Average weekly work hours in the retail sector have fallen in the past 12 months.
But this is even as employment in the retail sector posted strong gains in the second half of last year, according to Paul Ashworth at Capital Economics.
Typically, the two move in tandem.
Ashworth writes that this can be attributed to a specific part of the Affordable Care Act (Obamacare). From the start of 2014, employers with more than 50 employees will [...]
Over the last three days, countries around the world have been publishing their manufacturing purchasing managers index (PMI) reports.
And the message around the world is clear: manufacturing activity decelerated sharply in April.
The U.S. and China are growing marginally, but both decelerated. Europe continues to be in sharp contraction. And even Germany saw its manufacturing sector begin to contract in April.
According to JP Morgan, the global manufacturing PMI fell to 50.5 in April, down from [...]
Another major storm has begun to cross the nation with areas of heavy snow, flooding rain and severe thunderstorms. The worst conditions with the storm may center over the Palm Sunday weekend.
Like many storms during the second half of the winter, this first major storm of the spring could threaten lives and property, bring significant travel disruptions and foil outdoor plans.
The storm will drive cold air southward over the Rockies [...]
From Liberty Blitzkrieg:
This is exactly the sort of arbitrary legislation that was used to punish Aaron Swartz and what ultimately led to his suicide.
I have many close friends whose parents fled the USSR in the second half of the 20th century, and all of them have told me that this is exactly what the Soviets did in order to make everyone a criminal by default. That way the government can [...]
Tired of all this bullishness, and talk about how there’s nothing to worry about anymore?
Don’t worry. That’s why God gave us Nouriel Roubini.
He has a new article at Project Syndicate that could pretty much be titled: Things still suck.
It’s actually titled The Economic Fundamentals of 2013 and, spoiler alert, he says the fundamentals aren’t good.
Roubini identifies four big risks to the global economy.
The US still hasn’t really gotten through its fiscal cliff/debt ceiling stuff.
from Russia Today:
Max Keiser and Stacy Herbert discuss the fact that markets don’t kill economies, banksters kill economies. They also discuss JP Morgan’s copper ETF in London and Blythe Masters, the well known hoar-der of commodities. In the second half of the show, Max Keiser talks to David Hales about the economics of bit torrent and the future of peer to peer banking.
Drones have taken centre stage in an escalating arms race betweenChina and Japan as they struggle to assert their dominance over disputed islands in the East China Sea.
China is rapidly expanding its nascent drone programme, while Japan has begun preparations to purchase an advanced model from the US. Both sides claim the drones will be used for surveillance, but experts warn the possibility of future drone skirmishes in the region’s airspace is “very high”.
Dent told CNBC this afternoon:
We think markets are going to go up for a while. I think Maria [Bartiromo] is right – the market wants to go up.
We’ll see one more correction into this second fiscal cliff. I think we’ll see another rally into March, April, May, or something. By the summer, we get another crash.
I think it’s going to be a choppy rally – up, down, up, down, with an upward bias. It’s [...]
In this episode, Max Keiser and Stacy Herbert discuss the economics of wealth and wage extinction. They talk about hunger wages, household income and the hedge funds reaping huge profits off this wealth and wage extinction. In the second half of the show, Max Keiser talks to Captain Paul Watson on a ship in the Southern Ocean in Antarctica fighting the economics of extinction as practised by the Japanese whaling [...]
RussiaToday, Published on Dec 29, 2012
In this episode, Max Keiser and Stacy Herbert argue over whether things are looking better or worse for the American worker. While Stacy argues that the return of some manufacturing is a sign that wealth creating jobs may return to the US, Max counters that the system is so corrupt that the chances of labor getting any cut of the wealth is nil and that the [...]
from Russia Today:
Max Keiser and Stacy Herbert discuss Hank Paulson sightings in Chicago and the Boxing Day presents for the global peasants from the global elite, including 45 bad banker apples (at UBS) and an attempt to part the people of India from their gold hoard. In the second half, Max Keiser talks to trends forecaster, Gerald Celente of TrendsResearch.com about the next American Revolution and Nehru jackets.
Watch the full Keiser Report (E383) on Saturday!
In this episode, Max Keiser and Stacy Herbert look at the the central bank revolution that will end in disaster with Japan leading the way after voters have demanded even more aggression with the nation’s monetary policy. They also look at Moody’s ratings getting no respect because nobody has done better than flipping a coin for 50 years in a slow burning prison. [...]
In this episode, Max Keiser and Stacy Herbert look at the shootout at the OK Bond Corral as sovereigns battle Wall Street — which in turn battles state pension funds — for the same piece of infinitely re-hypothecated garbage collateral. In the second half, Max Keiser talks to hedge fund manager and ‘Planet Ponzi’ author Mitch Feierstein about the bond market, central bank-induced deflation and the London property market.
Tuesday, December 11, 2012
We look at the latest BIS warning of a global credit bubble caused by zero percent interest rate policies meant to appease the angry hidden people in the shadow banking system. In the second half, Max Keiser talks to David Smith of GenevaBusinessInsider.blogspot.com about the Swiss currency peg, the global game of honesty limbo in the financial sector and hoping that midnight never comes for Alice [...]
from Russia Today:
Max Keiser and Stacy Herbert look at the latest BIS warning of a global credit bubble caused by zero percent interest rate policies meant to appease the angry hidden people in the shadow banking system. In the second half, Max Keiser talks to David Smith of GenevaBusinessInsider.blogspot.com about the Swiss currency peg, the global game of honesty limbo in the financial sector and hoping that midnight never comes for [...]
from Russia Today:
Max Keiser and Stacy Herbert note that the bell has rung for the bond market top as one of the biggest private equity funds in the world is seeking ‘ordinary’ investors to assume their long term interest rate risk. In the second half, Max Keiser talks to Ian Williams of Charteris Treasury Portfolio Managers about his forecast for silver prices to rise five fold in the next 3 three [...]
In the latest Keiser Report, Max Keiser and Stacy Herbert present the two year anniversary special of their Crash JPM, Buy Silver campaign. They discuss JP Morgan doing everything to protect the Queen of their massive silver short position – a position that has DOUBLED in the past two years according to Rob Kirby of GATA and Kirby Analytics. They also discuss Central Banks pulling on their own little bungee cords by printing [...]
In the latest Keiser Report, Max Keiser and Stacy Herbert discuss Goldfinger at the New York Fed in Lower Manhattan where Germany’s gold did not dissolve in the Hurricane Sandy floods, but $13 trillion in paper assets did. They also discuss Treasury secretaries and Goldman CEOs as the stuff of nightmares. In the second half, Max Keiser talks to our good friend Ned Naylor-Leyland about Germany’s gold, JP Morgan’s shorts and Bart [...]
In this episode, Max Keiser and Stacy Herbert discuss punk rock ‘Tall Paul’ giving the two finger salute to Ben Bernanke’s QE3 and gold adjusting for zero growth, yield, velocity and confidence. In the second half of the show, Max Keiser talks to Detlev Schlichter of PaperMoneyCollapse.com about quantitative easing to infinity, Central Banking ‘devils’ and the future for the gold standard.
In a new report, S&P estimates that U.S. GDP growth will decelerate in the second half.
They forecast 2012 GDP growth of 2.2% 2012 and 1.8% in 2013.
“Our expectation for the chances of another U.S. recession is about 20%-25%,” said S&P’s Deputy Chief Economist Beth Ann Bovino. “Chances of a quick turnaround are around 15%.”
More to come…
Read more: http://www.businessinsider.com/sp-20-to-25-chance-of-a-us-recession-2012-9#ixzz2786c9IJh
In this episode, Max Keiser and Stacy Herbert discuss flash crashes, reputation woes on the U.S. exchanges and sheep screaming at all the fraud. Max also talks to one of the Queen’s sheep for its opinion on quantitative easing. In the second half of the show, Max Keiser talks to Jim Rickards, author of Currency Wars, about QE to infinity, the dollar, the euro and a gold standard.
Follow Max Keiser [...]
For much of the second half of the 20th century, economists from James Tobin, the noted Keynesian, and Milton Friedman, the noted monetarist, critiqued theFederal Reserve‘s monetary policy during the Great Depression. It’s a tradition thatBen Bernanke pursued as an academic before he came to Washington.
Until recently, the questions seemed irrelevant to modern policy decisions. But then came deflation scares and a global financial crisis that came all too close to the forces [...]
In the latest Keiser Report, Max Keiser and Stacy Herbert discuss Jamie Dimon’s collateral transformation desk feeding the multitude of banksters with five quadrillion in infinitely leveraged toxic derivatives and two Treasury bills of a bankrupt nation.
In the second half of the show, Max Keiser talks to Joshua Mellors of SocialJusticeFirst.com about financial suicides and the government and banking policies that cause it.
Full Keiser Report E340 now online http://on.rt.com/fbiuro
In this episode, Max Keiser and Stacy Herbert discuss David Cameron appointing former bankers to Treasury. We look at another former banker who became a Treasury Secretary only to become a bankster – Robert Rubin – and his role in Citigroup bilking Abu Dhabi of billions. In the second half of the show, Max Keiser talks to Reggie Middleton about Facebook, fraud and financialization.