US economy slowdown, Economy cooling, Financial markets, Corporate forecasts, Soft retail sales, Rise in jobless claims

US economy slowdown, Economy cooling, Financial markets, Corporate forecasts

From Daily Finance May 22, 2010.

“Forget Europe: Signs of a Slowdown in the U.S.”
“Financial markets around the world are fixated on Europe as it grapples with its debt woes. Though probably overdone, investor paranoia is understandable. The fallout for the global economy would be massive if things spiraled out of control, unlikely as that may seem for the moment.

While potentially catastrophic developments overseas may be captivating, investors would do well to stay focused on more subtle developments in the U.S. Much of Wall Street remains bullish on the prospects of an economic recovery, but some signs suggest that a slowdown may be materializing nonetheless.

Watch Corporate Guidance and Economic Indicators

Hosted software provider (CRM) is the latest company to report strong results for the first quarter but provide a forecast that couldn’t live up to Wall Street’s expectations. On Thursday, the company said it expected earnings per share of between $1.13 and $1.15 for the full year. That was well below the $1.28 analysts had forecast, and shares tumbled in trading after hours.

The results from mirror those of networking giant Cisco (CSCO) last week. While Cisco delivered a strong first quarter, shares were initially hammered based on a lackluster outlook for the rest of the year. Hardware giant Dell (DELL) also came under fire as concerns about its ability to maintain profits grew despite solid results for the first quarter.

A slew of retailers including Lowe’s (LOW), Home Depot (HD) and Wal-Mart (WMT) have also provided skimpy guidance for the rest of the year. And while companies may well be trying to game Wall Street by setting the bar low only to dazzle later, recent economic data suggests that the economy could also be slowing after a sharp rebound in demand from depressed lows.

A set of closely watched indicators released Thursday by the Conference Board showed that the economy may be cooling as it heads into the second half of the year. Those findings echo leading indicators monitored by the Economic Cycle Research Institute, which noted that “the pace of improvement in the overall economy is set to slacken in the months ahead” as measures fell to a 40-week low.

Soft retail sales and a sudden rise in jobless claims have contributed to the darkening picture.”

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24 responses to “US economy slowdown, Economy cooling, Financial markets, Corporate forecasts, Soft retail sales, Rise in jobless claims

  1. citizenwells

    Good morning.

  2. This is great:


  3. I second everything Col West had to say!!!!

  4. And if you really want to get upset you should be watching the USURPER’s speech at WEST POINT on TV now. It is a very under enthused audience as they should be.

  5. Has anyone ever heard of Corporate Accountability International. This is an alleged advocacy group who are demanding that McDonalds Restaurants do away with Ronald McDonald. I find myself really angered by such a slimey bunch of MORONS trying to run American businesses. They are so mentally unbalanced that they fancy themselves as the almighty controllers over all things. I hope that McDonalds will not allow these a–holes to dictate to them. Further I think that Jim Skinner McDonalds CEO should enlighten this sick bunch with a level of language that they WILL understand. He merely told them NO. Perhaps the NO should have been accompanied by words like “GO STRAIGHT TO HELL”. McDonalds has the right to operate their restaurants any way they chose. If Europe don’t like their presence thwen if it were my choice I would close every damn McDonalds in Europe. Give these buttholes hell Jim,I for one am 100% behind you.

    17 more states planning Ariz. ‘illegal’ crackdown
    But ICE chief says feds might not ‘process’ illegals arrested by state:

    In what is developing into a standoff between states and the federal government that could be bigger than gun control or even health care, 17 states have launched versions of Arizona’s immigration law, even as federal officials say they may not bother to process illegal aliens caught by the states.
    William Gheen, president of Americans for Legal Immigration PAC, which has been trying to get officials to address the open southern border for years, warned the consequences could be dire.
    “Over the last couple days, Obama and the chief of ICE have refused to honor their oaths of office,” he said. “Their constitutional requirement is to enforce existing laws.
    “They’ve told the American public to go eat cake,” he said.
    Read more……..

  7. Citizen Carlyle (FUBO)

    Leo – good morning –

    I think most of us here would rather discuss ideas and broad issues than argue legal fine points. So with that in mind, let me pursue a comment you made to me yesterday.

    You said lawyers are upset with current situation. If that is the case, why aren’t they doing something? I know of less than a dozen lawyers who are actively doing anything.

    Most big issues seem to be overwhelmed with lawyers right away – some seeking money, some seeking power and glory, some who are dedicated to a cause. But everything about Obama has always puzzled me in that he seems to attract no lawyers – in spite of enough ‘blood in the water’ to start a ‘feeding frenzy’.

    ‘Tis a puzzlement.

  8. Jim Skinner CEO McDonalds……………………..

    I personally like all of your food products. I don’t always eat everything you offer but I do OCCASIONALLY. To me you are an American institution, and hopefully you will still be operating 100 years from now. I love your Sausage McMuffin.I eat em’ about twice a week. I also love your fish sandwich. It just needs to be a lot bigger! Keep it all coming bud there are a lot of people like me who really LOVE MICKEY DEE.

  9. observer // May 22, 2010 at 9:53 am
    This is great:
    oldsalt78 // May 22, 2010 at 10:58 am
    I second everything Col West had to say!!!!
    And, all in favor, say, Aye. AYE!

    BHO is simply unbearable! I think we should really begin to make noise with Washington for the failure of BHO to honor “his oath of office” in protecting our borders. The courts won’t hear us. The DOJ doesn’t give a hoot. Congress is the only branch of government left.

  10. MS Helga…………………………..

    I am hoping and praying that very soon one of our military academy Classes will BOO him right out the doors.

  11. According to the Border Patrol the public is being mislead as to WHO is coming into the US from Mexico. This IS THE TRUTH. as reported by WSBTV in Atlanta.

    Video 1

    Video 2

  12. Citizen Carlyle (FUBO) // May 22, 2010 at 11:20 am
    Most big issues seem to be overwhelmed with lawyers right away – some seeking money, some seeking power and glory, some who are dedicated to a cause. But everything about Obama has always puzzled me in that he seems to attract no lawyers – in spite of enough ‘blood in the water’ to start a ‘feeding frenzy’.
    ‘Tis a puzzlement.
    Hello, Citizen Carlyle – Do you suppose it’s because there is no money in it? Or, possibly it
    could be a threat to personal safety if someone really developed a case with “teeth” in it? I don’t know! But you are right on, IMO.

  13. It is quite clear that the only way Soetoro is going to learn anything is via a real verbal”slap down” by either a US GROUP,or a foreign country. He needs to discover that there ARE PEOPLE ON EARTH who will not ACCEPT,OR PUT UP WITH his childish behavior.

  14. This will be of interest to business owners – Last evening I read an article on-line about the new requirements for the filing of Forms 1099. Of course, most folks receive them at year-end, because they report how much in interest and dividend income one has received, as well as other forms of receipts, such as retirement plan distributions, etc.

    Well, small businesses also under present law have to report amounts $600 or more paid for contract labor, professional services, rents, etc.
    Now, beginning in 2012 or 2013 (I’ve forgotten) this requirement for filing 1099’s is to be greatly expanded to include amounts paid to corporations (previously only unincorporated entities had to receive them) and the worst part is that ALL payments for goods and services will have to be reported to payees on Forms 1099.
    So every business will have to know at year-end how much was paid to each and every vendor during the year and will, of course, have to obtain the vendor’s I.D. no. If the total is over $600, a 1099 will have to be prepared. One accountant said, “Good, my fees just went up!!”
    I do not share that feeling. It is going to be a nightmare. That is one of the provisions in the healthcare law. One of the things that Nancy said we would find out. IRS has been busy working on the details.

    Of course, anyone needing more details can go to the IRS website.

  15. Has anybody noticed lately the facial expressions that seem to prevail upon MISS Gibb’s face. Everytime she faces the press she gets this real “SNEAK” look on her face. I gues that sort of facial expression is part,and parcel with,and pretty clear evidence with regard to what is really going on at the WH. HER last appearance on FOX NEWS showed her to have an extremely haggard look,in addition to the usual slimey look.

  16. citizenwells

    **** New Post ****

  17. Cabby, it also contains a 3.8% tax when you sell your house!!

  18. CabbyAZ…………………………

    This is just one more thorn in the side of American business. The 1099 manure compounded by ALL other new US government crapola,will only cause the cost of American business to rise,and will result in a proportionate drop in business volume,across the country, and taxes coming in to the alleged Government will fall as well. So in reality all they are doing is shoveling feces against thr tide.

  19. thr=the

  20. I personally believe that a very large portion of American business will eventually relocate to places like Taiwan,China, and perhaps even third tier countries like Latvia,Albania ETC. I think that as long as the US continues,or initiates higher taxes American business will be forced to leave. Eventually the US would be all CHIEFS,and NO warriors. I wonder where they think that all the tax revenue is going to come from then.

  21. O really thinks we can’t read his coded messages – this time in his West Point speech: “In the future I will be using you, military, not to defend the U.S., but to put into place my own marching orders as a minion of the NWO generals … and you’re going to take it and like it!” And then he talks about the spreading of democracy around the world – ha!

    Krauthammer – “The Fruits of Weakness”:

  22. Isn’t this what triggers communism (fascism, marxism, etc.). Disenfranchise everyone, reduce them to poverty, then when all are disgruntled, broken down, crime in the streets, offer them salvation, protection, and gov’t handouts. Then everyone is equally impoverished and the rulers are firmly in control.

  23. Cabby - AZ

    Kiltie – You are right! Everyone will be equally impoverished and the rulers will have all the wealth. So when the statement is made, “redistribution of wealth”, they want us to think that the poor will be elevated, but just the opposite is true. We ALL will be poor, except those at the top. Our wealth, whether great of small, will have been stolen. That is what is happening right now!

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