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Dana Blankenhorn

 
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  • Europe hits session lows, the Stoxx 50 -1% as Spanish government debt goes bidless, the 2-year note +46 bps to 5.46%, the 10-year +32 bps to 7.19%. Madrid and Milan equity indexes lead the decline, each down more than 2%. S&P futures -0.5%. Remember JPMorgan's call for a 2% gain in the S&P upon a New Democracy victory? Well, there's still a chance.  [View news story]
    Destroy the middle class and you not only destroy your market, but you destroy social stability. A society based on a very, very few at the top and a bunch of peasants is headed for open revolt.

    What really needs to happen is that the bankers have to take a bigger hit than they have been willing to take. These are bad debts. They won't be collected. Deal with it.
    Jun 19, 2012. 09:07 AM | Likes Like |Link to Comment
  • Microsoft Forced Into Nokia Bidding War [View article]
    Turns out dinosaurs were also much lighter than we had long supposed.
    Jun 19, 2012. 09:05 AM | Likes Like |Link to Comment
  • Why Linus Gave Nvidia The Finger [View article]
    No, it is changing to integrated architectures right now. AMD and Intel are gaining, Nvidia is losing.
    Jun 18, 2012. 03:57 PM | Likes Like |Link to Comment
  • Initial Jobless Claims: 386K vs. 375K consensus (prior week revised to 380K from 377K). Continuing claims -33K to 3.27M.  [View news story]
    I don't have an ideology.

    You created something called "socialist" for me and said it was useless, while proclaiming yourself a friend of "Freedom."

    It's not true. On either side. I think you do what works. Growth works. Austerity does not.
    Jun 18, 2012. 02:52 PM | Likes Like |Link to Comment
  • Europe hits session lows, the Stoxx 50 -1% as Spanish government debt goes bidless, the 2-year note +46 bps to 5.46%, the 10-year +32 bps to 7.19%. Madrid and Milan equity indexes lead the decline, each down more than 2%. S&P futures -0.5%. Remember JPMorgan's call for a 2% gain in the S&P upon a New Democracy victory? Well, there's still a chance.  [View news story]
    This business of screw the workers on behalf of the creditors hasn't worked. Where is the austerity fairy? Ask the Greeks where it is. Ask the Spaniards.

    She doesn't exist.
    Jun 18, 2012. 02:50 PM | Likes Like |Link to Comment
  • Europe hits session lows, the Stoxx 50 -1% as Spanish government debt goes bidless, the 2-year note +46 bps to 5.46%, the 10-year +32 bps to 7.19%. Madrid and Milan equity indexes lead the decline, each down more than 2%. S&P futures -0.5%. Remember JPMorgan's call for a 2% gain in the S&P upon a New Democracy victory? Well, there's still a chance.  [View news story]
    No, it's not. The current government is doing all it can to reduce the rate of debt formation.
    Jun 18, 2012. 02:49 PM | Likes Like |Link to Comment
  • Yahoo Has An Old-Media Strategy [View article]
    The mistake lies in assuming scarcity. Cable programming networks tend to assume scarcity. So who is going to say no at a cable programmer? Especially when the same guy is making the offer as negotiated on your side before?
    Jun 18, 2012. 02:48 PM | Likes Like |Link to Comment
  • Why Linus Gave Nvidia The Finger [View article]
    These things run in cycles and right now the cycle is moving toward putting graphics inside the chip rather than the main processor.

    That said there are Nvidia bulls here.
    Jun 18, 2012. 02:47 PM | Likes Like |Link to Comment
  • Initial Jobless Claims: 386K vs. 375K consensus (prior week revised to 380K from 377K). Continuing claims -33K to 3.27M.  [View news story]
    I think your view of the Progressive Era is a complete nonsense, but I don't have time to educate an ideologue whose faith is in what others tell him. Just try taking a survey course in American history some time. Start here http://bit.ly/KXWwDF
    Jun 18, 2012. 01:05 PM | Likes Like |Link to Comment
  • Initial Jobless Claims: 386K vs. 375K consensus (prior week revised to 380K from 377K). Continuing claims -33K to 3.27M.  [View news story]
    If any private actor is stronger than the government they become the government. Government must be stronger than Jaime Dimon.

    "Limited" government is the cry whenever a lawbreaker wishes to get out of their responsibility for having broken the law, or when they wish there had been no law.

    We have a basic philosophical disagreement. I think your philosophy leads to a government of the many by the few with great wealth. What we face today is precisely what we faced 120 years ago in the run-up to progressivism. Only back then the Republicans were on the progressive side.
    Jun 18, 2012. 12:43 PM | Likes Like |Link to Comment
  • Summer of discontent? European box office totals for major movie studios are getting smacked around by the mind-blowing TV ratings of the European soccer championships. In Germany, the nation's last group stage game drew a stellar 74.2% share that left movie theaters all but empty as the leading movie of the pack - Men in Black 3 - only earned a paltry €1.3M ($1.6M) for the weekend. The soccer games run for another two weeks and later this summer the Olympics take center stage. [View news story]
    Both are probably doing better than the studios right now. An interesting counter trade.
    Jun 18, 2012. 10:54 AM | Likes Like |Link to Comment
  • Summer of discontent? European box office totals for major movie studios are getting smacked around by the mind-blowing TV ratings of the European soccer championships. In Germany, the nation's last group stage game drew a stellar 74.2% share that left movie theaters all but empty as the leading movie of the pack - Men in Black 3 - only earned a paltry €1.3M ($1.6M) for the weekend. The soccer games run for another two weeks and later this summer the Olympics take center stage. [View news story]
    I am afraid you may be. They are slow at the back, they are not creative in the midfield, and their strikers (other than Rooney) are relatively young and untested.

    That said, they're playing much better than expected. Hodgson is doing a good job.
    Jun 18, 2012. 10:54 AM | Likes Like |Link to Comment
  • Why Linus Gave Nvidia The Finger [View article]
    Whether someone has a "right" to do something and whether it's "right" to do it, in a market and/or moral sense, are different questions.

    I don't question NVidia's right to diss Linux. But their market share has been going down for quite some time, and this may be one reason, as the companies beating them out of share are more cooperative with open source. Losing money is not right. Losing share, also not right.
    Jun 18, 2012. 10:53 AM | Likes Like |Link to Comment
  • Initial Jobless Claims: 386K vs. 375K consensus (prior week revised to 380K from 377K). Continuing claims -33K to 3.27M.  [View news story]
    No, I just didn't agree with your premises. Your premises are, in my view, false premises. That's a response. You disagree.

    Fine.
    Jun 18, 2012. 10:31 AM | Likes Like |Link to Comment
  • Summer of discontent? European box office totals for major movie studios are getting smacked around by the mind-blowing TV ratings of the European soccer championships. In Germany, the nation's last group stage game drew a stellar 74.2% share that left movie theaters all but empty as the leading movie of the pack - Men in Black 3 - only earned a paltry €1.3M ($1.6M) for the weekend. The soccer games run for another two weeks and later this summer the Olympics take center stage. [View news story]
    It's really, really, really hard to win three tourneys in a row. Because once you reach the knock-out stages it is a crapshoot.

    I think Greece proved that against Russia. One bad game and you're out. You might just not be lucky. It might go to penalty kicks -- the ultimate crapshoot. (And isn't Greece-Germany going to bring back memories of Hungary-USSR 1956?)

    That said, Spain is awful fun to watch. I'm guessing they'll win the group, drop England next, and head into the semifinals with a full head of steam. And then we'll see.

    Should be fun.
    Jun 18, 2012. 10:30 AM | Likes Like |Link to Comment
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