January 30, 2013, 11:16 a.m. ET U.S. Economy Unexpectedly Contracts in Fourth Quarter Private-Sector Hiring Rose by 192,000 in January, ADP Reports By ERIC MORATH and SARAH PORTLOCK U.S. economic momentum screeched to a halt in the final months of 2012, as lawmakers’ struggle to reach a deal on tax increases and budget cuts likely led businesses to [...]
Archive for the 'Debt and Leverage' Category
This had better be a one time contraction or we have the biggest disconnect with markets that we have seen in years. Thank you Ben!
JUST WHAT WE WANT TO HEAR…FABULOUS!
Now that student loans are undeniably in bubble territory, the officialdom is starting to wake up and take notice. Evidence that students were taking on so much debt as a group that it was undermining their ability to be Good American Consumers wasn’t enough. A recent New York Fed study found that 94% of recent [...]
AHHH..MR. BUBBLE IS RELENTLESS…TRYING TO STOP BLEEDING IN THE MARKET
I cannot wait until he either resigns or is fired. Enough with this “on-purpose” manipulation of markets. His only goal is for markets to go higher. I wish he would just shut the hell up. People being killed in bond funds past couple of weeks…brought to you by Mr. Bubble. Read this: Federal Reserve Chairman Ben [...]
HUH? WHAT? WEREN’T THEY SAVED?
Greece is fast running out of cash while it awaits the next tranche of its 130-billion euro ($165.16 billion) international bailout that is keeping it afloat, a deputy finance minister said on Friday. “The situation with the state’s cash reserves is borderline,” Deputy Finance Minister Christos Staikouras told a conference. “This fact creates a condition [...]
HARRY REID AND JOHN BOEHNER FRONT AND CENTER…NOW I FEEL BETTER
Bear with me! Imagine you were playing a tackle football game and on purpose, someone chop blocked you and busted your left knee up. Imagine that same person apologizing profusely and telling you they are a surgeon and will do the surgery for free. Imagine coming out of surgery on your left knee and waking [...]
I HAVE BEEN SAYING THIS FOR MONTHS ABOUT YIELD REACH!
Some investors are pursuing the safety of federally insured deposits. Others are dissatisfied with low nominal and negative real returns and are moving further out on the risk spectrum in their zeal for yield, regardless of whether they understand the additional risk they are incurring. In a speech at Jackson Hole, Wyoming, in late August, Federal [...]
I BET YOU CAN’T READ ALL OF THIS WITHOUT THROWING UP
The World’s Largest Money-Laundering Machine: The Federal Reserve The Fed policy’s first-order effect is to issue hundreds of billions in “free money” to banks; the second-order effect is to destroy the rule of law in the U.S. Let’s start with a few questions about the proper role of the Central State and Central Bank: why [...]
GLENN HUBBARD IS JUST ANOTHER NUTCASE!
Yes…print money to fund deficits. Yes…leave rates at zero to create another bubble and screw savers. Yes…that’s the ticket! NEW YORK, Aug 21 (Reuters) – Ben Bernanke received an unlikely defense of his work at the U.S. Federal Reserve by a top Mitt Romney adviser, who said on Tuesday that he should be considered for [...]
AS I HAVE SAID, IT AIN’T OVER…
More chapters to come. My favorite country to visit is probably next. Read this: VENICE — Concerns grew on Monday that Italy could be the next victim of Europe’s financial infection, leading nervous investors to sell Italian stocks and bonds and damping euphoria over a weekend deal to bail out Spain’s banks. Italian officials privately [...]
