Financial Review

New Ways to Hail a Taxi Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSStocks drift. Oil jumps. Jobless claims drop. AZ bad jobs numbers. Underwater mortgage update. Walmart gets bigger. Earnings confusion. US cancels private prison contracts. Harley emissions scam. Bankers still behaving badly. Autonomous Ubers and driverless flying buses. Seriously. Financial Review by Sinclair Noe for 08-18-2016


Monday, December 17, 2012 – Unconnected Dots

Unconnected Dots by Sinclair Noe DOW + 100 = 13,235SPX + 16 = 1430NAS + 39 = 301010 YR YLD +.05 = 1.76%OIL +.71 = 87.44GOLD + 1.90 = 1699.10SILV -.03 = 32.38 President Obama and House Speaker Boehner met at the White House today. Aides from both parties said they were optimistic that a deal could be reached in the coming days to avert the “fiscal cliff,” as lawmakers set the stage for action before a year-end deadline. A senior Republican aide said: “There’s been too much progress at this point and neither guy wants to go over the cliff.” Although both sides still had major differences, investors were cheered by signs of progress. Major market indices moved higher in the afternoon, and some of that was the feel good part of the news cycle; we certainly need some good news. Now, we sit back and see whether it was yet another rumor. Boehner, the speaker of the Republican-controlled House of Representatives, has edged closer to Obama’s demand to raise taxes on the wealthiest Americans. In return, Obama is considering a measure that would slow the rate of growth of Social Security retirement benefits by changing the way they are measured against inflation. Boehner has put forward a tax increase for those earning over $1 million annually, while Obama wants that threshold set at $250,000. Republicans could probably stomach a tax hike on incomes above $500,000. Boehner could float the broad outlines of a deal with rank-and-file members on …