Category: US Economy
The analysis published under this category are as follows.
Friday, June 04, 2010
MasterCard Study Says Consumer Spending Has Taken A Break / Economics / US Economy
By: Mike_Shedlock
Michael McNamara, Vice President, Research and Analysis for SpendingPulse, observes Consumer Takes a Respite as Spending in Many Sectors Declines.
Thursday, June 03, 2010
Countdown to U.S. Economic Collapse / Economics / US Economy
By: Pravda
Michael Snyder writes: So just how bad is the U.S. economy? Well, the truth is that sometimes it is hard to put into words. We have squandered the great wealth left to us by our forefathers, we have almost totally dismantled the world's greatest manufacturing base, we have shipped millions of good jobs overseas and we have piled up the biggest mountain of debt in the history of mankind.
Wednesday, June 02, 2010
The Economic Impact of the Horrific Gulf Oil Spill / Economics / US Economy
By: Paul_Mladjenovic
As I watch from a distance the great catastrophe in the Gulf of Mexico, I think with great concern what the impact will be above and beyond the monumental environmental impact for the immediate areas.
Beyond the corporate and governmental blunders, blaming and dithering, we have to recognize what must be done and also what we face as a society.
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Friday, May 28, 2010
Gerald Celente Clash of the Economists - What's Next For Our Economy? / Economics / US Economy
By: Videos
ABC6 News Anchor John DeLuca sat down with two prominent economists, with two drastically different outlooks for the nation's economy.
Gerald Celente, Director of the Trends Research Institute, sees a very bleak future for the United States, and a major collapse coming soon for the entire nation, maybe the entire world.
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Wednesday, May 26, 2010
U.S.A Drops From 1st to 3rd Most Competitive Country / Economics / US Economy
By: Pravda
The United States of America has, for the first time in a decade, fallen from first place to third in the ranking of the Most Competitive Countries, according to the World Competitiveness Yearbook 2010, drawn up by the Institute for Management Development in Switzerland.
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Tuesday, May 25, 2010
The U.S. Economy Really is in Trouble / Economics / US Economy
By: Gerard_Jackson
Although industrial production has continued to grow manufacturing has started to slow. There were mass layoffs in April with manufacturing taking the lead. The Fed reported that that its index of manufacturing activity for New York, New Jersey and Connecticut had slowed significantly while the Philadelphia Fed reported that manufacturing growth had decelerated and that in May there was a significant drop in orders for manufactured goods. Adding to the woe was a report by The Conference Board that its index of leading economic indicators dropped in April, the first fall in about twelve months. What the devil is going on? Without a doubt this is the worst 'recovery' in post-war history.
Saturday, May 22, 2010
The True State of Today’s U.S. Economy, Facts Vs Fiction / Economics / US Economy
By: David_Galland
By David Galland, Managing Editor, The Casey Report : There is a lot of “noise” being tossed out by the politicos and their preferred pundits about how the U.S. economy is on the mend. Thus it is important to try and separate fact from fiction about where things really stand.
Monday, May 10, 2010
April U.S. Jobs Report, Should We Be Upbeat on Unemployment? / Economics / US Economy
By: Douglas_French
The April jobs report was described as "upbeat," with the reported 290,000 positive job gain the best in four years. "It clearly shows that this economic recovery can no longer be seen as a jobless one," said Bart van Ark, chief economist of research firm The Conference Board. "Companies apparently are finding they can't squeeze out any more output without adding workers."
Thursday, May 06, 2010
U.S. Anemic GDP Growth Rate Not Good Enough / Economics / US Economy
By: Hans_Wagner
In normal times, a 3.2 percent GDP growth rate for the United States is good. In the 1980’s the U.S. suffered another severe recession. During that recovery, GDP grew at a 7 to a 9 percent rate for more than one year. A 3.2 percent GDP annual growth rate barely creates enough jobs to keep up with the expanding population. It does nothing for all those who lost their jobs and are looking for work. The U.S. unemployment rate is 9.7 percent and the underemployment rate, a more accurate measure of the true unemployment situation is running at the 16.5% level.
Monday, May 03, 2010
Was There A Plan to Blow Up The U.S. Economy? / Politics / US Economy
By: Mike_Whitney
Many people now believe that the financial crisis was not an accident. They think that the Bush administration and the Fed knew what Wall Street was up to and provided their support. This isn't as far fetched as it sounds. As we will show, it's clear that Bush, Greenspan and many other high-ranking officials understood the problem with subprime mortgages and knew that a huge asset bubble was emerging that threatened the economy. But while the housing bubble was more than just an innocent mistake, it doesn't rise to the level of "conspiracy" which Webster defines as "a secret agreement between two or more people to perform an unlawful act." It's actually worse than that, because bubblemaking is the dominant policy, and it's used to overcome the structural problems in capitalism itself, mainly stagnation.
Friday, April 30, 2010
Reconnecting Wall Street to Main Street / Economics / US Economy
By: Peter_Schiff
Hemant Kathuria writes: Much has been made about how the massive bailouts of Wall Street firms have come at the expense of US taxpayers. And after having posted record profits during the peak of the real estate boom, it is easy to understand Main Street's anger at picking up the multi-trillion dollar tab - especially as Wall Street's bonus machine is spinning once again.
Sunday, April 18, 2010
Financial Reform Bill Will Devastate U.S. Economy, and Goldman Sachs CDO's Squared / Stock-Markets / US Economy
By: John_Mauldin
First, Let's Kill the Angels
Equal Choice, Equal Access, Equal Opportunity
Some Quick Thoughts on Goldman
La Jolla and Dallas
When you draft a 1,300-page "financial reform" bill, various special interests get language tucked into the bill to help their agendas. However, the unintended consequences can be devastating. And the financial reform bill has more than a few such items. Today, we look briefly at a few innocent paragraphs that could simply kill the job-creation engine of the US. I know that a few Congressmen and even more staffers read my letter, so I hope that someone can fix this. The Wall Street Journal today noted that the bill, while flawed, keeps getting better with each revision. Let's hope that's the case here.
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Saturday, April 17, 2010
U.S. Economy and Interest Rate Forecasts Update / Economics / US Economy
By: Paul_L_Kasriel
It has been a while since we last wrote an economic and interest rate update - February 22, to be exact. There are two reasons for the absence of a March update - heavy travel schedule and not much new to say on the subject. In the broad scheme of things, the only significant change to the forecast is with respect to inflation. Back in February, we were expecting the CPI to increase by 2.5% in 2010 on a Q4/Q4 basis. Now we are forecasting an increase of only 1.7%.
Monday, April 12, 2010
U.S. Economy Catch-22 of a China Yuan Currency Revaluation / Economics / US Economy
By: Colin_Brodhead
The stage has been set for a play of the utmost irony, coupled to an acceleration in the decline of the fundamental U.S. economy. Members of the U.S. Congress have recently urged the Treasury Department to declare China a "currency manipulator," thus implicitly threatening China with punitive measures if it does not allow the value of its currency to rise against the dollar.
Friday, April 09, 2010
Why the Fed Won’t Rescue America’s Plunging Savings Rate / Economics / US Economy
By: Money_Morning
Martin Hutchinson writes: In the 1992 election campaign, H. Ross Perot predicted a "giant sucking sound" of U.S. jobs heading for Mexico if the North American Free Trade Agreement passed. Perot seems to have been wrong on that - wherever U.S. jobs have gone, it's not Mexico.
Friday, April 09, 2010
U.S. Consumers Are Back", Mish Says "Show Me The Money" / Economics / US Economy
By: Mike_Shedlock
MarketWatch is reporting March sales are fresh signal that U.S. consumers are back.
Thursday, April 08, 2010
Consumer Balance Sheet and Consumer Spending in Perspective Economic Recovery Implications / Economics / US Economy
By: Mike_Shedlock
Here is an interesting chart on Consumer Balance Sheet, Savings Rate, and Debt Service Ratio posted by Barry Ritholtz.
Tuesday, April 06, 2010
Dollar Yuan Exchange Rate Issues to Dominate China U.S. April Summit Visit / Economics / US Economy
By: Paul_L_Kasriel
Chinese President Hu Jintao will attend the Nuclear Security Summit in Washington, D.C. on April 12-13. One of the main agenda items of this summit is to fashion a multilateral strategy to deal with Iran's suspected nuclear weapons development program. But the announcement of President Hu's attendance at this summit has set off speculation that the Chinese government is prepared to let the yuan appreciate versus the U.S. dollar. From about July 2005 through June 2008, the yuan was allowed to slowly appreciate versus the dollar. But in July 2008 as the global financial crisis was intensifying, the Chinese government stabilized the yuan/dollar exchange rate. (See Chart 1.)
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Sunday, April 04, 2010
U.S. Dollar Gains on March Jobs Growth / Economics / US Economy
By: LiveCharts
For only the second time in the 27 month period since the start of the US recession, employers have added jobs. This is the news from the US Labor Department in its monthly payroll report for March released early Friday (April 2) morning.
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Sunday, April 04, 2010
Underemployment In The U.S. Rises to 20.3% in March / Economics / US Economy
By: Dian_L_Chu
Reports from the Labor Department today showed companies in the U.S. created more jobs in March than at any time in the past three years, showing the recovery is broadening and becoming more entrenched.
Payrolls rose by 162,000 workers, the most gain since March 2007, though the increase included 48,000 temporary Census workers. Unemployment remains at 9.7% for a third month.