I stopped reading at George Bush having a clue... $4 trillion in deficit spending under Bush, money spent on wars to cover the investment made in creating the lies needed to start war, and complete failure of the banking system and near collapse of the American economy under his watch-- that qualifies as having a clue?
Because your team has been winning the championship (in the sport of your choice) for the last few years in a row, it will continue to win the championship forever (in the literal sense).
Is the USA a more dominant world power now than Greece under Alexander? Than the Roman Empire, or the British in their heydays? NOT EVEN CLOSE.
Look at China's growth over the past decade or so... project out another decade or so--could the USA win a war easily against THAT behemoth? What if Russia and others joined them?
The USA is devaluing its currency at a pace not seen anytime before in history! This has ALWAYS been the last-resort tactic of all banana republics, which is the route the USA's Fed has elected to take us.
America's demise is not only imaginable, it is guaranteed. The only question is, will we do the smart thing and scale back, swallow some tough medicine for a few years and undergo a limited and contained contraction so that we may come back stronger--or do we just continue to push our luck until we go bust?
It is clear to me which direction our "leaders" have chosen.
Wednesday Worries: Apple Makes $76,103 While You Read This [View article]
The only problem is that more are becoming bullish. Once this little mini-correction is complete, we should make that last, final run to the long-sought blowoff top.
We can't get too excited about the bull market lasting for too many more months because the Fed and their backed entities know that they are heating up the inflation flask and it's just a matter of time before the pressure buildup pops the cork.
In all likelihood, the Fed will shut it all down when nobody expects it, when the music is playing at maximum volume and all partiers are fully intoxicated. We are probably still a ways away from that, so for now, keep drinking.
Again, had the government taken all that money they printed (Fed buying bonds with money it doesn't actually have), and used it to pay wages, you'd have virtually 0% unemployment.
As it stands, most of that money went into the coffers of the bankers and the elite and a microscopic amount actually trickled down into the economy.
Thrilling Thursday: Romney And The Markets Turn Up [View article]
Romney was far better prepared last night and really delivered what his trainers drilled into him. In Obama's defense, I would guess having to run a country on the side can really affect one's preparation for a debate... Romney completely turned the tables on Obama and dominated every rebuttal.
Obama's side will have to quickly jump on Romney's change in stance and hunt for empirical evidence that depicts Romney as self-contradicting, which should be very easy... Obama needs to drop the little boy gloves and come out swinging. Furthermore he needs to prove and remind everyone of the elitist that Romney is--there's so much evidence there that even an OJ Simpson prosecutor could do it.
Romney is a guy who will say anything to win. He jumps on every polarizing issue that pops up in the media and immediately takes the popular side. It was pretty clear again from the debate that Romney is far more concerned with the prospect of "winning"--winning ANYTHING and everything in life at any and all costs--rather than being the leader of the free world.
Unfortunately, the major thing wrong with Obama's policies is that he still has it in for the super-rich... IMO, in an economy like we have now, you have to keep taxes low on ALL taxpayers across the board.... take proportionately more money from the rich when the economy is soaring, not in times like this.
No doubt all that QE has helped the UE numbers improve---INFINITE SIMALLY.
If you had just taken all that free QE banker money and used directly to hire people, you'd have the lowest unemployment in US history... too bad for the average Joe it doesn't work that way, huh?
Testy Tuesday: Still Waiting For The Dow To Show Some Strength [View article]
king,
let's look back at earnings in all the recent prior quarters... they were all lowered so companies could beat, and most of them did beat but unimpressively--sure revenues were atrocious, but the rigged game of beating lowered expectations continues to be rewarded with higher stock prices.... the people behind the scenes who control the thing want this market higher. In their demented minds, I would not doubt that a multi-year H&S pattern is what they want... the denouement of this story will be a multi-decade decline in the stock market, just like what happened with Japan (and continues to this day)... Bernanke should be jailed because instead of letting the economy fight it's way thru and take our short-term lumps, he has set a course for a multi-decade deflationary spiral. Of course, since GW will never be jailed for his crimes against humanity than I surely don't expect BB will be for far less obvious crimes.
Another "Flash Crash" in the financial markets could happen at any moment because of high frequency trading, warns former hedge fund analyst David Lauer. These disasters are causing retail investors to flee the equities market - $283B already since the Flash Crash in May 2010 - and their flight during a period of incredible stock market returns is a sure sign this exodus is a result of mistrust rather than economic conditions. And it's simply "a matter of time" Lauer says, "before we have another." [View news story]
The fear is definitely palpable out there.... case in point, while getting robbed at gunpoint the other day I tried to reason with the assailant, only to hear him retort something to do the effect of "aye yo' dawg, eff da stock ma'ket"
Eurozone flash Markit manufacturing PMI 46 in Sep vs 45.1 in Aug, manufacturing output 45.5 vs 44.4, services 46 vs 47.2, composite output 45.9 vs 46.3 and hits 39-month low. "The eurozone downturn gathered further momentum in September, suggesting that the region suffered the worst quarter for three years," says Markit. The flash PMI is consistent with GDP of -0.6% in Q3, "sending the region back into a technical recession." (PR) [View news story]
ECB needs to follow the lead of Bernanke--see how all that currency devaluation helped our US economy BOOM? 1.5% GDP growth woohoo!!
Testy Tuesday: Do We Need More Stimulus Already? [View article]
There's a pretty big difference here. Phil and all of his followers combined do not have the purchasing power to dictate oil prices... all of them selling with everything they had wouldn't budge prices by even a penny.
These other guys, however, are in effect a cartel. It is one thing to trade the free markets and a completely different thing to monopolize them.
Essential and limited natural resources like oil should not be permitted to be traded at all in a perfect world, but at the very least, something should be done against cartels even in the world we actually do live in.
Over the past 2 years, Bernanke (and now Draghi) and their backers have only one thing in mind when it comes to people who are short the market: take their money (and break their necks, which is just a corollary to the first thing).
Market has been completely disconnected from economic reality for a very long time due to unprecedented central banker intervention. Forget dangerous, what BB is doing has the potential to destroy the American economy for a long time. A sudden spike in inflation will force his hand, but when will we see that happen? If it is before the election, you can kiss Obama's chances goodbye, and hopefully Bernanke gets what he deserves: a pink slip.
Monday Monetary Madness: More Harm Than Good [View article]
b1225,
the riots are not solely because of food shortage or rising food prices, but that is a contributing factor...
What is the Fed going to do with all the debt it has bought up? The only way all that debt is going to get bought up is if there is a massive ROI on it-- where's that ROI going to come from? The Fed will have to jack up interest rates very quickly and end it's easy money policy once it becomes obvious that inflation is skyrocketing... i.e., money supply will have to shrink.
What do you think will happen to stocks? BOOM! The Fed, and solely the Fed, took stocks to the moon (well, we're almost there anyway), and they will be the ones to plummet it back into the depths of the sea.... watch and learn.
Why low volume actually is bullish, according to Ryan Detrick: Total-dollar volume is higher now than in the 2003-07 bull market, so how can bears say lower share volume is bearish? "As long as volume stays low and bears use it as ammunition for lower prices, just smile and nod your head, knowing this isn't true." [View news story]
If you're a bull in this environment, you can use ANY argument you want to back your position. If printing money cured all evils, then why has it not always been tried as the solution to economic problems throughout US and world history?
Oh wait, my bad, it HAS been done--and NOT ONCE has there ever been a positive outcome as a result... all of the gains of the S&P500 since 1000 will be wiped out in a matter of a couple days when "the market" decides it is time to follow reality.
A Disturbing Look Inside The Mind Of Ben Bernanke [View article]
Mioracle,
you have not even close to a clue about ANYTHING that you have written...
Bernanke and his fellow tools were the ones who said--literally just moments before the biggest housing crisis in history--that there was no bubble in housing and everything there was GREAT!
You have no idea what economics is and what it isn't, just know that Bernanke's legacy in the next 1-2 decades will be as the man who was instrumental in bringing down the US Financial System--PERMANENTLY.
TGIF: Testing Our Pre-Fed Levels [View article]
I stopped reading at George Bush having a clue... $4 trillion in deficit spending under Bush, money spent on wars to cover the investment made in creating the lies needed to start war, and complete failure of the banking system and near collapse of the American economy under his watch-- that qualifies as having a clue?
Hey Bill Gross, Why So Serious? [View article]
Because your team has been winning the championship (in the sport of your choice) for the last few years in a row, it will continue to win the championship forever (in the literal sense).
Is the USA a more dominant world power now than Greece under Alexander? Than the Roman Empire, or the British in their heydays? NOT EVEN CLOSE.
Look at China's growth over the past decade or so... project out another decade or so--could the USA win a war easily against THAT behemoth? What if Russia and others joined them?
The USA is devaluing its currency at a pace not seen anytime before in history! This has ALWAYS been the last-resort tactic of all banana republics, which is the route the USA's Fed has elected to take us.
America's demise is not only imaginable, it is guaranteed. The only question is, will we do the smart thing and scale back, swallow some tough medicine for a few years and undergo a limited and contained contraction so that we may come back stronger--or do we just continue to push our luck until we go bust?
It is clear to me which direction our "leaders" have chosen.
Wednesday Worries: Apple Makes $76,103 While You Read This [View article]
We can't get too excited about the bull market lasting for too many more months because the Fed and their backed entities know that they are heating up the inflation flask and it's just a matter of time before the pressure buildup pops the cork.
In all likelihood, the Fed will shut it all down when nobody expects it, when the music is playing at maximum volume and all partiers are fully intoxicated. We are probably still a ways away from that, so for now, keep drinking.
A Good Jobs Report [View article]
As it stands, most of that money went into the coffers of the bankers and the elite and a microscopic amount actually trickled down into the economy.
I'm not impressed.
Thrilling Thursday: Romney And The Markets Turn Up [View article]
Obama's side will have to quickly jump on Romney's change in stance and hunt for empirical evidence that depicts Romney as self-contradicting, which should be very easy... Obama needs to drop the little boy gloves and come out swinging. Furthermore he needs to prove and remind everyone of the elitist that Romney is--there's so much evidence there that even an OJ Simpson prosecutor could do it.
Romney is a guy who will say anything to win. He jumps on every polarizing issue that pops up in the media and immediately takes the popular side. It was pretty clear again from the debate that Romney is far more concerned with the prospect of "winning"--winning ANYTHING and everything in life at any and all costs--rather than being the leader of the free world.
Unfortunately, the major thing wrong with Obama's policies is that he still has it in for the super-rich... IMO, in an economy like we have now, you have to keep taxes low on ALL taxpayers across the board.... take proportionately more money from the rich when the economy is soaring, not in times like this.
Initial Jobless Claims: 359K vs. 376K consensus, 385K prior revised (prior week 382K). [View news story]
If you had just taken all that free QE banker money and used directly to hire people, you'd have the lowest unemployment in US history... too bad for the average Joe it doesn't work that way, huh?
Testy Tuesday: Still Waiting For The Dow To Show Some Strength [View article]
let's look back at earnings in all the recent prior quarters... they were all lowered so companies could beat, and most of them did beat but unimpressively--sure revenues were atrocious, but the rigged game of beating lowered expectations continues to be rewarded with higher stock prices.... the people behind the scenes who control the thing want this market higher. In their demented minds, I would not doubt that a multi-year H&S pattern is what they want... the denouement of this story will be a multi-decade decline in the stock market, just like what happened with Japan (and continues to this day)... Bernanke should be jailed because instead of letting the economy fight it's way thru and take our short-term lumps, he has set a course for a multi-decade deflationary spiral. Of course, since GW will never be jailed for his crimes against humanity than I surely don't expect BB will be for far less obvious crimes.
Another "Flash Crash" in the financial markets could happen at any moment because of high frequency trading, warns former hedge fund analyst David Lauer. These disasters are causing retail investors to flee the equities market - $283B already since the Flash Crash in May 2010 - and their flight during a period of incredible stock market returns is a sure sign this exodus is a result of mistrust rather than economic conditions. And it's simply "a matter of time" Lauer says, "before we have another." [View news story]
go figure.
Eurozone flash Markit manufacturing PMI 46 in Sep vs 45.1 in Aug, manufacturing output 45.5 vs 44.4, services 46 vs 47.2, composite output 45.9 vs 46.3 and hits 39-month low. "The eurozone downturn gathered further momentum in September, suggesting that the region suffered the worst quarter for three years," says Markit. The flash PMI is consistent with GDP of -0.6% in Q3, "sending the region back into a technical recession." (PR) [View news story]
That's right, keeeeeep printing.
Initial Jobless Claims: -3K to 382K vs. -9K consensus. Continuing claims -32K to 3.27M. [View news story]
Testy Tuesday: Do We Need More Stimulus Already? [View article]
These other guys, however, are in effect a cartel. It is one thing to trade the free markets and a completely different thing to monopolize them.
Essential and limited natural resources like oil should not be permitted to be traded at all in a perfect world, but at the very least, something should be done against cartels even in the world we actually do live in.
QE3: Bernanke And The Last Crusade [View article]
Market has been completely disconnected from economic reality for a very long time due to unprecedented central banker intervention. Forget dangerous, what BB is doing has the potential to destroy the American economy for a long time. A sudden spike in inflation will force his hand, but when will we see that happen? If it is before the election, you can kiss Obama's chances goodbye, and hopefully Bernanke gets what he deserves: a pink slip.
Monday Monetary Madness: More Harm Than Good [View article]
the riots are not solely because of food shortage or rising food prices, but that is a contributing factor...
What is the Fed going to do with all the debt it has bought up? The only way all that debt is going to get bought up is if there is a massive ROI on it-- where's that ROI going to come from? The Fed will have to jack up interest rates very quickly and end it's easy money policy once it becomes obvious that inflation is skyrocketing... i.e., money supply will have to shrink.
What do you think will happen to stocks? BOOM! The Fed, and solely the Fed, took stocks to the moon (well, we're almost there anyway), and they will be the ones to plummet it back into the depths of the sea.... watch and learn.
Why low volume actually is bullish, according to Ryan Detrick: Total-dollar volume is higher now than in the 2003-07 bull market, so how can bears say lower share volume is bearish? "As long as volume stays low and bears use it as ammunition for lower prices, just smile and nod your head, knowing this isn't true." [View news story]
Oh wait, my bad, it HAS been done--and NOT ONCE has there ever been a positive outcome as a result... all of the gains of the S&P500 since 1000 will be wiped out in a matter of a couple days when "the market" decides it is time to follow reality.
A Disturbing Look Inside The Mind Of Ben Bernanke [View article]
you have not even close to a clue about ANYTHING that you have written...
Bernanke and his fellow tools were the ones who said--literally just moments before the biggest housing crisis in history--that there was no bubble in housing and everything there was GREAT!
You have no idea what economics is and what it isn't, just know that Bernanke's legacy in the next 1-2 decades will be as the man who was instrumental in bringing down the US Financial System--PERMANENTLY.