UK Likely To Be More Aggressive Than Fed On Rate Cuts
While it is unclear that the Fed will cut rates more next year, it appears that the Bank of England may make as many as four cuts. Perhaps the UK central bank is more…
Economy
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Newest first · Page 416Bill Gross of PIMCO Says Economy Is In Tatters
Bill Gross, king of the bond industry and head of PIMCO, says that the recession has begun. He has been begging the Fed to cut interest rates. Perhaps he secretly hopes that a downturn…
Investor Optimism Rising, Sort Of
Investor optimism gained slightly in December rising 6 points to a level of 50 according to the UBS/Gallup Index of Investor Optimism. Most surveys refer to this as "investor sentiment" on their reports. That…
Auto Loan And Credit Card CDOs In Hiding
The press has focused on mortgage-based CDOs and the huge write-offs that investment banks and commercial lending companies have had to take because of the subprime market falling apart. Morgan Stanley (MS) said, when…
The Case Against A Recession
Most of the data lining up now say that a recession has either begun or will early in 2008. Alan Greenspan thinks the economy may be headed for stagflation. The credit markets may get…
How About Some Stagflation? Killing The Economy The Old Fashioned Way
"Stagflation" is a strange word. It sounds like a description of a bad bachelor party. Yet, it may be returning to the US economy with a vengeance. If corporate earnings do indeed slow and…
How Long Until Producer Prices Drop To Consumer Prices? (TLT)
This morning we saw the release of the Producer Price index, or wholesale inflation. Inflation is the key word today. The headline PPI number for November came in at +3.2%. The core-PPI after you…
Will The Market Pick Its Poison? Oil Or Interest Rates?
The first thing the price of oil did yesterday, when the Fed said it would do more to help the overall economy, was to move up 5% to $94. There were some data that…
Why Wall St. Regrets Its Fed Sell-Off
Please give us back those shares we sold yesterday after the Fed announced that it would only cut rates a quarter point. The Dow dropped 294 points. Some financial stocks like Citgroup (C) and…
FOMC Comes Up Short (DIA, TLT)
The FOMC did just come out and issue its discount on interest rates today. We saw a 0.25% RATE CUT FED FUNDS and we saw a 0.25% RATE CUT ON THE DISCOUNT RATE. That…
The Fed Gets Ready To Push The Dow To 15,000
Over that last six months, the Dow is up 3%. But, it has been a "no stock market growth" kind of period. GDP was fairly strong, but any strength in tech shares and consumer…
Bad Housing For Toll Brothers (TOL)
Toll Brothers (TOL) had another bad quarter. No one will be surprised. In the2007’s fiscal fourth quarter, the TOL generated a net loss of $81.8 million, or $0.52 per share diluted, compared to the…
When The Government Issues An Earnings Warning
Peter Orszag, Director of the Congressional Budget Office, gave a presentation today before the committee of the budget in the U.S. House of Representatives. The end result is that his presentation noted that the…
Bill Gross: Google Falling, 3 1/4% Fed Funds & More Housing Price Drops
PIMCO’s Bill Gross is still one of the top bond fund managers in the U.S., if not the world. But his tome of words that comes out each month is starting to become a…
Is US Economy Still Strong?
Two pieces of information out today would indicate that the overall US economy is not being hurt by the housing and fuel cost problems. According to Bloomberg, ADP says that companies in the U.S.…