mike mohr

mike mohr
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  • Now's the time to end the mortgage interest deduction, Amity Shlaes argues; the housing industry's old canard about such a move destroying the market doesn't hold much water - we're already there. People actually "might well invest more in houses than we imagine if, for once, they know what those houses are really worth."  [View news story]
    Mitt+Pyan = destroying middle class. Many people bought their homes based on the mortgage deduction. Taking that away not only destroys the middle class it will destroy their home values. This is a good plan because he only pays 14% income tax unlike us.
    Sep 1, 2012. 12:23 PM | 1 Like Like |Link to Comment
  • A leading expert of monetary policy is urging the Fed to reform its policy guidance to make clear it will hold interest rates close to zero, even after the economy starts to recover. Columbia's Michael Woodford told officials they need to better explain the reason behind any rate forecast, because current guidance could be having a perverse impact of simply implying that the economy is going to be weak until the end of 2014, which will not entice businesses or consumers to increase spending.  [View news story]
    Fed is out of bullet they are bluffing. Short if you can by selling long dated out of money calls
    Aug 31, 2012. 09:46 PM | 1 Like Like |Link to Comment
  • If you're looking for signs of a recovery, look no further than your own 401(k) retirement plan. They're back in vogue, with employer participation returning to pre-crisis levels. Nearly 73% of companies are now offering matching contributions their programs, which had dwindled along with performance during the height of the financial meltdown. Participant advice availability has has also soared to 83% of employers, nearly double the 42% in 2005.  [View news story]
    Good time for Goldman to unload their inventory on average Joe.
    Aug 30, 2012. 09:56 PM | Likes Like |Link to Comment
  • Here's an alarming factoid to take away from BoA's John Paulson call today: Paulson's gold fund - the lynchpin in his strategy for recovery - cratered a whopping 22% between early January and July 31, drastically under-performing even the dismal returns of his flagship funds, which were down 13% and 18% respectively over the same period. No matter how you look at it, that kind of volatility is going to be a tough sell for BofA advisors with their clients come this fall.  [View news story]
    He wins when he cheats with the help from Goldman
    Aug 29, 2012. 10:17 PM | Likes Like |Link to Comment
  • Some jobs remain beyond the reach of automation, but the list is growing shorter. "The pace and scale of this encroachment into human skills is relatively recent and has profound implications," says MIT's Andrew McAfee. Next: Robots with "eyes" (using technology found in Microsoft's Kinect) that can pick up boxes and drop them on a conveyer belt. Think FedEx and UPS.  [View news story]
    Total B.S. American software and hardware companies have shipped software and hardware jobs to India and China. Robots are nothing but specialized computers.
    Aug 19, 2012. 03:39 PM | Likes Like |Link to Comment
  • Russell Wasendorf Sr., the former head of bankrupt commodity firm Peregrine Financial Group, was indicted on 31 counts of lying to regulators today. Wasendorf, who allegedly stole as much as $215M from customers over a 20-year period, was arrested in early July after attempting suicide and is facing up to 155 years in prison and a $7.8M fine.  [View news story]
    John Corzine did the same thing and stole more but he is walking free.
    Aug 13, 2012. 08:38 PM | 5 Likes Like |Link to Comment
  • Goldman Sachs takes down its rating on Priceline (PCLN) to $760 following Q2 results (I, II), but keeps a Buy rating firmly in place. After sizing up earnings multiples, the firm says it continues to believe the risk/reward profile on PCLN is favorable.  [View news story]
    Here is your sell signal on the next bounce.
    Aug 8, 2012. 09:14 AM | 2 Likes Like |Link to Comment
  • Now that the second quarter has come to a queasy finish, it's time to look ahead at what to expect for the next quarter. Looking back on the recent quarter, with nearly 85% of the S&P 500 companies reported, it doesn't bode well. Just 51% have exceeded net profit expectations, and only 40% or so beat on revenue. Even more disconcerting is that more than 50% of the companies in the index have already lowered estimates for Q3, while only 21% have raised.  [View news story]
    Not to worry Ben will push the S&P over 1500 to make things look good.
    Aug 7, 2012. 09:04 PM | Likes Like |Link to Comment
  • It was Goldman Sachs that took over Knight Capital's (KCG) positions following the software glitch on Wednesday, a faux-pas that ended up costing Knight $440M.   [View news story]
    I wouldn't be a bit surprised if Goldman was involved in that glitch.
    Aug 3, 2012. 04:04 PM | 1 Like Like |Link to Comment
  • Homebuilders shake off signs of an improvement in housing prices to trade lower today, dragged down by lingering concerns over Europe: Toll Bros. (TOL -1.7%), NVR (NVR -2.1%), D.R. Horton (DHI -2%), MDC (MDC -2.7%), Lennar (LEN -2.1%), Hovanian (HOV -2.6%), Ryland (RYL -1.4%), Beazer (BZH -2.7%). ETFs: XHB 2.6%, ITB 1.9%.   [View news story]
    Goldman upgraded home builders yesterday!
    Jul 24, 2012. 01:58 PM | Likes Like |Link to Comment
  • Food and water scarcity: Call it an alarmist's investment theme for the future. As weather conditions induce a "supply shock" across much of the agricultural spectrum, commodity and natural resource investors insist that it reinforces the thesis that the world's resources are being stressed to the breaking point. “You can’t triple a population in a lifetime without consequences,” says Jeremy Grantham. Supply simply can't keep up with demand, and our hungry and thirsty world just keeps growing.   [View news story]
    If you look behind the hype you will find Goldman.
    Jul 21, 2012. 01:45 PM | 2 Likes Like |Link to Comment
  • Food and water scarcity: Call it an alarmist's investment theme for the future. As weather conditions induce a "supply shock" across much of the agricultural spectrum, commodity and natural resource investors insist that it reinforces the thesis that the world's resources are being stressed to the breaking point. “You can’t triple a population in a lifetime without consequences,” says Jeremy Grantham. Supply simply can't keep up with demand, and our hungry and thirsty world just keeps growing.   [View news story]
    Its all a hype so they can jack up commodity prices. 2/3 of earth is covered with water. New technology for growing crops also helps.
    It's like Goldman peak oil hype to unload their oil contracts on poor retail.
    Jul 21, 2012. 01:43 PM | 5 Likes Like |Link to Comment
  • Infosys' (INFY) guidance cut takes a toll on other IT outsourcing names. CTSH -3.8%. SAPE -2.7% ACN -1.1%. Wipro (WIT) fell 4% on the Mumbai exchange. Infosys also issued a disappointing Q1 report in April, and it was followed by an equally bad report in May from Cognizant. Europe's weak economy and currency are clearly problems, though Gartner has long been voicing concerns about the impact of cloud services on outsourcing.   [View news story]
    They have stolen all American jobs they can. How are they going to make money? Its down hill from here.
    Jul 12, 2012. 09:21 AM | Likes Like |Link to Comment
  • Two Deutsche Bank (DB) employees have been suspended after an external audit into whether its traders were involved with manipulating Libor, reports Der Spiegel. This follows Friday's report that Germany's BaFin is looking at Deutsche as part of its investigation into interbank lending rates.   [View news story]
    Line of the scape goats, let the big fish walk away free. Isn't that why politicians get paid for to protect the head mobsters?
    Jul 8, 2012. 09:24 PM | 1 Like Like |Link to Comment
  • Is the eurozone crisis finally easing? S&P thinks it might be, pointing to the stabilizing agreements that came out of the June 29 summit. There is significant implementation risk but the measures "can provide a more stable funding framework" while governments work to "implement growth-enhancing structural reforms and reduce their budgetary imbalances."   [View news story]
    Germany already in recession. I got back from there no long ago, people are unhappy with current situation. Many predict unemployment will go to 8-9%, factories shutting down.
    Jul 4, 2012. 06:44 PM | 5 Likes Like |Link to Comment
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