Free Republic 3rd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $78,106
88%  
Woo hoo!! And now less than $9.9k to go!! Let's git 'er done!! Thank you all very much!!

Keyword: economy

Brevity: Headers | « Text »
  • 'I See A Labor Market That Is Looking Hotter And Hotter'

    09/02/2015 9:18:05 AM PDT · by blam · 19 replies
    BI ^ | 9-2-2015 | Myles Udland
    Myles UdlandSeptember 2, 2015Deutsche Bank's Torsten Sløk thinks the labor market is more than strong enough to justify interest rate hikes from the Federal Reserve In an email on Wednesday, Sløk writes that he continues to talk to clients who don't believe the US economy is anything other than weak, "not good," or on the verge of recession. But the indicators Sløk is looking at show nothing of the sort. In fact, the opposite. Last week, we highlighted charts from Sløk that showed, to him, an economy picking up steam. On Wednesday, Sløk turned his focus to the labor market,...
  • Gartman Does it Again: Stocks Set To Surge As Newsletter Bulls Hit 6 Year Low

    09/02/2015 7:05:25 AM PDT · by blam · 2 replies
    Zero Hedge ^ | 9-2-2015 | Tyler Durden
    Tyler Durden 09/02/2015 If there is one thing more or less guaranteed to create a bullish scenario for stocks, it is the sudden flip-flop of world-renowned newsletter writer Dennis Gartman once again to a short-of-stocks position. Worse still, his fellow newsletter writers, according to AAII, have not been this 'unbullish' since the trough in March 2009. Of course, what many are missing this morning isd 120 points of The Dow's gains are due to the panic-intervention by The BoJ at last night's Japan open...Gartman: "Full-fledged bear market"... Long of tanker stocks, derivatives-hedged to a short overall equity position...(snip)
  • Futures Are Rallying After An Ugly Start To The Month

    09/02/2015 5:38:17 AM PDT · by blam · 4 replies
    BI ^ | 9-2-2015 | Akin Oyedele
    Akin OyedeleSeptember 2, 2015US stocks are rebounding after a very ugly start to the month. Near 7:50 a.m. ET, Dow futures were up 109 points, S&P 500 futures were up 12 points, and Nasdaq futures were up about 28 points. Stocks had the worst start to September in 13 years, and this is historically the weakest month of the year for US equities. On Tuesday, the three major indexes fell nearly 3%, and the S&P 500 dropped back into correction, defined as a 10% decline from recent highs. Experts pointed, again, to concerns that the world economy is slowing down...
  • China Slowdown Hits U.S. Factories, Tests Fed’s Resolve [U.S. MANUFACTURING HIT BY FALLING EXPORTS]

    09/02/2015 4:17:17 AM PDT · by expat_panama · 29 replies
    Investors Busniness Daily ^ | 09/01/2015 | ANDREA RIQUIER
    Manufacturing indexes hit multiyear lows in the U.S. and China, exacerbating global growth concerns and roiling markets again as the Federal Reserve enters the home stretch toward deciding whether to raise interest rates for the first time in nearly a decade. The S&P 500 fell 3% Tuesday, dashing hopes that the market had stabilized after plunging early last week. Official data from China showed a factory sector in contraction for the first time since the winter and at its lowest in three years — fresh evidence that the world's No. 2 economy is downshifting much faster than the government...
  • Chinese Stocks Just Staged A Dramatic U-turn

    09/02/2015 3:22:03 AM PDT · by blam · 24 replies
    BI ^ | 9-2-2015 | David Scutt, Business Insider Australia
    David ScuttSeptember 2, 2015In what was another wild session, Chinese stocks finished the trading week mixed, disappointing those who had been expecting a mammoth market rally before the nation breaks for a two-day holiday to commemorate the 70th anniversary of the end of World War II. The benchmark Shanghai Composite index finished the day at 3155.04 points, a decrease of 0.37%. Earlier in the session the index was down more than 4% before staging a miraculous late rally into the close, yet again. The 5-minute chart below tells the story. SSEC Sept 2Investing.com All sectors bar financials and utilities closed...
  • Volatile Dow sheds nearly 500 points - Economic indicators suggest 'more to come'

    09/01/2015 9:39:23 PM PDT · by Perseverando · 11 replies
    WND ^ | September 1, 2015 | Jerome Corsi
    NEW YORK – On Tuesday, the Dow Jones Industrial Average resumed posting losses in the hundreds of points, dropping briefly in late afternoon trading under the threshold 16,000 level. The Dow closed at 16,058.35, having rebounded from market lows, but still 469.68 points down. Canada announced Tuesday the Canadian economy shrank at an annual rate of 0.5 percent in the second quarter, following a 0.8 percent decline in the first three months of the year, qualifying as a recession. Meanwhile, China’s official manufacturing purchasing-managers index fell to 49.7 in August from 50 in July, marking its lowest level since August...
  • Statistician: Data proves biblical financial collapse - 'In September, we can expect something....

    09/01/2015 9:31:18 PM PDT · by Perseverando · 53 replies
    WND ^ | September 1, 2015 | Leo Hohmann
    Get ready – because the best of times are over and the worst of times may have just begun. That is the assessment of an Israeli mathematician who has studied the biblical Shemitah cycle as it applies to the financial markets. Thomas Pound is an educator and mathematician who applies his statistical wizardry to the markets. The Dow fell another 468 points, or 3 percent, Tuesday, providing fresh evidence for investors the sell-off which began in August was no mirage. It is likely to continue in September. Only eight more trading days remain until the dreaded Elul 29, which...
  • STOCKS GET CRUSHED (-470): Here's What You Need To Know

    09/01/2015 1:07:17 PM PDT · by blam · 82 replies
    BI ^ | 9-1-2015 | Myles Udland
    Myles UdlandSeptember 1, 2015It was an ugly day for the markets, as each of the major US indexes dropped nearly 3% to start September, which is traditionally the weakest month of the year for the stock market. Oil got slammed on Tuesday, falling 8% with West Texas Intermdiate crude prices falling back near $45 a barrel after a 30% run-up in just 3 days saw WTI erase most all of its August losses. Stocks started the day deep in the red and the selling pressure hardly relented at all into the closing, sending stocks out on their lows for the...
  • SEPTEMBER STOCKS START SOUR DOW -470

    09/01/2015 1:02:51 PM PDT · by SkyPilot · 34 replies
    Drudge Report ^ | 1 Sep 15 | Matt Drudge
    http://drudgereport.com/ Here we go again......
  • The World Fiat Economy - Living on borrowed time?

    09/01/2015 8:58:35 AM PDT · by citizen · 38 replies
    Seeking Alpha ^ | Aug. 18, 2011 | Nick Barisheff
    I read decades ago that the average life expectancy of a fiat economy is about 40 years. I searched and quickly found this article titled "Gold and Fiat Currency: 40 Years Later," a four-year old article dealing with the ill-advised decision to have the world's reserve currency dump the gold standard.The US economy and those of the world in general is at or is fast approaching that life span of about 40 years. These economies are moving at different speeds and thus are of differing maturities but one thing is common. Too many of them rely on some form of...
  • Obama Fixates On Climate, Ignores Faltering Economy

    09/01/2015 6:11:25 AM PDT · by SeekAndFind · 14 replies
    IBD ^ | 09/01/2015
    Anyone who studied U.S. history remembers Seward's Folly — America's purchase of Alaska by then-Secretary of State William H. Seward. Today in the 49th state, the president is carrying out folly of his own. Russia's price tag for Alaska in 1867 was $7.2 million — or 2 cents an acre for a land area twice the size of Texas. At the time, it was seen as an inflated price, but Alaska was soon recognized as strategically important for national security and rich with natural resources — first gold, then oil and gas. Obama's in Alaska for three days not to...
  • Global Markets Are Melting Down

    09/01/2015 5:12:49 AM PDT · by blam · 69 replies
    BI ^ | 9-1-2015 | Sam Ro
    Sam Ro September 1, 2015 futures - Finviz Global markets are getting smoked again. Dow futures are down 315 points, S&P 500 futures are down 40 points, and Nasdaq futures are down 93 points. It's a bloodbath in Europe, with Britain's FTSE, Germany's DAX, France's CAC 40, and Spain's IBEX all down by more than 2%. Asian markets closed deep in the red, with Japan's Nikkei plunging 3.8%, Hong Kong's Hang Seng falling 2.2%, and China's Shanghai Composite tumbling 1.3%. Here's a quick roundup of the key headlines we've gotten since US markets closed on Monday. (snip)
  • Woman, 80, trampled to death in Venezuelan supermarket stampede

    08/31/2015 6:28:13 PM PDT · by Kartographer · 134 replies
    An 80-year-old Venezuelan woman died, possibly from trampling, in a scrum outside a state supermarket selling subsidized goods, the opposition and media said on Friday. The melee at the store in Sabaneta, the birthplace of former Venezuelan leader Hugo Chavez, was the latest such incident in the South American nation where economic hardship and food shortages are creating long queues and scuffles. The opposition Democratic Unity coalition said Maria Aguirre died and another 75 people were injured – including five security officials – in chaotic scenes when National Guard troops sought to control a 5,000-strong crowd with teargas. “Due to...
  • Dow posts worst August decline in 17 years

    08/31/2015 5:02:31 PM PDT · by SkyPilot · 25 replies
    Market Watch ^ | 31 Aug 15 | Mark Decambre
    The month of August can be pretty rough for stock investors. But this August has earned its place in the record books, as stocks were unsettled by uncertainty over the state of affairs in the world’s second largest economy, China. As far as Augusts go, this has been the worst in nearly two decades for the Dow Jones Industrial Average DJIA, -0.69% The Dow posted a roughly 6.4% decline in August, which marked the worst month in more than five years for the market gauge, which tracks the performance of 30 stocks. Comparing the month with other Augusts, the blue-chip...
  • China Crisis: China GDP Numbers Don’t Add Up, And That's A Problem For Anyone Doing Business There

    08/31/2015 1:44:51 PM PDT · by SeekAndFind · 14 replies
    International Business Times ^ | 08/31/2015 | By Angelo Young
    China’s official government statistics often raise eyebrows, whether it’s the health of state-owned enterprises run by bureaucrats or national unemployment figures that ignore up to 300 million internal migrant workers. But as the world's second-largest economy slows and threatens to drag the rest of the world with it, Beijing’s official gross domestic product numbers are once again under scrutiny inside and outside the country. Chinese billionaire, real estate magnate and Communist Party member Wang Jianlin was the most recent critic to tell Beijing to get real about growth. Jianlin's holdings include a stake in Spanish football club Atlético Madrid and...
  • Rattled investors brace for big week as Federal Reserve considers rate increase

    08/31/2015 3:55:28 AM PDT · by expat_panama · 10 replies
    The Guardian ^ | Sunday 30 August 2015 | Rupert Neate
    After a tumultuous week on the world’s stock markets, investors will be focused on Wall Street Monday ahead of another set of economic reports likely to steer the Federal Reserve’s decision on whether to raise interest rates for the first time in almost a decade. The markets open Monday as investors digest news that the Fed is still actively considering a September rate hike. In a speech on Saturday, Stanley Fischer, the vice-chair of the Fed’s Board of Governors, suggested inflationary pressures could soon lead to an increase. His comments are likely to add to the volatility of already skittish...
  • Hundreds arrested as Beijing launches stock market crackdown

    08/31/2015 3:04:01 AM PDT · by SkyPilot · 15 replies
    CNN Money ^ | 31 Aug 15 | CNN staff
    Chinese authorities have arrested nearly 200 people for alleged online rumor-mongering about China's stock market turmoil and a recent, deadly chemical factory explosion in Tianjin. Among the arrested is Wang Xiaolu, a journalist for financial publication Caijing Magazine, "who has been placed under 'criminal compulsory measures' for suspected violations of colluding with others and fabricating and spreading fake information on securities and futures market," according to Chinese state media. Government officials have also been placed under arrest, including Liu Shufan, an official with the China Securities Regulatory Commission, who has been accused of bribery, fraud and completing under-the-table deals. At...
  • It looks like China is through propping up its stock market

    08/31/2015 1:40:56 AM PDT · by TigerLikesRooster · 25 replies
    Business Insider ^ | Aug. 31, 2015 | David Scutt
    It looks like China is through propping up its stock market David Scutt, Business Insider Australia China’s government, through financial intermediaries, was actively supporting the nation’s stock market through large-scale purchases late last week, but it’s unlikely to last. According to the Financial Times, the government has apparently abandoned plans to boost stocks through continued widespread buying, instead focusing its attention on punishing those suspected of destabilizing stocks in order to boost flagging investor confidence. “China’s leaders feel they mishandled the stock market rescue efforts by allowing too much information to become public” stated the FT, citing a leaked document...
  • How China used more cement in 3 years than the U.S. did in the entire 20th Century

    08/30/2015 7:11:45 PM PDT · by Lorianne · 44 replies
    Washington Post ^ | 24 March 2015 ??? | Ana Swanson
    How China used more cement in 3 years than the U.S. did in the entire 20th Century China used more cement between 2011 and 2013 than the U.S. used in the entire 20th Century. It’s a statistic so mind-blowing that it stunned Bill Gates and inspired haiku. But can it be true, and, if so, how? Yes, China’s economy has grown at an extraordinary rate, and it has more than four times as many people as the United States. But the 1900s were America’s great period of expansion, the century in which the U.S. built almost all of its roads...
  • Law of Unintended Consequences: New EU Tax Laws Force Thousands of Businesses to Close

    08/28/2015 11:09:42 AM PDT · by george76 · 23 replies
    Breitbart News Network ^ | 28 Aug 2015 | Donna Rachel Edmunds
    Law of Unintended Consequences: New EU Tax Laws Force Thousands of Businesses to Close in Just Six Months { Full title ]. New European Union tax rules introduced in January have already driven thousands of small companies out of business, with thousands more set to follow as awareness of the change in the VAT law grows. Research has shown that incompetence on the part of collecting agencies has further added misery to the situation. After an eight-year consultation which excluded the voices of micro-businesses, the EU introduced new rules on VAT returns at the beginning of this year, which required...
  • GE rules out relocation to Dallas because of Texas politicians’ views, report says

    08/30/2015 8:07:02 AM PDT · by 2ndDivisionVet · 51 replies
    The Dallas Morning News ^ | August 29 2015 | Michael A. Lindenberger
    Neither Dallas Mayor Mike Rawlings nor officials from General Electric would confirm on Friday reports that General Electric Co. had decided against relocating its global headquarters to the city because of Texas politicians’ opposition to the Export-Import Bank. Republicans Rep. Jeb Hensarling and Sen. Ted Cruz have each been outspoken in their opposition to the Ex-Im Bank, a federal agency that offers loans, loan guarantees and credit insurance to help U.S. firms sell their products overseas. Hensarling’s opposition to the bank has grown from a small movement two years ago to a full-scale rebellion, dismaying the bank’s supporters among major...
  • How farmers from rural China bet on the stock market and lost

    08/30/2015 7:02:14 AM PDT · by SkyPilot · 18 replies
    The Washington Post ^ | 29 Aug 15 | Emily Rauhala
    Nobody has seen the village chief. Just months ago, his courtyard home at the edge of the orchard was a makeshift trading floor where local farmers gathered to share tips and track the Shanghai Composite. Now, the gates are closed, a security camera stands watch, and nobody wants to talk about the stock-trading local party secretary. “Out for the whole day,” ventured a neighbor. “Who?” said another. “Maybe he flew away in a plane,” joked a third. It is a scene playing out across China. This spring, the country was gripped by stock fever, a frenzy of borrowing and...
  • The US Economy: Things are good and slowly getting better

    08/30/2015 6:53:48 AM PDT · by SeekAndFind · 31 replies
    Business Insider ^ | 08/30/2015 | Myles Udland
    The US economy continues to grow at a modest, steady rate. And this is great news. Over the last year and a half, the economic story in the US has been the same: a disappointing start to the year followed by a rebound that overall indicates the economy is growing a bit more than 2% per year. This week, we saw extreme volatility in the US stock market.And while these wild price swings made headlines, the most important news of the week came Thursday morning, when we learned that the US economy grew 3.7% in the second quarter, better than...
  • Enraging industry, labor board asserts its power under Obama

    08/29/2015 11:27:35 PM PDT · by Cincinatus' Wife · 16 replies
    The Hill ^ | August 29, 2015 | Tim Devaney
    The National Labor Relations Board (NLRB) has become a lightning rod for controversy under President Obama, with its aggressive actions fueling sustained warfare between business and labor. From the labor board’s bitter fight with Boeing, to the creation of new union election rules, the NLRB has repeatedly moved to the forefront of political debate, drawing in Congress, the White House and even the Supreme Court. The NLRB’s latest bombshell was dropped on Thursday, when the board determined the waste management agency Browning-Ferris should be considered a “joint employer” of temporary workers. The decision expands the definition of what it means...
  • The Democratic Party Adopts $15/hour Minimum Wage into National Platform

    08/29/2015 10:09:00 PM PDT · by TigerClaws · 53 replies
    The Democratic Party on Friday adopted a call to raise the minimum wage to $15/hr as part of their established party platform heading into the 2016 election season. The move further polarizes the progressive wing of the party by moving them further to the left of both the Republican Party, and corporate centrist Democrats such as Hillary Clinton. In response to the Democratic Party’s vote, Terrence Wise, a Kansas City, Mo. McDonald’s and Burger King Worker and member of the National Organizing Committee of the Fight for $15, issued the following statement.
  • Woman, 80, trampled to death in Venezuelan supermarket stampede

    08/29/2015 9:12:30 PM PDT · by Kartographer · 27 replies
    An 80-year-old Venezuelan woman died, possibly from trampling, in a scrum outside a state supermarket selling subsidized goods, the opposition and media said on Friday. The melee at the store in Sabaneta, the birthplace of former Venezuelan leader Hugo Chavez, was the latest such incident in the South American nation where economic hardship and food shortages are creating long queues and scuffles.
  • Lies You Will Hear As The Economic Collapse Progresses

    08/29/2015 3:04:20 AM PDT · by HomerBohn · 57 replies
    SHTF Plan ^ | 8/27/2015 | Brandon Smith
    It is undeniable; the final collapse triggers are upon us, triggers alternative economists have been warning about since the initial implosion of 2008. In the years since the derivatives disaster, there has been no end to the absurd and ludicrous propaganda coming out of mainstream financial outlets and as the situation in markets becomes worse, the propaganda will only increase. This might seem counter-intuitive to many. You would think that the more obvious the economic collapse becomes, the more alternative analysts will be vindicated and the more awake and aware the average person will be. Not necessarilyÂ… In fact, the...
  • Scott Walker touts $4.7 billion in tax cuts. Is he right?

    08/29/2015 1:55:00 AM PDT · by Cincinatus' Wife · 22 replies
    Politifact ^ | August 28, 2015 | Lucas Daprile
    "..."By the end of this budget I’m in right now, taxes will have been cut $4.7 billion in my state," Walker said in the Aug. 17, 2015 interview. Last year, we checked a claim from Walker that tax cuts for his first term tallied $2 billion. We rated that True, based on numbers from the nonpartisan Legislative Fiscal Bureau, which is considered the gold standard on state fiscal matters. Now that some time has passed, and the boasted-about number is $2.7 billion larger, we thought we’d do some updated bean counting. $4.7 billion We recently dealt with the tax-cut picture...
  • 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 Great Fall of China

    08/28/2015 6:44:22 AM PDT · by TigerLikesRooster · 5 replies
    Economist ^ | Aug 29th 2015
    The Great Fall of China Fear about China’s economy can be overdone. But investors are right to be nervous Aug 29th 2015 | From the print edition ONCE the soundtrack to a financial meltdown was the yelling of traders on the floor of a financial exchange. Now it is more likely to be the wordless hum of servers in data centres, as algorithms try to match buyers with sellers. But every big sell-off is gripped by the same rampant, visceral fear. The urge to sell overwhelms the advice to stand firm. Stomachs are churning again after China’s stockmarket endured its...
  • A Fading Campaign - Scott Walker’s no-good month

    08/28/2015 1:15:16 AM PDT · by Cincinatus' Wife · 46 replies
    Weekly Standard ^ | September 7, 2015 issue | John McCormack
    "...Is Walker’s dive a temporary blip or a sign of deeper problems with the candidate? The case for calm is fairly strong. There are five months and five more debates left until anyone must settle on a candidate. Trumpmania has overtaken the entire GOP field, not just Walker...[who] continues to lay the groundwork for long-term victory:..Yuval Levin,a leading conservative reformer,called “the most substantively and politically serious conservative health care reform we have yet seen from a presidential candidate.” There’s still hope for Walker that when the dust settles he’ll be the candidate left standing who can unite a fractious party.......The...
  • Former Fed Official’s Sage Comments: Investors ‘hooked on the heroin of quantitative easing’

    08/27/2015 6:37:53 PM PDT · by SkyPilot · 13 replies
    Economic Collapse News ^ | 26 Aug 15 | Andrew Moran
    Former Dallas Federal Reserve President Richard Fisher made sound remarks when discussing the current market meltdown with CNBC on Tuesday. Although he is incorrect in his assertion that the United States central bank will do what’s right for the national economy and avoid monitoring daily activity reports, he was right that investors are addicted to easy money from quantitative easing, otherwise known as QE. “I don’t think there is a single member of the FOMC that’s going to react to one day’s market activity,” Fisher told the business news outlet. “Nobody on that committee would like to see that continue,...
  • This Is The Start Of The Selloff, Not The End

    08/27/2015 3:15:14 PM PDT · by blam · 40 replies
    BI - Bonner And Partners ^ | 8-27-2015 | Bill Bonner
    Bill Bonner, Bonner and Partners August 27, 2015BALTIMORE, Maryland – Is Donald Trump broke yet? We don’t know. But at the end of the first quarter, investors held about $24 trillion in stocks. Stock prices are down about 10% since then… leaving the rich $2.4 trillion less rich. Government bonds have generally gone up. Junk-grade corporate bonds have gone down. And real estate? It takes longer to react. Real estate is not “marked to market” immediately. Buyers and sellers discover prices slowly. Phony WealthThe “wealth” created in Stage III of the U.S. credit boom was largely phony. It came as...
  • U.S. economy looks much stronger after upward revision to GDP report

    08/27/2015 9:53:55 AM PDT · by lowbridge · 11 replies
    marketwatch.com ^ | august 27, 2015 | greg robb
    The U.S. economy looks much more vigorous in the second quarter than previously thought, as a report released Thursday showed businesses got off the sidelines and spent some money. The acceleration in business investment, if it’s sustained, could add to the economy’s momentum in the months ahead. The data show why the Federal Reserve is considering hiking interest rates at its next meeting in September. The U.S. economy grew at a faster 3.7% annual pace in the second quarter, up from the initial estimate of growth at a 2.3% clip, the Commerce Department said Thursday. Economists polled by MarketWatch forecast...
  • GOLDMAN SACHS: Chinese Economic Growth Is About To Accelerate

    08/27/2015 9:52:12 AM PDT · by blam · 16 replies
    BI ^ | 8-27-2015 | David Scutt
    David Scutt, Business Insider Australia August 26, 2015 The outlook for Chinese economic growth is not as bad as some commentators are suggesting, and while it is uncertain, it is certainly not collapsing. The view presented by Goldman Sachs' portfolio strategy research team, in a note released earlier this week, suggests that Chinese economic growth will recover in the final quarter of this year on the back of flexibility with fiscal, monetary, and reform policy. Here's Goldman on the recent slowdown in China's growth momentum: China growth has slowed meaningfully in recent months, as evidenced by the disappointing official data,...
  • In Stock Market, The Price - Not Speed - Is Right [MARKETS CRASH, DEAL WITH IT]

    08/27/2015 4:06:11 AM PDT · by expat_panama · 34 replies
    Investors Busniness Daily ^ | 08/26/2015 | STEPHEN PORPORA
    As long as execution "speed," not execution "price," is the master of our electronic equity markets, no one should lament the mind-bending volatility. As long as computerized algorithms price intraday downdrafts after the opening, TV talking heads will express their dismay. As long as there are very few orders on a centralized book and Dodd-Frank has killed the traditional risk-taking market makers and big trading desks, there will continue to be no counter side liquidity in our markets, and dramatic flash meltdowns will continue causing the public to lose confidence in our markets. And that is the real problem. Throughout...
  • CNN Tells Americans That The Stock Market Is Not Going To Crash

    08/26/2015 4:45:15 PM PDT · by SkyPilot · 26 replies
    The Economic Collapse ^ | 26 Aug 15 | Michael Snyder
    On Wednesday we witnessed the third largest single day point gain for the Dow Jones Industrial Average ever. That sounds like great news until you realize that the two largest were in October 2008 – right in the middle of the last financial crisis. This is a perfect example of what I wrote about yesterday. Every time the market crashes, there are huge up days, huge down days and giant waves of market momentum. Even though the Dow was up 619 points on Wednesday, overall we are still down more than 2,000 points from the peak of the market....
  • STOCKS GO NUTS, DOW GAINS 620

    08/26/2015 1:29:03 PM PDT · by blam · 61 replies
    BI ^ | 8-26-2015 | Myles Udland
    Myles Udland August 26, 2015The rally stuck. After markets surged early on Wednesday, the market started to give up its gains and a replay of Tuesday's action — when the Dow gained more than 400 points but closed down 200 — seemed in the cards. But in the final hour of trading stocks rocketed higher, finishing near their highest levels of the day. On a points basis, this was third-largest daily gain for the Dow ever, while the S&P 500 had its best day since November 2011. But the main story of markets in recent weeks — which is that...
  • It's The Final Meltdown...(economic collapse)

    08/26/2015 12:33:19 PM PDT · by SatinDoll · 20 replies
    The Market-Ticker ^ | August 28, 2015 | Karl Denninger
    Oh yes, remember the banks cleaned up their balance sheets and closed all those pesky derivative trades.... Right? "NEW YORK – This spring, traders and analysts working deep in the global swaps markets began picking up peculiar readings: Hundreds of billions of dollars of trades by U.S. banks had seemingly vanished." “We saw strange things in the data,” said Chris Barnes, a former swaps trader now with ClarusFT, a London-based data firm." Except.... they didn't vanish. They went overseas, but are still there. Just remember, it was CDS and IR products that blew up the world last time, and you...
  • GM's Ignition Switch Findings: 124 Deaths, 275 Injuries

    08/26/2015 6:28:31 AM PDT · by Zakeet · 25 replies
    Car Connection ^ | August 25, 2015 | Richard Read
    For more than a year, Ken Feinberg and his team have had the grim task of sorting through thousands of claims against General Motors, all of which allege that the company's faulty ignition switches led to injury or death. The last claims were filed on January 31, and now, nearly seven months later, Feinberg has finished assessing them all. [Snip] 399 claims were approved. Of that number: 124 were approved for death 17 were approved for serious injury 258 were approved for other injuries Though GM had put no cap on the Fund, the automaker estimated that it would make...
  • Markets Are Surging

    08/26/2015 5:53:35 AM PDT · by blam · 20 replies
    BI ^ | Myles Udland
    Myles Udland August 26, 2015 For the second day in a row, US stock futures are surging. Near 7:15 a.m. ET, Dow futures were up 300 points, S&P 500 futures were up 39 points, and Nasdaq futures were up 84 points. Wednesday morning's rally in US futures follows an ugly day on Tuesday, which saw stocks rally sharply early in the day before a huge sell-off in the final hour of trading. All told, the Dow fell more than 600 points from its peak on Tuesday to the market close. On Tuesday, all three major US indexes closed in the...
  • US Federal Reserve still expected to raise interest rates

    08/26/2015 5:12:03 AM PDT · by expat_panama · 48 replies
    The Irish Times ^ | Wed, Aug 26, 2015 | Simon Carswell
    China’s stuttering economy might come more strongly into view from the Rocky Mountains at this week’s Jackson Hole meeting of central bankers following the chaos in the stock markets. Many economists still expect the Federal Reserve to stay the course and start raising interest rates this year. Despite the wild see-sawing of US stocks after China’s “Black Monday” meltdown, the bet is on the central bank to move soon and start weaning the US off rates that have stayed near zero since 2008. The annual policy conference in the Grand Teton National Park in Wyoming, starting onon Thursday, has traditionally...
  • It Is Time To Kick Prepping Into Overdrive, Because This Stock Market Crash Is Just The Beginning

    08/25/2015 6:54:50 PM PDT · by SkyPilot · 114 replies
    News with Views, End of the American Dream ^ | 24 Aug 15 | Chuck Baldwin, Michael Snyder
    If you have not been preparing for what is coming, you need to get off your sofa and you need to start prepping right now. Just remember what happened back in 2008. That crisis took most people totally by surprise. Millions of Americans lost their jobs, and because most of them were living paycheck to paycheck, all of a sudden most of them couldn’t pay the rent or the mortgage either. Large numbers of families that were once living a comfortable middle class lifestyle suddenly found themselves destitute. Well, this coming crisis is going to be even worse by...
  • As Minimum Wages Rise, Restaurants Say No to Tips, Yes to Higher Prices

    08/25/2015 5:54:35 PM PDT · by Theoria · 38 replies
    The New York Times ^ | 23 Aug 2015 | Patricia Cohen
    Restaurant owners, customers and staff have long railed against the tyranny of tipping, but like a love affair gone bad, it has proved difficult to quit.Now, prompted by a spurt of new minimum wage proposals in major cities, an expanding number of restaurateurs are experimenting with no-tipping policies as a way to manage rising labor costs.Here in Seattle, where the first stage of a $15-an-hour minimum wage law took effect in April, Ivar’s seafood restaurants switched to an all-inclusive menu. By raising prices 21 percent and ending tipping, Bob C. Donegan, the president and co-owner, calculated he could increase everyone’s...
  • MARKET RALLY EVAPORATES: Here's What You Need To Know (Dow Down 205)

    08/25/2015 1:32:19 PM PDT · by blam · 32 replies
    BI ^ | 8-25-2015 | Myles Udland
    Myles Udland August 25, 2015 Stocks had another brutal day on Tuesday, closing in the red after a furious rally early in the day was completely erased in the final hour of trading. On Tuesday morning, the Dow was up as many as 420 points in a big bounce after Monday's 588-point loss. The S&P 500 and Nasdaq were also up nearly 3% early on Tuesday. The market, however, couldn't hold onto its gains in a disappointing close, and when all was said and done, the Dow finished about 600 points off its highs while the S&P had its biggest...
  • How Trump could get the Economy Going: A glimpse of the bare bones of his economic plan

    08/25/2015 7:01:12 AM PDT · by SeekAndFind · 13 replies
    American Thinker ^ | 08/25/2015 | By Howard Richman & Raymond Richman
    The Dow Industrial Average fell by 358 points on Thursday and 531 points on Friday. Yesterday, after plunging more than a thousand points, it recovered to a “mere” 588 point loss. Economic growth has been slow, and another recession appears to be on the horizon. Could a President Donald Trump get the economy going again? So far he has only laid out the bare bones of his economic plan. But it has the makings of an excellent program. Balancing Trade First and foremost, he plans to negotiate balanced trade agreements and even threatens taxes on imports as a way to...
  • Wall Street set to bounce after historic selloff

    08/25/2015 6:15:14 AM PDT · by expat_panama · 52 replies
    Yahoo Finance ^ | Aug 25, 2015 | Jenny Cosgrave
    U.S. stock index futures pointed to a sharply higher open on Tuesday, recovering from the plunge seen in global stocks on Monday as mayhem in Chinese markets and interest rate fears dominated markets. Dow futures were up around 450 points in premarket trading, implying a 320 point bounce at the open and shrugging off deeper selling in China. Equity markets in China fell further in the final hour of trading on Tuesday, with the Shanghai Composite (Shanghai Stock Exchange: .SSEC) settling below the key 3,000 mark, to end the day down 7.6 percent. Read More More selling may be ahead,...
  • Agenda for a Freer and More Prosperous America

    08/25/2015 12:40:05 AM PDT · by conservativeread · 14 replies
    Conservative Read ^ | 08-24-2015 | christopher paiva
    There is little that happens in society in general and the market economy in particular that most on the political “left” do not think needs more government intervention, regulation, and redistribution to make “better.” One recent example of this is a lengthy “report” primarily prepared by Nobel Prize-winning economist, Joseph E. Stiglitz, for the Roosevelt Institute. Released in June 2015, Stiglitz and his co-authors present an agenda for, Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity. The “Progressive’s” Agenda for Bigger Government Running for 100 pages, it is based on the premise that markets...
  • Shanghai Comp skids 7.63% to end at 8-month low

    08/25/2015 12:30:49 AM PDT · by TigerLikesRooster · 9 replies
    CNBC ^ | Aug. 25, 2015 | See Kit Tang
    Shanghai Comp skids 7.63% to end at 8-month low See Kit Tang | @SeeKit_T The mayhem in Chinese equity markets showed no signs of abating on Tuesday, with the benchmark Shanghai Composite index accelerating its downfall in the final hour of trading to settle below the key 3,000 mark. Japan's Nikkei 225 index was the second-biggest laggard in the region, closing down 4 percent, after turning negative in the afternoon trading session. Earlier in the session, the Tokyo bourse had staged a comeback, alongside most of the other regional stock indices, on the back of bargain hunting in beaten-down stocks...
  • The Raping of America: Mile Markers on the Road to Fascism

    08/24/2015 11:12:11 PM PDT · by Perseverando · 17 replies
    The Rutherford Institute ^ | August 24, 2015 | John W. Whitehead
    “Freedom is never voluntarily given by the oppressor; it must be demanded by the oppressed.”—Martin Luther King Jr. There’s an ill will blowing across the country. The economy is tanking. The people are directionless, and politics provides no answer. And like former regimes, the militarized police have stepped up to provide a façade of law and order manifested by an overt violence against the citizenry. Despite the revelations of the past several years, nothing has changed to push back against the American police state. Our freedoms—especially the Fourth Amendment—continue to be choked out by a prevailing view among government bureaucrats...