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Johann Galt

Johann Galt
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  • Wall Street Breakfast: Must-Know News [View article]
    Michael:

    In Germany, there is no tax break for home ownership, but a big one for rental property. Thus, there is no incentive to sell property, resulting in a concentrated property ownership. Most Germans rent, is my understanding.
    Apr 10 10:10 AM | 3 Likes Like |Link to Comment
  • House Budget Committee Chairman Paul Ryan calls his latest budget proposal "an invitation to the president of the United States, to the Senate Democrats to come together to fix these problems." Democratic Representative Chris Van Hollen says it's a "total uncompromising" blueprint and dead on arrival. Hollen adds a warning to the markets as well, noting that despite the healthy performance of stocks recently, the impact from another stalemate will likely reverse those gains very quickly. [View news story]
    And to all of this criticism, the alternative? Oh, that's right, it's coming . . . so we're told.
    Mar 12 09:52 PM | 1 Like Like |Link to Comment
  • Never, ever is a very, very long time.
    Mar 8 12:44 PM | Likes Like |Link to Comment
  • Electric Vehicle Roundup: 1) Chevrolet Volt (GM) sales continue to fluctuate wildly, up 59% Y/Y and 43% M/M in Feb. to easily beat sales on Toyota's (TM) Prius. 2) Look for Ford (F) to include sales numbers on the Fusion Energi as the model hits dealerships this month. 3) Nissan (NSANY.OB) sold 636 Leafs in the U.S., +36.6 Y/Y, flat M/M, just ahead of the unveiling of a new model. 4) In Scotland, politicians issue campaign promises to install an EV charging point every 50 miles. 5) Tesla Motors (TSLA) trades in the mid-$30s post-earnings. On tap: Will revenue cover payments on a DOE loan and production costs or will Elon Musk need to float more stock? [View news story]
    The high end Tesla is over $100,000. So much for relatively cheap.
    Mar 4 10:34 AM | Likes Like |Link to Comment
  • Electric Vehicle Roundup: 1) Chevrolet Volt (GM) sales continue to fluctuate wildly, up 59% Y/Y and 43% M/M in Feb. to easily beat sales on Toyota's (TM) Prius. 2) Look for Ford (F) to include sales numbers on the Fusion Energi as the model hits dealerships this month. 3) Nissan (NSANY.OB) sold 636 Leafs in the U.S., +36.6 Y/Y, flat M/M, just ahead of the unveiling of a new model. 4) In Scotland, politicians issue campaign promises to install an EV charging point every 50 miles. 5) Tesla Motors (TSLA) trades in the mid-$30s post-earnings. On tap: Will revenue cover payments on a DOE loan and production costs or will Elon Musk need to float more stock? [View news story]
    Yeah, at $52k a pop, it's gonna make a real difference.
    Mar 2 01:47 PM | 8 Likes Like |Link to Comment
  • Apple (AAPL) has withdrawn proposal #2, preferred stock shareholder voting requirement and all, in response to the injunction placed earlier today at Greenlight Capital/David Einhorn's request. Apple: "We are disappointed with the court’s ruling. Proposal #2 is part of our efforts to further enhance corporate governance and serve our shareholders’ best interests." Greenlight on the injunction: "This is a significant win for all Apple shareholders and for good corporate governance." (court ruling[View news story]
    Has Apple ever won any court cases? Seems like everytime I hear about Apple and litigation its an explanation of how they got spanked in court.
    Feb 22 09:47 PM | Likes Like |Link to Comment
  • February Philly Fed Business Outlook: -12.5 vs. +1.0 expected, -5.8 previous. [View news story]
    It's Hurricane Sandy related. I'm sure.
    Feb 21 10:08 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    This isn't breaking news- the Chinese have been doing this for years, and it is/was well known. But they pay the bills here, so what's a little sovereignty loss?
    Feb 19 09:11 AM | 3 Likes Like |Link to Comment
  • Why Steve Jobs' Big Blunder Is Starting To Cost Apple [View article]
    methinks the rumours of Apple's death are greatly exaggerated . . .
    Feb 13 09:03 PM | 10 Likes Like |Link to Comment
  • Despite nearly 11M borrowers being underwater on their mortgages, home equity lines of credit are suddenly on the rise again. During the housing boom, Americans used their homes like an ATM, withdrawing over $1T in home equity before the bubble burst. JPMorgan Chase says they've already seen a 31% jump in HELOC's over last year, and with home prices up another 8% year-over-year in December, the trend appears likely to continue unabated. [View news story]
    Ag:

    Having never looked into one, I didn't know that. It would appear then, that many of my childhood cohorts, who refinanced for money out instead of a lower payment, have really dug a hole for themselves.

    Thanks!
    Feb 11 09:14 AM | Likes Like |Link to Comment
  • Despite nearly 11M borrowers being underwater on their mortgages, home equity lines of credit are suddenly on the rise again. During the housing boom, Americans used their homes like an ATM, withdrawing over $1T in home equity before the bubble burst. JPMorgan Chase says they've already seen a 31% jump in HELOC's over last year, and with home prices up another 8% year-over-year in December, the trend appears likely to continue unabated. [View news story]
    Would it not be prudent for a homeowner to take a HELOC at a relatively low interest rate if one truly believes we are to embark on a period of higher inflation? (assuming the excess cash is used wisely, and not wasted on depreciating assets).
    Feb 9 02:10 PM | 2 Likes Like |Link to Comment
  • "Apple absolutely has to make an iPhone with a bigger screen," iPhone 5 owner Henry Blodget declares. While Apple (AAPL +0.1%) insists on using relatively small display sizes to guarantee effective one-handed iPhone use, devices such as Samsung's Galaxy S III (4.8" display) make the iPhone 5 look "puny and sad in comparison."  The iPhone 5's display size doesn't seem to be affecting its U.S. position much, as Strategy Analytics' numbers demonstrate, but international markets appear to be a different story. [View news story]
    Let me guess- no room?
    Feb 1 02:50 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    EA:

    I don't understand what most of the above acronyms are . . . but I do have a working comprehension of the use of a period.
    Jan 29 01:18 PM | 2 Likes Like |Link to Comment
  • President Obama is likely to approve a GOP proposal to suspend the debt ceiling until May 19, which has the backing of Senate Majority Leader Harry Reid as well. The House is due to vote on the measure today, with the bill also requiring both chambers to pass budgets by April 15; if they don't members' salaries would be withheld. [View news story]
    Sure, there'll be history books. But they will tell us what a great 8 years Obama had, and how he orchestrated a Great Leap Forward in the holy name of "progress."

    And we'll have plenty of time to read it in the food line.
    Jan 23 08:58 AM | 1 Like Like |Link to Comment
  • Fitch warns that the "age bomb" in developed countries, including the U.S., will exacerbate indebtedness and could hurt credit ratings unless governments enact labor and pension reforms. European countries are particularly at risk, although "recent reforms in Portugal, Italy and Greece have effectively neutralized the long-term impact of aging on public finances." (Fitch report[View news story]
    agreed
    Jan 21 12:21 PM | 1 Like Like |Link to Comment
COMMENTS STATS
235 Comments
546 Likes