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North American economy in retreat

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2 years 9 months ago #19 by lynnsa10
lynnsa10 replied the topic: North American economy in retreat
I guess that is why they need those phony jobs reports to keep the $ strong. I heard a good interview
with Dr Craig Roberts
kingworldnews.com/dr-paul-craig-roberts-...ailable-now-11-7-15/
He says even giving the # credit with the birth death rate model all the jobs created were low quality and the prime work force 25 and bit older lost another 100,000 jobs or so. Also zero manufacturing jobs

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2 years 9 months ago #17 by RonS
RonS replied the topic: North American economy in retreat
If you ever wondered if the US is concerned about the dollar, wonder no more. This is from an interview with Secretary of State John Kerry, it is back in August but I just happened to read it now

When asked about negotiating a better nuclear deal with Iran, this was part of his response

"Can you imagine trying to sanction them after persuading them to put in phased sanctions to bring Iran to the negotiating table, and when they have not only come to the table but they made a deal, we turn around and nix the deal and then tell them you’re going to have to obey our rules on the sanctions anyway? That is a recipe very quickly, my friends, businesspeople here, for the American dollar to cease to be the reserve currency of the world – which is already bubbling out there".

Read more: translations.state.gov/st/english/texttr...7.html#ixzz3pP0FpH00

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2 years 9 months ago #16 by RonS
RonS replied the topic: North American economy in retreat
China cut interest rates on Friday for a sixth time in a year to spur slowing economic growth.

The announcement came after growth slowed to a six-year low of 6.9 percent in the latest quarter, according to official figures, dragged down by weak global demand

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2 years 10 months ago #6 by RonS
RonS replied the topic: North American economy in retreat
Good point, we don't need more government spending. We need less spending and less government. All the burecracy is only choking business and the economy.

Canada is one of the few countries that did not QE and extra ordinary policies in the last few years and that is because our financial structure is more sound and our banks stronger thanks to all the nickle and dimimg fees imposed on all of us

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2 years 10 months ago #5 by lynnsa10
lynnsa10 replied the topic: North American economy in retreat
Not sure if many on here yet. I seen the Kevin O'leary peice from the home page. I am more concerned about more Liberal spending if they get in, as they are leading in Polls in Ont. Any other thoughts here?

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2 years 10 months ago #2 by RonS
RonS created the topic: North American economy in retreat
Philly Fed index shows further retraction in October

www.kitco.com/news/2015-10-15/Philly-Fed...tion-In-October.html

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