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E Thomas St.

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  • Whatever happens on the upside, gold won't fall below $1,000/ounce again, says Marc Faber of Gloom, Boom & Doom Report: "Central banks are all the same. They are printers. Gold is maybe cheaper today than in 2001, given the interest rates." Gold now +1% to $1,113.80.  [View news story]
    Ever is a long time.
    Nov 11, 2009. 12:43 PM | Likes Like |Link to Comment
  • The financial sector's five fatal flaws have created a monster that is draining the lifeblood of the real economy, professor William Black says: "The focus on finance carries a grave risk. Remember, the sole purpose of finance is to aid the real economy. Our ultimate focus needs to be on the real economy, which creates goods and services, our jobs, and our incomes."  [View news story]
    Try not making an absurd strawman.


    On Oct 14 06:39 PM Tack wrote:

    > Try running an economy with no financial system.
    Oct 14, 2009. 07:03 PM | 9 Likes Like |Link to Comment
  • YouTube has changed the way we watch video and has become an indispensable part of the Web, now serving up a billion views per day, so at some point Google (GOOG) CEO Eric Schmidt will have to deal with the fact that those views are netting an estimated $1.5M loss every day.  [View news story]
    12 year olds are going to have to make a tough sale to their parents on the importance of calling someone else a faggot over the internet.

    On Oct 09 04:48 PM Baeck wrote:

    > At some point, simply placing ads all over everything ceases to be
    > an option - mostly because no one actually pays attention to the
    > ads, so they generate little revenue. What really remains to be
    > seen is how many people view YouTube as indispensable enough to actually
    > pay some amount of money for the service.
    Oct 9, 2009. 07:27 PM | 1 Like Like |Link to Comment
  • Who else can share the blame for the housing bubble? How about urban planners? Differences in growth management may explain why California and Florida bubbled, but Georgia and Texas didn't - and may point the way to preventing the next one.  [View news story]
    Georgia most certainly did bubble or are we not counting the bank failures as a symptom of a bubble?
    Oct 2, 2009. 07:29 PM | 3 Likes Like |Link to Comment
  • As expected, the SEC proposes a ban on flash orders - sent to a small group of traders fractions of a second before being made public. The ban will have an unpredictable impact on high-frequency traders, who are just concerned that everyone hates them.  [View news story]
    Best article intro I've seen on this site.
    Sep 17, 2009. 05:40 PM | Likes Like |Link to Comment
  • America's biggest mall owner thinks it may be a somewhat more jolly holiday season for retailers than they think. David Simon of Simon Property Group (SPG) says some retailers have been too conservative about inventory after the previous year's heavy markdowns.  [View news story]
    I'll go a step further...He wants retailers to believe that they'll have a better season so he can lock them into leases and build comps off that before some of his lessees go tits up and provide more space.
    Sep 16, 2009. 12:03 PM | 3 Likes Like |Link to Comment
  • America's biggest mall owner thinks it may be a somewhat more jolly holiday season for retailers than they think. David Simon of Simon Property Group (SPG) says some retailers have been too conservative about inventory after the previous year's heavy markdowns.  [View news story]
    David Simon is hoping that the holiday season is more jolly because his business depends on it.
    Sep 16, 2009. 11:56 AM | 2 Likes Like |Link to Comment
  • Why Krugman's Analysis of Economists Is Wrong [View article]
    Accountants are bean counters. Economists are bean scientists in many different arenas.


    On Sep 09 08:23 AM ValFitzAndrew wrote:

    > Would this situation be better than when the "bean-counters" bubble
    > up to the "top" and dehumanize the business. I DON'T THINK SO! :-(
    >
    Sep 9, 2009. 12:00 PM | Likes Like |Link to Comment
  • Why Krugman's Analysis of Economists Is Wrong [View article]
    Yeah, if only more Economists ran businesses themselves rather than studying them impartially as part of research projects...
    Sep 8, 2009. 12:28 PM | Likes Like |Link to Comment
  • Why REIT ETFs May Be Poised to Prosper After Recovery [View article]
    We'll have to wait and see on hotels;

    1 - I'm currently running some numbers on RevPar, Supply, Occupancy and hotel valuations over the past 5-10 years. I'll post some stats when I'm done.
    2 - On cursory basis, I don't think a lot of players in the hotel industry can sustain another year of RevPar declining in double digits YoY or much of an absolute decrease from peak. There's been a huge expansion in supply, which in itself has presented non debt related problems. Refinancing has been beneficial on one side of the balance sheet but if we're looking for peak valuations again, the income side has to return.
    3 - Which is precarious because of the impact that oil prices have on travel, either business or personal (and from everything I've seen come across my desk, business travel has been the big laggard). Can hotels survive a recovery if it results in less travel due to inflationary pressure? Perhaps.
    Sep 2, 2009. 04:50 PM | Likes Like |Link to Comment
  • SEC and CFTC leaders Mary Schapiro and Gary Gensler take timid steps toward harmonization of their oversight at the regulators' first-ever (!) meeting this morning (webcast). Industry insiders say their turf war is hampering innovation.  [View news story]
    Innovation isn't a end unto itself.
    Sep 2, 2009. 11:46 AM | Likes Like |Link to Comment
  • The battle between FedEx (FDX) and the Teamsters warms up a bit as the union urges shareholders to separate the CEO and chairman positions at the company, a proposal which got 34% support last year. The Teamsters represent drivers at UPS (UPS) and dispute FedEx classifying its drivers as self-employed entrepreneurs.  [View news story]
    I'd like to see a reasoned argument as to how Fed Ex's policy is right and even makes sense.
    Aug 31, 2009. 02:27 PM | Likes Like |Link to Comment
  • The Equal Employment Opportunity Commission charges AT&T (T +0.8%) with age discrimination. A lawsuit filed in Manhattan says the phone company's policy not to rehire employees who retired from the company discriminates against over-40 workers.  [View news story]
    Hopefully that month in Tuscany will erode the already remedial technology skills that they have so that they will only be suited to the most menial and degrading jobs possible.


    On Aug 20 01:54 PM Anthony Alfidi wrote:

    > I suspect we'll see a lot more of this as Baby Boomers run back to
    > the workforce to pay for the retirements they can no longer afford.
    > Gens X-Z will lose big time.
    Aug 20, 2009. 02:04 PM | Likes Like |Link to Comment
  • The Equal Employment Opportunity Commission charges AT&T (T +0.8%) with age discrimination. A lawsuit filed in Manhattan says the phone company's policy not to rehire employees who retired from the company discriminates against over-40 workers.  [View news story]
    Retirement do-overs? How pathetic.
    Aug 20, 2009. 02:01 PM | Likes Like |Link to Comment
  • Breaking with consensus, Bloomberg's Matthew Lynn thinks investors have no right to pry into Steve Jobs' health, or that of any CEO. "There are all sorts of things that can go wrong with a company. Shareholders can't be protected from every type of risk."  [View news story]
    Do health insurers have the right to pry into genetic predispositions to certain diseases?
    Jul 14, 2009. 01:43 PM | Likes Like |Link to Comment
COMMENTS STATS
139 Comments
205 Likes