Notwithstanding the fact that even the much respect magazine, The Economist, now implies America as a Ponzi scheme (a troubling development), let's see an opposite view to this morning's take by Eric Sprott.
Category: US Economy
The analysis published under this category are as follows.
Sunday, April 04, 2010
U.S. Friday Jobs Report / Economics / US Economy
By: PhilStockWorld
Most markets are closed Friday. Japan was open and they went up 41 points (0.37%) and the MSCI Asia Pacific Index also went up 0.3% in Tokyo 1trading and Russia fell 0.1% but markets in Australia, Hong Kong, China, New Zealand, Singapore, India, the Philippines, Indonesia, the U.S. and all of western Europe are closed today for holidays. Strangely though, the Futures Market is open this morning so that can make things very tricky on a big data day like today.
Wednesday, March 31, 2010
U.S. Unemployment Increasing Seasonal Adjustment Amplitude / Economics / US Economy
By: Mike_Shedlock
My question is on the the increasing amplitude of BLS seasonal adjustments as noted in BLS Seasonal Adjustments Gone Haywire; 11% Unemployment Coming by May?
Tuesday, March 30, 2010
U.S. Census Numbers Uncensored / Economics / US Economy
By: Casey_Research
Vedran Vuk, Casey Research writes:
The Census aims to be every man’s hero. It promises an economic stimulus, a reduction in unemployment, and greater funds for every community. Of course, the reality is much closer to a game of musical chairs with your money. And guess who will be left standing?
Saturday, March 27, 2010
More Greenspan Financial Crisis Excuses / Politics / US Economy
By: Submissions
Greenspan is all over the place on here, just trying to cover his inneptitude. He claims this is a once in a century event while the US has to reel in it's debt. I got news for Greenspan, the bubble crashes will only get worse. We have the same system and it will only become more and more difficult for $1 trillion to magically appear to save these 'Bubbles'.
Wednesday, March 24, 2010
Growing Gap between Government and Private Sector Benefits / Economics / US Economy
By: Mike_Shedlock
Michael Mandel, former chief economist for BusinessWeek, is now writing on his own blog. Please consider his latest post on The Growing Gap between Govt and Private Sector Benefits.
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Saturday, March 20, 2010
China Currency Dispute Threat to U.S. Muddle Through Economic Growth / Economics / US Economy
By: John_Mauldin
O Canada
The Threat to Muddle Through
Back to 1971
The fault, dear Brutus, is not in our stars
GDP = C + I + G + Net Exports
If the Chinese allowed the renminbi to rise, would that make the USA better off? That is the contention of a cabal of critics from Senators to Nobel laureates. Paul Krugman wants to see a 25% tariff on Chinese goods. Today we examine that idea, and look at the real problems that we face. If only it were so easy. The numbers just don't add up. The fault, dear Brutus...
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Thursday, March 11, 2010
U.S. Economic Recovery Has Stalled, Unemployment Claims at 462,000 / Economics / US Economy
By: Mike_Shedlock
Any economists blaming snow for recent weekly claims reports need to search for additional excuses. Once again, today's numbers appear like reporting in the movie Groundhog Day.
Wednesday, March 10, 2010
The Three most IMMINENT Economic Disasters. How to survive … / Economics / US Economy
By: Sean_Brodrick
Of all the major disasters and threats to your security ahead — and all the major profit opportunities — three stand out as the most imminent of all:
Disaster #1: America’s Empire of Debt. If you think Americans are living a normal life, think again. Our entire consumer economy, lifestyle, livelihood — and nearly all or wealth — is predicated on one thing: DEBT.
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Wednesday, February 03, 2010
A Mortally Wounded Private Sector / Economics / US Economy
By: Michael_Pento
The President’s 2011 budget proposal was so outrageously egregious that Obama had to hold a special conference on Monday just to spin the news.
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Sunday, January 31, 2010
US GDP: The breakdown / Economics / US Economy
By: Vishal_Damor
U.S. government declared its fourth quarter GDP which grew at a 5.7% annual rate. This number didn’t result from actual economic growth per se, but from a slower rate of decline of inventories. Inventory numbers that were falling at a slower rate acccounted for approximately 3.4% of the 5.7% GDP growth at the end of 2009. There has been a decrease in inventories for seven quarters in a row. Private businesses decreased inventories $33.5 billion in the fourth quarter, following a bigger decrease of $139.2 billion in the third quarter and an even biggerdecrease of $160.2 billion in the second.
Friday, January 29, 2010
U.S Economy's Secret Weapon for Economic Growth / Economics / US Economy
By: Money_Morning
Martin Hutchinson writes: The U.S. employment picture isn't pretty. At 10%, the unemployment rate is at its highest level in nearly three decades, and it's expected to move higher. American employers cut 4.2 million jobs last year, and nearly 15.3 million people are unemployed.
Wednesday, January 27, 2010
Robert Shiller on Flawed Economic Theory and the U.S. Housing Market Signs of Life / Economics / US Economy
By: Submissions
Robert Shiller discusses flawed economic theory that forgets that people drive economy, financial sector regulation and signs of life bubbling back into the U.S. Housing Market.
Wednesday, January 27, 2010
What Should We Make of Obama's "Spending Freeze" / Politics / US Economy
By: Washingtons_Blog
The big news today is Obama's proposed "spending freeze".
Fiscal liberals say this cuts spending at the exact time that we most need to increase it.
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Tuesday, January 26, 2010
Social Security “Fixes” Will Compound Existing Economic Problems / Economics / US Economy
By: Nilus_Mattive
I take retirement matters very seriously, which is why I’m constantly on the alert for any hint of a change coming out of Washington.
And make no mistake: There have been times when I agree with new legislation. For example, I had no problem with the temporary suspension of required minimum distributions last year. I also love this year’s revamped Roth conversion laws.
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Tuesday, January 19, 2010
U.S. Economic Collapse, Foundations of the Economy have been Destroyed / Economics / US Economy
By: Global_Research
The vast majority of the talking heads on television are still speaking of the current economic collapse as if it is a temporary “recession” that will soon be over. So far, the vast majority of the American people seem to believe this as well, although for many Americans there is a very deep gnawing in the pit of their stomachs that is telling them that there is something very, very wrong this time around. The truth is that the foundations of the U.S. economy have been destroyed by an orgy of government, corporate and individual debt that has gone on for decades. It was the greatest party in the history of the world, but now the party is over.
Sunday, January 17, 2010
Google Cyberattacks China's War on the U.S. Economy / Politics / US Economy
By: Peter_Navarro
China's recent cyberattacks against Google and as many as 33 other U.S. corporations open up a dangerous new industrial espionage front in Beijing's war on American business.
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Wednesday, January 13, 2010
Unemployment The Most Important Challenge Facing the U.S. Economy / Economics / US Economy
By: Claus_Vogt
From the start of the economic and financial crisis that began in 2007, I made it clear that this was not a garden variety recession. Instead, I said, it was the aftermath of the bursting of the largest real estate bubble the world had ever seen.
Many developments of the past three years support my thesis. Now I predict that this will not be a garden variety recovery either. We should expect some false starts in the economy and a bear market rally for stocks.
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Sunday, January 03, 2010
United States a Ponzi Scheme that Works! / Economics / US Economy
By: Trader_Mark
Notwithstanding the fact that even the much respect magazine, The Economist, now implies America as a Ponzi scheme (a troubling development), let's see an opposite view to this morning's take by Eric Sprott.
Friday, December 25, 2009
Fragile U.S. Economy Under Increasing Stress from Escalating Afghanistan War / Politics / US Economy
By: Global_Research
Sherwood Ross writes: If Iraq war spending helped plunge the U.S. economy into its worst slump since the Depression, what does President Obama think his escalation of the Afghan war will do it?
Wednesday, December 02, 2009
David Kotok of Cumberland Advisors: Asian Views on America / Economics / US Economy
By: Trader_Mark
David Kotok of Cumberland Advisors is a frequent guest on CNBC and unlike many of the bullish, seal clapping brigade often brings pragmatic realism to the TV screen. In his latest missive from last week he reflects on observations from his latest trip to Asia, and I think there are some very compelling insights for American readers who have been indoctrinated in American exceptionalism since birth.