Dallas Fed chief Richard Fisher reiterates his opposition to "massive QE programs" in a speech in El Paso saying "the ... inflationary consequences [are] as yet unclear, and will depend on how artful the committee will be in unwinding accommodation on a timely basis." Based on a trimmed mean analysis, the Dallas Fed concludes that inflation is indeed at or below 2%, but with regard to employment, Fisher notes "it is not clear that we will achieve a justifiable bang for the trillions of bucks the Fed has flooded the economy with."[View news story]
Pres. Obama finds himself increasingly boxed in on the Keystone (TRP) pipelinefight, as more congressional Democrats join Republicans in backing the project, which has strong labor support and could generate lots of jobs in hard-hit states. An increasing possibility is a highway bill - also stuck - with a Keystone provision, which would put Obama in an awkward position. [View news story]
Odd examples only if you look at the individual acts but not if you read his mentor Saul Alinsky ...when you join the dots the picture is clear ...Incremental acts seemingly as you say "odd examples " that create in there final moment (if he gets re elected) a fundamentally Socialist state by 2016... ...and in plain sight...but many good meaning people just don't see it !
"Google has forgotten why we loved it," bemoans Gizmodo's Mat Honan in a lengthy piece that bashes the changes pushed by Larry Page. With much of the Internet's knowledge now residing in personalized services and apps whose information is off limits, Google (GOOG) feels it has to both depart from its search-centric roots, and get its hands on more user info. But in doing so, Google is violating its users' trust, and damaging the quality of its core product. [View news story]
nothing lasts forever in the digital world either by forgetting your mission, misreading your customer ,getting greedy or the natural order of creative destruction
Sure to draw discussion today is Goldman's epic long call on equities coming out alongside GMO's caution. One interesting slide from the Goldman report - it expects global growth from 2010-19 to be the fastest of any decade between 1980 and 2050. (more of the Goldman report) [View news story]
getting out or getting it wrong just like they did with oil in its last big run up
"Of course" CEO Brian Moynihan's job is safe, Bank of America (BAC -3.6%) Chairman Charles Holliday tells CNBC. "He’s put things in place [and has] a great team there." On whether BofA will sell its Merrill Lynch brokerage, Holliday can't discuss details, but says it's a good fit: "If we just sell to our own customers, we have a great growth opportunity here in the U.S." [View news story]
just as dumb as Weils Supermarket concept for Citi over a decade ago ...does no one learn ...fees trump all I guess
Believe it or not, long-time Netflix (NFLX -35.9%) bear Whitney Tilson has established a "small long position" in the company today, declaring its stock to be cheap. "We hope it gets cheaper so we can add to it," says Tilson, who covered his Netflix short position when shares were above $200. (more) [View news story]
clearly looking at price thinking it looks like a bargain when its management she should be looking at and continue to short them until they are dumped !
Business Insider says it's hearing that lots of AT&T (T) customers are having problems getting their new iPhone 4S (AAPL) to activate, with wait times from 15 minutes to two hours. For the fifth year in a row, it seems that AT&T's servers are being slammed with so many people trying to activate their iPhones at the same time. [View news story]
nonsense its AT&T.... just dreadful network connections and dropped calls esp. in Manhattan ...Can't imagine what they were thinking when they going to merge with T Mobile ,,,even worse ...the blind leading the blind. So why would you think they'd ever get right with a hot new product ....can't execute.... I am no fan of Telcos but at least Verizon works !
Martha Stewart Living (MSO -4.3%) is lower today after saying it was replacing its CFO with Marvel Entertainment's Ken West, and reshuffling its television business management team. [View news story]
I think its called rearranging deck chairs on the Titanic...sadly its time has passed !
actually you are wrong Terry330 ...opinion is not criminal other wise Obama would be impeached ...their are other media companies out there that come far closer to your definition but not because of their right to freedom of opinion . Have a nice weekend !
Pres. Obama today: "I think it would be hard for the Republicans to stand there and say that tax breaks for corporate jets [are] sufficiently important that we're not willing to... get a deal done." John Boehner: "His administration has been burying our kids and grandkids in new debt and offered no plan to rein in spending." Does this sound like two sides coming together toward a debt ceiling deal? [View news story]
Obama practices the politics of envy ... Disgraceful and anti American... It failed in Australia with the dismissal of the Whitlam administration. Seperately it ushered in Margaret Thatcher in the UK-- Why ? Because people want honest opportunity not disguised handouts which is the cornerstone of the Obama Administration
La-Z-Boy (LZB -11.6%) plummets after Wall Street Strategies analyst Brian Sozzi cuts shares to Hold from Buy, citing “basically non-existent” retail store traffic and rising commodity prices. La-Z-Boy met FQ4 earnings expectations, but CEO Kurt Darrow notes consumer buying attitudes "lacking the same robustness" seen in the early months of 2011. [View news story]
Looks like an indicator of a double dip ...core brand of middle class demand that is clearly wavering
La-Z-Boy (LZB -11.6%) plummets after Wall Street Strategies analyst Brian Sozzi cuts shares to Hold from Buy, citing “basically non-existent” retail store traffic and rising commodity prices. La-Z-Boy met FQ4 earnings expectations, but CEO Kurt Darrow notes consumer buying attitudes "lacking the same robustness" seen in the early months of 2011. [View news story]
Dallas Fed chief Richard Fisher reiterates his opposition to "massive QE programs" in a speech in El Paso saying "the ... inflationary consequences [are] as yet unclear, and will depend on how artful the committee will be in unwinding accommodation on a timely basis." Based on a trimmed mean analysis, the Dallas Fed concludes that inflation is indeed at or below 2%, but with regard to employment, Fisher notes "it is not clear that we will achieve a justifiable bang for the trillions of bucks the Fed has flooded the economy with." [View news story]
Trading A Defiant Market Against An Import Warning [View article]
Pres. Obama finds himself increasingly boxed in on the Keystone (TRP) pipeline fight, as more congressional Democrats join Republicans in backing the project, which has strong labor support and could generate lots of jobs in hard-hit states. An increasing possibility is a highway bill - also stuck - with a Keystone provision, which would put Obama in an awkward position. [View news story]
...Incremental acts seemingly as you say "odd examples " that create in there final moment (if he gets re elected) a fundamentally Socialist state by 2016...
...and in plain sight...but many good meaning people just don't see it !
"Google has forgotten why we loved it," bemoans Gizmodo's Mat Honan in a lengthy piece that bashes the changes pushed by Larry Page. With much of the Internet's knowledge now residing in personalized services and apps whose information is off limits, Google (GOOG) feels it has to both depart from its search-centric roots, and get its hands on more user info. But in doing so, Google is violating its users' trust, and damaging the quality of its core product. [View news story]
Sure to draw discussion today is Goldman's epic long call on equities coming out alongside GMO's caution. One interesting slide from the Goldman report - it expects global growth from 2010-19 to be the fastest of any decade between 1980 and 2050. (more of the Goldman report) [View news story]
"Of course" CEO Brian Moynihan's job is safe, Bank of America (BAC -3.6%) Chairman Charles Holliday tells CNBC. "He’s put things in place [and has] a great team there." On whether BofA will sell its Merrill Lynch brokerage, Holliday can't discuss details, but says it's a good fit: "If we just sell to our own customers, we have a great growth opportunity here in the U.S." [View news story]
Believe it or not, long-time Netflix (NFLX -35.9%) bear Whitney Tilson has established a "small long position" in the company today, declaring its stock to be cheap. "We hope it gets cheaper so we can add to it," says Tilson, who covered his Netflix short position when shares were above $200. (more) [View news story]
The Groupon Roadshow [View article]
Business Insider says it's hearing that lots of AT&T (T) customers are having problems getting their new iPhone 4S (AAPL) to activate, with wait times from 15 minutes to two hours. For the fifth year in a row, it seems that AT&T's servers are being slammed with so many people trying to activate their iPhones at the same time. [View news story]
Martha Stewart Living (MSO -4.3%) is lower today after saying it was replacing its CFO with Marvel Entertainment's Ken West, and reshuffling its television business management team. [View news story]
The News Corp. (NWS) hacking scandal claims another executive as veteran Dow Jones CEO Les Hinton steps down. (WSJ) (Earlier: Rebekah Brooks resigns) [View news story]
A report surfaces that Tim Geithner is considering leaving Treasury after finalizing a deal to raise the debt limit. [View news story]
Pres. Obama today: "I think it would be hard for the Republicans to stand there and say that tax breaks for corporate jets [are] sufficiently important that we're not willing to... get a deal done." John Boehner: "His administration has been burying our kids and grandkids in new debt and offered no plan to rein in spending." Does this sound like two sides coming together toward a debt ceiling deal? [View news story]
La-Z-Boy (LZB -11.6%) plummets after Wall Street Strategies analyst Brian Sozzi cuts shares to Hold from Buy, citing “basically non-existent” retail store traffic and rising commodity prices. La-Z-Boy met FQ4 earnings expectations, but CEO Kurt Darrow notes consumer buying attitudes "lacking the same robustness" seen in the early months of 2011. [View news story]
La-Z-Boy (LZB -11.6%) plummets after Wall Street Strategies analyst Brian Sozzi cuts shares to Hold from Buy, citing “basically non-existent” retail store traffic and rising commodity prices. La-Z-Boy met FQ4 earnings expectations, but CEO Kurt Darrow notes consumer buying attitudes "lacking the same robustness" seen in the early months of 2011. [View news story]