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Johann Galt

Johann Galt
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  • 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, 2013. 12:21 PM | 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]
    At least one generation of Romans would beg to differ. Just for instance.
    Jan 21, 2013. 11:08 AM | 4 Likes Like |Link to Comment
  • Sell AMR Corp. As Shares Spike [View article]
    not sure a hostile takeover is possible while AMR is in chapter 11.
    Jan 11, 2013. 11:32 AM | 1 Like Like |Link to Comment
  • Illinois legislators ended their 2012 session yesterday without taking any measures to deal with the state's $97B unfunded liabilities, which are rising by $17M a day and which could lead to more downgrades. "I think we may learn from Wall Street very shortly about the importance of doing this quickly," says state Senator Daniel Biss. "We all look like idiots." (previous[View news story]
    He was close. Should've replaced "look like" with "are".
    Jan 9, 2013. 09:32 AM | Likes Like |Link to Comment
  • AIG's (AIG) advertising tagline at the moment may be "Thank you America," but it's board will today consider joining a $25B lawsuit that's being led by former CEO and major investor Maurice Greenberg against the government. The suit argues that the heavy demands of AIG's rescue, such as the government taking a 92% stake and the high interest rate rates levied, deprived shareholders of tens of billions of dollars and violated the Fifth Amendment. [View news story]
    Bingo, Larry. This fall into the hindsight "beggars can't be choosers" category.
    Jan 8, 2013. 09:11 AM | 1 Like Like |Link to Comment
  • Should You Buy Apple Before The Consumer Electronics Show? [View article]
    You must have a serious margin available if you can sell $520 puts.
    Jan 7, 2013. 03:20 PM | Likes Like |Link to Comment
  • FOMC Minutes: Everyone is clearly not on board. Fed officials are "evenly divided" between ending QE around mid-year or continuing until year's end. Several FOMC members thought it appropriate to slow or stop QE well before the end of 2013. [View news story]
    Considering the increased car sales, better employment numbers, decreasing dollar store sales while high end stores report greatly improving sales ---

    could this just be an acknowledgment by those at the Fed that the economy is improving, and QE may not be necessary?
    Jan 3, 2013. 02:53 PM | 1 Like Like |Link to Comment
  • Market recap: Wall Street celebrated the last-minute budget deal, renewing enthusiasm for risk assets and pushing the Dow to its best one-day point gain since July 2011. But opinions vary widely over how long the sugar high will last. Treasurys saw heavy selling, with 30-year and 10-year yields jumping to respective multi-month highs of 3.046% and 1.839%. [View news story]
    Macro:

    Read my first response. It's lengthy, I know, but I'm sure you can discern that I've answered your question.
    Jan 2, 2013. 09:32 PM | Likes Like |Link to Comment
  • Market recap: Wall Street celebrated the last-minute budget deal, renewing enthusiasm for risk assets and pushing the Dow to its best one-day point gain since July 2011. But opinions vary widely over how long the sugar high will last. Treasurys saw heavy selling, with 30-year and 10-year yields jumping to respective multi-month highs of 3.046% and 1.839%. [View news story]
    He wasn't small gov't, obviously.
    Jan 2, 2013. 09:07 PM | 1 Like Like |Link to Comment
  • Market recap: Wall Street celebrated the last-minute budget deal, renewing enthusiasm for risk assets and pushing the Dow to its best one-day point gain since July 2011. But opinions vary widely over how long the sugar high will last. Treasurys saw heavy selling, with 30-year and 10-year yields jumping to respective multi-month highs of 3.046% and 1.839%. [View news story]
    Yes, wrong then, wrong now. Just plain wrong.
    Jan 2, 2013. 08:58 PM | 1 Like Like |Link to Comment
  • 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, 2013. 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, 2012. 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, 2012. 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, 2012. 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, 2012. 09:10 PM | 15 Likes Like |Link to Comment
COMMENTS STATS
236 Comments
550 Likes