Seeking Alpha

Johann Galt

Johann Galt
Send Message
View as an RSS Feed
View Johann Galt's Comments BY TICKER:
Latest  |  Highest rated
  • The House will vote on the unamended Senate bill at 9 PM ET, reports CNN's Dana Bash. Any attempt to alter the bill by adding spending cuts has reportedly been abandoned for now. Update at 9:10: The vote has been pushed back to 11 PM ET. [View news story]
    rs:

    We need more "foreigners from a socialist country" to slap us into some sense of reality.
    Jan 1 10:35 PM | Likes Like |Link to Comment
  • Agreement has been reached on all tax issues, says Senate Minority Leader McConnell, speaking on the Senate floor. Stocks move to session highs, the S&P 500 +1.5%[View news story]
    cstauffer:

    Good point. The deficit almost got to one trillion dollars in 2012, down from 1.4 trillion in 2009.

    Of course, the deficit in 2008 was 458 billion, and in 2007-- 161 billion.

    No matter, the point is the deficit has decreased since 2009. At this rate, we'll be back to 2008 standards by . . . 2016? Only 8 years! Assuming everything I've assumed is correct.
    Dec 31 03:43 PM | 2 Likes Like |Link to Comment
  • House Republicans won't bring their "Plan B" tax-cut proposal to a vote tonight, as Speaker John Boehner says he doesn't have the votes; the House will recess until after Christmas. DJIA futures slip 0.2%. Boehner: "Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff." Updated: S&P 500 e-Mini futures dive, limit down. [View news story]
    ok, as a christmas gift to you- some education. Fascism=national socialism. Now for the rhetorical question: on the spectrum of political ideology, how close does the tea party movement come to socialism?
    Dec 21 08:31 PM | 1 Like Like |Link to Comment
  • House Republicans won't bring their "Plan B" tax-cut proposal to a vote tonight, as Speaker John Boehner says he doesn't have the votes; the House will recess until after Christmas. DJIA futures slip 0.2%. Boehner: "Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff." Updated: S&P 500 e-Mini futures dive, limit down. [View news story]
    Jimbo- you really should have an idea of what ideology a fascist follows before you spout off.
    Dec 21 08:32 AM | 2 Likes Like |Link to Comment
  • House Republicans won't bring their "Plan B" tax-cut proposal to a vote tonight, as Speaker John Boehner says he doesn't have the votes; the House will recess until after Christmas. DJIA futures slip 0.2%. Boehner: "Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff." Updated: S&P 500 e-Mini futures dive, limit down. [View news story]
    yeah those "tea party" folks and their "we need to spend less" are just crazy gun totin' bible beaters. The president's plan, apparently to spend our way out of debt is clearly the more rational.
    Dec 20 09:10 PM | 15 Likes Like |Link to Comment
  • In the wake of the recent school tragedy in Connecticut, California Treasurer Bill Lockyer is proposing that CalPERS and CalSTRS, the state's two public pension funds, divest themselves of gun makers. "I want BlackRock (BLK), I want Credit Suisse (CS), I want everyone else to know that we're going to use our economic leverage if it's up to me, and I hope other private investors will do the same thing," Lockyer says. "They (the gun-makers) ought to feel the economic consequences of their bad behavior." [View news story]
    Budget surplus? Big. Fat. Chance. Wish there was a future I could short on that one.
    Dec 20 09:56 AM | 3 Likes Like |Link to Comment
  • In the wake of the recent school tragedy in Connecticut, California Treasurer Bill Lockyer is proposing that CalPERS and CalSTRS, the state's two public pension funds, divest themselves of gun makers. "I want BlackRock (BLK), I want Credit Suisse (CS), I want everyone else to know that we're going to use our economic leverage if it's up to me, and I hope other private investors will do the same thing," Lockyer says. "They (the gun-makers) ought to feel the economic consequences of their bad behavior." [View news story]
    Are they divesting themselves of automakers, or drug companies? How about anything related to the practice of medicine?
    Dec 19 09:06 PM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    "Rescue" is when you throw someone a life ring. Not an anchor.
    Dec 19 09:07 AM | 12 Likes Like |Link to Comment
  • Testy Tuesday: Back To Breakout Levels Already [View article]
    Also, it was my impression that corporate board members/executives had a fiduciary duty to maximize shareholder value- not hire people. Isn't this is the point of the buybacks?
    Dec 18 08:56 PM | Likes Like |Link to Comment
  • Talks between Anheuser-Busch InBev (BUD) and Czech brewer Budvar break down over settling a long dispute over which company can use the Budweiser name. The two brewers have been battling for over one hundred years with the last settlement coming in 1939. The issue is a bit more than a running joke for A-B investors as Budvar continues to block entry into potential new markets for Budweiser. [View news story]
    For those unfamiliar- Budvar is just about the best beer on the planet. Absolutely no comparison to AB's below average doppelganger. If only I could spend more time in the Czech Republic . . .
    Dec 18 09:03 AM | Likes Like |Link to Comment
  • Smith & Wesson (SWHC -3.1%) and Sturm, Ruger (RGR -1.7%) trade lower with gun control legislation a major topic of political discussion following the tragic event in Connecticut. Though predictions of a gun demand rush is the knee-jerk reaction of some traders to the news gun laws could be tightened, others see the +200M firearms already in circulation and biting comments from pro-gun members of Congress as a sign the companies' fortunes could be altered. [View news story]
    The gun lobby doesn't have the pull that Big Pharma does-

    ever see a discussion as to why the vast majority of these school shooters are/were on psychotropic drugs?
    Dec 17 02:31 PM | 1 Like Like |Link to Comment
  • What's up with mortgage REITs and special dividends (first CYS, now AMTG)? REIT dividends have always been taxed as ordinary income, and thus won't be hit by a hike in the dividend tax rate. It smells of the companies trying to throw in some nominal good news amidst big dividend cuts. Trouble is, the use of this "slush fund" money now makes bigger cuts more likely in the new year. AMTG now -0.2% premarket. [View news story]
    Perhaps it's because ordinary income tax rates for the vast majority of shareholders will be higher next year.
    Dec 14 09:06 AM | 1 Like Like |Link to Comment
  • "Let the fiscal cliff happen and reduce the deficit very substantially as a consequence," quips GOP advisor Bruce Bartlett. The combination of spending cuts and tax hikes will eventually strengthen the economy. Conversely, he says, the Republicans refusal to raise taxes will actually hurt the economy. Baby boomers are due to retire in droves over the next few decades, and government spending has to rise. If we don't raise taxes we'll just have to borrow more from abroad, thereby increasing interest payments on the debt. (video[View news story]
    David:

    In California that retirement percentage can reach 95%.
    Dec 14 08:54 AM | Likes Like |Link to Comment
  • "Let the fiscal cliff happen and reduce the deficit very substantially as a consequence," quips GOP advisor Bruce Bartlett. The combination of spending cuts and tax hikes will eventually strengthen the economy. Conversely, he says, the Republicans refusal to raise taxes will actually hurt the economy. Baby boomers are due to retire in droves over the next few decades, and government spending has to rise. If we don't raise taxes we'll just have to borrow more from abroad, thereby increasing interest payments on the debt. (video[View news story]
    "surplus tax revenues"??? We could confiscate 100% of the "high income earners" salary, and still not be within nine zeros of "surplus tax revenues".
    Dec 13 11:25 PM | 3 Likes Like |Link to Comment
  • Did we miss a major central bank tightening overnight? The precious metals sector is lit up bright red following the Fed's addition to QE and what looks like the promise of ZIRP for at least 2-3 more years. GLD -1.1%, SLV -2.2% premarket. Copper and oil join in, the red metal -1.4%, and WTI crude -0.6%[View news story]
    what's the spot price on a clue, and is that market manipulated also??

    Sorry.
    Dec 13 11:10 AM | Likes Like |Link to Comment
COMMENTS STATS
226 Comments
531 Likes