A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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BloombergUK Inflation Slowed More Than Economists Forecast in AprilBusinessWeekBy Jennifer Ryan on May 22, 2012 UK inflation slowed more than economists forecast in April, cooling to a level that relieves Bank of England Governor Mervyn King from the t...
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TheChronicleHerald.caEuro Crisis: Why A Greek Exit Could Be Much Worse Than ExpectedTIMEAt the Camp David G8 meeting last weekend, lip service was paid to keeping Greece in the euro zone. But economists who watch the continuing financial crisis in Euro...
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NewsdayJobs Outlook in U.S. Improves for 2012, Economists SayBloombergEmployment will improve more this year than economists previously estimated, helping the world's largest economy to keep growing, a private survey showed. Payrolls will rise 1880...
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Euro area bonds to be discussed at informal EU summit-officialsReutersThe rapid deterioration in the euro zone debt crisis over the past month, with Greece's potential exit from the 17-country currency bloc no longer taboo, has brought the idea bac...
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Philadelphia Fed Manufacturing Index Decreased to -5.8 in MayBloombergThe Federal Reserve Bank of Philadelphia's general economic index decreased to minus 5.8 in May from 8.5. Economists forecast the gauge would rise to 10, according to the median ...
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Economists warned that the Greek financial system could crumble within weeks or days unless the European Central Bank steps up support. President Karolos Papoulias told party leaders that banks had lost €700m in withdrawals on Monday alone as citizens rush to pre-empt capital controls and a much-feared return to the Drachma. He cited central...
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As individuals bail out of U.S. stocks at the fastest rate in three decades, professional speculators have cut bearish bets by the most since 2008. Money managers are net short 19,375 contracts on the Standard & Poor’s 500 Index, down 82 percent from a four-year high in September even after the figure jumped from...
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May 14 (Reuters) – …while it may have become commonplace to discuss a Greek exit (or Grexit as many economists call it), the practicalities and implications of it are far more complicated and daunting than many outside observers acknowledge. It’s not even clear Greece can leave the common currency. The EU’s Lisbon Treaty doesn’t...
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The euro currency is a malady that condemns at least a generation of Greeks, Italians, Spaniards, Portuguese and Irish to the economic infirmary. In these nations, unemployment rates are now at their highest levels in recent decades, and there are few prospects for recovery in sight. The economists and politicians who created the system...
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Tags: April jobs report, file for unemployment, jobs news, jobs report April 2012, jobs report May 2011, jobs report schedule, jobs report tomorrow, labor department jobs report
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Disappointing, but not shocking. The government’s report Friday that the economy created fewer jobs than expected in April—115,000—showed an unwelcome deceleration of America’s job-creating machine. Economists surveyed by Bloomberg News had a median forecast of 160,000 jobs created. In the big picture, though, the nearly 3-year-old expansion is proceeding at the same pace as...
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The United States had another month of disappointing job growth in April, the Labor Department said Friday. The nation’s employers added 115,000 positions on net, after adding 154,000 in March. April’s job growth was less than what economists had been predicting. The unemployment rate ticked down to 8.1 percent in April, from 8.2 percent,...
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by FLOYD NORRIS What a difference one bad month – and one bad report – can make in expectations. A month ago, after three strong jobs reports, the median forecast of economists polled by Bloomberg was for a gain of 205,000 jobs in March. The low estimate was for 175,000 jobs, only 30,000 less....
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TIMEAP survey: Steady job gains to sustain US recoverySTLtoday.comAP survey: Steady job gains to sustain US recovery AP | Posted: Thursday, May 3, 2012 2:34 am | ( Loading… ) comments. FILE - In a Friday, April 20, 2012 file photo, Tom Holloway looks...
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The GuardianECB May Soften Stance as Draghi's Recovery FaltersBusinessWeekBy Jeff Black and Jana Randow on May 02, 2012 Since the European Central Bank President predicted an economic recovery at the start of the year, data have increasingly pointe...
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Telegraph.co.ukComparing monthly US job gains in the ADP and government reports, at a glanceWashington PostA survey of private companies by payroll provider ADP on Wednesday signaled a slowdown in hiring two days before the government issues the April ...
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Globe and MailUS factory orders declineMarketWatchBy Jeffry Bartash WASHINGTON (MarketWatch) - Orders for goods produced in US factories dropped 1.5% in March, the biggest decline in three years, the Commerce Department reported Wednesday. Economists s...
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PublicServiceEurope.comEurope's next recession risk: GermanyCNNMoneyBy Ben Rooney @CNNMoneyInvest May 2, 2012: 5:12 AM ET Germany is the largest economy in the euro area and the fourth largest worldwide. Economists say it might be headed for recess...
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Nervousness ahead of US jobs report (via AFP) Trepidation foreshadows the release of key US jobs figures on Friday, a report that will mold perceptions about the path of the economy and the race for the White House. The Labor Department will publish jobs data for April, which economists expect to show unemployment stuck...
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While the media was touting a miss on consensus expectations, and Bloomberg posted an outright lie on Twitter, the actual unadjusted data did show a big improvement over the year ago performance.
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Durable Goods Orders in U.S. Slump 4%, Most in Three Years
By Timothy R. Homan - Feb 28, 2012 8:36 AM ET
Orders for U.S. durable goods fell in January by the most in three years, led by a slowdown in demand for commercial aircraft and business equip...
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Banks to gulp half a trillion euros from ECB
Reuters – 3 hours ago.. .
By Jonathan Cable and Yati Himatsingka
LONDON (Reuters) - The European Central Bank will lend nearly half a trillion euros to banks at rock-bottom rates next week through its thr...
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The economy will expand if you believe it is expanding--because you'll be "animal spirited" into buying a lot of stuff on credit that you can't afford.
It all boils down to perception--that's the insight at the heart of the Grand Game of Percept...
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The mainstream media proclaimed an unexpected “beat” of the first time unemployment claims number today. The fake, seasonally fudged number dropped to 358,000 in the week ended February 4. According to Bloomberg, the consensus of economists’ expectations was for 370,000. Aside from the fact that whether economists get a forecast right or not seems...
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The U.S. economy is in effect a counterfeit economy, living on money created from thin air that is unbacked by an equivalent productive expansion of surplus value.
Yesterday we looked at counterfeiting and money printing and discovered they are on...
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The Congregational Budget Office (CBO) is out with its annual report. It’s a blockbuster. This 165 page monster is filled with dozens of charts, graphs and detailed projections. It will be talked about for weeks. The report provides a dismal outloo...
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At one point or another, all the big name politicians have indicated they would support changing the minimum Early Eligibility Age (EEA) rules for Social Security. Obama has said it, so has Boehner. Even guys who love Social Security, like Sen. Harry R...
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SPX Update: A Discussion on QE3 and the Market’s Potential for Disappointment
Since "to QE3 or not to QE3" is once again the big question on investors minds, I'm going to share my thoughts on this before we get to the charts. The Federal Reserve Board meets next week, and as has become somethi...
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