Posts Tagged ‘Stock Markets’

“Financial Ruin: A Republican Legacy!”

The right continues to push U.S. into a deep financial abyss!

Holding Republicans responsible for the damage they’ve caused over the past three decades should be our first priority. And the damage is unprecedented.

The mid-term elections and the rise of the Tea Party has again changed the political landscape so it is even more imperative that the American people start paying attention to the reasons we’re in this incredible mess and why we’re sliding back into recession.

In the second article in the Republican Crises Series, “Financial Crisis: Made in America by Republicans,” eleven different events that have caused pain and suffering for the American people are listed.

Have Republican policies ruined America?

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Posted in Economy, HuffPost Articles, Politics, Republican Crises | Comments Off

“SuperCommittee? Or SuperFluous?”

Congressional leaders selected 12 members to the new Super Committee!

A committee of eleven men and one woman have been chosen to fix the deficit; a deficit that was set in motion 30 years ago.

They begin work this week, charged with the daunting task — given the current partisanship in Congress — of reversing the spiraling deficit. They already have many obstacles to overcome.

Others have introduced proposals to rein in congressional spending, but each has been rejected for varying reasons.

Can this group find success when others have failed?

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Posted in Budget, Economy, Election 2012, HuffPost Articles, Politics, Rebalancing America | Comments Off

“Debt, Deficit, and Deceit”

New article has been posted on The Huffington Post, on 7/19/11. Click on link to read article on Huff Post.

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Holding the debt ceiling hostage is a huge political mistake.

The debt limit and budget deficit are separate issues and should be dealt with separately.

This debt limit is the ghost of Congresses past. The budget and reducing the deficit is the ghost of Congresses future. But, reality is firmly entrenched in the present.

Reasonable legislators understand the immediacy of raising the debt ceiling and the potential ramifications of failing to do so.

It has been raised without question 10 times since 2000, eight times under George Bush. Though there is no clear history from a previous default, economic and business leaders around the world are warning of catastrophic implications in failing to do so.

If this is even remotely possible, why are Republicans holding the debt ceiling hostage?

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Posted in Congress, Economy, HuffPost Articles, Politics, Republican Crises, UnAmerican | 2 Comments »

“Who’ll Be the Next In Line?”

“Who’ll be the next in line…Who’ll be the next in line for heartache?”

The melodic Kinks tune should be the Republican theme song for the 2012 election as prospective candidates fall like flies. So who’s next?

Over the last year or so the Republicans have had no less than 20 presidential hopefuls with aspirations to the highest office in the country. A revolving door of right-wing pols offering hours of comedic relief, none of which has escaped notice of the punditry and, with any luck, the American people.

For a long time Republicans have followed an orderly ascendancy to the Presidential nomination, but the Tea Party has disrupted that long standing tradition. And the possible outcome’s unsettling to the party.

Since I wrote the last installment in my “Is That All You’ve Got?” series, in early March, new dynamics have emerged.

The Republican Party is in disarray, searching for a direction, unsure of what their party stands for.

Could it become any more inane?

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Posted in Election 2012, Is That All You've Got?, Politics, Republican Hopefuls | Comments Off

“Closed!”

On April 8th the Government of the U.S. may close it’s doors…

…defaulting on its obligations and plunging an already fragile global economy into chaos!

As the two political parties battle, one blinded by ideology and motivated by greed, the other insufferably timid, the nation holds its breath.

Republicans want to kill the country and still pay the doctors. Democrats want to continue trying to resuscitate it after the Bush Administration killed it.

The disruptive faction of the Republican party—Tea Party newcomers—are adamant that Republicans stick to the $61 billion in Republican proposed spending cuts; reductions that will ultimately weaken the U.S. economy.

Democrats, on the other hand, claim to be for more responsible cuts; reductions that won’t hurt those that need assistance most and not slow or destroy the recovery.

Which side is virtuous in this struggle?

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Posted in Economy, Politics, Republican Crises | Comments Off

“Hiding America’s ‘Real’ Economy!”

This article is available on The Huffington Post and was posted at 5:00 pm on January 20. Click on link to view on the Huff Post.

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America’s economy seems to be recovering but is that the ‘real’ story?

Some fourth quarter economic indicators—retail sales, manufacturing, stock market, corporate profits—portend a rising economy significant enough to avoid another slide to the bottom.

The optimism on Wall Street is palpable as the stock market continues to rise, or melt up as they now say, a result of the positive indicators over recent months. And the heightened exuberance the consumers showed this holiday season was also a positive sign. Manufacturing has been rising for the last several months which is seen as paramount to an improving economy.

The stock market is on its way back to its peak, due, in part, to record corporate profits.

The market is considered a forward looking indicator, and the private sector seems poised to stand on its own and no longer require the extreme measures it needed from the Federal Government.

So what could possibly go wrong and who would even whisper that things weren’t getting better?

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Posted in Economy, HuffPost Articles, Wall Street | Comments Off

“A Half-Fast Bill and Premature Evacuation!”

Powerful Financial Regulation would be good for all Americans!

The Senate passed their version of financial regulation, (S.3217) ‘The Restoring American Financial Stability Act of 2010.’ It now moves to conference to be melded with the House Bill, (HR4173) officially called ‘The Wall Street Reform and Consumer Protection Act of 2009,’ which passed the House 223-202.

Majority Leader, Harry Reid, with the help of Democrats and a few Republicans, in a moment of premature evacuation brought a half-fast piece of legislation to the floor without addressing or revisiting some of the most important amendments up for consideration.

Despite passing with a vote of 59 to 39, the Bill is weak and falls far short of its potential of fixing a messed up banking system, economy, the gambling on derivatives, and the Federal Reserve. Several amendments were added to strengthen the bill, but some of the most important failed to pass or were not brought up for vote. And there is little hope that it will get fixed in Conference.

Conferencing of the Bill will be conducted by Senators Shelby, Chambliss, Lincoln and Representative Barney Frank and a few others. But is it salvageable?

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Posted in Finance, Wall Street | 5 Comments »

“Surrounded by Warning Signs!”

Could the stock market still feel the pain of a double dip?

The market had a huge scare last week which left Wall Street reeling!

Traders, analysts, and everyone on Wall Street are worried that this might not just be a glitch. They’re calling it a “flash crash” but it could be one of the many warning signs that the market is just two converging economic crises from a meteoric fall to a new bottom?

The new bottom—a more realistic bottom given all the band aids that have been applied to this economy—could be the second leg of the double dip. There is compelling evidence, largely ignored, that the March low of 6,547 could be tested again.

Despite the rising markets there has been a pall over the trading floors for sometime. And rightly so. The signs are there and they are many.

But does that indicate a double dip?

Last Thursday, David Hefty, CEO of Cornerstone Wealth Management appeared on Squawk On the Street and identified several of the huge warning signs that threaten the global markets.

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Posted in Economy, Markets, Wall Street | 1 Comment »

“One Fat Finger From Disaster!”

Living in a scary over-leveraged, under-capitalized global economy!

As everyone is well aware, on Thursday afternoon, panic struck like a lightning bolt on the trading floors of the stock markets.

Twenty minutes of feverish chaos exposed the vulnerability of the markets. World markets have embraced a model that teeters on tremendous risk. So much so that it has abandoned its purpose; its reason for existence. This leaves them vulnerable to the terrifying moves that occurred globally on Thursday.

Like the Big Banks, the markets have become giant casinos putting everyone’s money and financial stability at risk. That couldn’t have been more apparent than the meteoric fall near the end of the trading day on Thursday.

Some blame a ‘fat finger,’—a trader hitting a ‘b’ for billion instead of a ‘m’ for million—for triggering the events that sent markets spiraling to investment hell. But that wasn’t the only problem the market encountered in that brief, illuminating moment in time.

Human error could conceivably be at the center of Thursday’s sell-off, but technology could prove to be the market’s nemesis rather than its friend. Orders set in motion by high speed, market gaming, computers sent the market tumbling at a record pace as each triggered event triggered another round of events. The two, individually or together, may be the nexus for the eventual destruction of global markets. For whatever reason stocks went on that wild ride, it created a lot of excitement on the trading floors.

So what do investors do after such a frightening occurrence?

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Posted in Economy, Markets, Wall Street | Comments Off

“Break ‘em Up!”

There are many reasons why we need to break up the behemoths of finance!

The taxpayers saved their affluent asses. The Big Banks, along with their highly compensated executives, were headed over the cliff with nothing to stop their fall, and we bailed them out!

Break ’em Up!

Congress, in a panic, saw fit to give taxpayer dollars to the self-destructive creators of the financial crisis to prevent a catastrophic meltdown of the U.S. economy, without even asking us.

We’re told over and over that TARP was successful, that Congress’ decisive actions saved the economy and that we should be eternally grateful. We’re reminded that the Big Banks are again stable. They’re back to making billions of dollars—and the economy is improving.

For whom?

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Posted in Banking, Economy, Too Big to Bail | Comments Off