Recent comments by Rajesh

Can we get a triple digit move in the NASDAQ 100?

energyecon wrote:

2020-2023 when it anticipates having a healthier financial position.


JP wrote:

In a growing population?

Is there a lot of medical Marijuana produced in the area?

The government doesn't own the Federal Reserve. The banks do.

Family Dollar fourth quarter profit drops, same store sales improve marginally
| Reuters

Discount retailer Family Dollar Stores Inc (FDO.N), which is trying to ward of a hostile bid from rival Dollar General Corp (DG.N), said its fourth-quarter profit slid 66 percent hurt by inventory markdowns, restructuring charges and merger fees.

Family Dollar, which has agreed to sell itself to smaller rival Dollar Tree (DLTR.O) for a lower cash-and-stock deal of $8.5 billion, rejected Dollar General's $9.1 billion all-cash bid saying the offer did not address anti-trust concerns.

Blackhalo wrote:

despite any expiring securities.

Principal is reinvested. Also Operation Twist sold most of the securities expiring in 2013 and 2014.

Delaying raising rates is the new cutting interest rates.

Joke of the Day:
Fed has not ruled out asset sales if needed, Williams says
| Reuters

A top Federal Reserve official said on Thursday that while the Fed does not expect its large balance sheet to ignite inflation, if its forecasts are wrong the U.S. central bank has the tools to keep inflation from rising out of control

San Francisco Fed President John Williams told a group of business leaders in Las Vegas that the Fed could raise rates more quickly if the economy starts to overheat, and also noted that the central bank has not ruled out selling assets if needed to keep inflation under control.

Williams also said that if the global economy slows "significantly," that could prompt the Fed to delay raising rates beyond what is currently expected.

Note that further asset purchases were not mentioned.

It's not the number of countries with patient zero that's causing panic. It's the number of people with zero patience.

Euro zone core must focus on investment: new EU growth czar
| Reuters

Jyrki Katainen, who will take over as the European Commission's vice president for jobs, growth, investment and competitiveness on Nov. 1, told Reuters many countries have cut investment too much as part of efforts to consolidate budgets

"Countries like Germany, running current account surpluses, can afford to invest more, not only because it would stimulate the economy of the European Union, but because they need to take care of their future economic growth," Katainen said in an interview on the sidelines of the IMF and World Bank fall meetings in Washington.

German investment has been falling steadily over the past two decades, from around 21 percent of its GDP in the late 1990s to just above 17 percent now, according to the Center for European Reform think thank.

Yet Berlin, pursuing a goal of a balanced budget, is reluctant to increase public investment.

"A country that is strong at the moment does not necessarily have to be strong in the future, so you need to take care of the growth, strengthen the industrial base," Katainen said.

"Our message is that the surplus countries should invest in their future," he said, pointing to research and development, and infrastructure as the main areas for investment.

Outsider wrote:

"I've got a new lease on life"

Kidneys this time?

Argentine Stocks Plunge as Oversight Tightens on Parallel Market - Bloomberg

Argentine stocks fell the most in the world amid speculation the government is pressuring traders to stop buying local shares to sell abroad for dollars, a practice used to skirt currency controls.

Argentina’s benchmark Merval (MERVAL) stock index lost 5.5 percent as of 2:52 p.m. in Buenos Aires, the most among 93 country stock indexes tracked by Bloomberg. The gauge has fallen 19 percent this month, also the most in the world.

Shares have tumbled as government officials unofficially ask banks and brokerages to halt the trading practice, known as the blue-chip swap, according to Betsy Szewach, an analyst at Buenos Aires money manager Proficio Investment SA. Policy makers are seeking to curb the peso’s slide in unofficial markets that investors and savers use to obtain dollars while avoiding currency and capital controls.

“The pressure is being applied off the record, with no sort of regulation,” Szewach said. “It’s rumored that banks and brokerages are being told not to operate, so there’s less demand for stocks and bonds.”

An Economy Ministry official denied a Cronista Comercial newspaper report saying the government was planning to apply a 35 percent tax on profit from trading in overseas securities.

Bank Rates Topping 25% Can’t Quell Peso Exodus: Argentina Credit - Bloomberg

At the auction, the first one under Vanoli, yields on the central bank’s longest-dated notes rose even less, climbing 0.14 percentage point to 29.29 percent.

The rate still isn’t enough to keep up with consumer prices that surged 40 percent in the 12 months through August, according to estimates gathered by opposition lawmakers.

Argentines, whose dollar purchases at the official rate of 8.4629 pesos are controlled by the government, have turned to the black market to acquire U.S. currency as a store of savings. The greenback reached a record 15.95 pesos on Sept. 24.

In his first meeting with executives from the nation’s banks, Vanoli said he’ll apply a strict control over foreign-currency rules, according to a statement from the monetary authority Oct. 6. Vanoli said in October 2013 that posting the price of the dollar in the black market is tantamount to publishing the price of cocaine.

ResistanceIsFeudal wrote:

we're rolling back America to 2006.

Bush is going to be President again? Sick

Former Idealist wrote:

It's not a home, its collateral.

Collateral damage?

When it' not free. It doesn't have enough room to turn around in its cage.

Say, why does South Dakota get to decide who controls the Senate for the next two years? Unfair!

Kim Jong-un missing: North Korean leader 'could have fled after attempted coup' - Asia - World - The Independent

Reports surrounding Kim Jong-un’s prolonged absence are now suggesting the North Korean leader may have been subjected to an attempted coup, over a month after he disappeared from the public eye.

Kim, a man whose appearance is central to state propaganda, has not been seen at an event since 3 September. Rumours are rife as to where the leader of the notoriously secretive state could be.

The world is now waiting to see if Kim will attend the 69th anniversary of the founding of North Korea's Workers' Party on Friday, with some suggesting a no-show could signal a change in the Pyongyang regime.

Toshimitsu Shigemura, a professor at Tokyo’s Waseda University, told The Telegraph recent events in the country, including reports of a ban on new travel passes, could point towards an attempted coup, or suggest that the authorities there have uncovered "some sort of plot against the leadership”.

"If it is a military-backed coup, then the situation in Pyongyang will be very dangerous and I have heard reports that Kim has been moved out of the capital," he said.

josap wrote:

If you are driving a car. you can afford a car.

If you are driving a car. you can afford a car or know how to steal one. Fixed It For Ya

Germany's Schaeuble says fiscal stimulus can't fix Europe
| Reuters

"We don't have a recession in Germany, we have a weakening of growth," he said at a Bertelsmann Foundation event on the sidelines of World Bank and International Monetary Fund meetings.

House Prices up 6.4%
Rent up 6.5%
Stock Prices up 14.8%

Wages up 2.0%

What's wrong with this picture?

The junk bond market hasn't closed so its still possible for companies without profits to increase leverage.

T minus thirteen months and counting...

German recession fears mount as exports plunge
| Reuters

German exports plunged in August by their largest amount since the height of the financial crisis and leading institutes slashed their forecasts for growth, fuelling a debate on whether Berlin is doing enough to prop up Europe's economy and its own.

Exports slumped by 5.8 percent, the biggest drop since January 2009, in the latest sign that Europe's largest economy is faltering amid broader euro zone weakness and crises abroad that have battered confidence and led German firms to postpone investment plans.

"The economy seems to need a small miracle in September to avoid a recession in the third quarter," said Carsten Brzeski, an economist at ING.

KidPsych linked:

Multitasking Damages Your Brain And Career,

If I had a Brain or a Career, I might be worried.

Company drops plan for solar tower that can ignite birds

A solar-energy company has dropped a proposal to build a 75-storey solar tower near California's Joshua Tree National Park, employing a kind of solar technology that can cause birds to ignite in mid-air.

The California Energy Commission was slated to vote on BrightSource Energy's project this month, before the company withdrew its application.

The plant would have used "power tower" technology that trains concentrated solar power on steam boiler towers. State and federal officials and conservation groups say a similar BrightSource tower near the Nevada border proved unexpectedly deadly to birds that flew through the concentrated rays.

BrightSource and its partners decided they needed a project that would "better meet the needs of the market and energy consumers," senior vice-president Joe Desmond said Wednesday.

The company remains committed to solar power-tower technology, as well as "sound and responsible environmental measures," Desmond said.

Stay awake from California! You might be hit with a burning bird!

sm_landlord wrote:

at the most inconvenient possible time.

When is a convenient time to become insolvent?

Wisdom Seeker wrote:

Want to throw me a clue brick?

I've already explained it once today. Someone else will have to take up the burden.

Wisdom Seeker wrote:

he's signaling that the Fed should unload the MBS portfolio to normalize policy

That's what he's been suggesting for about five years. They're not listening still.

Fundamentalist Terrorist Bees of African Descent: Suicide Bombers

I'm sure the destruction of Sears and J.C. Penney will not slow the FOMC from raising rates.

Jackdawracy wrote:

upsidaisium mine.

Make sure you tie it on tight or it might shoot off into space.

josap wrote:

approximately three-by-eight feet,"

No, that's the size of the wrong hive. What's the size of the right hive?

josap wrote:

disturbed the wrong hive

How big was the hive they were supposed to disturb?

I think it's China's turn to release bad economic news.

I don't intend to grow up.

Jackdawracy wrote:

contained to Lower Manhattan,

But there are tons of Network reporters and cameraman in Lower Manhattan, so it's like the whole wide world.

bearly wrote:

they can also easily be added to the Travel Ban list.

What about Texas?

SPOOL wrote:

tube into Central London

Then you have to clear security again. Better to just mix with the passengers travelling to all corners of the earth.

Speed wrote:

You're in Liberia, ready to go home to NYC, and you don't feel so hot. Do you:

  1. Switch flights to a 6 -hour stopover in Heathrow. Shake hands with as many people as possible while you wait. There's not problem flying from London to New York because England doesn't have an Ebloa outbreak.

Polish Bond Yields Drop to Record After Central Bank Cuts Rates - Businessweek

The yield on the note due Oct. 2016 fell four basis points to 1.88 percent after the bank lowered the seven-day reference rate 50 basis points to a record 2 percent, its first reduction in 15 months. Seven of 40 economists in a Bloomberg survey forecast the move, while 33 predicted a 25 basis-point cut. The zloty weakened 0.3 percent to 4.1944 per euro at 2:38 p.m.

“The zloty reacted more quickly than the bond market, so perhaps the latter will have to catch up” and extend gains, Richard Segal, the London-based head of international credit strategy at Jefferies International Ltd., said by e-mail today. “The debate was between the size of the cut, rather than whether to cut, so the decision was partly priced in and we’ll have to wait for clues from the upcoming press conference.”

The central bank will explain its decision during its news conference at 4 p.m. in Warsaw. Poland’s economy has been hit by a slowdown in the euro area and international sanctions imposed on Russia for its role in the crisis in Ukraine.

After 17 months of below-target inflation, consumer prices fell in July in the first bout of deflation since the 1980s and declined further in August. Growth in the $518 billion economy slowed to 0.6 percent in the second quarter from 1.1 percent in the first.

“Inflation and activity data are likely to remain subdued over the coming month,” Gautam Kalani, a London-based economist for central and eastern Europe at Deutsche Bank AG, said by e-mail today. “My feeling is they will keep the door open for further cuts, rather than give a signal that they are done.”

The 61% Devaluation That Venezuela Told No One About - Bloomberg

Barclays estimates a quarter of transactions are taking place this year at the two weaker rates and that, as a result, companies are paying the government an average of about 17.3 bolivars per dollar, compared with 6.7 last year. The 61 percent decline is bigger than that posted by any of the currencies Bloomberg tracks across the globe. Argentina’s peso has tumbled 21 percent against the dollar in 2014, while Ukraine’s hryvnia plunged 35 percent.

“It’s a stealth devaluation,” Alejandro Grisanti, a Latin American economist at Barclays in New York, said by phone Sept. 29.

arthur_dent wrote:

you can explain the difference between your chart and this one

When the Social Security Trust fund has a surplus, the Treasury issue securities to the trust fund. These securities are non-marketable debt.

Debt held by Public + Non-Marketable Debt = Total Debt.

Non-marketable debt is issued for other purposes but the Social Security Trust fund dwarfs all other uses.

lawyerliz wrote:

I wanna see the chart!

Go to your optometrist!

arthur_dent wrote:

government spending is private savings.

Government borrowing is private savings. Some government spending is funded by taxes (imagine that.)

Firemane wrote:

why lots of refinancing is actually a good

Presumably, people are refinancing into lower rates, which leads to a lower payment and more income to spend on other items.