The Casone Exchange
  • June 19, 2009 05:27 AM EDT by Cheryl Casone

    Best Guess: Tim Geithner Edition

    The top of the show was devoted to testimony from Tim Geithner, so only two best guesses were out today on the air.  Too bad, I really liked mine, so be the first to see/read it!

    Tom Sullivan: Computer sales are down because people are waiting for Apple and Microsoft to release new operating systems.  Apple will have a strong 3rd quarter due to its release of its operating system, Snow Leopard, in September.  And, Microsoft, Dell, HP, etc., will have a strong 4th quarter with the release of Windows 7 on October 22nd.

    Stuart Varney: My best guess is that the Obama reg. reform plan is running into big trouble on day one....there will be a tsunami of lobbying over the Summer, perhaps enough to gut it....

    Jim Awad: second quarter earnings reports and forward looking guidance will be good enough to prevent the market from going down much but subdued enough to prevent the market from going up much so it will be a boring summer--but the bad weather rules out the beach so everyone is going to be grouchy!!!!!!!!!!!!!!!!!

    Liz Macdonald: Dow and the S&P both plunged to their 200 day range bottom on Monday, and stuck there. If bullish momentum were intact, the markets "should have" drawn buyers in this area. No snapback rallies sustainable yet, watch out for pressure to the downside

    Cheryl: As the months drag on, private insurance companies such as Blue Cross and Blue Shield, Aetna, and others will begin to review and implement affordable health insurance policies to be sold over state lines.  As the Administration and Congress debate healthcare, companies will lobby and win the right to sell health insurance cross state.  This not only lowers premiums, but will decrease the amount of Americans who are currently uninsured.

hungry

We need a new way to Counter balance the currencies of International Trade , like is described below ..... this will set the pace for a new International Monetary Policy , backed with PM markets This ETF traded fund is a start of a new way of valuation of currency trade to help counter balance the trend of different valued cuirrencies trading in the same markets , and their devaluing effects that happen when lower valued currencies trade in the same markets as Higher valued ones , with the inclusions of Precious metals markets acting as balancing counter measures . http://www.wisdomtree.com/library/pdf/materials/WisdomTree-Case-for-Emerging-Currencies-CEW-570.pdf You see Goldman is even seeing this trend as a Positive direction for sustainable growth Goldman Sachs | BRICs Over the next 50 years, Brazil, Russia, India and China—the BRICs economies—could become a much larger force in the world economy. We map out GDP growth, ... http://www2.goldmansachs.com/ideas/brics/index.html BRIC economies factor of stability and growth: Indian PM http://news.xinhuanet.com/english/2009-06/18/content_11560651.htm The true rating of the dollar as the reserve currency is legitimately being questioned , and since the indoctrination of Tariff Free Trade in the 1994-5 trade policy America adopted , the devaluation of the dollar has ensued .

June 19, 2009 at 12:10 pm

hungry

In reading the article based off the Financial Times Washington is unable to call all the shots http://www.ft.com/cms/s/0/16e9f3e8-5944-11de-80b3-00144feabdc0.html?nclick_check=1 one thing is not considered ....as China is stock piling raw materials , and say that a price collapse comes from it in commodities , even if this happens , what if China decides to not take our dollar for the durables we want to import from them and with energy countries that supply world market supply unless its in this ETF Fund basket of currencies back by Precious Metals is where the dollar becomes an excepted currency for trade as this becomes the New reserve currency for international trade ? http://www.wisdomtree.com/library/pdf/materials/WisdomTree-Case-for-Emerging-Currencies-CEW-570.pdf The USA can not recover and pay higher taxes , and increased wages , based solely off a consumer driven market that cannot maintain a 14 trillion dollar a year rate of consumption and the consumables be lowering in price , as its devaluing effects only leads to a Consolidation of the wealth being created . We have watched this play out since the formation of the WTO and the Tariff Free trade agreements that took away the counter balance to different valued currencies trading in the same markets , the lower devaluing the higher because of a pure supply-side economic theory that ends in pure devaluation and transfer of wealth creation ; ie manufacturing as a primary unit of wealth creation .

June 19, 2009 at 12:09 pm

about this blog

  • Cheryl Casone joined FOX Business Network (FBN) in September 2007 as an anchor. Prior to FBN, Casone served as a correspondent for FOX News Channel’s (FNC) business unit and was a regular guest on FNC’s Your World with Neil Cavuto. Casone brings years of experience covering finance, business, and consumer news to FBN.

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