The Paul Ryan budget plan is "ludicrous and cruel," Paul Krugman writes, and shouldn't be taken seriously. Ryan calls for spending on all items other than Social Security, Medicare and Medicaid to fall to 3.5% of GDP, less than the U.S. now spends on defense alone. "How could such a drastic shrinking of government take place without crippling essential public functions?" (previous) [View news story]
If Krugman thinks Ryan's plan shouldn't be taken seriously then I'm thinking it's a plan worth looking into. A classic nerd like Krugman gets invited to play with the beautiful people as long as he's their mouthpiece, the alternative for him resembles Junior High social failure.
Chesapeake Energy: Managing Its Way Into Analysts' Good Graces [View article]
The arrogance within the management of CHK makes it indifferent to risk. If you can't understand the footnotes in their reports move on to another investment candidate. I've owned this stock for a while and will let the bet ride.
Previous Corporate Hoarding Of Cash May Soon Become A Big Positive! [View article]
It's difficult because the world is non-linear.
1. Cut war spending and miscreants blow up our shit and our global businesses contract. So reduce the $5 trillion savings by a big X.
2. Tax cuts improved the cost benefit balance of a lot of business plans and set enterprise in motion. Results are jobs and taxes and less entitlement payouts offsetting the $5 trillion.
3. Probably a lot of waste there but some small X was returned through the multiplier effect and the taxes on the recipients.
Natural Gas Prices: America's Energy Jackpot [View article]
In the same exaggerated tone...
If you live in what I recall as rural America your neighbors have a dozen rusting vehicles dripping crankcase oil into the ground and their kids drive with boom boxes up over 100 dB. Your pure natural existence is in the rear view mirror and your 5 people per square mile paradise will be sacrificed to sustain unemployed voters in the 10,000 person per square mile urban areas.
Iraq's prime minister says Pres. Obama sent a letter backing his concerns over ExxonMobil's (XOM) oil deal with the Kurdistan region, and other sources say the administration is discouraging moves into the region. The PM's statement is issued as Chevron (CVX) confirms its purchase of 80% of two blocks in Kurdistan, a move sure to infuriate the central Iraqi government. [View news story]
Must disagree with Larry, the president isn't good at making speeches. Probably should have used the singular form, speech, since he just gives the same bleed the rich speech each time.
Four members of BP's staff apparently died in last week's terrorist attack on the In Amenas gas plant in Algeria, and Statoil (STO) confirms three deaths. BP says it will apply lessons learned to prevent future tragedies; some ought to involve security, as just 32 militants overran 100 guards to capture the plant. Otherwise, the oil majors are hardly shaken by the events in North Africa. [View news story]
The House will reconvene on Sunday in an attempt to strike a last-minute fiscal cliff deal, Congressmen have been told. Equities are bouncing on the news. S&P -0.8%. Dow -0.5%. NASDAQ -0.6%. Pres. Obama may have a new proposal for Republicans to weigh. [View news story]
Micro, they owned both houses of congress for two years and couldn't pass a budget. Could you keep your rabid politics off this site please.
Procter & Gamble: Recent Earnings Report Suggests Dividend Cuts Are All But Inevitable [View article]
May cut the buy backs but a dividend cut is so out of character that it would cause price action rivalling the flash crash. PG is like a bond that keeps up with inflation, I don't expect much more from it unless can can figure out how to sell in China and India.
Can AT&T Keep Paying Its Monster 6% Dividend? [View article]
$4 billion and counting, they intend to go shopping. There may be no easier way for the CEO to justify massive bonuses than by heroically merging in another company. Heads, they win, tails - you lose. Bonuses should be non-existent after this screw up.
The Correction Is Likely Over...It's Now Time to Chase Beta [View article]
Thank you Johnny Inca and others for recognizing the emptiness of Alan's article. Alan is quite right to avoid setting himself up for failure since he knows he can't begin to predict the future. I resent him setting up a situation where he can falsely take credit and slip blame for whatever happens in the future.
Reality Bites: Economy Begins To Shrink As Fed Goes Broke [View article]
Hail the gangnam style SPQR. That's Dennis Miller speak for the type of slick government that stays popular by sponsoring games in the coliseum for the masses.
Great set of comments undercutting your article. I would offer Jaime Dimon/JP Morgan Chase's recent blunder as evidence that even the best banks don't have a handle on risk and won't have a handle on it as long as there are tempting profits and bonuses in the casino.
The Paul Ryan budget plan is "ludicrous and cruel," Paul Krugman writes, and shouldn't be taken seriously. Ryan calls for spending on all items other than Social Security, Medicare and Medicaid to fall to 3.5% of GDP, less than the U.S. now spends on defense alone. "How could such a drastic shrinking of government take place without crippling essential public functions?" (previous) [View news story]
Chesapeake Energy: Managing Its Way Into Analysts' Good Graces [View article]
Previous Corporate Hoarding Of Cash May Soon Become A Big Positive! [View article]
1. Cut war spending and miscreants blow up our shit and our global businesses contract. So reduce the $5 trillion savings by a big X.
2. Tax cuts improved the cost benefit balance of a lot of business plans and set enterprise in motion. Results are jobs and taxes and less entitlement payouts offsetting the $5 trillion.
3. Probably a lot of waste there but some small X was returned through the multiplier effect and the taxes on the recipients.
Seems difficult to me.
Natural Gas Prices: America's Energy Jackpot [View article]
If you live in what I recall as rural America your neighbors have a dozen rusting vehicles dripping crankcase oil into the ground and their kids drive with boom boxes up over 100 dB. Your pure natural existence is in the rear view mirror and your 5 people per square mile paradise will be sacrificed to sustain unemployed voters in the 10,000 person per square mile urban areas.
Yup, we be doin' a trade off.
Iraq's prime minister says Pres. Obama sent a letter backing his concerns over ExxonMobil's (XOM) oil deal with the Kurdistan region, and other sources say the administration is discouraging moves into the region. The PM's statement is issued as Chevron (CVX) confirms its purchase of 80% of two blocks in Kurdistan, a move sure to infuriate the central Iraqi government. [View news story]
Four members of BP's staff apparently died in last week's terrorist attack on the In Amenas gas plant in Algeria, and Statoil (STO) confirms three deaths. BP says it will apply lessons learned to prevent future tragedies; some ought to involve security, as just 32 militants overran 100 guards to capture the plant. Otherwise, the oil majors are hardly shaken by the events in North Africa. [View news story]
The House will reconvene on Sunday in an attempt to strike a last-minute fiscal cliff deal, Congressmen have been told. Equities are bouncing on the news. S&P -0.8%. Dow -0.5%. NASDAQ -0.6%. Pres. Obama may have a new proposal for Republicans to weigh. [View news story]
Procter & Gamble: Recent Earnings Report Suggests Dividend Cuts Are All But Inevitable [View article]
4 Reasons To Sell Chesapeake And Cut Losses Now [View article]
Falling Oil Knife Means Stick A Fork In Chesapeake [View article]
Can AT&T Keep Paying Its Monster 6% Dividend? [View article]
The Correction Is Likely Over...It's Now Time to Chase Beta [View article]
Reality Bites: Economy Begins To Shrink As Fed Goes Broke [View article]
SPQR = the senate and people of Rome.
Chesapeake Continues To Correct Its Ways [View article]
What Euro Crisis? [View article]