Tag Archive for Bls

Obama’s Internal Devaluation Causes Income Inequality- Chriss Street

The Obama Administration’s $5.8 trillion of big government deficit spending has caused the United States to suffer an “internal devaluation,” as American worker wages after inflation were forced down in each of the last five years. American competitiveness increased by over 10% due to worker sacrifices, but all the benefits flowed directly to corporate officers and financial speculators. When the President recently lamented, “The combined trends of increased inequality and decreasing mobility pose a fundamental threat to the American dream,” he could count on the unwavering support from Warren Buffett, who was the last year’s biggest dollar gainer with a $12.5 billion jackpot.

CEO Pay Now $7,000 an Hour – 350 Times the Average Worker’s – Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. While most Americans may feel overworked and underpaid, the steady climb of CEO pay has ensured that chief executives most assuredly are neither. According to data compiled by the AFL-CIO, the average CEO pay at 327 of the…

Is this Growing Trend About to Fuel a 5-Year Stock Market Rally? – Money Morning

A rising tide of capital expenditure (capex) spending by U.S. companies will drive a stock market rally that could last as long as five years, BMO Capital Markets Chief Investment Strategist Brian Belski says.

In a message delivered to several news outlets, Belski argued that U.S. companies will soon start using their increasing cash piles to invest in their own businesses. He sees it as the next logical progression for companies with strong balance sheets.

Of the four ways a company can spend cash, he said, three have already been widely employed.

“What typically happens is you have a surge of [stock] buybacks, which has occurred. You have a surge of dividends, which has occurred,” Belski told Bloomberg News. He also noted the wave of recent mergers and acquisitions.

Capex is the fourth way, and Belski not only thinks it’s inevitable, he says the corporate growth that will result will power a stock market rally that will last “at least three to five years” and could well be the beginning of a “super bull market” that could go on for as long as 15 to 18 years.

“We think this train has a very long tail,” Belski told Breakout.

To continue reading, please click here…

Why the January 2013 U.S. Jobs Report May Surprise You – Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. The U.S. employment picture is expected to show continued signs of improvement when the Labor Department releases January’s U.S. jobs report Friday morning. Projections are for nonfarm payrolls to have gained 168,000 employees during the first month of…

Weakening Federal Withholding Tax Collections Do Not Bode Well For Employment

This report is an excerpt from the permanent Employment Chart page.  The edge that Federal Withholding Tax collections had held over last year continued to narrow last week, suggesting a weakening employment picture in May. The chart below compares current withholding tax collections with last year on the same date. This year collections have been…

Unemployment Claims Data and Economists’ Exploding Brain Syndrome

With the mainstream media reporting the seasonally adjusted first time unemployment claims down by 6,000 it’s time for a reminder that this number is fake, and may or may not give an accurate representation of the trend. If it does, it’s purely a coincidence. Economists and financial journos are in love with the seasonally manipulated…