Financial News

[NorthSideSox72]

Granted it is limited, but with the information I have locally, small businesses aren't moving at all right now. They are still in lock down mode.

I've seen other posters here say otherwise, including jasonxctf, who seems to have access to better info than we do.

 

I'm not saying it makes sense, or that its something great - I just think its interesting that businesses are planning on growth in 2010.

 

[southsider2k5]

I've seen other posters here say otherwise, including jasonxctf, who seems to have access to better info than we do.

 

I'm not saying it makes sense, or that its something great - I just think its interesting that businesses are planning on growth in 2010.

 

Oh, I would say my local sources are pretty solid. How is personally interviewing mayor of my town for a source?

[NorthSideSox72]

Oh, I would say my local sources are pretty solid. How is personally interviewing mayor of my town for a source?

More broad-based, I should have said.

 

[Balta1701]

Most aren't here, either. They don't want to get caught with their pants down on government interference.

Seriously, you think it's "Government interference" and not "my customers losing their jobs" that businesses are afraid of right now?

[kapkomet]

Seriously, you think it's "Government interference" and not "my customers losing their jobs" that businesses are afraid of right now?

 

 

Why would their customers lose their jobs? Oh, because the government is "helping".

[Balta1701]

Why would their customers lose their jobs? Oh, because the government is "helping".

No, because $8 trillion in wealth evaporated in a bursting housing bubble.

[kapkomet]

No, because $8 trillion in wealth evaporated in a bursting housing bubble.

 

 

I hadn't noticed.

[Balta1701]

I hadn't noticed.

Congratulations. This qualifies you for a position on the Federal Reserve Board of Governors.

[kapkomet]

Congratulations. This qualifies you for a position on the Federal Reserve Board of Governors.

 

 

 

You know, that's a really good point. I might have to go apply there.

[Cknolls]

We should have a 90% down day this week if not tomorrow!

[southsider2k5]

 

You know, that's a really good point. I might have to go apply there.

 

Don't bother unless you are a minority, a veteran, or disabled. But especially if you are a minority disabled veteran... So lostfan should be all over this one.

[Balta1701]

Don't bother unless you are a minority, a veteran, or disabled. But especially if you are a minority disabled veteran... So lostfan should be all over this one.

Which one is Bernake?

[southsider2k5]

Which one is Bernake?

 

Damn I forgot over 65

[Balta1701]

Damn I forgot over 65

He turned 56 in December.

 

(one of these times, 2k5 is going to be wrong on something, I'm going to call him on it, then suddenly I'll mysteriously disappear. A few years later a body will be found in a swamp somewhere).

[NorthSideSox72]

We should have a 90% down day this week if not tomorrow!

90% of what?

 

[Balta1701]

90% of what?

I assume he meant that 90% of the value of the stock market would be lost and we'd enter a new dark age.

 

(Probably means 90% of the publicly traded stocks go down).

[NorthSideSox72]

I assume he meant that 90% of the value of the stock market would be lost and we'd enter a new dark age.

 

(Probably means 90% of the publicly traded stocks go down).

The latter makes sense. I was hinting about the former, which I'm sure he didn't mean.

 

[Cknolls]

I assume he meant that 90% of the value of the stock market would be lost and we'd enter a new dark age.

 

(Probably means 90% of the publicly traded stocks go down).

 

 

S&P 500 stocks.

[Balta1701]

Link

On monetary policy, exiting too soon is going to tip the economies into recession; the trouble is… now there is the beginning of an asset bubble that's becoming global," Roubini told "Squawk Box Europe" at the World Economic Forum in Davos, Switzerland.

 

In Asia and China real estate prices are rising too fast, as do stock prices if you look at the PE ratio, he explained.

 

His comments echoed earlier warnings by European Central Bank Governing Council member Ewald Nowotny that there is a concrete risk of asset bubbles in emerging markets and in some commodities.

 

James Chanos, president and founder of Kynikos Associates, also warned recently that the bubble in China's real estate market is "unprecedented."

 

...

Meanwhile, the "wall of liquidity" which is inflating the emerging markets assets bubble is chasing commodities as well, he warned.

 

A slowdown in growth in developed economies is likely to push stock prices lower, but he said he did not see them going below the levels reached during the crisis.

 

"I don't think we're going to retest the lows of last March … I see only a correction happening in the second half of last year," Roubini said. "The risk is that the policy stimulus is going to fizzle out in the second half of next year and it will become a drag on growth."

[southsider2k5]

He turned 56 in December.

 

(one of these times, 2k5 is going to be wrong on something, I'm going to call him on it, then suddenly I'll mysteriously disappear. A few years later a body will be found in a swamp somewhere).

 

Either that or one of those friendly left wing groups is going to pay me a "visit".

[Balta1701]

Either that or one of those friendly left wing groups is going to pay me a "visit".

They're too busy getting high and having abortions. You're not a fetus are you?

[Cknolls]

http://www.washingtonpost.com/wp-dyn/conte...0012701601.html

 

I know, I always point out negative news.

[NorthSideSox72]

http://www.washingtonpost.com/wp-dyn/conte...0012701601.html

 

I know, I always point out negative news.

I've said for months, the best thing for the long term health of the housing market is for NEW home sales to stay weak, but existing home sales to be stronger. That's the only way we can reduce, relatively, the supply side, to support prices.

 

[Balta1701]

I've said for months, the best thing for the long term health of the housing market is for NEW home sales to stay weak, but existing home sales to be stronger. That's the only way we can reduce, relatively, the supply side, to support prices.

The Fed just released its monthly meeting notes today. Here's what the last couple have said about the housing market:

Jan, 2010: No comment.

 

Dec, 2009: "The housing sector has shown some signs of improvement over recent months."

 

Nov, 2009: "Activity in the housing sector has increased over recent months"

They took out the statement that the housing sector was improving and did not discuss it. That has to be deliberate.

[Balta1701]

The one month treasury bill yield went negative again today, first time since the plummeting stopped last March. That means investors think that there's likely to be a sell-off in the near future, if I understand these things at all, and they're willing to lose money on treasuries rather than keep money in stocks.