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yv204

yv204
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  • Report: Petrobras aims to release audited Q3 results by end of March [View news story]
    It's already nationalized in every that counts. Petrobras doesn't operate like a private company in a regular sense of the word.
    Feb 11, 2015. 04:05 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Greek Stocks Plunge Following Presidential Vote [View article]
    I am always fascinated by how many ethnic groups a slur like " the crooked nose type" can describe... Where some of my ancestors hail from, Germany, it was the Jews.
    Dec 30, 2014. 02:39 PM | Likes Like |Link to Comment
  • Ditching The 401(k) [View article]
    You're right, we were saying the same thing in different ways. I always looked at it as the company matching whatever I put into the account up to a certain percentage of my contribution. But of course, that would be an equal contribution % on their side too. Sorry about the confusion.
    Dec 29, 2014. 05:04 PM | 1 Like Like |Link to Comment
  • Ditching The 401(k) [View article]
    It would be pretty nice to be able to invest into anything at all. Just curious, does Canada have a mortgage interest deduction?
    Dec 29, 2014. 04:35 PM | 1 Like Like |Link to Comment
  • Ditching The 401(k) [View article]
    "The government" does not benefit from this situation at all. The market return (that average 8% for the S&P) includes an implied inflation rate. Unlike locking retirement savings in a safe deposit box, by investing into a market index, you are getting your return in today's dollars every year, so inflation is not a concern.
    Dec 29, 2014. 04:30 PM | 1 Like Like |Link to Comment
  • Ditching The 401(k) [View article]
    Ha, I admit I've only worked for financial companies, but every single one of them matched the amount deposited into the 401k account, not the paycheck. Possibly other industries work differently.
    Dec 29, 2014. 04:22 PM | 2 Likes Like |Link to Comment
  • Ditching The 401(k) [View article]
    With most companies, middle management participates in 401k as much (and more) as everybody else. At that level, it's been my experience that somebody will usually care about fee-laden options and change the choices to be more acceptable. I, by the way, also don't see how a vested match option is a "catch." The organization for which I work now has both a 401k and an actual pension plan that doesn't vest until at least 10 years in the plan and the real benefits don't start accumulating until past 20 years of service. After 5 years, I can take my contributions with me if I leave (forfeited otherwise). I suppose you would also call this a catch?
    Dec 29, 2014. 04:19 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Greek Stocks Plunge Following Presidential Vote [View article]
    Lol, I've lived in New York all my life and the city has never felt safer - check out real estate prices in Harlem and upper Manhattan. The Bronx is slowly moving that way too and not just in Fieldston and Riverdale.
    Dec 29, 2014. 02:17 PM | 1 Like Like |Link to Comment
  • Go Where It Is Darkest: When Company, Country, Currency And Commodity Risk Collide! [View article]
    Thanks for this! And because I am never likely to mention it in person, the hugest thank you for the classes I took while in school. Ten years running and I still use the material almost every day, now on a subconscious level. Your two classes were the best part of my Stern degree. :-)
    Nov 21, 2014. 02:52 PM | 1 Like Like |Link to Comment
  • Fairlight Capital Pushes Back Against WSJ Valuation On Fannie Mae [View article]
    Carney makes an intelligent point that isn't blindsided by either side of the argument - agreeing or disagreeing is one's choice. More importantly, WSJ reporters sometimes play mouthpieces for government figures who are unwilling to go on record, but do want to express a majority opinion. Even if I didn't believe Carney to be a smart and experienced reporter, I would never disregard a Journal piece that makes such a clear and public point.

    Also don't forget that for the major hedge fund figures, the gamble on Fannie/Freddie is one of many and they don't necessarily have to be right - look at the Herbalife foolishness as one example.
    Nov 19, 2014. 10:56 AM | 1 Like Like |Link to Comment
  • Russia bans food imports in response to Western sanctions [View news story]
    Oh gosh, I guess you just got brainwashed by the local Russian media and are deeply misguided. Or implausibly naive - take your pick. The point stands, however, the use of the word solidarity (especially grouped with"patriotism") has distinct Soviet undertones, is common as rain in Russia, and is virtually unknown outside of it.
    Aug 7, 2014. 01:04 PM | 1 Like Like |Link to Comment
  • Russia bans food imports in response to Western sanctions [View news story]
    Oh, of course, Russia not importing smoked salmon from Norway is going to ruin the global economy. Please. In other news, using words like solidarity, especially in combination with "patriotism," shows pretty clearly where your own convictions lie.
    Aug 7, 2014. 11:41 AM | 2 Likes Like |Link to Comment
  • Goldman leads Wall Street to open-source Bloomberg alternative [View news story]
    For that, you'd have to learn to spell first!
    Aug 5, 2014. 03:00 PM | Likes Like |Link to Comment
  • Goldman leads Wall Street to open-source Bloomberg alternative [View news story]
    For a company the size of GS, it is indeed pocket change even if the real count of Bloomberg accounts in NYC is probably more like 2,000. A fixed income trading desk of five people is easily expected to bring in more than $500 mil in profits every year.

    Whatever open source terminal the company decides to install, the system by definition would have to be able to interface with Bloomberg messaging, incorporate all of its major features, use similar shortcuts, and look more or less the same as a Bloomberg system. I could believe that Goldman is making this switch for legal reasons - access rights to the system, controlling how long messages stay stored, owning the storage servers, etc. Having seen first hand what trading desks spend money on for a slimmest potential edge, this is not about trading costs.
    Aug 4, 2014. 11:40 AM | 1 Like Like |Link to Comment
  • US PMI Manufacturing declines after all-time high in June [View news story]
    To add to the previous comment, what's important for PMI is that it's a qualitative sentiment indicator and is heavily influenced by the world events, media coverage of the industry, etc. So, any negative news have the potential to drive down the numbers.
    Jul 24, 2014. 01:08 PM | Likes Like |Link to Comment
COMMENTS STATS
175 Comments
162 Likes