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  • Wall Street Breakfast: Dow Chemical, DuPont In Advanced Merger Talks  [View article]
    On the one hand, we have China seeking to have their currency taken seriously as a world reserve currency, on the other hand, they can't seem to break free of pegging their currency to another. Make it free floating. This is like China showing up for the tour de France with a state of the art bike but then attaching training wheels to the back when the race begins.
    Dec 9, 2015. 09:12 AM | 3 Likes Like |Link to Comment
  • NY dubs daily fantasy games as illegal gambling  [View news story]
    I don't play fantasy football, but I realize its very popular nationwide. New York state attorney general Eric Schneiderman, like his predecessor, is first a politician. The reason he aspired to be a new york attorney general is because that post is seen by most people as a stepping stone to other political offices. (Note: I said, other political offices and not just political office.) Any attempt to put a stake through the heart of this game is political suicide.
    Nov 11, 2015. 10:07 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: The Market Swings Continue  [View article]
    Most dysfunctional Federal Reserve board we've had since the 1970s. How can you go dovish on the vote to raise interest rates and then immediately have a number of board members speak about how they're going to raise rates shortly thereafter? What was the point in not raising them from 0%? How did that all change the next day? The truth is the Fed has NO idea what to do or when to do it. They're shaking in their boots and are afraid to do, or not do, anything. This is the definition of dysfunctional.
    Sep 22, 2015. 09:20 AM | 5 Likes Like |Link to Comment
  • Tesla: Actually, Consumer Reports Just Reiterated The Bear Case  [View article]
    Its a shame consumer reports is fully disregarding the price of vehicles, and the untested lifespan of the Tesla battery. What will they say if the Tesla battery on the newest models loses 30% of its recharge after the vehicle has run for 100K miles? The truth is Tesla owners aren't piling up mileage. The Tesla vehicle is a 3rd, 4th or 5th vehicle in these households. If the battery does lose 30% after so few miles, what will be the cost of the next battery? I suppose it doesn't matter if the $130K price doesn't matter anyway. What is it Consumer reports is reviewing?
    Aug 28, 2015. 08:58 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: How Does The Wild Week End?  [View article]
    Throughout 2014, the dollar grew stronger versus all other currencies. That helped keep foreign goods cheap and US manufacturers somewhat in check. Add to that the bastardized methodology the US uses in putting less emphasis on the rising prices of certain goods by assuming everyone will choose alternatives rather than paying higher prices.
    Aug 28, 2015. 08:50 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: CF Industries, OCI Announce Nitrogen Mega-Merger  [View article]
    Yes, of course, the whole point here isn't about informing shareholders, who know far more about these companies than does the government. This is about informing the general public who have no say as to how a corporation runs its organization. The administration is hoping to use this information to browbeat companies over wages. But I ask why we can't get the same information about government workers. I'm not interested in the typical government worker. I'm interested in a full break down of the cost of benefits, and salaries of every position in government. I'm not looking for names, so privacy isn't an issue. I want to know how much the taxpayer is enriching government employees.
    Aug 6, 2015. 08:42 AM | 12 Likes Like |Link to Comment
  • Wall Street Breakfast: Greece Votes 'No' - Now What?  [View article]
    They voted for the Prime Minister to hold the line on no concessions. Its a gamble but that's what the current administration campaigned on. They know they're out if they don't deliver on their campaign promise. Not delivering means no more bail out or bail out but more concessions.
    Jul 6, 2015. 12:09 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Tech Earnings Dominate Headlines; Nasdaq Breaks Record  [View article]
    "Our government is eager to rationalize the pension system (for example, by limiting early retirement), proceed with partial privatization of public assets... and create a fully independent tax commission," Greek Finance Minister Yanis Varoufakis announced.

    Oh, please! Far too little, far too late. I mean, its taken this long to agree to this little? Enough with this horse chit. Send them on their way, and let the Greek voters decide where they want to go with their country next. Greece should never have been allowed into the EU. They're a rudderless mess of an economy and the people still don't get it. A paradigm shift of Greek attitudes will take years, unless they are to leave the EU and go it alone.
    Apr 24, 2015. 09:01 AM | 6 Likes Like |Link to Comment
  • Greece offers concessions?  [View news story]
    Its far too little, far too late.
    Apr 24, 2015. 08:55 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Eurozone Manufacturing Data Adds To Recovery Hopes  [View article]
    I'm OK with it tied to options so long as the strike price is set high enough and can't be altered later.
    Apr 2, 2015. 08:51 AM | 1 Like Like |Link to Comment
  • Gilead Sciences Faces An Uncertain Future After Patent Loss In India  [View article]
    Sadly, you're correct. Even non-US based companies that develop new drugs wouldn't have pursued the drugs they now have if American consumers didn't pay so much for access. The returns they make elsewhere don't warrant the investment. Even the European nations negotiate as a bloc with drug manufacturers so they pay considerably less for the same drugs we get for exponentially more. The system sucks.
    Mar 31, 2015. 10:09 AM | 2 Likes Like |Link to Comment
  • Congress Owns These Stocks, Should You?  [View article]
    These mega-cap stocks are just typical holdings one will find with any large cap institutional money manager. Doesnt' tell you anything. A better tell is hooking up with the option accounts held under family members of congressional staff. That's where the big returns are.
    Mar 25, 2015. 10:26 AM | 1 Like Like |Link to Comment
  • USW rejects Shell's contract offer  [View news story]
    Need to train workers with the huevos to work at a refinery. I'm sure there are a few ex-coalminers interested in being retrained.
    Feb 20, 2015. 09:26 AM | 4 Likes Like |Link to Comment
  • NY Post: Freescale Semiconductor exploring sale  [View news story]
    Taken private in 2006 for $17.6B, went public in 2011, has soared 75% over last 3 months and is still only now valued at $11.4B? LOL! That means it was worth $6.5B, 3 months ago. If that doesn't spell success...........
    Feb 13, 2015. 11:43 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Apple's Market Cap Closes Above $700B  [View article]
    Musk looking to fire China executives? Looking to make friends over there apparently. LOL It seems he's damned if he does and damned if he doesn't. The Chinese government has no problem slowing down the sales of Tesla giving their engineers the time they need to backward engineer the Tesla to sell in China. Kind of stupid he didn't see this.
    Feb 11, 2015. 09:19 AM | 3 Likes Like |Link to Comment