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  • The "widespread impression" is that "Texas is corrupt, callous, racist, theocratic, stupid, belligerent, and most of all, dangerous," writes Erica Greider in a new book. Greider sets out to counter this perception and explain why America should learn from the Lone Star State. The economy is thriving, helped by weak government, strict lending laws, Nafta, mass immigration and generous business incentives, not to mention lots of oil.  [View news story]
    These are my gut reaction to the topic too but I dared not post these because I cannot support the claim that a certain president made such a difference.
    Apr 7, 2013. 03:27 PM | Likes Like |Link to Comment
  • 3 China Stocks For 2013  [View article]
    Any update on YONG? Just curious.
    Mar 25, 2013. 04:36 PM | Likes Like |Link to Comment
  • Should Cyprus impose a levy of 20% on more on bank deposits, Russia could hit EU businesses could be hit with reprisals, as Russian citizens hold an estimated €30B on the island. "There are a number of large German companies operating in Russia," says former Kremlin adviser Alexander Nekrassov. "You could possibly look at freezing assets or taxing assets." However, Nekrassov doesn't think Russia will cut off gas supplies, as it did with Ukraine in 2009.  [View news story]
    Unbelievable. If the banks failed, wouldn't the Russian lose more?
    Mar 24, 2013. 08:43 AM | 2 Likes Like |Link to Comment
  • Congress is increasing its efforts to force the Postal Service to maintain Saturday deliveries, with the Senate considering a provision about the issue in a budget resolution after the House passed similar legislation last week. There are also dark mutterings that the decision, which would save $2B a year, would make it more difficult for Congress to make other changes the Postal Service wants.  [View news story]
    Wow, how critical is Saturday delivery? Congress, it seems to me, should focus the attention to something more important than debate on this trivial issue (while saving 2B).
    Mar 15, 2013. 08:36 AM | 1 Like Like |Link to Comment
  • A Plea To Amazon Bears, Apple Bulls, And Others  [View article]
    Thank you for the quick write-up. You could be a bull (or a bear) about a market and you may be proven right eventually but you could still lose a lot of money, unfortunately. Hopefully I could get the hang of it one day....

    Markets can remain irrational longer than you can remain solvent..
    Jan 27, 2013. 01:40 PM | 1 Like Like |Link to Comment
  • The Apple Blow Up  [View article]
    Wish I had read this yesterday. I rarely played in the single stock space and took a shot without doing enough research. Shame on me. I deserve to lose some money to learn a couple lessons.

    AAPL is still going to be a very profitable company for quite some time with a very loyal customer base (when my sister switched over a year ago, I was totally surprised, I should have bought it then; my 86 year old mother-in-law and my 84 year old mother each uses an ipad; out of my family of 25 users, I count 3 android users, one android/RIM user, the rest are all apple users).

    The question is what is a fair market price for this stock? I may never directly own this stock but QQQ is my core holding so I am interested in finding out.
    Jan 24, 2013. 06:02 PM | Likes Like |Link to Comment
  • Investors have complained for years that the real cost to produce gold is far higher than the "cash costs” reported by gold companies, but Goldcorp (GG) is doing something about it, beginning to report what it calls “all-in" cash costs. For 2013, GG expects by-product cash costs of $525-$575/oz., but on an all-in basis, it anticipates costs of $1,000-$1,100/oz.  [View news story]
    "Goldcorp anticipates all-in costs of at least US$1,000 an ounce despite being a low-cost producer. If high-cost producers used the all-in measure, some of them would be struggling to report any sort of positive margin at the current gold price of US$1,659."

    I assume this explains the recent weakness of GDX compared to physical gold?
    Jan 9, 2013. 03:11 PM | Likes Like |Link to Comment
  • AIG's (AIG) advertising tagline at the moment may be "Thank you America," but it's board will today consider joining a $25B lawsuit that's being led by former CEO and major investor Maurice Greenberg against the government. The suit argues that the heavy demands of AIG's rescue, such as the government taking a 92% stake and the high interest rate rates levied, deprived shareholders of tens of billions of dollars and violated the Fifth Amendment.  [View news story]
    In my opinion, Treasury (or is it New York Fed) did mishandle AIG's CDS liquidation. In stead of paying out billions and billions of dollar to liquidate the position at full market value, Uncle Sam could negotiate a better deal with the other investment banks; or better yet, offer a guarantee or post collateral for AIG.

    But AIG (or AIGFP) got themselves into this mess. I find it disgusting that they file a lawsuit.
    Jan 8, 2013. 06:58 AM | 3 Likes Like |Link to Comment