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bukdow

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  • Although joblessness amongst the young has grabbed much attention, just as significant are the 3.5M+ middle-aged unemployed, 39% of whom have been without work for at least a year. The rate is unprecedented in modern U.S. history. "Even when you do return to work, it's a much worse job than before you were laid off," says Economist Sewin Chan. (See also)  [View news story]
    Thats for sure, spald. Anything that even makes an inference at the fact the world just doesn't roll over for the white male and we don't receive checks in the mail twice a month merely as part of the "white privilege" that pervades every aspect of our lives, is quickly dismissed or is labeled racist.

    I am all for diversity, but not to the point of stupidity and where it becomes counter to a proper meritocracy.
    Jun 24 11:26 PM | 2 Likes Like |Link to Comment
  • Although joblessness amongst the young has grabbed much attention, just as significant are the 3.5M+ middle-aged unemployed, 39% of whom have been without work for at least a year. The rate is unprecedented in modern U.S. history. "Even when you do return to work, it's a much worse job than before you were laid off," says Economist Sewin Chan. (See also)  [View news story]
    The young people everyone is mewing about will get jobs. Someone who is 52 and now "unemployable" and working low(er) paying part-time jobs the rest of his/her life is the real tragedy in this whole thing. They will eventually become wards of the State.
    Jun 24 03:12 PM | 2 Likes Like |Link to Comment
  • As Western Economies Totter, Don't Overlook Explosive Growth In Africa [View article]
    Considering the gross instability from Nigeria to Burkina Faso due to entrenched, radical Islam, the fact there are zero democratic elections with associated civilized handing over of power, little to no rule of law and there is zero homegrown infrastructure (let alone its consistent up-keep and maintenance) capable of handling any sort of real economy, I think requires not only my insight, but that of many others as well. Who wants to invest huge amounts of capital in an environment that is a thousand times worse than Venezuela?
    Jun 20 06:14 AM | Likes Like |Link to Comment
  • As Western Economies Totter, Don't Overlook Explosive Growth In Africa [View article]
    Africa is a continent filled with incompetents. Period. Until it is re-colonized, you may as well throw your money out the window.
    Jun 19 05:28 PM | Likes Like |Link to Comment
  • Mozambique is blessed by geology - coal reserves estimated at 23B tons and gas deposits of up to 100 tcf, enough to supply Germany, Britain, France and Italy for a decade - and geography - on Africa's southeast coast in prime position to ship energy to growing markets in Asia. But will it succumb to the "resource curse" that has blighted many African states?  [View news story]
    "Resource curse" has absolutely nothing to do with it. The problem is African corruption and incompetence.
    Jun 19 09:58 AM | 1 Like Like |Link to Comment
  • Forget peak oil... the global water crisis will "shake humanity to its core," BI's Gus Lubin writes, as two-thirds of the world’s population could be living under water-stressed conditions by 2025. “As global population grows, water usage has to rise for sanitation, food production and modern energy creation," Matthew Simmons says. "It is unclear whether this can happen.”  [View news story]
    So give me the name of a good ETF.
    Jun 7 11:43 AM | Likes Like |Link to Comment
  • Basic Energy Services Poised To Move Higher After 40% Pullback [View article]
    Bought a chunk today at $10.71. Holding until next Spring at least.
    Jun 7 11:30 AM | Likes Like |Link to Comment
  • Halliburton Hit By Higher Than Expected Guar Gum Prices. [View article]
    I have a very sizeable position at an average cost of $29.81. Today was an extremely good buying opportunity on a great company that is well positioned globally. I am holding until ~next Spring. I am thinking $50+ a share then.
    Jun 6 11:45 PM | 1 Like Like |Link to Comment
  • More on Halliburton (HAL -0.3%): Lowers its forecast for North America margins in its operational update, citing higher costs for guar gum as a result of its expansion of oil and liquids-related activity in North America. Guar gum is an agricultural commodity used as a blending additive to its fluids utilized in hydraulic fracturing. Margins are expected to be impacted by an additional 300 basis points more than previous guidance of 200-250 basis points.  [View news story]
    Buying opportunity?
    Jun 6 03:31 PM | Likes Like |Link to Comment
  • Michelle Obama backs the proposed ban in NYC on large-sized soda drinks before issuing a statement later on detailing that she didn't quite mean to enter the debate. At this point the uproar in the Big Apple has taken much of the steam out of any move to adopt any federal framework to limit soda sales, helping analysts keep forecasts in place for a beverage industry powered by the American consumer who drinks a whopping 43.5 gallons of soda a year on average. [View news story]
    Anyone who annually drinks 43.5 gallons of acidified sugar water should be assessed a stupid tax that could be used to offset the expense of their diabetes treatment.
    Jun 6 09:40 AM | 1 Like Like |Link to Comment
  • Bakken Update: Continental Resources' Well Results Are Getting Better [View article]
    Agreed. I bit at 7.33 for KOG on Friday.
    Jun 2 03:21 PM | Likes Like |Link to Comment
  • Amidst the commotion over what the sell-side told favored clients ahead of the Facebook IPO, Jeff Matthews points out the company's revenue growth (publicly available) has been sliding sharply for over a year. Maybe a bigger warning sign, Zynga - the equivalent of a hot-dog vendor in Yankee Stadium (FB is The Stadium) - is slowing at an even sharper rate. "People wanted to buy Facebook, no matter what."  [View news story]
    Boy howdy. You nailed present day America. Ninnies on the Left and Ted Nugent on the Right.
    May 23 10:23 AM | Likes Like |Link to Comment
  • Roger Lowenstein pens an epic love letter to Ben Bernanke in The Atlantic. "The left hates him. The right hates him even more. But Ben Bernanke saved the economy - and has navigated masterfully through the most trying of times." Whatever one's opinion of the man thankfully not yet being called "The Maestro," stuff like this tends to come a lot closer to market tops than bottoms.  [View news story]
    Like it or not, Bernanke steered the economy away from the rocks.
    Mar 14 10:55 AM | 4 Likes Like |Link to Comment
  • A few bulls switched over to the bearish side, according to the AAII sentiment survey for the week ended March 7. The percentage of bulls decreased by 2.1% to 42.4%, matched by an increase in the bears to 29%. Bullish sentiment remains well below the frothy 50%+ levels seen in early February.  [View news story]
    Sell in May and walk away until October.
    Mar 9 02:55 PM | 1 Like Like |Link to Comment
  • Crude oil hits another multi-month high, with the U.S. benchmark WTI at $106.36, a price not seen since May. The world benchmark, Brent crude touches $124 - priced in euros, Brent has taken out its epic 2008 high.  [View news story]
    Exactly, Paris. Carp about gas all you want, if you don't understand investing oil isn't easy money over the next ~15 years, you shouldn't be investing.
    Feb 23 11:25 AM | Likes Like |Link to Comment
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