Financial Review

About Face

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-08-15-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..Trump reverts, CEOs flee. CBO says it pays to fund ACA. Retail sales bounce. Consumer debt climbs. Import prices up. Biz inventories up. HD and TJX earnings. Gates donates. More info at Financial Review by Sinclair Noe for 08-15-2017

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Wednesday, November 28, 2012 – If They Don’t Jump, I Might Push Them

If They Don’t Jump, I Might Push Them by Sinclair Noe DOW + 106 = 12,985SPX + 10 = 1409NAS + 23 = 299110 YR YLD – .03 = 1.62%OIL – .52 = 86.66GOLD – 22.00 = 1720.80SILV – .28 = 33.87 I am getting so sick and tired of this fiscal cliff malarkey* (* a politically acceptable euphemism, according to the debates), that I would like to throw some politicians off a fiscal cliff; maybe we could toss in a few media types as well. Today, I hear that stocks moved higher because John Boehner, the Speaker of the House, said he was optimistic about not going over the cliff. Really? That’s all it takes for stocks to post triple digit gains? Maybe tomorrow, Mr. Boehner can tell us he is both optimistic, and confident, and chipper, and slightly perky, and everything in his universe is copacetic; and the markets could celebrate with a monster rally. I don’t think this is the real motivation for market moves but it might be, but I don’t think so. On Friday, President Obama will hit the road to promote his version of fiscal cliff avoidance. Business executives and others who’ve met with President Barack Obama in recent days describe a president who’s supremely confident that he’ll come out on top of a fiscal cliff deal; with Republicans bending to his will on tax increases for the wealthy and Democrats sucking up deep spending cuts. You have to wonder about the austerity advice …

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Friday, October 26, 2012 – Thank God It’s Friday

DOW + 3 = 13,107SPX – 1 = 1411NAS – 1 = 298710 YR YLD – .08 = 1.75%OIL -.43 = 88.30GOLD + .80 = 1712.10SILV – .02 = 32.19 PLAT – 16.00 = 1551.00 The U.S. economy grew in the third quarter, the GDP grew at a 2% rate, a bit stronger than the 1.7% expected by economists, and up from the 1.3% rate in the second quarter. Consumer spending and federal government spending increased and the housing market and home construction were areas of strength. Business spending continued to be a drag. GDP is the broadest measure of an economy’s health, and represents the value of all goods and services produced in the US. GDP has been positive since the third quarter of 2009, but today’s report, although better than expected, really can’t be considered more than moderate growth. Consumer spending increased at a 2% pace. Business investment fell by 1.3% in the third quarter, subtracting 0.1 percentage points from growth. Farm inventories dropped due to the drought and that subtracted 0.4 percentage points from GDP growth. Government spending increased 3.7%, with the lions’ share coming from the federal government and a fairly flat spending pattern from local governments. Investment in the housing sector jumped 14.4%. Inflation as measured by the Consumer PCE or Personal Consumption Expenditures Index increased to 1.8% from 0.7% in the second quarter; most of that increase was due to high gasoline prices, which have started moving lower in the current quarter. Imports dipped …

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