Euro-area unemployment hits a record 12.1% in March according to the EU's statistics office. Although the figure is inline with expectations, it underscores the currency bloc's continuing economic woes and shows a recovery from the protracted debt crisis may still be some ways off. The news adds to speculation that the ECB will cut rates this week. [View news story]
I agree. Spanish unemployment didn't skyrocket after austerity was imposed.
Euro-area unemployment hits a record 12.1% in March according to the EU's statistics office. Although the figure is inline with expectations, it underscores the currency bloc's continuing economic woes and shows a recovery from the protracted debt crisis may still be some ways off. The news adds to speculation that the ECB will cut rates this week. [View news story]
I wouldn't recommend spending more when there is high unemployment. It may lower it, and nothing good has ever come out of lower unemployment.
Euro-area unemployment hits a record 12.1% in March according to the EU's statistics office. Although the figure is inline with expectations, it underscores the currency bloc's continuing economic woes and shows a recovery from the protracted debt crisis may still be some ways off. The news adds to speculation that the ECB will cut rates this week. [View news story]
And totally dismantle the social safety nets. Don't forget that. The only way to lower unemployment is to take unemployment benefits out so that people are willing to work for free as serfs. That will lower unemployment.
Euro-area unemployment hits a record 12.1% in March according to the EU's statistics office. Although the figure is inline with expectations, it underscores the currency bloc's continuing economic woes and shows a recovery from the protracted debt crisis may still be some ways off. The news adds to speculation that the ECB will cut rates this week. [View news story]
The only way to fix unemployment in EU is more austerity.
Outflows from gold ETPs have hit a record 159 metric tons so far this month, bringing YTD outflows to 319mt or 12% of holdings at the year's start. As comparison, gold inflows for all of 2012 were 279mt. The largest of gold ETFs, State Street's (STT) SPDR Gold Trust (GLD) has seen outflows of 11% this month to 1,083mt. [View news story]
If the price of the paper gold - the ETF - drops, the price of real gold remains unchanged. This is common knowledge. The two do not track each other at all. So of course you have won. The ETF can go to 0, the price of physical gold will shoot to the moon.
Dallas Fed Manufacturing Index:-15.6 vs. +5.0 expected, +7.4 previous. Production fell to -0.5 from +9.9. New Orders -4.9 from +9 - the first negative reading this year. Prices +2.5 vs. +19.1. Expectations -6.7 vs. +15.3. [View news story]
That's just not true. Texas doesn't depend on the rest of the country. The rest of the country depends on Texas.
Dallas Fed Manufacturing Index:-15.6 vs. +5.0 expected, +7.4 previous. Production fell to -0.5 from +9.9. New Orders -4.9 from +9 - the first negative reading this year. Prices +2.5 vs. +19.1. Expectations -6.7 vs. +15.3. [View news story]
This is super bearish. We should sell everything right now and go triple short.
Air traffic control operations are set to return to normal by this evening after the FAA ended the staff furloughs that had caused the delay of thousands of flights since coming into effect last Sunday. The FAA's move follows Congress' passing of legislation that allowed the agency to redirect up to $253M of its airport improvement budget to fund staffing and operations. [View news story]
Brady, Do you understand the concept of debt monetization?
Air traffic control operations are set to return to normal by this evening after the FAA ended the staff furloughs that had caused the delay of thousands of flights since coming into effect last Sunday. The FAA's move follows Congress' passing of legislation that allowed the agency to redirect up to $253M of its airport improvement budget to fund staffing and operations. [View news story]
More on the Q1 GDP (first estimate) miss: Government spending slowdown continues, with real federal government spending off 8.4% vs. 14.8% in Q4; defense spending off 11.5% vs. 22.1%. Real PCE +3.2%. Nonresidential fixed investment +2.1%. Real exports +2.9%, Real imports +5.4%. Real final sales +1.5% vs. 1.9% in Q4. Inventories added 103 bps to GDP in Q1 after subtracting 152 bps in Q4. SPY -0.3% premarket. The long bond pops half of a point. TLT +0.8% premarket. (full report) [View news story]
FF, as for gold, just wait for Paulson to dump. When he does there will be yet another nice crash.
More on the Q1 GDP (first estimate) miss: Government spending slowdown continues, with real federal government spending off 8.4% vs. 14.8% in Q4; defense spending off 11.5% vs. 22.1%. Real PCE +3.2%. Nonresidential fixed investment +2.1%. Real exports +2.9%, Real imports +5.4%. Real final sales +1.5% vs. 1.9% in Q4. Inventories added 103 bps to GDP in Q1 after subtracting 152 bps in Q4. SPY -0.3% premarket. The long bond pops half of a point. TLT +0.8% premarket. (full report) [View news story]
FF, I don't believe I have all the answers, but I do believe that if Britain can do it so can we. With adequate austerity it should be possible to crush the US economy.
Air traffic control operations are set to return to normal by this evening after the FAA ended the staff furloughs that had caused the delay of thousands of flights since coming into effect last Sunday. The FAA's move follows Congress' passing of legislation that allowed the agency to redirect up to $253M of its airport improvement budget to fund staffing and operations. [View news story]
If sequester is not enough what can we do to truly crumble the infrastructure? We need austerity anyway so that we can get a nice deep Depression. Two birds with one stone.
Air traffic control operations are set to return to normal by this evening after the FAA ended the staff furloughs that had caused the delay of thousands of flights since coming into effect last Sunday. The FAA's move follows Congress' passing of legislation that allowed the agency to redirect up to $253M of its airport improvement budget to fund staffing and operations. [View news story]
Since when has USA learned anything from foreigners other than austerity?
Air traffic control operations are set to return to normal by this evening after the FAA ended the staff furloughs that had caused the delay of thousands of flights since coming into effect last Sunday. The FAA's move follows Congress' passing of legislation that allowed the agency to redirect up to $253M of its airport improvement budget to fund staffing and operations. [View news story]
Brady, I agree. My dad has been taking medication for high BP for ages, yet he hasn't gotten rid of his high BP. He should just stop spending on medication and leave a large inheritance for me.
5 Best U.S. ETFs For 2013 [View article]
Euro-area unemployment hits a record 12.1% in March according to the EU's statistics office. Although the figure is inline with expectations, it underscores the currency bloc's continuing economic woes and shows a recovery from the protracted debt crisis may still be some ways off. The news adds to speculation that the ECB will cut rates this week. [View news story]
Euro-area unemployment hits a record 12.1% in March according to the EU's statistics office. Although the figure is inline with expectations, it underscores the currency bloc's continuing economic woes and shows a recovery from the protracted debt crisis may still be some ways off. The news adds to speculation that the ECB will cut rates this week. [View news story]
Euro-area unemployment hits a record 12.1% in March according to the EU's statistics office. Although the figure is inline with expectations, it underscores the currency bloc's continuing economic woes and shows a recovery from the protracted debt crisis may still be some ways off. The news adds to speculation that the ECB will cut rates this week. [View news story]
Euro-area unemployment hits a record 12.1% in March according to the EU's statistics office. Although the figure is inline with expectations, it underscores the currency bloc's continuing economic woes and shows a recovery from the protracted debt crisis may still be some ways off. The news adds to speculation that the ECB will cut rates this week. [View news story]
Outflows from gold ETPs have hit a record 159 metric tons so far this month, bringing YTD outflows to 319mt or 12% of holdings at the year's start. As comparison, gold inflows for all of 2012 were 279mt. The largest of gold ETFs, State Street's (STT) SPDR Gold Trust (GLD) has seen outflows of 11% this month to 1,083mt. [View news story]
So get physical.
Dallas Fed Manufacturing Index: -15.6 vs. +5.0 expected, +7.4 previous. Production fell to -0.5 from +9.9. New Orders -4.9 from +9 - the first negative reading this year. Prices +2.5 vs. +19.1. Expectations -6.7 vs. +15.3. [View news story]
Dallas Fed Manufacturing Index: -15.6 vs. +5.0 expected, +7.4 previous. Production fell to -0.5 from +9.9. New Orders -4.9 from +9 - the first negative reading this year. Prices +2.5 vs. +19.1. Expectations -6.7 vs. +15.3. [View news story]
Air traffic control operations are set to return to normal by this evening after the FAA ended the staff furloughs that had caused the delay of thousands of flights since coming into effect last Sunday. The FAA's move follows Congress' passing of legislation that allowed the agency to redirect up to $253M of its airport improvement budget to fund staffing and operations. [View news story]
Air traffic control operations are set to return to normal by this evening after the FAA ended the staff furloughs that had caused the delay of thousands of flights since coming into effect last Sunday. The FAA's move follows Congress' passing of legislation that allowed the agency to redirect up to $253M of its airport improvement budget to fund staffing and operations. [View news story]
More on the Q1 GDP (first estimate) miss: Government spending slowdown continues, with real federal government spending off 8.4% vs. 14.8% in Q4; defense spending off 11.5% vs. 22.1%. Real PCE +3.2%. Nonresidential fixed investment +2.1%. Real exports +2.9%, Real imports +5.4%. Real final sales +1.5% vs. 1.9% in Q4. Inventories added 103 bps to GDP in Q1 after subtracting 152 bps in Q4. SPY -0.3% premarket. The long bond pops half of a point. TLT +0.8% premarket. (full report) [View news story]
More on the Q1 GDP (first estimate) miss: Government spending slowdown continues, with real federal government spending off 8.4% vs. 14.8% in Q4; defense spending off 11.5% vs. 22.1%. Real PCE +3.2%. Nonresidential fixed investment +2.1%. Real exports +2.9%, Real imports +5.4%. Real final sales +1.5% vs. 1.9% in Q4. Inventories added 103 bps to GDP in Q1 after subtracting 152 bps in Q4. SPY -0.3% premarket. The long bond pops half of a point. TLT +0.8% premarket. (full report) [View news story]
Air traffic control operations are set to return to normal by this evening after the FAA ended the staff furloughs that had caused the delay of thousands of flights since coming into effect last Sunday. The FAA's move follows Congress' passing of legislation that allowed the agency to redirect up to $253M of its airport improvement budget to fund staffing and operations. [View news story]
Air traffic control operations are set to return to normal by this evening after the FAA ended the staff furloughs that had caused the delay of thousands of flights since coming into effect last Sunday. The FAA's move follows Congress' passing of legislation that allowed the agency to redirect up to $253M of its airport improvement budget to fund staffing and operations. [View news story]
Air traffic control operations are set to return to normal by this evening after the FAA ended the staff furloughs that had caused the delay of thousands of flights since coming into effect last Sunday. The FAA's move follows Congress' passing of legislation that allowed the agency to redirect up to $253M of its airport improvement budget to fund staffing and operations. [View news story]