Archive - Jan 2, 2013 - Blog entry
The Good, The Bad And The Ugly From The Fiscal Cliff Deal
Submitted by ilene on 01/02/2013 23:48 -0500This deal has made our debt problems worse.
Wednesday's Wild Start to 2013
Submitted by ilene on 01/02/2013 15:55 -0500We know we're going to get a knee-jerk rally as the shorts run for cover today...
What's the Hurry ? What's the Worry?
Submitted by Marc To Market on 01/02/2013 15:42 -0500
While elated that the full 3.5% US fiscal drag was avoided, many observers are understandably dissatisfied with the fiscal compromise that was struck.
Marianne Faithfull's song "What's the Hurry" may ironically offer some insight. She asked, "What's the panic, where's the static?" That seems to be the key. The fiscal cliff in the US was never about economics, but always about politics. The politicians had tied their own hands and lo and behold figured out a way to untie them.
Politicians, regardless of nationality or political persuasion, like the people they represent, are loath to make difficult decisions unless they are forced. The pressures that usually emanates from large deficits and debt is inflation and higher interest rates. These are not present in the US. Contrary to the claims of many economists, US interest rates remain low as does inflation.
Deal or No Deal... Nothing Was Fixed
Submitted by Phoenix Capital Research on 01/02/2013 14:50 -0500
In broad strokes, this is the official playbook for political leaders in the Western world. Facilitating this is the ongoing monetary easing by the global Central Banks who have collectively pumped $10 trillion into the system since the Great Crisis began. In simple terms, Central Banks provide the glue to hold the system together while politicians meet and negotiate without ever really solving anything.
All the Facts.....
Submitted by Bruce Krasting on 01/02/2013 14:35 -0500If you just want the facts, who can you trust?
Bank of England’s Chief of Financial Stability: Internet Technology Will Break Up Big Bank Monopoly
Submitted by George Washington on 01/02/2013 14:12 -0500- 8.5%
- Bank Failures
- Bank of America
- Bank of America
- Bank of England
- Bitcoin
- Central Banks
- Chris Whalen
- credit union
- Creditors
- Federal Reserve
- fixed
- Fractional Reserve Banking
- France
- Gambling
- goldman sachs
- Goldman Sachs
- Institutional Risk Analytics
- Insurance Companies
- Main Street
- Market Share
- Money Supply
- Morgan Stanley
- recovery
- Regional Banks
- Reuters
- Risk Management
- TARP
- Time Magazine
- Washington D.C.
Peer-to-Peer Lending and Crowd-Funding Have the Power to Change Finance
Back To The Future: Cruise Line Industry Skirted Fundamental Analysis For A 100% Gain, But Can A Miracle Happen Twice?
Submitted by Reggie Middleton on 01/02/2013 12:55 -0500
In May Of 2010, I published a series of reader contributions on the cruise line industry as well some proprietary research on a particular company in said industry - Royal Caribbean Cruise Lines. The consistent, globally synchronized flood of money totally distorted market pricing and risk in public equities - thus often distorted practically applicability of hard core fundamental and forensic research.
FiSCaL DeaTH RaCe 2013...
Submitted by williambanzai7 on 01/02/2013 12:11 -0500The Limerick King and Banzai7 look at the cliff farce and the road ahead...
