Economics

Initial Claims Crash To 44 Year Lows But Over 700,000 More People Are On Jobless Benefits Since Trump Was Elected

Thursday, January 19, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jan 19, 2017 1.74mm people were ‘continuing’ to claim jobless benefits before Donald Trump was elected. In a mysterious fluke of statistical smoke and mirrors, that marked the absolute trough in the data series – showing just how awesome the economy was for Hillbama. Last week’s 2.46mm print for continuing... »

“Costs Are Rising, Wages Are Dropping” – The ‘Real’ Economy That Obama Left For Trump

Wednesday, January 18, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jan 18, 2017 As President Obama held his last press conference this afternoon, basking in the warm afterglow of an over-sampled poll showing his favorability near record highs, it would appear he (and the press corps) forgot to mention that for most Americans – the 80% in production and nonsupervisory... »

More Davos Elites Suggest Banning Cash…

Wednesday, January 18, 2017
By Paul Martin

by Phoenix Capital… ZeroHedge.com Jan 18, 2017 A central theme for the Davos World Economic Forum is a push to ban cash. Yesterday we outlined how Nobel Prize winning economist Joseph Stiglitz was urging the US to do away with physical cash. Today, Paypal CEO Dan Schulman is doing much the same thing although... »

Another Retailer Goes Bankrupt, Shutters Stores, While Tiffany Blames Trump Tower for US Holiday Sales Debacle

Wednesday, January 18, 2017
By Paul Martin

by Wolf Richter WolfStreet.com Jan 17, 2017 And American Apparel shuts down. This time a year ago, Tiffany & Co. cut its full-year forecast after reporting a drop in holiday sales. It blamed sluggish tourist spending and the strong dollar. Rinse and repeat. But today, it changed the culprit to the brouhaha around Trump... »

End of 2017 Gold Up & Dollar Down-Nomi Prins

Wednesday, January 18, 2017
By Paul Martin

By Greg Hunter USAWatchdog.com January 18, 2017 Best-selling author Nomi Prins says two of the big wild cards are Donald Trump and Europe. Prins explains, “The biggest wild card is a combination. Trump is a wild card, but so is Europe. Right now, the political lens goes over to Europe. It’s caught between its... »

Jamie Dimon Just Warned The Euro Zone May Not Survive

Wednesday, January 18, 2017
By Paul Martin

KingWorldNews.com January 18, 2017 With continued uncertainty in global markets, Jamie Dimon just chimed in by warning that “the euro zone may not survive.” Here is a snippet from Bloomberg: Dimon said he hoped European Union leaders would examine what caused the U.K. to vote to leave and then make changes. That hasn’t happened,... »

Lagarde Urges Wealth Redistribution To Fight Populism

Wednesday, January 18, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jan 18, 2017 “I want to be loud and clear: populism scares me… policy makers need to ‘man-up’ and pay for the social cohesion that we need to keep our societies advancing… it probably means more redistribution than we have in place at the moment and accept that this may... »

BIG MOVEMENT AHEAD IN THE SILVER MARKET… Serious Trouble In The Paper Markets

Wednesday, January 18, 2017
By Paul Martin

By: Steve St. Angelo, SRSrocco Report SilverSeek.com January 17, 2017 The Silver Market will experience a significant trend change in the future due the unraveling of the paper markets. Already we are witnessing a lot of political turmoil and havoc as President-elect Donald Trump gets ready to take over the White House in the... »

Gold Up 5.5% YTD – Hard Brexit Cometh and Weaker Dollar Under Trump

Wednesday, January 18, 2017
By Paul Martin

By: GoldCore GoldSeek.com Wednesday, 18 January 2017 GOLD PRICES UP 5.5% YTD – CONCERNS OF “CALAMITOUS SELF-HARM” TO EU FROM BREXIT AND TRUMP DOLLAR COMMENTS SUPPORT GOLD Gold prices extended their run of gains to a seventh session and added another $12 to $1,215 an ounce yesterday. Gold prices have consolidated on those gains... »

Border Tax “Back On The Table” After Trump Walks Back “Provocative” Statement

Wednesday, January 18, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jan 18, 2017 Just a day after Trump’s WSJ comments on the dollar being overvalued, and criticism on the proposed Border-Tax Adjustment sent the dollar into a tailspin and hit global risk level, Trump appears to have walked back his statements in an interview granted to Axios in which he... »

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