Wednesday, September 14, 2011

Today's Daily Economic Report

Pressure grows on Europe to do more to help euro
European socialism is hurting everyone in the world. The world is tired of it.

Retail sales flat in August, auto demand declined
Government spending has everyone worried and not spending and do not forget college tuitions were do (which are overly priced because of guaranteed government student loans which leads to colleges charging whatever they want).

Stock indexes edge higher on optimism about Greece
Stocks move higher? 34 points is nothing in this age of billion dollar buys and sells done in nanoseconds, total spin. Volatility and large swings in the stock market are the norm now. This is a manipulated market that donates 2/3 to the Democrats.

Wholesale prices flat, as inflation pressures ease
Spin. Inflation has been deferred until trillions of dollars of bonds and treasuries mature over the next 3, 5 and 10 years. Also, every other currency in the world is doing even worse than the dollar.

Business inventories and sales rose July
Private Business (70% of U.S. GDP) has been increasing since the Bush tax cut extensions were passed in Dec 2010. The total economic numbers are down because the public sector (30% of U.S. GDP) has been tanking since the Republican led house has stopped funneling Federal Dollars into the states. The public sector (public unions and publicly traded companies, stock market) has been insulated for the last three years by Pelosi, Reed, Bernanke and Obama. No longer. Now they are feeling what the rest of us have for the last three years.

House probing $528M loan to failed solar company
Eric Holder will not investigate. The rampant theft and corruption by Obama and his people will not change until we have a new president with a new attorney general.

No comments:

Post a Comment