The US Economy is Not Recovering Despite US media’s trumpeting the Obama Admin’s numbers lauding the so-called “recovering” US economy, a new Gallup report said that is not true. There is a Big Problem: The deaths of small businesses under the Obama Administration outnumbered their births. That is because there has been much long-term degradation […]
Donald Trump, “I will Introduce an America First Energy Plan” Donald Trump outlined his pro-Coal mining and fossil fuel election platform, telling an industry audience in Pittsburgh, PA that he will scrap the $5-T Obama-Clinton Climate Action Plan and the Clean Power Plan, and overhaul EPA regulations seen as strangling US, Coal, Oil & Gas […]
BYD (OTCMKT:BYDDF) to Triple Size of California Factory $BYDDF Chinese car, bus and battery maker BYD (OTCMKT:BYDDF) announced recently that it will expand its EV (electric vehicle) plant in Lancaster, California, 3X’ing the size of its facility, employment and production capability in next 3 years. Stella Li, President of BYD America, said at a groundbreaking […]
Union “Rank-and-File” Prefer Donald Trump as US President America’s union leaders are not expending a lot of energy trying to win back members drawn to Donald Trump’s populist, anti-trade message. Donald Trump is wooing working-class voters by promising to renegotiate trade deals and bring back lost manufacturing jobs, some unions are re-calibrating their usual election-year […]
Wells Fargo’s (NYSE:WFC) Fraud Cost Investors $10-B $WFC, $JPM, $BRK.A FLASH: Here is the word on how it’s largest shareholder, Warren Buffet’s Berkshire Hathaway (NYSE:BRK.A) feels about the mess, likely put out, as his loss is reported at $1.4-B. Wells Fargo’s (NYSE:WFC) fraud cost 5,200 employees their jobs and the bank suffered $185-M in fines, […]
The US Has “Tremendous Power”over China Donald Trump says the United States has “tremendous power” over China because the world’s 2nd-largest economy depends on American prosperity and because of Beijing’s ownership of a staggering amount of US debt. “They suck the blood out of us and we owe them money,” Donald Trump said Monday. “We […]
US Factory Activity Dives for 1st Time in 6 Months, Jobs Cut $DIA, $SPY, $QQQ, $VXX US manufacturing contracted in August for the 1st time since February, as new orders and output plummeted and factories cut jobs. The Institute for Supply Management (ISM) says its manufacturing index dropped to 49.4 in August from 52.6 in […]
Weak NFPs Signals No Fed Rate Hike in September $DIA, $SPY, $QQQ, VXX August Employment Situation and July Trade Deficit: NFPs: 151,000; Private Sector: 126,000; Unemployment Rate; 4.9% Unch; Hourly wages: +0.1%/ Trade Deficit: $5.2-B narrower Commentary: Given how robust job gains were in June and July, the weak August increase halted the FOMC actions. If […]
Eric Trump, Dad Wants to ‘Protect Our Country’ with Immigration Stance Friday, Eric Trump defended his father’s immigration and deportation plans, saying wants to “protect this country and preserve the wages of 320-M people who live here.” “It’s very, very sad,” Eric Trump said in a TV interview. “The median income hasn’t gone up in […]
Men Do Not Like to Talk About Their Health It is well known that women go to the doctor more than do men, but a new survey finds that man are also reluctant to discuss their health concerns, especially with each other. The survey, conducted by the Cleveland Clinic finds that when men get together, […]
Obama’s Claims that US Economy is ‘Good’ is Debunked US President Barack Hussein Obama claimed recently, “The economy, by every metric, is better than when I came into office.” Mr. Obama has been making some variation of this “the economy got better under my watch” claim since the Y 2012 presidential campaign. The Big Q: […]
The World’s Youth Facing Massive Unemployment A report released Wednesday by the International Labour Organisation (ILO) warned that 13.1% of the world’s youth are set to be jobless in Y 2016, up from 12.9% last year. According to ILO’s World Employment and Social Outlook 2016 report, the global number of unemployed youth is expected to […]
Another Democratic ‘Tax & Spend’ Administration = Recession $DIA, $SPY, $QQQ, $VXX Hillary Clinton got hammered from all directions Monday. Mrs. Clinton is trying come up with a new and inspiring idea to jump-start a anemic US economy and help the financially stressed middle class. The progressive/left really does not know how to and will […]
Donald Trump, “We Must do Better as a Country” Donald Trump made a direct appeal to African Americans Friday, asking “What do you have to lose?” He slammed longstanding Democratic policies that have destroyed inner cities and sent manufacturing jobs to Mexico and other countries. “We cannot fix our problems by relying on the same […]
US Regional Manufacturing Weakens for 2nd Month Running $DIA, $SPY, $QQQ, $VXX Factory activity in New York slowed in early August for the 2nd month running, and manufacturers in the state cut jobs. The Federal Reserve Bank of New York said Monday that its Empire State manufacturing index dropped to a reading of – 4.2, […]
Donald Trump offers “the biggest tax revolution since the Reagan reforms” Monday in Detroit Donald Trump outlined his economic plan that he said will streamline the US tax code and lower the tax rate for working Americans, offering “the biggest tax revolution since the Reagan tax reform.” With a 55-min speech to the prestigious Detroit […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Earnings, GDP numbers, Fed, BOJ and ECB decisions, NFPs report all out. Wall Street ignored most of it for a few weeks, got nervous traded down and saw some light, ran North and broke out on low volume Friday. And by the way the US job […]
Working class Americans have to love Donald Trump as President Donald Trump will propose one of the biggest tax cuts since the days of Ronald Reagan in a new economic blueprint to be unveiled next week, according to an adviser to the GOP Presidential candidate. Donald Trump will reiterate his plan to cut the corporate […]
Donald Trump, “Barack Obama is a failed leader, and unfit” Tuesday, Donald Trump responded to US President Barack Hussein Obama’s attacks by describing as “a failed leader who along with Secretary of State Hillary Clinton created a foreign policy that has destabilized the world and made it an unsafe place.” “He is the one who […]
The Week Ahead on Wall Street $PFE, $PG Earnings season continues with 119 S&P 500 companies reporting. Included in this group are DJIA components Pfizer Inc. (NYSE:PFE) and Proctor & Gamble Co. (NYSE:PG), which will both report Tuesday. Economic Reports The week’s 1st economic reports to Wall Street will be the July purchasing manager’s manufacturing index (PMI), the […]
Consumer Confidence Dims on Economy $DIA, $SPY, $QQQ, $VXX Consumer confidence slid in July from the prior month on dimmer views of the US economy’s prospects and lingering concerns among higher-income earners about global market conditions. The University of Michigan said Friday that its final index of sentiment (MSI) declined to 90 this month from […]
GOP United, Aligned Going Into Convention with Trump/Pence Ticket Saturday, Donald Trump’s choice for VP running mate Mike Pence, Saturday heralded the presumptive GOP nominee as a strong leader who will bring his brand of “no-nonsense Leadership” to Washington DC. “Elections are about choices, and I also joined this ticket because the choice could not […]
Fed Stymied, Needs Congress’ Help to Spur Economic Growth For the most part US Fed officials have opinions on hot-button issues of the day but do not comment publicly.. But, since the US monetary policy makers are knowledgeable about what is good for the economy, their views on subjects such as immigration, trade and education […]
Household Incomes Fall In Advanced World Economies The real incomes of about 67% of households in 25 advanced economies were flat or fell between Y’s 2005 and 2014. This phenomenon could have very damaging economic and social consequences. The data shows that most people growing up in advanced economies since World War II have been […]
A New Vision in Agriculture, Urban Farming $MON, $CAG The shift: in 1900, 92% of Americans worked in agriculture, in Y 2014 it is less than 2%. America no longer has a direct connection to how its food is produced. This is a problem, not for sentimental reasons but because Americans must rely on 2ndhand […]
The REAL Jobs Report Suggest the US Economy ‘Treading Water’ $DIA, $SPY, $QQQ, $VXX There is almost no way to explain Friday’s buying spree in response to another NFPs (official jobs report) that proved nothing about a growing economy, hang on an allegedly growing economy. When the S&P 500 hit 2130 on 21 May 2015, […]
Today’s US S&P 500 Action May Signal Market Top $DIA, $SPY, $QQQ, $VXX US economy’s ill health possibly having been overstated, plus the Dovish talk from the Fed combined Friday drive the S&P 500 Index above its 21 May 2015 all time high close. Friday’s capped an 8-day rebound of more than 6% that restored […]
US Jobs Growth Key to Avoid Recession $DIA, $SPY, $QQQ, $VXX There are worrisome signs that the US will face Recession in Y 2017. The Key indicator to watch is the monthly NFPs (the jobs situation report). Friday the US Department of Labor is expected to report that the US companies added 170,000 jobs in […]
US Jobless Claims Rise, Unemployment Benefits Increased in June $DIA, $SPY, $QQQ, $VXX The number of Americans filing for unemployment benefits rose last week, but remained below a level associated with a healthy labor market. Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 268,000 for the week ended 25 June, the […]
It is Not the UK’s ‘Leave’ Vote that Derailed the Fed’s Plans Weaker-than-expected real growth in US jobs in recent months had forced US monetary policy makers to put off a rate hike at their meeting June meeting. The data due early next month on June US NFP’s could help clear up doubts about the […]
A Troubling Story: “The US has Become a ‘Renter Nation’” A troubling story is playing out across they USA in the 10 years since the housing bubble peaked and burst in a horrific crash. As real estate has risen, homeowners are thriving and renters struggle. For many longtime owners, times are good. They are enjoying […]
Caution, US Economy Faces Many Uncertainties $DIA, $SPY, $QQQ, $VXX US Fed Chairwoman Janet Yellen told Congress Tuesday that the US economy faces a number of uncertainties that require the Fed to proceed cautiously in raising interest rates. In the Fed’s twice-a-year economic report to Congress, Ms. Yellen cited a slowdown in job growth in […]
Paul Manafort now ‘in Charge’ of Donald Trump’s Presidential Campaign Paul Manafort is now ‘in Charge’ of Donald Trump’s Presidential campaign after the campaign announced it has parted ways with Corey Lewandowski. “Mr. Trump obviously made a decision this morning,” Barry Bennett said Monday on TV. “I have not yet talked to him about it, […]
– June 16th, 2016 – 1 Year Ago, Donald Trump Started a Movement A year ago today, many of you joined me at Trump Tower in calling for real change in Washington, D.C. I am proud to say that with your support we are well on our way to Making America Great Again! Since the […]
Fed’s Economic Downgrade Helps Donald Trump, Hurts Hillary Clinton The FOMC did not (could not) raise interest rates, but it signaled a new turn for the US economy, South. Wednesday, the US Fed downgraded its economic outlook for the rest of this year, which will impact the Presidential election if the forecast is right. In […]
China Expands Opportunities for College Graduates Stable economic growth, continued progress in structural reform, and policies supportive of entrepreneurship and employment generation offer new opportunities for college graduates. A survey conducted by education research company MyCOS Institute, released Sunday, showed that the employment rate of college graduates in Y 2015 was 91.7%, in line with […]
Janet Yellen in Public Denial about the Anemic State of US Economy US Fed Chairwoman Janet Yellen, dubbed “the Schoolmarm” is ignoring the Key warning signs that the US is about to plunge into a recession. The economic data released over the past weeks are painting a bleaker picture of the US economy than seen […]
Grim US Jobs Market Signals Looming Recession $DIA, $SPY, $QQQ, $VXX Recession signals are growing more especially in the US jobs market The NFPs (non-farm payrolls) report last week contained some very worrying data, even as the unemployment rate dropped to a 9 year low of 4.7%. Many thousands of Americans left the work force […]
Ralph Lauren (NYSE:RL) Cutting about 1,000 Jobs & Closing 50 Stores $RL Ralph Lauren Corp (NYSE:RL). is cutting about 1,000 jobs and closing 50 stores as part of a sweeping plan to lower costs and revive sales growth at the luxury fashion brand. Shares of Ralph Lauren, which also forecast declines in FY (fiscal year)and […]
EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: The currency pair traded uneventfully around its Friday’s high for most of Monday extending its gains up to 1.1392 during the American session, following US Fed’s Yellen hawkish words on a speech over current conditions and the outlook for the US economy in Philadelphia, in where she acknowledged the […]
US Already in “Soft” Business Recession $DIA, $SPY, $QQQ, $VXX JPMorgan (NYSE:JPM) economists warn that the risk of a recession within the next 12 months hit a new high in light of May’s grim jobs report. “Our preferred macroeconomic indicator of the probability that a recession begins within 12 months has moved up from 30% […]
Janet Yellen’s Remarks Anything But “Dovish” Monday, US Federal Reserve Chairwoman Janet Yellen said that interest rate hikes are likely on the way because “positive economic forces outweigh the negative” for the United States now that risks from earlier this year have diminished. In Monday’s public comment from any US central banker before a Key […]
Utah #1 State for Economic Growth in America Utah this year has the best economy among US states, Mississippi, Arkansas, West Virginia, Maine and New Mexico are the worst areas for commercial activity, according to a new study. “State economies could still be either boom or bust,” according to finance website WalletHub, the author of […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX No matter what we hear Barack Hussein Obama, Hillary Clinton or Bernie Sander we all know why the unemployment rate is at 4.7%, yes. Just about 33% of the nation is not working, and that group is a much larger portion of the actual working-aged […]
EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: The US monthly NFP’s released last Friday, cast doubts over the possibility of a US rate hike this Summer, triggering a Buck selloff. The world’s largest economy added just 38,000 meaning no jobs, new jobs last May, and March, April saw Southside revisions of 59-K. The unemployment rate fell […]
Dark Clouds Ahead for the US Economy Friday, a grin, hang on ugly, May jobs report, in which virtually no jobs were created and the April/March reports revised downward has clouded the outlook for the fragile US economy. Last week the US Fed was poised to raise interest rates perhaps as soon as its June […]
Australia: The Financial and Emotional Fallout of Tragic Brushfires A Western Australian single mother of 5 claims she will be homeless within weeks as she struggles with the financial and emotional fallout of a tragic bushfire that all but destroyed her hometown. Sunshine Paewai’s, 36, family home in the dusty agricultural town of Yarloop, 125 […]
Chinese Investment in Latin America is the Key to Regional Growth Chinese investments in Latin America and the Caribbean will be Key to the growth and development of this region, especially for tourism and infrastructure, Colombian academic Jose Reyes Bernal Bellon said in an interview Tuesday. Chinese investments are “an added value that provides a […]
Donald Trump and RNC Begin Fundraising Donald Trump and the Republican National Committee (RNC) have sent out their 1st email fundraising pitch, focusing on small donors who contributed to the presumptive nominee’s primary campaign. “Our country doesn’t win anymore,” the e-Mail begins, using an often-used premise of the GOP presumptive nominee, and ends with a […]
Donald Trump, ” I think I have got Obama rattled.” $TRP Donald Trump turned the tables on US President Barack Hussein Obama Friday, telling the world that Obama is the one who’s “rattled.” Donald Trump responded to Mr. Obama’s assertion a day before that world leaders are rattled by Trump and have good reason to […]
Parents’ Basement, the Dwelling of Choice for Millennials In Y 2014, Americans 18 to 34 anni were a little bit likelier to be living in their parents’ home than with a spouse or partner in their own household, according to a Pew Research Center analysis of US Census Bureau data, released Tuesday. It is the 1st […]
Regulators Cannot Protect The World From Financial Crisis “Much of it is very bad. Much of it gives so much power to the regulators that the bankers are unable to function,” Donald Trump said Dodd-Frank regulations. Yale University Economics Professor and Nobel Laureate Robert Shiller says that no amount of regulation can really protect the […]
Donald Trump, “Let States Set the Minimum Wage.” Thursday night Donald Trump said that the states should set their own minimum wage. During an interview I watched last night Donald Trump said, “I like letting the states set the minimum wage.” Adding that the cost of living in each state is different, so they should […]
EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: The Buck recovered from fresh multi-month lows by the end of last week, although the negative sentiment towards the USD persists, after the release of a mixed April job’s report. According to the latest data, the world’s largest economy added just 160-K new jobs during the month, below market’s […]
Weak US Jobs Data Blows Fed’s Rate Hike Plans Out of the Water $DIA, $SPY, $QQQ, $VXX, $GLD Gold had the biggest gainer in a week after US employers added the fewest workers in 7 months, weakening the case for the US Fed to raise interest rates anytime soon. The 160-K gain in NFPs in […]
Donald Trump “Channels” FDR with New Deal Approach Donald Trump is set on fixing the USA’s crumbling infrastructure “channeling” FDR’s New Deal. Donald Trump’s plan to repair the United States’ aging/crumbling infrastructure, which includes roads, bridges, tunnels, and the power grid could end up moving him a bit to the left, because of the massive […]
The Week Ahead on Wall Street $PFE, $MRK Q-1 earnings season will be busy, with 124 members of the S&P 500 scheduled to report this week. Included in this group are DJIA components Pfizer (NYSE:PFE) Tuesday and Merck & Co. (NYSE:MRK) Thursday. Economic Reports The week’s 1st economic reports to Wall Street will be the April PMI […]
Katzenberg Agrees to Sell Dreamworks Animation $DWA, $CMCSA Dreamworks Animation (NASDAQ:DWA) CEO Jeffrey Katzenberg has found a buyer for his film studio. The Glendale, California animation company has reached an agreement with Comcast (NASDAQ:CMCSA) to be sold for than $3.8-B, sources confirmed late Thursday evening. The acquisition would fold DWA into an entertainment conglomerate that […]
Donald Trump Destroys Lie’n Ted Cruz In NY, CA & PA Donald Trump said Lie’n Ted Cruz does not have a shot at winning the GOP’s nomination. Donald Trump, in rallies before several thousand people Saturday in Syracuse and Watertown, fired home his message of jobs and the economy. He also kept alive his intense […]
Donald Trump, “I will turn our job market around, you can bet on it.” Donald Trump said in upstate New York Friday that he and Democratic presidential candidate Bernie Sanders shared similar views on how Americans have been badly affected by foreign trade deals, but that he was going “turn our job market around” by […]