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Jul 14 12 2:54 PM
Jul 14 12 3:03 PM
"Just step into the light."
Jul 14 12 6:49 PM
Jul 14 12 6:59 PM
Jul 15 12 6:49 AM
Jul 15 12 7:00 AM
Jul 15 12 8:02 AM
Posted on 06 July 2012.
when the Obama Administration promised unemployment would not go above
8% if we allowed Obama to spend a trillion of our tax dollars. We
allowed and he spent.
Green jobs, he promised, would be a boon to
the economy and life would be grand. In fact, he said unemployment would
be 5.6% by July, 2012.
Well, he lied.
Now, about that word lied.
Several years ago I would have simply said that was mistaken. He
miscalculated. He had his facts wrong. But the Progressives all set us
straight about exactly what constitutes a presidential lie during the
lead up to the war in Iraq. No longer is a presidential lie something
that the president knew was false but said anyway to get what he wanted.
Remember when George W. Bush told us there were Weapons of Mass Destruction in Iraq?
when that turned out not to be the case some time later, the Democrats
all said he lied. They had no proof that Bush knew that there were no
WMD’s in Iraq before the invasion, but apparently, if a president utters
a statement to get something he wants, and it later turns out that
giving him his way did not achieve the goal going in, then that is a
I tried to use reason, but the left would not hear it. Bush lied about WMD’s because he wanted to invade Iraq.
So we really have no choice here but to call Obama a liar. He wanted
the cash to give out to his friends at companies like Solyndra and he
promised 5.6% unemployment if we gave Obama his way.
So, we are at 8.2% and just like Bush found no WMD’s, Obama has found no jobs after promising results.
So we have had two presidents in a row that were liars.
If Bush lied about WMD’s, Obama lied about jobs.
Jul 15 12 9:29 AM
Jul 15 12 9:55 AM
Patrol4ever wrote:You guys are living in a fantasy world, the Dow has nearly doubled interest last three years. I know it's not at all time highs, but either is the Nasdaq which peaked at 5000+ while Clinton was in office, does that mean 8 years of Bush the market was never doing well? It's cyclical.
Report from the Federal Reserve Bank of New York suggests that the bulk
of equity returns for more than a decade are due to actions by the US
Theoretically, the S&P 500 [.SPX
would be more than 50 percent lower—at the 600 level—if the bullish
price action preceding Fed announcements was excluded, the study showed.
Posted on the New York Fed’s web site Wednesday, the study sought out to explain why equities receive such a high premium over less risky assets such as bonds.
What they found was that the Federal Reserve
has had an outsized impact on equities relative to other asset classes.
For example, the market has a tendency to rise in the 24-hour period before the release of the Fed’s statement
on interest rates and the economy, presumably on expectations Chairman
Ben Bernanke and his predecessor, Alan Greenspan, would discuss or
implement a stimulus measure to lift asset prices.
FOMC has released eight announcements a year at 2:15 ET since 1994. The
study took the gains in the S&P 500 from 2 pm the day before the
announcement to 2 pm the day of the statement and subtracted that market
move from the S&P 500’s total return over that time span.
the gains in anticipation of a positive Fed action, the S&P 500
would stand at just 600 today, rather than above 1300.
would conclude that correctly analyzing Fed moves is much more
important than stock picking,” said Brian Kelly of Shelter Harbor
Capital. “If you want to generate alpha, you should trade the stock
market 24 hours before an FOMC meeting. Simply follow the trend for that
24 hours and you will outperform.”
chart shows the effect to be significantly pronounced in the aftermath
of the tech bubble when Greenspan re-inflated stock and housing prices
by slashing rates. It widens even further in the period since the
financial crisis of 2008 as the market became beholden to the Fed’s use
of its balance sheet to add liquidity to the market.
Greenspan for this S&P 500 effect… it’s his free put,” said Robert
Savage, chief executive of research site Track.com and formerly managing
director of FX Macro Sales at Goldman Sachs. “Since 1994, the battle of
central banks hasn't been to fight inflation, but rather to smooth out
the business cycle and credit. The convergence of global rates and
inflation left the decisions of the FOMC as the key variable for S&P
market is down six days in a row currently on the concern that the
Federal Reserve will not embark on its third round of so-called quantitative easing anytime soon. Minutes from the central bank’s last
meeting, released Wednesday, reinforced the concern that the economy is
muddling along enough to keep the Fed on the sidelines.
be sure, one cannot look at these Fed actions in a vacuum and conclude
the S&P 500 would plummet 50 percent if the Fed were to undue all of
its supportive measures of the last two decades. But that doesn’t mean
this exercise can’t be instructive.
example, proponents of index funds will often argue their case by using
data that shows a significant drop in S&P 500’s yearly returns if
you took out the five best days of that particular year. The point: you
need to always be fully invested so you don’t miss one of those days,
which account for the majority of the market’s annual return.
Fed’s next announcement is due August 1st and it would seem by this
study, one would want to make sure they are invested in the market by
2pm on July 31st,“It's a QE world,” said Josh Brown, an investment advisor and popular author of The Reformed Broker blog. “We're all just trading in it.”
Jul 15 12 11:04 AM
Jul 15 12 12:09 PM
Jul 15 12 12:24 PM
Patrol4ever wrote:Elmore you are citing articles that say "might be", I am citing facts. The Dow Jones index has nearly doubled from its lows over 3 years ago. I am am not giving Obama credit for this Fact. Just stating another fact that if his policies are so "anti-business" how have the major indices bounced back so well?
How did the president become the Outsourcer-in-Chief?
Recently, the administration authorized a $1.2 billion loan guarantee
to Mexico’s state-owned oil company, Pemex. The loan guarantee supports
Pemex’s plans to place risky wells at depths over 8,000 feet just south
of the maritime border with the United States.
Just two years after the BP Deepwater Horizon disaster, the Obama
administration is entrusting the Gulf of Mexico to Pemex – a company
with no experience drilling at such extreme depths and with a track-record that includes the second largest Gulf spill in history. You can’t make this stuff up.
But, this isn’t the first time that the Ex-Im Bank guaranteed loans to Pemex. In fact, Pemex is the Ex-Im Bank’s top borrower, raking in $10.6 billion in loans since 1998.
And, unfortunately, Pemex is more like the rule, rather than the
exception. Take another state-backed oil enterprise, Brazil’s Petrobras,
for example. Here the connection is even stranger, with the U.S.
government loaning Petrobras up to $10 billion to fund oil projects off
In return for the $10 billion, the U.S. gets a whole lot of nothing.
As a state-backed company, Petrobras is required to purchase a large
majority of its equipment from Brazil-based suppliers. And that local
content policy is only expected to grow more stringent. In 1998, when
the policy began, it “only” required Petrobras to purchase 40 percent of
its equipment locally. Now, that is 65 percent. There’s no telling
where Brazil’s President Rousseff might send it.
Let’s dredge deeper into the rabbit hole. In 2011, Petrobras
developed plans to invest $225 billion on projects through 2015. The
catch – the projects are mostly in Brazil. Spending on projects in the U.S. are a drop in the bucket, averaging less than $1 billion annually from 2007 through 2012.
But, Petrobras does employ over 300 workers in the U.S., bringing the
Ex-Im Bank’s loan to $33 million per employee. It doesn’t take an
education from Columbia and Harvard to realize this doesn’t add up.
Jul 15 12 4:01 PM
Jul 15 12 4:22 PM
The Demoncratic party. Destroying America one day at a time !!
Jul 15 12 5:14 PM
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Jul 15 12 5:58 PM
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