Economy is doing great
- Thread starter Alinvegas
- Start date
Caroljo
Senator
154 stores just in the US.....10,000 more Americans without a job. Oh, but Walmart says they HOPE to move the workers to others areas. Really? People are not going to move to other towns just to keep working at Walmart when they can draw unemployment & possibly get other benefits.
As for the DOW.....I think we have a problem. I don't even want to look at my 401K.
As for the DOW.....I think we have a problem. I don't even want to look at my 401K.
georgephillip
Senator
"The market storm that has engulfed Wall Street to start 2016 is again taking aim at stock investors, with the Dow losing more than 500 points before moderating its losses, as increasingly jittery traders react to the latest swoon in oil prices and another big selloff in Chinese stocks overnight."
Maybe it's the three-day weekend?
http://www.usatoday.com/story/money/markets/2016/01/15/chinese-stocks-enter-bear-market/78835704/
Maybe it's the three-day weekend?
http://www.usatoday.com/story/money/markets/2016/01/15/chinese-stocks-enter-bear-market/78835704/
connieb
Senator
I read about this this afternoon, and most of the stores being closed were their smaller express stores which were within 10 miles of other stores. So the other stores may be able to absorb some of the employees.
16,000 new unemployed
1/3 of oil industry close to bankruptcy (with soon released Iran oil, that will increase)
wages are flat
middle class in peril
Yet, hellofajob Θ has done
Prediction market will drop 80% in 2016, below 16,000 now
Iran Deal will now allow glut of Iran Oil...........we've only just started the fall
Constitutional Sheepdog
][][][%er!!!!!!!
price of oil goes with demand if there is a demand oil goes up. If the economy is doing good why isn't there a demand?
georgephillip
Senator
"Oil prices settled below $30 a barrel on Friday for the first time in 12 years as turmoil in Chinese markets and the expected increase in Iranian crude exports added to concerns that a global glut will linger."
http://www.wsj.com/articles/oil-prices-fall-below-30-a-barrel-1452853918
Are we looking at firework$ in Cleveland and Philadelphia this $ummer?
http://www.uspresidentialelectionnews.com/2016-party-conventions/
Boo Hoo...Doom and Gloom...Hoping America fails...You sound like a traitor
Constitutional Sheepdog
][][][%er!!!!!!!
Stating fact is not hoping for anything. Pointing to a house on fire and saying look a house is on fire is not hoping the house or nearby homes will burn down. Liberal logic is stupid.
Everything will be fine...*edited*
Last edited by a moderator:
Reality isn't "Hoping America fails" it's facts..........educate yourself that everything in America isn't FREE and soon many going to learn that the hard way.
BTW: it's at top of page, you diss'n SW's advertisers?
http://thesovereigninvestor.com/exclusives/80-stock-market-crash-to-strike-in-2016/?z=451506
Last edited:
georgephillip
Senator
http://www.wsj.com/articles/oil-prices-fall-below-30-a-barrel-1452853918
"After more than a year of collapse, this week saw some of oil prices’ biggest losses since the financial crisis.
"A glut of oil hasn’t caused producers to slow down and traders are worried that demand won’t grow enough to soak it up.
"That has pushed oil into a bear market, with both U.S. and global prices down more than 20% since the start of the year.
"Dour economic signs have inflamed fears about demand in China, the world’s second-biggest oil consumer.
"Also, Iranian oil is expected to hit the market soon after long-standing international sanctions are lifted.
“'This is a culmination of all those things,' said Michael Tran, commodity strategist at RBC Capital Markets. 'It’s all causing a panic in the market where sentiment was already poor to begin with.'”
A glut of oil and producers don't slow down?
Why would that happen?
"After more than a year of collapse, this week saw some of oil prices’ biggest losses since the financial crisis.
"A glut of oil hasn’t caused producers to slow down and traders are worried that demand won’t grow enough to soak it up.
"That has pushed oil into a bear market, with both U.S. and global prices down more than 20% since the start of the year.
"Dour economic signs have inflamed fears about demand in China, the world’s second-biggest oil consumer.
"Also, Iranian oil is expected to hit the market soon after long-standing international sanctions are lifted.
“'This is a culmination of all those things,' said Michael Tran, commodity strategist at RBC Capital Markets. 'It’s all causing a panic in the market where sentiment was already poor to begin with.'”
A glut of oil and producers don't slow down?
Why would that happen?
Lukey
Senator
Because they have a bunch of debt to repay if they want to survive?
The blue line marks Yellen’s announcement of the Fed’s current tightening bias in the summer of 2014.
http://www.zerohedge.com/news/2016-01-15/game-chicken-between-fed-pboc-escalates
worldlymrb
Daddy
The 'real' USA economy has been in recession most of 2015 and is now rapidly entering into a depression. Contrary to the Fantasyland economy of the Federal Reserve, Obama and his delusional party storm troopers, built a faux recovery exclusively benefiting the filthy rich (aka 1%'ers).
Six Years Later, 93% of U.S. Counties Haven't Recovered
Jan 12, 2016 7:34 am ET - More than six years after the economic expansion began, 93% of counties in the U.S. have failed to fully recover from the blow they suffered during the recession.
Nationwide, 214 counties, or 7% of 3,069, had recovered last year to prerecession levels on four indicators: total employment, the unemployment rate, size of the economy and home values, a study from the National Association of Counties released Tuesday found.
http://blogs.wsj.com/economics/2016...-havent-recovered-from-recession-study-finds/
Six Years Later, 93% of U.S. Counties Haven't Recovered
Jan 12, 2016 7:34 am ET - More than six years after the economic expansion began, 93% of counties in the U.S. have failed to fully recover from the blow they suffered during the recession.
Nationwide, 214 counties, or 7% of 3,069, had recovered last year to prerecession levels on four indicators: total employment, the unemployment rate, size of the economy and home values, a study from the National Association of Counties released Tuesday found.
http://blogs.wsj.com/economics/2016...-havent-recovered-from-recession-study-finds/
Last edited:
worldlymrb
Daddy
Don't need as much oil when economies are collapsing into a depression.
"Nothing Is Moving," Baltic Dry Crashes As Insiders Warn "Commerce Has Come To A Halt"
The continued collapse of The Baltic Dry Index remains ignored by most - besides we still have Netflix, right? But, as Dollar Vigilante's Jeff Berwick details, it appears the worldwide 'real' economy has ground to a halt!!
You can see one such report here. According to it,
"Commerce between Europe and North America has literally come to a halt. For the first time in known history, not one cargo ship is in-transit in the North Atlantic between Europe and North America. All of them (hundreds) are either anchored offshore or in-port. NOTHING is moving.
This has never happened before. It is a horrific economic sign; proof that commerce is literally stopped."
We checked VesselFinder.com and it appears to show no ships in transit anywhere in the world. We aren’t experts on shipping, however, so if you have a better site or source to track this apparent phenomenon, please let us know.
http://www.zerohedge.com/news/2016-...-crashes-insiders-warn-commerce-has-come-halt
worldlymrb
Daddy
Don't need much rail traffic in a economic collapse either.
Derailed? What Rail Traffic Tells Us About The US Economy
Raw materials and goods need to be transported regardless of how modern or sophisticated an economy is.
Every week the Association of American Railways (“AAR”) posts a free report on rail volumes transported across North America by major category. This provides some decent clues on the condition of the US economy, almost in real time.
Let’s see what the latest report covering virtually all of 2015 is telling us...
But don't worry, the un-elected/for-profit Federal Reserve say they're going to raise interest rates 100 basis points this year and strengthen the dollar even more (aka Austerity).
Derailed? What Rail Traffic Tells Us About The US Economy
Raw materials and goods need to be transported regardless of how modern or sophisticated an economy is.
Every week the Association of American Railways (“AAR”) posts a free report on rail volumes transported across North America by major category. This provides some decent clues on the condition of the US economy, almost in real time.
Let’s see what the latest report covering virtually all of 2015 is telling us...
But don't worry, the un-elected/for-profit Federal Reserve say they're going to raise interest rates 100 basis points this year and strengthen the dollar even more (aka Austerity).
Last edited:
