While it’s shaping up to be another summer from hell on Wall Street this year, Schwab’s Liz Ann Sonders says this year’s summer correction may not be as bad: "A lot has changed in the past two years, much for the better... There's at least a little bit of decoupling underway, certainly between the U.S. and Europe, and that's likely to assist in keeping the correction from mirroring the ones in 2010 and 2011." [View news story]
Oh yea, Decoupling. Heard that before in 2005 (China was decoupling just before it got slaughtered.
Nice call ! Where is demand to come from if not from Europe. China, India, not likely.
Principal Reductions Begin In Earnest [View article]
Why stop at Mortgages. Lets just get everyone that ever lost money on an investment made whole again. Think of how much money that would put back in the economy !
It's a world turned upside down. Why would anyone issue mortgages going forward. They are rewriting the rules as they go and nothing in a contract will necessarily survive.
New Jersey Governor Chris Christie brought down the hammer on his state’s effort to create a health-insurance exchange - as required under the Affordable Care Act - saying it should wait until the Supreme Court decides whether to uphold the landmark federal law. Christie noted "It would be imprudent for New Jersey now to create an exchange before these critical threshold issues are decided with finality by the Court.” [View news story]
One of the few good politician out there (Ryan, Walker, Paul, Paul, Johnson, etc...). Just not enough of them. Someday ! Hope that it isn't too late by then.
Clearwire (CLWR) has struck a deal with Qualcomm (QCOM) in which the latter agrees to develop 4G baseband chips that will support the former's pending TD-LTE network. TD-LTE is less popular than FDD-LTE, used by AT&T, Verizon, and others for their 4G deployments, but promises higher download capacity. Yesterday, Clearwire announced a similar deal with struggling 4G chipmaker Sequans (SQNS). CEO Erik Prusch says the Qualcomm deal could pave the way for carrier partnerships. [View news story]
I agree. Seems like this is one that with the exception of it's financial condition could do very well short and long term.
March Consumer Credit:+$21.3B vs. +$9.8B expected and $8.7B prior. Non-revolving debt (student loans, car and personal loans) up $16.20B, while revolving debt (credit cards) increased $5.10B. Credit card debt +$5.1B. [View news story]
The definition of insanity is doing the same thing and expecting a different outcome...... Hmmmm.
I guess we didn't enjoy the last few years enough ! When will the Sheeple learn !
Stocks could see gains of 40% or more this year, says Pension Partners Michael Gayed. That prediction has one caveat: the economy has to cooperate. "What happens when you come off a deflation scare is you tend to have very big moves historically in risk assets,” Gayed says, and he's banking that the Fed will kick off the reflation trade to add more liquidity to the markets - which will be followed by a retail buying frenzy that will push stocks to extremes. [View news story]
Wow. Really going out on a limb with that nothing prediction. I will take the 40 down side of that trade.
Headline of the day: German Finance Minister Schauble says Europe is "no longer in focus" at the spring IMF meetings. Also attending, the ECB's Jens Weidmann: The EU crisis remains the main economic risk to the world. [View news story]
Nothing to see here, just move along. I say good ! Then we can all get to raising rates and sucking back all of that currency that we have reeled out the last several years.
Pres. Obama's plan to "crack down" on oil speculators would give the CFTC new powers to order exchanges to raise margin requirements - which could lead to less liquidity and actually make oil prices more volatile, critics say. And no one complains when prices are heading south: "These are the same energy traders that just knocked natural gas prices to 10-year lows," says one. [View news story]
Exactly ! In a global economy you can't restrict activity and attempts to do so just make the market moves more extreme. In addition, we would lose this business overseas.
Pres. Obama's plan to "crack down" on oil speculators would give the CFTC new powers to order exchanges to raise margin requirements - which could lead to less liquidity and actually make oil prices more volatile, critics say. And no one complains when prices are heading south: "These are the same energy traders that just knocked natural gas prices to 10-year lows," says one. [View news story]
Yeah, Speculators, Thats what it is. Lets punish more people for being prudent investors based on the current market forces. Another crazy power grab.
Greek February industrial production falls 8.3% Y/Y after a 6% January decline. The country, however, had a bit less of an inflation burden, CPI dropping to 1.7% from 2.1%. The IP drop calls into question of whether the country can meet the EU's forecast of just 4.7% GDP contraction in 2012. [View news story]
Not for me. They never had a chance to meet that target. Inflation should be the least of their worries !
Signs of hope are seen in two of the most distressed U.S. housing markets. Las Vegas, where prices have plunged 62% from the peak, reports sold gains in home sales and prices, and inventory is down 46% Y/Y. The SoCal market posted the highest number of February home sales in five years. [View news story]
I agree (Most are Foreclosure....).
Since it is going so well maybe its time to get out of the bankers way and let them start reeling out the inventory. Never a better time for people to take advantage of those low rates :). Oh yea, except most of the deals have to be for cash buyers only and not too many of them. In addition, the last thing that an aging population needs are more properties, and that taxes and such on properties are rising, and that interest rates have no where to go but up, and that....
These numbers are from a catastrophic low and are no sign of anything other than maybe a dead cat bounce. Who are they the NAR ! Signs of hope indeed !
While it’s shaping up to be another summer from hell on Wall Street this year, Schwab’s Liz Ann Sonders says this year’s summer correction may not be as bad: "A lot has changed in the past two years, much for the better... There's at least a little bit of decoupling underway, certainly between the U.S. and Europe, and that's likely to assist in keeping the correction from mirroring the ones in 2010 and 2011." [View news story]
Nice call ! Where is demand to come from if not from Europe. China, India, not likely.
Principal Reductions Begin In Earnest [View article]
Principal Reductions Begin In Earnest [View article]
Those times will be here again !
Principal Reductions Begin In Earnest [View article]
It's a world turned upside down. Why would anyone issue mortgages going forward. They are rewriting the rules as they go and nothing in a contract will necessarily survive.
New Jersey Governor Chris Christie brought down the hammer on his state’s effort to create a health-insurance exchange - as required under the Affordable Care Act - saying it should wait until the Supreme Court decides whether to uphold the landmark federal law. Christie noted "It would be imprudent for New Jersey now to create an exchange before these critical threshold issues are decided with finality by the Court.” [View news story]
Clearwire (CLWR) has struck a deal with Qualcomm (QCOM) in which the latter agrees to develop 4G baseband chips that will support the former's pending TD-LTE network. TD-LTE is less popular than FDD-LTE, used by AT&T, Verizon, and others for their 4G deployments, but promises higher download capacity. Yesterday, Clearwire announced a similar deal with struggling 4G chipmaker Sequans (SQNS). CEO Erik Prusch says the Qualcomm deal could pave the way for carrier partnerships. [View news story]
March Consumer Credit: +$21.3B vs. +$9.8B expected and $8.7B prior. Non-revolving debt (student loans, car and personal loans) up $16.20B, while revolving debt (credit cards) increased $5.10B. Credit card debt +$5.1B. [View news story]
I guess we didn't enjoy the last few years enough ! When will the Sheeple learn !
No pity this time around for anyone involved.
Stocks could see gains of 40% or more this year, says Pension Partners Michael Gayed. That prediction has one caveat: the economy has to cooperate. "What happens when you come off a deflation scare is you tend to have very big moves historically in risk assets,” Gayed says, and he's banking that the Fed will kick off the reflation trade to add more liquidity to the markets - which will be followed by a retail buying frenzy that will push stocks to extremes. [View news story]
The Intrigue Builds For Tomorrow's Labor Report [View article]
Economic Reports Now Driving Gold And Silver Prices [View article]
Headline of the day: German Finance Minister Schauble says Europe is "no longer in focus" at the spring IMF meetings. Also attending, the ECB's Jens Weidmann: The EU crisis remains the main economic risk to the world. [View news story]
Pres. Obama's plan to "crack down" on oil speculators would give the CFTC new powers to order exchanges to raise margin requirements - which could lead to less liquidity and actually make oil prices more volatile, critics say. And no one complains when prices are heading south: "These are the same energy traders that just knocked natural gas prices to 10-year lows," says one. [View news story]
Pres. Obama's plan to "crack down" on oil speculators would give the CFTC new powers to order exchanges to raise margin requirements - which could lead to less liquidity and actually make oil prices more volatile, critics say. And no one complains when prices are heading south: "These are the same energy traders that just knocked natural gas prices to 10-year lows," says one. [View news story]
Greek February industrial production falls 8.3% Y/Y after a 6% January decline. The country, however, had a bit less of an inflation burden, CPI dropping to 1.7% from 2.1%. The IP drop calls into question of whether the country can meet the EU's forecast of just 4.7% GDP contraction in 2012. [View news story]
Signs of hope are seen in two of the most distressed U.S. housing markets. Las Vegas, where prices have plunged 62% from the peak, reports sold gains in home sales and prices, and inventory is down 46% Y/Y. The SoCal market posted the highest number of February home sales in five years. [View news story]
Since it is going so well maybe its time to get out of the bankers way and let them start reeling out the inventory. Never a better time for people to take advantage of those low rates :). Oh yea, except most of the deals have to be for cash buyers only and not too many of them. In addition, the last thing that an aging population needs are more properties, and that taxes and such on properties are rising, and that interest rates have no where to go but up, and that....
These numbers are from a catastrophic low and are no sign of anything other than maybe a dead cat bounce. Who are they the NAR ! Signs of hope indeed !