No Sure Thing
However, some economists doubt uncertainty has played such a central role holding back the U.S. economy. If they are right, growth next year could disappoint even if politicians wow investors with a grand bargain.
Researchers at Goldman Sachs say the weak economy might be boosting measures of uncertainty as much as the other way around.
The bank doesn’t rule out an “uncertainty shock” over the next few months – most [...]
APPLE SHOCK: Apple’s Stock Is Crashing
It seems, just as everyone knew but really did not want to admit, that AAPL is the core (pun intended) of the entire risk-rally. With the re-appearance of the bond-market this morning after their long-weekend, risk-assets everywhere have caught the tech companies’ cold with EURUSD at one-week lows – back under 1.2900, S&P futures tumbling back towards pre-QEternity levels and having wiped out all of last [...]
Do you want to know what QE3 is going to do to the price of gold and the price of silver? Well, you can read what the financial experts are saying below, but it doesn’t take a genius to figure out what is likely to happen. During QE3, the Federal Reserve will be introducing 40 billion new dollars that have been created out of nothing into the financial system each [...]
With the ECB’s new bond buying scheme, it appears that Europe is turning the corner on the sovereign debt crisis, as peripheral countries should be able to steadily sell short term debt to investors, who can then flip it to the ECB.
This isn’t a total sure thing, since Spain hasn’t even asked for aid yet (a crucial precondition to bond buying) but at least the mechanisms are starting to fall [...]
Recent consensus has been that the U.S. housing market is recovering, albeit slowly. But the Fed’s decision today to purchase $40 billion in agency mortgage backed securities a month, suggests that it isn’t as confident.
We looked at the latest data on distressed housing, home prices, and negative equity, and highlighted some lingering concerns.
Read more: http://www.businessinsider.com/us-housing-recovery-concerns-2012-9#ixzz26PntZ5LU
By Paul B. Farrell, MarketWatch
SAN LUIS OBISPO, Calif. (MarketWatch) — Yes, I am dead serious. Overpopulation. Resource wars. Pandemics. Famine. Starvation. Water shortages. The Pentagon says by 2020 “warfare will define human life.” Unpredictable black swans, catastrophic events that will set off more global revolutions.
How can you plan your retirement? In this insane world? You can’t. Seriously, nobody will be able to prepare to retire anytime between [...]
Spike Lee is predicting a tough road to reelection for President Obama.
“This thing is not a lock,” the filmmaker told GQ in a recent interview. “It is not a lock that President Obama is getting a second term and people have to really rekindle the enthusiasm that we had the first time.”
Lee, who hosted a fundraiser for the president in January, said that he “just had a meeting with somebody high up [...]
From The Dynamic Dividend:
Each month I compile a list of companies likely to give their shareholders a raise, based on their historical dividend activity, current financial condition, and near-term prospects. Since I started writing these forecasts, 98% (85 out of 87) of the featured companies have come through with dividend hikes shortly thereafter.
Below are my picks for June. Collectively, the five companies listed below have more than 175 consecutive years [...]
There is a sense of panic amongst the bulls. My goodness the SP500 hasn’t gone anywhere in 9 weeks, and the economic data isn’t look too good. Many of the bulls must be wondering to themselves: “Ooops! I fell for it again”. The market appears to be topping out after we were all told that this is one of those can’t miss you better jump on board now the train [...]
From Dividend Growth Stocks:
In addition to death and taxes, we can add one more sure thing: Until death, our bodies will continue to age and need more attention. As I am approaching 50, this is becoming more of a reality to me. I take little comfort in knowing that there are millions of other people in the same situation. However, from an investing standpoint, it does provide an opportunity.
As each [...]
Touting the auto bailout at a fundraiser in Detroit, President Obama told supporters we are now seeing what change looks like.
“In just three years, because of what you did in 2008, we’ve begun to see what change looks like. We’ve begun to see it,” Obama said. Transcript below.
OBAMA: When you decide to support a candidate named Barack Hussein Obama, you know the odds are not necessarily in your favor. You [...]
From Dividend Growth Stocks:
Performance and sustainability – that’s what investors in Dividend Growth Stocks are looking for. It’s very easy to find stocks with a yields greater than 10%, but how many of those will be able to sustain or grow their dividend over 10, five, or even three years? Also, it doesn’t take much effort to find a company that can sustain and grow its dividend because it is [...]
by Charles Hugh Smith from Of Two Minds
A Useful Fiction: Everybody Loves A Melt-Up Stock Market
A sudden sharp decline in stocks may not thrill retail investors, but it would be catnip for big trading desks that used the melt-up rally to get short.
One of the more useful Wall Street fictions is the naive notion that big players and small-fry equity owners alike love low-volatility “melt-up” markets that slowly creep higher on [...]
The U.S. Treasury’s Office of Thrift Supervision noted last year (page 7):
The FBI estimates that 80 percent of all mortgage fraud involves collaboration
or collusion by industry insiders.
This confirms what one of the country’s top fraud experts has said for years: that it was fraud by the big banks – more than anything done by the little guy – which caused the financial crisis:
William K. Black – professor of economics and law, and the [...]
Germany May be Ready to Surrender in Fight to Save Greece
Germany may be getting ready to give up on Greece.
“After almost two years of fighting to contain the region’s debt crisis and providing the biggest share of three European bailouts, Chancellor Angela Merkel is laying the ground for what markets say is almost a sure thing: a Greek default.
“It feels like Germany is preparing itself for a [...]
Distressingly weak August jobs data makes action from the Federal Reserve a sure thing sooner rather than later in the view of Michelle Girard, Senior Economist at RBS. “The table had sort of been set for Fed action,” she notes, today’s jobs number “just accelerates it.”
Girard thinks the most likely course of Fed action is a process of buying and selling Treasury Securities in what’s [...]
Image: Wikimedia Commons
That means it’s time we returned to the real crisis in the world, and that’s Europe.
It was a little over a week ago that the EU held a big bailout party for Greece, unveiling a brand new and bigger bazooka, designed to restructure Greek debt, and prevent the ragin’ contagion from hitting Italy and Spain.
The optimism last for like a day. Since then, Italian stocks [...]
Tuesday, senior S&L regulator William K. Black slammed the FCIC for failing to call out fraud. As told the Real News:
* The Commission was unwilling to use the “F” word (“fraud”)
* “They’ve drawn the picture of the horse, but they refuse to call it a ‘horse’”
* The Commission’s conclusions could only have occurred with fraud by the most senior ranks of the big banks
* They made millions of liars loans, [...]
the stock market has been pumped up into a bubble with the baby boomers 401(k) money.
baby boomers retirement money has been being pumped into wall street, week-after-week, year-after-year, chasing a limited number of stocks.
the only reason “the stock market went up” is because people kept trading the same stocks back-and-forth… week-after-week, bidding the stocks higher and higher, in a classic bubble…
but this bubble has the life savings of the [...]
William K. Black – professor of economics and law, and the senior regulator during the S & L crisis – explained last month before to the Financial Crisis Inquiry Commission why banks gave home loans to people who they knew couldn’t repay. The whole piece is a must-read, but here are excerpts from the introduction:
The data demonstrate conclusively that most [...]
The price of oil is rising Ã¢â‚¬â€œ BULLISH! More profits for the energy companies, and more investments in “clean energy.”
Most of the new jobs created in March were part-time or temporary Ã¢â‚¬â€œ BULLISH! Since the economy has turned the corner full-time job offers are practically a sure thing.
But didn’t wages go down too? Ã¢â‚¬â€œ BULLISH! Revenues – Costs = Profits!
41 states have revenue shortfalls Ã¢â‚¬â€œ BULLISH! Various states have always [...]