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  • Wall Street Breakfast: Greece On Verge Of Default [View article]
    If we ever hope to reduce our government spending and deficits (good luck) there are thousands of entities like the Import-Export Bank which will have to go. Good luck. When a prominent presidential candidate was the county commisioner of the county I lived in, he decided he was going to trim the payroll at the Parks Dept. The first person he went to replace was the widow of Officer Jones, slain on duty. The second person was the niece of Archbishop So-and-So and number three was connected to a wealthy donor. He gave up and later decided it was easier to take on municipal unions. Shrinking government is difficult.
    Jun 30, 2015. 08:02 AM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: Greek Crisis Batters Markets Worldwide [View article]
    Haven't read much about the Keystone Pipeline lately, the demise of which was supposed to foretell the end of life as we know it.
    Jun 29, 2015. 09:19 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Throw China A Life Preserver [View article]
    Unwilling to let the SCOTUS grab all the limelight, our politicians, media and citizens are also tackling the key issues that will shape the country for the next decades. Those would include: vaccines; why would a White woman pose as black and lead the NAACP; should ladies by allowed to wear confederate flag halter tops at NASCAR events; does your phone get good reception while watching "Mad Men" in the men's room at the airport; just what does Jordan Spieth mean to UA and the USA?
    Jun 26, 2015. 08:25 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Greek Creditors Give Tsipras Ultimatum [View article]
    Another "surprise, surprise." JPM in talks to settle a case with, in this instance, the SEC over, in this case, some questionable practices in private banking. Within the bank this is known as Trouble Spot #625 and it's being handled by Legal Battalion #49.
    Jun 25, 2015. 08:11 AM | 4 Likes Like |Link to Comment
  • JPMorgan's Layoffs Add Value Without Damaging The Business [View article]
    Former JPM officer: I do business with a large (non-JPM) institution; a well-known, Ohio-based regional and a "local" bank which covers about 1/3 of Ohio. The regional just announced it's closing 100 branches which is not news because their branches are just acres of empty offices; and if you want "service" (in my case involving trusts and estates) you sit patiently while the one officer on duty calls headquarters and waits on hold-----just like they wish you would do. The "local" bank RUNS CIRCLES around the regional in terms of systems, breadth of reporting and, most importantly, access to human beings who can, and are happy to, assist.
    Jun 24, 2015. 08:54 AM | 1 Like Like |Link to Comment
  • Recent Buy - Ventas Inc. [View article]
    I buy with each $2 dip. At some point these shares will bottom out (when the "yield crowd" thins out) and then things could get interesting. I think there are significant barriers to entry in this segment; so, as the Boomers age, significant advantages accrue to those already in the game.
    Jun 24, 2015. 08:30 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Ahold, Delhaize Confirm €26B Mega-Merger [View article]
    Speaking of rising prices, my home owners insurance is up 70% in four years. When I wrote to the agent she offered "inflation" [sic] as the main culprit followed by "the company has increased its prices." Took awhile but I think she nailed it.
    Jun 24, 2015. 08:17 AM | 5 Likes Like |Link to Comment
  • GE's Plan To Increase Margins [View article]
    I owe health care ETFs that can go (or down) 2% in a day. I also own GE which, on a big up DJIA day, will skyrocket $.04. Guess you need them both to make a portfolio.
    Jun 23, 2015. 07:52 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Eurozone Economy Weathers Greek Storm [View article]
    Aren't we about due for another Carlini Boat Marina in Racine WI pulse-of-the-economy report? In Sandusky OH, the middle class boat basin is clearly not as full but this weekend I went to the Marblehead Area and there's no room at the inn for giant, upper end yachts. p.s. Perhaps we could send Taylor Swift to the EU/Greece negotiations. She seems to have a knack for getting things done.
    Jun 23, 2015. 07:47 AM | 8 Likes Like |Link to Comment
  • JPMorgan A Buy, Big Banks Are A Buy, And Don't Fret Over Interest Rates [View article]
    There's someting between the downtown city and the out there suburbs. Many cities have affordable housing (for sale) in an urban setting. If you run the numbers the Millenials would be advised, if they so choose, and for purely economical reasons (which it's likely they don't care about---I didn't), to purchase a modest home versus renting. Lack of down payment and student loan balances are big factors here too.
    Jun 22, 2015. 09:01 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Stocks Soar On Greek Hopes [View article]
    If you think the GOP ran for the hills on immigration just wait until it's their turn to come up with a health care plan.
    Jun 22, 2015. 08:46 AM | 7 Likes Like |Link to Comment
  • XLE: Oil May Not Remain Range Bound For Long [View article]
    "Republican control of Congress." Odd that a GOP-controlled Congress can't pass a trade bill. If SCOTUS strikes down some of Obamacare all eyes will turn to Mitch and John. What is their alternative? We know they won't touch immigration but how about taxes? Seems like the GOP Congress has gotten off to a very slow start.
    Jun 20, 2015. 09:24 AM | Likes Like |Link to Comment
  • Hold Off Investing Into General Dynamics, An Arms Producer [View article]
    The more GOP candidates in the field the more hawkish each candidate will become. If you were a Hawk 3, you'll become a Hawk 4; and if you were a Hawk 8, you'll become Lindsay Graham II. Our reluctance to commit troops to various hot spots will increase the need for military gizmos. Got in GD at $58 during sequester nonsense but was very late to the LMT party.
    Jun 18, 2015. 09:55 AM | 1 Like Like |Link to Comment
  • After A Recent 20% Pullback, Health Care REIT May Be Ready To Rise [View article]
    Jasknicks---What was the stat the other day? How many new millionaires in the USA? The sweet spot---and, trust me, I have the check stubs to prove it---is assisted living which is self-pay. To suggest that these assisted living facilities enjoy "pricing power" is an understatement to top all. I don't see a lot of new facilities being built and I also believe there are significant barriers to entry which favors those already in the game. These companies, while not exclusively self-pay, are nicely weighted in that direction.
    Jun 18, 2015. 09:35 AM | Likes Like |Link to Comment
  • Buy General Electric Today [View article]
    $60 > $13 > $28 will lead to plenty of dramatic +/- swings depending on when you bought. The CNBC crowd owns GE at $60 in their 401(k)s so let's ask them. Accusing a CEO of a cozy relationship with Obama is about the worst thing one can say about a person (just ask Jeffrey I's father); as I recall, the president asked Jeffrey I to lead a jobs task force which didn't come up with much. I guess JI should have done the patriotic thing and told the POTUS to shove it?
    Jun 18, 2015. 09:22 AM | Likes Like |Link to Comment