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Jack Rice  

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  • Facebook Running Into A Growth Problem [View article]
    Well, here's a shot:

    Facebook's present valuation in terms of market cap is based on how the market views future prospects. FB's market cap is a sizable premium over current value. The market is manifestly positive over FB's future prospects.

    There are two parts to assessing future prospects. The first is to assess the merits of FB's business plan. The second is to assess how well FB is expected to execute this plan.

    The market valuation of FB also contains an implied discount for the possibility that the business plan will not succeed, because it is intrinsically bad, or it is poorly exercised. As FB executes its business plan, and the plan succeeds, this discount will reduce.

    Those who hold FB for long-term investment believe that the FB business plan is potentially profitable and that FB has proven that it can execute, and therefore when executed, FB's business plan will succeed in adding value to FB far in excess of the current market cap. It's up to you to make your own assessment of FB's business plan and FB's ability to execute it and compare that to the market's.
    Jan 12, 2015. 03:27 AM | 2 Likes Like |Link to Comment
  • Video Is Bullish For Twitter And Facebook [View article]
    I think the ultimate aim of social media is to network all users in VR in real time. I don't know the time frame for this, but FB's purchase of Oculus cannot be seen in isolation from FB's primary mission.
    Jan 12, 2015. 02:46 AM | Likes Like |Link to Comment
  • Video Is Bullish For Twitter And Facebook [View article]
    You mean bait-n-switch from freeloading to paying. Yeah, that really sucks.
    Jan 11, 2015. 06:21 AM | 3 Likes Like |Link to Comment
  • Video Is Bullish For Twitter And Facebook [View article]
    "Whereas the value investor looks for dividend growth which FB does not offer."

    Not really, the complimentaries are growth (stock price) and income (dividends). Value means that the price does not reflect the forward value. I say forward value because of course the current pricing of FB is very expensive just looking at the current numbers. Investors aren't looking at FB today or this year but ten years from now. But they won't wait ten years from now. The more credible FB makes the ten-year projections, the more the share price rises. That's value.
    Jan 10, 2015. 10:54 PM | 3 Likes Like |Link to Comment
  • The Coming Euro Crash [View article]
    I know what the French think, and they make a distinction between Algerians and Maghreb Muslims, i.e. Muslims from Morocco and Tunesia. Maghreb Muslims are not like the Algerians, either culturally or ethnically.

    Of course tolerance is a facile virtue. Tolerance means you don't do anything. What could be more facile than that? I;m not saying it;s not a virtue, just that it's a facile virtue.

    As for the finer points of your Wikipedia archaeology, the point is that quite suddenly civilization sprang up in around 3000 BC. If I;m wrong about Ur, which I didn't mention, then score! for you.

    And I'm talking about the nation-state wars of Westerrn Europe, not the tribal wars of the Balkans. Sorry you subscribe to the "We're as bad as they are" sophistry. And no, morla sloth doesn;t mean assuming you;re not better than anybody else but merely the willingness to stand up for your values, if you believe in any, which, if you are a fashionable moral relativist, can't be assumed.

    You know, instead of arguing, why not just sit back and try to learn something?
    Jan 10, 2015. 10:39 PM | Likes Like |Link to Comment
  • The Coming Euro Crash [View article]
    Utter nonsense. Germany was not invaded and conquered. It was economically brutalized, if you call reparations for a war it started "brutalization". The Weimar Republic was the story of incompetence in governance and a great depression (and the untimely deaths of Rathenau and Stresemann).

    The people wanted action, and fascism offered it. Today, the people perceive Democrats, like Weimar, as weak and feckless, especially in the face of terrorism and immigration and catering to people they don't like. The extreme right which has captured the GOP, like National Socialism which captured the conservatives, claim they have the answer. They have succeeded, unlike the Nazis, in making repeated comebacks, even after repeated plundering of the nation whenever they've been in power, by evoking a primitive, atavistic reflex -- call it resentment, call it senility, call it greed, call it plain meanness -- and amnesia that causes people to vote against their own interests.
    Jan 10, 2015. 10:26 PM | Likes Like |Link to Comment
  • The Coming Euro Crash [View article]
    Sorry, wrong. Teddy Roosevelt was self-declared Republican to the bone. He constitutionally could not abide Democrats. But TR could not (nor would have Lincoln) abide the GOP of the robber barons, the oligarchs of the time -- the trusts and monopolies. The GOP convention of 1912 was taken over by those robber barons, who, instead of the incumbent TR, nominated their stooge Taft. TR then formed a third party called Progressive or Bull Moose. Republicans voted for TR, thus splitting the vote and electing the Democrat Woodrow Wilson.

    As for FDR becoming a Socialist, that's just a right-winger's epithet for anybody they don't agree with.
    Jan 10, 2015. 10:11 PM | 1 Like Like |Link to Comment
  • The Coming Euro Crash [View article]
    Exactly. When FDR lost his nerve in the face of hard-money interests, and tightened prematurely, then we got the mini-depression of 1936.
    Jan 10, 2015. 10:00 PM | 2 Likes Like |Link to Comment
  • The Coming Euro Crash [View article]
    When? Try Carter, who had the last balanced budget. Or Clinton, who left office with a surplus.

    Anyway, "Keynesians deficit spend"??? Afraid your right-wing-libertarian bias has clouded your judgment. Deficit spending isn't Keynesians, it's Congress! And Congress doesn't deficit spend because it's Keynesian but because it wants to bring home goodies to constituents, be it defense, public works aka pork, welfare -- corporate or individual. And when the treasury must print more money to cover the deficit, then the KEYNESIANS at the Fed tighten the money supply, i.e. save. Now, let's see, when there were anti-Keynesians at the Fed, say, Greenspan, who didn't tighten money and save, that's then disaster struck.

    I repeat, Keynes works, and even if right-wingers don't want to believe it, it does.
    Jan 10, 2015. 09:57 PM | 3 Likes Like |Link to Comment
  • The Coming Euro Crash [View article]
    Who the cares about your hypotheticals? In fact, empirically, Keynes works.
    Jan 9, 2015. 09:15 PM | 1 Like Like |Link to Comment
  • The Coming Euro Crash [View article]
    fsoriano, in America,, politicians and officials retire to the fat rewards of the private sector. In Europe, they retire to the fat rewards of Brussels.
    Jan 9, 2015. 03:55 PM | 1 Like Like |Link to Comment
  • The Coming Euro Crash [View article]
    Well, "mate," you're not garbled at all. You obviously can't fathom the meaning of analogy. And the "we're as bad as they are" platitudes are as infantile as they are tiresome.

    Actually, despite the propaganda of left-wing media, the Algerians who migrated to France have assimilated pretty well, much like the Turks in Germany. It is the migrants from the Maghreb who are problematic and who, by the way, are looked at with dismay and disgust by the Algerian French. Yes, one of the guards murdered by the ("Algerian origin") gunmen was Algerian. So what?

    As for "good old European bloodletting," the bloodletting of the six years of World War II ended, once and for all, the 1000 years of bloodletting amongst Europeans. What makes the Islamists succeed is that they know people like you -- hiding their moral sloth behind the facile virtue of tolerance -- are loathe at bloodletting while they are not. So while you sit there firing your feckless platitudes, the murders will continue murdering.

    And by the way, the coincidence of the admittance of unqualified "peripherals" to EU and the admittance of the Muslim hordes both come from the same arrogant, obtuse, corrupt mindset of the European political class.

    If "mate" means you're a Brit, then you might recall that the fateful watershed for UK was when Enoch Powell was drummed out of Ted Heath's Tories for daring to predict what has actually come about.
    Jan 9, 2015. 03:31 PM | 1 Like Like |Link to Comment
  • The Coming Euro Crash [View article]
    Rubbish. Mischief and chicanery in the private sector are responsible for our economic woes, and government has been there to clean up the mess. You right-wingers believe that the damage wrought to real human beings by the business cycle is at worst some kind of Darwinian inevitability.

    As that great Republican Theodore Roosevelt insisted, capitalism can only work if it's regulated. Of course, government, with its laws and regulations, stand between society's predators and their prey, so naturally the former view government, including Keynesian monetary policy, as the enemy.

    The Likes you and JasonC get reflect the collective disregard of history and, despite the pious platitudes, the argument for greed as a virtue.
    Jan 9, 2015. 02:52 PM | 1 Like Like |Link to Comment
  • The Coming Euro Crash [View article]
    The Eire canal...is that the one that connects Loch Derg to Loch Ree?
    Jan 9, 2015. 02:36 PM | Likes Like |Link to Comment
  • The Coming Euro Crash [View article]
    Now that's a novel idea. Not Greece but Germany should leave the Euro. Actually it makes sense, since Germany has been using the Euro as a cheap D-mark. Philosophical disagreement indeed!
    Jan 9, 2015. 02:24 PM | 2 Likes Like |Link to Comment
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