Economic News

[Elgallo]

I guess they feel that spending the SS$ and leaving IOU's, along with allowing all the good WELL PAYING jobs to exit the US, had absolutly no bearing what so ever on the existing situation!!

 

[Fivetears]

Economic Calendar for Week of October 9, 2006

Monday
Oct 09 HOLIDAY

Tuesday
Oct 10 12:00 AM Treasury Budget - http://www.fms.treas.gov/mts/index.html.
Oct 10 10:00 AM Wholesale Inventories

Wednesday
Oct 11 10:30 AM Crude Inventories
Oct 11 2:00 PM FOMC Minutes

Thursday
Oct 12 8:30 AM Initial Jobless Claims - http://www.dol.gov/opa/media/press/eta/main.htm.
Oct 12 8:30 AM Trade Balance - http://www.census.gov/foreign-trade/www/press.html.
Oct 12 2:00 PM Fed's Beige Book

Friday
Oct 13 8:30 AM Export Prices ex-ag. - http://www.census.gov/foreign-trade/www/press.html.
Oct 13 8:30 AM Import Prices ex-oil - http://www.census.gov/foreign-trade/www/press.html.
Oct 13 8:30 AM Retail Sales -
Oct 13 9:50 AM Mich Sentiment-Preliminary.
Oct 13 10:00 AM Business Inventories

 

[robo]

Dollar rallied Friday and Bonds went down! Will we get more of the same next week? The CNBC crew keep shouting Goldilocks Economy. Does it feel like a Goldilocks Economy to you. Maybe it is, but I'm still not sure.





The Inflation of Expectations
by John Mauldin


This week we had two more Federal Reserve members repeat what has become the theme for their chorus, but not one the market seems to be paying much attention to. It should be. The market believes the Fed will soon start to cut rates, perhaps as early as first quarter of next year. It is not altogether clear that this will be the case.

http://www.safehaven.com/article-6038.htm

Bernanke Has It Right

Bernanke spoke to the Economics Club of Washington. There was no mention of helicopters, but he used the stage to highlight what is the #1 economic problem facing this country, which both parties are ignoring in the political season. Much easier to focus on sex scandals than on the real scandal that is a true threat to our economic well-being.

What scandal? The willingness of Congress to ignore the coming crisis in Social Security and Medicare funding. "Reform of our unsustainable entitlement programs" should be a priority. "The imperative to undertake reform earlier rather than later is great." Let's look at a few quotes (you can read the very clear speech at

http://www.federalreserve.gov/boarddocs/speeches/2006/20061004/default.htm

 

[mayday]

Our fearless leaders on capital hill do not have the guts to legislate on social security to cut benefits would be suicide for their political careers. Staying in office is more important than tackeling real issues. Whats another trillion $ in the hole.

 

[Show-me]

Simple, to the point, and true.

Our fearless leaders on capital hill do not have the guts to legislate on social security to cut benefits would be suicide for their political careers. Staying in office is more important than tackeling real issues. Whats another trillion $ in the hole.

 

[nnuut]

Hey Boys and girls, if we can afford to have a war we can afford to take care of our old folks, I think!! If not it's revolution time, don't mess with us hippies!! Were old but were bad! :nuts: :nuts: :nuts:

 

[Oldcoin]

http://news.yahoo.com/s/nm/20061011/bs_nm/economy_fed_minutes_dc_1

WASHINGTON (Reuters) - U.S.

Federal Reserve policy-makers remained "quite concerned" about inflation risks when they met in September, but decided to keep rates on hold for a second straight time while renewing their commitment to ratcheting down inflation pressures

 

[Oldcoin]

Fed's Poole says inflation risk fading

http://today.reuters.com/news/artic...&src=101306_1224_INVESTING_comment_n_analysis

 

[ebbnflow]

MONDAY, OCTOBER 9, 2006

Last Woman Standing

By JONATHAN R. LAING

...As regulators turned the heat up on the sex industry, Parasol diversified into online gambling in 1997. Her venture, Starluck Casino (now PartyGaming), was strictly small potatoes until she teamed up with a bright young Indian computer programmer, Anurag Dikshit, who devised the software for online poker players to join remotely in games involving literally thousands of other players. Internet poker exploded in popularity, creating a tidal wave of demand that the company has ridden ever since. Click here to read article.

Anurag Dikshit is the father of Internet poker gambling? :cheesy:

 

[ebbnflow]

Bush signs anti-Internet gambling law

By Robert Schroeder, MarketWatch
Last Update: 1:58 PM ET Oct 13, 2006

WASHINGTON (MarketWatch) -- President Bush signed a law on Friday banning U.S.-based banks or credit card companies from processing payments for Internet gambling activities that are illegal in the United States. Click here to read article.

And just when I was ready to go Internet sports gambling with Detroit, New Orleans, Seattle, Washington and the Jets. Anyways, this bill should be good for the economy, stopping or slowing down billions of dollars from migrating overseas.

 

[Gaetaone]

Included in the law is a ban on the F Fund..... Okay, it should be.....

 

[fabijo]

Anurag Dikshit is the father of Internet poker gambling? :cheesy:

:laugh: :laugh: :laugh:

 

[nnuut]

Included in the law is a ban on the F Fund..... Okay, it should be.....

Explain that please! Ok, I hate it tooooo!

 

[Oldcoin]

Finally, Greenspan can speak his mind

http://www.msnbc.msn.com/id/15428994/

 

[SkyPilot]

Anurag Dikshit ? :nuts: :nuts: :nuts: :nuts:

 

[nnuut]

Finally, Greenspan can speak his mind

http://www.msnbc.msn.com/id/15428994/

I like the WALL idea!:nuts: :nuts:

 

[vic]

I"m not sure the wall is the right thing. We need to control the border better. Not to keep the mexicans out but drugs and poeple that want to do us harm. The Mexicans just want to work and better their lot in life. Nothing wrong with that. we just have to find a better solution then swimming across the Rio Grande.The wall reminds me of East Berlin. We are much better then that.

 

[Oldcoin]

I don’t think the wall will work. They’ll be so many tunnels under it the thing will collapse.

I have to agree with Vic, the only way to stem the tide of illegals is to fix Mexico. Those people don’t want to leave there families and friends, they just want jobs. I’d be scrambling over the fence to come to the U.S. too, this place is great!

 

[nnuut]

The Berlin Wall was made to keep people in, not keep them out! How about the Great Wall of China, it worked for them?

 

[Oldcoin]

U.S. Data Fluke Exaggerated Growth, Will Be Reversed (Update1)

http://www.bloomberg.com/apps/news?pid=20601087&sid=ad2YPx3XGEW4&refer=home

Not good news, economy may be slowing even quicker than expected.