Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts

Saturday, August 22, 2015

One Of Obama's Few Economic Bragging Rights In Jeopardy?

One Of Obama's Few Economic Bragging Rights In Jeopardy?

August 22, 2015 000 , Buying Opportunity 0 Comments

DOW 5,000?!?


By Brett Arends, Aug 21, 2015 Market Watch

Don’t be surprised if stock markets stabilize or bounce back in the next couple of days. Markets are due at least a short-term rally after this week’s dramatic plunge. This usually happens after a sell-off, no matter what the next big move is going to be. It doesn’t mean anything.

But anyone who automatically assumes this is another easy “buying opportunity” is talking nonsense.

For the past couple of years, Wall Street’s perma-bulls have had it their way. They’ve been gloating openly as stocks went up and up and up, seemingly without pause.


It got to the point that those warning about valuations and danger signs had been mocked into silence — or were simply ignored.

Not now.

Read More: http://www.marketwatch.com

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Tuesday, June 9, 2015

What About Our Phony "Recovery"?

June 09, 2015 Associated Press , Wall Street 0 Comments
AP Analysis: More 'Phony Numbers' In Reports As Stocks Rise

By Associated Press, Jun. 8, 2015

NEW YORK (AP) -- Those record profits that companies are reporting may not be all they're cracked up to be.

As the stock market climbs ever higher, professional investors are warning that companies are presenting misleading versions of their results that ignore a wide variety of normal costs of running a business to make it seem like they're doing better than they really are.

What's worse, the financial analysts who are supposed to fight corporate spin are often playing along. Instead of challenging the companies, they're largely passing along the rosy numbers in reports recommending stocks to investors.

"Companies are tilting the results," says fund manager Tom Brown of Second Curve Capital, "and the analysts are buying it."

An analysis of results from 500 major companies by The Associated Press, based on data provided by S&P Capital IQ, a research firm, found that the gap between the "adjusted" profits that analysts cite and bottom-line earnings figures that companies are legally obliged to report, or net income, has widened dramatically over the past five years.

More: www.ap.org

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Monday, June 1, 2015

"excessive financialization"

June 01, 2015 Forbes , GDP 0 Comments
Wall Street Costs The Economy 2% Of GDP Each Year 

By Steve Denning, May 31, 2015, Forbes

“Wall Street is back,” says the New York Times, and the economic cost is high. The excessive financialization of the U.S. economy reduces GDP growth by 2% every year, according to a new study by International Monetary Fund. That’s a massive drag on the economy–some $320 billion per year. Wall Street has thus become, not just a moral problem with rampant illegality and outlandish compensation of executives and traders: Wall Street is a macro-economic problem of the first order.

How has this happened? Properly scaled, the financial sector is a good thing. The financial sector plays a healthy role in translating products and services into exchangeable financial instruments to facilitate trade in the real economy. Through deposits, banks channel citizens’ savings to businesses that can use them productively. Through mortgages, workers can trade their promise of future wages for a home. Through insurance, homeowners are able to share financial risks and avoid financial catastrophe.

Read the full story: www.forbes.com

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Truth="Hate mongering"

June 01, 2015 Amnesty , Ann Coulter 1 Comments
Ann Coulter: With Amnesty, Elites Conspire Against The Middle Class 

By Ann Coulter, May 31,2015, NYPost.com

Controversial firebrand Ann Coulter’s new book, “Adios, America,” argues that fettered immigration is destroying the country by driving down the salaries of the middle class while increasing their tax burden. And it’s the elites on both sides — right and left — who are making it happen. An excerpt:

This is “Goodbye,” America. Adios. Paalam Na. No further warning will be issued.

“Adios America” by Ann CoulterPhoto:

For 40 years, the people have tried to tell politicians they want less immigration, but the politicians won’t listen.

Every single elite group in America is aligned against the public — the media, ethnic activists, big campaign donors, Wall Street, multimillionaire farmers and liberal “churches.”

They all want mass immigration from the Third World to continue. Both political parties connive to grant illegal aliens citizenship and bring in millions more legally, and the media hide the evidence.

Their game plan is: Never allow an honest debate on immigration.

Only in the case of immigration is the public systematically lied to from every major news outlet. They tell us, for example:

Read the full story: www.nypost.com

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Saturday, December 6, 2014

Imagine if we had a pro-growth president

December 06, 2014 Economy , Financial Times 0 Comments
Party Like It's 1929, S&P Hits 49th Closing High

Fast FT, Dec. 5, 2014, Financial Times

The S&P 500 notched its 49th record closing high of the year on Friday, as the benchmark index climbed 0.2 per cent to 2,075.55. The gain takes the number of record closes above those set in 1929, fueled in part by a blow out payrolls report that far exceeded Wall Street expectations.

Read more: www.ft.com


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