Stocks ended up OK yesterday and today the futures traders says it's either OK or bad --this is the same daja-vu we had yesterday. Wait, oh yeah it's
GROUNDHOG DAY!!!!!!!
At least this time the only reports we get hit w/ are Auto & Truck Sales later this aft.
Silver's flat but gold's inching up; and in case of boredom:
I Love Wall Street: An Engine of Prosperity - Ben Stein, American Spectator
Laurence Fink Takes Investors to Task - A. Ross Sorkin, New York Times
Why Peak Profits are a Big Problem for Wall Street - Shawn Tully, Fortune
If It's a Recession, Stocks Have Much Further to Fall - George Perry, RCM
How to Escape Market Meltdown Mentality - David Kaufman, National Post
Ignore the Pundits, Oil's Fall IS the Boom - John Tamny, RealClearMarkets
Japan's Experiment w/Rates of Less Than Zero - Noah Smith, Bloomberg
Larry is an idiot. Companies like GE, Microsoft, and Google aren’t paying any taxes now.
Bernie Sanders is right about one thing. Banks are bigger now than they were before the bailouts. Larry wants the free money flowing and to hell with what’s right.
Why do they keep insisting there is no inflation?
While the cost of gas has returned to previous levels, practically everything else needed for daily existence - food, rent, etc - continues to steadily increase.
They still should do it even though 00beyama will veto it.
Thankfully, there’s a way out of this mess. Let the Fed keep interest rates and the dollar stable. No more tightening.
...
Kudlow’s close. The Fed should primarily look at the bond market and the yield curve in order to keep everything stable while the economy grows and wages increase.
Too bad the Fed’s actual goal is to keep wages suppressed.
BS, cut income taxes and make up the difference with import tariffs. US economic goes thru the roof.
‘Push the rate down to 15% for C-corps and S-corps’
Why not do the same for all businesses instead of just these two specific groups?
how about non-incorporated businesses, LLCs, parnerships?
B T F D
if interst rates go UP
the market goes DOWN
the only people QE benfitted were the too big to fail banks and the 1%
the $$$ never reached WE THE PEOPLE
only the defecit DID........ 24 trillion worth
THE PROFITS WENT TO THE 1%
and i am not jealous.... just putting forth some facts.......
now ask yourself..... why do we need the fed...???
but every president who opposed it Lincoln Kennedy..... oh well......
Now they’re floating stealing my money via negative interest rates.
Which means it’s just a matter of time before they do it.
http://www.bloomberg.com/news/articles/2016-02-02/rates-less-than-zero-is-bank-stress-fed-wants-to-test-in-2016