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Johann Galt

Johann Galt
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  • 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, 2012. 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, 2012. 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, 2012. 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, 2012. 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, 2012. 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, 2012. 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, 2012. 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, 2012. 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, 2012. 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, 2012. 11:10 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    and what do you expect the enemy that shuts down our infrastructure via cyber war shall do next? Wars will always be fought with "boots on the ground." Cyber war is just another facet of war.
    Dec 13, 2012. 10:51 AM | 1 Like Like |Link to Comment
  • A pair of right-to-work bills are officially passed in Michigan to set the stage for new employees at General Motors (GM +0.3%), Ford (F -0.1%), and Chrysler (FIATY.PK) to skip around union fees. While labor groups are still making quite a bit of noise on the issue, the Big Three have been deathly quiet[View news story]
    Dana:

    There is no prohibition of any sort to labor "organizing". But nobody in this country should be forced to "organize", simply because they choose to work for a certain company.
    Dec 11, 2012. 03:53 PM | 7 Likes Like |Link to Comment
  • More on the plunge (worst since 1986) in the NFIB small business index: "Something bad happened in November ... and it wasn't Hurricane Sandy," says the NFIB's Bill Dunkelberg. A "stunning number" of owners expect conditions to worsen over the next 6 months." Note: The NFIB excluded responses from those in Sandy-affected states from the final tally. [View news story]
    Interestingly enough, while "almost half" of voters were disappointed, the disappointed percentage among those who provide the jobs was far higher than almost half. Ultimately though, ya do still gotta work.
    Dec 11, 2012. 08:52 AM | 5 Likes Like |Link to Comment
  • Fiscal Cliff And Deficit Conversation Misses The Point [View article]
    After WWII there was no economy left standing except that of the United States. Gov't receipts rose quickly because our economy. I'm not sure inflation was nearly as big a factor as the expansion of the U.S. economy, in terms of debt reduction.
    Dec 7, 2012. 11:55 PM | 2 Likes Like |Link to Comment
  • Fiscal Cliff And Deficit Conversation Misses The Point [View article]
    Our politicians get their fiscal philosophies from Thelma and Louise.
    Dec 7, 2012. 10:10 AM | 3 Likes Like |Link to Comment
COMMENTS STATS
236 Comments
550 Likes