lucky lenny

Is the Local Top in Precious Metals Stocks Already Behind Us?

Got it. Maybe sell. Maybe hold.

Are Deficits Irrelevant if We're Unaware?

All this deficit spending may be risky for the U.S. economy, however, the trillions of debt the Democrats are racking up will make Barack Hussein Obama tremendously popular at re-election time. The Democrats are buying people cars, health care, buying car companies and winning lots of friedns with the unions and company mgnt, handing out trllions of dollars in deficit spending, nice raises in pay for the soldiers in the military, tons of money for local school boards to win over the teachers, etc.. etc... Now think about someone such as Gov. Palin. Gov Palin wants to balance the federal budget. In the process, it will be like taking away a child’s allowance. Hence, I predict Barack Hussein Obama will easily win re-election before allowing the US$ to go the way of the Aregentinian Peso.

Are Deficits Irrelevant if We're Unaware?

Denis,

• Under Clinton, national debt went up big time. As proof, go to treasurydirect.gov - you’ll see that on 9/30/92, before Slick Willie took office, the national debt stood at $4.1 trillion. When Slick Willie left office in 2000, the national debt stood at $5.7 trillion. Every year Slick Willie was in office, the national debt went higher. When the Republicans wanted to cut spending, Clinton caused a gov’t shutdown. Now his left leaning supporters in the media are repeating the lie that Clinton reduced the national debt. As you can see from the web site, its just not true. Here’s all the years of the national debt: www.treasurydirect.gov... - this is from the treasury itself.


On Nov 01 09:03 PM Denis Gould wrote:

> Is anybody really trying to promote the argument that running a huge
> budget deficit doesn't matter because people didn't realise the fiscal
> improvements made under Clinton?

Is This Rally Toast?

Dow under 10k & has no where to go but up. Investors don’t really want low-yielding T-bills. They would rather have companies, such as Verzon, which pay reliable 6% dividend. On a macro level, both the Democrat Congress & Bernanke are flooding the market with currency; some of which logically will flow to stocks. The Fed Reserve is buying upT-bills as fast as Barack Hussein Obama can run up $1.5 trillion annual deficits; on top of our $11 trillion debt load. Now, Obama is helping people buy cars, health care, using the gov’t to buy car companies and winning lots of friedns with the unions and company mgnt, handing out trllions of dollars in deficit spending, nice raises in pay for the soldiers in the military, tons of money for local school boards to win over the teachers, etc.. etc... In summary, as long as foreigners continue to honor the US$; and the Fed’l Reserve keeps buying up the T-bills, i can see interest rates staying low, employment going up, & yes - the stock market going to much higher levels.

Market Outlook: Expect a Major Shift in Bond and Equity Correlations

Dian, u never explain why we can’t be in the midst of a bull market. Dow now at 9,707; vs. over 14,000 in ’07. The feds are flooding the market with currency; some of which logically will flow to stocks. The Fed Reserve is buying upT-bills as fast as Barack Hussein Obama can run up $2 trillion annual deficits; on top of our $11 trillion debt load. Now, Obama is helping people buy cars, health care, using the gov’t to buy car companies and winning lots of friedns with the unions and company mgnt, handing out trllions of dollars in deficit spending, nice raises in pay for the soldiers in the military, tons of money for local school boards to win over the teachers, etc.. etc... In summary, as long as foreigners continue to honor the US$; and the Fed’l Reserve keeps buying up the T-bills, i can see interest rates staying low, employment going up, & yes, the stock market going to much higher levels.

Krugman's Deficit Madness

All this deficit spending may be risky for the U.S. economy, however, the trillions of debt the Democrats are racking up will make Barack Hussein Obama tremendously popular at re-election time. The Democrats are buying people cars, health care, buying car companies and winning lots of friedns with the unions and company mgnt, handing out trllions of dollars in deficit spending, nice raises in pay for the soldiers in the military, tons of money for local school boards to win over the teachers, etc.. etc... Now think about someone such as Gov. Palin. Gov Palin wants to balance the federal budget. In the process, it will be like taking away a child’s allowance. Hence, I predict Barack Hussein Obama will easily win re-election.

State Unemployment Data Highlights Macro Inaccuracies

Tom,

- excellent analysis - looking @ the employmenet numbers; looks a lot more meaningful. Thanks.

Abby Joseph Cohen's Bullish Calls

Enig, Barack Hussein Obama’s plan is to run trillion $$ annual deficits. If Barack Hussein Obama & the Democrats decided to raise taxes on business to balance the deficit, then i might be singing a different tune. Also, please note that this thread is talking about Ms. Cohen’s views & whether stocks can head higher. By all indications, including today’s 129 point run up, it looks like we’re headed to 10k category. Dow currently at 9,385.

Abby Joseph Cohen's Bullish Calls

Enig, why does an 18% drop in fed’l tax revenues matter? Please note that i’m a CPA & former economics adjunct professor. It just means home builders & others who used to send tons of $$’s to Washington are sending 18% less. I don’t see the big deal. Does it really impact IBM’s profits? Or the amount of Pepsi sold?

As unbelievable as this sounds, the federal gov’t may be able to rack up $100 trillion in debt; and it still wouldn’t tank the US$ or the US economy. Why? Because our Federal Reserve Bank can just increase their purchase of US T-bills. Like they’re doing now. In this manner, interest rates stay very low. And paying interest to the Federal Reserve Bank is like paying ourselves the money. Seriously, as long as the Federal Reserve Bank can own trillions of $$’s of debt, which they can do; then I don’t necessarily see high inflation or massive unemployment. If I’m wrong about this, then I’d like to know how. Specifically, we’re at $11 trill of debt; with Obama tacking another $1 or $2 trillion annually. Why can’t Obama tack on $3 or $4 trillion annually? As long as the Fed’l Resv Bank is soaking up slack demand for the T-bills, I just see this game going on for a very long time. Actually, there is one thing that could derail this ponzi-like scheme. That would be if foreign countries stopped accepting & worshipping the US dollar. Given that’s probably not going to happen, I can see the US debt going to $100 trillion and then some without any major repurcussions whatsoever. And then when the Ponzi scheme ends; which they always do, we’ll work on Plan B; which hopefully won’t be needed for several hundred years.

Abby Joseph Cohen's Bullish Calls

Enig - Please don’t shoot the messenger. I’m merely stating the facts that American companies moved in droves to set up shop in Mexico during the 70’s & 80’s; when Mexico’s deficits were super-high and Peso depreciating to the point they had to replace the Peso. Why? Because Mexico offered relatively cheap labor; people like Carlos Slim became one of hte world’s richest people. Whether u like it or not, Barack Hussein Obama is running up $2 trillion annual deficits. The US$ will depreciate. And yes, stocks will most likely go up; at least that’s what i’m predicting.

Abby Joseph Cohen's Bullish Calls

Ray, u never explain why we can’t be in the midst of a bull market. The feds are flooding the market with currency; some of which logically will flow to stocks. The Fed Reserve is buying upT-bills as fast as Barack Hussein Obama can run up $2 trillion annual deficitys; on top of our $11 trillion debt load. Now, Obama is helping people buy cars, health care, using the gov’t to buy car companies and winning lots of friedns with the unions and company mgnt, handing out trllions of dollars in deficit spending, nice raises in pay for the soldiers in the military, tons of money for local school boards to win over the teachers, etc.. etc... In summary, as long as foreigners continue to honor the US$; and the Fed’l Reserve keeps buying up the T-bills, i can see interest rates staying low, employment going up, & yes - the stock market going to much higher levels.

Will the S&P Hold 879?

To sum up the article, the markets may go higher; or they may go lower. It depends.

Why We'll Probably See Another Serious Equities Sell-Off

Value,

- the market may tank. However, w/ all the massive gov't deficit spending going on, it seems more likely share prices go higher. The US$ may go the way of the Mexican Peso @ some point; that much is true. In absolute terms though, the stock indexes s/go higher.

The Vicious Circle of a Falling Dollar

Dr. Leeb,

- Why do u predict higher interest rates? Why can't the Fed Resv Bank keep buying billion of $$'s of bonds & Treasuries? In this manner, the dollar may drop in value & interest rates w/ stay very low.

Stimulus Plan Fails: Larry Summers, Listen Up

Mr. Wood, your article is excellent. Thanks for a breadth of common sense.