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Common Guy

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  • Shots fired. Some digging around turns up recent comments from Larry Summers in which he was dismissive of QE's effectiveness and suggested he might tighten policy ahead of when a Bernanke or Yellen-led Fed might. "If we have slow growth, we are not going to keep thinking that 5.5% UE is normal ... that is going to operate in favor of suggesting that we should normalize interest rates (sooner) ... I think the market is underestimating the pace at which the Fed will alter its current course and the consequences of that for interest rates." It's reportedly down to Summers and Janet Yellen to replace Bernanke atop the Fed. [View news story]
    If Austrian Economics was the panacea why the hell did Chile economy collapsed, poverty surged, corruption increased, criminal rates melted up to record highs and the pensions trusts of people were raided after the gang of the Chicago Boys led by Milton implemented it?

    Jul 27 03:07 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Nah...the biggest problem of China is having 1B people on a land mass lacking abundant natural resources....
    Jul 26 02:34 PM | 2 Likes Like |Link to Comment
  • Shots fired. Some digging around turns up recent comments from Larry Summers in which he was dismissive of QE's effectiveness and suggested he might tighten policy ahead of when a Bernanke or Yellen-led Fed might. "If we have slow growth, we are not going to keep thinking that 5.5% UE is normal ... that is going to operate in favor of suggesting that we should normalize interest rates (sooner) ... I think the market is underestimating the pace at which the Fed will alter its current course and the consequences of that for interest rates." It's reportedly down to Summers and Janet Yellen to replace Bernanke atop the Fed. [View news story]
    "Deficits don't matter"....the illustrious Dick Cheney......
    Jul 25 03:41 PM | 1 Like Like |Link to Comment
  • Treasury prices (TLT -1.6%) add to losses following the 5-year note auction and a pretty middling bid-to-cover ratio. The 10-year yield is up 11 bps to 2.61% in its worst session since the June employment report, and it's starting to take effect on the major stock market averages. The Dow (DIA -0.5%) and the S&P 500 (SPY -0.5%). The Nasdaq 100 (QQQ +0.2%) clings on to a small gain, courtesy of Apple. [View news story]
    LOL!
    Jul 24 03:22 PM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 28............  [View instapost]
    IT, that's a diffusion index, beware of short term swings.
    Jul 23 05:28 PM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 28............  [View instapost]
    GS provides a lot of grease that maintains the political machine....
    Jul 23 08:32 AM | 1 Like Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 28............  [View instapost]
    Anyone saw MCD earnings call? Interesting comments about being "challenged" through the year.
    Jul 22 11:26 PM | Likes Like |Link to Comment
  • Detroit pulls the plug and files for Chapter 9 bankruptcy after emergency manager Kevyn Orr fails to a cut a deal with creditors. The city becomes the largest in U.S. history to file for bankruptcy. A few stocks trading lower on the news: MBI -15%, RDN -0.2%, MTG -1%, F -0.7%, GM -0.7%, MUNI -0.3%, PZA -0.5%, ITM -0.3%, HYD -0.8%[View news story]
    Time for the parasites and vultures that we call in this modern day lawyers to reap all they can.

    The biggest problem for these municipalities are the outrageous pension payments.
    Jul 18 08:56 PM | 4 Likes Like |Link to Comment
  • IBM (IBM): Q2 EPS of $3.91 beats by $0.14. Revenue of $24.92B (-4.2% Y/Y) misses by $450M. $1B restructuring charge recorded. Expects 2013 EPS (exc. restructuring charge) of at least $16.90, above consensus of $16.64 and prior guidance of $16.70. Shares +3.6% AH. CC at 4:30PM ET (webcast). (PR[View news story]
    So Elvis is alive too?
    Jul 17 08:40 PM | 2 Likes Like |Link to Comment
  • Coca-Cola (KO -1.5%) investors are "likely to demand more confidence around competition and obesity issues in KO's key markets" following the soft drink giant's Q2 revenue miss, even if weather and macro issues took a toll, says Goldman's Judy Hong, reiterating a Neutral. Total volume growth of 1% Y/Y, hurt by a 4% drop in Europe, was below Goldman's 3% forecast. Also, North American volumes (-1%) fell for the first time since Q1 '10. Eurasia & Africa was a strong point (+9%), as were still beverages (+4% exc. acquisitions, includes juices, teas, and water). Shares have bounced a little from their morning lows. [View news story]
    On PSA....Nothing is more profitable than cutting the nose to spite the face...lol!
    Jul 16 01:22 PM | Likes Like |Link to Comment
  • The powerful rally we've seen in stocks this year still hasn't lit a fire under the retail investor, with a recent Gallup survey showing that mom and pop have been not been big beneficiaries of the S&P 500'd nearly 18% surge in 2013 to a succession of record highs. Nearly 54% of retail investors told Gallup they've benefited only "a little" or "not at all" from the recent market rally. And they're perfectly OK with that. While missing the big gains, what's more important is that feel that as long as they're not losing money, they're on top. [View news story]
    We should have a recession around late 2014 to early 2015. Meanwhile the market could keep going up....
    Jul 15 09:33 PM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 24............  [View instapost]
    What impressed me was the spending level, much lower than expected.
    Jul 11 08:24 PM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 24............  [View instapost]
    Wow! Huge surplus in the federal government more than $100B surplus in June. Highest ever on record! Astounding!
    Jul 11 03:05 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    When do people are going to understand that oil is finite and that we need to move to other energy sources before is too late?

    Deficit spending, taking massive debt to maintain consumer spending on unproductive assets like houses isn't going to make it. The government could have been investing in a smart grid, efficient infrastructure and bountiful nuclear energy. But it is not, it continues to spend huge massive amounts of money in welfare.
    Jul 10 09:42 AM | 2 Likes Like |Link to Comment
  • Why Oil Is $100 Per Barrel Despite Booming American Oil Production [View article]
    It appears Saudi Arabia is having huge problems maintaining pressure levels on the oil fields. Could production be peaking?Well who knows, as Saudi Arabia has been very secretive about it.

    By the way, the booming US oil production is a drop of water in a ocean at the moment.
    Jul 10 09:01 AM | 4 Likes Like |Link to Comment
COMMENTS STATS
79 Comments
145 Likes