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The Patriot

The Patriot
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  • A federal appeals court has invalidated President Obama's "recess" appointments to a labor board last year, ruling that they were both unconstitutional and "invalid from their inception." The case was seen as a test of the limits of the president's ability to make appointments during a Senate recess, and deals a blow to the White House's strategy to bypass Senate Republicans. [View news story]
    The question is, what will they do about it.
    Jan 25 06:16 PM | Likes Like |Link to Comment
  • Paul Krugman on the federal deficit: "The budget deficit isn’t our biggest problem, by a long shot. Furthermore, it’s a problem that is already, to a large degree, solved... The case for urgent action now to reduce spending decades in the future is far weaker than conventional rhetoric might lead you to suspect... So, no big problem in the medium term, no strong case for worrying now about long-run budget issues." [View news story]
    We all know how trustworthy govt projections are. With the world as complex as it is, black swans will always be with us. These 10-20 year
    projections are meaningless.

    http://bit.ly/VeNTMC
    Jan 19 05:41 PM | 2 Likes Like |Link to Comment
  • Paul Krugman on the federal deficit: "The budget deficit isn’t our biggest problem, by a long shot. Furthermore, it’s a problem that is already, to a large degree, solved... The case for urgent action now to reduce spending decades in the future is far weaker than conventional rhetoric might lead you to suspect... So, no big problem in the medium term, no strong case for worrying now about long-run budget issues." [View news story]
    http://bit.ly/T1fgg7

    Quite a divergence
    Jan 19 01:46 PM | Likes Like |Link to Comment
  • Paul Krugman on the federal deficit: "The budget deficit isn’t our biggest problem, by a long shot. Furthermore, it’s a problem that is already, to a large degree, solved... The case for urgent action now to reduce spending decades in the future is far weaker than conventional rhetoric might lead you to suspect... So, no big problem in the medium term, no strong case for worrying now about long-run budget issues." [View news story]
    1 trillion possible by 2020

    http://bit.ly/U9dE1H
    Jan 19 11:46 AM | Likes Like |Link to Comment
  • Paul Krugman on the federal deficit: "The budget deficit isn’t our biggest problem, by a long shot. Furthermore, it’s a problem that is already, to a large degree, solved... The case for urgent action now to reduce spending decades in the future is far weaker than conventional rhetoric might lead you to suspect... So, no big problem in the medium term, no strong case for worrying now about long-run budget issues." [View news story]
    Its the "theory" of debt vs the "reality" of debt. I dont think anyones knows what the outcome will be. The printing presses of the world will be running 24/7 - no doubt about that. If all the curriencies grow by trillions and trillions - what will be the effects on the world balance.
    If everyone does it, what will change. Is a 20 trillion dollar debt any worse than a 16 trillion dollar debt ?? Many say no - many say yes.
    High(increasing) debt levels go on for years,decades or it could collapse overnight.
    Jan 19 11:17 AM | Likes Like |Link to Comment
  • Jan. Philly Fed Business Outlook: -5.8 vs. +6.0 expected, +8.1 previous. [View news story]
    I thinks its more "they" dont have a clue
    Jan 17 12:31 PM | Likes Like |Link to Comment
  • Is Dow Chemical Worth The Risk? [View article]
    I also own some shares of CNX - coal. They struck a deal awhile back,
    where CNX is selling some cheap methane gas to DOW. A win/win
    Jan 16 06:32 PM | Likes Like |Link to Comment
  • Is Dow Chemical Worth The Risk? [View article]
    Good read, thanks

    If I remember right, DOW is one of the largest nat gas users in the county. Low gas prices are a HUGE savings.
    Jan 16 12:13 PM | 1 Like Like |Link to Comment
  • EIA Natural Gas Inventory: -201 bcf. Futures +1.30% to $3.15 [View news story]
    The best cure for low prices - are low prices. It will rebound.
    Jan 10 01:16 PM | Likes Like |Link to Comment
  • Flowers Foods (FLO) and Mexico's Grupo Bimbo are reportedly set to be the stalking horse bidders for Hostess Brands' bread ops, which the bankrupt company is likely to sell in at least two groups and which could fetch over $350M. Other possible suitors include Wal-Mart (WMT) and Kroger (KR). Wonder Bread, Nature's Pride, Home Pride, Merita and Butternut are among the brands on offer. [View news story]
    Cup of good hot coffee and a Suzy Q is mighty good !!
    Jan 6 10:33 AM | Likes Like |Link to Comment
  • U.S. vehicle sales - a five-year high for November, at 1.14M - are considered one of the encouraging spots of the economy, but appearances are deceiving. On a per capita basis, sales look downright depressed: at one vehicle sale for every 21 people, outside of the current slow economy, one would have to go back to the lowest point of the 1991 recession to find a similar rate. [View news story]
    Completely agree. I have 2004 Ford Explorer - 130,000 miles, and a 2004 Mercury Mountaineer - 90,000 miles. Both in good shape and will be at least 2 years before I consider replacing. But because of economics, mainly the high cost of living, the next vehicle will have a smaller price tag.
    Dec 4 08:50 PM | 2 Likes Like |Link to Comment
  • Marissa Mayer might finally be planning those huge job cuts many have called on her to carry out: sources tell Kara Swisher Yahoo (YHOO) will implement a new performance-measurement system with the goal of identifying the "bottom 20%" of workers, with the goal of lowering the compensation allocated to that group. Also, Yahoo has cancelled a policy of giving most workers the week between Christmas and New Year's off. Yahoo cut 2K jobs this year ahead of Mayer's arrival. [View news story]
    It makes the top 80% step a little livelier
    Nov 16 07:58 PM | Likes Like |Link to Comment
  • Fed stress tests on the banks will require lenders to show they can withstand a recession in which unemployment rises more than 400 bps, GDP declines 5%, equity prices fall more than 50% (along with the VIX jumping 70%), and residential and commercial property values fall more than 20%. It sounds harsh, but it's still not as bad as what happened from 2007-09. Capital plans are due on Jan. 7. [View news story]
    I knew you were going to say that : )
    Nov 15 05:17 PM | Likes Like |Link to Comment
  • It's tough to find any market pros to go on the record, says a fired-up Gary Kaminsky, but what they're telling clients is the election was bad news for stocks. The bull market from the 2009 lows was about stocks priced for Armageddon meeting massive central bank stimulus, he says, but that dynamic is played out, leaving the markets to deal with the reality of a weak economy and questionable leadership in D.C. [View news story]
    But arent those all about politics ??
    Nov 15 01:22 PM | 1 Like Like |Link to Comment
  • Market recap: Stocks rallied on investor relief over an end to election uncertainty, as the market typically has done on presidential election days. "Republican sectors" such as coal, HMOs and defense stocks performed well, fueled by rumors of Romney strength. Tracking the rally in stocks, crude oil spiked 3.6% to $88.71 and gold jumped 1.9% to $1,715. NYSE advancers led decliners nearly two to one. [View news story]
    Dont you think the odds of that happening somewhere, are around 100 % ??
    Nov 6 05:15 PM | Likes Like |Link to Comment
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