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moreofthesame

moreofthesame
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  • Does Facebook deserve the $100B IPO valuation it's reportedly shooting for? Bulls will point to soaring revenue, improving ad monetization, and an eye-popping share of consumer Internet usage. But Douglas McIntyre isn't convinced, noting that at $100B, Facebook will be worth more than Cisco (CSCO), which has over $6B in annual profits, and over $30B in net cash and investments.  [View news story]
    Selling more adspace would drive away users. The rule remains that it is based on Internet hype and can potentially fade as fast as it came as soon as a newer and better and more cloud integrated blah blah comes about.
    Nov 29 08:50 AM | 3 Likes Like |Link to Comment
  • Be careful what you wish for, banks: After Barney Frank leaves Congress, his place as top Democrat on the House Financial Services Committee likely will be taken by Maxine Waters, whose bizarre ramblings and conspiracy theories have befuddled bank CEOs and Tim Geithner. She has advocated banning all credit default swaps and taxing "gangsta banks" out of business.  [View news story]
    I think it would be great if somebody were actually to put that in place. Isn't it obvious that the "products" which banks are offering are a serious threat to the worlds economy?

    How about this, Banks are a institution that enable the flow of financial transactions in order to serve the economy. That would be something nice to have.
    Nov 28 07:00 PM | 1 Like Like |Link to Comment
  • The Endgame In Europe [View article]
    Ok, sounds like this scenario would be better than the ECB printing money to keep everything afloat as it is BUT it will simply delay the situation that exists now to a later date. The debt will come back unless structural changes to the EU are made.
    The banks accepting the losses is a good start but then the southern part of the EU has to be placed as peripheral EU states with different EU and Euro status than the northern. Then it may work, but hey then you may not even need the ECB printing press, because it will eventually run on the profitability of the northern states.
    Nov 27 03:05 AM | Likes Like |Link to Comment
  • Online sales jumped 24.3% this Black Friday. Department stores led the way with a 59% jump in online sales. Stronger than expected demand suggests there may be a disconnect between what consumers tell pollsters and how they actually spend.  [View news story]
    How do they know the total sales within a few hours after the fact??
    Nov 26 04:01 PM | 2 Likes Like |Link to Comment
  • The Street's Track Record For Q3 Chinese Solar Estimates [View article]
    Thank you for your articles. very interesting stuff, the question that still remains for me is which one of the 11 might disappear or merge.
    You think JKS could be forced to merge with all that debt, or do you think its more likely for them to catch up and shine again?
    Nov 25 12:34 PM | Likes Like |Link to Comment
  • Best. Infographic. Ever. Among the things I learned: The U.S.'s 400 richest people have a greater combined net worth than the country's bottom 50%.  [View news story]
    The line between Power and Crime has always been blurred, only when it gets obscene something needs to be done. Nowadays if you travel to washington and onto K street it is common knowledge that lobbyists are in charge and that it is pretty much impossible for the voice without a lobby to be heard. Congress men and women spend about 1 1/2 days in Washington per week to do their job, the rest of the week they spend campaigning for re-election paid for by lobbyists, and paid for extremely well. Those campaign contributions plus the insider trading rights makes it so cozy for congress men and women that most of them never leave Washington. Originally whoever got elected from whatever state to represent them in congress would serve their terms and then go back to their jobs they had before but not anymore.
    Lobbyists are in fact the men which are sent to washington to represent the interests of several sectors and they overshadow the actions of the congress which is supposed to represent the people. So the Lobbyists are the congress for the super-rich and it is in blatant control of the countries interest, nobody even in washington denies that. It is impossible for a individual to bring a new drug to the market and thats not because individuals are lazy and employees of large pharma industries are not, the only reason for that is because the power resides with the pharma industry, etc etc.
    That is the reason why all the wealth got cornered by the very few. Time to make a change by forcing congress to represent the people once again.
    Nov 24 09:01 PM | 3 Likes Like |Link to Comment
  • U.K. 10-year borrowing costs are now cheaper than those of Germany for the first time since 2009, with gilts yielding 2.19% and bunds 2.21%. "Going, going..With German bunds yielding more than gilts, the euro crisis has moved into its final phase. Germany must act or it's game over," says Jeremy Warner.  [View news story]
    One day when eventually nobody may buy US bonds anymore both political parties will hail it as a success in curbing projected government debt.... ( I am kidding, sort of )
    Nov 24 03:02 PM | 1 Like Like |Link to Comment
  • Paul Krugman takes time from Thanksgiving prep to post his thoughts on the run on German debt. He reads this as the market "pricing in a real possibility of eurozone collapse." How about the other side? Maybe the market is pricing in tighter integration, with Germany set to weaken its own credit by standing behind the debts of southern Europe. Or maybe German yields had just fallen too far too fast, and buyers simply stood aside.  [View news story]
    Absolutely, I should have said the Bush administration started the destruction of the dollar and it has been going on ever since mostly by the printing presses working overtime. I assume they felt clever by challenging China and Europe in a very short term perspective. Sort of like winning a race at which the finishing line is a brick wall.
    Nov 24 02:32 PM | 2 Likes Like |Link to Comment
  • Paul Krugman takes time from Thanksgiving prep to post his thoughts on the run on German debt. He reads this as the market "pricing in a real possibility of eurozone collapse." How about the other side? Maybe the market is pricing in tighter integration, with Germany set to weaken its own credit by standing behind the debts of southern Europe. Or maybe German yields had just fallen too far too fast, and buyers simply stood aside.  [View news story]
    Europe has been holding the high value currency for a long time now. The Bush administration drove the US Dollar into the ground which gave it an export edge over europe. Now Europe will race the dollar to the ground and as long as they won't sell euro bonds or let the ECB go nuts like the Federal Reserve is in the US then Europe might win the race to their advantage considering that they are slowly strangling the banks and whatever causes the reduction in mad bank activity will turn out to be a good cause. The market is so sick of this that there will be a point when it will not even care much about banks going bust as long as something changes.
    Nov 24 12:07 PM | Likes Like |Link to Comment
  • A Super Committee Failure: Does It Matter? [View article]
    The problem is that the US will always rely on the FED printing money and will eventually slowly boil itself towards inflation until its too late and the dollar goes bust. Europe could potentially have iceland happening over and over where banks go bust but in the longer term Europe would be healthier economically. It wouldn't be pretty but it would be effective.
    Nov 22 10:52 PM | Likes Like |Link to Comment
  • This Week's Solar Earnings: Expecting Poor Q3 Results, Even Worse Q4 Outlooks [View article]
    I suppose the important question now is, which of the solar companies are going to survive?
    Nov 22 08:23 PM | Likes Like |Link to Comment
  • This Week's Solar Earnings: Expecting Poor Q3 Results, Even Worse Q4 Outlooks [View article]
    What do you make of this solar rally? Except JKS, which was supposed to be the best of them all...
    Nov 22 03:37 PM | Likes Like |Link to Comment
  • How The U.S. Is Quickly Becoming A Third World Country (Part 1) [View article]
    God Help Us from the ignorance displayed above.
    Nov 22 02:19 PM | 7 Likes Like |Link to Comment
  • A poorly kept secret, the congressional supercommittee makes it official, announcing it cannot reach a deficit-cutting deal. "After months of hard work and intense deliberations, it will not be possible to make any bipartisan agreement." The good news: no more supercommittee?  [View news story]
    The funny thing is that Greece will eventually do what iceland did and let the banks count their losses including all the useless bondholders who are crying like babies because they might have to take a loss. So Greece will potentially be better off than Europe and the US when you see it from the perspective of the citizen.
    I agree Ron Paul is the only one who may be able to bring change. As long as congress is ruled by lobbyists and credit default swaps there is no hope for anything to change.
    A million people need to march on Washington and tell congress that if they don't do their job they are fired without pay.
    Nov 21 09:30 PM | 2 Likes Like |Link to Comment
  • The FT's Martin Wolf provides an on point summary of Iceland's response and quick rebound from the financial crisis. Depositors were protected, managements sacked, shareholders wiped out, and bondholders left to fight for their scraps in bankruptcy proceedings. "The contrast with what happened elsewhere - particularly in Ireland - is striking. Iceland let the creditors of its banks hang, Ireland did not. Good for Iceland!"  [View news story]
    This calls for a Big Budget blockbuster ! A nation rising up against the banks winning and turning their economy around, may be that would communicate with the american people.
    Nov 21 07:16 PM | Likes Like |Link to Comment
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