tagged w/ Stocks
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Sinister outcasts from Princeton's economist Krugman - He expects the US housing market to drop 25% overall.
"I'm not one of those people who thinks the Great Depression is coming back, but there's lots of echoes. [...] I think we know more than we did then, and just the fact that we have a big federal government is a stabilizing factor. But the current problem is still pretty awesome."
At the same time, he admits that "what we're having looks like a minor-key version of the bank failures in the early 1930s. Now it's mostly not banks, it's markets that were serving the function of banks and institutions that were doing banklike stuff, and it's not as bad - at least so far. But it's a question. If we were actually having a string of bank failures, then we would know what to do. The government would essentially seize the banks and guarantee the deposits. But what do you do when you have a wave of failures of things like the auction-rate securities market, which was effectively a funny way of doing banking? If you look historically at other financial crises, they typically end up with big government bailouts. But how's that going to work in this case? We don't even know who to bail out. And part of the problem is we don't even know who owes what to whom."
I am wondering if today they really know more about troubles in the financial markets than in the 30's. The situation seems to be very different today - notwithstanding the perplexity about the economy's inner workings, which then as now seems do dominate. Not comforting, I would say...
What do you think?Sinister outcasts from Princeton's economist Krugman - He expects the US housing... more
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Xizor
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4 years ago
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Stocks are set to open lower, especially those of the big banks, after the deal for JP Morgan Chase to buy Bear Stearns at $2 per share...the dollar has fallen further...the Fed is cutting the rate it charges to loan money directly to banks...foreign markets also fell on news of the US woes...and pretty much everyone is asking the old limbo question - how low can it go.Stocks are set to open lower, especially those of the big banks, after the deal for JP... more
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Tori
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4 years ago
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What's an Emmy worth? If you're former Vice-President Al Gore, it's worth just north of $1 million a year and roughly another $48 million in stock. That's a hefty sum for a guy who of late has traveled the globe as a goodwill ambassador for mankind, stressing the need for humanity to wake up to the dangers of global warming.What's an Emmy worth? If you're former Vice-President Al Gore, it's... more
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Lose fake money and cry invisible tears--- or win and get 'discovered' -- on updown.com.Lose fake money and cry invisible tears--- or win and get 'discovered' -- on... more
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KasiaC
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4 years ago
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Part of the downturn of the stock market yesterday is being blamed on Apple releasing their Q2 forecast. Was the news that bad? Actually, no. In fact the opposite - it was pretty good: most companies would be thrilled to predict revenue increases of 29%, especially when the economy seems to be taking a turn for the worse! But that wasn't enough for Wall Street, which drove Apple shares down about $17 - apparently they wanted Apple to expect even more and when the tech wiz company didn't shoot out the moon in their predictions for the slowing economy, that was the proof that things were bad, affecting both Apple's stock and the market in general.
But it's not just Apple's fault...the market sank lower upon opening today, down about 200 points so far.Part of the downturn of the stock market yesterday is being blamed on Apple releasing... more
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Tori
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4 years ago
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Global stocks fell sharply following a 1000 point drop in the dow in 2008. It appears an American recession is enough for the rest of the world to have one too. Great.Global stocks fell sharply following a 1000 point drop in the dow in 2008. It appears... more
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Bush thinks throwing us about $500.00 is going to solve the economic crisis? How much is a mortgage payment that ballooned out of control? How much is a week's worth of groceries for a family of 4? It costs me $50.00 every time I fill up my tiny little Sentra. $500.00 is an insult to American intelligence. The real problems we're facing are the declining value of the dollar, a greedy mortgage industry about to write off their losses on tax payers, a job economy based on outsourcing since ever since NAFTA, and a looming global environmental crisis. Keep your $500.00 and fix those problems. We will profit more in the long run....
With that said I really want a Blue Ray DVD Player! Bush thinks throwing us about $500.00 is going to solve the economic crisis? How much... more
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Starbucks has sacked its chief executive Jim Donald and handed the reins back to its chairman and former chief executive, Howard Schultz.
The announcement saw shares in the firm jump more than 10% in early Tuesday trading on Wall Street.
The news is part of the coffee giant's plans to lift its fortunes, which also includes closing some US stores and slowing the pace of opening new ones.
Starbucks shares have fallen 50% in the past year as its US sales have slowed.
It will give more details of its plans when it reports results on 30 January. Starbucks has sacked its chief executive Jim Donald and handed the reins back to its... more
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Political markets - like financial markets - adjust swiftly, as yesterday's winners become today's losers and growth stocks emerge from nowhere. So, we're updating our recommendations to account for the results of the Iowa caucuses.Political markets - like financial markets - adjust swiftly, as yesterday's... more
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khsing
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4 years ago
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Wow, as if this should be surprising... but I suppose it is surprising to those who aren't living the reality millions of us are living on a daily basis. I don't support the corporate commercialization of a day that should be reverent and reflective that has been co opted by the industrial complex; so yes, this does actually make me a bit happy because hopefully this trend will continue and the people who have so mercilessly clubbed the middle class into submission for their own benefit will get a taste of their own bitter medicine. And maybe, just maybe, some who didn't buy as much as they did last year will realize that it really didn't change anything regarding the meaning of the day. In order to break this greedy corporate hold that grips America like a vice, it will be the people who will have to say enough is enough.Wow, as if this should be surprising... but I suppose it is surprising to those who... more
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"After Apple's phenomenal earnings report this afternoon, AAPL is up over 7 percent in after hours trading to $186.02. This marks Apple's market cap at $161.8 billion -- above IBM ($154.23 billion) for the first time ever."
That's a lot of iPhones..."After Apple's phenomenal earnings report this afternoon, AAPL is up over 7... more
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Coffee sales are booming on the high street... so why are coffee farmers giving up the trade? This is a unique short cut of the powerful feature documentary Black Gold.Coffee sales are booming on the high street... so why are coffee farmers giving up the... more
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