Wall St higher on Greek deal
• www.reuters.comStocks rose Monday as Greece's parliament approved strict financial reforms needed to obtain its latest international bailout package.
Contents Pages by Subject
Economy - Economics USA
Oil demand and forecasts: getting it wrong again in 2012
• www.reuters.comTrying to forecast world oil demand growth is a tricky job at the best of times. This year abnormal levels of uncertainty about the global economy are making the job even more difficult.
Privately, Obama sees recovery 1-2 years off
• Washington ExaminerThe public President Obama, bubbly in his reelection campaigning about a recovering U.S. economy, isn’t as optimistic in private, telling a select few that it will likely take up to two years for any recovery to click in.
One Stat Which Shows How Little Trading Is Happening In This Market
• www.businessinsider.comIndeed a big theme over the last several days has been the lack of market range – we can't remember seeing so many moments when the S&P 500 was, like, 0.1% over where it closed the day before.
America's Sham Economic Recovery
Stephen LendmanUS Main Street depression harming millions
Misleading Employment Numbers
• arcleinOf course not. A closer look at the numbers reveals just how fraudulent these employment statistics really are. Between December 2011 and January 2012, the number of Americans "not in the labor force" increased by a whopping 1.2 million.
US trade deficit reaches six-month high
• www.ft.comThe US trade deficit increased more than expected in December on rising imports and higher oil prices, lifting the 2011 gap figure to the highest level since the financial crisis.
Atlantic Misleads With 'Short History of Money'?
• www.dailybell.comMoney is that certain thing ... Well, we dunno exactly what it is, but here's a HISTORY of it.
Dollar: Going, Going ...
• www.dailybell.comThe dollar has been the world reserve currency since 1944 and the Keynesian Fabian socialist economic palaver in New Hampshire's White Mountains. They all should have paid more attention to Lord Keynes.
Consumer mood worsens in early February on income worries
• www.reuters.comAmericans turned less optimistic about the economy in early February on worries about falling income even as their outlook on the jobs market rose to a record high, a survey released on Friday showed.
Misleading Employment Numbers
• arcleinw, the labor force participation rate rose steadily between 1970 and 2000. That happened because large numbers of women were entering the labor force for the first time.
California, New York to Join US Mortgage Deal
• www.cnbc.comCalifornia and New York, two key holdout states, are expected to join a multi-state mortgage settlement, smoothing the way for an announcement expected on Thursday, according to a person familiar with the matter.
Economic Chaos Ahead?
• arcleinAll that Congress would have to do is raise the lowest income tax bracket of 10 percent to 25 percent and the middle tax bracket of 25 percent to 66 percent and raise the 35 percent tax bracket to 92 percent. That’s a static vision that assumes that
Self-government doesn’t work for either children or adults
Menckens GhostThe following graph is from the Grandfather Economic Report, which has been published for many years by Michael Hodges, who deserves national acclaim for his efforts in trying to warn his fellow Americans that their 100-year spending spree was going
Depression USA: Amazing 1.2 million drop out of labor force in one month
• Terrence AymA stunning statistic buried within the numbers crunched out by the U.S. Bureau of Labor Statistics (BLS) reveals that for the first time in history America's labor force has lost an incredible 1.2 million people in one month. This and other cold, ha
The AGs Must Not Settle
• arcleinA foreclosure settlement between five major banks guilty of “robo-signing” and the attorneys general of the 50 states is pending for Monday, February 6th; but it is still not clear if all the AGs will sign. California was to get over half of the $25
MAULDIN: The US Still Faces Huge Problems, And In Just 3 Years We'll Be Italy
• www.businessinsider.comThings not only must change, they will change. Either we will make the difficult choices or those changes will be forced by the market. And the longer we put off the difficult choices, the more painful the consequences.
TRUE CONFESSIONS: I Worked As An Escort To Pay My Family's Bills
• www.businessinsider.comIT WAS FOR financial reasons. I’d lost my job, and I’m separated and my husband’s hours were slashed as well so he couldn’t contribute. This is a very expensive country to break up in. And it was a case of nothing coming in, bills mounting up, and th
With Pensions Like This, No Kidding Providence Rhode Island Faces 'Bankruptcy By June'
• www.businessinsider.comUntenable pension promises made by corrupt politicians to corrupt unions in an unholy alliance is about to sink another city.
Dow at Highest Since May 2008
• online.wsj.comThe Dow Jones Industrial Average broke through to its highest close since May 2008, back before the Lehman Brothers Holdings Inc. collapse, as investors increasingly put aside fears of economic calamity and focused again on fundamentals.
The Real Economic Picture
• www.prisonplanet.comIf you have any money and you want to understand the lies that “your” government tells you with statistics, subscribe to John Williams shadowstats.com.
A Rothschild Speaks - (Here Comes the "International Currency")
•International Currency - China - Energy - Weather... (you know.... all that, 'we rule the planet stuff')
Shadow Banking With Ellen Brown
• arcleinwould be creating a mortgage crisis unit to investigate wrongdoing related to real estate lending. “This new unit will hold accountable those who broke the law, speed assistance to homeowners, and help turn the page on an era of recklessness
Jobless Rate Falls to 8.3%, Altering Face of Campaign
• New York TimesThe Labor Department reported on Friday that the unemployment rate had fallen all the way back to the level of President Obama’s first full month in office, to 8.3 percent, from a high of 10 percent in late 2009. Yet unemployment also remains higher
Zuckerberg Tops Google Founders With $28.4 Billion Facebook Haul
• www.bloomberg.comFacebook Inc. (FB)’s initial public offering may value Mark Zuckerberg’s stake at $28.4 billion, making him richer than Google Inc. (GOOG)’s co-founders and almost on par with Larry Ellison, who started Oracle Corp. (ORCL) 35 years ago.
And It's Only Taken a Century To Admit It
• Lew Rockwell blogGuess who is the largest holder of U.S. government debt? China? Don't be a silly goose. Try again. Come on...come on...come on...you can do it...you can do it. Give up? Okaaaaaaaay. Here it is:
The Real Economic Picture
• www.prisonplanet.comIf you have any money and you want to understand the lies that “your” government tells you with statistics, subscribe to John Williams shadowstats.com.
Will Facebook Really Create 1,000 Millionaires?
• www.blog.wsj.comIt’s the “best investment ever!” It’s the biggest liquidity event ever! It’s about to unleash a new wealth wave in America! It’s a boon to wealth managers and Palo Alto realtors. It’s going to solve California’s budget problems, help fix our educati
Bad Economy Forces Welfare Agency Hiring Spree
• www.nbcneyyork.comThe city’s Human Resources Administration has already hired 100 new employees and plans to hire another 100.
Soaring Beef Prices Force Shoppers To Find Other Foods
• www.philadelphia.cbslocal.com“Every week when I talk to my suppliers, I’m amazed by how much it’s going up,” said owner Domenick Crimi.
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