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Spencer Knight  

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  • 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
  • TheStreet +7.6%; activist discloses stake, takes aim at Cramer [View news story]
    While I agree with Cannell's observation and thesis, I believe that saying the stock price was $70 in this context is a bit overstated. It was over $70 for a few minutes on its IPO day. It was never a $70 stock or even the $15 price it reached before the last recession...
    Dec 3, 2014. 02:46 PM | 3 Likes Like |Link to Comment
  • Saudi expects oil to stabilize near $60/bbl, crude oil loses early gains [View news story]
    I am glad to see that the oil bubble has popped... At least momentarily. First silver and gold three years ago and now oil.
    Dec 3, 2014. 12:12 PM | 2 Likes Like |Link to Comment
  • ADP Jobs Report [View news story]
    Exactly. More online shopping means more warehouse and delivery jobs. They pay is similar from warehouse employees to retail store employees as well.
    Dec 3, 2014. 10:26 AM | 1 Like Like |Link to Comment
  • Pimco has bled over $100B this year [View news story]
    The money will come back if PIMCO proves to be the best money managers over the next few years. Gross leaving simply gave investors a chance to reconsider a switch after holding the same fund for a very long time.
    Dec 1, 2014. 01:15 PM | Likes Like |Link to Comment
  • EPA proposes tighter ground-level ozone pollution controls [View news story]
    Great news for electric car manufacturers...
    Nov 26, 2014. 01:15 PM | Likes Like |Link to Comment
  • WSJ: GoPro plans to launch consumer drone line [View news story]
    That is an interesting idea. Not sure how much shareholder value a niche market like drones will provide, but if the market lauds the idea then it must be great! I think the money would be better spent on engineering and creating a specialized camera to sell to the drone manufacturers.
    Nov 26, 2014. 12:35 PM | Likes Like |Link to Comment
  • Gundlach: Boxed-in Fed has to hike rates in 2015 [View news story]
    Unfortunately for Japan, all they've done is lower rates the last 25-30 years and inflation has remained low in tune with the low rates. And all the while debt has shot to the moon. Increasing rates would hurt the economy in the short term, but the long term positives outweigh those short term shocks. Or Japan could just keep doing the same thing forever. After all, if it doesn't work for 25 years, maybe it will eventually.
    Nov 24, 2014. 08:34 PM | Likes Like |Link to Comment
  • Gundlach: Boxed-in Fed has to hike rates in 2015 [View news story]
    From a different viewpoint... The Fed should want rate hikes. Inflation will follow rate hikes and higher inflation decreases govt debt.
    Nov 24, 2014. 05:53 PM | Likes Like |Link to Comment
  • Twitter CEO's family trusts sell half their shares [View news story]
    ...A buyout to take it private. Twitter has zero real value for shareholders and should be off the exchange.
    Nov 21, 2014. 10:57 AM | 5 Likes Like |Link to Comment
  • China cuts interest rates as economy slows [View news story]
    We've been privileged to have such strong growth over the last few decades. Over the next 50 years we will average 1% global growth. As we move into that "norm" we should expect to see some consequences such as the situations in Japan and Europe.
    Nov 21, 2014. 10:55 AM | Likes Like |Link to Comment
  • Global drug tab will breach trillion dollar mark this year [View news story]
    It is good to see the numbers, but you don't need numbers to figure out that with an aging population healthcare and pharma stocks should be bought at every good entry point.
    Nov 20, 2014. 01:22 PM | 4 Likes Like |Link to Comment