(1) Lets hope the US writes off massive amounts of its debt, especially to china. Interest rates will be higher on new bonds, but this is exactly what the treasury needs: to realize its true cost of borrowing.
(2) Peak oil is long dead. Not it is, "Peak? OIL!"
(3) Attempts to pry Britain and Germany out of the EU (which would destroy it) should be an American economic, political, diplomatic and military objective.
Pundit makes me proud to be an economist. After all the bellyaching and naysayers the economy is about to enter its 4th year of recovery. Where is the ECRI with its "imminent recession forecast" of the last two years? As usual, entrepreneurship (especially in the energy and basic materials sectors) have caused the recovery, which is only being held back by Obamanible economic policy and low interest rates.
The Real Economy Vs. The Ivory Tower: Does Charles Plosser Live On Mars? [View article]
Oilfinder:
==>You've accomplished the rare feat of writing something that had already been wrong for a year-and-a-half by the time you wrote it. <==
Not rare at all. Some analysts and seek alpha acolytes think the inflation rate "REALLY," is 15% or whetever; that the unemployment rate, "REALLY," is 10% or whatever. And the ECRI has been forecasting a recession for so long they soon will receive a copy of JK Galbraith's Nobel prize; since he spent most of his postwar years waiting for a new depression.
By the way oilfinder, you realize we are "running out of oil,?" don't you?
Equal Weight Vs. Marketed Weight Indexes: Not An Issue With The Transportation ETF [View article]
I am using the words "equal weighted" in the mathematical sense of the term. Each price of each stock carries the same weight as any other. Add up all the prices and divide by the divisor (given...nice work on a rainy day) and you'll get the index value. Most of the time we just use the term simple average.
A "weighted average" assigns different weights to the various stock prices based upon some criteria. A student who has grades of 80, 85 and 90 on 3 exams that have weights of 30%, 30% and 40% of his final grade must use weighted average methodology to get his final semester grade.
None of the Dow averages do this. They are simple (equal) weighted.
No. I would believe market based indicators, which are based on foresight by brazillions of individual investors, long before I would believe economic indicators, which are based on past data and subject to revision.
Well ETFster I am just trying to draw a conclusion from some data. If the economy was doing poorly---and like it or not, we are about to enter the fourth year of a modest recovery--- then the assortment of ETF performances would be different.
The less WASHINGTON has to say about our energy policy, and the more BUSINESSES and consumers have to say about it, the better off we will be. We can start by eliminating DOE entirely.
Electric vehicle roundup: 1) The NHTSA says vehicles traveling slower than 18 mph must make an audible noise that can be detected by bicyclists and pedestrians. The agency thinks the measure will only add about $35 to manufacturing costs. 2) Year-end sales totals for Chevrolet Volt (GM) indicate the model saw sales grow 206% to 7,671 units, below some early sales targets but above dour estimates from notable EV critics. 3) Chatter on the Tesla (TSLA) Forums indicates the automaker saw a surge of activity late in Q4 which could tip off it met its quarterly production goal. [View news story]
If you are driving less than 18 mph, roll dwon your window and grumble Vrooom Vroom! It is alot cheaper.
Windows 8 (MSFT) is being adopted at a slower rate than the much-maligned Vista, and a much slower rate than Windows 7, according to usage data from Net Applications. As of Dec. 22, Win. 8 was used on an estimated 1.6% of all Windows PCs. This compares with 2.2% for Vista at a similar point in its release history, and 6%+ for Win. 7. Consumer PC demand remains tepid, and many enterprises have made it clear they have no interest in upgrading to Win. 8, at least for now. [View news story]
I used a Win8 PC down at the mall. It crashed while I was using it. F**K Win8.
Three lunchtime reads:
1) Preparing for the unthinkable: Could markets handle a U.S. default?
2) Peak oil theories 'increasingly groundless', says BP chief
3) PM: Britain to drift out of EU without reforms [View news story]
(2) Peak oil is long dead. Not it is, "Peak? OIL!"
(3) Attempts to pry Britain and Germany out of the EU (which would destroy it) should be an American economic, political, diplomatic and military objective.
Labor Market Keeps On Improving [View article]
Three lunchtime reads:
1) Why the U.S. economic crisis is a depression and not a recession
2) Recognizing the need for economic adjustment in China
3) The high yield market is 'completely out of control' [View news story]
The Real Economy Vs. The Ivory Tower: Does Charles Plosser Live On Mars? [View article]
==>You've accomplished the rare feat of writing something that had already been wrong for a year-and-a-half by the time you wrote it. <==
Not rare at all. Some analysts and seek alpha acolytes think the inflation rate "REALLY," is 15% or whetever; that the unemployment rate, "REALLY," is 10% or whatever. And the ECRI has been forecasting a recession for so long they soon will receive a copy of JK Galbraith's Nobel prize; since he spent most of his postwar years waiting for a new depression.
By the way oilfinder, you realize we are "running out of oil,?" don't you?
Equal Weight Vs. Marketed Weight Indexes: Not An Issue With The Transportation ETF [View article]
A "weighted average" assigns different weights to the various stock prices based upon some criteria. A student who has grades of 80, 85 and 90 on 3 exams that have weights of 30%, 30% and 40% of his final grade must use weighted average methodology to get his final semester grade.
None of the Dow averages do this. They are simple (equal) weighted.
Underperforming Sector ETFs Sending Optimistic Economic Message [View article]
How To Interpret FAST Graphs™ [View instapost]
Not so F.A.S.T.! Sorry Dan and Chuck....I couldn't pass it up!
Underperforming Sector ETFs Sending Optimistic Economic Message [View article]
Underperforming Sector ETFs Sending Optimistic Economic Message [View article]
Philanthropist Yossie Hollander Talks Fuel Freedom [View article]
Electric vehicle roundup: 1) The NHTSA says vehicles traveling slower than 18 mph must make an audible noise that can be detected by bicyclists and pedestrians. The agency thinks the measure will only add about $35 to manufacturing costs. 2) Year-end sales totals for Chevrolet Volt (GM) indicate the model saw sales grow 206% to 7,671 units, below some early sales targets but above dour estimates from notable EV critics. 3) Chatter on the Tesla (TSLA) Forums indicates the automaker saw a surge of activity late in Q4 which could tip off it met its quarterly production goal. [View news story]
Can You Retire With A $1,000,000 Portfolio? An Urgent Follow Up [View article]
"While women in general still only earn roughly 77% of what a man earns doing the same job,..."
This includes SELF EMPLOYED WIMMIN', who also earn about 2/3rds of their male counterparts. So the wimmin' are discriminating against themselves?
How To Screen For Wonderfully Boring Stocks [View article]
The Great Recession Is Over: Time To Back Up The Truck [View article]
Windows 8 (MSFT) is being adopted at a slower rate than the much-maligned Vista, and a much slower rate than Windows 7, according to usage data from Net Applications. As of Dec. 22, Win. 8 was used on an estimated 1.6% of all Windows PCs. This compares with 2.2% for Vista at a similar point in its release history, and 6%+ for Win. 7. Consumer PC demand remains tepid, and many enterprises have made it clear they have no interest in upgrading to Win. 8, at least for now. [View news story]