Tag Archives: Geihtner

With the USA Election in the books, key events coming soon!

With the re-election of President Obama, all eyes will turn toward the next hurdles!

We have crowed about the Fiscal cliff and with a decided election vote (no extended time needed for a decision…taxes are set to rise dramatically on 12-31-12) a maximum amount of time is available for getting our taxable ducks in a row.  We know it is a big decision and wish all political participants play nice together and come to a positive decisive resolution (sooner rather than later would be great too!)

Treasury Secretary Timothy Geithner has hit the eject button and will leave his post shortly after year-end as well. Larry Fink of Blackrock is the whispered successor at this time.  This presidential nominated and senate approved post is heavy on work and light on accolades. Capital market participants including ourselves would like a clear runway to the next person holding the post.

Looking even further into the future, FOMC chairman Ben Bernanke has stated he wished to no longer hold his position after year’s end 2013. We will be interested to see if this statement sticks. For those conspiracy theorists, recall Greenspan was repeatedly asked to extend his stay and conceded after multiple retirement announcements.

Have a great day!


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Dallas, TX 75225

5 Financial Positives this Week !

Zigging and zagging our way to positives this week, we found it much easier to spot good financial events to bring to you; so here is our abbreviated list of just 5 positives from this week:

On Wednesday Moody’s cut French Banks ratings with a market yawn: While it may not seem like a big deal, recall just a few weeks ago when the US received a rating downgrade, market participants panicked, and ran for the hills. We perceive this lack of response as a good thing, as participants are becoming more accustom to the current situation.

Geithner to Poland: Tim Geithner, the US Treasury Secretary, has been very busy this week, as he makes two of our positives. Early AM today, US time, he set foot in Poland to discuss options with EU Finance ministers. Given that the US has had a bit of recent experience with financial crisis, we perceive this as a positive, especially given the cheers associated with his trip coming from abroad.

Angela to the Rescue in support of the Euro: Angela Merkel, in Honey Badger like form, continues to hold firm against her critics and trumpet support for the Euro as a currency. We perceive this as a positive as future stability of the Euro may help the multination group, however, the greater positive is Angela continues to hold her ground.

Timothy’s comments at a New York Conference (Video): Geithner, making his second appearance in our positives this week, said speaking of the EU nations  “…this is their challenge and they have the economic and financial capacity to meet this challenge. the people who are concerned that this is beyond their grasp are mistaken. the size of the challenges they face financially andeconomically are completely within the capacity of the stronger european members to manage”  This is a strong of vote as we have seen, especially coming from Tim.

China Closer to Soft Landing: China’s continued self-imposed head winds continue to slow, but not stop, their fast growing immense economy. This is a positive to the global economic picture. We voiced concerns at the beginning of the year, thankfully in positive fashion our trading neighbor is positively managing the slow down well.

We hope you have a great day and a wonderful weekend, and welcome Donald back from his trip to Jamaica and avoidance of harsh weather.