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Latest Articles: Business/Finance
Staring Armageddon in the Face But Hiding It With Official Lies
Post Date: 2013-03-12 09:54:59 by Ada
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According to the Bureau of Labor Statistics, the US economy created 236,000 new jobs in February. If you believe that, I have a bridge in Brooklyn that I’ll let you have at a good price. Where are these alleged jobs? The BLS says 48,000 were created in construction. That is possible, considering that revenue-starved real estate developers are misreading the housing situation. Then there are 23,700 new jobs in retail trade, which is hard to believe considering the absence of consumer income growth and the empty parking lots at shopping malls. The real puzzle is 20,800 jobs in motion picture and sound recording industries. This is the first time in the years that I have been ...
"Best" investment newsletters
Post Date: 2013-03-08 05:02:30 by Tatarewicz
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What’s Your Favorite Newsletter? Your fellow Gumshoe readers are crying out for your opinion -- please help! That’s the question that I receive from readers more often than any other — and my response is always disappointing, because I don’t and can’t really have one. And the real answer is getting to be a bit of an overused question here at Gumshoe HQ — a big “what do you think?” for the masses of Gumshoedom — but it’s at the core of what we’re trying to do. OK, so most of what I spend my time at is sifting through investment newsletter teasers and finding the truth (and sometimes the gem) that’s buried beneath the pile of, ...
Hostess sales of bread brands draw U.S. objection
Post Date: 2013-03-07 21:55:22 by Dakmar
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Hostess Brands Inc.'s planned sales of most of its bread business shouldn't be approved as currently structured because the buyers would be improperly released from liabilities and obligations to comply with environmental laws, the U.S. said. U.S. Attorney Preet Bharara in Manhattan objected March 1 to agreements reached last week with Flowers Foods Inc., which is set to buy brands including Wonder for about $360 million, and Grupo Bimbo SAB, which plans to buy the Beefsteaks brand for about $31.9 million. "The proposed sale order, as currently drafted, would diminish or eliminate the government's ability to enforce generally applicable police and regulatory statutes and ...
12 Best Stocks to Buy Now
Post Date: 2013-03-07 04:58:42 by Tatarewicz
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Medscape: We asked experts with successful long-term records in the investment business to recommend 12 stocks that could do very well over the next 3-5 years.* On top of their expected price increases, many of these stocks pay strong dividends, which essentially means you're earning money while you wait for them to appreciate in value. Remember that buying individual stocks is riskier than owning a mutual fund, which spreads risk over dozens or hundreds of companies. If you're interested in a particular stock, research it further or call your financial advisor or broker to discuss it. Bank of America (BAC) Why it's a good bet: The resurgence in housing, along with economic ...
Chains of A Global Debt System
Post Date: 2013-03-06 10:02:09 by christine
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Poster Comment:Good stuff
The Last Time The Dow Was Here...
Post Date: 2013-03-05 10:52:19 by Ada
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"Mission Accomplished" - With CNBC now lost for countdown-able targets (though 20,000 is so close), we leave it to none other than Jim Cramer, quoting Stanley Druckenmiller, to sum up where we stand (oh and the following list of remarkable then-and-now macro, micro, and market variables), namely that "we all know it's going to end badly, but in the meantime we can make some money" - ZH translation: "just make sure to sell ahead of everyone else." Dow Jones Industrial Average: Then 14164.5; Now 14164.5 Regular Gas Price: Then $2.75; Now $3.73 GDP Growth: Then +2.5%; Now +1.6% Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million ...
Bankrupting the System To Save It?
Post Date: 2013-03-05 08:59:48 by Ada
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DB: Is Brussels backing away from austerity? …We are being informed that a decision may have been made by the Brussels crowd to monetize their dilemma. When in doubt ... print. BM: This is quite interesting, and has given me reason to revisit some of my thoughts on this subject of Europe and the Euro. Start with the premise that for the elites, control is the most important objective…. I believe it is safe to assume that the elite knew in 1914 (with all major currencies leaning more on central banking than on gold), or in 1945 (with the doomed-to-fail Bretton Woods agreement), or 1971 (when Nixon said no mas)…that the current system would not last forever. However, it was ...
The Fed's Tightening Pipe Dream
Post Date: 2013-03-04 09:32:41 by Ada
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Testifying before the US Senate this past Tuesday, Fed Chairman Ben Bernanke made an extraordinary claim about its bloated balance sheet: "We could exit without ever selling by letting it run off." What Bernanke means here is that the Fed could simply hold its Treasuries and agency bonds until they mature, at which point the government would then be forced to pay the Fed back the principal amount. Through this process, the Fed's unprecedented and inflationary position will be gradually and placidly unwound. Growing rumors last month of a potential "tightening" of monetary policy – seemingly confirmed by the Fed minutes released on Feb. 20th – have ...
The Missing Recovery —
Post Date: 2013-03-03 12:14:26 by Ada
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Officially, since June 2009 the US economy has been undergoing an economic recovery from the December 2007 recession. But where is this recovery? I cannot find it, and neither can millions of unemployed Americans. The recovery exists only in the official measure of real GDP, which is deflated by an understated measure of inflation, and in the U.3 measure of the unemployment rate, which is declining because it does not count discouraged job seekers who have given up looking for a job. No other data series indicates an economic recovery. Neither real retail sales nor housing starts, consumer confidence, payroll employment, or average weekly earnings indicate economic recovery. Neither ...
16 Signs That The Middle Class Is Running Out Of Money
Post Date: 2013-03-02 14:11:47 by Horse
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"The fact of the matter is that America is broke — whether it's mortgages, student loans or credit cards, we are broke. The old rule of thumb is that people should have six months' of savings," Dvorkin says."If you talk to people, most don't have two pennies." These days most Americans are living from paycheck to paycheck, and thanks to rising prices and rising taxes, those paychecks are getting squeezed tighter and tighter. Many families have had to cut back on unnecessary expenses, and some families no longer have any discretionary income at all. The following are 16 signs that the middle class is rapidly running out of money... #1 According to one ...
The US Corporate State
Post Date: 2013-03-02 08:59:09 by Ada
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It didn’t take long for opponents of the market to pounce after the events of 2008. The crash was said to prove how destructive "unregulated capitalism" could be and how dangerous its supporters were – after all, free-marketeers opposed the bailouts, which had allegedly saved Americans from another Great Depression. In The Great Deformation, David Stockman – former US congressman and budget director under Ronald Reagan – tells the story of the recent crisis, and takes direct aim at the conventional wisdom that credits government policy and Ben Bernanke with rescuing Americans from another Great Depression. In this he has made a seminal contribution. But he ...
Recession? Ongoing depression.
Post Date: 2013-02-28 21:28:24 by Esso
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Baltic Dry Index: Record high - May 20, 2008 @ 11,793 points. By December 5, 2008 the index fell 94% to 663 points. New multi-decade low just last year at this time February 3, 2012 @ 647 points. At present is barely limping along at about 750 points. This is an economic leading indicator. HARPEX Index; High - 1,376 points in 2007. Low - 275 points - 2009. The HARPEX tracks containers freight and is a current economic activity indicator. At present it also is limping along at 372 points. These indices at such long low levels of activity point to an ongoing international trade disruption, that is not just a downturn/recession, but rather an ongoing/deepening depression.
Trust me, this time is different…
Post Date: 2013-02-28 09:13:38 by Ada
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Reporting from Santiago, Chile By 1789, a lot of French people were starving. Their economy had long since deteriorated into a weak, pitiful shell. Decades of unsustainable spending had left the French treasury depleted. The currency was being rapidly debased. Food was scarce, and expensive. Perhaps most famously, though, the French monarchy was dangerously out of touch with reality, historically enshrined with the quip, “Let them eat cake.” The Bourbon monarchy paid the price for it, eventually losing their heads in a 1793 execution. But it took the French economy decades to finally recover. Along the way, the government tried an experiment: issuing a form of paper money. It ...
Watch A Diner Waitress Explain To A Wall Street Guy How Money Works In America
Post Date: 2013-02-28 08:56:26 by Jethro Tull
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www.upworthy.com/watch-a-...oney-works-in-america?g=2
Can I withdraw money from my IRA before age 59½ ?
Post Date: 2013-02-27 23:14:17 by Esso
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Under current tax law you can withdraw all the money you want from an IRA before age 59½, but you have to pay regular income tax on the withdrawal plus a 10% penalty tax. Is there a tax loophole I can use? Fortunately, there is a loophole known as a "72(t) exception". Under current tax law (Internal Revenue Service Code Section 72(t)(2)(a)(iv)) you can avoid the 10% penalty tax if you take "substantially equal periodic payments." The Internal Revenue Service 1989 Cumulative Bulletin (Notice 89-25 on Page 666) tells you how to calculate what it considers to be "substantially equal periodic payments". IRS Revenue Ruling 2002-62 adds additional details ...
The Ethics of Repudiation
Post Date: 2013-02-27 08:18:47 by Ada
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Do you ever get the feeling that no one in the Washington power elite is willing to seriously deal with the major economic threat to future prosperity facing the United States today: mounting government debt and the associated deficits? The problem, as pointed out by Murray Rothbard over 20 years ago: Deficits and a mounting debt, therefore, are a growing and intolerable burden on the society and economy, both because they raise the tax burden and increasingly drain resources from the productive to the parasitic, counterproductive, “public” sector. Moreover, whenever deficits are financed by expanding bank credit – in other words, by creating new money – matters become ...
Financial Terrorism in America: Over 1 Million Deaths Annually, 62 Million People With Zero Net Worth, As the Economic Elite Make Off With $46 Trillion
Post Date: 2013-02-26 21:23:34 by Southern Style
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Financial Terrorism in America: Over 1 Million Deaths Annually, 62 Million People With Zero Net Worth, As the Economic Elite Make Off With $46 Trillion Shocking statistics proving the economic elite have launched a deliberate systemic financial terrorist attack against 99.9% of the population. by Alexander Higgins Published: Aug. 12, 2011 -Alexander Higgins Blog An all out campaign of corporate and government propagand has obscured the truth of the blatant reality that economic elite have raped and pillaged a generation of Americans. The veil of secrecy that keeps us blinded to our oppressors is disguised beneath obfuscated financial data and blatantly manipulated government statistics. ...
More Economic Straight Talk
Post Date: 2013-02-24 02:31:01 by Stephen Lendman
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More Economic Straight Talk by Stephen Lendman There's far too little of it around. TV talking heads shun it. All's well in the world, they say. They don't dare report accurately. Their jobs depend on manipulative deception. Financial truisms bear repeating. Money creation madness assures trouble. Irrational exuberance follows. So do bubbles. Imploding is just a matter of time. The bigger they are, the harder they fall. It happened in 2000 and 2008. Perhaps this year or next is 3.0. The fullness of time will tell. Excess creates its own demise. New era rhetoric doesn't wash. Market analyst Bob Farrell's Rule Number Three says "There are no new eras - excesses ...
Why Should Taxpayers Give Big Banks $83 Billion a Year?
Post Date: 2013-02-23 15:31:06 by X-15
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On television, in interviews and in meetings with investors, executives of the biggest U.S. banks -- notably JPMorgan Chase & Co. Chief Executive Jamie Dimon -- make the case that size is a competitive advantage. It helps them lower costs and vie for customers on an international scale. Limiting it, they warn, would impair profitability and weaken the country’s position in global finance. So what if we told you that, by our calculations, the largest U.S. banks aren’t really profitable at all? What if the billions of dollars they allegedly earn for their shareholders were almost entirely a gift from U.S. taxpayers? Granted, it’s a hard concept to swallow. It’s also ...
Argentina to renovate railways with Chinese trains in 2014
Post Date: 2013-02-21 02:42:19 by Tatarewicz
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Xinhua | Argentina will receive Chinese-built trains next year as part of a push to modernize its aging metropolitan railway network that links the capital Buenos Aires with its main suburbs, Argentinean Interior and Transportation Minister Florencio Randazzo said Tuesday. A video conference was held on Tuesday when Randazzo and the Chinese contracting party both confirmed that the engineering work is well under way. The railroad cars will be delivered in 13 months, as stipulated by the contract, the Transportation Ministry said, citing the executives from CSR Qingdao Sifang Locomotive & Rolling Stock Co. "We want you to tell Argentina's President that we have already ...
Currency Wars - Race to the Bottom
Post Date: 2013-02-20 21:44:38 by Southern Style
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Currency Wars - Race to the Bottom The alarmist media always seeks to sell papers or broadcast ratings, built on the unswerving fear that followed the financial meltdown, the banking establishment profits from the debt liquidation panic. The lack of stability in fiscal confidence certainly abounds, but the schemes to paper over the mountain of liability obligations, develop at even a more rapid pace. The implied result of a real currency war is that nations are acting or defending their own national interests. The truth is that fiat currencies, designed to depreciate, benefits the moneychangers as the loss of purchasing power penalizes taxpayers and consumers. The financial press spins ...
Obama taxes and tax refund delays bomb WalMart sales
Post Date: 2013-02-20 06:17:44 by Tatarewicz
3 Comments
Wal-Mart Executives Sweat Slow February Start in E-Mails - Bloomberg Wal-Mart Stores Inc. had the worst sales start to a month in seven years as payroll-tax increases hit shoppers already battling a slow economy, according to internal e-mails obtained by Bloomberg News. Read more at www.bloomberg.com www.businessinsider.com/
Economic Straight Talk
Post Date: 2013-02-17 02:27:34 by Stephen Lendman
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Economic Straight Talk by Stephen Lendman Things aren't as good as they seem. Dire economic conditions masquerade as sound. Media scoundrels twist reality. Big Lies proliferate. Repetition convinces most people hard times are good or not as bad as their personal situations suggest. Wall Street manipulators transformed America into an unprecedented money making racket. Business models prioritize grand theft. Money is made by stealing it. Government officials collude at the highest federal, state and local levels. They're well rewarded for going along. Who said crime doesn't pay? Swindling is the national pastime. It's the American way. It's institutionalized. So are ...
Did These Hidden Forces 'Elect' the President?
Post Date: 2013-02-16 08:17:28 by Ada
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Today, on the Ides of February, we hold our hat in our hand... we bow our head... and let our mouth fall open in amazement. Our Lenten program of fasting, prayer and meditation is producing results. We are lightheaded from near- starvation and alcohol deprivation. But our thoughts are clear. Or else, we are hallucinating. In the last two days, we've taken a look at what promises to be the biggest bust-up of all time. It began in stealth when a small group of big bankers boarded an unlisted train in the middle of the night. They all knew each other. All were from powerful New York banking families. But they didn't even use their own names when talking to one another... so afraid ...
Converting trucks, etc to natural gas
Post Date: 2013-02-13 06:55:53 by Tatarewicz
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Assume you drove 50,000 miles a year in a truck that got six miles to the gallon... Diesel costs about $4.50, and CNG equivalent costs about $1.75 per gallon equivalent. Add in the extra $50k for the price of the NG engine over the diesel, and subtract $32k in government incentives, and you would get a cost savings of $191,898 a year. The additional NG cost of the truck would pay for itself in 0.94 years. And with economies of scale, the additional cost of a NG engine will drop to around $25k. That kind of savings speaks for itself... which means NG long-haul trucking is about to accelerate. There are now 1,190 compressed natural gas (CNG) stations and 78 liquid natural gas (LNG) ...
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