White Paper "Beware of Obamanomics"
- Thread starter brucefan
- Start date
brucefan
EOG Dedicated
Re: White Paper "Beware of Obamanomics"
Obama was dealt a bad hand and has made things much worse . The problem was he had no clue what the problem was in the first place, so obviously he had no solution .
I agree, now the next in charge will be dealt a much tougher hand, and the solutions much more painful .
Which probably means more of the same, until we fall of the cliff and have to tell some folks, we are broke, and can't pay what's promised .
Obama was dealt a bad hand and has made things much worse . The problem was he had no clue what the problem was in the first place, so obviously he had no solution .
I agree, now the next in charge will be dealt a much tougher hand, and the solutions much more painful .
Which probably means more of the same, until we fall of the cliff and have to tell some folks, we are broke, and can't pay what's promised .
brucefan
EOG Dedicated
Re: White Paper "Beware of Obamanomics"
We borrowed 10 trillion dollars, we printed 3 trillion, all in an effort to bail out the country , prop up asset prices , and hold rates artificailly low . That was the easy part, borrow and print a bunch of money and spend it to create economic activity .
Well that money found its was into the market ( stock and real estate ) since the world is all bought in that the U.S. is the only growth game in town. Corporations have also used acct gimmicks like borrowing money just to repurchase shares , to show eps growth .
Its all all a temporary high , like a crack head feeling good from his QE high
We borrowed 10 trillion dollars, we printed 3 trillion, all in an effort to bail out the country , prop up asset prices , and hold rates artificailly low . That was the easy part, borrow and print a bunch of money and spend it to create economic activity .
Well that money found its was into the market ( stock and real estate ) since the world is all bought in that the U.S. is the only growth game in town. Corporations have also used acct gimmicks like borrowing money just to repurchase shares , to show eps growth .
Its all all a temporary high , like a crack head feeling good from his QE high
scinlincoln
EOG Addicted
Re: White Paper "Beware of Obamanomics"
The Tea Party was formed to fight these bail outs. Trillions printed to prop up Wall Street. Both Republicans and Democrats do everything they can to destroy them because of it. Ever wondered why Lois Lerner from the IRS isn't being arrested? The Republicans like her because she attacked the Tea Party. It was and is the biggest voter depression effort ever.
The Tea Party was formed to fight these bail outs. Trillions printed to prop up Wall Street. Both Republicans and Democrats do everything they can to destroy them because of it. Ever wondered why Lois Lerner from the IRS isn't being arrested? The Republicans like her because she attacked the Tea Party. It was and is the biggest voter depression effort ever.
brucefan
EOG Dedicated
brucefan
EOG Dedicated
Re: White Paper "Beware of Obamanomics"
And you thought the preliminary 0.2% Q1 GDP print from last month was bad. Moments ago, just as we warned, the BEA released its latest, first, revision of Q1 GDP (pre second-seasonal adjustments of course), and we just got confirmation that for the third time in the past four years, the US economy suffered a quarterly contraction, with the Q1 GDP revised drastically from a 0.2% growth to a drop of -0.7%: the worst print since snow struck, so very unexpectedly, last winter.
http://www.zerohedge.com/news/2015-05-29/welcome-contraction-q1-gdp-drops-07-corporate-profits-crash
And you thought the preliminary 0.2% Q1 GDP print from last month was bad. Moments ago, just as we warned, the BEA released its latest, first, revision of Q1 GDP (pre second-seasonal adjustments of course), and we just got confirmation that for the third time in the past four years, the US economy suffered a quarterly contraction, with the Q1 GDP revised drastically from a 0.2% growth to a drop of -0.7%: the worst print since snow struck, so very unexpectedly, last winter.
http://www.zerohedge.com/news/2015-05-29/welcome-contraction-q1-gdp-drops-07-corporate-profits-crash
Re: White Paper "Beware of Obamanomics"
More bad news for the doomers: http://www.washingtonpost.com/opini...b76954-0890-11e5-9e39-0db921c47b93_story.html
More bad news for the doomers: http://www.washingtonpost.com/opini...b76954-0890-11e5-9e39-0db921c47b93_story.html
scinlincoln
EOG Addicted
Re: White Paper "Beware of Obamanomics"
You should apply at PMSDNC for an economist position. Brian Williams and you can do reports.
You should apply at PMSDNC for an economist position. Brian Williams and you can do reports.
scinlincoln
EOG Addicted
Re: White Paper "Beware of Obamanomics"
I'm not sure who that is but I'm sure you'd be great?
I'm not sure who that is but I'm sure you'd be great?
scinlincoln
EOG Addicted
Re: White Paper "Beware of Obamanomics"
If I was your boss you'd still be employed.
If I was your boss you'd still be employed.
brucefan
EOG Dedicated
Re: White Paper "Beware of Obamanomics"
Obamanomics? More Chidren Live In Poverty Now Than During Crisis
For all the back-patting exuberance over manipulated record high stock prices and record periods of illusory job gains, it appears the administration and its Obamanomics forgot one important thing - the children! As USA Today reports, a higher percentage of children live in poverty now than did during the Great Recession, according to a new report from the Annie E. Casey Foundation released Tuesday.
Obamanomics? More Chidren Live In Poverty Now Than During Crisis
For all the back-patting exuberance over manipulated record high stock prices and record periods of illusory job gains, it appears the administration and its Obamanomics forgot one important thing - the children! As USA Today reports, a higher percentage of children live in poverty now than did during the Great Recession, according to a new report from the Annie E. Casey Foundation released Tuesday.
brucefan
EOG Dedicated
Re: White Paper "Beware of Obamanomics"
Since 2007: 1.4 Million Manufacturing Jobs Lost; 1.4 Million Waiter/Bartender Jobs Gained
Submitted by Tyler Durden on 08/07/2015 - 10:05
Here is another, even more disturbing way of showing the "New Economy" - since December 2014, the US has lost 1.4 million manufacturing workers. These have been replaced almost one to one, with new waiters and bartenders. Win, win for everyone, especially the welfare state and of course, China.
Prime Aged Workers Tumble In July, Workers 55 And Over Surge To New All Time High
Submitted by Tyler Durden on 08/07/2015 - 09:26
In a month in which the Establishment survey reported that 215K jobs were added, the Household survey was far less sanguine, estimating only 101K job gains in June after a drop of 56K in May. But the punchline emerged when looking at the age composition of the job winners... and losers. As we expected, more than all job gains, or 211,000 of the total, came in the 55 and over job category. Workers 16-24 lost a total of 8,000 jobs. And the worst hit were, who else, those in their prime, as the number of workers aged 25-54 dropped by another 131K.
Since 2007: 1.4 Million Manufacturing Jobs Lost; 1.4 Million Waiter/Bartender Jobs Gained
Submitted by Tyler Durden on 08/07/2015 - 10:05
Here is another, even more disturbing way of showing the "New Economy" - since December 2014, the US has lost 1.4 million manufacturing workers. These have been replaced almost one to one, with new waiters and bartenders. Win, win for everyone, especially the welfare state and of course, China.Prime Aged Workers Tumble In July, Workers 55 And Over Surge To New All Time High
Submitted by Tyler Durden on 08/07/2015 - 09:26
In a month in which the Establishment survey reported that 215K jobs were added, the Household survey was far less sanguine, estimating only 101K job gains in June after a drop of 56K in May. But the punchline emerged when looking at the age composition of the job winners... and losers. As we expected, more than all job gains, or 211,000 of the total, came in the 55 and over job category. Workers 16-24 lost a total of 8,000 jobs. And the worst hit were, who else, those in their prime, as the number of workers aged 25-54 dropped by another 131K.
brucefan
EOG Dedicated
Re: White Paper "Beware of Obamanomics"
Falling back into recession
Obamanomics being exposed now that Fed is losing cred
Payrolls Disaster: Only 142K Jobs Added In September With Zero Wage Growth; August Revised Much Lower
Submitted by Tyler Durden on 10/02/2015 - 08:36
And so the "most important payrolls number" at least until the October FOMC meeting when the Fed will once again do nothing because suddenly the US is staring recession in the face, is in the history books, and as previewed earlier today, at 142K it was a total disaster, 60K below the consensus and below the lowest estimate. Just as bad, the August print was also revised far lower from 173K to 136K. And while it is less followed, the household survey was an unmitigated disaster, with 236,000 jobs lost in September.
Falling back into recession
Obamanomics being exposed now that Fed is losing cred
Payrolls Disaster: Only 142K Jobs Added In September With Zero Wage Growth; August Revised Much Lower
Submitted by Tyler Durden on 10/02/2015 - 08:36
And so the "most important payrolls number" at least until the October FOMC meeting when the Fed will once again do nothing because suddenly the US is staring recession in the face, is in the history books, and as previewed earlier today, at 142K it was a total disaster, 60K below the consensus and below the lowest estimate. Just as bad, the August print was also revised far lower from 173K to 136K. And while it is less followed, the household survey was an unmitigated disaster, with 236,000 jobs lost in September.
brucefan
EOG Dedicated
Re: White Paper "Beware of Obamanomics"
Black Friday
Submitted by Tyler Durden on 01/15/2016 - 21:04
Black Friday
Submitted by Tyler Durden on 01/15/2016 - 21:04
brucefan
EOG Dedicated
Re: White Paper "Beware of Obamanomics"
st Horrific Jobs Report in History
Friday’s jobs report was undoubtedly the most horrific in U.S. history! Only 38,000 non-farm payrolls were added in May vs. the consensus estimate of 164,000 – the largest non-farm payolls miss of all time. It was the weakest monthly gain in non-farm payrolls since the phony U.S. economic “recovery” began 67 months ago.
When you dig deeper into the payroll data and look specifically at the monthly change in productive manufacturing, mining, and construction jobs – the picture gets much worse. Total U.S. manufacturing, mining, and construction jobs declined in May by -35,200, the largest decline in productive U.S. jobs of the last 75 months!
productiveusjobs
America’s only strong employment growth is in non-productive jobs that do more harm to the economy than good. An “impressive” 79,300 low wage/non-productive retail, waiter/bartender, and health care jobs were added in May.
nonproductivelowwageusjobs
The BLS has a deceptive habit of artificially inflating their initial headline employment numbers, then quietly revising them downward in future jobs reports. The U.S. mainstream media never reports on the subsequent downward revisions. On Friday, the BLS revised their March and April non-farm payrolls lower by a total of -59,000. Factoring this in, the U.S. is already experiencing an overall jobs recession – with total non-farm payrolls declining in May by -21,000.
nonfarmpayrollsmay2016downwardrevisions
st Horrific Jobs Report in History
Friday’s jobs report was undoubtedly the most horrific in U.S. history! Only 38,000 non-farm payrolls were added in May vs. the consensus estimate of 164,000 – the largest non-farm payolls miss of all time. It was the weakest monthly gain in non-farm payrolls since the phony U.S. economic “recovery” began 67 months ago.
When you dig deeper into the payroll data and look specifically at the monthly change in productive manufacturing, mining, and construction jobs – the picture gets much worse. Total U.S. manufacturing, mining, and construction jobs declined in May by -35,200, the largest decline in productive U.S. jobs of the last 75 months!
productiveusjobs
America’s only strong employment growth is in non-productive jobs that do more harm to the economy than good. An “impressive” 79,300 low wage/non-productive retail, waiter/bartender, and health care jobs were added in May.
nonproductivelowwageusjobs
The BLS has a deceptive habit of artificially inflating their initial headline employment numbers, then quietly revising them downward in future jobs reports. The U.S. mainstream media never reports on the subsequent downward revisions. On Friday, the BLS revised their March and April non-farm payrolls lower by a total of -59,000. Factoring this in, the U.S. is already experiencing an overall jobs recession – with total non-farm payrolls declining in May by -21,000.
nonfarmpayrollsmay2016downwardrevisions
TheGuesser
EOG Dedicated
Re: White Paper "Beware of Obamanomics"
<header> [h=1]Stocks Close At Record Highs; Nordstrom, Nvidia Jump After Hours[/h]
</header> All three major averages closed at record highs Thursday as oil prices jumped and several retail and apparel stocks posted strong gains.
The Dow Jones industrial average rose 0.7%, as Nike (NKE) climbed 3%. The Nasdaq and the S&P 500 each added 0.5%.
Crude prices spiked 4% to the highest level since July 22 after Saudi Arabia, the world's top exporter, suggested it would trim output to ease a supply glut and bolster prices.
After the close, Nordstrom (JWN) soared 11% following its quarterly earnings report, capping a banner day for department store stocks.
The high-end retailer reported mixed results, beating Wall Street estimates on profit but falling short on revenue. However, the company's full-year outlook topped expectations. Nordstrom rose more than 7% during the regular session, approaching resistance at its 200-day moving average.
Get instant access to exclusive stock lists and powerful tools on Investors.com. Try us free for 4 weeks.
Also after hours, Nvidia (NVDA) climbed 3% after the producer of graphics chips used in video-game consoles posted better-than-expected profit and sales for the latest quarter. It also issued a bullish outlook.
And Planet Fitness (PLNT) rose more than 2% in post-session trading following its Q2 results. The stock ended the regular session in buying range from a 19.72 buy point of a cup-with-handle base.
In the regular session, Macy's (M) soared 17% after profit for fiscal Q2 fell much less than expected and the company said it would close 100 stores to focus on its online business.
Kohl's (KSS), another department-store operator, jumped 16% after a strong earnings report. Both Macy's and Kohl's jumped above their 200-day moving averages but remain well off their 52-week highs.
IBD'S TAKE: The best stocks from the strongest industry groups have the best chance of success. Click here to find out where the department-store industry ranks.
Under Armour (UA), Nike's rival in athletic apparel, rose nearly 5%.
J.C. Penney (JCP) is among companies scheduled to report quarterly earnings on Friday. Economic reports due Friday include business inventories for June, the producer price index and retail sales for July, and the University of Michigan's consumer sentiment index for August.
<header> [h=1]Stocks Close At Record Highs; Nordstrom, Nvidia Jump After Hours[/h]
- SCOTT STODDARD
- 5:05 PM ET
</header> All three major averages closed at record highs Thursday as oil prices jumped and several retail and apparel stocks posted strong gains.
The Dow Jones industrial average rose 0.7%, as Nike (NKE) climbed 3%. The Nasdaq and the S&P 500 each added 0.5%.
Crude prices spiked 4% to the highest level since July 22 after Saudi Arabia, the world's top exporter, suggested it would trim output to ease a supply glut and bolster prices.
After the close, Nordstrom (JWN) soared 11% following its quarterly earnings report, capping a banner day for department store stocks.
The high-end retailer reported mixed results, beating Wall Street estimates on profit but falling short on revenue. However, the company's full-year outlook topped expectations. Nordstrom rose more than 7% during the regular session, approaching resistance at its 200-day moving average.
Get instant access to exclusive stock lists and powerful tools on Investors.com. Try us free for 4 weeks.
Also after hours, Nvidia (NVDA) climbed 3% after the producer of graphics chips used in video-game consoles posted better-than-expected profit and sales for the latest quarter. It also issued a bullish outlook.
And Planet Fitness (PLNT) rose more than 2% in post-session trading following its Q2 results. The stock ended the regular session in buying range from a 19.72 buy point of a cup-with-handle base.
In the regular session, Macy's (M) soared 17% after profit for fiscal Q2 fell much less than expected and the company said it would close 100 stores to focus on its online business.
Kohl's (KSS), another department-store operator, jumped 16% after a strong earnings report. Both Macy's and Kohl's jumped above their 200-day moving averages but remain well off their 52-week highs.
IBD'S TAKE: The best stocks from the strongest industry groups have the best chance of success. Click here to find out where the department-store industry ranks.
Under Armour (UA), Nike's rival in athletic apparel, rose nearly 5%.
J.C. Penney (JCP) is among companies scheduled to report quarterly earnings on Friday. Economic reports due Friday include business inventories for June, the producer price index and retail sales for July, and the University of Michigan's consumer sentiment index for August.