Posts Tagged ‘Boehner’

Sand Castle Stimulus Reclaimed by the Tides

Sand Castle Stimulus Reclaimed by the Tides

Courtesy of Joshua M Brown, The Reformed Broker 

We were promised stimulus, programs and policies that would have lasting effects.  What we got instead was a trillion dollar sand castle.  Now that the inexorable tides have eroded away our leadership’s best-laid (and funded) plans, someone needs to be held accountable. 

Haven’t you noticed the subtle shift in the rhetoric?  It used to be about creating jobs, but lately they’ve been banging the drum about how many jobs they’ve "saved". 

Not that John Boehner and the Republicans have put out any world-stopping ideas either (cut taxes for a change?)…but still, they are right:  This Obama administration "economic team", or what’s left of it, couldn’t create a single net job if their careers depended on it.

"President Obama should ask for – and accept – the resignations of the remaining members of his economic team, starting with Secretary Geithner and Larry Summers, the head of the National Economic Council," Boehner said in the morning speech to business leaders at the City Club of Cleveland. The mass dismissal, he added, would be "no substitute for a referendum on the president’s job-killing agenda. That question will be put before the American people in due time. But we do not have the luxury of waiting months for the president to pick scapegoats for his failing ‘stimulus’ policies."

Somehow the Council of Economic Advisors member Austan Goolsbee (a Dickensian aptronym is ever there was one) got left out of this screed.  Goolsbee shouldn’t even get out of bed these days…All those contentious, pitbull-like television appearances pre- and post-election, defending the Boss and his Keynes-On-HGH plan against any and all comers.  All those fiery retorts of Goolsbee’s have amounted to nothing as the White House has gone from taking credit for statistics that could be spun positively to blaming the Republicans for the latest stats – the ones that are now so bad that even Obama can’t talk his way around them.

In hindsight, virtually all of the fiscal stimulus and extraordinary programs adopted by this administration now look like they merely forestalled the inevitable.  Hiring has not happened and in the meantime, housing is headed down another leg and the almost-resillient consumer is back to playing hard-to-get. 

Name a program, look at the lack of lasting results: What you’ll find is that the moment artificial stimulus or policy props were pulled away, that…
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What Long Term Investors Can Learn From Traders

 

What Long Term Investors Can Learn From Traders

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Josh recently met up with Scott Redler at the New York Stock Exchange to discuss moving averages, and trading vs investing. Scott is the Chief Strategic Officer at T3 Live.

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Zero Hedge

Stocks Soar To Best Day In 4 Months As "Devil"-Virus Death-Count Spikes

Courtesy of ZeroHedge View original post here.

The death toll in China has soared past 100 while the number of confirmed cases doubled overnight. Health officials around the world have confirmed more than 4,500 cases, more than triple the number from Friday.

And domestically, while 'soft' data improved - headline consumer confidence ticked up and Richmond Fed saw its 2nd biggest rebound in its 27 year history, 'hard' data collapsed as Durable Goods orders were a disaster...

All of which explains (not...



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Insider Scoop

JPMorgan Downgrades Beyond Meat On Valuation

Courtesy of Benzinga

One of Beyond Meat Inc's (NASDAQ: BYND) earliest bull analysts downgraded the stock on Tuesday.

The Analyst

Ken Goldman downgraded the plant-based food maker's stock from Overweight to Neutral with a price target lowered from $138 to $134.

The Thesis

Goldman was among the first Street analysts to initiate coverag...



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Chart School

Top Patterns for Retail Investors

Courtesy of Read the Ticker

Retail investors are last in line for market leading research, no matter, the retail investor can profit from these secret sauce patterns..

Well not so secret now, the main point is you do not have to climb Mount Everest to be called a mountain climber, there are many other hills to climb to make your mark. Just like stocks.

You do not have to battle with the high frequency traders to win in the markets, there are long and slow methods to do just as well.  

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Some charts from the video


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The Technical Traders

The Wuhan Wipeout - Could It Happen?

Courtesy of Technical Traders

News is traveling fast about the Corona Virus that originated in Wuhan, China. Two new confirmed cases in the US, one in Europe and hundreds in China. As we learn more about thispotential pandemic outbreak, we are learning that China did very little to contain this problem from the start. Now, quarantining two cities and trying to control the potential
outbreak, may become a futile effort.

In most of Asia, the Chinese New Year is already in full swing.  Hong Kong, China, Singapore, Malaysia, India and a host of other countries are already starting to celebrate the 7 to 10 day long New Year.  Millions of people have already traveled hundreds of thousands of miles to visit family...



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Kimble Charting Solutions

Bad News For Crude Oil Should Come From This Pattern, Says Joe Friday

Courtesy of Chris Kimble

It’s a good idea for investors to be aware of key indicators and inter-market relationships.

Perhaps it’s watching the US Dollar as an indicator for precious metals or emerging markets. Or watching interest rates for the economy. Experience, history, and relationships matter. And it’s good to simply add these to our tool-kit.

Today, we look at another relationship that has signaled numerous stock market tops and bottoms over the years, and especially the past several months, Crude Oil.

When crude oil tops or bottoms, it seems that ...



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Biotech

Snakes could be the original source of the new coronavirus outbreak in China

Reminder: We are available to chat with Members, comments are found below each post.

 

Snakes could be the original source of the new coronavirus outbreak in China

Chinese cobra (Naja atra) with hood spread. Briston/Wikimedia, CC BY-SA

Haitao Guo, University of Pittsburgh; Guangxiang “George” Luo, Univers...



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Members' Corner

The War on All Fact People

 

David Brin shares an excerpt from his new book on the relentless war against democracy and how we can fight back. You can also read the first, second and final chapters of Polemical Judo at David's blog Contrary Brin.

The War on All Fact People 

Excerpted from David Brin's new book, the beginning of chapter 5, Polemical Judo: Memes...



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Lee's Free Thinking

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

 

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

Courtesy of  

The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem.

Today, I got a note from Liquidity Trader subscriber David, a professional investor, and it got me to thinking. Here’s what David wrote:

Lee,

The ‘experts’ I hear from keep saying that once 300B more in reserves have ...



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Digital Currencies

Cryptos Have Surged Since Soleimani Death, Bitcoin Tops $8,000

Courtesy of ZeroHedge View original post here.

Bitcoin is up over 15% since the assassination of Iran General Soleimani...

Source: Bloomberg

...topping $8,000 for the first time since before Thanksgiving...

Source: Bloomberg

Testing its key 100-day moving-average for the first time since October...

...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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