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Machiavelli999

Machiavelli999
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  • Looks like a release from the SPR may be coming: The Obama administration reportedly conferred with outside oil market experts yesterday, as government officials expressed concern about rising crude prices. SPR talk began in earnest as Hurricane Isaac shut Gulf of Mexico platforms and refineries, helping boost prices; 36% of Gulf oil production remains closed[View news story]
    " we're drowning in oil the way it is"

    Isn't it funny that so called free market types think they know the exact amount of oil supply that the market needs. Not to say that Obama's move is correct, but to say "we're drowning in oil" is so stupid with oil prices pushing $100. Unless you really think that there is no increase in demand at lower price levels.
    Sep 7, 2012. 04:48 PM | Likes Like |Link to Comment
  • The Obama administration releases its final fuel efficiency standards for cars and trucks, requiring each automaker's fleet to reach an average 54.5 miles/gallon by 2025, nearly doubling current levels. To meet the standard, automakers will need to introduce new technologies and sell more alternative fuel vehicles. Critics say the rules will add thousands to new car prices[View news story]
    What difference does it make on the gas savings if the average car increases in price by 50%-100%?

    It's also so typical of liberals/Democrats/big government types to just mandate higher fuel efficiency. As if no one had wanted higher fuel efficiency and it only requires a government law and **POOF** like magic it just happens.
    Aug 28, 2012. 07:32 PM | 2 Likes Like |Link to Comment
  • The Obama administration releases its final fuel efficiency standards for cars and trucks, requiring each automaker's fleet to reach an average 54.5 miles/gallon by 2025, nearly doubling current levels. To meet the standard, automakers will need to introduce new technologies and sell more alternative fuel vehicles. Critics say the rules will add thousands to new car prices[View news story]
    If it's so easy Ted Bear, why don't you do it. Why hasn't any independent research center come up with anything? Why hasn't any university come up with anything? Why haven't any other companies outside the US come up with anything?

    I know what your answer is already: conspiracy. Right. And then you call the Tea Partiers nuts.
    Aug 28, 2012. 07:30 PM | Likes Like |Link to Comment
  • The Obama administration releases its final fuel efficiency standards for cars and trucks, requiring each automaker's fleet to reach an average 54.5 miles/gallon by 2025, nearly doubling current levels. To meet the standard, automakers will need to introduce new technologies and sell more alternative fuel vehicles. Critics say the rules will add thousands to new car prices[View news story]
    Get ready for doubling of car prices. Thank you Mr. President.
    Aug 28, 2012. 06:40 PM | 10 Likes Like |Link to Comment
  • According to an economic barometer called the Money Market Index, the recent rally in the Dow over the past three trading sessions has been "totally irrational," says the index's chief researcher Dan Geller. The rally, mostly due to the release of Friday's monthly jobs report, shows that the enthusiasm has been mispaced due to the simple fact that a large portion of the 163K new jobs reported are only temporary, and likely to vanish soon. The move "has no economic merit," Geller insists.  [View news story]
    For the past 4 years now, people have continuously said the market HAS to go down. Obama is President!! It just HAS TO CRASH!!! If you listened to their advice, you would have lost a lot of money. Many of the same also said there will be hyper-inflation and government will default. Again, if you bet on any of that, you would have lost a lot of money. Of course, the absolute catastrophic past record of those predictions has not led anyone to abandon these views.
    If you want to know what's been driving this market for the past 4 years, it's monetary policy. In March 2009, economic data was much worse than it is now and yet it was on the eve of the biggest market rally in history. Why? QE was announced in March 2009.
    The main reason market is holding up now is hope for either the ECB or the Fed to act more forcefully. If those two dissapoint, market will crash. It has NOTHING to do with economic data.
    Aug 6, 2012. 08:14 PM | 5 Likes Like |Link to Comment
  • The EPA issues a statement saying it's completed tests on drinking water in the Pennsylvania village of Dimock showing the water is safe to drink. Residents and anti-drilling groups had claimed that Cabot Oil & Gas (COG) had polluted the local aquifer through its gas drilling using highly controversial fracking methods. COG issues a reply, saying it's pleased with the decision, which mirrors similar findings from tests of its own, as well as those conducted by Pennsylvania state agencies.  [View news story]
    I would also like to add GMO foods into the evidence pool of "Liberals are ignorant". Despite the fact that all science says there is no danger to genetically modified food, liberals still yell "Conspiracy!" whenever this subject is brought up.

    Again, the irony is that not only are GMO foods not harmful, they provide huge benefits. The recent drought has been bad, but genetically modified strains of wheat and corn that do not require as much water have kept this from becoming a true catastrophe (think no food at stores). And yet, no one cares and everyone continues to complain and be ignorant.
    Jul 25, 2012. 08:34 PM | 7 Likes Like |Link to Comment
  • The EPA issues a statement saying it's completed tests on drinking water in the Pennsylvania village of Dimock showing the water is safe to drink. Residents and anti-drilling groups had claimed that Cabot Oil & Gas (COG) had polluted the local aquifer through its gas drilling using highly controversial fracking methods. COG issues a reply, saying it's pleased with the decision, which mirrors similar findings from tests of its own, as well as those conducted by Pennsylvania state agencies.  [View news story]
    Isn't it funny that liberals often claim that conservatives are ignorant and anti-science when conservatives question global warming.

    But when science doesn't tell liberals what they want to hear, they are quick to yell "Conspiracy!". The truly sad thing is that I still think liberals will eventually be successful in outlawing fracking or making it so expensive that it isn't worth it. And the irony is that fracking has caused US to be #1 in reducing CO2 emmissions among major industrial countries. http://bit.ly/MmTeMz

    While in Europe, because they have banned fracking and nuclear power, they are busy restarting old, dirty coal power plants to avoid blackouts.
    http://onforb.es/NKkVki

    This would be hilarious, if it wasn't so tragic.
    Jul 25, 2012. 08:28 PM | 10 Likes Like |Link to Comment
  • Google's Eric Schmidt continues to hype the development of a self-driving car, this week taking up the case at the annual Allen & Co. media confab in Sun Valley. According to the exec, the innovation works splendidly as drivers equipped with a "Google Maps on steroids" - along with computer-linked cameras, radars, and lasers - see increased safety and fuel efficiency. Automakers quietly back the idea of manufacturing models, with Ford going on record as saying self-driving cars of some variety will be here within five years. Increasingly, the question on the tech is not why or if, but when? [View news story]
    Sad but true. God knows how many innovations die at the company's lawyer's desk.
    Jul 14, 2012. 05:05 PM | 1 Like Like |Link to Comment
  • Congress is exploring whether companies holding standards-essential patents should be prohibited from trying to use them to obtain bans on infringing products. Microsoft (MSFT), Apple (AAPL), and Qualcomm (QCOM) have reportedly lobbied lawmakers on the issue. The FTC, ITC, and EU are already exploring the matter, as Google (GOOG) and various Android partners try to use standards-essential IP to counter Microsoft and Apple's infringement suits.  [View news story]
    FINALLY! This is a much needed reform. Companies are more busy hiring lawyers to block each other's products rather than innovating. This cannot come about soon enough. Which is why I'm guessing nothing will happen on this.
    Jul 10, 2012. 07:43 PM | Likes Like |Link to Comment
  • The Affordable Care Act actually discourages small businesses from growing, says TheStreet.com's Robert Weinstein. Buried within 2,700 pages of the Act is a requirement that businesses provide all employees with "acceptable" health insurance coverage, but exempts businesses with 49 or fewer full time employees. For small business owners, this is a glaring disincentive not to grow beyond 49 employees as a result of the costs and additional regulations companies face with 50 or more.  [View news story]
    No one is saying that all companies would stop growing cause of the requirement. But even if some do, isn't that bad enough.
    Jul 6, 2012. 08:59 PM | 10 Likes Like |Link to Comment
  • June ADP Jobs Report: +176K vs. +136K prior (revised from 133K) and expectations of 95K.  [View news story]
    You realize ADP is a private company right?
    Jul 5, 2012. 06:03 PM | 1 Like Like |Link to Comment
  • Short the S&P with a target about 5% below current levels, says Goldman's Noah Weisberger, whose worries about the economy just got worse with the collapse in the Philly Fed index.  [View news story]
    First of all: NO

    Second of all, this isn't about politics. It's about making money. If you look back in the 2008-2012 period, there have been three great buy opportunities. First was March 2009. QE1 was implemented that month and the market took off like a rocket.

    It hit a wall in summer of 2010 when the Euro problems began to rear its ugly head. Bernanke stubborn then and let the market slowly fall all summer. But when QE2 came in September the market resumed its upward pass.

    Third was spring of 2011. This time it wasn't the Fed, but the ECB that stepped in with pseudo-QE a.k.a. LTRO. Again the market shot up.

    Now here we are again. This is a buying opportunity, but you are always running the risk that the monetary authorities really won't come through like they didn't in late 2008. I still don't think I am a buyer here. I think the market will retest the May lows and kind of hang around there for awhile waiting till next Fed meeting. Next Fed meeting will be HUGE! QE3 will be fully expected by then.
    Jun 22, 2012. 01:32 AM | Likes Like |Link to Comment
  • Short the S&P with a target about 5% below current levels, says Goldman's Noah Weisberger, whose worries about the economy just got worse with the collapse in the Philly Fed index.  [View news story]
    GS was forecasting QE3. I think since we didn't get QE3, S&P dropping 5% is a conservative forecast. 10% is definitely in the cards. However, I do agree that the chances that Fed governors start coming out with more and more dovish statements increases the worse things get. And as soon as QE3 is back on the drawing board, a floor is basically set in for the S&P.
    Jun 21, 2012. 06:46 PM | Likes Like |Link to Comment
  • "Optimism evaporates" is the title of the BIS Quarterly Review, reflecting on the short-lived boost to financial conditions from the ECB's LTRO. Add clear signs of slowing growth in the U.S. and China to the situation in Europe and the result is just what happened in markets in May (and June 1).  [View news story]
    BTW, even if the Euro "took a hit". Who cares? What is more important? Protecting the value of some currency and not tolerating at least a little bit of "high" inflation (4% or 5% annually) or falling into financial armageddon and replaying the 1930s & 1940s. Yes, including the fascists.
    Jun 4, 2012. 04:43 AM | 1 Like Like |Link to Comment
  • "Optimism evaporates" is the title of the BIS Quarterly Review, reflecting on the short-lived boost to financial conditions from the ECB's LTRO. Add clear signs of slowing growth in the U.S. and China to the situation in Europe and the result is just what happened in markets in May (and June 1).  [View news story]
    Actually, if the statement has credibility and is believed, it would take little to no money actually printed.

    The Friday before last actually a rumor spread that this was what would happen. The market rallied for a moment and quickly crashed Monday when it turned out that it was just a rumor.

    And that's really the problem. There is very little credibility from any authorities.
    Jun 4, 2012. 04:37 AM | 1 Like Like |Link to Comment
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