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Keyword: economy

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  • The Biggest Losers Of The Past 5 Years

    01/26/2013 2:56:56 PM PST · by blam · 11 replies
    Tbi ^ | 1-26-2013 | Joe Weisenthal
    The Biggest Losers Of The Past 5 Years Joe WeisenthalJanuary 26, 2013, 9:42 AMYou could argue that economic policy makers have done a disappointing job over the past five years, trying to get advanced economies back on their feet. Growth is still slow in the US, and job creation is subpar. But in a sense, the past five years have been a huge vindication for mainstream economic approaches, as these huge experiments in recovery have not had the nasty effects that so many people would have predicted. Consider all of the people who have spent the last few years talking...
  • My Prediction For 2013…And Beyond

    01/26/2013 11:12:44 AM PST · by blam · 8 replies
    TDR ^ | 1-25-2013 | Chris Mayer
    My Prediction For 2013…And Beyond By Chris Mayer 01/25/13 An old bit of advice says, “Never eat at a place called Mom’s or play poker with a man named Doc.” That’s a joke, but this isn’t: Never fall for an argument that says we’ll run out of some natural resource or bet on the “end” of cheap anything. Such views will cost you money in the long run. Let’s look at potash, a rock mined and processed to make fertilizers. This is a commodity that got exciting in 2008 and 2009 as the price ran from under $200 to $1,000...
  • Why Americans still feel poor

    01/26/2013 7:12:47 AM PST · by SeekAndFind · 23 replies
    Fortune ^ | 01/26/2013 | By Nin-Hai Tseng
    U.S. stocks have reached new highs, but most Americans probably don't feel any wealthier. That's because the prices of our homes have a bigger influence over how rich we feel and, therefore, how much we're willing to spend, suggests a recent study by the National Bureau of Economic Research. The findings clarify the big drivers of what economists call "the wealth effect," the idea that people spend more when they have more. This sounds pretty obvious, but the real barometer of wealth hasn't been as clear. In the past, as the Federal Reserve moved to buy up billions of dollars...
  • Is Your Stocks Portfolio Ready for What’s Going to Happen?

    01/25/2013 6:20:34 PM PST · by blam · 16 replies
    TMO ^ | 1-25-2013 | InvestmentContrarian
    Is Your Stocks Portfolio Ready for What’s Going to Happen? Stock-Markets / Stock Markets 2013Jan 25, 2013 - 09:13 AM By: InvestmentContrarian Sasha Cekerevac writes: As corporate earnings season continues for S&P 500 companies, it is becoming quite evident that revenue growth is lacking across many sectors of the economy. However, we are continuing to see growth in corporate earnings per share. How is this possible? One method is through share buybacks. S&P 500 corporations, which are generating very high levels of cash, are buying back shares and reducing the number outstanding, which increases the corporate earnings-per-share level. From April...
  • Deconstructing Obamanomics: What Is The Real Goal?

    01/25/2013 6:11:56 AM PST · by SeekAndFind · 9 replies
    Forbes ^ | 01/25/2013 | Bill Frezza
    As President Barack Obama begins his second term, democratically returned to office by a majority of Americans who seem to buy what he is selling, it would profit us to pause a moment and examine the discrepancies between the vision he expounded in his inaugural address and the economic reality that surrounds us. This leads to a pivotal question: What, exactly, is the underlying purpose of Obamanomics, and how would we know? Logic offers two choices. We can take the president at his word, and then ask why the promised economic recovery, growth, prosperity, and equality, haven’t arrived yet. Or...
  • FORMER GOLDMAN BANKER: I Miss The Great Recession Already

    01/24/2013 10:54:52 AM PST · by blam · 5 replies
    TBI ^ | 1-24-2013 | Michael, Bankers Anonymous
    FORMER GOLDMAN BANKER: I Miss The Great Recession Already Michael, Bankers AnonymousJanuary 24, 2013 I’m just going to come out and say it, ok? I miss the Great Recession already. I miss it for two reasons: first as an investor and second as a human. The Investment Side of the Great Recession As an investor, the Great Recession represented the good times, now past.[1] Recessions – or at least their financial unfolding via changes in asset prices – cause not only wealth destruction, but also wealth creation. For investors[2] in particular, a recession is often necessary in order to deploy...
  • Truckers Knew We Were In A Once-In-A-Generation Recession Before Anyone Else

    01/23/2013 11:24:27 AM PST · by blam · 31 replies
    TBI ^ | 1-18-2013 | Rob Wile
    Truckers Knew We Were In A Once-In-A-Generation Recession Before Anyone Else Rob WileJanuary 18, 2013, 11:29 AMYoutube If you ever wondered what industry is the American' economy's most accurate bellwether, here's some pretty good evidence that it might be trucking. In the just-released minutes of the Federal Open Market Committee's December 11, 2007 meeting, then-St. Louis Fed Governor William Poole recounted what he was hearing from his nonfinancial business contacts about orders and sales. Most reported softening activity, but nothing dire. But not Poole's trucker. From the December 2007 transcript: UPS is expecting a peak season that is milder than...
  • Obama Promises To Fix Inequality After Making It Worse

    01/23/2013 4:13:33 AM PST · by IBD editorial writer · 16 replies
    Investor's Business Daily ^ | 01/22/2013 | John Merline
    A centerpiece of President Obama's second inaugural address was a call for greater economic equality, with the president saying that "our country cannot succeed when a shrinking few do very well and a growing many barely make it." But that's precisely what's happened over the past four years, as Obama's economic policies left the majority of Americans falling behind while the wealthy few got further ahead. Evidence of this is everywhere you look.
  • Company making plans for asteroid mining

    01/22/2013 9:19:46 PM PST · by 2ndDivisionVet · 14 replies
    CBS News ^ | January 22, 2013 | William Harwood
    Hoping to take the commercialization of space to a higher level, a second company has jumped into what the founders hope will be a lucrative emerging market, prospecting for raw materials among near-Earth asteroids using fleets of low-cost robotic spacecraft, senior executives said Tuesday. The long-range goal is to develop an in situ manufacturing capability, harvesting raw materials and building components in space using high-tech mini foundries built around sophisticated 3D printers. "This is about the future. This is about making something happen," company chairman Rick Tumlinson told reporters during a news conference in Santa Monica, Calif. "Deep Space Industries...
  • Survey: Customers in shale gas areas confident in economic future

    01/22/2013 8:40:27 PM PST · by 2ndDivisionVet · 5 replies
    The State Journal's Grounded Blog ^ | January 22, 2013 | Taylor Kuykendall
    A new study out by the Huntington Bank finds that nearly 60 percent of consumers in shale gas exploration regions are confident the industry will provide opportunity in their area. The Midwest Economic Index surveyed across Huntington Bank's service area – from West Virginia through Michigan. The new survey is the first of its kind conducted by Huntington. "Huntington commissioned the survey by an independent research firm because we are committed to helping our customers understand the economy in our markets," said Steve Steinour, chairman, president and CEO of Huntington Bank. "While many inside and outside of the energy industry...
  • The Worldwide Demographic Cliff Is Going To Be Brutal

    01/22/2013 11:01:18 AM PST · by blam · 49 replies
    TBI ^ | 1-22-2013 | The Economist
    The Worldwide Demographic Cliff Is Going To Be Brutal The EconomistJan. 22, 2013, 8:56 AMTHE post-war generation of baby boomers - those born between 1946 and 1964 - have had a huge appetite on the world, creating "youth culture", changing social attitudes from the sixties onwards, boosting economic growth as they entered the workforce and so on. Now they are starting to retire and this blog had banged on about the effect this will have on issues like pensions, asset markets and economic growth. not to worry, say some folk, since although we may have more elderly to look after,...
  • DAVID TEPPER: 'This Country Is On The Verge Of An Explosion Of Greatness'

    01/22/2013 10:47:32 AM PST · by blam · 54 replies
    TBI ^ | 1-22-2013 | Julia La Roche
    DAVID TEPPER: 'This Country Is On The Verge Of An Explosion Of Greatness' Julia La RocheJan. 22, 2013, 11:13 AMDavid Tepper, who runs $12 billion distressed debt hedge fund Appaloosa Management, was on Bloomberg TV "Market Makers" with Stephanie Ruhle moments ago. It was a tremendous interview and it showed a very relaxed and funny side of Tepper. Tepper, who has one of the best long-term track records, told Bloomberg TV that his fund was up 30% in 2012. He's said he's "going to come out of the closet" as being bullish in 2013. The reason, he explained, is there...
  • One Sentence That Explains Why Bears Are Dropping Like Flies

    01/22/2013 6:09:40 AM PST · by blam · 27 replies
    TBI ^ | 1-22-2013 | Joe Weisenthal
    One Sentence That Explains Why Bears Are Dropping Like Flies Joe WeisenthalJanuary 22,2013Flickr / Brian Digital To really appreciate this moment, you really need to appreciate the explosion of optimism that's broken out in global financial markets. It's not just that the S&P is near all-time highs. It's not just that pro-investors are more in stocks than they've been in years. It's also that economic skeptics are starting o throw in the towel, and accept that the economy is back. Either that's a great sign, or it's a sign that things have gotten way to extreme on the positivity front....
  • Oil Guru Destroys All Of The Hype About America's Energy Boom

    01/21/2013 7:21:50 PM PST · by blam · 42 replies
    TBI ^ | 1-21-2013 | Rob Wile
    Oil Guru Destroys All Of The Hype About America's Energy Boom Rob WileJan. 20, 2013, 10:20 AM Not everyone believes the U.S. is capable of becoming energy independent thanks to its shale oil and gas reserves, as the International Energy Association suggested recently. The math just doesn't work out, they say — America consumes too much. But some are even more skeptical than that. Arthur Berman, an oil analyst with Labyrinth Consulting Services, says the promise of America's shale reserves have been vastly overstated. His main argument: shale is too expensive to drill, and shale wells usually don't last longer...
  • Obama’s speech lauds government, dismisses opponents

    01/21/2013 11:21:44 AM PST · by 2ndDivisionVet · 25 replies
    The Daily Caller ^ | January 21, 2013 | Neil Munro
    President Barack Obama’s second inauguration speech promised a sharply ideological second term where the “the people” will use government to accomplish the tasks that he declared cannot be accomplished by individuals. “No single person can train all the math and science teachers we’ll need to equip our children for the future, or build the roads and networks and research labs that will bring new jobs and businesses to our shores,” he declared in a 2,103-word speech that included numerous campaign-style jabs at his political opponents. “Now, more than ever, we must do these things together, as one nation and one...
  • The Economy Almost Always Does Worse During A President's Second Term

    01/21/2013 11:07:01 AM PST · by blam · 9 replies
    TBI ^ | 1-21-2013 | The Economists
    The Economy Almost Always Does Worse During A President's Second Term The EconomistJanuary 21, 2013The economic performance of American presidents tends to deteriorate during their second term THE economic auguries for Barack Obama’s second term are not good. By comparing the changes across eight economic indicators (GDP, industrial production, household incomes, house prices, unemployment, consumer confidence, stockmarkets and federal debt) during their presidential terms, The Economist has analysed the economic performance of all 11 two-term presidents since Teddy Roosevelt took office in September 1901. The first chart below shows that the average change in each of these economic indicators. With...
  • The Most Likely Cause Of The Next Recession...

    01/21/2013 8:08:21 AM PST · by blam · 19 replies
    TBI ^ | 1-21-2013 | Joe Weisenthal
    The Most Likely Cause Of The Next Recession... Joe WeisenthalJanuary 21,2013 Bill McBride at Calculated Risk has a great post up about the difficulty of recession forecasting. One difficulty is incentives. Many on Wall Street have a persistent incentive towards optimism. On the other hand, blog/media pundits have more of a pessimism bias, since bad news sells. McBride himself, who called the downturn and the upturn, writes: "Now one of my blogging goals is to see if I can get lucky again and call the next recession correctly." So what will cause the next recession? McBride thinks there are three...
  • The Ticking Trillion Dollar Debt Bomb

    01/18/2013 4:42:25 PM PST · by blam · 3 replies
    The Market Oracle ^ | Graham Summers
    The Ticking Trillion Dollar Debt Bomb Politics / US DebtJan 18, 2013 - 08:41 AM By: Graham Summers Since the EU Crisis went into overdrive in 2010, EU politicians have largely resorted to political posturing rather than implementing any actual financial solutions to the EU’s debt and banking crisis. To clarify that statement, we view a “real solution” as one that A) cleared bad debts from the system, B) brought debt levels down to manageable levels, and C) got the troubled country’s economy back on track. By way of example, real solutions would involve outright debt defaults, bank failures, and...
  • House GOP: We'll Raise Debt Limit for 3 Months if Senate Agrees to Produce a Budget

    01/18/2013 12:22:16 PM PST · by Zakeet · 34 replies
    Weekly Standard ^ | January 18, 2013 | John McCormack
    House Majority Leader Eric Cantor says in a statement: Fitch Ratings agency recently said, if the debt limit is raised without substantive deficit reduction, our nation's credit rating could be downgraded. The President's plan to simply borrow more money without any reform in Washington puts us all at risk. The first step to fixing this problem is to pass a budget that reduces spending. The House has done so, and will again. The Democratic Senate has not passed a budget in almost four years, which is unfair to hardworking taxpayers who expect more from their representatives. That ends this year....
  • GOLDMAN SACHS: BUY GOLD

    01/18/2013 11:58:21 AM PST · by blam · 20 replies
    TBI ^ | 1-18-2013 | Matthew Boesler
    GOLDMAN SACHS: BUY GOLD Matthew BoeslerJan. 18, 2013, 11:53 AM On Wednesday, Goldman Sachs upped the ante on its call that 2013 will mark the end of a long-running bull market in gold by introducing a new forecast: the bank's commodity strategists see the shiny yellow metal falling to $1200 per ounce by 2018. However, despite having a bearish 5-year forecast for gold prices, Goldman's 3-month forecast is actually quite bullish. In fact, strategists Damien Courvalin and Alec Phillips write in a note to clients today that they expect gold to reach $1825 per ounce over the next few months...