Archive for the 'Economy' Category

Corporate Profits At All Time High, Wages At All Time Low

By Justin Gardner | Related entries in Business, Economy, Money

The corporate tax rate needs to be dropped. Right… Corporate profits as a % of GDP… Wages as a % of GDP… Who shared the graphs? None other than Mr. Internet Bubble himself, Henry Blodget. He has since reformed and started a reliable site called Business Insider he started a couple years ago. And he’s […]

June 22nd, 2012 | Permalink| 22 Comments »

Debt Collection Infographic – What You Need To Know

By Justin Gardner | Related entries in Debt, Economic crisis, Economic recovery, Economy, Infographic, Money

During the past decade many Americans have faced a reality where their debt has exceeded their income, sometimes through no fault of their own. So when I saw an infographic come in about how consumers can protect themsleves, I thought it would be interesting to share. This from the creator, Frugal Dad: Collector abuse is […]

June 19th, 2012 | Permalink| 5 Comments »

Despite Record Profits, April Jobs Report Dismal With Only 69,000 Jobs Added

By Justin Gardner | Related entries in Economic recovery, Economy

CNBC has the details… As another summertime swoon looms, the Bureau of Labor Statistics reported that job creation missed economist estimates for 158,000 new positions and the jobless rate rose for the first time in nearly a year. Labor force participation remains near 30-year lows though incrementally better than last month, rising to 63.8 percent. […]

June 1st, 2012 | Permalink| No Comments »

Wash Post: Obama, Romney Tied On Economy

By Justin Gardner | Related entries in Barack, Economy, Obama, Romney

It’s nearly June and unless the economy starts picking up significantly, Romney is likely to pull ahead in more polls like these… The parity on economic issues foreshadows what probably will continue to be a tough and negative campaign. Overall, voters would be split 49 percent for Obama and 46 percent for Romney if the […]

May 22nd, 2012 | Permalink| No Comments »

Personal Credit Card Debt Levels Inch Back Up

By Justin Gardner | Related entries in Economy, Money

Right before the financial crisis hit, there were reports that Americans were spending about a cent more than they were saving. This was due to many factors, but I definitely think the “pay it later” attitude that our government (and every other government in the first world) has adopted is to blame in some part. […]

February 27th, 2012 | Permalink| 1 Comment »

Where’s Obama’s Jobs Bill?!? Oh, Wait. Here It Is.

By Justin Gardner | Related entries in Barack, Democrats, Economic recovery, Economy, Jobs, Legislation, Obama, Republicans

But…but…this goes against the Republican narrative! American Jobs Act — Final There really aren’t any controversial elements in here at all. Yes, Republicans are going to push back on any additional spending, but it’ll be hard for them to break this apart and only get the tax cuts through. So it’ll be up to them […]

September 12th, 2011 | Permalink| No Comments »

David Frum On Conservative Economics: Were We Wrong?

By Justin Gardner | Related entries in Business, Economic crisis, Economic recovery, Economy, Money, Republicans

A very sobering piece to write, no doubt, but needed nonetheless. Especially when you consider the revised GDP numbers from 2008. From Frum Forum: Two years ago, Commerce estimated the decline of the US economy at -0.5% in the third quarter of 2008 and -3.8% in the fourth quarter. It now puts the damage at […]

August 4th, 2011 | Permalink| 15 Comments »

ADP: Jobs Grew by Nearly 300,000 In December

By Justin Gardner | Related entries in Economic recovery, Economy, Jobs

Looks like businesses are finally feeling some confidence. Maybe they read my post? Probably not. Regardless, if the above number holds up when the government reports on Friday it would represent triple what Wall Street was predicting. Daily Finance has more good news: Separately, private placement firm Challenger, Gray & Christmas said planned layoff announcements […]

January 5th, 2011 | Permalink| 1 Comment »

A Happy New Year message from Peter Schiff: The value of your house is still 20% too high.

By mw | Related entries in Bad Decisions, Economic recovery, Economy, Federal Reserve, Fiscal stimulus, Housing

When an economic bubble bursts, normalcy can only return if the price excesses created during the bubble are wrung out of the market. A recession is often a painful but necessary market mechanism that corrects the pricing distortion and consequent misallocation of capital that occurs in a bubble. When government intervention prevents the mispriced asset class from fully deflating, capital continues to be misallocated and economic malaise lingers on. This is the takeaway message from Peter Schiff’s Wall Street Journal editorial.

December 31st, 2010 | Permalink| 22 Comments »

Bloomberg Slams Both Sides On The Economy

By Justin Gardner | Related entries in Bipartisan, Bloomberg, Democrats, Economy, Republicans, Video

Big time speech today from the guy who definitely has his eye on the White House. Here’s the video… I’ll offer the transcript below after my analysis. Personally, this feels disingenuous from a guy like Bloomberg who has repeatedly used the government to regulate New York City businesses and consumer behavior six ways to Sunday. […]

December 8th, 2010 | Permalink| 14 Comments »