The Meyers Report: Fed Tapering? or Tampering?

Financial markets respond to the each Fed statement regarding its announced strategy of buying $85 billion a month in securities. Stock prices fell sharply when Bernanke indicated that the Fed was likely to reduce the pace of such buying. Bernanke then came back and said the pace of the buying would not affect the Fed’s […]

Robert Genetski’s Weekly Financial Update & Stock Impact Gauge – 07/22/2013

  Fundamental Actual Immediate Outlook Fixed-income: 10-yr Treas. 5.0 2.54 heading higher Equities: S&P 500 2000 1689 heading higher Equities: Dow Jones 19,000 15,549 heading higher   Stock prices continue to move higher amid little change in the economic news. The odds continue to favor additional increases in both stock prices and interest rates. Market Outlook Stock […]

The Meyers Report: Economic Notes – Why Banks Aren’t Lending

Why Banks Aren’t Lending By creating almost $2 trillion in bank reserves, the Fed has created the potential for a massive increase in spending. For the increase in spending to occur, the reserves must go through the banking system and be transformed into new money. Through the first half of this year there are no signs of significant growth in […]

The Meyers Report: FOMC Confused

Last week’s Federal Open Market Committee (FOMC) Minutes show its members are completely confused over what they have done, what they are doing and what they plan to do. Pity the poor secretary who tried to resolve inconsistencies as members contradicted themselves. Other than the confusion over the Fed’s Minutes, there was no significant economic news this past week. This upcoming economic […]

Robert Genetski’s Weekly Financial Update & Stock Impact Gauge

  Fundamental Actual Immediate Outlook Fixed-income: 10-yr Treas. 5.0 2.53 heading higher Equities: S&P 500 2000 1675 heading higher Equities: Dow Jones 19,000 15,461 heading higher   With stocks undervalued, technical indicators positive and monetary policy expansive, the odds favor further gains in stock prices. Market Outlook Stock prices soared ahead this past week with […]

The Meyers Report: Economic Notes

Commercial Real Estate Lending Lending rates continue to climb. Since April 29th, rates for multi-family lending continue to rise. HUD 223(f) and 221(d)4, now at 4.29% and 4.94%, respectively, are both up by 0.86%-age points Fannie Mae loans have risen even more, generally rising between 1.07%-age and 1.42%-age points. There appears to be little pressure […]

The Meyers Report: Supreme Court To Rule On Balance Of Power

The US Supreme Court has taken on the challenge of determining an issue that impacts the balance of power between the major branches of government. The Executive, Legislative and Judicial branches all are separate and all are equal. The case, brought by the Noel Canning company, at first appears to challenge the President’s ability to make recess appointments, but is it? “The issue really is […]

Robert Genetski’s Weekly Financial Update & Stock Impact Gauge

  Fundamental Actual Immediate Outlook Fixed-income: 10-yr Treas. 5.0 2.50 heading higher Equities: S&P 500 2000 1613 neutral Equities: Dow Jones 19,000 15,025 neutral   Economic numbers were mixed this past week. Friday’s employment report appeared better than it was while the ISM surveys appeared worse than they were. On balance, little has changed. The […]

The Meyers Report: Economic Notes

Energy Independence We are working on it. Despite increased government impediments, over the last seven years, our crude oil imports are down 23% and our exports of crude and refined products are up by 230%, according to the US Energy Information Administration. In terms of net imports of all petroleum products, we have gone from […]

The Meyers Report: Model for US Industrial Recovery

Some American companies have figured out how to compete successfully with foreign labor markets. Consider Otto Engineering in Carpentersville, IL. The company produces control systems for civilian and military aircraft, and they are better at it than China, Indonesia, Thailand and India. “The key is consistent quality and efficiency,” said Jack Roeser, founder of this […]