3 Key Events From the Past Week

In this segment of The Motley Fool's financials-focused show, Where the Money Is, financial-sector analysts Matt Koppenheffer and David Hanson take a look at three can't-miss stories from the past week.

In Fed-watch news, Chicago Fed president Charles Evans got bold about the potential for the Fed slowing down bond purchases in 2013. Matt and David also break down notable earnings releases from Annaly Capital (NYSE: NLY  ) and Markel (NYSE: MKL  ) .

The U.S. government has piled on more than $10 trillion of new debt since 2000. Annual deficits topped $1 trillion after the financial crisis. Millions of Americans have asked: What the heck is going on? The Motley Fool's new free report, "Everything You Need to Know About the National Debt," walks you through with step-by-step explanations about how the government spends your money, where it gets tax revenue from, the future of spending, and what a $16 trillion debt means for our future. Click here to read the full report!

To follow the Fool's coverage of financial stocks on Twitter, click here!


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  • Report this Comment On August 11, 2013, at 2:59 PM, neocolonialist wrote:

    There is no good news. What indicators are signaling an improving economy?

    Jobs? What about the employment numbers being made up 3/4 of part-time jobs makes that look good? Also, how many folks that have stopped looking for work do we have to have before people stop paying attention to the published jobs numbers? Jobs are clearly down.

    Inflation numbers? The FED is so heavily modifying the CPI numbers I can't believe anyone pays attention to them anymore. And how about that newly revised GDP calculation? They put current inflation, in that figure, at 0.7%. 0.7% really? Does it take a rocket scientist to figure out that inflation is quite a bit higher than that. The govt's own twisted inflation calculations put inflation at at least 1.1% and that number is way too low. Anyone doing their own grocery shopping should be able to tell that these numbers are not reflective of reality. Inflation is probably closer to 3-4%. Which isn't low.

    GDP? As already mentioned, to show any growth at all they had to fudge the GDP so badly as to make the calculation laughable. We have no GDP, which makes sense when you figure that inflation is high and rising and you have no jobs growth.

    So, am I some conspiracy theorist that believes the government is out to get me? How about I am just someone paying attention. Part-time jobs growth numbers that leave out people who have gone so long looking for work (years) that they give up (and that is a significant percentage) says that there is no jobs growth. You don't have to subscribe to conspiracy theories to see that.

    As far as the "taper" the FED keeps talking about? Give me a break. They have not, and are not going to taper. Every time Geitner even mentions the word the market tumbles. He couldn't taper if he wanted to, it will devastate the economy.

    No, my bet is that QE Infinity is exactly that, and that by years end QE will actually increase rather than taper.

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