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SanDiegoNonSurfer

SanDiegoNonSurfer
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  • TechRadar provides the first meaningful review of Microsoft Surface. Its comments are mostly positive, praising Surface's design, ergonomics, and keyboard covers, as well as the performance of apps on Windows RT (MSFT). However, commentary about its software is relatively light. TechRadar's verdict: "Surface doesn't feel like an iPad (AAPL) in your hands; it feels like a well-designed Windows tablet crammed with clever touches that make it practical."  (earlier)  [View news story]
    MS's own presentation is a better intro: http://bit.ly/MfG70A The version powered by Intel's ivy bridge processor is especially impressive. That amount of computing power in a tablet form factor is a real breakthrough. I also liked the way digital ink was integrated at the UI level. This isn't just a me-too device.
    Jun 23, 2012. 12:48 AM | 4 Likes Like |Link to Comment
  • With the continent nearly drained of eligible collateral the ECB cuts the ratings threshold for certain ABS, including those backed by commercial mortgages and auto and consumer finance loans. European shares and the euro are gaining altitude.  [View news story]
    GDP growth.
    Jun 22, 2012. 10:37 PM | Likes Like |Link to Comment
  • With the continent nearly drained of eligible collateral the ECB cuts the ratings threshold for certain ABS, including those backed by commercial mortgages and auto and consumer finance loans. European shares and the euro are gaining altitude.  [View news story]
    Europe needs growth and needs it soon. Nothing else matters.
    Jun 22, 2012. 10:25 AM | Likes Like |Link to Comment
  • The Intangible Costs Of ETF Ownership [View article]
    Low liquidity leads to mispriced assets.
    Jun 22, 2012. 09:00 AM | Likes Like |Link to Comment
  • Stocks sell off a bit more - the S&P 500 -0.8% - in reaction to the Fed (the original Twist announcement saw the DJIA drop 300). The Twist is not QE and the best that can be said for it may be slightly lower long-term rates, but the 10-year is already at 1.63%. The Chairman holds a press conference at 2:15 ET.  [View news story]
    Twist helps the housing and sector, which has been showing signs of stabilizing and even the beginnings of a recovery. Hang onto your stocks in the construction and mortgage finance sectors because Twist will help them through 2012 and even if it ends at that point, we'll continue to see benefits through at least June 2013.
    Jun 21, 2012. 08:31 AM | Likes Like |Link to Comment
  • Leaders from France, Germany, Italy and Spain will discuss on Friday using the €750B in the EU's two rescue funds to bail out the latter two countries by buying up their debt on the financial markets in an attempt to push down borrowing costs. If Germany agrees, it would mark a substantial shift in policy.  [View news story]
    What sovereign debt buying in the 1930's are you talking about anyhow?
    Jun 20, 2012. 09:28 AM | Likes Like |Link to Comment
  • Europe hits session lows, the Stoxx 50 -1% as Spanish government debt goes bidless, the 2-year note +46 bps to 5.46%, the 10-year +32 bps to 7.19%. Madrid and Milan equity indexes lead the decline, each down more than 2%. S&P futures -0.5%. Remember JPMorgan's call for a 2% gain in the S&P upon a New Democracy victory? Well, there's still a chance.  [View news story]
    Not sure what you mean by "try". Doesn't SIPRI only look at weapons purchases? That's just a fraction of total costs for national security -- as I'm sure you already knew. About the only example we have of a government being totally defunded (because it ceased to exist) is Somalia. Twenty years later, that still that hasn't worked out so great for Somalians....
    Jun 20, 2012. 08:34 AM | Likes Like |Link to Comment
  • Europe hits session lows, the Stoxx 50 -1% as Spanish government debt goes bidless, the 2-year note +46 bps to 5.46%, the 10-year +32 bps to 7.19%. Madrid and Milan equity indexes lead the decline, each down more than 2%. S&P futures -0.5%. Remember JPMorgan's call for a 2% gain in the S&P upon a New Democracy victory? Well, there's still a chance.  [View news story]
    Greece, Spain, and Italy are obligated to implement military policies while in the EU. I'm fairly sure these use more than 10% of the national budgets. Military and other elements of national security are usually the biggest national expense.
    Jun 19, 2012. 10:19 PM | Likes Like |Link to Comment
  • Forget about QE3, says Dick Bove. Unleashing the power of the American banking system will do more to stimulate the economy than throwing cash to the wind. Removing capital and liquidity requirements for banks would get lending rolling again and stimulate activity, Bove asserts. "Lowering interest rates to zero and printing more money are not effective options."  [View news story]
    Is this a joke? Did this guy sleep through the S&L crisis?
    Jun 19, 2012. 10:02 PM | 5 Likes Like |Link to Comment
  • Europe hits session lows, the Stoxx 50 -1% as Spanish government debt goes bidless, the 2-year note +46 bps to 5.46%, the 10-year +32 bps to 7.19%. Madrid and Milan equity indexes lead the decline, each down more than 2%. S&P futures -0.5%. Remember JPMorgan's call for a 2% gain in the S&P upon a New Democracy victory? Well, there's still a chance.  [View news story]
    The rest of us are talking about Spain. As you well know.
    Jun 19, 2012. 10:43 AM | Likes Like |Link to Comment
  • Europe hits session lows, the Stoxx 50 -1% as Spanish government debt goes bidless, the 2-year note +46 bps to 5.46%, the 10-year +32 bps to 7.19%. Madrid and Milan equity indexes lead the decline, each down more than 2%. S&P futures -0.5%. Remember JPMorgan's call for a 2% gain in the S&P upon a New Democracy victory? Well, there's still a chance.  [View news story]
    blueice, you're being disingenuous again. Here's the text I pointed out to you: "Spain had already passed an austerity budget in 2011 which included tax rises for the rich, a 28% increase in the tax on tobacco and 8% spending cuts." Now you can no longer claim that no one has ever linked austerity to tax increases.
    Jun 19, 2012. 10:17 AM | Likes Like |Link to Comment
  • The terms of Greece's bailout will be renegotiated, according to a senior EU official, as the worsening situation there makes the original agreement "an illusion." Anyone who believes differently "is delusional."  [View news story]
    Actually, tax collection has improved following several high profile crackdowns on tax evasion that got everyone's attention.
    Jun 19, 2012. 09:48 AM | 1 Like Like |Link to Comment
  • 2 Great Real Estate Plays (That Aren't REITs) [View article]
    "I'm pretty high on chemicals." :-)

    I did a comparison of homebuilders back in February and came up with SPF and MDC as the two best picks. MDC has a great dividend and has been paying it straight through the crash w/o interruption. May as well get paid to wait. SPF has been buying premium land while prices are depressed. They design and build exquisitely beautiful, high quality homes for middle to upper middle class families. There will always be a demand for quality.
    Jun 19, 2012. 09:40 AM | Likes Like |Link to Comment
  • Greek leaders to form group to renegotiate bailout austerity, reports Bberg. More to follow. (via)  [View news story]
    JasonC, the vast majority of that "bailout" money is going straight to various European banks, not to Greece. As Tsipras has been pointing out, that's actually a pretty good negotiating position.
    Jun 19, 2012. 09:20 AM | Likes Like |Link to Comment
  • Europe hits session lows, the Stoxx 50 -1% as Spanish government debt goes bidless, the 2-year note +46 bps to 5.46%, the 10-year +32 bps to 7.19%. Madrid and Milan equity indexes lead the decline, each down more than 2%. S&P futures -0.5%. Remember JPMorgan's call for a 2% gain in the S&P upon a New Democracy victory? Well, there's still a chance.  [View news story]
    "never have I seen the link between tax increases and the word austerity"

    In that case, you might want to try reading the news now and then. You could start with the BBC link I posted.
    Jun 19, 2012. 09:01 AM | Likes Like |Link to Comment
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