|
Post by John Winston Lennon O'Boogie on Jan 29, 2016 6:49:15 GMT -5
These countries can't keep on Jump Starting the economy. The USA will be next with a $250.00 Rebate check to all.. JMHO
|
|
|
Post by John Winston Lennon O'Boogie on Jan 29, 2016 8:01:47 GMT -5
Cracks in America's economy are growing by Patrick Gillespie @cnnmoney January 29, 2016: 5:12 AM ET America's economy hit the brakes during the holidays. Some recent economic data even raises fears that we might be heading towards a possible U.S. recession in 2016. Big banks like Morgan Stanley (MS) estimate there's a 20% chance of recession this year. On Friday, the government will release data that show how the U.S. economy fared in the last three months of the year. Many experts forecast that the U.S. economy barely grew -- about 1% or less -- between October and December of 2015 compared to a year ago. Even the Federal Reserve admitted Wednesday that the economy "slowed" at the end of last year. On Thursday, the bad news continued. A key sign of confidence is orders for new products and equipment -- known as "durable goods" -- placed by companies to power their business. Orders for durable goods fell 5% between November and December, according to the Commerce Department. That was a lot below expectations that orders would be flat. It shows that some companies are delaying or deciding not to purchase any new piece of equipment they need. The news on durable goods caused Barclays (BCS) to lower its GDP forecast to 0.4% on Thursday. Capital Economics, a research firm, admitted the new data posed risks "firmly to the downside" for its estimate of 1%. Here are 3 more warning signs that the U.S. economy is heading in the wrong direction: 1. Americans are not spending much U.S. economic growth depends on shoppers. Consumer spending makes up two-thirds of the nation's economic engine. Yet they're sending mixed signals: U.S. retail sales declined a bit in December and they were negative or flat seven times last year. Consumer confidence has wavered too. It peaked at 98% in January 2015 but has since drifted down in general. Consumer confidence is currently 93%. While it's a lot better than what it was just a few years ago, any downward movement is still a cause for concern. 2. U.S. manufacturing already in recession American factories are suffering from the global economic slowdown. Manufacturing makes up 10% of the U.S. economy, according to Morgan Stanley. The key ISM manufacturing index has declined for six straight months, and its been negative -- below 50% -- for the last two months. The strong dollar is making products manufactured in the U.S. more expensive overseas, lowering demand for American made goods. The slowdown in emerging market economies isn't helping trade either. 3. Corporate America is hurting Earnings season isn't over yet but one thing is clear: American companies are making less money than a year ago. Put together, when America's biggest companies -- and employers -- suffer, the economy follows suit. The S&P 500 -- the benchmark for U.S. stocks -- is down 7% so far in January. Apple, the nation's biggest company by market size, just announced record profits with a gloomy outlook ahead. It believes iPhone sales will decline in the first quarter of this year for the first time in 13 years. Apple CEO Tim Cook expressed serious caution about the global economy. When a major American CEO raises the warning flag that's not good for the U.S. economy. "We're seeing extreme conditions unlike anything we have experienced before just about everywhere we look," Cook said Tuesday. CNNMoney (New York) First published January 28, 2016: 3:56 PM ET money.cnn.com/2016/01/28/news/economy/cracks-in-the-us-economy/index.html?section=money_topstories
|
|
|
Post by John Winston Lennon O'Boogie on Jan 29, 2016 8:06:41 GMT -5
Al and his boys could be right.. Something big is going to happen... SoOn.. JMHO
|
|
|
Post by vulcanized crawler on Jan 29, 2016 8:53:27 GMT -5
soon huh? let me look up what ''soon'' actually means: Funk and Wagnalls Unabridged Dictionary defines "SOON" as irrelevant, immaterial & incompetent... "Soon" does not imply any particular date, time, decade, century, or millennia in the past, present, and certainly not the future. "Soon" shall make no contract or warranty between the space time continuium and the end user. "Soon" will arrive some day. Soon does guarantee that "soon" will be here before the end of time.... Maybe. Do not make plans based on "soon" as Funk and Wagnalls will not be liable for any misuse, use, or even casual glancing at "soon". ''Soon'' could be sooner than one expects or in fact, very soon.
|
|
|
Post by John Winston Lennon O'Boogie on Jan 29, 2016 10:40:52 GMT -5
Currency wars: Will Europe return Japanese fire? by Jim Boulden @cnnmoneyinvest January 29, 2016: 10:07 AM ET Japan has just fired the latest salvo in a global currency war and Europe may have to respond. The Bank of Japan stunned markets Friday by introducing negative interest rates. It wants to get inflation and growth moving by penalizing people for saving money, but the move also has the effect of further depressing the yen. Europe, which is battling stagnation in its own economy, can ill afford to see the euro gain in value against other major currencies. That could make European exports more expensive, while reducing the cost of imports at a time when the European Central Bank is trying to stoke inflation. "Let battle commence," noted BNP Paribas economist Ken Wattret. Negative interest rates in Japan would "increase the already high likelihood" of the ECB taking its rates even deeper into negative territory, he said. Japan has now joined a negative interest rate club that includes Germany (and the rest of the eurozone), and Switzerland -- dubbed the "Three Musketeers" by Societe Generale strategist Kit Juckes. The message to consumers is clear: Stop saving, start spending. "Whether it works or not matters less than the fact the deflationary forces in the global economy are so entrenched that these central banks feel the need to set off on this path at all," he wrote. Markets clearly expect ECB President Mario Draghi to act again when the central bank next meets in March. Yields on German government two-year bonds fell to a new record low of nearly minus 0.50% on Friday. And a tick up in inflation in January to 0.4%, from 0.2% in December, is unlikely to deter Draghi. Core inflation -- stripping out highly volatile oil prices -- has barely budged since last July, and there are some signs already that European activity is being hurt by global economic uncertainty and market turmoil. IHS Chief Economist Howard Archer said the ECB would also be concerned about a sharp drop in bank lending to companies in December. "We expect the ECB to trim its discount rate by a further 10 basis points to minus 0.4% at its March meeting, and believe it could very well step up its monthly purchase of assets," he wrote. At its January meeting, the ECB kept interest rates unchanged, as expected, and said it would continue to buy government bonds and other assets at a rate of 60 billion euros ($65 billion) a month. But Draghi said the ECB may have to reconsider at its March meeting, adding: "There are no limits to how far we're willing to deploy our instruments." CNNMoney (London) First published January 29, 2016: 7:46 AM ET money.cnn.com/2016/01/29/investing/japan-negative-rates-europe-currency-war/index.html?section=money_topstories
|
|
|
Post by portrush on Jan 29, 2016 11:02:32 GMT -5
Mike Gleason: That leads me right into my next question here. About a year ago you and Elizabeth Ames co-wrote the book titled Money: How the Destruction of the Dollar Threatens the Global Economy and What We Can Do About It. You proposed a modified gold standard… and I’ll quote here, and then I’d like to get your comments. "The twenty-first century gold standard would fix the dollar to gold at a particular price. The Federal Reserve would use its tools, primarily open market operations, to keep the value of the dollar tied at that rate of gold." What would be the main benefits of such a reform? And also I’m curious why you stopped short of calling for an end to the Fed all together and a return to true free markets when it comes to gold and the rate of interest? Steve Forbes: In terms of the role of the Federal Reserve, I think you’ve got to take one step at a time. One of the fears is that if you didn’t have the Fed you get a panic, which happens for whatever reason every few years, the thing would spin out of control. I think the key thing now is to get the dollar fixed in value, which we propose in that book, whether it’s a thousand dollars an ounce or eleven hundred dollars an ounce. I think the best way to understand this is to imagine what would happen if the Federal Reserve was in charge of the time bureau, and the Fed decides to float the clock, sixty minutes to an hour one day, thirty-five minutes the day after, ninety minutes the day after that. Everyone would know that if you had a fluctuating clock, if your timepieces couldn’t keep accurate time, life would be chaotic. The same is true of money when it has a floating value. If you had the floating clock, imagine baking a cake. It says bake the batter thirty minutes. Is that inflation adjusted minutes, nominal minutes, a New York minute, a Mexican minute? Gold is the best way to fix that value. The only role for the Fed, at least for now, would be to keep that fixed value and then deal decisively with the occasional panic, just as the British showed us a hundred and fifty years ago. If you have a panic where banks need the temporary liquidity, they go to the Fed with their collateral, borrow the money at above market interest rate, and then, as the crisis recedes, they quickly pay it back and it’s done. So the Fed’s role could almost be done by summer interns if they knew what they were doing, so it would not be the monster that it is today where the Fed tries to dictate where credit goes, what happens to the economy, etc. It’s really bizarre and destructive. Mike Gleason: As we begin to close here, what do you think it’s going to take for gold and silver to become a mainstream asset class again? For example, will it be China or Russia backing its currency with precious metals because the devaluation has gone too far too fast? Something like that? What are your thoughts there as we wrap up? Steve Forbes: Well I think if they see precious metals for what their historic role has been, we have gold-based, gold-backed money today. Remember, gold is a ruler. Because it’s got that fixed value, it makes sure that the politicians don’t muck around with the integrity of the U.S. dollar. We had a gold standard from the 1790s right through the 1970s, a hundred and eighty years, and it worked very well. We had the most phenomenal growth of any country in the history of the world. Since then we’ve had more financial crises, more dangerous banking crises, lower economic growth, and we see the stagnation that we have today. So maybe the Russians will get it, maybe the Chinese will get it, but the reason we have this book Reviving America, is to help activist citizens have the tools they need to push and get integrity back to the U.S. dollar, get rid of this horrific tax code, and get patients in charge of healthcare again. We do those things and you’ll see the American economy will roar off like a rocket. You should have your gold as that insurance policy and life will be good again. www.againstcronycapitalism.org/2016/01/steve-forbes-speaks-out-on-the-presidential-race-fed-recklessness-and-gold/
|
|
|
Post by John Winston Lennon O'Boogie on Jan 29, 2016 11:24:31 GMT -5
|
|
|
Post by raidermike99 on Jan 29, 2016 12:16:35 GMT -5
Couldn't agree more
|
|
|
Post by marbearcat on Jan 29, 2016 23:37:33 GMT -5
Al and his boys could be right.. Something big is going to happen... SoOn.. JMHO And this has what to do with cmkx? >"<
|
|
|
Post by marbearcat on Jan 29, 2016 23:39:00 GMT -5
Don't hold your breath guys. The Fed is going nowhere The world's financial health isn't going to die. yeesh I would agree with the part about the Fed not going anywhere, but the worlds financial health isn't that great and is just waiting to explode, primarily due to the central banks policy. I guess my point was that all these excuses about the financial world collapsing before anything come to shareholders is utterly ridiculous. >"<
|
|
|
Post by John Winston Lennon O'Boogie on Jan 30, 2016 10:25:39 GMT -5
Al and his boys could be right.. Something big is going to happen... SoOn.. JMHO And this has what to do with cmkx?>"< Some seem to have gotten into CMKX to late to understand what is going on here. If you are a late comer, please try your hardest to open your eyes wide... Look around you.. Look at what was done and what is being done.. Main views is Oil and Gas. Steve K. Views from the past you will have to look up.. There are way too many to list here.. Doors are still open for more then one reason.. Some reasons have past and one reason is in the future and being worked on as we speak. I believe all is one and one is all.. Your Question Cat was...? JMHO
|
|
|
Post by imSINGLEruRICH on Feb 2, 2016 13:56:53 GMT -5
troutback Diamond Finder Post by troutback on Jan 31, 2016 at 12:43pm
Anyone think our trust was put in 10 year treasuries? Hadn't thought of that myself
guruaphobia Avatar guruaphobia DIAMOND JEDI *** about an hour ago Quote likePost Options The April date is logical if funds were actually collected and put into trust in March 2006.
10 Yr T Bills would be maturing in less than 30 days if that is the case.
I do believe it has to end at some point soon, April is as good as any date to hope for IMO.
Maya Avatar Maya DIAMOND JEDI WARLORD ***** about an hour ago Quote likePost Options nada999999 said: bingo123 said:Why April? It seems like just another made up acca date.
Nobody said April specifically. Me thinks we are closing into Door No:1 . I do not think its dependent on the court case in March. imho
We optimists like next week(Feb 1-7).Hugggssss,HH,Maya and Rocketman Re:
"Door # 1 = February
"Door # 2 = March
"Door # 3 = April
|
|
|
Post by marbearcat on Feb 2, 2016 15:26:41 GMT -5
troutback Diamond Finder Post by troutback on Jan 31, 2016 at 12:43pm Anyone think our trust was put in 10 year treasuries? Hadn't thought of that myselfguruaphobia Avatar guruaphobia DIAMOND JEDI *** about an hour ago Quote likePost Options The April date is logical if funds were actually collected and put into trust in March 2006.
10 Yr T Bills would be maturing in less than 30 days if that is the case.
I do believe it has to end at some point soon, April is as good as any date to hope for IMO.
Maya Avatar Maya DIAMOND JEDI WARLORD ***** about an hour ago Quote likePost Options nada999999 said: bingo123 said:Why April? It seems like just another made up acca date.
Nobody said April specifically. Me thinks we are closing into Door No:1 . I do not think its dependent on the court case in March. imho
We optimists like next week(Feb 1-7).Hugggssss,HH,Maya and Rocketman Re:
"Door # 1 = February
"Door # 2 = March
"Door # 3 = April If any of this were true, those in control would have no reason NOT to tell us that we have a ten year wait prior to getting funds. >"<
|
|
|
Post by portrush on Feb 2, 2016 15:45:16 GMT -5
If any of this were true, those in control would have no reason NOT to tell us that we have a ten year wait prior to getting funds. >"< Not necessarily. Remember there is a criminal trial ongoing. Any detail that adds any fuel for the defendants wouldn't knowingly be volunteered, would it? pr
|
|
|
Post by John Winston Lennon O'Boogie on Feb 2, 2016 16:07:49 GMT -5
Hey Cat, you helped fund Gates.. Ask him why he won't release any information until after the trail..
|
|