Turns out "re-shoring" is real, according to a new Accenture survey. Two-thirds of senior execs say they have moved their manufacturing operations in the past 24 months, with two-fifths saying the facilities had been relocated to the U.S. China was the second destination for relocated factories, with 28%, followed by Mexico with 21%. [View news story]
Transportation costs have alot to do with it, especially firms that were sending parts overseas to be assembled and then back to US.
The European Central Bank will have to devalue the euro at some point, says Wharton's Jeremy Siegel. Faced with a sovereign debt crisis that just won't go away despite aggressive efforts to shore up the problem, the ECB has been unable to find the right formula to assuage fears of further contagion. The one obvious solution to helping the troubled nations, Siegel says - a devaluation of the euro. [View news story]
The next economic boom, writes Daniel Gross, will be created by the efficiencies unleashed by America's transition from an Ownership Society to a Rentership Society. It's not just housing - citizens are getting used to the flexibility of renting across a whole range of goods. "The U.S. economy needs the dynamism that renting enables as much as - if not more than - it needs the stability that ownership engenders." [View news story]
Well said, you beat me to the "Defend ones Castle" : )
The next economic boom, writes Daniel Gross, will be created by the efficiencies unleashed by America's transition from an Ownership Society to a Rentership Society. It's not just housing - citizens are getting used to the flexibility of renting across a whole range of goods. "The U.S. economy needs the dynamism that renting enables as much as - if not more than - it needs the stability that ownership engenders." [View news story]
The next economic boom, writes Daniel Gross, will be created by the efficiencies unleashed by America's transition from an Ownership Society to a Rentership Society. It's not just housing - citizens are getting used to the flexibility of renting across a whole range of goods. "The U.S. economy needs the dynamism that renting enables as much as - if not more than - it needs the stability that ownership engenders." [View news story]
Doesnt all this never ending bickering over who pays how much, and who gets what deduction make you want to look at the the "Fair Tax" ?? It would really be a great step in the right direction.
Pimco's Mark Kiesel has been a housing bear, until now. “For those of you renting or on the sidelines, I recommend you at least consider getting ‘back in’ and buying a house," Kiesel writes. "The future is hard to predict, but U.S. housing is healing and is probably close to a bottom." He's putting his money where is mouth is, buying a new home in California. [View news story]
A recession is coming, says Street Advisors Lance Roberts, but it's not necessarily a bad thing. Whether it be from falling off the impending "fiscal cliff," or getting caught up in the debt trap where budget reductions, taxes increases or interest rate hikes can't be accomplished because the economy is simply too weak to offset the negative impacts, the downturn is coming. It's part of the overall economic cycle, Roberts says, and despite wishes, hopes and prayers, recessions occur with a surprising level of regularity. [View news story]
In my own little biased view of the world all I have is my own eyes and ears to judge and decipher the info. For every positive there is a negative, and many of the arguments are equally compelling in their validity. Who to believe ?? In reality, I dont think anybodys opinion is much better than mine. I dont need meat and numbers to see whats going around me everyday. I am middle America - hard working, family loving,law abiding, tax payer. The world has changed and not for the better. You can feel it in the air : (
Natural gas futures surge after the latest inventory data shows U.S. supplies are less glut-stricken than expected. Yet despite recent gains, there’s doubt the price can keep rising: “This market will require an early start to a hot summer in order to push nearby values much above the $2.50 level,” trader Jim Ritterbusch says. ETFs: UNG +3.7% but GAZ -1.7%. [View news story]
The Southern Company has added several gas fired turbines over the last several years to handle peak demand in the central Ga area. They are running full bore. Combination of low price and the need to reduce emmissions from coal.
The disastrous coal-driven electricity system in India may give a reprieve to the battered solar industry in the near future. The power sector problems there have become so acute due to mismanagement that it's starting to impede growth. As fossil-fuel grid power reaches near-parity with solar in the region, solar manufacturers see an opportunity - a country with plenty of sun and flat idle land that is starved for energy. [View news story]
If I remember right, havent there been riots and protest of several companies that were trying to clear land for new plants ?? Solar fields to replace coal plants would take 10's of thousands of cleared acres. Monsoon season would be a killer on solar. I have been using this drop in coal to add shares.
Is this week's big spike in natural gas a sign of a price floor? Is it time to buy? Fund manager Dan Rice likes Range Resources (RRC), whose exposure to rich Appalachian fields that produce gas at low cost should help it survive any further period of depressed prices. Weeden's 45-year vet Charles Maxwell favors Encana (ECA). Morgan Stanley likes: OKE, SUN, TRGP, WMB, SE, XTXI. [View news story]
If you're not bribing, you're not trying. A misquote of retired baseball player Mark Grace suddenly seems appropriate with a bevy of U.S. companies now under suspicion of engaging in systemic bribing in order to land new business. A whopping 81 public companies are reportedly under investigation for violating the Foreign Corrupt Practices Act. Headliners: WMT, AVP, QCOM, DE, LVS. [View news story]
How is this any different than US foreign policy. Do as we say and you will receive $$.
Home prices aren't just not rising any time soon, Case-Shiller Index co-founder Robert Shiller says the whole notion of home ownership is undergoing a sea change that may last “for many years." Americans today lack a "success mood," he says, less enamored by the American Dream of a house in the suburbs. "The anxiety outweighs the [low] interest rate." [View news story]
Bet a modern comfy bomb shelter would sell well : )
Thirty states recorded unemployment rate decreases in March, eight posted rate increases, and 12 had no change, the BLS reports. Rates in 49 states and D.C. have decreased Y/Y, while only New York has suffered an increase. Nevada's unemployment rate is 12%, followed by Rhode Island (11.1%) and California (11%); North Dakota's rate is lowest at 3%. [View news story]
I am seeing many of re-employed, working for much less. It moves the numbers, but not so much the economy.
At least 26 Fortune 500 companies including GE and Duke Energy paid no U.S. federal income taxes during 2008-11, in part because of the break for accelerated depreciation, according to Citizens for Tax Justice. “These big, profitable corporations are continuing to shift their tax burden onto average Americans,” says the group's director. “This isn’t fair to the rest of us." [View news story]
It just highlights what a complete mess the tax code is.
Despite efforts to manage the controversy, concerns about so-called “pink slime” in the nation’s beef supply are influencing decisions about what people buy and eat. In a poll recently conducted by Harris Interactive, 22% of respondents said they’ve either decreased and/or stopped altogether their consumption of ground beef in restaurants, and 25% said they’ve either decreased and/or stopped altogether their purchases from grocery stores. [View news story]
Turns out "re-shoring" is real, according to a new Accenture survey. Two-thirds of senior execs say they have moved their manufacturing operations in the past 24 months, with two-fifths saying the facilities had been relocated to the U.S. China was the second destination for relocated factories, with 28%, followed by Mexico with 21%. [View news story]
The European Central Bank will have to devalue the euro at some point, says Wharton's Jeremy Siegel. Faced with a sovereign debt crisis that just won't go away despite aggressive efforts to shore up the problem, the ECB has been unable to find the right formula to assuage fears of further contagion. The one obvious solution to helping the troubled nations, Siegel says - a devaluation of the euro. [View news story]
The next economic boom, writes Daniel Gross, will be created by the efficiencies unleashed by America's transition from an Ownership Society to a Rentership Society. It's not just housing - citizens are getting used to the flexibility of renting across a whole range of goods. "The U.S. economy needs the dynamism that renting enables as much as - if not more than - it needs the stability that ownership engenders." [View news story]
The next economic boom, writes Daniel Gross, will be created by the efficiencies unleashed by America's transition from an Ownership Society to a Rentership Society. It's not just housing - citizens are getting used to the flexibility of renting across a whole range of goods. "The U.S. economy needs the dynamism that renting enables as much as - if not more than - it needs the stability that ownership engenders." [View news story]
http://bit.ly/JU6nuV
The next economic boom, writes Daniel Gross, will be created by the efficiencies unleashed by America's transition from an Ownership Society to a Rentership Society. It's not just housing - citizens are getting used to the flexibility of renting across a whole range of goods. "The U.S. economy needs the dynamism that renting enables as much as - if not more than - it needs the stability that ownership engenders." [View news story]
Pimco's Mark Kiesel has been a housing bear, until now. “For those of you renting or on the sidelines, I recommend you at least consider getting ‘back in’ and buying a house," Kiesel writes. "The future is hard to predict, but U.S. housing is healing and is probably close to a bottom." He's putting his money where is mouth is, buying a new home in California. [View news story]
A recession is coming, says Street Advisors Lance Roberts, but it's not necessarily a bad thing. Whether it be from falling off the impending "fiscal cliff," or getting caught up in the debt trap where budget reductions, taxes increases or interest rate hikes can't be accomplished because the economy is simply too weak to offset the negative impacts, the downturn is coming. It's part of the overall economic cycle, Roberts says, and despite wishes, hopes and prayers, recessions occur with a surprising level of regularity. [View news story]
Natural gas futures surge after the latest inventory data shows U.S. supplies are less glut-stricken than expected. Yet despite recent gains, there’s doubt the price can keep rising: “This market will require an early start to a hot summer in order to push nearby values much above the $2.50 level,” trader Jim Ritterbusch says. ETFs: UNG +3.7% but GAZ -1.7%. [View news story]
They are running full bore. Combination of low price and the need to reduce emmissions from coal.
The disastrous coal-driven electricity system in India may give a reprieve to the battered solar industry in the near future. The power sector problems there have become so acute due to mismanagement that it's starting to impede growth. As fossil-fuel grid power reaches near-parity with solar in the region, solar manufacturers see an opportunity - a country with plenty of sun and flat idle land that is starved for energy. [View news story]
companies that were trying to clear land for new plants ?? Solar fields to replace coal plants would take 10's of thousands of cleared acres. Monsoon season would be a killer on solar. I have been using this drop in coal to add shares.
Is this week's big spike in natural gas a sign of a price floor? Is it time to buy? Fund manager Dan Rice likes Range Resources (RRC), whose exposure to rich Appalachian fields that produce gas at low cost should help it survive any further period of depressed prices. Weeden's 45-year vet Charles Maxwell favors Encana (ECA). Morgan Stanley likes: OKE, SUN, TRGP, WMB, SE, XTXI. [View news story]
If you're not bribing, you're not trying. A misquote of retired baseball player Mark Grace suddenly seems appropriate with a bevy of U.S. companies now under suspicion of engaging in systemic bribing in order to land new business. A whopping 81 public companies are reportedly under investigation for violating the Foreign Corrupt Practices Act. Headliners: WMT, AVP, QCOM, DE, LVS. [View news story]
Home prices aren't just not rising any time soon, Case-Shiller Index co-founder Robert Shiller says the whole notion of home ownership is undergoing a sea change that may last “for many years." Americans today lack a "success mood," he says, less enamored by the American Dream of a house in the suburbs. "The anxiety outweighs the [low] interest rate." [View news story]
Thirty states recorded unemployment rate decreases in March, eight posted rate increases, and 12 had no change, the BLS reports. Rates in 49 states and D.C. have decreased Y/Y, while only New York has suffered an increase. Nevada's unemployment rate is 12%, followed by Rhode Island (11.1%) and California (11%); North Dakota's rate is lowest at 3%. [View news story]
At least 26 Fortune 500 companies including GE and Duke Energy paid no U.S. federal income taxes during 2008-11, in part because of the break for accelerated depreciation, according to Citizens for Tax Justice. “These big, profitable corporations are continuing to shift their tax burden onto average Americans,” says the group's director. “This isn’t fair to the rest of us." [View news story]
Despite efforts to manage the controversy, concerns about so-called “pink slime” in the nation’s beef supply are influencing decisions about what people buy and eat. In a poll recently conducted by Harris Interactive, 22% of respondents said they’ve either decreased and/or stopped altogether their consumption of ground beef in restaurants, and 25% said they’ve either decreased and/or stopped altogether their purchases from grocery stores. [View news story]