Peter Thiel : Slow impoverishment’ happening in USA…

By: admin
Published: October 21st, 2014

WE ARE OUT OF TIME ….DUH!

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)
VN:F [1.9.22_1171]
Rating: 0 (from 0 votes)

‘Plunge protection’ behind market’s sudden recovery

By: admin
Published: October 21st, 2014

From NYP

Mysterious forces were trying their best, but they couldn’t keep the stock market from swooning Wednesday.

They failed in the morning, despite massive purchases of stock index futures contracts. Within minutes of the market’s opening, the Dow Jones industrial average was down 350 points. Later in the day — after a lot of shocking ebb and flow — the Dow bottomed out with a decline of 460 points.

It was only in the last hour of trading that the market saviors managed to trim the Dow loss to just 173 points. And they succeeded only after Janet Yellen’s private, upbeat remarks about the economy were leaked.

Welcome to a new kind of stock market — one that the average investor should refuse to be invested in.

Anyone whose investments tightly track the major indices is now losing money since the beginning of 2014. The Dow is down 1.1 percent on the year, with the S&P and Nasdaq up 3 percent for 2014.

Just for the record, I’ve been telling you for years that the stock market was in a bubble and that you should enjoy it while it lasts because bubbles always pop.

Of course, if you could time the end of the bubble, you’d be doing quite well. Miss the end and you are back to where you started. Or worse off in terms of confidence and finances.

Read the rest here

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)
VN:F [1.9.22_1171]
Rating: 0 (from 0 votes)
More on this topic (What's this?)
Stock Market Dow The Contrarian Play
Dow Dogs Outperforming Dow And S&P 500 Indices
Why Stock Prices Will Continue to Fall
Read more on Dow Jones Industrial Average (DJI) at Wikinvest

All the Markets Need Is $200 Billion a Quarter From the Central Bankers

By: admin
Published: October 21st, 2014

From Bloomberg

The central-bank put lives on.

Policy makers deny its existence, yet investors still reckon that whenever stocks and other risk assets take a tumble, the authorities will be there with calming words or economic stimulus to ensure the losses are limited.

A put option gives investors the right to sell their asset at a set price so the theory goes that central banks will ultimately provide a floor for falling asset markets to ensure they don’t take economies down with them.

Read the rest here

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)
VN:F [1.9.22_1171]
Rating: 0 (from 0 votes)

Shake it Off: Obama Version

By: admin
Published: October 20th, 2014

VN:F [1.9.22_1171]
Rating: 5.0/5 (1 vote cast)
VN:F [1.9.22_1171]
Rating: +1 (from 1 vote)

Why America (and the rest of the world) Should Help West Africa Fight the EBOLA Epidemic

By: admin
Published: October 16th, 2014

No, not because of white guilt, but because we are human beings

By the way we should also quarantine and restrict travel in and out of West Africa for the time being, until we get the epidemic under control.

Fighting Ebola Outbreak Street by Street

Here is The World Health Organisation report on EBOLA in West Africa published on October 15, 2014

Who Ebola 15 Oct 2014

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)
VN:F [1.9.22_1171]
Rating: 0 (from 0 votes)

Santelli Debates a Few Stubborn Dumbasses….

By: admin
Published: July 14th, 2014

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)
VN:F [1.9.22_1171]
Rating: 0 (from 0 votes)

Links 05-08-2014

By: admin
Published: May 8th, 2014

Coins That Go Clunk -

Fifty years ago, U.S. silver coins disappeared from circulation, symbolizing a profound shift in the behavior of the government with respect to money.

Profit Is Indispensable for Prosperity

You don’t get economic growth without investment. Capital comes from savings and profits. Period. Every tax and regulation that hurt the creation of capital and punish the rewards of successful risk-taking hurt everyone–but most particularly those with the least, who want, as Lincoln put it, to improve their lot in life. It’s not enough to invent something great. You have to have an environment in which entrepreneurs can turn inventions into marketplace products that become increasingly better, cheaper and more accessible to all.

Henry Ford didn’t invent the automobile. But through constant experimentation and two painful bankruptcies he turned what had been a toy for tinkerers and the rich (a car in the early 1900s cost the equivalent of more than $100,000 today) into something every working person could afford. Steve Jobs and Michael Dell did the same with personal computers. If you had tried to build an iPhone in the early 1990s, the cost would have been more than $3.5 million.

Venezuela to Ration Electricity After Colombia Cuts Gas

Shortages of everything from water to car parts and flour to pregnancy tests come after three months of protests against the government of President Nicolas Maduro that have left at least 41 people dead. The government yesterday said it will start rationing electricity and water as drought drains hydroelectric reservoirs and water tanks.

Report: Pentagon Paid $150 Per Gallon for Green Jet Fuel

GAO report notes exorbitant prices act as de facto subsidy for biofuel firms

Mac Faber: I’m Worried About A Crisis Bigger Than 2008

Regulating Away the American Dream

In the USA, it’s OK to fail and fail and try again. In most of Europe and much of the world, the attitude is: You had your shot, you failed, and now you should just go work for someone else.

But this limits the possibilities. And some of America’s biggest successes came from people who failed often.

We know that Thomas Edison invented the light bulb, but few people know that Edison filed 1,000 patents for ideas that went nowhere. He was fired by the telegraph office. He lost money investing in a cement company and an iron business.

Henry Ford’s first company failed completely. Dr. Seuss’s first book was rejected by 27 publishers. Oprah was fired from her first job as a reporter. A TV station called her “unfit for TV.”

But they all kept striving—and succeeded. They were lucky to live in America, where investors and your neighbors encourage you to try and try again. We are lucky to benefit from their persistence.

But those happy experiments are less likely to happen today. Now there are many more rules, and regulators add hundreds of pages of new ones every week.

 Anonymous Message to Barack Obama: Do You See What We See?

123456

Fed Chair Unsure If Capitalism or Oligarchy Describes the U.S.

“Are we still a capitalist democracy or have we gone over into an oligarchic form of society in which incredible economic and political power now rests with the billionaire class?” Sen. Bernie Sanders, a Vermont socialist, asked that question of Federal Reserve Chair Janet Yellen at a hearing on Capitol Hill Wednesday.

Yellen said she’d “prefer not to give labels,” but she admitted to being very concerned about income inequality.

“So, all of the statistics on inequality that you’ve cited are ones that greatly concern me, and I think for the same reason that you’re concerned about them. They can shape the — determine the ability of different groups to participate equally in the democracy and have grave effects on social stability over time.

Fed Chair: ‘Deficits Will Rise to Unsustainable Levels’

Federal Reserve Chairman Janet Yellen, referencing the Congressional Budget Office’s long-term budget projections, told the Joint Economic Committee of Congress today that under current policies the federal government’s deficits “will rise to unsustainable levels.”

In the 10-year budget projections it released in April, the CBO estimated that the federal government will run $7.618 trillion in deficits from 2015 through 2024. At the same time, the CBO projected that the federal government’s debt held by the public would rise from $11.983 trillion at the end of fiscal 2013 to $20.947 trillion by the end of 2024.

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)
VN:F [1.9.22_1171]
Rating: 0 (from 0 votes)

Recent Entries

Recent Comments

Social Network









the Cynical Economist at Blogged
Wikio - Top Blogs
Share Add to Technorati Favorites http://www.wikio.com TopOfBlogs