Free Republic 4th Quarter Fundraising Target: $85,000 Receipts & Pledges to-date: $71,892
84%  
Woo hoo!! And now less than $13.2k to go!! We can do this. Thank you all very much!!

Keyword: economy

Brevity: Headers | « Text »
  • IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family

    02/01/2013 11:38:38 AM PST · by SoFloFreeper · 32 replies
    CNS ^ | 1/31/13 | Matt Cover
    In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year. Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS. The IRS's assumption that the cheapest plan for a family will cost $20,000 per year is found in examples the IRS gives to help people understand how to calculate the penalty they will need to pay the government if they do not buy a mandated health plan.
  • 169,000 Americans Drop Out of Labor Force in January As Unemployment Ticks Up

    02/01/2013 6:49:53 AM PST · by Perdogg · 8 replies
    CNS News.com ^ | February 1, 2013 | Matt Cover
    The number of Americans not in the labor force grew by 169,000 in January, according to the Bureau of Labor Statistics’ latest jobs report. BLS labels people who are unemployed and no longer looking for work as “not in the labor force,” including people who have retired on schedule, taken early retirement, or simply given up looking for work. There were 89 million of them last month.
  • IT'S SHOWTIME: Markets Rallying On Gigantic Day For The Global Economy

    02/01/2013 4:35:02 AM PST · by blam · 4 replies
    TBI ^ | 2-1-2013 | Joe Weisenthal
    IT'S SHOWTIME: Markets Rallying On Gigantic Day For The Global Economy Joe WeisenthalFebuary 1, 2013, 3:03 AM Let's do this folks. US futures are rallying on what will be a huge day for the economy. European markets have opened higher, with the exception of Spain, which is getting slammed. We've got several big European PMIs coming up over the next hour or so. Then the focus will shift to the US where we've got US manufacturing data, US car sales data, and of course the monthly jobs report. While you were sleeping, China and Japan both rallied, with the latter...
  • Economy Shrinking, Debt Soaring, And Obama's Talking..."God, Guns and Gays?"

    02/01/2013 4:10:45 AM PST · by suspects · 17 replies
    Boston Herald ^ | February 1, 2013 | Michael Graham
    Our weak economy is stumbling yet again. America’s GDP actually shrank during the last three months of 2012, after three years of Obama’s “recovery.” Jobless claims jumped last week “unexpectedly.” And a new report says our national debt will soon be 200 percent of our entire national output — or twice as high as that of Greece. Since the inauguration, what have President Obama and the White House been talking about? Jobs, the economy and debt? Nope. It’s been gun control, same-sex marriage, women in combat and illegal immigration. I’m so old I remember when campaigning on divisive wedge issues...
  • RON PAUL WARNS AMERICANS OF COMING GLOBAL ECONOMIC COLLAPSE (ITEOTWAWKI/SHTF)

    01/31/2013 4:29:15 PM PST · by VRW Conspirator · 18 replies
    YouTube ^ | May 10, 2012 | Senator Ron Paul
    Video at the linkee: Ron Paul describes the upcoming bedlam and some things to possibly prevent it. It's The End Of The World As We Know It and I have gas!
  • NAACP President Says Black People Are Worse Under President Obama

    01/31/2013 10:14:50 AM PST · by nickcarraway · 42 replies
    Clutch Magazine ^ | JANUARY 30, 2013 | MYEISHA ESSEX
    NAACP President and CEO Benjamin Jealous is known for making headlines, and he’s at it again. In an interview with David Gregory on Meet The Press, Jealous said that African Americans are doing worse under President Obama than under President Bush. “When you look at joblessness in this country, the country’s back to pretty much where it was when this president started,” he said. “White people in this country are doing a bit better. Black people are doing far worse.” Now that election season is over, it’s clear that the honeymoon between the Obama administration and the NAACP is over....
  • Economy Shrinks…Obama & Pals Blame Republicans

    01/31/2013 10:11:44 AM PST · by Starman417 · 5 replies
    Flopping Aces ^ | 01-31-13 | Curt
    Another 'who woulda thunk it' moment: The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus. The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles. Get outta here! You mean with businesses fretting over the unknown cost of ObamaCare, with taxes being raised for almost every American, and government spending continuing to spiral out of control that...
  • US GDP Falls By 0.1% In Q4 2012, $312 Billion Debt added, GDP FALLS By $5 Billion

    01/30/2013 1:43:28 PM PST · by whitedog57 · 6 replies
    Confounded Interest ^ | 01/30/2013 | Anthony B. Sanders
    I have been observing over the past months that various indices have been nosing down. Now we have confirmation from the BEA that GDP fell by -0.1% in Q4 of 2012. Here is CNBC’s Rick Santelli’s take on the numbers. This is a big swing and a miss to expectations of +1.1% and a BIG drop from Q3′s print of +3.1%. At least Personal Consumption Expenditures (PCE) added 1.52% before the Fiscal Cliff surrender. Notes that PCE has been consistently lower after 2007 than before. This isn’t your father’s Oldsmobile … or recovery. On the other hand, defense spending fell...
  • Fed Keeps Stimulus In Place As Economy "Paused" (BARF)

    01/30/2013 11:48:42 AM PST · by Biggirl · 1 replies
    http://www.reuters.com/ ^ | January 30,2013 | Allster Bull And Pedro da Costa
    (Reuters) - The Federal Reserve on Wednesday left in place its monthly $85 billion bond-buying stimulus plan, saying economic growth had stalled but indicating the pullback was likely temporary.
  • Why There's No Real Inflation - Yet

    01/30/2013 11:35:47 AM PST · by blam · 46 replies
    TMO - Money Morning ^ | 1-30-2013 | Martin Hutchinson
    Why There's No Real Inflation - Yet Economics / InflationJan 30, 2013 - 01:16 PM GMT By: Money Morning Martin Hutchinson writes: According to Milton Friedman, "inflation is always and everywhere a monetary phenomenon." If that is true, then you have to wonder where the heck all of the inflation is. Every central bank in the Western world is holding interest rates down, and almost all of them are printing money like it's going out of style. Five years ago, nearly every economist in the world would have told you this would cause inflation to skyrocket, and the big deficits...
  • GDP Shows Surprise Drop for U.S. in Fourth Quarter (unexpected alert)

    01/30/2013 5:46:18 AM PST · by Perdogg · 111 replies
    The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus.
  • Rush To Safety: Americans Buy Nearly Half a Billion Dollars Of Gold and Silver In January

    01/30/2013 11:06:54 AM PST · by blam · 23 replies
    SHTF Plan ^ | 1-30-2013 | Mac Slavo
    Rush To Safety: Americans Buy Nearly Half a Billion Dollars Of Gold and Silver In January Mac Slavo January 30th, 2013 While public officials may be ignoring the continued deterioration of our economy, job losses to the tune of hundreds of thousands of people weekly, and the unprecedented demand for government emergency support services like unemployment insurance and food assistance, Americans who sense uncertainty in the air are flocking to the safety of physical resources. Our first point of interest is a recent report from the Federal Reserve that indicates some $114 billion dollars in cash was withdrawn from the...
  • With An Economic Policy Like This One Only Democrats Would Think Collapse Is "Unexpected"

    01/30/2013 10:51:16 AM PST · by The Looking Spoon · 2 replies
    The Looking Spoon ^ | 1-30-13 | The Looking Spoon
    The economy "UNEXPECTEDLY" contracted .1% in the fourth quarter of 2012.Unexpectedly? Really? How was this unexpected?
  • Economy contracts in 4th quarter by 0.1%

    01/30/2013 8:06:42 AM PST · by SeekAndFind · 17 replies
    American Thinker ^ | 01/30/2013 | Rick Moran
    Apparently, the shrikage is largely the result of a big hit in defense spending. Other one time factors also played a role. From Associated Press: _____________________ The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That's a sharp slowdown from the 3.1 percent growth rate in the July-September quarter and the first contraction since the second quarter of 2009. Economists said the surprise decrease in the nation's gross domestic product wasn't as bad as it looked. The weakness was primarily the result of one-time factors. Government spending cuts and...
  • CONSERVATIVE COLUMNIST: Spending Cuts Are Pushing Us Towards A Recession

    01/30/2013 10:10:13 AM PST · by blam · 32 replies
    CONSERVATIVE COLUMNIST: Spending Cuts Are Pushing Us Towards A Recession Brett LoGiuratoJanuary 30, 2013 Washington Post conservative columnist Jennifer Rubin has joined the voice of many conservatives lamenting the surprising drop in GDP last quarter. In her post, Rubin argues that spending cuts and Obama's regulations are pushing us toward a recession. The big reason for the surprise drop in fourth-quarter GDP was because of a drop in government spending, particularly a stunning fall in defense and military spending. Rubin writes: "I don’t know why they say the drop is unexpected. We are preparing to decimate national security, at a...
  • Obama's Keynesian Economy Failure!!!

    01/30/2013 9:50:59 AM PST · by NOBO2012 · 8 replies
    Michelle Obama's Mirror ^ | 1-30-2013 | MOTUS
    News Alert: Economy Shrinks in the Fourth Quarter, 2012 – unexpectedly, of course. Big Guy, Te’oing the Recovery What? I thought we would be in the middle of a massive Keynesian recovery by now; that’s what swept Big Guy to reelection, right? I guess the the economy in retrograde is good news for Senator Mary “I am not going to keep cutting the discretionary budget, which by the way is not out of control, despite what you hear on Fox News”  Landrieu, however. Although it looks like we may have a bigger problem than Fox News, this latest economic report...
  • Economy Contracts for First Time in 3˝ Years on Defense-Spending Cuts

    01/30/2013 8:33:09 AM PST · by SkyPilot · 23 replies
    NewsMax ^ | 30 Jan 13 | None listed
    The U.S. economy unexpectedly shrank from October through December for the first time since 2009, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles. The drop occurred despite stronger consumer spending and business investment. The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That was a sharp slowdown from the 3.1 percent growth rate in the July-September quarter. Economists said the drop in gross domestic product wasn't as bleak as it looked. The weakness was mainly the result of...
  • Why IT pros may soon pick India over Silicon Valley

    01/30/2013 7:55:42 AM PST · by James C. Bennett · 8 replies
    The Times of India ^ | Jan 30, 2013 | Sujit John & Shilpa Phadnis
    Suresh Sambandam of OrangeScape, Krishna Mehra of Capillary Technologies, Jaspreet Singh of Druva, Balaji Sreenivasan of Aurigo, Vivek Ravisankar of InterviewStreet - all have something in common, other than that they have been featured here for their accomplishments. They are all technology entrepreneurs who started their ventures in India over the past few years, built them to a significant level of success, and now they have all relocated to the US, or are in the process of relocating (themselves, not the companies). We have mentioned just five names. But there are more. And the one common reason for the move...
  • WHAT Growth? Naive Voters Re-Elected Obama While He/the Labor Dept/MSM Hid a Crashing Economy..

    01/30/2013 6:39:43 AM PST · by Reaganite Republican · 42 replies
    Reaganite Republican ^ | 30 January 2013 | Reaganite Republican
    US economy actually SHRUNK in the 4th Quarter... Remember back in the closing weeks of the 2012 campaign... when Jack Welch questioned Labor Dept jobs stats that seemed to be cooked to prop-up Dear Leader on the eve of the election? If you'll recall, he stated (and was pilloried by the Left for it) that 'The economy would have to be growing at a breakneck speed' to make such numbers possible... and just as Welch had suspected- it ain't. But it's even worse than any of us thought: now you know what politicized federal agencies, the MSM, and the Obama campaign...
  • How President Obama Lost His Shirt to John Boehner

    01/29/2013 8:52:31 PM PST · by TheRhinelander · 35 replies
    Forbes ^ | 1/29/2013 | Ralph Benko
    The House, under the leadership of Speaker John Boehner, has precipitated a postponement in the debt ceiling fight until May. This represents a strategic choice by Boehner to make the Sequester fight, not the debt ceiling fight, the next major engagement. Much of the mainstream media now is accusing Congress of “kicking the can down the road.” They are missing the strategic implications. In retrospect, at the Battle at Fiscal Cliff, Boehner took President Obama to the cleaners. He did it suavely, without histrionics. While Obama churlishly, and in a politically amateurish manner, publicly strutted about having forced the Republicans...
  • Barack Obama finally embraces Supply Side Economics – but adds just a wee hint of redistribution

    01/29/2013 5:24:35 PM PST · by Starman417
    Flopping Aces ^ | 01-29-13 | Vince
    Last week the Bureau of Labor Statistics released a report that said that the labor force participation rate (LFPR) dropped to 63.6%, the lowest rate since Jimmy Carter was in office. Essentially that means that of the population of 16 year and older, 37.4% of them decided not to work or not to seek work. That’s 88.8 million people! To put that in perspective, when George Bush took office the LFPR was 67.2% and eight years later it was 1.5% lower at 65.7%. It has dropped 2.1% in Barack Obama’s first four years, the most precipitous drop in workforce participation...
  • Zimbabwe has $217 in the bank: finance minister

    01/29/2013 3:33:05 PM PST · by dynachrome · 49 replies
    Star Africa ^ | 1-29-13 | Jekesai Njikizana
    HARARE (AFP) After paying public workers’ salaries last week, the balance in cash-strapped Zimbabwe’s government public account stood at just $217, Finance Minister Tendai Biti said Tuesday. “Last week when we paid civil servants there was $217 (left) in government coffers,” Biti told journalists in the capital Harare, claiming some of them had healthier bank balances than the state. “The government finances are in paralysis state at the present moment. We are failing to meet our targets.” Zimbabwe’s economy went into free-fall at the turn of the millennium, after President Robert Mugabe began seizing white-owned farms. The move demolished investor...
  • Gary Shilling Expects Great Disconnect to Cause Stock Market Crash 2013

    01/29/2013 7:07:26 AM PST · by blam · 24 replies
    The Market Oracle ^ | 1-29-2013 | Steve Sjuggerud
    Gary Shilling Expects Great Disconnect to Cause Stock Market Crash 2013 Stock-Markets / Financial CrashJanuary 28, 2013 - 06:20 PM By: DailyWealth Steve Sjuggerud writes: Gary Shilling might have the best track record of any investor over the last 30 years... If you had invested $100,000 in Shilling's "big idea" 30 years ago, it would be worth over $6 million today. While most investors didn't pay attention to his big idea, Shilling was right. And he never gave up on his big idea. Here in 2013, Shilling has some new big ideas... and some bold predictions... particularly about what he...
  • A Louisiana Grocery Store Is Forced To Raise Milk Prices By State Regulators

    01/28/2013 9:28:06 AM PST · by Zakeet · 14 replies
    Zero Hedge ^ | January 28, 2013 | Michael Krieger
    You might have to read this post twice to make sure your eyes didn’t deceive you. This article is actually completely different from my recent pieces on stealth inflation, but is even more infuriating. In this case, a grocery store called Fresh Markets decided to sell milk at a bargain basement price as part of a promotion, yet the state has deemed the price “too low.” As a result, the chain is being forced to raise the price. Yep, at a time when millions are struggling every day to make ends meet, this is what the state of Louisiana has...
  • Starving North Koreans 'are forced to eat their children’

    01/28/2013 9:13:17 AM PST · by Zakeet · 45 replies
    (UK) Sun ^ | January 28, 2013 | Harry Hawkins
    HUNGRY parents in North Korea have been caught eating their CHILDREN to avoid starvation, according to reports. One father is said to have been executed by firing squad for killing his two kids for food. And it has sparked fears there could be further cases of cannibalism in the country. The Sunday Times told how undercover reporters recorded several horror stories from inside the poverty-stricken nation. They included one man who dug up his grandchild's corpse to eat and another who boiled his child and ate the flesh. Thousands of North Koreans are feared to be starving to death...
  • Why It's Not Romney's Inauguration

    01/28/2013 4:07:57 AM PST · by CutePuppy · 40 replies
    Barron's (sub) ^ | January 12, 2013 | J.T. Young
    How the Republican candidate lost the presidential election. < snip > ..... [Republicans] are concocting explanations and excuses for what they see as Mitt Romney's snatching defeat from the jaws of victory. They should realize that it was economics that sank Romney. His crucial problem was his campaign's failure to make a sufficiently convincing case on the money issues. Most postmortems have focused on the demographics of the defeat. ..... < snip > But none of Romney's demographic defeats are as significant as the electoral potential Romney missed on money issues. Election Day exit polling by Edison Media Research/Mitofsky International...
  • IT'S OFFICIAL: The World's Elites Declares The Global Economic Crisis To Be Over

    01/27/2013 10:29:23 AM PST · by blam · 18 replies
    TBI ^ | 1-27-2013 | Joe Weisenthal
    IT'S OFFICIAL: The World's Elites Declares The Global Economic Crisis To Be Over Joe WeisenthalJanuary 27, 2013We've been saying for awhile that the age of crisis was coming to an end, but the world's elites have finally made it official. The economic crisis is over. From Peter Coy and BusinessWeek: The hive mind of Davos has concluded that the financial crisis is done, finished. The new worry: a bubble in the credit markets. There is no official declaration, or even a formal survey. But the chatter at the World Economic Forum in Davos, Switzerland, is about the end of the...
  • Denial, Panic And Doubt In Davos

    01/27/2013 7:31:20 AM PST · by blam · 8 replies
    Denial, Panic And Doubt In DavosThe GuardianJanuary 27, 2013 First there was denial, then panic, then hope – now there is nagging concern this downturn simply won't come to an end.The World Economic Forum annual meeting in Davos. Photograph: Laurent Gillieron/EPA Davos has been through some violent mood swings these past five years. First there was denial. Then there was panic. Then there was hope that the worst was over. Now there is nagging concern that this downturn simply won't come to an end. Each year the consultancy firm PwC conducts a survey of the great and good of the...
  • 37 Statistics Which Show How Four Years Of Obama Have Wrecked The U.S. Economy

    01/27/2013 6:12:43 AM PST · by SeekAndFind · 12 replies
    TEC ^ | 01/25/2013 | Michael Snyder
    The mainstream media covered the inauguration of Barack Obama with breathless anticipation on Monday, but should we really be celebrating another four years of Obama? The truth is that the first four years of Obama were an absolute train wreck for the U.S. economy. Over the past four years, the percentage of working age Americans with a job has fallen, median household income has declined by more than $4000, poverty in the U.S. has absolutely exploded and our national debt has ballooned to ridiculous proportions. Of course all of the blame for the nightmarish performance of the economy should...
  • The private drone industry is like Apple in 1984

    01/26/2013 11:03:40 PM PST · by 2ndDivisionVet · 18 replies
    Yahoo! Finance / Quartz ^ | January 25, 2013 | Tim Fernholz
    You never forget your first drone. When the Phantom first takes off, it sounds like a swarm of bees. But when it rockets 200 feet into the air at 25 miles per hour, you can’t hear it at all. It’s just a small dot with blinking lights, waiting where you tell it to wait, taking pictures with its camera until you ask it to come back home. When the chief executive of DJI’s American subsidiary, Colin Guinn, came to Los Angeles to sell film studios on his company’s professional-grade unmanned aerial vehicles, he also let Quartz test-drive the company’s newest...
  • 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...