Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Yet real median wage is now 8 percent below what it was in 2000
and unemployment remains sky-high.
In the week ending February 23, the advance figure for seasonally adjusted initial claims was 344,000, a decrease of 22,000 from the previous week's revised figure of 366,000. The 4-week moving average was 355,000, a decrease of 6,750 from the previous week's revised average of 361,750.
New orders for manufactured durable goods in December, up seven of the last eight months, increased $9.4 billion or 4.3 percent to $230.0 billion, revised from the previously published 4.6 percent increase. This followed a 0.6 percent November increase.
Economic activity in the manufacturing sector expanded in February for the third consecutive month, and the overall economy grew for the 45th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business.
The New Orders Index registered 57.8 percent, an increase of 4.5 percent over January's reading of 53.3 percent, indicating growth in new orders for the second consecutive month. As was the case in January, all five of the PMI™'s component indexes — new orders, production, employment, supplier deliveries and inventories — registered in positive territory in February. In addition, the Backlog of Orders, Exports and Imports Indexes all grew in February relative to January."
The Conference Board Consumer Confidence Index®, which had declined in January, rebounded in February. The Index now stands at 69.6 (1985=100), up from 58.4 in January. The Present Situation Index increased to 63.3 from 56.2. The Expectations Index improved to 73.8 from 59.9 last month.
I don't want to hear about leading indicators and how they're "trending up" anymore. That's all we've heard since June of '09 and not one thing has improved for working people.
All I know is that Corporate profits are claiming a larger share of national income than at any time in 60 years, while the portion of total income going to employees is near its lowest since 1966.
I don't want to hear about leading indicators and how they're "trending up" anymore. That's all we've heard since June of '09
and not one thing has improved for working people.
All I know is that Corporate profits are claiming a larger share of national income than at any time in 60 years, while the portion of total income going to employees is near its lowest since 1966.
I don't want to hear about leading indicators and how they're "trending up" anymore. That's all we've heard since June of '09 and not one thing has improved for working people.
All I know is that Corporate profits are claiming a larger share of national income than at any time in 60 years, while the portion of total income going to employees is near its lowest since 1966.
Yup. That obama sure has taught those evil rich people a lesson hasn't he. Good ole barry, he's the champion of the meek.
Meet the new boss, same as the old boss.
I don't want to hear about leading indicators and how they're "trending up" anymore. That's all we've heard since June of '09
No it isn't. You are lying. Many of the leading indicators were negative until recently.
You are just trying to deny to yourself the signs the economy is finally starting to come out of the tunnel.
and not one thing has improved for working people.
All I know is that Corporate profits are claiming a larger share of national income than at any time in 60 years, while the portion of total income going to employees is near its lowest since 1966.
Yes, and this has been accomplished legislatively.
http://www.bloomberg.com/news/2013-02-21/the-stock-market-ponders-life-without-qe.html
The Stock Market Ponders Life Without QE
By Caroline Baum Feb 21, 2013 11:05 AM CT
All it took were several references to “several participants” wondering about the costs of additional quantitative easing to send the Dow Jones Industrial Average down 108 points yesterday.
The participants in question are members of the Federal Reserve’s Open Market Committee. Minutes of the committee’s Jan. 29-30 meeting were released yesterday.
The discussion of the costs and benefits of the Fed’s $85 billion-a-month bond-buying operation seems to be picking up more votes for the costs outweighing the benefits with each passing meeting. The doves, including Fed chief Ben Bernanke, Fed vice chair Janet Yellen and New York Fed President Bill Dudley, still think the harm to society from a prolonged period of high unemployment justifies the cost.
The hawks are either gaining critical mass or talking louder. (It’s hard to tell which one because the minutes use qualitative terms, such as “several,” “some” or “many” participants.) Among their concerns are the risk of inflation; the possibility of disrupting the normal functioning of the Treasuries and mortgage-backed bond markets with the Fed’s purchases; potential losses on its huge securities portfolio when interest rates start to rise; and the risk of risk-taking, which could pose a threat to financial stability.
Of course, risk-taking is exactly what the Fed has been encouraging the public to do. As I wrote in a column last week, Bernanke explains the transmission of monetary policy as working through the public’s purchase of riskier assets once the Fed has cut the overnight rate to zero and depressed the yield on long- term Treasuries through outright purchases.
It seems to be working. “Investor appetite for risk had increased,” the minutes note.
Some analysts said the minutes reflected a sea change in Fed thinking. I view them as a slight adjustment to the tiller. For forward-looking markets, the suggestion that the Fed might, as the minutes put it, “vary the pace of asset purchases, either in response to changes in the economic outlook or as its evaluation of the efficacy and costs of such purchase evolved,” may have been enough to warrant caution.
Market participants forget that the Fed is neither omniscient nor a very good forecaster. What it is is the sole proprietor of the printing press. If the hint of cutting back on its hours of operation is enough to frighten the stock market, then the Fed really has to be concerned by what it hath wrought.
Yup. That obama sure has taught those evil rich people a lesson hasn't he. Good ole barry, he's the champion of the meek.
Meet the new boss, same as the old boss.
It's not just Obama. It's our entire federal system that has been captured and corrupted.
Yup. That obama sure has taught those evil rich people a lesson hasn't he. Good ole barry, he's the champion of the meek.
Meet the new boss, same as the old boss.
It's not just Obama. It's our entire federal system that has been captured and corrupted.
True but the left is already claiming it's all obama.
My how the worm turns!!!Yup. That obama sure has taught those evil rich people a lesson hasn't he. Good ole barry, he's the champion of the meek.
Meet the new boss, same as the old boss.
Yet real median wage is now 8 percent below what it was in 2000, and unemployment remains sky-high.
Obama. President of the One Percent of America.
Yet real median wage is now 8 percent below what it was in 2000, and unemployment remains sky-high.
Obama. President of the One Percent of America.
I seem to recall when Bush was in Office the Stock Market was not considered a fair, or good measure of how things were going. When ever we pointed out how well it was doing, they said it's just the rich getting richer.
Today it is even worse, not only does it not really matter how well the DOW is doing, it's only doing so well because Interest Rates are being held down by the Government, leaving investors nowhere to invest other than stocks. Add to that the Money the Fed keeps pumping into the Economy and what you have is a false, inflated Market that does not reflect the real life economic situation.
Yup. That obama sure has taught those evil rich people a lesson hasn't he. Good ole barry, he's the champion of the meek.
Meet the new boss, same as the old boss.
It's not just Obama. It's our entire federal system that has been captured and corrupted.
True but the left is already claiming it's all obama.
