December 20, 2012
Prices over the last months have been skyrocketing. Mostly Food whihc Obama has been working overtime, you moron voters. Haha bet you thought you wouldn’t have to pay….
Existing home sales rose to 5.04 million units in November, more than expected. Existing home sales are almost back to 1999 levels! [Note to government: PLEASE don’t do anything like the National Homeownership Strategy again!] nhsdream2
The FHFA Purchase Only House Price Index increased +0.5% in November, more than the expected +0.3%.
The final Q3 GPD printed at 3.1%, more than the forecast 2.8%%. The print was mostly due to government expenditures and growing inventories. Offsetting the government-induced rise in GDP was the decline in leading economic indicators, down -0.2% in November after an increase of +0.2% in October.
The Bloomberg Consumer Comfort Index rose to -31.9, although it still hasn’t breached 0 since the recession that ended in June 2009.
The Philadelphia Fed Business Outlook Survey Diffusion Index General Conditions rose more than expected following Superstorm Sandy that devastated my Jersey shore home of Sea Bright and Rumson.
Hyperinflation, welcome back Carter.
Finally, we can see that the last six months have seen big increases in many (not all) commodity prices. Is this the start of … dare I say … hyperinflation? It’s time for The Fed to take its foot off the accelerator.
So as we approach the fiscal cliff, we had some good economic news. Whether it can be sustained, that is another question.
Read more at confoundedinterest.wordpress.com …
December 9, 2012
CHINA’S inflation rebounded from a 33-month low as food costs rose the most since August, while deflation in factory-gate prices eased for a second month.
The consumer price index rose 2 percent in November from a year earlier, the National Bureau of Statistics said on its web site on Sunday. That compares with the 2.1-percent median estimate in a Bloomberg News survey of 35 economists and 1.7-percent gain in October. Producer prices fell for a ninth month, while the pace of the decline moderated.
The data may herald a new round of inflation should the nation’s nascent growth recovery gather pace, with industrial-production and retail-sales data due later on Sunday forecast to show a pickup in November. Faster price gains may give the new leadership under Communist Party chief Xi Jinping less scope to loosen policies to aid expansion.
Read more at businessmirror.com.ph …
S, just do as the US does. Just remove food and fuel from the calculation … See it’s fixed, you illiterate Obama voters…
December 6, 2012
Since all that is coming out of Obama’s government is lies, Gallup may be one of the last legitimate sources left
U.S. unemployment, as measured by Gallup without seasonal adjustment, was 7.8% for the month of November, up significantly from 7.0% for October. Gallup’s seasonally adjusted unemployment rate is 8.3%, nearly a one-point increase over October’s rate.
Shoots up near a point in November.
You remember *% was the magic number. Illiterate voters, pay attention, you are being played.
December 2, 2012
We don’t hear much about Japan in the USA, but it gone from grim to even Grimmer
In Japan things have gone from Grim to Grimmer. The Markit/JMMA Japan Manufacturing PMI™ shows Japanese manufacturing sector contracts at sharpest rate in 19 months.
Output and new orders both continue to decline
Capital goods producers register sharpest falls in production and sales
Inventories and employment cut amid subdued economic outlook
Read the rest of this entry »
August 28, 2012
President Obama has a reputation for talking, but not necessarily for saying much. He has achieved new levels of vagueness this election season. Beyond repeating that he’s in favor of making the “rich” pay for more government “investment,” he hasn’t offered a single new idea for a second term. This is deliberate.
The core of the Obama strategy is to make Americans worry that whatever Mitt Romney does, it will be worse. That’s a harder case for Mr. Obama to make if he is himself proposing change. And so the Obama pitch is that this election is a choice between stability (giving Mr. Obama four more years to let his policies finally work) and upheaval (giving Mr. Romney four years to re-ruin the nation).
The pitch is profoundly dishonest. While the choice between four more years of Obama status quo and Mr. Romney is certainly vivid, it isn’t accurate. The real contrast is between Mr. Romney’s and Mr. Obama’s future plans. And while the president hasn’t revealed what those plans are, there is plenty of evidence for what a second term would look like.
Let’s dispense with the obvious: An Obama second term will be foremost about higher taxes and greater spending. The president has been clear about the former and will consider victory in November a mandate to raise taxes on higher-income Americans and small businesses—at the least.
How about it Mr Obama, what’s in store for your America … I bet it not pretty. Why won’t you say what it is???
Go watch the movie Obama: 2016 and see for yourself. I bet it won’t be yours.
January 13, 2012
After being told by Obama, and his propaganda machine the MSM, that the increased number of jobs created during the holiday season proves his economic policies are working and the country is on a rebound, we again learn they are all telling tall tales. Every year, whether the economy is up or down, the number of people being employed goes up during the holiday season. Those of us on the right have been saying it since November,
“When the higher unemployment numbers for January start trickling in, the drop in November and December’s unemployment numbers will prove to be the usual temporary holiday drop we see every year.”
Now we are learning that the number of people applying for unemployment in the first week of January is proving us right, that Obama and the MSM are spewing their usual propaganda lies instead of telling us the facts. The Bureau of Labor Statistics (BLS), is reporting an increase of 399,000 new unemployment claims for the first week of January 2012.
Get ready for the administration to report sometime in the next week or so, that those numbers are being revised to over 400,000. After all, almost every economic number released by the Obama administration since his inauguration in January 2009, has been revised to look worse than originally reported. Usually on a Friday afternoon when everyone is getting ready for their weekend and not paying attention to the news. We can count on the MSM to tout loudly the numbers Obama puts out that look good, but they barely even report when the numbers have being revised in a negative way, because then they would not be able to get him re-elected for a second term.