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  • Initial Jobless Claims: 386K vs. 365K consensus (prior week revised to 388K from 380K). Continuing claims +26K to 3.27M.  [View news story]
    When Crude hits $150 sell, until then we are in a sustainable period of growth. Take it for what it's worth. The hurdle right now is depending on a finite material to sustain perpetual isn't possible. There will be several more recessions that correlate to spikes in oil prices. Right now crude is a much better indicator of future economic shifts than jobless claims.
    Apr 20 10:25 AM | Likes Like |Link to Comment
  • Initial Jobless Claims: 386K vs. 365K consensus (prior week revised to 388K from 380K). Continuing claims +26K to 3.27M.  [View news story]
    relax regulation, cut education,drill more, everything will be fin
    Apr 19 09:20 AM | Likes Like |Link to Comment
  • The shale gas boom will contribute $118B to GDP by 2015 and low prices will create another 809,000 jobs, says the Natural Gas Alliance, a coalition of 30 drillers. However, points out Gregory Meyer in the FT, that's not all that much when you consider that GDP is $15T and the number of unemployed is 12.7M.
     [View news story]
    Smoke and mirrors...
    Apr 16 08:15 AM | Likes Like |Link to Comment
  • The Obama Administration says it's cutting the mortgage fees charged by the FHA’s refinancing program as part of its attempt to boost the ailing housing market. The move, which doesn't need Congressional approval, will help an estimated 2M-3M borrowers each save around $1,000 a year on average. (PR)  [View news story]
    This makes sense. If people see less of a cost associated with refinancing, they are more likely to restructure for a remodel, efficiency upgrade, etc etc. This promotes more purchases and labor hired. Fingers crossed.
    Mar 6 02:30 PM | Likes Like |Link to Comment
  • Bruce Bartlett, a veteran GOP staffer, rails against the rich who complain about being hit by the recession. "The wealthy ought to stop demanding more tax cuts and cuts in spending for programs aiding the poor," as every GOP candidate promises, writes Bartlett, who's "still waiting" for the promised growth from the Bush tax cuts.  [View news story]
    The tax cuts could have worked if during those tax cuts the previous administration hadn't decided to start multiple wars. Tax cuts during war-time = stupid.

    There was no way growth was going to take hold, or even if growth did occur because of the cuts, it could balance out the revenue lost while spending billions to destroy a country looking for mythical wmds.

    Bush's mistake wasn't cutting taxes, it was doing it during war time. Mr. Bartlett should include a little bigger picture if you ask me.
    Mar 6 12:25 PM | 2 Likes Like |Link to Comment
  • Income discrepancies seem to be growing again, as 93% of all income gains during 2010 went to the top 1% of earners, a new study says. Income share for the top 1% reached a post-1929 peak of 23.5% in 2007, tumbled to 18.1% by 2009, but in 2010 bounced up to 19.7%. It's likely "this uneven recovery has continued in 2011 as the stock market has continued to recover."  [View news story]
    It's a basic result of tax structure.
    Mar 6 08:43 AM | Likes Like |Link to Comment
  • High levels of a chemical that causes tumors in animals were found in Coca-Cola (KO) and Pepsi (PEP) sodas, according to a consumer advocacy group pressing regulators to ban a color additive. A consumer would have to drink more than 1,000 cans of soda in a day to match the doses administered in studies that showed links to cancer in rodents, the FDA counters.  [View news story]
    I'm going to have to cut back from my 1200 cans a day...
    Mar 5 02:47 PM | 1 Like Like |Link to Comment
  • ISM New York Report on Business: 63.1, up from January's 60.1. It's the fastest expansion for NYC business activity in 11 months.  [View news story]
    Yep smells like money.
    Mar 2 10:48 AM | Likes Like |Link to Comment
  • Consumer groups kick up a concerted effort to oust FDA deputy commissioner Michael Taylor from his position due to his previous ties to Monsanto (MON). Though the official says he recuses himself from issues related to animal and plant biotechnology, critics say his background adds credence to the notion that the FDA favors the interests of large companies over small farmers. [View news story]
    You like big corrupt government?
    Mar 2 08:27 AM | 1 Like Like |Link to Comment
  • February ISM Manufacturing Index: 52.4 vs. 54.6 expected (54.1 previous). New orders 54.9 (57.6 previous), Production 55.3 (55.7), Employment 53.2 (54.3), Prices 61.5 (55.5), Supplier Deliveries 49.0 (53.6).  [View news story]
    how many months in a row of expansion is this now?
    Mar 1 10:38 AM | Likes Like |Link to Comment
  • Initial Jobless Claims: -2K to 351K vs. +4K consensus. Continuing claims -2K to 3.4M.  [View news story]
    27 straight months and counting of job market growth...
    Mar 1 09:28 AM | 2 Likes Like |Link to Comment
  • Chicago PMI: 64 vs. 61.5 expected, 60.2 prior. Employment 64.2 vs. 54.7 prior. New orders 69.2 vs. 63.6 prior. Prices paid 65.6 vs. 62.4 prior. [View news story]
    Ahh the fog from the last administration is finally beginning to lift.
    Feb 29 11:42 AM | Likes Like |Link to Comment
  • Natural gas will be a game-changer for the U.S. economy, enabling the U.S. to potentially overtake Russia to become the world's biggest energy producer in the next 10 years, according to analysis from Pimco's Mark Kissel. It's lowering costs, pushing down prices and is even now making the U.S. less energy reliant - nat gas imports are already less than half their 2008 totals.  [View news story]
    Good to see an administration actually increasing US energy production for once.
    Feb 28 08:27 AM | Likes Like |Link to Comment
  • Crude oil continues to surge, the bull run given a renewed push from an IAEA warning on Iran's nuclear program. WTI crude +1.3% at $109.23, Brent crude +1.2% to $125.06.  [View news story]
    $4.11 was national average. srspa77, shouldn't you be stopping the girl scouts from continuing their pro-abortion campaign.
    Feb 25 07:14 PM | 1 Like Like |Link to Comment
  • Iran has sharply increased production of enriched uranium over the last 4 months, according the IAEA, which says it has "serious concerns" over the military dimension of the county's nuclear work. Oil pops higher, especially Brent, jumping about $0.70 to $124.34/barrel.  [View news story]
    Well said Origa
    Feb 24 04:44 PM | Likes Like |Link to Comment