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Economic and and financial news and analysis

Tanker Weekly – January 7, 2013- Tainted Alpha

The fleet is growing slower in tankers than in dry bulk and the order-book is smaller in proportion to the fleet size. The difference is that the volumes are more stable then in wet cargo, so overall maybe a bit better situation than in dry bulk, but the diagnose is the same: a lot of scrapping needed to induce some recovery. Baltic Dirty…

Some Sunny Day-James Howard Kunstler

    The story behind the “fiscal cliff” melodrama and the much-memed handwringing about the “good-for-nothing congress” is probably not quite what it appears — a set of problems that will eventually be overcome by “better leadership” armed with “solutions.” The story is really about the permanent disabling of government at this scale and at…

Dana Milbank: Republican gerrymandering makes the difference in the House – The Washington Post

The final results from the November election were completed Friday, and they show that Democratic candidates for the House outpolled Republicans nationwide by nearly 1.4 million votes and more than a full percentage point — a greater margin than the preliminary figures showed in November. And that’s just the beginning of it: A new analysis…

Initial Claims Show Steady Economic Growth With A 7% Decline from Year Ago

This report is an excerpt from the permanent Employment Charts page, updated when new data becomes available.  The Labor Department reported that the seasonally adjusted (SA) representation of first time claims for unemployment rose by 10,000 to 372,000 from a revised 362,000 (was 350,000) in the advance report for the week ended December 29, 2012.…

Are Speculators All In And Will The “Deal” Make A Difference To the Market?

Lee Adler and Russ Winter argue vehemently about whether the specs are “all in” and what difference that, and the new deal on on the fiscal cliff will make for the market. They differ sharply on some things and agree on others, and leave it to you to decide who’s right and what to do about it. This is a subscriber only podcast, subscribers may click here to listen. If you are not a subscriber, click here to access the Thursday, November 29  podcast (To Play The Game, Know the Owners or Get Out) . Also check out Russ Winter’s Daily Rants available at Winter Watch. Subscribers can click the player at the bottom of this post (visible on Radio Free Wall Street main site only) to listen to today’s podcast, or use this link to download. If you are not a subscriber and would like to hear not only today’s podcast but all 8 or 9 podcasts each month, click this button to start your subscription. It takes less than a minute to complete the signup form and start listening to all Radio Free Wall Street podcasts. To learn more click here! or join and listen right now! By clicking this button, I agree to the Wall Street […]

Forecast 2013: Contraction, Contagion, and Contradiction | James Howard Kunstler

The people who like to think they are managing the world’s affairs seem fiercely determined to ignore the world’s true condition — namely, the permanent contraction of industrial economies. They just can’t grok it. Two hundred years of cheap fossil fuel programmed mankind to expect limitless goodies forever on an upward-swinging arc of techno miracles.…