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Spencer Knight  

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  • GT Advanced asks for approval to pay millions in exec bonuses [View news story]
    The pay is not that much. Average about $250k for the Sr. Execs and $50k for the non-insiders. That is on par with an average Sr. level manager and employee at most companies. I do find it daft they would ask for the bonuses after all that transpired, but at the end of the day it is not that much money.
    Dec 31, 2014. 05:46 PM | 2 Likes Like |Link to Comment
  • Initial Jobless Claims [View news story]
    Any comparison to 2008's oil price decrease to 2014's is completely off base. Enjoy the good times! We have 2-2.5 years to go.
    Dec 31, 2014. 12:54 PM | 1 Like Like |Link to Comment
  • S&P Case-Shiller Home Price Index [View news story]
    Well, assuming the "old wealthy people" do not have any children to pass the homes to, when they die the home price will come down until somebody puts up a bid for the home. So that is actually good news. The better news is that before the old wealthy people die, they will retire. And that will open up higher paying jobs for the younger generations to step in to; which will allow them to purchase homes.
    Dec 30, 2014. 04:44 PM | Likes Like |Link to Comment
  • Goldman in fight over $835M loan to failed Portuguese bank [View news story]
    GS could just buy the bank, turn it around and try to sell it for more than the loan losses and price of the acquisition. Easy peasy.
    Dec 30, 2014. 04:37 PM | Likes Like |Link to Comment
  • Abe re-elected as Japan’s Prime Minister [View news story]
    Japan will struggle, but it has nothing to do with the man in charge. The country's average age is the biggest problem. There is no prospect for growth with an old population. You can put (name your favorite leader in the history of the world) in charge and the country's economy will still stagnate.
    Dec 24, 2014. 11:52 AM | 2 Likes Like |Link to Comment
  • "Patient" replaces "considerable time" in FOMC statement [View news story]
    After reading the short press release, it is clear rates are going up in the mid- second half of 2015, as expected. Patient simply means they will not raise rates today or tomorrow. This is key:

    "On balance, a range of labor market indicators suggests that underutilization of labor resources continues to diminish."

    As that cycle continues wage inflation will slowly rise and rates will be going higher.
    Dec 17, 2014. 05:31 PM | Likes Like |Link to Comment
  • Things could get interesting overnight [View news story]
    Fortunately oil costs under $10/barrel to make for these companies so they are still making tons of money. All the sheep who think it costs $60-$90 per barrel are in lala land.
    Dec 11, 2014. 05:22 PM | 2 Likes Like |Link to Comment
  • Pershing posts new Herbalife-bashing video [View news story]
    The video may be a blatant bashing of HLF, but anyone who claims and believes Herbalife products can cure autoimmune diseases and diabetes and all the other stuff that was said in the video is a colossal doof. I mean wow, people actually believe that Herbalife products can take the place of medicines?

    I am going to start selling my socks. They cure cancer. I had three different forms of cancer and after wearing my socks for one month, they were gone and never came back because I kept wearing them. Any of you HLF supporters looking to buy? It will cost you $50/month for the rest of your life. Send me a private message and we can complete the transaction.
    Dec 11, 2014. 02:59 PM | 6 Likes Like |Link to Comment
  • Fast pace of retail sales in November [View news story]
    That is an interesting story. I am sure there is some - albeit very little - truth behind it, but I was waiting for the part about how big bad Wall Street ruins people's lives. I would take that article with a grain of salt... But let's assume for a moment that the article is 100% truth. Securitized auto loans are completely different than home loans. The values are much more related to market value; as opposed to home prices in the buildup to 2008. This means that auto prices are not going to double in a couple of year's time like homes. This is why so many consumers defaulted on their homes. Many could afford the loan payments but they did not want to
    pay an $800k loan on a $350k home.
    Dec 11, 2014. 10:55 AM | Likes Like |Link to Comment
  • New strategy for McDonald's laid out at investor meeting [View news story]
    Who knew a 17+% net margin would make people think MCD is in trouble...
    Dec 10, 2014. 12:03 PM | 18 Likes Like |Link to Comment
  • Japan GDP worse than previously estimated [View news story]
    Japan's problems should not surprise anyone. An again population on an island is not designed to grow.
    Dec 8, 2014. 01:10 PM | 2 Likes Like |Link to Comment
  • Banks: "Your money's no good here" [View news story]
    And when interest rates rise back to normal levels in 3-5 years then the banks will be asking for their money back and the clients will say, "sorry I like my new banker better."
    Dec 8, 2014. 01:05 PM | 5 Likes Like |Link to Comment
  • Oil tumbles to five-year low [View news story]
    Oil will stabilize around $60 +/-5%...
    Dec 5, 2014. 12:56 PM | 1 Like Like |Link to Comment
  • 321K jobs added in November [View news story]
    Going from GDP of $18t to $40t in one year would yield a GDP growth rate of 122%. Take that China. On another note, no recession for 2-2.5 years.
    Dec 5, 2014. 12:53 PM | 1 Like Like |Link to Comment
  • Beige Book shows "widespread" job gains across districts [View news story]
    You must have missed the credit downgrade three years ago...

    They still report bank closures. 17 have closed in 2014 (compared to 24 in 2013, 51 in 2012, 92 in 2011, 157 in 2010, 140 in 2009, 25 in 2008, and 27 from 2000 through 2007). You don't see the reporting anymore because a rate of 1.5 banks per month doesn't give doom and gloomers the ammo they need to say the world is ending.

    I agree the debt is a terrible thing for the nation in the long run, but I do not agree with doom and gloomers who do not have their facts in line...
    Dec 3, 2014. 04:23 PM | 5 Likes Like |Link to Comment