Seeking Alpha

2MuchDebt

2MuchDebt
Send Message
View as an RSS Feed
View 2MuchDebt's Comments BY TICKER:
Latest  |  Highest rated
  • Netflix (NFLX) CEO Reed Hastings says Europe will be a major focus of the company over the next two to three years as he sees the company's streaming service eventually landing in nearly every nation on the planet with the possible exception of the always-problematic China. He takes on the threat of Amazon head on, noting that Netflix spends 3X what Amazon does on content to the benefit of customers and calling Amazon Prime a "confusing mess" with an algorithm that isn't as clever as that of Netflix. [View news story]
    Thanks for the post. A lot of good info.
    Sep 26 08:22 AM | Likes Like |Link to Comment
  • Spanish austerity measures coming Thursday will include restrictions on early retirement, PM Mariano Rajoy tells the WSJ, and a new tax authority - including taxes on stock transactions? - as well as job-training programs. They'll still resist a bailout, but if debt interest rates were "too high for too long" the chances of a bailout rise to "100%." [View news story]
    I have to hand it to you Terry330. No one likes you or your asinine comments on this site and yet you still post something almost every day.
    Sep 26 08:18 AM | Likes Like |Link to Comment
  • Netflix (NFLX) CEO Reed Hastings says Europe will be a major focus of the company over the next two to three years as he sees the company's streaming service eventually landing in nearly every nation on the planet with the possible exception of the always-problematic China. He takes on the threat of Amazon head on, noting that Netflix spends 3X what Amazon does on content to the benefit of customers and calling Amazon Prime a "confusing mess" with an algorithm that isn't as clever as that of Netflix. [View news story]
    Tough words from Reed. Anybody correct me if I'm wrong or chime in, but isn't Amazon Prime cheaper and doesn't it have a better/larger selection?
    Sep 26 08:15 AM | Likes Like |Link to Comment
  • General Motors (GM -1.7%) appears set to launch a $10B revolving credit facility, according to Thomson Reuters. If the company draws down on the reported $5B revolvers at 3-years and 5-years, pricing is anticipated to be at 250 bps over Libor. [View news story]
    Pricing is above market considering GM is a well-established, publicly traded company.
    Sep 24 10:22 AM | Likes Like |Link to Comment
  • IPhone 5 (AAPL) sales come in at "over 5M," well below expectations. (PR) AAPL -2.3% premarket. [View news story]
    The phone is not much different than the 4s. I'd still buy the 4s over the 5. A lot of people buying the 5 are the people that need the newest tech gadget and like to show off. Not worth the extra money in my opinion.
    Sep 24 08:49 AM | 2 Likes Like |Link to Comment
  • Market preview: Chinese PMI, eurozone PMI and U.S. weekly jobless claims - they all tell a depressing story and they're all weighing on EU shares and U.S. futures, with the S&P benchmark -0.25%. Back in the corporate world, early earnings results are starting to dribble in, sending ConAgra +6% but Bed Bath -5.7%. Later: Consumer Comfort, Fed Speak, Oracle earnings. [View news story]
    @ American in Paris: The first round of fiscal and monetary stimulus was helpful because there was a lack of confidence in financial markets. In other words, there was an actual NEED for the stimulus. Now that companies are making money and the financial markets and companies are flush with cash, the effectiveness of further stimulus (whether fiscal or monetary) is significantly diminished and the costs significantly outweigh the benefits. A lot of companies are operating lean and do not want to hire more workers. They can just squeeze additional productivity from current employees. Also, companies don't know what the current administration will do next in terms of fiscal policy/regulation which is quelling investment in capital (both human and otherwise). The current monetary policy actions will eventually have negative consequences on the inflation front and the fiscal policy actions over the last few years have had negative consequences in relation to the labor market (ie: food stamps, rising number of people dropping out of the labor force, inhibitors to hiring, etc). You'd be blind not to see it.
    Sep 21 08:49 AM | Likes Like |Link to Comment
  • And this guy is a hawk? Minneapolis Fed President Kocherlakota suggests last week's FOMC statement didn't go far enough. What's needed is a liftoff plan where the FOMC promises ZIRP until unemployment falls below 5.5%. Prices? They may become pesky, but the FOMC can just raise its inflation target to perhaps 2.25%. [View news story]
    These morons don't get that the Fed has a dual mandate; STABLE prices and maximum employment. Since they can't fix the current employment situation (which is blatantly obvious), why not go 0 for 2 and cause serious inflation (or dramatically inflate inflation expectations) in the meantime. I'm glad I'm currently working hard to earn money that will be seriously devalued in the future. The talk emanating from the Fed Presidents is really becoming scary in my opinion. Someone needs to put a hardness on these lunatics.
    Sep 20 04:21 PM | Likes Like |Link to Comment
  • Some Facebook (FB -1.7%) news: 1) Facebook says it will start charging businesses for its Offers product, which allows businesses to publish promotions in their fans' news feeds, while expanding its availability to include online-only businesses. Offers is a form of indirect competition for Groupon (GRPN). 2) Facebook has hired Netflix (NFLX) engineering VP John Ciancutti to be its Director of Engineering. Ciancutti's hiring follows a string of executive departures[View news story]
    @ Debo08: I hope you're joking...
    Sep 20 02:03 PM | 2 Likes Like |Link to Comment
  • The Bloomberg Consumer Comfort Index rises to -40.8 from -42.2 last week, despite a poor jobs report and continuing hikes in pump prices. A separate forward-looking gauge shows 34% see the economy getting worse, a sharp 11 point drop from last month, and only 8 points more than those seeing an improvement - the narrowest gap since May. Partisanship rules, with Democrats having a far better opinion of the economy than Republicans. [View news story]
    That's interesting that Democrats have a far better opinion of the economy than Republicans (generally speaking).
    Sep 20 09:55 AM | Likes Like |Link to Comment
  • Market preview: Chinese PMI, eurozone PMI and U.S. weekly jobless claims - they all tell a depressing story and they're all weighing on EU shares and U.S. futures, with the S&P benchmark -0.25%. Back in the corporate world, early earnings results are starting to dribble in, sending ConAgra +6% but Bed Bath -5.7%. Later: Consumer Comfort, Fed Speak, Oracle earnings. [View news story]
    So this continues to be the end result of about four years of fiscal and monetary stimulus across the globe... Unprecedented mind you! Maybe we should do more!
    Sep 20 09:42 AM | 1 Like Like |Link to Comment
  • Egan-Jones downgrades its U.S. debt rating to AA- from AA. "Some market observers contend that a country issuing debt in its own currency can never default since it can simply print," but Reinhart and Rogoff show 70 out of 320 defaults since 1800 have been on local currency public debt. [View news story]
    Who cares if they're smaller than the other rating agencies if they produce good analysis. Thinking along those same lines I guess no one should listen to you bbro...
    Sep 14 04:01 PM | 4 Likes Like |Link to Comment
  • Something's up in the Spanish bond market, where yields are shooting higher, the 2-year +24 bps to 3.19%, the 10-year +18 bps to 5.81%. ECB bond purchases won't begin until Spain submits to a bailout, and Spain won't submit to a bailout as long as bond yields remain contained, ergo, another peripheral bond panic almost certainly lies ahead. [View news story]
    Exactly. There is zero risk in the markets now. Everybody should be 100% stocks. Central banks are the solution to all of our woes. We won't have to worry about any problems in the future. Rally on!
    Sep 14 11:30 AM | Likes Like |Link to Comment
  • S&P futures +0.25%, giving up some premarket gains following the retail sales and CPI reports. Higher prices at the pump (absent wage growth) just suck consumer dollars from spending elsewhere. Backing out gasoline and autos, retail sales rose just 0.1%. (full report, .pdf) [View news story]
    It makes sense retail sales won't have sustainable growth when there are few jobs created and income growth is minimal. Bernanke did not help the inflationary cause yesterday with his announcement. He is blind to the fact that additional QE is not the answer.
    Sep 14 09:23 AM | 2 Likes Like |Link to Comment
  • Apple (AAPL) may have sold out of its initial stock of iPhone 5s just an hour after the company began accepting pre-orders for the smartphone on its Web site today. The order page initially said delivery would be on the device's launch date of next Friday, but then it said that the handset would be available to ship in two weeks. [View news story]
    Why are people rushing to get an iphone 5? The best part of the iphone announcement was the software upgrade which will be available for all iphones. The hardware upgrades were a huge let down in my opinion.
    Sep 14 08:49 AM | 1 Like Like |Link to Comment
  • Gundlach on the ECB's OMT: "If this circular financing scheme works, we've just solved thousands of years of economic problems," he says, expecting the world hasn't seen the end of EU debt issues and higher peripheral bond yields. [View news story]
    Exactly
    Sep 11 04:58 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
215 Comments
322 Likes