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Five Posts in One Short Blog

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December 11, 2009 – Comments (2)

Many people post blog after blog, but I've decided to reverse that trend by posting multiple blogs into one short blog - yet retaining every bit of information.  Impossible you say, I say let the free market prove you wrong!

(First notice how the headlines are linked directly to the article - by removing the "Click this link" text, I've completely revolutionized blogging from this day forward.)

Headline 1) Moody's sees no threat to U.S. top rating for now

Synopsis: Of course Moody's sees no threat to the US rating - we can REGULATE them!  What are they going to do, downgrade us, make politicians mad and go down the road to regulation hell?  Highly doubtful.

Headline 2)OIL FUTURES: Crude Dips Below $70/Bbl On Oversupply Worries

Synopsis: Oil has been dropping since October. The economy can't be moving forward if energy consumption isn't increasing.

Headline 3) November retail sales rise more than expected

Synopsis: After removing cars and petroleum prices, sales increased by .8%.  Not bad, but add in that in the same period, import prices were up 1.7%, it's hard to say that sales increase - rather prices increased and sales declined slightly.

Headline 4) China recovery gathers pace as export slump eases

Synopsis: In a world of diminished expectations, this sentence says it all (emphasis added) "The trade figures for November were the best in a year with exports falling just 1.2 percent from the same month of 2008."

Headline 5) EU calls for global financial levy

Synopsis: Politicians believe by increasing taxes on bonuses they will bring pay into alignment and curtail some of the risk financial companies take.  So let's get this straight - if Banker X kept 85,000 of his 125,000 bonus last year, he will have to get a bonus of 170,000 if his tax rate is going up to 50%.  And this will make bankers LESS likely to take risks?  I suggest the exact OPPOSITE happens, and bankers maker riskier investments to maintain their pay.

 

 

 

2 Comments – Post Your Own

#1) On December 11, 2009 at 11:04 AM, Option1307 (29.92) wrote:

Thanks for the links, some great articles!

I'm not surpirsed about oil finally coming down, it has been long overdue. Oil could only stay high on little/zero demnd for so long.

I like your multiple posts in one idea, but if you split them up it would be better for charity!! See here for details and stop by to drop a line...

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#2) On December 11, 2009 at 12:15 PM, russiangambit (29.30) wrote:

> After removing cars and petroleum prices, sales increased by .8%.  Not bad, but add in that in the same period, import prices were up 1.7%, it's hard to say that sales increase - rather prices increased and sales declined slightly.

Right. CNBC had some nonsense on their Web site about it saying  ( I don't remember the exact words) " rising retail sales a sign of improving economy". What is their constant compulsion to put positive spin on everything? In the old days it was called lying.

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