I’m struggling to find a different way to say the same thing again… Ah, the hell with it. The 10-12 month cycle projection is...
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Radio Free Wall Street
Posts Tagged ‘ First Quarter ’
Treasury Announces Sharply Reduced Borrowing Estimates
Consistent with reports in the Wall Street Examiner Professional Edition Treasury Updates, the government will borrow less in the first quarter than it had originally forecast, primarily due to a big increase in withholding taxes since mid December. It is also estimating a much lower borrowing rate for the second quarter, meaning that its...
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Keith Fitz-Gerald: Why Europe’s Latest Bailout Won’t Work
Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on Fox Business Network's Varney & Co. today (Wednesday). In case you missed it, here's what he had to say about the latest European bailout a...
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Controlled Leaking
I got a laugh at this article by Jon Hilsenrath at the Wall Street Journal. (Link)
This is another in a string of articles by Jon where Bernanke is clearly providing a portion of the content. The thrust of this one is that the Fed is going to chang...
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GOOG earnings after the close
15:34 GOOG Google Earnings Preview (554.28 +5.77)
Tech giant GOOG is set to post Q3 results after the close and the market is hoping that the technology space is seeing a better environment than banking. Hopes are high that it will post a second straig...
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Nearly Half of U.S. Lives in Household Receiving Government Benefit.
October 5, 2011, 2:31 PM ET.
Nearly Half of U.S. Lives in Household Receiving Government Benefit.
By Sara Murray
Families were more dependent on government programs than ever last year.
Nearly half, 48.5%, of the population lived in a household th...
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Seven Ways Washington Can Spur Private Sector Growth
The U.S. economy is sputtering, and it's no secret why: The government is standing in the way of private sector growth.
Second-quarter gross domestic product (GDP) growth was revised down to 1.0%. That means the economy grew at an average rate of 0.7% in the first half. That's...
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BEA Reports 1Q-2011 and "Great Recession" Far Worse Than We Were Previously Told
Included in the BEA's first ("Advance") estimate of second quarter 2011 GDP were significant downward revisions to previously published data, some of it dating back to 2003. Astonishingly, the BEA even substantially cut their annualized GDP growth ...
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Goldman Sachs cuts U.S. second-quarter growth estimates
.Goldman Sachs cuts U.S. second-quarter growth estimates
On Monday July 18, 2011, 12:45 pm EDT
WASHINGTON (Reuters) - Goldman Sachs has cut its forecast for U.S. second-quarter growth to 1.5 percent from 2 percent, citing weak consumer spending.
The...
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The BEA’s Third (and "Final") Estimate of First Quarter 2011 GDP
The Bureau of Economic Analysis (BEA) revised their estimate of the annualized growth rate of the first quarter 2011 U.S. Gross Domestic Product (GDP) up slightly to 1.92%. This is their third and final regularly scheduled estimate of the first qua...
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U.S. Housing Crisis Now Worse than Great Depression
It's official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression.
Prices have fallen some 33 percent since the market began its collapse, greater than the 31 percent fall that began i...
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With Small Businesses Sidelined, the U.S. Job Market is Headed for a Double-Dip
After showing some improvement over the past year, the U.S. job market is now beginning a double-dip.
The reason is simple: The number of start-up businesses has hit its lowest level since at least the early 1990s.
Indeed, small businesses are the main drivers of job growth and no...
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Consumer Metrics Institute: Barely Off Its Historic Lows
May 30, 2011
http://dshort.com/charts/CMI/Consumer-Metrics-tn.gif The CMI Daily Growth Index had been setting new historic lows every few days over the past five weeks, with the trough on May 16. The index had rebounded a bit but now appears ready ...
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Don’t be Fooled: U.S. Banks Aren’t as Strong as They Look
U.S. banks are seeing positive trends in several measures of their health.
That's the good news.
Unfortunately, U.S. banks continue to struggle with some much-more-deeply entrenched problems. Those problems pose a major threat to banking-system health.
And they could even cause the U.S. economy to stumble.
The BEA’s Second Estimate of First Quarter 2011 GDP
The Bureau of Economic Analysis (BEA) kept their estimate of the annualized growth rate of the first quarter 2011 U.S. Gross Domestic Product (GDP) essentially unchanged at 1.84%. Although the overall growth rate was essentially unchanged the compo...
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Consumer Metrics Institute: Off Its Historic Lows
May 24, 2011
Earlier this month we saw evidence of slowing consumption in the Advance Monthly Retail Trade Report for April from the Census Bureau (see my analysis here). I've now updated my Consumer Metrics Institute (CMI) charts through the late...
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Wealthy Leaving Las Vegas Mansions
In the first quarter, 30 Clark County homes with loans exceeding $1 million were repossessed by banks or bought by third-parties in foreclosure sales, up from 20 homes a year earlier, according to ForeclosureRadar.com, a Discovery Bay, California-based...
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China 1Q growth 9.7%, following 9.8% 4Q, both y-o-y
http://www.bloomberg.com/news/2011-04-15/china-economy-grows-more-than-
forecast-9-7-as-prices-jump.html
Excerpt:
China’s economy grew a more-than- estimated 9.7 percent in the first quarter and inflation accelerated in March to the fastest pace si...
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Earnings Death or Taxes
Weak corporate tax collections in the first quarter and through April 11 could mean that many quarterly earnings reports may surprise the market by failing to meet analysts’ inflated expectations. Either corporate profits are falling sharply or else corporations have suddenly become much savvier about offshoring income and avoiding taxes. While they may be...
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Quarterly Review and Outlook – First Quarter 2011
Quarterly Review and Outlook - First Quarter 2011
The evidence of the past three years seems clear in that monetary and fiscal policy have been unable to improve the average American’s standard of living. Time will be required to reestablish balance...
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Now I Know How Bill Buckner Felt
Earlier today I had my first article in a major media publication. http://www.marketwat...axes-2011-04-12
A sharp eyed reader has identified a more serious error in the paragraph below than I initially realized when he first contacted me.
Corporati...
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Dow Will Rise to 13,200 this summer, then CRASH!
The link also contains video of Dent's predictions....
The first quarter comes to a close today with major averages at or near multi-year highs. Expect "substantial" further gains for stocks before a "major top" occurs in late summer, says noted for...
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Fed Gets To Skate On Thin Ice In April
Both banks and foreign central banks (FCBs) have normal buying cycles, and this week’s evidence suggests that both are just past the peak of those cycles. In addition, because of Japan’s predicament, FCB buying is for the foreseeable future likely to be well below the necessary levels to keep levitating stocks. Add to that...
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Money Morning The biggest quarter for M&A activity since 2007
Marked by approximately $720 billion in merger and acquisition activity, 2011's first quarter could become the biggest quarter for coporate deals since 2007. Keith Fitz-Gerald appears on Fox Business' Bulls & Bears to share his takeover target with vie...
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House Prices Will Drop Another 20 Percent
Dozens of interesting charts in this fact-filled commentary about the ongoing housing bust.....
This huge and growing surplus inventory of houses will probably depress prices considerably from here, perhaps another 20% over the next several years.
...
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Market Rally Both Believable and Foreordained
I keep hearing terms like UFB! and WTF! from my fellow bears, as they express shock and awe about the persistence of the stock market rally. But not only should it not be shocking, it shouldn’t even be surprising. Cycle projections forecast it beginning in early December for the 10-12 month cycle and early...
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Stock Markets Have Declined in January for 11 Straight Years
The schedule below shows an incredible history of repeated stock market behavior over the past eleven years, where the Dow Industrials topped and declined anywhere from 4.43 percent to as much as 29.81 percent at the beginning of every single yea...
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FDIC Loses $25 Billion in One Year
FDIC Loses $25 Billion in One Year
"Despite increased assets, the overwhelming majority of which are receivables from resolutions the organization has taken on (“resolutions” is the term the FDIC uses on financials to refer to the failed banks it ...
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