"I don't think US should be the leader of the world"

Chart Forum » Stocks - ASX: long term & fundamental » The Squawk Box » The BIG Picture » "I don't think US should be the leader of the world"

«« « Previous Next » »»

Thread Start New Thread
Last Poster Posts Pages Last Post

Author

Message

holycow

Member

Post Number: 949
Registered: 08-2004

Rating: N/A
Votes: 0


Tuesday, March 15, 2005 - 08:31 am:

Now you can get rid of your superficial understanding of the US policies and its hypocrisy in world politics... or not!

Link here.

HC

"... if you've got a chart, I have an opinion!"

holycow

Member

Post Number: 1190
Registered: 08-2004

Rating: N/A
Votes: 0


Thursday, May 05, 2005 - 04:20 pm:

Good news...

Tax Receipts Exceed Treasury Predictions

Early Surge Lowers Deficit Projections

By Jonathan Weisman
Washington Post Staff Writer
Thursday, May 5, 2005; Page E01

After three years of rising federal budget deficits, a surge of April tax receipts brought unexpected good news to fiscal policymakers -- the tide of government red ink appears to be receding.

The Treasury Department this week reported there would be a $54 billion swing from projected deficit to surplus in the April-to-June quarter, after an unanticipated gush of tax payments poured into the Treasury before the April 15 deadline. That prompted private forecasters to lower their deficit projections for the fiscal year that ends in September.

Budget analysts inside and outside the government said the positive turn is likely to be short-lived. Indeed, after a four-year absence, the Treasury Department announced yesterday it is considering reissuing its 30-year Treasury bond to help finance long-term government debt, jolting the bond markets and pushing down the price of existing 30-year securities.

But in the short term, many forecasters said the budget deficit appears to have crested.

"I think it has turned the corner," said David Wyss, chief economist at Standard & Poor's, the credit rating agency. "My guess is 2004 will have been the worst year."

For that fiscal year, the government recorded a $412 billion deficit, the largest ever in nominal dollar terms, although not as large as some of the deficits of the 1980s when measured against the size of the economy. The 2004 mark was up from 2003's $378 billion deficit, which topped 2002's $158 billion deficit....

Link here.

HC

"... if you've got a chart, I have an opinion!"

holycow

Member

Post Number: 1191
Registered: 08-2004

Rating: N/A
Votes: 0


Friday, May 06, 2005 - 08:48 am:

Bad news...

GM and FORD heading for junk bond galore

May 5, 2:29 PM (ET)

By JOHN PORRETTO

DETROIT (AP) - Standard & Poor's Ratings Services cut its corporate credit ratings to junk status for both General Motors Corp. (GM) and Ford Motor Co. (F), a significant blow that will increase borrowing costs and limit fund-raising options for the nation's two biggest automakers.

Shares of both companies fell 5 percent or more after Thursday's downgrades, and the news sent the overall market lower....

Link here.

HC

"... if you've got a chart, I have an opinion!"