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nasa1974's Account Talk
- Thread starter nasa1974
- Start date
Obama's deficit plans run into economic reality
Obama pushing long-term deficit plans while public still looks for short-term economic gains
Julie Pace, Associated Press, On Friday April 22, 2011, 7:50 am EDT
LOS ANGELES (AP) -- President Barack Obama headed west to sell his big picture deficit-reduction plan. But many people are waiting for a quick fix to their own economic problems caused chiefly by persistent unemployment and the crippled housing market.
Audiences in California and Nevada understood why it's important to get a handle on the deficit over the long term. Yet they made clear that the economic recovery hasn't fully taken hold in ways that are meaningful to them.
http://finance.yahoo.com/news/Obama...69.html?x=0&sec=topStories&pos=1&asset=&ccode=
This is almost to weird to be true.
AIG Tries to Sell Death-Bet Securities
by Leslie Scism Friday, April 22, 2011
"American International Group Inc. (NYSE: AIG - News) in recent weeks has sought to rally support among investors and credit-ratings firms for a controversial deal: the sale of securities backed by insurance policies on the lives of older people.
There have been few offerings of these types of securities, which critics have called "death bonds," "blood pools" and "collateralized death obligations" because they pay off when the insured dies. And AIG's effort so far isn't panning out. Standard & Poor's recently declined to provide a rating, an essential step in selling such securities to most investors.
AIG's push highlights the giant insurer's outsize role as an investor in the market, known as life settlements—a role that has largely gone unnoticed..."
http://finance.yahoo.com/banking-bu...udgeting &sec=topStories&pos=9&asset=&ccode=
AIG Tries to Sell Death-Bet Securities
by Leslie Scism Friday, April 22, 2011
"American International Group Inc. (NYSE: AIG - News) in recent weeks has sought to rally support among investors and credit-ratings firms for a controversial deal: the sale of securities backed by insurance policies on the lives of older people.
There have been few offerings of these types of securities, which critics have called "death bonds," "blood pools" and "collateralized death obligations" because they pay off when the insured dies. And AIG's effort so far isn't panning out. Standard & Poor's recently declined to provide a rating, an essential step in selling such securities to most investors.
AIG's push highlights the giant insurer's outsize role as an investor in the market, known as life settlements—a role that has largely gone unnoticed..."
http://finance.yahoo.com/banking-bu...udgeting &sec=topStories&pos=9&asset=&ccode=
This one is for you Birch. Enjoy!!
Sponsored by
“Lost Decade” for Bulls Was Even Worse for the Perma-Bears"
By Aaron Task | Daily Ticker – 1 hour 16 minutes ago
"Even with the big rally since March 2009, it's been a tough decade for long-term buy and hold investors. But it's been even worse for the perma-bears, judging by the performance of so-called bear funds.
For the 10 years ended March 30, the average bear fund lost an average of 10% annually, the worst-performing strategy among the 90 tracked by Morningstar. Bear funds have also been the worst-performing group in the past 5 years, with an average annual decline of 13%..."
http://finance.yahoo.com/blogs/dail...130357.html?sec=topStories&pos=4&asset=&ccode=
Sponsored by“Lost Decade” for Bulls Was Even Worse for the Perma-Bears"
By Aaron Task | Daily Ticker – 1 hour 16 minutes ago
"Even with the big rally since March 2009, it's been a tough decade for long-term buy and hold investors. But it's been even worse for the perma-bears, judging by the performance of so-called bear funds.
For the 10 years ended March 30, the average bear fund lost an average of 10% annually, the worst-performing strategy among the 90 tracked by Morningstar. Bear funds have also been the worst-performing group in the past 5 years, with an average annual decline of 13%..."
http://finance.yahoo.com/blogs/dail...130357.html?sec=topStories&pos=4&asset=&ccode=
Sponsored byOil Bulls Have Reason to Rejoice: Cordier
By Morgan Korn | Breakout – 3 hours ago
"Memorial Day is just weeks away, and the unofficial start of summer means higher prices not just for consumers at the pump but investors as well. As crude oil continues its march upward, prices could top $120 or $125 a barrel, according to Breakout guest Jim Cordier, president and founder of the Tampa, Florida-based Liberty Trading Group. Cordier, who's been trading commodities for 24 years, told Breakout Host Jeff Macke that oil and gasoline prices skyrocket every year just before the U.S. summer driving season begins..."
Part of this article also talks about natural gas.
"Can money be made in natural gas, the so-called near-term solution for a clean energy future? Highly doubtful, says Cordier. A few years ago natural gas was breaking new ground, trading near $7 and $8 British Thermal Units, but money quickly left the commodity once the Commodities Futures Trading Commission decided to curb the number of new ETFs entering the natural gas market..."
http://finance.yahoo.com/blogs/brea...856179.html?sec=topStories&pos=6&asset=&ccode=
Maybe the Commodities Futures Trading Commission should curb the number of ETF's on oil and we can get the price of gasoline back down to under $2.00 a gallon. Yeah right!!!
WOO! HOO!
GovernmentExecutive.com
Spending bill funds NASA mission to the moon
By Julia Edwards National Journal April 22, 2011
"Among the budget cuts that President Obama had to agree to in order to avert a government shutdown, Republicans re-gifted him one that he willingly made long ago: $3.8 billion to further NASA's space explorations..."
http://www.govexec.com/story_page.cfm?articleid=47655&oref=todaysnews
GovernmentExecutive.com
Spending bill funds NASA mission to the moon
By Julia Edwards National Journal April 22, 2011
"Among the budget cuts that President Obama had to agree to in order to avert a government shutdown, Republicans re-gifted him one that he willingly made long ago: $3.8 billion to further NASA's space explorations..."
http://www.govexec.com/story_page.cfm?articleid=47655&oref=todaysnews
Somebody want to offer me a buyout! 
GovernmentExecutive.com
Air Force to survey some civilian employees on buyouts
By Kellie Lunney klunney@govexec.com April 22, 2011
"Air Force Materiel Command will survey its civilian workforce starting next month to gauge interest in potential buyouts. Beginning May 1, the command, headquartered at Wright-Patterson Air Force Base in Ohio, will ask employees at its 10 bases across the country if they want to apply for a fiscal 2011-2012 voluntary early retirement or separation from their jobs. The survey aims to see how the buyouts can help the command reduce the workforce, and cut costs..."
http://www.govexec.com/story_page.cfm?articleid=47656&dcn=todaysnews
GovernmentExecutive.com
Air Force to survey some civilian employees on buyouts
By Kellie Lunney klunney@govexec.com April 22, 2011
"Air Force Materiel Command will survey its civilian workforce starting next month to gauge interest in potential buyouts. Beginning May 1, the command, headquartered at Wright-Patterson Air Force Base in Ohio, will ask employees at its 10 bases across the country if they want to apply for a fiscal 2011-2012 voluntary early retirement or separation from their jobs. The survey aims to see how the buyouts can help the command reduce the workforce, and cut costs..."
http://www.govexec.com/story_page.cfm?articleid=47656&dcn=todaysnews
GovernmentExecutive.com
- GSA presses ahead in greening of federal buildings 04/22/11 Agency selects 16 emerging energy-efficient technologies to test and evaluate at government facilities.
- Bill would forgive debt for some disaster assistance recipients 04/22/11 Legislation aims to help those who owe the government money because of erroneous payments from FEMA.
- Coast Guard report: Transocean safety flaws contributed to explosion 04/22/11 Study does not fault BP as much as previous reports.
- From Nextgov.com: Attack on Energy lab computers was limited, officials say 04/22/11 Homeland Security team is watching for similar threats directed against other departments and agencies.
It is still early but it looks like the market is going to be a real roller coaster day. Tighten the seat belt, pull the safety bar down one more notch, wiggle into those sticky pants and keep your hands and arms inside the car at all times. Good luck and enjoy the ride. 
Good luck all.
jpcavin
Well-known member
:laugh:
RealMoneyIssues
Well-known member
Viva_La_Migra
Well-known member
Yeah, but I jumped into the market last week, so that evens things out a bit.
Sorry folks been absent for a few days. I will explain later.
Anyway, just noticed that the FRTIB has posted the March meeting minutes. I have not read them yet and will report on them after I do. Here is the link in the mean time. http://www.frtib.gov/pdf/minutes/2011Mar.pdf
Anyway, just noticed that the FRTIB has posted the March meeting minutes. I have not read them yet and will report on them after I do. Here is the link in the mean time. http://www.frtib.gov/pdf/minutes/2011Mar.pdf
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