Tags » U.S. Economy

Should We Fear—Or Cheer—Plunging Oil Prices?

Chances are, you’re celebrating today’s lower gas prices.  AAA reports that the national average price of gas is $2.48 today, the lowest since December 2009.  The result: an estimated $70 billion in direct savings for U.S. 665 more words

General

Announcing a New Blog Series: Inside the Economy with Sharkey, Howes & Javer

At Sharkey, Howes & Javer, we have formal Investment Committee meetings. Every two weeks, we discuss recent market trends, the economy and strategize for the future. 128 more words

Videos

Why a Strong Economic Base is Important

   By Bob Shapiro

Misguided government policies, going back generations, and from both political parties, have caused America’s industrial base to become hollowed out. These stupid policies are unlikely to go away any time soon. 317 more words

GDP & Employment

The Oil-Price-Shock Contagion-Transmission Pathway

Courtesy of Zerohedge:

As we noted previously, counterparty risk concerns (and thus financial system fragility) are starting to rear their ugly heads. In the mid 2000s, it was massive one-way levered bets on “house prices will never go down again.” When the cracks started to appear, the mark-to-market losses in derivatives led to forced liquidations and snowballed systemically. 199 more words

World

Presenting The $303 Trillion In Derivatives That US Taxpayers Are Now On The Hook For

Courtesy of The Hedge:

Courtesy of the Cronybus(sic) last minute passage, government was provided a quid-pro-quo $1.1 trillion spending allowance with Wall Street’s blessing in exchange for assuring banks that taxpayers would be on the hook for yet another bailout, as a result of the swaps push-out provision, after incorporating explicit Citigroup language that allows financial institutions to trade certain financial derivatives from subsidiaries that are insured by the Federal Deposit Insurance Corp, explicitly putting taxpayers on the hook for losses caused by these contracts. 253 more words

US

Heirs to Rockefeller Oil Fortune Divest from Fossil Fuels over Climate Change

Courtesy of Suzanne Goldberg @ The Guardian:

The heirs to the fabled Rockefeller oil fortune withdrew their funds from fossil fuel investments on Monday, lending a symbolic boost to a $50bn divestment campaign ahead of a United Nations summit on climate change. 611 more words

US