Flows into equity funds hit $22.2B in the year's first week, according to EPFR, the strongest numbers since September 2007 (not the best time to buy), and the 2nd highest since the data began being compiled in 1996. Some are skeptical it marks the beginning of a "great rotation," instead seeing start-of-the-year factors at work. [View news story]
The ECRI Weekly Leading Index rises to 128.3 in the week ended Jan. 4 from 126.6 previously. The annualized growth rate rises to 5.1% from 5%, a nice bounce from a month ago when the rate had slipped to near 3%. [View news story]
I wonder if they will go to Oprah's show to ask for forgiveness :)
General Motors (GM) passed Ford to become the leading seller of vehicles to the U.S. government as it now claims a market share of 38.7% compared to 21.4% for its rival. The trend will be closely watched with the Treasury Department set to sell off its stake in GM, although the automaker steadily maintains it won its contracts through aggressive bidding. [View news story]
tcbracing,
You are not interested in the truth. You are finding what confirms your viewpoint.
There are literally centuries of law dealing with bankruptcy, bondholders, and non-secured creditors. This deal violated all of those preexisting laws beyond all the other stuff mentioned.
If you it makes you feel good to believe what you do, I don't have a problem with that. I do have a problem with lies and corruption which is what this bailout is a poster child for and why I am disgusted with the government and Government Motors.
FYI GM actually did go into bankruptcy it was just fixed to reward a certain group and punish the rest.
General Motors (GM) passed Ford to become the leading seller of vehicles to the U.S. government as it now claims a market share of 38.7% compared to 21.4% for its rival. The trend will be closely watched with the Treasury Department set to sell off its stake in GM, although the automaker steadily maintains it won its contracts through aggressive bidding. [View news story]
tcbracing,
" I am a GM employee"
Well that explains your obstinance then. It's cut and dry as far as the facts. Google the phrase I gave you: "how GM screwed bondholders and taxpayers"
The various articles on the subject are so clear as to how we the taxpayer and we the bondholders (grandmas', grandpa's, pension funds, insurance companies, etc) got screwed in order to redistribute wealth to a select few that you have to be willingly blind to not see it.
I am not blaming you specifically as you had nothing to do with it.
U.S. oil imports, once thought to be on an irreversible upward trajectory, are projected to reach their lowest in 25 years by 2014 and about half their 2004-07 peak levels, falling to 6M bbl/day. But falling imports won’t necessarily protect the U.S. from high gasoline prices or from oil shocks, and the U.S. will still be importing a greater share of its oil than during the 1973-74 OPEC oil shock. [View news story]
Watching Bloomberg a moment ago and they covered this story in depth. It was quite the interesting discussion.
The conclusion was that WTI which trades to a significant discount to Brent would rise rather than fall as a result of increased production which seems to be quite the paradoxical result.
Regardless of prices, more domestic oil will help our balance of payments which would be bullish for the USD.
General Motors (GM) passed Ford to become the leading seller of vehicles to the U.S. government as it now claims a market share of 38.7% compared to 21.4% for its rival. The trend will be closely watched with the Treasury Department set to sell off its stake in GM, although the automaker steadily maintains it won its contracts through aggressive bidding. [View news story]
Google "how gm screwed bondholders and taxpayers".
That was easy enough.
Rewriting laws and creating exemptions for a single company is the classic definition of corruption and cronyism:
http://cnnmon.ie/11fWfsr "NEW YORK (CNNMoney) -- The U.S. Treasury is giving up $14 billion in tax revenue because of a sweetheart deal it's giving General Motors. The automaker is expected to post its first profitable year since 2004 when it reports fourth-quarter results on Thursday. But GM (GM) won't have to worry about being hit with a big tax bill because billions in previous losses will provide shelter for years to come. That break will reduce GM's U.S. tax bill by an estimated $14 billion in the coming years, and its global taxes by close to $19 billion, according to a company filing. Companies typically get a break on future taxes because of past losses. But in most cases they lose that tax break during bankruptcy, because the losses are offset by the "income" the company receives from shedding its debt."
Ford is unionized. I like Ford. I own their products. I will buy their products.
General Motors (GM) passed Ford to become the leading seller of vehicles to the U.S. government as it now claims a market share of 38.7% compared to 21.4% for its rival. The trend will be closely watched with the Treasury Department set to sell off its stake in GM, although the automaker steadily maintains it won its contracts through aggressive bidding. [View news story]
Jack & tcbracing
"The bailout gave nothing new to the union"
Clearly you have no interest whatsoever in the truth or in facts that run counter to your opinion.
General Motors (GM) passed Ford to become the leading seller of vehicles to the U.S. government as it now claims a market share of 38.7% compared to 21.4% for its rival. The trend will be closely watched with the Treasury Department set to sell off its stake in GM, although the automaker steadily maintains it won its contracts through aggressive bidding. [View news story]
Jack,
If you don't know the difference between a loan and bailout then I question your financial acumen.
If the government forgave these loans to Ford then you would have made your point.
GM is the worst example of corporate cronyism in this country's history. Bailed out the unions and screwed the taxpayers and everyone else.
Go Ford! I will never buy a Government Motors product again.
November Consumer Credit rises $16.04B vs. an expected $12.75B and $14.08B previously. The strong gain came all from nonrevolving debt, i.e., student loans, auto loans. Revolving debt was about flat for the month. [View news story]
Has anyone looked at the inflation rate for college tuition costs?
Makes medical inflation look like manageable by comparison. Big Education is sucking the country dry. When there is no price competition and free money to subsidize the purchase this is the result you can expect.
Remember the EU? Its permanent rescue fund - the ESM - completes its first debt offering, raising €1.93B through the sale of short-term bills. Investors - with Japan being a major one - paid the ESM for the privilege of lending to it, as the paper is priced to yield -0.0324%. [View news story]
I am guessing they are betting against their own currency. Increase demand for Euro and lower demand for Yen - currency wars.
General Motors (GM) passed Ford to become the leading seller of vehicles to the U.S. government as it now claims a market share of 38.7% compared to 21.4% for its rival. The trend will be closely watched with the Treasury Department set to sell off its stake in GM, although the automaker steadily maintains it won its contracts through aggressive bidding. [View news story]
At the open: Dow +0.33% to 13435. S&P +0.49% to 1466. Nasdaq 0% to 3102. Treasurys: 30-year -0.08%. 10-yr -0.02%. 5-yr 0%. Commodities: Crude -0.4% to $92.72. Gold -0.18% to $1645.85. Currencies: Euro -0.05% vs. dollar. Yen -0.3%. Pound +0.02%. [View news story]
FYI, SA the open is negative not positive. Not sure if anybody cares.
Monday, January 7, 9:31 AM At the open: Dow +0.33% to 13435. S&P +0.49% to 1466. Nasdaq 0% to 3102.
Flows into equity funds hit $22.2B in the year's first week, according to EPFR, the strongest numbers since September 2007 (not the best time to buy), and the 2nd highest since the data began being compiled in 1996. Some are skeptical it marks the beginning of a "great rotation," instead seeing start-of-the-year factors at work. [View news story]
The ECRI Weekly Leading Index rises to 128.3 in the week ended Jan. 4 from 126.6 previously. The annualized growth rate rises to 5.1% from 5%, a nice bounce from a month ago when the rate had slipped to near 3%. [View news story]
General Motors (GM) passed Ford to become the leading seller of vehicles to the U.S. government as it now claims a market share of 38.7% compared to 21.4% for its rival. The trend will be closely watched with the Treasury Department set to sell off its stake in GM, although the automaker steadily maintains it won its contracts through aggressive bidding. [View news story]
You are not interested in the truth. You are finding what confirms your viewpoint.
There are literally centuries of law dealing with bankruptcy, bondholders, and non-secured creditors. This deal violated all of those preexisting laws beyond all the other stuff mentioned.
If you it makes you feel good to believe what you do, I don't have a problem with that. I do have a problem with lies and corruption which is what this bailout is a poster child for and why I am disgusted with the government and Government Motors.
FYI GM actually did go into bankruptcy it was just fixed to reward a certain group and punish the rest.
General Motors (GM) passed Ford to become the leading seller of vehicles to the U.S. government as it now claims a market share of 38.7% compared to 21.4% for its rival. The trend will be closely watched with the Treasury Department set to sell off its stake in GM, although the automaker steadily maintains it won its contracts through aggressive bidding. [View news story]
" I am a GM employee"
Well that explains your obstinance then. It's cut and dry as far as the facts. Google the phrase I gave you: "how GM screwed bondholders and taxpayers"
The various articles on the subject are so clear as to how we the taxpayer and we the bondholders (grandmas', grandpa's, pension funds, insurance companies, etc) got screwed in order to redistribute wealth to a select few that you have to be willingly blind to not see it.
I am not blaming you specifically as you had nothing to do with it.
Good luck.
Initial Jobless Claims: +4K to 371K vs. 362K consensus, 367K prior (revised). Continuing claims -127K to 3.10M. [View news story]
"Weekly applications for U.S. unemployment benefits ticked up slightly last week, the latest sign of stability in the job market."
That seems so Orwellian to me - an increase in the unemployed is a sign of strength!
Anyway as they say it could have been a lot worse.
U.S. oil imports, once thought to be on an irreversible upward trajectory, are projected to reach their lowest in 25 years by 2014 and about half their 2004-07 peak levels, falling to 6M bbl/day. But falling imports won’t necessarily protect the U.S. from high gasoline prices or from oil shocks, and the U.S. will still be importing a greater share of its oil than during the 1973-74 OPEC oil shock. [View news story]
The conclusion was that WTI which trades to a significant discount to Brent would rise rather than fall as a result of increased production which seems to be quite the paradoxical result.
Regardless of prices, more domestic oil will help our balance of payments which would be bullish for the USD.
A Cheaper iPhone Would Confirm A Lack Of Innovation And Declining Margins At Apple [View article]
General Motors (GM) passed Ford to become the leading seller of vehicles to the U.S. government as it now claims a market share of 38.7% compared to 21.4% for its rival. The trend will be closely watched with the Treasury Department set to sell off its stake in GM, although the automaker steadily maintains it won its contracts through aggressive bidding. [View news story]
That was easy enough.
Rewriting laws and creating exemptions for a single company is the classic definition of corruption and cronyism:
http://cnnmon.ie/11fWfsr
"NEW YORK (CNNMoney) -- The U.S. Treasury is giving up $14 billion in tax revenue because of a sweetheart deal it's giving General Motors.
The automaker is expected to post its first profitable year since 2004 when it reports fourth-quarter results on Thursday. But GM (GM) won't have to worry about being hit with a big tax bill because billions in previous losses will provide shelter for years to come.
That break will reduce GM's U.S. tax bill by an estimated $14 billion in the coming years, and its global taxes by close to $19 billion, according to a company filing.
Companies typically get a break on future taxes because of past losses. But in most cases they lose that tax break during bankruptcy, because the losses are offset by the "income" the company receives from shedding its debt."
Ford is unionized. I like Ford. I own their products. I will buy their products.
General Motors (GM) passed Ford to become the leading seller of vehicles to the U.S. government as it now claims a market share of 38.7% compared to 21.4% for its rival. The trend will be closely watched with the Treasury Department set to sell off its stake in GM, although the automaker steadily maintains it won its contracts through aggressive bidding. [View news story]
"The bailout gave nothing new to the union"
Clearly you have no interest whatsoever in the truth or in facts that run counter to your opinion.
Good luck.
General Motors (GM) passed Ford to become the leading seller of vehicles to the U.S. government as it now claims a market share of 38.7% compared to 21.4% for its rival. The trend will be closely watched with the Treasury Department set to sell off its stake in GM, although the automaker steadily maintains it won its contracts through aggressive bidding. [View news story]
If you don't know the difference between a loan and bailout then I question your financial acumen.
If the government forgave these loans to Ford then you would have made your point.
GM is the worst example of corporate cronyism in this country's history. Bailed out the unions and screwed the taxpayers and everyone else.
Go Ford! I will never buy a Government Motors product again.
November Consumer Credit rises $16.04B vs. an expected $12.75B and $14.08B previously. The strong gain came all from nonrevolving debt, i.e., student loans, auto loans. Revolving debt was about flat for the month. [View news story]
http://bit.ly/13gETu6
http://bit.ly/Xi6mrS
Makes medical inflation look like manageable by comparison. Big Education is sucking the country dry. When there is no price competition and free money to subsidize the purchase this is the result you can expect.
Remember the EU? Its permanent rescue fund - the ESM - completes its first debt offering, raising €1.93B through the sale of short-term bills. Investors - with Japan being a major one - paid the ESM for the privilege of lending to it, as the paper is priced to yield -0.0324%. [View news story]
Does seem insane.
General Motors (GM) passed Ford to become the leading seller of vehicles to the U.S. government as it now claims a market share of 38.7% compared to 21.4% for its rival. The trend will be closely watched with the Treasury Department set to sell off its stake in GM, although the automaker steadily maintains it won its contracts through aggressive bidding. [View news story]
At the open: Dow +0.33% to 13435. S&P +0.49% to 1466. Nasdaq 0% to 3102.
Treasurys: 30-year -0.08%. 10-yr -0.02%. 5-yr 0%.
Commodities: Crude -0.4% to $92.72. Gold -0.18% to $1645.85.
Currencies: Euro -0.05% vs. dollar. Yen -0.3%. Pound +0.02%. [View news story]
Monday, January 7, 9:31 AM At the open: Dow +0.33% to 13435. S&P +0.49% to 1466. Nasdaq 0% to 3102.
The Curious Predictability Of The Payrolls Report [View article]
The average person knows more about that fount of wisdom's pregnancy, Kim Kardashian, than they did about the meaning of the fiscal cliff.