Showing posts with label Department of Commerce. Show all posts
Showing posts with label Department of Commerce. Show all posts
Wednesday, April 30, 2025

It's nearly noon and this chart of core personal consumption expenditures still isn't updated with the data due out today because the Department of Commerce which oversees the BEA is now run by the incompetent Howard Lutnick

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 CNBC usually runs a big story on core personal consumption expenditures before 9:00 AM every month when this report comes out, but not now ...
Sunday, March 30, 2025

Commerce Secretary Howard Lutnick is the Trump administration sycophant who tells Trump whatever he wants to hear

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   Reported here : ... On the other side are Commerce Secretary Howard Lutnick and senior adviser Peter Navarro, the latter a long-time ta...
Tuesday, October 15, 2024

Biden-Harris administration buys votes in North Carolina using the fascist Chips Act just in time for the election

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 CNBC doesn't even hide the fact. Biden administration to provide $750 million to North Carolina-based Wolfspeed for advanced computer c...
Monday, April 15, 2024

In the good old days the Republican fascists funded domestic companies, now the Democrat fascists fund the foreign companies

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 Taiwan last week, South Korea this week. The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding ...
Friday, August 23, 2019

Clueless AP article calls US economy resilient when it's been in the rut they fear is coming since 2007

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The compound annual growth rate of real GDP since 2007 has been WORSE than for the same time frame of the Great Depression, yet AP is com...
Monday, October 26, 2015

The unending fascination of Sarah Palin for little Democrat minds

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Dunderhead Democrat Party hack William Daley is stuck on stupid. Here  he is in full flutter in WaPo, like a moth drawn to a lightbulb...
Wednesday, December 31, 2014

The global oil war just got even more interesting: Dept. of Commerce relaxes export ban

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With a tip o' the hat to Andrew Critchlow at the UK Telegraph, Reuters reported just a couple of hours ago that the US Dept. of Comme...
Wednesday, July 31, 2013

Rush Limbaugh Finds A GDP Conspiracy Where There Is None

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When it comes to numbers, I have observed that Rush Limbaugh can be counted on to get something horribly wrong, and today was no exception. ...
Friday, October 28, 2011

I'm Nominating This One For Blown Prediction of 2011

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As seen here : Retail consultancy Customer Growth Partners expects that American consumers have worked to put their finances in order and ar...
Friday, June 25, 2010

GDP REVISED DOWN FOR Q1 2010 TO 2.7% FROM 3.0%

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According to The Associated Press : Gross domestic product rose by an annual rate of 2.7 percent in the January-to-March period, the Commerc...
Friday, January 29, 2010

The Corpse is Sitting Up

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After applying the paddles of $trillions of bailouts, stimulus spending, and backstops, the preliminary report of Q4 GDP comes in at 5.7%, b...
Tuesday, December 22, 2009

Sham Economy, Part Three

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In late October the government reported that third quarter GDP came in at 3.5%, about half of which was attributed widely to stimulus scheme...