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Ducaticorse

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  • Wall Street Breakfast: Home Depot Confirms Payment Systems Breach [View article]
    Isys is not a threat to us for the moment at least. Let them short out their problems themselves for once. OK, they decapitated two Americans but we droned 1,000s of them, bystanders in a dispute they know nothing about.
    Sep 9, 2014. 11:20 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Home Depot Confirms Payment Systems Breach [View article]
    Furthermore, these costs are easily absorbed. Swiss banks all have a challenge/response security system on top of the password (that creates a unique scrambled password for each connection) and I've never seen a Swiss banker asking for food next to a freeway on-ramp.
    Sep 9, 2014. 10:50 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Home Depot Confirms Payment Systems Breach [View article]
    You still need nuclear and else but you need them less. Where I'm not so keen about green is that is it that green? Pristine places are now defaced with solar panels or these propellers and it causes great damages to the fauna on huge swats of land. Furthermore, what looks high-tech today will look completely dorky in 10 years; think the first mobile phones. And what are we going to do with it? The problem with the fossils is the dirty by products. Since fossils look abundant for the next 5 decades, shouldn't we work on concentrating the production and cleaning the dirt?
    Sep 9, 2014. 10:46 AM | 1 Like Like |Link to Comment
  • Amazon: The Financial Picture Worsens [View article]
    LIBOR is London Inter Bank Offered Rate. It's the interest rates at which majors banks lend to each other. Currently it's close to or even below zero for short maturities. LIBOR plus 0.625% means that AMZN will borrow at the major banks' rate plus a margin of 0.625%. What it doesn't say is what maturity. You have LIBORs for a whole range of maturities up to one year, I think.
    Sep 8, 2014. 02:10 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Electrolux To Acquire GE Appliance Business For $3.3B [View article]
    Good article.
    Sep 8, 2014. 10:07 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Electrolux To Acquire GE Appliance Business For $3.3B [View article]
    In SoCal the utility sends you letter warning you that you consume too much electricity and weaken the grid. Notwithstanding the amount on the bill, it's a good incentive to go solar. At least it can put some of this scorching heat to good use.
    Sep 8, 2014. 10:01 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Electrolux To Acquire GE Appliance Business For $3.3B [View article]
    123%! It looks like an election in a Democrat constituency. Incredible how American progress spreads around the world. But it looks like they still had to show an ID to vote. Work hard Ukrainian or Russian folks, you're getting there.
    This aside, the difference lies in the primordial fact that they didn't allow them to vote to start with. After that, what happens doesn't matter.
    Sep 8, 2014. 09:57 AM | 1 Like Like |Link to Comment
  • The Emperor Has No Clothes: Emerging Market Investing Just Got Simpler [View article]
    I think there is a strong will from the Brics to create an economic environment of their own. Frankly, it's pretty disturbing to be dollar dependent because one has to face the facts; it's dam if you do (China is successful and you regularly have cries in Congress about them debasing their currency with subsequent threats) and dam if you don't (look at Argentina). Furthermore, if you're successful you end up with a bunch of treasuries in your vaults denominated in a currency that slowly crumbles like a pile of sand and that will be paid back eventually, if you're nice. Amongst the Brics, the only country that is not at risk to interfere with America's dominance is South Africa. A smart Russia could easily create a duopoly with Germany for European dominance. Imagine Germany with Russian natural resources. China could take over the Pacific economically and Brazil become the leader of South America. None of these countries are really aligned with the US philosophically and they have a common interest, an important one. It just takes one and it shouldn't be underestimated. The consequence of that would be the end of the USD as THE reserve currency and that would be a blow to our standard of living. Effectively, one can argue that the autocratic governments in at least two of these countries, China and Russia, will hinder the project. There is effectively a strong potential opposition in both countries. But, on the other end, centralized representative democracies are not faring well either. Look at the opinion pols in the US, France or Britain. You can also look at the recent study about our representative democracy published by Princeton U. The problem is that without a strong, centralized and authoritarian government, it's very difficult to have international ambitions; citizens prefer to have money spent on local schools and fire departments. I think both types of regime will meet somewhere in the middle in a not too distant future; you can have a car and a house but you shut up. As to investing, I have a EM fund since two years that pays a correct dividend of 4%. It was down 25%, now it's down 10%. I'll wait and see because it's my anti correlation position. But if I want growth, I simply look in the US. Where else can you find such beautiful growth as in TSLA, FB, TWTR, NFLX, AAPL the whole biotech sector, etc? The choice is so big, the liquidity abundant, there is plenty of information and financing available.
    Sep 6, 2014. 05:07 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Apple Adds Security Features To iCloud [View article]
    I was wondering too. It's difficult to assess the story with the small excerpt presented in WS breakfast but my understanding is that it is now legal for anybody to come to you and ask for money (against a "service") and if you don't they'll sully you. Something doesn't add up here. As to Yelp, it looks like it's the new Angie.
    Sep 5, 2014. 09:48 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Apple Adds Security Features To iCloud [View article]
    I put additives in my tank and save 1.5 miles per gallon.
    Sep 5, 2014. 09:44 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Apple Adds Security Features To iCloud [View article]
    There is plenty of water near and around Detroit and nobody lives there. They'll simply take the water there and send it to the SouthWest. It's fair.
    Sep 5, 2014. 09:41 AM | Likes Like |Link to Comment
  • Debt Is No Salvation [View article]
    That's certainly a big part of the problem. The giant sucking sound of jobs going South of the border (Ross Perrot).
    Sep 4, 2014. 04:11 PM | 1 Like Like |Link to Comment
  • Debt Is No Salvation [View article]
    OK you don't pay interest for 12/18 months so you can buy now and your return is the inflation rate ideally. In that context it makes sense to borrow. As long as your return is higher than your cost, go ahead borrow. But not everybody (a few actually) gets 0% and beware not to have a balance at the end of the grace period....
    I buy all my stuff with PayPal credit. They give me 0% for 12 months for each purchase above $ 200. If I don't close the balance before the 12 months, I have to pay interests for the whole period on the whole amount! 20%! You'd better have discipline.
    Sep 4, 2014. 04:10 PM | Likes Like |Link to Comment
  • Debt Is No Salvation [View article]
    Maybe not but Switzerland is and I don't even talk about Monaco where the amount of savings is huge.
    Sep 4, 2014. 04:02 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Investors Brace For Today's ECB Policy Meeting [View article]
    The biggest advantage of this inversion for BK is that it will not be subject anymore to taxes on its international operations. BK will be able to bring back international profits to Canada.
    Sep 4, 2014. 09:28 AM | 6 Likes Like |Link to Comment
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