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Economic News
- Thread starter Spaf
- Start date
Monday might not look so good at open, don't ya think? AAAAHHHHHhhhhhhhhhhhhhhhhhh>>>>>>>SPLAT!
Oldcoin
Member
Monday Nov 13 2006 03:25:00 EST
(RTTNews) - Inflation is remaining a pre-dominant concern of economists, analysts, market participants as well as the common man. The Fed officials have invariably expressed discomfort at inflation overshooting their comfort zone. Nonetheless, we have also had opinions in the past that the Fed is not behind the inflation curve. Any discussions on the probability of the Fed lowering rates hinges around how the inflationary forces are likely to play out in the future.
http://new.quote.com/news/story.action?id=RTT611130325000185
(RTTNews) - Inflation is remaining a pre-dominant concern of economists, analysts, market participants as well as the common man. The Fed officials have invariably expressed discomfort at inflation overshooting their comfort zone. Nonetheless, we have also had opinions in the past that the Fed is not behind the inflation curve. Any discussions on the probability of the Fed lowering rates hinges around how the inflationary forces are likely to play out in the future.
http://new.quote.com/news/story.action?id=RTT611130325000185
robo
Well-known member
November 20, 2006
Challenge to Congress
by Martin Weiss
Money and Markets
With the housing bubble now unraveling before your eyes ...
With deepening concern for the millions Americans of my generation nearing retirement ...
And in the spirit of Thanksgiving, Veterans Day, plus every national holiday that honors America ...
I present ...
My Challenge to the
Democratic Congress
Democrats in Congress, I challenge you to do something that neither you nor your Republican counterparts have ever done before:
To reveal the truth about the housing bubble -- how it was created by the reckless interest-rate policy of the U.S. Federal Reserve and why more of the same won't fix it.
To reveal the truth about corporate pensions and post-retirement benefits -- now in the red to the tune of $1.5 trillion, ten times more than it cost to bail out the S&Ls in the 1980s.
To reveal the truth about Medicare -- with a looming deficit of $32.1 trillion, over two hundred times larger than the S&L fiasco.
To recognize the real cause of the trade deficit disaster, the worst of any country at any time in history. And ...
To cope realistically with each of these dangers, without digging us deeper into debt and without debasing the dollar.
http://www.safehaven.com/article-6348.htm
Challenge to Congress
by Martin Weiss
Money and Markets
With the housing bubble now unraveling before your eyes ...
With deepening concern for the millions Americans of my generation nearing retirement ...
And in the spirit of Thanksgiving, Veterans Day, plus every national holiday that honors America ...
I present ...
My Challenge to the
Democratic Congress
Democrats in Congress, I challenge you to do something that neither you nor your Republican counterparts have ever done before:
To reveal the truth about the housing bubble -- how it was created by the reckless interest-rate policy of the U.S. Federal Reserve and why more of the same won't fix it.
To reveal the truth about corporate pensions and post-retirement benefits -- now in the red to the tune of $1.5 trillion, ten times more than it cost to bail out the S&Ls in the 1980s.
To reveal the truth about Medicare -- with a looming deficit of $32.1 trillion, over two hundred times larger than the S&L fiasco.
To recognize the real cause of the trade deficit disaster, the worst of any country at any time in history. And ...
To cope realistically with each of these dangers, without digging us deeper into debt and without debasing the dollar.
http://www.safehaven.com/article-6348.htm
CountryBoy
Well-known member
Not sure if this is the right place to post this, if not Mods, feel free to Nuke or move.
A few comments from the Nov. 6, 2006 issue of the Journal of Commerce (JOC). Since it’s a subscriber/password type website, I thought I’d post some of the more interesting/pertinent comments from this guy.
Nariman Behravesh
Chief Global Economist and Exec VP of Global Insight
His comments from JOC 17th Annual Breakbulk Conference New Orleans.
- World economy very, very favorable in the coming years, inflation still benign.
- Predicts dollar will decline against major world currencies thru 2008.
- Depreciate 15% against the Euro reaching an exchange rate of $1.50 to the Euro by 2008.
- China will allow the yuan appreciate 3 to 4 % against the $ for the next several years.
- Other Asian countries will follow China’s lead and allow their currency to appreciate also.
- US economy will slow, but no recession quote “The consumption momentum is slowing, but household balance sheets are good” unquote.
Go I Fund.
CB
A few comments from the Nov. 6, 2006 issue of the Journal of Commerce (JOC). Since it’s a subscriber/password type website, I thought I’d post some of the more interesting/pertinent comments from this guy.
Nariman Behravesh
Chief Global Economist and Exec VP of Global Insight
His comments from JOC 17th Annual Breakbulk Conference New Orleans.
- World economy very, very favorable in the coming years, inflation still benign.
- Predicts dollar will decline against major world currencies thru 2008.
- Depreciate 15% against the Euro reaching an exchange rate of $1.50 to the Euro by 2008.
- China will allow the yuan appreciate 3 to 4 % against the $ for the next several years.
- Other Asian countries will follow China’s lead and allow their currency to appreciate also.
- US economy will slow, but no recession quote “The consumption momentum is slowing, but household balance sheets are good” unquote.
Go I Fund.
CB
Oldcoin
Member
http://www.marketwatch.com/tools/marketsummary/calendars/economic.asp?x=0&siteid=mktw&dist=
Economic Calendar for this week.
Economic Calendar for this week.
Oldcoin
Member
Durable orders fall 8.3%, most in six years
Core capital equipment orders fall 5.1%, first decline in six months
http://www.marketwatch.com/news/sto...{331CE925-511C-4EAE-A9A5-11E74E7E195B}&siteId
This will put negative pressure on the market today. I don’t think Greenspud has as much influence on the market these days and I expect Bernuckel to spout the same hard line inflation talk as in the past.
Core capital equipment orders fall 5.1%, first decline in six months
http://www.marketwatch.com/news/sto...{331CE925-511C-4EAE-A9A5-11E74E7E195B}&siteId
This will put negative pressure on the market today. I don’t think Greenspud has as much influence on the market these days and I expect Bernuckel to spout the same hard line inflation talk as in the past.
Oldcoin
Member
NEW YORK (MarketWatch) - Treasury gains lightened Tuesday morning, putting less pressure on yields, after news of an unexpected increase in existing home sales last month, which subtracted from the view that the housing sector is undergoing significant deterioration.
http://www.marketwatch.com/News/Sto...FCA-42C45FB3527D}&siteid=myyahoo&dist=myyahoo
Some good news to help with the bounce.
http://www.marketwatch.com/News/Sto...FCA-42C45FB3527D}&siteid=myyahoo&dist=myyahoo
Some good news to help with the bounce.
nnuut
Moderator | TSP Legend
Bernanke: Inflation still a threat
Fed chief says 'uncomfortably high' core inflation likely to moderate, but that risks still remain.
November 28 2006: 12:45 PM EST
WASHINGTON (Reuters) -- The U.S. economy is poised to expand at a moderate rate and "uncomfortably high" core inflation should slow, but inflation risks are "primarily to the upside," Federal Reserve Chairman Ben Bernanke said Tuesday.
"Over the next year or so, the economy appears likely to expand at a moderate rate, close to or modestly below the economy's long-run sustainable pace," he said in remarks prepared for delivery to the National Italian American Foundation in New York.
http://money.cnn.com/news/specials/eyes_on_fed/ "Core inflation is expected to slow gradually from its recent level," he added. Still, he added, "the risks to the [inflation] forecast seem primarily to the upside."
"Given the current level of inflation, a failure of inflation to moderate as expected would be especially troublesome," Bernanke said.
The Fed distributed the text of Bernanke's remarks to reporters in Washington. Bernanke is not expected to answer questions after speaking.
http://money.cnn.com/2006/11/28/news/economy/bernanke.reut/index.htm?postversion=2006112812
Fed chief says 'uncomfortably high' core inflation likely to moderate, but that risks still remain.
November 28 2006: 12:45 PM EST
WASHINGTON (Reuters) -- The U.S. economy is poised to expand at a moderate rate and "uncomfortably high" core inflation should slow, but inflation risks are "primarily to the upside," Federal Reserve Chairman Ben Bernanke said Tuesday.
"Over the next year or so, the economy appears likely to expand at a moderate rate, close to or modestly below the economy's long-run sustainable pace," he said in remarks prepared for delivery to the National Italian American Foundation in New York.
http://money.cnn.com/news/specials/eyes_on_fed/ "Core inflation is expected to slow gradually from its recent level," he added. Still, he added, "the risks to the [inflation] forecast seem primarily to the upside."
"Given the current level of inflation, a failure of inflation to moderate as expected would be especially troublesome," Bernanke said.
The Fed distributed the text of Bernanke's remarks to reporters in Washington. Bernanke is not expected to answer questions after speaking.
http://money.cnn.com/2006/11/28/news/economy/bernanke.reut/index.htm?postversion=2006112812
ebbnflow
Ebbchart
Race disparities persist in incomes, education and home ownership
WASHINGTON New Census Bureau data show racial disparities in income, education and home ownership persist and, by some measurements, are growing.
White households had incomes that were two-thirds higher than blacks and 40 percent higher than Hispanics last year. White adults were also more likely than black and Hispanic adults to have college degrees and to own their own homes. They were less likely to live in poverty.
But Asian Americans, on average, have higher incomes and education levels than whites. However, they also have higher poverty rates and lower home ownership rates.
The Census Bureau data comes from a new annual survey of three (m) million households nationwide. The Associated Press compared the figures with census data from 1980, 1990 and 2000.
Copyright 2006 Associated Press.
WASHINGTON New Census Bureau data show racial disparities in income, education and home ownership persist and, by some measurements, are growing.
White households had incomes that were two-thirds higher than blacks and 40 percent higher than Hispanics last year. White adults were also more likely than black and Hispanic adults to have college degrees and to own their own homes. They were less likely to live in poverty.
But Asian Americans, on average, have higher incomes and education levels than whites. However, they also have higher poverty rates and lower home ownership rates.
The Census Bureau data comes from a new annual survey of three (m) million households nationwide. The Associated Press compared the figures with census data from 1980, 1990 and 2000.
Copyright 2006 Associated Press.
ebbnflow
Ebbchart
Forgot to post the URL, the whole article paints a more complete picture on:
http://www.cbsnews.com/stories/2006/11/14/national/main2179601.shtml
http://www.cbsnews.com/stories/2006/11/14/national/main2179601.shtml
350zCommTech
Well-known member
It's recession time or getting close to it.
qibovin
Member
I noticed the repeated use of the word "household" in these statistics. I'd be curious to see someone go back to the raw data (actually the information may not even have been collected in this PC-in(+/-s)ane world) and compare the incomes of white, black and hispanic individuals. Though, unfortunately, there probably remains a gap there as well, I doubt that it is nearly so profound considering the large percentage of dual-income couples skewing the white and asian data up more than the others due to the well-documented higher percentages of single parent households among "minorities." Of course one would expect to see Asian households (who are very culturally anti-divorce) to be around twice that of black households with among the highest single-parent rates. This portion of this "racial gap" is a result of personal decisions (usually paternal abandonment) with no imposition from a prejudiced society. (Unless you consider the governmental imposition of the single-parenthood incentive of our current welfare system.) The remainder of the gap (individual incomes) has likely improved considerably over time.
That's not to say that there's no need or room for improvement. But, HOW, as Hilary Shelton of the NAACP suggests, is pouring more money into secular humanist propaganda in preschool and public schools going to improve this? I don't see the connection. IMHO.
Jobs and data set stocks' year-end course
Although the barrage of economic data could cause some apprehension, analysts say it is likely that the stock market will add to its gains in December as investors begin positioning themselves for the new year and a possible cut in interest rates. The main thing that Wall Street is looking for from the economic numbers is what the impact on earnings is going to be and what the impact on demand is going to be. The Santa Claus rally could come around the last week of Christmas. It's much more liquidity driven, with the amount of money coming in at the end of the year.
http://news.yahoo.com/s/nm/20061203/bs_nm/column_stocks_outlook_dc_1
Although the barrage of economic data could cause some apprehension, analysts say it is likely that the stock market will add to its gains in December as investors begin positioning themselves for the new year and a possible cut in interest rates. The main thing that Wall Street is looking for from the economic numbers is what the impact on earnings is going to be and what the impact on demand is going to be. The Santa Claus rally could come around the last week of Christmas. It's much more liquidity driven, with the amount of money coming in at the end of the year.
http://news.yahoo.com/s/nm/20061203/bs_nm/column_stocks_outlook_dc_1
Oldcoin
Member
http://biz.yahoo.com/c/ec/200649.html
The Employment Report
Importance (A-F): This release merits an A.
Source: Bureau of Labor Statistics, U.S. Department of Labor.
Release Time: First Friday of the month at 8:30 ET for the prior month
Of the economic releases this week it looks like the employment report is the most important. Although Crude Inventories could have a significant impact.
The Employment Report
Importance (A-F): This release merits an A.
Source: Bureau of Labor Statistics, U.S. Department of Labor.
Release Time: First Friday of the month at 8:30 ET for the prior month
Of the economic releases this week it looks like the employment report is the most important. Although Crude Inventories could have a significant impact.
Oldcoin
Member
http://new.quote.com/news/story.action?id=RTT612041100001327
Pending Home Sales Slip In October
Monday Dec 04 2006 11:00:00 EST
(RTTNews) - Industry data released Monday showed that the number of pending home sales declined in October. This kept the measure within a narrow range, indicating possible stabilization in the housing sector.
Todays market surprised me, but the above article on housing is an indication of a soft landing.
Crude report is due out tomorrow and crude is down significantly today. Is it sell the rumor or buy the news?
Pending Home Sales Slip In October
Monday Dec 04 2006 11:00:00 EST
(RTTNews) - Industry data released Monday showed that the number of pending home sales declined in October. This kept the measure within a narrow range, indicating possible stabilization in the housing sector.
Todays market surprised me, but the above article on housing is an indication of a soft landing.
Crude report is due out tomorrow and crude is down significantly today. Is it sell the rumor or buy the news?
Oldcoin
Member
CURRENCIES
Dollar falls vs. euro after Trichet comments
European Central Bank lifts key rate to 3.5% from 3.25%
http://www.marketwatch.com/News/Sto...73A-5F28F5363F75}&siteid=myyahoo&dist=myyahoo
This should be positive for the I Fund today. Some negative pressure on U.S. Stocks. Let's see how long it takes them to shake it off.
Dollar falls vs. euro after Trichet comments
European Central Bank lifts key rate to 3.5% from 3.25%
http://www.marketwatch.com/News/Sto...73A-5F28F5363F75}&siteid=myyahoo&dist=myyahoo
This should be positive for the I Fund today. Some negative pressure on U.S. Stocks. Let's see how long it takes them to shake it off.
Oldcoin
Member
http://biz.yahoo.com/c/ec/200650.html
Here is the economic calendar for next week. The Retail Sales comes out on Tuesday and is considered important. These are for November should reflect Black Friday; this will give the market an indication of how holiday shopping started out. Also, of importance are the reports that come out on Friday; Industrial Production and CPI.
Here is the economic calendar for next week. The Retail Sales comes out on Tuesday and is considered important. These are for November should reflect Black Friday; this will give the market an indication of how holiday shopping started out. Also, of importance are the reports that come out on Friday; Industrial Production and CPI.
Wall St analysts see slower US growth, tamer prices
WASHINGTON - U.S. economic growth will slow and inflation will ease in 2007, with energy prices and a falling dollar posing the biggest risks to a pick-up in prices, a panel of Wall Street analysts forecast on Monday. The U.S. economy is likely to grow at a 2.5 percent annual rate next year, the analysts said. The slowdown in housing markets remains the most significant drag on economic growth, and while residential real estate has yet to recover, the most intense phase of the downturn is past, the analysts said in their report on the outlook for 2007. Meanwhile, business investment and consumer spending, along with lower energy costs, should sustain steady growth, but at a slower pace than the 3.3 percent growth expected for 2006. Against this backdrop, the Federal Reserve will hold benchmark interest rates steady at 5.25 percent before lowering them by a quarter-percentage point once some time in late 2007, said the group, which is drawn from securities industry and bond market firms.
http://yahoo.reuters.com/news/artic...2-11_20-30-28_N11221132&type=comktNews&rpc=44
WASHINGTON - U.S. economic growth will slow and inflation will ease in 2007, with energy prices and a falling dollar posing the biggest risks to a pick-up in prices, a panel of Wall Street analysts forecast on Monday. The U.S. economy is likely to grow at a 2.5 percent annual rate next year, the analysts said. The slowdown in housing markets remains the most significant drag on economic growth, and while residential real estate has yet to recover, the most intense phase of the downturn is past, the analysts said in their report on the outlook for 2007. Meanwhile, business investment and consumer spending, along with lower energy costs, should sustain steady growth, but at a slower pace than the 3.3 percent growth expected for 2006. Against this backdrop, the Federal Reserve will hold benchmark interest rates steady at 5.25 percent before lowering them by a quarter-percentage point once some time in late 2007, said the group, which is drawn from securities industry and bond market firms.
http://yahoo.reuters.com/news/artic...2-11_20-30-28_N11221132&type=comktNews&rpc=44
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