Posts Tagged ‘stock market’
December 1, 2022
First and foremost, I apologize for any confusion with the efforts to get some money flow to Santa Mike at Marillac St. Vincent Family Services. I put in the wrong contact/email for Mike Sturch (mikees@sbcglobal.net). Mike has been raising money to feed the hungry, clothe the naked and educate the inner city youth in Chicago providing pre-school programs to raise the level of learning for those suffering at the lower rung of the socioeconomic ladder. Every dime goes to meet the needs and my friend Mike has been doing this for more than 50 years. Today’s inflation is situation is creating extra stress for those in need. Thanks for your indulgence.
On Wednesday, Jerome Powell spoke at Brookings and his speech, plus a strong Q&A session, was comforting enough for Wall Street that the FED would be moving to slow the pace of interest rate rises. THIS IS NOT A PIVOT BUT A POTENTIAL PAUSE. If the FED slows the pace of hikes while real interest rates on short-term money are still NEGATIVE, well then myriad asset classes are deemed investable.
Tags:asset prices, Claudia Sahm, Federal Reserve, Jerome Powell, labor economists, stock market
Posted in Fed | 11 Comments »
February 16, 2020
First, the news on the coronavirus continues to be buffeted by media outlets’ urge to be the first to report. The need for speed creates a rash of questionable stories that later get retracted or certainly get less sensational when context is added. When trading around this, I urge caution as opportunity knocks for those traders who can remain patient. There seems to be scientific interest in the failure of the VIRUS to have impacted children. While it is in the early stages of a potential pandemic, according to my source on all things infectious diseases, it is an outcome to watch in an effort to measure the potential impact.
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Tags:Coronavirus, emerging markets, European Union, Gold, Mexican peso, P/E ratios, stock market, tariffs
Posted in Emerging Markets, Europe, Gold, Mexican CB, United States | 15 Comments »
December 5, 2012
The world awaits a resolution from the fog of U.S. budget battles. The negotiating table was left in a further haze by Secretary Geithner’s comments. In no uncertain terms, the point man for the Obama administration made it “clear” that the White House will let the economy go over the proverbial cliff if tax rates are not increased on the nation’s wealthiest two percent. It is not a good negotiating tactic to back your opponent into a corner from which there is no escape. Immediately after the Geithner comments to CNBC’S Steve Liesman, legislative Republicans responded in a very negative fashion. If the negotiations are mere theater then let the economy feel the brunt of mandated austerity and the STOCK MARKET BE DAMNED. Best economic and budgetary policy cannot be made solely for the sake of saving the equity markets. Bad fiscal policy destroys wealth and jobs anyway so it may be better to push an economic downturn to finally get everybody focused on a genuine long-term reform.
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Tags:Bernanke, BOE, ECB, fiscal cliff, Germany, Graeme Wheeler, peripheral debt, RBNZ, stock market, Timothy Geithner
Posted in Central Banks, Fiscal Cliff | Leave a Comment »