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Trader Monk

Trader Monk
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  • Split decisions on Super Tuesday - including a big delegate split in the fragile-employment key state of Ohio (still some 500K nonfarm jobs below its year-2000 peak) - mean a longer haul for the GOP primaries, with 67% of delegates still at stake after today. A Romney-Obama matchup is still likely, though tonight's results may have less impact on the presidential race than this Friday's jobs report might.  [View news story]
    "this Friday's jobs report might"..You really mean..this Friday's propoganda report..since these numbers continue to be manipulated by this administration..for political purposes..
    Mar 7 07:57 AM | Likes Like |Link to Comment
  • Brushing aside clear signals the Fed is on hold for now, Morgan Stanley's Vince Reinhart (also a former Fed man) sees further QE, perhaps as soon as April. Maybe of most import, Reinhart believes the Fed wants to get moving soon so as not to have to undertake such action in the middle of election season.  [View news story]
    David..that sounds about right..but this is right in the middle of election season..just like all of the questionable and manipulated employment numbers.."Rush was right" as he has been predicting improving economic numbers in 2012..What a coincidence..If some of these numbers are real and the economy is improving..some..then it is
    notwithstanding Oblamo and not because of him..and his policies..
    Mar 6 05:08 AM | Likes Like |Link to Comment
  • Shockingly, members of Congress are pledging to stop the Postal Service from closing post offices and mail-sorting hubs amid a $5B flow of red as first-class volume declines. Sen. Wyden brings voting rights into it, saying planned closings "threaten the integrity of Oregon's vote-by-mail system."  [View news story]
    You can't close those post offices..how else would all the dead people vote?..You can't expect the dead to go to the voting booths..
    Mar 2 08:32 AM | 3 Likes Like |Link to Comment
  • Bank of America (BAC) is denying reports that it is testing plans to charge customers for keeping a checking account: "Media reports this morning provided inaccurate information. [BofA] is not planning to increase checking account fees with our existing customers." Perhaps Sen. Dick Durbin, one of the bank's harshest critics, will be satisfied (WSJ report).  [View news story]
    Banks..and other businesses are entitled to make a profit..whether
    the liberals and socialists think so or not..
    Mar 2 08:15 AM | Likes Like |Link to Comment
  • Bank of America (BAC) is denying reports that it is testing plans to charge customers for keeping a checking account: "Media reports this morning provided inaccurate information. [BofA] is not planning to increase checking account fees with our existing customers." Perhaps Sen. Dick Durbin, one of the bank's harshest critics, will be satisfied (WSJ report).  [View news story]
    I don't give a rat's ass whether that asshole Dick Durbin is "satisfied" or not!!
    Mar 2 04:40 AM | 2 Likes Like |Link to Comment
  • That didn't take long. Massachusetts Sec. of the Commonwealth William Galvin slams Bank of America's (BAC +2.3%) consideration of new fee structures on its checking accounts, and proposes a law barring banks from holding state deposits if they don't offer basic checking without fees. Expect to hear soon from the new Consumer Financial Protection Bureau. (also)  [View news story]
    That's right..I demand that businesses offer FREE services..
    They have absolutely NO right to make money..
    Mar 1 12:30 PM | 9 Likes Like |Link to Comment
  • EIA estimates show how tricky it might be to impose sanctions on Iran, especially in an election year. Based on figures for Feb, fuel use was 3M bpd more than production when excluding Iran from the calculations and just 500K more when it is included. It's no wonder that Barclays sees Brent hitting $150/barrel.  [View news story]
    Hey Neil..we always have the alternative utopian European socialism
    like Greece..that seems to work well..
    Mar 1 08:43 AM | 1 Like Like |Link to Comment
  • Employers and business groups are trying to stop an Obama administration effort that calls for federal contractors to hire a minimum number of disabled workers and could penalize those who don't by revoking their contracts. The proposal could reshape hiring at ~200,000 companies that generate $700B/year in contracts with the U.S. government.  [View news story]
    Is there ANYTHING that this administration does not want to regulate?
    Feb 29 09:07 AM | 3 Likes Like |Link to Comment
  • It could take as long as 5 years to bring unemployment down to 6%, cautions Cleveland Fed President Sandra Pianalto. The economic recovery has been "frustratingly slow," but monetary policy is now appropriately positioned to eventually achieve this "maximum employment" level.  [View news story]
    It won't take 5 years..This administration will have the rate down to 6%
    by election day..haha..all it takes is a little creativity..
    Feb 29 04:07 AM | 1 Like Like |Link to Comment
  • Jan. Durable Goods: -4% vs. -0.7% expected, +3.2% (revised) prior. Ex-transport -3.2% vs. +2.1% prior.  [View news story]
    Very good..exactly what I was thinking..but the liberal media will find a way..
    Feb 28 08:39 AM | 2 Likes Like |Link to Comment
  • "I wouldn't take QE3 off the table ever," says the Fed's James Bullard, speaking on CNBC. On the other hand, he's optimistic about the economy, seeing 3% growth possible in 2012 with unemployment falling to 7.8% by year's end.  [View news story]
    It is astounding that really smart and influential people like the Fed's
    Bullard can comment on the "official" unemployment rate like it is
    accurate..when they know that it is a fabricated and manipulated number..
    Feb 24 08:18 AM | 3 Likes Like |Link to Comment
  • Bank lobbyists couldn't kill off the Volcker Rule on their own, but they're getting Congress and regulators to render it hopelessly complex and unworkable, Jesse Eisinger writes. Banks even pushed regulators to widen proposed restrictions on trading and hedge-fund ownership by foreign firms, then encouraged governments around the world to complain about the rule’s reach.  [View news story]
    Rob..You can blame banks for everything..but it is simply not justified..
    Feb 23 11:34 AM | Likes Like |Link to Comment
  • Still trying to track down $1.6B in missing customer money, regulators are reportedly focusing on two transfers made during MF Global's (MFGLQ.PK) final days, including a previously undisclosed $165M transaction.  [View news story]
    I wonder if Corzine transferred some of the missing money to Oblamo's campaign..Good place to start the search..
    Feb 23 05:22 AM | 1 Like Like |Link to Comment
  • The Obama administration will propose today lowering the top income-tax rate for corporations to 28% from 35% and reduce the tax rate on manufacturing to 25%, while raising overall tax revenue by eliminating dozens of deductions. But don’t rip up your tax-planning documents just yet, as any plan isn't likely to make it through a deeply divided Congress in an election year.  [View news story]
    Sorry..Oblamo loves the headline "proposing to lower corporate taxes"..but this is another shell game since the headline says "while raising overall tax revenue by eliminating dozens of deductions"..so if this is actually lowering taxes then how come his proposal raises revenue? Sounds like he is raising taxes..remember when it comes to liberals and assessing taxes "IT IS NEVER ENOUGH!"
    Feb 22 02:28 PM | 2 Likes Like |Link to Comment
  • It's an election year (not just in the U.S., but across Europe as well), says Jim Rogers (video), so beware fading current rallies in risk assets. Wait until 2013 - when elections in the U.S., France, and Germany are over - for underlying problems to resurface.  [View news story]
    Yup..that's how Queen "Let them eat cake" is able to justify 16 vacations on the taxpayers' dime..
    Feb 22 01:43 PM | 2 Likes Like |Link to Comment
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