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Thursday, January 08, 2009
Get Ready for One Costly Ride
Neil Cavuto, Managing Editor & Anchor
FOXBusiness
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Get ready.
Things are going to get expensive.
Very expensive.
And you're looking at stimulus Ground Zero.
Washington. Where the chickens are coming home to roost.
And you're chicken if you dare question the cost.
Here's the deal:
Let's make a deal. And fast.
President-elect Barack Obama says time's a-wastin'! And if Congress dithers, we wither...that things likely will get worse before they get better, but if Washington doesn't move soon, we might as well all move, period.
All right...he didn't say we should all move, things are so bad.
But he did say things are so bad that we might have to spend as much to stimulate this economy as we're in deficit in this economy...
$1.2 trillion.
Think about that.
I'm not here to debate the pros and cons of stimulus...Just its staggering cost.
In blackjack terms, we are "double-downing."
Conceivably taking that $1.2 trillion deficit and doubling it, in the hopes we can win it all back...In this case, by boosting the economy, boosting revenues, boosting jobs, and boosting everything else that needs boosting.
It's a boost of faith -- and to be fair to the president-elect, his poker-face reaction to the bad cards he's been dealt.
But let's be clear:
He has cast his chips...all his chips...with the government.
As he put it today, "only government can break the vicious cycles that are crippling our economy."
Others can and will debate that... As will we...no debating this is the route we're taking.
Get ready. We're in for one heck of a costly ride.
FOX Translator
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A specialist is a member of a stock exchange who works as an auctioneer for a specific stock and/or stocks. It can be an individual, partnership, corporation or group of firms.
The specialist works to maintain a "fair and orderly market" for respective stocks, matching up buyers and sellers by displaying the best "bid" and "ask" prices at its trading post. If buys are not equal to sells, the specialist evens the scale by buying or selling shares, accordingly. However, they cannot make their own transactions until all investor orders have been placed.
Gauging supply and demand, the specialist sets an opening price for the stocks in its domain. If a price has not been set by the time the market opens, the specialist can delay that particular stock's opening.
Specialists make money off the "spread," which is the difference between bid and ask prices on orders.






