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  • Next week's IPO for General Motors (GM) is heavily oversubscribed - to the tune of six times, at $60B for the $10B in common shares - and should price at the top of its $26-29 range, sources say. With overallotment, the total raise could be $15.65B, putting it just behind Visa (V) as the second-largest U.S. IPO.  [View news story]
    I hope the unions buy it all.......they deserve it...
    Nov 12, 2010. 05:16 PM | Likes Like |Link to Comment
  • Morgan Stanley (MS) may spin off its quant trading unit, Process Driven Trading, in the wake of the Dodd-Frank Act, which restricts banks' prop trading. The plan: PDT, headed by quant whiz Peter Muller, would retain access to Morgan Stanley’s resources, and Morgan would keep a minority stake in PDT.  [View news story]
    we spin it off..but we still own it...great....its all good now ..right Senator Dodd.....
    Nov 12, 2010. 09:30 AM | 1 Like Like |Link to Comment
  • Spreads between Irish bond yields and German benchmark issues fell to 635 bps after spiking to 700 bps over concerns of a painful bailout. Still, notwithstanding EU reassurances, Fox's Brian Sullivan thinks Ireland will default: "Already facing a massive budget gap, how will Ireland be able to pay an even higher interest rate on its debt, all while trying to implement tough austerity measures?"  [View news story]
    Harry..I agree with you...its banks vs countries right will be interesting to see who wins..
    Nov 12, 2010. 09:14 AM | 3 Likes Like |Link to Comment
  • 51% of respondents to a new Bloomberg poll agree with Brian Sullivan that the onetime 'Celtic Tiger' will default on its debt within the next 18 months. A full 71% believe Greece will default, while 38% said Portugal would fail to make good on its foreign debt.  [View news story]
    oh no..not the PIGS again......I thought this was all taken care they will default..or they print money...same as the USA...we should default also...but they will just print....but the rest of the world knows this..and is making different arrangements...that is the scary part..
    Nov 12, 2010. 09:11 AM | Likes Like |Link to Comment
  • One of Europe’s biggest clearinghouses warns investors that they could be compelled to pony up substantially more money to trade in Ireland’s debt. Irish CDS rise for a ninth straight day, soaring 27 basis points to an all-time high; credit swaps on the other European peripheral nations also jump.  [View news story]
    I should be the strong Colombian peso..the strong Brazilian real..the strong Canadian Lune.....the Strong Australian dollar....not the Euro or the US Dollar....we need to bring the currencies to the future...
    Nov 5, 2010. 10:21 AM | 1 Like Like |Link to Comment
  • The latest productivity report shows that labor costs that went into a unit of production fell this summer, another sign that the economy is a long way from worrisome inflation. “Labor costs will be putting downward pressure on inflation for the foreseeable future,” Ian Shepherdson of High Frequency Economics writes.  [View news story]
    they are lower because they are cutting jobs.....and probably cutting wages also....not good when commodities are going up
    Nov 4, 2010. 06:46 PM | Likes Like |Link to Comment
  • David Stockman doesn't mince words: "Today the Fed is scared to death that the boys and girls and robots on Wall Street are going to have a hissy fit. [Its programs are] designed to somehow pacify the stock market, [fooling] the people into thinking they are wealthier... The Fed is injecting high-grade monetary heroin into the financial system of the world, and one of these days it is going to kill the patient."  [View news story]
    I'll take the precious metals..not the paper stocks..they can and will issue more...and the government can regulate and tax them....windfall profits comes to mind....this is going to get up 30% next year...and the whole world mad at us.....
    Nov 4, 2010. 06:43 PM | 7 Likes Like |Link to Comment
  • Dubai World gets full approval from creditors to restructure nearly $25B in debt, ending more than tens months of negotiations, but leaving creditors grumbling. The new terms push payments years into the future, with minimal commitment to raise cash through asset sales.  [View news story]
    1 down...50 to go.....
    Oct 27, 2010. 08:21 AM | Likes Like |Link to Comment
  • The U.S. fell out of Transparency International's list of the 20 least corrupt nations, thanks to declining faith in prevailing ethics due to "lending practices in the subprime crisis, the disclosure of Bernard Madoff's Ponzi scheme and rows over political funding." Too late to include in the calculus: the foreclosure mess.  [View news story]
    but we invest thinking we are a safe, great country..when in fact we are not...while in know they are corrupt so you invest knowing that fact...
    Oct 26, 2010. 04:24 PM | 2 Likes Like |Link to Comment
  • A group of large commercial banks asks the Supreme Court to review a March ruling requiring the Fed to disclose who came to the discount window during the crisis - but the Fed isn't joining in calls to reconsider. The Clearing House Association is a who's who of big banks, including BAC, C, DB, JPM, UBS, WFC.  [View news story]
    The banks will win.....period...if you think we the little people have a say in where our money is are wrong...
    Oct 26, 2010. 03:10 PM | Likes Like |Link to Comment
  • The Treasury sells $35B in two-year notes at 0.4% (.pdf), a record low yield. Bid-to-cover ratio of 3.44, vs. a recent 3.42; indirect bidders take 40%, vs. a recent 35.6%. Direct bidders take 15.9%, vs. a recent 14.4%. Treasurys stayed lower overall: 30-year yield +0.05 to 3.96%; 10-year +0.04 to 2.61%; 5-year +0.04 to 1.22%; 2-year +0.02 to 0.39%.  [View news story]
    Yes...I donĀ“t even read this statistic anymore.....nor the mortgage keep in tune with the economy..they are fake numbers now..
    Oct 26, 2010. 03:07 PM | 1 Like Like |Link to Comment
  • Sept. Consumer Confidence Index: 50.2 vs. 49 expected and 48.5 prior. Present situation 23.9 vs. 23.3 prior. Expectations 67.8 vs. 65.5 prior. "Consumer confidence, while slightly improved from September levels, is still hovering at historically low levels... Both present and future indicators point toward more of the same in the coming months."  [View news story]
    Summer of
    Oct 26, 2010. 10:22 AM | Likes Like |Link to Comment
  • Aug. FHFA Housing Price Index: +0.4% month-on-month, vs. -0.7% (revised from -0.5%) in July. Year-on-year, prices are -2.4%.  [View news story]
    and another down revision for the previous month
    Oct 26, 2010. 10:21 AM | Likes Like |Link to Comment
  • Ford (F): Q3 EPS of $0.48 beats by $0.10. Revenue of $29B (-4.3%) vs. $29.1B. Shares -1.9% premarket. (PR)  [View news story]
    I live in Colombia...I bought a Ford Edge after the Government Motors fiasco.....last year I saw very few Fords down there is a lot...I think there sales have tripled down here...this is where the growth is...the USA is where you steal market share and they are...
    Oct 26, 2010. 09:44 AM | 1 Like Like |Link to Comment
  • Lots to like about Ford's (F) latest results, reporting its sixth straight profitable quarter and expecting to boost Q4 production Y/Y. Buyers of Ford vehicles paid an average of $30,636 per model in September, up 10% from five years ago. Ford has "elevated its brand... attracting a more discerning buyer who has more income and can afford more options." Shares, +42% YTD, -2% premarket.  [View news story]
    I am one...but I wonder how much of their sales gain is because no one wants to buy a Government Motors car.....I did...My purchase was purely political...
    Oct 26, 2010. 09:18 AM | Likes Like |Link to Comment