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robert shiller. >> great. >> case-shiller home price index this morning. when we come back cramer's mad dash, count down to the hoping bell and disney's blockbuster "frozen" living up to its name with an ice show as they milk that franchise. >> oh, boy. >> we'll talk to the show's producer later on. another look at the premarket and more "squawk on the street" from the nyse is straight ahead. what can your fidelity greenline do for you? just take a closer look. it works how you want to work. with a fidelity investment professional... or managing your investments on your own. helping you find new ways to plan for retirement. and save on taxes where you can. so you can invest in the life that you want today. tap into the full power of your fidelity greenline. call or come in today for a free one-on-one review. don't just visit rome. visit tripadvisor rome. with millions of reviews, tripadvisor makes any destination better. transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily cust
robert shiller. >> great. >> case-shiller home price index this morning. when we come back cramer's mad dash, count down to the hoping bell and disney's blockbuster "frozen" living up to its name with an ice show as they milk that franchise. >> oh, boy. >> we'll talk to the show's producer later on. another look at the premarket and more "squawk on the street" from the nyse is straight ahead. what can your fidelity greenline do for you? just take a...
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May 27, 2014
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q2 came in all that according to the s&p case shiller report. taking it local, some of the markets see substantial slowdowns are the leading boom to bust markets. l.a., phoenix, las vegas, tampa, of course san francisco is still up almost 21% from aier. new york was the only city to decline month to month. on the flip side, denver and dallas hit new post-crisis highs. also boston, charlotte, portland and san francisco. these price gains are being driven by largely a lack of supply. we did see gains in april listings, but we are not seeing big jumps in new construction, because the builder claim demand is not there. robert shiller said this morning on "squawk on the street", homeowners seem to be losing interest. sue? >> that is never a good thing for that industry. thank you, diana, very much. >>> investors generally speak love dividends. the s&p utility is the best-performing sector this year. we'll tell you which utility stocks have the best dividend growth coming up. >>> remember the jetson? their home was full of all spinds of space-age auto
q2 came in all that according to the s&p case shiller report. taking it local, some of the markets see substantial slowdowns are the leading boom to bust markets. l.a., phoenix, las vegas, tampa, of course san francisco is still up almost 21% from aier. new york was the only city to decline month to month. on the flip side, denver and dallas hit new post-crisis highs. also boston, charlotte, portland and san francisco. these price gains are being driven by largely a lack of supply. we did...
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May 28, 2014
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the s&p - case shiller price index reading shows.. home prices rose .2% in the first quarter from the 4th quarter. economists believe falling mortgage rates could stimulate the sector. the 30 year rate recently dipped to 4.14% and the 15 year to 3.25%. the lowest levels since october. a highly anticipted report says it will take two-billion dollars to rid detroit of blight. the city's task force reported more than 84-thousand blighted structures--about half of them in need of demolition. the report notes that help is coming from many sources, and that detroit could be in better shape within five years. the honda accord is still number one in the eyes of car theives! lojack is out with its annual list of the 10 most stolen vehicles... for the fifth year in row-- the accord takes the top honor-- followed by: honda civic, toyota camry, toyota corolla, chevrolet silverado, acura integra, cadillac escalade, ford f-350, nissan altima and chevy tahoe. auto parts seller autozone is spinning out double digit earnings growth -- again! for 31-co
the s&p - case shiller price index reading shows.. home prices rose .2% in the first quarter from the 4th quarter. economists believe falling mortgage rates could stimulate the sector. the 30 year rate recently dipped to 4.14% and the 15 year to 3.25%. the lowest levels since october. a highly anticipted report says it will take two-billion dollars to rid detroit of blight. the city's task force reported more than 84-thousand blighted structures--about half of them in need of demolition....
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May 27, 2014
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the s&p case-shiller index comes out. may confidence is out as well. >>> bank of america discovered an counting error when preparing its 10q. >>> and in washington, president obama will host the 014 science fair. he'll announce steps for his innovate to ed cates campaign. >>> and coming up, "squawk box" will be right back. >>> welcome back to "squawk box". a look at the utility sector this morning and why it is actually a winner so far. dominic? >> andrew, these companies literally power the american economy. utility companies are the conduits for electricity, natural gas. all that stuff that powers the american economy. they are less economically sensitive to the ups and downs of the overall systems. these companies make stuff no matter what the economy is like. 30 companies are in the s&p 500 utilities sector. which has the most potential up side is the question? wall street analysts have taken their best stab? according to analyst surveys, here are the top five. number two, centerpoint energy. it focuses on energy and
the s&p case-shiller index comes out. may confidence is out as well. >>> bank of america discovered an counting error when preparing its 10q. >>> and in washington, president obama will host the 014 science fair. he'll announce steps for his innovate to ed cates campaign. >>> and coming up, "squawk box" will be right back. >>> welcome back to "squawk box". a look at the utility sector this morning and why it is actually a winner so...
SFGTV: San Francisco Government Television
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May 5, 2014
05/14
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SFGTV
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we have a really wonderful partnership in this, in this building process with shiller elevator company. they have donated a significant amount of our hardware, security systems, and have made some very nice large cash contributions. again, if you want to make a cash contribution, 202 22, the word access, and that will send $10 to the agency. so, i'm just doing my job. we are really excited that this new location is going to be able to help the center take our game to the next level. we have more requests for peer-based support, especially from veterans, especially from women, folk who are survivors of gun injury. and we just don't have the space. so, the construction is in process. we move out july 11th. we still need as much money as folk are willing to help us out with from private donors. and we're really excited. i am really honored to have been able to share what we're up to at independent living with you all. we're a community center and i really feel that our new location is going to allow us to -- we're often the first stop for people who become disabled. and we need to be able
we have a really wonderful partnership in this, in this building process with shiller elevator company. they have donated a significant amount of our hardware, security systems, and have made some very nice large cash contributions. again, if you want to make a cash contribution, 202 22, the word access, and that will send $10 to the agency. so, i'm just doing my job. we are really excited that this new location is going to be able to help the center take our game to the next level. we have...
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May 13, 2014
05/14
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ALJAZAM
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that's why many investors are concerned that stocks could start falling soon, and that includes robert shiller, who won the nobel prize in economics. he famously predicted the.com bubble and the housing bubble, and now he worries about the stock market. he thinks that stocks have gotten too expensive by cracking a ratio. he looks at the s&p 500 the earnings in it. here's what you need to know. if the ratio is above the long-term average ever 16, he considers the stock market to be expensive, and you can see where it was during the tech bubble. and today it sits above 25. it's not just about that, but psychology and behavior. in his 2005 book he wrote, in an age where news spreads by enthusiasm, which spreads by alcohol contagion from person to person, in the process amplifying stories that might justify the price increase. here's what he told me about this behavior and what's ahead for the stock market. >> it's a phenomenon, some economic theorists disregard it or pretend that it doesn't exist. but it's psychological or sociological, but it's a real phone number. >> and the last time we observ
that's why many investors are concerned that stocks could start falling soon, and that includes robert shiller, who won the nobel prize in economics. he famously predicted the.com bubble and the housing bubble, and now he worries about the stock market. he thinks that stocks have gotten too expensive by cracking a ratio. he looks at the s&p 500 the earnings in it. here's what you need to know. if the ratio is above the long-term average ever 16, he considers the stock market to be...
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economic growth is the case shiller that came out housing is one of the factors and prices according to case shiller were up twelve point four in the last year how do you see the housing picture right now contributing to the economic scenario black knight has it a little bit different i don't work. all their exact percentages i don't think they have it up as as much so there's a little bit of divergence that there's a difference between the methodology is here so you know one you know one agency says one and certainly one of people follow the most probably is is is case schiller but if you have home prices are up unless let's just say they are what does that do for demand from the marginal buyer the one of the drivers of the economy is in a normal recovery least would be new household formation and we're not seeing it all new home sales are absolutely you know in in the gutter in some months they rise or stabilize a bit this last month they rose but it was solely on event it was all in the midwest the northeast the west other areas were were down so we see a little bit of stabilizati
economic growth is the case shiller that came out housing is one of the factors and prices according to case shiller were up twelve point four in the last year how do you see the housing picture right now contributing to the economic scenario black knight has it a little bit different i don't work. all their exact percentages i don't think they have it up as as much so there's a little bit of divergence that there's a difference between the methodology is here so you know one you know one...
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May 28, 2014
05/14
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now jimmy told me he's going to be reporting to phil shiller and eddy q. this transaction expected to close in q4. cook telling me it will be creative in fiscal year 2015. cook told me in part it's about the heritage and history and the emphasis that apple has always placed on music. continuing to define itself. there is no berlin wall between apple and los angeles. he spoke about the talent as well. legendary producers and executives. jimmy knows apple very well. he talked to me about his time with steve jobs. beats electronics told me did $1.1 billion in revenue last year. you think about their place, beats does dominate that space when it comes to high end headphones. they control about 52% of the market. that's a market growing fast. jumping about 20% in q1. you're getting streaming service. beats music and cook told me he thinks they do that service better than anybody. i did ask cook are you worried about the competition. this is where the movement is going. last year digital music download fell for the first time. but streaming consumption popped 42
now jimmy told me he's going to be reporting to phil shiller and eddy q. this transaction expected to close in q4. cook telling me it will be creative in fiscal year 2015. cook told me in part it's about the heritage and history and the emphasis that apple has always placed on music. continuing to define itself. there is no berlin wall between apple and los angeles. he spoke about the talent as well. legendary producers and executives. jimmy knows apple very well. he talked to me about his time...
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May 13, 2014
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. >> according to the s&p case-shiller home price index, homes in d.c. cost more than twice the national median and have risen more than 9% over the last year. the washington suburbs sure are doing well, right but if you look right inside of the district of columbia itself, household income there is only over a, a little over that is, $64,000. not as good as the burbs. missing from the housing recovery are younger adults or millenials as they're called. homeownership for those 35 and under compared to 43% in 2004. look at that. what will pull millenials back into the market? we have rick sharga and a chief economist for analytics from trulia. why do you think millenials have dropped out? >> millenials had a rough recession. their unemployment went up much more than for adults overall. even now they're less than halfway back to normal in terms of their jobs recovery. far fewer of them have a job today than before the recession. without a job they're not going to be living on their own and certainly not going to be buying a home. gerri: i understand that t
. >> according to the s&p case-shiller home price index, homes in d.c. cost more than twice the national median and have risen more than 9% over the last year. the washington suburbs sure are doing well, right but if you look right inside of the district of columbia itself, household income there is only over a, a little over that is, $64,000. not as good as the burbs. missing from the housing recovery are younger adults or millenials as they're called. homeownership for those 35 and...
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May 27, 2014
05/14
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existing home sales, new home sales, and now the case shiller home price numbers show a little uptick. remember the argument has been housing is somehow sliding backwards a bit. those numbers that we've got in the last three days indicate it may not be robust, certainly not sliding back. we've got lower mortgage rates, prices have moved up a little bit, according to case shiller, i think that's very good news for housing overall and that gives me a lot of heart. i agree. the economic deity has been very, very choppy and hard to interpret. the bond market reflects that. the vix, we talk about this all the time, is another vehicle. i don't think quite reflects the fear or levels of concern out there because there are many different ways that you can buy protection now outside of what the vix represents which is going long or buying puts and calls on the s&p 500 so a lot of other ways to do that these days and the vix would not necessarily reflect that. >> what would the near fear gauge be? >> hard to look at. have to look at some etfs longs and shorts, for example, other kinds of option
existing home sales, new home sales, and now the case shiller home price numbers show a little uptick. remember the argument has been housing is somehow sliding backwards a bit. those numbers that we've got in the last three days indicate it may not be robust, certainly not sliding back. we've got lower mortgage rates, prices have moved up a little bit, according to case shiller, i think that's very good news for housing overall and that gives me a lot of heart. i agree. the economic deity has...
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May 27, 2014
05/14
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case shiller saying home prices increeing in value. interest rates at the same time remain low. that's really a good thing. the consumer can continue to capitalize on low interest rates. i don't think we'll stay low in terms of the rates where they are at 2.5%. we're going to gradually go higher. i like the u.s., industrials, financials. europe into draghi next week, important and will be critical and i like europe, and still like ipdi ndia. plenty of places to put your money and i like the correction. don't have to correct in a major way. >> some deals happening, some not, joe. the fact people are talking to each other? >> m & a, good throughout the year. josh, thanks for the laugh. i'm in a cranky mood for multiple reasons. one, a score in little legal baseball. talk about the market, here's what's going on now. guys like me are expecting the pullback, and positioning for the pullback and it's not happening. we're approaching the end -- >> expecting a pullback? sitting in 60% cash in your playbook? we'll get there later. >> and talk about my personal pot follow yo, only 40% ex
case shiller saying home prices increeing in value. interest rates at the same time remain low. that's really a good thing. the consumer can continue to capitalize on low interest rates. i don't think we'll stay low in terms of the rates where they are at 2.5%. we're going to gradually go higher. i like the u.s., industrials, financials. europe into draghi next week, important and will be critical and i like europe, and still like ipdi ndia. plenty of places to put your money and i like the...
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May 27, 2014
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case-shiller out later today. home prices have been steadily climbing, spurring home equity loans. new data shows a 20% jump in new lines of credit last year. outstanding balances on home equity loans fell after the financial crisis and new loans were scarce as homeowners who paid down their debts and in some cases defaulted, but the sector is coming back as home prices rise. still, home equity loans are far below 2006 levels and likely won't drive consumer spending like they once did. >>> 43 minutes after the hour. a frantic hunt for a killer right now. police are looking for a man suspected of a deadly shooting spree at a jewish museum, but they do not even know who he is. we're live in brussels with the latest. you think you take off all your make-up before bed. but do you really? [ female announcer ] neutrogena® makeup remover erases 99% of your most stubborn makeup with one towelette. can your makeup remover do that? [ female announcer ] neutrogena® makeup remover. can your makeup remover do that? i dbefore i dosearch any projects on my home. i love my contractor, and i am s
case-shiller out later today. home prices have been steadily climbing, spurring home equity loans. new data shows a 20% jump in new lines of credit last year. outstanding balances on home equity loans fell after the financial crisis and new loans were scarce as homeowners who paid down their debts and in some cases defaulted, but the sector is coming back as home prices rise. still, home equity loans are far below 2006 levels and likely won't drive consumer spending like they once did....
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May 27, 2014
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>> i don't know about a trifecta, durable goods -- and case shiller, we all know the limitations of housing. i like bob's comments. everything keeps moving higher. look at gold, look at the vix. i say look at treasuries, okay? there is no fear, but yet interest rates are still low. as a matter of fact we're several basis points from testing a new low-yield close in tens, going beyond july, and that number would be 249. i continue to say the stencil is in place. stocks are going higher for a lot of reasons, maybe not the least of which is a little help from the fed. treasuries are painting a future where the economy may be humming along, but not humming along as aggressively as it has historically beyond this far a recession. >> thank you, rick. dom any, you have a market flash, what are you looking at? >> shares of citigroup right now coming off its highs, this after the cfo parening, saying he sees that second quarter of trading revenues will fall by about 20 to 25%, compared to the same time last year. you can see citi shares taking a dip on that bid of news, but remember, brian, mandy, t
>> i don't know about a trifecta, durable goods -- and case shiller, we all know the limitations of housing. i like bob's comments. everything keeps moving higher. look at gold, look at the vix. i say look at treasuries, okay? there is no fear, but yet interest rates are still low. as a matter of fact we're several basis points from testing a new low-yield close in tens, going beyond july, and that number would be 249. i continue to say the stencil is in place. stocks are going higher for...
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May 27, 2014
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you know that prices have continued to rise around the bay area and the latest report from the case shiller clarifies that even further in the month of march, the bay area was up 2.4% for the month the fourth strongest gain among the 20 cities, up nearly 21% from a year earlier. second strongest only to las vegas. overall the 20 city index was up .9% in march from the month before. up over 12% from a year earlier. >>> another key economic report out for investors as they get going toll lowing the memorial day holiday. -- going following the memorial day holiday. durable good rose .8%. and most of that came on military aircraft orders if you strip that out of the equation, and other defense orders, it actually fell by .8%. >>> investors don't seem to mind that though, the market is heading higher today. in fact the s&p has seat new intraday record high at 1908 and closed at 1900 on friday for the first time. let's take a look @ big boards and see the early going. right now the dow up about 55 points and nasdaq gaining 22 and s&p right now up at 1908. back to you michelle and frank. >> all ri
you know that prices have continued to rise around the bay area and the latest report from the case shiller clarifies that even further in the month of march, the bay area was up 2.4% for the month the fourth strongest gain among the 20 cities, up nearly 21% from a year earlier. second strongest only to las vegas. overall the 20 city index was up .9% in march from the month before. up over 12% from a year earlier. >>> another key economic report out for investors as they get going toll...
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May 28, 2014
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the standard and poor's case- shiller index reports homes cost 12% more in march than a year ago. and on wall street, the dow jones industrial average gained 69 points today to close at 16,675. the nasdaq rose 51 points to close at 4,237. and the s-and-p closed at a record high for a second straight session, adding 11 points to finish near 1,912. >> woodruff: still to come on the newshour: president obama's roadmap for withdrawing troops from afghanistan; escalating violence in eastern ukraine; the supreme court weighs in on an i.q. threshold for the death penalty; louisiana's crumbling coastline; today's historic meeting between the leaders of pakistan and india; plus, the pitfalls of portable classrooms. >> ifill: in the white house rose garden today, president obama declared 2014 a pivotal year in the march toward pulling nearly all u.s. troops out of afghanistan by the end of 2016. >> at the beginning of 2015, we will have approximately 9,800, 9,800, u.s. service members in different parts of the country, together with our n.a.t.o. allies and other partners. by the end of 2015
the standard and poor's case- shiller index reports homes cost 12% more in march than a year ago. and on wall street, the dow jones industrial average gained 69 points today to close at 16,675. the nasdaq rose 51 points to close at 4,237. and the s-and-p closed at a record high for a second straight session, adding 11 points to finish near 1,912. >> woodruff: still to come on the newshour: president obama's roadmap for withdrawing troops from afghanistan; escalating violence in eastern...
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May 14, 2014
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now, bob shiller is a smart guy. i'm not here to put him down, this is not necessarily the best way to measure it. look at last year or this year or a year ahead,or really around 15 times earnings and that's not bad. my advice, sometimes kudlow is right, sometimes kudlow is wrong, i wouldn't jump out of the market right now. >> housing and consumer spending. >> housing is stable temperature it -- stable. larry said trade at about 16 times earnings currently. and on that basis the s&p 500 could be 1950, 1975 next year. s&p earnings are supposed to be 117 this year, gross 6%. if you believe what lee cooperman says, which is stocks are the best house in a good neighborhood currently, they're fair live priced. they're not cheap in relation to what they've been historically and they're not over live expensive. >> so why is main street still suffering and why is wall street doing so well? >> when you look at the unemployment rate that has declin declined, it's mostly because people have left the workforce. there's only abo
now, bob shiller is a smart guy. i'm not here to put him down, this is not necessarily the best way to measure it. look at last year or this year or a year ahead,or really around 15 times earnings and that's not bad. my advice, sometimes kudlow is right, sometimes kudlow is wrong, i wouldn't jump out of the market right now. >> housing and consumer spending. >> housing is stable temperature it -- stable. larry said trade at about 16 times earnings currently. and on that basis the...
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May 27, 2014
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durable goods, case shiller, consumer confidence, richmond fed are all coming out this morning. futures higher. morning from a "bloomberg surveillance" on bloomberg television and bloomberg radio. look for us on bloomberg.com. bloomberg radio plus and bloomberg tv plus. not monday morning. with me is scarlet fu and adam johnson. raj date, former deputy director of consumer financial protection. up overdebt you rang the weekend. lots to talk about on wall street. >> the time to take stock of what has been going on. >> perfectly said. up, bonuses are down. uncertainty is at an all-time high at the biggest firms on wall street. more talent is looking for new homes. a lot of feinstein -- a lot of feinstein says hedge funds are getting banks a run for their money. saylked to traders and they they are asking what is the upside to doing this or proposing that? the downside is so huge now that they are better off sitting on their hands. >> there is no upside to taking risk of the way there once was. you can only be penalized for it. the compensation of years past does not exist. if you
durable goods, case shiller, consumer confidence, richmond fed are all coming out this morning. futures higher. morning from a "bloomberg surveillance" on bloomberg television and bloomberg radio. look for us on bloomberg.com. bloomberg radio plus and bloomberg tv plus. not monday morning. with me is scarlet fu and adam johnson. raj date, former deputy director of consumer financial protection. up overdebt you rang the weekend. lots to talk about on wall street. >> the time to...
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May 14, 2014
05/14
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BLOOMBERG
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. >> what about professor robert shiller out of yale, nobel laureate, who says if you adjust your cost and inflation you only .8 are sentnly make -- .8%. >> perhaps taken away from their this reverses course and changes the role. it emphasizes the presence that they will have. >> it is why senator bob corker of tennessee says even though we want to get rid of them, you cannot. we actually need them. >> it is almost like a big anotheranother day, high for record stocks. blue chips are getting it done these days, and it comes as people are not even questioning what the fed is doing. >> there is no buzz on this. aen pushing five years, into bold market. our guest host for the hour, is , chief global strategist at leland company. is this the most unloved bull market since time began? >> it has been unloved for a couple of years and it is getting into the hatred camp right now. i think people are seeing the market that keeps edging higher. one of the highs on the street with 2100 spx price target for year end, the evaluations have been stretched, so people do not like this idea. >> are we c
. >> what about professor robert shiller out of yale, nobel laureate, who says if you adjust your cost and inflation you only .8 are sentnly make -- .8%. >> perhaps taken away from their this reverses course and changes the role. it emphasizes the presence that they will have. >> it is why senator bob corker of tennessee says even though we want to get rid of them, you cannot. we actually need them. >> it is almost like a big anotheranother day, high for record stocks....
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May 8, 2014
05/14
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. >> bob shiller of the case schiller index said that if you go back to 1900, adjusted for inflation, you generally return about 0.5%. >> we will be right back and talk about tesla down seven percent in the market. ♪ >> good thursday morning, "bloomberg surveillance." quiet with futures flat and the vxx shows you the enthusiasm out there and nymex crude is over $100 per barrel. is electronic arts, up more than 21%. it posted fiscal fourth-quarter profits that beat estimates but you wonder if it can keep that momentum going. >> look at the losers. it's like a one-day bear market. >> whole foods is down 19% with profit that disappointed investors because of increasing competition with traditional supermarkets and walmart expanding into organic food. >> i just won't buy the organic kale. i go with a regular kale. >> you are a new age guy. >> a guy in brooklyn is growing organic kale. he's got it on his roof. >> i got a caesar salad the other day made with kaelin it was pretty good. >> did you pay $12? >> more than that. it's ridiculous. >> so much for old news. >> growing pains or grow
. >> bob shiller of the case schiller index said that if you go back to 1900, adjusted for inflation, you generally return about 0.5%. >> we will be right back and talk about tesla down seven percent in the market. ♪ >> good thursday morning, "bloomberg surveillance." quiet with futures flat and the vxx shows you the enthusiasm out there and nymex crude is over $100 per barrel. is electronic arts, up more than 21%. it posted fiscal fourth-quarter profits that beat...
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May 21, 2014
05/14
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FBC
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when you look at robert shiller's model and you adjust for this at the colony of earnings, we are at levels that most major bull markets and bubbles have peaked. not quite as extreme as in early 2000 feared we should not even be here. this is not even a real recovery. this is not real. the fundamental trends will get worse. stuart, i look at patterns in the near-term. we have a major third bubble peaking here at higher highs. it suggests that we will go to lower lows. we are in a way that keeps narrowing. i think we will probably see a peak in the next month. i am sticking to nearby target. near 7000 peak. we will see something like 6000. this is not something you buy and hold. stuart: hold on a second. could things turn around? let's speculate for a second that there is a turnaround in america. we have a president that will cut taxes and give us four-five- 6.5% world. i am not saying it is a new ronald reagan. would you change your forecast? >> it is after my bottom target did i think you probably will see some sort of changes and talented. long-term of politics does not drive. i do
when you look at robert shiller's model and you adjust for this at the colony of earnings, we are at levels that most major bull markets and bubbles have peaked. not quite as extreme as in early 2000 feared we should not even be here. this is not even a real recovery. this is not real. the fundamental trends will get worse. stuart, i look at patterns in the near-term. we have a major third bubble peaking here at higher highs. it suggests that we will go to lower lows. we are in a way that keeps...
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May 27, 2014
05/14
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home prices nationwide, this is the 20 city composite index from kay shiller, up 0.9% from february to march. rose almost 1%. compared to march last year, home prices up 12.6%. that feels really good but remember, we came down hard for several years and these home prices are still trying to claw out of that big decline that we saw. still rising. there's a chart overall since 2006. still creeping up, carol, but slowing. slowing, we are in terms of the pace of the home price gains. >> sort of like the pace of the overall economy. >> yes. >> do different geographical regions matter in the slowdown? >> all real estate is local. like politics. all real estate is local. some high flying cities see 22% year over year price increases like san francisco for example, las vegas. but pace of the increases is slowing. when you look at places like new york, you saw prices decline a little bit from february to march. that was a little bit unusual. you saw record high prices really nearing peak prices in dallas and denver. depending on where you live, it could be a very different scenario. still seein
home prices nationwide, this is the 20 city composite index from kay shiller, up 0.9% from february to march. rose almost 1%. compared to march last year, home prices up 12.6%. that feels really good but remember, we came down hard for several years and these home prices are still trying to claw out of that big decline that we saw. still rising. there's a chart overall since 2006. still creeping up, carol, but slowing. slowing, we are in terms of the pace of the home price gains. >> sort...
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shiller, the nobel prize economist, is now saying that his current p.e. metric puts the youent stock market -- know, there's only been four other times in the last 100 years it's been this high. think he called the -- caught the last two bubbles. i think he's calming a bubble in right now.arket my opinion is that a lot of it likeo do with fed policy, the last caller was talking about. i know that the quantitative i think has been a massive transfer of wealth to the top percentile. 90%ou look at statistics, of the income growth that was the top 1% gone to since the 2008 bubble. the expansion of the balance sheet, i find, is very .erve-racking as far as monetizing u.s. debt with quantitative easing, i very badt's also policy. i think we're creating more bubbles here. let our guest respond. guest: those are all very good points and are central to the been having the last couple of years about the role of the federal reserve and the economy. inlike to think of the u.s. particular as a free market, as capitalism.ered obviously when you have a central bank cont
shiller, the nobel prize economist, is now saying that his current p.e. metric puts the youent stock market -- know, there's only been four other times in the last 100 years it's been this high. think he called the -- caught the last two bubbles. i think he's calming a bubble in right now.arket my opinion is that a lot of it likeo do with fed policy, the last caller was talking about. i know that the quantitative i think has been a massive transfer of wealth to the top percentile. 90%ou look at...
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would you agree with that well yeah it's crazy because there's a study done by couple of academics shiller can say well where they studied about one hundred sixty years of history and found that every you know every financial economic crisis was preceded by a massive rise in the level of debts and so it's the debt and the money created by banks that leads to these financial crises what we have now is banks creating all this money for the property bubble that will probably leaders in some of the financial crisis and it's their job to prevent that from happening at the moment they're passing the ball right so we're getting back to what you're saying a couple of us got it so the other worth the money creation who is going to be responsible i brought the point of the treasury but that was my point but what is how do you see it all there positive money well there's a debate to be had about this about who you can trust with this power the important thing is whoever is if you set up a new independent body or some other shoe polish committee of the treasury. if the people like create money can ben
would you agree with that well yeah it's crazy because there's a study done by couple of academics shiller can say well where they studied about one hundred sixty years of history and found that every you know every financial economic crisis was preceded by a massive rise in the level of debts and so it's the debt and the money created by banks that leads to these financial crises what we have now is banks creating all this money for the property bubble that will probably leaders in some of the...