Financial News

[Cknolls]

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.

 

 

And everyone says I'm Dr. Doom.

[Balta1701]

And everyone says I'm Dr. Doom.

You are NOT stealing Roubini's nickname.

[NorthSideSox72]

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.

Its an indirect indicator, and only one indicator at that. But yes, all else equal, that is the bias that typically shows in that number. Typically.

 

[Balta1701]

For all the talk of a housing recovery, or at least a slowdown in the housing crash, one thing that hasn't slowed down is the rate of loans going bad. Here's the deliquency rate from FDMC, including Dec.'s numbers. Zero turnaround.

 

[NorthSideSox72]

For all the talk of a housing recovery, or at least a slowdown in the housing crash, one thing that hasn't slowed down is the rate of loans going bad. Here's the deliquency rate from FDMC, including Dec.'s numbers. Zero turnaround.

 

Housing follows employment, so its a late trailing indicator. Pretty much everyone has been saying this rate isn't likely to even level out until late 2010. So no surprise there.

 

[Balta1701]

Housing follows employment, so its a late trailing indicator. Pretty much everyone has been saying this rate isn't likely to even level out until late 2010. So no surprise there.

Isn't this the one recession though where housing has driven unemployment? The housing bubble burst and that started going up way before unemployment shot upwards.

[NorthSideSox72]

Isn't this the one recession though where housing has driven unemployment? The housing bubble burst and that started going up way before unemployment shot upwards.

Housing has not driven unemployment any more than usual - which is to say, no more than the usual effect of unemployment IN that industry.

 

What the housing bubble did was destroy asset wealth, and turn a certain percentage of people upside down in their mortgages. That doesn't cause unemployment directly, again, outside that sector. But is sure does have a material effect on mortgage failures.

 

[Cknolls]

3rd qtr annualized GDP is now LESS THAN Federal debt. Congrats Congress. Keep up the good work

 

 

 

$14.29 Trillion Debt vs $14.242 Trillion GDP.

[Balta1701]

$14.29 Trillion Debt vs $14.242 Trillion GDP.

How in the world are you coming up with that federal debt number? Are you counting everything the Fed has loaned out but then also giving the assets its taken back a value of zero?

[southsider2k5]

Senate has voted to end debate on re-nom of Bernanke.

[southsider2k5]

Reconfirmed. Essentially the Repubs got together over the weekend and decided they would rather have BB in, versus whomever Obama would nominate.

[Balta1701]

Senate has voted to end debate on re-nom of Bernanke.

Wow, so things that banks like get to pass on 50 votes.

[BigSqwert]

I thought we had to keep him otherwise the markets would crash. They don't look very good anyway.

[kapkomet]

Wow, so things that banks like get to pass on 50 votes.

 

 

I know, this country f***ing sucks.

[Cknolls]

How in the world are you coming up with that federal debt number? Are you counting everything the Fed has loaned out but then also giving the assets its taken back a value of zero?

 

 

The debt ceiling was raised by the Senate to 14.29tr. We will likely pass that by mid 2011.

[Cknolls]

How in the world are you coming up with that federal debt number? Are you counting everything the Fed has loaned out but then also giving the assets its taken back a value of zero?

 

 

The debt ceiling was raised by the Senate to 14.29tr. We will likely pass that by mid 2011.

[mr_genius]

Not sure if this has been posted yet

 

http://apnews.myway.com/article/20100128/D9DGO8O80.html

 

 

DEARBORN, Mich. (AP) - Ford Motor Co. made $2.7 billion in 2009, its first annual profit in four years.

 

The automaker on Thursday also forecast a full-year profit in 2010. Earlier it had only promised to be "solidly profitable" in 2011.

[southsider2k5]

Wow, so things that banks like get to pass on 50 votes.

 

Cloture vote was 73-23.

[Balta1701]

Cloture vote was 73-23.

But a couple Senators had holds on his nomination. That's enough to stop the TSA from having a head. And a couple hundred other nominees.

[southsider2k5]

But a couple Senators had holds on his nomination. That's enough to stop the TSA from having a head. And a couple hundred other nominees.

 

As I said before, they thought wiser of it when they tried to figure out who Obama could nominate instead of Bernanke.

[mr_genius]

I thought we had to keep him otherwise the markets would crash. They don't look very good anyway.

 

those are saved or crated DJIA points

[NorthSideSox72]

Advanced Q4 GDP reading announced - 5.7% growth, Q/Q. 4.7% was the concensus expectation. Futures markets indicate a big open in response.

 

[southsider2k5]

Is that negative 5.7% or dash 5.7%?

[Balta1701]

Advanced Q4 GDP reading announced - 5.7% growth, Q/Q. 4.7% was the concensus expectation. Futures markets indicate a big open in response.

I'm willing to take bets that when it's revised downwards in a month or two that it winds up below 4.7%.

[Y2HH]

I'm willing to take bets that when it's revised downwards in a month or two that it winds up below 4.7%.

 

I wouldn't take that bet.