North American economy in retreat

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2 years 11 months ago #67780 by GoldnBoy
GoldnBoy replied the topic: North American economy in retreat
The quality of the new jobs is still poor. Also out Friday, US retail sales disappoint to the downside and come out flat. A good comment said it all

"Fed members are afraid to come out from under their rocks until growth is sustainably solid and inflation in, near or at their target, and today's reports don't provide them with any comfort that will happen soon," said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania.


www.reuters.com/article/us-usa-economy-idUSKCN10N1DL
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2 years 11 months ago #7566 by RonS
RonS replied the topic: North American economy in retreat
US jobs come in above expectations at 255,000. Not bad, only 112,000 with Birth/death rate model which is an average number. Have not looked at any detail in report yet

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2 years 11 months ago #4330 by GoldnBoy
GoldnBoy replied the topic: North American economy in retreat
Ron your latest newsletter about all the $$ going to Banksters and not the economy, here is more proof according to J.T. O'DONNELL ,Founder and CEO, CareerHMO.com

Entrepreneurship hit a 20-year low in America in 2014. Since then, we've seen a small rebound. But, there are still some serious concerns about the reduction in entrepreneurship as a whole. Many are saying it's why wages are so stagnant.

www.inc.com/jt-odonnell/how-the-lack-of-...pdates+%28Inc.com%29

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2 years 11 months ago #703 by Gambler
Gambler replied the topic: North American economy in retreat
"We reiterate our determination to use all policy tools - monetary, fiscal and structural - to achieve our goal of strong, sustainable, balanced and inclusive growth," leaders from the world's top economies declared in a joint communique on Sunday following a conference in Chengdu, China.

I guess that means they will do anything. I wonder how long before the $$Helicopters arrive

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3 years 1 week ago #677 by GoldnBoy
GoldnBoy replied the topic: North American economy in retreat
I know it is summer, fishing and vacation, but did anyone see that last BS job numbers???

For June USA say 287,000 jobs, but they kill the May number down to 11,000

Average of the 2 numbers is 149,000 - pretty sad and how desperate are they to create a headline number??

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3 years 4 weeks ago #583 by RonS
RonS replied the topic: North American economy in retreat
Turk says Banks drowing in bad debt, especially Europe, 18% of loans at Italian Banks not performing kingworldnews.com/the-world-is-headed-fo...eres-the-scary-part/

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3 years 1 month ago #504 by GoldnBoy
GoldnBoy replied the topic: North American economy in retreat
World Bank now projects U.S. growth at only 1.9% vs. 2.7% previously; Japan at 0.5%, down a full 100 basis points since the January projection.Chinese growth, however, is still estimated at 6.7%.

Like all official dome they always chase reality downwards and are too optomistic, but they also concerned Fed raises rates too quick

www.marketwatch.com/story/world-bank-tri...-forecast-2016-06-07

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3 years 1 month ago #502 by Gambler
Gambler replied the topic: North American economy in retreat
Mervyn King, the former head of the Bank of England, writes of central banks’ frustration in dealing with the stagnant global economy. “Central banks,” he says, “have thrown everything at their economies, and yet the results have been disappointing, Whatever can be said about the world recovery since the crisis, it has been neither strong, nor sustainable, nor balanced.”

www.usagold.com/cpmforum/2016/06/07/form...ting-gold-ownership/

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3 years 1 month ago #497 by RonS
RonS replied the topic: North American economy in retreat
More and more around the world, US data loses credibility

Egon von Greyerz: “On Friday we had another set of figures which although fake, still shocked the financial world. Non-farm payroll increased by only 38,000, massively lower than any forecast. But add to that 244,000 fictitious jobs created and 484,000 workers which were forced to go from full time to part time work, then we get to a reduction in full time jobs of 690,000!…

kingworldnews.com/legend-warns-crisis-is...-be-nowhere-to-hide/

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3 years 1 month ago #493 by RonS
RonS replied the topic: North American economy in retreat
Pretty dismal employment report today at just 38,000 and they still had to use near record high amounts of job creation with the magical birth death rate model - 224,000 what a joke
www.bls.gov/web/empsit/cesbd.htm

They used one of their other common tricks to and revised March and April downwards by 59,000 jobs

money.cnn.com/2016/06/03/news/economy/us...section=money_latest

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3 years 1 month ago #486 by GoldnBoy
GoldnBoy replied the topic: North American economy in retreat
Seems stupid they would consider a rate hike when bankruptcy and defaults are on a new uptrend and moving beyond commodities and oil - into retail and consumer companies , check this Bloomberg peice


www.bloomberg.com/news/articles/2016-05-...-outside-commodities
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3 years 1 month ago #478 by Gambler
Gambler replied the topic: North American economy in retreat
And check this out, markest up big today and Bullard pipes up about a rate hike

www.cnbc.com/2016/05/24/st-louis-fed-pre...-data-favorable.html

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