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youngman442002

youngman442002
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  • Expectations are high for tomorrow's jobs report - maybe too high. The consensus is looking for a gain of 508K jobs, by far the largest estimate ever. But the range of estimates is wide, and there's a history of big misses when census workers are involved. So if payrolls do add 500K jobs, is it a non-event? If estimates are off, even if the number is still large, does it rock the markets?  [View news story]
    Its all over the news and in print...its like its the end all statistic...the politicians are lining up to the mike to spew the great number..Propaganda moves forward...Ed Rendell just said he sold 900 million of the build America bonds .....and he thinks that was great for his 2 billion dollar deficit....boy are we in the weeds...
    Jun 3, 2010. 06:43 PM | 8 Likes Like |Link to Comment
  • In a hard-hitting interview with Le Monde today, ECB president Jean-Claude Trichet was asked about Plan B - if, for some reason, Greece does not honour its commitments? "That is not part of our working assumption. Greece must and will honour its commitments." Trichet also denied that an Anglo-Saxon conspiracy was to blame for the rapidly falling euro.  [View news story]
    Here's the facts Jean........the Greeks will take all the money you will give them...then default....
    May 31, 2010. 08:17 AM | 8 Likes Like |Link to Comment
  • When talking about a recovery, don't underestimate America's work ethos, Daniel Gross says. "This sense that people are going to sit on their rear ends for a decade and not do anything is not only unhistorical, it's un-American," he says. "We don't have the safety net that lets people not work for three, four, five years."  [View news story]
    This guy has never been to Detroit, New Orleans, Denver, Watts, whatever....there afamiles with several generations that have never worked in their lives.
    Apr 14, 2010. 02:20 PM | 8 Likes Like |Link to Comment
  • Is It Possible the NY Fed Lied? [View article]
    Yes Volcker is a Statesman...not a Politician....nothing to gain at his age other than admiration and a place in History
    Jan 28, 2010. 08:34 AM | 8 Likes Like |Link to Comment
  • I'm Skeptical About This Rally [View article]
    I too am not buying into to it long term...its strictly a day trade.....so the Banks are AOK now..except Sheila Blair said some are not...BUT of course she would not say which ones..so much for the new transparency...its the bankers(GS) making the American public feel like all is good....so they can get onto baseball or something while they fleece the rest of the TARP monies away....GS will be a big buy of these so called "Bad Assets"..and yes the government will cover 95% of them...so GS will squeeze out a 40% profit them dump them back to the US to cover....and down we go again....but hey its only Monday and only another trillion...probably 3 more by Friday....
    Mar 23, 2009. 06:54 PM | 8 Likes Like |Link to Comment
  • Judge orders companies to pay $1.1B in lead paint ruling [View news story]
    I am sorry but this was legal when they were selling it....and if your kid eats paint...then whatever
    Dec 17, 2013. 08:19 AM | 7 Likes Like |Link to Comment
  • U.K. backs BP in dispute with U.S. government [View news story]
    a lawyers dream...there are people in Iowa suing BP for damages the spill caused.....only because they think its easy money...
    Dec 3, 2013. 11:39 AM | 7 Likes Like |Link to Comment
  • August Nonfarm Payrolls misses estimates [View news story]
    over 500,000 left the workforce.....wow...just left...that is how they drop the headline number....wonder what those 500,000 are doing...watch food stamps and disability....that is where they go..to the freebies....great economy huh BBRO....????
    Sep 6, 2013. 09:08 AM | 7 Likes Like |Link to Comment
  • Dealing a blow to precious metals, the Chicago Fed's Charles Evans - as dovish as they come - tells CNBC QE could end before unemployment sinks to 7%. As for the 6.5% unemployment rate that might trigger rate hikes, Evans doesn't see that happening until mid-2015. GLD -0.7%, SLV -1.5% premarket. The dollar gets a bid as well, UUP +0.4% premarket. [View news story]
    by 2015 we will be at 20 trillion...and at 1.7 trillion a year in deficit spending...yeah sure they can stop....but they better run...cause it will get real interesting very fast...this is another phsycial raid....
    Feb 7, 2013. 09:42 AM | 7 Likes Like |Link to Comment
  • Gold gets a downgrade at Goldman Sachs, the firm lowering its 2013 end-of-year price forecast to $1,800/oz., and 2014 to $1,750. "We see growing downside risks ... the gold outlook is caught between the opposing forces of more Fed easing and a gradual increase in U.S. real rates on better U.S. economic growth." [View news story]
    That means they are buying.....
    Dec 5, 2012. 09:19 AM | 7 Likes Like |Link to Comment
  • After a valiant effort, Mayor Bloomberg has thrown in the towel and cancelled the New York City marathon this weekend because of disruptions caused by superstorm Sandy. City officials had held out hope that the event could still be pulled off, in a demonstration that the city was on the road to recovery. Unfortunately, the logistical nightmare proved to be more than even New Yorkers were equipped to handle on such a short timeline. [View news story]
    I think it was a security issue..those runners would have been pelted with all kinds of things as they ran through the hardest hit neighborhoods...
    Nov 3, 2012. 07:51 AM | 7 Likes Like |Link to Comment
  • Dennis Gartman says tapping the strategic reserves could have an unexpected result: higher prices. Sure, oil prices would fall at first, but without a distressed market as would be the case after an attack or natural disaster, the market would quickly expect the oil to be repurchased and replaced. And if a big buyer steps into the market, "speculators could drive oil to new highs." (also[View news story]
    Obama would never repurchase the oil he used....never...he sees it as a political tool...not as a security measure
    Aug 17, 2012. 02:45 PM | 7 Likes Like |Link to Comment
  • The FDIC filed suit on Friday against 11 major banks for allegedly mispresenting the quality of the loans that were packaged together in over $388M of mortgage bonds sold to Alabama-based Colonial Bank, which failed three years ago after being defrauded by Taylor, Bean & Whitaker Mortgage. The banks sued include the usual suspects of JPMorgan (JPM), Citigroup (C), BofA (BAC) and Wells Fargo (WFC). [View news story]
    Goldman Sachs will never get charged.....they donate to much to the politicians..
    Aug 12, 2012. 09:10 AM | 7 Likes Like |Link to Comment
  • In the battle over ObamaCare, attention has focused primarily on insurance carriers and individuals. Unfortunately, one key element has been glaringly ignored: How are doctors impacted by the decision? No one has considered whether doctors will be willing to take on new patients in the current environment, much less even practice medicine anymore. Serious doubts, even among ObamaCare believers, have begun to emerge about what the changes could do to the overall practice of medicine.  [View news story]
    It will destroy it...that is a fact...but that is what Obamacare is for...there will be two tiers of care...those for the elite...and one for the rest of us....soon we will be importing "doctors" from Cuba or the Philippines....the quick 6 months of school doctor..
    Jul 5, 2012. 02:02 PM | 7 Likes Like |Link to Comment
  • If you're not bribing, you're not trying. A misquote of retired baseball player Mark Grace suddenly seems appropriate with a bevy of U.S. companies now under suspicion of engaging in systemic bribing in order to land new business. A whopping 81 public companies are reportedly under investigation for violating the Foreign Corrupt Practices Act. Headliners: WMT, AVP, QCOM, DE, LVS.  [View news story]
    If the USA enforces this stupid law.....then you can kiss a whole bunch of business goodbye...and given to other countries that have no problem with it...think China..Brazil..Russia.... on and on....
    Apr 26, 2012. 02:31 PM | 7 Likes Like |Link to Comment
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