European shares are trying to put together a rally, perhaps comforted by Angela Merkel making a CNBC appearance talking about stimulus, not just austerity. Elsewhere, IIF chief Dallara dusts off 2011 rhetoric, saying the cost of a Greek exit would be immense and cause a collapse of the country's banking system. Stoxx 50 +0.7%. [View news story]
Funny yet sad.
Greece will exit the Euro, the politicians are simply talking to give their respective banks time to unwind positions (if they can).
Another $2-$3 Trillion of FED cotton candy can keep the markets up but the economy will stay in recession (depression) until employment improves in a generational way - and I'm not sure where that would come from in our post information society.
Retail Stock Ownership Rate At Its Lowest Level Since 1998 [View article]
Realize that there are fewer and fewer individual buyers acting independently and long term - and that your investment decisions should be balanced with the knowledge that HFT Robots are now controlling buy/sell; and they are rotating in and out of sectors and commodities in the blink of an eye (or less) - and everyone else is chasing their tail.
Wall Street Breakfast: Must-Know News [View article]
End of Glass-Steagal: Yes, of course malfeasance and rampant crime infused Wall Street after repealing the post-Depression legislation of previous generations designed to not let it happen again.
It should come as no surprise that our current crop of "leaders" are busy destroying property rights along with allowing corporations to fund campaigns and NDAA allowing arrest of anyone for any reason indefinitely.
State tax revenues? Yeah, because TPTB have forced people to cash out 20 years of savings and investments to survive; which States happily tax at 30%.
Retail Stock Ownership Rate At Its Lowest Level Since 1998 [View article]
After Corzine and J.P. Morgue stole $1.2 billion from farmers and little old ladies no one on Wall Street or in Washington should be surprised that real people are RUNNING away from the stock "markets".
Understanding The Risks Of Fed Policy [View article]
Nice to see you are waking up to the hegemony of the FED.
The capacity utilization is a factor of FED liquidity and debt fueled reflation versus a healthy recovery.
GM is channel stuffing, and what sales they do have along with other automakers is debt fueled (consumers who really can't afford it but got a loan anyway).
Yes, they are repeating mistakes of the past, and fueling another bubble economy; they have convinced everyone we aren't still in a recession and people going into hock again on refi's, student loans, car loans, credit card debt - then the FED will raise rates and it will be 2008 all over again.
Wall Street Breakfast: Must-Know News [View article]
Where is the customers $1.6 Billion? (hint: JPM has it).
Wall Street Breakfast: Must-Know News [View article]
The banks are our government.
Those politicians are just figureheads.
Farcebook - I suppose you can make money on juvenile narcissism but at some point you don't.
European shares are trying to put together a rally, perhaps comforted by Angela Merkel making a CNBC appearance talking about stimulus, not just austerity. Elsewhere, IIF chief Dallara dusts off 2011 rhetoric, saying the cost of a Greek exit would be immense and cause a collapse of the country's banking system. Stoxx 50 +0.7%. [View news story]
Greece will exit the Euro, the politicians are simply talking to give their respective banks time to unwind positions (if they can).
J.C. Penney (JCP): Q1 EPS of -$0.25 misses by $-0.15. Revenue of $3.15B misses by $0.3B. Discontinues $0.20 quarterly dividend. Shares -14.5% AH. (PR) [View news story]
It didn't work - go figure.
Market Pessimism Is Overdone [View article]
Greece And The Euro Will Live On [View article]
Between now and then they will get as much $$$ as possible.
This scenario to play out gradually with Portugal and Italy, etc.
The forces of nationalism and rejection of austerity will catch up to the fantasy of the Euro.
Wall Street Breakfast: Must-Know News [View article]
Jamie and Co. priming Ben's QE3 pump.
Any losses already covered by bailouts and FED backdoor lending.
What did they think was going to happen when they repealed Glass-Steagall; free markets and fudiciary responsibility?
Wall Street is still drunk. END THE FED.
p.s. - Where is Jon Corzine and why isn't he in jail?
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
Imagine that.
Retail Stock Ownership Rate At Its Lowest Level Since 1998 [View article]
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
It should come as no surprise that our current crop of "leaders" are busy destroying property rights along with allowing corporations to fund campaigns and NDAA allowing arrest of anyone for any reason indefinitely.
State tax revenues? Yeah, because TPTB have forced people to cash out 20 years of savings and investments to survive; which States happily tax at 30%.
SSDD in U.S.S.A.
Retail Stock Ownership Rate At Its Lowest Level Since 1998 [View article]
Understanding The Risks Of Fed Policy [View article]
End the FED.
Otherwise, set rates at 4%, and charge banks what they charge customers; no freebies at 0.01% at the back door.
Let banks fail.
Allow markets to function.
It's simple really, but for some reason dogs chase their tails and feel it is a productive activity.
The FED chases it's tail and gets nowhere while feeling as though they are hunting a rabbit or squirrel.
I promise I will be austere with my $10 million interest free loan from the FED.
Understanding The Risks Of Fed Policy [View article]
The capacity utilization is a factor of FED liquidity and debt fueled reflation versus a healthy recovery.
GM is channel stuffing, and what sales they do have along with other automakers is debt fueled (consumers who really can't afford it but got a loan anyway).
Yes, they are repeating mistakes of the past, and fueling another bubble economy; they have convinced everyone we aren't still in a recession and people going into hock again on refi's, student loans, car loans, credit card debt - then the FED will raise rates and it will be 2008 all over again.
Banks win, everyone else loses.