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Gene Jaquet

Gene Jaquet
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  • Wall Street Breakfast: Amazon Shares Surge After Profit Beat [View article]
    Having got burnt in WATG and LFT a few years back, I won't be going back into that market anytime soon, at least until China develops a feisty and independent judiciary. Growth prospects may be great (relatively speaking) but without transparency and corporate governance, the chinese market remains unsuited to a long-term investment strategy. The wolf of Wall Street is a lamb by comparison.
    Jan 30, 2015. 08:00 AM | 11 Likes Like |Link to Comment
  • Wall Street Breakfast: The Heavy Earnings Week Continues [View article]
    @Husker - the problem is that it's now too late to fix the Palestinian problem. Certain events in history are just that - history. We have to live with the consequences. The 2nd invasion of Iraq (the W invasion) was another monumental error, and again we cannot rewrite history.

    Those two things go a long, long way to explaining why we have a problem in the Arab world. The third and final thing was the Iranian revolution that brought down our puppet - the Shah. But that just shows how impossible it is to simplify history: in the Iranian case we supported a despot and it was a mistake, in the Iraqi case we overthrew a despot and it was also a mistake. There are no one-size-fits-all foreign policy goals. People should remember that before critisizing BA for being 'inconsistent'.
    Jan 30, 2015. 05:31 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: The Heavy Earnings Week Continues [View article]
    Do I have constructive suggestions? Let's start by fixing the root cause of the problem. People forget that we were the target of Arab terrorists long before radical Islam or jihad scumbags. The Palestinian problem needs to be fixed, and the ethnic cleansing needs to end. We have enabled the military occupation of a conquered territory for over 30 years now (we finance it, we supply the weapons, and we provide cover in the UN) and that is an aberration in the modern world. It has not surprisingly turned a generation or more of Arabs against us - for what?
    Jan 29, 2015. 03:52 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: The Heavy Earnings Week Continues [View article]
    @ Bob 123 - Well I'm the guy up-thread, and for the record I'm not a Republican, I just thought the joke was funny. Sorry if you've heard it before, I hadn't. Your reaction reminds me of those who take kalashnikovs to settle scores when somebody draws a caricature of their prophet. Lighten up.
    Jan 29, 2015. 02:42 PM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: The Heavy Earnings Week Continues [View article]
    Gee... and I thought the HUGE global shift in the entire petroleum business over the last decade was due to fracking. Now I know it's really due to refiners tweaking the output mix between gasoline and diesel. Amazing.
    Jan 29, 2015. 10:56 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: The Heavy Earnings Week Continues [View article]
    @JDinNJ - agree w/you, but then again, it's just a joke...
    Jan 29, 2015. 10:47 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: The Heavy Earnings Week Continues [View article]
    My contribution to happy Thursday - a story told me by a Republican friend who swears he really did have this conversation...

    Recently, while I was in my yard, some neighbors stopped by as they returned from a walk. During our friendly conversation I asked their little girl what she wanted to be when she grew up. She said she wanted to be President someday.

    Her parents (both Democrats) were standing there, so I asked the girl "Well if you were President what would you do?" She replied... "I'd give food and houses to all the homeless people." Her parents beamed with pride!

    "That's very worthy" I told her. "But you don't have to wait until you're President to do that!"

    "What do you mean?" she asked. So I said "You can come over to my house, mow the lawn and pull out the weeds, and I'll pay you $25. Then you can go into town, where the homeless guy hangs out, and give him the $25 so he can buy some food."

    She thought about it for a few seconds, then looked me straight in the eye and asked "Why doesn't the homeless guy come over and do the work, and you can just pay him the $25 directly?"

    I said, "Welcome to the Republican Party."
    Jan 29, 2015. 09:26 AM | 29 Likes Like |Link to Comment
  • Wall Street Breakfast: Microsoft Profit Stung By Sluggish Windows [View article]
    Sammie didn't insult anyone - stop crying, girls.
    Jan 27, 2015. 04:12 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Microsoft Profit Stung By Sluggish Windows [View article]
    There will now be more versions of Windows than there are films in the Rocky series.
    Never thought I'd see the day, sorry Sly.
    Jan 27, 2015. 03:52 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: European Markets Face Syriza Victory [View article]
    Eric, I work for Google. You know that call you made last night, when Fred reminded you it was your wedding anniversary tomorrow, and you had forgotten? Well don't worry, I won't tell your wife. Sleep tight.
    Jan 26, 2015. 05:49 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: European Markets Face Syriza Victory [View article]
    @Crademan - good point. I suspect that because the population is so low a small amount of money makes a big % difference.
    Jan 26, 2015. 01:57 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: European Markets Face Syriza Victory [View article]
    Hilarious. And all those private jets had to tank up with kerosene costing +30% thanks to the revaluation of the swiss franc last week !!!
    Jan 26, 2015. 01:53 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: European Markets Face Syriza Victory [View article]
    @GGGL "In Europe ultra-conservatives have taken up the banner anti-immigration. The most extreme want to deport all immigrants while the more reasonable ones simply want a stop to this escalation in immigration."

    For the record, there is no political party anywhere in Europe that wants to deport all immigrants. Unless you count a handful of neo-nazis thugs meeting in a basement as a political party.

    The most extreme European political party (to have won so much as a local election) does indeed want to stop further immigration, and tighten welfare rules for immigrants, but that puts them somewhere to the left of any number of American politicians.
    Jan 26, 2015. 01:39 PM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: European Markets Face Syriza Victory [View article]
    @TBill - Socialism has nothing to do with it. All Greek governments, left right and center - and pretty much all Greek middle class households - took advantage of ultra low interest rates to spend their way into a hole.

    A much more pertinent explanation is tax-dodging, for which Greeks are legendary. I've lived in Greece for 4 years, albeit long ago, and can testify first hand to their willingness to "bend the rules". I am of course being politically correct, and many of them are downright dishonest : remember the cotton-growing scandal in the 90's, when they cheated on EU subsidies, or the government accounts that were, well... inaccurate. I love the place and the people but they are not straight-shooters.

    Whatever the root cause of the mess, blaming it on socialism only satisfies your own bias, and doesn't provide the explanation. Nice try.
    Jan 26, 2015. 01:29 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: European Markets Face Syriza Victory [View article]
    Yup, more sanctions on Russia. Putin is pouring more troops into eastern Ukraine and stepping up the killing. It only confirms the old axiom, when things go bad at home, find a bogey-man abroad and rally the population.

    His management of the Russian economy has been disastrous - the "new" economy has been so disadvantaged compared to the mining and energy sectors (with cronies picking over outdated infrastructure like vultures over a carcass) that they cannot now survive the global commodity slump. Russia has the best mathematical minds in the world - why don't they have a software industry? With all that oil money sloshing about, why don't they have a world class banking sector? And what about agricultural exports - it's not as if they didn't have enough land.

    Putin will need to do a lot more than lob a few shells on hapless Ukrainians in order to boost his domestic support. He needs a REAL war - prepare for the worse.
    Jan 26, 2015. 08:51 AM | 11 Likes Like |Link to Comment
COMMENTS STATS
599 Comments
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