| StockFetcher Forums · General Discussion · POLITICS GOES HERE | << 1 ... 38 39 40 41 42 ... 76 >>Post Follow-up |
| Eman93 4,750 posts msg #97318 - Ignore Eman93 |
11/3/2010 11:56:38 PM "the Fed will surpass China's $868 billion in UST holdings before the end of November." -- ZeroHedge |
| four 5,087 posts msg #97342 - Ignore four |
11/5/2010 11:48:57 AM That was one of the aims of Fed's quantitative easing, according to the central bank's Chairman, Ben Bernanke. Writing in the op-ed pages of Thursday's Washington Post, Bernanke asserted: "Lower corporate bond rates will encourage investment." I infer Bernanke contends lower borrowing costs would induce increased investment in the economic sense, in plant and equipment to expand productive capacity and, ultimately, employment. But Coke had different plans. It used the proceeds from its bargain-basement borrowings to pay for a tender offer for higher-yielding debt following its acquisition of the North American operations of its biggest bottler, Coca-Cola Enterprises (NYSE: CCE - News) In other words, it was a shuffling of corporate assets, greatly assisted by ultra-cheap credit, rather than a job-creating expansion. While the Fed's actions are facilitating these financial transactions and fattening Wall Street's year-end bonus pool, it is having severe impacts on the rest of the world. The flood of dollar's is driving down the U.S. currency's exchange rate and driving up those of other countries. Some of which are resisting, notably Australia and India, which raised interest rates earlier this week ahead of the Fed's actions. http://finance.yahoo.com/banking-budgeting/article/111235/end-of-bond-bull-spurs-borrowing-binge?mod=bb-budgeting&sec=topStories&pos=5&asset=&ccode= --- "shuffling of corporate assets, greatly assisted by ultra-cheap credit, rather than a job-creating expansion", |
| karennma 8,057 posts msg #97505 - Ignore karennma |
11/16/2010 8:53:01 AM SAY NO TO HR 4646!! The gov't wants your money again. HR 4646 allows 1% tax on every transaction you do. Another GOV'T BAILOUT for the banks ... complements of the American taxpayer. |
| dangreene 229 posts msg #97519 - Ignore dangreene |
11/16/2010 5:58:28 PM I would rather say; NO, - - - TO THIS TYPE OF KNEE JERK RUMOR MONGERING |
| TheRumpledOne 6,529 posts msg #97520 - Ignore TheRumpledOne |
11/16/2010 6:37:53 PM You have got to watch this! http://www.businessinsider.com/quantitative-easing-cartoon-2010-11 |
| straken 469 posts msg #97529 - Ignore straken |
11/17/2010 2:30:45 PM Well Ole Goat Face Pelosi is re-elected as house minority leader. |
| tmaugham 115 posts msg #97532 - Ignore tmaugham |
11/17/2010 6:43:09 PM MINORITY being the operative term.... |
| ricks_stocks 35 posts msg #97533 - Ignore ricks_stocks |
11/17/2010 10:18:52 PM Here's some politics for ya http://www.youtube.com/watch?v=7wusgcG4rfo |
| TheRumpledOne 6,529 posts msg #97543 - Ignore TheRumpledOne modified |
11/18/2010 9:08:11 AM In my inbox today: Straight Talk - Follow Up A short time ago I reprinted a partial interview of Professor Steve Keen that was rather interesting. I guess I like him because he believes most (all?) Keynesian economists of today are idiots. Another question put to Professor Keen was…What should we (governments, corporations, and individuals) be doing right now to restore fiscal “soundness”? Steve: This is a tricky one for a very simple reason: if my preferred remedies were enacted now, they would be blamed for causing an ensuing crisis, when in fact all they would do is make the existing crisis more obvious. I make the analogy between my situation and that of a doctor who has as a patient a comatose mountaineer who climbed too high without sufficient insulation and now has gangrene. If you operate before he regains consciousness, he might only lose a foot, but he’ll blame you for making him a cripple. If you wait till he regains consciousness and sees what the alternative might be, he’ll thank you for saving his life when you remove his leg. America in particular—but also much of the OECD—has substituted essentially unproductive Ponzi speculation for real productivity growth in the last 4 decades, which the rising debt bubble has obscured as it simultaneously allowed Americans to live the high life by buying goods produced elsewhere using borrowed money. There’s no way to come to terms with that without suffering a substantial fall in actual incomes. I’d prefer to come to terms with these realities rapidly rather than slowly, but the political reality is, as Winston Churchill once put it, that “The United States invariably does the right thing, after having exhausted every other alternative”. So I’m proposing changes that I know are only feasible after several more years of failed conventional policies have been tried. I also realize that most of these ideas are well outside not just the mainstream, but many of the positions put by non-mainstream critics as well. The basic list is: • Abolish Ponzi debts, which are those that have been used primarily to drive up asset prices rather than finance investment or consumption. This includes most shadow banking system debt (about 100% of GDP), much of the runup in household debt since 1985 (when it was about 50% of GDP), and probably most of the 30% increase in business debt beyond the 50% level that applied in the 1970s. • Since the first move would bankrupt the financial sector (or rather convert it’s state of de facto bankruptcy after the crisis—without the government bailouts—into de jure bankruptcy) banks should be put into temporary nationally administered receivership, during which time the flow of working capital to firms would be maintained. • Reform financial assets to prevent future debt-funded Ponzi bubbles. As I explain in the Roving Cavaliers of Credit, I don’t think it’s possible to stop banks wanting to lend too much money, so I’d rather reduce the attractiveness of debt for Ponzi speculation itself by making it much less likely that profits could be made from leveraged speculation. • Finance infrastructural development with fiat-money financed government deficit spending as recommended by the American Monetary Institute. I don’t accept the position put by so-called Chartalist economists that government spending can overcome any recession, but we live in a mixed credit-fiat money economy, and just as private sector money should grow when the economy grows, so should fiat money. The failure of the government to do this under the influence of Friedmanite ideas about money was a contributing factor in the explosion of debt-financed money and the financial crisis. It caused a rundown in the quality of US infrastructure, and I defy anyone to argue that government spending could be any more wasteful than what the private sector did with its monetary growth. Especially in a period where private investment is likely to be subdued, there’s a good reason for government spending on infrastructure to lead the way to revived expectations. Trade well and follow the trend, not the so-called “experts.” Behold the age of infinite moral hazard! On April 2nd, 2009 CONgress forced FASB to suspend rule 157 in favor of deceitful accounting for the TBTF banksters. Larry Levin |
| dwiggains 447 posts msg #97545 - Ignore dwiggains |
11/18/2010 10:15:12 AM Great --- Simple and true I think this explains the Fed actions. http://www.youtube.com/watch?v=PTUY16CkS-k&feature=player_embedded See ya David |
| StockFetcher Forums · General Discussion · POLITICS GOES HERE | << 1 ... 38 39 40 41 42 ... 76 >>Post Follow-up |
Copyright 2022 - Vestyl Software L.L.C.•Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data
Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus