Syria Got You Down, Pivot To Strength

September 16, 2013

Let’s try the truth …

Obama’s week ahead: All about the economy.

President Obama will launch a week of economic events on Monday, highlighting the five-year anniversary of the crashing of the financial market to argue that Republican policy prescriptions to looming fiscal battles would undo recent gains.

Looking back to the economic collapse of 2008, which helped propel him to the White House, Obama will argue the country has since been on a steady climb back to prosperity. The White House is hoping to use the week as leverage before an October deadline to keep the government funded and ahead of the nation reaching its borrowing capacity just weeks later.

It’s all fun and games until someone says the magic words: Labor Force Participation Rate.

And there is this handy chart to show you how well it’s going… PLUNCK …All you need to know about Obomba and the economy in one chart. Where are the jobs?



Worst Recovery in History

July 23, 2013

Worst. President. Ever. The economy is being crippled by this fraud …

Barack Obama told his low-information supporters yesterday that the US economy was “back to where we were.”

The Washington Examiner reported:

President Obama explained that the U.S. economy was back, during an address to his former campaign operation turned into a non-profit – Organizing for Action.

Obama reminded them that when he took office “the bottom had fallen out” of the national economy – citing rising inequality and middle class struggles.

“Now, the good news is over the last five years, we fought alongside people like Nancy Pelosi. But most importantly, because of the grit and resilience and determination of the American people, we’ve been able to clear away the rubble and get back to where we were,” Obama explained.

Obama added that the economy was the most important item on his agenda – even though he noted that climate change, women’s rights, civil rights, and gun violence were still important.

Obama previewed his Wednesday speech which he revealed would be more “thematic” about how to make the economy stronger.

The man has no shame.

Try this chart ..


Does that look like “we are back” or does it look like a bald faced lie, for the ignorant Obama voters. Keep in mind that births have, or should have, actually increased the size of our labor force. NBER is the National Bureau of Economic Research.

P2P Drops In May According To GALLUP

June 7, 2013

As the world waits breathless for some Goldilocks print in tomorrow’s non-farm payroll data, Gallup’s most recent survey of employment trends does not paint a pretty picture for the real economy. Though, by the ‘adjustment bureau’ and their Arima-X goal-seeking, nothing is ever clear, not only is the payroll-to-population (the number of people working) worse than a year ago but the unemployment rate is also rising with under-employment – at 18.0% – near 15 month highs. If the NFP print plays out in line with this, the estimate of 165k will be woefully over-optimistic, leaving the question of whether bad-is-good, or have we crossed the Rubicon of belief in moar is better.’

The U.S. Payroll to Population employment rate (P2P), as measured by Gallup, worsened in May, dropping to 43.9%, from 44.5% in April. P2P is also down from May 2012, when it was 44.4%


The decline in P2P versus 2012 indicates that fewer people worked full-time for an employer this May compared with a year ago. The 43.9% found this May is similar to the 43.7% recorded in 2011 and 44.0% in 2010.

Gallup’s P2P metric is an estimate of the percentage of the U.S. adult population aged 18 and older who are employed full time by an employer for at least 30 hours per week. P2P is not seasonally adjusted.

Shades Of The Soviet Union

April 25, 2013

All those undocumented workers, pay no taxes, when workers go underground …

CNBC reports:

The growing underground economy may be helping to prevent the real economy from sinking further, according to analysts.

The shadow economy is a system composed of those who can’t find a full-time or regular job. Workers turn to anything that pays them under the table, with no income reported and no taxes paid — especially with an uneven job picture.

Wal-Mart Shares Are Tanking

February 15, 2013

As a scary reality about Wal-Mart’s customers might be coming to a head.

Read more: hits consumers, not the intended results of the moochers and looters, get them rich people.

Wal-Mart shares are tanking after the company’s executives called February sales a “total disaster.”

“Have you ever had one of those weeks where your best-prepared plans weren’t good enough to accomplish everything you set out to do?” Wal-Mart exec Cameron Geiger wrote in one of the emails reported by Renee Dudley at Bloomberg.

“Well, we just had one of those weeks here at Walmart U.S. Where are all the customers? And where’s their money?” Geiger asked.

Wal-Mart is facing a scary reality: the ailing finances of its core customers, Brian Sozzi, chief equities analyst at NBG Productions, told us.

That would be all the low information Obama voters … pick u[ the Obama-phone, stat!!!

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Egypt Death Spiral Watch Continues

February 14, 2013

Islamic takeover of Egypt begins to fail …

Egypt’s feedback loop of civil unrest and economic failure is getting worse. A month after the country’s currency reserves fell by $1.4 billion, an international ratings agency is cutting Egypt’s bond rating:

The downgrade was due to the recent escalation of civil unrest in the country, highlighted by violent clashes between protesters and security forces in recent weeks resulting in many deaths, the agency said in a statement. […]

Uncertainty over the $4.8 billion loan from the International Monetary Fund have also pushed the rating down, according to the statement released by Moody’s.

An economic death spiral is like a straitjacket: the more fitfully you try to get out, the tighter it gets. That seems to be precisely what civil unrest, spurred in large part by Egypt’s economic woes, is doing to the country’s economic prospects: popular riots on the ground are driving away tourism and foreign investment, which eventually harms the country’s credit rating, which worsens the economic woes, which drives more people into the streets…

Uncertainty about the IMF’s loan and parliamentary elections makes the situation even worse. It’s unclear whether the government has the financial or political resources left to keep buying more time. Via Meadia is hoping for the best, but this is not looking good.

Chart Of The Day: Continued Collapse In Capital Goods New Orders Confirms US Is In Recession

November 27, 2012

While the just released Durable Goods orders report for October came in modestly better than expected (which many thought would be a decline due to Hurricane Sandy), the primary driver of this continues to be record durable good inventory accumulation. Excluding the noise, and focusing only on real, non-noisy economic strength metrics such as New Capital Goods Orders (technically defined as the year over year change in Non-Defense Capital Goods Excluding Aircraft), a very different and far uglier picture emerges. In fact, the October Y/Y Plunge of -8.1% in this major indicator was the biggest drop since 2009.

Currently we are on the right LOL!

Sort of doesn’t add up with Obama’s phony numbers does it?

To summarize: according to one of the least susceptible to manipulation indicators of US economic strength and growth, the US economy is now in a recession.

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