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kmi

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  • T-Mobile (DTEGY.PK) and Sprint (S) will both offer a tablet computer next year that will be 4G speed enabled. Details are scarce on both devices, but Sprint said yesterday it planned to expand its tablet offering beyond the Galaxy Tab (SSNLF.PK) to keep up with surging demand.  [View news story]
    Beyond Galaxy or is it beyond Android? hmm

    RIM has suggested 4g is coming to their Playbook even though it would debut with wifi, so that's a good candidate... but of course everyone is making tablets, but not everyone has said they'd ship devices with 4G, so the question lies therein.
    Dec 10 05:01 PM | Likes Like |Link to Comment
  • Calling China the "kings of quantitative easing," Richard Duncan says it's "hypocritical" of them to complain about Fed policy. China has been printing $250B in yuan/year to keep its currency from rising. For good measure, Duncan calls China "the greatest economic bubble in history."  [View news story]
    Strongly worded but it does appear the biggest opponents of US QE are those who have unfair advantages of their own and who also have the US as a large consumer of their products.
    Dec 10 09:19 AM | Likes Like |Link to Comment
  • In echoes of 2008, commodities, many at multi-year or all time highs, appear to be an accepted asset class. "We are seeing investors flock to commodity resources," notes an analyst, "that pattern will continue regardless if prices move higher or lower." If they move lower?  [View news story]
    This is the problem, oil is higher than it should be historically speaking because it is now an asset class and there is a lot of investment capital that owns it in anticipation of appreciation rather than consumption.

    It's troubling to me because this is another way past deregulations have influenced for the worse our current situation. Personally I feel that current oil prices represent a significant drag on global economic activity that didn't need to be as it is.

    Also personally, my energy consumption in terms of oil is down 30% or more since 2007. Next year I expect to push it lower yet as I take advantage of alternative energy sources, and my free cashflow will increase.

    EDIT since this is SA I'd say I expect oil at $80+ for the protracted long term unless we get a slowdown in global goods consumption, and NG will continue to be better BTU for BTU for the forseeable future until consumption patterns change (increased demand via more folks switching fuels).
    Dec 10 09:06 AM | Likes Like |Link to Comment
  • Surging oil demand from China is "suggesting the economy is in danger of overheating," according to an IEA report that again raised estimates for worldwide use. Oil's rise to $90/bbl is "plausible ... given that upward demand revisions have outstripped those for supply."  [View news story]
    I think folks see Chinese oil demand as the canary in the global economy coalmine so they watch it carefully... Well I see it like that anyway heh.
    Dec 10 09:01 AM | Likes Like |Link to Comment
  • The government proposes relaxing export limits on technology items with military applications sold to a list of 37 allies, in service of President Obama's goal of doubling U.S. exports. The current system's slow licensing hurts American competitiveness, Commerce's Gary Locke says.  [View news story]
    Hmm our overseas policing actions must not be resulting in enough consumption of military goods. Assymetric warfare seems to have that effect. Somehow I don't see military equipment manufacturers doing well in the future regardless of relaxing export restrictions...
    Dec 9 12:08 PM | Likes Like |Link to Comment
  • A Bloomberg poll finds that most Americans across the political spectrum want the Fed reined in or abolished. Asked if the central bank should be more accountable to Congress, left independent or abolished entirely, 39% say it should be held more accountable, and 16% say it should be abolished; only 37% favor the status quo.  [View news story]
    That's a good incisive question. I personally like Bloomberg and respect what he has done in NYC but this poll is not the first problematic piece of news to run on the site. The question is, to what extent do we believe he vets every item to pop up on the site and further, to what extent does he influence it?

    In a perfect world opinions would be efficient - like we believe markets to be - and BS would be readily discredited but I guess in the end its important to realize that often what masquerades as quantitative analysis is most often not, and avoid taking anything at face value.
    Dec 9 12:01 PM | Likes Like |Link to Comment
  • The tax cut deal could boost growth to more than 4% next year, Morgan Stanley's David Greenlaw and Richard Berner say, compared to earlier forecasts of 3%. Two likely intangible benefits: reduced uncertainty, and a boost to investors' risk appetite. Greenlaw also sees purchases climbing 2.5%, as consumers become a more "significant contributor to the growth outlook."  [View news story]
    More like, at next election Dems will say they had to do it cause Reps forced them to and Reps will say Dems responsible for increasing the deficit and whoever wins the popularity contest will take the cake and continue to crush the life out of the economy.

    I love the rosy optimistic projections that make headlines long enough to bring publicity to the issuer which are subsequently revised based on "new data."
    Dec 9 11:01 AM | Likes Like |Link to Comment
  • A Bloomberg poll finds that most Americans across the political spectrum want the Fed reined in or abolished. Asked if the central bank should be more accountable to Congress, left independent or abolished entirely, 39% say it should be held more accountable, and 16% say it should be abolished; only 37% favor the status quo.  [View news story]
    Great comment Gordon. Perhaps i f the fed had a public image division and ran ads on tv people would think different, how disappointing.
    Dec 9 10:31 AM | Likes Like |Link to Comment
  • Analysts are sharply divided on whether Texas Instruments' (TXN +0.6%) narrowing of its Q4 forecast is a "short, shallow correction" or something more serious. On one side, semiconductor inventories are at appropriate levels and the industry is headed for a “soft landing.” Or, an order contraction is coming, and TXN’s distribution business is “likely at its lowest point in over a year.”  [View news story]
    TI has some nice smartphone/tablet product in the pipe for next year,

    "The new OMAP4440 can send its two Cortex-A9-based cores as high as 1.5GHz, while the 4430 tops out at 1GHz."

    Of course all the chip guys are on the same dualcore track sooooo...
    Dec 8 05:00 PM | Likes Like |Link to Comment
  • Score another win for hackers supporting WikiLeaks' Julian Assange, apparently taking down the Visa (V) website after crashing the MasterCard (MA) site earlier today. "It's down!" Operation Payback exults.  [View news story]
    Aha!

    It's a brand new TYPE of assymetric warfare!

    But we still need the aircraft carriers to shoot down Cessnas and just in case aliens with advanced technology attack us.
    Dec 8 04:35 PM | Likes Like |Link to Comment
  • Goldman Sachs (GS) thinks banks may start lending again, citing Bank of America (BAC +3.5%), Wells Fargo (WFC +2.8%) and PNC Financial (PNC +3.5%) as painting "an improved loan demand picture, with expectations for organic and market share driven growth in 2011 across various loan products." Regional banks up sharply: RF +6.3%, FITB +5.7%, STI +3.8%, KEY +3.4%.  [View news story]
    In the real world this is BS but I guess someone needed to make some news to encourage some trades they could front run.
    Dec 8 04:24 PM | Likes Like |Link to Comment
  • France Telecom (FTE) and other European carriers need billions to upgrade their networks to cope with growing wireless data traffic, and want bandwidth hogs like Google (GOOG) and Apple (AAPL) to contribute. The data explosion caused by 'net users is "a challenge for carriers like us,” says an FTE executive. And if the operators don't get the money they want, there could be a cold war.  [View news story]
    This is pure and sheer idiocy.

    Google and Apple and such provide meaningful enough value that they drive traffic to their sites over the network providers lines. Without Goog/appl et al there wouldn't be traffic on the lines.

    So what came first, the network or the content? what's more important, the network or the content?

    I can't think of a succinct way to phrase it (long day and tired), but this is the most ridiculous thing I have heard today, and is nothing more than a thinly veiled attempt to blackmail content providers into sharing revenue with someone who has not right to it.
    Dec 8 04:19 PM | Likes Like |Link to Comment
  • Mexico will end Pemex's 70-year state-run monopoly on drilling by opening itself to private oil production, CNBC reports, amid some skepticism that the country will give up ownership to foreign companies. Could be that its oil revenues are continuing to slide. Crude futures have trimmed losses from after the EIA's inventory report, now -0.7% to $88.05.  [View news story]
    Mexico is producing drastically less and less oil and it's such a huge part of the government's income they are getting desperate. I'm not keen on Mexico for pretty much anything these days.

    Well, maybe Marijuana. They should tax it it can be their next big thing. The floodgates are opening!
    Dec 8 04:00 PM | Likes Like |Link to Comment
  • New figures show that many car loans are going to people with questionable credit. The percentage of loans going to subprime buyers rose 8% in Q3, first Y/Y increase since 2007, Experian says. The majority of loans still goes to buyers with prime credit scores, but if banks are welcoming more subprime borrowers, it feels like deja vu all over again.  [View news story]
    Are not interest rates higher on automobiles than on houses too?

    (I wouldn't know - I don't think it is a good idea to pay an appreciating price on a depreciating asset)
    Dec 7 04:15 PM | Likes Like |Link to Comment
  • Democrats shouldn't feel too unhappy about the tax cut deal, David Leonhardt writes, because it "looks an awful lot like a second stimulus." Extensions of tax cuts and jobless benefits, plus other tax credits, will pump $900B into the economy; less the cost of the tax cuts leaves $300B in net stimulus over two years - "not be enough to fix the economy all by itself, [but] serious money."  [View news story]
    Hah this is exactly what I've been suggesting it is!
    Dec 7 04:13 PM | Likes Like |Link to Comment
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