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Standby button next week...once the news hit the wire...you know what to do...yes..press "enter"
Threat of a US federal govt shutdown next week in a budget battle hung over Wall Street, leaving the Dow and the S& P 500 lower for the week.
Concerns rose as the deadline for a budget deal neared, with a divided Congress heading down to the wire to find a plan for funding operations on the start of the 2014 fiscal year Tuesday.
A mistake in perception about a Washington budget deal " could cause markets to drop precipitously because the unexpected occurred."
A congressional deal is still the most likely scenario, said Art Hogan, head of product strategy for equity research at Lazard Capital Markets. But " in the back of most traders' minds is 'what if?'
http://en.wikipedia.org/wiki/United_States_federal_government_shutdown_of_1995
The last shutdown was....Nov 14 through Nov 19, 1995 and from Dec 16, 1995 to Jan 6, 1996, for a total of 28 days.
teeth53 ( Date: 23-Sep-2013 22:27) Posted:
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Hi Starlene. Thk n missed out ur post, really..sori, Din vest in Rex when it hit 70cts. Between REX n YHM. YHM caught my attention (vested abit).
Wish U huat huat...too, on ur choices.
starlene ( Date: 24-Sep-2013 08:53) Posted:
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Hi Teeth,nice to see comments..did u buy REX near 70cts level not long ago.i nibble a bit only...mainly in Rowsley now but took quite a bit of $$$ off the table ..banking on Maxi-cash 1 for 10 bonus waiting for it to spike to 62cts like the very last round...
http://money.cnn.com/2013/09/23/news/economy/shutdown-economy/index.html?iid=HP_Highlight
Would be inconvenient and frustrating, n depends on how long it lasts.
teeth53 thot - Showmanship or showdown???. this wk, starting tonite.
Would be inconvenient and frustrating, n depends on how long it lasts.
teeth53 thot - Showmanship or showdown???. this wk, starting tonite.
U.S. living on borrow debt again...?.
Unanswered questions weighing on the Investors. Chief among them: When will Federal Reserve finally begin cutting back on its monthly $85 billion bond-buying program?.
Will the U.S. government shut down on Oct. 1 or default on its debt?
teeth53 thot - Anything can happen during d last hours, in order to save the day.
http://money.cnn.com/data/fear-and-greed/
Previous closed / last closed - at 47 points. Gear toward neutral rather then extreme fear.
Isit time to pick stocks selectively..??.
teeth53 ( Date: 07-Jul-2013 00:24) Posted:
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Japan's national debt: $10.42 trillion (S$13 trillion), and still counting...more than twice the size of of its economy.
http://www.straitstimes.com/the-big-story/asia-report/japan/story/japans-national-debt-end-june-tops-record-figure-13-trillion-2
Japan's eye-watering national debt has topped one quadrillion yen, a record figure that underlines Tokyo's struggle to curb its huge borrowing.
Tokyo has the dubious distinction of having, proportionately, the biggest debt pile among industrialised nations.
The lion's share of that debt is from long- and short-term Japanese government bonds, as well as other borrowing.
The staggering figure, about 1.7% higher than the previous quarter, comes a day after Japan pledged to slash its budget and get spending under control.
Japan has not faced a public debt crisis like the kind seen across the debt-riddled eurozone, largely because most of its low-interest debt is held domestically rather than by international creditors.
IMF and others have issued warnings on Tokyo's ever-increasing borrowing, after a series of sovereign credit rating downgrades in recent years.
This week the IMF called on Japan to adopt a " credible" fiscal plan to repair its books, including raising sales taxes to generate new revenue.
Prime Minister Shinzo Abe's govt is mulling whether to go ahead with a series of sales tax rises that would double the rate to 10% by 2015, a key source of new income but one that some fear would stall his economy-boosting plan dubbed " Abenomics" .
Japan's national debt: $10.42 trillion (S$13 trillion), and still counting...more than twice the size of of its economy.
http://www.straitstimes.com/the-big-story/asia-report/japan/story/japans-national-debt-end-june-tops-record-figure-13-trillion-2
Huge debt-servicing costs as well as bulging social welfare spending have hampered Japan's efforts to pare its public debt. Tokyo has the dubious distinction of been piling among industrialised nations.
Federal Reserve (Ah Ben) will it keep its foot on the gas pedal for the foreseeable future, in its controversial effort to stimulate the recovery...???.
Stocks: Holding onto record highs
U.S. stocks were expected to open little changed as investors await for more corporate results and Bernanke comments. More
http://money.cnn.com/data/fear-and-greed/
- Fear & Greed Now: 40 (Fear)
- Fear & Greed Previous Close: 32 (Fear)
- Fear & Greed 1 Week Ago: 22 (Extreme Fear)
- Fear & Greed 1 Month Ago: 32 (Fear)
- Fear & Greed 1 Year Ago: 58 (Greed)
Last updated Jul 5 at 4:48pm
Seven Fear & Greed Indicators
How we calculate the index More »Stocks have outperformed bonds by 8.23% points during the last 20 trading days. This is close to the strongest performance for stocks relative to bonds in the past two years and indicates investors are rotating into stocks from the relative safety of bonds.
http://www.npr.org/blogs/thetwo-way/2013/05/14/183985472/huge-boost-in-u-s-oil-output-set-to-transform-global-market
U.S. oil production is rising sharply and increased output from shale will be a " game changer" in global energy markets in coming years, according to a new report out Tuesday by the International Energy Agency.
" U.S. shale oil will help meet most of the world's new oil needs in the next five years, even if demand rises from a pick-up in the global economy," the Paris-based agency said in its five-year outlook, called the Medium-Term Oil Market Report.
" North American supply is even bigger than we thought. A real game changer in all way," said Maria van der Hoeven, the IEA's executive director. North American production has set off a " supply shock that is sending ripples throughout the world" and urged the US to dismantle the Export Administration Act of 1979, which bans the sale of U.S. crude abroad, except to Canada and Mexico.
" This issue is on the table. I think it has to be addressed because if there are no export licenses for crude, then the industry will find different ways, as they are looking for now already with processed, half-processed products, things like that," van der Hoeven said.
The IEA report forecasts:
" North American supply to grow by 3.9 million barrels per day from 2012 to 2018, or nearly two-thirds of total forecast non-OPEC supply growth of 6 [million barrels per day]. World liquid production capacity is expected to grow by 8.4 [million barrels per day] – significantly faster than demand – which is projected to expand by 6.9 [million barrels per day]. Global refining capacity will post even steeper growth, surging by 9.5 [million barrels per day], led by China and the Middle East."
Benchmark oil prices are set to decline further this week after the US Federal Reserve Chairman Ben Bernanke put markets on notice last Thursday that they will be weaned off the " easy-money" policies that have been so central to supporting risk assets such as commodities.
Tuesday - NEW YORK: Global oil prices rose modestly after a rash of positive US economic data underpinned hopes for stronger growth in the world's largest economy. The small rally came as traders awaited the US govt's weekly report on the nation's petroleum supplies due Wednesday.
New York's main contract, West Texas Intermediate light sweet crude for August, closed at $95.32 a barrel, an increase of 14 cts from Wednesday's closing level. In London trade, Brent North Sea crude for delivery in August rose 10 cts to settle at $101.26 a barrel.
Upbeat US indicators pointed to improvement: Durable goods orders climbed better-than-expected 3.6% in May. The recovering housing sector, sales of new homes in May rose at the fastest since July 2008, and consumer confidence surged to a five-year high in June, far above analyst expectations.
While the data helped to support crude prices, it also lifted the dollar, which in turn " added some downward pressure to the WTI," said David Bouckhout of TD Securities.
http://money.cnn.com/2013/05/14/news/world/oil-iea-demand/index.html?iid=HP_LN
Booming North American oil production is reshaping world markets and will help satisfy the growing thirst for oil in the developing world, according to the International Energy Agency (IEA). Is sending ripples throughout the world.
IEA Exe Director. Maria van der Hoeven. " This is helping to ease a market that was relatively tight for several years."
Growing North American production will help the U.S. meet its own energy demands, cut back on imports n instead start flowing to emerging mkts.
The Paris-based IEA forecasts that North America's oil supply will grow by nearly 4 million barrels per day between 2012 to 2018, amounting to nearly 50% of global output growth over that period.
" The shock waves of rising U.S. shale gas, light tight oil and Canadian oil sands production are reaching virtually all recesses of the global oil market," stated the IEA report.
The U.S. is experiencing an oil boom, in large part thanks to high world prices and new technologies, including hydraulic fracking, that have made the extraction of oil and gas from shale rock commercially viable.
The IEA says the shift will be seen this quarter, with demand from developing countries hitting 54% of the global total by 2018, up from 49% in 2012.
Related: U.S. to become biggest oil producer
The country leading this move is China, the world's 2nd largest consumer after the U.S., which has been guzzling oil at an ever faster rate. The report forecasts that Chinese demand for oil will rise by 25% between 2012 to 2018, while U.S. demand will steadily decline.
http://money.cnn.com/2013/05/01/news/economy/federal-reserve-stimulus/index.html?iid=HP_LN
Central bank pointed to a high unemployment rate and low inflation as key reasons why it will continue buying $85 billion a month in mortgage-backed securities and Treasuries.
That policy, known as quantitative easing, has already injected $2.5 trillion into the economy since Dec 2008. The aim is to keep long-term interest rates low and thereby stimulate spending.
The Fed said it stands ready to either " increase or reduce the pace" of those purchases in response to economic activity.
U.S.Will regain it role as US oil, gas look set to fuel Asia diplomacy. From 60% dependable from oil imported, now oni 40% n still falling.
http://sg.finance.yahoo.com/news/why-stocks-trounced-currencies-q1-130500100.html
US 1st Q of 2013 draws to a close, but several factors, including economic data, central bank policy, and political risks, made Q1 a forgettable quarter for many world currencies.
The past 3mths have certainly been a tumultuous time in the forex mkts, but for equity traders, there's hasn't been a better time to be in the markets!, for some investors to believe how stocks could be doing so well given the current state of the global economy, and to understand why investors are buying equities and selling currencies.
While US data has improved, the performance of the US economy has been less than outstanding, and there are plenty of reasons why central banks still view the recovery with skepticism. then, it's this same level of skepticism that has helped equities perform so well b'cos improvement in mkt sentiment is exactly what central banks have been trying to achieve.
Federal Reserve and its counterparts around the world are still engaged in aggressive monetary easing, and in doing so, they are pushing the return in bond investments lower and driving investors into riskier assets like equities.
Combine that with the initial evidence of a stronger US recovery and problems in Europe and we can understand why investors are buying stocks so aggressively.
See also: 4 Catalysts for Renewed Risk Aversion
See related: The New Epicenter for Eurozone Problems
Watch for upbeat U.S. economic data...good news n as well as bad news.
While bad news is in work in progress, it good news is....
Stocks wrapped up one of the best weeks of the yr. Dow Jones industrial average & S& P 500 closed higher for the 6th straight trading day and ended the wk up more than +2%.
The Dow has closed at record highs for four consecutive days, and the S& P 500 is only about 1% below its all-time high. (STI too, it closed of best this 1st Qs of this yr)
teeth53 ( Date: 02-Jan-2013 13:12) Posted:
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Ultimately, it may take another 11th hours deal between Mr Obama and congressional Republicans to set a fiscal path forward as part of the deal to raise the debt ceiling.
The U.S. Treasury is expected to exhaust its borrowing capacity around late July or early August.
Reuters, AFP
teeth53 ( Date: 06-Jan-2013 13:14) Posted:
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http://www.cnbc.com/id/100584821
A grueling, all-nite debate ended close to 5 a.m. Senate on Sat adopted its 1st budget in 4 yrs, a $3.7 trillion blueprint for 2014 that would fast-track passage of tax increases, trim spending gingerly and leave the govt still deeply in the debt a decade from now.
The Senate plan, includes $100 bil upfront infrastructure spending to stimulate economy and calls for special fast-track rules to overhaul the tax code and raise $975 bil over 10 yrs through legislation that could not be filibustered, with that tax increase and prescribed spending cuts, the Senate plan would leave the govt with a $566 bil deficit in 10 years, and $5.2 trillion in additional debt over that time.
Senate budget is creating jobs and economic growth from the middle out, not the top down,” Ms. Murray, the chairwoman of the Budget Committee, said. “With an unemployment rate than remains stubbornly high, and a middle class that has seen their wages stagnate for far too long, we simply cannot afford any threats to our fragile recovery.”
50-49 vote sets up contentious — and potentially fruitless — negotiations with the Republican-dominated House.
Republicans were dismissive of the Democrats’ priorities.