Cullen Roche's three bearish signs in a sea of negativity: U.S. rail traffic is grinding to a halt; U.S. manufacturers' new orders have turned sharply negative; and Suez Canal traffic is turning negative. (But things could be worse: three bullish signs.) [View news story]
Tell me you didn't vote for Bush?
And I'd like a cite to the Washington statute that does that. Not to that mention the Supreme Court would overturn in as unConstitutional in a heart beat.
Wall Street Breakfast: Must-Know News [View article]
The GOTP overplayed their hand..... we are going to go over the fiscal cliff unless they see reason.
Now is not the time for spending cuts to be implemented immediately although a marked decrease in defense spending is called for. There is no need to spend billions for planes we will never use.
Harming the middle class will not improve the economy and Social Security should be provided for by lifting the pay roll tax caps so that all pay the same flat rate on their income for that insurance policy.
And why should paying the debts America has already incurred come at the price of inflicting Christianist Sharia laws on women? So the charade of begging permission to pay our bills must end.
Wall Street Breakfast: Must-Know News [View article]
The media has fallen for a Romney sleight of hand maneuver -- he talks about cutting tax rates but making his changes revenue neutral by eliminating deductions and tax credits. The media then talk about his cuts but since it is revenue neutral he is not cutting taxes he is simply re-arranging them. And guess what analysis shows? Yep. The middle class voters will pay more under Romney.
The WSJ looks at the contrasting approaches of Virginia and Maryland to tax and spending. The latter's governor, Martin O'Malley, touts his "investment" for its results in education, except that Maryland is losing jobs and rich residents, and often runs out of money. Virginia's unemployment is lower and Governor Bob McDonnell has turned a $6B deficit into a $1B surplus. [View news story]
So the soldiers and the military retirees and the paper pushers get their money from where? And spend their money where?
These people earned their money and perform government services which the nation values. Without the money from these jobs the economy of Virginia would tank.
On a WAG, bet there is more money spent that way than on welfare by a long shot.
The WSJ looks at the contrasting approaches of Virginia and Maryland to tax and spending. The latter's governor, Martin O'Malley, touts his "investment" for its results in education, except that Maryland is losing jobs and rich residents, and often runs out of money. Virginia's unemployment is lower and Governor Bob McDonnell has turned a $6B deficit into a $1B surplus. [View news story]
Any info on ranking on per capita debt as a percentage of per capita income?
The SEC was already looking into Knight Capital's (KCG) risk management procedures at the time of it's now infamous trading debacle, says Fox News' Charlie Gasparino. This adds a new twist to the story, says Gasparino, because at the time, SEC officials were conducting what is known as a “sweep” to determine if the firm was in compliance with its new "Market Access" rule. If they had been, it could have prevented the trading glitch. At a minimum, it's possible that the agency might have pointed out the firm's shortcomings before the trading error occurred. [View news story]
Wait, wut? You mean the big bad regulatory government might have caught the private sector error?
Expect Another Smackdown In Gold And Equities In Response To Bernanke's Testimony [View article]
Or they can ask their bosses for a raise. It's called a tax increase and it how most governments increase revenue. We need to return to the Reagan tax rates. No organization -- whether the government or a company can exist without revenue.
Expect Another Smackdown In Gold And Equities In Response To Bernanke's Testimony [View article]
Exactly. Money is something that people are willing to provide value for: It's an IOU. It doesn't matter whether you print it on paper or stamp it on gold -- it's all fiat. It all rests on the belief of the person owning the money that they can receive value in return for it.
NFIB Small Business Optimism Index:-3.0 to 91.4, vs. consensus of 92.0, 94.4 in May. The report is a clear indication of slow growth. 23% of owners cites weak sales as one of the most important business problem. [View news story]
If your customers are out of work........
Thank the GOP Congress nicely for blocking all attempts to revive the economy.
Although he's optimistic about the outlook for the U.S., Deloitte CEO Joe Echevarria says many other top executives are not. Global economic turmoil coupled with stalemate in Washington have created a crisis of confidence in business leaders that makes it difficult to move forward. Washington is going to have to move away from stalemate, eliminate uncertainty, deal with regulation and create some certainty so business can invest and lend. (video) [View news story]
Dumping all GOP incumbents would be a good start. When they manage to offend S&P,,,,
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]
Be the first on your block to believe the GOP scare tactic of the week.
Oh, you mean the way the GOP governors are cutting employment in their states and the GOP in Congress are trying to gut the governmental sector of the economy and claim Obama did it?
After a brief bounce in the tumult following the healthcare ruling, stocks reverse, the DJIA -1.3%. Has the Supreme Court just given the okay for the government to order any sort of commerce as long as it's called a tax? Meanwhile, EU issues remain, and the ramifications of the Libor-probe continue to be felt. Barclays (BCS -17%), RBS -13.3%. [View news story]
The Supreme Court followed the precedents. There is no great loss of liberty in being fined if you choose not to acquire health insurance. There is no reason that society should pay the cost of your attempt to free ride.
Dryships' Survival Post-Recession [View article]
Or is there something I'm missing?
Cullen Roche's three bearish signs in a sea of negativity: U.S. rail traffic is grinding to a halt; U.S. manufacturers' new orders have turned sharply negative; and Suez Canal traffic is turning negative. (But things could be worse: three bullish signs.) [View news story]
And I'd like a cite to the Washington statute that does that. Not to that mention the Supreme Court would overturn in as unConstitutional in a heart beat.
Wall Street Breakfast: Must-Know News [View article]
Now is not the time for spending cuts to be implemented immediately although a marked decrease in defense spending is called for. There is no need to spend billions for planes we will never use.
Harming the middle class will not improve the economy and Social Security should be provided for by lifting the pay roll tax caps so that all pay the same flat rate on their income for that insurance policy.
And why should paying the debts America has already incurred come at the price of inflicting Christianist Sharia laws on women? So the charade of begging permission to pay our bills must end.
Wall Street Breakfast: Must-Know News [View article]
The WSJ looks at the contrasting approaches of Virginia and Maryland to tax and spending. The latter's governor, Martin O'Malley, touts his "investment" for its results in education, except that Maryland is losing jobs and rich residents, and often runs out of money. Virginia's unemployment is lower and Governor Bob McDonnell has turned a $6B deficit into a $1B surplus. [View news story]
These people earned their money and perform government services which the nation values. Without the money from these jobs the economy of Virginia would tank.
On a WAG, bet there is more money spent that way than on welfare by a long shot.
The WSJ looks at the contrasting approaches of Virginia and Maryland to tax and spending. The latter's governor, Martin O'Malley, touts his "investment" for its results in education, except that Maryland is losing jobs and rich residents, and often runs out of money. Virginia's unemployment is lower and Governor Bob McDonnell has turned a $6B deficit into a $1B surplus. [View news story]
The SEC was already looking into Knight Capital's (KCG) risk management procedures at the time of it's now infamous trading debacle, says Fox News' Charlie Gasparino. This adds a new twist to the story, says Gasparino, because at the time, SEC officials were conducting what is known as a “sweep” to determine if the firm was in compliance with its new "Market Access" rule. If they had been, it could have prevented the trading glitch. At a minimum, it's possible that the agency might have pointed out the firm's shortcomings before the trading error occurred. [View news story]
Expect Another Smackdown In Gold And Equities In Response To Bernanke's Testimony [View article]
Expect Another Smackdown In Gold And Equities In Response To Bernanke's Testimony [View article]
NFIB Small Business Optimism Index: -3.0 to 91.4, vs. consensus of 92.0, 94.4 in May. The report is a clear indication of slow growth. 23% of owners cites weak sales as one of the most important business problem. [View news story]
Thank the GOP Congress nicely for blocking all attempts to revive the economy.
Although he's optimistic about the outlook for the U.S., Deloitte CEO Joe Echevarria says many other top executives are not. Global economic turmoil coupled with stalemate in Washington have created a crisis of confidence in business leaders that makes it difficult to move forward. Washington is going to have to move away from stalemate, eliminate uncertainty, deal with regulation and create some certainty so business can invest and lend. (video) [View news story]
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]
June ADP Jobs Report: +176K vs. +136K prior (revised from 133K) and expectations of 95K. [View news story]
Ford To $9 Likely, But $26.00 To $32.50 In 3 To 5 Years [View article]
After a brief bounce in the tumult following the healthcare ruling, stocks reverse, the DJIA -1.3%. Has the Supreme Court just given the okay for the government to order any sort of commerce as long as it's called a tax? Meanwhile, EU issues remain, and the ramifications of the Libor-probe continue to be felt. Barclays (BCS -17%), RBS -13.3%. [View news story]