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Unemployment Continues Climbing to Record Levels
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Posted by MyPropsMonkey 19 hours 10 minutes ago (commoditytradealert.com).  Views: 3
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2 percent, limiting consumer spending and the breadth of the economic recovery. Federal Reserve Chairman Ben S. Bernanke said Nov. 17 that joblessness “likely will decline only slowly.” “We’re still going to see the unemployment rate in many metro [More...]
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US Economists Think China Should Raise the Value of Yuan
This Link is located in the Public Channel The Daily Reckoning Australia.
Posted by MyPropsMonkey 2 days ago (dailyreckoning.com.au).  Views: 1
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It wasn't our consumers who spent more than they had and went too deeply into debt. "It's the debtor who's supposed to pay, not the lender. We're the lender!" Behind all the superficial arguing, accusing and kvetching, however, is a sick [More...]
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The Great US-China Romance
This Link is located in the Public Channel The Daily Reckoning.
Posted by MyPropsMonkey 2 days ago (feedproxy.google.com).  Views: 3
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It wasn’t our consumers who spent more than they had and went too deeply into debt. “It’s the debtor who’s supposed to pay, not the lender. We’re the lender!” Behind all the superficial arguing, accusing and kvetching, however, is a sick [More...]
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Japan: Not Out of the Woods
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Posted by MyPropsMonkey 3 days ago (georgewashington2.blogspot.com).  Views: 1
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As RGE expected, fiscal stimulus lifted consumer spending in Q3 but the stimulus effect will fade going forward as public spending comes under strain from a heavy debt load. Louise Curley of Haver Analytics: "It should be noted that the data are [More...]
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Retail Earnings & Consumer Spending
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Posted by MyPropsMonkey 3 days ago (cnbc.com).  Views: 0
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Discussing what retail earnings say about the fast-approaching shopping season, with Brian Sozzi, of Wall Street Strategies; Hitha Prabhakar... Tues. Nov. 17 2009 | 11:01 AM [05:30]
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Video: Retail Earnings & Consumer Spending
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Posted by MyPropsMonkey 3 days ago (msnbc.msn.com).  Views: 2
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Discussing what retail earnings say about the fast-approaching shopping season, with Brian Sozzi, of Wall Street Strategies; Hitha Prabhakar, of the Style File Group; and CNBC's Jane Wells. (CNBC) Wall Street - CNBC - Retail - Jane Wells - Business
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IMF chief urges China to let yuan rise
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Posted by MyPropsMonkey 3 days ago (commoditytradealert.com).  Views: 2
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A stronger yuan would help Beijing’s effort to boost consumer spending and reduce reliance on investment and exports to drive growth, he said. Strauss-Kahn met with Chinese officials during a two-day visit and said such a rebalancing is the [More...]
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Goldman Sachs: "V-Shaped Recovery Unlikely"
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Posted by MyPropsMonkey 3 days ago (zerohedge.com).  Views: 3
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  This is visible in the Fed’s Senior Loan Officers’ survey, which showed that the net percentage of banks increasing their willingness to lend to consumer stood at +28% in 1975Q2 and +53% in 1983Q1, the quarters immediately following the end of the [More...]
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Full Ben Bernanke Speech Before Economic Club of New York
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Posted by MyPropsMonkey 4 days ago (zerohedge.com).  Views: 3
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On the other hand, those who are more optimistic point to indications of more fundamental improvements, including strengthening consumer spending outside of autos, a nascent recovery in home construction, continued stabilization in financial conditions, [More...]
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Video: Retail sales rise in October
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Posted by MyPropsMonkey 4 days ago (feeds.reuters.com).  Views: 1
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Nov. 16 - In a report that pointed to gradual improvement in consumer spending, the Commerce Department said sales at U.S. retailers rose 1.4 precent in October.
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Video: GM sees gains; Lowe's slumps
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Posted by MyPropsMonkey 4 days ago (feeds.reuters.com).  Views: 1
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Nov. 16 - Consumer spending continues to improve and GM will repay debt early.
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FedSpeak Translation 11/16
This Link is located in the Public Channel Karl Denninger's Blog - The Market Ticker.
Posted by MyPropsMonkey 4 days ago (market-ticker.denninger.net).  Views: 5
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On the other hand, those who are more optimistic point to indications of more fundamental improvements, including strengthening consumer spending outside of autos, a nascent recovery in home construction, continued stabilization in financial conditions, [More...]
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FedSpeak Proves Correlation *AGAIN*
This Link is located in the Public Channel Karl Denninger's Blog - The Market Ticker.
Posted by MyPropsMonkey 4 days ago (market-ticker.denninger.net).  Views: 3
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" isn't good for consumer income - and morale? Weak income growth, should it persist, will restrain household spending. There is no income growth.  Intentional understatements of inflation - hedonic adjustments and the refusal to include [More...]
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Fed Chairman Ben Bernanke at Economic Club of NY
This Link is located in the Public Channel Calculated Risk.
Posted by MyPropsMonkey 4 days ago (feedproxy.google.com).  Views: 1
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On the other hand, those who are more optimistic point to indications of more fundamental improvements, including strengthening consumer spending outside of autos, a nascent recovery in home construction, continued stabilization in financial conditions, [More...]
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Don't Worry, We're Vigilantly Monitoring The Plummeting Dollar
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Posted by MyPropsMonkey 4 days ago (feedproxy.google.com).  Views: 6
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On the other hand, those who are more optimistic point to indications of more fundamental improvements, including strengthening consumer spending outside of autos, a nascent recovery in home construction, continued stabilization in financial conditions, [More...]
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Shop til we drop (but only on cars): Retail sales rise mostly on account of high auto sales
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Posted by MyPropsMonkey 4 days ago (feeds.nydailynews.com).  Views: 1
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Retail sales rose more than expected in October due largely to a big rebound in auto sales. But broader consumer spending remains under pressure, raising questions about the durability of the recovery.
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We Don't Need Any Steenking Consumers
This Link is located in the Public Channel Karl Denninger's Blog - The Market Ticker.
Posted by MyPropsMonkey 7 days ago (market-ticker.denninger.net).  Views: 3
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All we need is for The Fed to encourage and promote the dollar carry trade, and we can pump the stock market to the moon - even though unemployment continues to skyrocket and consumer confidence, a leading indicator of consumer spending and activity, was [More...]
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Reality .vs. Spin - Confidence And Trade
This Link is located in the Public Channel Karl Denninger's Blog - The Market Ticker.
Posted by MyPropsMonkey 7 days ago (market-ticker.denninger.net).  Views: 4
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This is being cited as "evidence" that the consumer has turned the corner - that consumption is increasing, and the economy recovering. “Sometimes what looks bad on the surface is actually quite good and I think that’s the case this time [More...]
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Chris Dodd Wants To Help: Be Afraid!
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Posted by MyPropsMonkey 7 days ago (feedproxy.google.com).  Views: 2
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SENATOR CHRISTOPHER DODD of Connecticut is trying to help consumers. Unfortunately, his plan is likely to backfire. Despite the recent promising signs on economic growth, unemployment is rising and consumer spending is contracting. The slight rise in [More...]
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Dollar Decline Too Powerful for Brazil, Korea as Currency Reserves Mount
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Posted by MyPropsMonkey 8 days ago (commoditytradealert.com).  Views: 5
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Six straight months of job growth, coupled with tax breaks and record low borrowing costs, pushed up consumer spending and helped Latin America’s largest economy rebound from the global financial crisis. “I hear a lot of noise reflecting the [More...]
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