The S&P 500 will rise 11% next year to 1,379, according to the average of eleven strategists who participated in a Bloomberg survey. If their predictions are correct, it will mark a 53% return for the benchmark index since 2008, the best three-year stretch since the late 1990s. [View news story]
So you are saying you expect gold and silver to track equities and move up in tandem?
And where do you see the dollar going in the meantime? Honest question.
Wall Street's curmudgeon-in-chief, Third Point's Dan Loeb, pens a letter critical of the President. A former Obama supporter, Loeb is turned off by the President's "smack downs" on successful Americans, otherwise "known as the 2%." His holiday gift for Obama's true believers: "He's Just Not That Into You."[View news story]
Being Lib doesn't mean you are ready to walk away wholesale from what's out there and looking to replace it with something totally new, but it does mean having your opinion informed from a certain perspective, the perspective that gov't should only enable and intervene as much as needed in order to provide a fair and level playing field with minimal involvement.
For example, a suggestion that FDIC bank insurance is at odds with Lib perspective in that it is gov't provided is problematic in that deposit insurance has come about as a result of the fact that current bank regulation enables banks to take risks. Before you can take a stance on FDIC insurance you need to see where the weaknesses in the system are and determine how to address them.
Of course this is my own perspective and I can only speak for myself, and I don't want to get into a discussion of political theory here, but I like and share bigbenorr's perspective so i figured I'd pop in here.
Wall Street's curmudgeon-in-chief, Third Point's Dan Loeb, pens a letter critical of the President. A former Obama supporter, Loeb is turned off by the President's "smack downs" on successful Americans, otherwise "known as the 2%." His holiday gift for Obama's true believers: "He's Just Not That Into You."[View news story]
It's sad how the lines have been drawn so people can only think in terms of Repubs and Dems, in shades of "communist/socialist" and "fascist/oligarch". I'd propose the center has a lot of room for consensus building, but folks don't care to peer beyond their blinders. With partisan politics defining the sides, the partisans have decided that anyone who wants a level playing field to make a little money must be a "socialist" on the one hand and on the other we have the so called "oligarchs" who claim to believe in and be products of economic determinism.
The problem in this country is a political system that has lost its ability to enable real policy and real change, a "favored few" ideology which has given up looking beyond its self serving needs for the good of the nation on the one hand, a broken system of entitlements and services destroying the wealth of the country on the other, and a crippled central authority incapable of leading and.creating meaningful change leading the party. And that's why both the left and the right hate Obama.
Wall Street's curmudgeon-in-chief, Third Point's Dan Loeb, pens a letter critical of the President. A former Obama supporter, Loeb is turned off by the President's "smack downs" on successful Americans, otherwise "known as the 2%." His holiday gift for Obama's true believers: "He's Just Not That Into You."[View news story]
What part of the financial industry defrauding and destroying the wealth of the nation is confusing to you?
The thumbs down are not about "successful" versus "poor" this is about the buddy-buddy relationship between politics and a very, very, very small minority of the country getting in bed together to destroy the middle class.
I propose that as an investment oriented website you should be more aware of the fact that we come here cause we all want to make money, but when confronted with the BS that's has masqueraded as politics, the financial system, the economy, and the ways these things have played out in recent years, there is going to be some measure of righteous fury.
Your effort to define fellow SA members as "socialist" because of thumbs down lacks quite a bit of credibility.
When Obama's stint as President was still just beginning I remember reading "The Great Depression Ahead" by Harry Dent which was a pretty interesting read and very close to spot on in many of its projections.
I said to myself, "if this guy is right, then Obama is going to be President of a country entering a structural, qualitative, downturn that will not be resolvable with simple political and economic tricks", i.e. neither the Obama nor Bernanke would be able to stop and turn things around, no matter what they do.
I'm not completely pessimistic about the outcome of these discussions, however, since I don't believe the world is mathematically quantifiable and projectable and I believe with the right applications of pressure real change can be effected, O in this instance is just playing another one of his cards. Hopefully, his hand is a good one.
Mark Madoff will take much of what he did or didn't know about his father's Ponzi scheme with him to the grave, dead in an apparent suicide on the two-year anniversary of Bernie Madoff's confession. Friends say Mark couldn't get over the fraud, of which he claimed complete ignorance. [View news story]
I heard this on the radio and the whole "apparent" part of it makes me suspicious.
Either OPEC wants $100/brrl or they know something IEA doesn't.
If I recall correctly, OPEC suggested they would defend $80/brrl so my guess is they don't care if it goes higher, and since it held fine even during the bottom of the recession in the 60s and 70s - unfathomable just 3 years ago - I'm sure they could care less which way oil goes unless it drops under $50.
Even with minor drops in demand oil shouldn't drop too precipitously, there's a lot of investment money just sitting on it.
With home prices still depressed and stocks worth less than they were in 2006, would-be retirees are feeling especially hard hit. As many as 1.6M older Americans have delayed retirement, a move which could keep the unemployment rate elevated, lower consumer spending and take a toll on the government's finances. [View news story]
I read that as "raise the minimum age for retirement"!
Although, I would also suggest that most of the folks flooring the throttle towards retirement seem to be public employees and union workers, precisely the crowd of over entitled that needs to be looked at through different eyes.
With home prices still depressed and stocks worth less than they were in 2006, would-be retirees are feeling especially hard hit. As many as 1.6M older Americans have delayed retirement, a move which could keep the unemployment rate elevated, lower consumer spending and take a toll on the government's finances. [View news story]
The younger crowd getting into the workplace today, working hard and innovating will be the stars of tomorrow.
Economic Darwinism, when things get tough is when the real stars shine.
When the Chinese Premier was newly elected he came to the US and toured corporate America BEFORE meeting the President. I am too lazy to dig up the relevant dates and meetings, but I do remember something about a party at Gates' estate.
I thought that was meaningful, and widely ignored.
You cannot run an economy without talking to the heads of business. Any comment here considering this action by Obama as erroneous or problematic is partisan politics and doesn't intend for the well-being of the nation.
I did not mean to imply that I disliked or thought reappointment of Bernanke was wrong in itself, my opinion on him and the reappointment is a different issue. What I was attempting to say was that Obama's reappointment of him was another way Obama's attempts to create consensus and momentum didn't turn out as he expected, as his detractors, Bernanke's detractors, and Repubs in general have been using Bernanke's actions as a stick to beat Obama with, even though he was originally a Republican appointee.
I was suggesting through successive comments that had Obama been less consensus builder and more authoritative, perhaps things would be going better for him.
The recession's been hard on everyone, but there's a particular pain on older Americans, 1.6M of which are putting off retirement - with stock portfolios worth less than in 2006 and fixed-income investments with no income. And don't ask whether their house is worth more than it was a few years ago. [View news story]
"they only care about themselves"
This is precisely right; in my area unions were asked to make concessions, senior members chose to fire or screw over junior members in order to maintain their cushy benefits rather than consider anyone else or the well being of the whole.
I see plenty of those types of folks are here too, I seem to have had my comment thumbed down by a few of them!
The recession's been hard on everyone, but there's a particular pain on older Americans, 1.6M of which are putting off retirement - with stock portfolios worth less than in 2006 and fixed-income investments with no income. And don't ask whether their house is worth more than it was a few years ago. [View news story]
We can at least be happy for elder americans in that soc sec and medicare willl likely still be around for them and that any adjustments planned or enacted won't affect them.
I personally know a few of these guys who can't/won't retire, I feel for them but they universally scoff when I tell them soc sec won't be there for me and my children...
I'd suggest that re-appointing Bernanke, a Bush appointee and a Republican, was just another consensus-buiilding attempt by the President which has backfired.
If we should take heed of anything, Bush Jr.'s complete and total disregard for the Dems while in office at least allowed him to govern, Obama's attempts at reaching across the aisle have him trying to shake the wolves' hand while his fellows push him.
The S&P 500 will rise 11% next year to 1,379, according to the average of eleven strategists who participated in a Bloomberg survey. If their predictions are correct, it will mark a 53% return for the benchmark index since 2008, the best three-year stretch since the late 1990s. [View news story]
And where do you see the dollar going in the meantime? Honest question.
Wall Street's curmudgeon-in-chief, Third Point's Dan Loeb, pens a letter critical of the President. A former Obama supporter, Loeb is turned off by the President's "smack downs" on successful Americans, otherwise "known as the 2%." His holiday gift for Obama's true believers: "He's Just Not That Into You." [View news story]
For example, a suggestion that FDIC bank insurance is at odds with Lib perspective in that it is gov't provided is problematic in that deposit insurance has come about as a result of the fact that current bank regulation enables banks to take risks. Before you can take a stance on FDIC insurance you need to see where the weaknesses in the system are and determine how to address them.
Of course this is my own perspective and I can only speak for myself, and I don't want to get into a discussion of political theory here, but I like and share bigbenorr's perspective so i figured I'd pop in here.
Wall Street's curmudgeon-in-chief, Third Point's Dan Loeb, pens a letter critical of the President. A former Obama supporter, Loeb is turned off by the President's "smack downs" on successful Americans, otherwise "known as the 2%." His holiday gift for Obama's true believers: "He's Just Not That Into You." [View news story]
The problem in this country is a political system that has lost its ability to enable real policy and real change, a "favored few" ideology which has given up looking beyond its self serving needs for the good of the nation on the one hand, a broken system of entitlements and services destroying the wealth of the country on the other, and a crippled central authority incapable of leading and.creating meaningful change leading the party. And that's why both the left and the right hate Obama.
Today was the "worst day of the Obama presidency" - the tax deal unraveling, his political capital spent, upstaged by a former president and by the Senate's farthest-left Democrat. Joe Weisenthal says this may mark the day Obama "officially became a lame duck." [View news story]
Wall Street's curmudgeon-in-chief, Third Point's Dan Loeb, pens a letter critical of the President. A former Obama supporter, Loeb is turned off by the President's "smack downs" on successful Americans, otherwise "known as the 2%." His holiday gift for Obama's true believers: "He's Just Not That Into You." [View news story]
The thumbs down are not about "successful" versus "poor" this is about the buddy-buddy relationship between politics and a very, very, very small minority of the country getting in bed together to destroy the middle class.
I propose that as an investment oriented website you should be more aware of the fact that we come here cause we all want to make money, but when confronted with the BS that's has masqueraded as politics, the financial system, the economy, and the ways these things have played out in recent years, there is going to be some measure of righteous fury.
Your effort to define fellow SA members as "socialist" because of thumbs down lacks quite a bit of credibility.
After a bruising week, Pres. Obama will hold a one-day summit on Wednesday for corporate CEOs, hoping to persuade some of the companies to start using their collective $1.9T of cash for expansion and new hires. Invitees include GOOG, CSCO, IBM, AXP, PEP and more. [View news story]
I said to myself, "if this guy is right, then Obama is going to be President of a country entering a structural, qualitative, downturn that will not be resolvable with simple political and economic tricks", i.e. neither the Obama nor Bernanke would be able to stop and turn things around, no matter what they do.
I'm not completely pessimistic about the outcome of these discussions, however, since I don't believe the world is mathematically quantifiable and projectable and I believe with the right applications of pressure real change can be effected, O in this instance is just playing another one of his cards. Hopefully, his hand is a good one.
Mark Madoff will take much of what he did or didn't know about his father's Ponzi scheme with him to the grave, dead in an apparent suicide on the two-year anniversary of Bernie Madoff's confession. Friends say Mark couldn't get over the fraud, of which he claimed complete ignorance. [View news story]
Additionally, didn't Picard go after him today?
Ignoring the IEA's bullish demand data, OPEC keeps its output targets steady, and schedules its next meeting for June 1, 2011. $100/barrel oil, here we come. [View news story]
If I recall correctly, OPEC suggested they would defend $80/brrl so my guess is they don't care if it goes higher, and since it held fine even during the bottom of the recession in the 60s and 70s - unfathomable just 3 years ago - I'm sure they could care less which way oil goes unless it drops under $50.
Even with minor drops in demand oil shouldn't drop too precipitously, there's a lot of investment money just sitting on it.
With home prices still depressed and stocks worth less than they were in 2006, would-be retirees are feeling especially hard hit. As many as 1.6M older Americans have delayed retirement, a move which could keep the unemployment rate elevated, lower consumer spending and take a toll on the government's finances. [View news story]
Although, I would also suggest that most of the folks flooring the throttle towards retirement seem to be public employees and union workers, precisely the crowd of over entitled that needs to be looked at through different eyes.
With home prices still depressed and stocks worth less than they were in 2006, would-be retirees are feeling especially hard hit. As many as 1.6M older Americans have delayed retirement, a move which could keep the unemployment rate elevated, lower consumer spending and take a toll on the government's finances. [View news story]
Economic Darwinism, when things get tough is when the real stars shine.
After a bruising week, Pres. Obama will hold a one-day summit on Wednesday for corporate CEOs, hoping to persuade some of the companies to start using their collective $1.9T of cash for expansion and new hires. Invitees include GOOG, CSCO, IBM, AXP, PEP and more. [View news story]
I thought that was meaningful, and widely ignored.
You cannot run an economy without talking to the heads of business. Any comment here considering this action by Obama as erroneous or problematic is partisan politics and doesn't intend for the well-being of the nation.
Today was the "worst day of the Obama presidency" - the tax deal unraveling, his political capital spent, upstaged by a former president and by the Senate's farthest-left Democrat. Joe Weisenthal says this may mark the day Obama "officially became a lame duck." [View news story]
I was suggesting through successive comments that had Obama been less consensus builder and more authoritative, perhaps things would be going better for him.
The recession's been hard on everyone, but there's a particular pain on older Americans, 1.6M of which are putting off retirement - with stock portfolios worth less than in 2006 and fixed-income investments with no income. And don't ask whether their house is worth more than it was a few years ago. [View news story]
This is precisely right; in my area unions were asked to make concessions, senior members chose to fire or screw over junior members in order to maintain their cushy benefits rather than consider anyone else or the well being of the whole.
I see plenty of those types of folks are here too, I seem to have had my comment thumbed down by a few of them!
The recession's been hard on everyone, but there's a particular pain on older Americans, 1.6M of which are putting off retirement - with stock portfolios worth less than in 2006 and fixed-income investments with no income. And don't ask whether their house is worth more than it was a few years ago. [View news story]
I personally know a few of these guys who can't/won't retire, I feel for them but they universally scoff when I tell them soc sec won't be there for me and my children...
Today was the "worst day of the Obama presidency" - the tax deal unraveling, his political capital spent, upstaged by a former president and by the Senate's farthest-left Democrat. Joe Weisenthal says this may mark the day Obama "officially became a lame duck." [View news story]
I'd suggest that re-appointing Bernanke, a Bush appointee and a Republican, was just another consensus-buiilding attempt by the President which has backfired.
If we should take heed of anything, Bush Jr.'s complete and total disregard for the Dems while in office at least allowed him to govern, Obama's attempts at reaching across the aisle have him trying to shake the wolves' hand while his fellows push him.