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_Jimmy_

_Jimmy_
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  • China's debt/GDP ratio of 20-30% isn't as attractive as it looks, writes Patrick Chovanec. Toss in contingent liabilities for the banks, local governments, and things like the railway system, and even optimists put the number at 90%. Pessimists put it at 200% or higher, Greek territory. Remember, Irish government finances were the envy of the world until its real estate boom went bust. In any case, "China's fiscal resources are not as limitless as they seem."  [View news story]
    Yes but you are either a fool or a lier if you forget few things about these numbers that relate to China.

    90 of the 100 largest companies are state owned. People that run these companies are political appointees. It is at heart still just an old fashioned communist system. It does a very poor job at allocating capital. As long as money keeps flowing into China it is all well, when it starts flowing out (and it will sooner or later) you will find just how much China really owes.

    If US were to nationalize S&P 500 companies it would have a lot more cash. Can you imagine Obama administration appointing CEO of Apple, mmmm that would work so well....NOT.
    Dec 18 02:03 PM | 1 Like Like |Link to Comment
  • A House committee approves a bill that will put employees of Fannie Mae and Freddie Mac on a federal pay scale and will suspend controversial compensation packages for top executives. Rep. Spencer Bachus - chairman of the House panel that led discussion on the issue - counters spirited defense of the lavish compensation policies approved by FHFA Director Edward DeMarco and key Senators by saying the bonuses are "unreasonable and unjust to taxpayers."  [View news story]
    Come on not OJ.

    How about Bernie?
    Nov 15 08:45 PM | Likes Like |Link to Comment
  • Piper Jaffray and RBC Capital refute a DigiTimes report of reduced iPhone (AAPL -2.2%) production. “Given the stock outages at the U.S. Apple stores nearly one month after the launch, we believe it is unlikely that Apple would cut production, when it clearly cannot build iPhones fast enough to meet demand,” Piper's Gene Munster writes.  [View news story]
    What outage at the US Apple stores? You can order an iPhone 4S from Apples online store without a hitch. There is no outage.
    Nov 9 11:11 AM | Likes Like |Link to Comment
  • In a 10-Q filing today, Goldman Sachs (GS -3.9%) discloses that AIG has threatened to sue over its MBS dealings with the firm. Goldman also raises its expectations of costs stemming from mortgage-related lawsuits from $485M to $15.8B.  [View news story]
    OOPS!!!
    Nov 9 09:37 AM | 1 Like Like |Link to Comment
  • Those bashing Ben Bernanke over his inflation record should look at the stats, says Jon Hilsenrath in the WSJ. CPI on Bernanke's 67-month watch has averaged 2.3%, giving him one of the best records of all Fed chairmen. It's lower than Alan Greenspan's 3.1% and Paul Volcker's 6.2%, although the latter did inherit double-digit rates.  [View news story]
    You would think all rational people would agree with you and demand action.

    I could not put a better summary of issues at hand myself. Your post should be a manifesto accepted by both Tea Party and OWL crowd.
    Nov 6 11:17 AM | 3 Likes Like |Link to Comment
  • There are three things government can do right now to spur our ailing economy, Jamie Dimon says. First, fix the antiquated tax code, because businesses are paralyzed by confusing tax policies and pending regulation. Second, stop demonizing business, it's our economic engine. The third and most important step, Dimon adds, is that we need to devise an all-new “Marshall Plan."  [View news story]
    What highest corporate tax rate in the world?

    Over the past year or two we had the highest corporate profitability and lowest corporate tax rates in generations. What are you talking about, corporate coffers are loaded with cash, you repeat this drivel of corporate suffering without any sense. No one pays 35%.

    Go check few quarterly reports you boob.
    Oct 25 10:24 PM | 5 Likes Like |Link to Comment
  • Bankers are furiously lobbying against revisiting the July 21 agreement under which they will receive a 21% a haircut on their Greek holdings. "The impact of (changing) would be incalculable," says DB CEO Ackermann. "This is why I am warning in the most forceful way against any material revision."  [View news story]
    Here we go again, soup kitchens and all.
    Oct 4 12:31 PM | Likes Like |Link to Comment
  • When Netflix (NFLX) reports today, Citi's Mark Mahaney is hoping the company discusses the impact its controversial price hike will have on profit margins; Mahaney, who has a Buy rating and $300 target on the company, thinks a greater proportion of streaming-only subscribers could give margins a lift.  [View news story]
    Subscription canceled, hows that for the margin improvement?
    Jul 25 02:01 PM | Likes Like |Link to Comment
  • The Pentagon estimates the first few production runs for F-35s are exceeding cost projections by close to $1B, of which the government will have to pay an extra $635M. The defense contractors on the job, Lockheed Martin (LMT -0.9%) and Pratt & Whitney (UTX -1.9%), will have to pick up the remaining part of the tab.  [View news story]
    We need these planes to keep foreign markets open so that our companies can move our jobs there and not pay taxes to US government.
    Jul 20 03:33 PM | Likes Like |Link to Comment
  • 11 Undervalued Stocks With Large Cash Holdings Relative to Operating Expenses [View article]
    It should be noted that 4 of 11 companies on your list are semi equipment companies. There is a reason for that and it says be careful. This is a sector that is best bought when they look expensive and sold when they look cheap. It has always been the rule and it should be noted. Perhaps this time is different, I doubt it but you never know.
    Apr 27 06:54 PM | 2 Likes Like |Link to Comment
  • Steve Jobs may have been exaggerating when he said the tech industry is in a 'post-PC' device era, but even Gartner admits tablets are cannibalizing PC sales. Global PC shipments are now expected to grow 10.5% this year instead of 15.9%, and consumer laptops will grow 14.6% instead of 25.1%.  [View news story]
    That is exactly wrong. Windows based software is bulky, unreliable, and expensive. Transition to applet based computing has started. Who wants to have 2,3,4 boxes or bulky laptops around the house? Why do I need 8GB of RAM and 1T hard drive on a device I use to surf web or check FB. Why do I need latest Intel processor to run latest bloatware from Microsoft when all I need to do is type a simple letter or play with a little spreadsheet.

    Less is more, computing world is changing.
    Mar 4 11:10 AM | 1 Like Like |Link to Comment
  • Leading with a picture of a crumbling building labeled "U.S. economy" being held up by a Chinese symbol, China's advertising supplement in the WaPo takes its yuan policy to the people. "Excessive spending ... and low interest rates should be blamed for the trade imbalance." Who's to argue?  [View news story]
    Don't be silly, you had negative savings rate during Clinton as well. And 1 year of no deficit driven by silly stock market gains is not a measure of long term policy.
    Feb 25 11:04 AM | Likes Like |Link to Comment
  • Leading with a picture of a crumbling building labeled "U.S. economy" being held up by a Chinese symbol, China's advertising supplement in the WaPo takes its yuan policy to the people. "Excessive spending ... and low interest rates should be blamed for the trade imbalance." Who's to argue?  [View news story]
    I am a bit confused, can you please point to the time period you are talking about?

    Few years ago is what got us into this pickle. They are talking about excessive consumption, not government spending.
    Feb 25 10:33 AM | Likes Like |Link to Comment
  • Leading with a picture of a crumbling building labeled "U.S. economy" being held up by a Chinese symbol, China's advertising supplement in the WaPo takes its yuan policy to the people. "Excessive spending ... and low interest rates should be blamed for the trade imbalance." Who's to argue?  [View news story]
    "Excessive spending ... and low interest rates should be blamed for the trade imbalance."

    I don't like Chinese, especially when they are right.
    Feb 25 10:31 AM | Likes Like |Link to Comment
  • Kulicke and Soffa: Potential Upside or Ridiculous Upside? [View article]
    This is an amateurish analysis. PEG and PEs are silly measures for this industry. Where were you 2 years ago when same measures looked horrible? KLIC has gone up 400% since. There is more downside to KLIC now than upside. Buy it again when it's losing money and this joker tells you to short.
    Jan 10 03:37 PM | Likes Like |Link to Comment
COMMENTS STATS
34 Comments
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