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

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.
Comments (3)
  • funguide
    , contributor
    Comments (48) | Send Message
     
    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
    , contributor
    Comments (271) | Send Message
     
    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
    , contributor
    Comments (178) | Send Message
     
    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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