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catamount

catamount
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  • The WSJ reports George Soros and John Burbank have been selling their gold and silver in recent days. These types of leaks following a large decline are often little more than an attempt by fund managers to make themselves look good or drive the price down further so they can get in cheaper. SLV -1.0%.  [View news story]
    That's pretty amazing that you know all 2 billion people in China and India, and their habits...

    You know that the plural of anecdote is not data, right?
    May 4 10:42 AM | 8 Likes Like |Link to Comment
  • The Paul Ryan budget plan is "ludicrous and cruel," Paul Krugman writes, and shouldn't be taken seriously. Ryan calls for spending on all items other than Social Security, Medicare and Medicaid to fall to 3.5% of GDP, less than the U.S. now spends on defense alone. "How could such a drastic shrinking of government take place without crippling essential public functions?" (previous)  [View news story]
    How about roads? National Parks? I'm all for gutting the federal gov, but it seems the two-party system simply wants to grow the federal government, they only differ in where they want to grow it.
    Apr 8 11:33 AM | 6 Likes Like |Link to Comment
  • "Price fixing at its worst," JPMorgan Chase (JPM) CEO Jamie Dimon says of debit-card interchange fee limits set for later this year. The "middle of the night" change - which could slash the $12B/year in fees that banks get by 84% - "penalizes us for having debit cards." A delay campaign may be bearing fruit as the Fed is behind schedule on the caps.  [View news story]
    You and your ilk need to go ahead and retire. If you think we have had zero technical innovation over the last twenty years, where efficiency has decreased, and things should cost the same as in the '60s, I just don't know what to say to you.

    My guess is that you don't know any startup founders, and are not aware of early stage businesses currently being built. These businesses will utilize technology to innovate and provide good service.

    I'm not a fan of the government stepping in, but I've seen too many financially focused startups hit a brick wall when trying to deal with all the regulations these big banks DO support. So, innovate or get out of the way, but don't give me that shit about free market because the US gov (FDIC, FTC, SEC, USPTO etc.) has been blocking innovation to protect these fat, greedy, old businesses that no longer possess a technological advantage (just lobbyists).

    Visa and AMEX _just now_ launched a competitor to Paypal. FFS!
    Mar 30 04:45 PM | 6 Likes Like |Link to Comment
  • The CFTC is "a good investment for the American public," says chief Gary Gensler, but the agency needs more money if it's meant to prevent another financial crisis from happening. "Without oversight of the swaps market, billions of taxpayer dollars may be at risk." (testimony)  [View news story]
    These people always seem to need more money. Funny how that works. How many agencies do we need to scrutinize this crap? 3?
    Mar 17 01:48 PM | 6 Likes Like |Link to Comment
  • Americans are failing to recognize the resilience of the U.S. economy, says Tony Tan Keng Yam, director of Singapore's sovereign wealth fund. He expects the U.S. economy to grow "above trend" at a rate of 4%-4.5% this year, and believes that the risk of inflation is very low because of slack in the economy.  [View news story]
    The DoD's budget is unbelievable in comparison to everything else. It's gigantic, and it boggles my mind.
    Mar 7 02:30 PM | 6 Likes Like |Link to Comment
  • So the U.S. lost S&P's AAA rating for the first time in a 70-year history; so what? Mark Thoma says this is S&P erring on the only side it can after blowing the pre-crisis situation. Always pragmatic Warren Buffett says solvency's not an issue when the debts are all in currency the U.S. can print; inflation, that's another story. Ready to buy on this coming dip?  [View news story]
    Do your hands ever get tired of all the waving?

    At least you got all of Limbaugh's talking points into one paragraph, but it would be _amazing_ if you suddenly realized we are in two unfunded wars, and that SS and Medicare are fully self-funded/ solvent.
    Aug 6 11:11 AM | 5 Likes Like |Link to Comment
  • The Paul Ryan budget plan is "ludicrous and cruel," Paul Krugman writes, and shouldn't be taken seriously. Ryan calls for spending on all items other than Social Security, Medicare and Medicaid to fall to 3.5% of GDP, less than the U.S. now spends on defense alone. "How could such a drastic shrinking of government take place without crippling essential public functions?" (previous)  [View news story]
    Proof? These idiots can't think beyond left or right (as they've been manipulated to think in these binary terms). They (either side) don't need facts, they just state shit like it's fact if it supports their world view.
    Apr 8 11:31 AM | 5 Likes Like |Link to Comment
  • The U.S. government in April enjoyed its first monthly budget surplus since Sept. 2008, with income tax-fueled revenue helping offset below-normal spending. It's mostly a quirk in the calendar: April 1 was on a Sunday, so payments scheduled for that day were pushed into March. The $59B surplus might buy the government a few extra days until it hits the $16.394T debt ceiling.  [View news story]
    Please quit feeding this terry troll. It makes my stomach turn; that account should be banned.
    May 10 07:36 PM | 4 Likes Like |Link to Comment
  • Apple (AAPL -2.2%) responds to a weekend NYT column noting its low overall tax rate. The company touts its U.S. job-creation efforts and charitable donations, and says it has paid $5B in federal and state taxes over the first half of FY12. Jay Yarow isn't impressed, pointing out Apple includes UPS positions among the jobs it has created, and that its payment figures are inflated by taxes withheld from employees.  [View news story]
    >Am I the only person who sees building a bunch of factories and placing Americans in them as a regressive movement, rather than a progressive one?

    No. But, building factories and placing American robots in them would seem progressive.
    Apr 30 11:49 AM | 4 Likes Like |Link to Comment
  • David Einhorn's slide presentation (pdf) regarding his short of Green Mountain Coffee (GMCR). He comes about as close to alleging accounting fraud as his lawyers will let him: "The research shows that GMCR (and its distributor) are potentially engaged in a variety of shenanigans that appear to mislead auditors and to inflate financial results."  [View news story]
    You know you might be dyslexic when...
    Oct 19 09:38 AM | 4 Likes Like |Link to Comment
  • Erin Burnett doesn't take the Wall Street protesters seriously, calling them out for their use of cellphones, MacBooks, Lululemon clothing and other capitalist icons. But hedge fund manager Eric Jackson, writing in Forbes, finds Burnett's critique "vapid" - with youth unemployment at 18%, "the frustration and palpable anger on display [are] completely legitimate."  [View news story]
    I don't think you understand these people at all. So, no wonder you think you have the answer.
    Oct 5 08:07 PM | 4 Likes Like |Link to Comment
  • Erin Burnett doesn't take the Wall Street protesters seriously, calling them out for their use of cellphones, MacBooks, Lululemon clothing and other capitalist icons. But hedge fund manager Eric Jackson, writing in Forbes, finds Burnett's critique "vapid" - with youth unemployment at 18%, "the frustration and palpable anger on display [are] completely legitimate."  [View news story]
    "They are hate skum[sic]."
    Your entire comment wreaks of hate (as curmudgeonly always).
    Oct 5 08:01 PM | 4 Likes Like |Link to Comment
  • S&P lowers its sovereign credit rating for the U.S. from AAA to AA+. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics."  [View news story]
    Junker: That's a great line. My parents also accumulated ~$10M, so I stand to benefit. But, they did not add the value proportionately. You are all greedy older folks that think you added more value than you actually did.

    If I were a descendant of your's, I would exhume your body and drag it down the street by horse to a dumpster. Total economic drag.
    Aug 5 09:31 PM | 4 Likes Like |Link to Comment
  • S&P lowers its sovereign credit rating for the U.S. from AAA to AA+. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics."  [View news story]
    You are truly giving to much credit to an agency that rated sub-prime CDOs as they did. Suddenly, you believe they are credible. Good luck.
    Aug 5 09:23 PM | 4 Likes Like |Link to Comment
  • S&P lowers its sovereign credit rating for the U.S. from AAA to AA+. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics."  [View news story]
    If we could only cut your SS and Medicare, we'd be clear sailing...
    Aug 5 09:18 PM | 4 Likes Like |Link to Comment
COMMENTS STATS
374 Comments
368 Likes