Archive for the 'Economy' Category
49% of Americans Believe Federal Government “Poses an Immediate Threat to the Rights and Freedoms of Ordinary Citizens”
September 26th, 2011Via: Gallup: A record-high 81% of Americans are dissatisfied with the way the country is being governed, adding to negativity that has been building over the past 10 years. … The findings are from Gallup’s annual Governance survey, updated Sept. 8-11, 2011. The same poll shows record or near-record criticism of Congress, elected officials, government […]
Captain Obvious: ‘Massive Jobs Shortfall’ Predicted for Global Economy
September 26th, 2011Via: Guardian: The world’s major economies are heading for a “massive jobs shortfall” by the end of next year if governments do not change their tack on policy, the International Labour Organisation (ILO) said in a study published on Monday. In the report, prepared with the OECD for G20 labour ministers meeting in Paris on […]
Gold Eyes Biggest 3-Day Fall In 28 Years
September 26th, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument. Update: Bullish Gartley Squinting at it on the daily now, I’d call it a quasi bullish Gartley. To see it, I had to exclude the candle shadow from the September high, and the fib ratios aren’t right. Still, close enough. Remember, […]
IMF May Need Bailout
September 26th, 2011*chortle* Via: Telegraph: Christine Lagarde has signalled that the International Monetary Fund (IMF) may have to tap its members – including Britain – for billions of pounds of extra funding to stem the European debt crisis. The head of the IMF has warned that its $384bn (£248bn) war chest designed as an emergency bail-out fund […]
The Federal Reserve Plans to Identify “Key Bloggers” and Monitor Billions of Conversations About the Fed on Facebook, Twitter, Forums and Blogs
September 26th, 2011Is there are Federal Reserve link for this document? Here’s the document that ZeroHedge has produced: Sentiment Analysis And Social Media MonitoringSolution RFP Request for Proposal (Event-6994) Event Information Description: Federal Reserve Bank of New York (“FRBNY”) is extending to suppliers an invitation to participate in an Sentiment Analysis And Social Media Monitoring Solution RFP […]
Young Adults: America’s Lost Generation
September 22nd, 2011Via: AP: Call it the recession’s lost generation. In record-setting numbers, young adults struggling to find work are shunning long-distance moves to live with Mom and Dad, delaying marriage and buying fewer homes, often raising kids out of wedlock. They suffer from the highest unemployment since World War II and risk living in poverty more […]
European Stocks Sharply Lower, U.S. Futures Sharply Lower
September 22nd, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument. Large European markets are down about 5% at the moment about an hour before the regular U.S. session kicks off. ES down 25. Yep. Ok, on gold, the 50% retracement that I mentioned is coming into view. Spot gold is down […]
Lloyd’s of London Pulls Euro Bank Deposits
September 21st, 2011Hmm. What did they do with the money? Via: Bloomberg: Lloyd’s of London, concerned European governments may be unable to support lenders in a worsening debt crisis, has pulled deposits in some peripheral economies as the European Central Bank provided dollars to one euro-area institution. “There are a lot of banks who, because of the […]
BofA, Wells Fargo Downgraded by Moody’s
September 21st, 2011Via: Bloomberg: Bank of America Corp. (BAC) and Wells Fargo & Co. had their long-term credit ratings downgraded by Moody’s Investors Service, citing a decreasing probability that the U.S. would support the lenders in an emergency. Citigroup Inc.’s short-term rating also was cut. The government is “more likely now than during the financial crisis to […]
Italy’s Debt Downgraded by S&P; Outlook Still Negative
September 19th, 2011Via: CNBC: Standard and Poor’s downgraded its unsolicited ratings on Italy by one notch to A/A-1 and kept its outlook on negative, a major surprise that threatens to add to concerns of contagion in the debt-stressed euro zone. S&P in a release dated Sept. 19 said the cut reflected its view of Italy’s weakening economic […]
