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dinamo7

dinamo7
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  • Despite some "awful" economic policy, John Tamny says at least the U.S. will always be better off than China and Russia... or will it?  [View news story]
    US is essentially broke so it really does not have the $ to "help" with unemployment. many would love to help the less fortunate but one
    (at least an individual who cant print fiat money) cannot give more than he or she has. US uses money that is not its to begin with and is based on printing, to "hand" out.
    Jul 19 08:37 PM | 2 Likes Like |Link to Comment
  • Simon Johnson celebrates a provision in the financial reform bill as tantamount to a Sherman Antitrust Act for banks. The Kanjorski Amendment allows federal regulators to limit the scope of big banks and break them up if they pose a “grave risk” to financial stability, but Yves Smith calls it "toothless" and asks, "What is Simon Johnson smoking?"  [View news story]
    chavez would be proud
    Jul 15 03:39 PM | 1 Like Like |Link to Comment
  • BP could begin removing the containment cap over the Gulf well tomorrow, starting a process to replace it with a stronger device that may temporarily result in an increase of oil spilling into the Gulf. “This is in anticipation of a weather window that will allow us seven to 10 days of good weather," government coordinator Thad Allen says.  [View news story]
    how about an update on the press containment
    Jul 9 02:01 PM | Likes Like |Link to Comment
  • It's a slow day and not much should happen in the pre-earnings-season lull - unless the last 30 minutes see another swing that may be caused by the recent increase in late ETF trading.  [View news story]
    lol computers doing 95% of the vol.
    if the market spikes at the EOD expect to see headlines about investors picking up bargins
    Jul 9 02:00 PM | Likes Like |Link to Comment
  • Americans continue to shore up their finances, as consumer credit outstanding decreased in May at a seasonally adjusted annual rate of 4.5%, down $9.1B to $2.4T, more than an expected drop of $3B. The decrease followed a revised $14.9B drop in April that was initially estimated as a $1B increase.  [View news story]
    americans getting poorer, abused and rejected is now called
    "shoring up." obama banks get ben dollars at zero then lend at 20%.
    Jul 8 04:08 PM | 1 Like Like |Link to Comment
  • "An idea can transform the world and re-write all the rules. Which is why I have to steal it," Leonardo DiCaprio says in his role as a special agent who creates dreams, lures people into them, then pilfers their ideas in the new film, "Inception." TechCrunch says Microsoft (MSFT) is way overdue for an inception, since it hasn't proven capable of developing or executing such an idea on its own.  [View news story]
    yes, just what we need to heal this nation. wow
    Jul 8 02:41 PM | 1 Like Like |Link to Comment
  • Robert Prechter's take-your-guns-and- soup-to-mountains forecast has Rich Karlgaard revisiting the "howling insanity" of The Men Who Want to Be Roubini - and he says that crazy bullishness isn't any better; we're headed for a few years of a rangebound market, with America "retracing its own 1970s, and not its 1930s or Japan's 2000s."  [View news story]
    classical liberal attack - name calling.
    Jul 8 01:54 PM | 3 Likes Like |Link to Comment
  • Banks are restructuring many unpaid loans on commercial real estate rather than foreclose - wise strategy, or "extend and pretend?" A big push to modify such loans has slowed a spike in defaults and helped preserve banks' capital. But it has also created uncertainties about the health of the commercial property market and some banks.  [View news story]
    perpetuating fraud is never a good thing. no bank should be applauded for covering up its bad loans. that said I'm all for banks bending over backwards to modify, extend or otherwise help borrowers with real businesses who have a good chance of keeping current in tough circumstances
    Jul 8 12:10 PM | 2 Likes Like |Link to Comment
  • The ISM Non-Manufacturing report was mixed, and the next major stop on the data train is earnings season, kicking off next week. Sell-side analysts are slowing down their upgrades, which suggests there might be some optimism that still needs to be wrung out of the market.  [View news story]
    well thats polite to call it "mixed";
    Jul 6 01:05 PM | 1 Like Like |Link to Comment
  • The ugly and uglier assessments of the Congressional Budget Office should serve as a wake-up call for Obama, Nile Gardiner says, to stop his "reckless" spending that threatens to bring on America's decline. "It is not too late to reverse course, but so far there is not a shred of evidence that the president is willing to do what is necessary."  [View news story]
    LOL you can always count on these caring and deep thinking liberals to start out their analysis by calling someone a fool or idiot and then immediately blaming G. Bush.
    Jul 2 05:42 PM | 13 Likes Like |Link to Comment
  • The ugly and uglier assessments of the Congressional Budget Office should serve as a wake-up call for Obama, Nile Gardiner says, to stop his "reckless" spending that threatens to bring on America's decline. "It is not too late to reverse course, but so far there is not a shred of evidence that the president is willing to do what is necessary."  [View news story]
    what took so long for people to speak up. all these CEOs and WS guys vote for a big spending liberal and then are shocked by the outcome.
    Jul 2 04:55 PM | 7 Likes Like |Link to Comment
  • General Motors will file its initial public offering in mid-August, Reuters reports.  [View news story]
    bet all those bondholders who had their property confiscated are estatic; what about the 50 bil of taxpayer $ poured before the so-called BK.
    Jul 2 04:12 PM | Likes Like |Link to Comment
  • At the close: Dow -0.48% to 9686. S&P -0.48% to 1022. Nasdaq -0.46% to 2092.
    Treasurys: 30-year -0.66%. 10-yr -0.25%. 5-yr -0.01%.
    Commodities: Crude -1.03% to $72.20. Gold +0.45% to $1212.10.
    Currencies: Euro +0.16% vs. dollar. Yen -0.38%. Pound +0.16%.  [View news story]
    day of comedy beginning with haines asking SEIU rep (with a straight face) if he thinks obamas stimulus helped the recovery.
    guy vigorously agrees but says we need even more "stimulus"
    (especially for the unions.) whats next - a tough interview with michelle to evaluate how the pres. is doing ?
    joke two: faber arguing that the decline is due to negative talk about the economy. its really good if we could just be positive.
    joke three: obama saying recovery is "on track"
    Jul 2 04:08 PM | 1 Like Like |Link to Comment
  • The Interior Department fines the U.S. unit of BP $5.2M for submitting "false, inaccurate, or misleading" reports for energy production on Indian tribal lands in southwestern Colorado.  [View news story]
    next thing you know, obama will order BP to balance the us budget
    Jun 30 05:32 PM | Likes Like |Link to Comment
  • Market recap: Stocks sunk in the final stretch of trading, after news that Moody's had placed Spain's credit rating on review for a possible downgrade. The S&P closed at 1030, a Q2 drop of nearly 12%, breaking a four-quarter winning streak. NYSE decliners outnumbered advancers by about four to three.  [View news story]
    actually, it turned south after that goober fund manager (named "all stars", or something like it, sounded like a kids soccer team) came on and suggested that we were in a bull market and everything was cheap. he said he was loading the boat with media and consumer stocks, e.g. cruise lines. hope none of you have that fund.
    Jun 30 05:31 PM | Likes Like |Link to Comment
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