Why Didn't Europe Bail Out Spain's Banks Directly? [View article]
He was just being sarcastic. Not a good solution and any solutions that involves no big changes or pain is smoke and mirrors. If this kind of thing worked long term every person in debt could perform it in some fashion and some company would offer it.
More can kicking ! Same as the US is doing. The longer that it goes the worse it will ultimately be for all.
There are now over 100K Windows Phone (MSFT) apps available - that's up from barely 50K at the end of 2011, and less than 25K a year ago. About 2/3 of all apps are free. Though Windows Phone's app library is still much smaller than iOS and Android's, its growth shows the willingness of app developers to spread their bets, especially as WP gains a bit of momentum thanks to Nokia's (NOK) Lumia launches. (previous) [View news story]
"Fear isn't here," writes Brendan Conway of the VIX, which is up a "scant" 5% amidst a 2% sell-off in equities. Not only is the index not moving much (it rose 50% on August 8, for instance), but traders say volume today, while brisk, is not particularly strong. VXX +5.9%. [View news story]
If there is no fear then that is really a bad sign because from all accounts there is plenty that can go wrong at every turn.
"If you wrapped up all the $100 bills in circulation, it would form a cube about 74 feet per side ... in a hundred years, that money will have produced nothing. In a thousand years ... worthless," writes David Einhorn, taking aim at Warren Buffett's bear case on gold (after being the subject of an ugly attack by the Oracle's partner). [View news story]
He says that the value of gold is not correct (Too high) and that to bet on that future outcome is crazy (Munger). Einhorn and others are saying let time tell but money is not holding value. All assets can get blasted so risk is everywhere.
Staples and food may not be a bad bet. Bu ya product and look 6 mo's later. It is always significantly higher and the longer the timeframe, the bigger the difference.
Einhorn is right that the money was spent to paper over a malinvestment and is now worthless but needs to be covered at some point. The question is how (Inflation, rebasement, other....)
With a record of poor shareholder returns, why do the TBTF banks (JPM, C, BAC) even exist, writes Sheila Bair. Capital markets certainly wouldn't finance such "unstable behemoths" if it weren't for their de facto government backstop. Jamie Dimon can provide a better return to shareholders by recognizing his bank is worth more in smaller pieces. [View news story]
Isnt that the pot (Gov't) calling the Kettle (Banks) black in terms of managing risk and efficiency. How about smaller government ! That would help me more personally.
I have smaller banking options if I desire. Just leave them alone (In good times and bad) and let depositors know that is your intent. They will then get smarter and choose the most prudent options for their deposits.
Rising Competition Might Be Hurting Salesforce More Than You Know [View article]
Agree. That is what happened with our companies CRM evaluation. MS Dynamic was so much less expensive and very customizable. It also works well in an already MS environment.
Sales force is topped and caught between largwe competitors and very inexpensive options.
The language is couched in diplomat-speak, but the "clear aim" of Hollande, Monti, and Rajoy "is to wrest control of the EU's governing machinery from Germany," writes Ambrose Evans-Pritchard. Giles Merritt speaks of an "ugly mood" in the EU corridors of power. "(Merkel and the Germans) are beginning to understand how deeply unpopular they have become and how little time they have to act." [View news story]
The language is couched in diplomat-speak, but the "clear aim" of Hollande, Monti, and Rajoy "is to wrest control of the EU's governing machinery from Germany," writes Ambrose Evans-Pritchard. Giles Merritt speaks of an "ugly mood" in the EU corridors of power. "(Merkel and the Germans) are beginning to understand how deeply unpopular they have become and how little time they have to act." [View news story]
The language is couched in diplomat-speak, but the "clear aim" of Hollande, Monti, and Rajoy "is to wrest control of the EU's governing machinery from Germany," writes Ambrose Evans-Pritchard. Giles Merritt speaks of an "ugly mood" in the EU corridors of power. "(Merkel and the Germans) are beginning to understand how deeply unpopular they have become and how little time they have to act." [View news story]
Sure, and they should stop funding all of them right now ! That will teach those germans !
Another case orf the lender being demonized. At the very least shared blame should blanket both imprudent lender and careless borrower.
I can't believe anyone would lend in this environment, which long term may help us all (In the Loooooong term).
While Facebook underwhelms on its big day, Apple (AAPL +1.4%) is outperforming after a string of selloffs. Possibly helping is a bullish note from Morgan Stanley's Katy Huberty (previous), who predicts average U.S. household spending on Apple gear will go from $444 in 2011 to $635 in 2013, and reach $888 (!) in 2015, provided rumors (I, II, III) of an iTV pan out. Meanwhile, BMO says its talks with carriers suggest they want to cut iPhone subsidies, but that actually doing so could prove tough. [View news story]
Those are insane averages. so a typical APPLE household is spending 1K or more per year (To compensate for all of the non Apple spending households).
Eduardo Saverin Joins The Stateless Billionaires [View article]
He didn't break the law he just operated within the original law. Then when they realized that it wasn't the agreement that they wanted They propose changes. These kinds of knee jerk reactions always have consequences and this will as well. If I were as wealthy as these guys, and were not in this country, I would never set foot or invest here, and if needed would use a proxy.
He isn't the problem. Taxation is the problem. Look at the responses above. Many people support him and few the Gov't getting more money to squander (And yes I mean Squander). Even if he paid I have no confidence that I would benefit in any way.
While it’s shaping up to be another summer from hell on Wall Street this year, Schwab’s Liz Ann Sonders says this year’s summer correction may not be as bad: "A lot has changed in the past two years, much for the better... There's at least a little bit of decoupling underway, certainly between the U.S. and Europe, and that's likely to assist in keeping the correction from mirroring the ones in 2010 and 2011." [View news story]
Dont worry. We will just detach from the bad things and attach to the good ones.
Why Didn't Europe Bail Out Spain's Banks Directly? [View article]
More can kicking ! Same as the US is doing. The longer that it goes the worse it will ultimately be for all.
There are now over 100K Windows Phone (MSFT) apps available - that's up from barely 50K at the end of 2011, and less than 25K a year ago. About 2/3 of all apps are free. Though Windows Phone's app library is still much smaller than iOS and Android's, its growth shows the willingness of app developers to spread their bets, especially as WP gains a bit of momentum thanks to Nokia's (NOK) Lumia launches. (previous) [View news story]
"Fear isn't here," writes Brendan Conway of the VIX, which is up a "scant" 5% amidst a 2% sell-off in equities. Not only is the index not moving much (it rose 50% on August 8, for instance), but traders say volume today, while brisk, is not particularly strong. VXX +5.9%. [View news story]
"If you wrapped up all the $100 bills in circulation, it would form a cube about 74 feet per side ... in a hundred years, that money will have produced nothing. In a thousand years ... worthless," writes David Einhorn, taking aim at Warren Buffett's bear case on gold (after being the subject of an ugly attack by the Oracle's partner). [View news story]
Staples and food may not be a bad bet. Bu ya product and look 6 mo's later. It is always significantly higher and the longer the timeframe, the bigger the difference.
Einhorn is right that the money was spent to paper over a malinvestment and is now worthless but needs to be covered at some point. The question is how (Inflation, rebasement, other....)
With a record of poor shareholder returns, why do the TBTF banks (JPM, C, BAC) even exist, writes Sheila Bair. Capital markets certainly wouldn't finance such "unstable behemoths" if it weren't for their de facto government backstop. Jamie Dimon can provide a better return to shareholders by recognizing his bank is worth more in smaller pieces. [View news story]
I have smaller banking options if I desire. Just leave them alone (In good times and bad) and let depositors know that is your intent. They will then get smarter and choose the most prudent options for their deposits.
Rising Competition Might Be Hurting Salesforce More Than You Know [View article]
Sales force is topped and caught between largwe competitors and very inexpensive options.
Rising Competition Might Be Hurting Salesforce More Than You Know [View article]
The language is couched in diplomat-speak, but the "clear aim" of Hollande, Monti, and Rajoy "is to wrest control of the EU's governing machinery from Germany," writes Ambrose Evans-Pritchard. Giles Merritt speaks of an "ugly mood" in the EU corridors of power. "(Merkel and the Germans) are beginning to understand how deeply unpopular they have become and how little time they have to act." [View news story]
The language is couched in diplomat-speak, but the "clear aim" of Hollande, Monti, and Rajoy "is to wrest control of the EU's governing machinery from Germany," writes Ambrose Evans-Pritchard. Giles Merritt speaks of an "ugly mood" in the EU corridors of power. "(Merkel and the Germans) are beginning to understand how deeply unpopular they have become and how little time they have to act." [View news story]
The language is couched in diplomat-speak, but the "clear aim" of Hollande, Monti, and Rajoy "is to wrest control of the EU's governing machinery from Germany," writes Ambrose Evans-Pritchard. Giles Merritt speaks of an "ugly mood" in the EU corridors of power. "(Merkel and the Germans) are beginning to understand how deeply unpopular they have become and how little time they have to act." [View news story]
Another case orf the lender being demonized. At the very least shared blame should blanket both imprudent lender and careless borrower.
I can't believe anyone would lend in this environment, which long term may help us all (In the Loooooong term).
While Facebook underwhelms on its big day, Apple (AAPL +1.4%) is outperforming after a string of selloffs. Possibly helping is a bullish note from Morgan Stanley's Katy Huberty (previous), who predicts average U.S. household spending on Apple gear will go from $444 in 2011 to $635 in 2013, and reach $888 (!) in 2015, provided rumors (I, II, III) of an iTV pan out. Meanwhile, BMO says its talks with carriers suggest they want to cut iPhone subsidies, but that actually doing so could prove tough. [View news story]
I do not believe it.
Eduardo Saverin Joins The Stateless Billionaires [View article]
He isn't the problem. Taxation is the problem. Look at the responses above. Many people support him and few the Gov't getting more money to squander (And yes I mean Squander). Even if he paid I have no confidence that I would benefit in any way.
While it’s shaping up to be another summer from hell on Wall Street this year, Schwab’s Liz Ann Sonders says this year’s summer correction may not be as bad: "A lot has changed in the past two years, much for the better... There's at least a little bit of decoupling underway, certainly between the U.S. and Europe, and that's likely to assist in keeping the correction from mirroring the ones in 2010 and 2011." [View news story]
What a bunch of dreamer's and pollyanna's !
How Europe Can Force Greece To Exit The Euro [View article]
Jamie Dimon's Failure [View article]
Let the consumer be wary of who they give their money to and that will determine what risks instuitutions take.