Monday, August 9, 2010
Timing A Top
Many of the indicators I like to look at are showing a muddled picture.
http://capitalobserver.blogspot.com/
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Monday, August 9, 2010
Timing A Top
Many of the indicators I like to look at are showing a muddled picture.
http://capitalobserver.blogspot.com/
But we work for the gubment', don't that mean something. Really, I've had about enough of this ****. So what do we do Robo? The best thing I've heard of late is that Mexico may legalize pot just to rid the problem of cartels. Now that would increase their GDP because I'm taking my retirement dollars to a secluded mountain in the middle of that country and smoke my brains out. The rest of the world can bite me.
Quote:
Originally Posted by robo
August 9, 2010
Corporate "Cash" - Cheering the Asset and Ignoring the Liability
John P. Hussman, Ph.D.
If there is one thing that is singularly responsible for the abysmal returns of the S&P 500 over the past 12 years, it is the ludicrous set of valuation "models" that Wall Street has repeatedly foisted onto an uninformed public in order to sell them on the notion that dangerously overvalued markets were actually "cheap." Knowledge is your best defense. Valuation matters.
http://www.hussmanfunds.com/wmc/wmc100809.htm
Nothing we can do Jimmy-Joe, but wait and see. Keep the cup half full, stay positive, be thankful we have good jobs, and vote and stay informed about this. However, it’s the state and local governments that are in the biggest trouble promising retired city workers 80k a year retirements in some cities. One thing is for sure, it doesn’t do us any good worrying about it, that’s for sure.Quote:
Originally Posted by JimmyJoe
Take care and we will watch all of this closely and I'm staying out of debt. Sorry, but this consumer is cutting back and looks for sales when I buy! Yeah – consumer confidence, mine is in the toilet alright.
Robo
Forget It, Bernanke
August 7th, 2010 Friday’s jobs report was taken as a disappointment even though the private sector continued to add jobs and extend hours-worked. Nevertheless, everybody seems to think that the Fed has no choice but to announce more “quantitative easing” at its meeting on Tuesday.
Is that not hilarious? The government sector is losing jobs, so now the government needs to stimulate itself? Explain that Keynesians!
http://www.trivisonno.com/
Markets May Be Jumping the Gun On Fed Easing!
Monday, August 9, 2010. 9:15 am.
The U.S. market’s first reaction to the dismal employment report on Friday was to plunge, with the Dow down 165 points in the first hour. But on second thought it apparently decided the report was bad enough, and enough further evidence that the recovery in in trouble, that the Fed will be forced to quickly provide another round of stimulus. The market recovered late in the day Friday, with the Dow closing down only 21 points, or 0.2%.
Markets in Europe are rallying strongly this morning, reportedly also on a bet that the US Fed will move quickly, probably at its FOMC meeting tomorrow, to provide another round of quantitative easing.
They may be jumping the gun. There are worries about sending the wrong message, as well as opinions that it is too early and perhaps even the wrong medicine.
http://www.streetsmartpost.com/
Look What’s Come Home to Roost
The two big economic reports of the past two weeks, last Friday’s GDP report and this past Friday’s jobs report, have solidified, in most people’s minds at least, the plain reality that the jury-rigged recovery is faltering. It was never really an organic recovery, it was almost wholly held together by the government, which reasonably assumed if it threw enough money around, the business cycle would reset itself, and the economy would eventually just, you know, heal. That what the thinking baked into the White House assertion that the stimulus bill would cap unemployment at 8%.
It didn’t work. Partisans will use that against President Obama and the Democrats, but it doesn’t have anything to do with politics. The nation’s problems go much deeper than which party controls the levels of power (both parties, incidentally, have proven themselves unfit for such duty.)
http://markettalk.newswires-americas.com/
Quote:
Originally Posted by robo
Yeah, What the hell is with that? Local gov't giving their retires 80k to 100k a year? Of course they need more tax money for,............ wait for it............, their schools. Grifters. They can bite me too.
America Goes Dark
By PAUL KRUGMAN
Published: August 8, 2010
The lights are going out all over America — literally.
http://www.nytimes.com/2010/08/09/op...2&ref=opinion#
Sunday, August 08, 2010
Bob Brinker Still Bullish - US Treasury Rates
On today's Moneytalk, in response to a caller asking Bob Brinker about his discussion of "rapid growth" as one of the five root causes of a bear market, Brinker said:
"I do not believe we are entering a new bear market at this time."
http://bobbrinkerfanclub.blogspot.co...l-bullish.html
The myth of the Social Security system's financial shortfall
The trust fund is in far better shape than critics admit.
ByMichael Hiltzik
August 8, 2010
The annual report of the Social Security Trustees is the sort of rich compendium of facts and analysis that has something for everybody, like the Bible.
So all the whining you hear about how redeeming the trust fund will require a tax hike we can't afford is simply the sound of wealthy taxpayers trying to skip out on a bill about to come due. The next time someone tells you the trust fund is full of worthless IOUs, try to guess what tax bracket he's in.
http://www.latimes.com/business/la-f...1359956.column
August 9, 2010
Not In 25 Years, Social Security Is Bankrupt Now
By Bill Frezza
This just in from the trustees that issue the annual report on the health of those two pillars of the modern entitlement state: Medicare and Social Security. For the first time in its history the Social Security program will pay out more money than it takes in. This watershed event will occur this year, to the tune of $41 Billion dollars. Under any rational accounting standards this makes the Social Security program bankrupt. And that's right now, not in 25 years when the so-called Trust Fund becomes insolvent.
http://www.realclearmarkets.com/arti...now_98611.html