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  • Why Paul Krugman doesn’t expect anything substantive out of Jackson Hole: the "Perry problem." The Texas governor symbolizes the "political intimidation that is killing our last remaining hope for economic recovery," Krugman writes. "Political opposition has already crippled fiscal policy... with the Fed also intimidated into inaction, it’s hard to see any end to the ongoing economic disaster."  [View news story]
    Does anyone really care what Krugman says anymore?
    Aug 26, 2011. 09:56 AM | 4 Likes Like |Link to Comment
  • Evergreen Solar (ESLR -57.6%) has finally bitten the dust. The solar panel maker, whose shares reached lofty heights prior to the financial crisis on optimism regarding its String Ribbon wafer technology, has filed for Chapter 11, as strong Chinese competition and slumping European demand prove too much to cope with. (PR) (previously)  [View news story]
    Another CNBC failed "buy" recommendation.
    Aug 15, 2011. 04:25 PM | 3 Likes Like |Link to Comment
  • S&P may have more to worry about than just the U.S. Senate investigating its credit downgrade decision. There's mounting evidence that the ratings agency leaked the pending action to a select group of banks and hedge funds prior to its public announcement, which is a clear violation of SEC rules.  [View news story]
    There is ZERO chance that it didn't get leaked in some fashion and with that info, someone didn't put money to work. Jailtime is the only way to combat this.
    Aug 10, 2011. 12:57 AM | Likes Like |Link to Comment
  • Today in Commodities: Commodities Serving as Diversification [View article]
    So, still going to see that $50 drop in gold? After, what a $150 run-up. Is that how you make money? Give someone $150 and take back $50 and say, "I'm a winner!"
    Aug 8, 2011. 05:28 PM | Likes Like |Link to Comment
  • In an unusually blunt I-told-you-so, China's official Xinhua news agency publishes a commentary demanding the U.S. address its chronic debt problems: "The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone."  [View news story]
    China can talk about our bloated social programs because it has none. That's not something to brag about. It's something to pity in them. Chinese work long hard hours for little pay and have to leave their kids just to find work in the cities. Not to mention the imbalance of male to female children from selective breeding. You stay classy China!
    Aug 6, 2011. 07:32 PM | 3 Likes Like |Link to Comment
  • Despite the slight improvement in July Nonfarm Payrolls, the unemployment picture remains dim to those still out of work. Ugly chart of the day: The average duration of unemployment has skyrocketed and shows no sign of slowing down.  [View news story]
    Maybe there is a correlation between extending unemployment benefits and high unemployment. Giving free money to people to do nothing isn't exactly motivation to get a job? Cut off unemployment benefits and I guarantee people would fine a job.

    Also if people were willing to move they could easily find jobs. In the ND oil fields even McDonalds pays a livable wage. In local factories (always hiring) they pay even more.

    In MN, we have striking unionized factory workers who turned down $50k jobs/$70k with benefits and a 17% pay increase over 5 years.....because they had had higher copays for healthcare. Now they sit and collect unemployment.
    Aug 5, 2011. 06:34 PM | 2 Likes Like |Link to Comment
  • A government official tells ABC News the federal government is expecting S&P to downgrade the U.S. credit rating. A lack of confidence that serious deficit reduction can take place will be among the reasons for the action.  [View news story]
    Probably just fear mongering reporting, as per usual of the major networks.
    Aug 5, 2011. 06:30 PM | Likes Like |Link to Comment
  • Today in Commodities: Market Meltdown [View article]
    So what was that about gold dropping $50/oz?
    Aug 2, 2011. 05:41 PM | Likes Like |Link to Comment
  • "This kind of looks like a buying stampede ... It's just an awful popular trade." - One of a number of investment chiefs who have begun cutting holdings in gold and miners to take profits.  [View news story]
    Gold is the new oil. How did that work out for the speculators last time around?
    Dec 6, 2009. 06:18 AM | 1 Like Like |Link to Comment
  • Don't be so quick to sneer at Rupert Murdoch's (NWS) plans to charge for web content, Bryan Appleyard says: "If the web makes no money or, at least, not enough to sustain proper news operations - and it doesn't - then you will either get no proper news, or just none on the web."  [View news story]
    Bryan Appleyard says: "If the web makes no money or, at least, not enough to sustain proper news operations - and it doesn't - then you will either get no proper news, or just none on the web."

    Mr. Appleyard have no idea what he's talking about. It's a silly assumption that no one will get "proper news" if a for-profit company doesn't provide it. In fact, I'd say you get far more unbiased news from venues other than companies out to make a buck. I've stopped watching ABC/NBC/CBS news altogether for these reasons.

    The web is one place that you can go to get unbiased news or sites that don't try to hide their bias.
    May 10, 2009. 12:28 PM | Likes Like |Link to Comment
  • Are We There Yet? Not Even Close. [View article]
    Decent article accept leave out all the "people are calling me bad names." It's not relevant to your 60-day rule and it just creates clutter. If you don't want to get flamed then don't post publicly, especially on stock market predictions!
    Sep 18, 2008. 07:57 AM | Likes Like |Link to Comment