Investors have been agonizing over how big a threat China poses to the global economy, but they may be looking in the wrong place.» Read More
Economy Not Improving Enough to End QE2 [CNBC] "The Federal Reserve gave a lukewarm economic assessment on Wednesday despite recent signs the recovery was strengthening, saying high unemployment still justified its $600 billion bond-buying program. In a statement following its policy-setting meeting, the central bank also said measures of underlying inflation were "somewhat low" although it acknowledged rising commodity prices that have fueled global inflation worries."
Treasuries Dip as QE2 Sticks Around [Bloomberg] "Treasuries declined as Federal Reserve policy makers maintained a $600 billion program of debt purchases while saying the economic expansion is continuing at an insufficient pace to reduce unemployment. Government securities dropped earlier after a report showed sales of new homes rose more than forecast in December and the U.S. sold $35 billion of five-year notes. Ten-year Treasury Inflation-Protected Securities show bondholders expect the consumer price index to increase 2.26 percentage points a year on average over the life of the debt, compared with a forecast for an increase of 1.7 percent this year by economists surveyed by Bloomberg News."
One of the hottest tickets at Davos was "Connectedness" a talk about how will online and mobile behaviours be reshaped over the coming years.
It was a painful wait through Tuesday night’s State of the Union speech to hear any talk about fixing the debt-and-deficit plague, and it’s likely to be a considerably longer wait for anything to get done.
A division of the business administration company Ceridian reportedly cut off a cancer patient when his monthly premium payment was two cents short of the amount billed.
I once had great faith that the world was run by people who were far smarter than I—and that their superior intelligence, work ethic, and virtue could be relied upon to steer us through when the glassy seas blew into high swells and maelstroms. While nothing has yet convinced me that my meager perspective is not routinely exceeded — both in quality and degree—I have lost my faith in my betters.
Here's a thumbnail sketch of why.
It's easy to be a rugged individualist when things are going great. You just got your bonus. The hot girl you met when volunteering is totally into you. You found the perfect pair of jeans. Nothing can stop you.
But then something does. Maybe it's just a sudden moment of clarity that tears through the veil of success and makes you wonder for a moment about the value of anything. Why work so hard? Why keep getting up in the morning? Why bother at all when none of it really seems to matter?
Or maybe it is something more physical than metaphysical. In my case, it was a car that sped around a corner on Manhattan's Lower East Side. Fortunately, I was thrown clear of the wheels by the impact. Unfortunately, I broke my leg in nine places. Everything in my life came to a halt.
President Obama laid out his agenda on aggressively cutting spending and measures on to grow the economy in his State of the Union Tuesday night.
The President praised the American worker and delivered these encouraging words," We know what it takes to compete for the jobs and industries of our time. We need to out-innovate, out-educate, and out-build the rest of the world." But what's price tag attached to this?
I decided to ask that question to Pete Sepp, Executive Vice President of the moderate, conservative group, the National Taxpayers Union who did a line by line cost analysis on how much the proposals included in this address would cost the American Taxpayer.
The National Taxpayers Union Foundation, \(NTUF\) the research affiliate of the National Taxpayers Union, broke down the numbers exclusively for C-Suite Insider. The NTUF uses the accounting database called BillTally, which reports the “net annual agenda cost” for each Member of Congress based on sponsorships and cosponsorships of pending legislation. The NTUF matched Obama’s State of the Union proposals with those in the BillTally system in White House documents and other third-party sources.
Chatter about what the Fed's next steps will be has shifted from when it will hike to when it will offer stimulus.
For years, Piper Jaffray has been one of the biggest bulls on Wall Street, and with good reason.
Mohamed El-Erian said Monday stocks must fall much further before investors can be coaxed back into the market.