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  • April Nonfarm Payrolls: +165K vs. consensus +145K, 138K previous (revised from +88K). Unemployment rate 7.5% vs. consensus 7.6%, 7.6% previous. [View news story]
    I just don't believe any of it anymore. A number comes out, it gets adjusted later. At this point no one can possibly believe these numbers reflect reality. How many people have just fallen off the cliff (e.g. no longer looking for work, working part-time, unemployment benefits exhausted, etc)

    These numbers may make some people feel better but they make me uneasy. I feel that the rug that all of the dirt is being swept under has a huge bulge in the center.
    May 3, 2013. 08:51 AM | 10 Likes Like |Link to Comment
  • Now that Washington looks to have accepted the $85B sequestration, GOP legislators are looking to see where they can apply the scalpel rather than the machete. Programs at risk include one for robotic squirrels that helps researchers understand how squirrels interact with rattlesnakes, and Nasa's research on feeding astronauts on Mars. [View news story]
    Please cite a source for the, "Democrats have offered to reduce some of the sequester’s cuts in exchange for closing tax loopholes." assertion. Thanks.
    Mar 10, 2013. 10:43 AM | 2 Likes Like |Link to Comment
  • Is It Time To Consider Freeport-McMoRan? [View article]
    I considered it at $31.79
    Feb 14, 2013. 04:12 PM | Likes Like |Link to Comment
  • OM Group (OMG +9.1%) agrees to sell its advanced materials business for $325M to a JV that includes Freeport McMoRan (FCX); OMG says it also may receive up to an additional $110M based upon certain revenue targets over a three-year period. OMG says the sale is in line with its strategy to shift toward technology-based businesses with attractive growth prospects and more predictable profits. [View news story]
    FCX continues to make very astute moves and is positioning itself very well. I am very happy I backed the truck up at $31.97.
    Jan 22, 2013. 12:45 PM | 1 Like Like |Link to Comment
  • Going over the fiscal cliff "looks like where we're headed," says Senate Majority Leader Reid. S&P 500 losses accelerate, -0.7%[View news story]
    But we have "diversity" and "equality". That is what is really important. Not mean-spirited things like leadership, accountability and accomplishment.
    Dec 27, 2012. 11:15 AM | 5 Likes Like |Link to Comment
  • A preliminary review by Michigan has found that Detroit has a "serious financial problem," with reporting problems causing cash-flow projections to significantly oscillate on a monthly basis. The review could lead to the declaration of a fiscal emergency and prompt the appointment of an emergency financial manager. A municipal filing for bankruptcy protection, the biggest in U.S. history, could ultimately ensue. (previous[View news story]
    The city "leaders" in Detroit are already calling for Obama to bail them out ("bring home the bacon") because for no other reason than they voted for him. Obamaphone corruption in America is just beginning.
    Dec 16, 2012. 09:30 AM | 9 Likes Like |Link to Comment
  • Southern Copper (SCCO +0.6%) is now Citigroup's preferred America's copper exposure and is raised to Buy in tandem with a downgrade of Freeport McMoRan (FCX -4.2%). SCCO operates true Tier 1 copper assets with cheap growth potential and minimal sustaining capex requirements, the firm writes; a near-term risk is that labor contracts in Peru need to be renegotiated in 2013. [View news story]
    This is ridiculous. This is nothing more than Citigroup, Blackrock, etc. throwing a tantrum because they weren't privy or allowed forewarning. This is an excellent longterm move by FCX that increases it's reach and capability.

    All this does is create a fine buying opportunity.
    Dec 6, 2012. 03:25 PM | Likes Like |Link to Comment
  • A bull on local newspapers, Warren Buffett's Berkshire Hathaway (BRK.B) will close at year's end its 10K-circulation Manassas News & Messenger, which began publishing in 1869. "We didn't see any way to turn it back into a profitable enterprise," says Terry Kroeger, who manages Berkshire's newspaper division. [View news story]
    If you don't mind obsidian, I would like to see some hard evidence regarding the different time frames. Frankly, I don't see much of a difference even if a difference in holding does exist. Its all investment for profit. If a company fails in 3 years versus 7, it still fails.

    I realize the Left's claims go nearly unchallenged these days, but maybe you could indulge my "prejeduce" (sic).
    Nov 15, 2012. 06:56 AM | 1 Like Like |Link to Comment
  • A bull on local newspapers, Warren Buffett's Berkshire Hathaway (BRK.B) will close at year's end its 10K-circulation Manassas News & Messenger, which began publishing in 1869. "We didn't see any way to turn it back into a profitable enterprise," says Terry Kroeger, who manages Berkshire's newspaper division. [View news story]
    Wouldn't this make Buffet (the liberals' favorite capitalist) akin to that evil Romney and his actions at Bain? I think I need Chris Matthews to explain this to me.
    Nov 14, 2012. 03:43 PM | 1 Like Like |Link to Comment
  • Seeking Alpha's Election Overview [View article]
    @Shaun, you cite the USD as being the world's reserve currency as a reason why the US is in better shape than Greece. Well, if you think that is a legto stand on, you have not been paying attention. China is /has been making deals with Australia, Brazil, Argentina and Japan for huge currency swaps and exclusive trade deals NOT tendered in USD.

    So, the world (i.e. China) is actively and aggressively working to undo the USD as the world's reserve currency. Additionally, as inflation takes hold it will be a double-whammy when thos near worthless USDs come home to roost.
    Nov 7, 2012. 05:11 PM | 1 Like Like |Link to Comment
  • "Asian-Americans are the highest-income, best-educated and fastest-growing racial group in the United States," the Pew Research Center wrote in recent massive study. The WSJ discusses the rise of Asian-Americans in a weekend essay, saying that they "have become the immigrant group that most embodies the American promise of success driven by will and resolve." [View news story]
    Good. Compared to the other hordes, Asians share the values that made America great.

    Who knows? An influx of Asians (that stay true to their culture) in lieu of other less productive immigrants, the election of Romney and the subsequent trimming down of entitlements and the federal government and improved economy, coupled with a new/different reality for the "Obamaphone" types in this country and we may actually be able to turn things around.

    My fingers are crossed.
    Oct 28, 2012. 10:07 AM | 3 Likes Like |Link to Comment
  • GDP Q3 (1st estimate): +2.0% vs. +1.9% consensus, +1.3% previous. [View news story]
    I'll bet it gets revised down. Secondinly, the fact a large portion of the growth was due to government expenditures is not good.

    Though its not doomsday, I don't think its wise to whistle past the graveyard either. The economy is in bad shape and hasn't made any real strides at all. As I pointed out, annual GDP is trending down.
    Oct 26, 2012. 01:48 PM | 2 Likes Like |Link to Comment
  • More on Q3 GDP: Real personal consumption +2% vs. +1.5% in Q2. Residential fixed investment +14.4% vs. +8.5%. Federal government expenditures +9.6% vs. -0.2%. Real final sales +2.1% vs. +1.7%. Prices +1.5% vs. +0.7%. Quickly rebounding stock index futures are given another boost by the beat, the S&P 500 flat after being down about 1%. [View news story]
    The OWS types want MORE government handouts and a LARGER nanny-state. They didn't stand up for anything more than their own perpetual adolescent, selfish, chronic malcontented interests.
    Oct 26, 2012. 01:42 PM | 8 Likes Like |Link to Comment
  • GDP Q3 (1st estimate): +2.0% vs. +1.9% consensus, +1.3% previous. [View news story]
    Really? You are touting 2%? The annual 2012 GDP is lower than the annual 2011 GDP.

    I am not necessarily a "double dipper", but good Lord, I wouldn't hang my hat on the GDP data.
    Oct 26, 2012. 09:50 AM | 1 Like Like |Link to Comment
  • Jim Rogers: The U.S. Faces Several 'Lost Decades' [View article]
    The USD is being replaced by SDRs. The debt ($16T+) and the the trade agreements being made by Russia and China with the rest of world that will not be tendered in USD are now insurmountable. Get out of USD equities and get into gold and silver.
    Oct 16, 2012. 06:57 AM | 1 Like Like |Link to Comment
COMMENTS STATS
855 Comments
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