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Tag Archives: Economy

Wholesale inventories up, sales and consumer data disappoint

969eobama-sad-frown-16

Wholesale numbers and credit card data don’t look so good “unexpectedly”. Expectations were for a .3% growth in inventories and a .6% increase in sales for the just released May numbers. Instead, inventories grew .8% and sales only saw a .3% rise. Along with weak sales data at the wholesale level, Bank of America card data shows that American consumers shut down ...

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U.S. Jobless claims rise most since February

The top line jobless claims number rose above estimates and to the highest level since February, but that’s not the most disturbing news. Digging into the numbers, it appears that more people are suddenly having to find work (initial claims) and they are finding that it is taking longer than previously to get a job (continuing claims.) Jobless claims jumped to ...

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What We Need From Our Next President

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As the pool of aspiring presidential candidates grows by the day, one can’t help but hope that the electorate’s appetite for economic improvement under a term or two of a new president will likewise increase. After eight years of burgeoning government hegemony, diminution of personal liberty, assault on the free enterprise system and middle class family incomes, the last thing ...

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Wholesale Inventories and Sales Miss Expectations

The Commerce Department reported today that wholesale inventory growth is slowing and that wholesale sales have dropped yet again. Wholesalers are the folks that sell stuff to the retailers that sell stuff to every day Americans. When consumers buy more stuff, retailers buy more stuff from wholesalers and the wholesalers then buy more stuff and increase their inventories – that’s not ...

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Americans Lose Hope for Economic Rebound

consumer confidence

A new Gallup survey shows that consumers are losing confidence in the economy at an accelerating rate. Gallup’s U.S. Economic Confidence Index was -9 for the week ending May 3 — its lowest weekly score since December. This reflects a six-point decline from the previous week, and is the largest week-to-week drop since last July. The survey looks at how people ...

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Bank Card Defaults Soar to Five Year High

Credit cards

Released today, the S&P/Experian Consumer Credit Default Indices showed the largest two-month increase in the rate at which consumers are defaulting on credit card debt since 2010. The bank card default rate increased 15 basis points to 2.99% following an increase of 23 basis points in February, the largest two month increase since April 2010. Slowing retail sales in March, lackluster ...

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HuffPuff Propagandizes a FOX Reality

Unemployed

I go through the headlines and news stories in over one-hundred publications daily. I do this so that I can view multiple sources on some of the same stories. Doing this allows me to formulate what is fact and what is disingenuous spin; propaganda meant to trick the public into thinking one way instead of another. Make no mistake, both ...

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What today’s economic news tells us about the ‘recovery’

Wal-mart misses on sales and earnings

Listening to the President, his administration, some in Congress and several news reports, many would say the economy is recovering slowly but gaining traction. Seeing the economic data released today may reveal a somewhat more real reality. The unemployment figures released this morning seem promising, but only in a vacuum. Claims dropped 24,000 to a seasonally-adjusted 297,000 for May. What the ...

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The Real Value of Gold

goldworth

You don’t have to be an expert to realize something just isn’t right in the economic world! Peter Schiff and GATA’s Bill Murphy discuss Quantitative Easing, inflation, and the real value of gold! )

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Saturday Night Cigar Lounge Sept. 7th

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When:Saturday, August 31st, 10pm Eastern/7pm Pacific Where: Saturday Night Cigar Lounge with Taylor on Blog Talk Radio What: Saturday nights were meant for cigars and politics. Hear Taylor and his co-host Liz Harrison talk about everything from the past week – from politics, to news, to books, and entertainment. Whatever comes to mind, and of course, sobriety is not likely. ...

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To win, Republicans should focus on economics

fairtax

As I have written a number of times here on CDN, the GOP is viewed very negatively by the majority of the American public, especially women, youngsters, and minorities – key demographics that the GOP absolutely must win over to remain a viable party, let alone to win future elections. What is the key to winning their votes? It’s not ...

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Saturday Night Cigar Lounge July 27th

sncl_logocdn

When:Saturday, July 27th, 10pm Eastern/7pm Pacific Where: Saturday Night Cigar Lounge with Taylor on Blog Talk Radio What: Saturday nights were meant for cigars and politics. Hear Taylor and his co-host Liz Harrison talk about everything from the past week – from politics, to news, to books, and entertainment. Whatever comes to mind, and of course, sobriety is not likely. ...

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What Obama’s “Bulworth” Comment Shows About Us

bulworthtaylor

Almost forgotten within the whirlwind of last week’s columns and news stories covering the Obama Administration’s scandals was a piece from The New York Times discussing the “onset of woes” he’s had to deal with. Various aides told The Times on, and off, the record how the President is doing all he can to make sure his second term agenda ...

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