Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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Radio Free Wall Street
Posts Tagged ‘ Economy ’
Bernanke Talks His Book
Bernanke’s testimony to the House last week and to the Senate yesterday held no surprises. Ben has promised to maintain monetary policy at DEFCON 4 levels for as far into the future as we can see.
The prepared remarks were identical for both present...
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Our Counterfeit Economy
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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Obama Bluffs on ReFi?
. &nbs...
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“Corporate Personhood” Highlights Misunderstanding of The Role of The People vs Constitutional Government
More local control of government and the economy is good, but Constitutional government is not to blame for our ills, including Citizen's United and "corporate personhood."
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You Can’t Fool Mother Nature For Long: The Substitution of Debt for Productivity
The "big story" of the U.S. economy is that we have substituted expansion of debt for meaningful increases in productivity.
For the past 30 years, the U.S. economy has become increasingly dependent on explosive debt expansion for its "growth" rath...
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Downward Mobility is Crushing the American Dream
Forget about getting ahead. For many in the middle class these days it's more about not sliding backwards.
It's called downward mobility and it's crushing the American Dream.
According to a study conducted by the Pew Charitable Trusts, nearly one out of three U.S. citizens born into middle class...
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The Myth of U.S. Consumer De-Leveraging
The supposed “de-leveraging” which the mainstream media boasted of was nothing but propaganda mythology. However, the new consumer debt which Americans have piled on since the beginning of 2010 is very, very real. And all the resulting U.S. auto-loan defaults, credit-card defaults, student-loan defaults, personal bankruptcies, and foreclosures in the months ahead will be...
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Making It In America
Making It in America
In the past decade, the flow of goods emerging from U.S. factories has risen by about a third. Factory employment has fallen by roughly the same fraction. The story of Standard Motor Products, a 92-year-old, family-run ...
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Wall Street banks curb economic growth forecasts
Wall Street banks curb economic growth forecasts
Reuters – 5 hours ago
WASHINGTON (Reuters) - Wall Street banks lowered their outlook for U.S. economic growth due to concerns over the European debt crisis, oil prices, regulatory uncertainties and "c...
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The Great Debate About Recession Risk Rolls On
The Great Debate About Recession Risk Rolls On
By James Picerno Jan 10, 2012, 8:57 AM Author's Website
The economy appears to be on the mend, but the great debate about recession risk in 2012 is in no danger of fading. The labor market may be revivi...
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The Fed’s Sleazy Idea Of “Transparency”
Don't believe the propaganda -- whenever the Fed offers "more transparency", they are only looking to twist the knife in Main Street's back further. Their latest announcement about publishing "interest rate projections" is no different...
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Goldman’s Latest Boiler-Room Stock: America
It seems Jim O'Neill, the head of Goldman's Asset Management department, is predicting that the United States stock market may go up "15 to 20 percent." O'Neill apparently believes Ben Bernanke and the Federal Reserve will resort to another round of...
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Different Look At ISM, Bullish But Weaker Than ’09 and ’10
This is a composite of the ISM Manufacturing and Non Manufacturing New Orders indexes (not the ISM Composite). I have backed out the seasonal adjustment hocus pocus and weighted the index according to the relative weighting of manufacturing and service...
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Personal Incomes Fall More During ‘Recovery’ Than During The Recession
Personal Incomes Fall More During ‘Recovery’ Than During The Recession
The Blaze – 2 hrs 56 mins ago...
America’s longest economic recession since WWII, ended in June of 2009. The recession’s end means that our economy has allegedly been in ...
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Twisted Tuesday – Treasuries are not an Option
Twisted Tuesday - Treasuries are not an Option Courtesy of Phil of Phil's Stock World Remember Operation Twist? Last week, Freddie Mac reported record lows on rates, with the 30-year notes at 3.91%. This has not, of course, encouraged many people to go out and buy homes but it has...
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Third Quarter GDP Revised Downward Yet Again
In their third estimate of the third quarter 2011 GDP, the Bureau of Economic Analysis (BEA) revised the headline growth number downward once again to an annualized growth rate of 1.81%. This revision represents a drop in the reported growth rate o...
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America’s Infrastructure is BROKEN…Life In The Slow Lane
The Foreseeable Future
Even if the optimists are right in arguing that the U.S. economy is experiencing some sort of a rebound (that's a big "if," by the way, that I don't agree with), it doesn't take...
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American Privilege Rots an Empire From Within
A rising empire rewards people who contribute to its growth and invest in its future. The empire’s decline begins when certain members of society are over-rewarded by means of privileges, and the empire’s money is wasted on outdated endeavors. ...
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Hopeless Future for Long Term Unemployed
Nearly 7 million Americans are receiving jobless benefits under seven different state and federal programs. Around a quarter of those will fall off the rolls in January if Congress does not renew an extended benefits program that expires at year end.
...
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Between 2008 And 2010, 30 Big Corporations Spent More Lobbying Washington Than They Paid In Income Taxes
Thirty big corporations actually spent more money lobbying the federal government between 2008 and 2010 than they spent in taxes.
http://thinkprogress.org/economy/2011/12/07/383779/30-big-corporations-taxes-lobbying/
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If China’s Property Bubble Bursts….
The cooling of China’s real estate sector is good for the economy. But the government is right to be worried about the social consequences of the bubble bursting.
In October, Beijing announced that four city and provincial governments – Shangha...
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Market Correlation Data Proves Fed Inflation Paradigm Is Bunk
Correlation data between oil and the stock market suggests the Fed's inflation and recession-fighting paradigm is bunk. The Fed is wearing blinders, and looks set to run the economy into a ditch because of it.
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Don’t Blame The Millionaires
There is no reason for the media to be blaming “millionaires” for wealth inequality. Yes, they too have benefited from the lowest tax rates in history for those on top. However, there is a huge conceptual difference between the millionaires (or even billionaires) and the trillionaires.
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Steve Keen
Excellent Commentary on Equilibrium (Neo-Classical) vs. Instability (Minsky) theory, as well as the relationship between base money and credit money.
Some very interesting points, which are backed by empirical data:
Base money does not lead credit mon...
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Interpreting 2011 “Black Friday” Spending Numbers
Does the massive surge in "Black Friday" consumer spending mean what it appears? We ask and answer that question right here.
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The Battle of the Euro Bond
With only the weak-willed Angela Merkel playing the role of “Frodo” against the “Dark Lords” of Wall Street, the situation could hardly be more dire – or hopeless.
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