Keyword: obamanomics

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  • "Well, That's Never Happened Before" (U.S. Auto Loans down, Sales Down, Inventory Up)

    09/17/2016 4:41:20 PM PDT · by Perseverando · 49 replies
    Zero Hedge ^ | September 17, 2016 | Tyler Durden
    In the history of data from The Fed, this has never happened before... Aggregate Auto Loan volume actually fell last week... And less loans means one simple thing... less sales (because prices have never been higher and no one is paying cash)... Which is a major problem since motor vehicle production continues to rise as management is blindly belieiving the Hillbama narrative that everything is (and will be) awesome. The problem is... inventories are already at near record highs relative to sales (which are anything but plateauing)... In fact, the last time inventories were this high relative to sales, GM...
  • U.S. Payroll Growth Slowed in August; Jobless Rate Held Steady

    09/02/2016 5:46:34 AM PDT · by SoFloFreeper · 18 replies
    Wall Street Journal ^ | 9/2/16 | Eric Morath and Anna Louie Sussman
    <p>Nonfarm payrolls rose by a seasonally adjusted 151,000 last month, the Labor Department said Friday. Revisions showed U.S. employers added 1,000 fewer jobs in June and July than previously estimated.</p>
  • Recovering From the Post-Great Recession "Recovery"

    08/25/2016 3:26:50 PM PDT · by HomerBohn · 16 replies
    The New American ^ | 8/25/2016 | Robert McLaughlin
    By popular measures, the U.S. economy is in the midst of one of the longest economic recoveries in its history. After all, the current economic expansion — now 85 months and counting — is the fourth-longest since 1857. As reported by the Bureau of Labor Statistics, the U3 unemployment rate was 4.9 percent in July, less than half the level seen during the depths of the Great Recession. Meanwhile, the housing market is booming and the stock markets are hovering near their all-time highs. So why does the Real Clear Politics “Direction of Country” polling average indicate that Americans believe...
  • Since 2014 The US Has Added Half A Million Waiters & Bartenders

    08/05/2016 4:20:35 PM PDT · by vannrox · 32 replies
    zero hedge ^ | 5AUG16 | Tyler Durden
    Since 2014 The US Has Added Half A Million Waiters & Bartenders And No Manufacturing Workers: Here's Why by Tyler Durden Aug 5, 2016 12:43 PM 0 SHARES As part of our monthly tradition showing the gaping disparity in the quality of the US labor market, we present the breakdown between the lowest paid jobs available, those for workers in "food services and drinking places", also known as waiters and bartenders, and compare them to the number of workers in the traditionally best paid sector, manufacturing. Here is the bottom line: as the chart below shows, there have been half...
  • Millennials Cause Home Ownership to Drop to It's Lowest Level Since 1965

    07/28/2016 1:21:21 PM PDT · by GuavaCheesePuff · 77 replies
    NBC News ^ | July 28, 2016 | Diana Olick
    After rising just over a decade ago to its highest level ever, the nation's home ownership rate fell to match its all-time low and could drop even further in the months to come. In the second quarter of this year, the rate fell to 62.9 percent, not seasonally adjusted, which is the same as it was in 1965, when the U.S. Census started tracking the metric. During the epic housing boom in the mid-2000s, the rate soared as high as 69.2 percent. That was when politicians touted the so-called "ownership society."
  • Unemployment ticks higher in June

    07/08/2016 2:56:35 PM PDT · by SoFloFreeper · 13 replies
    Consumer Affairs ^ | 7/8/16 | James Limbach
    The nation's jobless rate rose 0.2% in June to 4.9%, as another 347,000 people found themselves out of work, according to figures released by the Department of Labor (DOL). At the same time, the economy created another 287,000 jobs last month, mostly in leisure and hospitality, health care and social assistance, and financial activities. ...labor force participation rate, at 62.7%, and the employment-population ratio, at 59.6%, showed little change...
  • IMF warns the US over high poverty

    06/24/2016 7:12:09 PM PDT · by Lorianne · 45 replies
    BBC News ^ | 22 June 2016
    The US has been warned about its high poverty rate in the International Monetary Fund's annual assessment of the economy. The fund said about one in seven people were living in poverty and that it needed to be tackled urgently. It recommended raising the minimum wage and offering paid maternity leave to women to encourage them to work. The report also cut the country's growth forecast for 2016 to 2.2% from a previous prediction of 2.4%. Slower global growth and weaker consumer spending were blamed.
  • For minorities, pain is severe decade after housing peaked

    06/22/2016 8:31:18 PM PDT · by Lorianne · 21 replies
    AP ^ | 20 June 2016 | Josh Boak
    When the U.S. housing bubble peaked a decade ago, soon to burst with far-reaching consequences, the pain was particularly severe for black and Hispanic Americans. A disproportionate number of minorities succumbed to subprime mortgages and foreclosures and lost their homes. Their collective loss of home equity and shift toward rental housing could widen America's racial and ethnic divides well into the future, according to researchers and housing advocates. The drop in home ownership has grown so severe that it could impede wealth creation for generations of minority families, said Antoine Thompson, executive director of the National Association of Real Estate...
  • Agency Directed by Obama to Perform Muslim Outreach Commissions Jobs Propaganda Posters for Mars

    06/19/2016 4:05:08 PM PDT · by DogByte6RER · 6 replies
    Mars.NASA.gov ^ | Mars.NASA.gov
    BE A MARTIAN! Mars needs YOU! In the future, Mars will need all kinds of explorers, farmers, surveyors, teachers . . . but most of all YOU! Join us on the Journey to Mars as we explore with robots and send humans there one day.
  • Average Family Today Has Less Income Than When Obama Took Office(?)

    06/11/2016 9:42:26 AM PDT · by rktman · 28 replies
    cnsnews.com ^ | 6/10/2016 | Daniel Mitchell
    What’s the most important economic statistic to gauge a society’s prosperity? I often use per-capita economic output when comparing nations. But for ordinary people, what probably matters most is household income. And if you look at the median household income numbers for the United States, Obamanomics is a failure. According to the Census Bureau’s latest numbers, the average family today has less income (after adjusting for inflation) than when Obama took office. In an amazing feat of chutzpah, however, the President is actually arguing that he’s done a good job with the economy. His main talking point is that the...
  • Record Shattering 94.7 Million Americans Not in the Labor Force. Up by 664,000 in One Month.

    06/10/2016 8:33:26 AM PDT · by Lorianne · 33 replies
    My Budget 360 ^ | June ? 2016
    The employment figures have turned into one giant inside joke. The mainstream press living in perpetual bubbles thinks that most of the American public is following one giant conspiracy theory if they don’t simply accept that everything is fantastic in the economy. The funny thing is that the same reporting agency that gives us a low unemployment rate also shows us that a record 94.7 million Americans are not in the labor force. These are Americans that can work but are simply out of the labor force (we are not counting children here). Wall Street and D.C. thinking is that...
  • Police: Feud between homeless camps triggered Burlington murder

    06/03/2016 11:14:31 AM PDT · by BenLurkin · 7 replies
    wcax ^ | 06/02/2016
    Beede was a transgender male and police initially considered the possibility the attack was a hate crime. But they now believe it was part of an ongoing feud between two nearby homeless encampments that included Beede retaliating for the spreading of feces on a tent. "Amos Beede took bottles of urine and dumped them in Erik Averill's tent. Once Erik Averill was able to determine it was Amos Beede who retaliated by dumping bottles of urine, he committed to then assaulting Mr. Beede. He enlisted help and executed the assault," said Burlington Police Chief Brandon del Pozo.
  • Record 94,708,000 Americans Not in Labor Force; Participation Rate Drops in May

    06/03/2016 6:44:58 AM PDT · by xzins · 28 replies
    CNS ^ | June 3, 2016 | Susan Jones
    A record 94,708,000 Americans were not in the labor force in May -- 664,000 more than in April -- and the labor force participation rate dropped two-tenths of a point to 62.6 percent, near its 38-year low, the Labor Department's Bureau of Labor Statistics reported on Friday. When President Obama took office in January 2009, 80,529,000 Americans were not participating in the labor force; since then, 14,179,000 Americans have left the workforce -- some of them retiring and some just quitting because they can't find work. "By almost every economic measure, America is better off than when I came here...
  • Payrolls Huge Miss: Only 38,000 Jobs Added In May; Worst Since September 2010 (gold price soaring)

    06/03/2016 5:43:42 AM PDT · by Zakeet · 86 replies
    Zero Hedge ^ | June 3, 2016
    If anyone was "worried" about the Verizon strike taking away 35,000 jobs from the pro forma whisper number of 200,000 with consensus expecting 160,000 jobs, or worried about a rate hike by the Fed any time soon, you can sweep all worries away: moments ago the BLS reported that in May a paltry 38,000 jobs were added, a plunge from last month's downward revised 123K (was 160K). The number was the lowest since September 2010! There is no way to spin this number as anything but atrocious.
  • The last time there were this many unsold $100M+ homes on the market, the world economy imploded

    05/30/2016 6:18:16 PM PDT · by SoFloFreeper · 48 replies
    boing boing.net ^ | 5/30/16 | Cory Doctorow
    Depending on how much credence you give to "whisper listings," there are between 27 and 50 $100,000,000+ houses on the market; last year, only two houses in that bracket sold worldwide. The glut of super-duper-ultra-luxury houses on the market worries economy-watchers, who view the oversupply as a bellwether for a housing crash -- the last glut (which wasn't nearly as pronounced as the current one) was in 2007/8.
  • For young Americans, living with their parents is now the norm

    05/24/2016 7:46:47 PM PDT · by detective · 31 replies
    CBS MONEYWATCH copied on Truth Revolt blog ^ | May 24, 2016 | By AIMEE PICCHI
    In Obama's America, a third of all young adults between the ages of 18 and 34 are broke, single, and living with their parents. The Pew Research Center released its new study showing that Millennials are tipping the scales for the first time in modern history. From CBS Money Watch: About 32.1 percent of Americans between 18 to 34 years old lived in their parents' homes in 2014, edging out the 31.6 percent who were married or living with a partner in their own household, the analysis of Census data found. The remaining 36 percent either live alone, are single...
  • Caterpillar Retail Sales Fall For Record 41 Consecutive Months

    05/20/2016 6:44:50 PM PDT · by Lorianne · 18 replies
    Zero Hedge ^ | 19 May 2016 | Tyler Durden
    For Caterpillar, the great recession was bad, for about 19 months. In May 2010, after declining sharply for just under two years, CAT posted it first positive global retail sales comps and never looked back... until December 2012 when comp sales once again turned negative and have been negative ever since. For the past 41 months! The breakdown showed that contrary to popular opinion, there has been no pick up in demand for heavy industrial machinery anywhere around the globe.
  • Pew: Middle class really is eroding

    05/14/2016 1:07:34 PM PDT · by Kaslin · 30 replies
    Hot Air.com ^ | May 14, 2016 | ED MORRISEY
    The rich get richer, the poor get poorer … but what happens to the middle class? It depends, according to a new study this week from Pew. In some metropolitan areas, the middle class move into the richer category, while in others it declines into the poorer. However, Pew’s research makes it clear that the middle class is narrowing: The American middle class is losing ground in metropolitan areas across the country, affecting communities from Boston to Seattle and from Dallas to Milwaukee. From 2000 to 2014 the share of adults living in middle-income households fell in 203 of the...
  • Claims for jobless aid reach highest level since early 2015

    05/12/2016 6:34:19 AM PDT · by Olog-hai · 12 replies
    Associated Press ^ | May 12, 2016 9:26 AM EDT | Paul Wiseman
    The number of Americans applying for unemployment benefits rose last week to the highest level since February 2015, more sobering news for the labor market after a disappointing April jobs report. The Labor Department reported Thursday that applications for jobless aid rose by 20,000 to a seasonally adjusted 294,000. The four-week average, a less volatile measure, rose by 10,250 to 268,250, highest in nearly three months. […] “Today’s jobless claims report was a surprise, and not a positive one,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors. “Jobless claims have moved sharply higher in recent weeks, reinforcing...
  • Freight Rail Traffic Plunges: Haunting Pictures of Transportation Recession

    05/06/2016 12:39:42 PM PDT · by Sgt_Schultze · 40 replies
    Wolf Street ^ | Wolf Richter | 4 May 2016
    292 Union Pacific engines idled in Arizona Desert Total US rail traffic in April plunged 11.8% from a year ago, the Association of American Railroads reported today. Carloads of bulk commodities such as coal, oil, grains, and chemicals plummeted 16.1% to 944,339 units. - snip - Only five of the 20 commodity categories saw gains. Of the decliners, coal was the biggest. But petroleum products also plunged 25%, and grain mill products dropped 7%. Even without coal, carloads were down 3% year-over-year.
  • Labor Force Participation Rate Dropped to 62.8% In April: 94,044,000 Out

    05/06/2016 7:30:05 AM PDT · by xzins · 62 replies
    CNS NEWS ^ | 6 May 16 | Susan Jones
    The number of Americans not in the labor force last month totaled 94,044,000, 562,000 more than in March -- and the labor force participation rate dropped to 62.8 percent (near a 38-year low), following four straight months of slight improvement. When President Obama took office in Janaury 2009, the labor force partipation rate was 65.7 percent, after hovering in the 66-67 percent range for much of the George W. Bush presidency. The recession inherited by the Obama administration officially ended in June 2009, but the labor force participation rate continued to drop during Obama's two terms, hitting 62.4 percent in...
  • Sound the Alarm: New Obama Regulations Will Push Private Retirement Savings Into Government Accounts

    04/09/2016 5:29:50 PM PDT · by Libloather · 104 replies
    Townhall ^ | 4/08/16 | Katie Pavlich
    If you thought Obamacare was terrifying, just wait until you read about what President Obama's regulatory agencies are planning to do with your retirement savings. According to an alarming report in the Wall Street Journal, government regulators at the Labor Department will be implementing new rules at the end of the year that will eventually force private retirement investments into government accounts. How? By making private investment options, specifically IRAs, too burdensome, a liability and expensive. Bolding is mine.
  • 19 Facts That Prove Things In America Are Worse Than They Were Six Months Ago

    04/07/2016 9:49:03 PM PDT · by Nachum · 36 replies
    zero hedge ^ | 4/7/16 | tyler durden
    While we all very capable of discerning the 'recovery' facts from the peddled recovery fiction throughout President Obama's reign... ...a close up over the last six months suggests things are getting worse in a hurry. As The Economic Collapse blog's Michael Snyder details, while most people seem to think that since the stock market has rebounded significantly in recent weeks that everything must be okay, that is not true at all. Has the U.S. economy gotten better over the past six months or has it gotten worse?  In this article, you will find solid proof that the U.S. economy has continued...
  • Shocker cuts to Q1 growth pace show faltering economy

    03/28/2016 11:01:16 AM PDT · by upchuck · 18 replies
    cnbc ^ | March 28, 2016 | Patti Domm
    First-quarter growth is now tracking at just 0.9 percent, after new data showed surprising weakness in consumer spending and a wider-than-expected trade gap. According to the CNBC/Moody's Analytics rapid update, economists now see the sluggish growth pace based on already reported data, down from 1.4 percent last week. According to the rapid update, economists have a median forecast of 1.6 percent growth in first-quarter GDP, which includes their estimates for data not yet released. "It's not a polar vortex winter. You can't blame the weather this year. It's the consumer. I think there's a problem with the measurement but at...
  • Charlie Daniels: Obama Is Leaving America a Much Weaker and More Divided Nation

    03/03/2016 6:54:34 AM PST · by rktman · 16 replies
    cnsnews.com ^ | 3/2/2016 | Charlie Daniels
    I will be the first to admit that I have been bitterly disappointed in President Obama's tenure. Some of the disagreements are philosophical in nature: the fact that he believes in a different America than the one I believe in. Obama’s vision is an America with a bigger government, more bureaucratic control and income redistribution, basically European-style socialism, which, in my opinion, is doing damage to the nation that will take decades to repair.
  • Exclusive: Poverty up, services diminished in Chicago's black neighborhoods - study

    03/02/2016 7:03:21 AM PST · by SoFloFreeper · 34 replies
    reuters ^ | 3/2/16 | MARY WISNIEWSKI
    Predominantly African-American neighborhoods in Chicago have seen poverty rise and services diminish even as the nation's third largest city has become less racially segregated, according to a study released on Wednesday. While Chicago has become more racially balanced over the decades with more neighborhoods showing no majority populations, black areas are seeing economic stagnation or decline, according to the study by the Chicago Urban League, which promotes progress for blacks. "This is not a situation that's getting better. This is a situation that's getting worse," said Stephanie Bechteler, director of research and evaluation for the Chicago Urban League. "We must...
  • U.S. stocks tumble to 22-month low as energy, financials drop

    02/08/2016 7:59:26 AM PST · by John W · 27 replies
    marketwatch.com ^ | February 8, 2016 | Ellie Ismailidou
    U.S. stocks tumbled Monday morning to their lowest level in 22 months as a fresh drop in oil prices amid continuing fears of economic slowdown pushed investors to the perceived safety of government bonds and gold. "Is the market throwing out the baby with the bath water?"said James Meyer, chief investment officer at Tower Bridge Advisors, referring to the "rapid fall in prices for the high flying tech and biotech names that have been leading the market for the past 12 months." "The former leaders of the previous bull cycle are the ones that get taken to the woodshed in...
  • So this is what 'full employment' looks like? [That's essentially what we have today]

    02/07/2016 7:29:45 AM PST · by SeekAndFind · 25 replies
    CNBC ^ | 02/07/2016 | Jeff Cox
    For more than seven years, Federal Reserve officials have touted their progress toward achieving "full employment," with the most recent target a 4.9 percent unemployment rate. With Friday's nonfarm payrolls report showing that the goal has been achieved, perhaps the Fed can raise the "Mission Accomplished" banner along with a welcome mat to the world of "full employment." The jobless rate last reached this level in February 2008, following a run from June 2005 to April 2008 during which unemployment never eclipsed 5 percent. Getting a "4-handle" on the number -- using Wall Street lingo -- was supposed to represent...
  • Why doesn't 4.9% unemployment feel great?

    02/07/2016 7:05:54 AM PST · by Citizen Zed · 27 replies
    cnn money ^ | 2-6-2016 | Heather Long
    1. Only 62.7% of adult Americans are working. The so-called Labor Force Participation rate hasn't been this low since the late 1970s. ... 2. Long-term unemployment is still high. ... About 2.1 million Americans have been unable to get a job for over half a year. The government calls these people the "long-term unemployed." ... 3. Wage growth is anemic. ... The typical take home pay (often called "median income" by the Census Bureau) is about the same today as it was 20 years ago, once you adjust for inflation. In other words, middle class families aren't really getting ahead....
  • Dow logs nearly 300-point loss as oil sinks below $30

    02/02/2016 2:24:13 PM PST · by John W · 21 replies
    marketwatch.com ^ | Februry 2, 2016 | Ellie Ismaildou
    Wall Street stocks ended sharply lower Tuesday as investors unloaded energy and financial stocks amid a selloff in crude-oil futures, which settled below $30 a barrel. The downdraft in energy shares and banks offset strong gains in Google parent Alphabet Inc.-which officially surpassed Apple Inc. to become the most valuable company in the world-toy maker Mattel, and fashion retailer Michael Kors. A fresh 5.5% slump in oil prices following a 6% slide Monday, weighed on energy companies' stocks. The energy sector had the worst performance of the S&P 500's 10 sectors, down 3.3%, followed by financials, declining 2.6%.
  • U.S. stocks fall after Fed statement

    01/27/2016 11:50:47 AM PST · by John W · 14 replies
    marketwatch.com ^ | January 27, 2016 | Anora Mahmudova & Sara Sjolin
    U.S. stocks moved back into the red Wednesday after the Federal Reserve left interest rates unchanged and said "economic growth slowed" since its last meeting in December. "Inflation is expected to remain low in the near term," the Fed said in new, more cautious language, that suggests the central bank won't be quick to raise interest rates again. "Lower oil prices and weak global economic growth would make the Fed more cautious about its tightening policy. The second interest rate increase in March has become unlikely," said Jia Liu, research fellow at the American Institute for Economic Research in emailed...
  • Economic Activity Is Slowing Down Much Faster Than The Experts Anticipated

    01/25/2016 5:44:17 PM PST · by SkyPilot · 66 replies
    The Economic Collapse ^ | 25 Jan 16 | Michael Snyder
    We have not seen global economic activity fall off this rapidly since the great recession of 2008. Manufacturing activity is imploding all over the planet, global trade is slowing down at a pace that is extremely alarming, and the Baltic Dry Index just hit another brand new all-time record low. If the "real economy" consists of people making, selling and shipping stuff, then it is in incredibly bad shape. Here in the United States, the dismal economic numbers continue to stun all of the experts. For example, on Monday we learned that the Texas general business activity index just...
  • Obamanomics in Catastrophic Action: New mortgage program steering toward another housing collapse

    01/22/2016 8:42:52 AM PST · by SeekAndFind · 23 replies
    FrontPage Mag ^ | 01/22/2016 | John Perazzo
    Remember a few years ago, when the American housing market collapsed as a direct result of government policies that—in the name of racial justice—pressured banks to approve mortgage loans for massive numbers of underqualified nonwhite applicants? Remember how that collapse set in motion the financial crisis that then-presidential candidate Barack Obama repeatedly called “the worst economy since the Great Depression”? And remember how Obama—who had long been a leading proponent of precisely the policies that had triggered the crisis—cast himself as the savior who was going to restore fiscal sanity and untangle the whole big mess? Well, now Savior Obama...
  • Stockman: We are at peak debt headed for a recession

    01/21/2016 8:22:39 PM PST · by Pan_Yan · 59 replies
    CNBC ^ | January 21, 2016 | David Stockman
    Video at link. David Stockman (Office of Budget and Management, Reagan Administration) explains why the market will not be going up any time soon.
  • CBO Issues Dire Warning on U.S. Government finances

    01/20/2016 5:27:15 PM PST · by Lorianne · 38 replies
    China Money Report ^ | 20 January 2016 | D. Collins
    Government estimates of debt over the next decade have gone from adding $1.5 trillion in debt to $9.4 trillion due to recent tax legislation. That will put the country up over $30 trillion in debt assuming there are no further recessions. This is the decade of no return. Seems blowing up peoples countries and importing their poor and putting them on benefits is no longer working. We have also tried closing all our factories and letting the world scam us out of jobs in the “free trade” system. World’s highest tax rates…not seeming to help either. Cramming people into “universities”...
  • CEOs Around the World Are Running Scared

    01/20/2016 12:02:23 PM PST · by TigerClaws · 12 replies
    Confidence is at a low. The Davos man is, once again, less confident than he was a year ago. Only 27% of CEOs around the world think the global economy will improve in 2016, according to a new survey by PricewaterhouseCoopers. That was down from 37% a year ago; confidence peaked 2014 at 44%. The accounting and consulting firm released the survey of more than 1,300 top executives on the first official night of the World Economic Forum, the global confab held each year in Switzerland.
  • Markets In TurmOIL: Futures Plunge, Japan Enters Bear Market, Crude And Commodity Currencies Crash

    01/20/2016 4:51:34 AM PST · by Zakeet · 34 replies
    ZeroHedge ^ | January 20, 2016
    It all started early last night when the front month oil contract dipped below $28 giving a taste of what was to come. It was all downhill from there. First Chinese stocks ended the recent ramp higher, with the Shanghai Composite closing down 1% back under 3000, then Japan's rout accelerated with both the Nikkei (-3.7%) and the Topix Index sinking into bear markets, both falling more than 20% from their 2015 highs. [Snip] Yields on 10-year Treasuries dropped below 2 percent and the yen jumped to a one-year high. "It's back to oil and that's what is driving everything...
  • A key US economic indicator is on an ugly streak that has never occurred outside a recession

    01/19/2016 1:44:56 PM PST · by Nachum · 26 replies
    Yahoo ^ | 1/19/16 | Bob Bryan
    There has been increasing focus on the US economy's probability of heading into a recession. According to John Hussman of Hussman Funds, it's not just probable; it's nearly guaranteed. "Since October, the economic evidence has shifted from supporting a growing risk of recession, to a guarded expectation of recession, to the present conclusion that a US recession is not only a risk but an imminent likelihood, awaiting confirmation that typically only emerges after a recession is actually in progress," Hussman said in a post Monday. His key piece of evidence stems from Friday's US report on industrial production. The data...
  • All Stock Markets Down (noon, EST): DOW -475,NASDAQ,AMEX, S&P -175..."Not Oboma's Fault" ABCNNBCBS

    01/15/2016 9:52:43 AM PST · by Robert A. Cook, PE · 10 replies
    http://www.nasdaq.com/markets/ ^ | 01-15-2016 | RACookPE1978
    Not much to say ... Only another few trillion lost from the pension funds, IRA's and 401K invested "for the future" ... So, when will the powers-that-be decide that "money" trumps "their liberal ideology" so the money stops protecting and defending democrat politics?
  • Dow plunges 500 points as fear grips markets

    01/15/2016 9:50:06 AM PST · by dragnet2 · 131 replies
    CNN.com ^ | 1/15/2015 | Matt Egan
    The Dow plunged 500 points on Friday afternoon, leaving it on track for the worst day since the late August market freakout. The S&P 500 fell 3.3%, while the Nasdaq lost 4%.
  • Dow briefly falls 500; S&P takes out Aug. low, falls 3%

    01/15/2016 9:46:33 AM PST · by TigerClaws · 16 replies
    U.S. stocks traded sharply lower Friday after a slew of disappointing U.S. data, a fresh plunge in oil, taking it below $30 a barrel, and a sell-off in Chinese stocks added to mounting concerns about slowing global growth. The S&P 500 fell below its August low of 1,867, briefly trading 3.5 percent lower in midday trade. The Nasdaq composite lost more than 4 percent in midday trade. "I think it means we can continue to go lower. ... Crude continues to struggle as we continue to get mixed signals from China," said JJ Kinahan, chief strategist at TD Ameritrade.
  • DJIA -496 (-3%)

    01/15/2016 9:47:19 AM PST · by kidd · 117 replies
    MSN ^ | 1/15/2016 12:45 (EDT) | MSN
    Opened at 16,354.33 Down 496.57 Down 3.03%
  • The State of the Nation: A Dictatorship Without Tears

    01/13/2016 8:56:06 AM PST · by Perseverando · 5 replies
    The Rutherford Institute ^ | January 11, 2016 | John W. Whitehead
    “There will be, in the next generation or so, a pharmacological method of making people love their servitude, and producing dictatorship without tears, so to speak, producing a kind of painless concentration camp for entire societies, so that people will in fact have their liberties taken away from them, but will rather enjoy it, because they will be distracted from any desire to rebel by propaganda or brainwashing, or brainwashing enhanced by pharmacological methods. And this seems to be the final revolution.”—Aldous Huxley There’s a man who contacts me several times a week to disagree with my assessments of the...
  • Tavis Smiley: On Every Leading Economic Issue Black Americans Have Lost Ground Under Obama [video]

    01/12/2016 7:27:04 AM PST · by grundle · 17 replies
    Getaway Pundit ^ | January 11, 2016
    On Monday night urban radio show host Tavis Smiley told Megyn Kelly Barack Obama has failed black Americans as president. Megyn Kelly: On the subject of race, are we better off today that seven years ago? Tavis Smiley: I'm not sure we are and I think ultimately the president missed a moment... On every leading economic issue, in the leading economic issues Black Americans have lost ground in every one of those leading categories. So in the last ten years it hasn't been good for black folk. This is the president's most loyal constituency that didn't gain any ground in...
  • 'Nothing Is Moving,' Baltic Dry Crashes As Insiders Warn 'Commerce Has Come To A Halt'

    01/11/2016 12:07:50 PM PST · by Gritty · 54 replies
    Zero Hedge ^ | 01/11/2016 | Tyler Durden
    The continued collapse of The Baltic Dry Index remains ignored by most - besides we still have Netflix, right? But, as Dollar Vigilante's Jeff Berwick details, it appears the worldwide 'real' economy has ground to a halt!! Last week, I received news from a contact who is friends with one of the biggest billionaire shipping families in the world. He told me they had no ships at sea right now, because operating them meant running at a loss. This weekend, reports are circulating saying much the same thing: The North Atlantic has little or no cargo ships traveling in its...
  • Bill Clinton’s damning indictment of Obamanomics (Hussein sucks?)

    01/09/2016 3:38:50 PM PST · by Libloather · 4 replies
    NY Post ^ | 1/08/16 | Deroy Murdock
    Bill Clinton flew to New Hampshire and unsealed an indictment against Obama's economy. Campaigning in Exeter, Hillary's "secret weapon" told Granite State voters Monday, "I think this election is about restoring broadly shared prosperity, rebuilding the middle class, giving kids the American Dream back." The former president may have seemed to hammer some far-Right Republican president who gleefully impoverishes average Americans while enriching his fellow plutocrats. However, a far-Left Democrat has been president for seven years this month. Thus, the economic stagnation that Clinton critiqued is Obama's. In Obama's first or second year, Clinton might have managed to blame Baby...
  • The U.S. Economy’s Latest Growth Is Looking Increasingly Frail

    01/06/2016 3:30:47 PM PST · by Citizen Zed · 3 replies
    wsj ^ | 1-4-2016 | JOSH MITCHELL
    The first week of 2016 has brought sinking temperatures and stocks-and now weaker estimates of economic growth for the fourth quarter. Before Monday, the U.S. economy appeared to have ended 2015 on solid, though unspectacular, footing. Many economists were estimating that the nation's gross domestic product-or the sum of all goods and services produced-grew at an annual pace of roughly 2% in October through December. That would match the third quarter's pace and fall roughly in line with average growth throughout the current expansion. But those estimates are falling, due to weak readings Monday morning on the nation'd manufacturing and...
  • Most Americans are one paycheck away from the street

    01/06/2016 11:30:32 AM PST · by Citizen Zed · 80 replies
    MarketWatch ^ | 1-6-2016 | Quentin Fottrell
    Why aren't people saving? Millions of Americans are struggling with student loans, medical bills and other debts, says Andrew Meadows, a San Francisco-based producer of "Broken Eggs," a documentary about retirement. Central bankers hiked their short-term interest rate target last month to a range of 0.25% to 0.50% from near-zero, but that's still a small return for savings left in bank accounts. Indeed, personal savings rates as a percentage of disposable income dropped from 11% in December 2012 to 4.6% in August 2015, according to the Bureau of Economic Analysis , and now hover at 5.5%. More money and education...
  • US Factory Orders Deep In Recession - Tumble YoY For 13th Month In A Row

    01/06/2016 8:03:12 AM PST · by GilGil · 23 replies
    Zero Hedge ^ | 1/6/2016 | Tyler Durden
    US factory orders have never dropped this far for so long without the US economy overall being in recession. November's 4.2% YoY drop is the 13th consecutive monthly drop. Revisions to durable goods data shows a 1% drop in new orders ex-defense in November after rising 1.4% in October.. and as a reminder, this data was buoyed by a 46.9% surge in defense aircraft and parts orders to all-time highs. Factory Orders are flashing deep red recessionary indicators...
  • Internet and work

    01/04/2016 6:12:11 PM PST · by saleman · 86 replies
    Me
    I'm in the Automobile business and have been for about 25 years. Believe it or not the Auto business has gotten into the internet age. Big time! Heck, our dealership has only had a website for....maybe 8 years? Something like that. We don't have an internet dept. Salespeople receive internet leads based on a round robin type of thing. When an internet lead is sent then the first thing sent is an auto response. Then the salesperson responds with a template and if a phone number is included, a call. Here's the thing. As of today, sales people are required...