Economic BBS

    • US consumer spending falls unexpectedly in August
      U.S. consumer spending unexpectedly fell in August for the first time in seven months while inflation showed signs of accelerating, mixed signals that could keep the Federal Reserve cautious about raising interest rates.

      The Commerce Department said on Friday that consumer spending, which accounts for more than two-thirds of U.S. economic activity, fell 0.1 percent last month after accounting for inflation.

      Analysts polled by Reuters had expected a 0.1 percent gain.

      Yields on U.S. government debt fell after the data and the dollar <.DXY> weakened against a basket of currencies, signaling investor doubts about the prospect of a near-term Fed rate increase. U.S. stock futures trimmed gains.

      [continued]
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    • > 09/30/2016 08:22 AM : .
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    • Terrifying signs of a looming New York housing crisis
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      Wow, I feel the complete opposite.

      Cities like NYC & London have extensive mass transit grids, so you don't need to own a car, and traffic is irrelevant.

      For me, getting from point A to B is so insane in 99.9% of the world, EXCEPT in cities like NYC & London.
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    • > 09/21/2016 05:44 PM : .
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    • American Household Incomes Surged 5.2% in 2015
      Incomes in the U.S. surged in 2015, delivering the first increase for family households in eight years.

      The median annual household income -- the level at which half are above and half are below -- rose 5.2% from a year earlier, or $2,800, after adjusting for inflation, to $56,500, the Census Bureau said Tuesday.

      The boost leaves household incomes around 1.6% below the 2007 level, before the last recession began.

      http://www.foxbusiness.com/features/2016/09/13/u-s-household-incomes-surged-5-2-in-2015-first-gain-since-2007.html
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    • 1 in 6 Working Age American Males Has No Job Under Obama
      [quote]..[/quote]

      Do you have reading comprehension skills?

      I'm saying that unless you have an inside getting a decent well paying job is difficult.

      Not everyone is the 1%, and it is a very degrading process to be rejected using algorithms.
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    • > 09/07/2016 10:18 AM : .
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    • Fed policymakers defend role of private bankers at central bank
      Fed policymakers defend role of private bankers at central bank

      3:23 pm -- WASHINGTON, Sept 6 (Reuters) - Two Federal Reserve policymakers plan to warn U.S. lawmakers against changing the Fed's structure to reduce the role of private bankers at the U.S. central bank, according to statements seen by Reuters.

      Some Democrats, including the campaign of Democratic presidential candidate Hillary Clinton, have advocated for removing private bankers from the boards of regional Federal Reserve banks.

      But Fed officials say private bankers offer insights on the nation's economy and a check on central authority in Washington.

      [continued]
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    • > 09/06/2016 02:27 PM : .
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    • Sweet Jeebus the Dow just keeps rolling... another NEW RECORD today. 18,562 !!!
      The stock market is a massive Ponzi scheme. There was a time when the stock market was based on reality, but that time is gone. The stock gains have come from government cash injections, low rates, and CEO's buying their own companies stocks back using company money to boost share prices and their own personal net worth.

      http://finance.yahoo.com/news/analyst-two-charts-show-markets-174216698.html;_ylt=AwrSbmGqroVX1RYAIrJLBQx.;_ylu=X3oDMTEzNjNwN3JmBGNvbG8DZ3ExBHBvcwMxMQR2dGlkA0IyMzg3XzEEc2VjA3Ny

      http://www.azcentral.com/story/money/business/2015/11/01/why-stock-buybacks-not-always-good-investors/74657268/

      The economy collapsed in 2008 and the government bailed out the bankers instead of arresting them. Nothing has been fixed.

      [continued]
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    • Donald Trump says U.S. interest rates must change
      Republican presidential nominee Donald Trump, who has previously accused the Federal Reserve of keeping interest rates low to help President Barack Obama, said on Monday that the U.S. central bank has created a "false economy" and that interest rates should change.

      "They're keeping the rates down so that everything else doesn't go down," Trump said in response to a reporter's request to address a potential rate hike by the Federal Reserve in September. "We have a very false economy," he said.

      "At some point the rates are going to have to change," Trump, who was campaigning in Ohio on Monday, added. "The only thing that is strong is the artificial stock market," he said.

      Fed Chair Janet Yellen said last month that the U.S. central bank was getting closer to raising interest rates, possibly as early as September, saying that the Fed sees the economy as close to meeting its goals of maximum employment and stable prices.

      [continued]
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    • > 09/05/2016 03:13 PM : .
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    • Attn: American farmers.... like American factory workers, you are no longer needed.
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      [quote]..[/quote]

      You utter buffoon. You really have no life or dignity left, do you? Every last post that you make here is just you vomiting up the most bitter hatred and soulless stupidity. It's like a surgeon removed most of your brain, and left only the bits that let you remember you're a bigot, and remember how to type.

      Normally, I'm not a cruel man, but have you considered suicide? You'd be doing the world a favor.
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    • 'Army of Men' Out of Work in the USA
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      I lived at the Grand Canyon for 2 years and all those hotels and restaurants ship in foreigners to work for lower wages...I mean hundreds of them. Sad because you know they could afford to pay Americans for the same job at a slightly higher wage.
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    • > 09/02/2016 11:17 PM : .
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    • Secretary of Labor Thomas Perez: America Is Approaching Full Employment
      As another month passes, the great schism inside the American labor force get wider. We are referring to the unprecedented divergence between the total number of high-paying manufacturing jobs, and minimum-wage food service and drinking places jobs, aka waiters and bartenders. In August, according to the BLS, while the number of people employed by "food services and drinking places" rose by another 34,000, the US workforce lost another 14,000 manufacturing workers.

      Since 2014, the US had added 523,000 waiters and bartenders, and has lost 13,000 manufacturing workers.

      While we would be the first to congratulate the new American waiter and bartender class, something does not smell quite right. On one hand, there has been a spike in recent restaurant bankruptcies or mass closures (Logan's, Fox and Hound, Bob Evans), which has failed to reflect in the government report. However, what we find more suspect, is that according to the BLS' seasonally adjusted "data", starting in March of 2010 and continuing through August of 2016, there has been just one month in which restaurant workers lost jobs, and alternatively, jobs for waiters and bartenders have increased in 77 out of the past 78 months.

      We are curious what this "data" series will look like after it is revised by the BLS shortly after the NBER declares the official start of the next recession.
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    • > 09/02/2016 10:24 PM : KLR
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    • FITCH AFFIRMS GREECE AT 'CCC'
      FITCH - ISSUE RATINGS ON GREECE'S "KEY CHALLENGE FOR GREEK BANKING SECTOR IS TACKLING NON-PERFORMING EXPOSURES WHICH REMAIN EXTREMELY HIGH AT ABOVE 45% OF GROSS LOANS" LONG-TERM SENIOR UNSECURED BONDS HAVE ALSO BEEN AFFIRMED AT 'CCC'
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    • WHAT TIME IT IS?
      Looks like renters will finally catch a break. Must be hell to have purchased in 2007 and have gained no equity.

      http://www.zerohedge.com/news/2016-08-24/demographic-homemageddon-underway-will-last-until-least-2035

      Home prices are at or near '07/'08 bubble peaks meaning any new investments require far more cash down to achieve a positive cash flow

      Mortgage rates can effectively go no lower and a marginal increase is probable (unless the Fed reinitiates QE and implements NIRP)

      [continued]
    • HOUSE.
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    • > 08/24/2016 05:51 PM : HOUSE.
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    • McKayla just entered the stage of Good Morning America
      The jews are making her get collagen injections to give her nigress-like lips and butt implants so she will be more desirable to nigs. The jew is turning her into a coalburner. I bet twenty bux she will be pictured with some nigger [c]rapper's arms wrapped round her in the next few months.
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    • US 'Debt Held By Public' Up 122% Under Obama
      [quote]..[/quote]

      dude, both sides are fucking us. you go back to day care now. you only know how to point, that's it. nothing else. feel proud. you are a fucking moron and so are almost every american today.
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    • Donald Trump vows 'to make America grow again' in speech on economy
      Blasting Hillary Clinton as a "candidate of the past," Republican presidential nominee Donald Trump laid out his vision for the economy during a speech in Detroit Monday that was repeatedly interrupted by protesters.

      "All Hillary Clinton has to offer is more of the same - more taxes, more regulations," Trump said at the Detroit Economic Club as he touted proposals aimed and simplifying and reducing taxes.

      The GOP nominee proposed reducing the number of income tax brackets from seven to three and to "dramatically streamline the process."

      "We will make America grow again," Trump said.

      [continued]
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    • > 08/08/2016 12:28 PM : .
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