Insights
Wednesday, Sept. 21, 2011 4:57 PM – Fed Announcement Disappoints Markets
The Fed announced this PM that it was selling short-term securities to buy long-term. This is an effort to bring down long-term interest rates like mortgages, just as they have with short-term rates. The slang term for it is Operation Twist. Also, proceeds from...
Tuesday, Sept. 20, 2011, 1:42 PM – Warren Buffett Misrepresents the Taxes of the Wealthy
Let me clear up the deception that the wealthy pay less in taxes than the rest of us, popularized by Warren Buffett's claim that his secretary pays more in taxes than he does. Pres. Obama brought this up when he announced his $1.5 trillion tax increase as a so-called...
Tuesday, Sept. 20 2011, 11:34 AM – Markets Today, All One Trade, Peak Near?
Ben Bernanke had better announce something big tomorrow or the market will likely head lower. I think he most likely will, as I wrote in some detail yesterday. A Bernanke good report is being priced into stock prices, along with the report early today that the Greek...
Monday, Sept. 19, 2011 4:01 PM – Markets Pare Losses
After following Asia and Europe down by over 2% US stocks finished down 1%. The NASDAQ was actually up today, help by a big jump in Apple stock. Gold was -1.5%, bonds were up as was the US dollar. I think the US market is getting excited about what Ben Bernanke might...
Monday, Sept. 19, 2:33 PM – What Ben Bernanke May Announce Wed.
The charts on stocks and bonds seem to call for a lower stock market from here. The wild cards are the US Fed and the Eurozone leaders. Remember how bad the markets were in August 2010 and the effect of the QE2 announcement. This is a great article on what Ben...
Monday, Sept. 19, 2011 11:41 AM – Fed Mtg & Europe
Stocks were down over 2% this morning but have bounced up to -1.8%. They followed Asia and Europe lower. The latter was down as much as 3% following a disappointing weekend in which the markets expected announcement of progress on the Greece situation and got nothing....
Friday, Sept. 16, 2011 5:24 PM – Stocks Up 5 Days in a Row
Its nice to have stocks moving in the right direction as the market went 5 for 5 this week. For the week the S&P 500 gained nearly 6% while gold lost 1%. Most European stocks were up in line with the US market but Germany gained nearly 10%. Asia was up only slightly....
Thursday, Sept. 15, 2011 6:05 PM – Markets Higher
It was a good day to hold stocks and oil, not so much bonds or gold. The S&P 500 was up 1.7%, gold was down 1.6% and most bonds were down. We're still waiting to see what kind of bailout the Europeans will come up with. Meanwhile, economic numbers are lousy in the US....
National Conference on Christian Apologetics – Oct. 28-29
If you are not familiar with the National Conference on Christian Apologetics, put on by Southern Evangelical Seminary, the seminary from which I graduated with a degree in . . . you guessed it, Christian Apologetics, you ought to be. I have missed only one conference...
The Dust of the Earth
I realized this morning what a primitive idea I had of how God formed Adam out of the dust of the earth. Here's the verse in the NASB: Gen 2:7 - Then the LORD God formed man of dust from the ground, and breathed into his nostrils the breath of life; and man became a...
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