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  • Nokia (NOK +0.2%) will post a €0.25/share loss next year after losing €0.34/share this year, predicts BMO's Tim Long, who's downgrading shares to Underperform and valuing the company at just $2/share (purely on account of its cash and patents). Long predicts Nokia's Lumia phone sales will come in at a disappointing 20M in 2013, a figure that will fail to offset an expected 15% drop in industry feature phone sales. (prior downgrades[View news story]
    "a figure that will fail to offset an expected 15% drop in industry feature phone sales"

    Should we take him seriously when he doesn't state where this 15% drop is coming from? I suspect he is extrapolating prior share losses of featurephones to smartphones forward, but that number seems huge, and without any support to the comment, I'm inclined to write off his opinion as abject guessing.

    I think Nokia is going to catch a lot of these 'analysts' by surprise. Yes, I'm long Nokia.
    Sep 25, 2012. 11:49 AM | 7 Likes Like |Link to Comment
  • The first reviews for the Tesla (TSLA) Model S start to pour in, largely on the positive side. The electric vehicle boasts impressive acceleration, a smooth ride, and a massive infotainment system chock full of delights, according to the writers. With demand for the model uncertain, and its success seen as an all-or-nothing watershed moment for the company, early buzz on the car is viewed as critical. (Reviews: Engadget, Motor Trend, Wired, CNET[View news story]
    The S has a range of 260 miles, well under the average US commute.

    Charging tech is far more advanced than you realize with 15min recharges to 80% capacity already available.

    Charging stations - and mobile phone 'apps' to find them - are popping up everywhere. It doesn't take much planning to perform long range trips on electric power anymore.

    Most of the free recharge stations in my area are always occupied, and the private sector is filling the need for more every day.
    Jun 23, 2012. 10:34 AM | 7 Likes Like |Link to Comment
  • The Reagan tax cuts, still controversial 30 years after being signed into law, were highly stimulative, but only because the economic circumstances of the time - high inflation, high tax rates - made it so, Bruce Bartlett writes. Reenacting some version of the tax cuts under today’s conditions - near-zero inflation, low tax rates - would not bring about similar results, he says.  [View news story]
    He means that that folks won't be spending more because of a tax cut since they don't pay any taxes now anyway since they don't make enough money to since the economy sucks.
    Aug 15, 2011. 06:29 PM | 7 Likes Like |Link to Comment
  • Geithner says "we're running out of time" to raise the debt ceiling. Bernanke says failure would be "calamitous." Pres. Obama says seniors might not get Social Security checks without a deal. But, Kurt Brouwer asks, isn't this the same gang who said TARP, the stimulus, Obamacare, QE1 and QE2 would fix things? Is it any wonder that Americans "just do not trust our leadership anymore?"  [View news story]
    Politics are so polarized in the US I got int'l friends and associates calling me up asking what is going on. Everyone wants to know if the US will default and what the repercussions will be on their own sphere.

    Basically, the rest of the world is already panicking, and we aren't anywhere closer to resolving the issue.
    Jul 14, 2011. 06:32 PM | 7 Likes Like |Link to Comment
  • Just wait for Q2 earnings, optimists said back in June - and after an ugly jobs report, bulls are doubling down on that hope. But estimates are down 4.3% from a May 13 peak, Dave Kansas notes, and financials could be especially disappointing; maybe too much pessimism has become too much sunshine. Still, won't it make earnings surprises more likely?  [View news story]
    With purchasing power and wages down while jobs are not being created, it's hard to be optimistic on many sectors of the economy.
    Jul 9, 2011. 08:50 AM | 7 Likes Like |Link to Comment
  • Inflation? Just look at the deflation all around you - cars, clothes, home energy, hotel stays, furniture and appliances, electronic gadgets of all kinds. "There's no grand conspiracy to keep the headline number down," Matt Busigin writes.  [View news story]
    my rents are going down - middle/working class tenants and seniors. I'm experiencing deflation but somehow all the numbers out there claim rents going up... housing costs are declining in every space in my opinion.
    May 20, 2011. 06:10 PM | 7 Likes Like |Link to Comment
  • House Speaker John Boehner raises the bar in talks over the U.S. debt ceiling, telling the Economic Club of New York that spending cuts must exceed any boost to the borrowing limit. Also, "raising taxes is off the table" because it would "have a devastating impact on our economy." The debt limit debate in Congress is now seen as stretching into July.  [View news story]
    Which part is political posturing and which part honest discourse...
    May 10, 2011. 10:06 AM | 7 Likes Like |Link to Comment
  • Chesapeake Energy (CHK) says workers have stopped the flow of drilling fluids from a natural gas well in Pennsylvania that leaked the chemical-laced water for two days. Critics say hydraulic fracturing - "fracking" - could poison water supplies; the company claims the incident posed "minimal" environmental impact.  [View news story]
    Right because exaggeration and parody are clearly the hallmarks of intelligent discourse.
    Apr 22, 2011. 12:15 PM | 7 Likes Like |Link to Comment
  • Research from Bloomberg New Energy Finance suggests large solar-panel projects may surge over the next two years - with prices competitive with coal, and dropping by 50% to $1.45/watt to build by 2020. "We are already in this phase change and are very close to grid parity," says one CEO.  [View news story]
    The economics of renewables differ vastly from those of coal, or other consumables. There's a strategy. Renewables create productivity in the economy because the cost is one off.

    Additionally, please stop the obfuscation, oil and coal are big beneficiaries of government subsidies.
    Apr 6, 2011. 12:04 PM | 7 Likes Like |Link to Comment
  • Research from Bloomberg New Energy Finance suggests large solar-panel projects may surge over the next two years - with prices competitive with coal, and dropping by 50% to $1.45/watt to build by 2020. "We are already in this phase change and are very close to grid parity," says one CEO.  [View news story]
    Wow 1) try reading the article, 2) disturbing lack of knowledge and interest in obtaining knowledge in your comment.

    The point being made is the watt for watt PRODUCED, if you don't understand that I can try and explain, solar is getting to the point where it will be cheaper than coal.
    Apr 6, 2011. 11:41 AM | 7 Likes Like |Link to Comment
  • After more than 90 hours of debate, the Republican-controlled House voted to cut at least $61B in federal spending this year. The measure now heads to the Democratic Senate, along with the possibility of a budget battle that could shut down the government.  [View news story]
    Useless, nothing meaningful at all. The american people lose again while the morons play politics instead of engaging in meaningful dialogue. What a joke. They can't possibly, honestly, seriously have expected that what they passed had a snowball's chance in hell of making it through the Senate or passed by the president.

    Let's hope gov't really shuts down, the clowns in charge stop getting their paychecks.

    Of course in that case they'll just make an amendment keeping their pay coming while everyone else does without.
    Feb 19, 2011. 02:34 PM | 7 Likes Like |Link to Comment
  • The recession's been hard on everyone, but there's a particular pain on older Americans, 1.6M of which are putting off retirement - with stock portfolios worth less than in 2006 and fixed-income investments with no income. And don't ask whether their house is worth more than it was a few years ago.  [View news story]
    We can at least be happy for elder americans in that soc sec and medicare willl likely still be around for them and that any adjustments planned or enacted won't affect them.

    I personally know a few of these guys who can't/won't retire, I feel for them but they universally scoff when I tell them soc sec won't be there for me and my children...
    Dec 11, 2010. 07:23 AM | 7 Likes Like |Link to Comment
  • America's Mammoth Natural Gas Inheritance: The Burden of Transition [View article]
    Said new government is also offering tremendous incentives to reduce energy consumption, among other things a 30% reduction in the cost of installing geothermal heating/cooling systems. Also article here recently pointed out $3B in incentives is starting to trickle out any day now for wind and solar.

    I realize the portion of US energy in renewables is low but I suspect each and every project has a noticeable impact on our overall use.

    I agree the country needs stronger energy policy, and that more focus on NG can help, but to an extent was that not encouraged by cap and trade?

    I think overall this administration - even with all the problems facing it - is doing an admirable job on energy policy and is definitely taking us in a new direction.
    Aug 4, 2009. 07:01 AM | 7 Likes Like |Link to Comment
  • China's Growth: Far Less than Meets the Eye [View article]
    they've got plenty of ability to keep it going for a long time, even if it will eventually pop
    Aug 3, 2009. 09:56 AM | 7 Likes Like |Link to Comment
  • Electric car maker Coda files for Chapter 11 bankruptcy after selling only one hundred units of its all-electric model. The company aims to come out the other side of bankruptcy as an energy storage firm. The development effectively leaves Tesla Motors (TSLA) the last automaker standing out of a promising California-based EV trio that also included Fisker and Coda. [View news story]
    Coda actually made a nice product, it's weakness was in that it could not float it's way to profitability because of its business model. It's sort of a shame really.

    Fisker's business model is what did that company in, and arrogant management.

    Tesla started with a viable business model, and that's why it's still here. Testament to Elon Musk's competence that Tesla is the first US automaker to appear and succeed in a half century or more.
    May 1, 2013. 07:49 AM | 6 Likes Like |Link to Comment