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Anxiety over incomes hits consumer morale

Posted in Economy on 12th February 2012
Job seekers attend a large career fair at Rutgers University in New Brunswick, New Jersey, January 6, 2011. REUTERS/ Segar

Job seekers attend a large career fair at Rutgers University in New Brunswick, New Jersey, January 6, 2011. Credit: Reuters/ Segar By Lucia Mutikani WASHINGTON | Thu Feb 9, 2012 7:33pm EST WASHINGTON (Reuters) - The number of Americans signing up for unemployment benefits unexpectedly fell last week, the latest sign of recovery in the labor market. Initial claims for ...

“Student Loan ‘Debt Bomb”; Obama’s Misguided Proposal and Mish’s Two-Point Alternative Proposal

Posted in Hot News on 11th February 2012

It really is intriguing to observe some of the terms bandied about in headline news. For illustration, the LA Times headline reads S&P says student loan financial debt could be next monetary bubble.Up coming? Could Be?What with the word "up coming"? Also what's with the words "could be"? With out a doubt student loans are ...

Bernanke urges action to heal housing markets

Posted in Economy on 11th February 2012
U.S. Federal Reserve Chairman Ben Bernanke testifies before a Senate Budget Committee hearing on the outlook for the U.S. Monetary and Fiscal Policy on Capitol Hill in Washington, February 7, 2012. REUTERS/Jason Reed

U.S. Federal Reserve Chairman Ben Bernanke testifies before a Senate Budget Committee hearing on the outlook for the U.S. Monetary and Fiscal Policy on Capitol Hill in Washington, February 7, 2012. Credit: Reuters/Jason Reed By Barbara Liston ORLANDO, Florida | Fri Feb 10, 2012 2:20pm EST ORLANDO, Florida (Reuters) - Federal Reserve Chairman Ben Bernanke on Friday issued a ...

Petroleum 3-Month Rolling Average Turns Sharply Lower; Negative Shipping Rates; Collapse in Global Trade

Posted in Hot News on 10th February 2012

On February 6, I noted (with massive thanks to reader Tim Wallace) a Massive Plunge In Petroleum and Gasoline Utilization.Tim used weekly numbers, which display, a lot week-to-week volatility. As a substitute, I proposed utilizing rolling 3-month averages, compared to the exact same three months in prior years.Right now I received some updated charts that ...

Consumer mood worsens in February on income worries

Posted in Economy on 10th February 2012

NEW YORK | Fri Feb 10, 2012 10:09am EST NEW YORK (Reuters) - Americans turned less optimistic about the economy in early February on worries about falling income even as their outlook on the jobs market rose to a record high, a survey released on Friday showed. The Thomson Reuters/University of Michigan overall index of consumer sentiment ...

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