You are assuming that retirees are staying out of the workforce....they are increasing. So to claim declining demographics is incorrect. http://bit.ly/I8JC4K
ADP: January Payrolls Climb The Most In 11 Months [View article]
The problem is BLS and ADP count all jobs as equal. Part time, temp, full time. The quality of new jobs being created is extremely low. A quarter of all new jobs pay below the federal poverty level. Employment to population ratio is at 1983 levels with a 2012 population.
Visualizing GDP: Some Anomalies In The Q4 Advance Estimate [View article]
Interesting that lack of government spending was a big contributor when the government spent $30 billion more in Q4 than in Q3. Wonder were that money went.....
GDP Q4 Advance Estimate At -0.1%: A Shocking Slip Into Contraction [View article]
The market will continue to rise as long as QE and forced low interest rates continue. An economy based on govt backed loans, debt, printing money, etc. will not function for long.
Overseas: Japan -0.94%. Hong Kong +0.39%. China +2.41%. India -0.01%. London +0.01%. Paris +0.08%. Frankfurt +0.03%. [View news story]
Sort of wondering where all this Chinese production is going. US and Europe are soft at best. Even CAT stated they and dealers aggressively reducing inventory and slowing production down to closer to end user levels. Are we seeing more busy construction work to keep the people employed and busy even though there really isn't any demand?
As many as 353 coal-fired electricity units could be retired as the costs of installing pollution controls on those plants won’t let them compete with cheaper natural gas and wind power, the Union of Concerned Scientists said in a report released today. Such a move would be warranted, the group says, because those rarely used plants have already outlived their 30-year lifespan and generate the most emissions of harmful pollutants and greenhouse gases. [View news story]
The gasses in greenhouses that make plants grow better. Mainly H2O(g) and CO2. The big problem with coal plants are the methyl mercury that ends up in fish tissue.
The fiscal cliff matters: Even if the financial consequences aren't that severe, Josh Brown argues the mere perception of falling off the cliff would seriously harm financial markets. But if the fiscal cliff actually gets fixed, Jamie Dimon thinks the U.S. economy would boom, since the top problem holding it back is the looming tax increases and spending cuts that would kick in at year-end. [View news story]
Markets can celebrate all they want...or fall. The fact is, middle America continues to decline. The average person owns few stocks...if any. Has little to no savings, and continues to earn less vs cost of living. Majority of new jobs are part time, not full time and certainly not living wage. The food stamp report was released very late and on a weekend (hmmm) showing a massive jump July to August. There are 4 million job openings ( not all living wage) and 40 million able bodied work age people (unemployed + part time that want full + NILF). This gap continues to grow regardless of the market going up or down. IF the US cannot quickly revamp itself, the fiscal cliff won't matter.
The payroll tax holiday will not be extended, according to JPMorgan, reducing U.S. disposable income next year by $125B and causing a significant contraction in the economy. So there's 0.6% knocked off next year's GDP growth, and we haven't got to the Bush tax cuts. (h/t David Schawel) [View news story]
I believe we are STILL involved in those conflicts, plus got involved in Libya, Yemen, Pakistan... Its been 4 yrs and here we still are. It's Bush's fault doesn't work. In 8 yrs of Bush the debt increased by ~4.3 Trillion... In 4 yrs of Obama it has increased $3.9 Trillion (then Sen Obama voted for the bailouts so he gets that one too). You can point fingers all you want, but the spending regime, along with extending the tax cuts every year during his 4 yrs falls to Obama. He has continued or accelerated most of the previous administrations policies. Bush was a lousy president, but I sure don't see any improvement in the present one.
The payroll tax holiday will not be extended, according to JPMorgan, reducing U.S. disposable income next year by $125B and causing a significant contraction in the economy. So there's 0.6% knocked off next year's GDP growth, and we haven't got to the Bush tax cuts. (h/t David Schawel) [View news story]
No it didn't. What happened was the government spent beyond it's means...and has continued to accelerate that. Bush tax cuts for the wealthy equated to $40 Billion decrease per year in revenue. The tax cuts for everyone equated to ~$360 Billion decrease per year. Notice deficit spending is in excess of $1 Trillion. Thus if the tax cuts for everyone expired we would still be in deficit/debt.
Just wait and see what happens when 2013 rolls around and payroll taxes kick in, tax cuts expire (for anyone) and the HC tax hits individuals and businesses. Q1 2013 is going to be brutal.
+300,000 new claims a week for how many years is an upward economy? Majority of 'new' jobs are part time not full. Rate of workforce population growth is far outstripping jobs. Last months employment report was awful. NSA full time jobs decreased by 500,000 and part time increased by 1.2 million. The economy is stagnant and isn't degrading because the Fed keeps rate forced down and is in QEinfinity mode. The federal govt is the leading backer of loans (even though it is $16.2 Trillion in debt). One little hiccup and the whole thing falls apart.
Get Ready For Stagflation [View article]
http://bit.ly/I8JC4K
Fewer work age people are participating.
http://bit.ly/YkUiqk
http://bit.ly/12bPVCK
Celebrating Negative Growth [View article]
ADP: January Payrolls Climb The Most In 11 Months [View article]
Visualizing GDP: Some Anomalies In The Q4 Advance Estimate [View article]
Wonder were that money went.....
GDP Q4 Advance Estimate At -0.1%: A Shocking Slip Into Contraction [View article]
It's Getting Hard To Be A Gold Bull These Days [View article]
Dec. Durable Goods: +4.6% vs. +1.6% expected, +0.7% prior. Ex-transport +1.3% vs. +0.4% expected, +1.6% prior . [View news story]
Overseas: Japan -0.94%. Hong Kong +0.39%. China +2.41%. India -0.01%. London +0.01%. Paris +0.08%. Frankfurt +0.03%. [View news story]
Are we seeing more busy construction work to keep the people employed and busy even though there really isn't any demand?
As many as 353 coal-fired electricity units could be retired as the costs of installing pollution controls on those plants won’t let them compete with cheaper natural gas and wind power, the Union of Concerned Scientists said in a report released today. Such a move would be warranted, the group says, because those rarely used plants have already outlived their 30-year lifespan and generate the most emissions of harmful pollutants and greenhouse gases. [View news story]
The fiscal cliff matters: Even if the financial consequences aren't that severe, Josh Brown argues the mere perception of falling off the cliff would seriously harm financial markets. But if the fiscal cliff actually gets fixed, Jamie Dimon thinks the U.S. economy would boom, since the top problem holding it back is the looming tax increases and spending cuts that would kick in at year-end. [View news story]
The payroll tax holiday will not be extended, according to JPMorgan, reducing U.S. disposable income next year by $125B and causing a significant contraction in the economy. So there's 0.6% knocked off next year's GDP growth, and we haven't got to the Bush tax cuts. (h/t David Schawel) [View news story]
You can point fingers all you want, but the spending regime, along with extending the tax cuts every year during his 4 yrs falls to Obama. He has continued or accelerated most of the previous administrations policies.
Bush was a lousy president, but I sure don't see any improvement in the present one.
The payroll tax holiday will not be extended, according to JPMorgan, reducing U.S. disposable income next year by $125B and causing a significant contraction in the economy. So there's 0.6% knocked off next year's GDP growth, and we haven't got to the Bush tax cuts. (h/t David Schawel) [View news story]
Bush tax cuts for the wealthy equated to $40 Billion decrease per year in revenue. The tax cuts for everyone equated to ~$360 Billion decrease per year. Notice deficit spending is in excess of $1 Trillion. Thus if the tax cuts for everyone expired we would still be in deficit/debt.
Just wait and see what happens when 2013 rolls around and payroll taxes kick in, tax cuts expire (for anyone) and the HC tax hits individuals and businesses. Q1 2013 is going to be brutal.
Initial Jobless Claims: -8K to 355K vs. 370K consensus, 363K prior. Continuing claims -135K to 3.12M. [View news story]
Initial Jobless Claims: -9K to 363K vs. 369K consensus, 369K prior. Continuing claims +4K to 3.26M. [View news story]
GDP Q3 (1st estimate): +2.0% vs. +1.9% consensus, +1.3% previous. [View news story]