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  • Wall Street Breakfast: Must-Know News [View article]
    CNBC's breakfast menu consisted of John Calipari plugging a book and auto industry shill Phil LeBeau drooling over new models at the Car Show. Then Joe the Entertainer teased Andrew Ross Sorkin about calling him "Drew" and then Joe the Entertainer almost fell asleep when a guest decided to talk about something that didn't involve Joe the Entertainer. "Squawk Box" is striving to become "The View-Lite" and, in my book, succeeding on all counts.
    Apr 16 09:17 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I think the administration---the Obama administration not the McCain administration---is playing it smart. Why bluster and tell Putin what you're going to do. Let him and, more importantly, his billionaire buddies wonder.
    Apr 15 10:37 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    As a nation we have an overabundance of casual dining outlets, fast food restaurants, department stores, malls ... and .... and, with more opening every day. There's gotta be a shakeout as people start to realize they need to cut back from eating out ten times a week to nine and they realize 35 pairs of jeans is probably enough.
    Apr 11 08:17 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The numerous financial calamities of my lifetime---S&L, Long Term Capital, 2008, to name a few---have the banks figuring prominently in the drama. I don't recall a financial crisis prompted by John Deere or P&G. As an investor I have plenty of non-financial places to park my money so if the government wants to keep watchful eye [good luck] on the financials I guess I won't be too upset.
    Apr 9 07:15 AM | 14 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Speaking of business reporting, the journalist/comedians on CNBC --- never late to the party them --- were discussing something called High Frequency Trading this morning on the inane "Squawk" offering. It's never came up over the last decade of finding out what a million dollar house in Tacoma looks like. Then some kid from RBC went on "60 Minutes." We decide, you report.
    Apr 7 08:25 AM | 5 Likes Like |Link to Comment
  • Book Review: 'Flash Boys' By Michael Lewis [View article]
    HFT? See carried interest and he uptick rule. How many centuries would we have to wait for all those crack journalists at CNBC to do a story on this? They prefer "BREAKING NEWS" (Carl Icahn just left for lunch) and "What does $1,000,000 get you for a house in Tacoma?"
    Apr 5 11:14 AM | 1 Like Like |Link to Comment
  • Who Really Wants To Be A Banker These Days? [View article]
    There are 7000 banks in the USA today, not counting VISA, home equity lines, the mob and other sources of credit. Do we have the management talent to run 7000 banks, and do we have enough quality business (they all chase the same "high net worth individuals," it would appear) to sustain 7000 banks?

    I say 'no' which then suggests banks are prone to cut some corners and take some [unnecessary?} risks in order to generate profits and survive. As a former NY money center bank officer, I'm not that upset about the gov't keeping tabs on the banks. As an investor I can go somewhere else for returns and each financial calamity seems to involves our friends in "financial services."
    Apr 5 11:10 AM | 3 Likes Like |Link to Comment
  • McDonald's Tasty Shareholder Yield [View article]
    Would add that small town McDonald's have, in my opinion, enjoyed an upgrade in staff as---for a high school kid or a grad not going on to college or someone looking for a second income---suddenly McD's is a pretty good gig. Once "the plant" left these sad towns, there ain't much else left.
    Apr 5 11:03 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Wasn't "mandatory" (not unlike car insurance?) a bone tossed to the Self-Reliance Crowd by the right-leaning Heritage Foundation, a bone later gobbled up by Willard R in Massachusetts. This was a-okay with the Right until Guess Who adopted it and then we all know what happens when Guess Who endorses something ...
    Apr 3 08:36 AM | 7 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Shadow President McCain is pulling USA troops out of Egypt, Syria and Libya--- and replacing them with the Idaho National Guard---as he, Lindsay G and a gaggle of Chickenhawks muster troops in Eastern Europe and Venezuela. McCain, who, when confronted with statesman JD Hayworth, managed to renege on every principle he ever espoused, will be the only guest on all 14 Sunday morning shows as he decries the [left-wing] "media" including Rush L, Drudge, FOX and the Wall Street Journal.
    Mar 21 10:04 AM | 2 Likes Like |Link to Comment
  • Herbalife - The Fractal Nature Of Failure [View article]
    I've read the folks who follow this "business model," Amway, Mary Kay, et.al, I guess, have spend lavishly in Congress over the years and our elected officials haven't messed with them too much, haven't asked too many questions.
    Mar 20 07:51 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Jack Welch is hawking on-line MBAs at the Jack Welch Institute at Strayer University. GE used to own CNBC so the CNBC old-timers have 401(k)s larded to the gills with GE stock at $60/share, as they will remind you of from time to time.
    Mar 18 11:27 AM | 1 Like Like |Link to Comment
  • GE may be next activist target, Gasparino says [View news story]
    I'd own just in case they spin-off or sell the medical device business.
    Mar 18 11:18 AM | Likes Like |Link to Comment
  • GE may be next activist target, Gasparino says [View news story]
    Under the "always better to leave the party a little too early rather than a little too late" maxim, management wizard Jack Welch is now hawking on-line MBAs from the Jack Welch Institute at Strayer University. (Strayer is seeded #8 in the West, I think?) That Welch name makes any resume sparkle. GE used to own CNBC and I always enjoyed the late Mark Haines and others grousing about their 401(k)s which were larded to the gills with $60/sh. GE stock. May buy GE just in case they spin off off or sell the medical device arm.
    Mar 18 09:08 AM | Likes Like |Link to Comment
  • Healthcare REIT: A Great Income Investment Despite Seemingly Mediocre Results [View article]
    As a 62 year-old Boomer I know all too well the "pricing power" that private pay facilities enjoy----a power one is content to tolerate, provided one has the financial resources. Choices, depending on the market, don't often abound. Much like Time Warner Cable these facilities raise rates whenever they feel like it and who says there's no U.S. inflation? Not uncommon for folks to be out-of-pocket between $4000 and $8000 a month. An "old" pension + Social Security can cover in many cases but, ten years from now, that'll be quite a bite for families to absorb. Would love to see the book sometimes as they don't pay their often stellar aides---the ones who care for your mother---not much at all.
    Mar 17 09:22 AM | 2 Likes Like |Link to Comment
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