This will sound crazy to nearly everyone, but I believe she should do a surprise rate hike this week in order to tear the band aide off as it were.
Just get it over with. The psychological power over the markets that raising rates in Sept may be what is causing the volatility in the currency markets more than what the actual raising of the rate a mere 25 bps will be.
"New home sales increased 5.4 percent to a seasonally adjusted annual rate of 507,000 units, the Commerce Department said on Tuesday. Those sales, which account for 8.3 percent of the market, were up 25.8 percent compared to July of last year.
In a second report, the Conference Board said its consumer index jumped to 101.5 this month, the highest reading since January, amid optimism over the labor market. The index was up from July's reading of 91.0."
I took a quick glance at the SP500 chart and apparently 1,917 is 10% off of its all time highs.
Personally I am not that enthused about jumping in with only a 10 percent drop and am willing to miss out
on this opportunity.
Anybody able to purchase USB under 40 will eventually do well OK in the long run with an increasing dividend, however my hope is that we will be another 10 percent down from here in September.
I predict within 5 to 10 years JPM and WFC (along with USB) will be have dividend payout ratio' well over 50 percent, imo they will have a problem of having too much capital with an inability to deploy it. They will have so much capital that during recession' they will be able to temporarily payout over 100% of their income.
In today' environment this might seem inconceivable, but in a few years with a Republican administration in power, the political winds will change enough for America to start believing that banks know what they are doing and that the TBTF banks have a huge buffer to protect them against losses.
billion, thanks for the info, you are right in that it does say a lot about housing. Here is another quote that tells me that single family housing construction continues to heal:
Pantheon Macroeconomics' Ian Shepherdson wrote after the release: "Starts were depressed by a sharp drop in the volatile multi-family component, but single-family starts rose by 12.8% to 782K, their highest level since December 2007. This won't be sustained if new home sales don't rise over the next few months, but the [National Association of Homebuilders] survey suggests this is a decent bet."
Mike, shill_exposer ID started 7 years ago and never visited the WFC message board until this week.
If he is paid by WFC then they sure have not been getting their moneys worth. LOL
This is not meant with condemnation nor with vitriol, you need to look at your time spent on this board and reflect upon whether it is benefiting you or if this is detrimental to your spiritual health.
You can tell what lies in a mans heart by looking at his "calendar and checkbook". What does your time spent
on this board say about you? There is absolutely zero doubt you have an unhealthy obsession with Wells Fargo Bank and are unable to stop posting messages even to your own detriment.
On this board you come to find "Conversation that is lucid"? more like conversation while on acid.
by the way, I should add the reason why I prefer the common shares is because as we get further away from the credit crises, I believe the dividend payout ratio will eventually gravitate toward 50%
Personally I just do not see their balance sheet growing at 10% annually in another 20 years, in which case they might have too much capital and its conceivable the divi payout ratio could get up to 70% or more 20 years down the road as the political winds change. (bump lol)
Chuck Schumer is supposedly a congressman that has access to anyone he desires to talk to regarding the Iran Nuclear deal.
So it makes me wonder what he believes. Does he think that if America and other NATO countries keep sanctions on Iran that Iran will choose not to go forward with an atomic bomb?
Its my understanding that Russia and China want to do business with Iran and we can count on them not
to go along with any more sanctions, therefore my guess is that the new round of sanctions will be less effective.
I mean lets think about it, If the US chooses to not go along with the agreement they will have a bomb approximately two months later, right? Please correct me if I am wrong.
Iran has a ton of frozen assets adding up to about 150 billion they will get back if we go along with the deal.
But if we don't go along with the deal I wonder if Iran will get some of their assets back anyway, I mean surely the US doesnt control all of the 150 billion.
I really don't know what the US will get for not going along with the agreement, perhaps the lions share of the 150 billion, but unfortunately Iran will get the bomb. I would like to know what Chuck Schumer is thinking.
The only thing I have been invested in during the past 6 months is the Russell 2000 and actually pay no attention to it what so ever, I don't know if it is up or down during the past 6 months nor can I tell you how much it has been up or down over any period of time.
As an independent Kasich made the most sense and was the winner; on the other hand Paul, Trump and Cruz seemed like the furthest from being able to win over independents last night.
I realize this is a primary and the strategy is not to win over independents, however it is obvious to me Paul, Trump and Cruz as well as Jindal could never win over a Democrat to become president.
Bush, Kasich, Fiorina, Christy, Carson, Rubio and perhaps the guy from Wisconsin, Walker, could all give Hilary a run for her money.
Trump and Paul made the worst showings.
I dont think it is public knowledge. My guess has always been that not only will BOFI take on some liabilities, but BOFI will share future revenues with HRB. If all of this were to be true, the biggest cost would come from BOFI needing to raise a little capital in order to keep their ratio' where they need to be. As far as I know they are not paying HRB anything up front. The next earnings statement will be interesting. My guess is that if there were to be a sizeable cost BOFI would have had to announced it by now because they are a publically held company.
Yes, mr_5chnider is me. I interchange amongst my names without caring one way or the other.
That gets used when I initially log into Yahoo intending to check out my email account. Whenever I use Mr.schnider it means I logged into Yahoo specifically intending to check out the message boards.
The longs who believed and never doubted their CEO would come through with the purchase of HRB.
Looking back on it, he would have been much more careful in what he was saying if it was in danger of not
getting completed. Its on to $140 minimum before the end of the year with new earnings estimates eclipsing the old $6.70
How does this make sense. There are a bevy of ATM operators out there that compete against each other.
And there are thousands of banks that are out there successfully competing against each other.
This is well above my understanding, I do not get it. If you read below, I think it says ATM operators are not able to compete because the banking system charges them too high a fee? What?
" the appeals court said challengers could argue that the payment processors coordinated with Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co. to adopt anticompetitive fees.
The lawsuit claims the companies impose contract terms preventing independent ATM operators from charging less when consumers use debit cards that can tap cheaper processing networks."
I understand you are upset, however I think that if you think of it objectively your experience is not a reason to sell their stock , but rather a reason to buy it. From everything you have said BOFI would have to be categorised as conservative in who they open checking accounts with. Apparently they are very picky in
who they open checking accounts with.
billion, I will defer to your greater knowledge on this topic.
On one hand it seems right for a company to know about an employees trade prior to the transaction, but on the other hand I admit to having very little experience on the topic will accept that you know more about it.