Archive for the ‘Economy’ Category

How Do We know Obamacare is A Big Tax On The American People? – The Architect Is Saying It…

By: admin
Published: November 10th, 2014

By his words – ” Lack of transparency is huge political advantage” HEHEHE…

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Peter Thiel : Slow impoverishment’ happening in USA…

By: admin
Published: October 21st, 2014

WE ARE OUT OF TIME ….DUH!

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‘Plunge protection’ behind market’s sudden recovery

By: admin
Published: October 21st, 2014

From NYP

Mysterious forces were trying their best, but they couldn’t keep the stock market from swooning Wednesday.

They failed in the morning, despite massive purchases of stock index futures contracts. Within minutes of the market’s opening, the Dow Jones industrial average was down 350 points. Later in the day — after a lot of shocking ebb and flow — the Dow bottomed out with a decline of 460 points.

It was only in the last hour of trading that the market saviors managed to trim the Dow loss to just 173 points. And they succeeded only after Janet Yellen’s private, upbeat remarks about the economy were leaked.

Welcome to a new kind of stock market — one that the average investor should refuse to be invested in.

Anyone whose investments tightly track the major indices is now losing money since the beginning of 2014. The Dow is down 1.1 percent on the year, with the S&P and Nasdaq up 3 percent for 2014.

Just for the record, I’ve been telling you for years that the stock market was in a bubble and that you should enjoy it while it lasts because bubbles always pop.

Of course, if you could time the end of the bubble, you’d be doing quite well. Miss the end and you are back to where you started. Or worse off in terms of confidence and finances.

Read the rest here

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All the Markets Need Is $200 Billion a Quarter From the Central Bankers

By: admin
Published: October 21st, 2014

From Bloomberg

The central-bank put lives on.

Policy makers deny its existence, yet investors still reckon that whenever stocks and other risk assets take a tumble, the authorities will be there with calming words or economic stimulus to ensure the losses are limited.

A put option gives investors the right to sell their asset at a set price so the theory goes that central banks will ultimately provide a floor for falling asset markets to ensure they don’t take economies down with them.

Read the rest here

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Census ‘faked’ 2012 election jobs report

By: admin
Published: November 19th, 2013

Surprised? I am not at all….

From NYP

In the home stretch of the 2012 presidential campaign, from August to September, the unemployment rate fell sharply — raising eyebrows from Wall Street to Washington.

The decline — from 8.1 percent in August to 7.8 percent in September — might not have been all it seemed. The numbers, according to a reliable source, were manipulated.

And the Census Bureau, which does the unemployment survey, knew it.

Just two years before the presidential election, the Census Bureau had caught an employee fabricating data that went into the unemployment report, which is one of the most closely watched measures of the economy.

And a knowledgeable source says the deception went beyond that one employee — that it escalated at the time President Obama was seeking reelection in 2012 and continues today.

“He’s not the only one,” said the source, who asked to remain anonymous for now but is willing to talk with the Labor Department and Congress if asked.

The Census employee caught faking the results is Julius Buckmon, according to confidential Census documents obtained by The Post. Buckmon told me in an interview this past weekend that he was told to make up information by higher-ups at Census.

read the rest here

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Casey Mulligan: How ObamaCare Wrecks the Work Ethic

By: admin
Published: October 4th, 2013

From WSJ

Mr. Mulligan is a professor of economics at the University of Chicago and the author of “The Redistribution Recession” (Oxford, 2012).

The health-care law, starting Jan. 1, will begin driving up marginal tax rates—well above 50% for many.

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A new wave of redistribution will arrive in America on Jan. 1, primarily thanks to the Affordable Care Act. The president’s health-insurance plan forces those who hire, work and produce to pay full price for health care, while creating generous discounts for practically everyone else.

…In the years 2015 and beyond, full-time workers with median incomes will keep only half of the compensation created by their decisions, with the other half going to the government in the form of additional taxes and savings on subsidy payments. By keeping 50% rather than 60%, workers will find that the reward for holding a job will have fallen a damaging 17%

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Dem Rep: We’re Not Broke; Gov’t Just Doesn’t Have Your Money…Yet

By: admin
Published: August 6th, 2013

From Townhall.com

Dem Rep: We’re Not Broke; Gov’t Just Doesn’t Have Your Money…Yet

“The bottom line is we’re not broke, there’s plenty of money, it’s just the government doesn’t have it,” said Rep. Keith Ellison (D-Minn.), “The government has a right, the government and the people of the United States have a right to run the programs of the United States. Health, welfare, housing – all these things.”

Video after the jump….

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