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Global Economy Bursting?

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Morgan Stanley is forecasting a failure of QE3 and the instituting QE4 before the end of the year. The definition of insanity is to continue doing the same thing and expecting to get a different result
 
Young U.S. Adults Flock to Parents’ Homes Amid Economy

http://www.bloomberg.com/news/2012-09-25/young-adults-flock-to-parents-homes-amid-sour-economy.html

The Class of 2008, born during the historic bull market that closed the past century, reached a dubious distinction last year: More than a million of the college graduates have gone back home.

The number of 26-year-olds living with parents has jumped almost 46 percent since 2007, according to Census Bureau data compiled by the University of Minnesota Population Center. Last year, the number of 18- to 30-year-olds living with their parents grew to 20.7 million, a 3.9 percent gain from 2010.

The figures underscore the difficulty that millions of young people have had in finding jobs and starting careers in the U.S. following the longest recession since the Great Depression. About a quarter of American adults between the ages of 18 and 30 now live with parents, while intergenerational households have reached the highest level in more than 50 years.
 
Tim Geithner Admits Banks Bailed Out With Rigged Libor

http://www.huffingtonpost.com/mark-gongloff/timothy-geithner-libor_b_1701904.html

Timothy Geithner claimed on Wednesday that the government had no choice during the financial crisis but to lend to banks and AIG using an interest rate, Libor, that everybody knew was flawed.

Call it a back-door bailout: By using an artificially low Libor, the government saved the banks and AIG millions, maybe billions -- and cost the taxpayers the same amount.

The use of Libor in the bailouts also rubber-stamped that hopelessly manipulated interest rate as a market measure, raising still more questions about just how worried Geithner and other regulators really were about it.
 
Global Growth has Collapsed

http://www.businessinsider.com/global-growth-has-collapsed-2012-9

..

her is a good post about whats happened:

PapaSwamp on Sep 25, 6:11 AM said:
The US never came out of a recession. Indices were 'tricked' by a $9 Trillion injection of cash, guarantees, loans and bailouts. The situation for most individuals has continued to degrade. This should not be a shock to anyone. Pumping a system in hopes that demand will return from a consumer who is earning less and less, and who's buying power is continuing to weaken is pure hilarity. We are in a similar tail spin as Japan except with much larger demographics....which means a much more rapid decline.


Read more: http://www.businessinsider.com/global-growth-has-collapsed-2012-9#ixzz27WJmwAO7
 
Another California city scrambling to avoid bankruptcy

http://www.foxnews.com/politics/2012/09/27/another-california-city-scrambling-to-avoid-bankruptcy/

Atwater, a city of roughly 28,000 in California's Central Valley, may declare a fiscal emergency as soon as next week, but it is trying to avoid becoming the fourth California city to file for municipal bankruptcy this year, its mayor said.

"We are hoping to avoid" bankruptcy, she said, "but as far as I'm concerned, we may have to declare a fiscal emergency" on Oct. 3.
 
How do traders trade in this market?

Lots of headwinds for markets - difficult to make any trades with so much bad news - Euphoria of QE and perhaps Pollyanna attitude towards "soak the rich" government administrations and fiscal cliff realities beg for another narrative.
 
David R. Stevenson said:
Lots of headwinds for markets - difficult to make any trades with so much bad news - Euphoria of QE and perhaps Pollyanna attitude towards "soak the rich" government administrations and fiscal cliff realities beg for another narrative.
Click to expand...

I go with the flow, short early this morning, long a little later. 2 trades, both positive. :beer:
 
Morgan Stanley is forecasting a failure of QE3
Click to expand...
Duh...looks like it's already shot its wad. This never-ending circle ...think water circling the drain... I'm sorry. Did I say something wrong?

A few new housing starts or sales and up goes the market...next week some index goes down...down goes the market. Europe is quiet for a week....good for the market. The Greece or Spain or whatever...goes down. France announces 78% tax rate on the mere 30,000 millionaires left in the country (most of their millionaires are expatriating to England, Monaco, Belgium, or Switzerland) The U. S. has 10x the millionaires as France, but only 5 x the population. Taxing these millionaires will have a paltry influence on the state of the French budget.
China slows down. India slows down. The Middle East erupts. Same old same. Life in the big city. The beat goes on. The economy will not improve substantially until the next decade. The increasingly high rate of suicides and cancer by then should reduce the baby boomers to a fraction of their previous demographic
 
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