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lower98th

lower98th
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  • A Grand Bargain: 8 Factors That Could Drive A Surprise On The Deficit [View article]
    It makes great press to call it a fiscal cliff, disaster, whatever, but the cuts in place roll back spending and taxes only to what was normal a few years ago. Perhaps Obama WILL focus on what he wishes his legacy to be. I see no information that aligns your hopes with his agenda.
    Nov 8, 2012. 07:32 AM | 13 Likes Like |Link to Comment
  • Surviving And Prospering Over The Next 4 Years Of Economic Darkness [View article]
    On our leaders, crisis, and corruption. There wasn't a perceived real choice, and most voters polled showed disgusted indifference.

    "If I have ever seen the opportunity for those in the government to take
    a heroic stand in defense of the people against the predations of powerful financial interests this was it. And so whatever they say from this point is at best a shallow mockery, with the ring of untruth, and the hollowness of hypocrisy. And this is why the American people turn away from their corporate-branded presidential candidates with righteous disgust and revulsion. They must have no sense of justice, or of proportion, or history, and apparently they have no shame."
    Nov 7, 2012. 08:35 AM | 1 Like Like |Link to Comment
  • Why Wal-Mart's Stock Is Now Cheaper (And Safer) Than Its Bonds [View article]
    STB is student transportation services. Suntrust is STI
    Oct 23, 2012. 08:55 AM | 1 Like Like |Link to Comment
  • Oh Canada, What Next? [View article]
    Resource Nationalism? I should hope so. Those resources belong to the country and people of Canada. Better a little nationalism than a policy of allowing unfettered foreign predation.
    Oct 23, 2012. 08:33 AM | 4 Likes Like |Link to Comment
  • Scientists? Engineers? How About Gardeners? [View article]
    If macro-economists could have done the math.........well, gardeners is about right.
    Sep 27, 2012. 11:28 AM | Likes Like |Link to Comment
  • Is This A Bubble? What Is It? [View instapost]
    Debt/credit
    Aug 22, 2012. 09:44 AM | Likes Like |Link to Comment
  • A recall of apples sold in 36 states by Ready Pac Foods hits McDonald's (MCD -0.4%) and Burger King (BKW -1.5%). The recall is due to possible listeria contamination. [View news story]
    Apples come from the tree in a great pack. The MCD and BKW plasticized apples go straight to the trash anyway. Who would let their kids eat that!
    Aug 13, 2012. 10:38 AM | 2 Likes Like |Link to Comment
  • Has CNBC Lost Its Mojo? [View article]
    I have come to view CNBC not as fear mongers, but hype mongers. In 1999, the market could only go higher, and ditto in 2006. Euphoria reigned and so did the bull patter on CNBC. Though there is a dash of BuyBuyBuy even now, the public is still afraid of the crisis - so pandering to the fear sells.

    CNBC is long on hyperbole on both sides (fear/euphoria) but short on perspective, real information, and longer term context.

    Mark Haines was one of the last thoughtful commentators standing. He is missed.
    Aug 8, 2012. 09:26 AM | 22 Likes Like |Link to Comment
  • Who Cares About The Fed Funds? We All Do [View article]
    If the fed would like to stimulate the main street economy through lower interest rates, they should look to credit cards. With consumers paying 20% interest for the most common form of available credit, no wonder the Fed is having trouble getting demand. For anyone with a credit card balance, thats their marginal rate for all credit. Let's try a zirp on those.
    Jul 27, 2012. 07:11 AM | 4 Likes Like |Link to Comment
  • When There's Blood In The Streets [View article]
    Bankers champagne summits, even if strident, do not constitute blood in the streets. Nor do the shrugged shoulders and wry jokes of a few quants on their way out to dinner on still functioning transit at still thriving restaurants. Blood in the streets is literally blood....from financiers jumping out of windows, shots fired during riots, bank doors barred from the threat of outraged customers, bombs dropped by former allies. When crying panic some can't seem to separate the wolves from the chichuahuas.
    Jul 24, 2012. 09:34 AM | 4 Likes Like |Link to Comment
  • Forget the FOMC staff, Warren Buffett downgrades his view of the U.S. economy, telling CNBC there's been a clear slowdown in the last 6 weeks, though giving no detail as to what he's personally seeing. It's the most pessimistic The Oracle has sounded in some time. As for Europe, it's slipping "pretty fast."  [View news story]
    Guess Obama's not getting enough soft campaign trillions from the Fed quickly enough, and needs Buffet to poke Bennie a little.
    Jul 12, 2012. 10:36 AM | 2 Likes Like |Link to Comment
  • How David Einhorn Shorts Stocks [View article]
    "The short play here, of course, is gold (GLD). Endless printing and negative real interest rates will keep gold prices in a bull market until interest rates reflect economic reality and the Fed keeps balance sheet expansion on the table."

    So when, or when/why, is gold the short trade?
    Jul 12, 2012. 10:32 AM | 2 Likes Like |Link to Comment
  • QuickChat #236, July 9, 2012 [View instapost]
    Hi all, Glad to see everyone is still here.

    HTL - see you have a great country song in your honor......Hardtolove,...

    In the minutia interests me department, a funny thing is happening on Ebay. Silver items are being fairly often offered by European shops, mainly Spain but also France, and sometimes Greece and they're selling them below melt here. Also the $$ are going into Paypal, because, I'm told,they can stay there in dollars. Must have something to do with VAT, currency FX, etc. All I know is I have scored some items for 3/4 of spot/ounce and that includes shipping. In line with MY Armageddon plan to pay for groceries with my forks (or use my meager smithing talents to melt and press them into Kathy-coins).

    And I hope nobody gets shingles. Don't know about the virus vs vaccine issue there. Vaccines are interesting things. One of the reasons for the German Measles outbreaks in infants, is that Mother's who actually had German measles in childhood (that's us over 45's) passed on the antibodies to their infants, but those who had only the vaccine cannot. So this generation of vaccinated mothers have babies with no antibodies, and of course no antibodies in the Mom's milk, so the babies are at risk.

    Happy trading.
    Jul 12, 2012. 09:34 AM | 7 Likes Like |Link to Comment
  • JPMorgan: Now A $9 Billion Loss? [View article]
    Regardless of the magnitude of the loss, the sad truth is that the bank is working overtime on the books to conceal, transfer and obfuscate the losses to the maximum degree possible. Bank "transparency" is any oxymoron. You can be sure that whatever the final public number is said to be, it is not representative of what actually transpired and even some in the boardroom will probably never know.
    Jul 5, 2012. 07:26 AM | 2 Likes Like |Link to Comment
  • Bob Diamond's banking career may be over, but that doesn't mean he'll be slinking quietly into his retirement years. He's likely to be a highly sought-after candidate at P-E firms and hedge funds. He might be toxic to a publicly-traded firm but he's got the money and the experience to thrive at a less-regulated private company.  [View news story]
    Following an unsuccessful war for independence, certain bankers from the wrong side were deemed "unfit to transact in the currency of the realm," effectively the same as being disbarred. We could use some of that in the US, UK, and EU.
    Jul 4, 2012. 01:53 PM | 4 Likes Like |Link to Comment
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