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Reversing decent premarket gains, stocks turn lower mid-morning, the Dow and the S&P each...

Wednesday, November 14, 2012, 11:07 AM ET
Reversing decent premarket gains, stocks turn lower mid-morning, the Dow and the S&P each down about 0.7%. The fiscal cliff gets the headlines, but don't forget the perverse effects of monetary policy. After listening to a month's worth of financial company earnings calls, it's become clear the business of using money to make money is sluggish-to-lousy at the moment.

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This news story has 3 comments:

funguide Comments (43)

Seeking alpha editors keep your opinion on monetary policy to yourself. Let the readers decide for themselves whether it's a "perverse" policy or not.

14 Nov 2012, 11:14 AM Reply Like

CaladesiKid2 Comments (177)

Thank you, SA editors. You have provided an interesting indicator, perhaps a leading indicator? If the business of using money to make money is not doing well, what does that portend for other major segments of the world economy?

The financing industry needs to thrive for the economy to improve, obviously. This adds credence to the bearish camp that we have a ways to go, no sustained recovery in sight. In the face of the upcoming budgetary/regulation tsunami, we don't seem to be very well prepared to sustain another economic impact.

14 Nov 2012, 11:37 AM Reply Like

Petelovesamy Comments (178)

Laconic comment from me:
" it is the most unatural, for money to beget money" ~ Aristotle

14 Nov 2012, 01:12 PM Reply Like

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