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SanDiegoNonSurfer

SanDiegoNonSurfer
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  • With Regard To Consumer Sentiment, It Depends On Who You Ask [View article]
    "jobs that pay a living wage for a family of 4"

    Like the Cleaver family you mean?

    Welcome to life after the 1950s and supply-side economics. Ever since the 80's (Reagan era), it's been the norm that families require two wage earners to maintain a reasonable standard of living.
    Aug 2, 2015. 09:52 PM | Likes Like |Link to Comment
  • With Regard To Consumer Sentiment, It Depends On Who You Ask [View article]
    Much has been made of the July CCI reading, but 90 is still quite a high level. If you look at trend for the public version of this survey, it's been steeply upward since 2012. Leveling off now and twitching, but still high.
    Aug 1, 2015. 02:39 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Bailout Talks Around The World [View article]
    Maybe time to start looking for an alternative to SA? At least for the discussion aspect.
    Jul 31, 2015. 06:39 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Bailout Talks Around The World [View article]
    I think there's been a change in how comments are handled. They used to be reviewed, but lately it is apparently the case that any complaint is an automatic removal. We recently tested this in the comment section of an article on Ford, putting in ridiculous "reasons" for comments from various users (in that section) to be removed -- comments that were actually completely benign. All were deleted. Possibly SA just doesn't have time to review since Eli was promoted...?

    This change seems unfortunate since it means there will now be a lot of "ganging up" on anyone who dares articulate an unpopular viewpoint.
    Jul 31, 2015. 06:19 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Bailout Talks Around The World [View article]
    "I thought the Greek bailout was a done deal and everyone agreed to it"

    Nope. IMF said right at the start that they can't participate because the debt is unsustainable. They said that unless EMU nations agree to forgive some of Greece's debt, they won't participate. Their rules won't allow it. Actually their own rules didn't allow them to participate in the previous "bailout" either, but that's in the past.
    Jul 31, 2015. 02:25 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Bailout Talks Around The World [View article]
    "General Electric is taking steps to shift some U.S. manufacturing work overseas now that the U.S. Export-Import Bank will be shuttered at least until September"

    Thanks, Republicans.
    Jul 31, 2015. 02:21 PM | 2 Likes Like |Link to Comment
  • Vantage Drilling - New Development In Petrobras Corruption Case [View article]
    Don't think there's smoke for Ensco. At worst, they acquired a company that may have failed to disclose. Even if that turns out to be the case, what would be the basis for liability?
    Jul 31, 2015. 02:16 PM | Likes Like |Link to Comment
  • Vantage Drilling - New Development In Petrobras Corruption Case [View article]
    Ensco CEO Trowell mentioned in their latest CC that they're conducting an internal audit on this, which is not completed. They did, however, conclude that the lease itself was at market terms, which lowers the chance of wrongdoing. Trowell also mentioned the Brazilian authorities have not contacted them at all on this. I've never thought Ensco itself was at risk, but am nevertheless glad to see them getting out in front of it.
    Jul 31, 2015. 12:29 PM | Likes Like |Link to Comment
  • Weighing The Week Ahead: What Is The Message Of The Market? [View article]
    "I was trying to convey that kids are making choices...because of numerous real economic factors,"

    I know what you were *trying* to do. But you weren't succeeding. Your own link contradicts your claims. Now you're basing your claims on mind reading.

    "wealthy folks often make frugal choices [which] may say something about how they became wealthy in the first place"

    Obviously. Do you really not see the extent to which you're contradicting yourself here?
    Jul 30, 2015. 04:18 PM | Likes Like |Link to Comment
  • Weighing The Week Ahead: What Is The Message Of The Market? [View article]
    "Life choices reveal real wealth"

    Well, that's a very shallow perspective. In my world, life choices reflect life choices. And statistics tend to bear that out. The more a nation or group can afford children, for example, the less likely they are to have children. Wealthy people who can best afford to tip are usually the worst tippers. And they (proverbially) buy mufflers at Midas.
    Jul 30, 2015. 12:15 PM | Likes Like |Link to Comment
  • Ensco beats by $0.13, beats on revenue [View news story]
    I suspect it's because of how much of their top line is from discontinued operations. They hedged well by locking in high cancellation penalties, but I could imagine it's disconcerting to see more than half the revenue from discontinued operations. And the press release is very up-front and clear about that.
    Jul 30, 2015. 12:05 PM | Likes Like |Link to Comment
  • Weighing The Week Ahead: What Is The Message Of The Market? [View article]
    Your link also says that unemployment is down and wage levels have gone up for millenials. So, yes, it appears they're getting wealthier...at least according to the article you linked.
    Jul 30, 2015. 11:55 AM | Likes Like |Link to Comment
  • WSJ: Saudi Arabia to pull back crude production after summer [View news story]
    "How credible"

    I'm not a fan of the WSJ these days, but have to give credit where it's due. They seem to be good at ferreting out accurate sources. I'll consider it credible unless proven otherwise. Less certain is what it means.
    Jul 29, 2015. 10:13 PM | Likes Like |Link to Comment
  • Ensco beats by $0.13, beats on revenue [View news story]
    Helped by having bit the bullet early. They started transitioning their fleet towards more premium jackups in spring of 2014 and cold-stacked promptly. Trowell's a good skipper.
    Jul 29, 2015. 10:07 PM | 3 Likes Like |Link to Comment
  • 4 Reasons 'AGreekment' Will Fail Greece And The Euro, Plus What It Means For U.S. Investors [View article]
    Excellent post, ocartaya. Agree with all of it. There was an interesting opinion piece today in MarketWatch, suggesting that with what's been happening with Greece, all EMU nations are going to start drawing up a Plan B...in case. Making the EMU that much more fragile.

    I really like the way you put this:
    Despite the existing corruption and the very rich Greek, we can assume the bulk of the population is neither corrupted nor rich. These people have been put through the wringer with more to come.

    I've tried to communicate that in the past, but you put it much better than I've done. From now on, I'll just point to your post.
    Jul 29, 2015. 11:16 AM | Likes Like |Link to Comment
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