Brent Nyitray
Fairlington Blade
Let the mutherfuker burn!
jnc4p
Kevin S. Willis
Michigoose
lmsinca
markinaustin
Arcanaut
novahockey
quarterback
ScottC
yellojktStocks are up this morning as ECB President Mario Draghi hinted at further easing in March. Bonds and MBS are up small.
ECB President Mario Draghi said that downside risks to the economy have increased and the ECB could possibly reconsider its policy stance in March. The ECB did leave rates unchanged this month.
Stocks got pummeled yesterday with the Dow down 566 points in early afternoon. Markets then turned around on no real news and rallied into the close to cut the losses for the day. The 10 year got down to 1.94%.
The carnage in the markets is largely a result of how leveraged the entire system is. In many cases, people are selling to cover margin calls. Margin selling begets margin selling, which is why markets are so skittish these days.
Initial Jobless Claims rose to 293k from 283k yesterday. This is the highest level in 6 months. The Philthy Fed Index improved from -10.2 to -3.5.
We are starting to see more announcements about job cuts. Johnson and Johnson is cutting 3,000 and Barclay’s is letting 1,200 go as it pulls out of Asian markets.
TRID rules are increasing the time it takes for a closing by 5 days, according to the National Association of Realtors. We could see the effect of that tomorrow when they report existing home sales. November’s numbers were depressed, so people will be looking for a rebound in December.
Filed under: Morning Report |
All Things in Moderation 
Heh heh heh heh heh.
Frist!
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An interesting discovery:
http://thefederalist.com/2016/01/21/i-accidentally-found-even-more-awful-things-inside-obamacare/
When lawmakers and the public were debating the Affordable Care Act, details were sparse and widely guarded. Then-House Speaker Nancy Pelosi noted famously that “We’ll have to pass the bill so you can find out what’s in it.” Now, years after the legislation has been passed, does the American public yet know the hidden details of the plan? I didn’t.
Does the American public know that, buried deep in the Healthcare.gov website, the health insurance coverage available to a family gets worse as their income rises? Do people know that a family expecting to earn $51,000 in 2016 is not even allowed to buy the same coverage as a family that expects to earn $49,000?
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I’m consistently told that prior to Obamacare there was no healthcare available to anyone.
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My understanding is that prior to Obamacare, poor people and minorities had no healthcare, because conservatives hate poor people and minorities. Also, I understand that rates would go down, but that does not seem to have happened.
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Apparently, I’m the Apollo Creed in this situation. Phooey!
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Ahhhh, sweet, sweet relief.
http://hotair.com/archives/2016/01/21/republican-senators-start-to-unite-anyone-but-cruz-update-id-support-bernie-sanders-over-cruz-says-richard-burr/
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