Pacific Investment Management Co., which runs the world’s biggest bond fund, is cutting holdings of U.S. and U.K. debt as borrowing rises in the nations, the company said in a report on its Web site.
Case of the technicals aligning with the fundamentals
Source: bloomberg.com
Federal Reserve Chairman Ben S. Bernanke said the central bank’s low interest rates didn’t cause the past decade’s housing bubble and that better regulation would have been more effective in limiting the boom.
Classic. Insert your own comment.
Source: bloomberg.com
Gold's best year in three decades still didn't see it match the returns of an interest-bearing cheque account for anyone who bought the most malleable of metals during the last peak in January 1980.
This type of article is routinely used to shake out the weak hands.
Source: nzherald.co.nz
Definition Total Return Index
"Why don't we just put everyone in the United States on the federal government payroll and call it a day?" counters Rep. Jerry Lewis, R-Calif.
A breakdown of total bank credit for U.S. commercial banks illustrates the reluctance to lend and propensity to hoard cash. Government spending/programs cannot support the economy without the participation from the private sector.
The deterioration in consumer loan and credit card and other revolving plans is most concerning. Personal consumption expenditures account for more than 70% of GDP.
Breakdown of TBC:
Source: finance.yahoo.com
When the Senate takes up a jobs bill later this month or early in February, the debate will center on whether it really will create jobs and be worth plunging the government tens of billions of dollars further into debt.
Dubbed the "Son of the Stimulus," if passed, will be thrown onto ever-growing debt pile. A debt pile that only days ago was attracting bipartisan support to stabilize. Government spending does little to spur investment, which is the critical component to future sustainable growth. More important, this New Deal style spending will not support the U.S. dollar.
Source: finance.yahoo.com
"We will roll out the red carpet as much as we can (but) they are going to honor the contract," said Brendon Gallagher, an alderman in DeKalb, Ill., where Target Corp. got abatements from the city, county, school district and other taxing bodies after promising at least 500 jobs at a local distribution center.
So when the company came up 66 workers short in 2009, Target got word its next tax bill would be jumping almost $600,000 -- more than half of which goes to the local school district, where teachers and programs have been cut as coffers dried up.
Municipalities, looking to patch gigantic holes in their budgets, attempt to raise taxes on corporations already cutting back as consumption contracts. Corporations that cannot afford the higher taxes, like underwater homeowners, will walk away. This is nothing more than the "Formula" in action.
Source: finance.yahoo.com
