"Huuuuuge demand for Spain's new 10-year bond - order book of over €17B for the expected €3-4B deal," tweets Reuters' Jamie McGeever. Earlier, Spain sold more than €2.8B of 3-6 month bills, above its target of €2.5B, with yields falling also. [View news story]
President Obama is reportedly likely to choose former U.S. attorney Mary Jo White as his nomination for head of the SEC. If White is confirmed, she would be the first prosecutor to head the agency, perhaps giving it a tougher edge. White has won convictions against Ramzi Ahmed Yousef for bombing the World Trade Center and mafia boss John Gotti, although she's not known for expertise in securities law. [View news story]
This administration has caused me to reevaluate my expectations, david. Congress keeps doing their part as well. Nonetheless, the bio link Tsch posted at least indicates she is not tied to Chicago or OWS.
Algerian troops have stormed the gas plant in the Sahara desert that had been taken over by Islamist terrorists, killing all the militants. However, while 792 hostages survived, 23 were killed during the four-day siege. The terrorists' capturing of the facility, which is operated by Statoil (STO), BP and Algeria's state oil company, highlights the vulnerability of the operations of multinational energy firms in the Sahara. [View news story]
Poor lame duck SecDef Leon Panetta abroad, having to mouth meaningless platitudes about how the US might respond to these events at some undetermined time in the future. If only the foreign press had followed Dear Leader's "hear no evil, see no evil" example of silence and indifference to this major terror incident.
Back to children reading letters on youtube, comrades. Ignorance is Strength. Forward!
President Obama is reportedly likely to choose former U.S. attorney Mary Jo White as his nomination for head of the SEC. If White is confirmed, she would be the first prosecutor to head the agency, perhaps giving it a tougher edge. White has won convictions against Ramzi Ahmed Yousef for bombing the World Trade Center and mafia boss John Gotti, although she's not known for expertise in securities law. [View news story]
Good link Tsch. While Ms. White certainly seems to be part of the revolving 1% she sounds far more qualified and well-suited for the post than Kagan, Sotomayor or Lizzie Warren are for theirs.
Wall Street's latest attempt at financial alchemy - turning single-family rental payment streams into securities - is dealt a setback after Moody's says the current planned structure would pose serious risk to buyers of the paper, thus making it undeserving of a credit rating much higher than junk. [View news story]
Maybe they need to aim a little lower. Looks like the ticker symbol SRO is still available.
These Forgotten Stocks Are Ready To Take Off... [View article]
good article SA, been thinking about a DCM entry point and dividend is compelling...why pay the T premium for a similar provider? Chart helpful also. Gambari masu!
Uncle Sucker's Trade Deficit Worsened In November [View article]
Given tens of trillions in debt and a play-along popular media, I don't expect low-information voters to even notice annual trade deficits in the hundreds of billions. I'm not sure how many give even a passing thought to where their tablets, smartphones and big screens are made, but I will wager that the majority would be hard-pressed to find South Korea or Japan on a map.
If cutting Apple (AAPL) targets is an Olympic sport, Nomura wins the gold, slashing its price target to $530 from $660, with the analysts proving they read the paper by citing worries over iPhone sales and gross margins. [View news story]
Love the "analysts proving they read the paper" dig at nomura's lower-case olympian athletes.
ExxonMobil (XOM) knew in 1984 that adding the chemical MTBE to gasoline to make it burn more thoroughly would triple incidents of groundwater contamination, lawyers for New Hampshire say at the opening of an $800M trial. XOM says the federal Clean Air Act overrides the state claims, and it was complying with a U.S. mandate to supply fuel that would burn more cleanly. [View news story]
MB, this is a state not federal action. XOM defense is that it was following a federal mandate. So in this case the answer is "no" but we're waiting to see what he intends to do about fracking and Keystone Pipeline.
My expectation is that Obama 2.0's policy will not be favorable to energy interests or US consumers. But he would love to expand the EPA's regulatory and enforcement powers and see us all turn to bicycles and rickshaws.
ExxonMobil (XOM) knew in 1984 that adding the chemical MTBE to gasoline to make it burn more thoroughly would triple incidents of groundwater contamination, lawyers for New Hampshire say at the opening of an $800M trial. XOM says the federal Clean Air Act overrides the state claims, and it was complying with a U.S. mandate to supply fuel that would burn more cleanly. [View news story]
The law of unintended consequences again collides with but our intentions were to do good.
The decline in Spanish industrial production accelerated sharply in November, dropping to -7.2% Y/Y from -3.1 in October and marking the 15th consecutive month of falls. All the sectors declined, with capital goods -12.9%, intermediate goods -7.4% and non-durable consumer goods -6.1%. Investors don't seem to be too bothered, though - shares and Spanish 10-year bond yields are little changed. (PR) [View news story]
All that investment in green energy seems to be paying off. Let's try the same thing here.
"Huuuuuge demand for Spain's new 10-year bond - order book of over €17B for the expected €3-4B deal," tweets Reuters' Jamie McGeever. Earlier, Spain sold more than €2.8B of 3-6 month bills, above its target of €2.5B, with yields falling also. [View news story]
President Obama is reportedly likely to choose former U.S. attorney Mary Jo White as his nomination for head of the SEC. If White is confirmed, she would be the first prosecutor to head the agency, perhaps giving it a tougher edge. White has won convictions against Ramzi Ahmed Yousef for bombing the World Trade Center and mafia boss John Gotti, although she's not known for expertise in securities law. [View news story]
Algerian troops have stormed the gas plant in the Sahara desert that had been taken over by Islamist terrorists, killing all the militants. However, while 792 hostages survived, 23 were killed during the four-day siege. The terrorists' capturing of the facility, which is operated by Statoil (STO), BP and Algeria's state oil company, highlights the vulnerability of the operations of multinational energy firms in the Sahara. [View news story]
Back to children reading letters on youtube, comrades. Ignorance is Strength. Forward!
President Obama is reportedly likely to choose former U.S. attorney Mary Jo White as his nomination for head of the SEC. If White is confirmed, she would be the first prosecutor to head the agency, perhaps giving it a tougher edge. White has won convictions against Ramzi Ahmed Yousef for bombing the World Trade Center and mafia boss John Gotti, although she's not known for expertise in securities law. [View news story]
Wall Street's latest attempt at financial alchemy - turning single-family rental payment streams into securities - is dealt a setback after Moody's says the current planned structure would pose serious risk to buyers of the paper, thus making it undeserving of a credit rating much higher than junk. [View news story]
These Forgotten Stocks Are Ready To Take Off... [View article]
These Forgotten Stocks Are Ready To Take Off... [View article]
How To Hold "Cash" In Your Seeking Alpha Portfolio [View instapost]
How To Hold "Cash" In Your Seeking Alpha Portfolio [View instapost]
Uncle Sucker's Trade Deficit Worsened In November [View article]
Good post Mr. Richman, I'm following now.
If cutting Apple (AAPL) targets is an Olympic sport, Nomura wins the gold, slashing its price target to $530 from $660, with the analysts proving they read the paper by citing worries over iPhone sales and gross margins. [View news story]
ExxonMobil (XOM) knew in 1984 that adding the chemical MTBE to gasoline to make it burn more thoroughly would triple incidents of groundwater contamination, lawyers for New Hampshire say at the opening of an $800M trial. XOM says the federal Clean Air Act overrides the state claims, and it was complying with a U.S. mandate to supply fuel that would burn more cleanly. [View news story]
My expectation is that Obama 2.0's policy will not be favorable to energy interests or US consumers. But he would love to expand the EPA's regulatory and enforcement powers and see us all turn to bicycles and rickshaws.
ExxonMobil (XOM) knew in 1984 that adding the chemical MTBE to gasoline to make it burn more thoroughly would triple incidents of groundwater contamination, lawyers for New Hampshire say at the opening of an $800M trial. XOM says the federal Clean Air Act overrides the state claims, and it was complying with a U.S. mandate to supply fuel that would burn more cleanly. [View news story]
Does Anyone Really Understand What Is Going On With Employment? [View article]
The decline in Spanish industrial production accelerated sharply in November, dropping to -7.2% Y/Y from -3.1 in October and marking the 15th consecutive month of falls. All the sectors declined, with capital goods -12.9%, intermediate goods -7.4% and non-durable consumer goods -6.1%. Investors don't seem to be too bothered, though - shares and Spanish 10-year bond yields are little changed. (PR) [View news story]