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  • Facebook Is No Google: Sell This Overvalued Mega-Cap [View article]
    FB has turned into a website destination for the geriatric set to look at family photos. Maybe FB should work on getting more ads from big pharma.
    Oct 29, 2013. 11:32 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The Fed does own a considerable share of the blame with their easy money, but I think far too little attention has been put on the GSEs. They had "implied" backing from the Federal government which everyone knew was code for absolute guarantee. Armed with this knowledge, Fannie and Freddie both leveraged up in high interest sub-prime mortgages which brought a great increase in current cash flow. The benefits are then derived by upper management with huge bonuses followed by a nice golden parachute retirement (see Franklin Raines for details). No company would have taken such a risky strategy if not for the "implied" backing.
    Oct 24, 2013. 10:46 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I'm glad to see the DOJ going after the banks for these crappy mortgages but I still don't put all the fault with the banks. The primary culprit of the financial crisis are the politicians that embedded moral hazard into the mortgage market for the sake of pushing forward their social engineering agenda. The banks were encouraged to make loans to all and they did with a vengeance making a mint all the while. But the silver lining in going after the banks now is they won't be walking lock-step with the social engineering crowd hereafter. The resultant housing market will be dead for years to come. Looking back at the 5 year trailing average for new single family construction, we're at a 50 year low.
    Oct 24, 2013. 09:07 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    "Obamacare exchanges providing insurers with wrong data. "

    What did ya expect for $650M?
    Oct 18, 2013. 09:22 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I do not like this Uncle Sam,
    I do not like his healthcare scam.
    I do not like these dirty crooks,
    or how they lie and cook the books.
    I do not like when Congress steals,
    I do not like their secret deals.
    I do not like ex-speaker Nan,
    I do not like this 'Yes, we can!'
    I do not like this spending spree....
    I'm smart; I know nothing's free.
    I do not like your smug replies,
    when we complain about your lies.
    I do not like this kind of hope.
    I do not like it-----nope, nope, nope!
    Go Green-- Recycle the White House!
    Sep 30, 2013. 09:57 AM | 14 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Kerry's talks with Iran have been described as 'constructive'. What that means is they've stated their position. In other words, same thing, different day. The administration is looking for a way out every bit as much as Iran is looking for a way out. Iran won't be giving up on moving forward with nuclear refinement or nuclear weapons. But they will continue to promise they aren't interested in developing nuclear weapons. Nothing new, but this will be what the administration will later claim to be a victory for the administration. There will not be any nuclear agency inspectors in Iran and the administration will accept Iran at their word. Then the US will end the boycotts and Iran will release American hostages. It will take a fair amount of spin but the US media is ready to accept anything from this administration.
    Sep 27, 2013. 01:57 PM | 3 Likes Like |Link to Comment
  • Cramer's Mad Money - I Want To Scream (9/16/13) [View article]
    Things have changed, but the regulators are NOT in charge. Too-big-to-fail is ever-present and gearing up for the next big bubble. Dodd/Frank is a disaster in the making. Politicians are still beholden to the banks for present and future campaign contributions.
    Sep 17, 2013. 08:03 AM | 2 Likes Like |Link to Comment
  • Solar-Powered Electric Vehicles: Panacea Or Hype? [View article]
    Well, they still do have an annual race in Australia with solar-powered vehicles but the cars weigh about 200lbs and there is a weight limitation for the operator. No, we're not getting ahead of ourselves here. Surely the NHTSA will give them a pass on their ability to withstand a front end crash, and the obesity epidemic will surely end soon.
    Sep 16, 2013. 08:20 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The Fed is back to buying not only MBS, but is also buying up sub-prime auto lending. I figure as the taper begins, the more aggressive purchases will be eliminated first. That should put the kibosh on sub-prime auto lending for the time being.
    Sep 5, 2013. 09:00 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    "The question now is whether a sales tax hike (designed to help shore up Japan's public debt) will derail the recovery and pressure BOJ Governor Kuroda to take further action to stimulate growth."

    Why not just print more money to pay down that debt?
    Sep 5, 2013. 08:56 AM | 2 Likes Like |Link to Comment
  • Is GE's Jeff Immelt The Next CEO To Get 'Retired'? [View article]
    Immelt inherited GE capital years ago. He had plenty of time to change their path, and he did. Under Immelt GE capital grew increasingly aggressive till it blew up.
    Aug 28, 2013. 09:29 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Wells Fargo cutting 2300 jobs in mortgage unit and new mortgage applications dive in latest survey while builders keep harping on the great recovery in housing. Is everyone that flush with cash?
    Aug 22, 2013. 08:36 AM | 2 Likes Like |Link to Comment
  • 5 Reasons Why I'm Short Tesla [View article]
    While I agree with most of the analysis, I sense Tesla, like no other company, has the SEC turning a blind eye to any potential accounting irregularities that may crop up in coming quarters while the company continues a media savvy strategy winning the hearts and minds of millions.
    Aug 21, 2013. 10:10 AM | Likes Like |Link to Comment
  • Tesla: Be Ready For A Massive Crash [View article]
    The stock has built into its price a lower priced vehicle ($35000) for the masses, in the next couple of years. The problem with this is while such a vehicle would be in the price range of millions more people, this lower income target group has much greater demands of a $35,000 automobile than the $180,000 a year income group. The higher income target group were much more willing to accept an electric vehicle that was both untested in the consumer market and had a known limited range. The long term durability of the battery technology is still unknown and won't be much better even two years from now, for the sake of the lower income targeted buyer. This lower income buyer can't afford to gamble on new technology. They don't care about making an environmental statement as does the current Tesla buyer. They have to KNOW that battery won't lose 1/2 of its storage 7 years after they've driven it, and they have to be comfortable with a still unknown cost to replace that battery down the road.
    Aug 12, 2013. 09:51 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Its interesting how GM has come full circle and can now more easily move production from one country to another. For the sake of the survival of this company as well as all automobile manufacturers, this had to happen. Of course, that reduces the strength of all automobile unions worldwide.
    Aug 12, 2013. 09:40 AM | 4 Likes Like |Link to Comment