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  • Brace For A Big Sell-Off In BP  [View article]
    That tax ain't going anywhere. DOA on arrival in the House.
    Feb 5, 2016. 03:22 PM | 1 Like Like |Link to Comment
  • El-Erian: Too early to rule out March rate hike  [View news story]
    70% of the jobs added in January were minimum wage in food service and retail. And we are all worried about tight labor markets? Give me a break. This economy is dead in the water.
    Feb 5, 2016. 01:21 PM | Likes Like |Link to Comment
  • Brace For A Big Sell-Off In BP  [View article]
    Unfortunately the Saudis won't make it to $10 oil either as they continue to drain their reserves trying to prop up a corrupt, decaying society. Over $650M was frittered away in 2015 and at the current rate of spending they will be essentially bankrupt by 2020. They were the ones that brought this oil price war on. Now they are wishing they hadn't.
    Feb 3, 2016. 11:42 AM | 1 Like Like |Link to Comment
  • CSX's Dividend In Peril  [View article]
    There is a lot of "fluff" in this analysis of CSX but very little substance.
    1. You clearly favor UNP over CSX yet say little if anything as to why. You optimistically predict that UNPs operating ratio will beat CSXs by 2020 without saying how.
    2. You blithely announce that CSX has a dividend safety issue because of coal weakness. I have news for you. The CEO is acutely aware of the weakness of coal and has identified several ways to "work around" the decline in volumes there.
    3. As for CAPEX, recall that the DOT/Govt has mandated several safety measures for railroads to implement in a timely manner. These are not small expenditures and could easily top $1B over a 10-year period. You make it sound like CSX is frivolously blowing capital on wasteful projects. Clearly, they are NOT.

    Nothing changes the fact they are the dominant railroad on the East Coast and are well-prepared to benefit from the Panama Canal expansion.

    Summary: The critique is "much ado about nothing."
    Feb 2, 2016. 03:35 PM | 13 Likes Like |Link to Comment
  • A Recession Is On My Mind  [View article]
    "Median adjusted family household income is within 1% of 2000 levels"

    This is a huge flashing warning sign of an economy that is simply treading water. There is no growth to be found anywhere. Not in wages. Not in purchasing power. Not in inflation.
    So it is no surprise that most people feel we were better off in 2000. That is a major condemnation of the Fed and its disastrous policies.
    Feb 1, 2016. 03:47 PM | 1 Like Like |Link to Comment
  • Did Gilead Just Open 'Pandora's Box?'  [View article]
    Baloney. Every drug company in the developed world has the same approach to drug development and research; the blockbusters help pay for the drugs not approved. That is a given and is clearly understood in the industry. If that has to be spelled out for our fearless leaders in DC than they are even dumber than I thought.
    Jan 29, 2016. 03:50 PM | Likes Like |Link to Comment
  • Did Gilead Just Open 'Pandora's Box?'  [View article]
    Absolutely brilliant explanation of how the drug development process works. It's funny how we always want the "best" products for our ailments until we discover the price. And as you say the US Govt has no intention of paying for any of that research. When it comes to the Mass AG or Hillary can you spell "PANDERING"?

    Jan 29, 2016. 03:47 PM | Likes Like |Link to Comment
  • Did Gilead Just Open 'Pandora's Box?'  [View article]
    Nicely said. It is a bit like the oil industry where everyone screams bloody murder about $80/oil until they find out it costs the oil majors $1 BILLION to drill a deep sea well. You are correct about the idiots who bitch n moan about drug prices when these companies can easily spend millions searching for an effective drug. Not to mention that the success rate for drug development can be as low as 5%. The Mass AG is going to have a very difficult time proving "unfair commercial practices" for GILD. As I understand it that requires a very high burden of proof. Sorry to see the USA head down the same path as Europe with healthcare rationing. Not a very good choice.

    Jan 29, 2016. 03:34 PM | 1 Like Like |Link to Comment
  • Fed Raises Rates Because Of Ongoing U.S. Recovery?  [View article]
    The bond market (10 yr) is one of the best predictors of inflation and unfortunately right now it is predicting little if any inflation all the way out to 2025. When you add in the fact that a rate hike cycle is extremely "deflationary" there is absolutely nothing that would justify continuing to hike rates right now. Unfortunately, the Fed is bound and determined to repeat the mistake it made in 1937 further extending the time needed to recover.
    Jan 28, 2016. 10:53 AM | Likes Like |Link to Comment
  • Fed statement sparks afternoon selloff  [View news story]
    There will be NO March rate hike. This market has already shown it can barely handle one rate hike. Janet got the message.
    Jan 27, 2016. 04:34 PM | 3 Likes Like |Link to Comment
  • The Death Of Freeport-McMoRan  [View article]
    There is no C'mon man. The Baltic Dry Index (BDI) just registered an all-time record LOW. Global trade has basically come to a virtual standstill. China will NOT be having a soft landing as their economy crashes. Brazil, Venezuela, Mexico, Argentina, and Russia top the list of countries who could actually face a currency collapse THIS year. Are you not paying attention? The global economy is in serious trouble right now.
    Jan 27, 2016. 04:29 PM | 1 Like Like |Link to Comment
  • Union Pacific's Fourth Quarter: A Disaster?  [View article]
    I was just pointing out as an equity investor it is immaterial how BNSF performs relative to UNP, unless of course you are an investor with Buffett in Berkshire Hathaway. When comparing let's stick with "apples to apples" comparisons, meaning publicly traded vs publicly traded.

    Jan 25, 2016. 02:43 PM | Likes Like |Link to Comment
  • Union Pacific's Fourth Quarter: A Disaster?  [View article]
    All irrelevant since BNSF is "private" and not open to public investors.
    Jan 25, 2016. 01:51 PM | Likes Like |Link to Comment
  • Reuters: Schlumberger to win unconditional EU approval for Cameron deal  [View news story]
    The EU hypocrisy is mind-boggling. No impact on pricing when the largest operator (SLB) merges, but serious pricing concerns surface when HAL offers to buy BHI. Newsflash for the EU "pinheads". Even with a HAL-BHI merger, the combined capitalization is far below that of the "new" SLB. It would not have anything to do with SLB being a European company and HAL/BHI being American would it? Of course not. Silly me.
    Jan 25, 2016. 01:48 PM | Likes Like |Link to Comment
  • The Coming Recession  [View article]

    Good points. What is even worse concerning median family income is that its at the same level it was in 2000. Essentially for 15 years you received NO raise, yet are still paying more for food, insurance, credit card debt, housing, and taxes. Recovery? What recovery?

    Jan 25, 2016. 11:21 AM | Likes Like |Link to Comment