[eXpat]

8% will be the new minimum unemployment. Those millions of jobs are not coming back due to automation, outsourcing and greater productivity of existing employees(aka slave labor).

Why? Why can't a dude press a button on an automata instead of drilling the hole by hand?
And the time saved can be used for leasure.

You aren't in management are you?

Thanks for the belly laugh, Cog!

And eXpat's above article said that $4 was the symbolic point when Americans think gas is too high. Gee, and here I thought it was $3 just a little while ago! And before that $2...

I guess those cheap people have been priced out of the market.

And next is going to be $5 $4.99 is fine though

[eXpat]

Interesting, isn´t it?

What does this mean?

Well, as the graph clearly indicates, America’s per capita government debt is worse than that of Portugal, Ireland, Italy, Spain, Greece (PIIGS), and France.

Get that? America’s per capita debt is worse than the PIIGS! You know, the countries primarily responsible for pulling the eurozone into financial catastrophe?

And it gets worse. As the Budget Committee notes, under the president’s plan, gross federal debt will reach $75,000 per capita by 2022.

Big deal. How important is this anyway?

Considering that per capita debt is a means of gauging the likelihood of a country’s ability to repay its debts, that is, it helps determine whether a country’s government bonds are at risk of default, we‘d say that it’s a pretty big deal.

http://www.theblaze.com/stories/this-chart-of-americas-per-capita-debt-should-worry-you/

[ralfy]

"The Worst Economic Recovery in History"

http://online.wsj.com/article/SB1000142 ... 04292.html

[dolanbaker]

8% will be the new minimum unemployment. Those millions of jobs are not coming back due to automation, outsourcing and greater productivity of existing employees(aka slave labor).

Why? Why can't a dude press a button on an automata instead of drilling the hole by hand?
And the time saved can be used for leasure.

In a world free of debt, such a situation could be possible if you only needed to work 20 hours a week or so to finance your lifestyle. I don't think such a thing has been possible since the dark ages!

[ralfy]

"The Worst Economic Recovery in History"

http://online.wsj.com/article/SB1000142 ... 04292.html

"18 Staggering Charts On The Rise Of Government Dependence"

http://www.businessinsider.com/18-stagg ... nce-2012-2

"45 Signs That America Will Soon Be A Nation With A Very Tiny Elite And The Rest Of Us Will Be Poor"

http://endoftheamericandream.com/archiv ... ll-be-poor

"Moody's May Downgrade 17 Banks, Securities Firms"

http://www.cnbc.com/id/46404936/

"19 Signs Of Very Serious Economic Trouble On The Horizon"

http://theeconomiccollapseblog.com/arch ... he-horizon

"Bank of America On Why, Contrary To Popular Delusion, America Is Not Decoupling"

http://www.zerohedge.com/news/bank-amer ... decoupling

"Consumer Credit Decelerates Most Since Feb 2011"

http://www.zerohedge.com/news/consumer- ... t-feb-2011

"NFP Big Miss: 120K, Expectations 205K, Unemployment 8.2%, 'Not In Labor Force' At New All Time High"

http://www.zerohedge.com/news/nfp-big-m ... loyment-82

[ralfy]

"51 Months After The Start Of The Recession, Here Is The Report Card"

http://www.zerohedge.com/news/51-months ... eport-card

"Four Weeks Of Deja Vu Propaganda"

http://www.zerohedge.com/news/four-week ... propaganda

[eXpat]

GAME ON: The Best Fed Source In The World Says QEIII Is Now On The Table

The WSJ's Jon Hilsenrath -- whom Cardiff Garcia has dubbed "Fedwire" -- reports that more Fed action is now officially on the table due to the slew of weak incoming data.

There's no gaurantee that it will happen, or that if it did happen it would be at the June 20 meeting, but the presses are being warmed up.

Top Fed officials have said that they would support new measures if they became convinced the U.S. wasn't making progress on bringing down unemployment. Recent disappointing employment reports have raised this possibility, but the data might be a temporary blip. Moreover, the Fed's options for more easing are sure to stir internal resistance at the central bank if they are considered.

Their options include doing nothing and continuing to assess the economic outlook—or more strongly signaling a willingness to act later if the outlook more clearly worsens. Fed policy makers could take a small precautionary measure, like extending for a short period its "Operation Twist" program—in which the Fed is selling short-term securities and using the proceeds to buy long-term securities. Or, policy makers could take bolder action such as launching another large round of bond purchases if they become convinced of a significant slowdown.

Read more: http://www.businessinsider.com/game-on-the-best-fed-source-in-the-world-says-qeiii-is-now-on-the-table-2012-6#ixzz1x2OimNjw

[eXpat]

Big US banks brace for downgrades

Banks, bond issuers and investors are bracing for aftershocks from a wave of bank downgrades expected to hit the U.S. as soon as the coming week.

Moody's Investors Service has said it is likely to reduce by the end of June credit ratings for 17 large global banks, including five of the six biggest U.S. financial firms by assets.

The downgrades are expected to raise borrowing costs and crimp some lucrative trading businesses at the banks, including at J.P. Morgan Chase, Bank of America, Citigroup, Goldman Sachs and Morgan Stanley.

The impending downgrades are adding to the unease already plaguing banks, investors and borrowers. Financial markets are on edge as the European debt crisis deepens and the likelihood grows of a Greek exit from the euro zone. Economies in the U.S. and China are showing signs of slowing.

While banks and investors all anticipate downgrades in the coming week, many banks have lobbied Moody's to limit the size of its cuts.

The downgrades would mean that Moody's ratings for the five U.S. banking giants are the lowest of the three major credit-rating firms. While Moody's has given the market plenty of notice, some investors worry that action by Moody's could precipitate downgrades by S&P and Fitch.

http://www.presstv.ir/usdetail/245411.html
And
http://online.wsj.com/article/SB10001424052702303296604577454284259305826.html