New orders for manufactured goods in April, down three of the last four months, decreased $2.9 billion or 0.6 percent to $466.0 billion, the U.S. Census Bureau reported today. This followed a 2.1 percent March decrease. Excluding transportation, new orders decreased 1.1 percent. http://www.census.gov/manufacturing/m3/prel/pdf/s-i-o.pdf OK, let’s get all excited, before we remember that this is seasonally adjusted nonsense that makes…
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From Graduate School to Welfare
by Newswires • • 0 Comments
…[T]he percentage of graduate-degree holders who receive food stamps or some other aid more than doubled between 2007 and 2010. During that three-year period, the number of people with master’s degrees who received food stamps and other aid climbed from 101,682 to 293,029, and the number of people with Ph.D.’s who received assistance rose from…
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It Makes You Wonder
by Bears Chat at The Wall Street Examiner • • 0 Comments
In “Burger Flippers, Babysitting Grandmas Show Recession Lives On,” Bloomberg details where things stand for the average American.
Americans flipped more burgers, rented more homes, used less-expensive heating fuel and asked for more government hel…
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Why the US Dollar "Works" …..
by Bears Chat at The Wall Street Examiner • • 0 Comments
The demise of the dollar as the grease of global trade would trigger global depression, political instability and the end of the Status Quo everywhere. No wonder it’s still around.
The basic dynamic is this:
1. Technology and other efficiencies l…
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Retail Sales: The "Real" Story
by dshort.com - Financial Life Cycle Planning • • 0 Comments
May 13, 2011
I delayed my commentary on the latest Retail Sales Report until today because my focus is on “real” (inflation-adjusted) and population-adjusted retail sales data. Now that we have the April CPI report, let’s analyze the numbers.
Re…
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Could declining home values spark a Taxpayer Rebellion?
by a Wall Street Examiner • • 0 Comments
You might think property taxes have declined 30%, paralleling declines in housing values. But nope–property tax revenues have shot up 27% just since 2006.
Something remarkable happened to property taxes in the U.S. while housing lost 31% of its v…
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A Stake Through The Heart
by Lee Adler •
Well, I guess I nailed that one… Heh heh. Sort of, anyway. Here’s what I wrote in last night’s Professional Edition Housing Update-
QuoteTomorrow’s Commerce Department new home sales data should be very weak. According to Econoday and Briefing.com…