Financial Review

Trump Budget

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-05-23-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..Trump budget proposal includes big increases in defense spending and big cuts to social programs. Based on 3% GDP growth. Hits Social Security and Medicaid. Let the budget battles begin.   Financial Review by Sinclair Noe for 05-23-2017

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Wednesday, March 05, 2014 – Not Much Change

Not Much Change by Sinclair Noe DOW – 35 = 16,360SPX – 0.1 = 1873NAS + 6 = 435710 YR YLD + .01 = 2.70%OIL – 2.40 = 100.93GOLD + 2.40 = 1337.80SILV + .02 = 21.26 ADP, a payroll processing company, reports its own monthly jobs estimate each month, just before the government comes out with its monthly jobs report. Today, ADP said the economy added 139,000 new jobs in February; they revised the January number down to 127,000 from the previously reported 175,000. When the Labor Department reports on jobs Friday morning the best guess is about 150,000 jobs and the unemployment rate holding at 6.6%. So, the ADP report is reasonably close. Separately, initial jobless claims for the past week did not point to any improvement in the labor market with initial claims up 14,000 in the February 22 week to a 348,000 level. In other news, the Institute for Supply Management’s non-manufacturing index slipped to 53.5 in February from 54 the previous month. This afternoon the Federal Reserve published its Beige Book, which is a compilation of reports and observations from the 12 Fed districts. Growth slowed in Chicago and activity was stable in Kansas City. While the other eight districts reported growth, the Fed said it was characterized as “modest to moderate” in most cases, an overall downgrade from its last report on January 15, which showed “moderate” growth in nine regions. Business contacts were still upbeat, and real estate activity picked up in some …

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Tuesday, February 05, 2013 – Cutting to Spite Ourselves

Cutting to Spite Ourselves by Sinclair Noe DOW + 99 = 13,979SPX + 15 = 1511NAS + 40 = 317110 YR YLD +.04 = 2.02%OIL + .47 = 96.64GOLD – 1.40 = 1674.00SILV +.06 = 31.92 The Congressional Budget Office released revised budget projections that show the federal deficit will drop to $845 billion this year, the first time during Obama’s presidency that the red ink would fall below $1 trillion. The budget office also said the economy will grow slowly in 2013. The reason for the slowdown is a tax increase in January and spending cuts coming in the next couple of months. A few minutes after the CBO report, President Obama spoke to the press and said those spending cuts would damage the economy and must be avoided. He asked Congress for a short-term deficit reduction package that will delay deeper cuts past the automatic start date of March 1, also known as the sequester. The automatic cuts are part of a 10-year, $1 trillion deficit reduction plan that was supposed to spur Congress and the administration to act on long-term fiscal policies that would stabilize the nation’s debt. Though Congress and the White House have agreed on about $2.6 trillion in cuts and higher taxes since the beginning of 2011, they have been unable to close the deal on their ultimate goal of reducing deficits by about $4 trillion over a decade. If the automatic cuts are allowed to kick in, they would reduce Pentagon spending by …

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