Thursday, June 16, 2016

What Greensboro's News and Record and the Triad Business Journal aren't going to tell you about the economy

"...10. Federal tax receipts and state tax receipts usually both start to fall as we enter a new recession, and that is precisely what is taking place right now."

As Greensboro's City Council lines up a couple hundred million
in newly borrowed money to maintain power via hand outs

1. Industrial production has declined for nine months in a row.  It's never happened outside of a recession in U.S. history.

Like cigarettes in Greensboro

2. U.S. commercial bankruptcies have risen on a year over year basis for seven months in a row and are up 51 percent since September.

Elizabeth Warren and Hillary Clinton condoned Bank of America's Brian Moynihan Insider Trading and Securities Fraud

3. The delinquency rate on commercial and industrial loans has been rising since January 2015.

Commercial and Industrial (C&I) loan delinquency rates

4. Total business sales in the United States have been steadily dropping since the middle of 2014.  No, I did not say 2015.  Total business sales have been in decline for nearly two years now, and we just found out that they dropped again…

And now we are paying more for Water and Sewer
on top of a 300% increase in Greensboro's car tax
which Justin Outling, Sharon Hightower, Yvonne Johnson and Jamal Fox didn't object to, 
betraying our poorest citizens and many of their constituents 

5. U.S. factory orders have been dropping for 18 months in a row.

Freightliner laying off 800 in North Carolina

Volvo and Mack are based in Guilford County

6. The Cass Shipping Index has been falling on a year over year basis for 14 consecutive months.

New Breed and Old Dominion

7. U.S. coal production has dropped to the lowest level in 35 years.

8. Goldman Sachs has its own internal tracker of the U.S. economy, and it has fallen to the lowest level since the last recession.

9. JPMorgan’s “recession indicators” have risen to the highest level that we have seen since the last recession.

Greensboro City Council passed regressive tax increase on Greensboro's poor 

11. The Federal Reserve’s Labor Market Conditions Index has been falling for five months in a row.

Ralph Lauren to close 50 stores
...cutting 8% of the full-time workforce, or about 1,000 employees

12. The employment numbers that the government released for last month were the worst that we have seen in six years.

Which are very much manipulated

13. According to Challenger, Gray & Christmas, layoff announcements at major firms are running 24 percent higher this year than they were at this time last year.

14. Online job postings on the business networking site LinkedIn have been declining steadily since February after 73 months in a row of growth.

15. The number of temporary workers in the United States peaked and started falling precipitously before the recession of 2001 even started.  The exact same thing happened just prior to the beginning of the 2008 recession.  ...the number of temporary workers in the United States peaked in December and has fallen dramatically since then
"The -4.8 print was considerably worse than the -0.8 expectation"; Dow Jones near highs = Rigged Financial markets and links

Global Investors Are Fleeing U.S. Stocks at a Record Pace

How are the parents of the young also going to pay for their elders at the same time?

Japan Machinery Orders and China Imports from Hong Kong; Soros shorts Financial Markets and comment

Bank Stock Relative Performance = Our Banks are the Financial Market and the Federal Reserve is owned by its Member Banks = Rigged Economy

Tax Receipts = Slowing state and local government spending = Panic among the elected

"The Keynesians, [Hillary Clinton, Elizabeth Warren and Mitch McConnell's crowd] Stole The Jobs"

Coming soon to Greensboro's Performing Arts Center

"Our money is broken, and we need to fix it"

Bill Gross; “carry” in financial markets are compressed, resulting in artificially high asset prices and a distortion of future risk relative to potential return that an investor must confront."

"What John Oliver learned [which Greensboro's City Council and City Staff Didn't] while setting up a 401(k) plan for his employees"