Related: The Market is Manic Depre$$ive
Must be because it is under the care of the Federal Reserve printing press.
"Remarks from the St. Louis Fed’s president helped to buoy the market; he suggested the Federal Reserve may delay the end of its bond-buying stimulus program.
That means they are going to continue to print out money because there is nothing else they can do, and because if they don't print more money the $y$tem will collapse, and if they do print more money the $y$tem will collapse.
Stocks rose on the prospect of continued Fed support, but the rally didn’t hold up. The choppy trading came after a week that saw a broad slump on world markets, in large part due to fears the eurozone is falling into recession, or even deflation.
Which is what happens when you simply print money to shower on Wall Street to buy government and bank bonds bundled with who knows what while pouring money into the pockets of the 1%. Then they can bet against them and clean up on both sides before another bailout is needed.
And doubts persist about the US recovery."
They most certainly do not!!!!
"US stands strong despite fear over global slowdown" by Paul Wiseman | Associated Press October 17, 2014
WASHINGTON — Beyond the turmoil shaking financial markets, the US economy remains sturdier than many seem to fear.
I must say war and fear are the two ideas most promoted by my paper. The framing terminology is used in almost every article.
The Dow Jones industrial average has lost 874 points since Oct. 8, largely over worries about another recession in Europe, a slowdown in China, and world-spanning crises that include the Ebola outbreak and the rise of the Islamic State.
Look, a couple of frauds to advance the agenda and divert your attention from the looting as this economy collapses like a WTC tower on 9/11.
Yet economists aren’t reducing their forecasts for the US economy. The International Monetary Fund, which heightened jitters by cutting its forecasts for global growth, has actually upgraded its outlook for the United States.
Economists say the troubles around the world aren’t enough to derail a US economy that is gaining strength from a stronger job market, falling fuel prices, lower mortgage rates, and improvements in household finances and confidence.
Yeah, EVERYTHING IS GREAT, can't you tell?!!!
‘‘The US economy is nicely insulated from most global events,’’ said Eric Lascelles, chief economist for RBC Global Asset Management.
If that isn't the most hubristic statement ever made?
I'll keep that in mind as the politicians, Obama, and the economists blame overseas events for the AmeriKan retraction that is coming, as well as when we are told the global-interconnectedness of the economy means more globalism is the solution because that is what will be proposed.
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The IMF spooked investors last week by cutting its forecast for global economic growth this year to 3.3 percent from 3.4 percent. Even so, the IMF now expects the US economy to grow 2.2 percent this year, up from its June forecast of 1.7 percent.
That growth rate isn't enough to employ all the people entering the workforce, and is downright pathetic. 2% is now a roaring economy? Then the elite really have grabbed all the loot and nothing is left.
Underscoring the bright outlook, the government said Thursday that the number of Americans who applied last week for unemployment benefits, a figure that reflects the number of layoffs, reached a 14-year low.
That can go in one ear and out the other.
Who believes anything a lying, $elf-$erving government says?
Once the growth of the US labor force is factored in, the latest number means the likelihood of being laid off is the lowest it has been on government records dating to the early 1970s.
Oh, yay! What a great economy!
So how many people fell off the rolls, because those looking for work are at an all-time high in this country.
In addition, the Federal Reserve said Thursday that US manufacturing production rose last month after tumbling in August.
Ignore the rising inventories and dropping sales.
For now, investors remain so worried about weakness across the globe that they have been dumping stocks of every geographic or industry origin.
It's called profit taking.
Near the top of their worries is Europe.
Related: Look to Europe for investing bargains, pros say
Oh, they look really worried!!!
The 18-country eurozone’s economy failed to grow at all in the second quarter of the year and might not do so in the third quarter, either....
So it stayed flat?
Or did it actually retract and therefore that is obscured by my bu$ine$$ pre$$titute.
Speaking at the Economic Club of Washington two weeks ago, Jeffrey Zients, director of the White House’s National Economic Council, called Europe ‘‘our number one area of concern’’ and said the continent could slide into its third recession since 2008.
Oh, a TRIPLE-DIP GRAND DEPRESSION!!!!
Still, economists downplay Europe’s effect on the American economy.
Then you should be very, very concerned.
For one thing, Europe’s struggles aren’t new; it has been flailing for years. All the while, the US economy has been steadily gaining momentum.
As the ma$$ media $hit shoveling steadily gains momentous steam.
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I didn't see any doubts there!
"Profit climbs at Google, but search ad growth slows" by Conor Dougherty | New York Times October 17, 2014
Google Inc. is still pulling in money hand over fist, but in its latest earnings report Thursday there were signs that its ultraprofitable business in search advertising was starting to slow.
Although the company’s revenue for the third quarter increased 20 percent from the same period last year, the cost per click — the average price the company is paid each time a user clicks on ads — was down 2 percent compared with the quarter a year ago, and was flat from the second quarter.
The cost-per-click measurement has fallen for several years as people spend more time with mobile phones.
***********
That is a concern for investors because even though Google has expanded beyond its core search business, nothing has been as profitable as that original golden goose in search.
That is for whom the paper is written of and for, by slavish wannabes.
“Google’s core search business is the best Internet business model ever created,” said Jordan Rohan, founder at Clearmeadow Partners, a strategic advisory firm.
Google’s revenue was $16.52 billion in the third quarter, the company reported in results released after markets closed Thursday. Net revenue, which excludes payments to the company’s advertising partners, was $13.17 billion, up from $10.78 billion in the same period a year ago. Net income increased 5.6 percent, to $2.81 billion....
Almost a BILLION a MONTH!!
Overall, the earnings were somewhat short of expectations, and the company’s stock fell in after-hours trading.
That won't help when trading begins again.
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Had to search a while to find this:
"Trading unit helps lift Goldman Sachs" by Nathaniel Popper | New York Times October 17, 2014
NEW YORK — Goldman Sachs Group turned in significantly better third-quarter results than expected Thursday, thanks to a long-awaited improvement in trading conditions for Wall Street banks.
The rigged market rigged even more in their favor?
Goldman’s earnings rose to $2.24 billion, from $1.52 billion in the third quarter of 2013.
*************
“The combination of improving economic conditions in the US and a strong global franchise continued to drive client activity across our diverse set of businesses,” said the chief executive, Lloyd C. Blankfein.
Just doing God's work (a messianic sickne$$).
The results were driven by the trading division, where revenue rose 32 percent from the third quarter of 2013. The most impressive results came from the bank’s so-called fixed-income trading desks, where bonds and derivatives are bought and sold....
$ame old $hit.
Despite the stellar performance, shares of Goldman closed down more than 2.6 percent Thursday. The stock could be falling, in part, because some of the elements that contributed to Goldman’s strong results are not viewed by investors and analysts as being sustainable over the long term.
Another f***ing house of cards fraud leading to their cooked results.
The investing and lending division, which buys and sells companies and real estate with the firm’s money, grew revenue by 15 percent compared with the same period a year ago. But some of the most profitable parts of that operation are expected to shrink in the coming years due to new regulations.
The bank also bolstered profit by reducing the percentage of revenue set aside for employee compensation, even as it increased its head count 3 percent during the quarter. The bank set aside 33 percent of its revenues in the quarter for compensation, down from 35 percent last year, and 40 percent for the year so far.
So the bonuses might not be as big this year.
The bank said it had benefited from increased market volatility.
Say what?
Related: Goldman Sachs: “Engineering Every Major Market Manipulation Since The Great Depression”
Not a "free" market.
Goldman had been damaged by the slowdown in trading that has been a side effect of the Fed's stimulus programs.
They are starting the printing presses again, so don't worry. Gue$$ you guys are getting what you wanted.
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Also see: EMC slips after reports merger talks failed
Related: Elliott Says HP Killed EMC
And no sooner than the words out of my mouth than....
Massachusetts economy added 9,400 jobs in Sept.; Unemployment rate ticked up to 6 percent
Put this post in the Basket.
