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Mike Maher  

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  • Pres. Obama says he'll ask Harry Reid to put a "basic package" on the floor for an "up-or-down vote," should Congress fail to reach a deal. Congressional leaders suggest an afternoon meeting with Obama went well, but Wall Street isn't convinced the fiscal cliff will be avoided. Equity futures have added to their losses following the close. [View news story]
    You're right, let the Dems control all 3 branches of Government and the country will be saved! Thats why they fixed everything in the first two years of the Obama presidency! Or did they just pass the largest tax increase on the middle class ever, and call it universal healthcare?
    Dec 29, 2012. 05:12 AM | 4 Likes Like |Link to Comment
  • Pres. Obama says he'll ask Harry Reid to put a "basic package" on the floor for an "up-or-down vote," should Congress fail to reach a deal. Congressional leaders suggest an afternoon meeting with Obama went well, but Wall Street isn't convinced the fiscal cliff will be avoided. Equity futures have added to their losses following the close. [View news story]
    "I will all for giving Social Security only to those that need it." Two people liked that statement, even though its not even close to English. That pretty much sums up why we're doomed.
    Dec 29, 2012. 05:08 AM | 2 Likes Like |Link to Comment
  • Pres. Obama reportedly won't be making a new budget offer to Republicans today, and will instead reiterate last week's proposal. Stocks have tanked on the news. S&P -1%. Dow -1.1%. NASDAQ -0.7%[View news story]
    You sound like a typical politician. Cut defense spending in half, come up with another 200 billion in "savings" from not spending as the economy gets better, $100 billion in taxes on the rich, even though every proposal only raises taxes on them by $50 bil, and another $150 bil out gimmicks. Way to provide a plan that would never be agreed upon by the President, let alone the House.
    Dec 29, 2012. 04:53 AM | Likes Like |Link to Comment
  • Pres. Obama reportedly won't be making a new budget offer to Republicans today, and will instead reiterate last week's proposal. Stocks have tanked on the news. S&P -1%. Dow -1.1%. NASDAQ -0.7%[View news story]
    Ok Macro, please explain how the government will raise taxes the $1+ trillion per year to close the deficit, citing which taxes will be raised, and how much each increase will raise. Everything I've read, including what Obama has said, have said we need to raise taxes and cut spending. Since you apparently have another means to close the deficit with only tax increases, I'd love to hear it. As a starting point, I'll even throw out this figures, saying that letting the tax cuts expire on the $250k+ crowd will raise revenue by roughly $50 billion a year.

    http://bit.ly/Vmw7rQ
    Dec 28, 2012. 05:06 PM | Likes Like |Link to Comment
  • Pres. Obama reportedly won't be making a new budget offer to Republicans today, and will instead reiterate last week's proposal. Stocks have tanked on the news. S&P -1%. Dow -1.1%. NASDAQ -0.7%[View news story]
    When will politicians learn that they are elected to lead, not to campaign until the next election?
    Dec 28, 2012. 03:59 PM | 3 Likes Like |Link to Comment
  • American Capital (ACAS) announces it purchased 8.8M shares - about 2.8% of the float - during Q4 at an average price of $11.72. Since 2011 Q3, the company has bought back 15.2% of the float at an average price of $9.46. The company says buybacks (not including this Q's purchases) were accretive to the tune of $0.90/share of NAV, which stood at $17.39 on Sept. 30 (45% above the current $12 share price). (PR[View news story]
    Can't change the past, can only look towards the future.
    Dec 28, 2012. 11:39 AM | Likes Like |Link to Comment
  • Catalysts Coming For Magnum Hunter Resources [View article]
    I'm thinking that the wells announced today strengthen the point from which MHR can negotiate a sale price from. Expect more wells like that in 2013.
    Dec 28, 2012. 11:13 AM | Likes Like |Link to Comment
  • American Capital (ACAS) announces it purchased 8.8M shares - about 2.8% of the float - during Q4 at an average price of $11.72. Since 2011 Q3, the company has bought back 15.2% of the float at an average price of $9.46. The company says buybacks (not including this Q's purchases) were accretive to the tune of $0.90/share of NAV, which stood at $17.39 on Sept. 30 (45% above the current $12 share price). (PR[View news story]
    This one is a winner until that gap between share price and NAV closes.
    Dec 28, 2012. 10:58 AM | Likes Like |Link to Comment
  • Magnum Hunter Resources (MHR) +2.4% premarket after announcing "significant" production results from two new company-operated Eagle Ford Shale wells. Rhino Hunter #1 is producing ~2,033 bbl/day of oil and 1,113 mcf of natural gas, and Zebra Hunter #1 is producing ~1,995 bbl/day of oil and 898 mcf of natural gas. [View news story]
    I wonder if the comments about not selling the EF are just part of the negotiations...
    Dec 28, 2012. 10:46 AM | Likes Like |Link to Comment
  • “All eyes are on the Senate in the next 48 hours,” says Guggenheim’s senior policy analyst Chris Krueger. President Obama and Senate Majority Leader Harry Reid are putting together a scaled-down deal to blunt the fiscal drag scheduled after December 31, and it's going to take 60 votes - including at least seven Republicans - to clear a filibuster. Republican House Speaker Boehner says the House will consider whatever legislation the Senate passes. [View news story]
    Democrats had agreed to raise taxes on individuals making $400,000+, up from the $250k they had been at. Either way its well short of $1 million.
    Dec 26, 2012. 07:49 PM | 5 Likes Like |Link to Comment
  • The Obama administration issues the framework of a long-term study on whether fracking for natural gas pollutes drinking water, but will not make conclusions until 2014 about the controversial technique. Power utilities, chemical companies and other big consumers of natural gas fear the study could lead to more regulations and raise their costs[View news story]
    I dont know of any proven studies showing fracking related poisoning, could you point me to some? I do know of claims that the EPA dropped, as discussed in this article:
    http://on.wsj.com/TL9Sdj

    Also links to those studies showing how dangerous fracking is would be informative as well. If you can show me the information, or if anyone can for that matter, I'll look at it. But I've yet to see anything concrete. I'd be more concerned about wastewater injection wells than fracking, to be honest.
    Dec 22, 2012. 02:52 PM | 4 Likes Like |Link to Comment
  • The Obama administration issues the framework of a long-term study on whether fracking for natural gas pollutes drinking water, but will not make conclusions until 2014 about the controversial technique. Power utilities, chemical companies and other big consumers of natural gas fear the study could lead to more regulations and raise their costs[View news story]
    Didn't the EPA drop charges of ground water pollution in Texas and Montana? Low natural gas prices are the best thing that's happened to manufacturing in the US in decades, the newly found abundance of the gas should be exploited, not demonized. Safe extraction should be a priority, but lets not go looking for problems that don't exist.
    Dec 22, 2012. 11:44 AM | 4 Likes Like |Link to Comment
  • Plan C. Acknowledging there is no time to craft a "grand bargain" before year end, the President urges Congress to pass a stopgap measure, saying he'll immediately sign a bill allowing unemployment benefits to continue and preventing tax hikes on those with income under $250K/year. [View news story]
    How many Americans were dying in the streets before the health care law? Your comment missed my real point, which was that the failure of Boehner to get his plan B passed doesnt really matter, since the plan B bill had no shot at becoming law. Both sides are grandstanding, and it is the public that will suffer.
    Dec 22, 2012. 11:40 AM | Likes Like |Link to Comment
  • Plan C. Acknowledging there is no time to craft a "grand bargain" before year end, the President urges Congress to pass a stopgap measure, saying he'll immediately sign a bill allowing unemployment benefits to continue and preventing tax hikes on those with income under $250K/year. [View news story]
    The so called Plan B bill wasn't going to make it through the Senate, and would have been vetoed by the President. Harry Reid and President Obama stated both those facts publicly. The failure of the bill to pass the House is an indication Boehner will likely be forced out as Speaker, but its not an indication that republicans are raising everyones taxes. Why would House republicans go on record voting for a bill that had 0% of a chance of becoming law?

    If you remember, the Supreme Court decision allowing Obamacare to stand, said it was legal as a tax. That is the true tax increase. This Plan B failure is political theater.
    Dec 22, 2012. 09:36 AM | Likes Like |Link to Comment
  • Nov. Personal Income and Outlays: Income +0.6% m/m vs. +0.3% expected, +0.0% prior. Personal spending +0.4% m/m in-line with expectations, -0.2% prior. PCE core price index flat% +0.1% expected, +0.1% prior. [View news story]
    Those income numbers look good, I'm surprised the futures didn't respond.
    Dec 21, 2012. 08:49 AM | Likes Like |Link to Comment
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