Only thing worse for the markets than an Obama speech is a Bernanke speech. Looks like the welfare state magician is out of tricks. – BBC
Post Tagged with: "stock market"
Global stock markets down on debt fears as euro falls
The euro fell to a 10-year low against the yen, and investors poured into German bonds in a flight to safety. – BBC
There’s never been a plan … world markets in deep crisis says former Obama supporter
“No leadership … I do think its pretty odd the president’s on vacation right now …. the world markets are in deep crisis .. its no joke … this isn’t just an August up and down little blip .. this is a very serious situation.” – Jeffrey Sachs regretting his support for Obama on Morning Joe
“Emotional talk” from Obama helps crash markets
Former Painewebber CEO Don Marron puts much of the blame on Barack for “freezing” consumers and businesses.
The Ripple Effect Of Declining Real Estate
The impact of a double dip, or continuation of Real Estate’s decline, could be more than just economic. It can bring investor/consumer confidence down. Declining confidence has been the downfall of many markets. – BI
World’s Largest Trader: “We’re On The Verge Of A Great, Great Depression”–“Near Panic”
Peter Yastrow the world’s largest LIBOR trader discusses the stock market plunge, the housing drag on the economy, and the federal reserve’s efforts to save the economy. – video
The Swoon in June – reality rears its ugly head in Obama “recovery”
“I don’t believe the president has a clue as to what makes the free market tick. They have no confidence in his expansionist government policies and that’s whats killing the private economy.” – Rep. Joe Walsh on Cavuto
Union Thuggery Run Amok
They’re all disturbing signs of a union going mad over its own irrelevance and taking up more goonish tactics. Whatever it is, it has no place in civil society, and should be prosecuted to the fullest extent of the law.
Gallup Survey Shows Unemployment Rate at 10.3% and Rising, BLS Says 8.9% and Falling
[C]ritical budget issues affect states, and Congress is poised to cut spending. Together with rising oil prices on a supply shock, possible European interest rate hikes, a cutoff in Quantitative Easing, forced cutbacks in China due to overheating, and a stock market that is priced well beyond perfection, the best one can say is that risks are hugely skewed to the downside, both for the stock market and the unemployment picture.
2011 – What’s Coming
Social unrest will become visible in America in 2011. There will be demonstrations in many major cities. Some will turn violent. Economics will be at the heart of the anger.