https://freerepublic.com/tag/by:soren/ en-us Sat, 7 Dec 2002 13:12:35 GMT Focus Forum 15 https://freerepublic.com/focus/f-news/802488/posts Sources: Bush Has Treasury Pick in Mind By MARTIN CRUTSINGER, AP Economics Writer WASHINGTON (AP) - President Bush (news - web sites), struggling to demonstrate he can deal effectively with a sick economy, is shaking up his economic team and laying plans to present the new Congress a major stimulus package that will include sizable new tax cuts. Bush expects to quickly fill the vacancies created with the resignations Friday of Treasury Secretary Paul O'Neill and Larry Lindsey, the director of his National Economic Council. Two senior White House officials, speaking on condition of anonymity, said late Friday that the... AP https://freerepublic.com/focus/f-news/802488/posts#comment Sat, 7 Dec 2002 13:12:35 GMT https://freerepublic.com/focus/f-news/801910/posts WASHINGTON (Reuters) - The U.S. unemployment rate shot up to 6 percent in November and employers hacked their payrolls by the largest amount since February, the government said on Friday in a report that offered troubling news about the economic recovery. The jobless rate hit its highest level since April, according to the Labor Department (news - web sites). The rate vaulted three-tenths of a percentage point from October's 5.7 percent. Private economists had been braced for an increase in that rate to only 5.8 percent. The number of workers on U.S. payrolls outside the farm sector tumbled by 40,000... Reuters https://freerepublic.com/focus/f-news/801910/posts#comment Fri, 6 Dec 2002 13:41:42 GMT https://freerepublic.com/focus/f-news/768465/posts Richard Russell on the Markets I've been doing a lot of thinking (what else is new?). In fact, I woke up at 2AM Saturday morning, and I realized that something was bothering me. What could be bothering me? You guessed it, the stock market and the action of the market last week. Here are some of my thoughts. It's now (finally) conceded that this is a bear market. Not only is it a bear market, but it's widely conceded that this is a BIG bear market, and the most costly bear market since the 1930s. Even CNBC now refers to... gold-eagle.com https://freerepublic.com/focus/f-news/768465/posts#comment Sun, 13 Oct 2002 19:36:19 GMT https://freerepublic.com/focus/f-news/729795/posts <p>Leaked Gold Report Reveals Trouble Ahead. . .</p> <p>You didn’t hear about this on the national news, CNBC, or in your local newspaper.  After all, most of these controlled/scripted sources of “news” are still trying to keep us all believing that all is well with the world, even as the stock market and economy show new cracks.  For all its obvious faults, “the system”—i.e, the fractional reserve monetary system administered by the Federal Reserve—is still sound, according to these pundits.  Thus, and in spite of the rally in gold and gold stocks in 2002, the press will usually go out of its way to dismiss gold as either a viable investment alternative or as having any relevance to today’s financial and monetary structure.</p> nationalinvestor.com https://freerepublic.com/focus/f-news/729795/posts#comment Thu, 8 Aug 2002 15:31:05 GMT https://freerepublic.com/focus/f-news/722091/posts Durable Goods Orders Sink in June Thu Jul 25, 8:39 AM ET WASHINGTON (Reuters) - U.S. orders for costly durable goods posted their largest drop in seven months in June, the government said on Thursday in a report that raised questions about the strength of the economic recovery, particularly in manufacturing. Orders for durable goods, items intended to last for three years or more, fell 3.8 percent in June, the Commerce Department ( news - web sites) said. That was far worse than analyst expectations for a 0.7 percent rise and compared to a 0.6 percent climb in May. The... Reuters https://freerepublic.com/focus/f-news/722091/posts#comment Thu, 25 Jul 2002 12:54:41 GMT https://freerepublic.com/focus/f-news/720021/posts ANATOMY OF A BUBBLE: WHERE IT ALL WENT WRONG The charts on this page show the S&P 500 (black line) in relation to its normal P/E range. The lines composing the channel show where the S&P 500 would be if it were overvalued (red line), undervalued (green line), and fairly valued (blue line). The three charts below show that the S&P rarely moves outside that range. When it does, it signals extraordinary risk (higher than the channel) or extraordinary value (lower than the channel. Also, the direction in which the channel is moving tells us whether earnings are expanding or... decisionpoint.com https://freerepublic.com/focus/f-news/720021/posts#comment Sun, 21 Jul 2002 23:08:08 GMT https://freerepublic.com/focus/f-news/526044/posts <p>Washington, Sept. 17 (Bloomberg) -- Trading skyrocketed in options that bet on a drop in UAL Corp. and AMR Corp. stock during the days before terrorists crashed hijacked United and American airlines jets into the World Trade Center and the Pentagon.</p> bloomberg.com https://freerepublic.com/focus/f-news/526044/posts#comment Tue, 18 Sep 2001 02:01:11 GMT https://freerepublic.com/focus/f-news/526034/posts Give Money, Don't Waste It It shows the hollowness at the core of economic thinking if, in a time when capital should be more closely guarded than a wayward teenage daughter, the pundits are all out proclaiming this is a time to buy - stocks, goods, whatever - as long as money is passed from hand to hand, then Freedom and Democracy will stand firm. Capital has been lost this past week on a huge scale - not just in the smouldering tons of rubble which mark the mausoleum of so many innocents, but in the dislocations caused to commerce ... gold-eagle.com https://freerepublic.com/focus/f-news/526034/posts#comment Tue, 18 Sep 2001 01:52:06 GMT https://freerepublic.com/focus/f-news/525983/posts NIKKEI gapped up about 120. Now at 9762 (+258) https://freerepublic.com/focus/f-news/525983/posts#comment Tue, 18 Sep 2001 00:34:38 GMT https://freerepublic.com/focus/f-news/525721/posts DJIA at 8991 (-612). Naz at 1600 (-94). S&P 500 at 1044. https://freerepublic.com/focus/f-news/525721/posts#comment Mon, 17 Sep 2001 17:34:27 GMT https://freerepublic.com/forum/a39f816a62fc5.htm Thursday October 26 6:55 AM ET Submarine Letter: Many Sailors Struggled On MURMANSK, Russia (Reuters) - The last scribbled words of a dying officer aboard the Kursk (news - web sites) submarine indicated that at least 23 members of the 118-man crew did not die instantly, as previously thought.The sinking of the Kursk on August 12 prompted an international rescue operation which ultimately proved fruitless. Russian officials said toward the end they believed all hands had died within the first two minutes of the disaster.But a letter, found on Thursday in the pocket of one of four sailors retrieved from ... Reuters https://freerepublic.com/forum/a39f816a62fc5.htm#comment Thu, 26 Oct 2000 11:34:21 GMT https://freerepublic.com/forum/a39f505a540d1.htm Embattled Israeli Prime Minister Fighting to Retain Power 0040 GMT, 001024 Summary Prime Minister Ehud Barak intensified efforts Oct.22 to form an emergency government of national unity. By forming a unity government with the far right Likud party, Barak forestalls the possibility of immediate elections and retains Israeli leadership. But to do so, Barak must abandon his platform of peace and take a hardline stance against the Palestinians, undercutting the future of the peace process and his political survival. Rest of article is here Stratfor.com https://freerepublic.com/forum/a39f505a540d1.htm#comment Tue, 24 Oct 2000 03:44:56 GMT https://freerepublic.com/forum/a39f4f8e836a0.htm Unity gov't seen by Thursday By David FranklinJERUSALEM (October 24) - Prime Minister Ehud Barak is hoping to set up a national emergency government by Thursday, the Prime Minister's Office said last night. Optimism prevailed despite differences that remained after a meeting yesterday afternoon between Labor and Likud negotiators, headed by Barak and Likud chairman Ariel Sharon at Barak's office in Jerusalem. The sides agreed to continue talks today. The sides disagreed over the extent of power that the Likud in general, and Sharon in particular, would have in an emergency government. "We are offering Sharon a special status, but ... Jerusalem Post https://freerepublic.com/forum/a39f4f8e836a0.htm#comment Tue, 24 Oct 2000 02:50:35 GMT https://freerepublic.com/forum/a39f2556327f1.htm October 20, 2000 Senate to probe Gore's pact with Russian leader By Bill Gertz THE WASHINGTON TIMES     Senate leaders yesterday accused the White House of withholding documents and announced hearings next week to explore back-channel deals between Vice President Al Gore and Russian Prime Minister Viktor Chernomyrdin on Moscow's arms deals with Iran. "We are troubled by the unwillingness of the administration to be more forthcoming on this issue," Sen. Gordon H. Smith said at a press conference.     "Clearly, this is a case where there was controlling legal authority," Mr. Smith, Oregon Republican and chairman of the Foreign Relations subcommittee on European ... THE WASHINGTON TIMES https://freerepublic.com/forum/a39f2556327f1.htm#comment Sun, 22 Oct 2000 02:48:20 GMT https://freerepublic.com/forum/a39f24f862389.htm By Dan Balz and Terry M. Neal Washington Post Staff Writers Sunday, October 22, 2000; Page A1 On a sunny autumn afternoon, George W. Bush is perched in his front-row seat in the forward cabin of his chartered campaign plane, somewhere between Philadelphia and New York. He has put the pressure of the campaign out of his mind to talk about how he might govern as president, a topic that he says makes him optimistic at a time – a month ago – when polls show him struggling. "I'm the kind of person who trusts people," he says. "And ... WashingtonPost.com https://freerepublic.com/forum/a39f24f862389.htm#comment Sun, 22 Oct 2000 02:23:19 GMT https://freerepublic.com/forum/a39f1f39c6992.htm Saturday October 21 3:03 PM ET Violence in Gaza, West Bank As Arab Leaders Meet Reuters Photo By Nidal al-MughrabiKHAN YOUNIS, Gaza Strip (Reuters) - Palestinians and Israeli troops fought fierce new clashes in the Gaza Strip and West Bank Saturday on a ``day of rage'' called to coincide with an Arab summit in Cairo.Gaza hospital officials said a 15-year-old Palestinian youth was killed in clashes with Israeli soldiers near the Kfar Darom Jewish settlement in the Gaza Strip.His death was one of at least three Saturday, bringing to not less than 120 the number of people killed since the ... Reuters https://freerepublic.com/forum/a39f1f39c6992.htm#comment Sat, 21 Oct 2000 19:51:09 GMT https://freerepublic.com/forum/a39f1ecf3653f.htm A long article discussing why the Fed's old trick of flooding the market with liquidity may not work this time. Click Here Some excerpts follow: The fact that liquidity seeks out inflation, while avoiding deflation like the plague, poses an enormous, and I suspect largely unrecognized, dilemma for central bankers, particularly in the present environment. Clearly, Greenspan and Wall Street have come to believe that any crisis can be averted by stoking securities prices with a greater flow of liquidity – additional money and credit/purchasing power. Certainly, Wall Street is aggressively positioned with the “Greenspan Put” in mind. And with ... The Credit Bubble Bulletin (at PrudentBear.com) https://freerepublic.com/forum/a39f1ecf3653f.htm#comment Sat, 21 Oct 2000 19:22:43 GMT https://freerepublic.com/forum/a39f1c4864b78.htm By Caroline DreesCAIRO, Egypt (Reuters) - Arab leaders launched tirades of anger against Israel at a rare Arab League summit Saturday as more Palestinians were killed and wounded in fierce clashes in the Gaza Strip and West Bank.Proclaiming solidarity with the Palestinians, the leaders were set to halt further normalization of relations with Israel and suspend Arab participation in multilateral talks with the Jewish state on economic and regional cooperation, according to a draft communique.Palestinian President Yasser Arafat, addressing the Cairo summit in his trademark checkered keffiyeh headdress, promised his people would keep struggling until ``victory.''``Our people of the holy ... Reuters https://freerepublic.com/forum/a39f1c4864b78.htm#comment Sat, 21 Oct 2000 16:30:14 GMT https://freerepublic.com/forum/a39f1be3246f0.htm Saturday October 21 8:35 AM ET West Nile Virus Spreads Farther South WASHINGTON (Reuters) - U.S. government researchers say they found West Nile virus (news - web sites) in a dead crow in North Carolina, the farthest south the virus, new to the Western Hemisphere, has been found.The U.S. Geological Survey said the infected crow was found in Chatham County, near the town of Moncure, about 40 miles southwest of Raleigh.``Am I surprised to see it spread into North Carolina? No,'' Dr. Robert McLean, chief of the USGS wildlife health center, said Friday in a statement.``And I wouldn't be surprised ... Reuters https://freerepublic.com/forum/a39f1be3246f0.htm#comment Sat, 21 Oct 2000 16:03:14 GMT https://freerepublic.com/forum/a39f1bb4f452c.htm Saturday October 21 10:43 AM ET A Few Tough Budget Issues Split Clinton, Congress By Vicki AllenWASHINGTON (Reuters) - A handful of thorny issues and short work weeks that have lessened the incentive to abandon the Capitol for the campaign trail have kept the 106th Congress churning weeks beyond its scheduled end, with some speculation it could drift pass the Nov. 7 election.Republicans trying to hold their slim majorities in the House and Senate are playing a high-stakes game by drawing out their last fight over the federal budget with President Clinton (news - web sites), who has proved more ... Reuters https://freerepublic.com/forum/a39f1bb4f452c.htm#comment Sat, 21 Oct 2000 15:50:55 GMT https://freerepublic.com/forum/a39f1b879438c.htm Saturday October 21 7:40 AM ET Canada's Liberals Step Up Pace on Election Eve Canada's Liberals Step Up Pace on Election Eve By David LjunggrenOTTAWA (Reuters) - Canada's ruling Liberals on Saturday picked up pace on the eve of a widely expected election call by running newspaper advertisements reminding voters how much the party had promised them in tax cuts.The advertisements, which covered from half to two-thirds of a page, were the first the party has placed since it became clear a few weeks ago that Prime Minister Jean Chretien would announce on Sunday he is calling an election for ... Reuters https://freerepublic.com/forum/a39f1b879438c.htm#comment Sat, 21 Oct 2000 15:38:49 GMT https://freerepublic.com/forum/a39f1b2d73f75.htm By Pierre BelecNEW YORK (Reuters) - Now playing on Wall Street: The ''Perfect Storm''. A short or long engagement?Investors are swimming through a sea of corporate earnings and they're looking over their shoulders, uneasy about the three weather systems that have come together.Inflation, monetary policy and oil prices are converging at the same time, threatening to bring down Wall Street's spectacular bull market.What's scary is that the last time all three factors were in play 10 years ago, the economy slipped into recession.Weird StuffThe dark clouds are forming just days after the Street toasted the 10th anniversary of the bull ... Reuters https://freerepublic.com/forum/a39f1b2d73f75.htm#comment Sat, 21 Oct 2000 15:14:47 GMT https://freerepublic.com/forum/a39f19e623334.htm By Evelyn LeopoldUNITED NATIONS (Reuters) - Palestinians persuaded the U.N. General Assembly to again admonish Israel for its use of force against civilians, but this time the vote was smaller than expected on the eve of an Arab summit.The resolution, condemning the ``excessive use of force'' by Israelis against Palestinians during the past three weeks of bloodshed, was adopted late Friday with 92 votes in favor, six against and 46 abstentions.Another 45 countries were absent or did not vote in the 189-nation General Assembly. The resolution was drafted by Palestinian delegates and sponsored by Arab and Islamic nations as well ... Stratfor.com https://freerepublic.com/forum/a39f19e623334.htm#comment Sat, 21 Oct 2000 13:47:30 GMT https://freerepublic.com/forum/a39f110817d9c.htm It appears that the Treasury and the FED have defied the market on the 13th of October, in order to prevent the coming plunge in the stock market. In a day where the PPI was reported to be at 0.9% for the month of September ( 11.3% yearly rate and the highest rate of the year ), the market made an unprecedented comeback from the previous day debacle and the Nasdaq rose and unbelievable 7.8 %. The same pattern of intervention appears to have occurred on the 18th of October, when CPI was higher than expected and stood at 0.5% ... gold-eagle.com https://freerepublic.com/forum/a39f110817d9c.htm#comment Sat, 21 Oct 2000 03:42:08 GMT https://freerepublic.com/forum/a39f10733767a.htm UNITED NATIONS (Reuters) - The U.N. General Assembly late on Friday condemned the ``excessive use of force'' by Israel against Palestinian civilians in a resolution adopted by a vote of 92 to 6 with 46 abstentions.The draft urged all parties to implement without delay the understandings reached at Sharm el-Sheikh, Egypt, aimed at halting three weeks of bloodshed that has taken nearly 120 lives, mainly among Palestinians.The Sharm el-Sheikh summit was attended by Israeli Prime Minister Ehud Barak and Palestinian President Yasser Arafat, under the auspices of President Clinton (news - web sites) and Egyptian President Hosni Mubarak. U.N. Secretary-General ... Reuters https://freerepublic.com/forum/a39f10733767a.htm#comment Sat, 21 Oct 2000 03:02:26 GMT