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The Patriot

The Patriot
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  • Should the government help finance homeownership? asks Robert Shiller in the NYT, referring to the conservatorship of Fannie Mae and Freddie Mac and the Federal Housing Administration's direct subsidization of home-ownership, not to mention execptionially loose monetary policy. Shiller doesn't seem so convinced, pointing out that renters can more easily move if they find a new job, while it's "hardly wise to put all of one's life savings into a single, highly leveraged investment in a home." [View news story]
    "Higher rates of home ownership are highly correlated to a lot of positive social effects -- lower crime, better school performance, more community involvement, the list goes on"

    I have heard that statement for decades. For the sake of argument,
    I will say its mostly true. My guess it has more to do with "family values" than home ownership.

    The stupid loan idea was fully backed by B.Frank et al
    Jul 14 10:47 AM | 3 Likes Like |Link to Comment
  • Base metal stocks have been hammered on China's weakening outlook, and Dundee Securities thinks there's worse to come, as another 15% drop in prices would cause "significant" distress for many miners. The firm downgraded 17 of them today, including Thompson Creek (TC) and HudBay (HBM), and upgraded only Teck Resources (TCK), to Buy thanks to its strong balance sheet as proof it can weather the storm. [View news story]
    Thinning of the herd is a good thing for the longer term investor.
    One cant time the top or the bottom - just try to get close.
    Jul 8 07:17 PM | Likes Like |Link to Comment
  • More fast food chains could follow the lead of Taco Bell (YUM) which is identifying menu items as "protein" instead of "meat" after a rash of global scandals tainted the word meat with consumers. Taco Bell's "Power Protein" menu is one of the first in the sector to highlight nutrition at the same time as it increases portions of chicken, beef, or steak. [View news story]
    In a few years they will change the labeling from protein to "soylent green"
    Jun 24 01:23 PM | Likes Like |Link to Comment
  • Market recap: Stocks powered up and closed near session highs after the monthly jobs report painted a Goldilocks picture of steady economic growth that's slow enough for the Fed to maintain its stimulus policies. Fund clients added to positions and hedge funds closed out some bearish bets, as some of the calm that had prevailed for much of the year was restored. The dollar nosed higher and Treasury prices fell in choppy trading. [View news story]
    Any guess to what the average % drop would be, to start triggering the stops ??
    Jun 7 05:21 PM | Likes Like |Link to Comment
  • European Union countries are shifting to biomass - the burning of wood pellets - instead of coal in order to meet stringent environmental goals, and much of the demand is likely to be met from the U.S. by companies such as Plum Creek (PCL), the country’s biggest private landowner and among the most effective tree-farming operations in the world. [View news story]
    The price increase of raw materials and the continued low price of nat gas is putting a lid on pellets. If nat gas exports take hold, pellets will go the way of the dinosaurs.
    May 29 12:59 PM | Likes Like |Link to Comment
  • While the movement against genetically modified foods seems to be strengthening - witness the weekend's global protests against Monsanto (MON) - food companies are struggling to replace GM ingredients with conventional ones. With Whole Foods (WFM) saying that all products in its stores will have to be labelled if they contain GM elements, even traditional users of conventional ingredients such as WhiteWave Foods (WWAV) unit Silk have been caught up in the red tape. [View news story]
    Doesn't human biotech do pretty much the same thing ??
    May 27 02:21 PM | 1 Like Like |Link to Comment
  • Coal (KOL) has been gaining on natural gas in U.S. power generation, but coal producers aren't enjoying the benefits, buffeted by headwinds including increased regulations. Simmons analysts say most coal names do not screen as cheap, and the firm sees near-term volatility as investors trade around macro events; its sector favorites are Cloud Peak Energy (CLD) and Walter Energy (WLT). [View news story]
    True, high met coal production. CNX is gaining as a nat gas producer. NG will only take share until price dictates a switch. A balance may be reached where its a win/win for CNX.
    May 23 02:11 PM | Likes Like |Link to Comment
  • Coal (KOL) has been gaining on natural gas in U.S. power generation, but coal producers aren't enjoying the benefits, buffeted by headwinds including increased regulations. Simmons analysts say most coal names do not screen as cheap, and the firm sees near-term volatility as investors trade around macro events; its sector favorites are Cloud Peak Energy (CLD) and Walter Energy (WLT). [View news story]
    CNX. Low cost production, exposure to export, exposure to Utica and Marcellus shale, developed methane sales, low exposure to strip mining and IMO, good mgnt. team.
    May 23 12:54 PM | Likes Like |Link to Comment
  • With their healthcare costs ballooning, many companies have started to penalize fat employees with regards to healthcare coverage, raising all sorts of legal, privacy and discrimination questions. Michelin North America, for example, plans to cut healthcare credits for staff who fail to meet requirement for waistline and other metrics, and don't sign up to health programs. Other companies making similar moves include Mohawk (MHK), CVS and Honeywell (HON). [View news story]
    Gay men account for the vast majority of AIDS cases. Shouldnt they also "pay" for their lifestyle ?
    Apr 7 05:52 PM | 1 Like Like |Link to Comment
  • EIA Natural Gas Inventory:  -95bcf. Futures -0.21% to $4.06. [View news story]
    The Southern Co burns considerabley more gas in the summer, they have quite a few, peak power gas fired turbines. For us in the South, it cost more to cool than heat.
    Mar 28 01:00 PM | Likes Like |Link to Comment
  • U.S. oil, natural gas and coal industries are bracing for the release of new standards that could derail, postpone or at least create new legal hurdles for some of the country's largest planned energy projects, including interstate pipelines, LNG export facilities and refineries. The new standards likely will advise companies to consider the effects a project would have on climate change, such as emissions from exports. [View news story]
    This is the main reason I stay heavily invested in the production of natural resources. The barrier to entry is constantly on the rise and makes exisisting infrastucture more valuable.
    Mar 27 08:04 PM | Likes Like |Link to Comment
  • YPF signs a preliminary shale agreement with Dow Chemical (DOW) towards a 50-50 JV for the development of the El Orejano block in Argentina's Neuquen province, one of the first areas to boast discoveries in the Vaca Muerta formation. YPF already partners with Dow in downstream ventures including Argentina's Bahia Blanca petrochemical complex. [View news story]
    A lobbyist got to do what a lobbyist is paid to do !!
    Mar 26 10:16 PM | Likes Like |Link to Comment
  • An increasing push to substitute natural gas for oil and improvements in fuel economy could lead to the end of growing oil demand much sooner than expected, Citi's Seth Kleinman forecasts. The last decade's structural bull market was a result of surging global oil demand and weak non-OPEC supply growth; the outlook has now reversed, meaning Brent prices are likely to hover at $80-$90/bbl by decade's end. [View news story]
    No different than the coal vs nat gas scenario. Regardless of the %s
    used, supply of one, will shrink with lower prices until it becomes more profitable to substitute with another. The more one resource is used, the higher the price. We cant rely soley on one. Should be a predictable cycle.
    Mar 26 06:37 PM | 3 Likes Like |Link to Comment
  • Cyprus passes two of the measures necessary to secure a €10B bailout. Notably, the Cypriot parliament has approved the use of capital controls, which may limit the amount depositors can withdraw once banks reopen. The measure may also restrict fund transfers, limit debit card transactions, and ban redemptions of time deposits, among other possibilities according to The Guardian[View news story]
    Regardless of the outcome, my confidence in the saftey of my
    deposits will never be the same.
    Mar 22 05:28 PM | 1 Like Like |Link to Comment
  • Cliffs Natural Resources (CLF -4.3%) plunges near four-year lows, capping a 40% YTD decline. Cowen analysts see CLF's move to idle its Wabush Pointe Noire pellet plant as prudent but accompanying cost guidance seemed "aggressive." Given recent action in Chinese steel prices, the firm sees further downside risk to iron ore prices which could add increased pressure to CLF shares. [View news story]
    Prime target for the Chinese ??
    Mar 13 01:34 PM | 1 Like Like |Link to Comment
COMMENTS STATS
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