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  • Kevyn Orr: Detroit can come back  [View news story]
    Detroit stands as a monument to the failure of the progressive unionized welfare state. Sort of like raising a sunken ship back to the surface and expecting it to stay afloat without major repairs.
    Why waste the time?
    Aug 4, 2013. 02:52 PM | 3 Likes Like |Link to Comment
  • June Consumer Confidence: 81.4 vs. 75.0 consensus; 74.3 in May (revised).  [View news story]
    Ben is swinging a very dangerous Tiger. If he lets go, the Tiger is going to eat his lunch. So he keeps swing. A wise man would have left this animal alone in the first place.
    Jun 25, 2013. 10:33 AM | Likes Like |Link to Comment
  • U.S. gasoline demand in the coming peak spring-summer driving season will slip to a 12-year low of 8.87M bbl/day as fuel-efficiency gains more than offset increasing highway travel, EIA forecasters say. The U.S. average retail price for regular gasoline is projected at $3.63/gal., down 1.8% Y/Y, due mostly to slightly lower crude oil prices that account for 65% of the pump price.  [View news story]
    You have no idea what you are talking about, H-shotttt.
    Almost All currencies are being devalued at the same time so crude just goes up in price in every country. 90% of what you said is incorrect.
    Apr 11, 2013. 10:38 AM | Likes Like |Link to Comment
  • U.S. gasoline demand in the coming peak spring-summer driving season will slip to a 12-year low of 8.87M bbl/day as fuel-efficiency gains more than offset increasing highway travel, EIA forecasters say. The U.S. average retail price for regular gasoline is projected at $3.63/gal., down 1.8% Y/Y, due mostly to slightly lower crude oil prices that account for 65% of the pump price.  [View news story]
    With Bernanke printing TRILLIONS in funny money, you were expecting the value left in the dollar to buy the same amount of oil???
    Apr 10, 2013. 11:28 AM | 2 Likes Like |Link to Comment
  • A startling statistic: The world’s ~500 giant oil fields comprise ~1% of all fields but produce 60% of current world supply. New technologies have kept output for the fields higher for longer, only for rapid declines to kick in later. It means the annual rate of production decline can be expected to worsen, and it will become more difficult for new discoveries to replace declining output.  [View news story]
    Judging from the 75 MPH speeds on the Interstate, coupled with the surge in new truck sales, I'd say nobody really gives a flip. At 70 MPH going thru Brentwood Tenn, on the 65, you're probably going to get run over sooner or later.
    Apr 9, 2013. 12:08 PM | Likes Like |Link to Comment
  • NBC plans to install Jimmy Fallon as the next host of the iconic The Tonight Show following the 2014 Winter Olympics with the cantankerous Jay Leno set to end his longtime affiliation with the network. What to watch: The network's more immediate future is hinged on the return of The Voice and Revolution which helped pull the Comcast (CMCSA -0.7%) property out of its extended ratings slump as well as its new sports channel which needs to justify its hefty programming costs by generating significant ad revenue and carriage fees.  [View news story]
    You mean I get to watch J Leno bash the unbalanced liberal NBC TV Network for at least the next year? Nice!

    Jay Rules!
    Apr 3, 2013. 01:57 PM | 1 Like Like |Link to Comment
  • Airlines around the world have gone to great lengths in recent years to reduce the weight they carry, with an eye to decreasing fuel requirements and increasing profit. So if weight is such a key concern for airlines' operations, why not charge for overweight passengers as well as overweight baggage? At least one economist thinks it's a great idea.  [View news story]
    This reminds me of a flight I took on a stretch 707 loaded to the max with GIs bound for Saigon, plus loaded with all the junk and baggage every one of us GIs could pack into one duffel bag and a suitcase.
    Got to Okinawa on a very hot March day and tried to take off at noon with a full load of fuel scheduled for a round trip to Vietnam (limited refueling allowed on the ground due to enemy element in the area, per Continental Airlines contract).
    Thought we were going to die. That plane went down the runway for an eternity. We were sure they had run out of runway. And when they did get off the ground, we seem to spend a lot of time skimming the pacific.
    Clean up on Isle one....
    Mar 30, 2013. 12:44 PM | Likes Like |Link to Comment
  • Cyprus imposes €100 per day limit on ATM withdrawals. Until now, depositors were able to withdraw up to €260 per day at Cyprus Popular Bank. Restriction will remain in place until further notice.
      [View news story]
    Not here! The U.S. is drowning in Bernanke cash (funny money).
    F-Dic would shell out all the cash that depositors need.
    When that runs out, Helicopter Ben will print some more.
    Mar 24, 2013. 01:59 PM | 2 Likes Like |Link to Comment
  • Bernanke press conference: Banks can not only handle a sustained increase in interest rates, but should thrive, he says, as higher rates mean increased net interest margins and a higher franchise value. Suggestion for a follow-up: What if it's short-term rates which increase?  [View news story]
    Inflation as far as the eye can see...
    Mar 20, 2013. 03:36 PM | 2 Likes Like |Link to Comment
  • Investors who fled in fear over potential tax increases from the fiscal cliff have barely broken a sweat over spending cuts only two weeks away, as no one wants to sell again on an armageddon story only to watch stocks climb to new highs. But investors expecting a deal may underestimate the potential impact; with some seeking an excuse to sell after the run-up, failure to reach a deal is "by a long stretch" the top candidate to prompt a real pullback.  [View news story]
    The terms Tax and Spend have been replaced (by edict) with "Revenues and Investment".
    As in: a pant-load of new obamaCare taxes/fees/penalties AKA revenue enhancements and of course Solindra-like investments.
    Feb 16, 2013. 03:57 PM | 2 Likes Like |Link to Comment
  • The next Xbox will feature an 8-core, 1.6 GHz., x64 CPU, a Blu-ray player, and an 800 MHz. GPU, according to a spec sheet posted by VGleaks. The CPU and GPU suppliers aren't disclosed, but past rumors have indicated AMD is supplying the GPU, and either AMD or IBM is providing the CPU - the use of an x64 chip would suggest AMD. Meanwhile, hopes are up the next Xbox will support Microsoft's (MSFT) Illumiroom tech, which projects images onto the space surrounding a TV screen while a game is played.  [View news story]
    I bought one of the first Playstation 3s when XBOX was going into melt down. And I can still shoot down German fighters like ducks in a barrel.

    Wasted the money buying the extended warrantee. Could have gotten an extra game or two instead.

    Jan 22, 2013. 04:04 PM | Likes Like |Link to Comment
  • The NAAIM Manager Sentiment survey soars to 88.1 - "literally off the charts bullish," says Schaeffer's Ryan Detrick, pronouncing himself concerned at so many professionals moved to one side of the boat. (longer-term chart[View news story]
    M I - If you really believe that, then you need to prepare for another credit downgrade. The worlds biggest bubble (bonds) could burst.
    But wait - Bernanke would just double-down on his funny money printing and bond buying scheme.

    How will we know for sure that this is a bad idea?
    Ans: When you keep seeing dollar bills blowing down the street and no one will pick them up.
    Dec 29, 2012. 03:05 PM | Likes Like |Link to Comment
  • As the White House keeps a tight lip on whether it plans to intervene in the looming port strike, the nation's business leaders are urging President Obama to invoke Taft-Hartley in order to ensure that 14 U.S. ports remain open. Unionized dockworkers have threatened to strike at 14 ports around the U.S. beginning this weekend, with the potential hit to the economy estimated at over $1B per day.  [View news story]
    Windsun33 quote: "Trying to discuss issues with you and Terry is like arguing with a pig - it accomplishes nothing and annoys the pig. "

    I only regret that I can't give you 4 thumbs up for that remark. I laughed so hard I dam-near hurt myself.
    Dec 28, 2012. 02:14 PM | Likes Like |Link to Comment
  • The fiscal cliff may be already damping down the economy, yet a surprising number of policy analysts and legislators think diving off the cliff is the only way to force a deal that will make tough choices. But it could take longer than expected to reach a deal if the Dec. 31 deadline is passed, causing significant damage to the economy, the stock markets, and consumer and business confidence.  [View news story]
    Austerity, Tack, will gore everyone's Ox. That is why no politician will lay out the plan details. People want their free cake and eat it too.
    To the liberal thinker, reality is 4 more years of tax, spend, and borrow.
    The end to that plan will come sooner or later.
    Oct 27, 2012. 12:36 PM | 1 Like Like |Link to Comment
  • Bunge Notes Boost In South American Planting In Response To U.S. Drought  [View article]
    So that's why we have global trade.
    Cheap Turkey, but not this year...
    Oct 26, 2012. 03:00 PM | Likes Like |Link to Comment