WASHINGTON (AP) — The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years and giving President Barack Obama a potential boost with the election a month away.
The rate declined from 8.1 percent because the number of people who said they were employed soared by 873,000 — an encouraging sign for an economy that’s been struggling to create enough [...]
The published polling in this year’s presidential race is unusually inaccurate because this is the first election in which who votes determines how they vote. Obama’s massive leads among blacks, Latinos, young people, and single women vie with Romney’s margin among the elderly, married white women, and white men. Tell me your demographic and I’ll tell you who you’re voting for and I’ll be right at least two times out [...]
July was the hottest month ever recorded in the continental U.S. Some areas were 8 degrees warmer than average, with the average temperature in the lower 48 states at 77.6 degrees Fahrenheit, 3.3 degrees above the 20th century average.
Spring 2012 saw the warmest march, third-warmest April and second-warmest May in history, and was approximately 5.2 degrees Fahrenheit above average overall.
Through late June 2011, daily record highs were outnumbering daily record [...]
Four years and three months ago I stumbled upon an extensive archive of ten-year-old posts by anonymous writers with names like ANOTHER, FOA and ARISTOTLE. Prior to that momentous stroke of luck, I’d been poring over anything and everything I could find that was attempting to explain a series of events that I found very troubling.
I had already been exposed to personal losses a year earlier due to the reversal [...]
here are plenty of things to be fearful of these days: Europe could go back to explode mode at any second. US political uncertainty. A downturn in US data, etc.
But investors are showing plenty of signs of not caring.
From the latest note from BTIG’s Dan Greenhaus comes an important observation about the VIX, the index which measures how much investors are willing to pay for downside protection via options. It’s sometimes [...]
The U.S. economy expanded at a slower pace in the second quarter as a softening job market prompted Americans to curb spending.
Gross domestic product, the value of all goods and services produced, rose at a 1.5 percent annual rate after a revised 2 percent gain in the prior quarter, Commerce Department figures showed today in Washington. The median forecast of economists surveyed by Bloomberg News called for a 1.4 percent increase. Household purchases, [...]
Saturday, June 9, 2012
In the course of August and September 2010, I wrote several articles for Infowars on the Rockefeller Foundation’s admitted funding and developing of anti-fertility vaccines intended for “mass-scale distribution.” As the soft-kill depopulation agenda accelerates it seems all the more relevant to re-post these articles as one.
1- Rockefeller Foundation Developed Vaccines For “Mass-Scale” Fertility Reduction
In its 1968 yearly report, the Rockefeller Foundation acknowledged funding the development of [...]
If you have ever wondered how common your birthday is, look no further.
A heat graph, which corresponds the number of births on any given day to light and dark squares, effectively shows how American birthdays rate against each other.
Using Harvard University data, the graph shows September 16 as the most common birthday in the U.S., while December 25 and February 29 are the least common.
The heat graph, while telling you how [...]
“You may know that I dissented from the FOMC decisions in August and September because it was not clear to me that increasing monetary policy accommodation was appropriate then. After all, inflation was higher and unemployment was lower relative to the previous year, as we have been discussing. Since that time, unemployment has decreased further, and inflation is above target. While I believe monetary accommodation is still called for, in [...]
From Frank Holmes of U.S. Global Investors:
One catchy investing maxim that’s popular this time of year is “sell in May and go away,” the notion that investors should cash in their investments and take the summer off. Historically, this hasn’t been a bad strategy. You can see from this chart that June, July, August, and September have been the worst four months of the year for the S&P 500 Index [...]
Nearly seven years on and the effects of Hurricane Katrina are still being felt along the Gulf Coast and New Orleans.
More than 20 mobile home manufacturers have agreed to pay $14.8 million to thousands of U.S. hurricane victims who said they were harmed by formaldehyde in the trailers.
Lawyers for the plaintiffs, who lived in trailers after being left homeless by Gulf Coast hurricanes Katrina and Rita, filed the preliminary settlement [...]
March 26, 2012
In the course of August and September 2010, I wrote several articles for Infowars on the Rockefeller Foundation’s admitted funding and developing of anti-fertility vaccines intended for “mass-scale distribution.” As the soft-kill depopulation agenda accelerates it seems all the more relevant to re-post these articles as one. I ask the great Infowars-readership to project this information out to as many people as possible. Only by countering the [...]
This article originally appeared on The Daily Capitalist.
There is a lot of good news to buoy the markets and give cheer to the public. We hear that new jobless claims are down another 15,000 to 358,000, the ninth week of declines out of the last ten, finally breaking below the 400,000 mark. A reduction in unemployment is a very positive sign and is politically significant. Also Gallup released its latest economic confidence poll and it [...]
With the near record October hope rally a distant memory now, the hope that hedge funds participated in it is also just that. Alas, while most hedge funds exhibited a more than 1x beta on the way down in August and September, most were lucky to get half the upside on the way up in October at best. While there are some outlier surprises, unfortunately it is the ones [...]
J.P. Morgan Chase & Co. will give investors an early glimpse of how market volatility and stifled trading this summer shaped the bottom line of U.S. banks.
J.P. Morgan JPM [...]
by Tony Pallotta of Macrostory.com
Dramatic title I realize but look at the charts below and ask yourself if this is purely coincidence or something more telling. Regulars to this site have read posts comparing the current market to that of late 2007. From equities to credit markets to volatility and more the similarities across asset classes has been rather striking.
The basis for these comparisons [...]
By Matt Andrejczak
SAN FRANCISCO (MarketWatch) — Don’t expect price relief at the grocery store anytime soon. Food inflation will persist in 2012, the U.S. Agriculture Department indicated in an updated forecast released Monday.
Food prices next year are expected to increase 2.5% to 3.5%, compared with 2011’s projected 3%-to-4% gain. Still, the cost of food at supermarkets and restaurants will remain “slightly” above the long-term [...]
The national average for a price of self-serve unleaded gasoline at $3.51, says the Lundberg Survey.
(CNN) — U.S. gasoline prices increased nearly 33 cents in two weeks, the second-biggest two-week jump in the history of the gasoline market, according to a new survey of filling stations.
The latest Lundberg Survey of cities in the continental United States was conducted Friday. It showed the national average for a [...]
We are in late stage capitalism and the crony-capitalists are running the show. The system is broke the problems with the banks booking phantom income continues as it did in 2007.Â We can expect the largest bonuses in banking industry this year yet again and why not after all, these modern thieves with a mandate of “untouchable” have nothing else in their minds to do but to [...]
By Charlie Weston
Thursday October 21 2010
THE average price of a house dipped below â‚¬200,000 for the first time since 2002, new figures reveal.
A buyer of a house can now expect to pay â‚¬190,698, a national house price level not seen for eight years.
House prices peaked at â‚¬311,000 three years ago.
But since then they have continued to fall and are now down 36pc from their peak at the start of 2007.
“Market Still Deluding Itself That It Can Escape The Inevitable Denouement
By Albert Edwards
The current situation reminds me of mid 2007. Investors then were content to stick their heads into very deep sand and ignore the fact that The Great Unwind had clearly begun. But in August and September 2007, even though the wheels were clearly falling off the global economy, the S&P still managed to rally 15%! The recent reaction [...]
1) Spain Sees Bond Spreads Rise
“Wary investors pushed up Spain’s borrowing costs on Wednesday as a debt downgrade from last week cast a shadow over the country’s efforts to avoid a Greek-style debt crisis. Good news on the jobs market seemed to give markets little cheer.
The spread Ã¢â‚¬â€ the difference in the interest rates between the Spanish bond and its German equivalent Ã¢â‚¬â€ reached 176 basis [...]