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 BigBadNIrish
Joined: 1/31/2011
Msg: 173
US Debt CrisisPage 8 of 8    (1, 2, 3, 4, 5, 6, 7, 8)

Here's just one : Dose of reality from Fed jolts markets after long upward run


Ahahahahaha....ya notice that the gloom and doom post about the fed and the stock market decline was made just a couple of days ago...right as the market was hitting an all time high...talk about an alternate reality!
 vlad dracul
Joined: 4/30/2009
Msg: 174
view profile
History
US Debt Crisis
Posted: 11/24/2013 7:07:17 AM
Right now being a thicko has its disadvantages. And being clueless on finance and financial things is not unknown to many.
But i have banged on for as long as ive been posting on how the so called 'far right' in europe is completely different to what is known as
the 'far right' over the pond.

Now i was reading this article about the front national in france and how they hope to regenerate the french economy.

What’s more surprising is that FN has a plan to fix the economy that in many ways resembles a leftist manifesto.
Nationalizing banks, raising protectionist trade barriers, handing out cash to low-paid workers—
they’re all part of the platform developed by Le Pen, 45, who took over leadership of the party two years ago from her father,
FN founder Jean-Marie Le Pen.
“The FN used to hobble along on one leg,” talking only about immigration and crime, which were its signature issues,
Marine Le Pen says in an interview at the party headquarters in suburban Paris. “When you go from 10 percent to 25
percent in the polls, you are a real party, and you need to behave that way.
I’ve immersed myself to give visibility to the economic and social program, to build a real platform on these issues.”
Le Pen says France has been “left alone, naked” to face unchecked globalization. She wants France to leave the European Union
and pull out of the euro currency so it can keep tight controls on imports while devaluing its currency “to relaunch exports and employment"
” The FN platform calls for a 3 percent tax on all imports that would be used to give a €200 ($270) monthly bonus to the country’s lowest-paid workers.
She also wants the government to play a stronger role in managing the economy—for example, by temporarily nationalizing banks and
forcing them to “clean up” their practices. “We still believe in free markets,” she says.
“The danger is ultra-liberalism, where financial markets impose all the rules.”
Le Pen isn’t the only French politician who has blasted financiers. Socialist President François Hollande proclaimed them his “enemy” during his 2012 campaign.
But he has never suggested nationalizing banks
http://mobile.businessweek.com/articles/2013-11-20/the-far-left-economics-of-frances-far-right

Now my question to those ITK about financial things is this. Would what marine le pen is saying that the front national will do
work for france or the uk, canada or the states?
Personally i would go down that route but do the ITK mob think it would work because europe is on the cusp of something huge
politically and it will of course affect over the pond.

And this just in the news.
http://abcnews.go.com/International/t/story/neo-nazi-wins-regional-election-slovakia-20994215?ref=http%3A%2F%2Fnews.google.co.uk%2F

And it is on topic as US debt will be affected by what goes on here. So if an ITK er could try and give a simple 'idiots guide to economics' one would be most
grateful.

Vlad the financial non wizard Dracul
 GreenThumbz18
Joined: 4/25/2012
Msg: 175
US Debt Crisis
Posted: 11/26/2013 11:40:56 AM
^^^^^^ always nice to hear from across the pond.

"Why does Wall Street fear Fed's taper plan? - from USA Today

NEW YORK — Wall Street, with its dependence on cheap money, is worried the stock market will suffer withdrawal when the Federal Reserve starts dialing back its stimulus.

For years, the Federal Reserve has been Wall Street's best friend as it injected tens of billions of dollars each month into the arteries of the stock market and economy — the financial world equivalent of a performance-enhancing drug.

But the Fed keeps hinting that it's getting ever closer to dialing back on its $85 billion monthly bond-purchase program, known as quantitative easing, or QE. Wall Street, despite first hearing about the Fed's plan to trim its asset purchases in May, still can't seem to get comfortable with the idea of less Fed support."

read more: http://www.usatoday.com/story/money/markets/2013/11/24/why-wall-street-fears-fed-taper/3664723/









http://www.usatoday.com/story/money/markets/2013/11/24/why-wall-street-fears-fed-taper/3664723/
 BigBadNIrish
Joined: 1/31/2011
Msg: 176
US Debt Crisis
Posted: 11/26/2013 11:52:48 AM
Ahahahahahaha....gloom and doom from the teapart poster:


always nice to hear from across the pond.

"Why does Wall Street fear Fed's taper plan? - from USA Today

NEW YORK — Wall Street, with its dependence on cheap money, is worried the stock market will suffer withdrawal when the Federal Reserve starts dialing back its stimulus.

For years, the Federal Reserve has been Wall Street's best friend as it injected tens of billions of dollars each month into the arteries of the stock market and economy — the financial world equivalent of a performance-enhancing drug.

But the Fed keeps hinting that it's getting ever closer to dialing back on its $85 billion monthly bond-purchase program, known as quantitative easing, or QE. Wall Street, despite first hearing about the Fed's plan to trim its asset purchases in May, still can't seem to get comfortable with the idea of less Fed support."


Of course then there's reality:


All three main indexes have hit fresh session highs in the last few minutes.

http://blogs.marketwatch.com/thetell/2013/11/26/stock-market-live-blog-bubble-watching-housing-tiffany/
 IgorFrankensteen
Joined: 6/29/2009
Msg: 178
view profile
History
US Debt Crisis
Posted: 12/21/2013 7:34:01 AM
The health of the stock market was detached from the health of the general economy back during the 80's. While it still bodes ill for us when it falls dramatically, when it rises, it only means that the top money people are playing games again.

Notice how when the market has fallen since 1980, the middle and working classes suffer; but when it rises, we see no change in our own outlook at all.

As for the "debt crisis," it seems to have been pushed off the top focus list again. I even heard a report a couple of days back on the radio, where an economist as explaining, albeit obliquely, that how much the government is in debt, does NOT relate directly to whether businesses expand or not, and hence has little to do with employment figures or with pay scales.
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