Cripes
Bill Quick

Cisco Systems will lay off 5,500 workers – LA Times sco Systems Inc. said Wednesday that it would cut about 5,500 jobs as part of a restructuring plan that the networking company said was necessary to help it focus more … Continue reading

Economic Salvation
SteveF

You know how European nations, like the US, are bringing in scads of third-world immigrants to provide a youthful workforce to support the aging native population? Yah, about that… Kommunen erwarten dieses Jahr 733.000 Flüchtlinge Die Schulden der Städte und … Continue reading

This Is How We Are Going To Make America Great Again
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Full Transcript of the Trump on Jobs speech: (Below the fold) … Continue reading

Communism, Doing What It Does Best
Bill Quick

Instapundit » Blog Archive » WHAT ON EARTH COULD EXPLAIN THE DIFFERENCE? The Chilean economy has expanded by 231 percent. Venezuela’s has contracted by 12 percent. The Marxist death cult, of course.  The only real surprise here is that Venezuela’s … Continue reading

Soros Goes Big Bear – Again
Bill Quick

A Bearish George Soros Is Trading Again – WSJ Mr. Soros’s recent hands-on approach reflects a gloomier outlook than many others on Wall Street. His worldview darkened over the past six months as economic and political issues in China, Europe … Continue reading

Obama Economy: 38% WORSE Than That of the Great Depression!
Bill Quick

Voters Think Trump Would Be Better for Economy – Or Would He? – Rasmussen Reports™ The U.S. economy historically has had an average growth rate of 3.3% but has fallen short of that number in every year of Barack Obama’s … Continue reading

Remember: The Real Minimum Wage Is Zero
Bill Quick

I Want Fast Food Workers to Make $15 an Hour | PJ Media And having been a low-wage restaurant worker myself for many years, I want them to earn what the market will bear in relations to the skills, abilities, … Continue reading

Laws Are for the Little People
SteveF

When Did the U.S. Repeal the Laws of Supply and Demand? Thanks to legislation their governors signed Monday, California and New York are hiking their minimums to $15, the target hourly rate of a national campaign by labor activists. Earlier … Continue reading

Denninger Takes the Numbers Club To the Trumpophobes – A Good Drubbing Ensues
Bill Quick

Truth: The Media Lies, Trump Doesn’t in [Market-Ticker] Two articles pertinent to this, both from The Washington Post. First, this: Trump appears to blend economic conspiracy theories with magical-thinking accounting: Stocks are a bubble inflated by “easy money”; government regulators have … Continue reading

Singapore: The Progressive Rats in the Foundation
Bill Quick

Singapore’s Midlife Crisis | City Journal Continuing to look ahead, Lee and his mandarins understood that Singapore couldn’t thrive solely as a manufacturing hub, either. They correctly anticipated the evolution of an economy more reliant on technology and high-end services—for … Continue reading

Economic “Wisdom”
Bill Quick

Sorry, Trump, America Can’t Be Great Again – POLITICO Magazine The majority of economic wisdom out there suggests these are false hopes: “Economic wisdom.”  BWAHAHAHAHA! Find me the “wise economist” who accurately predicted the computer age back in 1950. The … Continue reading

More Good News on the Economic Front
SteveF

More Subprime Borrowers Are Falling Behind on Their Auto Loans More borrowers with spotty credit are failing to make monthly car payments on time, a troubling sign for investors who have snapped up billions of dollars of securities backed by … Continue reading

Bernie Sanders Forces Lying Libs to Confront the Phony Reality They’ve Created
Bill Quick

Bernie Sanders’ Campaign Has Crossed Into Neverland | Mother Jones I’ve generally tried to go easy on Sanders. I like his vision, and I like his general attitude toward Wall Street. But this is insane. If anything, it’s worse than … Continue reading

Denninger Doesn’t Like This
Bill Quick

Market-Ticker – The Market Ticker t’ll have as much impact as your alleged “stimulus” and “whatever it takes.” Sure, you can boost asset prices.  For a while.   But Union Pacific, which reported “earnings” today, showed what’s going on.  Carloads of … Continue reading

Looking Out Below: This Guy Got It Right
Bill Quick

Recession By Year-End? | Seeking Alpha Summary The ISM Manufacturing Index is hovering just above the point of recession. Since the fourth quarter of 2013, manufacturing has weakened and it’s doing so at a quickening pace. Equities and manufacturing are … Continue reading

Boom Times For San Francisco
Bill Quick

Only Bay Area Has Recovered from Great Recession – Breitbart Only four counties out of California’s 58 have fully recovered from the Great Recession, in the sixth year after the official economic recovery began. The four counties that have have … Continue reading

Hmm…
Bill Quick

Looks like the DJIA is set to close off about 250 today. The DJIA peaked on December 29th.  It’s currently about 873 points below that level.  Not sure this bodes very well going forward, but who knows. Exit question:  What … Continue reading

If You Want to Know Why Donald Trump Resonates, Here’s The Reason
Bill Quick

Pew Study: Middle Class Declining, No Longer Majority – Breitbart The middle class in America is declining and no longer constitutes a majority under President Barack Obama, according to a Pew Research study, which found that “after more than four … Continue reading

Next Time For Sure
kennycan

Oh well. I’ll take another shot, although I have not had success before I still see a divergence between what most economic numbers and market numbers say and what the Employment Numbers, The Fed and The US Equity Markets say. … Continue reading

Another socialist travesty unfolding
kennycan

Brazil begins to circle the drain, joining Venezuela and Argentina in the great socialist unraveling. Higher US interest rates should do wonders for them! After a week in which the nation’s top young financier was thrown in jail alongside a … Continue reading

China Up, US Down?
Bill Quick

Chinese yuan likely to be added to IMF special basket of currencies | Business | The Guardian China’s efforts to make the yuan an international currency on a par with the US dollar are to receive a fillip with the … Continue reading

And the Hits keep coming (economically)
kennycan

The other day I mentioned the punk economic reports not jiving with the Fed’s planned interest rate hike. We found out this week that the Fed had leaned towards a go in December in their Oct meeting, before the great … Continue reading

One of these things is not like the other
kennycan

Last Fri Oct Payrolls report came in at +271K and the Obama administration is Happy Dancing and the Fed is expected to raise rates. Now to say this was a surprise is an understatement. That number is well above the … Continue reading

Conspiracy?
Bill Quick

I don’t understand a word of this.  Conspiracy?  Shrug.   Beats me.  I haven’t a clue. Is Goldman Preparing To Sacrifice The Next “Lehman” | Zero Hedge One of the more “unmentionable” conspiracy theories surrounding the demise of Lehman Brothers … Continue reading

Life In Obama’s Recovery America
Bill Quick

RAW VIDEO: Thousands Line Up For Section 8 Housing In Norwalk « CBS Los Angeles NORWALK (CBSLA.com) — Thousands of people lined up Monday morning for the chance to apply for low-cost, government-subsidized housing in the city of Norwalk. Officials … Continue reading

Objectively, It’s Suckage From Sea to Shining Sea
Bill Quick

U.S. stocks stage dramatic reversal, erasing rally and raising new fears – The Washington Post “Volatility will remain elevated here in the coming weeks,” said Adam Burch, a market investment director for U.S. Trust. “People have become emotionally engaged and … Continue reading

No Financial Magic Involved At All
Bill Quick

The Housing Market With Nowhere to Go (but Up) – NYTimes.com SAN FRANCISCO — Not long ago the pink house at 1829 Church Street, in the Glen Park neighborhood here, hit the market for $895,000. It sold for $1.425 million … Continue reading

Wanna Live In My Town? Bring Money. A Lot Of Money.
Bill Quick

Lots of new housing in San Francisco, but it’s still not enough – SFGate Soaring housing costs also make San Francisco a tough market for all but the wealthiest residents. Rental prices for a two-bedroom apartment rose 40 percent in … Continue reading

An Interesting Look at Oil Prices Today
Bill Quick

Top 12 Media Myths On Oil Prices Misperception #11: American shale producers are the new swing producers. No, their banks are. Read the whole thing. Takeaway:  They’re headed back up. … Continue reading

Why You Should Always Take Megan McCardle With a Truckload of Salt.
Bill Quick

Gentrification Is an Irresistible Force – Bloomberg View because the only place in America that has more renters than homeowners has achieved that by giving lots of renters quasi-property rights in their apartments, which then gives them all the incentives … Continue reading

China Housing Market Go Boom?
Bill Quick

Record Fall In Property Prices Brings More Bad News For China’s Slumping Real Estate Market SHANGHAI — Property prices fell again in most major Chinese cities in February, amid continuing anxiety about the state of the country’s real estate sector. … Continue reading