coolhand
Well-known member
Logic would seem to indicate we might see some panic selling if Obamacare passes. I'm sick of the whole thing too. No pun intended.
http://www.cnbc.com/id/35950146
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coolhand's Account Talk
- Thread starter coolhand
- Start date
Logic would seem to indicate we might see some panic selling if Obamacare passes. I'm sick of the whole thing too. No pun intended.
http://www.cnbc.com/id/35950146
coolhand
Well-known member
"Investors want as little as possible out of Washington. To the extent that you have health care and the Dodd bill out there, there's nothing positive from an investor's standpoint," said Uri Landesman, head of global growth strategies at ING Investment Management in New York. "I can assure that investors want all these bills to fail."
coolhand
Well-known member
grandma
Well-known member
Golly, coolhand! I've watched the first part...
a lot we already knew because of technobucks' posting back in '05 on the book itself - I wonder if he ever drops in now & then?
But seeing/listening to the author certainly enhances & adds more information.
I hope to finish it this evening.
Snowed & iced in here this morning, can't even walk to the car safely.
- I hope Buster is doing well with his Hummer out there & the Fire Dept/city police, and, the OK State Patrol!!
a lot we already knew because of technobucks' posting back in '05 on the book itself - I wonder if he ever drops in now & then?
But seeing/listening to the author certainly enhances & adds more information.
I hope to finish it this evening.
Snowed & iced in here this morning, can't even walk to the car safely.
- I hope Buster is doing well with his Hummer out there & the Fire Dept/city police, and, the OK State Patrol!!
coolhand
Well-known member
Golly, coolhand! I've watched the first part...
a lot we already knew because of technobucks' posting back in '05 on the book itself - I wonder if he ever drops in now & then?
But seeing/listening to the author certainly enhances & adds more information.
I hope to finish it this evening.
Snowed & iced in here this morning, can't even walk to the car safely.
- I hope Buster is doing well with his Hummer out there & the Fire Dept/city police, and, the OK State Patrol!!
I haven't finished watching it either. I read the book several years ago, but I love to listen to the author give a dissertation every now and then to refresh my memory of it.
I get emails from teknobucks every day. We stay in touch.
grandma
Well-known member
He was always ready to help me - I hope he is doing well;
say hello for me...
- and you can tell him I am as ornery as ever !!.
Last edited:
Boghie
Well-known member
CH,
Too smart by half late last week. Figured that they wouldn't be able to pull the trigger on taxing me more for health care I will not - and, will never - receive. And, as you know now, that is saying something…
Broke and getting broker.
Tomorrow will be a joy.
I love Mondays.
Too smart by half late last week. Figured that they wouldn't be able to pull the trigger on taxing me more for health care I will not - and, will never - receive. And, as you know now, that is saying something…
Broke and getting broker.
Tomorrow will be a joy.
I love Mondays.
Handballer
Active member
Boghie
Well-known member
<Sarcasm Alert>
Oh, the market will definitely move!!!
Up or down, I just cannot fathom a guess.
Oldsters and safe investors must be waiting with joyous hearts for the dividend tax increase. It's coming in eight months.
I mean, investors must be elated with the coming 10% capital gains tax increase. It's coming in eight months.
And, we all are singing for new taxes and fees for someones medical insurance!!!
Geeze Handballer, you gotta know that one can never predict the market.
</Sarcasm Alert>
Oh, the market will definitely move!!!
Up or down, I just cannot fathom a guess.
Oldsters and safe investors must be waiting with joyous hearts for the dividend tax increase. It's coming in eight months.
I mean, investors must be elated with the coming 10% capital gains tax increase. It's coming in eight months.
And, we all are singing for new taxes and fees for someones medical insurance!!!
Geeze Handballer, you gotta know that one can never predict the market.
</Sarcasm Alert>
coolhand
Well-known member
http://www.bloomberg.com/apps/news?pid=20601087&sid=aYUeBnitz7nU
Moody’s Warning
While Treasuries backed by the full faith and credit of the government typically yield less than corporate debt, the relationship has flipped as Moody’s Investors Service predicts the U.S. will spend more on debt service as a percentage of revenue this year than any other top-rated country except the U.K. America will use about 7 percent of taxes for debt payments in 2010 and almost 11 percent in 2013, moving “substantially” closer to losing its AAA rating, Moody’s said last week.
“Those economies have been caught in a crisis while they are highly leveraged,” said Pierre Cailleteau, the managing director of sovereign risk at Moody’s in London. “They have to make the required adjustment to stabilize markets without choking off growth.”
Moody’s Warning
While Treasuries backed by the full faith and credit of the government typically yield less than corporate debt, the relationship has flipped as Moody’s Investors Service predicts the U.S. will spend more on debt service as a percentage of revenue this year than any other top-rated country except the U.K. America will use about 7 percent of taxes for debt payments in 2010 and almost 11 percent in 2013, moving “substantially” closer to losing its AAA rating, Moody’s said last week.
“Those economies have been caught in a crisis while they are highly leveraged,” said Pierre Cailleteau, the managing director of sovereign risk at Moody’s in London. “They have to make the required adjustment to stabilize markets without choking off growth.”
coolhand
Well-known member
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aVYxPZ56vjys
Modifications are “clearly not working well and it’s not a surprise,” said Sam Khater, a senior economist at First American CoreLogic in Tysons Corner, Virginia. “It’s pointless to rewrite these loans because they’re underwater.”
Modifications are “clearly not working well and it’s not a surprise,” said Sam Khater, a senior economist at First American CoreLogic in Tysons Corner, Virginia. “It’s pointless to rewrite these loans because they’re underwater.”
coolhand
Well-known member
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=av2ggP4Q6RYo
“Sovereign debt worries have replaced the banking crisis as the main worry for investors,” said Moorad Choudhry, an economics professor at London Metropolitan University and the author of “Structured Credit Products: Credit Derivatives and Synthetic Securitization.” “Even though the main focus isn’t U.S. sovereign debt worries, the U.S. budget deficit is an issue and it is going to be growing as the recently signed health-care bill will add to it.”
“Sovereign debt worries have replaced the banking crisis as the main worry for investors,” said Moorad Choudhry, an economics professor at London Metropolitan University and the author of “Structured Credit Products: Credit Derivatives and Synthetic Securitization.” “Even though the main focus isn’t U.S. sovereign debt worries, the U.S. budget deficit is an issue and it is going to be growing as the recently signed health-care bill will add to it.”
coolhand
Well-known member
http://www.businessinsider.com/surp...ends-a-12-trillion-quantitative-easing-2010-3
Apparently, it is not a good idea to hold a bond auction a week before the Fed ends its $1.2 trillion quantitative easing program. The continuing debt crisis in Greece has many investors asking if the next shoe to fall will be on American soil. Some analysts suggested that the buyer's strike was the result of the health care bill which passed on Sunday, paving the way for larger and longer deficits.
Apparently, it is not a good idea to hold a bond auction a week before the Fed ends its $1.2 trillion quantitative easing program. The continuing debt crisis in Greece has many investors asking if the next shoe to fall will be on American soil. Some analysts suggested that the buyer's strike was the result of the health care bill which passed on Sunday, paving the way for larger and longer deficits.
coolhand
Well-known member
http://www.realclearpolitics.com/ar...eflect_the_true_cost_of_obamacare_104913.html
Democrats wary of voting for the health care bill may have been soothed by the Congressional Budget Office's report that it would reduce federal deficits over the next 10 years. But bond buyers know that the Democrats gamed the CBO system to get a good score.
The realities, as former CBO Director Douglas Holtz-Eakin pointed out in The New York Times, are different. The real cost is disguised by the fact that the bill includes 10 years of revenue but only six years of spending. It includes $70 billion in premiums for long-term care that will have to be paid out later. It excludes $114 billion in discretionary spending needed to run the program. It includes nearly half a trillion dollars in unrealistic Medicare savings.
Holtz-Eakins's bottom line: The bill will not lower deficits, but will raise them by $562 billion over 10 years. Treasury will have to borrow that money -- and probably pay much higher interest than it's paying now.
Moreover, once the bill is fully in effect, the Cato Institute's Alan Reynolds points out, its expenses are likely to grow at least 7 percent a year -- significantly faster than revenues. At that rate, spending doubles every 10 years.
No wonder that Moody's declared last week that the Treasury is "substantially" closer to losing its AAA bond rating.
It's not only the federal government that is heading toward insolvency. State governments will have to spend more under the health care bill -- $735 million in Tennessee alone, according to Democratic Gov. Phil Bredesen.
Democrats wary of voting for the health care bill may have been soothed by the Congressional Budget Office's report that it would reduce federal deficits over the next 10 years. But bond buyers know that the Democrats gamed the CBO system to get a good score.
The realities, as former CBO Director Douglas Holtz-Eakin pointed out in The New York Times, are different. The real cost is disguised by the fact that the bill includes 10 years of revenue but only six years of spending. It includes $70 billion in premiums for long-term care that will have to be paid out later. It excludes $114 billion in discretionary spending needed to run the program. It includes nearly half a trillion dollars in unrealistic Medicare savings.
Holtz-Eakins's bottom line: The bill will not lower deficits, but will raise them by $562 billion over 10 years. Treasury will have to borrow that money -- and probably pay much higher interest than it's paying now.
Moreover, once the bill is fully in effect, the Cato Institute's Alan Reynolds points out, its expenses are likely to grow at least 7 percent a year -- significantly faster than revenues. At that rate, spending doubles every 10 years.
No wonder that Moody's declared last week that the Treasury is "substantially" closer to losing its AAA bond rating.
It's not only the federal government that is heading toward insolvency. State governments will have to spend more under the health care bill -- $735 million in Tennessee alone, according to Democratic Gov. Phil Bredesen.
coolhand
Well-known member
http://www.bloomberg.com/apps/news?pid=20601087&sid=anW3hAG0Zw5k
March 26 (Bloomberg) -- JPMorgan Chase & Co., Lehman Brothers Holdings Inc. and UBS AG were among more than a dozen Wall Street firms involved in a conspiracy to pay below-market interest rates to U.S. state and local governments on investments, according to documents filed in a U.S. Justice Department criminal antitrust case.
I wonder if Barclays is involved in this conspiracy. If so, they could have been misleading the TSP board into acceptimg all of their proposals without questions asked.
March 26 (Bloomberg) -- JPMorgan Chase & Co., Lehman Brothers Holdings Inc. and UBS AG were among more than a dozen Wall Street firms involved in a conspiracy to pay below-market interest rates to U.S. state and local governments on investments, according to documents filed in a U.S. Justice Department criminal antitrust case.
I wonder if Barclays is involved in this conspiracy. If so, they could have been misleading the TSP board into acceptimg all of their proposals without questions asked.
nasa1974
Moderator
Could be one reason why Barclays almost couldn't cover the large I fund buy and sell in late 2007 that led to our now 2 IFT's a month.
I had that in mind. If anyone else can offer additional input it would be quite interesting.
