Does anyone track demolitions? I would be interested in comparing the net addition or reduction to the housing stock compared to population variance. Detroit is often used as an example of a shrinking housing market (demolitions exceed new construction). Multigenerational households could have the same effect on the overall housing stock.
Wall Street Breakfast: Must-Know News [View article]
"When will it come down to the people that use have to make responsible decisions for themselves?"
We just had an election where the people said they want the government to do everything and be responsible for everything in their lives. New model for American women: Sandra Fluke.
Market recap: Nervousness over the fiscal cliff leaves the market subject to headline risk until a deal is done, and stocks stumbled down the stretch today after Harry Reid spoke of "little progress" in the pace of cliff negotiations. But with the S&P 500 near its 100-day MA, today's move could have just as much to do with technicals. NYSE decliners topped advancers 13 to 11. [View news story]
oeverts And for those in the lower economic echelons, if, after taxes, the amount that can be earned is less than the amounts available in the safety net, why bother to try to improve oneself? Pick up a little extra change working off the clock (maybe cutting lawns or selling dope) and just ignore anything that isn't entertaining. And Sandra Fluke becomes the model for the American woman. After all the constitution guarantees happiness, right?
"It's my worst nightmare," says a long-only bond fund manager. "There's nothing I can do - the checks come in every day, and I have to invest (the money)." Aging baby boomers following conventional wisdom by steering their accounts away from stocks and to fixed income at these low rates could get a very expensive lesson, writes Jonathan Trugman. (see also) [View news story]
Sounds silly. Still need someone bringing in (or adjusting the programming) the raw materials, moving the finished goods to their destination. Changing the patterns to update the products. Fewer and higher skilled jobs but plenty of people still necessary.
I baked a pumpkin pie today. Followed the instructions on the can. Came out fine. Being a good baker requires more skill than that , especially if you are charged with finding novel products to increase sales. But automation does reduce the total time necessary for education.
Petrobras' (PBR) refining unit has lost a record $8B this year, as the Brazilian government, which is trying to limit inflation, forces the company to sell imported gasoline at below cost. The problem is that Petrobras doesn't have the capacity to meet ballooning demand as consumers gain the ability to buy cars. Petrobras is building four refineries, but it's likely to be some years before the firm will be able to cut imports. [View news story]
I wonder if Obama would try that with Exxon (or Chevron).
"reduce the taxes on "the little people", so the second group, which are far greater in number, has money to spend."
How do you reduce taxes on the 47% that don't pay any? We already have some negative income tax provisions whereby you receive tax credit refunds even though you have no tax liability. You can't tax the wealthy with an income tax; it has to be a net worth tax. And then listen to the Buffets squeal.
"It would be much better for fiscal policy makers to simply remove the cliff," writes Strategas, noting negative economic growth typically brings with it a drop in the S&P of about 30%. Negative economic growth? It's sure to come. David Kotok reminds the hit to households from the tax increases will be 5-7%. [View news story]
"David Kotok reminds the hit to households from the tax increases will be 5-7%."
But fewer and fewer households are paying taxes so the impact won't be wide spread. Yeah, right.
The White House is having advanced internal discussions about kicking the fiscal cliff can a bit further down the road, reports the WSJ. Though surely not unexpected, the news has futures moving, the S&P 500 +0.3%. [View news story]
Yes but as long as their own nests are feathered, why should they care about anyone else?
Mexico Could Be The New China [View article]
Oct New Home Sales: 368K vs. 387K expected, 369K prior (revised). [View news story]
Wall Street Breakfast: Must-Know News [View article]
We just had an election where the people said they want the government to do everything and be responsible for everything in their lives. New model for American women: Sandra Fluke.
Greece Is Fixed... So They Say [View article]
Market recap: Nervousness over the fiscal cliff leaves the market subject to headline risk until a deal is done, and stocks stumbled down the stretch today after Harry Reid spoke of "little progress" in the pace of cliff negotiations. But with the S&P 500 near its 100-day MA, today's move could have just as much to do with technicals. NYSE decliners topped advancers 13 to 11. [View news story]
And for those in the lower economic echelons, if, after taxes, the amount that can be earned is less than the amounts available in the safety net, why bother to try to improve oneself? Pick up a little extra change working off the clock (maybe cutting lawns or selling dope) and just ignore anything that isn't entertaining. And Sandra Fluke becomes the model for the American woman. After all the constitution guarantees happiness, right?
"It's my worst nightmare," says a long-only bond fund manager. "There's nothing I can do - the checks come in every day, and I have to invest (the money)." Aging baby boomers following conventional wisdom by steering their accounts away from stocks and to fixed income at these low rates could get a very expensive lesson, writes Jonathan Trugman. (see also) [View news story]
Twinkies And Employment [View article]
Twinkies And Employment [View article]
Twinkies And Employment [View article]
Petrobras' (PBR) refining unit has lost a record $8B this year, as the Brazilian government, which is trying to limit inflation, forces the company to sell imported gasoline at below cost. The problem is that Petrobras doesn't have the capacity to meet ballooning demand as consumers gain the ability to buy cars. Petrobras is building four refineries, but it's likely to be some years before the firm will be able to cut imports. [View news story]
The 'Twinkiezation' Of The American Economy And Spirit [View article]
I'm beginning to think that the youth don't care how much debt they incur as it will either be written off with some type of amnesty or inflated away.
The Economy Is Killing Joe Sixpack [View article]
How do you reduce taxes on the 47% that don't pay any? We already have some negative income tax provisions whereby you receive tax credit refunds even though you have no tax liability. You can't tax the wealthy with an income tax; it has to be a net worth tax. And then listen to the Buffets squeal.
"It would be much better for fiscal policy makers to simply remove the cliff," writes Strategas, noting negative economic growth typically brings with it a drop in the S&P of about 30%. Negative economic growth? It's sure to come. David Kotok reminds the hit to households from the tax increases will be 5-7%. [View news story]
But fewer and fewer households are paying taxes so the impact won't be wide spread. Yeah, right.
The Stock Market Rebound Is Coming [View article]
The White House is having advanced internal discussions about kicking the fiscal cliff can a bit further down the road, reports the WSJ. Though surely not unexpected, the news has futures moving, the S&P 500 +0.3%. [View news story]