lang, market is now pricing in QE-tapering in Jan. With unemployment rate at 7% (see my earlier post on UE durint Ronald Reagan era), JOLT at 5 year high and market hitting all time peaks, there is no grounds to continue QE anymore.
1985-02 7.20 7.20
1985-03 7.20 7.20
1985-04 7.30 7.30
1985-05 7.20 7.20
1985-06 7.40 7.40
1985-07 7.40 7.40
1985-08 7.10 7.10
1985-09 7.10 7.10
1985-10 7.10 7.10
1985-11 7.00 7.00
1985-12 7.00 7.00
1986-01 6.70 6.70
1986-02 7.20 7.20
1986-03 7.20 7.20
1986-04 7.10 7.10
1986-05 7.20 7.20
1986-06 7.20 7.20
1986-07 7.00 7.00
1986-08 6.90 6.90
1986-09 7.00 7.00
1986-10 7.00 7.00
1986-11 6.90 6.90
Blow out job data last Friday. Consumer confidence recovering. JOLT at 5 year high. Stock market at all time highs. Jobless claim below 300K as in 2007. We are as good or bad as in 2007. Deficit dropping like a stone despite of 7% unemployment. How could Yellen and Bernanke justify EXTRAORDINARY measure as we are still in The GREAT RECESSION?
On the hour
Euro +0.23% vs. dollar.
Crude -1.25% to $97.28.
Gold -0.33% to $1256.9.
WASHINGTON — House Speaker John A. Boehner delivered an uncharacteristically forceful response to conservative groups lining up against the budget compromise announced Tuesday, accusing them of “using” people to advance their own goals rather than the GOP’s.
Speaking with reporters at the Capitol on Wednesday, the Ohio Republican mocked the powerful conservative forces that he said were staking out opposition to the deal even before its full details were public.
“They're using our members and they're using the American people for their own goals,” Boehner charged. “This is ridiculous.
“If you're for more deficit reduction, you're for this agreement,” he added.
The Club for Growth, one of the more prominent anti-tax groups, was the latest to come out against the deal forged by Senate Budget Committee Chairman Patty Murray (D-Wash.) and House Budget Committee Chairman Paul D. Ryan (R-Wis.), calling it “flawed.”
“Apparently, there are some Republicans who don’t have the stomach for even relatively small spending reductions that are devoid of budgetary smoke and mirrors,” the group’s president, former Rep. Chris Chocola, said Wednesday.
Another group, Heritage Action, said Wednesday it would urge Republicans to vote against the deal and factor the vote into its influential rating system.
The agreement would set spending levels for 2014 at $1.012 trillion, higher than the $967-billion level that would have taken effect under the sequester in January. It would restore some funding to military and domestic spending programs, paid for with new fees and cuts elsewhere in the budget.
Markets adopt cautious approach, open slightly higher
Dow +0.07% to 15985. S&P -0.02% to 1802. Nasdaq +0.01% to 4061.
Treasurys: 30-year -0.19%. 10-yr -0.12%. 5-yr -0.06%.
Commodities: Crude -0.53% to $97.99. Gold -0.12% to $1259.6.
Currencies: Euro +0.21% vs. dollar. Yen -0.18%. Pound +0.28%.
Heilein, It is disgraceful that the obstructionists seem not bothered by their approval ratings. Throw out the votes by their mothers and people dependent on their offices, they have zero approvals.
Hewlett-Packard Company and DBI Software announce new partnership
Enhanced IBM DB2 LUW services and software solutions for a global market 12/11 04:00 AM
AUSTIN, Texas, Dec. 11, 2013 /PRNewswire/ -- DBI Software, an industry leading IBM DB2 LUW performance tools provider, announces a new multi-faceted partnership with Hewlett-Packard Company (HPQ:$27.04,00$-0.21,00-0.77%) . This partnership pairs DBI's revolutionary database monitoring, tuning, and trending tools with HP's outstanding customer relationships to bring a truly powerful DB2 database support solution to the market. Under this partnership, HP will offer DBI's tools as part of its managed services customer outsourcing agreements to accelerate value for HP clients and, for non-outsourced clients, HP will be a DBI authorized reseller.
Russ Harrison, DBA Manager for HP, commented "Working with DBI is a terrific fit for HP. The DBI tools for IBM DB2 LUW install quickly and easily, and our team members are able to achieve fantastic DB2 performance results for our clients very quickly. DBI's advanced analytics and smart workflows give us not only productivity gains, but also help us deliver great value for our clients." Mr. Harrison added "There are night and day differences between DBI tools and other tools in the market. We're excited to be partnering with an organization that is so highly respected in the DB2 community."
Scott Hayes, President & Founder of DBI, an IBM DB2 GOLD Consultant and Information Management Champion, responded "Too often, many consultants and service providers are keen to work with scripts, free tools, or tools provided by the database vendor, thus essentially doing DB2 tuning by hand, without the best tools for the job, all the while billing clients for more hours and delivering sub-optimal results. I really admire HP's foresight, leadership, and integrity, and I'm excited about the
Tax loss sellers have slim picking outside of bonds and commoditites:
t the close
Dow -0.32% to 15974. S&P -0.32% to 1802. Nasdaq -0.20% to 4060.
Treasurys: 30-year +0.53%. 10-yr +0.36%. 5-yr +0.17%.
Commodities: Crude +1.18% to $98.49. Gold +2.25% to $1262.
Currencies: Euro +0.2% vs. dollar. Yen -0.51%. Pound -0.11%.
0201, yep, very intelligent:
unclefulbert • Apr 10, 2012 11:36 AM
5 users liked this posts users disliked this posts 1
Spring used to have some good ideas to share, balanced or otherwise. Lately, ever since he discovered the term "bovine feces", all I got from him are sarcastic one liners of name callings.
He must be frustrated in staring at the presidential election polls showing obama leading all GOP candidates except one card board cutout.
No wonder the PAHGCC was very busy. Serious Silicone Valley moneys from Facebook, Netflix, Twitter and even HP booking up holiday powwows this year.
cash, yep, just like the pope did a few weeks ago on the failed trickle down capitalism. Recall a year ago, we were debating the 2-percenters, OWS and 400 families has more wealth than lower 50% of Americans and : Sep 21, 2011 - Talk about a concentration of wealth. There are 18 families with multiple members on the Forbes 400 this year. ... Some people create their own billion-dollar fortunes. ... Sam's three surviving children all rank in the top twenty richest; adding their fortunes to the other three Waltons on the list gets a combined ... etc etc
blogger, Billy and I disagreed on Dubya's wars but he usually put up serious thoughts and back them up with data or sources. Springs/Stella's messages had gone down to pure mud slinging since Barrack won his 2nd term. Pity to him and those like him, over 3 more years to go.
Markets open slightly lower
Dow -0.26% to 15985. S&P -0.22% to 1804. Nasdaq -0.20% to 4060.
Treasurys: 30-year +0.56%. 10-yr +0.31%. 5-yr +0.12%.
Commodities: Crude +1.08% to $98.39. Gold +2.64% to $1266.8.
Currencies: Euro +0.25% vs. dollar. Yen -0.49%. Pound -0.07%.
BARCELONA, SPAIN -- (Marketwired) -- 12/10/13 -- HP today announced an innovative collaboration with Conservation International (CI) -- a leading non-governmental organization dedicated to protecting nature for people -- to dramatically improve the accuracy and speed of analysis of data collection in environmental science.
The initiative, called HP Earth Insights, delivers near-real-time analytics and is already yielding new information that indicates a decline in a significant percentage of species monitored. The project serves as an early warning system for conservation efforts, enabling proactive responses to environmental threats.
HP Earth Insights applies HP's big data technology to the ecological research being conducted across 16 tropical forests around the world by CI, the Smithsonian Institution and the Wildlife Conservation Society, as part of the Tropical Ecology Assessment and Monitoring (TEAM) Network. Tropical forests are home to approximately 30 million species -- half of all the plants and animals on earth -- and generate 40 percent of the earth's oxygen. According to the United Nations Environment Programme, tropical forests are vanishing at a rate of about 18,000 square miles (4.6 million hectares) per year. Data and analysis from HP Earth Insights will be shared with protected area managers to develop policies regarding hunting and other causes of species loss in these ecosystems.
"HP Earth Insights is transforming environmental science. Until now, the right data, the technology and scale have been noticeably missing from our field," said Peter Seligmann, chairman and chief executive officer, Conservation International. "What once took a team of scientists weeks, months or more to analyze can now be done by a single person in hours."
rah, If a 71 year old man opts out of Medicare and purchases obamacare from the exchange, the cost is $4,500 more. So, what is the punch line?
You know how much Medicare A+B+C+D+dental+eyecare cost for a 71 year old???? I am surprised that the cost differential is not more than $4,500 a year.
rah, That's the exact effect, i.e. free ride for the upper income folks on HC costs is over with Obamacare.
But, you know the source was bogus as Reid is an ancient man, long been under el. cheapo Medicare.
QE-tapering watch now on:
On the hour
Euro +0.26% vs. dollar.
Crude -0.08% to $97.57.
Gold +0.47% to $1234.8.