Fed Vice Chair Janet Yellen surprises no one, calling for the central bank to press on with its asset purchases. It's the usual story - the benefits are obvious, the costs negligible, if any. QE will continue, she says, until there is substantial improvement in the outlook for the labor market. [View news story]
"It's amazing to me that anyone would be long anything here, with these kinds of anomalies going on, and the flash crash of 2010 still largely unexplained or addressed... we are literally milli-seconds away at any time from a limit down closed market..." sept 17, 2012....
Guess who said this...after that post Stocks are up more than 15%.
Fed Vice Chair Janet Yellen surprises no one, calling for the central bank to press on with its asset purchases. It's the usual story - the benefits are obvious, the costs negligible, if any. QE will continue, she says, until there is substantial improvement in the outlook for the labor market. [View news story]
Bernanke SAT score was 1,590...(perfect in math)pretty good.
Who do you wanted for Chairman? Tebow? LOL!!!!!!
We can't have mentally retarded people directing the Federal Reserve. Bernanke's actions are correct.
Fed Vice Chair Janet Yellen surprises no one, calling for the central bank to press on with its asset purchases. It's the usual story - the benefits are obvious, the costs negligible, if any. QE will continue, she says, until there is substantial improvement in the outlook for the labor market. [View news story]
Tuna, do I need to show your comments from 2010? You were saying things would collapse in 2010 what happened?
Michigan Governor Rick Snyder declared Detroit to be in a state of emergency on Friday and said he would appoint an outside manager to help turn around its dire finances, which include $14B in long-term liabilities. City officials have ten days to persuade Snyder to change his mind. Should he uphold his decision, it would be the latest step in attempts to prevent Detroit filing what would be the biggest municipal bankruptcy in U.S. history. [View news story]
I love it. Shorts getting lunatic.....feels good making money while guys like nightly whine....
Electric Vehicle Roundup: 1) Chevrolet Volt (GM) sales continue to fluctuate wildly, up 59% Y/Y and 43% M/M in Feb. to easily beat sales on Toyota's (TM) Prius. 2) Look for Ford (F) to include sales numbers on the Fusion Energi as the model hits dealerships this month. 3) Nissan (NSANY.OB) sold 636 Leafs in the U.S., +36.6 Y/Y, flat M/M, just ahead of the unveiling of a new model. 4) In Scotland, politicians issue campaign promises to install an EV charging point every 50 miles. 5) Tesla Motors (TSLA) trades in the mid-$30s post-earnings. On tap: Will revenue cover payments on a DOE loan and production costs or will Elon Musk need to float more stock? [View news story]
Time to stop the billions of subsidies to some fat cats that make $100M toys like the F-35. We don't need the F-35 when we have already the F-22!
At the open: Dow +0.04% to 14081. S&P +0.21% to 1519. Nasdaq +0.29% to 3172. Treasurys: 30-year +0.07%. 10-yr +0.08%. 5-yr +0.04%. Commodities: Crude +0.08% to $92.83. Gold -0.36% to $1589.9. Currencies: Euro -0.14% vs. dollar. Yen +0.13%. Pound -0.08%. [View news story]
Heresy!!! Gold is being manipulated!!!! Zerohedge says so!!!! Hahahahahaha
Stocks going down nothing wrong, stocks going up manipulation....
Bernanke Semiannual Monetary Policy Report: The benefits of easing continue to outweigh the costs and risks, says Bernanke in his prepared testimony. Maybe putting to rest the kerfuffle from last week's FOMC minutes, he says QE will continue until there are substantial labor market gains. Watch live here. [View news story]
The people that oppose Bernanke's actions don't have a education, their intellect is defunct.....
Keep buying firearms t bags, leave economic decisions to the intelligent people.
A politician in Cleveland wants to prohibit the sale of energy drinks to anyone under the age of 18 as he introduces a bill to make it a fourth-degree misdemeanor to serve a minor. The crux of his argument is that a caffeine level of 70-80 mg per 8 ounces is too high. In the sector, Monster Beverage (MNST -1.3%) is already ahead of the curve with a plan to change its labeling which will make it clearer that its drinks contain less caffeine than coffee and could back off regulatory probes. [View news story]
Thanks to the council member. It is time to put a stop to these energy drinks that are killing our children. Enough is enough!
How much debt can the U.S. handle? A new paper quantifies an 80% public debt to GDP ratio - where the U.S. is right now - as the point at which a nation reaches a potential tipping point; once a nation has debt above that level, it becomes vulnerable to the kind of self-reinforcing vicious cycles that have crippled others. Two responses from Fed officials see the analysis as simplistic and eurocentric. [View news story]
Yep, $500B. Keep in mind that the financial sector is still in a weak state, we need it robust.
Amid worries that rising gasoline prices are on the verge of pushing the U.S. into a recession, an MIT study makes the case for even higher taxes at the pump. If the goal is to get Americans to drive less and use more fuel-efficient vehicles, and to reduce air pollution and greenhouse gases, the study says higher gas taxes are at least six times as effective as stricter fuel-economy standards. [View news story]
A $1.50 surcharge on a gallon of gasoline should do the trick. It would push Americans into energy conservation.
How much debt can the U.S. handle? A new paper quantifies an 80% public debt to GDP ratio - where the U.S. is right now - as the point at which a nation reaches a potential tipping point; once a nation has debt above that level, it becomes vulnerable to the kind of self-reinforcing vicious cycles that have crippled others. Two responses from Fed officials see the analysis as simplistic and eurocentric. [View news story]
Deficits don't matter. What we need is growth not a obsession of self-flagellation...The Federal Reserve has to be more agressive and conduct asset purchases above the $500B amount per month.
"My view all along has been that if the US had done the difficult thing (let the banks fail, let equity and debt holders face whatever came and only protected depositors) we would have seen real and organic recovery by now. "
We did that in 1929.....Herbert and his cronies believed that if we let everything fall it would all come back.
There are costs that can't be calculated by fancy methods or calculators. A lot of children went hungry those days......
More on Housing Starts: Seasonally adjusted rate fell 8.5% sequentially, +23.6% Y/Y. Single-family starts of 613K +0.8% from December, meaning January's decline was due to a big drop in volatile multi-family starts. Building permits of 925K, up 1.8% sequentially, +35.2% Y/Y. (full report) [View news story]
Gold's now in a clear downtrend, taking out new technical lows, hit by (3-month old) news big names are selling, and now the chart's starting to form the dreaded "death cross." All the gold bugs need for a perfect bullish setup would be Paul Krugman taking to the air to declare victory for all he believes ... check. GLD -1.7%. [View news story]
Macro, what about some of those southern states? Let's see what happens when the federal government they despise cuts those billions in pork military subsidies.....
Fed Vice Chair Janet Yellen surprises no one, calling for the central bank to press on with its asset purchases. It's the usual story - the benefits are obvious, the costs negligible, if any. QE will continue, she says, until there is substantial improvement in the outlook for the labor market. [View news story]
Guess who said this...after that post Stocks are up more than 15%.
Fed Vice Chair Janet Yellen surprises no one, calling for the central bank to press on with its asset purchases. It's the usual story - the benefits are obvious, the costs negligible, if any. QE will continue, she says, until there is substantial improvement in the outlook for the labor market. [View news story]
Who do you wanted for Chairman? Tebow? LOL!!!!!!
We can't have mentally retarded people directing the Federal Reserve. Bernanke's actions are correct.
Fed Vice Chair Janet Yellen surprises no one, calling for the central bank to press on with its asset purchases. It's the usual story - the benefits are obvious, the costs negligible, if any. QE will continue, she says, until there is substantial improvement in the outlook for the labor market. [View news story]
What a pity life.....
Michigan Governor Rick Snyder declared Detroit to be in a state of emergency on Friday and said he would appoint an outside manager to help turn around its dire finances, which include $14B in long-term liabilities. City officials have ten days to persuade Snyder to change his mind. Should he uphold his decision, it would be the latest step in attempts to prevent Detroit filing what would be the biggest municipal bankruptcy in U.S. history. [View news story]
Electric Vehicle Roundup: 1) Chevrolet Volt (GM) sales continue to fluctuate wildly, up 59% Y/Y and 43% M/M in Feb. to easily beat sales on Toyota's (TM) Prius. 2) Look for Ford (F) to include sales numbers on the Fusion Energi as the model hits dealerships this month. 3) Nissan (NSANY.OB) sold 636 Leafs in the U.S., +36.6 Y/Y, flat M/M, just ahead of the unveiling of a new model. 4) In Scotland, politicians issue campaign promises to install an EV charging point every 50 miles. 5) Tesla Motors (TSLA) trades in the mid-$30s post-earnings. On tap: Will revenue cover payments on a DOE loan and production costs or will Elon Musk need to float more stock? [View news story]
At the open: Dow +0.04% to 14081. S&P +0.21% to 1519. Nasdaq +0.29% to 3172.
Treasurys: 30-year +0.07%. 10-yr +0.08%. 5-yr +0.04%.
Commodities: Crude +0.08% to $92.83. Gold -0.36% to $1589.9.
Currencies: Euro -0.14% vs. dollar. Yen +0.13%. Pound -0.08%. [View news story]
Stocks going down nothing wrong, stocks going up manipulation....
The mind of a gold bugger....
Bernanke Semiannual Monetary Policy Report: The benefits of easing continue to outweigh the costs and risks, says Bernanke in his prepared testimony. Maybe putting to rest the kerfuffle from last week's FOMC minutes, he says QE will continue until there are substantial labor market gains. Watch live here. [View news story]
Keep buying firearms t bags, leave economic decisions to the intelligent people.
A politician in Cleveland wants to prohibit the sale of energy drinks to anyone under the age of 18 as he introduces a bill to make it a fourth-degree misdemeanor to serve a minor. The crux of his argument is that a caffeine level of 70-80 mg per 8 ounces is too high. In the sector, Monster Beverage (MNST -1.3%) is already ahead of the curve with a plan to change its labeling which will make it clearer that its drinks contain less caffeine than coffee and could back off regulatory probes. [View news story]
How much debt can the U.S. handle? A new paper quantifies an 80% public debt to GDP ratio - where the U.S. is right now - as the point at which a nation reaches a potential tipping point; once a nation has debt above that level, it becomes vulnerable to the kind of self-reinforcing vicious cycles that have crippled others. Two responses from Fed officials see the analysis as simplistic and eurocentric. [View news story]
Amid worries that rising gasoline prices are on the verge of pushing the U.S. into a recession, an MIT study makes the case for even higher taxes at the pump. If the goal is to get Americans to drive less and use more fuel-efficient vehicles, and to reduce air pollution and greenhouse gases, the study says higher gas taxes are at least six times as effective as stricter fuel-economy standards. [View news story]
How much debt can the U.S. handle? A new paper quantifies an 80% public debt to GDP ratio - where the U.S. is right now - as the point at which a nation reaches a potential tipping point; once a nation has debt above that level, it becomes vulnerable to the kind of self-reinforcing vicious cycles that have crippled others. Two responses from Fed officials see the analysis as simplistic and eurocentric. [View news story]
Understanding The Bull Market [View article]
We did that in 1929.....Herbert and his cronies believed that if we let everything fall it would all come back.
There are costs that can't be calculated by fancy methods or calculators. A lot of children went hungry those days......
More on Housing Starts: Seasonally adjusted rate fell 8.5% sequentially, +23.6% Y/Y. Single-family starts of 613K +0.8% from December, meaning January's decline was due to a big drop in volatile multi-family starts. Building permits of 925K, up 1.8% sequentially, +35.2% Y/Y. (full report) [View news story]
Bernanke's Kryptonite [View article]
Gold's now in a clear downtrend, taking out new technical lows, hit by (3-month old) news big names are selling, and now the chart's starting to form the dreaded "death cross." All the gold bugs need for a perfect bullish setup would be Paul Krugman taking to the air to declare victory for all he believes ... check. GLD -1.7%. [View news story]