IEA cuts oil demand growth forecasts for 2011, 2012
On Tuesday September 13, 2011, 6:43 am EDT
By Christopher Johnson
LONDON (Reuters) – World oil consumption will increase more slowly than expected this year and next as the pace of global conomic gr…
Bad news, stock-market bulls: Corporate insiders are selling their companies’ shares at an abnormally fast pace.
In fact, one measure of that selling activity shows insiders of NYSE- and AMEX-listed compani…
WASHINGTON (AP) — The economy expanded at meager rate of 1.3 percent annual rate in the spring after scarcely growing at all in the first three months of the year, the Commerce Department said Friday.
The combined growth for the first six month…
The U.S. economy is half way to a lost decade because demand is in decline and we’re not doing enough to revive it, according to Larry Summers writing for Reuters. It’s the lack of demand, he argues, that’s caused growth to slow to a crawl pace of 1% o…
U.S. Household Worth Increases by $943 Billion
By Bob Willis – Jun 9, 2011 5:37 PM ET .
Household wealth in the U.S. climbed by $943 billion in the first quarter of 2011 as rising share prices outstripped declines in home values.
Net worth for house…
If you listen to Ben Bernanke, Barack Obama and the mainstream media long enough, and if you didn’t know any better, you might be tempted to think that the economic crisis is long gone and that we are in the midst of a burgeoning economic recovery. …
The U.S. labor market has been looking stronger in recent months. Since jobs began to increase in early 2010, private-sector companies have added two million workers, with the overwhelming bulk of the gains coming from small businesses. So far this …
In terms of the median price, it took almost 600 ounces of gold to buy the median priced house in 2005.
Then housing collapsed, and gold rocketed from $500/oz to $1,500/oz. As a result of housing declining by 40% and gold tripling, the ratio has pl…
Back in February, in Smells like Stagflation, we noted that most companies were planning to increase prices. Yet businesses were not planning wage increases.
Today Bloomberg reported on this troubling scenario, which appears to be playing out.
The …
http://www.bloomberg.com/news/2011-04-15/china-economy-grows-more-than-
forecast-9-7-as-prices-jump.html
Excerpt:
China’s economy grew a more-than- estimated 9.7 percent in the first quarter and inflation accelerated in March to the fastest pace si…
