Friday, Oct 28th

Last update05:20:13 AM GMT

You are here News Editorials Bruce Enberg: The Jade Rabbit says, "Nǐ hǎo" (hello)

Bruce Enberg: The Jade Rabbit says, "Nǐ hǎo" (hello)

E-mail Print PDF

jade rabbitNew unemployment claims fell sharply the week before Christmas despite widespread weather problems that were putting a drag on business activity. Early numbers suggest that retail sales were up for November and December, justifying the increase in business inventory during the third quarter. This would be in line with the declining layoffs, if inventory sold as predicted as more production will be required in January.

The Federal Reserve is cutting its $85b per month QE3 bond buying program by $10b in January and this is causing bond interest rates to climb. But so far this has had no negative effect on the stock market that continues to set records. At $75b we're still talking about the better part of a trillion dollars a year in stimulus. Of course this is 'soft stimulus' that mostly ends up as bank balance sheet entries.

If the government would spend $1t per year on infrastructure the US would be booming like China, instead of drifting toward becoming a third world colony of the People's Republic of China. Did I mention they have a rover named the Jade Rabbit on the moon? Twenty years ago there were almost no private cars in China, now the 'commies' are a bigger market for cars than the US. In five years their economy will be bigger than the US across the board.

The Republicans continue to attempt to sabotage the economy by cutting transfer payments such as unemployment benefits to 1.3 million laid off workers. Remember these people were fully employed at one time or they wouldn't be eligible for benefits. They aren't 'deadbeats', it's just that Conservatives sent their jobs to China.


Most Recent Related Stories...

Bob Alexander: Quién es Más Loco? … Or … Say Goodnight Gracie Part IV

Loco TrumpAfter watching the third and final debate between Donald Trump and Hillary Clinton I agree with...

Bob Alexander: Say Goodnight Gracie Part II

Monster caterpillarLast month looking South I saw another bad day brewing. Not surprising. It was preceded by...

Bob Alexander: Say Goodnight Gracie Part III

Trump clownIt appears that unless the Universe has a couple of extra tricks up its sleeve, we're...

Alex Baer: The Excellence of Less

El-cap-oIt was a complete surprise when I got word from the Trump campaign that I had...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!