Category: US Economy
The analysis published under this category are as follows.
Tuesday, December 07, 2010
Bernanke On the U.S. Economy, Fact, Fiction and Finally the Fix / Economics / US Economy
By: D_Sherman_Okst
Fiction: In this 60 Minutes clip Bernanke tells Scott Pelley, “The other concern I should mention is that inflation is very, very low…”
Fact: There is massive inflation!
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Thursday, December 02, 2010
ISM Manufacturing Survey – Slight Moderation in U.S. Factory Activity / Economics / US Economy
By: Asha_Bangalore
The ISM manufacturing survey results for November show a moderation in the pace of activity. The level of the composite index during November (56.6) suggests that the manufacturing is growing but at a slightly slower pace compared with October (56.9). Indexes tracking new orders (56.6 vs. 58.9 in October) and production (55.0 vs. 62.7 in October) declined but are holding above 50.0. Indexes measuring employment and exports dropped, while the import orders index moved up during November. The national index points to a mild slowing in factory conditions, while the November regional surveys of Philadelphia, Chicago, and New York sent a more bullish message.
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Tuesday, November 30, 2010
U.S. Household Debt Deleveraging - Largest Decline on Record / Economics / US Economy
By: Asha_Bangalore
The soft trajectory of consumer spending and continued reduction in residential investment expenditures reflects the sharp reduction in household debt. Outstanding home mortgages have dropped from $10.606 trillion in the first quarter of 2008 to $10.126 trillion in the second quarter of 2010 (see Chart 1). Household credit card debt has fallen roughly $157 billion from the peak in the third quarter of 2008 to $2.41 trillion (see Chart 1).
Saturday, November 27, 2010
Bernanke Rolling the Dice: America's Financial Dilemma / Economics / US Economy
By: Bob_Chapman
There is no question that the world is at a boil. Germany is drawing anger; N. Korea has attacked S. Korea; flaying about the FED’s Mr. Bernanke blames China for America’s sad economic and financial dilemma; five suits, class action and RICO, have been filed against JPMorgan Chase and HSBC for having manipulated silver prices and class actions are rumored to be in process for naked shorting, which has been rampant in the market for years, a felony hedge fund investigation of insider trading, which the SEC has absolutely refused to pursue.
Thursday, November 25, 2010
U.S. Durable Goods Orders Discouraging Report / Economics / US Economy
By: Asha_Bangalore
Orders of durable goods fell 3.3% in October vs. a 5.0% increase in September. Orders of non-defense capital goods excluding aircraft dropped 4.5% in October following a 1.9% gain in September.
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Wednesday, November 24, 2010
New Estimate Indicates Real U.S. GDP Grew Faster in Q3 2010 / Economics / US Economy
By: Asha_Bangalore
Real GDP of the U.S. economy grew at an annual rate of 2.5% in the third quarter, which is higher than the advance estimate of a 2.0% increase. Upward revisions of consumer spending, equipment and software spending, exports, government spending, and smaller decline in residential investment expenditures more than offset the decline in structural investment expenditures, previously reported to have added to GDP, to result in a higher rate of growth.
Monday, November 22, 2010
U.S. Unemployment to Remain High Through 2011 and Beyond / Economics / US Economy
By: Money_Morning
Don Miller writes:
Stocks are up nearly 70% from their bear market lows. Corporate profits are rising. And the economy is expanding. Yet the unemployment rate continues to hover around 10%.
Neither President Barack Obama's $787 billion stimulus program, nor the U.S. Federal Reserve's quantitative easing has generated enough good news to convince companies to hire meaningful numbers of new workers.
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Friday, November 19, 2010
Will Christmas Shopping Revive the U.S. Economy? / Economics / US Economy
By: Danny_Schechter
Funny how, back in 1929, we had a black Thursday and then a Black Friday as the market crashed, plunging the country into a depression. Now we have every retailer in every mall in America on their knees praying for a prosperous black Friday the day after Thanksgiving,
Thursday, November 18, 2010
U.S. Jobless Claims 4-Week Moving Average Inching Below 450K / Economics / US Economy
By: Asha_Bangalore
Initial jobless claims rose 2,000 to 439,000 during the week ended November 13. Continuing claims, which lag initial jobless claims by one week, fell 48,000 to 4.295 million, the fourth consecutive weekly decline. A large part of the decline is attributed to expiration of eligibility for unemployment insurance. Unemployment claims under special programs increased 121,238. It remains a challenge to sort out the special programs data as a number of people could be no longer eligible under the guidelines of the programs.Read full article... Read full article...
Thursday, November 11, 2010
Marc Faber on U.S. Trade Deficit Doom as a Cause of the Financial Crisis / Economics / US Economy
By: Videos
Marc Faber Discussing the U.S. trade deficit as the real cause of the financial crisis that boosted emerging markets and commodities which should be thanking Ben Bernanke. U.S. could benefit form exporting agricultural commodities.
Tuesday, November 09, 2010
U.S. Commercial and Industrial Demand for Loans Remains Weak / Economics / US Economy
By: Asha_Bangalore
The Fed's Senior Loan Officer Survey results of October indicate that demand for commercial and industrial loans from large and medium sized firms was weaker compared with the third quarter survey (see chart 1). A larger percentage of bankers indicated weaker demand from small firms. This information is discouraging because stronger economic growth in the months ahead is tied to a likely pickup in loan demand.
Wednesday, November 03, 2010
The U.S. Mid-Term Elections are Over… Yet it Ain’t Over / Politics / US Economy
By: Joseph_Toronto
Our financial system and our economy nearly collapsed over two years ago. With proper management we should have recovered, but we haven’t. Unemployment, the one thing that voters see and feel, front and center, remains the highest it’s been for decades and voters are justifiably angry.
Wednesday, November 03, 2010
U.S. Economy Could Swallow Five Bitter Pills or One Sweet but Deadly / Economics / US Economy
By: Michael_Pento
It seems the current Chairman of the Federal Reserve is of the belief that diluting the dollar is the cure for everything from a recession to male pattern baldness. And like other snake-oil salesmen before him, Mr. Bernanke is heavy on promises and light on results. Here are five prescriptions that money printing can't fulfill:
Sunday, October 31, 2010
U.S. GDP Report Heralds Still Higher US Unemployment / Economics / US Economy
By: Barry_Grey
The Commerce Department on Friday estimated that the US economy grew at an anemic annual rate of 2.0 percent in the third quarter, a pace that all but ensures a further rise in unemployment.
The government claims that the recession ended in June of 2009, but the quarterly increases in the nation’s gross domestic product (GDP) this year have been far below those recorded following previous major recessions. US GDP rose 3.7 percent in the first quarter of 2010 and then slowed to 1.7 percent in the second.
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Sunday, October 31, 2010
Bernanke gets his "pink slip" / Economics / US Economy
By: Mike_Whitney
Question: What is the difference between a full-blown Depression and an excruciatingly "slow recovery"?
Answer--Inventories and a bit of fiscal stimulus.
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Tuesday, October 19, 2010
Huge Rise in U.S. Unemployment Expected After Mid-Term Elections / Economics / US Economy
By: Mike_Shedlock
Earlier this month Gallup released a survey that showed unemployment rose .8% to 10.1%
Read full article... Read full article...Unemployment, as measured by Gallup without seasonal adjustment, increased to 10.1% in September -- up sharply from 9.3% in August and 8.9% in July. Much of this increase came during the second half of the month -- the unemployment rate was 9.4% in mid-September -- and therefore is unlikely to be picked up in the government's unemployment report on Friday.
Monday, October 18, 2010
U.S. Industrial Production Unexpectedly Drops; Where to From Here? / Economics / US Economy
By: Mike_Shedlock
In yet another sign of a weakening economy, Production in U.S. Unexpectedly Dropped in September
Read full article... Read full article...Output at factories, mines and utilities fell 0.2 percent, the first decline since the recession ended in June 2009, figures from the Federal Reserve showed today. Factory production also decreased 0.2 percent, reflecting declines in consumer durable goods, like appliances and furniture.
Sunday, October 17, 2010
Currency Wars, The Cycle of Deflation and Misguided U.S. Economic Policy / Economics / US Economy
By: Gordon_T_Long
The critical issues in America stem from minimally a blatantly ineffective public policy, but overridingly a failed and destructive Economic Policy. These policy errors are directly responsible for the opening salvos of the Currency War clouds now looming overhead.
Friday, October 15, 2010
Widening U.S. Trade Deficit Will Trim Q3 Real GDP Growth / Economics / US Economy
By: Asha_Bangalore
The trade deficit widened to $46.3 billion in August, reflecting a small increase in exports and a large jump of imports. The July-August data suggest that the trade deficit will trim the headline real GDP reading in the third quarter. Read full article... Read full article...
Monday, October 11, 2010
A Spooked U.S. Economy in October / Politics / US Economy
By: Dr_Ron_Paul
Last week we received worse than expected unemployment numbers, challenging recent claims that the recession has come and gone. Also, as the economy continues to suffer the after effects of the Federal Reserve-created bubbles of the last decade, there is renewed interest in gold. Fears that the Federal Reserve will pump even more money into the system had caused the price of gold to reach new highs.
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