Tag Archives | Stocks

Why Stocks Have Risen: Stimulus, Stimulus, and Indefinite-Stimulus, i.e., Transfer of Wealth from Main Street to Wall Street

via chycho
wealth_distribution

Since bottoming out at an intra-day low of 6,467 on March 6, 2009, the Dow Jones Industrial Average (DOW) has risen to 15,295 as of May 23, 2013 – a gain of approximately 130% in just over 4 years. The S&P 500 has shown similar results, advancing from an intra-day low of 666 to 1,650 for the same period, a gain of approximately 125%. Stellar returns.

As to why the markets have risen at historic rates during times of austerity economics? The answer is simple, it’s due to quantitative easing (QE) began by centralized banks after the market crash of 2008 – “fundamentally a regressive redistribution program that has been boosting wealth for those already engaged in the financial sector or those who already own homes, but passing little along to the rest of the economy.”

The amount of stimulus used varies depending on your definition of stimulus, so we won’t bother keeping tabs on the trillions that have been dumped into the markets in the last 4 years.

Read the rest

Continue Reading

Pres Obama Signs Bill Killing Anti-Corruption, Pro-Transparency STOCK Act Provisions

via Daily Kos

Obama-Corruption

…yesterday, President Obama completed this rope-a-dope deception by signing this new bill, which stripped key provisions from the STOCK Act and rolled back a lot of the progress that the original bill made in promoting transparency and open government. The bill was signed without any cameras or fanfare, which is in stark contrast to the very public signing of the actual STOCK Act. It seems President Obama was glad to parade around the signing of the pro-transparency bill, but was not so open about his reversal of the most important parts of it a year later! Open Secrets describes the key provisions stripped out of the bill and labels this action “A reversal of the STOCK Act”:

The elements of the STOCK Act that were removed include:

Creation of searchable, sortable disclosure of the information contained in reports even for Congress, the president, vice president, the president’s cabinet and congressional candidates.

Read the rest

Continue Reading

Denmark’s Anarchist Christiania Village Goes Legit Via Fake “Stock Shares”

13CHRISTIANIA2-popupThis is my kind of capitalism. After 40 years, Christiania (a car-less, drug-addled autonomous squatter town surprisingly located in middle of urban Copenhagen) will buy the land on which it sits from the Danish government. But how to raise the money? The alternative society is selling symbolic ownership shares,  and will have yearly “shareholder parties” which will no doubt be intense. The New York Times chimes:

Last summer, the Danish state offered to sell a good chunk of the 80-odd-acre former military base at the edge of downtown Copenhagen to Christiania, the alternative community whose residents had been squatting there illegally for four decades. For the residents, who fundamentally reject the idea of landownership, this presented an ideological quandary.

“Christiania has offered to buy it,” said Risenga Manghezi, a spokesman for the community. “But Christiania doesn’t want to own it.”

To resolve the contradiction, Mr. Manghezi and a handful of others decided to start selling shares in Christiania.

Read the rest

Continue Reading

Check Out Ron Paul’s Stock Portfolio (and for Other Members of Congress)

Ron Paul Gold CoinFrom Linette Lopez’s article in Business Insider. Here’s what Ron Paul does and full article here.

Well, this is predictable …Today members of Congress had to reveal their stock holdings. We were curious what anti-Fed, pro-gold Congressman Ron Paul held, and no surprise, he likes gold. Lots of it. Here are the stocks he owns:

Agnico Eagle Mines; Alumina Common; Anglo Gold Ashanti Ltd.; BrigusGold Corp. Com MPV (formerly Apollo Gold Corp); Barrick Gold Corp.; Claude Research Inc; Coeur D’Alene Minds Corp.; Gold Corp Inc; El Dorado Gold Corp.; IAM Gold Corp.; Kinross; Lexam Explorations Inc.; Mag Silver Corp.; Metalline Mining Co.; Mutual Securities Inc.; Newmont Mining Corp.; Pan American Silver; Petrol Oil and Gas; Silver Wheaton Corp; Virginia Mines Inc.; Vista Gold Corp.; Viterra Inc; Wesdome Gold Mines Ltd.; Allied Nevada Gold Corp.; Hecla Mining Co.

Looks like he’s doing well these days.

Click here to see what some of his fellow Representatives are holdings as well.… Read the rest

Continue Reading

2010 Fortune 500: Wal-Mart’s Number One

Fortune 500 has come out with the top ranking stocks of 2010. Wal-Mart’s taken over the top stop, pushing Exxon to number two. Did the lack of employment encourage consumers to shop at Wal-Mart where they “roll back prices”? Read the Top 1000:

Rank      Company                      Revenues               Profits
1               Wal-Mart Stores        378,799.0               12,731.0
2               Exxon Mobil              372,824.0               40,610.0
3               Chevron                      210,783.0               18,688.0
4               General Motors         182,347.0               -38,732.0
5               ConocoPhillips          178,558.0               11,891.0
6               General Electric        176,656.0               11,891.0
7               Ford Motor                 172,468.0               -2,723.0
8               Citigroup                     159,229.0               3,617.0
9               Bank of America       119,190.0               14,982.0
10               AT&T                        118,928.0               11,951.0… Read the rest

Continue Reading