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Gene Jaquet

Gene Jaquet
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  • Wall Street Breakfast: BP To Spend $1B On Restructuring [View article]
    "we are at all-time highs are you high on all of the euphoria?"

    Do the maths: we have been at all-time highs for much of the past 5 years - how else do you think we got from S&P 1,000 to 2,000? An all-time high is by no means a sell signal.

    That said, things were bound to get wobbly after the market raced up for 2 months without a break, but once people factor in the $1.5 trillion dollar windfall to the global economy from lower oil prices, I think we'll avoid an all-out crash. IMHO.
    Dec 10, 2014. 03:47 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Brent Falls To New 5-Year Low [View article]
    James, just a question- why do you always write NOT in capital letters?
    Dec 8, 2014. 03:50 PM | Likes Like |Link to Comment
  • Crude Oil: A Bounce Is On The Horizon [View article]
    "It's only a matter of time before crude oil will bounce for technical reasons"
    For technical reasons? That's a joke, right?
    Dec 8, 2014. 03:39 PM | 22 Likes Like |Link to Comment
  • Wall Street Breakfast: Apple Heads To Trial Over iTunes Update [View article]
    "Twisted statistics" reminds me of a gem I read a while back:

    If we sat down to dinner and you ate a whole chicken and I ate nothing, a statistician would say we both ate half a meal.
    Dec 2, 2014. 09:36 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Apple Heads To Trial Over iTunes Update [View article]
    "Come to your own conclusions on the high sales. Mine is - gun control is not popular, nor acceptable, to the average American."

    My conclusion: funeral parlors will be doing brisk business, especially those near high schools.
    Dec 2, 2014. 09:32 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: ECB To Decide On QE In First Quarter [View article]
    "What if oil prices skyrocketed and gas doubled next month?"
    Answer: As an XOM, KMI, EPD shareholder, I would be seriously rich.

    "What if all domestic growers decided that they can earn more $ by selling all of their crops overseas?" Answer: farmers would be seriously rich.

    Your questions are loaded: prices don't skyrocket without reason, at least not in the long term. They skyrocket because demand outstrips supply, that's how capitalism works. And if we as a nation are sitting on tons of oil, gas and crops, and no one else is, then we as a nation are lovin' it. Laughing all the way to the bank. Unless of course we're stupid enough to hoard all that stuff for ourselves.

    Go Jets!
    Nov 26, 2014. 02:31 PM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: ECB To Decide On QE In First Quarter [View article]
    "When gas gets under $2.00 a gallon then we can export oil, otherwise I don't see how it benefits the American consumer."

    There are 2 answers, one political and one economic.

    Since when have oil and gas companies, or any company for that matter, had a responsibility to benefit the American consumer? They have a responsibility to benefit themselves, and they do that by best serving their customers (wherever they are) at the best prices with the best products.

    Wake up and smell the fumes: countries that have massive energy reserves, and that hoard them, are most often basket cases. This is because keeping energy prices artificially low (i.e. below world fair-market prices) distorts the efficient allocation of resources - capital gravitates to heavy smokestack industries and away from services, for example.

    The American economy (the consumer) would best benefit from the huge improvement to our balance of trade that comes from oil exports, not from an indirect subsidy to oil prices. Meanwhile because the oil is produced locally and need not be shipped, and the gas need not be liquefied, we still benefit from relatively lower prices in the US.

    Don't mess with the market.
    Nov 26, 2014. 12:53 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Santander CFO Alvarez Named New CEO [View article]
    PS Rich: imagine if they had to label the calories on 'poutine'.
    There wouldn't be enough space for all the zeros!!
    Nov 25, 2014. 11:49 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Santander CFO Alvarez Named New CEO [View article]
    Nothing wrong with food companies responding to public demand to label the calorie or cholesterol count, the omega-3 content, or whatever else. The more information the better: it's called marketing.

    What I do have a problem with is the government dictating what to label, over and above a truthful statement of what's in the packet and where it comes from. The perfect example is zero-calorie food: it's been processed to take the calories out, lord knows what else that process has added or altered.

    Again, stick to the natural stuff: your body is designed for just that.
    And of course, drink craft beer!
    Nov 25, 2014. 11:46 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Santander CFO Alvarez Named New CEO [View article]
    @Bob123 - Sorry don't agree. I'm old enough to choose what I want to eat, and smart enough to have figured out what's good and what's bad for me.

    There should be a law (and there is) that forces food manufacturers to label every ingredient, preferably in big letters. All the rest is bull : today's theory is that too many calories are bad, yesterday it was saturated fats, tomorrow it will be glucose or whatever. We need information, not orders.

    I'll bet the barn you can become obese by binging on zero calorie food !!

    The human metabolism has been honed to near perfection by eons of evolution - stick to the stuff it was designed to eat. By that I mean the stuff that grows out of the ground or on the hoof, not the chemical soup they call "low fat".

    And drink craft beer.
    Nov 25, 2014. 11:26 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Santander CFO Alvarez Named New CEO [View article]
    Requiring calorie counts on menus is absolute nonsense. It leads people to believe that calories are the determinant of a good diet. They are not.

    The simple rule is : the less processing is involved, the better the food. The "closer to the ground" your food is, the healthier it is - avoid cans, tubes, boxes, and eat stuff without additives. That is the dirty little secret the food industry doesn't want you to know (let alone the diet and slim-fast industry).

    Stay trim : eat stuff straight from the green grocer and the butcher. And drink craft beer.
    Nov 25, 2014. 07:20 AM | 18 Likes Like |Link to Comment
  • Wall Street Breakfast: China Stocks Surge After Rate Cut [View article]
    Thinking of investing in Russia? Take advice from Jason C :

    "You cannot own Gazprom. You cannot own a piece of Gazprom. A share of Gazprom is a lottery ticket that means whatever Vladmir Putin says it means next week. He owns the state, and the state controls every scrap of property in Russia, and the lives of all of its residents. It will do whatever he tells it to do. If he tells it to never give you a dime for your lottery ticket, you will get nothing... A "share" in a Russian company, especially one so tied to and subservient to the criminal enterprise that is the core of the Russian state, doesn't mean diddly squat."
    Nov 24, 2014. 03:27 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: China Stocks Surge After Rate Cut [View article]
    Gotta love him. It's about time Japan had an imaginative prime minister.

    Contrast that with Jean-Claude Junker : "due to announce a $26B fund in an attempt to fix stagnant investment by private companies."

    Apparently it can be done without raising further 'contributions'.. Really? That only proves there is some $26b of waste elsewhere in the EU budget.

    Prepare yourself for a bureaucratic monster, costing zillions to administer, taking years and years to set up, all in order to flush money down the drain - unless of course you believe bureaucrats are better at investing in the private sector than... the private sector.

    It's high time politicians defined their job as setting the conditions for wealth creation, not trying to create wealth themselves.
    Nov 24, 2014. 03:14 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Nikkei Dives As Japan Slips Into Recession [View article]
    Powerful stuff, Al
    Nov 17, 2014. 12:48 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: France, Germany Report Slight Growth In Q3 [View article]
    "I like to pay taxes. With them I buy civilization"
    Nov 14, 2014. 10:08 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
563 Comments
1,549 Likes