Financial Review

Your Money and Your Life

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-09-26-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSS  ……..Oil prices on the table in Algiers. BOJ looks at less than zero. The biggest risk – China. New home sales drop. Deutsche Bank stumbles badly. Wells Fargo Round Two. Mylan skips over inversion. Takata looks to BK. Traffic HERE. Financial Review by Sinclair Noe for 09-26-2016

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Financial Review

Wisdom of Solomon

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-06-15-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW – 107 = 17,791 SPX – 9 = 2084 NAS – 21 = 5029 10 YR YLD – .03 = 2.36% OIL – .44 = 59.52 GOLD + 4.90 = 1187.20 SILV + .12 = 16.17   Debt discussions between Greece and its European creditors collapsed last night; talks broke down after just 45 minutes. It is believed that Greece has until the eurogroup meeting on Thursday to agree on a deal or the risk of default grows enormously. It takes time for any deal to pass through parliaments and therefore any deal beyond 18 June meeting may delay payments being made to Greece to beyond the end of the month.   The other key event this week is the Fed FOMC meeting and while few people now anticipate a rate hike at Wednesday’s meeting, there could be hints that it will come in September which could spark further volatility in the markets. Despite a slow start to the year, the data is improving and we’re now seeing rising wages and spending which is necessary if inflation is going to reach the Fed’s target within the forecasting period. This month’s decision will also be accompanied by a press conference with Chair Janet Yellen; if nothing else, that means Yellen has a good opportunity to float some trial balloons.   The reality is that growth has been tepid despite …

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Financial Review

Thanks Hank

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-07-2014.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review DOW – 272 = 16,719 SPX – 29 = 1935 NAS – 69 = 4385 10 YR YLD – .07 = 2.35% OIL – 1.91 = 88.43 GOLD + 1.50 = 1209.30 SILV – .16 = 17.29 The S&P 500 dropped below its 50-day moving average last week and has yet to move back above that level. Coincidentally, the S&P 500 has been sliding for a few weeks, going back to September 19, which was the day of the Alibaba IPO, just coincidentally. The Dow is also trading below its 50 day moving average. Welcome to the start of earnings season. In the past 3 months the US dollar has jumped by 8% against the euro. That makes American goods more expensive relative to European goods. And it wasn’t just the dollar against the Euro, but against a basket of foreign currencies. It is estimated that a 5% rise in the dollar versus the euro results in a drop of about $1 for full-year Standard & Poor’s 500 Index per-share earnings; current estimates for the S&P are running around $118. Partly because of the dollar and the related decline in oil prices, earnings estimates have seen one of the largest downward revisions over the last few years aside from the weather-beaten first quarter of this year. Earnings-per-share are projected to have grown 4.9% in the third quarter, that’s down from 7.8% earnings …

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Uncategorized

Wednesday, January 09, 2013 – Miscellaneous Financial News

Miscellaneous Financial Newsby Sinclair Noe DOW + 61 = 13,390SPX + 3 = 1461NAS + 61 = 13,39010 YR YLD -.02 = 1.85%OIL +.01 = 93.16GOLD – 2.80 = 1659.00SILV – .05 = 30.46 AIG, the insurance company won’t join ex-CEO Maurice “Hank” Greenberg’s lawsuit against the US government over the insurance giant’s financial crisis bailout. Greenberg has filed a $25 billion lawsuit accusing the government of violating shareholders’ rights by bailing out AIG, because the terms of the bailout weren’t as cushy as Greenberg wanted. Thank you, AIG. Earlier this week I told you about an $8.5 billion settlement announced between the Federal Reserve and the Office of the Comptroller of the Currency with 10 big mortgage services, including Citigroup, JPMorgan and Wells Fargo over botched foreclosure claims. Now, Goldman Sachs and Morgan Stanley and other banks are expected to agree to a $1.5 billion settlement with the regulators sometime this week. The other banks haven’t been officially identified but best guess is that the group includes HSBC, Ally, EverBank, and OneWest Bank. Goldman got into the mortgage servicing business by purchased Litton Loan Servicing and Morgan Stanley bought Saxon Capital. The Fed has ordered both firms to conduct case by case reviews of foreclosures after widespread mistakes were discovered in how the firms processed home seizures. Meanwhile, Morgan Stanley plans to cut about 1,600 jobs, nearly 3 percent of its workforce. The cuts will focus on senior ranks at the bank. About half of the cuts will be …

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Tuesday, January 08, 2013 – Thank You, America

Thank You, America DOW – 55 = 13,328SPX – 4 = 1457NAS – 7 = 309110 YR YLD -.03 = 1.87%OIL +.06 = 93.25GOLD + 13.20 = 1661.10SILV + .24 = 30.50 Some people have debated what we should do if the banks get into trouble again; should they be bailed out? The Too Big to Fail Banks of 2008 are even bigger today, and if one collapses, then there would likely be a cascading effect through the global financial system. So, if a big financial institution gets into trouble, should there be a bailout, or do we just say “tough luck”? You probably have an opinion, and reasonable people can debate the issue, or at least there could be room for reasonable debate, until now. As of today, there is no more debate. If you go to Webster’s Dictionary and look up the word “ingrate”, you will find a picture of Maurice “Hank” Greenberg; the guy who founded American International Group, AIG, the huge insurance company that in 2008 accepted a $182 billion dollar bailout from the Treasury. Hank Greenberg, the former CEO of AIG is contending in a lawsuit that the government treated the company’s shareholders too harshly when carrying out its 2008 rescue of the insurance giant. AIG is weighing whether to join the lawsuit, filed by Mr. Greenberg’s investment firm, Starr International Company, which owns about 12% of AIG. In addition to founding AIG, Greenberg gained notoriety for a high profile fraud case in 2005 that …

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