Financial Blog Corliss Group: For Americans in China, the Taxman Cometh - 1 views
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Economist: U.S. market recovery is a fraud, Corliss Online Financial Mag - 1 views
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Alice Wright on 04 Oct 13Economist: U.S. labor market recovery is a fraud http://www.bizjournals.com/jacksonville/news/2013/10/02/economist-us-labor-market-recovery.html University of Central Florida economist Sean Snaith has this to say about the current labor market recovery: It's a fraud. That's because there's more to assessing economic recovery than just monthly payroll job gains and a declining unemployment rate, he said. "You need to look at the number of jobs being created in the context of the potential number of workers in the U.S. economy," Snaith said. "The gap between payroll employment and the Congressional Budget Office estimates of the potential number of workers in the U.S. economy is pretty darn scary right now." If payroll job growth were to persist at the average level of the past three jobs reports and increase at just 148,000 jobs per month, it would take until December 2021 for employment to reach its CBO estimated potential, he added. In his 2013 third-quarter U.S. forecast, Snaith explains that by just focusing on the unemployment rate, many analysts erroneously are predicting a fast recovery that's simply not there yet. That's why it's not surprising that consumers are holding back on spending, which in the past has brought the economy out of the doldrums, he said. Snaith was only one of four national economists to predict that the federal Reserve Bank would continue to funnel billions of dollars into the market on a daily basis as a way to help stimulate the economy and not begin tapering that process until 2014. "Will the Federal Reserve's exit be more like Ginger Rogers gliding across the dance floor or Miley Cyrus awkwardly twerking remains to be seen," Snaith said. "But given the phony labor-market recovery it could be some time before the Fed hits the dance floor." More Related Article: http://www.wattpad.com/25728832-the-corliss-group-stocks-surge-past-economic http://www.yellowbook.com/profile/corliss-group-the_1855
Corliss Group Online Financial Mag, Hong Kong Jewelry Sales Hit the Rocks - 1 views
http://blogs.wsj.com/chinarealtime/2014/01/23/hong-kong-jewelry-sales-hit-the-rocks/ Nearly one year ago, year-over-year growth in jewelry sales was as high as 19%, said Sarah Quinlan, senior vice...
Corliss Group Online Financial Mag: 6 investing dos and don'ts for 2014 - 1 views
Successful investing depends a lot on timing. You want your money to be in the right place at the right time in order to obtain the best results. Take Japan for example. For years, the Tokyo marke...
3 Reasons Why The Economy Has Done Better Under Democratic Presidents - 0 views
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Democratic presidents tend to preside over better economies than Republican ones, but that may be down to pure luck, according to a recent paper from Alan Blinder and Mark Watson at Princeton. Since the end of World War II, the U.S. economy has grown at an average real rate of 4.35% under Democratic presidents and only 2.54% under Republicans. So what gives? "Democrats would no doubt like to attribute the large D-R growth gap to better macroeconomic policies, but the data do not support such a claim," they write. "It seems we must look instead to several variables that are mostly 'good luck.'" Three factors can explain 46-62% of the growth gap, according to the paper. Here are the reasons (via James Hamilton): Oil shocks. With the exception of Jimmy Carter, oil price shocks tend to dog Republican administrations more. The 1956-57 Suez Crisis, early-70s OPEC embargo, 1980 Iran-Iraq War, and the Iraqi invasion of Kuwait in 1990 all happened during Republican administrations. Productivity. It's hard to say that a U.S. president is responsible here, but Democrats tend to see bigger gains in productivity. Bill Clinton, for example, enjoyed a big boost in U.S. productivity during the 1990s. Consumer confidence. Consumers tend to have a rosier outlook on the U.S. economy in the first year a Democrat is in the White House. "Yet the superior growth record under Democrats is not forecastable by standard techniques, which means it cannot be attributed to superior initial conditions," they write. Chalk this one up to luck again, but it does come "tantalizingly close to a self-fulfilling prophecy in which consumers correctly expect the economy to do better under Democrats, then make that happen by purchasing more consumer durables."
Corliss Group Online Financial Mag, Stocks Fall as Slide in Emerging Markets Sends Bond... - 1 views
http://www.sfgate.com/business/bloomberg/article/Stocks-Fall-as-Slide-in-Emerging-Markets-Sends-5172877.php Jan. 24 (Bloomberg) -- Global stocks tumbled the most since June, as the biggest drop in...
Corliss Online Financial Mag ,U.S. lägger 166,000 jobb i September mitt i "up... - 1 views
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Amerikanska företag lagt 166,000 nya arbetstillfällen i September, enligt den jätte lön fast ADP, som varnade som jobb återhämtning "uppmjukning". Siffrorna kommit som Labor Department bekräftade det inte skulle släppa regeringens officiella månatliga jobb tally på fredagen på grund av regeringen stängningen. Enligt ADP: s senaste månatliga undersökning ledde servicesektorn återigen antalet jobb tillväxt, bidra 149.000 arbetstillfällen under månaden. Tillväxtområdena var handel och transport, som lagt till 54.000 inlägg, professionell och företagstjänster, som lagt till 27.000 arbetstillfällen, och konstruktion, som lagt till 16.000 inlägg. Ungefär 4 000 arbetstillfällen gick förlorade i finansiell verksamhet. Augustis ADP jobb tillväxt nummer reviderades till 159,000 från 176.000. Mark Zandi, chefsekonom på Moody's Analytics, ADP: s partner på betänkandet, sade: "arbetsmarknaden verkar har mjuknat under de senaste månaderna. Finanspolitiska åtstramningar har börjat ta en vägtull på skapande av arbetstillfällen. Upptakten av räntorna kan också göra några skador på jobb inom finansiella tjänster. Medan jobb har mattats, återstår det en allmän motståndskraft på marknaden. Sysselsättningen fortsätter att överensstämma med en långsamt sjunkande arbetslöshet." Avstängningen har lett Labor Department att skrinlägga sina jobb betänkande denna vecka. Ekonomer hade väntat USA för att lägga till 175.000 till 185.000 jobb till sina nonfarm löner figur i September. Förra månaden USA lagt 169,000 nya jobb och arbetslösheten doppade till 7,3%. ADP: s siffror har spårat den Labor Departments under de senaste månaderna men omfattar inte statliga jobb. Federala och lokala regeringar fortsätter att kasta arbetstagare. ADP sade att småföretag ledde återhämtning. Företag med 49 eller färre anställda lagt till 74.000 jobb i September, medan sysselsättningen bland små och medelstora företag med 50-499 a
Eric Schmidt declares Android more secure than iOS - 3 views
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Financial Blog Corliss Group: From Corporate Giants to Main Street, Fraud is on the Rise - 1 views
Investors, analysts and corporate directors rely on external audits to keep companies honest. But a new study says audits are woefully ineffective at uncovering fraud. In fact, more than twice as m...
Corliss Group Online Financial Mag, Thai Tourism Hurt as Protests Mean Lunar New Year T... - 1 views
Thai anti-government protests that have shut down parts of Bangkok may cost the nation's tourism industry as Chinese visitors cancel trips during the lunar new year holiday that starts this week. ...
Corliss Group Online Financial Mag Hong Kong 5 Can't Miss Investing Stories Last Week - 1 views
Corliss Group Online Financial Mag Hong Kong 5 Can't Miss Investing Stories Last Week Let the good times roll! The S&P/TSX Composite Index (TSX:^OSPTX) continued its month-long winning streak las...
Corliss Group Online Financial Mag Hong Kong Reading Spain's economy through art sales - 1 views
Corliss Group Online Financial Mag Hong Kong Reading Spain's Economy Through Art Sales Spain's art world was whiplashed by the country's bubbly rise and quick collapse. Signs of the trauma linger ...
Financial Blog Corliss Group: Wall Street accountable after the crisis - 2 views
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How the Government Botched Its Effort to Hold Wall Street Accountable After the Crisis The Department of Justice (DOJ) fell down on many of its efforts to hold Wall Street accountable for mortgage fraud after the crisis, according to a new audit from the U.S. Department of Justice Office of the Inspector General (OIG). The DOJ promised the public that it would place a priority on going after mortgage fraud. But the report finds that "DOJ did not uniformly ensure that mortgage fraud was prioritized at a level commensurate with its public statements." One telling example is that the Federal Bureau of Investigation (FBI) ranked mortgage fraud as the lowest threat in its lowest crime category. The OIG also visited FBI field offices in Baltimore, Los Angeles, Miami, and New York and found that either it was a low priority or not even listed as a priority. Meanwhile, the FBI got $196 million in funding to investigate mortgage fraud between 2009 and 2011, yet the number of agents doing the investigation decreased in the same time, as did the pending investigations. More related issue from Corliss: http://corlissonlinegroup.com/ http://corlissonlinegroup.com/blog/ http://corlissonlinefinancialmag.blogspot.co.uk/ http://www.pinterest.com/geraldhussen/corliss-online-financial-mag/
18 Signs that Show Why Global Financial Markets are Spiraling into a Horrifying Death - 1 views
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Do you can see it coming? The return on 10-year U.S. Treasuries skyrockets, the S&P 500 remains down for 9 out of the last 11 trading days and disturbing economic reports pour in from all throughout the globe. The much expected "financial correction" approaches rapidly, and investors start heading for the exits. We have not experienced so many foreboding financial signs all converge at one time like this since just before the last major financial disaster. It appears as though a "perfect storm" is brewing, and so much "smart money" has already abandoned stocks and bonds. Could we possibly be headed toward another frightening financial crisis? Will we see a replay of 2008 or prospectively an even worse crisis? Naturally, so many people believe that we will never again experience another major financial catastrophe like the one in 2008. So many people think that this kind of "doom and gloom" talk is idiotic. Those types of people are those who did not see the last financial crash coming and who choose not to prepare for the coming one in spite of the extremely clear warning signs. Let us expect the best; but let us also get ready for the worst - and, right now, things do not look bright at all. The following 18 signs give strong support that global financial markets are headed toward a horrendous death spiral...
Corliss Online Financial Mag, Japan advarer mot "consequences" i USA gjeld kamp - 1 views
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Japans økonomi minister og mest sentrale banker fredag oppfordret Washington å løse sine politiske gridlock, advarsel gjeld standard kan føre til grim "consequences" for den globale økonomien. TOKYO: Japans økonomi minister og mest sentrale banker fredag oppfordret Washington å løse sine politiske gridlock, advarsel gjeld standard kan føre til grim "consequences" for den globale økonomien. Nåværende uføret, hvor avslag av en høyreekstrem bakdel av det republikanske partiet å passere et budsjettforlik har resultert i en regjeringen nedleggelse, påvirker allerede valutamarkedene, finansminister Taro Aso sa advarsel det kunne forverres. Jeg tror dette kunne sannsynligvis føre til en situasjon hvor dollaren vil bli solgt og yen skal kjøpes,"fortalte Aso reportere. Yen har allerede steget til flere måneder diskant mot dollar, som handelsfolk flytter fra greenback og til trygg havn av den japanske valutaen. Fallende dollar er dårlige nyheter for Japans eksportører, en sentral pådriver for vekst i verdens tredje største økonomi, fordi svekker deres repatriated fortjeneste. Japanske enheten ble skiftet hender på 97.08 til dollar i slutten asiatisk handel. Men "min følelse er... gjeld grensen vil ha et internasjonalt betydelig innvirkning, sa Aso refererer til en truende 17 oktober frist som den amerikanske regjeringen trenger lovgivere å heve taket på hvor mye penger det kan låne. "Med mindre det er løst raskt, vil vi se ulike konsekvenser." Japan er store innehaver av amerikanske statsgjeld. Bank of Japan guvernør Haruhiko Kuroda ekko Aso bekymringer, men sa hvis følelsesmessig ladet standoff kunne løses raskt, det ikke må spore fledgeling U.S. økonomisk utvinning. Usikkerhet Kuroda, en tidligere leder av asiatiske utviklingsbanken, sa var kjernen fordi usikkerhet ville sette en belastning på global vekst. "Hvis en slik situasjon blir det kanskje har en alvorlig innvirkning på den amerikanske økonomien og verdensøkonomien
Global Economy to Grow Less Than Expected by Financial Blog Corliss Group - 2 views
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By Maria Gallucci - Global economic growth is expected to dip this year, following the fiercely cold winter that plagued the United States and turbulence in Ukraine and the world's financial markets. The World Bank on Tuesday said it reduced its global growth forecast to 2.8 percent this year, down from a January projection of 3.2 percent, Bloomberg News reported. The U.S. forecast was cut to 2.1 percent from 2.8 percent, and outlooks for Brazil, Russia, India and China also fell -- a sign that emerging economies aren't moving fast enough or investing sufficiently in domestic structural reforms, which are needed to accelerate economic expansion, according to the Washington-based institution. It recommended smaller budget deficits, higher interest rates and productivity-boosting measures to stave off future financial unrest, Bloomberg said. The growth setbacks, however, might be short-lived. The 2015 projection for global economic growth held steady at 3.4 percent, Bloomberg noted, and growth is expected to regain speed this year despite earlier weaknesses, the World Bank said in its Global Economic Prospects report. "The financial health of economies has improved. ... But we are not totally out of the woods yet," Kaushik Basu, the lender's chief economist, said. "A gradual tightening of fiscal policy and structural reforms are desirable to restore fiscal space depleted by the 2008 financial crisis. In brief, now is the time to prepare for the next crisis."
Saving Money: Tips everyone in their 20s should know by Financial Tips Corliss Group On... - 2 views
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Financial advisers stress that there are several money lessons everyone in their 20s should know. For example, start saving at least 10 percent of your monthly income. Changing your financial state requires a kind of time travel to commune with your future self. Where do you want to be in 10, 20 years? Are you on the right path, or heading in the wrong direction? The time value of money-that is, how savings, investments and debt levels compound with the passing of years-means that money habits, good or bad, created when we start to earn cash echo into the decades that follow. And a whispered bit of wisdom up front can keep you from howling over your mistakes later in life. We polled our NerdWallet network of Ask an Advisor certified financial planners about the greatest regrets and lessons you should learn in your 20s, 30s and 40s. Taken together, these could be considered 12 steps toward securing your financial future. And they all hinge on two keys skills we must learn-and often relearn-in our money lives: prepare and stick to a budget, and establish good savings habits. We'll address the 30s and 40s later this week, but first: your 20s. "Understand that the world has changed. You will be more responsible for your financial future in regard to earning a living, retirement planning, funding and investing, health insurance coverage and costs and less coverage through government programs," says Jerome Deutsch, managing director of U.S. Institutional Markets for Index Strategy Advisors in Decatur, Georgia. "Learn, plan and live mindfully and with a long-term perspective. It may not sound like fun, but you have a long life ahead of you."
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