The economy, is it good or bad. (Page 85/181)
Phranc NOV 09, 10:31 AM

quote
Originally posted by loafer87gt:

Over at another housing / real estate forum a user posted a link to a site which has a balance of trade index. Just click the small american flag under the graph, and it will compare the current US and Canadian economies. From what I can gather, you guys are importing a whack of goods, but not having much luck exporting commodities.

http://www.tradingeconomics...rade.aspx?Symbol=CAD



That commodities exporting will change with a lower value dollar. American goods ( not just manufactured) will be cheaper. Its a balance. A low (artificially low, very low) valued China Yuan is why its so cheap to import from China. If the Yuan were to be fairly valued the price of those China goods would go up and be much closer to the price of American made goods.
Red88FF NOV 09, 10:57 AM
There is always another side to economic news, be it good, or bad.


Me, I am looking a GM stock. When the market slides downward it is can be an opportunity to go bargain basement hunting if you decide a company has taken more than a fair hit. Some loser will always panic and sell a good investment.
http://biz.yahoo.com/ap/071109/economy.html

<snip>
The Commerce Department said Friday that the deficit for September dipped by 0.6 percent from the previous month -- to $56.5 billion. That was the narrowest trade imbalance since May 2005 and took economists by surprise. They had been forecasting the deficit would rise.

The improvement came from a 1.1 percent jump in U.S. exports, which climbed to a record $140.1 billion. The dollars' decline against many major currencies has made U.S. goods cheaper and more competitive in foreign markets. For September, sales of American-made cars, computers and farm products including corn, cotton, wheat and soybeans were all up.<snip>
84Bill NOV 11, 12:00 AM
Banks said to agree on $75B credit fund: report
Agreement would end months of complicated negotiations as economic conditions deteriorate, according to The New York Times
November 10 2007: 9:58 PM EST

NEW YORK (CNNMoney.com) -- The nation's three biggest banks have agreed on the structure of a backup fund of at least $75 billion in an effort to help stabilize the credit markets, according to a person involved in the discussions, The New York Times reported Saturday.

10b to 75b in two weeks.

Oh and
Dow -215.00 -1.62% 13,047.00

[This message has been edited by 84Bill (edited 11-11-2007).]

84Bill NOV 12, 07:46 AM
Asian markets fall sharply on subprime fears
Japan's benchmark Nikkei index falls 2.5 percent on renewed concerns of the credit market turmoil.
November 12 2007: 6:53 AM EST

TOKYO (AP) -- Asian markets fell sharply Monday after Wall Street declined at the end of last week on renewed concerns about U.S. mortgage problems. European markets, however, were mixed in early morning trade.

"Basically, the subprime loan issue still drags on, and there is no prospect of what can end the problem," said Shinichi Ichikawa, chief strategist at Credit Suisse of the falls in Asian markets.

Major banks warned last week of further losses in their debt portfolios, raising investor concerns that the credit market slump isn't abating.

Japan's benchmark Nikkei 225 index fell 2.5 percent, and Hong Kong's Hang Seng dropped 3.9 percent. In South Korea, the Korea Composite Stock Price Index, or Kospi, fell 3.4 percent.


Asia Pacific & Australia

Index Change %Change Level Last Update *
Australia ASX 100 -67.90 -1.28% 5,216.70 11/12 4:47pm
Australia ASX All Ords -84.10 -1.27% 6,523.30 11/12 4:47pm
Australia ASX Mid-cap 50 -141.20 -2.12% 6,519.00 11/12 4:47pm
Hong Kong Hang Seng -1,117.68 -3.88% 27,665.73 11/12 5:59pm
Hong Kong HSCC Red Chip -352.65 -5.73% 5,800.66 11/12 4:26pm
Japan Nikkei 225 -386.33 -2.48% 15,197.09 11/12 4:30pm

Europe
Index Change %Change Level Last Update *
Belgium Bel 20 -39.51 -0.98% 4,009.10 11/12 1:27pm
Europe DJ Stoxx -19.60 -0.53% 3,653.75 11/12 1:27pm
Europe Euronext 100 -9.06 -0.92% 976.88 11/12 1:27pm
Europe Euronext 150 -10.00 -0.54% 1,828.60 11/12 1:27pm
France CAC -40.47 -0.73% 5,483.71 11/12 1:27pm
France SBF 80 -31.34 -0.48% 6,502.24 11/12 1:27pm
France SBF 120 -28.03 -0.70% 3,992.26 11/12 1:27pm
Germany DAX -34.36 -0.44% 7,778.04 11/12 1:27pm
Germany MDAX -44.69 -0.45% 9,996.47 11/12 1:27pm
Germany TECDAX -8.39 -0.83% 1,002.99 11/12 1:27pm
Netherlands AEX -6.87 -1.35% 503.78 11/12 1:27pm
Norway BRIX +8.91 +0.23% 3,857.48 11/9 12:00am
Norway OSE Industry -11.81 -0.70% 486.47 11/12 1:27pm
Sweden OMX -1.77 -0.16% 1,113.32 11/12 1:27pm
Sweden OMSX All Share -9.23 -2.48% 362.27 11/9 12:00am
UK FTSE 100 -36.30 -0.58% 6,268.60 11/12 12:27pm
UK FTSE All Shares -17.09 -0.53% 3,220.23 11/12 12:27pm
UK FTSE Eurotop -22.99 -0.73% 3,144.42 11/12 12:27pm
UK FTSE Techmark -17.51 -1.05% 1,650.81 11/12 12:27pm

Americas
Index Change %Change Level Last Update *
Canada TSE 300 -258.77 -1.83% 13,869.82 11/9 12:00am
Canada CDNX -20.32 -0.66% 3,048.54 11/9 12:00am
Canada S&P/TSX 60 -17.46 -2.12% 806.72 11/9 12:00am
84Bill NOV 12, 04:14 PM
Stocks start to slip
Major indexes lose some early momentum, as jittery investors keep eye on oil prices, credit markets.
November 12 2007: 3:33 PM EST

NEW YORK (CNNMoney.com) -- Stocks failed to sustain their early run-up Monday, with major indexes turning mixed in late afternoon trade as investors weighed a drop in the price of oil and financial sector strength.


Oh and
Dow -55.19 -0.42% 12,987.55
84Bill NOV 13, 05:19 PM
Gas prices hit working class
Study says lower income people effectively pay 8 times more to fill up; broader economy could feel sting.
November 13 2007: 4:38 PM EST


Special Reportfull coverage
GAS CRUNCH
Rising oil prices hit holiday fliers
Oil inches higher as traders inhale
Gas prices hit working class
$100 oil: It's not dead yet

NEW YORK (CNNMoney.com) -- Lower-income Americans spend eight times more of their disposable income on gasoline than wealthier residents do.

The disparity is dramatic. In Wilcox, Ala., people spend 12.72 percent of their income to fuel one vehicle, according to a new study from the Oil Price Information Service (OPIS). In Hunterdon County, N.J., people spend 1.52 percent.

The study illustrates the impact rising oil prices are having on people's budgets. Many economists have downplayed the effect gasoline prices will have on consumer spending. But with prices now pushing above $3 and studies like this, some say the economy may take a hit. Ya think?


Wall Street's big rally
The Dow gains nearly 320 points, its second-best day of the year, as Wal-Mart's earnings, Goldman Sachs' outlook and falling oil prices spark a big advance.
Here's a look at what was moving stocks near the close.
Gas prices hit working class

Although the day's news was positive, it perhaps was not as positive as the stock market reaction would suggest, said Fred Dickson, chief market strategist at D.A. Davidson.

"I think we had an oversold market due for a bounce," Dickson said. "Wal-Mart's news wasn't terrific enough to cause a major reversal, but it gave the bulls some support."

The Dow closed below 13,000 Monday for the first time since August, following a selloff from highs hit in October.


---------------
Nice rally today. After the vultures pick the carcase clean lets see what next week looks like
aceman NOV 13, 05:30 PM
What, Bill? Not going to tell the whole story? Stocks climb today. Oil prices drop.
madcurl NOV 13, 06:18 PM

quote
Originally posted by aceman:

What, Bill? Not going to tell the whole story? Stocks climb today. Oil prices drop.




I hope somebody was buying on the dip? The four horseman are up and running.
84Bill NOV 13, 07:31 PM

quote
Originally posted by aceman:

What, Bill? Not going to tell the whole story? Stocks climb today. Oil prices drop.




What the hell?
Do you think I have nothing better to do than act as your own personal delivery service?
Go find the stuff and post it your self.

[This message has been edited by 84Bill (edited 11-13-2007).]

84Bill NOV 13, 07:42 PM
Cleveland: Foreclosure's perfect storm
Where Cleveland went wrong
It's too easy to blame the city's housing collapse on Rust-belt economics. How bad government and greed made it one of the nation's foreclosure capitals.

CLEVELAND (CNNMoney.com) -- As the Treasurer of Cuyahoga County in Ohio, Jim Rokakis spends a lot of his time trying to deal with Cleveland's foreclosure crisis.

When asked recently just how bad it is, Rokakis unfurled a six-foot by four-foot Cleveland city plot map. Each lot was covered with dots of red ink where foreclosed homes filled the plots. From a few feet away, the map looked heavily freckled, while some neighborhoods nearly melted together in crimson masses.

Foreclosures hit Cleveland early and hard. By the summer of 2007, it had four of the top 21 ZIP codes for foreclosure filings in the United States. According to RealtyTrac, the city's 44105 ZIP, known as the Slavic Village, was the hardest hit U.S. community with 783 filings.

What made Cleveland the nation's foreclosure epicenter?

Like most rust-belt cities, it's suffered serious economic setbacks. The city lost jobs at more than three times the national rate during 2001 through 2003 and has not had a meaningful recovery since, according to Richard DeKaser, chief economist at Cleveland-based mortgage lender National City Corp. The state of Ohio recorded a quarter of all U.S. manufacturing job losses since 2001.

Add considerable population shrinkage: With 450,000 people, Cleveland has fewer than half the residents it boasted in 1950, when only six cities in the nation were larger.

Still, Rokakis and others don't buy the "It's the economy, stupid," explanation. (sounds like a few tards from PFF)

All over the state, even in prosperous communities, foreclosure filings at least quadrupled in 70 of the state's 88 counties over the past 11 years, according to Zach Schiller, of Policy Matters Ohio, an economic think tank. "They grew even when the economy was doing better," he said.