Seeking Alpha

Poor Texan

Poor Texan
Send Message
View as an RSS Feed
View Poor Texan's Comments BY TICKER:
Latest  |  Highest rated
  • August Nonfarm Payrolls misses estimates [View news story]
    Great sarcasm wigit playing off the kernel of truth.
    Sep 6 09:37 AM | 3 Likes Like |Link to Comment
  • QE3: The Fed's Faustian Bargain For The U.S. Economy [View article]
    "I can't for the life of me understand how economists can sustain the cognitive dissonance necessary to believe that mathematical certainty doesn't apply to the US economy now."

    When dealing with the theoretical, anything is possible depending on your (unproven) assumptions. Let us eat, drink, and be merry for tomorrow, we crash.
    Aug 16 10:05 AM | 2 Likes Like |Link to Comment
  • Blackstone files 13F [View news story]
    Hope you're right on ETE. I've done well with it and look for more upside.
    Aug 15 11:04 AM | Likes Like |Link to Comment
  • Detroit pulls the plug and files for Chapter 9 bankruptcy after emergency manager Kevyn Orr fails to a cut a deal with creditors. The city becomes the largest in U.S. history to file for bankruptcy. A few stocks trading lower on the news: MBI -15%, RDN -0.2%, MTG -1%, F -0.7%, GM -0.7%, MUNI -0.3%, PZA -0.5%, ITM -0.3%, HYD -0.8%[View news story]
    Meredith! Where are you?
    Jul 19 09:51 AM | 1 Like Like |Link to Comment
  • Detroit pulls the plug and files for Chapter 9 bankruptcy after emergency manager Kevyn Orr fails to a cut a deal with creditors. The city becomes the largest in U.S. history to file for bankruptcy. A few stocks trading lower on the news: MBI -15%, RDN -0.2%, MTG -1%, F -0.7%, GM -0.7%, MUNI -0.3%, PZA -0.5%, ITM -0.3%, HYD -0.8%[View news story]
    "When you pay taxes for services, every department that touches those monies takes a cut because people need to be paid."

    Bingo! And we're at the point where some of these toll takers are very well compensated.
    Jul 19 09:48 AM | 1 Like Like |Link to Comment
  • Detroit pulls the plug and files for Chapter 9 bankruptcy after emergency manager Kevyn Orr fails to a cut a deal with creditors. The city becomes the largest in U.S. history to file for bankruptcy. A few stocks trading lower on the news: MBI -15%, RDN -0.2%, MTG -1%, F -0.7%, GM -0.7%, MUNI -0.3%, PZA -0.5%, ITM -0.3%, HYD -0.8%[View news story]
    Don't forget to give free health care to non-workers and immigrants.
    Jul 18 09:34 PM | 3 Likes Like |Link to Comment
  • Is It Time To Take Some Chips Off The Table? [View article]
    Missed you Joe. I was worried you weren't coming back.
    Jul 11 04:32 PM | 2 Likes Like |Link to Comment
  • Public Construction Spending Will Prove Stagflationary [View article]
    Don't hold your breath Hammer. We have plenty of bread and circuses to keep the peons too busy to think.
    Jul 8 03:01 PM | 1 Like Like |Link to Comment
  • Public Construction Spending Will Prove Stagflationary [View article]
    And were funds put aside as the infrastructure was amortized or did someone find pet projects to 'better use' the funds?
    Jul 8 02:59 PM | Likes Like |Link to Comment
  • PepsiCo (PEP) hasn't transitioned itself away from using a dangerous chemical as fast as the Center for Environmental Health thinks it should have, but it might be on more solid ground than some critics indicate. The FDA concluded a consumer would have to drink 1,000 cans of soda a day to reach the level of doses of 4-methylimidazole administered to laboratory rats that showed a link to cancer. [View news story]
    These self-appointed health care commissars are always looking for a panicky scare line to get more funding grants.
    Jul 3 09:44 AM | Likes Like |Link to Comment
  • June ADP Jobs Report: +188K vs. +165K consensus, 135K prior. [View news story]
    About all that is worth watching on the evening and night news are the weather reports.
    Jul 3 09:39 AM | 2 Likes Like |Link to Comment
  • Initial Jobless Claims: +18K to 354K vs. 340K consensus, 336K prior. Continuing claims +7K to 2.97M. [View news story]
    No recession. Just malaise.
    Jun 20 01:59 PM | Likes Like |Link to Comment
  • George Soros and his reflexivity principle would say easy access to ample credit is a necessary condition to fuel a property bubble. So what do we make of this story - seemingly lifted from 2005 - of  packed open houses, vanishing inventory, bidding wars, and soaring prices on U.S. real estate, but with a twist: Cash buyers. Nearly 33% of L.A. homes went for all-cash in Q1; in Miami, it was 65%. "I don't know where it's coming from, and I don't care," says an agent. [View news story]
    People don't want to hold dollars? And assume real estate will appreciate the way it did from Carter's inflation? Who knows.
    Jun 9 09:55 PM | Likes Like |Link to Comment
  • May Nonfarm Payrolls: +175K vs. consensus +170K, 149K previous (revised from +165K). Unemployment rate 7.6% vs. consensus 7.5%, 7.5% previous. [View news story]
    Our local electric cooperative is looking for linemen.
    Jun 7 01:51 PM | Likes Like |Link to Comment
  • The Guardian of London has posted a copy of a "top secret" court order instructing Verizon (VZ) to provide the U.S. National Security Agency (NSA) with records of all calls made within the U.S. or originating in the U.S., through July 19, 2013. The accompanying article says the order went into effect on April 25 affecting millions of Verizon customers. In the exclusive article, the Guardian says that it is likely, though unknown, that other U.S. carriers are also affected. [View news story]
    Transparency.
    Jun 5 11:35 PM | Likes Like |Link to Comment
COMMENTS STATS
3,526 Comments
4,213 Likes