Mar. 1 2011 | Treasury Secretary gives his opening statement to the House Financial Services Committee on "Mortgage Finance Reform: An Examination of the Obama Administration's Report to Congress."
Tuesday, March 1, 2011
Monday, February 28, 2011
Sunday, February 27, 2011
Irish Voters Prepare to Ditch Government on Bank Crisis
Feb. 25 (Bloomberg) - Irish voters go to the polls today with anger over the collapse of the economy and the cost of rescuing banks expected to result in the biggest shift of political power in the country's history.
it is going to take bold action against the banksters to rid themselves(Irish) of their slavery. Let's hope more go the way of Iceland. I just think that the banksters will have something up their sleeve..I'm always hearing more and more of a one world currency, that's something the whole world should be fighting against.
it is going to take bold action against the banksters to rid themselves(Irish) of their slavery. Let's hope more go the way of Iceland. I just think that the banksters will have something up their sleeve..I'm always hearing more and more of a one world currency, that's something the whole world should be fighting against.
Friday, February 25, 2011
Dollar Armageddon Ahead?
Feb. 25 2011 | Why the dollar is about to crash, with Damon Vickers, Nine Points Capital Management founder, and "The Day After Dollar Crash" author.
Thursday, February 24, 2011
Jobless Claims Fall for Week of February 19th 2011
Jobless Claims Fall for Week of February 19th 2011
Less people filed for unemployment than economists expected last week. According to the U.S. Department of Labor, 391,000 individuals claimed benefits during the week of February 19th. Economists, on average expected 405,000 filings.
The unemployment measure has been volatile in past weeks, likely fluctuating due to severe winter weather throughout the country. Checking in on the 4-week average for better perspective, there appears to be a downtrend occurring, which suggests an improving job market.
Less people filed for unemployment than economists expected last week. According to the U.S. Department of Labor, 391,000 individuals claimed benefits during the week of February 19th. Economists, on average expected 405,000 filings.
The unemployment measure has been volatile in past weeks, likely fluctuating due to severe winter weather throughout the country. Checking in on the 4-week average for better perspective, there appears to be a downtrend occurring, which suggests an improving job market.
Tuesday, February 22, 2011
Richard Wolff:Greece & Ireland:Epic Fiscal Failure
Richard Wolff:Greece & Ireland:Epic Fiscal Failure
Sunday, February 20, 2011
100,000 Protest for Union Rights in Wisconsin
AlJazeeraEnglish--February 20, 2011--Budget problems are forcing state governors across the US to propose drastic measures to balance the books. In the state of Wisconsin, roughly 100,000 people turned up for a fifth straight day of protests. Public sector workers accuse the state's Republican governor of using the crisis as a reason to attack their union rights. Roger Wilkison reports.
None of these public sector employees could figure out that it was in large part the private sector manufacturing jobs that payed thier wages. As those jobs where being destroyed by the tens of millions the public sector didn't think for one minute that the financing for thier wages was being shipped out of the country. The only thing they could see was what foreign made crap was on sale at Walmart? Class War 101, divide and conquer
None of these public sector employees could figure out that it was in large part the private sector manufacturing jobs that payed thier wages. As those jobs where being destroyed by the tens of millions the public sector didn't think for one minute that the financing for thier wages was being shipped out of the country. The only thing they could see was what foreign made crap was on sale at Walmart? Class War 101, divide and conquer
Friday, February 18, 2011
Wisconsin Budget Battle
Feb. 18 2011 | Protests roll in Wisconsin, with Zac Schultz, WMTV reporter; Robert Reich, UC Berkeley; and Rep. Scott Suder, (R-WI).
Thursday, February 17, 2011
Initial Jobless Claims Higher Than Expected
410,000 people filed for unemployment benefits during the week of February 12th. That's an uptick from the prior week's 383,000 filings, which was the lowest level in 2.5 years. Economists were spot-on in their projection of the latest claim number. Analysts attribute the latest rise to winter weather, which delayed the filing and processing of many claims.
The U.S. unemployment rate stands at 9.8%.
The U.S. unemployment rate stands at 9.8%.
Wednesday, February 16, 2011
World Bank: Global Food Prices at Dangerous Levels
The World Bank says that global food prices are at dangerous levels with food prices hiking security issues.
Tuesday, February 15, 2011
Economic Data Reports: February 15th, 2010
U.S. January Import Prices are up 1.5% for the month of January. That number is up from December's revised increase of 1.2%. Inflation worries continue to be in the realm of food and energy where price rates increases are in the mid-teens. Higher energy and food costs particularly pressure consumer spending.
The February Empire State Factory Index also yielded a rise for the month of January. The index came in at 15.4, up from the prior month's 11.92. Analysts were expecting a reading of 15 even. A jump in new orders is a sign of further improvement in the economy.
Also out early this morning, retail sales which rose by 0.3% in January. A dip from February's revised 0.5% rise. The gain in January sales is attributed to higher gasoline prices. Economists on average expected a rise of 0.5% for the first month of 2011.
The February Empire State Factory Index also yielded a rise for the month of January. The index came in at 15.4, up from the prior month's 11.92. Analysts were expecting a reading of 15 even. A jump in new orders is a sign of further improvement in the economy.
Also out early this morning, retail sales which rose by 0.3% in January. A dip from February's revised 0.5% rise. The gain in January sales is attributed to higher gasoline prices. Economists on average expected a rise of 0.5% for the first month of 2011.
Monday, February 14, 2011
Worst of the Global Financial Crisis Yet to Come
Feb. 13 2011 | With inflation set to rise further, Martin Hennecke, associate director at Tyche, recommends investing in commodities such as gold and silver. He talks to CNBC's Bernard Lo and Oriel Morrison.
Sunday, February 13, 2011
Obama Takes Scalpel to Budget, Avoiding Pain
President Barack Obama's $3.5 trillion-plus budget plan will likely be ignored by resurgent Republicans intent on cutting tens of billions of dollars from the president's old budget. (Feb. 13)
Wednesday, February 9, 2011
Bernanke Opening Statement
Feb. 9 2011 | Fed Chairman Ben Bernanke takes questions on the economy and inflation.
Tuesday, February 8, 2011
End of Japan Deflationary Environment is Near
Feb. 7 2011 | Robert Parker, senior advisor at Credit Suisse, says prospects of a weaker yen and low price-to-book ratios for Japanese corporates will benefit the country's equity market this year. He tells CNBC's Martin Soong & Saijal Patel that he's forecasting positive inflation in Japan by mid-year.
Monday, February 7, 2011
Jobs, Ads and Mubaraks Pay Raise - Bloomberg TV
Bloomberg TV's Dominic Chu and Adam Johnson go under the radar to talk about the stories you may not have heard today.Jobs, Ads and Mubaraks Pay Raise - Bloomberg TV
Fractals, Fibonacci and socionomics
In the 1930s Ralph Nelson Elliott identified repeating patterns in stock market, which he termed "waves". Robert R. Prechter Jr. linked the psychological basis of waves to humans` unconscious impulse to herd and observed that social mood governs not only finance but also areas as diverse as popular culture, economic production, electoral politics and war. He has proposed a new field called socionomics - the science of history and social prediction.
Wojtek Luciejewski,
Wojtek Luciejewski,
Friday, February 4, 2011
Unemployment Falls to 9.0%, Only 36K New Jobs
The unemployment rate dropped sharply last month to 9 percent, the lowest level in nearly two years. But the economy generated only 36,000 net new jobs, the fewest in four months. (Feb. 4)
Thursday, February 3, 2011
Inflation Threat to Markets
Feb. 3 2011 |Discussing how big a threat inflation poses to the markets, with CNBC's Courtney Reagan; Peter Boockvar, Miller Tabak; Alan Valdes, DME Securities; and Peter Costa, Empire Executions.
Wednesday, February 2, 2011
ADP Report Points to Positive Job News
Payroll processor ADP reported that private companies added 187,000 jobs in January, more than economists expected. (Feb. 2)
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