Archive - Mar 6, 2013 - Blog entry
When $40 Billion Isn't Enough or, Pray for the Retail Investor
Submitted by clokey on 03/06/2013 23:42 -0500As Mark Grant so poignantly reminded us yesterday, the Fed is printing $188 million per hour. That is the cost of Dow 14,000 -- that is the price we pay to see Jim Cramer and company consecrate the new bull market via impromptu CNBC specials. This hourly rate is of course implied by the $85 billion of assets the Fed now buys each and every month.
Sequestration: Last Minute Stopgap Budget
Submitted by Burkhardt on 03/06/2013 20:06 -0500The United Stated economy is hanging on tight in preparation for the looming apocalypse that is the fiscal cliff. Just feet from the edge and a decision was made to… You guessed it, push back the deadlines. You know that progress is weak when the U.S. Government keeps coming to the conclusion that the best decision is to remain in a state of indecision.
AND NoW FoR A BRieF DRoNe MeSSaGe FRoM ERiC HoLDeR...
Submitted by williambanzai7 on 03/06/2013 20:03 -0500I'm a Drone Man II...
Markets Quietly Higher
Submitted by David Fry on 03/06/2013 18:46 -0500Markets reacted without much conviction either way and for the most part took a break even as POMO was fully operational. One sector leading markets higher were financials, which we profiled in today ina short video highlighting SDPR Financial ETF (XLF). As premium subscribers know, we’ve been pretty active in XLF and are looking to add to our existing positions.
The Government Has It Bass-Ackwards: Failing To Prosecute Criminal Fraud by the Big Banks Is Killing – NOT Saving – the Economy
Submitted by George Washington on 03/06/2013 18:02 -0500Failure to Prosecute Fraud Causes Economic Downturns
Dow Hits New High, 59% of Americans Think The Economy Is In A Recession
Submitted by testosteronepit on 03/06/2013 12:44 -0500Kitchen-table reality polluted the scene
HeRe'S THe PooP...
Submitted by williambanzai7 on 03/06/2013 11:59 -0500We don't make this shit up!
Three Unorthodox Views
Submitted by Marc To Market on 03/06/2013 08:40 -0500Here a three views that are outside the consensus.
