 Points And Wal-Mart Closes 269 Stores

    01/19/2016 10:27:02 AM PST · by RetiredArmy · 61 replies
    The Sons of Liberty ^ | January 17, 2016 | Michael Snyder
    Welcome To The New Normal: The Dow Crashes Another 390 Points And Wal-Mart Closes 269 Stores Did you know that 15 trillion dollars of global stock market wealth has been wiped out since last June? The worldwide financial crisis that began in the middle of last year is starting to spin wildly out of control. On Friday, the Dow plunged another 390 points, and it is now down a total of 1,437 points since the beginning of this calendar year. Never before in U.S. history have stocks ever started a year this badly. The same thing can be said...
  • Oil Sold for -$0.50 per Barrel. A Negative Price!

    01/18/2016 3:54:46 PM PST · by bananaman22 · 18 replies
    Oilprice.com ^ | 18-01-2016 | northdakoterrrr
    The oil markets are on edge with oil sinking into the $20s per barrel. And last week we reported on one place where oil is already trading in the single-digits. Canada’s bitumen is selling for just $8 per barrel. But even that rock bottom price is higher than what one oil seller earned for a shipment recently. In a bizarre turn of events, Bloomberg reported that Flint Hill Resources, a refining unit owned by the Koch brothers, said that they would purchase sour crude from North Dakota for $-0.50 per barrel. That’s right: a negative price. Oil has become so...
  • Wal-Mart to Close 269 Stores as It Retools Fleet (In US: 154 stores, 10,000 jobs lost)

    01/15/2016 6:25:32 AM PST · by kristinn · 88 replies
    CNBC ^ | Friday, January 15, 2016 | Krystina Gustafson and Courtney Reagan
    Wal-Mart said Friday it will close 269 stores across the globe, including 154 in the U.S. The world's largest retailer also will open as many as 405 stores globally in the coming fiscal year, as it shifts its focus toward Supercenters and Neighborhood Markets in profitable locations. In all, 16,000 employees will be impacted by the store closings, about 10,000 of whom are in the U.S. Also domestically, Wal-Mart will also close 23 Neighborhood Market stores, 12 Supercenters, seven stores in Puerto Rico, six discount centers and four Sam's Clubs.
  • CSX: Railroads Face Recession-Like Pressures (rail volumes at Recession levels)

    01/13/2016 3:22:14 PM PST · by Red in Blue PA · 43 replies
    CSX Corp. executives said on Wednesday that current pressures on rail cargo volumes are at levels not seen outside a recession. “You have multiple aspects working against you: the low [natural] gas prices, the low commodity prices, the strength of the dollar,” Chief Executive Michael Ward said during an earnings call with analysts. “Except for markets like automotive and housing related, you’re seeing pressure on most of the markets.”
  • Donald Trump gloats after massive Macy's job cuts

    01/07/2016 8:36:05 AM PST · by TangledUpInBlue · 120 replies
    The Business Insider ^ | 1/7 | Colin Campbell
    Trump had a high-profile feud with Macy's shortly after he launched his presidential campaign in June with a fiery campaign speech in which he accused the Mexican government of sending rapists and murderers across the border. Macy's was among several corporations to sever financial ties with Trump amid the resulting firestorm. The store said it would phase out its Trump-branded ties, dress shirts, and "Success" fragrance. Trump responded by calling for a boycott of the store and retweeted his supporters who said they were cutting up their Macy's credit cards.
  • Most Americans are one paycheck away from the street

    01/06/2016 11:30:32 AM PST · by Citizen Zed · 80 replies
    MarketWatch ^ | 1-6-2016 | Quentin Fottrell
    Why aren't people saving? Millions of Americans are struggling with student loans, medical bills and other debts, says Andrew Meadows, a San Francisco-based producer of "Broken Eggs," a documentary about retirement. Central bankers hiked their short-term interest rate target last month to a range of 0.25% to 0.50% from near-zero, but that's still a small return for savings left in bank accounts. Indeed, personal savings rates as a percentage of disposable income dropped from 11% in December 2012 to 4.6% in August 2015, according to the Bureau of Economic Analysis , and now hover at 5.5%. More money and education...
  • U.S. Durable Goods Orders Flat in November

    12/23/2015 12:17:05 PM PST · by BenLurkin · 4 replies
    Wall Street Journal ^ | 12/23/2015 | Ben Leubsdorf
    Military spending helped prop up November's headline figure. Orders for defense capital goods surged 44.4% last month including a 46.9% increase in orders for defense aircraft and parts. Excluding defense, orders for durable goods fell 1.5% in November after increasing 3.0% in October. Durable-goods orders excluding the often-volatile transportation category fell 0.1% in November from the prior month after rising 0.5% in October. A closely watched proxy for how much businesses are spending on new equipment-orders for nondefense capital goods excluding aircraft-fell 0.4% in November from the prior month after rising by a downwardly revised 0.6% in October. New orders...
  • Kraft Heinz To Close Seven Plants, Cut 2,600 Jobs

    11/05/2015 8:24:15 PM PST · by robowombat · 24 replies
    Manufacturing News ^ | Thu, 11/05/2015 - 9:37am | Andy Szal,
    Kraft Heinz To Close Seven Plants, Cut 2,600 Jobs Thu, 11/05/2015 - 9:37am Andy Szal, Digital Reporter Kraft Heinz on Wednesday announced that it will close seven facilities and cut 2,600 jobs as part of its continued efforts to reduce costs. The plan includes shuttering the nearly century-old Oscar Mayer plant in Madison, Wisconsin, which houses the company's U.S. meats business. The meats operation will instead move to Chicago along with about 250 of the plant's workforce of more than 1,000. Kraft Heinz will move its Illinois office from the former Kraft headquarters in suburban Northfield to downtown Chicago early...
  • Target to close 13 stores nationwide amid plummeting profits

    11/04/2015 5:21:37 PM PST · by gwgn02 · 34 replies
    DailyMail ^ | 11/4/2015 | AP
    Target plans to close 13 stores nationwide, most in the Midwest where the store has its roots. The Minneapolis, Minnesota-based retailer says a decision to close a store usually follows several years of decreasing profitability. The retail giant plans to close the stores on January 30, 2016. The 13 are among Target's nearly 1,800 stores in the U.S.
  • Number Of Americans Living On $2-A-Day Doubles

    09/01/2015 6:37:50 PM PDT · by Citizen Zed · 35 replies
    cbs news 6 ok ^ | 9-1-2015
    By one dismal measure, America is joining the likes of Third World countries. The number of U.S. residents who are struggling to survive on just $2 a day has more than doubled since 1996, placing 1.5 million households and 3 million children in this desperate economic situation. That's according to "$2.00 a Day: Living on Almost Nothing in America," a book from publisher Houghton Mifflin Harcourt that will be released on Sept. 1. The measure of poverty isn't arbitrary -- it's the threshold the World Bank uses to measure global poverty in the developed world. While it may be the...
  • Day 2 Mega Crash: Dow Closes Down 530 Points

    08/21/2015 1:56:00 PM PDT · by amessenger4god · 39 replies
    That is a 3.12% loss in a single day. 5.18% today and yesterday. To put that in perspective between 750 billion and 1 trillion dollars in market value were just wiped out in two days in the U.S. alone. And it isn't even September yet. It is about to get really, really ugly. CNBC is reporting that China's market is now mirroring 1929, and we could see the Chinese market crash a further 9% over just the next 4-5 days. Again I'll ask you: is your treasure in Heaven or on earth? You can't eat your gold, your silver, or...
  • Macy's cuts outlook as sales, profit slide (Trump Factor??)

    08/12/2015 11:50:56 AM PDT · by ripnbang · 42 replies
    Market Watch ^ | August 12, 2015 | Chelsey Dulaney
    Macy's Inc. on Wednesday cut its sales guidance for the year after reporting steeper-than-expected slides in sales and profit in its second quarter. Chief Executive Terry J. Lundgren said the company was disappointed with its second-quarter results, but said Macy's expects improvement in the second half of the year.
  • The New American Dream Under Obama: Renting

    06/22/2015 4:27:32 AM PDT · by SeekAndFind · 24 replies
    IBD ^ | 06/21/2015
    The heavy federal hand in the housing market has been a disaster. Despite spending more than $13,000 for every household, Washington has record low homeownership to show for it, even among the middle class. In fact, a just-released report by Harvard's Joint Center for Housing Studies not only finds more middle-class families renting but many also struggling to make rent, as homeownership rates plunge lower than ever. This is as shocking as it is depressing. It used to be that the middle class owned homes. Now it's increasingly feeling "the strain of rising rents," the reports says, as foreclosures and...
  • US ECONOMY SHRANK AT 0.7 PERCENT RATE IN FIRST QUARTER

    05/29/2015 5:47:11 AM PDT · by tellw · 117 replies
    AP ^ | 5/29/2015 | MARTIN CRUTSINGER
    WASHINGTON (AP) -- The U.S. economy went into reverse in the first three months of this year as a severe winter and a widening trade deficit took a harsher toll than initially estimated. The Commerce Department says the overall economy as measured by the gross domestic product contracted at an annual rate of 0.7 percent in the January-March period. The revised figure, even weaker than the government's initial estimate of a 0.2 percent growth rate, reflects a bigger trade gap and slower consumer spending. It marked the first decline since a 2.1 percent contraction in the first three months of...
  • The U.S. economy has left behind 20 million Americans

    05/15/2015 8:00:05 PM PDT · by Lorianne · 16 replies
    Market Watch ^ | 13 May 2015 | Howard Gold
    About 10% of adults of working age have at best marginal ties with the economy ___ Last month, when Baltimore was burning after a young African-American man died in police custody (six officers were subsequently charged), I did a Google search to find what David Simon thought about it. Simon, a former reporter for the Baltimore Sun, was the creator and show runner of “The Wire,” which ran for five seasons on HBO and which Entertainment Weekly called the greatest television show ever. It was a brilliant narrative of the struggle for survival in a violent, drug-riddled Baltimore neighborhood much...
  • US economy rebounding with solid if unspectacular job gains

    05/08/2015 7:20:54 PM PDT · by Olog-hai · 33 replies
    Associated Press ^ | May. 8, 2015 5:05 PM ET | Christopher S. Rugaber
    Rebounding from a dismal start to the year, the U.S. economy added 223,000 jobs in April, a solid gain that suggested that employers are helping fuel a durable if still subpar recovery. The job growth helped lower the unemployment rate to 5.4 percent from 5.5 percent in March, the Labor Department said Friday. That is the lowest rate since May 2008, six months into the Great Recession. The figures provided some reassurance that the economy is recovering from a harsh winter and other temporary headwinds that likely caused it to shrink in the first three months of the year. Yet...
  • Wow. 47 Major Retailers Announce Closing of 6,000 Stores Across the Country

    05/07/2015 6:16:59 PM PDT · by Beave Meister · 39 replies
    You’ll never hear the Obama administration pass on an opportunity to gloat about the miracles they think they’ve managed to pull off over the past seven years to get America’s economy back on track. The only problem with that is, it’s not remotely true. Somehow, the spin doctors at the White House always manage to cherry pick rare instances of economic improvement and turn them into something much bigger. If you want a real indication of how President Barack Obama’s economy is fairing, just look to a recent report that shows a coming “retail apocalypse,” with major retailers across the...
  • Major U.S. Retailers Are Closing More Than 6,000 Stores

    05/03/2015 4:02:11 PM PDT · by dennisw · 144 replies
    zerohedge ^ | 05/02/2015 | Michael Snyder
    Submitted by Michael Snyder via The Economic Collapse blog, If the U.S. economy really is improving, then why are big U.S. retailers permanently shutting down thousands of stores? The “retail apocalypse” that I have written about so frequently appears to be accelerating. As you will see below, major U.S. retailers have announced that they are closing more than 6,000 locations, but economic conditions in this country are still fairly stable. So if this is happening already, what are things going to look like once the next recession strikes? For a long time, I have been pointing to 2015 as a...
  • A Weird Discrepancy In The US Economy Has Begun To Work Itself Out ... In A Bad Way

    04/06/2015 7:28:21 AM PDT · by blam · 39 replies
    BI ^ | 4-5-2015 | Sam Ro
    Sam Ro4-5-2015 Since the beginning of the year, the pace of growth in numerous US economic indicators deteriorated significantly, so much so that many of these metrics even fell short of economists' expectations. Weirdly, the pace of jobs growth had been resilient even amid unexpected plunges in key measures like retail sales and durable goods orders, reports which reflected weakness in both consumers and businesses. However, this weirdness has begun to work itself out. On Friday, we learned the US economy added just 126,000 jobs in March, missing expectations for 245,000 new jobs. You have to go all the way...
  • Just When You Thought The Obama Economy Can't Get Any Worse, It's Getting A Lot Worse

    04/03/2015 3:08:49 PM PDT · by Kaslin · 106 replies
    Townhall.com ^ | April 3, 2015 | Donald Lambro
    In the seventh year of Barack Obama's administration, the economy is still getting failing grades that have been the hallmark of his trouble-filled presidency. While he continues to go about the country telling voters that his policies are working, this week's dreary economic data tell a far different story. The bleak headlines in the nation's major newspapers tell the story in its bluntest terms. "Stocks fall on disappointing economic data," said USA Today. "U.S. stocks fall on weak economic data," blares The Wall Street Journal, with this subhead: "Private payrolls rise less than expected in March, adding to concerns about...
  • Obama's Lies on the Economy Revealed (He just can't help but lie)

    04/03/2015 3:20:49 PM PDT · by Kaslin · 18 replies
    Rush Limbaugh.com ^ | April 3, 2015 | Rush Limbaugh
    RUSH: It is amazing, folks. It's once again amazing how we were blatantly lied to in January and February about the unemployment numbers and the overall economy. Blatantly lied to. And we're being blatantly lied to about whatever or not is happening in this Iranian deal to boot. JOHNNY DONOVAN: And now, from sunny south Florida, it's Open Line Friday! RUSH: And, of course, the piece de resistance, we are being lied to about what's happening in Indiana. Every day, every day we have to devote time here to straightening out the lies that are told by the Democrat Party...
  • Americans just aren't spending

    04/01/2015 11:27:12 AM PDT · by Lorianne · 30 replies
    CNN ^ | sometime around the end of March 2015 | Paul R. La Monica
    Consumer spending is often called an engine of the United States economy. That engine may be about to blow a gasket. Consumers are sitting on their wallets. The government reported Monday that personal consumption expenditures -- aka consumer spending -- rose just 0.1% in February. That follows two months of declines of 0.2%. It comes at a time when people actually do have a little bit more money to spend. In the same report, the government said disposable personal incomes rose 0.4% in February, after rising 0.5% in January and 0.3% in December.
  • Ex OMB chief Stockman: "It is the biggest speculative disaster in human history."

    03/31/2015 7:59:48 PM PDT · by concernedcitizen76 · 52 replies
    Zero Hedge ^ | March 01, 2015 | Tyler Durden
    David Alan Stockman interviewed on CBS-TV 60 Minutes (October 2010) Highlights of recent interview by Harry Dent. David Stockman: People don't want to hear the reality and the truth that we're facing. But I think there is an enormous appetite out in the country to get a different perspective than what you have from the media day in and day out, so I say the fed is out of control. Its balance sheet is exploded. It's printing money like never before. Zero interest rates for 70 months have basically destroyed the pricing function in the financial markets. I said...
  • Underwater Homeowners "Here To Stay" Zillow Says

    03/21/2015 7:16:01 PM PDT · by Lorianne · 33 replies
    Zero Hedge ^ | 20 March 2015 | Tyler Durden
    A few weeks back we commented on the rather disturbing news that repeat foreclosures jumped in January: (link at source) Now, a new report from Zillow seems to offer further evidence that the US housing market may not be the picture of health after all (as if we needed more proof after housing starts cratered 17% in February). The percentage of homeowners underwater in the US was flat from Q3 to Q4 which doesn’t sound all that terrible until you consider that this figure had fallen for 10 consecutive quarters. Things look particularly bad in Florida and the midwest where...
  • Economist Tells Congress: U.S. May Be in ‘Worse Fiscal Shape’ Than Greece

    03/10/2015 3:11:57 PM PDT · by Jan_Sobieski · 86 replies
    CNSNews.com ^ | 03/09/2015 | Barbara Hollingsworth
    (CNSNews.com) -- The U.S. has a $210 trillion “fiscal gap” and “may well be in worse fiscal shape than any developed country, including Greece,” Boston University economist Laurence Kotlikoff told members of the Senate Budget Committee in written and oral testimony on Feb. 25. “The first point I want to get across is that our nation is broke,” Kotlikoff testified. “Our nation’s broke, and it’s not broke in 75 years or 50 years or 25 years or 10 years. It’s broke today. "Indeed, it may well be in worse fiscal shape than any developed country, including Greece," he said. (See...
  • The US recovery story is a fraud: SocGen bear

    02/27/2015 1:41:27 PM PST · by Lorianne · 3 replies
    CNBC ^ | 26 February 2015 | Matt Clinch
    Societe Generale's notoriously bearish strategist, Albert Edwards, has poured scorn on the belief that the U.S. economy is recovering and predicts "violent" reactions in asset markets during the second half of 2015. "The downturn in U.S. profits is accelerating and it is not just an energy or U.S. dollar phenomenon – a broad swathe of U.S. economic data has disappointed in February," he said in a research note published Thursday. U.S. indexes have continued to hit all-time highs this year and the Nasdaq is also looking to break through a level last seen at the peak of the tech bubble...
  • Billionaire Tells Americans to Prepare For 'Financial Ruin'

    02/26/2015 11:05:29 AM PST · by Ghost of SVR4 · 24 replies
    NewsMax ^ | Feb 25 2015 | Newsmax Wires
    In a recent interview for his book Aftershock, Wiedemer says, “The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting as soon as next year.” When the host questioned such wild claims, Wiedemer unapologetically displayed shocking charts backing up his allegations, and then ended his argument with, “You see, the medicine will become the poison.” The interview has become a wake-up call for those unprepared (or unwilling) to acknowledge an ugly truth: The country’s financial “rescue” devised in Washington has failed miserably.
  • Billionaires Dumping Stocks, Economist Knows Why

    02/26/2015 12:18:13 PM PST · by Citizen Zed · 52 replies
    newsmax ^ | 2-26-2015
    A handful of billionaires are quietly dumping their American stocks . . . and fast. Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods. Buffett’s holding company, Berkshire Hathaway, has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced its overall stake in “consumer product stocks” by 21%. Berkshire Hathaway also sold...
  • Gallup CEO: I May “Suddenly Disappear” For Telling Truth About Obama (Video)

    02/08/2015 10:18:53 AM PST · by Reverend Saltine · 47 replies
    TheGatewatPundit.com ^ | February 8, 2015 | Jim Hoff
    Gallup CEO: I May “Suddenly Disappear” For Telling Truth About Obama Unemployment Rate (Video) Gallup CEO Jim Clifton told CNBC he might “suddenly disappear” for telling the truth about the Obama unemployment rate. The real Obama unemployment rate has never recovered and is still above 10%. unemployment obama Wall Street on Parade reported: Years of unending news stories on U.S. government programs of surveillance,rendition and torture have apparently chilled the speech of even top business executives in the United States. Yesterday, Jim Clifton, the Chairman and CEO of Gallup, an iconic U.S. company dating back to 1935, told CNBC that...
  • Gallup CEO: "America's 5.6% Unemployment Is One Big Lie"

    02/03/2015 9:49:47 AM PST · by SeekAndFind · 36 replies
    Zero Hedge ^ | 02/03/2015 | Tyler Durden
    The biggest threat to a corrupt regime is when truth moves away from the "conspiracy theory" fringes and into the mainstream. Which is why we thank Jim Clifton, Chairman and CEO of Gallup, for daring to tell the truth to those who care to listen.Posted first on LinkedInThe Big Lie: 5.6% UnemploymentHere’s something that many Americans -- including some of the smartest and most educated among us -- don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.Right now, we’re hearing much celebrating from the media, the White House and Wall Street...