FreeMartinNow :: economy

Fed Serves Pee Koolaid – Says It’s Tasty

Posted on 2012/06/06 by freemartinnow

Conditions in the US economy generally improved over the April-May period, according to the Federal Reserve’s regular “Beige Book” regional review released Wednesday. Most of the US central bank’s 12 regions reported improving conditions, and the Fed said “overall economic activity expanded at a moderate pace,” better than its previous formulation in early April of “a modest to moderate” pace.

Better Drop Your Pension Delusion Before It Drags You To Hell

Posted on 2012/06/02 by freemartinnow

Are you one of those sheeple that refused to accept the reality of what’s being done to the country – and the world – because you are expecting a pension of some sort of support during your retirement? Well guess what? You’re not gonna get it – As Karl and Warren so aptly demonstrate.

Ireland Sells Out To New World Order: Backs EU Fiscal Pact With Clear Majority

Posted on 2012/06/01 by freemartinnow

Irish voters have backed the EU fiscal pact by a large majority, final referendum results showed Friday, in what Prime Minister Enda Kenny hailed as a “powerful signal to the world”. Sixty percent of voters were in favor of Ireland ratifying the pact, which is designed to shore up the turmoil-hit Eurozone by penalizing countries that fail to keep their deficits in check.

Dow Plunges 275 Points: Is Stock Market Starting To Smell Recession?

Posted on 2012/06/01 by freemartinnow

Spooked by a weak report on jobs in May, the stock market dropped sharply on Friday with the widely watched Dow Jones Industrial Average falling 274.88 points to 12118.57, which resulted in the average moving into the red for the year. The selloff on Friday was the worst day of the year for the market and followed a bad month in May, when the DOW average lost about 6 percent of its value.

Lockheed Martin Submits Proposal For KC-46 Aircrew Training System

Posted on 2012/05/31 by freemartinnow

Lockheed Martin [NYSE: LMT] submitted its proposal today to the U.S. Air Force for the KC-46 Aircrew Training System, a program that will prepare pilots, boom operators and other on-board personnel for air refueling, cargo transport and medical evacuation. The KC-46 Aircrew Training System supports the Air Force’s strategy for global mobility.

Oil Prices Rise On Iran Tensions, Weaker Dollar

Posted on 2012/05/28 by freemartinnow

Oil prices rose on Monday as major crude producer Iran and Western powers failed to reach agreement over Tehran’s nuclear programme and as the dollar weakened against the euro, analysts said. New York’s main contract, West Texas Intermediate crude for delivery in July gained 48 cents to $91.34 a barrel.

Back To Mesopatamia

Posted on 2012/05/27 by freemartinnow

Two terrific write ups from Boston Consulting (BC) are available entitled Stop Kicking the Can Down the Road and also Back to Mesopotamia. The later goes right to the heart of what is necessary to reset the global economy.

Lawsuits Pile Up Over Facebook IPO

Posted on 2012/05/23 by freemartinnow

Facebook co-founder Mark Zuckerberg pictured on a screen getting ready to ring the NASDAQ opening bell in New York’s Times Square on May 18. Lawsuits piled up against Facebook, its underwriters and the Nasdaq exchange as furious investors sought to recover losses after the company’s $16 billion IPO debacle.

IMF Urges Britain To Cut Interest Rates, Resume QE

Posted on 2012/05/22 by freemartinnow

The IMF on Tuesday urged the Bank of England to cut interest rates and pump more cash into the recession-hit economy, which has been hit hard by the debt crisis in major trading partner the eurozone.”Further monetary easing is required” for Britain to secure a “sustainable economic recovery” according to the IMF.

Oil Prices Slide To Multi-Month Lows

Posted on 2012/05/18 by freemartinnow

World oil prices slid to new multi-month lows on Friday as the market was rattled once again by concern about the outlook for demand linked to the eurozone debt crisis, analysts said. Brent North Sea crude for delivery in July struck $106.40 per barrel, which was the lowest point since December 21