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Ken Solonika

 
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  • Presidential candidate Perry's crack linking QE and treason may be little more than flowery language from the man who threatened Texas' secession awhile back, but Bruce Krasting believes the statement is likely to tie Bernanke's hands. "There will be no more from the Fed."  [View news story]
    Krasting: "There will be no more from the Fed."

    I suspect that Pray for Rain Perry won't be getting any support from Wall Street either, which means he won't be the nominee, thank God.

    Perry makes Bush the Lesser look like a genius.
    Aug 17, 2011. 11:44 AM | 6 Likes Like |Link to Comment
  • With the BoE considering a 2nd round of QE, Dhaval Joshi of BCA Research argues the policy of creating money to lift asset prices and bank earnings is a perverse attempt at trickle-down economics that only exacerbates income inequality - maybe not the cause, but surely a factor in the recent rioting.  [View news story]
    Straw man bullshit. You are free to wear dumbass hats and eat all the fried crap you want, Poor Texan.

    Your party lost in 2008. It is supposed to taste like a shit sandwich.
    Aug 14, 2011. 09:06 PM | 2 Likes Like |Link to Comment
  • With the BoE considering a 2nd round of QE, Dhaval Joshi of BCA Research argues the policy of creating money to lift asset prices and bank earnings is a perverse attempt at trickle-down economics that only exacerbates income inequality - maybe not the cause, but surely a factor in the recent rioting.  [View news story]
    "cause who knows better than the locals what they need"

    If that philosophy were followed then in Mississippi where I live my children and my neighbor's children would not be allowed to drink from the same water fountain or attend the same school.

    Locals often do not know their heads from their asses, and the General Welfare - the conditions upon which freedom can be exercised in a meaningful way - is the responsibility and province of the Federal government.
    Aug 14, 2011. 09:04 PM | 1 Like Like |Link to Comment
  • 2011 is shaping up to be the third biggest year for corporate buybacks since 1985, according to Birinyi Associates. With $324B in stock repurchases already through July, we're on track to rack up over $550B by the end of the year. Corporations remain flush with cash, and with the S&P 500 trading at just 12.8 times earnings, the pipeline appears likely to remain full for some time to come.  [View news story]
    Buybacks cover the options that are handed out...

    Dividends. Fifty years ago around 70% of firms paid dividends, I think, but now I would bet it is closer to 30%.
    Aug 12, 2011. 12:47 AM | 3 Likes Like |Link to Comment
  • The U.S. Postal Service fires a shot across Washington's bow by proposing to cut 120K jobs through union-prohibited layoffs, and to withdraw its employees from federal health and retirement plans. The proposal requires the approval of Congress, but, if passed, could have serious ramifications for government workers, as well as the national labor movement.  [View news story]
    Actually, I think email and the internet explain that much better.

    Thankfully the USPS isn't a business but instead has to deliver mail to everyone, not just the customers it chooses to service.
    Aug 11, 2011. 07:46 PM | 6 Likes Like |Link to Comment
  • Revett Minerals Seeks AMEX Listing: Multiple Catalysts Should Revalue Shares High [View article]
    Alright, I've been convinced or convinced myself: in at 4.15.

    Q2 net income reported as 23 cents.

    After the CC I will add or liquidate; we'll see.
    Aug 11, 2011. 04:08 PM | Likes Like |Link to Comment
  • The Great Transparency Wall of China Part I [View article]
    "...how destructive central planning and government regulation is to the overall quality of life. These are lessons that appear to be fully lost on many that reside in Washington."

    Double digit growth rates for China and a host of other Asian countries that have embraced State managed capitalism shows just how bankrupt laissez faire truly is, and the notion that government regulation of business somehow reduces rather than improves quality of life is so historically ignorant as to not even warrant reply.
    Jun 8, 2011. 11:57 PM | 1 Like Like |Link to Comment
  • 3 Big Sells and 3 Big Buys by George Soros [View article]
    On Faux: If 20 billion flies say shit tastes good, that doesn't make it so.
    May 24, 2011. 11:32 AM | 1 Like Like |Link to Comment
  • Has the U.S. passed its peak in productivity? Yes, the great innovations of the 20th century will give way to the "great stagnation." Or: No, the digital revolution will transform the economy again and again.  [View news story]
    I grew up around pig farmers. I'll take the educated liberal, "useless tendons" and all. Here's hoping Scalia passes after Obama and his useless tendons win again in 2012.
    May 19, 2011. 10:27 PM | 1 Like Like |Link to Comment
  • Jeremy Grantham Turns Bearish on Equities [View article]
    Cullen = cut and paste "articles"
    May 12, 2011. 09:56 AM | 1 Like Like |Link to Comment
  • The "biggest U.S. economic story of the year," according to Philip Greenspun: the U.S. government’s lawsuit against Boeing (BA), seeking to prevent the opening of its $2B factory in South Carolina. "The prospect that Boeing’s $2B investment might be effectively confiscated by the government will be one more reason to build the next factory in a foreign country."  [View news story]
    A link to a web blog? Really?
    Apr 27, 2011. 11:58 PM | 2 Likes Like |Link to Comment
  • In a 5-4 split, the Supreme Court backs AT&T's (T +0.9%) Mobility unit and its ability to block customers from pursuing a class-action suit, ruling that arbitration requirements in phone contracts trump California law. The ruling could affect tens of millions of arbitration deals in California alone.  [View news story]
    5-4 along ideological lines.

    “Arbitration is poorly suited to the higher stakes of class litigation,” Justice Antonin Scalia said for the court.

    Isn't is conservatives who are always railing about legislating from the bench?
    Apr 27, 2011. 11:41 AM | 2 Likes Like |Link to Comment
  • Why Google (GOOG) increasingly considers Facebook a mortal threat: "The company that controls the traffic gets the power and the money... Social networks drive an ever increasing share of traffic on the internet, and that traffic is power and money." The threat is to Google's standing as the central internet company "that everyone gravitates around."  [View news story]
    Yes, tin foil is in aisle 12.
    Apr 22, 2011. 11:48 PM | 1 Like Like |Link to Comment
  • It hardly matters what Geithner says when seven out of every 10 voters say they oppose raising the debt ceiling, Stan Collender writes. "This almost certainly means that most representatives and senators will need to vote against a debt ceiling bill at least once so that they have something on the record showing their constituents that they were with them."  [View news story]
    Your statement is false.

    Polling indicates that less than 50% want spending cuts for defense, social security, or Medicaid and Medicare. And over 50% support raising taxes on the wealthiest Americans.

    This isn't Faux News.
    Apr 21, 2011. 01:21 AM | 3 Likes Like |Link to Comment
  • It hardly matters what Geithner says when seven out of every 10 voters say they oppose raising the debt ceiling, Stan Collender writes. "This almost certainly means that most representatives and senators will need to vote against a debt ceiling bill at least once so that they have something on the record showing their constituents that they were with them."  [View news story]
    Ah yes, the Republican response to losing an election: groundless impeachment hearings.

    Guess what? You lost, and it is supposed to taste like a shit sandwich.
    Apr 21, 2011. 01:17 AM | 4 Likes Like |Link to Comment
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