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OptionManiac

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  • Perma-bear Albert Edwards just got even more bearish, saying the economy is set to collapse "like a pack of cards as soon as the steroid-like stimulus is reduced... With core inflation rates now sub-1% in the eurozone and the U.S., we are only one recession away from Japanese-style deflation."  [View news story]
    What's your view of Volcher's tenure?
    Jun 24, 2010. 05:49 PM | Likes Like |Link to Comment
  • Perma-bear Albert Edwards just got even more bearish, saying the economy is set to collapse "like a pack of cards as soon as the steroid-like stimulus is reduced... With core inflation rates now sub-1% in the eurozone and the U.S., we are only one recession away from Japanese-style deflation."  [View news story]
    Let's see, a stimulus that did nothing, yet take it away and things will collapse. Hmmmm.....
    Jun 24, 2010. 02:59 PM | 2 Likes Like |Link to Comment
  • CEOs anticipate increased sales and employment in the next six months and expect capital spending to remain even, according to the Business Roundtable’s quarterly survey (.pdf). CEOs planning to add jobs outnumber those who plan to cut, 39%-17%, and 79% see sales rising.  [View news story]
    And you know this how?
    Jun 23, 2010. 11:49 AM | 1 Like Like |Link to Comment
  • CEOs anticipate increased sales and employment in the next six months and expect capital spending to remain even, according to the Business Roundtable’s quarterly survey (.pdf). CEOs planning to add jobs outnumber those who plan to cut, 39%-17%, and 79% see sales rising.  [View news story]
    If you do not believe the business leaders outlook, than you can not believe anyones. If you do not believe anyone, than you cannot voice an opinion for you have no data you can deem as "believable".
    Jun 23, 2010. 10:46 AM | 4 Likes Like |Link to Comment
  • Pending financial reform legislation is so bad that it will ultimately harm the economy and consumers, Dick Bove says, forcing a rewrite of the law within two years. Bank balance sheets will shrink and lending constricted, he predicts, and the cost of banking will rise for consumers.  [View news story]
    And without legislation the balance sheets were just fine?
    Jun 21, 2010. 02:43 PM | 1 Like Like |Link to Comment
  • Kenneth Feinberg, appointed to handle the BP compensation fund, says he expects claim payments to go out within 30-60 days.  [View news story]
    And the board room? Who's NOT afraid to say stop to company policies that will harm the public but make profits (votes)? We have seen this with BP and Massey over and over. Where are the brave individuals in both government and the private sector that will do what is right.
    Jun 18, 2010. 09:12 PM | Likes Like |Link to Comment
  • Kenneth Feinberg, appointed to handle the BP compensation fund, says he expects claim payments to go out within 30-60 days.  [View news story]
    Government is made up of people, firms are made up of people. It is people who cause all the problems, not some sort of faceless demon. I hate it when people demonize some institution - demonize the people. We have met the enemy and they are us.
    Jun 18, 2010. 06:12 PM | Likes Like |Link to Comment
  • Kenneth Feinberg, appointed to handle the BP compensation fund, says he expects claim payments to go out within 30-60 days.  [View news story]
    You certianly are right - it wasn't all government corruption that has caused the present economic problems. When you get right down to it, you can only blame greedy individuals, whether they work for a firm, the government, or their selves.
    Jun 18, 2010. 01:48 PM | 1 Like Like |Link to Comment
  • Jon Stewart's video on our energy dependency is funny but also sad, Paul Kedrosky says; we can't wean ourselves from oil because competitive technologies aren't yet feasible and people are not willing to adjust habits. "Pretending that this is about Republicans, Democrats, or random acts of presidents is, however entertainingly intended, part of the problem."  [View news story]
    And Saudi Arabia, with the greates oil reserves, is very heavy into solar power.
    Jun 18, 2010. 09:19 AM | 1 Like Like |Link to Comment
  • Jon Stewart's video on our energy dependency is funny but also sad, Paul Kedrosky says; we can't wean ourselves from oil because competitive technologies aren't yet feasible and people are not willing to adjust habits. "Pretending that this is about Republicans, Democrats, or random acts of presidents is, however entertainingly intended, part of the problem."  [View news story]
    Just one problem with your statements (which, as a tree-hugger, I do agree with to a greater degree than you would think.) We have been very successful in pushing democracy and free markets througout this world. What we have created is billions of people who aspire to have our standard of living. These billions will become even more billions - I don't think our planet can handle all those McMansions.
    Jun 18, 2010. 09:13 AM | Likes Like |Link to Comment
  • Another reason for tanking housing sales: Buyers know they hold all the cards, and more last-minute demands for concessions are leading to collapsed deals. Buyers who "learned their moves from the World Wrestling Federation... think the final smackdown occurs at the inspection, where the seller will be reluctant to refuse any demand because the alternative is putting the house back on the market as damaged goods.”  [View news story]
    Everything you said shouldn't happen does happen. Unfortunately.
    Jun 18, 2010. 08:28 AM | Likes Like |Link to Comment
  • Sick of Sycophants [View article]
    One suggestion for you - Roth IRA. I know you can just put a pittance in it (well, not a pittance for some of us) But you can protect some of your earnings from future higher taxes while being able to pull out what you contributed without penalty. No, I am not a broker.
    Jun 17, 2010. 02:40 PM | Likes Like |Link to Comment
  • Jon Stewart's video on our energy dependency is funny but also sad, Paul Kedrosky says; we can't wean ourselves from oil because competitive technologies aren't yet feasible and people are not willing to adjust habits. "Pretending that this is about Republicans, Democrats, or random acts of presidents is, however entertainingly intended, part of the problem."  [View news story]
    I do agree with you. However, big SUV's, AC turned down to 70, etc., are all consumer decisions (I get a kick out of my neighbor getting the mail mid-afternoon while wearing a sweater when it is 90 out).
    Some politicians have told us that this is our right, but we still have too take some blame.
    Jun 17, 2010. 02:35 PM | 2 Likes Like |Link to Comment
  • Sick of Sycophants [View article]
    Yes - prepare for the Tea Party to take over.
    Jun 17, 2010. 01:31 PM | 2 Likes Like |Link to Comment
  • The mayor of Milan, Italy, says the city is likely to approve artist Maurizio Cattelan's controversial sculpture of a "crippled hand," missing all fingers except the upraised middle one. Cattelan insisted the sculpture be placed in front of the Italian Stock Exchange.  [View news story]
    I go with your vote. Congress really doesn't do much of anything. GS does.
    Jun 17, 2010. 01:28 PM | 2 Likes Like |Link to Comment
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