The U.S. economy expanded less than forecast in the second quarter after a weaker start to the year than previously estimated as companies slimmed down inventories and remained wary of investing amid shaky global demand.
-
-
leave it to butt hurt d2b to make this 'political'Comment -
Sammy, no.
Elon Musk will save America.Comment -
dead economy for next 5 yearsComment -
Probably not at years end, but definitely by June. All that will depend if we are at or going to war.
War is always bad for economies and the recessions that follow.
If we falter, the world most definitely will follow.
Hard not to make this political. Economies love Dem policies. With a Repub controlled congress and a Repub pres,
I have to say, we will be fukked.Comment -
stock with goldComment -
Comment -
Watch... it will be revised up soon.Comment -
I don't see the overall economy improving but I guess it depends on what area you work in as to how personally you'll be affected, pay and security wise.Comment -
It's like this...and proven
Democrats = Booming economy
Republicans = recession, massive drawbacks
See last 2 Republican presidentsComment -
All is well.
Buy stocks.
I believe in America.
Forum guys think they know what's going on.
Saved you some time Opie.Comment -
Economy is political, no way around it. R's and D's who know little about economics continue to pass legislation that messes up the economy. Bad trade agreements, horrible immigration system, borrowing money to lend money and then forgiving the loan to these foreign countries. 150 billion to Iran, 9 billion to Pakistan and so on and so on. When you don't control your own money economy is always a crap shoot. Janet Yellen took over for Bernanke and decides how much money to print and when to raise or lower interest rates. Who is her boss? The Board of Governors you say, who do they answer to? The Central banking system is some maze. No one knows shitt about economics and thats the way they want it. Their is no one in this SBR who is qualified to have a serious discussion about economics. Buy your stocks and collect your dividends or buy stocks that you can buy and sell for quick hits either way you can only hope that the Wall Street Gods don't pull the plug and screw you. As history shows you they do periodically. They are toying with you!!Comment -
That money we gave iran has never been delivered. In 2012 we passed legislation that didn't allow iran to deal in dollars. India and other countries refuse to pay them money because afraid of sanctions by us. I read it in may 18 newsweek.http://www.newsweek.com/2016/05/27/w...ng-460939.htmlal on sanctions relief comes amid rising criticism from Tehran
ENLARGE
Iran Supreme leader Ayatollah Ali Khamenei speaking to a crowd during a ceremony in March. PHOTO: IRANIAN SUPREME LEADER WEBSITE/EUROPEAN PRESSPHOTO AGENCY
By JAY SOLOMON
Updated April 1, 2016 12:01 a.m. ET111 COMMENTS
WASHINGTON—The Obama administration is preparing to give Iran limited access to U.S. dollars as part of looser sanctions on Tehran, according to congressional staff members and a former American official briefed on the plans.
The proposed move comes amid rising Iranian criticism that the landmark nuclear agreement reached last year between global powers and Tehran hasn’t provided the country with sufficient economic benefits.
Executives at European and Asian banks have said in recent interviews that they remain reluctant to conduct any financial transactions with Iran due to fears they might run afoul of the U.S. Treasury and its regulations that ban dollar dealings with Iranian firms. Most major international trade, particularly in oil and gas, is conducted in U.S. dollars.
The Treasury is considering how to issue licenses to offshore dollar clearing houses for specific Iranian financial institutions, an approach that wouldn’t require the involvement of American banks, according to the congressional officials. The clearing houses, likely involving select foreign banks, would conduct the dollar transactions instead, shielding the U.S. financial system from any direct contact with Iran, these officials said.
“They are looking at a couple mechanisms to allow for this dollar trade, stopping short of normalizing banking transactions,” said a congressional banking official briefed by the administration on its plans, which haven’t been finalized.
Treasury action on Iran’s access to the dollar wouldn’t require congressional approval.
American law still prohibits U.S. and foreign banks from dealing in dollars with Iran, despite the July nuclear agreement. The Treasury Department designates Iran’s entire financial system as a “primary money laundering concern” due to Tehran’s nuclear and missile programs and support for international terrorist groups, such as Hezbollah in Lebanon and Hamas in the Palestinian territories.
The U.S. Treasury and State departments declined to comment Thursday on preparations to allow Iran limited access to dollars.
Comment -
Economy is screwed until the next boom imo. I don't see anything like the tech boom coming for an awful long time. The best is past this country, even Trump can't make America great again. The last decade will be the new normal.Comment -
Going long on tourniquets & carbon credits. Nice job cuckholdsComment -
Yield Curve not inverted, so that says that recession is not imminent. I don't know what the catalyst could be to cause a massive 2008 like crash. Banks safer, less shitty mortgages, tech not crazily over bought.
As much as you would like to blame the democrats, labor participation rate no one's fault except old age and technology. Understates unemployment but, whatever. By the same token, the president doesn't control the economy.Comment -
Booming economy?
More fukking people on welfare than ever before.Comment -
Clintons have a proven record
Not like that bankrupt gold spoon orangutanComment -
Meanwhile, the economy added 179k more jobs for the month of July. Better than projected.
Dow holding steady with a new record. Wonder how many Dow records the last 7 1/2 years?
Gas still way down.
How long this will last will depend on YOU! Vote out the obstructionist lazy ass that is presently residing.Comment -
no end in site
Tech has replaced too many jobsComment -
I wouldn't take any sbr posters opinion on the economy status of the countryComment -
The stock market could crash like it did back in 2008.Comment
