Census Bureau

Tyler Durden's picture

The American Dream Is Dead (And Now Even The Mainstream Media Is Starting To Admit It)





Are you living “the American Dream”?  If so, you should consider yourself to be very fortunate, because most Americans are not

 
Tyler Durden's picture

Who Can Afford The American Dream? "Rental Rates Have Reached Apocalyptic Levels"





That American Dream thing is a going up in smoke. Upward mobility has stalled, and stagnation is setting in. Skyrocketing costs and shrinking opportunity are meeting head on with full on economic disaster. The "Dude, Where’s My Stuff?" generation doesn’t have much motivation to go on for growing up and getting their life together these days.

 
Tyler Durden's picture

US Economy – Slip-Sliding Away





It must be China. Or the weather, which is usually either too cold or to warm – somehow the weather is just never right for economic growth. Surely it cannot be another Fed policy-induced boom that is on the verge of going bust? Sorry, we completely forgot – the Fed is never at fault when the economy suffers a boom-bust cycle. "[An] oversold market can easily become more oversold when it keeps being inundated with evidence that economic conditions are not what they were thought to be."

 
Tyler Durden's picture

Atlanta Fed Waits Until The Close To Reveal 0.6% Q4 GDP Estimate





The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2015 is 0.6 percent on January 15, down from 0.8 percent on January 8. The forecast for fourth quarter real consumer spending growth fell from 2.0 percent to 1.7 percent after this morning's retail sales report from the U.S. Census Bureau and the industrial production release from the Federal Reserve.

 
Tyler Durden's picture

The US Consumer Is Drowning His Sorrows At The Bar





"Today we feast, for tomorrow we die..."

 
Tyler Durden's picture

If You Don't Agree With Obama You Are "Peddling Fiction"





Prosperity is not complicated. People figured out thousands of years ago that if you wanted to do well, you had to produce more than you consumed. But the American system is the exact opposite, favoring those who recklessly borrow and spend, rather than those who work hard and responsibly save. The President of the United States boldly accused everyone who doesn’t share his view as just making things up. In his words, “Anyone claiming that America’s economy is in decline is peddling fiction.” This is an extraordinary (and delusional) statement.

 
Tyler Durden's picture

Bank Of America Is "Confused" Why Retail Spending Refuses To Pick Up





This is the title of its latest piece looking at retail spending paterns based on its credit and debit card data: "Confusingly cautious consumer." Here is why BofA so confused by the cautious consumers.

 
Tyler Durden's picture

FBI Said To Probe If Hillary Clinton Violated Public Corruption Laws





In what may be the latest bad news for Hillary Clinton, whose various "previous life" scandals - from emails, to Clinton foundation donations - refuse to go away, the Hill reports, citing Fox News, that the FBI has expanded its investigation of Hillary Clinton's use of a private email server during her time as secretary of State to determine whether her Clinton Foundation work violated public corruption laws.

 
Tyler Durden's picture

In Q4 When 282,000 Average Jobs Were Supposedly Added, The Atlanta Fed Sees GDP At A Paltry 0.8%





So, to summarize: in a quarter in which GDP rose by 0.8%, and was likely negative when excluding the benefits - yes, that's right, benefits - of the warm winter, the same way last year's "harsh winter" supposedly subtracted from GDP, the US added on average over 270,000 workers per month. Just when you thought the Chinese Department of Truth couldn't be topped...

 
Tyler Durden's picture

Gallup Explains Trump: "A Staggering 75% Of Americans Believe In Widespread Government Corruption"





What explains America's revulsion with the existing system? The answer comes from the latest Gallup article: "Explaining Trump: Widespread Government Corruption" in which it finds that once the silent majority of the population can identify the object of their distrust and anger - in this case Congress and the political status quo - and once they can subsequently identify an object that represents its opposite, the latter object's distance to the Oval Office becomes considerably shorter.

 
Tyler Durden's picture

Trade Deficit Improves In November Despite Trade Slowdown, As "Exports Decrease Less Than Imports"





The US November Trade deficit printed at $42.4 billion, down from $44.6 billion in October and better than the $44.0 billion consensus expectation. However, instead of suggesting on overall improvement, the only reason the deficit improved is because as the BEA admitted, "exports decreased less than imports", in other words, both decreased. Specifically, imports fell 1.7% in Nov. to $224.59b from $228.36b in Oct, while exports fell 0.9% in Nov. to $182.21b from $183.78b in Oct. A key driver was another decline in petroleum imports which fell $262 million to a total of $10.7 billion courtesy of the drop in oil prices.

 
Tyler Durden's picture

The Tragicomedy Of Self-Defeating Monetary Policy





Bill Dudley and the Federal Reserve (Fed), in their efforts to influence economic growth may have created a speculative and consumption driven environment that is crushing productivity growth. Ingenuity, not debt, made America an economic powerhouse. If we are to resume down that path we need the Fed to end their “self-defeating” policies and in its place we must demand ingenuity from them. The Fed, along with government, needs to properly incent productivity. The Fed should start this arduous task by removing excessive stimulus which will take the speculative fervor out of markets and allow asset bubbles to deflate.

 
Tyler Durden's picture

The Rise Of The Temp Economy: More U.S. Employers Than Ever Want A "Disposable Workforce"





In this day and age it seems like almost everything is disposable, and many employers have found that they can make a lot more money if they have a workforce that can be turned on and off like a faucet. In America today, there are more than 17 million “independent workers”, and they represent a bigger share of the workforce than ever before.

 
Tyler Durden's picture

58 Facts About The U.S. Economy From 2015 That Are Almost Too Crazy To Believe





The world didn’t completely fall apart in 2015, but it is undeniable that an immense amount of damage was done to the U.S. economy. So don’t be fooled by all the happy talk coming from Barack Obama and the mainstream media.  When you look at the cold, hard numbers, they tell a completely different story.  The following are 58 facts about the U.S. economy from 2015 that are almost too crazy to believe...

 
Syndicate content
Do NOT follow this link or you will be banned from the site!