This is where you can exchange some investment opinions and advice Posted on 10/14/2013 3:27:53 AM PDT by expat_panama
This is the Weekly Investment & Finance Thread (Oct 14 - Oct. 18 edition)----
Trying to focus on the markets for today and each day and the economic news
This is where you can exchange some investment opinions and advice
If you see another FR economic thread you like and want to link to it here, please do
Post your favorite economic site links. Your favorite economic blogs and precious metals blogs and sites
Ping list -- on or off let me know here or via freep-mail. If I missed you then Freep-mail me
I might ping you to other interesting economic threads a few times a week. One per day maybe
Sites that posters have recommended ------
Though this morning's stock futures may be slightly up, yesterday's drop in higher volume took us back. Wrap up;
Stocks End Win Streak As D.C. Moves Still DominateBy Dave Graham and Michael O'Boyle. MEXICO CITY | Tue Oct 15, 2013 5:16pm EDT. MEXICO CITY (Reuters) - Fiscal policy and politics risk undermining the efforts of central bankers to revive the global economy, top central bank officials warned on ...We've just had two big UK data releases - inflation and unemployment - which showed no dramatic improvement, but at least things aren't getting worse.
All the chattering classes are doing their best to talk down the markets, but it ain’t sticking.
You have to admire the American Businessman and Free Markets. Despite the efforts of the Marxists in Washington, they manage to survive, adapt, and prosper.
You mean the artificially pumped up stock market is going to fall on word that there is no deal to keep pumping fiat currency into the “economy”? This is rich....
Right now stock futures are soaring.
Still, two things have me addled. One is the way the Dow goes up in light trading and then falls with extremely active selling. It means most people expect and are working on a down turn. The other problem is that we're seeing the House cave on the budget battle and a return to normalcy. That means a continued collapse of the economy.
The article has it backwards: Central banks are blocking meaningful fiscal reform by juicing the economy.
They’re enablers.
Why are interest rates so low? I’m not wanting to argue with you. I enjoy your posts and comments, but really, do you think the Fed generated low interest rate environment isn’t juicing the economy?
What should have happened is that the banks, financial companies and investors who made bad bets took it in the shorts and savers and wise investors would move in, seeing value, and restart the economy. It would have been your typical “creative destruction”. The economy is made worse by Obama’s regulatory regime, but the Fed is abetting the runaway spending via ZIRP.
Why punish savers and the prudent? Interest rates would have gone up, attracting new money both domestic and foreign into our marketplace. Bargains would be snapped up and life would go on. It isn’t clear to me that the Fed’s intervention has made things better.
The debt ceiling debate would have been a whole lot different four years ago, it would have hobbled new government spending by Obama which has all been a misallocation of capital. With the Fed goosing the interest rate we can’t get there from here.
We’re in a credit depression that would have cleared quickly. Look at the very history you presented me. This is better?
OK.....WTheck is going on here????
http://www.infowars.com/chase-bank-limits-cash-withdrawals-bans-international-wire-transfers/
And if this is true, well then.....
Yesterday indexes hit new highs; supposedly all is well because traders have their government funding, re- (Buyers Return To Stock Market As Congress Achieves Budget Compromise, and Asian markets cheer US deal to avoid debt default), but this morning stock futures are off:
Shutdown fight makes eBay cautious on holiday outlook USA TODAY - 3:36am SAN FRANCISCO - EBay shares fell Wednesday after the e-commerce company reported third-quarter results that included a cautious forecast for the crucial holiday shopping season.
Greek union calls general strike for Nov 6 AP - Wed Oct 16, 1:37PM CDT ATHENS, Greece (AP) — Greece's largest labor union has called a new general strike for Nov. 6, warning that unemployment has reached "nightmare" levels and that working rights are continually being eroded by austerity measures. (full story)
btt
huh.
OK, so while before everything was ok but now the President’s been given unlimited spending power and our acct’s are frozen.
I need another cup of coffee...
I was reading about that Chase thing on here yesterday and I don’t think that’s any big deal. I think they are just trying to move people who use those services to a different type of business account.
"...We'll cancel any international transfers... ...you can't send domestic or international wire transfers from savings accounts... ...Thank you for choosing Chase. We look forward to serving all your financial needs. Sincerely..."
Good thing there is always a government job waiting for them. LOL
At least the Prez can’t take your property one day.
I see futures are going down more. I thought everybody would be rejoicing that our glorious government was back on the job.
Hopefully not, but we've been following a new trend that's been growing---
Living on $5,000 a year, on purpose: Meet America's 'intentional poor'
More than two decades ago, then-33-year-old Dan Price had a wife, two small children, a high-interest mortgage, and a stressful job as a photojournalist in Kentucky. He worried daily about money and the workaday grind.
“I told myself, ‘buck up and pay the bills,’” said Price. “This is just the way normal life is.”
Then he learned about what he calls “the simple life.”
---and this morning the wife and I were talking again about how we could cook in the fire place and I could put up a solar water heater. Lot's of people in this area that stay fat on the rice & beans growing on their front lawn. Amazing what's possible with a little effort and a good sense of humor...
yeah, going south...
We may all be headed for the “simple life”.
Well we have a credit down grade.
China Downgrades US Debt: Should Investors Care?
http://www.freerepublic.com/focus/bloggers/3080386/posts?page=1
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