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eripsni

eripsni
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  • CNBC's All-America Economic Survey says Americans plan robust holiday spending increases this year despite recession-like attitudes about the economy. The survey shows the average American plans to spend $751 on gifts this year, a 22% gain over last year's expectations. But actual data of past years has rarely lined up with forecasts.  [View news story]
    What recession?
    Dec 8, 2011. 12:10 PM | Likes Like |Link to Comment
  • Fitch downgrades the Spanish banks following its downgrade of the country's credit on Friday. Banco Santander (STD -2%) from AA to AA- and BBVA (BBVA -2%) from A+ to AA- are among those taking the hit. Earlier, S&P downgraded the Spanish banking industry as a whole.  [View news story]
    Isn't A+ to AA- an upgrade?
    Oct 11, 2011. 03:56 PM | Likes Like |Link to Comment
  • Iceland returns to the international bond market, selling $1B in 5 year eurobonds priced to yield 4.99%. "No one dared dream (of this) so soon after the collapse," says a bank economist. Greek 5 year paper is priced to yield 19.75%. Spanish 5 years, 4.75%.  [View news story]
    We should all probably listen to the voice in our head more often...

    It's still a compelling story, even if it did happen awhile ago. 5% so soon after a collapse? Maybe defaulting isn't such a bad idea...
    Jun 23, 2011. 11:00 AM | Likes Like |Link to Comment
  • CSX -2.7% premarket after Sterne Agee cuts its rating to Neutral from Buy, citing recent share price gains and increased regulatory risk. The U.S. Surface Transportation Board is holding hearings on rail competition this week, and it "appears to be leaning toward experimental regulation (very slippery slope)... [not] constructive to rail returns on capital."  [View news story]
    Who is John Galt?
    Jun 23, 2011. 10:14 AM | Likes Like |Link to Comment
  • Iceland returns to the international bond market, selling $1B in 5 year eurobonds priced to yield 4.99%. "No one dared dream (of this) so soon after the collapse," says a bank economist. Greek 5 year paper is priced to yield 19.75%. Spanish 5 years, 4.75%.  [View news story]
    No kidding - not sure why this is news today.
    Jun 22, 2011. 04:42 PM | Likes Like |Link to Comment
  • Is Pandora Worth $2 Billion? [View article]
    I've converted to Grooveshark - and I'll probably convert again with the next new option.

    Here in lies the problem - little barrier to entry and an elastic customer base.
    Jun 15, 2011. 10:32 AM | 2 Likes Like |Link to Comment
  • Hershey (HSY) CEO David West is leaving for 'a position at another company.' The chocolate maker names COO John Bilbrey as an interim replacement.  [View news story]
    WSJ is reporting he's headed to Del Monte

    online.wsj.com/article...
    May 18, 2011. 09:41 AM | Likes Like |Link to Comment
  • Microsoft's (MSFT) $8.5B bid for Skype was more than double the $4B offered by 2nd place Google (GOOG), according to TechCrunch. It's possible the Google offer wasn't even serious, but just a gambit to get MS to pony up more. Rumors of Facebook interest were surely such a ploy.  [View news story]
    Facebook would have been an interesting suitor - could have really bolstered their "chat" feature to incorporate streaming video - but given a little time, I expect that will be on it's way - for a lot less than $8 billion.
    May 10, 2011. 03:18 PM | 2 Likes Like |Link to Comment
  • "I can't eat an iPad," may end up being the statement historians look back upon as signaling the Great Inflation of the 2010s, says Niall Ferguson. Likely measuring in double digits if 1970s calculations were still in use, inflation is here, and the online price of an iPad has nothing to do with it.  [View news story]
    But I thought it was "transitory"...
    May 2, 2011. 12:50 PM | 3 Likes Like |Link to Comment
  • Jan. Real Earnings: -0.1% for real average hourly earnings M/M, +0.2% Y/Y. Real avg. weekly earnings -0.3% M/M, +0.8% Y/Y. Avg. workweek -0.3%.  [View news story]
    Blame the weather!
    Feb 17, 2011. 09:14 AM | Likes Like |Link to Comment
  • The SEC steps up its probe into Freddie Mac's (FMCC.OB) disclosures to investors, and has notified at least one former official that the commission intends to file civil charges against him.  [View news story]
    Great, now he can go and hide some assets ahead of time...
    Feb 17, 2011. 09:12 AM | Likes Like |Link to Comment
  • Banks are demanding higher down payments from potential borrowers, a move that could arguably reduce delinquencies but which might also shrink the pool of eligible buyers.  [View news story]
    No kidding, you mean you're not immediately entitled to the Lexus and McMansion just like Mommy and Daddy have?
    Feb 17, 2011. 09:11 AM | Likes Like |Link to Comment
  • Banks are demanding higher down payments from potential borrowers, a move that could arguably reduce delinquencies but which might also shrink the pool of eligible buyers.  [View news story]
    You should see the look on my fellow 20-somethings faces when I tell them we put down 20% on our home that we bought last year. This concept is completely foreign to my age bracket.
    Feb 16, 2011. 09:13 AM | 5 Likes Like |Link to Comment
  • The S&P's rise to a Shiller P/E above 24 tells John Hussman that "valuations are richer today than at any point in history," except for just prior to the 1929 crash. Further upside is limited, he says; "with no transformative technologies driving the economy, little expansion in capital investment, and ongoing retrenchment in consumer balance sheets," there's little life left in this bull.  [View news story]
    blah blah blah "bull" - did he say bull? BUY! BUY! BUY!

    (sarcasm)
    Feb 14, 2011. 09:58 AM | 1 Like Like |Link to Comment
  • A good day for Toyota (TM +4.4%), as a 10-month NASA report on sudden acceleration finds “no electronic flaws... capable of producing the large throttle openings required to create dangerous high-speed, unintended acceleration incidents." The automaker had announced earlier that it expects to sell more cars than it had first forecast. (FQ3 report)  [View news story]
    NASA must have a lot of time on their hands, no?
    Feb 8, 2011. 02:49 PM | 1 Like Like |Link to Comment
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