Seeking Alpha

Joe Morgan

Joe Morgan
Send Message
View as an RSS Feed
View Joe Morgan's Comments BY TICKER:
Latest  |  Highest rated
  • Puerto Rico munis plummet 6.6% in October [View news story]
    Puerto Rico was "killed" after the phase out of the section 936 of the IRS code. In 1995 one year before the phase out, the economy had 220,000 manufacturing jobs, now in 2013 it has 70,000. Without growth PR can't service the debt, where is growth going to come from with a declining, and older population?

    So I would need to see a much bigger selloff to at least think about buying such bonds.
    Oct 14, 2013. 05:12 PM | Likes Like |Link to Comment
  • Puerto Rico munis plummet 6.6% in October [View news story]
    laterre, usage rates already were raised 50% in July. Retiree Benefits have been cut. Puerto Rico is in a very deep hole....
    Oct 14, 2013. 02:48 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Yep, nothing like pandering to gain votes.
    Mar 12, 2013. 06:20 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Paulson moving to Puerto Rico from New York. Others moving to Florida and Texas.

    I know of about 14 High net worth individuals that are moving from NY.

    New York and California need to be very careful now as tax rates are already high. There are consequences of demonizing successful people. Capital is precious.....
    Mar 11, 2013. 05:35 PM | 2 Likes Like |Link to Comment
  • The debate about whether or not raising taxes on the rich would increase government revenue, is "beside the point," writes John Carney on CNBC. The real reason to hike taxes is to fight inflation, but if and when it exists, the measure possibly wouldn't cure that problem either. "The proposals to raise taxes on the wealthy just don’t add up," Carney writes. [View news story]
    Most of the American workers are lazy, they want a huge salary without working for it.

    The BS of fair share is just that, BS!

    The Free market decides what pay CEOs should get, not a corrupt government which incites class warfare to gain votes.
    Aug 26, 2012. 10:49 AM | 2 Likes Like |Link to Comment
  • Buffett's been betting big on housing, and not just in ResCap loans. A few reasons to play along, according to Joe Light: 1) New-home inventory is at a five-decade low (heading to less than six months' supply); 2) Prices are making their move up, and may have momentum; 3) price-to-rent ratios are back to levels from a decade ago. He's seeing investors playing it with builders like KBH and LEN as well as shorter-lease REITs. (video, 3:20)  [View news story]
    Neil459.

    Republicans have always fixed the problems, case in point: 2000 Dot com bubble. Who created that? Democrats.

    Who pushed for deregulation of banks(Glass Act)? Democrat...

    Socialism is not the answer!
    Aug 6, 2012. 07:20 PM | Likes Like |Link to Comment
  • If you think Jamie Dimon (JPM) can't end up like Barclays' Bob Diamond, think again, says Jonathan Weil. The fact that JPMorgan only decided on Thursday to restate Q1 results shows that Dimon still hadn't grasped how internal controls are failing him and the company.  [View news story]
    Nice, let's throw another bone to the peasants...
    Jul 14, 2012. 04:50 PM | Likes Like |Link to Comment
  • June ADP Jobs Report: +176K vs. +136K prior (revised from 133K) and expectations of 95K.  [View news story]
     “The most brilliant propagandist technique will yield no success unless one fundamental principle is borne in mind constantly - it must confine itself to a few points and repeat them over and over”

    J. Goebbels.
    Jul 5, 2012. 12:38 PM | 2 Likes Like |Link to Comment
  • JPMorgan's (JPM) trading loss could reach $9B, say people briefed on the situation, with red ink piling up as JPM moves faster than expected to exit its money-losing positions. Jamie Dimon was way off when he warned in May that the initial $2B loss could double in coming quarters. JPM will disclose more details in its July 13 earnings report.  [View news story]
    Heheehe....the pitchfork crowd was thrown a bone.....
    Jun 28, 2012. 10:09 AM | 2 Likes Like |Link to Comment
  • Why New York Community Bancorp Is My Favorite Financial [View article]
    Josh, I don't like the payout ratio.
    Jun 4, 2012. 04:07 PM | Likes Like |Link to Comment
  • Initial Jobless Claims: 383K vs. 370K consensus (prior week revised to 373K from 370K). Continuing claims -36K to 3.24M.  [View news story]
    It is all Bush's fault!!
    May 31, 2012. 11:28 AM | Likes Like |Link to Comment
  • Bob Wenzel holds no punches in a speech this week to the NY Fed: "The noose is tightening on your organization, vast amounts of money printing are now required to keep your manipulated economy afloat. It will ultimately result in huge price inflation, or, if you stop printing, another massive economic crash will occur. There is no other way out."  [View news story]
    Doc, explaining to the peasants monetary policy, is futile and inane. They can't understand....
    Apr 29, 2012. 02:12 AM | 3 Likes Like |Link to Comment
  • Re: Europe. This isn't Jim Rickards' first rodeo. He lays out the coming sequence of events: "Spain yields spike, investors puke, Soros buys 'em at 7%, Fed eases, IMF bails out Spain via SDR debt, bonds rally, rinse, repeat."  [View news story]
    Well it could be a repeat of 2011, but in a lower scale....
    Apr 10, 2012. 06:40 PM | Likes Like |Link to Comment
  • In his annual letter to shareholders, Jamie Dimon says 2011 was a "year of challenges." Ongoing global economic uncertainty and various traumatic events have impeded financial recovery. In the face of these setbacks, frustration with — and hostility toward — the financial industry continues. "We acknowledge it and respect people’s right to express themselves," Dimon says. However, "we all have an interest in getting the economy and job creation growing again."  [View news story]
    While I don't support Dimon's actions, I have noted that SA is getting infected with the doomers, anti-social and lunatics from zerohedge. Doesn't bodes well for the site.
    Apr 5, 2012. 12:42 AM | 2 Likes Like |Link to Comment
  • The Spring Switch Of 2012, Or The Great Reallocation [View article]
    Michael, i remember your calls in 2011. Most were spot on.

    Congratulations.
    Apr 1, 2012. 07:24 AM | 1 Like Like |Link to Comment
COMMENTS STATS
1,500 Comments
5,185 Likes