I WOULD LIKE TO EXTEND ONCE AGAIN AN INVITATION TO READERS OF THIS BLOG TO JOIN ME ON TWITTER AT: @drjackrasmus.
THIS BLOG PROVIDES INTERMEDIATE ANALYSES. MY TWITTER ACCOUNT OFFERS BREAKING NEWS AND COMMENTARY.
A sample of my recent ‘tweets’ on the economy over the past three weeks, August 20 to Sept. 7,are as follows:
• Dr. Jack Rasmus @drjackrasmus 1m
Is Eurozone Econ Recovery underway? Don’t bet on it. Today’s Industrial Production rept. shows -1.5% decline for July vs. forecast of+ 0.1%
• Dr. Jack Rasmus @drjackrasmus 3h
Latest IRS data study shows Top 1% accrued 95% of all income gains, 2009-2012. Remaining 99% declined 0.4%. Median and below, big declines.
• Dr. Jack Rasmus @drjackrasmus 6 Sep
Read my piece tomorrow (9-7) on the Znet blog: “Larry Summers-Next Fed Chairman?” And why there’ll be no ‘Summers Effect’ as Fed chair.
• Dr. Jack Rasmus @drjackrasmus 6 Sep
Obama should have been a union rep. Then he’d know “never take a strike vote unless you know they’ll vote yes” (Syria=big egg on his face)
• Dr. Jack Rasmus @drjackrasmus 6 Sep
Check out my blog piece, ‘Federal Reserve Policy-Past Failures and Future ‘Tail Risks’, at http://jackrasmus.com .
• Dr. Jack Rasmus @drjackrasmus 6 Sep
Will Fed now back off from QE 9-18? No. A very slow, token reduction in the $85B/mo. money injection-watch for $75B or a reverse repo deal.
• Dr. Jack Rasmus @drjackrasmus 6 Sep
Another stagnant US jobs report + only 100,000 jobs in July. US barely creating (low pay) jobs for new entrants. And as jobs ‘churn’, wages burn
• Dr. Jack Rasmus @drjackrasmus 5 Sep
Frontpage mainstream press (NY Times, Journal, CNN) articles today featuring Larry Summers. Is Summers’ Fed Chair announcement imminent?
• Dr. Jack Rasmus @drjackrasmus 4 Sep
Money flooding out of Asia, Brazil, Turkey,etc. back to US, EU. Export gains US/EU at expense of Emerging Mkts. No net gain for world econ.
• Dr. Jack Rasmus @drjackrasmus 4 Sep
G20 meets in St. Petersburg Thurs. #1 issue? Not Syria. But emerging markets crisis: capital flight, currency freefall, commodity deflation
• Dr. Jack Rasmus @drjackrasmus 30 Aug
Will the Fed ‘taper’ after 9-17? Will Summers get appointed next Fed chair? Will Obama send missiles into Syria? Do bears live in the woods?
• Dr. Jack Rasmus @drjackrasmus 30 Aug
US consumer spending last month=0.0%, adjusted for inflation (Consumption=70% US economy). Banks lower 3Q13 GDP estimates to 1.5%. Recovery?
• Dr. Jack Rasmus @drjackrasmus 30 Aug
Why did Obama & Repubs agree Jan. 1 to extend $4 trillion of the $4.6T Bush tax cuts?So corps could give $821 bil. to stockholders this year
• Dr. Jack Rasmus @drjackrasmus 29 Aug
India economy ’emerging’ as weakest of emerging markets. Watch for 2% GDP or less in 2014. Currency (Rupee) to fall to record lows
• Dr. Jack Rasmus @drjackrasmus 29 Aug
Emerging mkts quadruple crisis: rising US rates, capital flight to safe havens in west, commodities deflation, and soon to rise oil prices.
• Dr. Jack Rasmus @drjackrasmus 29 Aug
Re. growing assault on democratic rights in the USA, see my blog http://jackrasmus.com article ‘North Carolina’s ‘Moral Mondays’ movement’
• Dr. Jack Rasmus @drjackrasmus 27 Aug
Watch for coming ‘tail events’ causing market declines: Fed taper, debt ceiling fight, & emerging mkts capital flight–converging late Sept
• Dr. Jack Rasmus @drjackrasmus 26 Aug
So bus.spending biggest fall since 2008, consumer-retail sales flattening, and home sales in freefall. OK, so where’s the recovery (again)?
• Dr. Jack Rasmus @drjackrasmus 26 Aug
Data today show bus.investment fell in July almost twice as fast as consensus. Durable goods orders and shipments largest since 2008.
• Dr. Jack Rasmus @drjackrasmus 23 Aug
consumer spending decelerating & flatlining-as predicted in my ‘The Stop-Go US economy’, see my blog, http://jackrasmus.com , article
• Dr. Jack Rasmus @drjackrasmus 23 Aug
New home sales July freefall. My prediction rising rates (due to taper talk) will stop H-recovery sooner rather than later, now coming true
• Dr. Jack Rasmus @drjackrasmus 20 Aug
The global economy, including USA, is slowly slipping into a stagnant growth scenario. The process is slow, long-term, erratic, but steady.
• Dr. Jack Rasmus @drjackrasmus 20 Aug
Has the Eurozone/UK ‘recovered’? No, just following the trajectory of Epic Recession: short shallow recoveries followed by repeated relapses
• Dr. Jack Rasmus @drjackrasmus 20 Aug
The locus of global economic instability is now shifting from Europe to Asia, esp. India, as China slows & Japan’s boom proves short-lived.
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