This could occur over the next few months despite a debt ceiling agreement. This note was a bit more focused on our ability to cut spending rather than raising the debt ceiling.
Comments »Monthly Archives: July 2011
Crack Spreads Plunged Today
Off by 10% to $30.
Comments »AMD Posts EPS of $0.09 vs Consensus of $0.08 on Revenues of $1.57 Bn vs consensus of $1.58 Bn
5 Chinese Burritos that Went Apeshit Today
No. Ticker % Change Industry
1 HEAT 48.06 Chinese Burritos
2 SINO 39.95 Chinese Burritos
3 GRO 28.89 Chinese Burritos
4 SEED 19.52 Chinese Burritos
5 KNDI 16.55 Chinese Burritos
Western Digital, WDC, Posts EPS of $0.67 vs Consensus of $0.66 on Revenues of $2.47 Bn vs Consensus of $2.26 Bn
Sandisk, SNDK, Reports $278Mn in Profits or $1.14 EPS…Adjusted EPS of $0.92 vs Consensus of $0.95
Microsoft, MSFT, Posts $0.69 vs Consensus of $0.58 on Revenues of $17.37 BN vs Consensus of $17.32BN
FLASH: A Mauling in Progress
Bears get attacked jaguar style; Full article [youtube:http://www.youtube.com/watch?v=vJC2ax18oQM 450 300]
Comments »Default Caucus Gets Schooled @ 3pm Today by S&P
Fiat Increases Their Ownership of Chrysler to the Tune of 6%
Not Surprised; Debt Talks Hit Another Impasse
Listen to America Very Carefully; Or Else We May See Pitchforks
Aside from war mongers and defense contractors is should be clear that our war efforts have been a colossal waste of tax payer money.
A policy of going to war to stimulate the economy, is vintage economics at best.
I do not doubt we need to protect ourselves in this new world, but we certainly could ratchet down spending.
Comments »Lunch Break: Marilyn Monroe Sex Tape
A Public Service Announcement
[youtube:http://www.youtube.com/watch?v=Ln8QexETcVw&feature=player_embedded 450 300]
Comments »Gartman: Copper Prices Pointing to US Recovery
Gartman is upbeat on copper pricing and cites a global rebound including the U.S.
Given China is the largest consumer there may be price weakness due to cooling efforts in China….
Comments »Finally- Schapiro: “Expect More Crisis-Related Lawsuits to Continue”
Let’s hope the right people go to jail and not scapegoats or lesser offenders.
Comments »The Fed and the Treasury Plan for a Debt Default
Fed’s Plosser: “We are developing processes and procedures by which the Treasury communicates to us what we are going to do,” Plosser said, adding that the task was manageable. “How the Fed is going to go about clearing government checks. Which ones are going to be good? Which ones are not going to be good?”
“There are a lot of people working on what we would do and how we would do it,” he said.
Comments »A Closer Look @ The Gang of Six Plan
Above Normal Heat Expected to Last for Weeks
Fund Managers Prepare for a Financial Doomsday Scenario
Apparently fund managers have been quietly hedging for a financial calamity. it appears the dumping of bonds and going into cash is the preferred move currently. Here are some ETF ideas that may benefit from a best case scenario…..the onerous is on you to discover the opposite correlating ETFs.
Comments »