Föhrenbergkreis Finanzwirtschaft

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Archive for 9. August 2017

Trump and the Cosmopolitans

Posted by hkarner - 9. August 2017

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Our Broken Economy, in One Simple Chart

Posted by sschleicher - 9. August 2017

David Leonhardt, NYT, Aug 7

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Stock on Trumponomics

Posted by hkarner - 9. August 2017

Thanks to H.F. A great analysis (hfk)

2017 08 04 By Michael Hudson, Friday, August 4, 2017 
The Real News Network

“Trump is Turning Against the White Working Class that Elected Him,”

Rising stock prices is not an indicator of financial health like Trump would have you believe, specially when you examine who is buying that stock, says economist Michael Hudson, the author of J Is for Junk Economics.

SHARMINI PERIES: It’s the Real News Network. I’m Sharmini Peries coming to you from Baltimore. The rise of stock prices in the US stock market could be an indication of economic growth and prosperity, but it could also be an indication of the concentration of wealth of the rich and powerful. Which is it? To answer that question, we need to look at other economic indicators. In the press conference that President Trump had just a few days ago announcing his new chief of staff, General John Kelly, Trump took the opportunity to give himself credit for the rising stock prices. Let’s listen.

DONALD TRUMP: We’ve done very well, lots of records created, John. You look at stock market, the highest it’s ever been. Unemployment, lowest in 17 years. Companies are doing tremendously well. Business spirit is the highest it’s ever been, according to polls. You look at the polls, the highest it’s ever been in the history of these polls. We’re doing very well. We have a tremendous base. We have a tremendous group of support. The country is optimistic. Den Rest des Beitrags lesen »

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German Industry Misses a Beat but Economy Looks Strong

Posted by hkarner - 9. August 2017

Date: 08-08-2017

Source: The Wall Street Journal

Economists said decline in factory output in June contrasts with other strong indications of growth

The German economy remains on a path of strong growth despite a surprising decline in factory output in June, economists said following Monday’s release of data on industrial production for Europe’s biggest economy.

In adjusted terms, output declined by 1.1% in June from the previous month, the country’s Economics Ministry reported, marking the index’s first monthly decline since last December. Economists polled last week by The Wall Street Journal had expected a slight gain of 0.1% in the index. The monthly decline was broad-based, with manufacturing output down 1.4% and construction output also down 1.0%. On the flip side, energy output grew by 1.4% compared with May. Den Rest des Beitrags lesen »

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