BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Currency Tensions Rise as Nothing Happens at IMF Meeting]]>http://www.bloggingstocks.com/2010/10/11/currency-tensions-rise-as-nothing-happened-at-imf-meeting/http://www.bloggingstocks.com/2010/10/11/currency-tensions-rise-as-nothing-happened-at-imf-meeting/http://www.bloggingstocks.com/2010/10/11/currency-tensions-rise-as-nothing-happened-at-imf-meeting/#commentsFiled under: , ,

A weekend meeting of global finance ministers was sponsored by the International Monetary Fund to deal with the growing currency imbalances in world economies. The two big players -- the U.S. and China -- instead of reaching a consensus, ended farther apart with each side digging in and pushing back against the other.

Zhou Xiaochuan, China's central bank governor told the Financial Times: "The continuation of relatively low interest rates and unconventional monetary policies by major reserve currency issuers have created stark challenges for emerging market countries in the conduct of monetary policy."

Continue reading Currency Tensions Rise as Nothing Happens at IMF Meeting

Currency Tensions Rise as Nothing Happens at IMF Meeting originally appeared on BloggingStocks on Mon, 11 Oct 2010 10:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>chinacurrencycurrency wardollargeithnerimfinthenewsMon, 11 Oct 2010 10:40:00 EST<![CDATA[Geithner Believes Unemployment Could Go Up Before It Goes Down]]>http://www.bloggingstocks.com/2010/08/03/geithner-unemployment-could-go-up-before-it-goes-down/http://www.bloggingstocks.com/2010/08/03/geithner-unemployment-could-go-up-before-it-goes-down/http://www.bloggingstocks.com/2010/08/03/geithner-unemployment-could-go-up-before-it-goes-down/#commentsFiled under: ,

Treasury Secretary Timothy Geithner really stepped out on a limb this morning on Good Morning America. He told George Stephanopoulos that the unemployment rate may go up temporarily (defined as a "couple of months") before it comes down.

I am glad to see that he is applying the old "what goes up must come down" rule we learned in elementary school to our current economic situation. Geithner said that when people are entering the work force "see a little hope that there may be jobs out there, they start to come back in again. And that can cause the measured unemployment rate to go up -- temporarily." Geithner admitted that we are still in a "tough economy," but stated expectations for "an economy that's gradually healing, gradually strengthening, businesses starting to add people back."

Continue reading Geithner Believes Unemployment Could Go Up Before It Goes Down

Geithner Believes Unemployment Could Go Up Before It Goes Down originally appeared on BloggingStocks on Tue, 03 Aug 2010 10:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>GeithnerGeorge StephanopoulosGood Morning AmericainthenewsPresident Obamatimothy geithnerunemploymentTue, 03 Aug 2010 10:40:00 EST<![CDATA[Geithner: China's Yuan Policy Hindering Global Recovery]]>http://www.bloggingstocks.com/2010/06/10/u-s-s-geithner-china-s-yuan-policy-hindering-global-recovery/http://www.bloggingstocks.com/2010/06/10/u-s-s-geithner-china-s-yuan-policy-hindering-global-recovery/http://www.bloggingstocks.com/2010/06/10/u-s-s-geithner-china-s-yuan-policy-hindering-global-recovery/#commentsFiled under: , ,

A key public official in the world's largest economy has turned-up-the-heat a notch regarding China's fixed-rate yuan currency.

U.S. Treasury Secretary Timothy Geithner, in prepared Capitol Hill testimony Thursday, said China's exchange-rate policy is preventing more-balanced global economic growth.

"The distortions caused by China's exchange rate spread far beyond China's borders and are an impediment to the global re-balancing we need," Geithner said. Allowing the yuan to float more-freely would enable China to pursue "a more effective, independent monetary policy, which is particularly important now, with China's economy facing a risk of inflation in goods and in asset prices."

Continue reading Geithner: China's Yuan Policy Hindering Global Recovery

Geithner: China's Yuan Policy Hindering Global Recovery originally appeared on BloggingStocks on Thu, 10 Jun 2010 15:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>dollarGeithnerinthenewstradeyuanThu, 10 Jun 2010 15:00:00 EST<![CDATA[G20 Scraps Fiscal Stimulus to Focus on Deficit Reduction]]>http://www.bloggingstocks.com/2010/06/06/g20-drops-fiscal-stimulus/http://www.bloggingstocks.com/2010/06/06/g20-drops-fiscal-stimulus/http://www.bloggingstocks.com/2010/06/06/g20-drops-fiscal-stimulus/#commentsFiled under: , ,

In an about face, G20 finance ministers dropped their support for fiscal stimulus. The communique from Saturday's meeting in South Korea stated: "The recent events highlight of sustainable public finances and the need for our countries to put in place credible growth friendly measures to deliver sustainability."

Back in April the G20 group was hep on continuing their stimulus programs. Their statement then called for fiscal support to "be maintained until the recovery is firmly driven by the private sector and becomes more entrenched."

Continue reading G20 Scraps Fiscal Stimulus to Focus on Deficit Reduction

G20 Scraps Fiscal Stimulus to Focus on Deficit Reduction originally appeared on BloggingStocks on Sun, 06 Jun 2010 10:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>deficit reductioneurozonefeaturedfiscal stimulusG20GeithnerinthenewsSun, 06 Jun 2010 10:10:00 EST<![CDATA[Under the Radar: Did Geithner Provide Clue About April Jobs Report?]]>http://www.bloggingstocks.com/2010/04/27/under-the-radar-did-geithner-provide-clue-about-april-jobs-repo/http://www.bloggingstocks.com/2010/04/27/under-the-radar-did-geithner-provide-clue-about-april-jobs-repo/http://www.bloggingstocks.com/2010/04/27/under-the-radar-did-geithner-provide-clue-about-april-jobs-repo/#commentsFiled under: ,

Under the radar: Some trends are obvious enough and visible to all investors. Others are more-subtle, but are just as potent, and these often slip 'under the radar.'

Case in point: U.S. Treasury Secretary Timothy Geithner may have telegraphed that conditions on the job creation front are improving, including a possible large gain in jobs in April. "You're starting to see the first signs of what we think will be a sustained period of job growth by private companies," Geithner said in an interview Monday on National Public Radio's "All Things Considered" program.

Continue reading Under the Radar: Did Geithner Provide Clue About April Jobs Report?

Under the Radar: Did Geithner Provide Clue About April Jobs Report? originally appeared on BloggingStocks on Tue, 27 Apr 2010 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Geithnerinthenewsjobsunemployment rateTue, 27 Apr 2010 16:00:00 EST<![CDATA[Geithner Believes Unemployment Will Remain 'Unacceptably High']]>http://www.bloggingstocks.com/2010/04/01/geithner-believes-unemployment-will-remain-unacceptably-high/http://www.bloggingstocks.com/2010/04/01/geithner-believes-unemployment-will-remain-unacceptably-high/http://www.bloggingstocks.com/2010/04/01/geithner-believes-unemployment-will-remain-unacceptably-high/#commentsFiled under: ,

I wish it were some kind of cruel April Fool's joke, but I watched the interview with my own eyes and heard Geithner tell Matt Lauer that the unemployment rate is going to stay high for "a long period of time." Of course, this high rate of unemployment will remain even if the government focused on cutting the country's budget deficit.

Geithner told NBC that "We're just at the point now where the economy's likely to start creating jobs on net. That means incomes are going to grow, businesses are going to invest more going forward. And we'll come out of this." Geithner added that "Right now we need to make sure that we are doing everything we can get to get this economy growing again, and creating jobs."

Continue reading Geithner Believes Unemployment Will Remain 'Unacceptably High'

Geithner Believes Unemployment Will Remain 'Unacceptably High' originally appeared on BloggingStocks on Thu, 01 Apr 2010 10:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredGeithnerinthenewsTimothy GeithnerU.S. Treasuryunemploymentunemployment rateThu, 01 Apr 2010 10:10:00 EST<![CDATA[Geithner Is 'On the Outs' with Obama, Photo Says?]]>http://www.bloggingstocks.com/2010/01/25/geithner-is-on-the-outs-with-obama-photo-says/http://www.bloggingstocks.com/2010/01/25/geithner-is-on-the-outs-with-obama-photo-says/http://www.bloggingstocks.com/2010/01/25/geithner-is-on-the-outs-with-obama-photo-says/#commentsFiled under:

The New York Post reports that Geithner is "on the outs" with Obama. After examining a recently taken AP photograph, the paper noted: "Judging from Treasure Secretary Tim Geithner's position (third to the left of Obama), he looks to be on the outs after reportedly bumping heads with the president over his plan to fix Wall Street."

An indication of just how rampant the speculation about Tim Geithner's fate as Treasury Secretary has gotten, his standing to the left of Paul Volcker and Barney Frank during a press conference is now cause for concern about his fate. The Post helpfully notes that "Customarily, Geithner has been at Obama's side whenever the president discussed topics related to Wall Street."

Continue reading Geithner Is 'On the Outs' with Obama, Photo Says?

Geithner Is 'On the Outs' with Obama, Photo Says? originally appeared on BloggingStocks on Mon, 25 Jan 2010 12:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>GeithnerinthenewsObamaMon, 25 Jan 2010 12:30:00 EST<![CDATA[Construction Spending Down .6% in November]]>http://www.bloggingstocks.com/2010/01/04/construction-spending-is-down-6-in-november/http://www.bloggingstocks.com/2010/01/04/construction-spending-is-down-6-in-november/http://www.bloggingstocks.com/2010/01/04/construction-spending-is-down-6-in-november/#commentsFiled under: , , , ,

Rising office vacancies and plant use rates are close to a record low. Under these conditions it is easy to see why there is little new construction. Maxwell Clarke of IDEAglobal Inc, said: "Construction isn't going to be adding a lot of growth, at least through the next quarter or so. November's construction numbers are down 13% from a year earlier."

Add to this the fact that the commercial default rate on mortgages held by US banks doubled to 3.4% in the third quarter. Defaults in the first nine months of 2009 are the highest since 1993.

Continue reading Construction Spending Down .6% in November

Construction Spending Down .6% in November originally appeared on BloggingStocks on Mon, 04 Jan 2010 16:15:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>construction spendingConstructionSpendingforeclosuresgeithnerstimulusMon, 04 Jan 2010 16:15:00 EST<![CDATA[Bank Executives to Testify Before the Financial Crisis Inquiry Commission]]>http://www.bloggingstocks.com/2009/12/27/bank-executives-to-testify-before-the-financial-crisis-inquiry-c/http://www.bloggingstocks.com/2009/12/27/bank-executives-to-testify-before-the-financial-crisis-inquiry-c/http://www.bloggingstocks.com/2009/12/27/bank-executives-to-testify-before-the-financial-crisis-inquiry-c/#commentsFiled under: ,

Is this the first time you've heard about the Financial Crisis Inquiry Commission? Probably. It seems that Treasury Secretary Geithner organized the commission to investigate what went wrong during the financial crisis of 2008! That's right 2008! Can you imagine -- the public has been clamoring for answers as to what happened during the meltdown, and now a year later they decided to open an investigation.

The Commission was created by Congress to examine the causes of the collapse that roiled global markets and led to a $700 billion U.S. bailout of the nation's banks.

Continue reading Bank Executives to Testify Before the Financial Crisis Inquiry Commission

Bank Executives to Testify Before the Financial Crisis Inquiry Commission originally appeared on BloggingStocks on Sun, 27 Dec 2009 14:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>big banksCrisis investigationFinancial Crisis Inquiry CommissionGeithnerGoldman SachsGSinthenewsJamie DimonJohn MackJPMJPMorganLloyd BlankfeinMorgan StanleyMSPhil AngelidesSun, 27 Dec 2009 14:20:00 EST<![CDATA[It's $6 Million Each for Fannie and Freddie Chief Executives]]>http://www.bloggingstocks.com/2009/12/26/its-6-million-each-for-fannie-and-freddie-chief-executives/http://www.bloggingstocks.com/2009/12/26/its-6-million-each-for-fannie-and-freddie-chief-executives/http://www.bloggingstocks.com/2009/12/26/its-6-million-each-for-fannie-and-freddie-chief-executives/#commentsFiled under: , , , ,

'Tis the season to be greedy! Fannie Mae (FNM) CEO, Michael Williams, and Freddie Mac (FRE) CEO, Charles Halderman, will each receive $6 million in total compensation for 2009!

How would you like to work for a company that will guarantee every single loss you have. The U.S. Treasury said that they would absorb all losses for Fannie and Freddie for the next three years, if necessary.

Continue reading It's $6 Million Each for Fannie and Freddie Chief Executives

It's $6 Million Each for Fannie and Freddie Chief Executives originally appeared on BloggingStocks on Sat, 26 Dec 2009 12:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Ben BernankeCharles HaldermanFannie MaeFNMFREFreddie MacGeithnerinthenewsJohn MackMichael WilliamsMorgan StanleyMSSat, 26 Dec 2009 12:20:00 EST<![CDATA[Geithner Expects U.S Job Growth by Spring]]>http://www.bloggingstocks.com/2009/12/23/geithner-expects-u-s-job-growth-by-spring/http://www.bloggingstocks.com/2009/12/23/geithner-expects-u-s-job-growth-by-spring/http://www.bloggingstocks.com/2009/12/23/geithner-expects-u-s-job-growth-by-spring/#commentsFiled under: , ,

U.S. Treasury Secretary Tim Geithner said he's expecting net, monthly U.S. job growth to resume by spring.

"Most economists would say that, by the spring, we'll have positive job growth," Geithner said in an interview Wednesday on ABC's "Good Morning America," while adding that it's unlikely there was any job growth in December.

Geithner also emphasized that the U.S. economy is "growing, it's getter better, getting stronger," while underscoring that the big variable in the expansion concerns when the U.S. economy starts adding jobs again.

Continue reading Geithner Expects U.S Job Growth by Spring

Geithner Expects U.S Job Growth by Spring originally appeared on BloggingStocks on Wed, 23 Dec 2009 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Geithnerjob growthjobsWed, 23 Dec 2009 16:40:00 EST<![CDATA[U.S. Treasury Secretary Geithner attacks bank bonuses]]>http://www.bloggingstocks.com/2009/12/07/u-s-treasury-secretary-geithner-attacks-bank-bonuses/http://www.bloggingstocks.com/2009/12/07/u-s-treasury-secretary-geithner-attacks-bank-bonuses/http://www.bloggingstocks.com/2009/12/07/u-s-treasury-secretary-geithner-attacks-bank-bonuses/#commentsFiled under: ,

U.S. Treasury Secretary, Geithner, was severely critical of excessive bank bonuses. In a recent interview he said, "We want to see fundamental constraints on how senior executives are paid at these institutions."

Geithner has been under fire for his actions during the bank bailouts of last year. He defended himself by saying: "The entire U.S. financial system and all the major firms in the country, and even small banks across the country, were at that moment at the middle of a classic run, a classic bank run."

Continue reading U.S. Treasury Secretary Geithner attacks bank bonuses

U.S. Treasury Secretary Geithner attacks bank bonuses originally appeared on BloggingStocks on Mon, 07 Dec 2009 10:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>bonusexecutive paygeithnerinthenewsMon, 07 Dec 2009 10:30:00 EST<![CDATA[Geithner sees 'early signs' that global imbalances are being addressed]]>http://www.bloggingstocks.com/2009/11/12/geithner-sees-early-signs-that-global-imbalances-are-being-add/http://www.bloggingstocks.com/2009/11/12/geithner-sees-early-signs-that-global-imbalances-are-being-add/http://www.bloggingstocks.com/2009/11/12/geithner-sees-early-signs-that-global-imbalances-are-being-add/#commentsFiled under: , , , ,

U.S. Treasury Secretary Timothy Geithner, attending the Asia-Pacific Economic Cooperation meeting in Singapore Thursday, told Bloomberg News he sees "early signs" that the world is addressing imbalances in spending and saving that contributed to the global financial crisis. That's likely to be interpreted as a bullish sign by institutional investors.

Equally important, meeting attendees, which include finance ministers from China, Japan, and Australia, also reiterated a pledge to maintain stimulus efforts "until a durable recovery in private demand is secured."

Continue reading Geithner sees 'early signs' that global imbalances are being addressed

Geithner sees 'early signs' that global imbalances are being addressed originally appeared on BloggingStocks on Thu, 12 Nov 2009 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Asia-Pacific Economic CooperationAsia-pacificEconomicCooperationGeithnerThu, 12 Nov 2009 17:00:00 EST<![CDATA[Senator Sanders proposes legislation to break up large banks]]>http://www.bloggingstocks.com/2009/11/06/senator-sanders-proposes-legislation-to-break-up-large-banks/http://www.bloggingstocks.com/2009/11/06/senator-sanders-proposes-legislation-to-break-up-large-banks/http://www.bloggingstocks.com/2009/11/06/senator-sanders-proposes-legislation-to-break-up-large-banks/#commentsFiled under: , , , , , , ,

US Senator Bernie Sanders, independent from Vermont, is known for his straightforward and unbiased positions.

His new legislative proposal is to break up big banks that are deemed "too big to fail." To quote Mr. Sanders: "if an institution is too big to fail, it is too big to exist. We should break them up so they are no longer in a position to bring down our entire economy."

Continue reading Senator Sanders proposes legislation to break up large banks

Senator Sanders proposes legislation to break up large banks originally appeared on BloggingStocks on Fri, 06 Nov 2009 17:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>bankingbernie sandersBernieSanderscredit cardsCreditCardsfeaturedgeithnerFri, 06 Nov 2009 17:00:00 EST<![CDATA[Buffett's star shines brightest among world's financial gurus, poll shows]]>http://www.bloggingstocks.com/2009/10/29/buffetts-star-shines-brightest-among-worlds-financial-gurus-p/http://www.bloggingstocks.com/2009/10/29/buffetts-star-shines-brightest-among-worlds-financial-gurus-p/http://www.bloggingstocks.com/2009/10/29/buffetts-star-shines-brightest-among-worlds-financial-gurus-p/#commentsFiled under: , , , , , ,

The housing bubble and subsequent "Great Recession" have tarnished the stars of a good many of the world's financial wizards, such as the former heads at Lehman Bros. and Merrill Lynch. But one respected image remains -- perhaps unsurprisingly -- on top: Warren Buffett, chairman and CEO at Berkshire Hathaway Inc. (NYSE: BRK.A).

That's according to a recent quarterly poll of investors, traders, and analysts who subscribe to Bloomberg terminals, those somewhat cryptic news and data computers that are ubiquitous on Wall Street. Buffett, who received favorable nods from 25% of those participating in the poll, walked away with a plurality of the vote, Bloomberg News reported.

Continue reading Buffett's star shines brightest among world's financial gurus, poll shows

Buffett's star shines brightest among world's financial gurus, poll shows originally appeared on BloggingStocks on Thu, 29 Oct 2009 12:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>banking crisisbarack obamaBerkshire Hathawaybill grossBRK.AConocoPhillipsCOPfeaturedfinancial crisisGEgeicogeithnerGeneral ElectricGoldman SachsGSinthenewslawrence summerslehman brothersnatural gasoilOracle of Omahapacific investment management companywarren buffettThu, 29 Oct 2009 12:50:00 EST<![CDATA[Why does Geithner always take calls from the big three bankers?]]>http://www.bloggingstocks.com/2009/10/08/why-does-geithner-always-take-calls-from-the-big-three-bankers/http://www.bloggingstocks.com/2009/10/08/why-does-geithner-always-take-calls-from-the-big-three-bankers/http://www.bloggingstocks.com/2009/10/08/why-does-geithner-always-take-calls-from-the-big-three-bankers/#commentsFiled under: , , ,

Who does our Treasury Secretary speak to most of the time? Yup. You guessed it. It's the big three bankers.

Who are they? First, we have Lloyd Blankenstein, CEO of Goldman Sachs Group (NYSE GS). Then we have Jamie Dimon, CEO of JPMorgan Chase & Company (NYSE JPM) and then CEO, Vikam Pandt of Citigroup Inc. (NYSE C).

You are probably also wondering how do we know this? The Associated Press did a review of Geithner's calendar under the Freedom of Information Act.

In his first seven months on the job, Geithner made at least 80 contacts with the "big three." Not only that Geithner jumps to the phone when they call. They are the dominant players on Wall Street who can move markets and even economies.

Continue reading Why does Geithner always take calls from the big three bankers?

Why does Geithner always take calls from the big three bankers? originally appeared on BloggingStocks on Thu, 08 Oct 2009 14:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>cgeithnergsinthenewsJamie DimonJamieDimonjpmlloyd blankfeinLloydBlankfeinvikram panditVikramPanditThu, 08 Oct 2009 14:20:00 EST<![CDATA[Geithner says we must save more -- So where are the incentives?]]>http://www.bloggingstocks.com/2009/10/07/geithner-says-we-must-save-more-so-where-are-the-incentives/http://www.bloggingstocks.com/2009/10/07/geithner-says-we-must-save-more-so-where-are-the-incentives/http://www.bloggingstocks.com/2009/10/07/geithner-says-we-must-save-more-so-where-are-the-incentives/#commentsFiled under: , ,

President Obama's Treasury Secretary Timothy Geithner told a German reporter that Americans will need to save more to pave the way for a more prosperous future.

"Everyone is going to have to come to terms with the fact that we are going to save more in the United States. . . If the U.S. starts saving more, that changes the whole world's economic reality."

I agree. The United States should start saving more. Unfortunately, the policies that the Obama administration have implemented have encouraged people to do the exact opposite -- opting for a Keynesian approach that encourages increased consumption even if there's no money to pay for it.

Continue reading Geithner says we must save more -- So where are the incentives?

Geithner says we must save more -- So where are the incentives? originally appeared on BloggingStocks on Wed, 07 Oct 2009 14:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Csh for ClunkersCshForClunkersGeithnerinthenewsUS savings rateUsSavingsRateWed, 07 Oct 2009 14:00:00 EST<![CDATA[The Fed under fire! Geithner wants to study Fed governance]]>http://www.bloggingstocks.com/2009/09/23/the-fed-under-fire-geithner-wants-to-study-fed-governance/http://www.bloggingstocks.com/2009/09/23/the-fed-under-fire-geithner-wants-to-study-fed-governance/http://www.bloggingstocks.com/2009/09/23/the-fed-under-fire-geithner-wants-to-study-fed-governance/#commentsFiled under: , , ,

The U.S. Treasury and Congress are putting pressure on the Fed to disclose its governance policies.

Almost three months ago, on June 17, the Obama administration proposed a regulatory overhaul including a "comprehensive review of the Fed's ability to accomplish its existing and proposed functions."

There is some confusion as to why the Treasury is undertaking this task. The Fed was created by Congress to be independent of the executive branch and Congress.

Continue reading The Fed under fire! Geithner wants to study Fed governance

The Fed under fire! Geithner wants to study Fed governance originally appeared on BloggingStocks on Wed, 23 Sep 2009 13:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>auditsBarney Frankbig banksChristopher DoddCongressfeaturedFederal ReserveGeithnerinthenewsRichard Shelbysupervisory councilTreasuryWed, 23 Sep 2009 13:20:00 EST<![CDATA[Closing Bell: The bull takes a tiny break (KO, FSLR, FDX, BHI, PCS)]]>http://www.bloggingstocks.com/2009/09/11/closing-bell-the-bull-takes-a-tiny-break-ko-fslr-fdx-bhi-p/http://www.bloggingstocks.com/2009/09/11/closing-bell-the-bull-takes-a-tiny-break-ko-fslr-fdx-bhi-p/http://www.bloggingstocks.com/2009/09/11/closing-bell-the-bull-takes-a-tiny-break-ko-fslr-fdx-bhi-p/#commentsFiled under: ,

Another record deficit, a Geithner likely tax boost, and higher import prices failed to significantly spook the markets even after a five or day run-up. Based on the late day recovery, where this close was going to end up was an unknown until right at the closing bell. The day was a very light day for news, so here are the closing bell levels (unofficial close):

Dow 9,603.98 -23.50 (-0.24%)
S&P 500 1,042.73 -1.41 (-0.14%)
Nasdaq 2,080.90 -3.12 (-0.15%)

Top Analyst Upgrades
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Continue reading Closing Bell: The bull takes a tiny break (KO, FSLR, FDX, BHI, PCS)

Closing Bell: The bull takes a tiny break (KO, FSLR, FDX, BHI, PCS) originally appeared on BloggingStocks on Fri, 11 Sep 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>baker hughesBakerHughescpideficitfeaturedfirst solarFirstSolargeithnermetro pcsMetroPcstaxesFri, 11 Sep 2009 16:00:00 EST<![CDATA[Treasury's Geithner pledges that U.S. will cut its budget deficit]]>http://www.bloggingstocks.com/2009/07/29/treasurys-geithner-pledges-that-u-s-will-cut-its-budget-defici/http://www.bloggingstocks.com/2009/07/29/treasurys-geithner-pledges-that-u-s-will-cut-its-budget-defici/http://www.bloggingstocks.com/2009/07/29/treasurys-geithner-pledges-that-u-s-will-cut-its-budget-defici/#commentsFiled under: ,

U.S. Secretary of the Treasury Tim Geithner has pledged to China that the United States will re-double its efforts to cut the federal budget deficit.

Record deficits are pushing the nation's debt service capacity to its limits, and major U.S. debt holders China, Japan, and Saudi Arabia are becoming concerned about possible rising U.S. inflation and an even weaker dollar. The major powers' concerns are valid: U.S. investments, no matter how profitable, won't amount to nearly as much if the dollar's value is cut in half, again.

Continue reading Treasury's Geithner pledges that U.S. will cut its budget deficit

Treasury's Geithner pledges that U.S. will cut its budget deficit originally appeared on BloggingStocks on Wed, 29 Jul 2009 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>budget deficitfeaturedGeithnerWed, 29 Jul 2009 18:00:00 EST