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Keyword: recession

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  • The Long, Cold Winter Ahead (Zero Hedge)

    11/22/2015 8:17:22 AM PST · by citizen · 28 replies
    Zero Hedge ^ | 11/22/2015 | Tyler Durden
    If you recall, the popular storyline since late last year has been that the U.S. economy is moderately improving while the world’s other major economies – Japan, China, and Europe – are rolling over. The U.S. economy would power through. Moreover, stock prices had achieved a permanently high plateau.
  • Global Trade In Freefall:

    11/04/2015 2:11:03 PM PST · by amorphous · 38 replies
    Zero Hedge ^ | 4 Oct 201 | Tyler
    Over the past year we have regularly contended that a far greater threat to the global economy than either corporate earnings, currency devaluations, rate cuts (or hikes), reserve outflow, or even the stock market, is the sudden, global trade crunch which has been deteriorating rapidly since late 2014 and has seen an even more dramatic drop off as 2015 is winding down. Actually, that is incorrect: global trade is merely a manifestation of the true state of the above listed items. ... We have in the past joked that the only thing that could possibly save the world from what...
  • The Recession Fearmongers Might Have It Dead Wrong

    10/31/2015 8:34:12 AM PDT · by blam · 30 replies
    BI ^ | 10-31-2015 | Akin Oyedele
    Akin OyedeleOctober 31, 2015We recently detailed why some economists are spooked about the economy. Harvard professor Larry Summers also noted that the consensus of economists has failed to forecast a recession one year in advance in post-war America. So, once again, we may not know for sure until we are really close to an economic downturn, or even in one. However, it doesn't exactly look like we're there. If you were, however, trying to build a case that we're near recession, the manufacturing sector is where you'd start. It's A Services Economy "We are seeing questions come up as to...
  • Orders for U.S. durable goods fizzle again

    10/27/2015 12:58:40 PM PDT · by MNJohnnie · 14 replies
    U.S. orders for long-lasting goods such as heavy machinery or airplanes fell in September for the second month in a row, offering little evidence that manufacturers are ready to rebound after a prolonged bout of softness. Durable-goods orders fell a fell a seasonally adjusted 1.2% in September following an even sharper 3% decline in the prior month, the Commerce Department said Tuesday. Previously the government had said orders dropped 2.3% in August.
  • Economic Forecasts and Faux Surprise

    10/27/2015 9:06:28 AM PDT · by jfd1776 · 1 replies
    Illinois Review ^ | October 26, 2015 A.D. | John F. Di Leo
    As this is championship season in sports (yes, its always championship season for some sport), lets begin our discussion with a sports analogy. Over the course of a game, we have seen our beloved Home team riddled with injuries. Our star players have been physically and emotionally clobbered, as the Visitors have used every tool at their disposal against us, regardless of the rule book. They tripped and tackled our starters, given us two broken legs and three broken arms, driving five of our best out of the game. Kicking our boys during time outs, shooting darts from dart guns,...
  • LARRY SUMMERS: The global economy is facing a 'dangerous' situation

    10/24/2015 10:50:17 AM PDT · by ForYourChildren · 37 replies
    Business Insider ^ | October 24, 2015 | Akin Oyedele
    During HSBC's Global Investment Seminar in New York this week, Harvard professor and economist Larry Summers brought up secular stagnation. In 2013, Summers revived the phrase, which, over time, has come to mean all sorts of things to different people. But at its core, secular stagnation refers to a global economy growing at a slow rate because there is too much saving and not enough investment. And right now, a lot of savings (and other monies) are heading out of emerging markets and into the developed world. "I would suggest that the defining financial development of the last year is...
  • Global Trade Is Collapsing As The Worldwide Economic Recession Deepens

    10/20/2015 11:08:42 AM PDT · by Perseverando · 10 replies
    The Economic Collapse ^ | October 19, 2015 | Michael Snyder
    When the global economy is doing well, the amount of stuff that is imported and exported around the world goes up, and when the global economy is in recession, the amount of stuff that is imported and exported around the world goes down. It is just basic economics. Governments around the world have become very adept at manipulating other measures of economic activity such as GDP, but the trade numbers are more difficult to fudge. Today, China accounts for more global trade than anyone else on the entire planet, and we have just learned that Chinese exports and Chinese imports...
  • The Numbers Say That A Major Global Recession Has Already Begun

    10/19/2015 9:37:03 AM PDT · by SeekAndFind · 32 replies
    The Economic Collapse Blog.com Archives ^ | By Michael Snyder, on October 13th, 2015 | Michael Snyder
    The biggest bank in the western world has just come out and declared that the global economy is “already in a recession”. According to British banking giant HSBC, global trade is down 8.4 percent so far this year, and global GDP expressed in U.S. dollars is down 3.4 percent. So those that are waiting for the next worldwide economic recession to begin can stop waiting. It is officially here. As you will see below, money is fleeing emerging markets at a blistering pace, major global banks are stuck with huge loans that will never be repaid, and it looks like...
  • One Weird Chart That Explains the Great Recession

    10/01/2015 8:05:57 AM PDT · by SeekAndFind · 10 replies
    American Thinker ^ | 10/01/2015 | Christopher Chantrill
    Everybody knows that “greedy bankers” were to blame for the Crash of 2008. The Democrats and their willing accomplices told us that years ago and they are sticking to their story. But there is another suspect that ought to be right in the dock along with the bankers. Its mild-mannered name is “agency debt.” It’s the debt of federal agencies and government-sponsored enterprises (GSEs) that is not included in the National Debt. In other words, when you go to the U.S. Treasury’s Debt to the Penny page, and find that on September 27, 2015 the debt was $18,151,073,031,331.50 you...
  • Philippines seen among least at risk

    09/30/2015 8:34:10 PM PDT · by 2ndDivisionVet · 15 replies
    Business World ^ | September 30, 2015 | Mikhail Franz E. Flores, Senior Reporter
    THE PHILIPPINES appears least vulnerable to major risks that could darken the economic growth outlook and affect the sovereign credit scores of emerging markets, debt watcher Standard & Poors Ratings Services said in a new report. In a Sept. 29 report, titled: Whos at Risk? Emerging Market Sovereigns are Facing Adverse Global Trends, S&P cited three risks on the growth prospects of 22 emerging economies: capital outflows from developing to advanced markets once the Federal Reserve hikes interest rates, unwinding of domestic credit built up in recent years and Chinas economic growth slowdown. Among 22 markets it assessed, the Philippines...
  • The Stock Markets of the 10 Largest Global Economies Are All Crashing (And the media is silent)

    09/28/2015 6:25:25 AM PDT · by xzins · 55 replies
    Charisma News ^ | 28 Sep 15 | MICHAEL SNYDER
    You would think that the simultaneous crashing of all of the largest stock markets around the world would be very big news. But so far, mainstream media in the United States are treating it like it isn't really a big deal.Over the last 60 days, we have witnessed the most significant global stock market decline since fall 2008, and yet most people still seem to think that this is just a temporary "bump in the road" and that the bull market will soon resume. Hopefully they are right.When the Dow Jones Industrial Average plummeted 777 points on Sept. 29, 2008,...
  • Imagining the first term of a Trump presidency

    09/14/2015 2:56:54 PM PDT · by Kaslin · 42 replies
    Hot Air.com ^ | September 14, 2015 | JAZZ SHAW
    Marc Ambinder, writing at The Week, seems to have taken the next leap in the evolution of American politics this season and – at least as an exercise in theory – asked us to consider what a Trump presidency would look like. While the primary could still play out in any number of interesting ways, it seems well past the point where such a future can be entirely written off so Marc isn’t submitting this to some science fiction outlet. It’s true that supporters of the more “conventional” candidates could all coalesce around one Anti-Trump over the fall and winter...
  • Pain for Many on Labor Day

    09/09/2015 10:35:27 AM PDT · by Kaslin · 21 replies
    Townhall.com ^ | September 9 | Stephen Moore
    My 22-year-old son lives at home and still depends on his old man for spending money. My profoundest fear is that like Will Ferrell's character in "Wedding Crashers," he will never leave the nest. I'm not alone. There are some 20 million college grads living at home. A 2014 study reported by CNNMoney found that half of kids who are two years out of college rely on their parents to pay some or all of their bills. It's the new normal for 20-somethings. Gee, parents sure are getting a great financial return on the $150,000 they've shelled out for...
  • Canada PM pledges rebound as recession rocks reelection bid

    09/03/2015 7:08:22 AM PDT · by mac_truck · 3 replies
    Reuters ^ | 9/1/2015 | Leah Schnurr
    OTTAWA (Reuters) - Having staked his reputation on strong economic management, Canadian Prime Minister Stephen Harper has decided that the best way to win re-election when the headlines say recession is to convince the country it is no longer in one. Tuesday brought the worst kind of news for a prime minister campaigning for a rare fourth term in office: government data that confirmed Canada's economy contracted for the second quarter in a row, the technical definition of recession. But Harper shrugged off the data from the first half of the year, saying Canada had a "couple of weak months,"...
  • The main problem is not China but Obama financial regulations

    09/02/2015 8:41:08 AM PDT · by se99tp · 2 replies
    Deflationary Thoughts ^ | 09/02/2015 | Deflationary Thoughts
    What is the topic that dominates today conversations in financial circles? It isnt Greece, or the U.S. economy, or ChinaIt is the lack of liquidity in the markets and what this might mean for the world economyand their businesses. Market veterans say they have never experienced anything like it.
  • 12 Signs That An Imminent Global Financial Crash Has Become Even More Likely

    08/16/2015 4:24:40 AM PDT · by SkyPilot · 49 replies
    Economic Collapse ^ | 11 Aug 15 | Michael Snyder
    Did you see what just happened? The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era. This caused other global currencies to crash relative to the U.S. dollar, the price of oil hit a six year low, and stock markets all over the world were rattled. The Dow fell 212 points on Tuesday, and Apple stock plummeted another 5 percent. As we hurtle toward the absolutely critical months of September and October, the unraveling of the global financial system is beginning to accelerate. At this point, it is not...
  • New Study Finds CRA 'Clearly' Did Lead To Risky Lending [Daniel 4]

    08/04/2015 7:52:58 AM PDT · by Jan_Sobieski · 24 replies
    Investor's Business Daily ^ | 12/20/2012 | PAUL SPERRY
    Democrats and the media insist the Community Reinvestment Act, the anti-redlining law beefed up by President Clinton, had nothing to do with the subprime mortgage crisis and recession. But a new study by the respected National Bureau of Economic Research finds, "Yes, it did. We find that adherence to that act led to riskier lending by banks." Added NBER: "There is a clear pattern of increased defaults for loans made by these banks in quarters around the (CRA) exam. Moreover, the effects are larger for loans made within CRA tracts," or predominantly low-income and minority areas. To satisfy CRA examiners,...
  • U.S. factory activity dips; consumer spending cools

    08/03/2015 1:18:48 PM PDT · by BenLurkin · 7 replies
    reuters ^ | Mon Aug 3, 2015 2:02pm EDT | Lucia Mutikani
    The Institute for Supply Management said its national factory activity index fell to 52.7 last month from a reading of 53.5 in June. A reading above 50 indicates expansion in the manufacturing sector. A gauge of new orders received by factories rose to a seven-month high, while inventories continued to decline. There was growth in 11 of the 18 manufacturing industries, including furniture, fabricated metal products, electrical equipment, appliances and components, and transportation equipment. Five industries including machinery reported that production had contracted in July. Manufacturing has been hobbled by a strong dollar, which has pressured the profits of multinational...
  • Canada is in recession

    07/31/2015 7:14:19 AM PDT · by SeekAndFind · 28 replies
    Business Insider ^ | 07/31/2015 | Sam Ro
    Canada is in recession. Canadian GDP unexpectedly fell 0.2% in May. This was worse than the 0.0% expected by economists. "The economy has contracted in 6 out of the last 7 months," BNP's Derek Lindsay noted. The resource rich economy has felt the crushing pain of falling commodity prices as global demand for raw materials has decelerated. And relief doesn't seem to be coming any time soon. "We continue to see falling commodities prices weighing heavily on the economy, with mining, utilities, and manufacturing presenting biggest drags on the goods side," Lindsay said. And this probably means more easy monetary...
  • P&G results raise concerns about pace of turnaround (6 straight quarters of falling sales)

    07/30/2015 12:05:57 PM PDT · by Red in Blue PA · 13 replies
    (Reuters) - Procter & Gamble Co (PG.N) reported its sixth straight quarter of falling sales, hurt mainly by the stronger dollar. Even after stripping out the impact of the dollar and acquisitions, sales rose just 1 percent, raising concerns about the slow pace at which P&G is turning around its business. The company's shares fell as much as 4.3 percent in morning trading on Thursday, after it said sales would fall by a low-to-mid single-digit percentage in the year ending June 2016.
  • US cuts estimates for economic growth over past 3 years

    07/30/2015 7:12:17 AM PDT · by Red in Blue PA · 28 replies
    WASHINGTON (AP) -- The U.S. economy grew more slowly over the past three years than the government had previously estimated, held back by more frugal consumers and steeper spending cuts by state and local governments. Related Stories 1. US economy likely rebounded to solid growth rate in spring Associated Press 2. Chinas Stocks Drop for Second Day Before Economic Growth Data Bloomberg 3. Services, Finance and Oil Drive U.K. Growth to 0.7% Bloomberg 4. China June exports up 2.8 percent, imports down 6.1 percent Associated Press 5. Singapore Economy Contracts Most Since 2012 on Manufacturing Bloomberg The economy expanded at...
  • The 9-to-5 office workday is dying in America

    06/28/2015 4:43:41 PM PDT · by CorporateStepsister · 42 replies
    MSN News ^ | June 28 2015 | Max Nisen
    With the rise of flexible working schedules, the freelance economy, and video conferencing, more Americans are getting their jobs done without ever heading into an office, according to new data from the American Time Use Survey released by the Bureau of Labor Statistics. Among all workers, 23% report spending all or part of their day working from home. Thats up from less than 19% in 2003, the first year for which theres comparable data.
  • China central bank eases policy again to support economy

    06/28/2015 11:15:02 AM PDT · by BenLurkin · 3 replies
    reuters. ^ | Sat Jun 27, 2015 9:00am EDT | Kevin Yao and Nicholas Heath
    China's central bank cut lending rates for the fourth time since November and trimmed the amount of cash that some banks must hold as reserves, stepping up efforts to support an economy that is headed for its poorest performance in a quarter century. Saturday's combined easing highlights Beijing's concerns that money isn't flowing to some of the most-needed sectors in the economy and that stubbornly high borrowing costs that could fuel bankruptcies and job losses. The last time the central bank simultaneously cut interest rates and reserve requirements was at the height of the global financial crisis in late 2008....
  • Yet Another Double Standard in American Politics

    06/12/2015 11:04:44 AM PDT · by jfd1776 · 6 replies
    Illinois Review ^ | June 12, 2015 A.D. | John F. Di Leo
    In America, when friends learn that a woman is being abused by her husband or boyfriend, what do they do? They stage an intervention, help her find a lawyer, get a restraining order, get her out of there as fast as possible. When a son or daughter learns that an elderly parent is receiving bad care at a nursing home, what do they do? Pack up Dads or Moms stuff, help them move to a better, safer place, file a complaint with the states attorney or the board of health, press charges, but first and foremost, get them out of...
  • Americas lost decade

    06/05/2015 9:42:01 PM PDT · by 2ndDivisionVet · 7 replies
    NetRightDaily ^ | June 2, 2015 | Robert Romano
    The U.S. economy contracted at an inflation-adjusted 0.7 percent in the first quarter, the Bureau of Economic Analysis reports in its latest update. The bad news flies in the face of economic projections by the U.S. Federal Reserve, which had been predicting 2.6 to 3 percent growth for 2015 in December. That was downgraded to 2.3 percent to 2.7 percent in March. That had been considered a weak outlook at the time, with the economy not getting above 3 percent any time soon. And now, just to get to that modest 2.3 percent for the year, the economy will need...
  • It's Time To Call Off The Recession Watch

    06/05/2015 10:36:13 AM PDT · by blam · 19 replies
    AET/BI ^ | James Pethokoukis
    James Pethokoukis American Enterprise InstituteJune 5, 2015,a>nonfarm payrolls,American Enterprise Institute  That negative first-quarter GDP report now seems far less worrisome and far more an outlier than it did initially. Recently Goldman Sachs said “that given the uncertainty around GDP it is better to focus on other indicators—especially employment—to gauge the cumulative progress of the recovery and the remaining amount of slack.” By that measure, the U.S. economic recovery continues to plow forward after a slight early-year stumble. Nonfarm payrolls increased 280,000 in May, the largest gain since December, the Labor Department said this morning. Although the unemployment rate rose...
  • IMF Panics - Slashes US Growth Forecasts, Demands Fed Stay On Hold For Another Year

    06/04/2015 8:50:33 AM PDT · by tcrlaf · 15 replies
    Zerohedge ^ | 6-4-2015 | Durden
    Anxiety over financial stability and shadow banking risks appear to have force Christine Lagarde and her fellow extrapolators to hit the panic button: -IMF CUTS U.S. 2015 GROWTH FORECAST TO 2.5% FROM 3.1% -FED SHOULD WAIT FOR TANGIBLE SIGNS OF WAGE, PRICE GAINS: IMF -DOLLAR `MODERATELY OVERVALUED, CURBING U.S. GROWTH, JOBS: IMF -IMF URGES FED TO DELAY FIRST RATE INCREASE UNTIL 1H 2016 Adding that they viewed the Dollar as "moderately overvalued" and any more appreciation would be "harmful," it seems global disinflationary pressures have left the IMF no choice but to say publicly what everyone has uttered under their...
  • Failure To Thrive

    05/30/2015 5:35:02 AM PDT · by NOBO2012 · 1 replies
    Michelle Obama's Mirror ^ | 5-30-2015 | MOTUS
    Unprecedented! The U.S. economy has failed to thrive under Big Guy’s careful care and tending. First Quarter growth, originally reported to have at the robust pace of 0.2% in the first quarter, actually {{{horrors!}}} shrunk by 0.7%. That was far worse than the agency’s initial estimate that showed 0.2% growth, marking an abrupt reversal from the prior nine months when growth surged and the economy appeared on the verge of a long-delayed breakout.Long-delayed indeed: the recovery we've HOPEd for has been lurking around the corner for 6 years now. Yes, there’s light at the end of the tunnel, let’s hope...
  • Why dont Americans feel better about the economy?

    05/29/2015 11:16:11 PM PDT · by 2ndDivisionVet · 37 replies
    The Washington Post ^ | May 19, 2015 | Chico Harlan and Sarah Halzack
    If there was any time for American consumers to feel good, it would be this moment. Job growth is brisk. Paychecks are finally nudging up. And a surprise drop in gas prices has given the average household an extra $700 a year. But six years after the end of the Great Recession, Americans are startlingly anxious about their economic prospects. They are sitting on their money in a way that suggests that the consumer psychology may have fundamentally changed, with people less willing to spend than they were during other periods of economic prosperity. Government data released Friday showed that...

    05/29/2015 5:47:11 AM PDT · by tellw · 117 replies
    AP ^ | 5/29/2015 | MARTIN CRUTSINGER
    WASHINGTON (AP) -- The U.S. economy went into reverse in the first three months of this year as a severe winter and a widening trade deficit took a harsher toll than initially estimated. The Commerce Department says the overall economy as measured by the gross domestic product contracted at an annual rate of 0.7 percent in the January-March period. The revised figure, even weaker than the government's initial estimate of a 0.2 percent growth rate, reflects a bigger trade gap and slower consumer spending. It marked the first decline since a 2.1 percent contraction in the first three months of...
  • Get ready for some depressing news about the US economy (UNEXPECTED!)

    05/28/2015 8:30:56 PM PDT · by SaveFerris · 28 replies
    Business Insider ^ | Thu, May 28, 2015, 11:30pm EDT - US Ma | By Myles Udland
    We're about to get some terrible news about the US economy. Sort of. On Friday morning at 8:30 a.m. ET, the Bureau of Economic Analysis will release its second estimate of first quarter GDP, which is expected to show the economy contracted 0.8% in the first quarter. The initial reading on first quarter GDP, released on April 29, showed the economy grew just 0.2%. Ahead of that report, Wall Street expected the economy grew 1% to start 2015. Subsequent data, however, showed that the economy was likely even weaker than first estimated to start the year. Some economists, however, either...
  • HSBC fears world recession with no lifeboats left

    05/26/2015 6:06:34 PM PDT · by 9thLife · 42 replies
    Telegraph ^ | 5:00PM BST 24 May 2015 | Ambrose Evans-Pritchard
    The world economy is disturbingly close to stall speed. The United Nations has cut its global growth forecast for this year to 2.8pc, the latest of the multinational bodies to retreat. It leaves a thin safety buffer against any economic shock - most potently if China abandons its crawling dollar peg and resorts to 'beggar-thy-neighbour' policies, transmitting a further deflationary shock across the global economy. ... Each of the past four US recoveries has been weaker than the last one. The average growth rate has fallen from 4.5pc in the early 1980s to nearer 2pc this time. ... The US...
  • US weekly jobless claims total 274,000 vs 271,000 estimate

    05/21/2015 5:30:16 AM PDT · by Red in Blue PA · 3 replies
    First-time claims for state unemployment benefits were expected to total 271,000 in the most recent week, up from 264,000 reported a week earlier.
  • 40 percent of unemployed have quit looking for jobs

    05/20/2015 9:30:24 PM PDT · by Red in Blue PA · 36 replies
    At a time when 8.5 million Americans still don't have jobs, some 40 percent have given up even looking. The revelation, contained in a new survey Wednesday showing how much work needs to be done yet in the U.S. labor market, comes as the labor force participation rate remains mired near 37-year lows. A tight jobs market, the skills gap between what employers want and what prospective employees have to offer, and a benefits program that, while curtailed from its recession level, still remains obliging have combined to keep workers on the sidelines, according to a Harris poll of 1,553...
  • How Government Inaction Ended the Depression of 1921

    05/20/2015 7:42:14 AM PDT · by all the best · 4 replies
    Mises Institute ^ | May 20, 2015 | Llewellyn Rockwell
    As the financial crisis of 2008 took shape, the policy recommendations were not slow in coming: why, economic stability and American prosperity demand fiscal and monetary stimulus to jump-start the sick economy back to life. And so we got fiscal stimulus, as well as a program of monetary expansion without precedent in US history. David Stockman recently noted that we have in effect had fifteen solid years of stimulus not just the high-profile programs like the $700 billion TARP and the $800 billion in fiscal stimulus, but also $4 trillion of money printing and 165 out of 180 months...
  • Shares struggle after data raises more questions on U.S. economy (U.S. economy shrank 0.9 percent?)

    05/17/2015 6:07:46 PM PDT · by Red in Blue PA · 16 replies
    Coming on the heels of weak retail sales and producer inflation data, the reports stoked concerns that the U.S. economy is hardly gaining momentum after disappointing 0.2 percent annualized growth in January-March. "U.S. GDP will likely be revised down in the next update to show a contraction. We estimate the U.S. economy shrank 0.9 percent," said Shuji Shirota, head of macro economics strategy group at HSBC in Tokyo.
  • The U.S. economy has left behind 20 million Americans

    05/15/2015 8:00:05 PM PDT · by Lorianne · 16 replies
    Market Watch ^ | 13 May 2015 | Howard Gold
    About 10% of adults of working age have at best marginal ties with the economy ___ Last month, when Baltimore was burning after a young African-American man died in police custody (six officers were subsequently charged), I did a Google search to find what David Simon thought about it. Simon, a former reporter for the Baltimore Sun, was the creator and show runner of The Wire, which ran for five seasons on HBO and which Entertainment Weekly called the greatest television show ever. It was a brilliant narrative of the struggle for survival in a violent, drug-riddled Baltimore neighborhood much...
  • The U.S. Economy Just Had Its Worst Month Since the Recession

    05/15/2015 8:44:52 AM PDT · by Theoria · 29 replies
    WSJ ^ | 14 May 2015 | Ben Leubsdorf
    The U.S. economy had a really bad March, the worst since the financial crisis. But dont panic.The broadest gauge of U.S.economic output, from theCommerce Department, tracks the economy on a quarterly basis. The private forecasting firm Macroeconomic Advisers provides a measure to track gross domestic product on a monthly basis, highlighting some of the volatility that gets smoothed out in the official quarterly figures.Macroeconomic Advisers on Thursday said its monthly estimate showed GDP fell an inflation-adjusted 1% in March, the largest drop since December 2008, when the U.S. economy was in the throes of recession, the firm said. Monthly GDP...
  • Fox News Poll: Voters believe White House incompetent, US still in recession and ISIS has moved

    05/14/2015 11:05:21 PM PDT · by Olog-hai · 28 replies
    Fox News ^ | May 15, 2015 | Dana Blanton
    Majorities of voters feel the country is still in recession, think terrorists are living in their hometown and rate the Obama White House handling of the government as incompetent. Those are some of the findings from the latest Fox News poll released Thursday. Six in 10 voters think it is likely terrorists are living in their hometown (60 percent). Thats up from 48 percent who felt that way in 2007, the last time the question was asked, and back to about what it was nine months after the 9/11 terrorist attacks. In June 2002, 58 percent thought terrorists were in...
  • U.S. capital spending seen falling to four-year low in 2015

    05/14/2015 4:09:32 PM PDT · by Red in Blue PA · 1 replies
    NEW YORK, May 14 (Reuters) - U.S. corporate spending on capital projects could fall this year to the lowest level since 2011, with steep reductions by the energy industry and companies in other sectors cutting spending amid broad concerns about global growth. Among the S&P sectors, only the materials and financials sectors expect to spend more in 2015 than they did last year, according to a Thomson Reuters analysis of spending outlooks from the 255 S&P 500 companies that have offered guidance on their capex for the year.
  • Markets More: HSBC Bearish HSBC WARNS: The world economy faces a 'titanic problem'

    05/14/2015 6:15:18 AM PDT · by bushwon · 32 replies
    Business Insider ^ | 5/13/2015 | Stephen King
    HSBC chief economist Stephen King is already thinking about the next recession. In a note to clients Wednesday, he warns: "The world economy is like an ocean liner without lifeboats. If another recession hits, it could be a truly titanic struggle for policymakers." Here's King (emphasis added): Whereas previous recoveries have enabled monetary and fiscal policymakers to replenish their ammunition, this recovery both in the US and elsewhere has been distinguished by a persistent munitions shortage. This is a major problem. In all recessions since the 1970s, the US Fed funds rate has fallen by a minimum of...
  • Q2 GDP Forecast Cut To 0.7% By Atlanta Fed

    05/13/2015 11:34:01 AM PDT · by tcrlaf · 4 replies
    Zerohedge ^ | 5-13-2015 | Durden
    Zero Hedge first brought attention to the Atlanta Fed over two months ago, when the first massive divergence between bullish consensus and objective reality appeared. Since then it has been nothing but a downhill race for reality, with consensus scrambling to catch up. Moments ago, the Atlanta Fed just cut its Q2 GDP forecast once more, this time to 0.7% from 0.8%. This is on the back of a Q1 GDP which as of this moments is around -1.0%. From the Atlanta Fed: The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of...
  • The US Is In Recession According To These 7 Charts

    05/13/2015 8:23:50 AM PDT · by SeekAndFind · 17 replies
    Zero Hedge ^ | 05/13/2015 | Tyler Durden
    The evidence continues to mount..."Most since Lehman" has become the new meme for macro-economic data in the US as day after day brings another lacklustre superlative to be dismissed with some excuse by the cognoscenti of sell-side economists...Of course, that is aside from anything related to aggregate jobs that is spewed by the government's official ministries of truth... (do not look at this chart)* * *So here are seven charts that scream "recession" is here...Retail Sales are weak - extremely weak. Retail Sales have not dropped this much YoY outside of a recession...And if Retail Sales are weak, then...
  • The Pain the Job Numbers Dont Show: Core of Americas workforce hasnt recovered from recession.

    05/09/2015 10:19:05 AM PDT · by SeekAndFind · 9 replies
    Fiscal Times ^ | 05/09/2015 | By Rob Garver
    It seems almost ungrateful to complain about the announcement that the U.S. added 223,000 jobs to the economy in April, dropping the official unemployment rate to 5.4 percent, particularly after the dismal showing in March. Economists saw those numbers as reason for a sigh of relief, as one put it. But the truth is that for many American workers, the jobs recovery hasnt yet provided real relief and there is still a lot of ground to cover before the country can be said to have truly recovered the losses from the Great Recession. The labor force participation rate remains...
  • Obama: I should have said that the recovery would take a really long time in 2008

    04/11/2015 5:22:22 AM PDT · by SeekAndFind · 37 replies
    Hotair ^ | 04/11/2015 | NOAH ROTHMAN
    Regrets, he’s had a few. But most of them have had to do with the rosy picture he painted of what the economy would look like following a swift infusion of “Obamanomics.” The president spent much of his time on the post-campaign campaign trail in 2009 promising that the unprecedented sum of money passed by Congress as part of the American Recovery and Reinvestment Act (the stimulus) would have a speedy and positive effect on the economy. Roads, bridges, and “shovel-ready” jobs would quickly put Americans back to work. When that massive sum of borrowed money failed to have...
  • Why the middle class is doing even worse than you think (the "green shoots" are long dead)

    04/08/2015 3:58:23 PM PDT · by Red in Blue PA · 14 replies
    One of the great mysteries about the U.S. economy today is the discrepancy between the objective and subjective pictures we have of the middle class. The numbers say that the middle class is doing OK or even improving its lot; middle class families themselves say they're being crushed under economic hobnail boots. ..... They combine the approaches and solve the mystery. In effect, they've shifted from defining middle class as merely anyone earning a middle-income to defining the class as a fairly stable demographic group and looking at how it's doing relative to middle income. By defining the middle class...
  • Something weird is going on --Investor Thread March 29, 2015

    03/28/2015 3:17:44 PM PDT · by expat_panama · 81 replies
    Weekly investment & finance thread ^ | Mar. 29, 2015 | Freeper Investors
    (excerpt from) Something weird is going on in the US economy, and it's not good...Despite experiencing a healthy pace of job growth, the US economy has largely disappointed economists' expectations by delivering a series of weaker-than-expected economic reports. The unexpected plunges in retail sales and durable goods orders stand out as they reflect weakness in both consumers and businesses. On Wednesday, Bloomberg LP Chief Economist Michael McDonough tweeted a chart of the unprecedented divergence between job growth and retail sales growth. This is concerning as personal consumption accounts for roughly 70% of US GDP. It's particularly concerning considering all...
  • McDonald's Latest Sales Are Worse Than Expected

    03/09/2015 4:13:51 PM PDT · by SkyPilot · 212 replies
    Forbes ^ | 9 March 15 | Staff
    McDonald's MCD +0.6% worldwide sales fell a more than expected 1.7% in February, marking nine consecutive months of declines. This comes a week after new CEO Steve Easterbrook assumed the top job. Easterbrook, who has said he considers himself an internal activist, is faced with reviving the lagging sales that cost previous CEO Don Thompson his job. U.S. sales fell 4%, as the fast food giant continues to face heavy competition from fast casual chains like Chipotle and Panera. Consumer needs and preferences have changed, said the company in a statement. McDonalds current performance reflects the urgent need to evolve...
  • New Orders Look Recessionary [So Why Is The Financial News Astonishingly Rosy?]

    03/09/2015 8:34:01 AM PDT · by SeekAndFind · 13 replies
    Of Two Minds ^ | 03/09/2015 | Charles Hugh-Smith
    The financial news is astonishingly rosy:record trade surpluses in China, positive surprises in Europe, the best run of new jobs added to the U.S. economy since the go-go 1990s, and the gift that keeps on giving to consumers everywhere, low oil prices. So if everything is so fantastic, why are new orders cratering?New ordersare a snapshot of future demand, as opposed to current retail sales or orders that have been delivered. Like most other economic data, the series is noisy, meaning there are plenty of spikes up and down. To cut through the clutter, we look for trends and patterns,...
  • Soft U.S. data hints at near-term hiccup in economic growth

    03/05/2015 12:59:56 PM PST · by Red in Blue PA · 12 replies
    WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment aid last week rose to its highest level since May, but economists dismissed the increase as weather-related and said the jobs market remained solid. They were also little perturbed by other data on Thursday that showed factory orders fell in January for a sixth straight month and fourth-quarter productivity declined by more than initially thought.