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  • Iceland's PM warns of "chaos" (and not getting an invite to Davos or Jackson Hole) after voters again reject a plan to pay back countries whose citizens lost money in the banking collapse. The dispute will end up in court, where the U.K. and Netherlands can explain to a judge why a country's citizens should be liable for the actions of a private financial institution.   [View news story]
    Everyone gets a haircut sometimes, somehow, somewhere, for some reason. It's a shame, but it happens.
    Apr 12, 2011. 01:56 PM | Likes Like |Link to Comment
  • Amid a lot of chatter about silver being in a bubble, somebody may have backed it up with dollars, purchasing 100K deep out-of-the-money puts on the silver ETF (SLV -1.8%). Not necessarily an outright bearish bet, the purchaser could be long silver and using the puts as a hedge.   [View news story]
    Hmm delivery?

    I was wondering if anyone was going to make a comment in this post in light of

    seekingalpha.com/artic...

    but no one seems to be biting.
    Apr 12, 2011. 10:36 AM | Likes Like |Link to Comment
  • Intel’s (INTC) biggest-ever push into the tablet market will pit its Oak Trail Atom processor against ARM Holdings’ (ARMH) processors that are used in 99% of tablets, including iPads (AAPL). The devices, set for release in May and staggered throughout 2011, can provide “all-day” battery life. Intel is late to the game, but it's "a marathon, not a sprint," CEO Paul Otellini says.   [View news story]
    My understanding as is that Intel's x86 architecture is 'symmetric' i.e. it always cycles, where ARM is not, which means it won't execute if nothing is being asked, so the power savings are in the technology.

    Also, my understanding is that AMDs product 'zacate' is more efficient energy user while also being more powerful, and that it has something else coming to beat down this 'Oak Trail'. Intel has crushed the competition before, and claims that it is in the process of creating chips that wil crush the energy efficiency of the ARM architecture, but I don't know, I think Intel got caught with its pants down in the new smartphone world...

    Oh yeah, and Intel has gobs of money none of its competitors can match... so we'll see I guess.
    Apr 12, 2011. 10:20 AM | Likes Like |Link to Comment
  • Intel’s (INTC) biggest-ever push into the tablet market will pit its Oak Trail Atom processor against ARM Holdings’ (ARMH) processors that are used in 99% of tablets, including iPads (AAPL). The devices, set for release in May and staggered throughout 2011, can provide “all-day” battery life. Intel is late to the game, but it's "a marathon, not a sprint," CEO Paul Otellini says.   [View news story]
    My understanding as is that Intel's x86 architecture is 'symmetric' i.e. it always cycles, where ARM is not, which means it won't execute if nothing is being asked, so the power savings are in the technology.

    Also, my understanding is that AMDs product 'zacate' is more efficient energy user while also being more powerful, and that it has something else coming to beat down this 'Oak Trail'. Intel has crushed the competition before, and claims that it is in the process of creating chips that wil crush the energy efficiency of the ARM architecture, but I don't know, I think Intel got caught with its pants down in the new smartphone world...
    Apr 12, 2011. 10:15 AM | 1 Like Like |Link to Comment
  • BofA's (BAC -0.5%) internal auditors are apparently reviewing why CFO Chuck Noski and Chief Accounting Officer Neil Cotty weren't shown an investor filing, prior to its release, that regulators had rejected a dividend increase. The lapse raises some troubling questions about how decisions are made and the management style of CEO Brian Moynihan.   [View news story]
    Ship is sailing without a captain, but the captain still collects a paycheck...
    Apr 12, 2011. 10:06 AM | 1 Like Like |Link to Comment
  • "Had the Libyan crisis emerged at a time other than during peak European refinery maintenance, $125 a barrel might already be a distant speck in the rear-view mirror," according to an IEA report which says a rebound in activity this summer will add 2-3M barrels of demand for crude.   [View news story]
    What are you talking about, not only was this president the first in ages to attempt to open drilling offshore in places other than the gulf, he's already reopened drilling in the gulf after an abysmal display of total incompetence by the oil industry in safety and cleanup. The gulf cleanup was an embarrassment by comparison to any other in most regions in the world, and he still is reopening drilling.

    Oil rising is due to dollar debasement your comments are partisan BS.
    Apr 12, 2011. 10:04 AM | Likes Like |Link to Comment
  • More on Cisco's (CSCO +0.6%) consumer business restructuring: CEO John Chambers says "We are making key, targeted moves as we align operations in support of our network-centric platform strategy... our consumer efforts will focus on how we help our enterprise and service provider customers optimize and expand their offerings for consumers..."   [View news story]
    The products are good its their marketing and retail strategy that sucks.... in terms of consumer gear... they could do so much better if they straightened their stuff out.
    Apr 12, 2011. 10:01 AM | Likes Like |Link to Comment
  • Google (GOOG -0.2%) provides $168M to BrightSource Energy for the construction of the world’s largest solar-thermal plant. BrightSource also secures a $1.6B loan guarantee from the government for the 392 MW project in southern California.   [View news story]
    Google is already in wind and locating data centers near dams, either its trying to buy its vast energy requirements at wholesale or thinks its a good business, or both, simultaneously...
    Apr 12, 2011. 10:00 AM | Likes Like |Link to Comment
  • Bill Gross hasn't just dumped his U.S. Treasury holdings, he's now short the Treasury market: 3% of Pimco's $236B flagship Total Return Fund is bet against Treasurys. The fund also increased cash and equivalents to 31% from 23%, making it the largest component for the first time in four years.   [View news story]
    I'll try and add some clarity too, if I understand it right. Bonds were good investments for a long time since rates were 15%+ in the 80s and have been falling since then; and as Hedge said bonds move inverse to interest rates bonds appreciated since the 80s. But at this point the rates can't go lower, and they may move higher for an extended period, so it's a relatively safe bet - rates can't go down so you can't really lose.
    Apr 11, 2011. 10:11 AM | 3 Likes Like |Link to Comment
  • A runoff for Peru's presidency is set between Hugo Chavez ally Ollanta Humala and Keiko Fujimori, the daughter of the country's jailed ex-president. Peruvian shares (EPU) have been underperformers on worries Humala might pull this out, but Fujimori looks to be the favorite headed into the final poll.   [View news story]
    Ha! some choice, the daughter of a criminal or a socialist likely to crush the budding economy, not a good thing for sure...
    Apr 11, 2011. 09:59 AM | Likes Like |Link to Comment
  • Breaking: South African President Jacob Zuma, in Libya to try to negotiate a ceasefire, says Gaddafi has accepted the roadmap to peace proposed by the African Union.   [View news story]
    Gaddafi is a psychopath, he could take advantage of any lull in the fighting just to position himself better to crush the opposition, or hell, crush them in a clandestine method while appearing to be overtly passive...

    As well, who's to say Zuma isn't being overly optimistic... if everything is good and well and holds together bravo to Zuma but I'm wouldn't hold my breath...
    Apr 10, 2011. 11:58 PM | 1 Like Like |Link to Comment
  • Iceland's PM warns of "chaos" (and not getting an invite to Davos or Jackson Hole) after voters again reject a plan to pay back countries whose citizens lost money in the banking collapse. The dispute will end up in court, where the U.K. and Netherlands can explain to a judge why a country's citizens should be liable for the actions of a private financial institution.   [View news story]
    Knight - it appears the effective burden is being shared by the taxpayers of Britain and Netherlands as the government seems to have paid out the money to the 'savers' already.
    Apr 10, 2011. 12:46 PM | 3 Likes Like |Link to Comment
  • Iceland's PM warns of "chaos" (and not getting an invite to Davos or Jackson Hole) after voters again reject a plan to pay back countries whose citizens lost money in the banking collapse. The dispute will end up in court, where the U.K. and Netherlands can explain to a judge why a country's citizens should be liable for the actions of a private financial institution.   [View news story]
    Linked article only has the following for cl;arity:

    "The debt was incurred when Britain and the Netherlands compensated their nationals who lost savings in online "Icesave" accounts owned by Landsbanki, one of three overextended Icelandic banks that collapsed in late 2008, triggering an economic meltdown in the country of 320,000 people... voters rejected the idea that taxpayers should foot the bill for what they see as bankers' irresponsibility."

    Are you certain the Icelandic banks were in fact bailed out? Or is this a situation where Britain/Netherlands is attempting to get the Icelandic people to pay for the failure/insolvency of their banks?
    Apr 10, 2011. 12:38 PM | 1 Like Like |Link to Comment
  • The Peru ETF (EPU +1.3%) is off more than 7% the last 4 weeks as investors brace for the possible Presidential election victory of Ollanta Humala. Trying to distance himself from ally Hugo Chavez, Humala has been campaigning as a "mini-Lula," a reference to Brazil's popular ex-President.   [View news story]
    Peru's politics is an absolute mess but I don't think silver will be affected even with Humala there. Depending what happens on Sunday, Peru may continue being the secret growth story of S America. Of course it's almost pure commodity play but no one arguing against that yet...
    Apr 8, 2011. 02:17 PM | Likes Like |Link to Comment
  • The U.S. Energy Department estimates Poland has 5.3T cubic meters of natural gas in shale deposits, far higher than what other estimates say. Polish production of gas could "change Europe's energy paradigm," making the region far less dependent on Russian supply.   [View news story]
    Poland = the next Canada?

    Strong domestic economy with strong currency, now looking like an energy powerhouse for Europe, and is the US missile defense plan in place there yet? Or did Russia scare us off that one....
    Apr 8, 2011. 02:12 PM | 1 Like Like |Link to Comment
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