Economic BBS

    • Renters Now Rule Half of U.S. Cities
      Its simple, nigers can't come up with a down payment and democratic cities like San Fransisco have priced themselves out of reach to most everybody.
    • .
    • 1
    • 258
    • > 03/23/2017 12:45 PM : .
  • x
  • .
    • $20 trillion US debt deserves as much attention as Dow hitting 20,000
      The media and Wall Street got all excited when the Dow Jones industrial average hit 20,000 earlier this year - and justifiably so.

      But why not give the same sort of attention to the US federal debt, which will slip past $20 trillion later this year or in early 2018.

      The symmetry of these two numbers is just too precious to ignore.

      As of Monday afternoon, the US debt, according to usdebtclock.org, stood at $19.849 trillion - and was rising at the rate of $13,404,542 an hour.

      [continued]
    • .
    • 0
    • 196
    • > 03/21/2017 07:44 AM : .
  • x
  • .
    • Fed Raises Benchmark Rate as Inflation Approaches 2% Target
      The Federal Reserve raised its benchmark lending rate a quarter point and continued to project two more increases this year, signaling more vigilance as inflation approaches its target.

      "In view of realized and expected labor market conditions and inflation, the committee decided to raise the target range for the federal funds rate," the Federal Open Market Committee said in its statement Wednesday. "Near-term risks to the economic outlook appear roughly balanced."

      Investors had almost fully expected the increase to a range of 0.75 percent to 1 percent following unusually clear signals from policy makers including Chair Janet Yellen, who is holding a press conference at 2:30 p.m. in Washington.

      The U.S. economy has mostly met the central bank's goals of full employment and stable prices, and may get further support if President Donald Trump delivers promised fiscal stimulus.

      [continued]
    • .
    • 0
    • 169
    • > 03/15/2017 01:16 PM : .
  • x
  • .
    • Economy taking off finally!!
      COL is also skyrocketing. A decent loaf of bread is $5 here (not that toxic white shit, even a name brand of that is 3)
    • .
    • 4
    • 151
    • > 03/10/2017 08:51 AM : .
  • x
  • .
    • US trade deficit jumps to 5-year high of $48.5 billion
      The U.S. trade deficit jumped in January to the highest level in nearly five years as a flood of mobile phones and other consumer products widened America's trade gap with China. The figure underscores the challenges facing President Donald Trump in fulfilling a campaign pledge to reduce America's trade deficits.

      The Commerce Department says the deficit in January rose 9.6 percent to $48.5 billion, up from a December deficit of $44.3 billion. It was the largest monthly gap since a deficit of $50.2 billion in March 2012.

      http://www.cnbc.com/2017/03/07/us-trade-deficit-jumps-to-5-year-high-of-485-billion.html
    • .
    • 0
    • 91
    • > 03/09/2017 03:54 AM : .
  • x
  • .
    • AT&T will bring 3,000 outsourced jobs back to U.S.
      AT&T has agreed to bring 3,000 outsourced jobs home to the U.S.

      The union that represents AT&T workers, the Communications Workers of America, said Thursday that it's reached a tentative agreement with AT&T Southwest -- a regional landline arm of the company -- that includes a commitment to hire American workers to do jobs that were previously done by contractors overseas.

      The four-year deal also covers wage hikes, paid parental leave, healthcare and benefits for 20,000 AT&T Southwest workers across five southern states. The exact terms of the deal still need to be approved by a union members vote.

      AT&T praised the deal in a statement Thursday. "It maintains one of the most robust health care plans in the nation," the company said. "The agreement also includes two weeks of paid parental leave to help mothers or fathers bond with a newborn or newly adopted child."

      [continued]
    • .
    • 0
    • 202
    • > 03/05/2017 06:11 AM : .
  • x
  • .
    • Janet Yellen puts a rate hike on the table for this month
      Fed Chair Janet Yellen dropped a strong hint Friday that an interest rate hike is on the way later this month.

      While leaving just enough wiggle room in case conditions should change, the central bank leader said economic improvements of late will be a big part of the discussion at the March 14-15 Federal Open Market Committee meeting.

      "We currently judge that it will be appropriate to gradually increase the federal funds rate if the economic data continue to come in about as we expect," Yellen said at a speech in Chicago, according to prepared remarks.

      "Indeed, at our meeting later this month, the committee will evaluate whether employment and inflation are continuing to evolve in line with our expectations, in which case a further adjustment of the federal funds rate would likely be appropriate," she added.

      [continued]
    • .
    • 0
    • 166
    • > 03/03/2017 01:07 PM : .
  • x
  • .
    • US consumer confidence soars to a 15-year high
      Every news from the US that doesnt'seem to be political seems to be good.

      Meanwhile democrats are still shouting that Trump is ruining their country while all the polls, even the nonpolitical ones, suggest otherwise
    • .
    • 1
    • 467
    • > 02/28/2017 10:36 AM : kek.
  • x
  • .
    • Donald Trump: House GOP's plan for border tax could create more jobs
      [quote]..[/quote]

      Aren't you confusing the wall with a border tax?

      The idea is that it should be more interesting to produce in the US rather then Mexico, China or other countries for companies if they want to keep selling in America

      And trust me they do because America is a big economy and companies will start producing in the US to sell goods and services in the US

      [continued]
    • .
    • 2
    • 308
    • > 02/24/2017 03:17 AM : kek.
  • x
  • .
    • WHY HEMP IS HATED
    • 3
    • 127
    • > 02/22/2017 12:16 AM : .
  • x
  • WHY HEMP IS HATED
    • Report: Trump admin weighing change to calculating US trade deficit
      As President Donald Trump looks to promote his economic policies, his administration is looking into new ways to calculate U.S. trade deficits, according to The Wall Street Journal.

      People involved in the discussions told the Journal that one methodology being tested would exclude re-exports - goods that are first imported into the U.S. and then exported unchanged to a third country. The net effect could make the trade gap appear larger, according to economists, because such goods would be counted when imported but not when exported.

      "As a statistician, you generally want symmetry," Steve Landefeld, a former director of the Commerce Department's Bureau of Economic Affairs, told the newspaper.

      http://www.cnbc.com/2017/02/19/trump-administration-weighs-changes-to-calculate-us-trade-deficits.html
    • .
    • 0
    • 207
    • > 02/19/2017 02:43 PM : .
  • x
  • .
    • Donald Trump pledges to protect U.S. jobs during visit to Boeing plant
      President Donald Trump promised to boost U.S. manufacturing and punish companies for moving jobs overseas during a visit on Friday to a South Carolina Boeing Co (BA.N) plant to celebrate the unveiling of its latest Dreamliner jet.

      The Republican president, who previously feuded with the plane maker over projected costs for the next version of Air Force One, gave a ringing endorsement to the company on Friday and used the event to highlight his pitch to boost homegrown job growth.

      "I'm going to do everything I can to unleash the power of the American spirit and to put our great people back to work," Trump told a crowd of workers at the plant, with the presidential aircraft and the new Boeing jet behind him.

      "This is our mantra: buy American, and hire American."

      [continued]
    • .
    • 0
    • 180
    • > 02/17/2017 04:12 PM : .
  • x
  • .
    • FACT: That LITTLE CHIMP left U.S. with 20-TRILLION DOLLAR DEFICIT, a weak ECONOM, and FLOODED U.S. MUSLIM TERRORISTS & MEXICANS!
      Trump is a bitch to say he inherited a bad situation

      . Deplorable F*ck-up

      Posted 02/17/2017 01:11 AM - Hide The Chimp left Obama $10.2 TRILLION in wealth that evaporated between week 3 of September 2008 and week 4 of October 2008, 2 failed wars, 2.6 million US jobs lost in 2008 alone, nearly all commercial banks on the brink of failure, General Motors at the doorstep of bankruptcy, etc.

      Obama left Trump with a new failed coup of the Syrian government, a record high stock market, and deficit spending that all modern presidents except Carter and Clinton have done.
  • x
  • THE LITTLE CHIMP - OBAMA
    • Donald Trump Says Market Rally Due to Confidence in His Administration
      President Donald Trump credited high confidence and optimism in the early weeks of his administration for new stock market highs, despite his low approval ratings, and suggested markets will act even more favorably once the White House and congressional Republicans roll out a new blueprint for tax cuts in the coming weeks.

      "Stock market hits new high with longest winning streak in decades," the president tweeted on Thursday. "Great level of confidence and optimism -- even before the tax plan rollout!"

      Global equities just vaulted to their first record in 18 months Wednesday amid the longest streak of gains in the S&P 500 Index since September 2013, and futures on the Dow Jones Industrial Average were up 19 percent since their election night lows.

      On Thursday, U.S. stock-index futures were slightly down after Wall Street's seven-day winning run. S&P 500 futures expiring in March dropped 0.2 percent to 2,346.75 at 5:58 a.m. in New York.

      [continued]
    • .
    • 0
    • 92
    • > 02/16/2017 08:50 AM : .
  • x
  • .
    • US consumer prices post largest gain in nearly four years
      U.S. consumer prices recorded their biggest increase in nearly four years in January as households paid more for gasoline and other goods, suggesting inflation pressures could be picking up.

      The Labor Department said on Wednesday its Consumer Price Index jumped 0.6 percent last month after gaining 0.3 percent in December. January's increase in the CPI was the largest since February 2013.

      In the 12 months through January, the CPI increased 2.5 percent, the biggest year-on-year gain since March 2012.

      The CPI rose 2.1 percent in the year to December.

      [continued]
    • .
    • 0
    • 184
    • > 02/15/2017 09:23 AM : .
  • x
  • .
    • Who the HELL cares about CALIFORNIA's DAM PROBLEMS?
      [quote]..[/quote]

      That area is mostly white.

      They're going to get a two day break in the rain. Once the level drops a few feet, they can turn off the main spillway and patch it with steel plate. And fill in the erosion below the emergency spillway and install rocks, which should have been there in the first place.
    • WHO GIVES A DAM
    • 6
    • 154
    • > 02/13/2017 12:30 AM : .
  • x
  • WHO GIVES A DAM
    • Put U.S. FIRST
      STOP ILLEGAL ALIENS and MUSILM REFUGEES from receiving BENEFITS that they are NOT ENTITLED to RECEIVE: https://www.facebook.com/StopAllInvaders/photos/a.899449330169384.1073741828.896610653786585/1217734561674191/?type=3
  • x
  • PRESIDENT DONALD TRUMP .
    • Donald Trump: 'Phenomenal' Tax Cut Package Coming in 2-3 Weeks
      After coming under criticism from many on the right - most prominently, the Drudge Report - for seeming to move popular campaign promises like repealing ObamaCare and reining in the tax code to the back burner, this morning Trump promised a "phenomenal" tax reform package will be presented in the next two to three weeks.

      Speaking to airline executives at the White House, Trump empathized with the burdensome regulatory climate the industry is operating under, and promised to begin making reforms.

      "We want to help you realize these goals by rolling back burdensome regulations, and you people are regulated probably as much as almost anybody," Trump said. "We have a regulatory morass that's a disaster."

      He also promised a round of tax cuts.

      [continued]
    • .
    • 0
    • 168
    • > 02/09/2017 01:12 PM : .
  • x
  • .
    • Republican Steve Forbes: If Trump and Congress 'botch' tax cuts, GOP could lose House
      President Donald Trump and House Republicans need to get their promised pro-growth agenda moving, two-time GOP presidential candidate Steve Forbes told CNBC on Wednesday.

      "If they botch this thing on taxes," Republicans could lose control of the House in the 2018 midterm elections, Forbes warned, putting Trump in the tough spot of having to work with Democrats who have not been shy at showing their disdain for the president.

      "I think [Trump] realizes if this economy doesn't grow, his presidency is finished, would be seen as a failure," the chairman and editor-in-chief of Forbes Media said on "Squawk Box." "That's why I think he needs to move fast on the tax cuts, get things moving."

      Forbes said Trump has gone after the low hanging fruit of bracing companies to move manufacturing back to the U.S. and signing executive orders to get the ball rolling on reversing Obama administration regulations in energy and banking.

      [continued]
    • .
    • 0
    • 172
    • > 02/08/2017 03:51 PM : .
  • x
  • .