Wednesday, March 14, 2018

These People Control Your Money.
Bet You Can't Identify One Of Them.
Image result for current federal reserve board
A recent photo of the Federal Reserve Board of Governors.  Everyone knows they are set to begin a round of interest rate increases, the only debate on how many, three or four.  So while the IRS will collect less taxes from you and corporations going forward, this group is aiming to do something that will increase the cost of living for everyone.  Increase the cost of home ownership.  Make credit card debt onerous.  Hike the cost of doing business for corporations, especially those with public stock ownership.  Why?  Because they want to.  So while we debate the importance of the Pennsylvania special congressional election, while we ponder the reason for the Secretary of State being fired, while we relish the stories about Stormy, this unelected group goes to work each day, deciding how much money you have.

Friday, March 9, 2018

Image result for steve liesmanMore than 300,000 jobs created in the latest government jobs report.  Maybe we are reading in to this but didn't the economics guy at CNBC seem saddened by the strength-in-economy figures?  Was he:  Farbissener;  person that is never happy; never happy; sour person; sour; never; happy; unhappy; embittered; embitter; bitter person; bitter; person. A person that is never happy; embittered; bitter person; sour person. 

Wednesday, March 7, 2018

Image result for julius larosa
Remember This Fabulous Singer?
Anyone who listened to this or any other album by Julius LaRosa enjoyed beautiful singing.  His stage performances were crowdpleasers.  The Brooklyn native, though, found true stardom after being fired by Arthur Godfrey in 1953.
Maybe the same stardom will attach to Gary Cohn after resigning (fired?) from the White House.  Probably he will have more influence on public opinion writing op-ed pieces for the New York Times.  
Image result for Julius LaRosa firedThe cable tv folks are in a frenzy this morning, gloating that stock market futures are minus about 300 points, all because, they say, Gary is Gone.
If you own stock in good companies nothing has changed.  We suggest not allowing the departure of a Democrat who never should have gone to work for the President influence this opportunity to buy some stocks on Sale.

Wednesday, March 15, 2017

As expected by just about everyone, Fed Chairperson Janet Yellin raised interest rates by a quarter point.  If you have money in a bank, call them and ask how much more interest you will earn?  Probable answer:  What?  Then call your credit card company and ask them when the interest rate you pay will go up.  Probable answer:  Today.  And that's the saga of interest rates. 

So She Went And Did It

Never Mind the President.  Forget About Congress.  Here is who is raising your cost of living today.
Image result for janet yellen
In a few hours the cost of owning a home will go up.  Car buying will cost more.  The bottom line of any business using debt financing will suffer.  Anyone owning bonds will see a capital reduction.
All because Janet Yellin and her Federal Reserve partners will decide to raise interest rates by a quarter point.  No Congressional action needed.  No signature by the President required.  No Supreme Court review.  After she announces the decision banks will instantly raise what they charge borrowers .  No waiting period for this.
And who elected the Federal Reserve?  Nobody.

Thursday, February 23, 2017

Image result for dummies

Follow The Smart Money?
Last night Tesla reported quarterly earnings.  Its loss widened to $293,000,000, up from $184,000,000 in the previous one.  But Elon Musk did his usual superb job of showmanship and before you know it the stock was trading up five or six dollars in after-hours trading.

This morning, again, the stock was up several dollars in premarket. Note that the pre and post markets, outside of regular trading hours, are mostly populated by professional traders, the smart money.
And so:  Tesla opened for actual trading this morning down over ten dollars a share.  

Tuesday, January 31, 2017

How Many Companies in the Stock Markets?
Over 5,000 or less than 10?
Image result for photo of cnbc reporting about apple
Sure Apple is becoming the world's biggest company? Certainly everyone uses Google.  Who doesn't know about Facebook?  What closet has no Under Armour?
Maybe CNBmute should consider reporting about the other 5,000+ companies once in a while.