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  • Wall Street Breakfast: Must-Know News [View article]
    bob
    Tariffs? Lets bring back Smoot-Hawley. That really worked out just great in 1930.
    As for "Infrastructure projects/spending is a great idea", just how do you propose to pay for it?
    May 23 09:56 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The CBO is nuts.
    Do nothing and the economy will grow 4.4% and add 2 million jobs?
    And just why will this prediction come true when the rest of the world is in worse shape than the U.S.?
    What happens if the cuts and tax increases don't come about and interest rates rise? I guess we just become Greece.
    May 23 07:48 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Maybe JPM's golden boy ain't so golden after all.
    Looks like the bankers have learned nothing from their past sins.
    May 18 07:35 AM | 12 Likes Like |Link to Comment
  • Does the Fed exacerbate income inequality? "The relentless expansion of credit by the Fed creates artificial disparities based on political privilege and economic power," Mark Spitznagel writes. "This coercive redistribution has been a far more egregious source of disparity than the president's presumption of tax unfairness... or deregulation." Even Paul Krugman isn't buying it.  [View news story]
    Hedged in

    "Actually, the Fed's policy of low rates has led to lower rates for people with credit card debt."

    I don't know who you are talking about. The working people I know have not had their rates lowered.
    Apr 21 06:35 PM | 4 Likes Like |Link to Comment
  • Does the Fed exacerbate income inequality? "The relentless expansion of credit by the Fed creates artificial disparities based on political privilege and economic power," Mark Spitznagel writes. "This coercive redistribution has been a far more egregious source of disparity than the president's presumption of tax unfairness... or deregulation." Even Paul Krugman isn't buying it.  [View news story]
    Ben has been on a program to destroy the middle classes and especially the seniors since 2008.
    His policy of zero rates for the bankers so they can charge 29% on credit cards should be enough to put an end to his reign of terror.
    Apr 21 12:20 PM | 7 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    NO. It started when the NY AG forced out Greenburg who, had he stayed, would never have allowed the charade to take place.
    Apr 20 01:40 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    wmarkw
    Outside of Paris, no different that rural America.
    Apr 20 01:38 PM | Likes Like |Link to Comment
  • Headline of the day: German Finance Minister Schauble says Europe is "no longer in focus" at the spring IMF meetings. Also attending, the ECB's Jens Weidmann: The EU crisis remains the main economic risk to the world.  [View news story]
    Actually, no.
    Apr 20 01:37 PM | 1 Like Like |Link to Comment
  • Thirty states recorded unemployment rate decreases in March, eight posted rate increases, and 12 had no change, the BLS reports. Rates in 49 states and D.C. have decreased Y/Y, while only New York has suffered an increase. Nevada's unemployment rate is 12%, followed by Rhode Island (11.1%) and California (11%); North Dakota's rate is lowest at 3%.  [View news story]
    Is it because the unemployed found jobs or had their benefits expire?
    Apr 20 11:29 AM | 3 Likes Like |Link to Comment
  • Interesting question of the day: Don Bilson asks on Twitter if people aren't buying beds (Earlier: Tempur-Pedic) or furniture (Earlier: Ethan Allen) - how are we supposed to believe they are buying homes?  [View news story]
    Perhaps the scheme is starting to unravel.
    Apr 20 10:40 AM | Likes Like |Link to Comment
  • Shares of Tempur-Pedic (TPX -20.1%) crater after a weak forecast for full-year earnings has investors running for the hills. The company says that it expects to earn $3.80-$3.95 a share this year after analysts had EPS pegged at $3.97. Mattress Firm (MFRM -4.8%), Sealy (ZZ -1.9%), and Select Comfort (SCSS -6.7%) trade lower off the weak outlook for mattress sales provided by Tempur-Pedic. [View news story]
    It is so much fun to watch bubbles burst.
    Apr 20 10:15 AM | Likes Like |Link to Comment
  • Headline of the day: German Finance Minister Schauble says Europe is "no longer in focus" at the spring IMF meetings. Also attending, the ECB's Jens Weidmann: The EU crisis remains the main economic risk to the world.  [View news story]
    Who makes the "all better cream" that was slobbered all over the EU debt "crisis"?
    I want to buy the stock of that company.
    Apr 20 09:55 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    jack
    And Parsons' great leadership and management played no part?
    How much did Citi pay in fines during his tenure on the board?Slightly self serving.
    He must be trying out themes for his new book.
    Apr 20 09:21 AM | 2 Likes Like |Link to Comment
  • A Francois Hollande-led France will not be part of a U.S./U.K. plan to release strategic oil reserves, according to his energy adviser. "This could potentially be dangerous," he says. "Strategic stocks are here in case of a major supply crisis."  [View news story]
    At least someone has some brains.
    Apr 19 12:54 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    How will onions help in the bat research?
    Apr 19 10:48 AM | 1 Like Like |Link to Comment
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