How freepers see elections/ebola/deflation/terror affecting investments&economy --Weekly Thread

Daily investment & finance thread ^ | Oct 26th 2014 | Freeper Investors

[catfish1957]

I think I have a pretty decent understaning of all finanical related matters. The issue of monetary demand in this case is something akin to being given a blank check with no consequences, or a credit card with no worries of balance reconciliation.

Your Bernankeistic philopshy of kicking the can down the street is flawed.

The chickens will come home to roost.

[catfish1957]

On face value, it means w/o any fed money printing we’ll in for a huge contraction.

Exactly. So WHEN do we quit kicking this can down the street. You guys are for QE(infinity)?

Both of you would fit in great at the Fed.

[catfish1957]

Yep, the bozos who thought we could grow the economy based on an energy boom, didn’t expect $50/bbl oil. And yes I do know it is not $50 right now.......

[Wyatt's Torch]

The oversupply of US oil is a huge risk for the economy. The morons here at FR who keep screaming “Drill here! Drill now!” will get exactly what they want. And then they will wonder what happened...

[Wyatt's Torch]

Not sure I’ve ever said I’m in favor of perpetual QE...

I am in favor of supplying liquidity when demanded so we don’t go into a deflationary spiral and completely wreck the economy. So if that’s what “fit in at the Fed” means. I’m cool with that monicker.

[expat_panama]

	Friday, October 31, 2014
	Markets		yesterday		today
	metals		Plunge speeding up w/ gold down to at $1,173.93 & silver to $16.07		Futures @ 2-1.5 hrs. before opening -0.85%
	stocks		Up in lower (and above average) volume-- "...after shaking off a weak start. The Nasdaq tacked on 0.4% while the S&P 500 added 0.6%. The Dow Jones industrial average surged 1.3%, mostly thanks to Visa's (V) 10% gain." (from here)		Futures +1.07%

--and we'll hit the ground running today w/ the end of the week, end of the month, and Halloween all at once!  Report stack (all for early this  morning) even bigger than yesterday's:

Natural Gas Inventories
Personal Income
Personal Spending
PCE Prices - Core
Employment Cost Index
Chicago PMI
Michigan Sentiment - Final

News links:

• Global shares jump, yen slumps as BOJ cranks up stimulus  Reuters - 9 hours ago LONDON (Reuters) - World shares jumped and the yen fell to a seven-year low against the dollar on Friday as the Bank of Japan surprised financial markets by significantly expanding its massive stimulus program.
•  Japan stocks soar 5 percent, yen falls on stimulus The Seattle Times - 7:53am Japan's stock benchmark surged 5 percent to the highest level since late 2007 and the yen slid against the dollar Friday after the Bank of Japan unexpectedly announced new stimulus to boost a flagging economy.
• US Economy Grows at Steady Clip Wall Street Journal - 7:32am Military spending helped boost the GDP in the third quarter. Above, a group of U.S. military personnel bound for Liberia earlier this month
• Gold, silver tumble on strong U.S. growth data, Fed view By Frank Tang and Jan Harvey NEW YORK/LONDON (Reuters) - Gold dipped below $1,200 an ounce on Thursday and silver plunged 4 percent to its lowest since March 2010, a day after the U.S. Federal Reserve ...
• With the End of QE, Confused Keynesians Scream - Nathan Lewis, Forbes
• The U.S. Economic Family In Six Charts - Wilcox & Lerman, National Review
• Quantitative Pleasing - James Mackintosh, FT Alphaville
• Our Investment Beliefs - Brightman, Treussard, Masturzo, Research Affiliates

[expat_panama]

This is from IBD's front page in Why Tuesday Is GOP's Last Chance To Win Senate

[Wyatt's Torch]

XOM EPS $1.89 vs $1.71 Est

[expat_panama]

Both of you would fit in great at the Fed...    Your Bernankeistic philopshy...   You guys are...

He and I are really not that important --ok, well maybe I am-- but if we want to feed our families then we need to know what's going on.  The Fed's not important.  If the Fed were gone and some other agency did exactly what the Fed's doing now then nothing would change.  What the Fed's actually doing is what's important.

Most people prefer to cry like a baby about all the things they hate but all that does is raise our taxes for feeding the helpless twits. We need to decide what we want.  So we like the U.S., and its constitution and its ability to create wealth.  It's government's job to create money and "regulate the value thereof".  For me it's not a question of whether the government should regulate the dollar's value but how the gov't should regulate the dollar.   Most money is created using banks, we need money to live, so I'm voting for a congress that has banks making the amount of money necessary for $100 to buy roughly the same amount of food, clothing, and shelter from one week to the next.

I'm guessing we're together on this but if not then maybe we can at least understand our differences.

[expat_panama]

Decided to go ahead and start a separate thread on that families article.

[Grampa Dave]

Silver getting hammered and gold getting mauled this morning.

Wonder if the lower oil prices are lowering inflation around the globe as in Japan.

http://www.freerepublic.com/focus/f-news/3221630/posts

Japan’s central bank shocks markets with more easing as inflation slows

Reuters ^ | Oct 31, 2014 | Leika Kihara and Tetsushi Kajimoto
Posted on 10/31/2014, 6:39:04 AM by TigerLikesRooster

Japan’s central bank shocks markets with more easing as inflation slows

By Leika Kihara and Tetsushi Kajimoto

TOKYO Fri Oct 31, 2014 10:47am GMT

(Reuters) - The Bank of Japan shocked global financial markets on Friday by expanding its massive stimulus spending in a stark admission that economic growth and inflation have not picked up as much as expected after a sales tax hike in April

[Lurkina.n.Learnin]

“stark admission that economic growth and inflation have not picked up as much as expected after a sales tax hike in April”

That’s funny right there. Tax hikes kick up economic growth. Who knew?

[Wyatt's Torch]

[Lurkina.n.Learnin]

Not a good week for the private space biz

“Virgin Galactic confirmed on Twitter Friday that the company’s SpaceShipTwo craft suffered an ‘in-flight anomaly’ and crashed in the Mojave desert.”

[expat_panama]

There’s a lot of food for thought there. Makes me think about a stock screen strategy where the best picks are ones exceeding estimated expectations. That would mean health care, IT, and industrials are the way to go now. I’m surprised about telecoms though —me and a lot of other people...

[expat_panama]

Our kitchen just now --Happy Halloween all!

 

[Wyatt's Torch]

Is that supposed to be the market looking up to Yellen for more QE?

(Great carving. Well done.)

[expat_panama]

tx!

[1010RD]

There’s a lot of that going on. Maybe the economy is really coming back?

[1010RD]

Housing and low interest rates are causing people to feel trapped and poor.