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ChiefEngineer

ChiefEngineer
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  • Brazil President says report on Petrobras purchase of Texas refinery "flawed" [View news story]
    Don't worry, Dilma, your sister Obama is right behind you in the gummint takeover of vital industries. Since they then won't be operated for dirty capitalist profit, the "peeple" will benefit. Guffaw, chortle, smirk.
    Mar 19 11:13 AM | 2 Likes Like |Link to Comment
  • Report: Jobs didn't want Apple to make a TV set [View news story]
    If jonny Ive so much as calls in sick with the flu, I'm shorting Apple.
    Mar 17 11:44 AM | 1 Like Like |Link to Comment
  • Toyota to follow Ford and GM out of Australia [View news story]
    I wonder how much labor unions mucked this up for the workers.
    Feb 10 09:39 AM | 3 Likes Like |Link to Comment
  • Apple outperforms as sell-side gives thumbs-up to new iPads [View news story]
    I've been a Mac user for 23 years, and I'm an engineer that compares most devices to marine equipment. Apple's elegant, easy to use, eco system, software is superior, etc. But, along with the elegance is the hardiness, durability, and toughness of the machines themselves. They run and run like something above consumer level into industrial strength. My wife and I have dropped Powerbooks and iPand on hard tile and they suffered dents and never missed a beat.

    In a manner of speaking they are like farm tractors as well as elegant high end autos.
    Oct 23 03:18 PM | 8 Likes Like |Link to Comment
  • Al Gore Should Support Natural Gas Transportation [View article]
    Al Gore supports natural gas emissions. That's why he has to change his underwear many times a day.
    Oct 22 10:03 AM | Likes Like |Link to Comment
  • California regulator sues Whole Foods over pesticide sales [View news story]
    Announcement from gummint of California: no businesses welcome here. Property is theft. Profit is obscenely selfish. So sayeth the Profitless Marx.
    Sep 13 11:08 AM | 1 Like Like |Link to Comment
  • Tim Cook's Improbable Victory In Washington [View article]
    I think it is real simple. Just lower the tax rates to becompetitive with the rest of the world, then you get more money. Just like taxing individuals.
    May 22 10:55 AM | 2 Likes Like |Link to Comment
  • More Buffett/CNBC: "Bonds (AGG, BND, TLT) are priced artificially," he says, and investors in long-term paper stand to lose a terrific amount of money. It echos weekend comments where he told Omaha concert-goers, "I feel sorry for people that have clung to fixed-dollar investments." [View news story]
    Cry me those crocodile tears, Warren. It is precisely this type of market that you have helped to voluntarily create, and shape to fit your investment needs. You opposed the Keystone Pipeline because that would lessen the traffic on your railroads carrying oil in tankers. Your stake in Bank of America soared after you went to Obama and made some sort of quid pro quo.

    I equate you with George Soros.
    May 6 09:23 AM | 3 Likes Like |Link to Comment
  • "It's almost biblical," says Apollo Global (APO) CEO Leon Black. "There is a time to reap and there's a time to sow ... We are harvesting." The P-E kingpin says Apollo has unloaded about $13B in assets over the past 15 months. "The financing market is as good as we have ever seen it. It's back to 2007 levels. There is no institutional memory ... We're selling everything that's not nailed down." [View news story]
    You know that song on Cops TV program?: "Bad boy, bad boy, what's you gonna do, what's you gonna do when the interest rate goes through (the roof)?"

    The cost of money to the banks goes up, housing market collapses, and money leaves the market. You see, the way to keep inflation down is to depress the economy to dampen demand and wages, through the statist, socialist, Marxist policies of the Democratic Progressive Socialist Party. Using stimulus and bond buying is a cheap, elitist substitute for real nutrition. It favors the wealthy and makes the markets one big casino. The aristocracy of Louis IV could not have designed a self serving system better.

    And who supports this the most: America's uncle, Warren Buffet and the rest of the Marxist Billionaires with all the right connections.
    May 5 06:24 PM | 1 Like Like |Link to Comment
  • After completing talks with Texas' government, Samsung (SSNLF.PK) will proceed with a $3.9B investment to refurbish an existing production line at its chip plant in Austin and on increasing the output of system chips at the facility. (previous[View news story]
    Your second comment nullifies your first, in case you didn't notice. You need to look at ethnic, economic, educational backgrounds of students and do comparisons with other states.
    Dec 21 02:00 PM | Likes Like |Link to Comment
  • Einhorn And Buffett Are Right: General Motors Is A Great Buy [View article]
    This article needs to state that its thesis rests on the following to be valid:

    1. The White Ho House and at least part of Congo-less is controlled by Progressive Socialist Marxist Democrats


    2. The state of Ill-noise remains a non right to work state, effectively giving control of GM, Generally Mediocre, to Progressive Socialist Marxist Democrats UAW.

    Didya read about the pending Longshoreman's strike. If the above holds, then your Argentina/Venezuela in waiting grubmint will always print more dollars to ensure the Potemkin Village of GM is on life support.
    Dec 21 01:53 PM | 1 Like Like |Link to Comment
  • After completing talks with Texas' government, Samsung (SSNLF.PK) will proceed with a $3.9B investment to refurbish an existing production line at its chip plant in Austin and on increasing the output of system chips at the facility. (previous[View news story]
    Did you, high tax, large incompetent over reaching Socialist Progressive union robber barren states, get that?
    Dec 20 04:08 AM | 1 Like Like |Link to Comment
  • More on Consumer Confidence: The 73.7 read is the highest since Feb. 2008's 76.4. This month's gain was the result of an increase the Expectations Index to 85.1 from 84, while the Present Situation Index held about steady at 56.6. Those saying jobs are "plentiful" rose to 11.2% from 10.4%. "Hard to get" held steady at 38.8%. (full report[View news story]
    More gummit freebies on the way.....
    Nov 27 02:28 PM | Likes Like |Link to Comment
  • It's not just equities, the cult of bonds is also dying, declares Pimco's Bill Gross. “The age of credit expansion which led to double-digit portfolio returns is over,” Gross says. “The age of inflation is upon us, which typically provides a headwind, not a tailwind, to securities price – both stocks and bonds.” We have to adapt to a “new normal,” which means no more “super-size" market returns. [View news story]
    The dollar today is worth 2 cents compared to the value of 1900. I remember in the 60s when gasoline was 28 cents a gallon and a Volkswagen beetle was 1900 dollars.

    If you tell me the returns in an equity market are such and such more or less, than you have to be talking in constant dollars. The dollar is worth 1/3 of what it was in 1970. To say that the S&P is the same numerical figure as 12 years ago is not correct. The value of the dollar will continually decline. The relevant question is, do the price of equities rise to offset this on a one to one ratio.

    And then, what about periodic equity declines over various time periods?
    Sep 5 11:54 PM | 3 Likes Like |Link to Comment
  • It's not just equities, the cult of bonds is also dying, declares Pimco's Bill Gross. “The age of credit expansion which led to double-digit portfolio returns is over,” Gross says. “The age of inflation is upon us, which typically provides a headwind, not a tailwind, to securities price – both stocks and bonds.” We have to adapt to a “new normal,” which means no more “super-size" market returns. [View news story]
    "I've never liked gold, never own it and have shown conclusively that over extended periods it woefully underperforms equities (by a factor of over four since 1900). It's a fear buy, not an investment."

    I think you should see this before you repeat the above statement:

    http://bit.ly/Q9Yau1

    Cheers....
    Sep 5 10:23 PM | Likes Like |Link to Comment
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