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Thank you seabreezing, great posts.
We are on the way to recovering.
One of Warren Buffett's Favorite Stocks! This stock will explode to lofty heights in the future, IMO.
HT
Text of Bernanke's Jackson Hole Speech
JACKSON HOLE, Wyo. (TheStreet) -- Good morning. As always, thanks are due to the Federal Reserve Bank of Kansas City for organizing this conference. This year's topic, long-term economic growth, is indeed pertinent--as has so often been the case at this symposium in past years. In particular, the financial crisis and the subsequent slow recovery have caused some to question whether the United States, notwithstanding its long-term record of vigorous economic growth, might not now be facing a prolonged period of stagnation, regardless of its public policy choices. Might not the very slow pace of economic expansion of the past few years, not only in the United States but also in a number of other advanced economies, morph into something far more long-lasting?
I can certainly appreciate these concerns and am fully aware of the challenges that we face in restoring economic and financial conditions conducive to healthy growth, some of which I will comment on today. With respect to longer-run prospects, however, my own view is more optimistic. As I will discuss, although important problems certainly exist, the growth fundamentals of the United States do not appear to have been permanently altered by the shocks of the past four years. It may take some time, but we can reasonably expect to see a return to growth rates and employment levels consistent with those underlying fundamentals. In the interim, however, the challenges for U.S. economic policymakers are twofold: first, to help our economy further recover from the crisis and the ensuing recession, and second, to do so in a way that will allow the economy to realize its longer-term growth potential. Economic policies should be evaluated in light of both of those objectives.
This morning I will offer some thoughts on why the pace of recovery in the United States has, for the most part, proved disappointing thus far, and I will discuss the Federal Reserve's policy response. I will then turn briefly to the longer-term prospects of our economy and the need for our country's economic policies to be effective from both a shorter-term and longer-term perspective.
Near-Term Prospects for the Economy and Policy
In discussing the prospects for the economy and for policy in the near term, it bears recalling briefly how we got here. The financial crisis that gripped global markets in 2008 and 2009 was more severe than any since the Great Depression. Economic policymakers around the world saw the mounting risks of a global financial meltdown in the fall of 2008 and understood the extraordinarily dire economic consequences that such an event could have. As I have described in previous remarks at this forum, governments and central banks worked forcefully and in close coordination to avert the looming collapse. The actions to stabilize the financial system were accompanied, both in the United States and abroad, by substantial monetary and fiscal stimulus. But notwithstanding these strong and concerted efforts, severe damage to the global economy could not be avoided. The freezing of credit, the sharp drops in asset prices, dysfunction in financial markets, and the resulting blows to confidence sent global production and trade into free fall in late 2008 and early 2009.
We meet here today almost exactly three years since the beginning of the most intense phase of the financial crisis and a bit more than two years since the National Bureau of Economic Research's date for the start of the economic recovery. Where do we stand?
There have been some positive developments over the past few years, particularly when considered in the light of economic prospects as viewed at the depth of the crisis. Overall, the global economy has seen significant growth, led by the emerging-market economies. In the United States, a cyclical recovery, though a modest one by historical standards, is in its ninth quarter. In the financial sphere, the U.S. banking system is generally much healthier now, with banks holding substantially more capital. Credit availability from banks has improved, though it remains tight in categories--such as small business lending--in which the balance sheets of potential borrowers remain impaired. Companies with access to the public bond markets have had no difficulty obtaining credit on favorable terms. Importantly, structural reform is moving forward in the financial sector, with ambitious domestic and international efforts underway to enhance the capital and liquidity of banks, especially the most systemically important banks; to improve risk management and transparency; to strengthen market infrastructure; and to introduce a more systemic, or macroprudential, approach to financial regulation and supervision.
Text of Bernanke's Jackson Hole Speech
JACKSON HOLE, Wyo. (TheStreet) -- Good morning. As always, thanks are due to the Federal Reserve Bank of Kansas City for organizing this conference. This year's topic, long-term economic growth, is indeed pertinent--as has so often been the case at this symposium in past years. In particular, the financial crisis and the subsequent slow recovery have caused some to question whether the United States, notwithstanding its long-term record of vigorous economic growth, might not now be facing a prolonged period of stagnation, regardless of its public policy choices. Might not the very slow pace of economic expansion of the past few years, not only in the United States but also in a number of other advanced economies, morph into something far more long-lasting?
I can certainly appreciate these concerns and am fully aware of the challenges that we face in restoring economic and financial conditions conducive to healthy growth, some of which I will comment on today. With respect to longer-run prospects, however, my own view is more optimistic. As I will discuss, although important problems certainly exist, the growth fundamentals of the United States do not appear to have been permanently altered by the shocks of the past four years. It may take some time, but we can reasonably expect to see a return to growth rates and employment levels consistent with those underlying fundamentals. In the interim, however, the challenges for U.S. economic policymakers are twofold: first, to help our economy further recover from the crisis and the ensuing recession, and second, to do so in a way that will allow the economy to realize its longer-term growth potential. Economic policies should be evaluated in light of both of those objectives.
This morning I will offer some thoughts on why the pace of recovery in the United States has, for the most part, proved disappointing thus far, and I will discuss the Federal Reserve's policy response. I will then turn briefly to the longer-term prospects of our economy and the need for our country's economic policies to be effective from both a shorter-term and longer-term perspective.
Near-Term Prospects for the Economy and Policy
In discussing the prospects for the economy and for policy in the near term, it bears recalling briefly how we got here. The financial crisis that gripped global markets in 2008 and 2009 was more severe than any since the Great Depression. Economic policymakers around the world saw the mounting risks of a global financial meltdown in the fall of 2008 and understood the extraordinarily dire economic consequences that such an event could have. As I have described in previous remarks at this forum, governments and central banks worked forcefully and in close coordination to avert the looming collapse. The actions to stabilize the financial system were accompanied, both in the United States and abroad, by substantial monetary and fiscal stimulus. But notwithstanding these strong and concerted efforts, severe damage to the global economy could not be avoided. The freezing of credit, the sharp drops in asset prices, dysfunction in financial markets, and the resulting blows to confidence sent global production and trade into free fall in late 2008 and early 2009.
We meet here today almost exactly three years since the beginning of the most intense phase of the financial crisis and a bit more than two years since the National Bureau of Economic Research's date for the start of the economic recovery. Where do we stand?
There have been some positive developments over the past few years, particularly when considered in the light of economic prospects as viewed at the depth of the crisis. Overall, the global economy has seen significant growth, led by the emerging-market economies. In the United States, a cyclical recovery, though a modest one by historical standards, is in its ninth quarter. In the financial sphere, the U.S. banking system is generally much healthier now, with banks holding substantially more capital. Credit availability from banks has improved, though it remains tight in categories--such as small business lending--in which the balance sheets of potential borrowers remain impaired. Companies with access to the public bond markets have had no difficulty obtaining credit on favorable terms. Importantly, structural reform is moving forward in the financial sector, with ambitious domestic and international efforts underway to enhance the capital and liquidity of banks, especially the most systemically important banks; to improve risk management and transparency; to strengthen market infrastructure; and to introduce a more systemic, or macroprudential, approach to financial regulation and supervision.
Our exclusive License Agreement with Corning, Inc. (the “Corning License Agreement”) wherein the Company licensed the
exclusive worldwide right to use and sublicense Corning’s patent-pending Modular Microfluidic System and Method for
Building Modular Microfluidic System.
The Company owns 19% interest in BlackBox Semiconductor, Inc., a publicly traded company and uses the equity method of
accounting for this investment, as management has determined that the Company has the ability to influence the operating and
financial decisions of BlackBox. Under this method, the Company recognizes earnings and losses of BlackBox in its financial
statements and adjusts the carrying amount of its investment in BlackBox accordingly. The Company’s share of earnings and losses
are based on the shares of common stock and in-substance common stock of BlackBox held by the Company. Any intra-entity profits
and losses are eliminated.
This one is going to make a nice recovery soon, IMO of course.
LOL, you know it!
This company is having major surgery. The evaluation of the stock should change dramatically.
Latest update:It has concluded an investigation into potentially misappropriated funds, determining that no restatement of financial statements will be required. Although it concluded no adjustments or restatement of prior issued financial statements were required, it said a weakness in internal controls over financial reporting was identified tied to the identification and disclosure for related party relationships and transactions.
The news is great. The process begins. I believe when this gets recognized we will double our pps. When that happens, we can look for major gains. The team appears to have the knowledge, experience, and sound decision making skills. Updating the shareholders, so we may monitor is taking place. I see the process becoming clearer, so I now can begin measure the stock better.
Have a great day all.
HT
I was convinced by a good friend to invest. I shall continue the DD.
HT
I have bought into this about a year now. I do believe this is the future.
Next generation alternative and renewable energy technologies.
"Improved transparency and color of our SolarWindow(TM) coatings allows for the development of a consumer-popular product which generates electricity on see-through glass while mimicking the aesthetic look of today's popular window tint and films," explained Mr. John A. Conklin, President and CEO of New Energy Technologies, Inc.
Thank you lord, put an end to this slide.
IMO, this stock can double.
My apology. Your feeling is incorrect.
After 48 hours. Thank you.
Good Afternoon TBT, I may be out of town for a short while. Keep an eye on things around here. Good Luck.
HT
A good stock in my opinion.
Investigation taking place.
Slow and steady is alright with me.
Good Morning Kev2128, IMO BYD has potential reach 8-9 range. Good Luck.
HT
I keep adding a little more each day. This will move soon.
I have shaken head and move away for now. I have so much action going on, I can't continue the DD at this time. Something else is catching my attention.
I'm smelling profits again.
Optimum purchase level, IMO.
HT
I shall enter this a some point soon.
Looks to be headed further down.
Boyd Gaming Corporation owns and operates several gaming properties throughout the United States. The Company also operates entertainment, restaurants, shopping, and recreational facilities on its properties.
Boyd Gaming traded at 52-week low today of $5.18. So far today approximately 2 million shares have been exchanged, as compared to an average 30-day volume of 2 million shares.
life43, I have a disease. Its called I can't stop buying stocks itis. My head is spinning with over 70 to keep up with. I cannot go all in on any one. But, I get the point.
HT
moxy7, teach him all you know. So, I can make more money. LOL. Thanks. I lucked into this one. The blind squire thing.
HT
"There are no pending liabilities but only positive announcements to come forward regarding the company", is what I read today. If all is as it seems, this stock has a good future.
Very good. He is a savvy investor indeed. We have a great group of investigators here.
Hope you are doing well GREGG. Good to see you here.
The Attorney General is looking into Goldman Sachs for misleading clients during the mortgage crisis of 2007. A possible coverup.
Nice. Water is better than gold in the long run.