Gold's Biggest Downfall Since The 1980s: Investors, Don't Panic! [View article]
I'm hiding and waiting, no AU stocks, but physical, bought cheap. When it gets down to twice what I paid for the last investment, I'm going again. 165 pts. to go...
How Congress Could Fix Its Budget Woes, Permanently [View article]
That's the stuff, a country of 320,000 - the most sparsely populated country in Europe, and the fourth most productive country per capita. Meanwhile, they have no standing army and are Norsemen. Wow, that's just like the U.S.A.!
I do agree failed banks should have been alowed to fail. Then the real economy would have arrived, but we might have crashed the global economy. Iceland's economy is less than 100th our size.
But, print away, it couldn't drive the dollar into a 1929 Reichsmark, could it?
Approaching The Fiscal Cliff As A Nash Equilibrium [View article]
If top end taxpayers have less aversion to mutual pain, than tax pain focused on them only; coupled with a desire to end federal extended unemployment, there could be a stonewall.
Additionally, since low-taxers will not turn to the Democratic Party, or blame Republicans, knowing they are their only party of potential aid...the political loss from blame could be minimal in current measures. Plus, with trillions of corporate and investor dollars "on the sidelines" there is some argument that a recessionary drop in market prices would offer the greatest buying opportunity, in Q2 or Q3.
Add the debt ceiling debate, following "the largest tax hike in history", and middleclass taxpayers may well sour on blaming Republicans...again by the Summer.
While the worst economic results over the short term would provide initial Democrat support (GOP blame), perhaps it could be viewed that a recessionary slump directly after inaugural balls could begin the souring by the Summer, or at least Fall, as hardships and expanding taxes are clearly in focus. Since business and investors have a better understanding of the results of The Cliff, they should be the best prepared for it's results.
In 2014 Obamacare fully kicks in, perhaps under a scenario of a year of extended unemployment insurance losses, job losses and loss of consumer confidence...then the 2014 elections come.
So, perhaps we have a function of time and political swings to incorporate, as well as immediate economic results and blame. And, since Democrats have not offered new plans, only reiterating their campaign plans, it should be possible to find a deal-killer that spreads blame more evenly. Besides, how do you buy long-term blame for a result when both the president and Geithner are on film embracing as a viable alternative to Republican calls for spending cuts?
It appears, as usual, Democrats play short-term as winners, and Republicans long, when recent losers. It's 2009 again.
If the U.S. goes over the fiscal cliff, the biggest impact in sheer dollars would land on relatively affluent households, but in terms of percentage of tax increases, low- and moderate-income taxpayers would face the biggest burden - an often overlooked part of the budget debate that’s beginning to draw attention as the year-end deadline nears. [View news story]
Merry Christmas, the anniversary of our Blessing. Archangel Gabriel, Mary, Elizabeth, shepherds, and wise Men bore him witness, I can do no less, as He is my Lord, Jesus.
General Motors (GM) announces it will spend $5.5B to buy back 200M shares from the U.S. Treasury. GM +6.6% premarket. [View news story]
Assuming a price in the $27.50 range, this implies a nearly 50% loss on the government's breakeven price of $54. So much for the "profit" spin. One hopes all those Union votes were well worth the now booked $40+ billion cost to all taxpayers.
McMoRan Exploration (MMR) soars 21% premarket after the FT reports Freeport McMoRan (FCX) is looking to get back into the energy production business, with MMR acquisition target #1. Another possibility is Plains Exploration (PXP), which has ties to both FCX and MMR. [View news story]
I'll take muscle/steel/engineering over "virtual" anything.
No Growth Means Market Crash, Regardless Of Fiscal Cliff Deal [View article]
I can follow that plot.
I wonder if I can get some mustard for the Fed/Treasury "Pretzel Logic" ~ while we hear the "All You Need is Taxes Overture" ~ opening the "Blame Capitalism Ballet".
Biderman is a near term macro-skeptic, it's his defining interest; and frankly, I find him more macro-sensible than all the printers, taxers and socialists put together. I ask, which stream of thought seems the most sustainable?
I've found buying gold from Q2 2006-Q2 2007 and waiting patiently for SHAW to sell have been my simple, most profitable recent moves. Those who buy into the goverment-bank axis have to get far to complicated to explain why their theories make sense. I'll just hold my cash+gold to hide and watch awhile longer...y'all earn those commissions. Exploration and production will return.
Chinese trade surplus $26.7B in August vs. $25.1B in July and forecasts of $17.2B. Exports +2.7% Y/Y vs. consensus of +3%. Imports -2.6% vs. +3.4%. Bank of America economist Ting Lu says the fall in imports is "not good, but not that scary," explaining that falling commodity prices played a key part. [View news story]
A drop of 6% in import expectations? Not too encouraging for the US, Asia and the EU. China sneezes, we catch cold.
Facebook (FB -4%) can't catch a break. Shares are making new lows again, and are now barely above $20. The selloff has become bad enough that California may have to revise its budget assumptions. Facebook has received some more bad PR (previous) courtesy of developer Dalton Caldwell, who accuses Facebook execs of threatening to crush an app he was building (allegedly for affecting Facebook's ad sales) if he didn't agree to sell his company. [View news story]
The virtual reality state catches a social networking disease. Like les socialistes heard what they wanted Draghi to say last week.
Jamie Dimon picks up 500K shares of JPMorgan Chase (JPM) - about $17M worth - according to a late-Friday filing. The moves (by Dimon and his wife and associated trusts) come in combination with selling about $13.5M worth of preferred shares. [View news story]
They could be the difference under a DoL investigation.
Jamie Dimon picks up 500K shares of JPMorgan Chase (JPM) - about $17M worth - according to a late-Friday filing. The moves (by Dimon and his wife and associated trusts) come in combination with selling about $13.5M worth of preferred shares. [View news story]
U.S. LNG Exports - No Cause For Alarm [View article]
Gold's Biggest Downfall Since The 1980s: Investors, Don't Panic! [View article]
When it gets down to twice what I paid for the last investment, I'm
going again. 165 pts. to go...
How Congress Could Fix Its Budget Woes, Permanently [View article]
I do agree failed banks should have been alowed to fail. Then the real economy would have arrived, but we might have crashed the global economy. Iceland's economy is less than 100th our size.
But, print away, it couldn't drive the dollar into a 1929 Reichsmark, could it?
I worry that some people believe this stuff.
Fear And Loathing On Wall Street [View article]
introduce an older version of similarity:
“Why, sometimes I've believed as many as
six impossible things before breakfast.”
― Lewis Carroll's White Queen.
We are certainly Though the Looking Glass.
Look whom we have elected president...twice!
Approaching The Fiscal Cliff As A Nash Equilibrium [View article]
Additionally, since low-taxers will not turn to the Democratic Party, or blame Republicans, knowing they are their only party of potential aid...the political loss from blame could be minimal in current measures. Plus, with trillions of corporate and investor dollars "on the sidelines" there is some argument that a recessionary drop in market prices would offer the greatest buying opportunity, in Q2 or Q3.
Add the debt ceiling debate, following "the largest tax hike in history", and middleclass taxpayers may well sour on blaming Republicans...again by the Summer.
While the worst economic results over the short term would provide initial Democrat support (GOP blame), perhaps it could be viewed that a recessionary slump directly after inaugural balls could begin the souring by the Summer, or at least Fall, as hardships and expanding taxes are clearly in focus. Since business and investors have a better understanding of the results of The Cliff, they should be the best prepared for it's results.
In 2014 Obamacare fully kicks in, perhaps under a scenario of a year of extended unemployment insurance losses, job losses and loss of consumer confidence...then the 2014 elections come.
So, perhaps we have a function of time and political swings to incorporate, as well as immediate economic results and blame. And, since Democrats have not offered new plans, only reiterating their campaign plans, it should be possible to find a deal-killer that spreads blame more evenly. Besides, how do you buy long-term blame for a result when both the president and Geithner are on film embracing as a viable alternative to Republican calls for spending cuts?
It appears, as usual, Democrats play short-term as winners, and Republicans long, when recent losers. It's 2009 again.
If the U.S. goes over the fiscal cliff, the biggest impact in sheer dollars would land on relatively affluent households, but in terms of percentage of tax increases, low- and moderate-income taxpayers would face the biggest burden - an often overlooked part of the budget debate that’s beginning to draw attention as the year-end deadline nears. [View news story]
Archangel Gabriel, Mary, Elizabeth, shepherds, and wise Men
bore him witness, I can do no less, as He is my Lord, Jesus.
May peace be unto your house.
Fiscal Cliff: Let's Call Their Bluff [View article]
General Motors (GM) announces it will spend $5.5B to buy back 200M shares from the U.S. Treasury. GM +6.6% premarket. [View news story]
http://bit.ly/WrScYC
McMoRan Exploration (MMR) soars 21% premarket after the FT reports Freeport McMoRan (FCX) is looking to get back into the energy production business, with MMR acquisition target #1. Another possibility is Plains Exploration (PXP), which has ties to both FCX and MMR. [View news story]
No Growth Means Market Crash, Regardless Of Fiscal Cliff Deal [View article]
I wonder if I can get some mustard for the Fed/Treasury "Pretzel Logic" ~ while we hear the "All You Need is Taxes Overture" ~ opening the "Blame Capitalism Ballet".
Biderman is a near term macro-skeptic, it's his defining interest; and frankly, I find him more macro-sensible than all the printers, taxers and socialists put together. I ask, which stream of thought seems the most sustainable?
I've found buying gold from Q2 2006-Q2 2007 and waiting patiently for SHAW to sell have been my simple, most profitable recent moves. Those who buy into the goverment-bank axis have to get far to complicated to explain why their theories make sense. I'll just hold my cash+gold to hide and watch awhile longer...y'all earn those commissions. Exploration and production will return.
Chinese trade surplus $26.7B in August vs. $25.1B in July and forecasts of $17.2B. Exports +2.7% Y/Y vs. consensus of +3%. Imports -2.6% vs. +3.4%. Bank of America economist Ting Lu says the fall in imports is "not good, but not that scary," explaining that falling commodity prices played a key part. [View news story]
encouraging for the US, Asia and the EU.
China sneezes, we catch cold.
Facebook (FB -4%) can't catch a break. Shares are making new lows again, and are now barely above $20. The selloff has become bad enough that California may have to revise its budget assumptions. Facebook has received some more bad PR (previous) courtesy of developer Dalton Caldwell, who accuses Facebook execs of threatening to crush an app he was building (allegedly for affecting Facebook's ad sales) if he didn't agree to sell his company. [View news story]
Like les socialistes heard what they wanted Draghi to say last week.
Jamie Dimon picks up 500K shares of JPMorgan Chase (JPM) - about $17M worth - according to a late-Friday filing. The moves (by Dimon and his wife and associated trusts) come in combination with selling about $13.5M worth of preferred shares. [View news story]
Jamie Dimon picks up 500K shares of JPMorgan Chase (JPM) - about $17M worth - according to a late-Friday filing. The moves (by Dimon and his wife and associated trusts) come in combination with selling about $13.5M worth of preferred shares. [View news story]
On the hour: Dow +0.52%. 10-yr +0.35%. Euro -0.13% vs. dollar. Crude +0.29% to $84.16. Gold +0.42% to $1626.45. [View news story]
http://bit.ly/MdnxTr
Welcome to the machine...