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Jeff Taylor  

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  • President Obama's Speech: What To Expect [View article]
    Thanks, Markos, for sharing your article with me. It was an interesting read.

    You mentioned the chatter about the creation fund or bank to help small businesses and other projects in order to aid loan liquidity, but given the state of the GSE's and their role in the genesis of the housing crisis, I don't see it as a politically viable solution. Personally, I would see an extension of programs such as HARP and HAMP, ones that help the at risk homeowners rather than creating new homeowners as the best solution. Until confidence improves, people will be very hesitant to buy homes and banks will be hesitant about making loans and this will only be accomplished by decreasing the foreclosure rate and number of underwater mortgages. I'll note that both of these programs have had limited success, but that doesn't mean that the principle of the idea is wrong.

    In Mr. Obama's speech, there was about 20 seconds on housing - and nothing proactive. What sort of idea would you have liked to see?
    Sep 10, 2011. 03:44 AM | Likes Like |Link to Comment
  • President Obama's Speech: What To Expect [View article]
    You may never be able to get a corporate finance guy to authorize such public works expenditures, but I don't think it is possible to question their value. Of course, some money is wasted on bridges to nowhere, but the vast majority of expenditures are necessary for the real growth. Not to even mention the benefits of good school facilities, internet/data connections, and hospitals.

    Your proposal of supporting new nuclear plants and electric vehicles may, at the end of the day, be more effective - that's a longer discussion. However, as we live in the practical world, we need to examine practical solutions. While I support nuclear energy and believe electric vehicles are becoming viable, a program of this magnitude would never be passable through Congress. We have limited programs for each and for now, with the current economic climate, they will remain limited.
    Sep 10, 2011. 03:14 AM | Likes Like |Link to Comment
  • President Obama's Speech: What To Expect [View article]
    "There is no ROI in a public works project. It is just a transfer of newly printed dollars to the pay check of a construction worker."

    Of course there is a ROI on public works projects. For example, road improvements lead to greater mobility and a more efficient economy. These better roads cause less wear and tear on cars, so more individual income can be saved/invested rather than spent spent repairing cars. But these are long term returns and unless results can be felt before the next election cycle, Congress doesn't care.

    The paycheck is important because it isn't just to a construction worker, but to a newly hired construction worker. By raising the demand for construction, public work projects automatically boost the construction industry resulting in more hiring.
    Sep 8, 2011. 11:56 AM | Likes Like |Link to Comment
  • Bank of America Sinks Below The Buffett Floor [View article]
    Very true, Zach - Buffett once said, "I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years."
    Sep 8, 2011. 04:14 AM | Likes Like |Link to Comment
  • Universal Travel Group: Things Are Not As Bad As They Seem [View article]
    www.bloomberg.com/news...

    The list, released by NYSE on daily basis per SEC regulations, tracks companies where more than 0.5% of a companies outstanding shares have failed to be delivered. Considering that UTA is not actively trading, of course shares have not been delivered. The inclusion on the list speaks towards the growing expectation that UTA will be trading soon - which have been backed by their IR firm - rather a fault with the stock.

    While it is true that being long introduces a certain bias in a forum such as this - hence the disclosure - I hope that I have provided enough evidence to raise my claims above mere 'wishful thinking'.
    Sep 7, 2011. 09:36 PM | Likes Like |Link to Comment
  • ICSC Retail Store Sales: -0.7% W/W, vs. +0.1% last week. +2.7% Y/Y, vs. +3% last week. 'The report attributed the latest weekly slowing to the lingering effects of Hurricane Irene which triggered heavy stockpiling in the prior week'.  [View news story]
    The hurricane certainly drove up sales in certain markets, but drove down sales in most other markets.
    Sep 7, 2011. 04:06 PM | Likes Like |Link to Comment
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