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Phoenix68

Back, Before The Average-Teabagger Could Read....

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"The number of Americans filing new claims for unemployment benefits fell last week to nearly its lowest level since before the 2007-09 recession, a sign of growing steam in the U.S. labor market.

Initial claims for state unemployment benefits dropped 1,000 to a seasonally adjusted 287,000 in the week ended Oct. 4, the Labor Department said on Thursday. Economists had expected claims to rise.

The data adds to the view that strength is building in the U.S. economy. "The labor market is entering into a potential boom," said Joseph LaVorgna, chief U.S economist at Deutsche Bank in New York.

Many economists think the economy grew at an annual rate of around 3 percent in the July-September period, much faster than average rates over the last few years."

 

 

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"The number of Americans filing new claims for jobless benefits fell to a 14-year low last week, while industrial output rose sharply in September, positive signals that could help ease fears over the economic outlook.

Initial claims for state unemployment benefits dropped 23,000 to a seasonally adjusted 264,000, the lowest level since 2000, the Labor Department said on Thursday.

A separate report from the Federal Reserve showed production at the nation's factories, mines and utilities advanced a larger-than-expected 1.0 percent last month, the biggest gain since November 2012. Manufacturing output rose a solid 0.5 percent.

The data suggested the economy remained on solid ground, with the labor market gaining steam. Investors in recent days have come to the view that slowing growth overseas will weigh on the U.S. economy and force the Fed to delay a hike in interest rates."

 

 

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Housing Recovery!!!
October 17, 2014
 


"U.S. housing starts and permits ro$e in September, a signal the market's modest recovery is supporting what appears to be growing $trength in the broader economy.

Groundbreaking rose 6.3 percent to an annual 1.02 million-unit pace, the Commerce Department said on Friday.

Economists polled by Reuters had forecast a slightly smaller gain.

Housing is clawing back after it imploded during the 2007-2009 financial crisis and recession. It suffered a setback last year when interest rates spiked, but rates have been falling lately.

The average 30-year mortgage rate dropped last week to its lowest level since June 2013, and the level of housing starts is not far from a seven-year high.

"If you look at the trend, you are still seeing an upward trajectory," said Michelle Meyers, an economist at Bank of America Merrill Lynch in New York."

 

 

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"U.S. consumer sentiment ro$e in October to the highest in more than seven years, boosted by views on personal finances and the national economy, a survey released on Friday showed.

The Thomson Reuters/University of Michigan preliminary October reading on the overall index on consumer sentiment came in at 86.4, the highest since July 2007. The gains were unexpected, as a Reuters survey showed a forecast for a slip to 84.1 from last month's 84.6 reading.

"The data show absolutely no signs that fear and panic is about to overtake the consumer sector," survey director Richard Curtin said in a statement, referring to "broader concerns about the global economic meltdown, escalating military conflicts, and rising concerns about Ebola."

The survey's gauge of consumer expectations also rose to hit 78.4, the highest since October 2012, from 75.4 and beating a forecast for 74.4."

 

 

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Booming Home Solar Market!!!
October 22, 2014
 

"For years, the utilities responsible for providing electricity to the nation have treated residential solar systems as a threat. Now, they want a piece of the action, and they are having to fight for the chance.

If utilities embrace home solar, their deep pockets and access to customers could transform what has been a fast-growing, but niche industry. Solar powers only half a million U.S. homes and businesses, according to solar market research firm GTM Research.

But utility-owned rooftop systems represent a change the solar installation companies who dominate the market don't want, and whether the two sides can compromise may determine if residential solar truly goes mainstream.

In Arizona, the state's largest utility has proposed putting solar panels on 3,000 customers' homes, promising a $30 monthly break on their power bills. In New York, regulators are weighing allowing utilities to get into the solar leasing business to meet the state's aggressive plan to incorporate more decentralized, renewable power onto the grid.

That's a change from the industry's recent skepticism of residential solar."

 

 

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GDP Expands 3.5%!!!
October 30, 2014
 


"The U.S. economy expanded steadily, again, during the third quarter, a sign of sustained growth fueled by American consumers and businesses despite mounting concerns about the health of overseas economies.

Gross domestic product, the broadest measure of goods and services produced across the economy, advanced at a seasonally adjusted annual rate of 3.5% in the third quarter, the Commerce Department said Thursday. Economists surveyed by The Wall Street Journal had forecast growth at a 3.1% pace for the quarter.

The report showed broad-based gains across the economy despite a drop in inventories. Trade boosted growth as imports fell, while government spending, which has been a drag on growth over the past three years, turned up during the quarter. Consumer spending and business investment held steady, though housing continues to underwhelm.

The growth follows an uneven first half of the year. The economy expanded at a 4.6% annual pace in the second quarter after it contracted at a 2.1% pace during the first quarter.

Thursday’s report showed that inflation-adjusted GDP rose 2.3% from one year earlier. Economic growth during the current expansion has been modest by the country’s historical standards, and yet it may prove to be the envy of many other advanced economies right now outside of China."

 

 

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Good Economic New$!!
November 21, 2014


"Discouraging economic data out of Europe and China stoked worries of a global economic slowdown that sent stocks lower in early trading. But investors shrugged off those concerns, reassured by the positive U.S. economic reports.

"Housing was good, leading indicators were good, manufacturing was good," said Doug Cote, chief market strategist at Voya Investment Management.

Traders also drew encouragement from retailers including Best Buy, Dollar Tree and Kirkland's that reported better-than-expected earnings. Third-quarter earnings for companies in the S&P 500 are at an all-time high.

"That's a signal for investors that the fundamentals are solid behind this market," Cote said."

 

 

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3rd Quarter Growth; $TRONGER THAN EXPECTED!
November 25, 2014

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"The nation’s economic output grew at an even faster rate during July, August and September than the government initially estimated, giving the economy its strongest six-month performance in more than a decade.

The intense focus on the coming shopping frenzy as the holiday period begins this week almost made interest in the economy’s third-quarter performance seem like an exercise in nostalgia. But the Commerce Department’s release on Tuesday of its revised estimate of gross domestic product — the broadest measure of goods and services produced across the nation — showed that consumers had already stepped up their pace of purchasing.

“The thing I was most encouraged by was the pickup in business investment spending,” said Jerry Webman, chief economist at Oppenheimer Funds, “That says business confidence is building, and that we should expect to see hiring continue.”

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"For the first time since 2007, a majority of Americans think things are going well in the nation, a new CNN/ORC International poll found.

It's a slim majority — just 52 percent of Americans said things are going well, while 48 percent said things are going badly
crazy%20dude.gif  — but it's the most positive appraisal of the state of the nation that the poll has found since January of 2007.

And it marks consistent improvement in the mood of the nation over the past few months, despite a series of national security crises and continued gridlock in Washington. In September, 50 percent of respondents said things were going well.

Economic sentiments have improved over the past year as well. Though just one-third of Americans believe the nation's economy is starting to recover, that marks an 8-point increase from a year ago, when 24 percent said the same.

A plurality, 41 percent, say the economy has stabilized, a 5-point improvement from November of 2013.

And just 26 percent of Americans say the country's economic conditions are getting worse, a decline from the 39 percent who said so in 2013."

 

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Dreary Days For U.S. Economy
MAY BE OVER!!!

December 1, 2014


 

"After years of disappointment, America's economy may truly be on track.

That's the belief of one of America's top economic policymakers, New York Fed President William Dudley.

Despite some headwinds, Dudley is optimistic that America could grow closer to 2.5% to 3% in the coming year instead of the ho-hum 2% growth that has been a hangover of the Great Recession.

"The U.S. economic outlook looks brighter, with growth likely to be somewhat above the trend of the past five years," Dudley said in a speech on Monday

In fact, Dudley thinks the economy could soon be healthy enough for the central bank to lift interest rates off the ground.

He pointed to a number of issues that have gone from the equivalent of traumatic injuries to mere bumps and bruises."

george-bush-looking-stupid.jpg

 

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Factories HUMMING In The U.S.!!!
December 1, 2014


 

"Manufacturing growth in the U.S. barely skipped a beat in November, holding near the strongest pace in three years, as the worlds largest economy rose above a global slowdown.

The Institute for Supply Management’s factory index was little changed at 58.7 last month, the second-strongest level since April 2011, compared with 59 in October, the Tempe, Arizona-based group reported today. Readings greater than 50 indicate expansion.

Orders over the past four months have been the strongest in a decade as growing demand from American clients makes up for any letdown among foreign customers. Figures yesterday showing retailers struggled to lure shoppers during the first weekend of the holiday season raise concern that the pace of growth will be difficult to sustain heading into 2015.

“Whatever is happening abroad, this sector seems to be shrugging it off,” said Guy Berger, a U.S. economist at RBS Securities Inc. in Stamford, Connecticut, who projected a reading of 58.5. “There’s still a fair amount of momentum in the U.S. manufacturing sector.”

American producers keep powering ahead at the same time their global competitors slow. Manufacturing in Germany, France and Italy unexpectedly contracted last month, according to purchasing managers’ gauges. An index of Chinese manufacturing fell as mandatory plant shutdowns during the Asia-Pacific Economic Cooperation forum aggravated a pullback in the economy.

One standout internationally was the U.K., where manufacturing growth unexpectedly accelerated in November to the fastest pace in four months as domestic demand strengthened."

 

super%20obama.jpg

 

 

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"The combination of sanctions and plummeting oil prices is catching up with Russia’s economy, wobbly in the best of times for its overreliance on commodity exports.

Western sanctions over Russia’s annexation of the Crimea Peninsula and its backing of rebels in eastern Ukraine have crippled Russian banks by restricting them to short-term credit. Oil and natural gas make up about 60 percent of Russia’s export earnings."


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Stronger Dollar To Make Way Into Stores; Aiding Consumers

 

"The strongest dollar in more than 11 years is coming soon to stores across the U.S.!!!

 

The 24 percent surge in the currency since June will take time to gradually ripple through the world’s largest economy, first showing up in lower costs for goods imported by American companies and then in the prices paid by consumers, according to economists at Barclays Plc, Goldman Sachs Group Inc. and JPMorgan Chase & Co. That means the dollar will be the next check on inflation, replacing oil as fuel costs stabilize.

 

“The energy price pass-through should begin to wane by the end of the first quarter,” said Michael Gapen, the New York-based chief U.S. economist for Barclays. “The peak drag from the dollar will come in the second and third quarters.”

 

Clothing, electronics and automobiles are among the items that will probably carry smaller price tags as the greenback’s appreciation works its way to store shelves and dealer showrooms. That will give an added boost to household buying power, which is already benefiting from the lowest gasoline prices in six years and larger job gains.

 

“You can’t expect a better environment for consumers,” said Gregory Daco, lead U.S. economist at Oxford Economics in New York. Combined with cheaper fuel, “the stronger dollar is an additional layer of downward pressure on inflation.”

 

 

https://www.liberalforum.org/topic/173552-obamaccompliment/?hl= obama accomplishments

 

 

 

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Obama UN-Caps THE GULF!!!

October 28, 2013


"The Gulf of Mexico, stung by the worst offshore oil spill in U.S. history in 2010 and then overshadowed by the onshore fracking boom, is on the verge of its biggest supply surge ever, adding to the American oil renaissance.

Over the next three years, the Gulf is poised to deliver a slug of more than 700,000 barrels per day of new crude, reversing a decline in production and potentially rivaling shale hot spots like Texas's Eagle Ford formation in terms of growth.

 

Rising domestic production and the start of natural gas exports may transform the economy and realign geopolitics as U.S. reliance on foreign oil declines.

 

The resurgence in the Gulf is occurring even though the U.S. government imposed stringent safety and environmental rules after BP Plc’s (BP.L) Macondo spill."

 

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U.S. Budget Deficit Shrinks

May 15, 2013


"Since the recession ended four years ago, the federal budget deficit has topped $1 trillion every year. But now the government's annual deficit is shrinking far faster than anyone in Washington expected, and perhaps even faster than many economists think is advisable for the health of the economy.

That is the thrust of a new report released Tuesday by the nonpartisan Congressional Budget Office, estimating that the deficit for this fiscal year, which ends on Sept. 30, will fall to about $642 billion, or 4 percent of the nation's annual economic output, about $200 billion lower than the agency estimated just three months ago.

The agency forecast that the deficit, which topped 10 percent of gross domestic product in 2009, could shrink to as little as 2.1 percent of gross domestic product by 2015a level that most analysts say would be easily sustainable over the long run — before beginning to climb gradually through the rest of the decade.

"Revenues have been strong as the economy has outperformed a bit," said Joel Prakken, a founder of Macroeconomic Advisers, a forecasting firm based in St. Louis.

Over all, the figures demonstrate how the economic recovery has begun to refill the government's coffers. At the same time, Washington, despite its political paralysis, has proved remarkably successful at slashing the deficit through a variety of tax increases and cuts in domestic and military programs."

 

 

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Major In$urer$ Refund California Small Businesses; $36 Million!!

June 5, 2013


"On Tuesday, Golden State small businesses and their employees got some great news: two of the state’s largest insurers will have to give them over $36 million in insurance rebates because of an Obamacare consumer protection.

The health law forces insurers to spend at least 80 percent of the premiums they charge on paying for actual medical services, rather than administrative overhead or profits. That means more money for ordinary consumers — and less for profitable insurance companies.

The so-called “80/20 rule” put $1.5 billion back into Americans’ pockets in 2011 alone. The average rebate was $151 per family across all insurance markets, and in states where insurers blatantly gouged prices, average rebates topped a whopping $500 per family.

Now, the benefits for Californians with small business health plans are beginning to materialize. Blue Shield of California will be forced to pay back $24.5 million in rebates. Anthem Blue Cross will have to pay back another $12 million.

While cheering the latest numbers as a victory for California small businesses and their employees, consumer advocates argue that the insurance industry should try harder to proactively lower costs for companies and individuals."

 

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cryingteabagbaby.jpg

"Benghazi!!  Benghazi!!  Benghazi!!  Benghazi!!"

 

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"Employers stepped up hiring a bit in May in a show of economic resilience that suggests the Federal Reserve could begin to scale back its monetary stimulus later this year.


The United States added 175,000 jobs last month after adding only 149,000 in April, the Labor Department said on Friday.

The pickup in hiring came despite tax hikes and sweeping budget cuts enacted earlier in the year. The unemployment rate ticked a tenth of a point higher to 7.6 percent, but only because more Americans began to hunt for jobs.

"The labor market continues to trudge forward," said Jim Baird, an investment officer for Plante Moran Financial Advisors in Kalamazoo, Michigan."


 

 

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On 1/22/2018 at 3:20 PM, sole result said:

Phoenix68, dare live in the present and stop living the glory days of people will believe anything is possible. Know the real limitations to being eternally separated while self contained to living simultaneously now.

Know the real limitations to being eternally separated while self contained to living simultaneously now.

===================================================================================

Is there any possible way that anyone could live now and not be simultaneous about it?

p8I3JXe.jpg

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For-Profit SLAP-DOWN!!
June 21, 2013


"Four state health insurers will return a total of $57.5 million to small employers and individuals over the coming weeks because too much of the premium dollars they collected last year went into administrative expenses and surpluses rather than medical care."

 

 

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DOMESTIC OIL-PRODUCTION SOARING,

UNDER PRESIDENT OBAMA!

October 7, 2013

 

"The United States will pass Russia this year to lead the world in production of oil and natural gas, the U.S. Energy Information Administration reports.

 

America has been closing in on Russia since 2008 thanks to a boom in both oil and gas production, primarily on private lands. This year it’s on track to out-produce it by a substantial margin. Saudi Arabia is third overall and remains the world’s largest oil producer—though the United States may be on track to take that title as well.

 

“This is a remarkable turn of events,” the head of the EIA told the Wall Street Journal. “This is a new era of thinking about market conditions, and opportunities created by these conditions, that you wouldn’t in a million years have dreamed about.”

 

As recently as 2007, economists were writing things like, “the amount of oil produced in America each year has been on a path of inexorable decline now for two generations.” Turns out the path was exorable after all. All it took was a whole lot of fracking. As the Guardian notes, Russia has vast shale formations, but “has lagged behind the United States in its embrace of horizontal drilling and hydraulic fracturing to get at the oil and gas.”

 

http://www.slate.com/blogs/future_tense/2013/10/07/world_s_leading_oil_gas_producer_us_passes_russia_under_obama_administration.html

 

 

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