OBAMA IS STILL A WINNER! Stocks Rise On HIS Policies!
Fenimore Cooper
and Ben Quayle represent the restorers of our economy after "The
Great Bush Depression" ?
C'mon!
Ben Quayle?
---------------------
"Stocks, commodities rally on Fed stimulus plan; dollar tumbles"
By Stephen Kirkland and Rita Nazareth
Bloomberg News
Thursday, November 4, 2010; 1:39 PM
Nov. 4 (Bloomberg) -- Stocks surged, sending the MSCI World Index to a
two-year high, and commodities rallied after the Federal Reserve
announced plans for more bond purchases and earnings beat analyst
estimates. The dollar sank and two- and five-year Treasury yields
touched record lows.
The MSCI World Index gained 2.2 percent at 1:31 p.m. in New York. The
Standard & Poor's 500 Index climbed 1.6 percent to 1,217.00 and
earlier surpassed its highest close since the week of Lehman Brothers
Holdings Inc.'s bankruptcy in September 2008. The Dollar Index fell
0.7 percent to an 11-month low. The S&P GSCI commodities index added 2
percent. Irish 10-year notes slid for an eighth day, the longest drop
in 23 months.
Fed Chairman Ben S. Bernanke's $600 billion bond-buying program
reinforced optimism the world economy won't deteriorate and corporate
profits will improve. The Bank of England said it kept a 200 billion-
pound ($324 billion) asset-purchase plan and the European Central Bank
left rates at a record low today. BNP Paribas SA, the world's biggest
bank by assets, reported a 46 percent jump in third-quarter profit,
and Qualcomm Inc., the largest maker of mobile-phone chips, forecast
higher earnings.
"It's called the Bernanke put," said Stephen Wood, the New York-based
chief market strategist for Russell Investments, which manages $140
billion. "The Fed wants to put a floor under the employment market and
asset prices. You're seeing that being reflected in both stock and
commodities markets. Risk assets are attractive globally."
The Fed's plan to inject more cash into the economy led silver to a 30-
year high and emerging-market stocks to the highest level since June
2008. The U.S. currency weakened against all 16 of its major peers,
losing 1.9 percent against the New Zealand dollar.
The S&P 500 gained for a fourth day as investors speculated the Fed
will succeed in stoking growth and as corporate earnings improved.
Freeport-McMoRan Copper & Gold Inc. climbed 5.2 percent as commodity
prices rallied following a drop in the U.S. dollar. Qualcomm jumped
5.8 percent after earnings forecasts topped estimates.
General Motors Co. will reduce the U.S. government to a minority
shareholder as it seeks to raise as much as $10.6 billion in an
initial public offering. GM, 61 percent owned by the U.S. Treasury
Department, will sell 365 million shares at $26 to $29 each, the
company said yesterday in a filing with the Securities and Exchange
Commission.
U.S. equity futures extended gains in pre-market trading after a
measure of U.S. worker productivity rose at a 1.9 percent annual pace
in the third quarter, Labor Department figures showed, surpassing the
median forecast of 1 percent in a Bloomberg survey of economists.
Another report showed more Americans than predicted filed applications
for jobless benefits.
The Labor Department may say tomorrow that the unemployment rate was
9.6 percent in October for a third month, according to the median
forecast of economists. Private payrolls, which exclude government
agencies, are projected to increase by 80,000, the survey showed.
The Stoxx Europe 600 Index climbed 1.6 percent to its highest level
since April 15. BNP Paribas jumped 3.7 percent in Paris and Unilever
rallied 6.3 percent in London. Swiss Reinsurance Co. gained 6.4
percent in Zurich as it agreed to repay the capital injected last year
by Warren Buffett. HeidelbergCement AG soared 8.9 percent as profit
beat estimates.
BHP Billiton Ltd. advanced 6.6 percent to a record in London after
Canada blocked its $40 billion hostile takeover for Potash Corp. of
Saskatchewan Inc. Potash Corp. sank 3.5 percent in Toronto. Rolls-
Royce Group Plc lost 5 percent after one of its engines exploded in
mid-flight, forcing Qantas Airways Ltd. to ground its Airbus SAS A380
fleet. Airbus owner European Aeronautic Defence & Space Co. fell 4.1
percent.
The MSCI Emerging Markets Index advanced 1.7 percent, heading for the
highest closing level since June 2008. India's Bombay Stock Exchange
Sensitive Index surged 2.1 percent to a record. Coal India Ltd.
rallied 40 percent in its trading debut after selling $3.4 billion of
shares in the nation's largest initial public offering last month. The
Shanghai Composite Index jumped 1.9 percent, while indexes in
Thailand, South Africa, Turkey, Poland and Hungary increased more than
1 percent.
The yields on the five- and two-year Treasury notes dropped to record
lows of 1.0148 percent and 0.3118 percent respectively after the Fed
said yesterday it will focus its asset purchases on medium-maturity
debt. The 30-year bond yield slipped one basis point to 4.04 percent
on speculation the bond-purchasing plan will stoke inflation. The
German 30-year bond dropped for the first time in six days, sending
the yield up six basis points to 2.90 percent.
The extra yield investors demand to hold Irish 10-year bonds instead
of similar-maturity benchmark German bunds widened to a record 526
basis points amid concern the nation will struggle to finance its
deficit. The Portuguese-German gap increased 30 basis points to 418
basis points.
The dollar weakened 0.6 percent to $1.4217 per euro and slipped 0.5
percent to 80.67 yen. The New Zealand dollar strengthened 1.3 percent
to 79 U.S. cents after a report showed employers added more jobs in
the third quarter than economists estimated.
The pound climbed 1.1 percent to $1.6259, extending gains after the
Bank of England kept its benchmark interest rate and asset-purchase
target unchanged.
The S&P GSCI index of 24 commodities climbed to the highest level
since October 2008. Silver futures jumped 4.6 percent to $25.99 an
ounce on the Comex in New York and earlier topped $26 for the first
time since 1980. Cotton for December delivery rose 3 percent to a
record in New York. Prices have more than doubled in the past 12
months, reaching the highest since the fiber began trading 140 years
ago. Crude oil advanced 2 percent to $86.34 a barrel. White, or
refined, sugar climbed 4.6 percent and touched the highest price since
1981.
http://www.washingtonpost.com/wp-dyn/content/article/2010/07/15/AR2010071504856.html?hpid=topnews
Eddie Haskell
"Fenimore Cooper" <slipu...@yahoo.com> wrote in message
news:4f81b13e-d793-4694...@f20g2000vbc.googlegroups.com...
> Do any of you dumb'uns believe Repug ass-hole clowns like Rand Paul
> and Ben Quayle represent the restorers of our economy after "The
> Great Bush Depression" ?
You immoral fuckers never stop lying, do you? Why do you want a financial
crisis to happen again? Are you too goddamned stupid to realize that you
ride in the same boat with the rest of us?
Now, see folks? This is what big government and cheese do to people.
Corrupts them to the core.
"In 1992, Congress mandated that Fannie and Freddie increase their purchases
of mortgages for low-income and medium-income borrowers. Operating under
that requirement, Fannie Mae, in particular, has been aggressive and
creative in stimulating minority gains."
"The two companies are now required to devote 42% of their portfolios to
loans for low- and moderate-income borrowers"
"Although Fannie Mae actually has exceeded its target since 1994, it is
resisting any hike. It argues that a higher target would only produce more
loan defaults by pressuring banks to accept unsafe borrowers."
http://articles.latimes.com/1999/may/31/news/mn-42807
"The Bush administration today recommended the most significant regulatory
overhaul in the housing finance industry since the savings and loan crisis a
decade ago."
"Under the plan, disclosed at a Congressional hearing today, a new agency
would be created within the Treasury Department to assume supervision of
Fannie Mae and Freddie Mac, the government-sponsored companies that are the
two largest players in the mortgage lending industry."
http://www.youtube.com/watch?v=Lr1M1T2Y314
http://www.youtube.com/watch?v=_MGT_cSi7Rs
"McCain Letter Demanded 2006 Action on Fannie and Freddie"
"Sen. John McCain's 2006 demand for regulatory action on Fannie Mae and
Freddie Mac could have prevented current financial crisis, as HUMAN EVENTS
learned from the letter shown in full text below."
http://www.humanevents.com/article.php?id=28973
Unlike Bush and McCain, as senator, Obama did nothing, other than earn the
distinction of becoming the second largest recipient of F&F contributions in
the entire congress, even in his short stint there.
Bill Clinton himself said it best:
"I think the responsibility the Democrats have may rest more in resisting
any efforts by Republicans in the Congress or by me when I was President to
put some standards and tighten up a little on Fannie Mae and Freddie Mac."
-Bill Clinton
''These two entities -- Fannie Mae and Freddie Mac -- are not facing any
kind of financial crisis,'' said Representative Barney Frank of
Massachusetts, the ranking Democrat on the Financial Services Committee.
''The more people exaggerate these problems, the more pressure there is on
these companies, the less we will see in terms of affordable housing.''
Lamont Cranston
> "Fenimore Cooper"<slipu...@yahoo.com> wrote in message
> news:4f81b13e-d793-4694...@f20g2000vbc.googlegroups.com...
>> Do any of you dumb'uns believe Repug ass-hole clowns like Rand Paul
>> and Ben Quayle represent the restorers of our economy after "The
>> Great Bush Depression" ?
>
> You immoral fuckers never stop lying, do you?
ROTFLMAO!!! This coming from a fucking moron who supports the policies
that caused the Great Bush Depression. Irony, anybody?
Cicero Venatio
> Do any of you dumb'uns believe Repug ass-hole clowns like Rand Paul
> and Ben Quayle represent the restorers of our economy after "The
> Great Bush Depression" ?
>
> C'mon!
>
> Ben Quayle?
>
> ---------------------
All Ben has to do is say "no" to Obama and things are bound to improve.
Doesn't sound like too tough of a job.