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  • Disney moves theme park prices higher [View news story]
    90 good reasons (plus parking) to just stay away =)
    Feb 24 01:56 PM | Likes Like |Link to Comment
  • Tesla to receive tax break from California [View news story]
    When may I then expect a 6 figure job offer from them to arrive?

    Dec 18 02:34 PM | Likes Like |Link to Comment
  • A new White House report warns that massive across-the-board spending cuts at the start of the new year would be "deeply destructive" to core government responsibilities and especially the military. But Pres. Obama's own defense budget calls for big cuts, and Bob Woodward's new book suggests the Administration instigated the idea of sequestration to gain political ground[View news story]
    Terry who?
    Sep 15 04:15 PM | 1 Like Like |Link to Comment
  • The Greek finance ministry sets up a "working group" to scour the archives and figure out how much Germany might owe in reparations for Nazi war crimes. "Greece has never resigned its rights," says Deputy finmin Christos Staikouras. A report is expected by year's end. This should help thaw relations between the two countries. [View news story]
    Tell you what Greece, you come up with your figure and we'll have a special Panzer division deliver your payment, in drachmas, to you personally.
    Sep 11 10:21 AM | 2 Likes Like |Link to Comment
  • Hedgeye thinks McDonald's (MCD +0.4%) needs to simplify its menu instead of broadly expanding it. Though global marco issues are certainly in play, the company also faces domestic competition from hamburger upstarts such as Five Guys and Shake Shack that it needs to watch. [View news story]
    In agreement 100% with menu simplification. Wife and I went in over the weekend and my feeling is they are just trying to be too many things to too many people. I have no idea on the stats but I'd bet a Quarter Pounder Super Size Meal Combol that most of those coming through the door really just want a cheap burger, some fries and a drink.
    Sep 10 02:31 PM | Likes Like |Link to Comment
  • The economy should hit its stride late into next year, says Moody's Analytic's Mark Zandi. He's forecasting 4% growth into 2014, citing continued strength in U.S. corporations due to cost cuts and better profit margins. All we need to do is "nail down those fiscal issues," Zandi says. “By 2014-15, the surprise is going to be how strong the economy is growing.” [View news story]
    If we could legalize whatever it is Zandi is inhaling...
    Aug 29 09:27 PM | 4 Likes Like |Link to Comment
  • Illustrating Inflation Vs. Dividend Growth [View article]
    Spice Mind -
    While I agree with the need to outpace inflation, it's also important to use an accurate gauge of inflation. It appears you've chosen the "official" (government sanitized) version over a more realistic set of numbers as provided by John Williams at Shadow Stats. Why?
    Aug 20 04:54 PM | Likes Like |Link to Comment
  • As Facebook (FB -4%) continues diving (previous), Dan Primack points out tax considerations could be driving insiders to sell at (relatively) depressed levels. The capital gains tax rate is set to increase to 20% from 15% on Jan. 1, giving businesses and high-net-worth individuals (but not tax-exempt non-profits) an incentive to sell ahead of time. Primack previously reported VC firms Greylock Partners and Meritech Capital had joined Accel Partners in distributing Facebook shares to limited partners. [View news story]
    Or it's no more complicated than rats fleeing a sinking ship...the SS Faceplant in this case.
    Aug 17 02:54 PM | 3 Likes Like |Link to Comment
  • Mario Monti blinks, denying - through a spokesman - a report he threatened to resign as Italian PM if Merkel doesn't give in on eurobonds. From the original Il Giornale report: "If the Chancellor does not give up, I will tell you that I resign because if things do not change (we won't be) able to bring Italy out of the abyss."  [View news story]
    The Italian version of Blazing Saddles....
    Jun 26 12:41 PM | 1 Like Like |Link to Comment
  • Spain will ask for an EU bailout, but not until private-sector audits of its banks (expected by June 21) give a better idea of the amount of capital necessary, according to several sources with knowledge of the just-completed conference call. IMF number-crunchers say the amount will be between €40-80B. El Mundo reports the rescue will come without conditions.  [View news story]
    I find that comment highly insulting to 6 year olds and wrecked trains =)
    Jun 9 03:15 PM | 2 Likes Like |Link to Comment
  • U.S. job growth is coming entirely from workers getting part-time jobs. The number of Americans working full-time fell by 266K in May, erasing all the gains of the past three months; total employment rose only because 618K more people got part-time jobs. People classified as “part time for economic reasons" - i.e., they can’t find a full-time job - jumped 245K to 8.1M.  [View news story]
    More hope and phucking change! Maybe it's just me, but I really don't think the Kenyan Theory of Economics is working!
    Jun 1 11:11 AM | 2 Likes Like |Link to Comment
  • Today's selloff in Facebook (FB -9.8%) is happening even though CLSA's James Lee is starting coverage with a Buy and $40 PT. Lee notes Facebook's ad click rates, a major concern for many, are much higher when an ad targets a "fan" of a product or service, and expects this trend and others to drive online ad share gains at Google's (GOOG) expense. On the flip side, Paul R. La Monica's talks with money managers find little interest in buying Facebook shares, mostly due to valuation concerns.  [View news story]
    Strong support showing at zero...
    May 29 02:34 PM | 6 Likes Like |Link to Comment
  • The Fed must fight unemployment with more aggressive policies, even if they lead to higher inflation, Paul Krugman writes: "If the Fed refuses to take even the slightest risk on the inflation front, despite a disastrous performance on the employment front, it’s violating its own charter. And, beyond that... a rise in inflation to 3% or even 4%... would almost surely help the economy."  [View news story]
    Krugman is the only guy I know about who can do a self colonoscopy.
    Apr 7 08:39 PM | 4 Likes Like |Link to Comment
  • States with double-digit unemployment rates are now down to three, according to the latest BLS data. Nevada (12.3%), Rhode Island (11%) and California (10.9%) held the highest rates in the U.S. as of February; one year ago, Florida (now at 9.4%), Georgia (9.1%), Kentucky (8.7%), Michigan (8.8%), Oregon (8.8%) and South Carolina (9.1%) also were on the double-digit list.  [View news story]
    Just amazing what happens as people fall off the extended unemployment benefit cliff and are no longer counted as unemployed...I trust John Williams over at Shadow Stats far more than the toadies over at the Bureau of Lies and (Bull) Sh....
    Mar 30 03:02 PM | 1 Like Like |Link to Comment
  • Ben Bernanke trashes any idea of returning to the gold standard as "not practical for monetary reasons or policy reasons": there's "not enough gold" to sustain today's global economy, changes to the supply cause short-term price instability, the economy was far more volatile under the gold standard... and since the gold standard determines money supply, there's not much use for the Federal Reserve.  [View news story]
    and since the gold standard determines money supply, there's not much use for the Federal Reserve.

    That's pretty much the point Ben. Went right past you didn't it...

    As for the blather about there not being "enough" gold, that's a pricing question that the MARKET (remember that quaint notion?) will determine. Frankly, anyone who doesn't understand that, deserves all their worthless fiat.
    Mar 20 06:55 PM | 5 Likes Like |Link to Comment