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Keyword: economy

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  • Survey of Consumer Expectations - October 2015 From New York Federal Reserve Bank research

    10/13/2015 12:55:22 PM PDT · by 100American · 1 replies ^ |
    Inflation expectations, as well as median one-year ahead expected growth in the costs of several commodities (food, housing, medical, college education) are all at or near their lowest levels since the start of the survey in June 2013. Median earnings growth and household spending growth expectations decreased sharply from the prior month. Median expected spending growth is more than a percentage point below its June 2015 level and has reached a new series low.
  • Hillary Clinton's Hidden Big Business Agenda Exposed

    10/13/2015 5:01:16 AM PDT · by expat_panama · 11 replies
    Investors Busniness Daily ^ | 10/12/2015 | Editorial
    Regulation: You can bet all the contenders at Tuesday's Democratic presidential debate will say they're the toughest on big business. What they won't say is their own policies favor big business, big time. Bernie Sanders, the self-described socialist who's been attracting big crowds and gaining ground on Hillary Clinton in polls, gave a glimpse of this over the weekend, telling "Meet the Press" how he plans to compare "my consistency and my willingness to stand up to Wall Street corporations, big corporations, with the Secretary." Clinton, meanwhile, has been moving rapidly leftward to shore up support among the party's increasingly...
  • When pensions implode: Silicon Valley’s lesson for New York

    10/12/2015 7:23:00 AM PDT · by SeekAndFind · 32 replies
    New York Post ^ | 10/12/2015 | By Lawrence McQuillan
    San Jose, in the heart of Silicon Valley, is home to eBay, PayPal and Cisco. Yet despite its enormous wealth, a San Jose house right across from a fire station burned down in 2013 because the station lacked fire trucks. This year, police staffing is down in San Jose. Its roads are pocked with potholes. And again, fire engines are mothballed. How is all this possible? The answer is that nearly 25 percent of San Jose’s budget pays for generous pensions — called “defined-benefit” plans — that guarantee retired city workers as much as 90 percent of their former salaries...
  • The Dramatic Decline in World Poverty

    10/12/2015 4:27:48 AM PDT · by expat_panama · 31 replies
    Investors Busniness Daily ^ | 10/09/2015 | MARIAN L. TUPY
    Despite the recent recession in the West, absolute poverty is continuing to retreat in fast-growing developing countries. The escape from poverty that was once limited to the industrialized countries of the West is also happening in "the rest." Unfortunately, many people remain unaware of the dramatic decline in global poverty, let alone the reasons for it. According to an announcement released this week by the World Bank, "less than 10% of the world's population will be living in extreme poverty by the end of 2015." The bank has "used a new income figure of $1.90 per day to define extreme...
  • It’s Getting Harder To Move Beyond A Minimum-Wage Job

    10/11/2015 6:09:16 PM PDT · by 2ndDivisionVet · 35 replies
    FiveThirtyEight ^ | October 8, 2015 | Ben Casselman
    Minimum-wage jobs are meant to be the first rung on a career ladder, a chance for entry-level workers to prove themselves before earning a promotion or moving on to other, better-paying jobs. But a growing number of Americans are getting stuck on that first rung for years, if they ever move up at all. Anthony Kemp is one of them. In 2006, he took a job as a cook at a Kentucky Fried Chicken in Oak Park, Illinois. The job paid the state minimum wage, $6.50 an hour at the time, but Kemp figured he could work his way up....
  • Lower gas prices means no Social Security increase next year (Or V.A., federal retirees, etc.)

    10/11/2015 3:34:22 PM PDT · by 2ndDivisionVet · 77 replies
    The Associated Press ^ | October 11, 2015 | Stephen Ohlemacher
    WASHINGTON (AP) — For just the third time in 40 years, millions of Social Security recipients, disabled veterans and federal retirees can expect no increase in benefits next year, unwelcome news for more than one-fifth of the nation's population. They can blame low gas prices. By law, the annual cost-of-living adjustment, or COLA, is based on a government measure of inflation, which is being dragged down by lower prices at the pump. The government is scheduled to announce the COLA — or lack of one — on Thursday, when it releases the Consumer Price Index for September. Inflation has been...
  • Treasury Sells 3-Month Bills At 0% Yield For First Time Ever

    10/10/2015 4:16:27 PM PDT · by Lorianne · 77 replies
    Zero Hedge ^ | 06 October 2015 | Tyler Durden
    "Investors" are so desperate to hold on to short-term paper that they paid $100 for a 3-month Treasury-bill at today's auction. That is a 0% yield - for the first time ever - lower even than the auction right after Lehman's bankruptcy in Nov 2008. It is probably safe to say that NIRP is next, followed by more negative yields further to the right of the curve, as the US gradually becomes Europe. But don't worry: as Yellen admitted during her healthcare-scare speech, "nominal interest rates cannot go much below zero", just a little.
  • Big Turn-Out For Berlin Anti-TTIP Demonstration (Free Trade Deal)

    10/10/2015 6:05:59 PM PDT · by nickcarraway · 2 replies
    The Local ^ | 10 Oct 2015
    Hundreds of thousands of people rallied on Saturday in the German capital against the massive free-trade accord being negotiated by the European Union and the United States. Responding to a call by a group of political parties, trade unions and environmental and anti-globalisation groups, the demonstrators gathered at Berlin's main train station for a march through the city. Organisers said 250,000 people showed up to the protest, much more than the 50,000 to 100,000 expected to take part. Police said around 100,000 participated in the protest against the Transatlantic Trade and Investment Partnership (TTIP) under negotiation between Washington and Brussels,...
  • Global Financial Wars — What’s Going On?

    10/10/2015 1:20:32 PM PDT · by 100American · 6 replies
    A very interesting and I think true analysis of the Financial aspects of The Big Plan ... Enjoy and look forward as always to your insights...
  • Buried in the Fed minutes is another downgrade to the U.S. economy

    10/10/2015 11:17:56 AM PDT · by Lorianne · 18 replies
    Market Watch ^ | 09 October 2015 | Gregg Rob
    A goal of a 4% economy? That objective, mentioned frequently in the 2016 presidential race, is getting farther away, according to the latest projections from the staff of the Federal Reserve. Minutes of the Fed’s Sept. 16-17 policy meeting disclose the Fed staff further trimmed its assumptions for the rates of productivity and potential growth over the medium term. The minutes did not specifically quantify the new forecast of the Fed’s in-house economists. The Fed staff’s view was already gloomy. A mistaken leak this summer by the U.S. central bank revealed, going into the Fed’s June policy committee meeting, the...
  • Nearly 1,000 People Move From Blue States to Red States Every Day. Here’s Why.

    10/10/2015 8:05:43 AM PDT · by upchuck · 36 replies
    daily signal ^ | October 9, 2015 | Stephen Moore
    The so-called “progressives” love to talk about how their policies will create a worker’s paradise, but then why is it that day after day, month after month, year after year, people are fleeing liberal blue states for conservative red states? The new Census data on where we live and where we moved to in 2014 shows that the top seven states with the biggest percentage increase in in-migration from other states are in order: North Dakota, Nevada, South Carolina, Colorado, Florida, Arizona, and Texas. All of these states are red, except Colorado, which is purple. Meanwhile, the leading exodus states...
  • Obama Wisely Declines to Start a War on Meat

    10/09/2015 7:42:08 AM PDT · by Kaslin · 61 replies ^ | October 9, 2015 | S.E Cupp
    This week, the Obama administration did something uncharacteristically sensible: It declined to urge Americans to eat less meat. Despite the recommendation of a top nutrition advisory panel to use federal agencies to set new dietary guidelines involving fewer cheeseburgers, barbecued ribs and filet mignon -- all in an effort to merely save the planet -- administration officials quietly announced that such new guidelines are not "the appropriate vehicle for this important policy conversation about sustainability." Liberal supporters of kudzu climate change legislation were furious that the president wouldn't take the advice of Scientists-with-a-capital-S -- who are to the left the...
  • IT’S OVER: The 'unicorn' era comes to a screeching halt in Silicon Valley

    10/09/2015 7:46:16 AM PDT · by SeekAndFind · 4 replies
    Business Insider ^ | 10/09/2015 | Maya Kosoff
    The number of private tech companies valued at $1 billion or more has surged so much this year that on average 1.3 so-called unicorn companies have been created every week in 2015, according to data from CB Insights. But now it looks like winter is coming to Silicon Valley. Fortune's Dan Primack went to San Francisco this week and met with a number of people involved with unicorn companies with ballooning valuations. He says the mentality of people in Silicon Valley is starting to change, and people are getting scared. "As in the past, they are nearly unanimous in sentiment,"...
  • One Part of the Economy Is Booming: The Underground/Cash-Only Sector

    10/09/2015 7:59:07 AM PDT · by SeekAndFind · 32 replies
    Of Two Minds ^ | 10/09/2015 | Charles Hugh Smith
    If you make it so burdensome to operate a legit business, then you're basically giving people without big lines of credit and capital few choices but to work in the cash-only underground economy.It won't be much of a surprise to those living outside the Washington D.C. beltway and the Unicorn Herd of start-ups selling for millions of dollars that the underground cash-only economy is one of the few bright spots in the U.S. economy. Correspondent B.U. recently submitted this report from rural America in response to my entry What Happens to our Economy as Millions of People Lose the Habits...
  • Government On Hiring Spree As Private Job Gains Fade

    10/09/2015 3:33:55 AM PDT · by expat_panama · 21 replies
    Government is again behind the curve in adapting to changes in the economy, ramping up hiring even as weakening global demand prompts private employers to tap the brakes. If the trend continues, governments could find themselves with more staff than they can afford — and eventually a new cycle of budget shortfalls and painful cutbacks. The slowdown in China and other economies has knocked the wind out of exports and commodity prices and slowed private-sector hiring to its weakest level in more than three years. But state and local governments are adding jobs at the fastest pace since the recession....
  • Study: Government Workers Make 78 Percent More Than Private Sector

    10/08/2015 12:41:44 PM PDT · by TigerClaws · 32 replies
    Employees for the federal government earn far more than their counterparts in the private sector, according to a new study by the Cato Institute. Federal workers’ pay and benefits were 78 percent higher than private employees, who earned an average of $52,688 less than public sector workers last year. The study found that federal government workers earned an average of $84,153 in 2014, compared to the private sector’s average of $56,350. Cato based its findings on figures from the U.S. Bureau of Economic Analysis (BEA).
  • China's Little-Noted Rage Against TPP

    10/08/2015 4:29:12 AM PDT · by expat_panama · 17 replies
    Investors Busniness Daily ^ | 10/07/2015 | Editorial
    Free Trade: As U.S. demagogues and presidential candidates bluster against the Trans-Pacific Partnership trade pact as a boon to China, the very same China, in a far colder fury, is sharpening its claws in a bid to kill it. The irony of this disconnect is incredible. About the same time presidential candidate Donald Trump was condemning the just-negotiated 12-nation TPP as "terrible" on Fox News because China might some day be able to join it, the South China Morning Post changed the banner headline on its website to: "It's not checkmate yet: Beijing to counter US-led Trans-Pacific Partnership trade pact."...
  • Most Americans have less than $1,000 in savings

    10/07/2015 9:08:27 PM PDT · by TigerClaws · 30 replies
    Americans are living right on the edge — at least when it comes to financial planning. Approximately 62% of Americans have less than $1,000 in their savings accounts and 21% don’t even have a savings account, according to a new survey of more than 5,000 adults conducted this month by Google Consumer Survey for personal finance website “It’s worrisome that such a large percentage of Americans have so little set aside in a savings account,” says Cameron Huddleston, a personal finance analyst for the site. “They likely don’t have cash reserves to cover an emergency and will have to...
  • What No One Seems to Know About Ted Cruz’s Past

    10/07/2015 8:22:07 PM PDT · by Impala64ssa · 49 replies
    PJ Media ^ | 9/30/15 | Asheesh Agarwal and John Delacourt
    Cruz was once a director at the Federal Trade Commission. He had a remarkable record of convincing Democrats to vote for conservative principles. In his first significant leadership role — as president of the Screen Actors Guild — Ronald Reagan fought communist influence in Hollywood and prevailed in a tough contract negotiation. In his first command — as a captain during the Black Hawk War — Abraham Lincoln overruled his men to prevent the execution of a suspected Potawotami spy. To win his first congressional race, Richard Nixon disingenuously linked his opponent to communist sympathizers, the start of a pattern...
  • Obama: Customers will accept paying more for higher minimum wage

    10/07/2015 4:40:35 PM PDT · by markomalley · 95 replies
    Washington Examiner ^ | 10/7/15 | Sean Higgins
    President Obama said Wednesday that consumers would be OK paying higher prices if they knew it was the result of an increase in the national minimum wage. He argued that there was therefore no practical reason for anyone to oppose a hike. "I think that most of us are price-sensitive. We're not looking to over-pay. On the other hand, I'll bet that a lot of folks here, if they go to a restaurant, and they know that the people working there are making a living wage, the fact that they may be paying an extra dollar for a burger, would...
  • The model minority is losing patience

    10/07/2015 2:13:41 PM PDT · by MadIsh32 · 35 replies
    The Economist ^ | 10/07/2015
    MICHAEL WANG, a young Californian, came second in his class of 1,002 students; his ACT score was 36, the maximum possible; he sang at Barack Obama’s inauguration; he got third place in a national piano contest; he was in the top 150 of a national maths competition; he was in several national debating-competition finals. But when it came to his university application he faced a serious disappointment for the first time in his glittering career. He was rejected by six of the seven Ivy League colleges to which he applied. “I saw people less qualified than me get better offers,”...
  • America to Collapse As Dollar Dies: “You Cannot Stop What Is Coming…

    10/07/2015 10:20:56 AM PDT · by amorphous · 59 replies
    SHTF Plan ^ | 7 Oct 2015 | Mac Slavo
    A collapse is coming… but not as quickly as many are expecting. There are many people high up in the power structure who not only see an end to the dollar coming soon, but an economic collapse that could trigger the death of tens of millions of Americans – rendered vulnerable by the lack of services and the stopping of checks, and harmed by the resulting looting, starvation and violence that is likely to occur. According to an anonymous source who claims to have high level insider sources, everything from the power grid to the grocery store, to the government...
  • Once the Biggest Buyer, China Starts Dumping U.S. Government Debt

    10/07/2015 8:36:10 AM PDT · by Enlightened1 · 13 replies
    The Wall Street Journal ^ | 10/07/15 | Min Zeng And Lingling Wei
    Central banks around the world are selling U.S. government bonds at the fastest pace on record, the most dramatic shift in the $12.8 trillion Treasury market since the financial crisis. Sales by China, Russia, Brazil and Taiwan are the latest sign of an emerging-markets slowdown that is threatening to spill over into the U.S. economy. Previously, all four were large purchasers of U.S. debt. Few analysts expect much higher yields in the Treasury market as a result. Foreign private purchases of U.S. debt have increased amid pessimism about the world economic outlook. U.S. firms and financial institutions continue to buy...
  • Right Now There Are 102.6 Million Working Age Americans That Do Not Have A Job

    10/07/2015 7:15:45 AM PDT · by SeekAndFind · 28 replies
    TEC ^ | 10/07/2015 | Michael Snyder
    The federal government uses very carefully manipulated numbers to cover up the crushing economic depression that is going on in this nation. For the month of September, the federal government told us that 142,000 jobs were added to the economy. If that was actually true, that would barely be enough to keep up with population growth. Sadly, the truth is that the real numbers were actually far worse than that. The unadjusted numbers show that the U.S. economy actually lost 248,000 jobs in September and the government added more than a million Americans to the “not in the labor force”...
  • Top GDP Growth Rates in U.S. History

    10/07/2015 6:18:14 AM PDT · by NaturalBornConservative · 18 replies
    Natural Born Conservative ^ | October 7, 2015 | Larry Walker II
    Trump’s Dynamic Growth PoliciesBy: Larry Walker, IIIn an October 4, 2015 interview on Meet the Press, Donald Trump was asked which government programs he will cut so his tax reduction plan won’t blow a hole in the deficit.Trump’s first response described how we are going to save a lot in administrative costs by exempting millions of Americans from filing income tax returns. Under his plan, single individuals making under $25,000 and couples making less than $50,000 will not owe any income tax, and will thus not be required to file tax returns. This totally makes sense to me, as I...
  • Q3 Earnings Will Be Weak, And It's Not Just Energy

    10/07/2015 4:06:06 AM PDT · by expat_panama · 16 replies
    Investors Busniness Daily ^ | 10/06/2015 | CIARAN MCEVOY
    The third quarter was a bumpy ride for investors, with violent swings in stocks, weakness in China, Federal Reserve uncertainty and a battered energy sector. Now, earnings season will likely show how companies struggled to handle those headwinds. S&P 500 companies are expected to report that Q3 profits fell 4.4% on a 3.5% revenue drop, according to analysts tracked by Thomson Reuters. Excluding energy, S&P 500 companies are expected to grow earnings 3.2% and sales 2.1%. Either way, that would be the worst since Q3 2012. Actual results are likely to be a couple of percentage points higher than official...
  • AB InBev makes $104 billion bid for rival brewer SABMiller (Budweiser to merge with Miller)

    10/07/2015 3:32:06 AM PDT · by Zakeet · 25 replies
    Reuters ^ | October 7, 2015 | Philip Blenkinsop
    Anheuser-Busch InBev, the world's largest brewer, launched an improved offer for SABMiller on Wednesday, offering just over 68 billion pounds ($104 billion) for its largest rival to extend its reach into Africa and other markets.
  • Anyone heard this bit of audio? <P> Economic crisis President Bush mortgage speech 2002

    09/25/2008 6:36:32 PM PDT · by dragnet2 · 21 replies · 1,081+ views
    utube ^ | 2002 | utube - President Bush -White House
    Anyone heard this bit of audio? Economic crisis President Bush mortgage speech 2002
  • Fed official: Strong economy nears full employment and higher interest rates

    10/06/2015 5:10:53 PM PDT · by ForYourChildren · 45 replies
    San Jose Mercury News ^ | 10/06/2015 | George Avalos
    SAN FRANCISCO -- The U.S. economy is nearing full employment, setting the stage to ease some of the stimulus from low interest rates that's been the foundation of the nation's monetary policy, a key member of the Federal Reserve told a gathering in San Francisco on Tuesday. "Looking forward, I expect we will reach our maximum employment mandate in the near future and inflation will gradually move back to our 2 percent goal," John Williams, president of the Federal Reserve Bank of San Francisco, said to the Urban Land Institute conference. That could potentially point to a change in the...
  • 90 Day T-Bill Rate 0

    Am I reading this wrong or is the T-Bill rate for 13 weeks a negative? I went here when reading the 90 day T-Bill rate is zero. This is news that affects everyone yet no one covers.
  • Islamic halal economy set to grow

    "Dubai (AFP) - The halal economy is set to grow as the world's Muslim population expands and more products are certified to comply with Islamic sharia law, experts said on Tuesday. The range of halal products, from goods not containing pork or alcohol to financial and tourism services, is rising as the global Muslim population grows."
  • Trans-Pacific Partnership Deal Faces Populist Backlash

    10/06/2015 5:44:46 AM PDT · by expat_panama · 33 replies
    Investors Busniness Daily ^ | 10/05/2015 | JED GRAHAM
    The biggest trade agreement since NAFTA has run into the most populist presidential campaign in memory. It's a sure bet that sparks will fly. What's not clear is when the 12-nation Trans-Pacific Partnership linking 40% of global GDP and 800 million consumers will come to a vote in Congress — it might have to wait until after the election — much less whether it will pass. After five years of negotiations, trade officials sealed the deal in Atlanta on Monday, but the reception wasn't exactly celebratory. Populism Rises On Left, Right Trade ministers from the twelve Trans-Pacific Partnership member countries...
  • I get food stamps, and I’m not ashamed — I’m angry

    10/05/2015 10:17:02 PM PDT · by 2ndDivisionVet · 148 replies
    Vox ^ | September 16, 2015 | Christine Gilbert
    My name is Christine, and I get food stamps. I've had to apply off and on over the past 16 years in order to make sure my family was fed. I don't feel the least bit ashamed of myself for this, but apparently some people think I should. Some people think I, and people like me, am lazy. Or that we're taking advantage of other (smarter, harder-working) people. Those people seem to have an image in their heads of how someone who "deserves" assistance behaves, and a very narrow idea of how we should feel about it. Those people are...
  • Where Are The Million New Manufacturing Jobs Obama Promised?

    10/05/2015 11:18:05 AM PDT · by expat_panama · 24 replies
    Investors Busniness Daily ^ | 10/02/2015 | Editorial
    Factory Jobs: The anemic September jobs report was bad news for anyone hoping that the economy had turned a corner. But it was even worse news for manufacturing, which is on a two-month losing streak. Manufacturing shed 9,000 jobs last month on top of the 18,000 lost in August, completely erasing the gains made so far this year. Since January 2013, the industry has gained only 338,000. All this flies in the face of President Obama's repeated promise in 2012 that if reelected, he would create 1 million new manufacturing jobs by the end of his second term. Obama said...
  • Robert Reich’s dire warning: America’s free-market obsession is “poisoning” our world

    10/05/2015 7:34:20 AM PDT · by Citizen Zed · 21 replies
    salon ^ | 10-5-2015 | CONOR LYNCH
    Reich argues that the major problem with the market of today is not that the government has intruded too much, as Republicans generally contend, but that the laws and regulations necessary for a market are tilted in the favor of wealthy individuals and corporations who can buy influence in the political world, rather than average people, i.e “the many,” who cannot. In other words, the free market vs. government debate is largely a pointless distraction from what should be the real debate: Does the market and the rules that establish it work for everyone, or just the few at top...
  • Week Ahead: Fed Minutes and Data

    10/04/2015 3:47:39 PM PDT · by citizen · 17 replies
    Fox Business ^ | October 02, 2015 | ·FOXBusiness
    While the decision to delay was nearly unanimous – there was one dissenter – nearly the same amount of FOMC members said they also believe rates will move higher before the end of the year. That sentiment may have changed given the release of Friday’s much-worse-than-expected jobs report, but the minutes should provide some additional insight into why the Fed held off on a rate hike and when they might actually pull the trigger. The minutes will be released Thursday at 2 p.m. Also scheduled for release next week are: the ISM Non-manufacturing index on Monday; a report on international...
  • The American Economy is a RINO: Republican In Name Only

    10/03/2015 1:35:10 PM PDT · by Kaslin · 16 replies ^ | October 3, 2015 | Jeff Crouere
    For the past few years, the Obama lovers in the media have been boasting about the supposedly great economy Americans are enjoying. According to this fictitious narrative, Obama’s strong leadership saved the economy and led to our “recovery,” but, in reality, we face today a RINO or “Recovery in Name Only” economy. The real economy was exposed in the September labor report. The country created only 142,000 new jobs, much less than expectations. This year, we are adding fewer than 200,000 new jobs each month, well below last year’s average of 260,000 new jobs per month. The so-called experts blame...
  • America’s RINO Economy: Recovery in name only

    10/03/2015 6:07:57 AM PDT · by Sean_Anthony · 5 replies
    Canada Free Press ^ | 10/03/15 | Jeff Crouere
    After seven years of Obama, who raised taxes, almost doubled the national debt and created massive new government bureaucracies through the Affordable Care Act For the past few years, the Obama lovers in the media have been boasting about the supposedly great economy Americans are enjoying. According to this fictitious narrative, Obama’s strong leadership saved the economy and led to our “recovery,” but, in reality, we face today a RINO or “Recovery in Name Only” economy. The real economy was exposed in the September labor report. The country created only 142,000 new jobs, much less than expectations. This year, we...
  • The economy is stronger than weak job numbers suggest (Yahoo Propaganda Alert)

    10/02/2015 7:54:08 PM PDT · by SaveFerris · 24 replies
    Yahoo Finance ^ | 8 hours ago | By Rick Newman
    The prevailing narrative on the U.S. economy has downshifted, as three consecutive months of disappointing job growth raise concerns about a serious slowdown. There’s some good news to offset the bad, however: household incomes have finally shown a sharp gain, which means the typical family’s purchasing power is bouncing back. And the pace of car sales is accelerating toward record levels, with consumers more than willing to commit to costly long-term purchases. Meanwhile, several other indicators that don’t get as much attention as the monthly jobs report show sustained improvement in key parts of the economy. The monthly employment report...
  • Why U.S. Economy Shrugs Off Stalling Manufacturing

    10/02/2015 12:02:44 PM PDT · by expat_panama · 55 replies
    Investors Busniness Daily ^ | 10/01/2015 | JED GRAHAM
    The manufacturing sector continued to cool in September, registering the slowest growth in more than two years as economic weakness around the globe and a stronger dollar hit exports. But the lack of momentum, outside the auto sector, hasn't kept the rest of the economy from chugging along. Autos zipped out of showrooms last month at the fastest rate since July 2005. The Institute for Supply Management's U.S. factory gauge slid 0.9 point last month to 50.2 — just above the 50 neutral level. Exports were the weakest link in a sluggish report, contracting at a rate that matches the...
  • Labor Force Participation Sinks To A 38-Year Low

    10/02/2015 6:23:08 AM PDT · by blam · 13 replies
    BI ^ | 10-2-2015 | Andy Kiersz
    Andy KierszOctober 2, 2015 The September jobs report was broadly disappointing, with very few points of optimism. Along with non-farm payrolls and wage growth missing expectations, the civilian labor force participation rate — the percentage of the US population that is either working or looking for a job — fell by 0.2 percentage points to 62.4%. This is the lowest reading since October 1977.(snip)
  • Fed in focus as jobs data looms

    10/02/2015 4:12:39 AM PDT · by expat_panama · 22 replies
    Yahoo Finance ^ | Fri, Oct 2, 2015 | Lionel Laurent
    LONDON (Reuters) - Gains for European and Asia stocks capped a wild week for financial markets on Friday, ahead of a key U.S. jobs report that could determine the chances of the Federal Reserve raising interest rates before year-end. Concerns about U.S. monetary policy and slowdown in emerging markets led by China have hit commodities markets and related stocks like Glencore and sent credit spreads wider this week in the wake of a summertime surge in volatility. An escalation of fighting in Syria, with Russian air strikes marking its biggest Middle East intervention in decades, has so far failed to...
  • Can the U.S. Remain An International Financial Center?

    10/01/2015 4:37:22 AM PDT · by expat_panama · 7 replies
    Real Clear Markets ^ | October 1, 2015 | Daniel Gallagher & Hal Scott
    For as long as most of us can remember, the U.S. capital markets have been the envy of the world, promoting the free movement of capital and propelling innovation and growth within a framework of stability and the rule of law. But can the U.S. remain an international financial center? To be blunt, the answer is no-at least, not without major reforms. This may surprise many who are comfortable thinking of the U.S. capital markets as the envy of the world. But increasingly, our foreign counterparts view us not with envy, but as a cautionary tale. Concerns regarding the competitiveness...
  • Philippines seen among least at risk

    09/30/2015 8:34:10 PM PDT · by 2ndDivisionVet · 15 replies
    Business World ^ | September 30, 2015 | Mikhail Franz E. Flores, Senior Reporter
    THE PHILIPPINES appears least vulnerable to major risks that could darken the economic growth outlook and affect the sovereign credit scores of emerging markets, debt watcher Standard & Poor’s Ratings Services said in a new report. In a Sept. 29 report, titled: “Who’s at Risk? Emerging Market Sovereigns are Facing Adverse Global Trends,” S&P cited three risks on the growth prospects of 22 emerging economies: capital outflows from developing to advanced markets once the Federal Reserve hikes interest rates, unwinding of domestic credit built up in recent years and China’s economic growth slowdown. Among 22 markets it assessed, the Philippines...
  • Nine simple charts that demonstrate the disaster of Obama’s economic policies

    09/30/2015 3:48:30 PM PDT · by Sean_Anthony · 7 replies
    Canada Free Press ^ | 09/30/15 | Dan Calabrese
    Recovery? Er, no . . . Gauging the economic performance of a president is a tricky thing for a lot of reasons, not least of which is the fact that so many statistics sound like apples-to-apples but really aren’t (like the U3 unemployment rate for example, which doesn’t tell you the change in labor force participation), and the fact that politicians cherry-pick statistics that don’t always mean what they want you to think they mean (like “jobs created”). There is also this: Much of what happens in the economy is not controlled by politicians. That’s a hard one to swallow...
  • More layoffs hit Bowie coal mine ( Colorado, Utah, and )

    09/30/2015 7:43:51 AM PDT · by george76 · 22 replies
    Grand Junction Media ^ | September 29, 2015 | Dennis Webb
    Bowie Resource Partners plans to lay off nearly 100 people at its Bowie #2 Mine near Paonia in the latest setback to coal employment in the North Fork Valley. The company said Tuesday that it anticipates laying off 78 workers and 19 contractors from the mine, where 181 full-time employees and 19 contractors work now. ... it is continuing to evaluate the market for the mine’s coal after losing a contract to sell to the Tennessee Valley Authority a year ago. The loss of that contract caused Bowie to eliminate about 150 jobs at that time. Bowie operates three underground...
  • Step Aside Detroit: There Is A New "Worst" City For Housing In The U.S.

    09/30/2015 7:28:21 AM PDT · by smartyaz · 19 replies
    zh ^ | 09/29/2015 | Tyler Durden
    It will come as no surprise that the west, with San Diego, is where the gains are still frothiest: after all the Chinese "hot money" exporters are rushing to park their funds before the exit door slams shut, and are doing so as close to home as possible. What was surprising is the other end of the spectrum, because as Case-Shiller clearly shows, Detroit - after staging a brief dead cat bounce in the aftermath of its bankruptcy and since sliding once again - may no longer be the worst city for home prices in the US. It has now...
  • Here’s what Wall Street isn’t telling you about this stock market

    09/30/2015 6:38:45 AM PDT · by SkyPilot · 16 replies
    Market Watch ^ | 30 Sep 15 | Barbara Kollmeyer
    Welcome to the worst day of the year for investors, though you wouldn’t know it by looking at stock futures this morning. Thank the portfolio window-dressers or bouncy dead cats, but the market looks set to fly. Anyway, that gloomy prognosis for the day fits nicely with the disastrous end to the quarter we’re headed for, set to finish with 8% to 9% losses for the big U.S. indexes. The quarter has delivered the biggest point declines for the Dow industrials DJIA, +1.41% and the Nasdaq Composite COMP, +1.82% since the end of 2008, and the biggest for the...
  • World set for emerging market mass default, warns IMF

    09/30/2015 4:23:20 AM PDT · by expat_panama · 38 replies
    UK Telegraph ^ | 29 Sep 2015 | Szu Ping Chan
    The International Monetary Fund (IMF) has issued a double warning over higher US interest rates, which it said could trigger a wave of emerging market corporate defaults and panic in financial markets as liquidity evaporates. The IMF said corporate debts in emerging markets ballooned to $18 trillion (Ł12 trillion) last year, from $4 trillion in 2004 as companies gorged themselves on cheap debt. It said the quadrupling in debt had been accompanied by weaker balance sheets, making companies more vulnerable to US rate rises. "As advanced economies normalise monetary policy, emerging markets should prepare for an increase in corporate failures,"...
  • Dying Petrodollar Ripples Through Markets As Asset Managers Bemoan Loss Of Saudi Bid

    09/29/2015 11:25:20 PM PDT · by RC one · 4 replies
    Dying Petrodollar Ripples Through Markets As Asset Managers Bemoan Loss Of Saudi BidOne of the key things to understand about China’s liquidation of hundreds of billions in US paper is that far from being a country-specific phenomenon, it actually marks the continuation of something that’s been taking place in other emerging markets for some time.As we outlined in “Why It Really All Comes Down To The Death Of The Petrodollar,” the forced sale of Beijing’s UST reserves is simply the most dramatic example of what Deutsche Bank has called “quantitative tightening.” For years, reserve managers in the world’s emerging economies...