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We now own GMAC
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New York Post Claims Census Falsifies Unemployment Figures
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Retail Sales Rev Their Engines With 1.3% Increase
- 15627 reads
US oil supplies at a 36½ year low, SPR at a 39 year low; oil+products supplies at an 18½ year low
- 186108 reads
That Must Watch 60 Minutes Poverty Segment
- 39243 reads
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We now own GMAC
- 10511 reads
New York Post Claims Census Falsifies Unemployment Figures
- 951290 reads
Retail Sales Rev Their Engines With 1.3% Increase
- 15627 reads
US oil supplies at a 36½ year low, SPR at a 39 year low; oil+products supplies at an 18½ year low
- 186108 reads
That Must Watch 60 Minutes Poverty Segment
- 39243 reads
The Golden Rule
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Will the NY Attorney General Bring Doomsday Charges Against Wall Street? If So, How Long Will He Survive?
- 1216320 reads
New York Post Claims Census Falsifies Unemployment Figures
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How Many Jobs Are Needed to Keep Up with Population Growth?
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VAT or Value Added Tax is Getting a Look in D.C.
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U3 and U6 Unemployment during the Great Depression
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The war on the middle class
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House discusses 401k/IRA confiscation
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Tax Cuts for the Rich Do Not Generate Jobs
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Where the fu*k were all these "chicken deficit hawks" when the government was spending like it was going out of style plus spending on two very costly wars and cutting taxes for the wealthiest Americans?
I can't wait for the Bush tax cuts to expire.
I just put in the term "Populist" in Google and we come up 9th on the search results.
Congratulations all who participate in EP. We're redefining what a Populist is and (hopefully) that is general participation and awareness of the public in all things economic.
If ever there is a policy that affects your average Georgia/Joe, this is it and why everyone in America needs to learn how this all works, start paying attention and understanding it.
Otherwise, ...well, that feeling you get is the invisible hand takin' money out of your pocket.
I think the forum categories are not adequate for our site topics.
I am thinking we need:
Obama administration
Treasury/Fed
I want recommendations for additional forum categories from you. This is for the Instapopulist, when you put which category a subject belongs to.
Just respond in a comment to this comment. Thanks.
regarding the subject of tight supplies.
I would not presume to offer investment advice as there are so many variables. But in the Macro sense the idea of holding physical is gaining mainstream attention and acceptance.
The reality is that unemployment situation is not improving. Sorry, "decreasing less" is not improving. And according to EPI - wages are imploding.
This all translates into no economic growth for our consumer driven economy.
WAY too easy to counterfeit ETFs just like any other stock.
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Maximum jobs, not maximum profits.
Physical gold or ETFs like GLD or mining stocks?
There were reports that various options, indirect gold ETFs etc. would implode but physical gold will become scarce and increase dramatically.
I don't get it. I thought it was already the settled policy of our government, in the period during which Mr. Chung is alleged to have committed espionage, to facilitate the transfer of all our productive capacity and knowledge base to China and elsewhere. What could he have done that wasn't being done by all our CEOs and members of Congress anyway?
James Turk said, regarding secular bull markets. (I'm paraphrasing)
"The bull will try to throw you off, to shake you out of your position, thats what bulls do. All you need to do is hang on"
Robert, the trend is your friend, the bull will bail you out. Gold is not for speculation ... it's a wealth preservation mechanism.
From what I understand, John Paulson has offered his clients the opportunity to have their portfolio's priced in gold instead of fiat. Many jumped.
I actually figured this would happen myself, but my timing was off. Gold bugs, beware of your timing.
quite possibly endorsed by public officials who recieved campaign donations in the 2008 election cycle from banks involved in energy trading.
http://houseofexile.blogspot.com/2009/06/protect-your-neck-punishing-ame...
I saw this and didn't have any answers as to the real reasons.
There is a house financial services committee hearing tomorrow on Freddie/Fannie and all I see is these Zombie banks trying to further rape their existing customers via credit card interest rates, etc.
For most companies (especially public) it would be self-reports at this stage. The final numbers usually lag a month behind.
The raw article is here and notes the basket of retailers to which the author refers.
The fiscal month may not have ended for all retailers, yet.
Lastly, the author notes that the decline is gasoline prices (creating lower YoY sales) is included.
We trended lower in May whereas we had been flat 2009 (YTD).
If perhaps the FED needs to be taken down a notch- to state level instead of federal.
In North Dakota, the BND already does many of the jobs any central reserve bank does- and does them well.
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Maximum jobs, not maximum profits.
For I do not believe PPIP is dead, nothing I've looked into indicates that, more if these reports are true, it might be a built up to get more cash for trash because of the overinflation structure of the PPIP.
that was my conjecture, not proved.
If toxic waste is performing that well then there won't be much demand for more cash for trash:
This fine by me, we can use the money for other things. But if things get worse financial conglomerates have to sink or swim on their own and they must not be allowed to be a drag on the economy.
battle over derivatives. But check this out from the NYT article:
This is evidence that giving any new regulatory authority to the Fed is a bad idea.
Any stats, EIs like this, you might want to do an instapopulist on it and also go to the government statistics source online and use their reports/graphs.
If you write up EIs in a comment, we might not see them and on any of these things like the BLS, GAO, CBO, Fed., Treas. etc. they have really improved their websites and put up all sorts of graphs and details for us.
So, we might as well use their original work designed for public consumption.
I find going to the statistics source also very useful for I might see some detail that the press simply doesn't report.
We have a few of these government RSS feeds over in the bottom right hand column. (I think this is fantastic that government and fed agencies are now using web 2.0 technologies for information updates, their studies, reports).
Thanks to midtowg's exceptional research piece, Subprime Meltdown over, now here comes the bad news, we are getting thousands of new visitors to the Economic Populist.
Welcome to all of the new readers and congratulations midtowng! Your piece is getting referenced all over the economics blogs and rightly so. Original research, good statistics and topics ignored by the main stream media are what the economics blogs are all about!
To the new folks, check out some of the other writers and posts on EP. We have many writing from first principles, original analysis and it's quite insightful.
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