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Losing Paper While Gaining Money

Losing Paper While Gaining Money
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  • Germany and France will this week formulate the details of a "shock and awe" plan that includes upping the eurozone bailout fund to €2T ($2.8T) from €440B, The Daily Telegraph reports. The program also includes recapitalizing the banks with €100B-€200B and a plan for Greece in which the private sector will takes losses of up to 50%.  [View news story]
    In a few years when all this washes through the system, prices have skyrocketed, more revolutions have happened and the honest people who did save have had the value of savings wiped out to look after the banks and the idiots up to their necks in debts, those younger than us will ask "but how did people let it happen?"

    Too many idiots with too much power. Both at the ballot box and in the centres of power.
    Oct 16 11:37 AM | 8 Likes Like |Link to Comment
  • The New York City Employees' Retirement System becomes the third pension fund to sell its stake in gun makers Sturm Ruger (RGR -0.8%) and Smith & Wessen (SWHC -0.3%) following the nightmarish school shooting in Connecticut. CalSTRS and New York's Teacher's Retirement System sold their shares in January and February respectively. Comptroller John Liu says the company's products "tear apart families and shatter communities." ( Reuters[View news story]
    I like how they sold it when it was at $51 rather than when it was significantly lower immediately after the shooting.
    May 8 01:52 PM | 7 Likes Like |Link to Comment
  • Exchanges investigate mistaken orders from Goldman [View news story]
    "Many of the trades are likely to be cancelled."

    Why? Why don't they have to eat the loss? (Besides them being GS of course)
    Aug 20 04:49 PM | 6 Likes Like |Link to Comment
  • U.S. District Judge Lucy Koh has granted Apple (AAPL) a preliminary injunction on U.S. sales of Samsung's (SSNLF.PK) Galaxy Nexus phone, which it co-developed with Google (GOOG). The ruling comes two days after a preliminary injunction was granted on sales of Samsung's Galaxy Tab 10.1. A recent William Blair report claimed the Galaxy Nexus has been Verizon's #3 phone in June. An Apple patent covering unified voice and text search drew the injunction.  [View news story]
    Apple is the little guy? You have a strange definition of little. :)
    Jun 29 08:03 PM | 6 Likes Like |Link to Comment
  • Research In Motion (RIMM) might hawk its BlackBerry business to Amazon (AMZN) or Facebook (FB); sell or open up its messaging systems to Apple (AAPL) or Google (GOOG); or keep the company whole and sell a large stake to Microsoft (MSFT), Sunday Times says ($$). For now, keep an eye on Q1 earnings this week.  [View news story]
    Also, it's rumoured Jesus is considering buying RIM.

    People are just making stuff up now.
    Jun 24 06:38 PM | 6 Likes Like |Link to Comment
  • 46% of corporations now issue Macs to workers, estimates Forrester, more evidence of how corporate America has come to embrace Apple (AAPL) hardware. 25% of Cisco's 63,870 employees now use Macs, says CIO Rebecca Jacoby, though she adds their higher cost has resulted in Cisco requiring Mac users to partly rely on each for tech support. (also)  [View news story]
    Liked for the use of sarcasm.
    Apr 4 07:32 PM | 6 Likes Like |Link to Comment
  • Today's mobile ecosystem wars bear similarity to the 1990s operating system wars which, like now, had a "winner-take-all flavor," writes Holman Jenkins. Netscape and antitrust regulators changed all of that - could Apple's (AAPL) cloud move (and again antitrust) do the same? "The future may be friendlier to Blackberry (RIMM), Nokia (NOK), and Windows Phone (MSFT) than it now appears."  [View news story]
    Erm... Netscape had a lead over Microsoft and blew it by developing slow and unstable browsers.
    Anti-trust changed nothing, it was Firefox and later Chrome which forced IE to develop to standards.
    Why does the current not mention Android, which has far more market share in new phones sold than any of the others, including Apple?
    Android even runs on top of an operating system built in the 90s, Linux, which along with Apple still exists now.

    This entire current is way off the mark, and given there's a paywall on it's hard to know if it's SA or if it's the original article.
    Jan 7 06:29 PM | 6 Likes Like |Link to Comment
  • Europe needs growth to get out of its mess, says Vanguard's Jonathan Lemco. However, you can't spur growth without confidence, and right now it's at a two-year low. The ECB is central to rebuilding that confidence, and one way to start would be to start buying the debt of peripheral countries in the secondary markets - despite German opposition. (video)  [View news story]
    I agreed with you up until you said educations should be paid for:
    Jan 7 12:09 AM | 6 Likes Like |Link to Comment
  • Why Gold Is Not A Safe Haven [View article]
    If you're buying it on margin you're not really buying Gold. You're buying paper Gold. Not worth what it's written on.
    Nov 18 03:52 AM | 6 Likes Like |Link to Comment
  • All the anti-government rhetoric has made us forget just how much the government has done to improve our lives, MarketWatch's Rex Nutting writes. From the Golden Spike to, literally, the moon, he says much of what makes America great could never have been delivered solely through private enterprise.  [View news story]
    Going to the moon was a scientific achievement but was a waste of money. All the supposed benefits would likely have been found in other ways. It was nothing more than a political p1ssing match. Imagine how much better that money could have been spent.
    Sep 27 06:32 PM | 6 Likes Like |Link to Comment
  • Obama outlines an ambitious plan: $170B in payroll tax relief for workers and their employers, $194B for an extension of jobless benefits, a $105B investment to rebuild roads, bridges and other crumbling infrastructure, plus $35B to help states prevent further layoffs of teachers and law enforcement - all to be paid for through the existing $1T budget cut put through Congress last month.  [View news story]
    Can someone explain to me how a 1trillion cut in spending results in him being able to pay for half a trillion dollars worth of spending? Does this mean there's only a cut of half a trillion?

    meh, doesn't matter. Going bust either way.
    Sep 8 08:27 PM | 6 Likes Like |Link to Comment
  • HTC phones don't infringe on four Apple (AAPL) patents related to touchscreen technology, and three of those Apple patents are invalid, according to U.K. Judge Christopher Floyd. The patents in the case were: slide-to-unlock feature, tools to scroll through photographs and change alphabets, and functionality to touch the screen in two spots simultaneously. It's not an insignificant defeat for Apple.  [View news story]
    The US constitution also had protection for slave owners. Some things should never have been in there. The good parts have been completely ignored.

    I, as an investor, want the best technology from the best companies. This provides the greatest means of gains as companies come and go. Keeping one company at the top of the stock market because they've managed to patent more than their competition rather than compete in their product is not good for anyone, investor or consumer.
    Jul 4 02:15 PM | 5 Likes Like |Link to Comment
  • The Slippery Slope Of Silver [View article]
    Back when silver "slumped" you couldn't get your hands on the physical for anywhere near the spot price. It was not to be found anywhere.

    People went to other currencies for liquidity, because they found them safer than stocks. That belief isn't as strong now. The Swiss Franc is not a safe haven, the US Dollar's not a safe haven, the Yen's not a safe haven. What does that leave?
    Oct 24 11:00 AM | 5 Likes Like |Link to Comment
  • A credit union VP sums up the ongoing deleveraging of the U.S. consumer: "Folks aren't borrowing. They are paying down debt and continuing to save." Since January, 12% of its mortgage customers have made at least $1,500 in extra payments. Historically, post-crisis deleveraging has been long and painful.  [View news story]
    This is great. You don't solve a problem of debt with more debt.

    Sadly, when the banks struggle because the growth in debt they need to happen in order to exist drops off, those same responsible people will get screwed in more bailouts.

    Just can't win.
    Oct 22 05:00 PM | 5 Likes Like |Link to Comment
  • We need to start hiking interest rates, and stop trying to reflate a consumption bubble, says Peter Schiff. Low rates are just prolonging an economy that’s not built on production, but on lending “to governments and college students.” Bonds, he adds, are in a bubble, dependent upon buying from central banks and “speculators who flip them like condos.”  [View news story]
    Buddy Canuspare, what do you think will happen if this continues as it is?

    I think there won't be an unemployment line, but it won't be because there's full unemployment, it'll be because the government gets so indebted to the point that there's no one willing to buy the government's debt to pay the welfare for all those newly unemployed govt workers, contractors, soldiers, police, and bubble-created former financial, defense and real estate employees. It can not be paid otherwise, even 100% taxes on the people who are employed now.

    This is a far far worse situation to be in than continuing in the current path that governments and economists have us. Take the pain now or take a greater pain later.

    The world didn't take the pain of the tech bubble pop thanks to Greenspan's lower interest rates, so we got an even greater bubble in the real estate industry, and we're now looking at an even greater bubble in bonds. "Interesting" times ahead.
    Sep 12 10:18 PM | 5 Likes Like |Link to Comment