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mattyw

mattyw
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  • Market recap: Leave it to the prospect for more Fed stimulus to give the stock market a final-hour boost, though stocks already were higher after positive fiscal cliff comments from Pres. Obama and House Speaker Boehner. Meanwhile, the Fed's Beige Book says the U.S. economy is moving at a measured pace. Gold dropped sharply; crude oil fell again. NYSE gainers led losers three to two. [View news story]
    Republicans seem to be caving and willing to increase revenues. Good news for stocks.
    Nov 28, 2012. 04:24 PM | Likes Like |Link to Comment
  • Apple (AAPL) wants Judge Koh to award another $707M in damages from Samsung (SSNLF.PK) on top of the $1.05B a San Jose jury awarded the company last month, as well as a permanent ban on 26 Samsung smartphones (it was previously looking for just 8) and 3 tablets come Dec. 6. Samsung wants a re-trial, alleging the time constraints of the California trial "prevented Samsung from presenting a full and fair case." Neither side will be giving its patent lawyers a break anytime soon. [View news story]
    They won because it was a US jury. In most of the world they would have lost. Let us see how they do in Asian courts. They might be ruined after those courts rule.
    Sep 23, 2012. 09:44 PM | 1 Like Like |Link to Comment
  • As corn prices explode in the face of the worst drought in over a half century, ethanol, once touted as the homegrown, eco-friendly replacement for foreign oil, is fast becoming the new product everyone loves to hate. The fact is however, we've come to rely on the corn-based fuel's high octane level as a boost to the sub-grade gasoline currently being churned out of our nation's refineries. The crisis leaves us with two tough choices: higher gas prices, or higher food prices.  [View news story]
    It's not eco-idiots, it's farm lobby groups.
    Jul 28, 2012. 02:46 PM | 2 Likes Like |Link to Comment
  • Although joblessness amongst the young has grabbed much attention, just as significant are the 3.5M+ middle-aged unemployed, 39% of whom have been without work for at least a year. The rate is unprecedented in modern U.S. history. "Even when you do return to work, it's a much worse job than before you were laid off," says Economist Sewin Chan. (See also)  [View news story]
    Perfect example of a failure of the free market, capitalist system.
    Jun 24, 2012. 02:06 PM | 4 Likes Like |Link to Comment
  • Robert Shiller backs a proposal from Cornell's Robert Hockett for local or federal governments to seize underwater mortgages, pay them off at fair value with money from new investors, and issue new loans with smaller balances to the homeowners, who would then be less likely to default.  [View news story]
    Look at all these capitalists on SA: "The free market is great, it solves everything." ENOUGH! The free market is not a perfect system, which the housing bubble proved. There is certainly room for an increase in government involvement, and I hope after Obama gets re-elected, he implements Shiller's plan. I think he will.
    Jun 24, 2012. 02:04 PM | Likes Like |Link to Comment
  • Despite the worrisome decline in the stock market over recent weeks to near-correction levels, the selling has lacked one key ingredient - panic. Although an orderly selloff is generally looked upon as a sign of a healthy market where investors are merely cashing in profits, without any signs of real capitulation the risk to the markets at present is just a continuing grind lower and lower.  [View news story]
    Truffelpig, haha, you're too funny with your inability to comprehend what's actually going on.
    Jun 5, 2012. 12:59 AM | Likes Like |Link to Comment
  • Despite the worrisome decline in the stock market over recent weeks to near-correction levels, the selling has lacked one key ingredient - panic. Although an orderly selloff is generally looked upon as a sign of a healthy market where investors are merely cashing in profits, without any signs of real capitulation the risk to the markets at present is just a continuing grind lower and lower.  [View news story]
    I agree Montana. Why don't we just hand over all aspects of the economy to Obama? One more big Lehman-style meltdown, and I truly believe that the economy will be handed over to him for central planning purposes, with little objections. The media will defend it by stating that 'it's better than the alternative.'
    Jun 4, 2012. 08:28 PM | 5 Likes Like |Link to Comment
  • The Natural Gas Dilemma [View article]
    I'd say we're two or three years until the hedges are reset at $2 prices, so expect a lot of bankruptcies starting 2014, at which time prices for producers will bottom.
    Jan 19, 2012. 05:00 PM | Likes Like |Link to Comment
  • The claim that conservative policies of new presidential candidate Gov. Rick Perry caused an economic miracle in Texas is a myth based on a fallacy, Paul Krugman writes. "A state offering cheap labor and... weak regulation can attract jobs from other states," but any logic applying those policies to the entire U.S. is impossible since "every state can’t lure jobs away from every other state."  [View news story]
    Another reason for Texas' good economy is the existence of defense companies located in the state, which have been helped by two wars. Probably not sustainable assuming those wars will soon be ending.
    Aug 15, 2011. 05:38 PM | Likes Like |Link to Comment
  • The claim that conservative policies of new presidential candidate Gov. Rick Perry caused an economic miracle in Texas is a myth based on a fallacy, Paul Krugman writes. "A state offering cheap labor and... weak regulation can attract jobs from other states," but any logic applying those policies to the entire U.S. is impossible since "every state can’t lure jobs away from every other state."  [View news story]
    Hahaha, love it.
    Aug 15, 2011. 05:35 PM | Likes Like |Link to Comment
  • With the BoE considering a 2nd round of QE, Dhaval Joshi of BCA Research argues the policy of creating money to lift asset prices and bank earnings is a perverse attempt at trickle-down economics that only exacerbates income inequality - maybe not the cause, but surely a factor in the recent rioting.  [View news story]
    Well said, very true.
    Aug 15, 2011. 07:07 AM | Likes Like |Link to Comment
  • With the BoE considering a 2nd round of QE, Dhaval Joshi of BCA Research argues the policy of creating money to lift asset prices and bank earnings is a perverse attempt at trickle-down economics that only exacerbates income inequality - maybe not the cause, but surely a factor in the recent rioting.  [View news story]
    By that logic, the government should not exist, if people know best. But of course, the recent meltdown taught us people don't know best and cannot be trusted to make decisions properly. Hence why Obama is introducing better regulation, to protect people from making poor choices for themselves.
    Aug 14, 2011. 07:39 PM | Likes Like |Link to Comment
  • Bernanke is bold, but Obama seems cold. With the new policy extending 0% federal funds rates until 2013, Bernanke has made it clear that this Fed will not sit idly by, Brian Edmonds writes. Now it's time for Pres. Obama to get radical, like Nixon, or at least tell Congress to get back to work and take real steps to rein in government spending and deficits.  [View news story]
    Interesting point. I guess we'll see in the near future what plays out.
    Aug 14, 2011. 03:47 PM | Likes Like |Link to Comment
  • Bernanke is bold, but Obama seems cold. With the new policy extending 0% federal funds rates until 2013, Bernanke has made it clear that this Fed will not sit idly by, Brian Edmonds writes. Now it's time for Pres. Obama to get radical, like Nixon, or at least tell Congress to get back to work and take real steps to rein in government spending and deficits.  [View news story]
    From what I've read 71% blame Republicans for the terrible debt ceiling outcome: www.cbsnews.com/8301-5...
    Aug 12, 2011. 09:18 PM | 1 Like Like |Link to Comment
  • Republicans pounce on the Atlanta Appeals court ruling against the President's healthcare law, saying it confirms their argument: "ObamaCare" must go.  [View news story]
    I wouldn't be surprised. But it would be the lsat nail in the coffin of our failed country.
    Aug 12, 2011. 09:15 PM | Likes Like |Link to Comment
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