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Yellen's defence of stimulus lifts FTSE Reuters ? 13 minutes ago
Futures rising on Yellen testimony AP
http://sg.finance.yahoo.com/news/ftse-rises-yellen-defends-stimulus-093400429.html
goodo goodo happi happi everybuddy huat huat
teeth53 ( Date: 15-Nov-2013 17:32) Posted:
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Maybe the US need to be on steroids forever.
The only other solution is to get new blood.
Which will see choose?
New blood means new immigrants.
Can restructure? Can . Canada and South America are still low lying friuts still be picked, Yellon.
teeth53 ( Date: 15-Nov-2013 17:32) Posted:
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On Dr Janet Yellen. The benefits continue to outweigh the costs.
" It's important not to remove support, especially when the recovery is fragile," she said. " I believe it could be costly to withdraw accommodation or to fail to provide
" It's important not to remove support, especially when the recovery is fragile," she said. " I believe it could be costly to withdraw accommodation or to fail to provide
http://money.cnn.com/2013/11/14/news/economy/janet-yellen-confirmation-hearing/index.html?iid=Lead
Smooth sailing for Yellen..........
http://sg.finance.yahoo.com/news/obamas-health-law-finally-gets-124027848--finance.html
Americans see potential for winners and losers under health law, causing anxiety and confusion.
Associated Press - Americans start figuring out that President Barack Obama's health care law goes beyond political talk, and really does affect them.
It's not whether an expert thinks something is a better insurance policy, it's whether people perceive it that way."
A look at three groups impacted by the law's rollout..........
http://www.bloomberg.com/news/2013-10-18/fed-qe-taper-seen-delayed-to-march-as-shutdown-bites.html
The Federal Reserve will delay the first reduction in its bond purchases until March after the govt shutdown slowed fourth-quarter growth and interrupted the flow of data, economists said.
Policy makers will pare the monthly pace of asset buying to $70 billion from $85 billion at their March 18-19 meeting, according to the median of 40 responses in a Bloomberg News survey of economists. The 16-day budget impasse in Washington reduced growth by 0.3 percentage point this quarter, economists said in the survey.
Economists are adding up the collateral damage from the budget battle, including one estimate of a $24 billion bite out of the GDP. » Read More
http://www.cnbc.com/id/15837362
Wednesday voted to re-open govt and extend its borrowing through Feb 2014. This deal did nothing to resolve the underlying disputes that led to the crisis in the 1st place leading many to fear that the standoff may play out again in a few mths. The plan sets up a forum to try to forge a more permanent budget deal, but few expect it to succeed.
" We have crisis after crisis after crisis and it has a corrosive impact on the economy."
" Most CEOs spoken. They said, U.S. is seeing a slowdown in business because of this.
" We have crisis after crisis after crisis and it has a corrosive impact on the economy."
" Most CEOs spoken. They said, U.S. is seeing a slowdown in business because of this.
http://www.cnbc.com/id/101120175
Consensus maybe hard to come by, to find in Washington these days.
Down-to-the-wire budget and debt crises, indiscriminate spending cuts and a 16-day govt shutdown may not be enough to push U.S. economy back into recession. Washington's policy blunders in recent years have significantly slowed economic growth and kept roughly 2 million people out of work, according to recent estimates.
Steep spending cuts are a big reason. But the governance-by-crisis also may be prompting businesses to sit on their cash rather than building new factories, buying more equipment and hiring more workers.
Many corporate executives and economists seem to agree on one point:
Biggest risk to the world's largest economy may be its own elected representatives.
Updated 12:31 a.m. President Barack Obama signed a last-minute Congressional deal early Thursday morning to avert a damaging debt default and to reopen the government after a more than two-week shutdown.
The Office of Management and Budget said previously furloughed federal workers should report to work Thursday morning and Congressional leaders began to appoint budget negotiators to find a longer term budget solution.
U.S. House of Representatives voted to pass the stopgap bill shortly after 10 p.m. Wednesday. It got through relatively easily: 285 members voted for the legislation and 144 against it. After much opposition, House Speaker John Boehner was one of 87 Republicans to vote for the plan Representative Paul Ryan was among those who voted against it.
The deal that emerged on Wednesday basically give Obama what he has demanded for months: A straight-forward debt limit hike and government funding bill.
The deal extended U.S. borrowing authority until Feb. 7, although the Treasury Department would have tools to temporarily extend its borrowing capacity beyond that date if Congress failed to act early next year. It would also fund government agencies until Jan. 15.
The deal includes some income verification procedures for those seeking subsidies under the healthcare law, but Republicans surrendered on their attempts to include other changes, including the elimination of a medical device tax used to help pay for it.
The hawkish president of the Federal Reserve Bank of Dallas, told Reuters on Tuesday that " reckless" U.S. fiscal policy will likely force the Federal Reserve to stand pat on monetary policy this month rather than reducing bond purchases the central bank has used to help support the economy.
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Obama signed a last-minute deal early Thursday to avert a damaging debt default and to reopen the govt.
http://www.bloomberg.com/news/2013-10-17/senate-passes-accord-to-end-shutdown-as-house-set-to-act.html
The Senate voted 81-18 to halt the 16-day government shutdown and raise the U.S. debt limit, moving one step closer to ending the nation?s fiscal impasse.
The House of Representatives plans to vote later tonight and President Barack Obama supports the agreement. The Senate acted the day before U.S. borrowing authority was scheduled to lapse as Congress engaged in its fourth round of fiscal brinkmanship in less than three years.
http://www.cnbc.com/id/100968089
Senate Majority Leader Harry Reid and Republican leader Mitch McConnell announced the agreement on the Senate floor, where it was expected to win swift approval after a main Republican critic of the deal, Senator Ted Cruz of Texas, said he would not use procedural moves to delay a vote.
Weeks of bitter fighting among Democrats and Republicans over President Barack Obama's signature healthcare reform law led to a partial government shutdown on Oct. 1, sidelining hundreds of thousands of federal workers. Cruz and other Republicans backed by the conservative, small government Tea Party movement want to repeal or delay the healthcare law.
Republican and Democrat leaders in the US Senate struck an agreement Wednesday to end a fiscal impasse, hours before Washington hits its debt limit
http://www.channelnewsasia.com/news/world/senate-leaders-strike/850038.html
House expected to pass Senate deal first, could reach Obama's desk today
Breaking News - CNBC
Dow posted tonite, is crossing 200 points or up +1.3%
Stocks soar 1% on hopes for budget deal in DC all S& P sectors rally 21 mins ago - CNBC.com
你 订 购 邓 肯 甜 甜 圈 了 吗
Peter_Pan ( Date: 14-Oct-2013 10:22) Posted:
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Wednesday, 16 Oct 2013 | 9:41 AM
GOP senators hope to have deal announced by noon.
U.S. Senate negotiations on legislation to raise the country's debt limit and reopen govt agencies are nearing completion and a deal could be announced soon, senior Senate Democratic aide said on Wednesday.
Republican senators are aiming to announce a deal by noon Wednesday. There were multiple reports that the Senate bill would get a quick vote in the Hse, potentially bringing a rapid end to the crisis.
(Read more: CNBC Explains the debt ceiling)
The Democratic aide, who asked not to be identified, added that there were ``indications'' that once a deal is announced, the Senate might be able to move quickly to pass it. That could mean that Tea Party activists, such as Republican Senator Ted Cruz, do not intend to throw up procedural roadblocks.
Stocks surged, with major markets more than 1.1% higher and the S& P 500 nearing record highs. (What are markets doing now? Click here)
http://www.bloomberg.com/news/2013-10-15/republicans-revise-debt-cap-plan-while-u-s-senate-waits.html
Oct 16, 2013 5:33 AM - Republicans Revise Debt-Cap Plan While U.S. Senate Waits...
Fitch Ratings - U.S. AAA credit grade was placed on negative ratings watch, which cited the government?s inability to raise the debt ceiling in a timely manner, according to a statement after markets closed in New York.
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