Investors eye disappointing homebuilding data
NEW YORK - A report on housing starts made investors nervous that the economy will be slower to recover even as companies post profits that exceed expectations.
Stocks fell Tuesday after the Commerce Department said home building rose less than expected in September, a discouraging signal for future construction activity.
Bond prices jumped after the Labor Department said lower energy prices pushed U.S. wholesale prices lower in September, leaving a larger-than-expected monthly drop in the producer price index. Wall Street economists expected a flat reading. The drop follows a steep rise in August.
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9 comments:
Even when stocks go up right now, what are they backed on? Eventually we will have inflation and unemployment keeps rising. is the stock market making the same mistakes it did a few years ago and basing its rising on inflated earnings or numbers that are not real?
The stock market is a ponzi scheme. There are no "mistakes" made by the stock market. It is manipulation.
3:24
Hear here.
We the people told our government to ask the Federal Reserve to print some money out of thin air. We agreed that we, our children, their children, and our great great great grandchildren would pay the Fed back eventually through forced taxation. The Fed was happy to oblige.
They gave the money to . . . themselves to make their business of printing money more "secure". We the people thought they would then loan us the printed money which we promised to repay, so that we could individually repay the debt at an even greater interest rate. That way some of us could get discounts on financed automobiles, refrigerators, washing machines, etc. We also needed to borrow some of the printed money individually because we don't earn enough money to pay our regular monthly obligations so that we may "exist". Mainly because we pay too many taxes - and so do our employers.
At any rate, the Fed and their good friends on Wall Street decided to "invest" the printed money instead. They decided that it would pay off much better than loaning the printed money to us individually. They were right of course.
First of all, individually, we are now bad debt risks. Why? Because we are over taxed and underemployed. We can't afford collectively to pay the Fed for the printed money in the first placed (the money which our elected officials asked the Fed to politely print into existence). We each owe collectively over $300,000 already to our elected officials' collection agency - the IRS.
So the Banker's invested the printed money which we owe them back for . . . and it paid off very well in the stock market.
So yes, since they play with money printed out of thin air, they really do control the stock market.
No, its an illusion, heck money is an illusion. Happiness isnt.
Our country failing makes you people happy. You probably lay awake at night wishing for our failure so you can blame the current administration. Youre all insane and I wish you would move to Texas and start your own sick nation...
social security is the biggest ponzi scheme we have ever seen.
"slower to recover" ??? What if this is as good as it gets? It's not only possible, its likely.
Conservatives, the true champions of the free market, are now bashing the stock market. What a world...
5:01
Seems to think the Federal Reserve is the enemy. They are the only ones who can help us out of this mess!
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