You wrote: "I find it remarkable, and telling, that no one seems to be asking what number actually makes the Greek situation tenable. Still, 50% would be closer to the right number than 21%, which is what the last deal was."
Probably 65% would be closer in my opinion. All hell is going to break loose in Europe shortly and I personally don't think there is much anyone can do about it.
The "meetings" are being put off because of the wide chasm in the Merkozy duo's deliberations. There are, as we all know it, some VERY serious problems in Europe currently and maybe they can kick the can down the road until the financial "issues" can resolve themselves. I do have serious doubts concerning the politicians resolve to fix the mess.
OMG! The first 2 didn't work why would anyone thinking clearly want to do another?
Yes, it is possible for QE3 only because the Fed's do not have to report to anyone except themselves. So even if it is wrong, they as Keynesian's will do it anyway - screw the public and the infant's not born to pay for it.
Coming Week: EU Grand Solution Or Grand Illusion? [View article]
I might add Rick Ackerman's view here; "So lame is Europe’s latest attempt at spin control that Americans could view it as comic relief from our own worries about the U.S. economy’s accelerating death spiral. "
What's In The Crystal Ball For Q3 GDP? [View article]
The graph at FRED does not indicate a recession in the making either. (Leading Index for the United States (USSLIND)) http://bit.ly/pao39W[1][id]=USSLIND&s[...
I do think the European woes could turn very sour soon and effect our markets in a decisively negative way over the next 12 months.
Good analysis on your part but my guess we will be surprised by the end of the year.
However, in my "Book of Revelations", I look at ALL data-points. That would include news and anything else I can get to form relationships and trends. Much is discarded in that it probably doesn't apply now, but you never know.
Mr. Hanson offered another interesting data-point and it shouldn't be dismissed summarily by Mr. Millers "astute readership".
After reading Mr. Miller’s article I am not so sure he got the point of Mr. Hansen’s article that basically said, here is another data-point to consider.
You wrote, “has chosen to include the stock market as a recession signal.” And then you go on to say, “I hope that my astute readership will be unimpressed by this marginal indicator on a handful of cases.”.
FOMC members may differ over policy, but the gang will always agree its mission should be free of political interference, notes JPM's Mike Ferroli. For this reason, the GOP letter last night, may lead to a circling of the wagons, i.e. the removal of the 3 dissents and possibly even easier policy than anticipated. [View news story]
Going against the GOP at this time could be considered a death knell as 2012 is just around the corner. BB may be relieved of command and the Fed maybe abolished or its unregulated powers severely limited.
This is serious stuff and the politicians on both sides of the aisle have screwed the pooch while the voting public sat on their hands.
What else would you expect!
To say the GOP is clueless clearly shows a political leaning without considering available information, ramifications of poor financial legislation and the wink, wink attitude of those on the take.
FOMC members may differ over policy, but the gang will always agree its mission should be free of political interference, notes JPM's Mike Ferroli. For this reason, the GOP letter last night, may lead to a circling of the wagons, i.e. the removal of the 3 dissents and possibly even easier policy than anticipated. [View news story]
FOMC Meeting: The Week Investors Have Been Waiting For Is Finally Here [View article]
The best thing the Fed can do now is to do NOTHING.
As I have said elsewhere, Keynesian economics are still in play.
Be afraid, be very afraid.
basehitz: What you said needs to be said again, "The fact that savers, producers, the middle class, but especially seniors and the poor are being robbed does not concern the Criminal Reserve . . .
The CB currency debauchery robs from savers, robs from producers, robs from the middle class, and especially robs from seniors"
After Hours Vs. The Trading Day [View article]
A Horror Show In Momentum Stocks [View article]
Not The Time To Make Big Calls [View article]
Probably 65% would be closer in my opinion. All hell is going to break loose in Europe shortly and I personally don't think there is much anyone can do about it.
The "meetings" are being put off because of the wide chasm in the Merkozy duo's deliberations. There are, as we all know it, some VERY serious problems in Europe currently and maybe they can kick the can down the road until the financial "issues" can resolve themselves. I do have serious doubts concerning the politicians resolve to fix the mess.
My thoughts, your mileage will vary.
The Inevitability Of QE3 [View article]
Yes, it is possible for QE3 only because the Fed's do not have to report to anyone except themselves. So even if it is wrong, they as Keynesian's will do it anyway - screw the public and the infant's not born to pay for it.
Personally, I think it would be a big mistake.
Your mileage will vary.
Coming Week: EU Grand Solution Or Grand Illusion? [View article]
Coming Week: EU Grand Solution Or Grand Illusion? [View article]
And yet the beat goes on.
What's In The Crystal Ball For Q3 GDP? [View article]
http://bit.ly/pao39W[1][id]=USSLIND&s[...
I do think the European woes could turn very sour soon and effect our markets in a decisively negative way over the next 12 months.
Good analysis on your part but my guess we will be surprised by the end of the year.
The Inevitability Of QE3 [View article]
I agree completely.
As for a QE3, I am not so sure as the political pressure not to implement another QE from the Right is going to be enormous.
Is This Another 2008 Or 2009? [View article]
Your comments are well taken and appreciated.
However, in my "Book of Revelations", I look at ALL data-points. That would include news and anything else I can get to form relationships and trends. Much is discarded in that it probably doesn't apply now, but you never know.
Mr. Hanson offered another interesting data-point and it shouldn't be dismissed summarily by Mr. Millers "astute readership".
Is This Another 2008 Or 2009? [View article]
You wrote, “has chosen to include the stock market as a recession signal.” And then you go on to say, “I hope that my astute readership will be unimpressed by this marginal indicator on a handful of cases.”.
If anything, I am unimpressed with Mr. Miller.
FOMC members may differ over policy, but the gang will always agree its mission should be free of political interference, notes JPM's Mike Ferroli. For this reason, the GOP letter last night, may lead to a circling of the wagons, i.e. the removal of the 3 dissents and possibly even easier policy than anticipated. [View news story]
This is serious stuff and the politicians on both sides of the aisle have screwed the pooch while the voting public sat on their hands.
What else would you expect!
To say the GOP is clueless clearly shows a political leaning without considering available information, ramifications of poor financial legislation and the wink, wink attitude of those on the take.
My take, your mileage will vary.
FOMC members may differ over policy, but the gang will always agree its mission should be free of political interference, notes JPM's Mike Ferroli. For this reason, the GOP letter last night, may lead to a circling of the wagons, i.e. the removal of the 3 dissents and possibly even easier policy than anticipated. [View news story]
FOMC Meeting: The Week Investors Have Been Waiting For Is Finally Here [View article]
As I have said elsewhere, Keynesian economics are still in play.
Be afraid, be very afraid.
basehitz: What you said needs to be said again, "The fact that savers, producers, the middle class, but especially seniors and the poor are being robbed does not concern the Criminal Reserve . . .
The CB currency debauchery robs from savers, robs from producers, robs from the middle class, and especially robs from seniors"
Ahead Of FOMC Meeting: Operation Twist and Shout? [View article]
Be afraid, be very afraid.
Enjoy your trip.
Waiting for This False Bear to Pass [View article]
This selling off the highs lately is simply the beginning stage of a downtrend. A long awaited downtrend at that.
My next target is the penetration of the SP500 1,000 support and then it down to 900.
Hedging here: Unless the Fed's come out with QE3, but that is VERY unlikely.