A big morning for stocks as global markets celebrate Japan expands their stimulus. The DOW hit an all-time intraday high as giddy investors bought blue chip equities expecting the economy to continue to grow. The good news of better corporate profits and the Federal Reserve’s finalizing their stimulus makes Wall Street feel good … BUT […]
The left, the media and even mainstream Republicans had me convinced that Senator Ted Cruz was not a viable candidate to put on the national ticket … and that his ideas were “just too radically conservative” for today’s America. BUT … listening to him for 6 minutes (below) on CNBC’s Squawkbox this morning, I’m not […]
It’s October … why would anybody be surprised by the market heading violently in the down direction? I posted earlier this afternoon while watching the market selloff across the board and figured the end of the day deserved an update. At one point the Dow was down 460 points with most stocks moving sharply to […]
The year 2014 is turning up to be the year of the data-breach. It seems every month another high profile company reports that their clients and customer data has been compromised. JP Morgan Chase is the most recent and perhaps the largest loss of data – a information from a “mere” 76 million households and […]
There was a spirited debate this past week concerning the Federal Reserves’ exit strategies and what will happen when the Fed balance sheet is deleveraged. The equity bulls continue to believe the U.S. will see economic grow as interest rates remain low and continued tame inflation numbers (some like Wilbur Ross are more concerned about […]
As both an automotive enthusiast and budget minded “frugalist,” I regularly grumble and complain about the cost of owning a car cars. From insurance and registration each year to the ever rising price of a new car and the fuel pumped into it, there seems to be no end to forking over dollars. Recently both […]
My morning routine includes turning on CNBC for my business news, trading and investing “fix” and the segment on the Facebook vs. Twitter social networking challenge peaked my interest. As expected, the focus was primarily which stock would make an investor the most money. Obviously Facebook has a significant lead both in platform maturity and […]
I listened to a debate on CNBC on Wednesday morning featuring Princeton economics professor Alan Krueger discussing the problems of long term unemployment which lead to Joe Kernen suggesting there are financial disincentives to taking entry level jobs … the kind of work the unemployed need to gain experience. Krueger discounted that people weigh the […]
While listening to CNBC’s Squawkbox yesterday morning, Southern Company’s CEO Thomas Fanning sees exporting U.S. energy as economically a best path forward. The strategy is not without debate and hits opposition from both sides – the anti-fossil fuel greens and conservatives wanting to preserve our nation’s natural resources for America’s future. That argument aside, one […]
Love him or hate him, billionaire “business magnate, politician and philanthropist” Michael Bloomberg clearly understands the effect the Federal Reserve has when it comes to pumping money into the economy. So simple and so true when it comes to who benefits the most from government trying to solve business and wealth inequity problems. He is […]
I keep thinking that something has got to give in Washington DC when it comes to the how the Obama administration and many in congress bog down the greatness of our country. The lack of an economic recovery is hurting the middle class and there isn’t a commonsense reason for it. Take the debate over […]
Monitoring Kickstarter projects is a great way to see just what entrepreneurs and inventors are coming up with … and to rejuvenate pride in American Exceptionalism. The other day I saw a guys talking about Mobile Personal Theatre headphones called Glyph on the business channel CNBC which was pretty neat. I’ve micro funded a few […]
With data breaches in the news recently (Obamacare website, Target, Neiman Marcus) it was just a matter of time before someone archived the list of sites and collected a list of email addresses so that users could check their own. Check your email address with haveibeenpwned.com and see if your information has potentially been compromised. […]
The much publicized Obamacare, Target and Neiman Marcus security issues are an in-your-face reminder (receive my email from Target last week) that individuals need to be wary and take precautions with their financial, medical and personal identity information. Having been through the nightmare of ID theft back in the 1990s, before companies or banks were […]
As a conservative, government intrusion into the private sector is something I have difficulty in supporting. Unfortunately in the United States we’ve at least partially embraced the idea that government will regulate crucial areas of our economy in order to keep prices affordable for the masses. Utilities and food items come to mind and the […]
The U.S. stock market powered forward again today with the expectation that Janet Yellen will continue the easy money policies as head of the Federal Reserve. The Dow Jones Industrial Average (chart above) has investors cheering even as recent bumps attempted to derail the anemic jobless recovery. I doubt the party can continue forever, but […]
Frequent guest and St. Louis Federal Reserve President Jim Bullard discussed making “decisions by the numbers” on CNBC’s Squawkbox this morning. He offered an opinion that current low inflation and a sluggish economy is keeping the Fed’s “loose money policy” in place and that conditions are not signaling a need to taper. I’m probably not […]
After writing the Liquidity addict post for Friday and speculating that our “irrational exuberance” for stocks has bold investors buying with reckless abandon (CNBC on Friday said margin buying is near all time highs). Concerned? Hmm, yup. I also received a couple of emails from readers who said they were happy, but also worried about […]
In my pile of books, I’m reading one co-authored by Robert Wiedemer called “Aftershock Investor” and he is anticipating, after he accurately pinpointed the housing bubble, that we are nearing two additional bubbles. First, he highlights the dollar bubble as the Fed’s “quantitative easing” continues … followed by the government debt bubble as at the […]
At about the noon hour today stocks on the NASDAQ stock exchange were halted without much news besides a “technical issue.” According to CNBC, the markets should reopen at 3:30 although a few stocks will be reopened as a test around 3PM. (Quotes “only” for other Nasdaq listed stocks begins at 3:10PM) I’ve been eyeballing […]
Erskine Bowles gave his pitch on CNBC’s Squawkbox Wednesday morning although doesn’t seem to be making much headway with the politicians who refuse to face reality. Neither Republicans or Democrats seem willing to negotiate our future solvency — looks like we’ll need another crisis before real reform is made in Washington DC. I found it […]
Phil LeBeau of CNBC interviewed Jonathan Browning the President and CEO of Volkswagen Group of America and highlighted not only their outstanding 30+ sales growth year in 2012, but the commitment to expanding the TDI diesel line-up in North America. The interview from the floor of the Detroit Auto Show also mentioned the addition of […]
If you are confused over the privacy settings on social networking sites, particularly Facebook, you are not alone. Short suggestion: Assume everything you post is public … because it can certainly end up that way … just ask Randi Zuckerberg. As networks grow and friends connect to other friends, eventually the images and comments you […]
This past week, I talked to a younger friend of mine about his growing family and making fiscally sound decisions. He politely told me how much he respected my opinion as he asked for some advice … and my head swelled with the less than deserved accolades (but who doesn’t appreciate complements?) His primary question […]
Be careful when selling (missing dividend) or holding stocks (fiscal cliff) — they could potentially payout a one-time dividend in 2012 before the expected tax changes in 2013 or they could suffer share price losses if congress and President Obama fail to come together. Fearing a tripling of dividend tax rates next year, some companies […]
Upgrades, discounts, sales, coupons … way too much temptation. There is yet another reason to ignore email advertising or online marketing. Unfortunately I’m not taking my own advice and caved in to SlingMedia’s offer of a discount to upgrade my device either of their newer Slingboxes – 350 or “melted and warped” 500. I’ve opted […]
There is a Rise Above movement afoot and it is being promoted by business news network CNBC. Supporters and business leaders from both political parties agree that politicians must work together to focus on the financial health of our country and rise above partisan politics. We have yet to see progress and the stock market […]
Hostess Brands Inc., an 82-year old business with household brands such as Twinkie, Ho-Hos, Ding-Dongs and Wonder Bread will close its doors and liquidate assets after a bitter battle with unions and millions of dollars from venture capital in hopes to save the company. This morning CEO Greg Rayburn talked for 10 minutes with […]
One more post before election day as we’re finally on the home stretch to 11/6/2012. Thankfully a presidential election, and the ridiculous amount of money being spent, takes place only once every 4 years. Let’s hope we can shift this same kind of energy to governing our country and dealing with the enormous fiscal problems. […]
In one corner, wearing a dark suit is the undefeated President of the United States Barack Obama! [cheers and jeers] In the other corner also in a dark suit is the challenger, Salt Lake City Olympics rescuer, Governor Mitt Romney! [more cheers and jeers] Neither man wore gloves, but should have, as they at times […]
Most of America is waiting to hear from President Obama and his challenger Mitt Romney tonight for the first Presidential Debate. The president must defend his 4 years of leadership and stop offering excuses or pointing at Republicans; he needs to either convince the majority that his policies are working or that the changes that […]
After three rounds of Federal Reserve quantitative easing and the pumping money into the system, the economy remains depressed and there is growing concern over eventual inflation. The buying power of the U.S. dollar is noticeably weaker for those with stagnate earnings — most of middle-class America. Who knows when government inaction on trade, deficits, […]
Since our nation’s oil and gas industry has expanded its capacity to produce natural gas in recent years, it only makes sense that we take advantage of this plentiful, clean, and low cost energy resource. It sure sounds like a sensible way to keep the United States an economically competitive place to build and expand […]
Although I’ve been focused on my mom’s care and hospital stay (again at OSU Medical Center last night), I am still paying attention to the political campaigning going on in Ohio as well. Some may be getting tired of the nastiness, particularly coming from the Obama campaign, but am glad to hear Romney and Ryan […]
Some of us try to maintain a positive mindset in this questionable economy and are hoping for a turn in the second half of 2012. Perhaps there are a few others besides me hunting for any good news since the Dow fought off several down days to end the week back up over 13,000. With […]
This morning on CNBC there was a discussion about the long term changes that investors and savers are looking at without the growth potential of the past. We are in a new high debt world and the workforce is growing far slower than in the past. Robert Arnott discussed the expected returns we’ve all been […]
I spend a few hours each day focused on trading and inventing and have been regularly asked about my opinion on buying Facebook stock. My reply has often been that it is a great company and is one of the leaders (if not “thee” leader) in social networking, but Mr. Zuckerberg and Company hasn’t figured […]
When someone who suggests they are a “social liberal” like Barry Sternlicht (Chairman and CEO Starwood Capital Group) mentions that he is concerned regarding the direction the U.S. and Europe are going when it comes to business, capitalism and taxes … it is time to listen. Some excellent commentary comes after the Verizon comments — […]
I heard a short bit on Tuesday from CNBC’s Rick Santelli, the fellow that may have triggered the political movement known as the Tea Party. I wanted to post the video or audio this morning as a way to think about the Fourth of July but ended up side-tracked with powerwashing the front porch, garage […]
There are a few "experiments" happening at the state level in our nation which if talked about might open a few eyes to the benefits of less government as well as more freedom for individuals as the model for our country. Florida Governor Rick Scott (and Governor Perry from Texas by phone) did a pretty […]
After conversing back and forth with a VW TDI friend of mine in a Google+ thread about the 30-40% increase in new car prices, we sort of concluded in a “maybe we’ll buy a used car?” Of course with the higher priced used cars recently (particularly diesels), I’m not so sure that is a good […]
Who can plan for these kinds of increases? “Between 1999 and 2009, tuition at public four-year colleges rose 73 percent on average, and tuition at private nonprofit colleges jumped 34 percent. In the same period, median family income fell by about 7 percent.” Link
CNBC.com Article: Stocks are at their most oversold levels since the doom days of the financial crisis and bound for a rally, according to one measure. Full Story:http://www.cnbc.com/id/47473723 Posted via email from RichC’s posterous
Here are a few more first impressions … well I suppose second impressions … as I start to incorporated the “new to me” Apple iPad 2 in my daily use. One of the additions wanted was a bluetooth keyboard and some kind of case, so added the Kensington KeyFolio Pro2 bluetooth keyboard and folio/case. The small […]
According to Volkswagen (WSJ), the demand for their new American built Passat is showing steady improvement and therefore they’ll will be adding a 3rd shift and 800 new jobs in their Chattanooga Tennessee plant. I’ve commented on the new diesel version Passat previously and found it an excellent mid-sized sedan; with the current high oil […]
Besides trading in an out of the depressed Natural Gas market in the past month, I’ve been pondering how to “eventually” capitalize on what I see as a bottom in the commodity price for NG and a possible upside down the road. How far down the road, who knows? I’ve been doing some reading […]
David Walker is an idea man that speaks as clearly as any in stating our country’s issues and would be a great advisor to any administration lucky enough to add him. His ideas, that “I believe” the majority will agree on, could be a reasonable approach for most of America who elect moderate Democrats or […]
I’m archiving the comments of guest Doug Dechille (First Principles Capital Management LLC) on CNBC’s Squawkbox this week. It gave me pause as our politicians and media debate the capital system which helped grow our country. Dechille brought light to the problems financial institutions have with government involvement and the heavy hand of the Federal […]
There’s must be an easy way for social media users to capitalize on advertising products or companies using social media …hmm? For example, yesterday morning I passively plugged a product by recommending the Volkswagen Passat TDI to Andrew Ross Sorkin, one of the CNBC Squawkbox anchors and NYTimes columnist. He is looking for a safe […]
Governor Mitt Romney soundly defeated Republican challengers in New Hampshire last night and most talking heads have noted desperation from a couple GOP candidates. Both Gingrich and Perry have taken what I would call “cheap shots” at Romney’s “real world” business experience at Bain Capital as well as U.S. based capitalism — a core Republican […]
A real hot button topic is being discussed after the National Transportation Safety Board (NTSB) recommended banning portable electronic devices such as cellphones from being used by drivers of automobiles. Distracted driving is fast becoming the seatbelt or drunk driving issue of the day. As someone who spends a significant amount of time on the […]
After a few flurries and cold temperatures last night, we woke to the first ice on the small lake in front of our house this morning. Brrr … I’m not ready for winter yet. Preparing for Christmas on the other hand, is in full swing as I hauled home a tree last night finishing […]
Great piece by Herb Greenberg on the negative impact of ETFs. From the “markets-are-broken” department: Whenever we talk about the impact of exchange traded funds (ETFs) on the market, the one missing link is quantitative evidence that ETFs (especially the levered ones) are rapidly becoming the monster they weren’t created to be. Read at Proof: […]
I’m watching Google shares after the close (GOOG 558.99 ) jump $40.00 a share reporting earnings of $8.74 a share, up from from $7.64 per share a year ago. Revenue also increased to $7.51 billion from $5.48 billion last year. According to reports, “analysts had expected Google to post earnings of $8.74 per share and […]
Brian “Sully” Sullivan, one of my favorite reporters and business news anchors who is now on CNBC, wrote and interesting post that addressed unemployment, growing the economy and the correct way to increasing tax revenues — “all without spending a dime of taxpayer money.” The point of the article is that of the 14 million […]
I’ve been thinking about the passing of Steve Jobs (February 24, 1955 – October 5, 2011) and realized that there wasn’t enough time to include all I wanted over a lunch hour. First, his innovative vision, business savvy and keen sense of “what customers wanted” have earned him a place in my list of […]
I saw a CNBC interview with Warren Buffett the other day and didn’t realized just how twisted the “tax the rich” ideas had become. I’m not saying that I agree with either Warren Buffett or President Obama’s new tax proposals, BUT I was surprised to have them being reported as nearly one in the same […]
Why we need to reform the tax code and create a structure that attracts business to the United States … a thought from Thomas Falk, CEO of Kimberly Clark this morning on CNBC. https://myarchive.us/av/cnbc_thomasfalk_110920.mp4 A personal note: It was challenging enough to start a business and compete in 1987; doing the same thing today would […]
Like him and his policies or not, it would be great if all politicians were as succinct and committal as Congressman Paul Ryan. His interview on CNBC’s Squawk Box Friday morning after President Obama’s speech was sharp and to the point although respectful toward the president and those holding other ideas. Well worth a listen. […]
I’ve been thinking about the big entitlement (negatively charged word?) issue when it comes to how the U.S. structured our senior citizen’s healthcare and retirement living expenses. Having never really fully understood the cost … and inching closer towards that eventual day … I do recognize while looking at my own health and insurance costs […]
For those wondering what politicians should focus on (jobs) and what individuals should be doing in order to plan for a few years down the road, Jim Mccaughan of Principal Financial Group has a few ideas: James Mccaughan: His thoughts on Friday – 8/19/2011 Brief Biography Mr. James P. McCaughan is President – Principal […]
While listening for updates from the German Chancellor Angela Merkel and French President Nicolas Sarkozy in Paris today, a CNBC guest analyst made the observation that “If all countries were like Germany, Germany would not survive. Germany needs the weaker European countries to export to in order to prosper.” (paraphrased) BTW, no news from the […]
I listened and nodded in agreement to a little optimism this morning in a CNBC interview which paints a slightly different picture as it pertains to the financial health of consumers, US bank and companies. So far today (Dow about 11000 over the lunch hour) this might be making some sense to those who may […]
As I watch the talking heads on CNBC blabber back and forth, their premarket guest politicians covered their bases for the “lite” deal which in reality kicks the can down the road. It is expected that there will be enough votes to pass the small bill … enough to keep the government functioning and bills […]
As the financial markets in the US trade down this morning on lousy economic recovery news (little growth – 1.3% annual rate) and no compromise in Washington DC on the debt ceiling … I’m wondering why politicians can’t find a solution with a country as strong as ours. The far right can’t come together for […]
Although Indiana’s Gov. Mitch Daniels is not running in the the primaries against other GOP candidates, I certainly hope that whoever is nominated looks to Daniels for advice and executive experience. With an economy stifled by excessive bureaucracy and adversarial to business, we need someone with his experience when it comes to putting America back […]
The euro edged higher on Wednesday, supported by expectations that the Greek parliament would vote in favor of an austerity package, though wariness that this would only be a short-term solution to the country’s debt problems limited gains. News Headlines
At age 85, former Federal Reserve Chairman Alan Greenspan talked candidly with the CNBC hosts this morning about the looming “debt ceiling” debate and more importantly our country’s lack of unity in addressing our deficit spending. Interestingly he is currently supporting some increases in taxes as a compromise realizing that in a divided government one […]
I’ve been watching (but not participating) in the initial public offering of Solazyme (SZYM), one of the first algae based biofuel companies to come to the market. Although they haven’t been trading for much more than an hour, the price well well above their $10 target and $19.70 open. As I post this over my […]
I get so frustrated when I hear smart and successful men like John Malone speak and yet very few seem to be listening, particularly those who are in positions to implement change. His comments the other day during a business interview makes complete sense to me; he even offers up a few practical ideas. If […]
Call me a negative Nellie, but one has to wonder if we are really seeing much of an economic recovery? With prices rising, inflation looming (if not already here) and the buying power of the dollar severely weakened over the past year, how will Americans perceive those elected and appointed to guide the United States […]
I heard something similar to my posted title the other day on CNBC, and after hearing that the Federal Reserve will continue to keep interest rates low a bit longer, I’m seeing those concerned about inflation moving even further toward taking off-the-grid survivalist measures. Gold “up” – Silver “up” – Food Commodities “up” – Gun […]
The pain at the pump over high fuel prices will most likely slow the pace of our tepid economic recovery. For Americans fortunate enough to be fully employed, that means spending more dollars on fuel and less in other areas that might have hired a new workers. For businesses that mean a higher cost of […]
There are two opposing mindsets when dealing America’s deficit and correcting America’s struggling economy; it is pretty black and white when it comes to opinions. There’s the liberal Democrats position, expressed by the Nobel Prize winning New York Times columnist Paul Krugman, who recommends dealing with our deficit by raising taxes and continuing to increase […]
As U.S. Congressional representatives sweat over whether to have townhall meetings in their states to talk healthcare during the August recess, I sweat over how to plan financial security for my family’s future, of which health insurance is a part. Years ago it seemed logical to just keep plunking away a few dollars into a […]
Traders saw most stocks fall on Thursday, putting the Dow Jones Industrial Average back on a bear-market closing low track. The financial sector continued to decline and there was little desire by investors to buy equities with the gloomy economic data. The Dow Jones Industrial Average dropped 89.68 points, or 1.2%, to close at 7465.95 […]
The drugstore sector stumbles at the market open on Monday after Walgreen’s (WAG) announced that their profit fell 10 percent in its fiscal first quarter. Traders responded with selling shares even after acknowledging the shortfall was due to “the costs opening more than 200 new store.” The company answered the loss with a plan to […]
Money lending … this wouldn’t be the first time society gets carried away with borrowing more than realistically we can pay back under the terms of a contract — what started it and is there a solution? Was it the Fannie and Freddie backed loans to those without the incomes to borrow during the 1990s? […]