We
really need add nothing to these news articles. The economies of the world are ineluctably caught in the ‘Death Grip’ of the
“Kondratieff’s” first wave - with yet two more waves coming!
And
no one amongst the PEC (Professional Economist Class) has
caught on – yet!
So,
I guess we will be posting these “Kondratieff” alerts right into the coming
‘Event Horizon’ of the “Bond Bubble” explosion that will occur in roughly the
Winter of 2014/15.
For a preview of coming ‘Economic Horrors’ to the worldwide economy, and most
especially to the devolving and dying US economy, just go to our “Home” page
and to our “New Normal” web page at www.polestarcomm.com.
Are
you and your company ready and prepared for the economic disasters that are now
ordained - by the FED’s totally insane ZIRP - to sweep over all the world’s
economies after the “Great Deception of 2012” has pulled all the ‘Sheeple’ into
the world’s vastly over-priced stock markets?
Hiring Probably Limited by Slowing Growth: U.S. Economy Preview
Bloomberg; By Shobhana Chandra - Jul 29, 2012 12:00 AM ET
“The pace of hiring in July
probably failed to reduce the U.S. jobless rate, which has been stuck above 8
percent for more than three years, economists said before a report this week. .
. .
A payroll increase of
100,000 workers would follow an 80,000 gain in June, according to the median
forecast of 68 economists surveyed by Bloomberg News ahead of Labor Department
figures Aug. 3
Reserve policy makers will meet
ahead of the jobs report to decide whether additional stimulus is needed to
combat a slowing economy as Europe’s
debt crisis lingers. Companies such as Lockheed Martin
Corp. (LMT) are among those warning they’ll have to reduce headcounts later
this year in the run up to the so-called U.S. fiscal cliff of automatic tax
increases and government spending cuts.
“The pace of hiring is pretty
lackluster,” said Omair
Sharif, a U.S. economist at RBS Securities Inc. in Stamford, Connecticut. “It’s going to be a
painfully slow grind lower on the unemployment rate.
Firms have become cautious as the U.S. is slowing a fair bit and global markets
are getting worse.”
… “Given that growth is projected
to be not much above the rate needed to absorb new entrants to the labor force, the reduction
in the unemployment rate seems likely to be frustratingly slow,” Fed Chairman Ben S. Bernanke said in
testimony to Congress this month. The central bank is “prepared to take
further action as appropriate to promote a stronger economic recovery.” …
A Commerce Department report July
27 showed gross domestic product grew at a 1.5 percent annual rate in the
second quarter after rising at a 2 percent pace in the first three months of
the year.
…Americans remained cautious
about spending in the final month of the quarter, Commerce Department
figures may show on July 31….The soft outlook on employment is damping moods.
The Conference Board’s index of consumer confidence
fell in July for a fifth consecutive month, the longest period of declines since the first half
of 2008, economists forecast before the July 31 report.
… Lockheed Martin, the world’s
largest defense contractor, may have to dismiss about 10,000 of its 120,000
employees …“Our
best judgment is that we may have to notify a substantially higher number of
our employees beginning late in the third quarter of this year that they may
not have a job if sequestration takes place,” Stevens said in July
in prepared testimony for lawmakers. …
McDonald's and Coca-Cola hit by global slowdown
www.guardian.co.uk; Dominic Rushe; New
York; Monday July 23, 2012
“McDonald's, the fast food
giant that managed to ride out much of the Great Recession, has been bitten by
the global slowdown.
The world's largest hamburger
chain said Monday that its net income fell 4% in the second quarter as the
dollar strengthened against global currencies. Same store sales have also begun
to slow as austerity measures take their toll in Europe and China's economy
slows.
The news was a rare slip for
McDonald's, which has consistently beaten analysts expectations in recent
years, and a worrying sign of trouble in the global economy
Same-store sales at
McDonald's - sales at restaurants open at least 13 months - rose 3.7%
globally in the second quarter. … But it was a sharp slowdown from the
7.3% increase McDonald's reported in the first quarter of 2012 …”
UPS Cuts 2012 Forecast as Slowing Economy Press Profit
Bloomberg; By Heather Perlberg on July 24, 2012
United Parcel Service Inc. (UPS) (UPS), the world’s largest
package-delivery company, cut its full-year forecast after a drop in
international package sales dragged quarterly profit below analysts’ estimates.
….UPS, an economic bellwether
because it moves goods ranging from financial documents to pharmaceuticals,
projects the U.S. economy will grow 1 percent in the remainder of 2012. Premium- product growth will
slow as customers opt for less expensive delivery methods, Chief
Financial Officer Kurt Kuehn said on a call with analysts and investors.
“International volume is particularly weak,”
Kevin Sterling, an analyst at BB&T Capital Markets in Richmond, Virginia,
said in a telephone interview. …
…Companywide revenue climbed 1.2
percent to $13.3 billion, UPS said. Growth was slower than last quarter’s
4.4 percent expansion partly because of customers opting for less expensive
shipment options.
“The deferred products are still
leading the pack,” Logan Purk, an analyst at Edward Jones & Co. in St.
Louis, said in a telephone interview. “Clients are still choosing the slower methods of
delivery and that is impacting results in terms of yield.” … “
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