I am marking the start of this latest Recession as now so that Republicans can't say it didn't start under Bush like they tried to pin the last one on Bill Clinton:
10-17-2007 Home starts at 14 year low, CPI up on energy
U.S. home construction starts fell in September to their lowest level in more than 14 years, while consumer prices rose at the sharpest rate in four months, separate reports showed on Wednesday.
Weak housing data boosted U.S. government bond prices and the U.S. dollar slipped versus euro and yen as some investors saw the data as a sign of continuing headwinds for the economy.
So far in 2007, consumer prices have risen at a 3.6 percent annual rate, well ahead of the 2.5 percent increase registered for all of 2006 and likely enough to keep Federal Reserve policy-makers concerned about the potential for a flare-up in inflation.
===============================================
10-1-2007 Sadly more Police Officers are being gunned down and killed in the line of duty than more than 30 years.
Must be the great economy
================================================
Can the rich save the world from what the GOP has done?
Doesn't look that way.
I said back at least as sar as 2002 this will make the 1929 crash look like a walk in the park:
8-12-2007 U.S. homeowner woes felt around world
From New York to Frankfurt to Tokyo, markets were jolted in the past week by fears that Americans are failing to keep up with their mortgage payments and the ripple effects that could have on the global banking and financial system.
The Wall Street stock market crash of 1929 and the Great Depression affected the entire world, and helped create the conditions for the rise of fascism in Europe.
=======================================================
Economy thread:5-31-07 Rich have best day ever, S&P sets new record while Economy back to 2002 levels
Ever growing Gap between rich and poor
4-24-07 Today's big news items
Existing home sales lowest in over 20 years.
Toyota now number one.
I'm sure both are somehow all the Democrat's fault.
=========================================
I don't know what to write that won't be considered "trolling" now.
Only pointing out how the U.S. has fallen from the top spot on so many fronts including this one.
Latest news is has Mexican businessman saying how "inefficient" the Gates and Buffet Foundations are and don't do anything towards solving poverty.
Guess he doesn't realize that is not the goal of the foundations, they are just tax shelters for the rich so they don't have to pay their fair share of taxes.
-----------------------------------------
[/b]
New Economy thread. My last one dated back to 2004.
Old thread Topic Title: Economy:4-4-07 Rich lose confidence in stock market
Many of the things I predicted in that thread are coming to roost now.
Back in 2004 many in here said I was seeing things with the empty subdivsions, interesting now it's front page news.
Well hell, I'm not surprised. I should be getting paid the big bucks since these so called experts are clueless.
4-10-2007 Fed's Plosser: U.S. economy weaker than expected
Philadelphia Federal Reserve Bank President Charles Plosser said on Tuesday that the U.S. economy is not as strong as the Fed had expected two months ago and prices remained higher.
Personal consumption and employment were strong but business investment was weaker, Plosser said in response to a question after delivering a speech to business and economic students at the University of Delaware.
====================================================
Certainly looking like a nasty Economy crash is looming very close on the horizon.
What is holding it up???
Borrowing Borrowing Borrowing. That's not going to keep the head above water forever.
=======================================================
11-10-2005 U.S. Owes China, Canada, South America, Central America and Oil Barons At Record Levels and more than 500,000 Americans lose their jobs last week alone
WASHINGTON - The trade deficit soared to a record in September as the Gulf Coast hurricanes helped push America's foreign oil bill to an all-time high.
The politically sensitive deficit with China also set a record.
In other economic news, the government reported that the number of Americans who have lost their jobs because of the string of devastating Gulf Coast hurricanes rose to 542,000 last week. Last week's increase included 15,000 applications for jobless benefits related to Katrina and Rita and 6,000 attributed to Hurricane Wilma.
The increase of 21,000 hurricane-related jobless claims came out of a total of 326,000 new applications for jobless benefits filed last week, an increase of 2,000 from the previous week. That was a worse-than-expected showing. Analysts had been expecting overall claims to decline last week.
In addition to the record deficit with China, America's trade imbalance with Canada also set a record, rising to $7.4 billion.
America's deficit with the countries of South and Central America also set a record at $4.99 billion.
10-17-2007 Home starts at 14 year low, CPI up on energy
U.S. home construction starts fell in September to their lowest level in more than 14 years, while consumer prices rose at the sharpest rate in four months, separate reports showed on Wednesday.
Weak housing data boosted U.S. government bond prices and the U.S. dollar slipped versus euro and yen as some investors saw the data as a sign of continuing headwinds for the economy.
So far in 2007, consumer prices have risen at a 3.6 percent annual rate, well ahead of the 2.5 percent increase registered for all of 2006 and likely enough to keep Federal Reserve policy-makers concerned about the potential for a flare-up in inflation.
===============================================
10-1-2007 Sadly more Police Officers are being gunned down and killed in the line of duty than more than 30 years.
Must be the great economy
================================================
Can the rich save the world from what the GOP has done?
Doesn't look that way.
I said back at least as sar as 2002 this will make the 1929 crash look like a walk in the park:
8-12-2007 U.S. homeowner woes felt around world
From New York to Frankfurt to Tokyo, markets were jolted in the past week by fears that Americans are failing to keep up with their mortgage payments and the ripple effects that could have on the global banking and financial system.
The Wall Street stock market crash of 1929 and the Great Depression affected the entire world, and helped create the conditions for the rise of fascism in Europe.
=======================================================
Economy thread:5-31-07 Rich have best day ever, S&P sets new record while Economy back to 2002 levels
Ever growing Gap between rich and poor
4-24-07 Today's big news items
Existing home sales lowest in over 20 years.
Toyota now number one.
I'm sure both are somehow all the Democrat's fault.
=========================================
I don't know what to write that won't be considered "trolling" now.
Only pointing out how the U.S. has fallen from the top spot on so many fronts including this one.
Latest news is has Mexican businessman saying how "inefficient" the Gates and Buffet Foundations are and don't do anything towards solving poverty.
Guess he doesn't realize that is not the goal of the foundations, they are just tax shelters for the rich so they don't have to pay their fair share of taxes.
-----------------------------------------
[/b]
New Economy thread. My last one dated back to 2004.
Old thread Topic Title: Economy:4-4-07 Rich lose confidence in stock market
Many of the things I predicted in that thread are coming to roost now.
Back in 2004 many in here said I was seeing things with the empty subdivsions, interesting now it's front page news.
Well hell, I'm not surprised. I should be getting paid the big bucks since these so called experts are clueless.
4-10-2007 Fed's Plosser: U.S. economy weaker than expected
Philadelphia Federal Reserve Bank President Charles Plosser said on Tuesday that the U.S. economy is not as strong as the Fed had expected two months ago and prices remained higher.
Personal consumption and employment were strong but business investment was weaker, Plosser said in response to a question after delivering a speech to business and economic students at the University of Delaware.
====================================================
Certainly looking like a nasty Economy crash is looming very close on the horizon.
What is holding it up???
Borrowing Borrowing Borrowing. That's not going to keep the head above water forever.
=======================================================
11-10-2005 U.S. Owes China, Canada, South America, Central America and Oil Barons At Record Levels and more than 500,000 Americans lose their jobs last week alone
WASHINGTON - The trade deficit soared to a record in September as the Gulf Coast hurricanes helped push America's foreign oil bill to an all-time high.
The politically sensitive deficit with China also set a record.
In other economic news, the government reported that the number of Americans who have lost their jobs because of the string of devastating Gulf Coast hurricanes rose to 542,000 last week. Last week's increase included 15,000 applications for jobless benefits related to Katrina and Rita and 6,000 attributed to Hurricane Wilma.
The increase of 21,000 hurricane-related jobless claims came out of a total of 326,000 new applications for jobless benefits filed last week, an increase of 2,000 from the previous week. That was a worse-than-expected showing. Analysts had been expecting overall claims to decline last week.
In addition to the record deficit with China, America's trade imbalance with Canada also set a record, rising to $7.4 billion.
America's deficit with the countries of South and Central America also set a record at $4.99 billion.
Facebook
Twitter