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GaltMachine

GaltMachine
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  • Weighing The Week Ahead: Is The Stock Market Correction Over? [View article]
    Strike,

    You could have taken the contrarian position on bonds this year and bought TLT (the 20+yr bond ETF) and returned at this point just over 16% YTD.

    That's not too bad.
    Oct 19, 2014. 11:10 AM | 3 Likes Like |Link to Comment
  • Obama appoints Ebola czar [View news story]
    You really think this guy is the most qualified person for handling something of this incredible seriousness in the entire universe of available applicants?

    I don't.

    I bet there are at least 10,000 people that are more qualified than a politically oriented lawyer to handle what could ultimately become the most dangerous national security risk of our lifetime.

    Of course we as citizens have to speak up when the government has revealed itself to beyond incompetent and verging on dangerous.

    But I am glad it doesn't bother you.
    Oct 17, 2014. 01:52 PM | 27 Likes Like |Link to Comment
  • Obama appoints Ebola czar [View news story]
    This would be hilarious if it weren't so tragic :(
    Oct 17, 2014. 01:45 PM | 17 Likes Like |Link to Comment
  • Commission-slashing real estate site launches [View news story]
    I am an investor in this company so of course I want it to succeed. We are very agent friendly we just want to focus on the needs of the consumer and help them to keep more of their profits - after all, they earned it!

    http://www.levelre.com
    Sep 27, 2014. 10:19 AM | Likes Like |Link to Comment
  • Tesla Motors has 500M reasons to build the Gigafactory in California [View news story]
    marsh,

    I read the Consumer Reports article and it mentioned they couldn't get into the car when the recessed door handles wouldn't function so that's where the comment comes from.

    Aesthetically it's really cool just never thought of the drawbacks until it was pointed out.

    I guess it is off topic but I thought it was interesting.
    Aug 12, 2014. 11:10 AM | Likes Like |Link to Comment
  • Tesla Motors has 500M reasons to build the Gigafactory in California [View news story]
    It's interesting that the car door design of recessed handles is so visually cool but it sure is a pain in the behind if you can't actually open the door.

    This is one of those unintended consequences of balancing technology and usability.

    Sometimes having the old-fashioned, back-up like a keyhole for a key isn't altogether a bad thing :)
    Aug 12, 2014. 09:51 AM | Likes Like |Link to Comment
  • Book Review: Fortune Tellers: The Story Of America's First Economic Forecasters [View article]
    Very interesting. People don't understand the fact that brokers are inherently conflicted when they trade from their own accounts and have no fiduciary requirement to the person they are speaking with. They can recommend a product for purchase that they are selling from their own accounts!
    Jul 18, 2014. 11:17 AM | Likes Like |Link to Comment
  • Housing Starts miss estimates in June [View news story]
    Whoa!
    Jul 17, 2014. 08:59 AM | Likes Like |Link to Comment
  • Tesla May Have A Huge Unfunded Warranty Problem Due To Defective Drivetrains [View article]
    Raster,

    I thought that was obvious, the Edmunds blog was referenced in this article without being quoted and I thought this summation from the author and driver/reviewer of the Tesla being tested was interesting and filled in some blanks without introducing any bias one way or another. I like to go to the source to form my opinion rather than have my opinion of the source's veracity determined by someone else.

    I was actually quite surprised by these mechanical issues.

    Just like SA, the comments section of the Edmunds blog is where the interesting stuff gets said.
    Jul 16, 2014. 01:00 PM | 1 Like Like |Link to Comment
  • Tesla May Have A Huge Unfunded Warranty Problem Due To Defective Drivetrains [View article]
    From the Edmunds' blog:

    "Driving around the past few days with this car has reminded me of how good it is. People often ask me what I think of it, and I tell them this is an awesome car, with a huge caveat: Be prepared for things to go wrong. The Model S is a highly advanced car from a company that is just learning the ups and downs of manufacturing vehicles on a large scale.

    I usually recommend that people lease an EV, rather than buy one. EVs are like smartphones: The technology moves so fast that three years from now, something vastly better will be out. Plus, it avoids any resale and long-term maintenance issues. But leasing is not an option for the Model S (unless you own a business), so if you're set on buying one, or already have one and plan on keeping it for a while, I would HIGHLY recommend that you buy the extended service plan for $4,000.

    Here's why: Tesla does not have a powertrain warranty like ever other carmaker. The drive units are covered under the new-car limited warranty of four years or 50,000 miles. Only Tesla knows what these drive units cost on a retail level, or the hours of labor you'd need to pay for a repair out of your own pocket.

    The battery has an amazing eight year or 125,000-mile warranty. And though we've replaced our battery once, experience has shown that it's the drive unit you should really be worried about."
    Jul 15, 2014. 05:16 PM | 4 Likes Like |Link to Comment
  • Ikea lifts minimum wage, adding pressure to McDonald's, Wal-Mart [View news story]
    Curious how this move puts pressure on walmart and McD's?

    This is how it should be done in any event - voluntarily without force.
    Jun 26, 2014. 11:49 AM | 3 Likes Like |Link to Comment
  • GDP contracted 2.9% [View news story]
    bbro,

    Come-on, even you have to admit this is a horrible number. There was exactly zero economists predicting this entering the year so what it proves is that consensus thinking is generally wrong - a very valuable lesson.

    That doesn't mean that the consensus that markets will collapse in a recession isn't wrong either which is why we should separate discussions of stocks from discussions of the economy.

    "PCE growth was revised down from 3.1% to 1.0%"
    Read more at http://bit.ly/1iFm13z
    Jun 25, 2014. 08:56 AM | 5 Likes Like |Link to Comment
  • GDP contracted 2.9% [View news story]
    Holy crap! All I can say is wow.

    Does it really need two quarters of negative growth to qualify as a recession when the drop is this big?
    Jun 25, 2014. 08:44 AM | 5 Likes Like |Link to Comment
  • Argentina refuses to pay $1.5B to bondholders [View news story]
    Who says history doesn't repeat?
    Jun 17, 2014. 09:30 AM | Likes Like |Link to Comment
  • Egypt swears in Sisi [View news story]
    When discussing religion and politics it is best to keep one's thoughts to oneself :)

    If I could delete this now I would.
    Jun 8, 2014. 04:02 PM | 2 Likes Like |Link to Comment
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