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Bill S. Friend

Bill S. Friend
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  • Dr. Doom at the helm of the World Bank? Blackhawk's Ziad Abdelnour makes the case to select Nouriel Roubini for the top job based on his "strong sense of reality" as witnessed by his call on the collapse of the U.S. housing market. Roubini has accumulated the requisite clout by hobnobbing with politicians across U.S., Asia, and Europe - while maintaining a needed sense of independence and realism. Other choices: Hillary Clinton, Larry Summers (previous), and surely an ex-Goldman alum or two (?).  [View news story]
    Ruobini predicted gold wouldnt surpass $1300.
    Feb 27, 2012. 07:17 PM | Likes Like |Link to Comment
  • Dr. Doom at the helm of the World Bank? Blackhawk's Ziad Abdelnour makes the case to select Nouriel Roubini for the top job based on his "strong sense of reality" as witnessed by his call on the collapse of the U.S. housing market. Roubini has accumulated the requisite clout by hobnobbing with politicians across U.S., Asia, and Europe - while maintaining a needed sense of independence and realism. Other choices: Hillary Clinton, Larry Summers (previous), and surely an ex-Goldman alum or two (?).  [View news story]
    Rubini predicted gold would never surpass $1300..
    Feb 25, 2012. 11:22 PM | Likes Like |Link to Comment
  • Transportation ETF Fires A Dow Theory Warning Shot [View article]
    Stocks are rising and oil is up ten percent this week. The frustrating fact is that we all know Iran has initiated some long investments in oil prior to all this sabre rattling. It doesnt take a chartist to determine that we are near a breaking point, and should oil continue its rise stocks cannot maintain an upward trajectory. The United States markets are once again manipulated.
    Feb 25, 2012. 11:13 PM | Likes Like |Link to Comment
  • Priceline: A Frothy Valuation, But Still A Momentum Play [View article]
    I would back a plan to launch William Shattner on a one way near orbit of Uranus. It holds more promise than that of the current PCLN business plan and the IPO would go stratospheric. Ethical businesses offer customer satisfaction or their money back, but not PCLN. At some point disgruntled customer will invoke a class action lawsuit against their shady practices and then we will see where the price target is.
    Feb 22, 2012. 08:25 PM | Likes Like |Link to Comment
  • Don't Be Fooled By The 'Breakout' In Stocks [View article]
    Bain Capital is a Boston-headquartered alternative asset management and financial services company that specializes in private equity, venture capital, credit and public market investments.
    Mitt Romney led Bain Capital from 1984-1998 during which time Bain made 113% annually. He wanted to drop a Bain Capital hedge fund that initially lost money, but other partners prevailed and it eventually gained billions.
    Romney was on the board of directors of Damon Corporation, a medical testing company later found guilty of defrauding the government; Bain Capital tripled its investment before selling off the company, and the fraud was discovered by the new owners (Romney was never implicated). In some cases Romney had little involvement with a company once acquired. Bain Capital's acquisition of Ampad exemplified a deal where it profited handsomely from early payments and management fees, even though the subject company itself ended up going into bankruptcy.
    yada yada yada....
    Feb 21, 2012. 10:10 PM | Likes Like |Link to Comment
  • Don't Be Fooled By The 'Breakout' In Stocks [View article]
    Irrational exuberance rules yet again as too much money chases too few stocks. Increasingly good stats buoy the economy even as evidence to the contrary abounds. If you dont like the answer, change the equation, as the government does in this election year. One in six Floridians is on food stamps, people are underemployed, and empty houses dot neighborhoods. The poor become poorer even as a hedge fund raider with an income of $20 million+ annually claims to know the suffering average families face, and fights for the republican nomination for president. How apathetic.
    Feb 19, 2012. 10:24 AM | 12 Likes Like |Link to Comment
  • Greece's Day Of Reckoning Is Only The Start [View article]
    Very succinct analysis of the Greek tragedy. The word default may never be used to protect the EU and major financials. The spin is amazing! Unfortunate for bond holders as more debt is issued, the symantics seem to have more influence than the reality of the situation. If officially "default" cannot occur when bonds are paid at 30 cents on the dollar, default will never occur, either in Greece, Portugal, or any EU country.
    Feb 19, 2012. 10:07 AM | 4 Likes Like |Link to Comment
  • Greece agrees to lay off 15,000 public-sector workers by the end of 2012, a government minister says, which would signal a concession after meetings between PM Papademos and Greece's political leaders over a reform program demanded by the country's creditors had been delayed for another day.  [View news story]
    Apathy reigns in America. Many Americans would sooner starve than pluck a chicken.
    Feb 19, 2012. 09:42 AM | 2 Likes Like |Link to Comment
  • The House and Senate approve legislation renewing the payroll tax cut, but the latest inflation data shows any savings could be offset by rising gasoline prices. The higher costs could be somewhat offset by lower winter heating bills for now, but those savings will fade as spring driving season begins. By then, experts say gasoline could be over $4/gallon.  [View news story]
    Good point Jstratt, except invest in what? Once burned twice shy. I thought real estate was a safe play until corporate raiders devised a scheme to blow that industry up. It seems whenever I find a good thing they are two steps behind me with a think tank focused on obtaining my money.
    Feb 17, 2012. 09:49 PM | 2 Likes Like |Link to Comment
  • Stocks Surge Thanks To Good Economic Data [View article]
    Greece has been on the verge of a deal for six (?) weeks! If they had it together it would be done by now. Default is looming more and more likely. They will certainly not publicize how much money is flowing out of Greece right now but I would say its significant. Portugal is next. Jawboning alone cannot avert this debacle!
    Feb 16, 2012. 11:10 PM | 1 Like Like |Link to Comment
  • Greece agrees to lay off 15,000 public-sector workers by the end of 2012, a government minister says, which would signal a concession after meetings between PM Papademos and Greece's political leaders over a reform program demanded by the country's creditors had been delayed for another day.  [View news story]
    Whew! Problem solved! Whats next on the agenda?
    Feb 6, 2012. 10:15 PM | 3 Likes Like |Link to Comment
  • Time To Get A&F At A Bargain [View article]
    My local ANF has redline merch at an additional 30% off, and I would suspect thats the trend nationally. Marking down inventory is sure to generate more sales.
    Feb 6, 2012. 07:01 PM | Likes Like |Link to Comment
  • Baltic Dry Index Plumbs New Lows [View article]
    As the previous low predated the Dows precipitous decline in March of 2009 by 3 months it is a bit alarming, and it will be interesting to see if another decline is coming.
    Feb 2, 2012. 03:04 PM | Likes Like |Link to Comment
  • The Silver Singularity Is Near [View article]
    Extend and pretend is the Eu's strategy however impossible the mathematics is. Greeces' eventual demise is a forgone conclusion despite the jabbering issued from these (sixteen!) summits. Waiting in the wings is the rest of Europes misbegotten children all holding empty bowls, waiting for their turn. Perhaps the word "default" will never be uttered yet it would seem that is exactly what is happening right now.
    Jan 31, 2012. 09:53 AM | 2 Likes Like |Link to Comment
  • Greece and its private creditors may be close to a deal on a debt swap, but the country's officials angrily reject a leaked German proposal that an EU budget commissioner should have veto powers over Greece's budget if it is not in line with targets set by international lenders.  [View news story]
    Its really basic math at this point, and its doubtful anything can be done to stem the tide even if Greece was a willing participant.
    Jan 31, 2012. 09:15 AM | Likes Like |Link to Comment
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