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  • QuickChat #241, August 23, 2012 250 comments
    Aug 23, 2012 11:07 AM

    Stocks I am working today:

    (NYSEMKT:SAND) Sandstorm just executed a stock sale to raise funds to replenish their dry powder last night. I am adding on the reaction dip...

    (OTCQB:AXPW) Axion appears to be breaking out of a long-standing stasis around $.30, and I now view the old resistance level as support.

    (OTCQX:LYSDY) Lynas may have bottomed, it firmed up last night downunder, and is trading sideways today.

    (NYSE:MCP) MolyCorp has released their 8k details for their complex new round of funding. I believe the mass market has yet to fully digest these developments...

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  • LT
    , contributor
    Comments (4600) | Send Message
     
    Citi survey shows amazing changes in sentiment and customer finances. I found this on Schwab under C news. It's too long to copy and paste all of it.
    Really should read it.

     

    Findings Show Significant Increases in Consumer Sentiment from One Year Ago with Greatest Recent Change among Youngest and Lowest-Income Groups
    Three in Four Americans Report Having Better Control of Finances as Sacrifices Wane - Fewer Report Reducing Credit Card Spending and Eating Out Less Often
    Mobile and Online Banking Interest is High, Even Among Older Consumers
    23 Aug 2012, 12:29 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    Shocking news, I had not heard this on the TV or seen it anywhere recently. Maybe missed it or Iran is lying.

     

    http://bit.ly/Rhwh1K
    23 Aug 2012, 06:37 PM Reply Like
  • DRich
    , contributor
    Comments (4429) | Send Message
     
    >doubleguns ... This reads like the pre-Iraq NeoCon propaganda (which could have been demonstrably proven wrong before the war and proven absolutely wrong during & after). There are a number of people that want a war with Iran and that is the last thing I think we need to be doing right now because I don't think these same people would be willing to pay for it ... just put it on the credit card & go.
    23 Aug 2012, 07:02 PM Reply Like
  • D-inv
    , contributor
    Comments (3931) | Send Message
     
    " There are a number of people that want a war with Iran and that is the last thing I think we need to be doing right now ...."

     

    I agree, DR, that a number of people want war with Iran, but we appear to differ on where the primary thrust is coming from. Rather than "Neo-Con" proponents in our society, I believe Iranian hierarchy in control presently badly want (and likely need) war to maintain support from the population. Defense against a foreign aggressor can be a powerful synthesizer of domestic support.

     

    Recent sanctions implemented by the U.S. and EUR against the Iranian regime are biting harder and harder. An Israeli first strike now would IMO be a really, really dumb move.

     

    Could be oil prices are suggesting disruption of Persian Gulf oil is increasingly likely.
    23 Aug 2012, 07:17 PM Reply Like
  • DRich
    , contributor
    Comments (4429) | Send Message
     
    >D-inv ... I'm only concerned with the drums of war within our country and those beaten by "Neo-Con" proponents. If it weren't for China not supporting our political stance (or willingly finance or re-supply a war) I'd think this whole thing might be serious. Today, it is political theater. Iran has their own internal ego & reasons to speak loudly and Lord knows they have good reason to not like the USA. The Israel religion thing is way beyond my ability to make sense of, so I recognized it but don't for a minute think it is a legitimate reason for the USA to get involved.
    23 Aug 2012, 07:28 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    I think Iran does want war. Or at least a nasty conflict. For more than one reason. It could make a political change the is not possible with out it. They could test weapons on Israel. As you said, it might even save the regime.

     

    It's a tough call, but anything is possible. The sanctions are hurting too....they want out from under them...maybe at any cost.
    23 Aug 2012, 07:50 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    Drich this is coming from Iran not anyone on our side. Welllll.... as far as I know. Ya really never know what propaganda wagon might be putting this crap out but it suposedly came from the republican guard IIRC.

     

    One point does anyone think Isreal will allow those weapons to be used on them without a nuclear retaliation on Iran? That would be my bet so I doubt we will be needed if WMD's start raining down on Isreal.
    23 Aug 2012, 07:51 PM Reply Like
  • DRich
    , contributor
    Comments (4429) | Send Message
     
    >LT ... This is America and you can think whatever. I don't think Iran wants war but wants to sound that way for internal & regional consumption. I believe in our way of life so I believe Iran has the freedom to say whatever they want. Under our way of laws, a pre-emptive war is not the American way (IOKIYAR as the only exception).

     

    Really, who are we to actually stop them from developing nuclear weapons if they want them. We do have the moral imperative to try to talk them out of it. Let them find out how incredibly expensive these useless suicidal weapons are. Their own people will put an end to this in time. Now if they were to move them to offensive positions or use them ... we have a new ball game, but presently they don't exist.

     

    Israel can & will do what they feel the need to do. We don't need to jump in ahead and use our military to do it for them. I'm quite willing to use diplomacy & the trenchcoat/green face crowd to carry out American interests.
    23 Aug 2012, 08:17 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    What's a "Neo-Con."?
    27 Aug 2012, 02:40 PM Reply Like
  • tripleblack
    , contributor
    Comments (13440) | Send Message
     
    Literally, a "New Conservative".

     

    The Bush administration (W) featured many very aggressive political operatives (including the President) who had once been Democrats. Calling this group "neocon" made a certain sense from that standpoint.

     

    There are also "neolibs", literally, those who were once something else (the most frequently cited reference would be "socialists" or simply "progressives") who have few traits in common with classical liberals, but have seized control of the reins of power.

     

    Of course, the constant contorting of terms means that the language is getting simultaneously more coarse and less functional.
    27 Aug 2012, 02:49 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    Or maybe they never actually said it at all? I find that story all too convenient for the plans of the neocons. I have no doubt some horrible event is going to happen, probably on US soil and just like 9/11 it will be blamed on some fringe group of terrorists. I won't believe that for a second when (if) it happens.

     

    Most people aren't aware that this animosity between Persia and Israel is an aberration. I admit that I didn't realize that either until very recently. The following story even goes so far as to point out that it is inevitable that they will become allies once again. Wow, who'd have thunk that was even possible? Unfortunately there's no date on this article that I can see and of course the date is all-important. So if it's from 2001 then maybe the ideas it contains are a bit stale :-) Nevertheless, it's a fascinating yet confusing prospect.
    http://nyti.ms/OV5oyy

     

    "Before Iran's 1979 Islamic Revolution, ancient cultural bonds and common strategic interests between Persians and Jews made Iran and Israel close allies. Even today, enduring strategic interests suggest that a revived Persian-Jewish partnership, while by no means imminent, is inevitable."
    4 Sep 2012, 12:41 PM Reply Like
  • tripleblack
    , contributor
    Comments (13440) | Send Message
     
    AR, the last time Israel was regularly doing business with Iran, Reagan was in the White House, and they were acting as a go between for Oliver North seeking financing for the Contras. Hence the "Iran/Contra" affair.

     

    Culture had nothing to do with the realpolitik then, or when the Shah was in power, or now.

     

    When national leaders repeatedly threaten to wipe Israel from the map, and aggressively pursue advanced weapon development, its not illocial or imprudent to keep an eye on the situation. I would have to point out that it probably IS overly optimistic to expect to see a rebirth of pro-Western sectarian culture in Iran after all these long decades. The recent surge of street protests and toppling of totalitarian regimes which occurred recently during the "Arab Spring", and which are linked to the current turmoil in Syria, have nothing to do with a populist movement toward Western sectariansim, but on the contrary have invariably changed those countries into adherents to the harshest form of Islaamic Fundamentalism (one arm of which is represented by the current leadership in Iran).

     

    Looking forward, Iran is likely to become more isolated and lose its client states of Syria and Lebanon, and that could weaken the hold of the mullahs, but it is equally possible that they will crack down even harder to maintain their theocracy.
    4 Sep 2012, 01:58 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    Great comment trip... much appreciated. I'll take it all into consideration and get back to you once I've rendered my decision, lol.
    10 Sep 2012, 10:45 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    "There is a growing recognition within the Republican party and in America more generally that we’re not going to be able to print our way to prosperity,"

     

    I think in Ameri-cans most specifically.

     

    The party is simply responding to our disatisfaction. Unfortunately I think its lip service and will believe it when I see it.

     

    Return to the gold standard talk starting!! Really?!!

     

    http://bit.ly/O6MMed
    23 Aug 2012, 06:52 PM Reply Like
  • DRich
    , contributor
    Comments (4429) | Send Message
     
    >doubleguns ... Wouldn't it be better to try capitalism first. Mark the healed balance sheets of the banks to market and let the ones that deserve it ... fail. I know it would cause a deflationary spiral down but there has been no deflationary failure allowed so far. I was always under the impression ups & downs, success & failure were the natural cycle of the system. I haven't seen this method get a fair trial since the early 1990's.
    23 Aug 2012, 07:11 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    Letting them fail gets my vote. Bailing out the banks has cost this nation dearly and in fact continues every day they keep rates bpegged so low. The savers are paying for this bank bailout.
    23 Aug 2012, 07:47 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    ZLCS is moving higher-- chart looks very bullish imo.
    23 Aug 2012, 10:06 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    Merkel is back, going to pressure Greece again. Finland rumors say they want a break up of the EZ.
    No one wants to be long over the weekend.
    24 Aug 2012, 05:58 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    I have never been a believer of the "Contrail" conspiracy but I watched this video about it and at the 18:56 point I saw a pattern of contrails that blew my mind and now I am a bit more open to the possibility that something intentional is taking place.

     

    Now why would I put this up here. There is A LOT of money in determining the weather. Something to be aware of folks. Talk about manipulating the markets. IF THERE IS TRUTH TO THIS.

     

    Not sold yet but certainly open minded now.

     

    http://bit.ly/Q8s7tU
    24 Aug 2012, 07:37 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    Since the treasury is running out of money and will have to raise the debt ceiling soon my guess is that they will have to print that next traunch of money for bond buying. Think about it this way WHO has the money and is willing to buy the bonds....tick tock, tick tock....I cant think of anyone either.

     

    PM's to go up.
    24 Aug 2012, 08:38 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    NOK
    http://seekingalpha.co...
    24 Aug 2012, 09:26 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    Merkel says she is in Greece's camp now....the bad numbers in Germany is causing a bit of softening....the even rebutted the earlier statement by a German pol saying to kick Greece out.
    http://bloom.bg/Q91Z1R

     

    You should also see the chart on Bloomberg.com that shows "no fat left to cut at corps."
    24 Aug 2012, 09:50 AM Reply Like
  • jhooper
    , contributor
    Comments (5328) | Send Message
     
    She seems to be just changing her rhetoric to something more marketable. She has been saying things basically along the lines that if Greece can implement enough reforms (ie make its compensation for its state run industries more competitive), then she is willing to extend enough credit to keep them going until the benefit of the reforms begin to manifest themselves (like Ireland).

     

    What you have here is a creditor/borrower relationship. The creditor (Germany) is trying to get the borrower (Greece) back on track to be able to make good on the loan relationship. The creditor is already in deep to the borrower, and they would much prefer the creditor get there act together rather than have the creditor default on the whole thing.
    24 Aug 2012, 09:59 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2388) | Send Message
     
    Re: chart

     

    they mentioned that chart on Tom Keene's Surveillance morning show (which I like a lot) this morning. His take was that just means any new production will most likely be offshore somewhere.

     

    Here's the (1 minute) clip:
    http://bloom.bg/Nq7T9b
    24 Aug 2012, 10:18 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    MSFT big winner in AAPL win in patent dispute with Samsung:
    http://bloom.bg/MS2tYX

     

    disclosure: long MSFT
    25 Aug 2012, 05:21 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    Rogue Banks: A very good read.
    http://seekingalpha.co...
    25 Aug 2012, 12:02 PM Reply Like
  • Renzo
    , contributor
    Comments (351) | Send Message
     
    APDN (Applied DNA Sciences) makes markers based on cleaved and re-arranged sequences of botanical DNA that as far as I understand are completely un-copyable. The technology is good enough that the DOD has mandated chip makers use APDN”s technology (http://bit.ly/NRvbX3-).

     

    The stock is up about 100% over the last few days and has stabilized at about 13.5 cents. Given the DOD endorsement it’s not hard to imagine even more lucrative endeavors beyond computer chips. They already work with Gibson Guitars marking instruments and strings and also have DNA-tracer cash dyes among other products.

     

    My instincts tell me this is likely to run much further given the relatively small dollar volume in trading and analyst expectations for revenue to hit $2M this year (http://bit.ly/RkHZsu).

     

    Would anybody buy more now?

     

    More info at: http://www.adnas.com
    25 Aug 2012, 12:57 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5803) | Send Message
     
    I would wait until after the up coming dilution to buy.
    25 Aug 2012, 03:20 PM Reply Like
  • Renzo
    , contributor
    Comments (351) | Send Message
     
    Thanks FPA, you're quite right.
    25 Aug 2012, 08:36 PM Reply Like
  • D-inv
    , contributor
    Comments (3931) | Send Message
     
    Tax on the internet anyone?

     

    http://bit.ly/U3L67R
    26 Aug 2012, 11:55 AM Reply Like
  • jhooper
    , contributor
    Comments (5328) | Send Message
     
    This is part of the archaic understanding of our monetary system that was formed under the gold standard that our gov must be "funded" with expropriation taxes. The idea that you need all these special purpose taxes when you have a monopolized money medium like Fed Res notes is just wasteful and more evidence of gov's inability to engage in capital creation with coercive tactics in a better fashion than private action that is based on voluntary cooperation.
    27 Aug 2012, 09:14 AM Reply Like
  • DRich
    , contributor
    Comments (4429) | Send Message
     
    >D-inv ... Yeah. Why not? It is a reasonable purpose.
    26 Aug 2012, 12:02 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4769) | Send Message
     
    My concern is that once the stated goal is achieved, like almost every other tax on the books, the tax will remain and the money used for general obligation spending. As a matter of fact, I doubt that the fund will all go the the stated purpose for as long as the need exists. I would expect money to start getting siphoned off as soon as the higher amounts began to roll in. And when everyone has broadband access, Congress will, at some point, find justification to raise the tax incrementally over the years even when there remains no specific purpose.

     

    Noble in the hands of the trustworthy, not in the hands of Congress.
    26 Aug 2012, 12:33 PM Reply Like
  • tripleblack
    , contributor
    Comments (13440) | Send Message
     
    I drive on a local toll road which was built with the promise that, when sufficient tolls had been collected to offset the cost, the tolls wold be removed.

     

    Both major parties were signatory to the promise, and both have had multiple chances while they ruled to make good...

     

    ROTFL, and a few poor souls were actually surprised to learn that they had both lied to us from the beginning.

     

    There is an old saying about "Nothing is certain but death and taxes". I see a deeper association there, ie, "Nothing is certain but that taxes never die".
    27 Aug 2012, 08:25 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    LOL.. we finally got rid of all the toll roads in KY. Bet the present gov wishes we hadn't as he has cut the budget more than any republican.

     

    KY is a weird state. It always goes republican now in any Washington position...but ALWAYS elects a dem gov. We used to be solid dem when I was growing up. Any other party just basically lost their vote.
    27 Aug 2012, 08:51 AM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    Triple

     

    Funny, we were told the same lie in NY when the NYS Thruway was being built. Now we sit with a potential toll raise on the Tappan Zee Bridge to build a new one fron $5 bucks to $14 bucks to pay for it.

     

    map
    4 Sep 2012, 12:44 AM Reply Like
  • D-inv
    , contributor
    Comments (3931) | Send Message
     
    "Why not? It is a reasonable purpose."

     

    :-) That response reminds of yesteryear and memories of hearing as a child, "The road to hell is paved with good intentions." Nowadays I more likely to hear, "Let no good deed go unpunished."

     

    From the article, "Numerous companies, including AT&T, Sprint and even Google have expressed support for the idea."

     

    The likes of T, S, and GOOG like the idea because it expands their potential revenue base with someone else (me, you and everyone now linked to the internet) paying for the infrastructure cost.

     

    I have no objection to the idea of roadband access for everyone, but do believe how it is accomplished matters. State and local government solutions to delivery of internet access would be preferable.
    26 Aug 2012, 12:45 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    The purpose is noble, but we all know that we won't see every dollar go to that starting day one. That's one thing I say let the states and local do it, maybe add a fed mandate to make them, because I guarantee KY would blow it somewhere else. Of course they would put up a front showing some mountain with access that didn't have it before.
    26 Aug 2012, 01:15 PM Reply Like
  • JeffLeach1986
    , contributor
    Comments (229) | Send Message
     
    I am sure that the federal government will run this program as efficiently and carefully as they have other similar programs:

     

    http://buswk.co/RmBpld
    26 Aug 2012, 01:33 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    Anyone notice how when gas stockpiles rise and the price falls that we have another "refinery fire"?

     

    Chevron,, Venezuela, and one other just in the past few months.
    27 Aug 2012, 04:54 AM Reply Like
  • Joseph L. Shaefer
    , contributor
    Comments (1501) | Send Message
     
    Your comment needs amplification, LT. Otherwise one is left with the impression that you believe those refinery workers or their evil bosses (or some nefarious third party?) are purposely endangering their own lives in order to keep gasoline prices up. Given the margins in this business, which I'm certain you've studied, that's not realistic and I'm certain that wasn't the impression you meant to leave.

     

    So what are you saying?
    27 Aug 2012, 02:52 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    I am saying that I find it odd that we have 3 fires when gas is falling. I am not accusing anyone of anything.
    27 Aug 2012, 06:24 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    Big money making big positive bets on mkt. going higher:
    http://bit.ly/SE0msi
    27 Aug 2012, 04:55 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    Nokia up 10% on AAPL court win, another analyst calls for NOK to double from here ($3 up to $6)
    I am not hyping NOK although I am long in it, but wonder at the ramifications of the Apple win over Samsung in all smart phone areas and component makers.

     

    http://on.mktw.net/U5jlvK
    27 Aug 2012, 05:14 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    9:10 AM A couple more patent names moving thanks to Apple-Samsung: IDCC +5.3%. VHC +1.8%. Also, iPhone/iPad audio codec supplier Cirrus Logic (CRUS) is up 2.4%. Google's (GOOG) official response to the verdict is cautious: the company merely asserts "most of Apple's patent claims don't relate to the core Android operating system, and several are being re-examined" by the USPTO; and that everyone in the industry is "building upon ideas that have been around for decades." Comment! [Tech, On the Move]
    27 Aug 2012, 09:11 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    First corps added 401-K's to retirement where they matched your contribution, then took away your defined benefit program for retirement, ...then they quit matching your 401-K contributions,

     

    Now they are stripping you of "stock from previous employers". Banks first, then all corps.

     

    7:30 AM Becoming a banker continues to be less and less of a one-way ticket to a beachfront mansion as Deutsche Bank (DB) becomes the first to widen clawbacks, introducing rules allowing it to strip employees of stock earned at previous employers. For now, expect Deutsche to have trouble filling positions, but it likely won't be long until other lenders copy the policy. [Financials] Comment!
    27 Aug 2012, 07:54 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    MJ likes Statoil :
    8:50 AM The giant Johan Sverdrup oil field in the North Sea may be connected to another recent discovery, potentially reducing exploration and production costs for its owners, led by Norway's Statoil (STO). Johan Sverdrup is "the most positive thing that has happened on the Norwegian continental shelf in almost a decade, and this adds even more to it," an analyst says. STO +1.2% premarket. Comment! [Energy]
    27 Aug 2012, 08:52 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    Lots of earthquake activity off the coast of El Salvador. 11 quakes in the 4-5 range. Wonder if they felt them at Copan? Enlarge the map to view them.

     

    http://bit.ly/niMuLt
    27 Aug 2012, 09:52 AM Reply Like
  • D-inv
    , contributor
    Comments (3931) | Send Message
     
    "http://bit.ly/niMuLt"

     

    Thanks for the info and reference URL. Nice map!

     

    There have been a BUNCH of 4+ magnitude quakes off El Salvador in the last 24 hours, a slew of 1.5 - 2.6 quakes in Southern Cal., several 1.1 - 3.0 magnitude quakes in Alaska, and just minutes ago a 1.6 magnitude quake in vicinity of St. Helens.

     

    Eastern rim of "ring of fire" a bit active.
    27 Aug 2012, 10:34 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    What happens if Jackson Hole disappoints ? and to follow up, let's say we get QE-3 and it either just meets or disappoints?

     

    Is this stuff a buy the rumor..sell the fact ?
    27 Aug 2012, 10:09 AM Reply Like
  • jhooper
    , contributor
    Comments (5328) | Send Message
     
    For the nonretail players, I'm not so sure disappoint is the right word. The feeling I get is that they are not expecting BB to do QE3. The expectation, since OT has been extended to December, the most likely outcome is, if any at all, is extending the low rate environment target till late 2015.

     

    The more important CB to watch right now is the ECB. One big item is the German court decision in Sept.
    27 Aug 2012, 10:16 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    i agree with the ECB and especially German vote in Sept.
    27 Aug 2012, 10:34 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    China stimulating. 800 B in Euros. Holly crap.

     

    http://bit.ly/RmF9mE
    27 Aug 2012, 10:34 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    equivalent of 1.26 trillion U.S. $ in stimulus

     

    that article was British pounds, not Euros

     

    Chinalisis, the pill you take for your markets to always be ready to rally

     

    (scene of Uncle Sam and a Chinese lady holding hands while sitting in separate bath tubs, no extra charge)
    27 Aug 2012, 10:41 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    For some reason I missed that unless it is two weeks old or maybe a rumor ?

     

    When the time is right, China will stimulate. They don't have the obstacles we do.
    27 Aug 2012, 10:56 AM Reply Like
  • tripleblack
    , contributor
    Comments (13440) | Send Message
     
    Its no rumor, LT.

     

    Everyone note this quote:

     

    "Analysts said the government could now steer the value of the yuan lower, after a gain of 4.7pc last year against the dollar. Further export tax rebates could also be used to bail out manufacturers."

     

    Setting up yuan-denominated accounts to capitalize on the anticipated explosive growth in the value of the yuan was much discussed here and in the media of the past year...

     

    I have stated this opinion before, but I will repeat it here: China will NOT accept its exports being reduced by weaker yen, euros or dollars (or pounds).

     

    This move will confirm to the domestic Chinese markets that the government will support a minimum growth level, and implies that the minimum is not what you'd call "minimal".

     

    While the financial analists and xperts have been earnestly speculating as to an American QE3 and the shape of whatever easing the Europeans might perform, China provides the answer once again from well off camera.

     

    During the financial meltdown in 2008-2009, China stimulated its economy with gigantic quantities of debt-driven building (their stimulus was many times larger than that performed by the United States, when compared to their smaller GDP).

     

    While the euro-focused have wondered how long and how far the Germans would allow the football to be dribbled down the road in a delaying tactic, the Chinese just smiled and launched the ball into orbit!
    27 Aug 2012, 11:13 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    Jon, pounds not euros. That makes it ALOT bigger. Thanks for catching that.
    27 Aug 2012, 11:20 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    LT its from today and its not a rumor. With many of us looking around we all contribute the things we find that are important and filter out the garbage. Makes for a great QC. JMHO

     

    Of course my conspiracy items might be garbage to some. Sorry to those that are not interested.
    27 Aug 2012, 11:26 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    Sorry, I didn't mean to challenge the validity...but when I first read it I thought it said Aug.12, it says Aug.26.

     

    TB, please explain the last paragraph that you wrote....and how you think this effects Germany.

     

    thanks guys, I didn't mean my post to sound as it did.
    27 Aug 2012, 11:56 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    LT I did not think you were challenging the validity, I thought you were simply in disbelief. LOL
    27 Aug 2012, 12:14 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    I rarely miss something that big, and I don't see it anywhere on the 3 major news sites I follow so closely. That is where my disbelief really lies. I can't believe that is not the biggest headlines of the day.

     

    It had to either catch the mkt. unaware and they needed to get long today ... somethings fishy. I just can't tell what yet. It is huge news.
    27 Aug 2012, 12:25 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    I can tell you what the problem is. 3 major news sites. All the major news sites are opinion sites. It did not fit into their opinion of what is happening today.
    27 Aug 2012, 12:29 PM Reply Like
  • DRich
    , contributor
    Comments (4429) | Send Message
     
    >LT ... I haven't seen the 2.7% YoY drop in Chinese manufacturing played up on the news sites like I would have thought. The dancing sugarplums of QE seem to be more important than economic activity.
    27 Aug 2012, 12:48 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    Those dancing sugarplums of QE (LMAOROTF)will fix the 2.7% drop and it will disappear. So there really is no need to mention that.
    27 Aug 2012, 12:52 PM Reply Like
  • SMaturin
    , contributor
    Comments (2100) | Send Message
     
    So would that make the Bernanke the Sugar Plum Fairy?

     

    http://bit.ly/PkfNqp
    27 Aug 2012, 12:55 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    Stop it!!! My sides hurt too much!!!
    27 Aug 2012, 05:30 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    Well he does seem flighty at times. Add to that he has been doing the old soft shoe regarding monetary policy for months. Does that qualify for "The dance of the Sugar Plum Fairy."?
    27 Aug 2012, 06:07 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    Open-Ended QE ?
    http://seekingalpha.co...
    27 Aug 2012, 11:01 AM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4769) | Send Message
     
    LT - Excellent video embedded near the end of the article. Thanks for the link! I think I'll become a follower of this guy so I can watch what happens over the next few weeks. Based upon the video presentation I can't deny that this coming period is going to tell us a lot about market direction for the months ahead.
    27 Aug 2012, 04:25 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    For comparison here is the Chinese 2008 stimulus notice.

     

    http://nyti.ms/Ojm5Dd
    27 Aug 2012, 11:30 AM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4769) | Send Message
     
    Guns - Looks like that link was about the 2008 stimulus announcement by China.
    27 Aug 2012, 04:26 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    Yes that was what I stated but it was to compare to todays announcement so you could see the size difference and the opinion differences.
    27 Aug 2012, 05:31 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4769) | Send Message
     
    Right! And the size of this one is tremendous. I am surprised that the media hasn't made hay with this to boost stocks. But, then again, having stocks go up during the Rep convention could be misconstrued. So, trying to leave us in the dark makes sense. Makes me wonder if MSM will hype it during the Dem convention as if it were fresh news and hope to drive stocks higher at the right moment. I'm probably reading too much into this whole thing.
    27 Aug 2012, 07:41 PM Reply Like
  • tripleblack
    , contributor
    Comments (13440) | Send Message
     
    I see a relatively small contribution in the list from the central government in Beijing, just y2.4trillion. Gruizhou (a poor province) announced y3.0 trillion to build parks and so forth, while 3 cities alone had a total of y4.0 trillion. y9.4 trillion defined in the article. At the current exchange rate .1573 yuan/$, that's $1,478,620,000,000. A tidy sum, even in this age.

     

    Its noteworthy that the y2.4trillion the central government plans to spend is over 3 years, and its likely that the other announcements cover multi-year plans as well.

     

    I believe this equates in a rough manner with what China spent on stimulus during the financial meltdown.
    27 Aug 2012, 08:21 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    Bloomberg wants to downsize apts too. Maybe there is a method to the madness. Skinny people might not complain so much in these rat sized homes.

     

    http://bit.ly/NWG6P7
    27 Aug 2012, 11:34 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    So long as NYC does not get into the business of owning and renting micro apartments, I don't have any problem with them loosening up regulations so that more affordable housing is available to more people, all generated from the private sector. Broadening the tax base and attracting new opportunities, I like that.
    Plenty of people live well in small spaces--look at the density of Tokyo as an example.
    There is still commuting from the burbs and other boroughs as an option for those who want more space and have tight budgets.
    Now if the government streamlines the permitting process... that would be a good deal~
    27 Aug 2012, 12:39 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    Fully agree with free markets.

     

    Bloomberg seems to be saying "let them not have trasfat, big gulps or nice apartments". That just seems to grate on me. Kinda sounds like "let them eat cake". Without transfat or course.
    27 Aug 2012, 12:42 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2388) | Send Message
     
    Did I see this here?

     

    Japan's Capsule Hotels

     

    http://bit.ly/QLbYFh
    27 Aug 2012, 04:20 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    A good while back you might have seen it here. They are great when you have missed the last evening train home and have to wait till early morning for the milk run train. It beats sleeping on a park bench for a couple of hours.
    27 Aug 2012, 05:32 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4769) | Send Message
     
    And it within a block of where the Thunderbird-A-Go-Go club used to be back in 1969-70. Where they got that name I cannot imagine since my friend and I were the only non-Japanese that went in there. They had great music and it was fun being a novelty.
    27 Aug 2012, 08:09 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    This architect is in Hong Kong. Look what he did with a tiny apartment, it's just amazing. ( Video is around 4 minutes long.)
    http://bit.ly/PNGu3c
    28 Aug 2012, 06:35 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    Here is a good simple starting point...from some of the most respected CEO's in the world:
    http://bloom.bg/MVQOZ0
    27 Aug 2012, 12:12 PM Reply Like
  • jhooper
    , contributor
    Comments (5328) | Send Message
     
    These guys simply do not understand how our monetary system works.

     

    Their comments would make more sense if we didn't have a monopolized money medium and we were back in the days when money mediums were precious metals. Basically what they are saying is that the parent company of a conglomerate that is having profitability issues can make those profitability issues go away by charging more management fees to the subs (management fees that eliminate in consolidation by the way).

     

    You would think guys that run company's with these types of structures would understand this, but old understandings die hard apparently. You have to wonder if we will ever be able to get grownups back in positions of responsibility.
    27 Aug 2012, 12:19 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    I think these men do know how the monetary system works. They are 3 of the most powerful men in the world. (or used to be). Even more so than the president.
    - They all had lucrative gov't contracts
    -Whenever Welch wanted to beat earnings...he had GE Capital do it with more premiums on CDS. etc.
    -Not just them, but when you attack CEO's who have/had this much power they fight back.
    -They have one other special interest, and that is keeping the corporate tax loopholes open. This is the elephant in the room & is why they are caving in to "tax the rich".
    In short it's better to take a few million out of the 1% than to close corp loopholes. The rich, will never pay the taxes they say. They invest through Trusts, IRA's, and tax free bonds. 15% is max. Corporate tax is the holy grail of where the new taxes lie.
    Remember, GE made $14 billion and paid ZERO tax. Who do you think set that up? (Jack Welch)
    Anyone who challenges this dynasty will probably get chewed up and something worse than spit out.

     

    The good thing about what they said is:
    We are tired of the Financial World's misdealings & fiasco's....in short it's causing them problems and they are getting blamed too.
    This will eventually lead to change. Positive change.
    27 Aug 2012, 12:34 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    Tax the rich from folks who pay no taxes as mentioned in the case of GE. The problem is that they don't want or intend to tax the 1%. They plan to crush small business owners with these nebulous taxes at those making $250K. Government private sector partnerships? Puleees. Here is one of those that King Voldemort has been touting as a great success. http://onforb.es/QoqbgN Looks great doesn't it. The role of government is providing a stable and secure monetary system and currency while fostering a business friendly environment. Not partnering with specific businesses or industries. They aren't very good at picking winners and losers. In fact they seem better at picking losers than winners. Get government out of business except as referee and regulator. Of course that would entail regulations that make good sense and regulators that actually do their job.
    27 Aug 2012, 04:24 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    You guys are preaching to the choir. Who on QC thinks our current tax system is fair and uncomplicated?
    ...I rest my case...
    27 Aug 2012, 05:08 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    OG, I hear crickets.
    27 Aug 2012, 05:37 PM Reply Like
  • D-inv
    , contributor
    Comments (3931) | Send Message
     
    "Who on QC thinks our current tax system is fair and uncomplicated?"

     

    :-) The best money can buy.
    27 Aug 2012, 05:40 PM Reply Like
  • jhooper
    , contributor
    Comments (5328) | Send Message
     
    If they did, they wouldnt be babbling about who should fund what when you have a system where gov isn't funded with expropriation taxes.

     

    Do you know what eliminating entries are for consolidated entities?
    27 Aug 2012, 09:58 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    Protesting now leads to charges of terrorism. Think NDAA next.

     

    http://bit.ly/MVS3HM
    27 Aug 2012, 12:24 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    Pardon for double posting, I put some info on this company on the flu blog. It looks like it has lots of potential, but I haven't done any dd.
    The company is Nanoviricides and the ticker is NNVC
    http://bloom.bg/RUbXGe

     

    This is not my discovery, it is a teaser-- I got an email about it. (Of course, the email didn't disclose the company, they want you to subscribe.) Anyone's observations on this one would be greatly appreciated. It's a nanotech, biopharma, micro cap penny stock.
    28 Aug 2012, 05:04 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    IBM ... I side with Buffett on this. Watson could be huge.

     

    8:54 AM Having created a supercomputer that beats "Jeopardy!" champions, IBM is now developing "Watson" for commercial applications, which the company believes could generate billions. Watson is already crunching data for Citigroup and WellPoint; ultimately, a Watson app for a smartphone would be able to answer consumer questions, such as about their health.
    28 Aug 2012, 09:02 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    Good article on the regional banks:
    http://seekingalpha.co...

     

    I've got my order for BBT in, a bit low-ball, but it's gtc.
    28 Aug 2012, 01:46 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    good choice, They are ran very safe and conservative. Probably good for nice stable gains over time. I own it thru Prefferred.
    28 Aug 2012, 01:50 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    exited (EPM) today with many regrets... up nearly 300% but didn't buy enough... 20% off its highs... but the original person who touted the stock felt there was reason to curtail expectations going forward recently... decided to get out with the gains in hand and absorb the learning experiences along the way

     

    still have some preferred, EPM-PA
    28 Aug 2012, 01:54 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    Here is something that should be done, but won't:

     

    Impact statement for Middle Class:
    http://on.mktw.net/SOHo2e
    28 Aug 2012, 04:01 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    If things don't change, Paulson will be closing some funds.
    http://bit.ly/SOL8B5
    28 Aug 2012, 04:19 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    5:20 PM Berkshire Hathaway's (BRK.A) recent unloading of billions in exposure to the municipal market is likely not a sector call, according to Citi's George Friedlander. Chances are Berkshire's counterparty in the CDS transaction (Lehman's DIP vehicle) wanted out and offered a good price to unwind the illiquid position. Berkshire retains $8B in exposure to muni bonds and is likely to look for spots to increase its footprint. Comment! [Financials, U.S. Economy]
    28 Aug 2012, 05:26 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    I had seen where the reason for keeping those remaining $8 Billion was because they were not able to sell them yet.
    28 Aug 2012, 05:39 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4769) | Send Message
     
    I read the same article, DG. I think this sounds like a spin job by those who want to sell some more to unwary investors. Perhaps Citi has been hired to find buyers for the deals that BRK pulled out of.
    29 Aug 2012, 01:14 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    3:48 PM Is the relentless fall in Chinese shares a leading indicator for the rest of the world or buying opportunity? Already bearish, Doug Kass notes Shanghai rolling over in October 2007 preceeded the meltdown elsewhere. Foreign investors, however, see bargains, becoming net buyers of Chinese shares in consecutive weeks for the first time since February. [Global & FX] Comment!
    28 Aug 2012, 06:05 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    The wall of worry keeps getting higher....It is looking less likely that we get QE-3 Friday.

     

    I am thinking about hedging with some VXX just in case the mkt. tanks with no QE-3 this week. I think the fed is waiting until the Germans and the EZ vote. Things are not bad enough to ease today, and BB wants his guns loaded for Sept. if necessary after the EZ.
    Thoughts appreciated.
    28 Aug 2012, 08:35 PM Reply Like
  • D-inv
    , contributor
    Comments (3931) | Send Message
     
    "I think the fed is waiting until the Germans and the EZ vote. Things are not bad enough to ease today, and BB wants his guns loaded for Sept. if necessary after the EZ."

     

    Waiting to see what the German courts rule and EZ reactions strikes me as more than a little plausible.

     

    I'm less sanguine regarding wanting "guns loaded for Sept. if necessary". What, if anything, is pointing to a lack of liquidity in markets? BB and other Fed officials have noted multiple times that Congress needs to address fiscal matters. Injecting more liquidity in absence of liquidity issues and failure to address fiscal balance matters projects the sense that the Fed will continue enabling law makers to further defer action on taxes and spending.

     

    I don't see where BB either gains personal political support or promotes economic growth by further monetary easing.
    28 Aug 2012, 09:03 PM Reply Like
  • tripleblack
    , contributor
    Comments (13440) | Send Message
     
    Whatever is done will be a "bridge" strategy, to get them past the elections. Another year of projected zirp plus some jawboning can be expected, absent a real disaster somewhere.
    28 Aug 2012, 09:14 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    As long as no disaster comes and the treasury is not out of money we will get no QE. JMHO

     

    We will run out of money soon but I think it will be after the election before we hear about it. Politicians would not want us to hear about that before the election.
    29 Aug 2012, 09:30 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    I doubt there will be more QE. We don't have a liquidity problem. There is liquidity sloshing around everywhere. We have an uncertainty problem built on a mountain of debt surrounded by a wall of worry. Seeing how well all of this QE has worked thus far why would more of the same be helpful? As for the debt ceiling fight that will be front and center soon it should be a doozy. That being said it's a question of timing and political maneuvering. Will the debt clock reach $16T before or after the election. If it's before will a stop gap be put in place to avoid the issue until after the election? Or will one side or the other perceive a political advantage in having this fight during the campaign? Round and round and round she goes, sort of like the water in the toilet bowl as we flush our future down the drain.
    29 Aug 2012, 02:33 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4769) | Send Message
     
    I don't expect QE on Friday either. But I do expect a statement by BB (are those initials or a reference some body organ?) to reassure the markets that the FED stands ready to do whatever is necessary...blah, blah, blah. Seemingly his goal is to prop the market at least until after the election, but preferable until the end of his term. He's going to need some help on to reach that last horizon.
    29 Aug 2012, 02:54 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    Must read:

     

    5 Moves an EZ money manager is making:
    http://on.mktw.net/QRJaLj
    29 Aug 2012, 05:00 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    8:31 AM Corporate Profits: +1.7% in Q2 (revised from previous estimate of 1.5%). Comment! [U.S. Economy, Breaking News]

     

    8:30 AM Q2 GDP (2nd revision): +1.7% in-line with expectations, +1.5% prior. Comment! [U.S. Economy, Top Stories, Breaking News]

     

    What does this say for Friday's speech ? QE or not ?
    29 Aug 2012, 08:34 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    I don't know... are we ready to compare our current quarters to 2007's yet? or do we need to still use the crutch of subsequent lowered expectations?
    29 Aug 2012, 08:45 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    I think we need to use an inflation adjusted dollar to do a proper comparison. Or just compare the markets value to gold over that period of time. Priced this way its performance is actually horrible.

     

    http://bit.ly/RYcPK3
    29 Aug 2012, 09:32 AM Reply Like
  • tripleblack
    , contributor
    Comments (13440) | Send Message
     
    The power to set the conditions and parameters makes all the difference...

     

    Comparing gold to the S&P since 1900, say, shows equities outperforming gold 4 to 1, and MUCH more when reinvested dividends are included in the mix.

     

    My precious metal investment thesis for gold (or minerals and metals in general) has to do with the underlying cost of production, which has been shooting upward for the last 5 or 6 years, combined with whatever demand we can identify.

     

    Gold is an asset class now, and therefore its demand structure has detached from other PMs/metals which retain industrial functions but lack the unique asset class/investment status.

     

    I believe we now have a floor under gold (and to a lesser extent all metals) which did not exist before. This floor is still rising slowly and inexorbably, so the power of the market manipulators to act in a downward direction on prices is being squeezed. I believe the new paradigm will see these same forces shift strategy to regain their accustomed maneuvering room, ie, allow a rapid upward spike and then resume manipulating from a higher level. Increasingly massive volume of trades will occur in smaller and smaller periods of time representing steeper and steeper spikes designed to destroy the small investors for the benefit of the large.

     

    Just as we see crony capitalism and outright economic fascism becoming the norm in major economies worldwide (including ours, the EU, and of course China), we can expect the same behavior mirrored in the precious metal markets.
    29 Aug 2012, 09:49 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    When the dow goes to a 1:1 ratio with gold sell out of gold and buy stocks. That is the part that is missing when one looks over that length of period 1900-present. There have been 2 periods when the 1:1 ratio occured. I am presently waiting for that 3rd one. Depending upon which stock one looked at over this period it would look very bad for many stocks. They are gone, bankrupt.

     

    Take the compairsion back 2000 years or just to the roman empire and then all the stocks are all gone but the gold still has value. That is the benefit of gold. Even pulled from sunken ships its value is still obvious when compared to the rotten papers aboard that same sunken ship.

     

    As you pointed out, and its a very important point to make because its so true and critical in comparing investment instruments. The power to set the conditions and parameters makes all the difference... but gold will probably always have value. Stocks and bonds maybe yes, maybe not.
    29 Aug 2012, 03:55 PM Reply Like
  • tripleblack
    , contributor
    Comments (13440) | Send Message
     
    The comparison is with the S&P basket of stocks, which of course includes all corporate failures, the '29 crash, etc. It is only during the occasional period where gold is not saddled with a fiat value AND the equity markets are under attack (a situation which occurs very rarely in American history) that such a large mismatch in investment returns reverses, and gold far outperforms equities.

     

    When gold was the basis for our currency, which was true up through the Nixon administration, it was usually not a very good long term investment. Gold has always throughout history had a value, but during much of its history that value was set by government fiat. Right now we have a quasi-fiat situation comprising the actions of the various governments, their creatures, the large exchanges, and such odd international constructs as the IMF. During the later half of the 20th century gold became a form of surety in activities between nations, a system short of war to achieve fiinancial transactions and guarantee some measure of adherance to agreements. As such it never really ceased operating as a means of exchange, even during the decades when private ownership was forbidden.

     

    Removing government meddling with their police power and fiat currency manipualtions has long been a goal of us capitalists, but the reality is that it is a rare moment when we actually win the battle.
    29 Aug 2012, 04:09 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    PM and specifically gold really can not be rightfully called a investment vehicle. More like a hedge against irrational markets.
    29 Aug 2012, 04:23 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    8:43 AM More on Q2 GDP: Hidden within the nonevent of a report (calender is closer to Q4 than Q2) are inventories subtracting 0.23% from GDP rather than adding 0.32% to the print as they did in the first revision. This bodes well for future GDP, says Mike Jackson. [U.S. Economy] Comment!
    29 Aug 2012, 09:22 AM Reply Like
  • jhooper
    , contributor
    Comments (5328) | Send Message
     
    "Bottom line: Like the July payroll report, the revised GDP report shows weakness which looks good only because it is quite a bit better than the lousy report which came a month before. The economy has grown at a 2% rate for a couple of years, which is not enough, but is better than 1.5%!

     

    Looking ahead, consumer spending is likely to be about the same in Q3 as Q2, but business investment is slowing, especially spending on capital equipment. And trade remains a drag as well, as exports continue to weaken. On balance then, more so-so growth."
    29 Aug 2012, 09:25 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    We need 75 Years of double digit GDP to solve the problems we have. That is NOT going to happen, soooooo......we are screwed and there has to be a great carving....with a chain saw. We appear to have slipped past the point of making a fine incision.

     

    "we cannot grow our way out of this problem. Faster economic growth can only delay the inevitable hard choices. To close the long-term entitlement gap, the U.S. economy would have to grow by double digits every year for the next 75 years."

     

    http://bit.ly/PQfEaC
    29 Aug 2012, 09:52 AM Reply Like
  • tripleblack
    , contributor
    Comments (13440) | Send Message
     
    The installation of the Fair Tax would accomplish a transformation of our economy overnight...

     

    Even with a revenue-neutral (*ie, worst case) outcome.

     

    The first major party to accept the price of such a change (ie, giving up the immense power which is concentrated in the hands of a few hundred politicians in Washington by the Income Tax System) will be able to defeat their opponents in this or the next election...

     

    Given its makeup, this option COULD be incorporated into the platforms of either party...
    29 Aug 2012, 09:57 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    If that happened I might have wet dreams again. That says a lot at my age.

     

    It would create tremendous job opportunities as well as ensuring taxes paid were actually collected by the govt not redistributed by politicians. That unfortunately is the reason it gets so little attention. If only......
    29 Aug 2012, 10:26 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    HTL this chart is for you. What do you think? Assuming the market was not manipulated like all hell.

     

    http://bit.ly/SR1cDO
    29 Aug 2012, 11:04 AM Reply Like
  • Stilldazed
    , contributor
    Comments (2097) | Send Message
     
    I am no expert, but it sounded like they were talking about an Elliott wave analysis of the chart. If it is, well, better find a bomb shelter.
    29 Aug 2012, 01:28 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    StDazed.. I think that is what it is....I have seen that before, and we just completed it....
    The stars are all lined up for the big drop. Sept. is a huge news and game changing events back to back. Could be a buy the rumor-Sell the fact.

     

    This mkt. knows it too, it is weak. Really different than all summer. I have noticed the HFT's having to work. There are articles where many have went to cash to wait and watch it out. This week, I have seen prints on the dow move 5 points. It quickly recovers as I think the HFT's have somewhat installed better circuit breakers cause if they cause another flash crash, they are outta buisiness. Volume is thin and not much support or push to it either way.

     

    I posted yesterday about the EZ money manager for wealthy clients. He told them...you have sizeable gains, take them and sit it out until after Sept. Cash in US$$ is king, and he wants them 100% cash and ready to act if things get good or bad.
    29 Aug 2012, 01:34 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4769) | Send Message
     
    DG - I brought this up a couple of weeks ago when I first noticed the H&S formation in the S&P 500. The downward-sloping neckline and the possibility of the right shoulder high being lower than the left are good indications, IMO, of a major topping formation.

     

    The problem is that this is not a normal market, but a manipulated market, so the question that I keep asking is: "Do normal technical analysis techniques still apply?" Of course, in the short term, we have witnessed time and a gain that manipulation has won. But I'm not so sure that something this big can be manipulated away.

     

    I still think there is the possibility for a run up to the 1500 area before the momentum is lost. I don't know what the catalyst will be, but the manipulators have very well-developed imaginations, so we'll just have to wait and see. That's my 2 cents. I am interested to hear from HTL as well.
    29 Aug 2012, 01:37 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    K202, my comment about the manipulation was because I agree with you whole heartedly. Technicals mean nothing if the manipulators step in and keep the technical signals from ever forcasting the market but since HTL understands them better than most on here I am looking for his opinion of this "barring any manipulation".

     

    We take our chances on the manipulation and I commented recently about there are no chickens in this market when I believe LT talked about chickening out. In a manipulated market you move fast or get crushed and sometimes you still get crushed.
    29 Aug 2012, 01:48 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    Dennis Gartman advised he got out of equities last week. "I'm neutral and I'm nervous."
    29 Aug 2012, 01:52 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    I should have added to my last post, and the talk about a big drop or crash,

     

    As soon as Sept. news is out of the way....then the election and
    FISCAL CLIFF....that I don't think will be dealt with until Jan. and then probably not well.

     

    The stars are just getting too well aligned. I am with OG on nervous and nibbling at shorts.
    29 Aug 2012, 02:13 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    I am still setting in VXX. I think volatility is coming and it does not matter which way the market goes, with vix, you just need it to be volitile.
    29 Aug 2012, 02:16 PM Reply Like
  • jakurtz
    , contributor
    Comments (1905) | Send Message
     
    Growth has been modest, moderate, gradual...WTF is the difference?
    29 Aug 2012, 02:12 PM Reply Like
  • jakurtz
    , contributor
    Comments (1905) | Send Message
     
    I am serious, did investors wait all day for the beige book release to hear the economy is growing "gradually".

     

    Next month the economy will be growing somewhat, kind-of and a-little.
    29 Aug 2012, 02:25 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2097) | Send Message
     
    Jak,
    Don't forget a teenie tiny bit.;-)
    29 Aug 2012, 02:29 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    I think marginally says it all.
    29 Aug 2012, 03:57 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    The only thing that is up or very strong is Banks and Bio-Tech.
    Citigroup (C) wants back over $30, and NVAX & BCRX up the past 2 days.

     

    Robert....the debt is supposed to hit $16 T next week.
    29 Aug 2012, 02:36 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    We should think about the "first of month" mark-up .

     

    Will they use Jackson Hole to begin Friday and really run it up on Tuesday?

     

    IMO, it could go either way, but I expect flat to down before the EZ. That is the elephant in the room that worries me most.
    29 Aug 2012, 02:45 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    Greetings all: I had placed my portfolio in the best defensive position possible and put it on autopilot prior to entering the recent negotiation. I left it that way while on vacation and see no reason to do anything else until after the election. While on vacation in the Chain of Lakes region on the IL/WI border I made some observations. There are properties still up for sale in the area that were up for sale two years ago when I was last there. There are more up for sale now than there were then. Many of them are distressed or foreclosures. I put a sealed bid on a 1 acre property with a couple of hundred feet of lake front on the Fox Lake adjacent to Hidden Point. http://bit.ly/PQUvNm The property has two good sized duplexes and a condemned 18 room flop house on it. My bid was $550K with a total project budget of $750K. http://bit.ly/PQUucr I didn't get the property. I attended a baseball game Cubs at Brewers in Miller Park. The stands were over half full with neither team in the playoff hunt. Concessions were doing a brisk business as well so there is money moving around in that area. Just not in a way that adds significantly to increased production or velocity. It seems like the same money is moving in less than productive patterns.
    29 Aug 2012, 03:10 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    Beautiful property Rob't...sorry you didn't get it.

     

    Property is now moving pretty well in KY, still a few foreclosures, but no short sales left much.
    The TBIF are beginning to dump the last of the foreclosures after a long dry spell while they did that settlement thing. They are holding out though, just like on your deal for higher prices. But they eventually sell them at mkt.
    If you want the property, stay in touch. At some point they will deal with a cash buyer.
    29 Aug 2012, 03:15 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    Thanks LT. I'm pretty sure that there was a higher bid that got the property. I'll check back in a few days.
    29 Aug 2012, 03:38 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    For you battery geeks....I will still be surprised if GE doesn't wind up with AONE before it's over:

     

    4:52 PM A123 Systems (AONE -10.7%) crashed to a new low of $0.28 today in the absence of major news. Shares are now 40% below the level they traded at before A123 announced a giant and controversial financing deal with China's Wanxiang Group. The Street may be worried the deal will fall through due to political concerns, or will be dilutive to the point where existing shareholders are left with very little. [Tech, On the Move] 6 Comments
    30 Aug 2012, 05:58 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    Numbers are good, but I wish I shared his optimism. This goes along with what's really happening in real estate too.
    http://seekingalpha.co...
    30 Aug 2012, 06:01 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    Read the 1st & 6th paragraph :
    http://seekingalpha.co...

     

    Re: Banks
    I read on Bloomberg.com .. the title is "Republican platform on Banks collides with Wall St." ... this is not political but shows just how bad banks want to reform Dodd-Frank for one reason....to keep their trading platforms. Same as this article show above. It's the very thing that is still dangerous with $600-700 trillion in CDS
    30 Aug 2012, 06:08 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    If you want to read a vicious article on all pols...read this. It has good numbers and scenario's though.
    http://seekingalpha.co...
    30 Aug 2012, 09:06 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    We think we got it bad with $4 gasoline...try Italy with $9

     

    http://bloom.bg/ONbBfL
    31 Aug 2012, 03:52 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    Even Cramer says take profits and go to the beach...he also says everyone else has already. Kass was net short yesterday, with the least longs this year.
    http://bit.ly/OEk6v8
    31 Aug 2012, 04:18 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    These guys just can't grasp that the world has had too much credit and now has too much debt for increased lending & credit to be the answer. There are none in Washington that truly have a clue how to fix things. None. they are still living in the 20th century and think the same ole same ole will work. It is just all they know.

     

    7:20 AM The St. Louis Fed's Jim Bullard is his usual marginally-hawkish self in a Bloomberg radio interview, but does say he would be willing to entertain the thought of negative rates on bank reserves held with the Fed. "This might be (the) time." he says. A cut in the IOER is a holy grail for some, but FRBNY research casts doubt on whether it would force a wave of bank lending into the economy. Comment! [U.S. Economy]
    31 Aug 2012, 07:23 AM Reply Like
  • D-inv
    , contributor
    Comments (3931) | Send Message
     
    "A cut in the IOER is a holy grail for some, but FRBNY research casts doubt on whether it would force a wave of bank lending into the economy. "

     

    Dodd-Frank needs to go. Business demand for capital is evidenced by strong growth in BDCs and their earnings.

     

    Happily holding MAIN, PSEC, TCAP
    31 Aug 2012, 08:59 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    The mkt. is probably going to get what it wants, both from the USA and the EZ...Futures are up. Draghi said to be close to getting the bond buying program. Merkel's banker wanted/threatened to quit, Spain and Italy hold off requesting aid at Merkel's request...

     

    How much more? Will it be enough ?
    31 Aug 2012, 07:27 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    Even Pisani says don't bet against the fed...he says the global put is real:
    http://bit.ly/ONsNls
    31 Aug 2012, 07:35 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    7:39 AM European bank regulation reform plans propose giving the ECB supervisory powers over all EU lenders and the sole power to grant banking licenses - powers now held by the various national regulators. It's another blow to the Bundesbank, which wants the ECB overseeing just the largest 20-25 banks, and an important step towards a U.S. of Europe. [Financials, Global & FX, Top Stories] Comment!
    31 Aug 2012, 08:57 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    No QE...what the take here ?
    31 Aug 2012, 10:06 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    I stand by my Bunker Hill thesis. The tone of the quotes in this Bloomberg article about his speech suggest he's got his gun loaded, and he's waiting at the ready, but holding steady as long as he can.
    http://bloom.bg/PUSpw2
    31 Aug 2012, 11:14 AM Reply Like
  • jhooper
    , contributor
    Comments (5328) | Send Message
     
    No big suprise. Maybe for some of the retail folks, but it seemed to be pretty much what everyone else was expecting.

     

    10yr yield dropped to 1.59 for a bit, but is back at 1.60 now.

     

    It was classic, "we stand ready to do whatever is needed, blah, blah, blah".

     

    The resort they stay at in Jackson Hole is run by the gov, and as such is a very austere place. Typical.

     

    Now it is on to Sept 6 and Draghi. I'm starting to lean to thinking that the ECB is going to announce something.
    31 Aug 2012, 11:21 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    James Kostohryz on the Fed
    http://seekingalpha.co...

     

    Jim Grant interview with Tom Keene's Surveillance on Bloomberg yesterday (11 minutes)
    http://bit.ly/O18u70
    31 Aug 2012, 11:23 AM Reply Like
  • DRich
    , contributor
    Comments (4429) | Send Message
     
    >jhooper ... The ECB will, of course, announce something. It will sound a lot like "Whatever It Takes" followed by a 5% rise in the markets ... and little else.
    31 Aug 2012, 11:25 AM Reply Like
  • jhooper
    , contributor
    Comments (5328) | Send Message
     
    DRich

     

    I was thinking in terms of an announcement of a bond buying program.

     

    Are you saying that they will just jawbone like BB about "we stand ready to blah, blah, blah"?
    31 Aug 2012, 11:31 AM Reply Like
  • DRich
    , contributor
    Comments (4429) | Send Message
     
    >jhooper ... The EU is waiting on the German court ruling. Everything before Sept 12 is hot air. You can buy it because it's all bullish ... but ... believe it ... that would be risky.
    31 Aug 2012, 11:33 AM Reply Like
  • jhooper
    , contributor
    Comments (5328) | Send Message
     
    I was thinking the same thing about the German court ruling, but I'm seeing some things from the ECB that suggests to me they are putting together a line of reasoning that would make the German court decision moot.

     

    http://seekingalpha.co...

     

    http://bloom.bg/O9fKJQ

     

    I don't know yet. Maybe what we get is more jawboning, but specific jawboning about what the plan would look like. It sounds as if Draghi REALLY wants to do this, so he is getting his rationlizations lined up for why he should.
    31 Aug 2012, 11:48 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    Japan on the verge... http://bit.ly/S4v00B
    31 Aug 2012, 11:47 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    They are the most experience can kickers around. 200% GDP deficit and counting. Seniors are cashing in more bonds than are selling now and when you add this type of govt wrangling wonder if the end is nearing. One would have to think the can has to be whittled down to a nub by now.
    31 Aug 2012, 12:04 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2388) | Send Message
     
    Video: "CNBC's Gary Kaminsky reveals some final responses for how to play the markets after Labor Day."

     

    He says hide in JNK till Election Day!

     

    http://bit.ly/O9fF98
    31 Aug 2012, 11:48 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    I am hedging with VXX in this market. Its going to explode up or down based on the election. I have no clue which way, but think Romney wins, and want to play on that volatility since I can not be sure it goes up since Romney is not a guarantee at this point.
    31 Aug 2012, 12:12 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    DG

     

    Honestly, i thought the convention was a joke with the potential VP lying through his teeth and then having Clint come on stage and do a standup routine.

     

    I think the Dems, if smart, will eat their lunch this week.

     

    By the way Hello to all as i haven't spoken to most of you for months. Glad to see you guys keep moving along.

     

    map
    3 Sep 2012, 12:33 AM Reply Like
  • D-inv
    , contributor
    Comments (3931) | Send Message
     
    "i thought the convention was a joke with the potential VP lying through his teeth and then having Clint come on stage and do a standup routine."

     

    :-) To each their own. I thought Clint taught some stand up comics a lesson or two in making an extremely focused, well targeted political point in devastating good humor. What better way is there to symbolically project the thought of "no one home" than to "talk" to an empty chair and to convey the essence (F_ck off) of Obama's response to all attempts of political opponents to communicate, whether rambling and disorganized or coherent and focused.
    3 Sep 2012, 12:20 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    The empty chair technique is used in psychotherapy. It's got a serious basis; this was meaningful symbolism, not a dumb prop.
    Clint Eastwood's message was very clear:
    Hollywood has conservatives, too.
    There is 23 million unemployed people in this country and that's a national disgrace and it's time to solve that problem.
    Why didn't POTUS close Gitmo when he said he would? Why did he want to when they spent so much money on it, anyway?
    Who had the stupid idea of trying terrorists in downtown New York City?
    Why was Obama against the war in Iraq but for the war in Afghanistan, especially after Russia's bad track record there for a decade?
    Why did Obama give the target date to leave? You might as well bring them all home now.
    Obama's getting as bad as Biden--the intellect of the Democratic party.
    It's time for Obama (the lawyer) to step aside and allow a businessman to run things.
    We own this country, the politicians work for us, and we should let them go when they are ineffective.
    We're a great people.

     

    I do believe that is Eastwood's message, and that's not clowning around.

     

    If your daughter and her young friends did not get the gist of this message, MAP, maybe you can explain it to her before she casts her vote.
    3 Sep 2012, 04:36 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    D-INV

     

    Do you honestly think the Rebublicans were happy that Clint threw out his approved 5 minute speech and rambled on for 12 minutes?

     

    I agree with most of what he said but it just seemed to unprofessional to me. Just my opinion.

     

    Now Ryan just outright lying was a big mistake, it will come back to bite him big time !!

     

    I might add i go to plenty of comedy shows and i really didn't think Clint was that good...But to each his own...

     

    map
    3 Sep 2012, 08:38 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    OG
    "The empty chair technique is used in psychotherapy. It's got a serious basis; this was meaningful symbolism, not a dumb prop."

     

    Oh they got it. They also got it that Ryan is an outright lier. I agree with them on that issue, although we also know big O also been known to lie as well. So it comes down to essentially two weak candidates.

     

    I just think those points could have been brought out in a more professional manner, like hearing them from Mitt? Had Mitt made those comments i am sure we would not have needed the chair.

     

    Still waiting to hear Mitts ideas on foreign policy as well.

     

    But well see what is stated this week at the Dems convention. Clint's act really didn't bother them too much. It was Ryan's outright lying and then his reasons for it that concerned them more.

     

    OG, i agree with all your points, and they did as well. This is just a tough election as we have no standout right now. Mitt really didn't knock my socks off either to be honest. Wish he did !!!

     

    map
    3 Sep 2012, 08:45 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2097) | Send Message
     
    Obama is a presidential candidate, Ryan is not. Ryan is up against Biden as VP. I know it's obvious, but the way you were talking if I haven't followed politics, I wouldn't know.
    3 Sep 2012, 09:06 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    STILL

     

    Well Ryan is one heart attack away from being a possible President. It also shows what kind of Character Mitt is happy to call his VP. So when i make my decisions i take all that into account, maybe you don't.

     

    Don't think Sarah had any negative inpact four years ago??
    3 Sep 2012, 09:17 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    Romney's foreign policy is well-defined, imo. (I really don't think one can expect a detailed analysis of foreign policy in a nomination speech.)
    I refer to his website, where it is summarized by region:
    http://mi.tt/RBLKty
    3 Sep 2012, 09:40 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    OG

     

    But not a peep of it in his speech? Something seems off there..I really want to hear those words come out of his mouth, not posted on a web site. Maybe i am old school...
    3 Sep 2012, 09:52 PM Reply Like
  • D-inv
    , contributor
    Comments (3931) | Send Message
     
    "Do you honestly think the Rebublicans were happy that Clint threw out his approved 5 minute speech and rambled on for 12 minutes?"

     

    :-) I don't have a clue as to what Romney, Romney's campaign staff, or Republican party officials think about Eastwood's performance. I just know, and stated, what I thought of it.
    3 Sep 2012, 10:09 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2097) | Send Message
     
    We've had foot in mouth Biden for VP for 4 years, that doesn't scare you?
    3 Sep 2012, 10:11 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2097) | Send Message
     
    TB,
    Sorry, I'll take any more political stuff to JaKs chat.
    3 Sep 2012, 10:16 PM Reply Like
  • D-inv
    , contributor
    Comments (3931) | Send Message
     
    "Now Ryan just outright lying was a big mistake, it will come back to bite him big time !!"

     

    I did not listen to Ryan's speech, or if I did it left no impression on me. If you care to elaborate on "outright lying", I would certainly read them (hopefully on Jakurtz's Political Quickchat 2 blog at
    http://seekingalpha.co...

     

    Some here might also find it interesting to follow a link there to an article about Obama and subprime mortgage lending.
    3 Sep 2012, 10:21 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    Well, he did talk about foreign policy. Here's the speech. http://n.pr/RBP3RD

     

    and here's a quote:

     

    .".. President Obama began with an apology tour. America, he said, had dictated to other nations. No Mr. President, America has freed other nations from dictators.

     

    Every American was relieved the day President Obama gave the order, and Seal Team Six took out Osama bin Laden. But on another front, every American is less secure today because he has failed to slow Iran's nuclear threat.

     

    In his first TV interview as president, he said we should talk to Iran. We're still talking, and Iran's centrifuges are still spinning.

     

    President Obama has thrown allies like Israel under the bus, even as he has relaxed sanctions on Castro's Cuba. He abandoned our friends in Poland by walking away from our missile defense commitments, but is eager to give Russia's President Putin the flexibility he desires, after the election. Under my administration, our friends will see more loyalty, and Mr. Putin will see a little less flexibility and more backbone.

     

    We will honor America's democratic ideals because a free world is a more peaceful world. This is the bipartisan foreign policy legacy of Truman and Reagan. And under my presidency we will return to it once again..."

     

    Read the speech. it is packed with Romney's values and plans.
    3 Sep 2012, 10:30 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    OG

     

    I agree he made those comments, maybe i didn't make myself clear. I was hoping to hear about the war, what he would do. Additionally what type of foreign policy he would push for. I will read your link. Thanks for it, maybe i missed it listening to the speech.

     

    I just remember him pointing out Obamas mistakes, not what he would have done.

     

    map
    3 Sep 2012, 10:57 PM Reply Like
  • Ishikawa
    , contributor
    Comments (177) | Send Message
     
    OG,
    I have always enjoyed reading your posts here and other places. I have learned a lot from you.

     

    But on the subject of Romney I think we really should not discuss it here even though you have every right to do so.

     

    Why waste time to discuss somebody who wants to be President of the United States; reduces taxes; keeping defense and social security budgets intact and balance budget. An absolutely impossible task even to a 5th grader. In the mean time, he pays less than his share of the taxes. Why would I want to pay him a salary and run the country on taxes he collects from me while he is not sharing the tax burden? Most of the Americans may not be as smart as Mr. Romney but they are not stupid either. I hope that he stops treating them like one !

     

    I am not a fan of Obama either. Whatever the result is in November, we are going to suffer another 4 years of inept presidency
    until 2016. Hopefully, more sensible person/s will come out and run for the office of the President of US.
    4 Sep 2012, 12:23 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    Romney made around $21 Mil last year. He paid about 15% Taxes, and gave $ 3 million to charity.
    I have no problem with those numbers. It's the 47% of Americans who pay no taxes that are a problem. It's the 25% unemployed that are a huge problem and need to get back on their feet. I'd like to see a business atmosphere where jobs can be created in the private sector. If Romney can do that, then I will be a happy camper for the next four years. Will Harry Reid, Debbie Wasserman Schultz and Nancy Pelosi permit it? The only hope is to vote out as many incumbents as possible, and bring in new blood, imo. We have to fire the non-performers.
    Thank you for the kind compliments, Ishikawa. i will probably be vocal about politics until the election, because so much is at stake.
    4 Sep 2012, 12:42 AM Reply Like
  • Ishikawa
    , contributor
    Comments (177) | Send Message
     
    Yes, we need to cleanse Washington of all the Senile old incumbents, I completely in agreement. But I will not vote for neither of the candidates for Presidency. I am a registered R and I do not trust Romney. Obama is incompetent. I hope that no President of United States of America will put their own family before the rest of the American people especially when there is an unfinished war and 25 million unemployed trying desperately to find a job. There is no choice, at lease not for me, in this election !
    4 Sep 2012, 02:20 AM Reply Like
  • jakurtz
    , contributor
    Comments (1905) | Send Message
     
    The notion Romney is running for Pres so he can pay 3.5% less in taxes and somehow make life better just for millionaires and billionaires is the most ridiculous notion I have ever heard.

     

    Everyone needs to watch his covention speech and the people who spoke about him on thursday night with their own two eyes and ears and not listen to what the pundits say about him in their two minutes of fame. It is abundantly clear that O does not deserve to stand on the same stage as him and has not done as much good in his life as Romney has done in a day.

     

    When one cuts through all the clutter the choice in this election is abundantly clear. It is between a man who believes in personal responsibility, hard work, family, faith and the individuals capacity for goodness on their own, versus a man who believes in absolving people of the consequences of their personal actions, that the government should be responsible for the individual's happiness, and that the individual does not posses the ability to do what is good but must be forced to though government intervention.
    4 Sep 2012, 08:38 AM Reply Like
  • SMaturin
    , contributor
    Comments (2100) | Send Message
     
    Politicians and
    Diapers should be changed often
    For the same reason.
    4 Sep 2012, 08:44 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    Prove the VP candidate was lying. Prove that King Voldemort has told the truth. Go see 2016 the movie http://bit.ly/NatKWI
    4 Sep 2012, 10:20 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    MAP dont forget to look at BO's Vip. Biden. There has never been a bigger joke of a VIP that I recall. Somewhere on here someone said that BO picked Biden because no one would assasinate BO and make Biden Pres. LOL

     

    I cant stand Ryan but Biden is far, far worse in my book, just as I can not stand Romney but BO is a much bigger and smellier turd. I comes down to which one of those turds do you want to chew on for the next 4 years and which one will pick better Supreme court justices.
    4 Sep 2012, 01:14 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    DG

     

    I agree with all of your points. Just trying to point out that when you watch these conventions with essentially new voters you get a different perspective.

     

    Some felt that even though Biden is a waste you know what you are getting. Most of the younger ones are turned off by the non abortion when raped position of Ryan.

     

    Was just trying to get that point accross but it all blew up, so i decided to stop trying to explain myself. Bush had planned to close that plant and i understand that O made a promise to keep it open.

     

    But we are playing with words saying O closed it, Bush had planned it already, Personally i want a change!
    4 Sep 2012, 06:31 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    Feeling like we are approaching the end of the line.

     

    This should make a great backdrop to your searches on the web today.

     

    http://bit.ly/NGXAO0

     

    Damn, I miss Roy. His guitar is on the rocking chair and photo in the background.
    31 Aug 2012, 12:31 PM Reply Like
  • jhooper
    , contributor
    Comments (5328) | Send Message
     
    This will be the next Greek referendum.

     

    http://bit.ly/N3CMEP
    31 Aug 2012, 12:49 PM Reply Like
  • DRich
    , contributor
    Comments (4429) | Send Message
     
    >jhooper ... I think the Greek people have already made that decision.

     

    As always, you are free to believe or see what you make of the info available. The ECB most definitely is putting together a line of reasoning that they think the common people will buy into. It isn't a solution they are working on but another attempt to maintain the status quo ante. I don't think the Greeks are willing to sell their country in exchange for bonds to pay interest on bonds on bank assets no one wants at pre-crisis prices just to a keep derivative default from happening.

     

    It's a problem that really doesn't involve them.
    31 Aug 2012, 12:58 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2097) | Send Message
     
    Sing it Roy, haven't said that in a while. DG, thanks for the good link and tribute to Roy.
    31 Aug 2012, 01:20 PM Reply Like
  • DRich
    , contributor
    Comments (4429) | Send Message
     
    >doubleguns ... Excellent !!!!!!
    31 Aug 2012, 01:38 PM Reply Like
  • jhooper
    , contributor
    Comments (5328) | Send Message
     
    Maybe what Draghi does is just list all his rationalizations about how monetary policy trumps other factors, thus if the Germans give him cover then great, if not, then he can say he told everyone on the 6th he didn't need them.

     

    If I were the Greeks, I would have to be dragged kicking and screaming from the Euro. Staying in is my best chance for subsidies. Leaving would mean making it own my own. Being productive for personal consumption and trade is not exactly in vogue these days.
    31 Aug 2012, 02:18 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    Jhooper, I think your right. Unfortunately staying in will be the most painful solution in the long run. The handouts will stop but the pain will not.

     

    Like oil of clove for the "marathon man".

     

    http://bit.ly/PSrmUv
    31 Aug 2012, 02:31 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    I think the German vote is like Sept. 12. I don't look for any bond announcement until Germany votes it is legal.

     

    Election wise, I think both sides will be disappointed no matter who wins. The market may not go up (or at least stay up) if Romney wins and could go down...Same for Obama. Both are going to have to do the same thing. The mkt. won't like it at first. Then comes the end to QE at some point.
    Mark my words, both will try for the deal they blew 3 years ago. Huge spending cuts....offset by a huge spending package to get the economy rolling with jobs. No other way.
    31 Aug 2012, 12:56 PM Reply Like
  • jhooper
    , contributor
    Comments (5328) | Send Message
     
    No. There is another way, but the ideals of enlightenment are no longer taught widely in our society so it will never be done or even really talked about.
    31 Aug 2012, 01:00 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    jhooper...that is my point. They don't know the other way, and their constituients would hate it.
    31 Aug 2012, 01:04 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    If Romney wins he will dismantle Obamatax which by it's self will cause a surge.
    31 Aug 2012, 02:03 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    don't count on that too much, he won't change nearly as much as you think. Remember they are saying "piecemeal "
    31 Aug 2012, 02:31 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    Robert

     

    Hello to you as well. I wished for a change in the POTUS race but was sickened to watch the convention last week. Maybe i am wrong but i think Ryan put a nail in the coffin.

     

    Speaking to my 25 year old their group of friends were turned off by him. As was I watching his lies. Wish they had a better candidate.

     

    Just my opinion
    map
    3 Sep 2012, 12:36 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    Which lies would those be. Post them on the political QC.
    4 Sep 2012, 10:25 AM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    They have been written about many times. Honestly i am not going to bother. Just one for the record. The closing of the plant that Bush was responsible for but Ryan blamed Obama for it..

     

    It was immediately mentioned right after the speech by the commentators...
    4 Sep 2012, 10:56 AM Reply Like
  • jakurtz
    , contributor
    Comments (1905) | Send Message
     
    The "commentators". No where in Ryan's speech did he blame Obama for the closing. What Ryan said was that Obama said in his 2008 campaign that through his being elected and government action the plant would remain open for 100 years. After four years of Obama being president and government action of the highest order the plant is still closed.

     

    The most outrageous lie so far this cycle is the one Obama has told on his Obamacare. He specifically told the people it was not a tax while at the exact same time he sent his solicitor general to the supreme court to argue for it being a tax -- now that is a lie that even the worst of politicians should be ashamed of, and no media or pundits have yet to talk about that blatant lie.

     

    If this conversation is continued it should be done so at the Political QC --

     

    http://bit.ly/OQdLd5
    4 Sep 2012, 11:12 AM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    Jak

     

    Sorry, that's not what i heard nor did plenty of others...Enough with the insults. I have no interest posting on your site. I know what i heard, so please don't put words in my mouth....

     

    Maybe YOU should listen to the speech again! Your right and all the experts were wrong. Amazing!

     

    How about him running a marathon in 2 hours and appx 30 minutes when in fact it was closer to 4 hours and he admitted that mistake?

     

    I am done here...
    4 Sep 2012, 11:21 AM Reply Like
  • jakurtz
    , contributor
    Comments (1905) | Send Message
     
    Here is a transcript of what he said. Show me where he said it was Obama's fault the plant closed --

     

    "President Obama came to office during an economic crisis. Those were very tough days, and any fair measure of his record has to take that into account. My home state voted for President Obama. When he talked about change, many people liked the sound of it, especially in Janesville, where we were about to lose a major factory.

     

    A lot of guys I went to high school with worked at that GM plant. Right there at that plant, candidate Obama said: “I believe that if our government is there to support you … this plant will be here for another hundred years.” That’s what he said in 2008.
    Well, as it turned out, that plant didn’t last another year. It is locked up and empty to this day. And that’s how it is in so many towns today, where the recovery that was promised is nowhere in sight. "
    4 Sep 2012, 11:29 AM Reply Like
  • DRich
    , contributor
    Comments (4429) | Send Message
     
    >jakurtz ... I'm glad that plant was shut-down. It made SUV's, a product that has dropped in popularity for some reason ... I just can't think of it right now. GM had the choice of closing it or Arlington. Ryan, himself, tried to steer stimulus money to the plant and wasn't successful either. Arlington, TX won that reduced production.

     

    I'm just confused about where the guy stands. The Paul Ryan of 2002 was all for fiscal stimulus and apparently continued this stance into 2008 (maybe beyond ... I don't know). The Paul Ryan of 2010 to present is totally against.
    4 Sep 2012, 11:51 AM Reply Like
  • D-inv
    , contributor
    Comments (3931) | Send Message
     
    "I'm just confused about where the guy stands. The Paul Ryan of 2002 was all for fiscal stimulus and apparently continued this stance into 2008 (maybe beyond ... I don't know). The Paul Ryan of 2010 to present is totally against. "

     

    :-) Ryan, like virtually all other politicians, stands where he perceives his constituents interests lie at the time. 2002, 2008 was then when the plant was open. Now is now when the plant is closed, public debt is significantly larger, and government programs are threatening to bankrupt the country if reforms do not occur. I think I see a quite plausible case for arguing that Ryan's position has evolved and addressed the issues of most immediate concern to his constituents.
    4 Sep 2012, 12:37 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    Drich, That is the very point that pisses me off when folks call him t-party. He never was and still is not t-party. He obviously is fooling folks by that and I worry that the t-party is being set up by this smear of the t-party with the stench of Ryan.

     

    He is a hugh imporvment over Biden no doubt but I am so feed up with pathetic choices year after year after year.

     

    Obviously it really is time for a third party.
    4 Sep 2012, 01:27 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    I think this explains it pretty well:
    http://bit.ly/OLGQYx

     

    Here is the video of Obama's Janesville Speech in 2008, you can hear the quote directly:
    http://bit.ly/TeB3Pz
    4 Sep 2012, 01:28 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    Fiscal responsibility should be a character trait not a fleeting concern that comes and goes.
    4 Sep 2012, 01:29 PM Reply Like
  • Ishikawa
    , contributor
    Comments (177) | Send Message
     
    Thanks DG for expressing the General Public's feelings. We definitely need a third party, t or no t !

     

    Neither of the present sets can lead us out of the Valley of Death ! jmho.
    4 Sep 2012, 01:33 PM Reply Like
  • D-inv
    , contributor
    Comments (3931) | Send Message
     
    " I think this explains it pretty well:
    http://bit.ly/OLGQYx"

     

    OG, thanks for those references and your way with words.
    4 Sep 2012, 02:06 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    JAK

     

    http://huff.to/R5G1NS

     

    Spin it any way you would like..I am not alone...

     

    map
    4 Sep 2012, 10:55 PM Reply Like
  • SMaturin
    , contributor
    Comments (2100) | Send Message
     
    Here's a new angle on QE:

     

    http://bit.ly/PSr4gu

     

    Shall we all try a little Quantitative Eating to stimulate growth?
    31 Aug 2012, 02:28 PM Reply Like
  • DRich
    , contributor
    Comments (4429) | Send Message
     
    >SMaturin ... I read that. It is funny. I just keep wondering when TPTB will stop trying to make fun of a solution that hasn't been tried yet.
    31 Aug 2012, 02:43 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    Charts important points....we are near. Have to go one way or the other.
    http://bit.ly/RuFgZs
    31 Aug 2012, 03:02 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    We all need to write our congressman, this mortgage interest deduction is the only deduction most people have. It gets people a tax refund. The real estate mkt. will suffer if this goes through.
    It is just another way to tax the hell out of the working man so the 1%, the rich, and corporations do not have to pay their share.

     

    9:15 AM Now's the time to end the mortgage interest deduction, Amity Shlaes argues; the housing industry's old canard about such a move destroying the market doesn't hold much water - we're already there. People actually "might well invest more in houses than we imagine if, for once, they know what those houses are really worth." Comment! [U.S. Economy]
    1 Sep 2012, 09:28 AM Reply Like
  • D-inv
    , contributor
    Comments (3931) | Send Message
     
    "Now's the time to end the mortgage interest deduction, Amity Shlaes argues; the housing industry's old canard about such a move destroying the market doesn't hold much water - we're already there. People actually "might well invest more in houses than we imagine if, for once, they know what those houses are really worth."

     

    Yep, I'm sure all those people living in homes that are "underwater" mortgagewise would still be living there if those mortgage payments were rent payments and suitable housing was available elsewhere for less.
    1 Sep 2012, 09:51 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    10:45 AM The days of economic prosperity may well be behind us, warns Northwestern University's Robert Gordon. The robust economic growth over the past 250 years may be a unique success tale for the history books, but it's not sustainable for the future. Productivity and innovation, Gordon says will eventually succumb to the headwinds of declining demographic trends, gaps in the education system, rising income inequality, globalization, declining energy/environment resources, and of course, debt. 11 Comments [U.S. Economy]
    1 Sep 2012, 11:39 AM Reply Like
  • jhooper
    , contributor
    Comments (5328) | Send Message
     
    The Luddites and Malthusians have been preaching this doom and gloom for decade after decade after decade. We have no idea about the human capacity for creativity.
    2 Sep 2012, 06:03 PM Reply Like
  • JeffLeach1986
    , contributor
    Comments (229) | Send Message
     
    " The Luddites and Malthusians have been preaching this doom and gloom for decade after decade after decade. We have no idea about the human capacity for creativity."

     

    True. I have been painfully aware of that over the last year. Kick canning can go on indefinitely. Within our own country the kick canning can go on forever, at least until at some point inflation kicks in.

     

    At some point all countries have failed. How many countries/governments in the world have survived longer than the US? I suspect less than a handful. At some point the US will fail as well. The mechanics of this failure are already in place as summed up by the quote of Benjamin Franklin:

     

    "When the people find that they can vote themselves money, that will herald the end of the republic. Sell not liberty to purchase power."

     

    So we have so many different groups of individuals that are feeding at the trough at the hand of the Federal Government. Government entitlements are growing each year and it is political suicide to discuss with the voters touching some of these entitlements. So what happens is that we continue to elect those with false promises and create a larger deficit each year to pay for them. At some point cue the inflation and wipe out the middle class and retiree savings.

     

    I don't see a binding force that makes us all "Americans" anymore. The Americanization process that took place when immigrants came to the US is no longer present, but some type of opposite process now reigns. We have become bitterly polarized.

     

    I don't see a Luddite or Malthusian scenario unfolding. That is too black and white. But it feels like something is on the horizon. A country with no common values or ethics will not stand united. Things will fragment.
    3 Sep 2012, 05:32 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    Number of Venture capital funds down 66% now:
    http://on.mktw.net/TQ6Xh4
    3 Sep 2012, 05:06 AM Reply Like
  • D-inv
    , contributor
    Comments (3931) | Send Message
     
    Thanks for that reference, LT. I had not been aware of the extent of decline in VC funds. Interesting that new regulatory/reporting requirements on VCs was not mentioned. And by the time I got to page two I was wondering if the author would mention crowdsourcing and the potential competition that financing venue could pose in the wake of Jumpstart Our Business Startups Act of 2012.
    3 Sep 2012, 12:36 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    I wasn't aware of the decline either. I find that an interesting fact.

     

    I think there are many factors that caused this. Such as the .com bubble is over, and very difficult to compete with the big boyz now, and the social media (Facebook, Twitter, etc.) they just crowd into one space. Not to mention the wealth lost in '07-8-9.
    3 Sep 2012, 06:14 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    Don't know what this means, but I am long NOK

     

    8:00 AM An international research team that includes Nokia (NOK), Toshiba and university scientists are set to introduce a breakthrough quantum chip at the British Science Festival, which starts tomorrow. The chip will facilitate mobile phones that are far more secure and ultra-fast computers. The component is made from silicon and works on light: in theory, 100 photons could solve trillions of equations simultaneously. Comment! [Tech]
    3 Sep 2012, 09:03 AM Reply Like
  • D-inv
    , contributor
    Comments (3931) | Send Message
     
    "An international research team that includes Nokia (NOK), Toshiba and university scientists are set to introduce a breakthrough quantum chip...."

     

    That strikes me as really quite significant if it is anywhere near manufacture stage of development, but I may be too ignorant technologically to have a good grasp of the implications. ISM working with photons instead of electrons holds potential for greater energy efficiency (i.e. - lower energy storage requirements), need to rework computer code, and increased demand for photonic gateway devices for starters.
    3 Sep 2012, 12:45 PM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    I doubt this would be going on if a Greece exit is not eminent:

     

    10:15 AM Apparently it has been the summer of Grexit planning for major U.S. firms. A NYT report has Bank of America considering a scenario where trucks filled with cash would be sent over the Greek border to let clients pay local employees, while JPMorgan is creating a handful of holding accounts reserved for a new drachma or alternative currency. More doomsday planning here. Comment! [Global & FX]
    3 Sep 2012, 10:17 AM Reply Like
  • Stilldazed
    , contributor
    Comments (2097) | Send Message
     
    PMs on a tear while NY is closed. Hope this continues a little longer, we're over due for a run.
    3 Sep 2012, 11:16 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message