Coming from such horrible numbers of the previous quarters it is not surprising to see a raising in guidance, especially as most of the stimulus money is yet to hit the street in 2010. On the other hand as long as one does not know how they got their numbers they are up for questioning. It's a fact that once stimulus runs out (will it ever ?) and cheap money has to end because it has caused a period of high inflation coupled with high unemployment (those two can very well happen together) there will be a big problem because growth will cool off but debt has the nasty habit of staying.
Global Growth Trends: The Shape of the Recovery [View article]
I think America is heading for a similar problem Europe already has, maybe in less size because the lack of social support makes it a screaming necessitiy to work in the US: Structural unemployment meaning high overall unemployment while high skilled specialized labour in emerging "green" industries is in short supply, but one can't make a former constrution worker a biotech engineer. Politicians will be pressured to force down immigration of highly skilled labour, which was a main driving factor in the emerging of new productive companies such as Google, to these new growth industries because unemployment is still high, not realizing they kill emerging industries that way and making it even harder to for everybody to find employment.
When exactly will flash trading be banned ? The day Goldman will have to turn off it's volume pump bots we will have a problem, just as on the opposite the change in accounting rules made profits out of losses for banks.
Stimuluszilla Killed Japan and Is Heading Our Way [View article]
I don't know what it will be, but this guy puts up a few good points. One has to mention that Japan's lost decade fell into a time period when it's biggest trading partner, the US, was in an economic rally mode. No economy is in that state or will be today. Particulary I like his argument of structural aspects to the equation because there have not been any changes on that all all currently.
Options Trader Monday Outlook: Mr. Obama Goes to Wall Street [View article]
It's funny, the last time I heard Mark to Market accounting was in the connection with Enron, but now it's the standart for american financial institutions saying they have no losses because the real estate values on their books still hold the same values as they are not being sold but moved into shadow inventory, probably until they are rotting ruins. The value of everything is defined by the market and though it is nearly all of the times either too high or too low, market price is the only thing you get.
Wall Street Breakfast: Must-Know News [View article]
And again the bears are getting smoked today. This is so easy to predict with stick saves and rallying on fake good news, first get people to go short and then rally and force them to cover.
Sort by:
Latest | Highest ratedCan China Sustain 8% Growth? [View article]
Is India's Stock Market Building Another Bubble? [View article]
China Gaming: Right Now, Only China Is Holding It Back [View article]
Guidance - Wow [View article]
When Will the Dollar Snap-Back? [View article]
When Will Fundamentals Trump Trading? [View article]
On Oct 11 07:54 AM Dave Wrixon wrote:
> Good article. Wall Street has become a Casino. But beware the tables
> are rigged.
Market Outlook: Why I Am Scared [View article]
Global Growth Trends: The Shape of the Recovery [View article]
How Are You Liking October So Far? [View article]
Fourth Worst Start to October Ever [View article]
Prepaying Mortgages [View article]
I think that tells the story
Options Trader: Which-Way Wednesday, Fed Edition [View article]
Stimuluszilla Killed Japan and Is Heading Our Way [View article]
Options Trader Monday Outlook: Mr. Obama Goes to Wall Street [View article]
Wall Street Breakfast: Must-Know News [View article]