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867046

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  • GM: Why Einhorn And Buffett Have Been (And Will Continue To Be) Wrong [View article]
    Since he owns a railroad, Buffet may have an additional source of economic intelligence.
    Jul 17 11:10 AM | Likes Like |Link to Comment
  • Goldman slashes its Q2 U.S. GDP growth forecast to 1.1% from a prior 1.3%. A 0.5% M/M drop in retail sales (worse than a consensus for a 0.2% gain) is the main reason for the revision, though the firm also makes note of mixed Empire manufacturing survey data.  [View news story]
    What is Mitt planning to do to get US GDP up to his target 4%?
    Jul 16 10:21 AM | Likes Like |Link to Comment
  • Boeing, Pratt & Whitney and Honeywell are among major companies using 3D printing to make parts for aerospace products and are exploring ways to widen the deployment of the technology. Another use could be for making car parts on spec. 3D printing is still limited, but companies that could benefit include 3D Systems (DDD).  [View news story]
    There are limits in material choices especially with the metals.
    Jul 15 10:37 AM | Likes Like |Link to Comment
  • Google's Eric Schmidt continues to hype the development of a self-driving car, this week taking up the case at the annual Allen & Co. media confab in Sun Valley. According to the exec, the innovation works splendidly as drivers equipped with a "Google Maps on steroids" - along with computer-linked cameras, radars, and lasers - see increased safety and fuel efficiency. Automakers quietly back the idea of manufacturing models, with Ford going on record as saying self-driving cars of some variety will be here within five years. Increasingly, the question on the tech is not why or if, but when? [View news story]
    Definitely impaired drivers of some sort should be the first adopters.

    You can imagine the following apps:

    1) DWI/DUI offenders being forced to drive something 100% computer controlled.

    2) Insurance companies forcing reckless drivers to use these vehicles if they want to be insured.

    3) First 1 or 2 years of being on the road for teenagers.

    4) Senior drivers.

    5) You can imagine special freeway lanes being reserved because more cars could be packed per unit length while under computer control.

    6) The interesting thing would be if the car cameras could be accessed to hunt for scence changes indicating crime or the license plates of people on the lam.

    Naturally in return for some cheap technology license, GOOG will own or have access to where the car stops for marketing and data mining purposes.
    Jul 14 11:59 AM | 3 Likes Like |Link to Comment
  • U.S. Stock Market Complacency On Verge Of Collapse [View article]

    The IMF can't be too far off. The Economist has their world GDP index of 52 country's showing +2.9% already in the first quarter of '12.

    The problem with a world downturn is a fundamental thesis that I have at the macro level: we are somewhere in the once in a lifetime buildout of the world middle class. New, imperfect economies are continuing to come on line and they want to buy stuff.
    Jul 8 04:50 PM | 2 Likes Like |Link to Comment
  • U.S. Stock Market Complacency On Verge Of Collapse [View article]
    I'm sorry, but some of the above comments have the appearance of parochial nebbishness.

    The latest IMF forecast (April 2012) for the WORLD is:

    "World output projected to grow 3.5 percent in 2012, recovering to 4.1 percent next year."
    Jul 8 12:01 PM | 2 Likes Like |Link to Comment
  • Amarin Is A Hold [View article]
    A minor point in favor of AMRN that is rarely brought up but hinted at by the author:

    Fish oil (from Wikipedia):

    "Fish oil is oil derived from the tissues of oily fish. Fish oils contain the omega-3 fatty acids eicosapentaenoic acid (EPA), and docosahexaenoic acid (DHA), precursors of certain eicosanoids that are known to reduce inflammation throughout the body,[1][2] and have other health benefits.

    Fish do not actually produce omega-3 fatty acids, but instead accumulate them by consuming either microalgae or prey fish that have accumulated omega-3 fatty acids, together with a high quantity of antioxidants as iodide and selenium, from microalgae, where these antioxidants are able to protect the fragile polyunsaturated lipids from peroxidation.Fatty predatory fish like sharks, swordfish, tilefish, and albacore tuna may be high in omega-3 fatty acids, but due to their position at the top of the food chain, these species can also accumulate toxic substances through biomagnification. For this reason, the U.S. Food and Drug Administration recommends limiting consumption of certain (predatory) fish species (e.g. albacore tuna, shark, king mackerel, tilefish and swordfish) due to high levels of toxic contaminants such as mercury, dioxin, PCBs and chlordane. Fish oil is used as a component in aquaculture feed. More than 50 percent of the world's fish oil used in aquaculture feed is fed to farmed salmon."

    So a takeaway from above is that when you take "fish oil", one has no idea what the supply chain is. As the above article mentions, many of the candidate sources for fish oil are concentrators of chemicals (including mercury) which are bad for people. In fact the US EPA encourages people to not eat shark and tilefish specifically because of the large potential mercury concentrations.

    So in addition to all the other positive attributes of AMR101, toxin free is another. So if there is ever a reason to prescrib AMR101 to nursing mothers or kids with some sort of genetic predisposition, "toxin-free" would carry the day.
    Jul 7 01:11 AM | 3 Likes Like |Link to Comment
  • Although he's optimistic about the outlook for the U.S., Deloitte CEO Joe Echevarria says many other top executives are not. Global economic turmoil coupled with stalemate in Washington have created a crisis of confidence in business leaders that makes it difficult to move forward. Washington is going to have to move away from stalemate, eliminate uncertainty, deal with regulation and create some certainty so business can invest and lend. (video)  [View news story]
    This comment precisely indicates why accountants shouldn't run companies because to their anal minds, everything has the same urgency when in reality, there are weighted priorities.

    Goog, MS, INTL, AMD and ARM for example in their own ways are obsessing about mobile. LMT should be obsessing on the F-35 program and why it's overbudget and behind schedule. Big drug companies are trying to find the next Lipitor. FB on how to cash in on essentially their user app. Etc. Etc. The only companies that are obsessing about uncertainty/deadlock in Washington are defense companies and their suppliers, because they will have to right size head counts and product offerings,

    Sometimes it's not all about DC.
    Jul 6 11:50 PM | 1 Like Like |Link to Comment
  • Former Obama OMB director Peter Orszag says, despite several states already taking their cue from the Supreme Court’s health care decision and opting out of offering additional Medicaid coverage, most will continue to do so because of the attractive subsidy. States are already offering more coverage with a federal government reimbursement rate below 60%, and when it goes to 90% the temptation will just be too hard to resist.  [View news story]
    Just to throw some numbers out:

    1) California has the 9th largest economy in the world with a GDP @ around $2 trillion. Somewhere between Italy and India.

    2) If one were to scale California's GDP to the size of the US GDP, the recent $16 billion shortfall would be equivalent to a national government budget shortfall of around $120 billion.

    3) $2.7 billion dollars for a high speed rail project is peanuts for an infrastructure project for the 9th largest economy in the world.

    4) On top of this California paid $313 billion dollars in federal taxes in 2010.

    For Montana

    1) MT has a GDP of around $37.2 billion which puts it somewhere around the GDP's of Ghana and Libya.

    In terms of the ACA, it's passage is actually good for business because it will enhance labor mobility and removes any consideration of someone's health insurance status in layoff's.
    Jul 2 11:04 PM | 2 Likes Like |Link to Comment
  • Ray Dalio's Primer On Deleveraging [View article]
    In a world of rampant merchantlism where the exchange rate is a tool in a mechantlist's arsenal, isn't the concept of a saver so 18 -19th century?
    Jul 1 11:37 PM | Likes Like |Link to Comment
  • The Supreme Court healthcare opinion "is a classic example of why Prediction markets have minimal value," writes Barry Ritholtz as Intrade gets it wrong again by predicting that the court would invalidate the act. "Futures markets are really a focus group unto themselves: When the group is something less representative of the target market, they get it wrong with alarming frequency."  [View news story]
    Montana,

    What you tax whiners forget is someone is paying for free emergency room care up till now. Figure it out.
    Jun 28 04:18 PM | 2 Likes Like |Link to Comment
  • The Supreme Court healthcare opinion "is a classic example of why Prediction markets have minimal value," writes Barry Ritholtz as Intrade gets it wrong again by predicting that the court would invalidate the act. "Futures markets are really a focus group unto themselves: When the group is something less representative of the target market, they get it wrong with alarming frequency."  [View news story]
    Hey clownboy,

    "The Emergency Medical Treatment and Active Labor Act (EMTALA)[1] is a U.S. Act of Congress passed in 1986 as part of the Consolidated Omnibus Budget Reconciliation Act (COBRA). It requires hospitals to provide care to anyone needing emergency healthcare treatment regardless of citizenship, legal status or ability to pay. There are no reimbursement provisions. Participating hospitals may only transfer or discharge patients needing emergency treatment under their own informed consent, after stabilization, or when their condition requires transfer to a hospital better equipped to administer the treatment."

    The above was passed by Reagan. Bush 2 passed the largest expansion of Medicare ever. Eisenhower passed the largest expansion of SS ever. So on both sides of the aisle, there is a history in the United States of looking out for the less fortunate.

    So good luck in your tax free fantasy land. Hopefully you'll survive long enough to figure out what palms to grease.
    Jun 28 01:36 PM | 4 Likes Like |Link to Comment
  • More on the Supreme Court healthcare opinion: The court reinforces that individuals can simply refuse to comply with the mandate, and pay the tax. The Supreme Court's live blog is here.  [View news story]
    Dear uninformed:

    "The Emergency Medical Treatment and Active Labor Act (EMTALA)[1] is a U.S. Act of Congress passed in 1986 as part of the Consolidated Omnibus Budget Reconciliation Act (COBRA). It requires hospitals to provide care to anyone needing emergency healthcare treatment regardless of citizenship, legal status or ability to pay. There are no reimbursement provisions. Participating hospitals may only transfer or discharge patients needing emergency treatment under their own informed consent, after stabilization, or when their condition requires transfer to a hospital better equipped to administer the treatment."

    Thanks to this, all hospital users paid a tax to subsidize the uninsured. Let me see, who was president in 1986?........... oh yeah... Reagan. To Reagan's credit, in those days it was most likely seen as the Christian thing to do.

    So does using a ER as the doctor of last resort sound like a wise use of healthcare $'s?
    Jun 28 01:32 PM | 2 Likes Like |Link to Comment
  • "We are losing our shirts" on natural gas, ExxonMobil (XOM +0.7%) CEO Rex Tillerson says, maintaining that current natural gas prices are not sustainable for the energy industry to continue to cover the cost of finding and producing new supplies. Tillerson also argues the effects of global warming are "manageable," and current warming models aren't accurate.  [View news story]
    1) Dear liberal arts/finance majors:

    Here is the raw data on atmospheric CO2:

    http://1.usa.gov/LBvnuO

    Nature or Science is waiting with baited breath on your article(s) explaining the cause of increasing atmospheric CO2.

    2) If Tillerson is losing his shirt on NG, he needs to be focused on XOM operational issues and not prating on scientific issues.

    3) What makes the clownish comments on global warming particularly hilarious on SA is the juxtapositiont of global warming comments with all of the pseudo mathematical mumbo jumbo that gets published on why stocks/indexes go up or down.
    Jun 27 11:40 AM | 1 Like Like |Link to Comment
  • Nokia (NOK +1.85%) CEO Stephen Elop rejects speculation that Microsoft (MSFT) is planning to make its own smartphone, telling Finish newspaper Kaleva that the U.S. company has "made a clear decision with Nokia." Perhaps more convincing is a denial from Microsoft exec. Greg Sullivan in an interview with Information Week.  [View news story]
    It's spelled "Finnish".
    Jun 27 08:30 AM | 2 Likes Like |Link to Comment
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