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Is that why the Fed is bending over backwards to express flexibility?Quote:
Originally Posted by Masterofreality
Anyone have anything to say about GE? The stock has been on a tear, but the financials suggest it's on the cusp of getting a junk rating.
GE is a mess with a gigantic debt load. The recent small stock recovery, NOT a tear, is pure speculation based upon the thought that they'll sell their highly profitable jet engine business and Nothing to do with the overall economic conditions. WSJ had a very detailed analysis of where GE as a corporation went wrong over the last few years, about 3 weeks ago. There have been some very bad moves, many having to do with the hubris of the management establishment (Immelt to Flannery) and the stubbornness of going through with a very poor company merger/acquisition that has trashed GE stock. I used to be a shareholder, but was also told all about this a while ago then sold at 22. GE is a huge shambles. Do NOT buy at least until this outsider Culp, a rarity for GE to bring somebody in from outside the culture, shows concrete signs of progress.Quote:
Originally Posted by Caf
One last thing on GE. Do. Not. Buy.
Attachment 2318
Their leverage ratio is over 4. One has to wonder why they haven't been downgraded further. They are not investment grade. Maybe more rating agency non-sense.
Modern-Monetary-Theory-and-Policy - AEI
MMT or Modern Monetary Theory is becoming all the rage it seems. Democratic socialists are on it like white on rice. I also wouldn't be surprised if Trump became a supporter of it given his approach to the Fed. Some way off, but I think this is where people and eventually Central Banks are headed.
Crash! The S&P is now only up about 117% from where it was when this thread started and many of us were worried the rally was about to run out of steam!
A stinking, lousy 16.7% annualized return with any money put into indexed funds over that time.Quote:
Originally Posted by GoMuskies
Pain. My prediction is pain!
Note, the S&P would have to drop 10% more to hit its 52 week low. We only hit "correction" territory today.
I read the first paragraph about this theory receiving "mainstream economist attention" and then saw some of the the names of these "mainstream economists"- Paul Krugman and another economist who is an adviser to the Sanders campaign, and read no more.Quote:
Originally Posted by Caf
Krugman is on record as being not a fan of MMT. Nor am I, for that matter.Quote:
Originally Posted by XU 87