DOW HIT 15180!!!
Nasdaq-100 Breaks 3000, First Time Since 2000
As Stocks Rally, Market Flooded With New Shares
New offerings jumped to $13.6 billion last week, the highest of the year and more than five times the previous week’s $2.5 billion, according to market research firm TrimTabs.
Total float in the market—or the amount of shares available for purchase—has increased 1.4 percent this year, even though corporate buying has approached five-year highs.
Last time the [...]
Intel is reportedly on the cusp of delivering something that consumers around the world have been wanting for a long, long time.
Kelly Clay at Forbes reports Intel is going to blow up the cable industry with its own set-top box and an unbundled cable service.
Clay says Intel is planning to deliver cable content to any device with an Internet connection. And instead of having to pay $80 a month for [...]
HOLIDAY — Rhonda Swetland saw the cruisers surrounding the convenience store next door and started clapping.
“We were waiting for this to happen for a long, long time,” said Swetland, who owns Kids’ Stop-N-Play day care center. The convenience store next door, Pure Gas, at 5317 Mile Stretch Drive, was raided Thursday for allegedly selling synthetic marijuana, commonly known as Spice. Swetland said people loiter outside the store all day smoking, [...]
Friday, March 23, 2012, 11:10am EDT Written by GoldAlert Staff.
Central banks are “known for overstaying their welcome” with regard to easy monetary policies, according to James Bullard, President of the Federal Reserve Bank of St. Louis.
In an interview with Bloomberg, Bullard argued that the global economy will face higher inflationary risks in the years ahead if central banks such as the Fed maintain their ultra-accommodative stance for too long.
“There’s some risk [...]
ederal Reserve Bank of St. Louis President James Bullard said the U.S. and world economies risk elevated inflation that persists for years should developed nations mistime their exits from easy monetary policies.
“Once inflation gets out of control, it takes a long, long time to fix it,” Bullard said in a Bloomberg Television interview in Hong Kong today. “Ultra-easy” policies across the Group of Seven nations, which include the U.S. and Germany, [...]
In 1865, four European countries decided to form a monetary union. France, Belgium, Italy, and Switzerland formed what is known as the Latin Monetary Union.
This union was to be a bimetallic monetary system. Although it had no common currency, the French Franc was the international store of value, and the Banc of France was the lender of last resort. All national silver & gold coins were allowed in settling domestic transactions. [...]
If Mitt Romney has gotten a bad rap for making some questionable statements about his wealth, then Rick Santorum has to be knocked for some questionable statements about women.
Throughout the course of the campaign, Santorum has been called into question for offering up some controversial opinions on women and women’s rights.
He has stood in opposition to contraception, abortions, prenatal care, and women in the military, just to name a few. And it’s [...]
PIMCO founder and co-CIO Bill Gross spoke with Bloomberg Television’s Tom Keene today about the launch of the Total Return ETF, investment strategy and the ISDA’s decision on Greek debt.
Gross said that the ETF is “really a mom-and-pop type of thing from my standpoint.” He also said that the ISDA has yet to make a final call on Greek default-swaps and that “it’s not a slam dunk…we expect the next [...]
“A 30-50 year virtuous cycle of credit expansion which has produced outsize paranormal returns for financial assets—-bonds, stocks, real estate and commodities alike—-is now deleveraging because of excessive risk and the price of money at the zero-bound. We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.”
This quote from Bill Gross’s February comment for Pimco neatly summarizes in one sentence [...]
While sounding just a tad preachy in his February newsletter, Bill Gross’ latest summary piece on the economy, on the Fed’s forray into infinite ZIRP, into maturity transformation, and the lack thereof, on the Fed’s massive blunder in treating the liquidity trap, but most importantly on what the transition from a levering to delevering global economy means, is a must read. First: on the fatal flaw in the Fed’s plan: “when [...]
In his latest monthly letter, PIMCO’s Bill Gross has a long philosophical-sounding discussion about credit, delevering, and the difficult task facing Bernanke.
The money line is this paragraph at the end:
Where does credit go when it dies? It goes back to where it came from. It delevers, it slows and inhibits economic growth, and it turns economic theory upside down, ultimately challenging the wisdom of policymakers. We’ll all be making this up as [...]
Op-Ed Contributor: A Way to Make People Buy Homes Again
If you read that op/ed piece, it’s written by an economics professor at Berkeley.
Without even reading it, but by just glancing at the headline, my first thought was how screwed up is the system and how broken are markets when a Berkeley professor of economics, no doubt best of buds with Krugman, gets an asinine article published on the front page [...]
To all who still think that in the war of attrition between the USD and the EUR (because contrary to what some have “discovered” only recently, currency wars have been going on for a long, long time and will continue to do so, before morphing into trade and real wars), in which both currencies are doomed, and where the winner takes it all, if only for a few minutes, we [...]
By ARTHUR LAFFER, WSJ
Some people actually believe government can create jobs by taxing and borrowing from people with jobs and then giving that money to people without jobs. They call this demand stimulus. To make matters worse, other people think these demand-stimulus ideas warrant a serious response.
Government taxes cigarettes to stop people from smoking, not to get them to smoke. Government fines speeders so [...]
John Taylor is again making the media rounds, following last week’s CNBC appearance in which his punchline is that next year was going to be “truly miserable“, today he was on Bloomberg continuing his thesis of how doom and gloom will be with the US for a long, long time, and that courtesy of no QE3, risk is about to go bidless (he differs with [...]
by Howard Gold
Has This Rally Only Just Begun?
Even though stocks have been rallying for almost two years and the Standard & Poorâ€™s 500 index has nearly doubled, many investors donâ€™t think weâ€™re in a bull market.
Itâ€™s all an illusion, powered by the Federal Reserveâ€™s printing presses, some worry.
Itâ€™ll come crashing down as soon as the world realizes the U.S. is broke, others warn.
Or â€” [...]
TrimTabs: “If the money to boost stock prices by almost $9 trillion from the March 2009 lows did not come from the traditional players, it had to have come from somewhere else.Â We believe that place is the Fed. By funneling trillions of dollars in cash to the primary dealers in exchange for debt, the Fed has given Wall Street lots of firepower to ramp [...]
German External debt / GDP = 148%
US External debt / GDP = 95%
German Public debt / GDP = 82%
US Public debt / GDP = 65%
German unemployment hits a 20-year low (?)…Lies, Statistics and German Lies…
Germany currently has ~9% of workers in a new classification – “Hartz IV” -
chronically unemployed with no hope of employment or justification for
Since 2005 Germany has had four different kinds of unemployment.
Hartz I are [...]
I do know this: The Democrats have been in control of Congress the past four years, including two years while Bush was President. I do know Congressman Barney Frank, (D), MA., and Senator Chris Dodd, (D), CT., allowed Fannie Mae and Freddie Mac to crash and they allowed big salaries and bonuses to be paid out to Officers and/or Employees while the two were failing. They forced Banks [...]
by Boca Joe
The National Bureau of Economic Research declared last week that the recession officially ended in June 2009. But according to a new poll from CNN/Opinion Research Corporation, Americans overwhelmingly disagree.
Nearly three-fourths of Americans â€” 74 percent â€” say the economy is still in a recession.
Economists and laypeople mean different things when they use the word â€œrecessionâ€: To most people, it refers to the level of economic activity. To [...]
After a six year wait, the BoJ has finally had enough of the Federal Reserve’s endless manipulation and has itself intervened in the currency market. The USDJPY jumps over 150 bps, the Nikkei surges 250 pts (that ES-Nikkei convergence or whatever the hell it was is closing soon) as the BOJ sells between 200 and 300 billion worth of yen. Yes, this is the time [...]
Charlie Gasparino, who recently left CNBC not on the best of terms, and ever since has been casting stone after stone at his former megalith employer, was on the O’Reilly Factor earlier, confirming what everyone has known for a long, long time, namely that CNBC’s pro administration bias which appeared spontaneously and unexpectedly in early 2009, came from the very top, i.e., Jeff Immelt himself. Quote Gasparino: “There was this [...]
3 minimum wage hikes since 2006 and more competition for low wage jobs (just because they are jobs)
Young people need to be able to gain valuable work skills and for teenagers the minimum wage hikes have just made it that much harder to find work.
The minimum wage is in reality just cruel price fixing. Drop the minimum wage back to where it was in 2006 and get some of these [...]