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OptionManiac

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  • 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 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 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 02:40 PM | Likes Like |Link to Comment
  • General Motors says nine of its 11 U.S. assembly plants will forgo traditional summer shutdowns to help meet buyer demand for popular models. The decision is expected to generate up to 56,000 additional vehicles.  [View news story]
    They can't be, the government ended cash for clunkers months ago.
    Jun 17 10:02 AM | Likes Like |Link to Comment
  • ICSC Retail Store Sales: -0.7% W/W, vs. +0.8% last week. +2.9% Y/Y, vs. +3% last week. The year-on-year rate was boosted by an easy comparison and will likely improve through the month to an overall increase of 3-4%.  [View news story]
    So more widgets may have sold, just at a lower price. Retail sales ex-energy?
    Jun 15 09:08 AM | Likes Like |Link to Comment
  • ICSC Retail Store Sales: -0.7% W/W, vs. +0.8% last week. +2.9% Y/Y, vs. +3% last week. The year-on-year rate was boosted by an easy comparison and will likely improve through the month to an overall increase of 3-4%.  [View news story]
    I'll let others look at the details, I don't have time. Very hot weather everywhere - figured it would drive people into the malls. Any corelation on what sold and what did not because of the heat?
    Jun 15 08:10 AM | Likes Like |Link to Comment
  • Thursday Thrust: Where's Our Rocket Fuel? [View article]
    Amen.
    Jun 13 11:26 AM | Likes Like |Link to Comment
  • Art Laffer and the Triumph of Politics [View article]
    And remember, under Clinton/Gore, the government had shrunk down to the same size it was during Truman.
    Jun 11 01:43 PM | Likes Like |Link to Comment
  • Art Laffer and the Triumph of Politics [View article]
    SS was meant to be an insurance policy. It kept old people from going into poor houses. It kept widows and their children from going into poorhouses. It was not meant to be a thirty year retirement pension (for the lucky ones who lived that long) Now all of us are living long. Without medicare, old people would spend everything they had on keeping themselves alive and then die when the money ran out. I believe that they are both necessary programs - but because of politics never adjusted to meet reality.
    Yes, and when my mother stated that she thought she should be getting more in SS, I told her I guess I better get a second job so that I can pay more into the system. They will decry keeping 20 somethings on their parents insurance while clinging to their own socialized medicine.
    Jun 11 01:41 PM | Likes Like |Link to Comment
  • Counter to the increasing rumbling of bear talk, Ben Herzon says based on the yield curve, stock prices, payroll employment, personal income and industrial production, there's no chance of a double-dip recession.  [View news story]
    Well, there's always a chance for something to happen. Hey, and I'm one of the few optimists on this site.
    I just hate it when someone thinks that math can be used to predict the future.
    Jun 11 01:13 PM | Likes Like |Link to Comment
  • Thursday Thrust: Where's Our Rocket Fuel? [View article]
    The generation after the great depression didn't have it too bad. But, you are right, there will be boom and bust over and over again, we do not learn. I guess it all depends on which part of the cycle you need to crack your nest egg open.
    Jun 11 11:11 AM | Likes Like |Link to Comment
  • The International Energy Agency raises its 2010 world oil-demand forecast to 86.4M barrels a day but warns that up to 300K barrels a day of future U.S. output may be at risk if a drilling moratorium is extended. The Gulf oil spill will raise costs, delay new projects and bring a thorough review of offshore regulation, the IEA says. Oil +1.6%.  [View news story]
    Hey, I would start by blaming government inspectors who were lax in enforcing regs. Workers in the rig have already said that BP hurried the process along. They were shown pieces of gasket from blow-out safety shutoff that had come up into the rig. The rigs should be run like nuclear reactors - ANY error could mean disaster.
    There's grandstanding done by all the politicians, Obama is forced to show uncharacteristic anger because the press says the people want him to.
    The really scary thing is that the spill has disrupted thousands of lives, killed tens of thousands of birds, fish, reptiles, yet is hardly a day's worth of oil usage in this country.
    Jun 11 10:59 AM | Likes Like |Link to Comment
  • Thursday Thrust: Where's Our Rocket Fuel? [View article]
    I wonder how many thousands of time this was sid during Roosevelt's termS.
    Jun 11 10:29 AM | Likes Like |Link to Comment
  • Thursday Thrust: Where's Our Rocket Fuel? [View article]
    So, if you go by history, if the Republicans win, you are out of the market?
    Jun 11 08:29 AM | Likes Like |Link to Comment
  • The International Energy Agency raises its 2010 world oil-demand forecast to 86.4M barrels a day but warns that up to 300K barrels a day of future U.S. output may be at risk if a drilling moratorium is extended. The Gulf oil spill will raise costs, delay new projects and bring a thorough review of offshore regulation, the IEA says. Oil +1.6%.  [View news story]
    Ah, the standard of living and economy has just been sapped by drilling. That said, I am not against drilling, I'm against drillers who strive for profit over safety. If you look at the events that led up to the blow-out, you will see that BP seemed not to care that the blow-out preventer was essentially in-operable. And I do not just blame BP, but also government regulators that were bought by the oil industry, who let the drillers themselves write off on inspections.
    Hey, with a billion more Chinese and a billion more Indians wanting our way of life, no amount of drilling will keep energy prices down. We are in between a rock and a hard place - keep the world wide depression going to keep energy prices down, or full steam ahead and buy plenty of oil stocks so the dividends can help fill your tank.
    Jun 10 11:16 AM | Likes Like |Link to Comment
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