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Economy - Economics USA
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Jobless Claims Jump to 457,000, Miss Expectations
• ZeroHedge.comThe prior week's 434K was revised to 437K, continuing the statistically improbable streak by the Ministry of Truth. Otherwise, the current number, which will also be revised higher next week, came at 457K, 15K worse than expectations of 442K.
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The tunnel people of Las Vegas: How 1,000 live in flooded labyrinth
• dailymail.co.uk/news/But astonishingly, the 200 miles of flood tunnels are also home to 1,000 people who eke out a living in the strip’s dark underbelly.
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Freddie Mac Q3 net loss $4.1 billion, taps Treasury
• ReutersFreddie Mac, the second-largest provider of U.S. residential mortgage funding, on Wednesday said a faltering housing market resulted in a $4.1 billion third-quarter net loss and another draw from the Treasury to maintain positive net worth. Freddi
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QE 2 has officially began. $600 Billion worth of Treasury paper to be purchased
• Business InsiderQE Begins!! $600 billion will be printed to purchase Treasuries by Q2 2011. That's a bit more than the latest expectations.
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M. Whitney: Multiple Municipal Defaults to Trigger Indiscriminate Selling
• EconomicPolicyJournal.comTransfers have made states dependent on federal assistance. New York, for example, spent in excess of 250% of its tax receipts over the last decade. The largest 15 states by GDP spent on average over 220% of their tax receipts.
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A Superpower in Decline Is the American Dream Over?
• der SpiegelAmerica has long been a country of limitless possibility. But the dream has now become a nightmare for many. The US is now realizing just how fragile its success has become -- and how bitter its reality. Should the superpower not find a way out of cr
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Economy - Economics USA
Host:
Ernest Hancock
Author of: Money: Defending Your Prosperity. / Redflex / Marc Stevens-Author
Program Date:Hour 1-Kirk MacKenzie-Author of: Money: Defending Your Prosperity. Hour 2-Dan Gutenkauf-is a legal researcher and political activist in many areas, especially in the area of computer election fraud since 1996. Hour 3-Marc Stevens-Author
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Fed Easing May Mean 20% Dollar Drop: Bill Gross
• ReutersThe dollar is in danger of losing 20 percent of its value over the next few years if the Federal Reserve continues unconventional monetary easing, Bill Gross, the manager of the world's largest mutual fund, said on Monday.
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Inside Job Trailer 2010
• YouTube.comFrom Sony Pictures Classics comes the new shocking documentary "Inside Job" which investigates and exposes the economic crisis of 2008. The film, in theaters October 8th, was directed by Charles Ferguson and narrated by Matt Damon.
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On The Reality Of Depressions; Bernanke's Folly
• Market-ticker.denninger.org/We are in a perilous time. Indeed, the policies of our government - to borrow and spend, larding up the interest costs down the road and protecting those who are bankrupt, simply means that cost pressures - and margin collapse - will accelerate...
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Calif. rail project is high-speed pork
• Washington PostSomehow, it's become fashionable to think that high-speed trains connecting major cities will help "save the planet." They won't. They're a perfect example of wasteful spending masquerading as a respectable social cause. They would further burden alr
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Time for a New Theory of Money With Ellen Brown
• arcleins in the 17th century, however, the scheme has run into trouble when more than one investor group has tried to foreclose at the same time. And the securitization model has now crashed against the hard rock of hundreds of years of state real est
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Office, Mall and Lodging Investment Continues Crash in 3rd Quarter
• CalculatedRiskBlog.comInvestments in offices and malls as a percentage of GDP fell to a 51 year low in the 3rd quarter of 2010.
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Indiana Braces For Violence: Armed Guards To Unemployment Offices
• ZeroHedge.comThe official explanation if a benign one: "Armed security guards will be on hand at 36 unemployment offices around Indiana in what state officials said is a step to improve safety and make branch security more consistent."
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Pontiac, maker of muscle cars, ends after 84 years
• finance.yahoo.com/news/Pontiac, whose muscle cars drag-raced down boulevards, parked at drive-ins and roared across movie screens, went out of business on Sunday.
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Drought Has Lake Mead at Lowest Level in 73 Years
• AZcentral.comWater levels have dropped 133 feet. Islands have emerged and grown. Rocky outcroppings push through the surface, creating watery obstacle courses whose paths shift almost daily.
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Shipping Glut Is Bad: Ships Are Now Sailing Slower Than In 19th Century
• Businessinsider.com/The way this works is that the slower a ship sails, the fewer times it can make a round trip per year. Thus purposely sailing slowly reduces the effective supply of ships. It's a response to insufficient shipping demand relative to the size...
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Washington Post: Obama Should Bomb Iran To Rescue The Economy
• RawStory.comThe president, who is "much smarter" and "more inspirational" than any of his opponents, could benefit from a confrontation with Iran because it would strike up a war machine that would pull the US out of economic stagnation, Broder argues.
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Chart of The Day: Residential Investment As A Percentage of GDP
• CalculatedRiskBlog.comIt is interesting to note that RI as a percent of GDP has declined to a post war low of 2.22%. Some people have asked how could a sector that only accounts for 2.2% of GDP be so important? (The lowest level of investment in 63 years.)
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17 Million College-Educated Americans Are Stuck In Menial Jobs
• Businessinsider.com/There's a good chance that the server pouring your coffee and the parking attendant valeting your car has a bachelor's degree, or even a doctoral degree.
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Debt Grows Exponentially, While the Economy Only Grows In An S-Curve
• washingtonsblog.com/Mesopotamian economic thought c. 2000 BC rested on a more realistic mathematical foundation than does today’s orthodoxy. At least the Babylonians appear to have recognized that over time the debt overhead became more and more...
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U.S. on track for "fiscal train wreck": Roubini
• ReutersThe U.S. economy is a "fiscal train wreck" waiting to happen that risks ushering in a period of stagnation featuring by minimal growth, high unemployment and deflationary pressure, U.S. economist Nouriel Roubini wrote on Friday.
Radio/TV •
Economy - Economics USA
Host:
Ernest Hancock
National Real Estate and Mortgage Expert / DelValley Silver / Bloomfield Press and gunlaws.com
Program Date:Stuart Vener - National Real Estate and Mortgage Expert and President of Wilshire Holding Group discussing: Bank of America Freezes Foreclosures / Karen Emery - President of DelValley Silver / Alan Korwin - owns and operates Bloomfield Press and gunl
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Bank of America foreclosure-sale freeze may hamper Phoenix area housing market
• www.azcentral.comA temporary foreclosure-sale freeze announced by Bank of America 12 days ago gives most distressed homeowners little hope of avoiding a foreclosure but raises a host of new concerns among housing analysts.
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Stores Push Black Friday Into October: Can You Say Depression?
• CNBC.comThe year’s most popular discount shopping event, referring to the Friday after Thanksgiving, is arriving ahead of Halloween this year, with some promotions beginning this week and others throughout November.
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No Mr. President, Larry Summers Did Not Resolve the Financial Crisis for a Pittance, He Just Papered
• William K. Black, Huffingtonpost.comI passed up the obvious title: "Heckuva Job Larry!" That was the moment of President Obama's appearance on The Daily Show with Jon Stewart that set all Americans cringing. Yes, he really said that Summers "did a heckuva job." The candidate that
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Trigger Points, Black Swans, And Other Unpleasant Realities
• neithercorp.us/npressHow many bailouts does it take to get to the center of a hyperinflationary collapse? Three? Or maybe just one continuous undefined fiat injection…
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Insider Selling Volume at Highest Level Ever Tracked
• CNBC.comThe overwhelming volume of sell transactions relative to buy transactions by company insiders over the last six months in key leading sectors of the market is the worst Alan Newman, has ever seen since he began tracking the data.
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Lindsey Williams Reveals Plan to Bring America to 3rd World Status
• InfoWars.com/ & Youtube.comLast week Mr. Williams provided additional details on the global elite agenda to destroy the U.S. economy and usher America into the bondage of serfdom.
