Free Republic 4th Quarter Fundraising Target: $85,000 Receipts & Pledges to-date: $71,136
83%  
Woo hoo!! And now less than $13.9k to go!! We can do this. Thank you all very much!!

Keyword: recession

Brevity: Headers | « Text »
  • Japan's slip into surprise recession paves way for tax delay, snap poll

    11/17/2014 1:28:46 PM PST · by SeekAndFind · 6 replies
    Reuters ^ | 11/17/2014 | LEIKA KIHARA AND LINDA SIEG
    Japan's economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election two years before he has to go to the polls. The recession comes nearly two years after Abe returned to power promising to revive the economy with his "Abenomics" mix of massive monetary stimulus, spending and reforms, and is unwelcome news for an already shaky global economy. Gross domestic product (GDP) shrank by an annualised 1.6 percent in July-September, after plunging 7.3 percent in the second quarter following a rise...
  • Japan in recession as economy contracts 1.6 pct

    11/16/2014 5:38:02 PM PST · by Olog-hai · 4 replies
    Associated Press ^ | Nov 16, 2014 8:30 PM EST | Elaine Kurtenbach
    Japan reported Monday that its economy contracted at a real annual rate of 1.6 percent in July-September, in a second straight quarterly decline that returned the country to recession. A 24.1 percent plunge in private residential investment from a year earlier failed to offset a modest recovery in exports and a 1.5 percent increase in household spending. Most economists had forecast that the world’s third-biggest economy would expand at about a 2 percent pace. The negative growth figure was much lower than expected and makes it very likely Prime Minister Shinzo Abe will delay implementation of a sales tax hike...
  • Wal-Mart 'urgent' memo urges improvement at U.S. stores: NYT

    11/12/2014 5:36:14 PM PST · by SkyPilot · 152 replies
    Reuters ^ | 12 Nov 14 | Reuters staff
    Wal-Mart stores Inc issued an "urgent agenda" memo to its store managers across the United States last month, laying out guidelines to boost sales of "chilled and fresh" food, the New York Times reported. The memo, marked "highly sensitive", asks Wal-Mart marketing managers to make sure they discount aging meat and baked goods to maximize chances of selling them before their expiration dates, according to the report. Wal-Mart, which has posted six straight quarters of flat or declining same-store sales growth, has been battling a stronger dollar and a reduction in U.S. food stamp benefits, which has eaten into...
  • A Tiny Firm That Saw The 1929 Crash Coming Sees Trouble For 2015

    11/10/2014 6:31:14 AM PST · by blam · 31 replies
    BI ^ | 11-10-2014 | Elena Holodny
    Elena Holodny November 10, 2014A small firm that predicted the market crash back in 1929 is back with an ominous message. According to Bloomberg, the Jerome Levy Forecasting center sees a 65% chance of a recession in 2015. "Clearly the direction of most of the recent global economic news suggest movement toward a 2015 downturn," said David Levy, the chairman of the Jerome Levy Forecasting Center. Levy's forecasts contrasts with the Wall Street consensus, which is confident growth will continue for years. Back in 1929, Jerome Levy — grandfather of now chairman David Levy — "didn't like what he saw...
  • Inflation: Not Entirely Tame (Captain Obvious Alert!)

    10/25/2014 2:54:44 PM PDT · by Red in Blue PA · 9 replies
    The graph above shows that after years of holding back inflation rates, the rate of housing inflation is boosting the rate of inflation. Month-to-month housing inflation was up 0.3% compared with the overall inflation rate of 0.1%. It's not just a one-month phenomenon, either, as year-over-year shelter price increases were up 3.0% versus 1.7% for the overall rate of inflation. Unfortunately, shelter is the single biggest component of the CPI calculation, so big moves here are magnified. For some perspective, gasoline is 5% and food is 14% of the CPI calculation. The good news is that consumers, with locked-in mortgages,...
  • Europe must drop the euro, Germany abandon mercantilism

    10/20/2014 2:25:51 PM PDT · by EBH · 5 replies
    UPI ^ | 10/20/2014 | Peter Moricici
    Europe faces yet another recession, and the prospect is shaking global financial markets. To eliminate the persistent threat of collapse, Europe must drop the euro, and Germany must abandon mercantilism. When the euro was adopted in 1999, domestic prices -- the face values for bonds and loans -- and bank accounts were translated into euros according to prevailing exchange rates for national currencies at the time. Initially, the single currency posed few significant problems. Over time, however, differences in labor market policies and geographic conditions that are difficult for governments to alter caused productivity to grow more rapidly in Germany...
  • EU's triple whammy: Recession, deflation, and debt

    10/16/2014 7:34:02 AM PDT · by SeekAndFind · 5 replies
    American Thinker ^ | 10/16/2014 | Rick Moran
    Here we go again. Another sovereign debt crisis on the periphery of the EU is underway and many of the same factors that led to previous debt meltdowns are present. Germany is headed for a triple dip recession. Continent-wide deflation is nearly a reality. And many EU nations are smashing the debt limits demanded by treaty, thus threatening the Euro itself. All of this is impacting the percentage of debt in relation to GDP in several countries, making government bonds more expensive and debt servicing a nightmare. The Hill: Among Europe's most recent economic tremors has been the growing evidence...
  • Eurozone on cusp of triple-dip recession as German exports crumble

    10/10/2014 8:20:18 AM PDT · by SeekAndFind · 4 replies
    The Telegraph ^ | 10/10/2014 | By Ambrose Evans-Pritchard
    Germany’s exports are falling at the fastest rate since the global crisis in 2009, raising fears of a triple-dip recession and a disastrous relapse for the rest of the eurozone. The country’s five economic institutes - or "Wise Men" - slashed their growth forecast for Germany from 2pc to 1.2pc next year, warning that the latest measures unveiled by the European Central Bank will add “hardly any” extra stimulus to the real economy and may be unworkable. Christine Lagarde, the head of the International Monetary Fund, warned that the eurozone is at “serious risk” of falling back into recession if...
  • Eurozone in danger of repeating Japanese stagnation, IMF chief warns

    10/10/2014 6:07:07 AM PDT · by TigerLikesRooster · 10 replies
    euobserver ^ | 2014/10/10 | Benjamin Fox
    Eurozone in danger of repeating Japanese stagnation, IMF chief warns By Benjamin Fox BRUSSELS - International Monetary Fund boss Christine Lagarde has warned that the eurozone risks following Japan and falling into a prolonged cycle of recession and stagnation. Speaking on Thursday (9 October) ahead of the IMF's annual meeting in Washington DC, Lagarde said: “We have also alerted to the risk of recession in the eurozone", putting the likelihood of a drop in output at "between 35-40%, which is not insignificant". “We are not saying that the eurozone is heading towards recession, but we are saying that there is...
  • Europe's Triple-Dip Recession Arrives: German Industrial Production Crashes Most Since February 2009

    10/07/2014 7:19:41 AM PDT · by blam · 4 replies
    Zero Hedge ^ | 10-6-2014 | Tyler Durden
    Tyler Durden 10/07/2014Yesterday it was German manufacturing orders which cratered 5.7% in August following a freak, 4.9% rebound in July, prompting Goldman to warn that "the underlying dynamic has weakened further at the end of Q3" ... ... And then a few hours ago we finally got undeniable confirmation that Europe is once again in recession, its third since Lehman, only this one is worse: it is led by the "core" countries, with Germany in the forefront, a Germany which just reported industrial output which suffered its biggest monthly decline in more than five years in August. Specifically, German IP...
  • The Great Recession: The financial crisis that keeps on giving

    09/29/2014 2:01:22 PM PDT · by SeekAndFind · 6 replies
    Los Angeles Times ^ | 09/29/2014 | SCOTT MARTELLE
    The Great Recession has lasted a lot longer for some than for others. A new survey from Rutgers University’s John J. Heldrich Center for Workforce Development found that “one in five workers - or nearly 30 million people - say they were laid off from a job in the past five years," dating back to the end of the recession in June 2009. "Nearly 4 in 10 of these laid-off workers say they searched for a job for more than seven months before finding another one; one in five workers laid off during the past five years never found another...
  • Tom Friedman says Reagan had it easy compared to Obama

    09/28/2014 11:53:42 AM PDT · by 2ndDivisionVet · 60 replies
    American Thinker ^ | September 28, 2014 | Thomas Lifson
    The rationalizations for Obama’s failures are already beginning, and Tom Friedman employs the laziest of all strategies, tearing down a great man to make a small man look bigger. In his Sunday column in the New York Times, Friedman makes a number of highly dubious points. These days there is a lot of “if-only-Obama-could-lead-like-Reagan” talk by conservatives. I’ll leave it to historians to figure out years from now who was the better president. On the question of the domestic economy, there can be little doubt. Reagan inherited far higher unemployment and high inflation, and within a year or so had...
  • For 90% Of Americans: There Has Been No Recovery

    09/11/2014 7:03:28 AM PDT · by SeekAndFind · 23 replies
    Street Talk Live ^ | 09/11/2014 | Lance Roberts
    Every three years the Federal Reserve releases a survey of consumer finances that is a stockpile of data on everything from household net worth to incomes. The 2013 survey confirms statements I have made previously regarding the Fed's monetary interventions leaving the majority of Americans behind: "While the ongoing interventions by the Federal Reserve have certainly boosted asset prices higher, the only real accomplishment has been a widening of the wealth gap between the top 10% of individuals that have dollars invested in the financial markets and everyone else. What monetary interventions have failed to accomplish is an increase in production...
  • Biden Says Hoarders Are Retarding Economy

    09/07/2014 9:43:29 AM PDT · by John Semmens · 46 replies
    Semi-News/Semi-Satire ^ | 5 Sep 2014 | John Semmens
    Citing a paper released this week by the St. Louis Federal Reserve, Vice-President Joe Biden blamed American consumers for the sluggish economy. “The government is doing everything it can to try to stimulate the economy,” Biden contended. “The federal government is spending every dollar it can get its hands on. The Federal Reserve is manufacturing new dollars at an unprecedented pace. But consumers are just sitting on their cash.” “Hoarding cash makes no sense,” the Veep argued. “The dollar’s purchasing power is being diluted on a daily basis by government policies. Spending your dollars before they lose even more value...
  • Rosenberg: The Next Recession Could Be 4 Years Away

    08/27/2014 7:06:48 AM PDT · by blam · 11 replies
    Pragmatic Capitalism ^ | 8-27-2014 | Cullen Roche
    Cullen Roche Wednesday, August 27th, 2014 Talk about a flip in perspective. David Rosenberg, who had been bearish for years, has turned into one of the biggest bulls on Wall Street. The Gluskin Sheff analyst now says his recession forecasting model could be pointing to another four years of economic expansion (via a recent note of his): (snip)
  • “This Was the Moment...”...Really???

    08/22/2014 6:35:39 AM PDT · by NOBO2012 · 9 replies
    Michelle Obama's Mirror ^ | 8-22-2014 | MOTUS
    As it turns out, the media shark jumping thing may have started earlier than I originally thought. The Washington Post took a small leap earlier this year with their editorial: “President Obama’s foreign policy is based on fantasy.”And earlier this summer Charles Krauthammer criticized what he called Big Guy’s “John Lennon, bumper-sticker foreign policy — Imagine World Peace” ; saying it demonstrated “wish-as-policy fecklessness from our bystander president” Due to continuing ISIS, al Qaeda, Hezbollah, Hamas, Boka Haram, et al, barbarism, the illusion of peace is experiencing technical difficulties. Still, accusing el Presidente of living in fantasy land is going...
  • Fed Survey: 1/3 of Americans say they are worse off 5 years after recession

    08/08/2014 7:49:29 AM PDT · by SeekAndFind · 20 replies
    American Thinker ^ | 08/08/2014 | Rick Moran
    There's a lot of economic anxiety in America today, so it's no surprise that the Federal Reserve has discovered substantial pessimism about Americans' own personal financial situation. The Feds most recent survey shows that 1/3 of Americans believe themselves to be worse off 5 years after the recession ended.Wall Street Journal: More American households say they are worse off  rather than better five years after the recession, a new Federal Reserve survey found. The report, released for the first time on Thursday, found 34% of households said they were “somewhat worse” or “much worse” financially in 2013 compared to 2008....
  • Bye-bye American Pie! It’s been a Sweet Ride.

    08/07/2014 8:06:58 AM PDT · by NOBO2012 · 13 replies
    Michelle Obama's Mirror ^ | 8-7-2014 | MOTUS
    Perhaps this explains that “you’re dead to me” look in Big Guy’s eyes while toasting his guests at Tuesday’s State dinner: To the dictators! Long may we not “just be standing around.” Or if that’s not it, maybe it’s because of this: A new Wall Street Journal/NBC News poll found that despite the steady pace of hiring in recent months, 76% of adults lack confidence that their children's generation will have a better life than they do—an all-time high. Some 71% of adults think the country is on the wrong track, a leap of 8 points from a June survey,...
  • Odd Trends: More Americans Remain on Food Stamps, Post-Recession

    08/03/2014 7:00:11 PM PDT · by Kaslin · 31 replies
    Townhall.com ^ | August 3, 2014 | Kevin Glass
    The Supplemental Nutrition Assistance Program (SNAP, commonly referred to as food stamps) has seen a meteoric rise in enrollment in the last fifteen years, and especially in the wake of the 2008 recession. The spike in SNAP recipients post-2008 is to be expected - but the maintenance of those high enrollment numbers is an anomaly. American Enterprise Institute scholar Robert Doar testified before the House Committee on Agriculture recently to examine this exact question. Doar notes that changes in the SNAP program that took place during this time period may disincentivize work requirements - and keep SNAP participation among working-age...
  • Trendy Chipotle burritos show how pricing power belongs to the hip

    07/29/2014 6:28:27 AM PDT · by C19fan · 83 replies
    Reuters ^ | July 28, 2014 | Jeffrey Dastin
    Corporate America can learn a lot from a chicken burrito. As many companies struggle to boost prices without alienating consumers, they may want to study Mexican-food chain Chipotle, which has managed to do both. Companies including Chipotle Mexican Grill Inc (CMG.N), Apple Inc (AAPL.O) and PepsiCo (PEP.N) have shown they're able to take advantage of quality, trendiness, and, in the case of Pepsi's snack foods, market dominance, to maintain high prices or even raise them faster than the inflation rate, now at about 2.1 percent in the U.S. Chipotle raised chicken-dish prices by 5 percent this year after leaving them...
  • Based on the Non-Massaged Data, the US is Back in Recession

    07/26/2014 11:02:40 AM PDT · by SeekAndFind · 12 replies
    Zero Hedge ^ | 07/25/2014 | Phoenix Capital Research o
    Beneath all of the bogus economic data, the US economy is tanking again. One of the biggest games played by the bean counters in Washington in the US is the overstatement of GDP growth by understating inflation. Consider this simple example. Let’s say that the US GDP grew by 10% last year. Now let’s say that inflation also grew by 10%. In this scenario, real inflation adjusted GDP growth was ZERO. However, announcing ZERO GDP growth is a major problem politically. So what do the Feds do? They claim that inflation was just 8%, and BOOM you’ve got 2% GDP...
  • "Seasonal Adjustment" Swings Initial Jobless Claims From 6-Month Highs To Cycle Lows

    07/17/2014 3:15:10 PM PDT · by Perdogg · 3 replies
    Once again we were spot on. Because as the DOL just reported, yet again the fate of the US economy is left to seasonal adjustments. Non-seasonally-adjusted initial jobless claims surged over 47,000 this week to its worst in 6-months. But by the magic of PhD adjustment, this translated into 3,000 seasonally-adjusted drop from last week, beating expectations and printing near 'recovery' cycle lows. We can only imagine the adjustments needed to cope with Microsoft's layoffs. 2014 has seen the smallest percentage drop in initial claims since the crisis began.
  • U.S. Economy-Plunge, Stagnation & Turning Down Anew-John Williams

    07/14/2014 10:21:03 AM PDT · by GilGil · 19 replies
    USAWatchdog.com ^ | 7/1/2014 | John Williams
    Back in 2013, Williams predicted that it would be “game over” in 2014. What are the statistics showing him now? Williams says, “They are showing the economy continues to weaken, and it never recovered. A second quarter contraction here would most assuredly be recognized as a new recession, and I contend we never got out of the old recession. We had plunge, stagnation and, now, we are turning down anew.”
  • This One Market Measure Has A Perfect Track Record For Predicting US Recessions

    07/08/2014 6:11:42 PM PDT · by SeekAndFind · 9 replies
    Business Insider ^ | 07/08/2014 | Sam Ro
    There are very few market indicators that can predict recessions without sending out false positives. The yield curve is one of them. At a breakfast earlier today, LPL Financial's Jeffrey Kleintop noted that the yield curve inverted just prior to every U.S. recession in the past 50 years. "That is seven out of seven times — a perfect forecasting track record," he reiterated. The yield curve is inverted when short-term interest rates (e.g. the 3-year Treasury) are higher than long-term interest rates (e.g. the 10-year Treasury yield). "The yield curve inversion usually takes place about 12 months before the start...
  • How Recession-Proof Is Your Job Sector?

    07/08/2014 12:46:53 PM PDT · by SeekAndFind · 15 replies
    Of Two Minds ^ | 07/08/2014 | Charles Hugh-Smith
    History suggests that previously sound assumptions about financial security and recession-proof sectors may not apply in the next recession. Nobody wants to lose their job in a recession, but that's what happens when credit tightens, profits fall and tax revenues decline. Every enterprise that can't borrow unlimited sums of money at near-zero interest rates has to cut costs, and since labor and labor overhead (pension contributions, healthcare insurance, etc.) are the biggest expense for the vast majority of enterprises (including government agencies), payroll must be trimmed one way or another: either by lay-offs or by attrition, i.e. not hiring replacements for...
  • The Deteriorating Economic Outlook

    07/08/2014 11:56:14 AM PDT · by GilGil · 20 replies
    Paulcraigroberts.com ^ | 7/8/2014 | Craig Roberts
    The first quarter contraction, especially our corrected number, implies a second quarter negative real GDP. In other words, the years of Quantitative Easing (money printing) by the Federal Reserve has not resulted in economic recovery from the 2008 downturn and has not prevented further contraction.
  • Is the Economy Already in Another Recession? A net first-half contraction seems all but certain.

    07/03/2014 7:46:04 AM PDT · by SeekAndFind · 16 replies
    Pajamas Media ^ | 07/03/2014 | Tom Blumer
    Why do bad things always happen to him? Last week, the establishment press largely shrugged off the awful and ominous news that the economy shrank at an annual rate of 2.9 percent [1] during this year’s first quarter. When they deigned to notice it, they usually told their readers, listeners and viewers that happy days have now returned.Unfortunately, the reported contraction is historically foreboding: The 5.5-point downward swing from the fourth quarter’s 2.6 percent annualized growth to the first quarter’s 2.9 percent contraction was the largest such move from expansion to decline since the fourth quarter of 1981 [2].Since...
  • Spain Celebrates The "End Of The Recession" With 54% Youth Unemployment, Highest Since January

    07/01/2014 10:17:49 AM PDT · by Enlightened1 · 8 replies
    Zero Hedge ^ | 07/01/14 | Tyler Durden
    According to the just released European employment data for May, total Spain unemployment remained unchanged in May at 25.1%, while youth unemployment has actually risen to 54.0% - the highest since January! That's ok though: aside from the facts, onc is welcome to "believe" whatever headlines one wants to believe. And speaking of "recovery", here is what unemployment across Europe looked like as of May.
  • For most families, wealth has vanished

    06/30/2014 2:57:47 PM PDT · by Red in Blue PA · 32 replies
    If you’re a typical family, you’re considerably poorer than you used to be. No wonder the “recovery” feels like a recession. A new study published by the Russell Sage foundation helps explain why many families feel like they’re falling behind: They actually are. The study, which measures the average wealth of U.S. households by income level, reveals a startling decline in wealth nationwide. The median household in 2013 had a net worth of just $56,335 -- 43% lower than the median wealth level right before the recession began in 2007, and 36% lower than a decade ago. “There are very...
  • How Obamacare Helped Crash the Economy

    06/25/2014 7:10:00 PM PDT · by lbryce · 8 replies
    The Daily Beast ^ | June 25, 2014 | Daniel Gross
    In the first quarter of 2014, GDP shrunk 2.9 percent and most of the reason is because health-care spending declined. That doesn’t mean we’re in for a recession though. Obamacare did help crash the economy. Only not in the way its critics thought it would. The Commerce Department on Wednesday revised the growth figures for the first quarter of 2014, and concluded that the economy shrunk at a 2.9 percent annual rate. This comes a month after the government slashed its initial estimate from an annual growth rate of .1 percent to a decline of 1.0 percent. At the time,...
  • For most families, wealth has vanished

    06/26/2014 6:47:21 AM PDT · by george76 · 68 replies
    Daily Ticker ^ | June 24, 2014 | Rick Newman
    If you’re a typical family, you’re considerably poorer than you used to be. No wonder the “recovery” feels like a recession. ... The median household in 2013 had a net worth of just $56,335 -- 43% lower than the median wealth level right before the recession began in 2007, and 36% lower than a decade ago.
  • We are in Recession.

    06/26/2014 6:31:19 AM PDT · by SeekAndFind · 28 replies
    American Thinker ^ | 06/26/2014 | Joseph Gestetner
    The economy is in a recession in effect if one quarter GDP (Gross Domestic Product/economic activity) wipes out the gains of the previous quarter. You do not need officially two consecutive quarters of a flat or minus GDP headline to be called a recession. Instead, as occurred in Q1 (first quarter of) 2008, one quarter GDP was so bad that it wiped out the weak gains of the previous quarter (Q4 2007). Result? The official start of the last recession was Q4 2007 despite the fact that only one quarter was in a minus. Well, Q1 of 2014 wiped out...
  • Obama Gets GDP Bassackward

    06/25/2014 6:14:31 PM PDT · by Kaslin · 15 replies
    Townhall.com ^ | June 25, 2014 | John Ransom
    This country is a bunch of lions led by donkeys, as the Germans said about the English Army in the first war. The latest Obama-related bray is the revised GDP numbers for the first quarter. Economists expected the economy to grow by 1.9% even after a discount for the cold weather. Instead the initial estimate saw a contraction of 1%. As we approached the revision to the initial estimate, we began hearing that perhaps things would be even worse in the next estimate. They were. The revision came in at a contraction of 2.9% for the first quarter. But...
  • The U.S. Economy Has Collapsed: “This Is A Monstrous Negative Revision”

    06/25/2014 1:31:56 PM PDT · by Signalman · 54 replies
    SHTFplan.com ^ | 6.24,2014 | Mac Slavo
    For months the administration, financial pundits and Wall Street analysts made it a point to inform Americans about the healthy state of our economy. One of the key metrics they’ve used as proof of recovery was the Gross Domestic Product (GDP) which measures the productive output of the U.S. economy as a whole. Earlier this year the U.S. Bureau of Economic Analysis noted that this measure was showing positive growth. But now, after a second official revision, all of that purported growth used to goad consumers into spending more money on homes, cars and other goods has been revealed to...
  • U.S. Economy Shrinks By Most Since Great Recession in 1Q (-2.9%)

    06/25/2014 5:47:58 AM PDT · by kristinn · 183 replies
    Reuters via Fox Business ^ | Wednesday, June 25, 2014
    The U.S. economy contracted at a much steeper pace than previously estimated in the first quarter, but there are indications that growth has since rebounded strongly. The Commerce Department said on Wednesday gross domestic product fell at a 2.9 percent annual rate, the economy's worst performance in five years, instead of the 1.0 percent pace it had reported last month. While the economy's woes have been largely blamed on an unusually cold winter, the magnitude of the revisions suggest other factors at play beyond the weather. Growth has now been revised down by a total of 3.0 percentage points since...
  • Why a grim US economic picture is brightening (technicolor barf alert)

    06/24/2014 5:59:39 PM PDT · by RightGeek · 18 replies
    Associated Press ^ | 6/24/2014 | CHRISTOPHER S. RUGABER and MARTIN CRUTSINGER
    WASHINGTON (AP) -- When the government updates its estimate Wednesday of how the U.S. economy fared last quarter, the number is pretty sure to be ugly. Horrible even. The economy likely shrank at an annual rate of nearly 2 percent in the January-March quarter, economists estimate. That would be its bleakest performance since early 2009 in the depths of the Great Recession. So why aren't economists, businesses or investors likely to panic? Because most agree that the economy last quarter was depressed by temporary factors - particularly the blast of Arctic chill and snow that shuttered factories, disrupted shipping and...
  • A new reason to worry about jobs and stocks: The Dreaded 'R' Word is Making a Return

    06/21/2014 1:12:14 PM PDT · by SeekAndFind · 43 replies
    Yahoo Finance ^ | 06/20/2014 | Rick Newman
    A worrisome word is popping up in discussions among some economists: Recession. As in, the next one. Many Americans feel the recession that began at the end of 2007 never ended, but in technical terms, the economy has been growing since the middle of 2009. Until recently, it looked as if growth might finally hit “normal” levels of 3% or more later this year, as the housing recovery kicks in and employers finally start to hire more. But recent economic setbacks have fed new worries about tapped-out consumers falling even further behind. “The danger has increased the U.S. economy could...
  • U.S. retail sales miss expectations, jobless claims rise (Recovery Summer, Part IV!)

    06/12/2014 6:13:03 PM PDT · by Red in Blue PA · 21 replies
    WASHINGTON (Reuters) - U.S. retail sales rose less than expected in May and first-time applications for jobless benefits increased last week, but the data did little to alter views the economy is regaining steam. The Commerce Department said on Thursday that retail sales gained 0.3 percent. While that was below the 0.6 percent rise expected on Wall Street, April sales were revised higher to show a 0.5 percent increase, helping to keep growth forecasts intact.
  • The Obama ‘Recovery’: As Bad as (or Worse than) the Great Depression?

    06/05/2014 9:06:03 AM PDT · by SeekAndFind · 9 replies
    Pajamas Media ^ | 06/05/2014 | Tom Blumer
    At West Point last week [1], President Barack Obama went to a variant of an economic theme he’ll probably reprise until the day he leaves the Oval Office once and for all (we hope) 31-plus months from now.Obama told the assembled graduating Army cadets and their families: When I first spoke at West Point in (December) 2009 … our nation was just beginning a long climb out of the worst economic crisis since the Great Depression. What if I told you that nearly five years into the nation’s “long climb” out of the recession, the relative size of the...
  • U.S. Gasoline Consumption Plummets By Nearly 75%

    05/31/2014 11:02:00 AM PDT · by blam · 55 replies
    Zero hedge - BullionBullsCanada ^ | 5-31-2014 | Jeff Nielsen
    Tyler Durden 05/30/2014Submitted by Jeff Nielsen via BullionBullsCanada blog, Regular readers are familiar with my narratives on the U.S. Greater Depression, and (in particular) some of the government’s own charts which depict this economic meltdown most vividly. The collapse in the “civilian participation rate” (the number of people working in the economy) and the “velocity of money” (the heartbeat of the economy) indicate an economy which is not merely in decline, but rather is being sucked downward in a terminal (and accelerating) death-spiral. However, even that previously published data, and the grim analyses which accompanied it could not prepare me...
  • U.S. consumer spending dips; inflation creeps up

    05/30/2014 6:28:09 PM PDT · by Red in Blue PA · 19 replies
    WASHINGTON (Reuters) - U.S. consumer spending fell for the first time in a year in April after two months of solid gains, but the decline is likely temporary given a strengthening jobs market. The Commerce Department said on Friday consumer spending dipped 0.1 percent, which was the first decline since April 2013. But the drop followed an upwardly revised 1.0 percent jump in March that was the largest gain since August 2009. "The disappointing spending report should be viewed in the context of a stronger handoff into the second quarter," said Gennadiy Goldberg, an economist at TD Securities in New...
  • Where The World’s Unsold Cars Go To Die

    05/20/2014 10:18:54 AM PDT · by Red Badger · 46 replies
    worldtruth.tv ^ | May 17, 2014 | Staff
    In the past several years, one of the topics covered in detail on these pages has been the surge in such gimmicks designed to disguise lack of demand and end customer sales, used extensively by US automotive manufacturers, better known as “channel stuffing”, of which General Motors is particularly guilty and whose inventory at dealer lots just hit a new record high. But did you know that when it comes to flat or declining sales and stagnant end demand, channel stuffing is merely the beginning? Presenting… Where the World’s Unsold Cars Go To Die Above is just a few of...
  • If Economic Cycle Theorists Are Correct, 2015 To 2020 Will Be Pure Hell For The United States

    05/13/2014 5:24:42 PM PDT · by 2ndDivisionVet · 50 replies
    The Economic Collapse ^ | May 12, 2014 | Michael Snyder
    Does the economy move in predictable waves, cycles or patterns? There are many economists that believe that it does, and if their projections are correct, the rest of this decade is going to be pure hell for the United States. Many mainstream economists want nothing to do with economic cycle theorists, but it should be noted that economic cycle theories have enabled some analysts to correctly predict the timing of recessions, stock market peaks and stock market crashes over the past couple of decades. Of course none of the theories discussed below is perfect, but it is very interesting to...
  • U.S. Economy Contracted In First Quarter, Latest Figures Show (Revised figures)

    05/13/2014 1:17:27 PM PDT · by 2ndDivisionVet · 20 replies
    <p>A couple weeks ago, the Commerce Department said U.S. economic output expanded at a seasonally adjusted annual rate of 0.1% in the first three months of the year. A near-stall for the economy, for sure, but at least it wasn’t worse.</p>
  • Teen Employment Has Plunged 42% Since 2000 Highs

    05/09/2014 4:45:35 PM PDT · by Red in Blue PA · 13 replies
    As chief operations officer at the San Jose Silicon Valley Chamber of Commerce, Stephanie Caldwell knows her California region's high education levels helped buffer the worst of the recession's job losses. But the affluent community still suffered. "During the recession we were hit hard. Teens were having trouble finding jobs," she said. "After- school and summer jobs were definitely being taken by older people. Go to any Starbucks (SBUX) and you can see that. Hopefully with the economy picking up, that's starting to change. Teen employment has plummeted in a trend that long predates the Great Recession, worrying economists across...
  • Q1 GDP Cut To -0.6% At Goldman, -0.8% At JPMorgan

    05/06/2014 4:15:47 PM PDT · by GilGil · 7 replies
    Zerohedge ^ | 05/06/2014 | Tyler Durden
    Also, keep in mind that as we explained before, Q1 GDP was boosted around 1% by the forced spending "benefit" of Obamacare: a GDP contribution that will no longer be there. Which means that either normalized Q1 GDP is approaching -2%, or Q2 GDP is about to be whacked by the same amount. Pick your poison. One thing is certain - anyone hoping that 2014 is the year in which the US economy finally achieved "escape velocity" will have to drink the humiliation under the table as they repeat the mantra of apologists everywhere: "snow.... snow.... snow...."
  • What's Behind Friday's Jobs Numbers?

    05/03/2014 12:03:04 PM PDT · by Kaslin · 17 replies
    Townhall.com ^ | May 3, 2014 | Peter Morici
    The economy created 288,000 jobs in April, up from 203,000 in March. That’s the second best showing of the Obama recovery but still less than what is needed each month to raise employment to prerecession levels. Those results are consistent with an economy recovering from its winter slump but performing well below full potential—4 to 5 percent GDP growth and 400,000 to 500,000 jobs a month. Construction, manufacturing, retail and wholesale trade, business and professional services, finance, health care, leisure and hospitality, and government employment were all up. Information technology registered a small loss. Hourly earnings made no gain, indicating...
  • The Final Economic Results Are In, and Congratulations - We Are the .1 Percenters!

    05/01/2014 6:37:44 AM PDT · by NOBO2012
    Michelle Obama's Mirror ^ | 5-1-2014 | MOTUS
    Today’s post is focused on the latest economic news: Growth slowed to a barely discernible 0.1 percent annual rate in the first quarter of 2014 according to the the Commerce Department. That’s the weakest pace since the end of 2012 and down from 2.6 percent in the previous quarter. A toast! We’re number .001! According to reliable sources, were it not for increased Federal spending on Obamacare, there would be no growth at all.China has apparently overtaken the U.S. as the world’s largest economy.The Stock Market closes at an all time high because…well, who the hell knows?The government announced it...
  • U.S. economy slows to stall-speed (0.1% in Q1....any slower and we are contracting)

    04/30/2014 3:46:15 PM PDT · by Red in Blue PA · 45 replies
    The U.S. economy stalled in the first three months of 2014, but don't panic yet as it's probably just the winter weather effect. Gross domestic product, the broadest measure of economic activity, grew at a 0.1% annual pace in the first quarter, the U.S. Bureau of Economic Analysis reported Wednesday. That's brutally slow, even by sluggish post-recession standards. Since the Great Recession ended in June 2009, the economy has been growing at a rate of about 2% to 3% per year.
  • Reagan vs. Obama: A Tale of Two Economic Recoveries

    04/28/2014 1:03:14 PM PDT · by LucianOfSamasota · 61 replies
    Western Free Press ^ | 27 April, 2014 | John Walker
    Reagan Turned It Around in Two Years; Obama Has Made It Worse in Five Years It’s a tired and shopworn refrain, but the Obama administration still claims that the so-called economic recovery that started in 2009 is struggling because of the mess the president inherited when he took office. So how does he explain a jobless recovery with no economic growth? We’ll probably never see it in the mainstream media, but thanks to political observer Michael Hausam, we can make a comparison of policy and politics that pits 2009 against 1981. That would directly compare the economy Ronald Reagan inherited...