Accompanying Laffer's and Moore's thesis about taxes and migration in the WSJ is an interview with demographer Joel Kotkin about California, which has lost nearly 4M people in 20 years. Kotkin blames high taxes, real-estate prices - due to restrictions - and energy costs, due to green policies that also preclude the development of 25B barrels of shale oil. [View news story]
Accompanying Laffer's and Moore's thesis about taxes and migration in the WSJ is an interview with demographer Joel Kotkin about California, which has lost nearly 4M people in 20 years. Kotkin blames high taxes, real-estate prices - due to restrictions - and energy costs, due to green policies that also preclude the development of 25B barrels of shale oil. [View news story]
HH, Try to convince Tim Cook and Mark Zuckerberg that Alabama would be a better place for their respective business. HQs.
The nominal price of natural gas dipped below $2 to the lowest price in 10 years, but adjusted for inflation, the price has fallen below its 1994 level. It might be the lowest price ever, suggests Mark Perry, but the EIA's price series only goes back to 1994. [View news story]
What does that have to do with the price of natgas?
"Boy, do I feel like an idiot" for thinking Pres. Obama was listening to popular anger against Wall Street, Matt Taibbi writes in railing against the JOBS Act, which "will very nearly legalize fraud in the stock market... it will invite a replay of the disastrous tech-stock bubble of the late 90s [that was] made possible by a historic collapse in accounting standards." [View news story]
But that fraud squad would still be made up of government employees! Better to leave the fox in charge of the henhouse. Caveat emptor - nver forget, caveat emptor!
Decrying Goldman Sachs' (GS) "rip your eyeballs out" capitalism following Greg Smith's "shot heard round the world," Joe Nocera writes in the NYT that Lloyd Blankfein should look at the "moral capitalism" of Howard Schultz, who will this week make a speech linking Starbucks'(SBUX) record profits with its larger societal role. "The value of your company is driven by your company’s values," Schultz plans to say. [View news story]
Precious metals continue a decline that picked up steam when the positive results of the Fed stress tests began to leak out. It's hard to imagine QE3 coming about if the Fed believes a depression could hit and banks would still be solid enough to return capital to investors. Gold -2.1% to $1,659. Silver -1.1% to $33.19. [View news story]
We need to stop worrying about every little correction in the stock market and more about jobs, says Ken Langone. He says unemployment is higher than the official rate of 8.3% because of the many people who have given up looking. If included, the unemployment rate could be as high as 13%. We have hardcore unemployment in America, Langone says, "What do you do about that?" [View news story]
The United Steelworkers union last night warned of the increasing chance of a strike on Wednesday by refinery workers in one or more locations if there's no progress in contract talks for a new three-year deal. The unions have expressed concern about safety protections for workers. [View news story]
Does that make any less sense than another big bonus for the boss in honor of his golf-course prowess?
Stock markets have already digested a significant amount of very bad news, so there's no reason to fear an impending collapse, says Marc Faber. A rare turn for the uber-bear, who's know for his dire predictions. "My view is simply: relax." We have major support going back to August 2010, and even if the S&P does manage to drop, the Fed will just step in with another round of quantitative easing. [View news story]
Only when he turns bullish - when he's bearish, he's brilliantly insightful.
Stock markets have already digested a significant amount of very bad news, so there's no reason to fear an impending collapse, says Marc Faber. A rare turn for the uber-bear, who's know for his dire predictions. "My view is simply: relax." We have major support going back to August 2010, and even if the S&P does manage to drop, the Fed will just step in with another round of quantitative easing. [View news story]
Stock markets have already digested a significant amount of very bad news, so there's no reason to fear an impending collapse, says Marc Faber. A rare turn for the uber-bear, who's know for his dire predictions. "My view is simply: relax." We have major support going back to August 2010, and even if the S&P does manage to drop, the Fed will just step in with another round of quantitative easing. [View news story]
Why Do Corporations Hold So Much Cash? [View article]
"One thing that can help is if the Federal Reserve offers small low rate loans through a program through banks or directly to businesses." That would imply that the hated, incompetent Fed can help! Please explain further, so that the Paulites and the Randians will understand.
Why Do Corporations Hold So Much Cash? [View article]
"Executives are most concerned about prospects for growth; finding and hiring the right talent..." Care to elaborate? Does that mean that the right talent might realize that its value is increasing and raise its price? "...optimizing costs; innovating..." Don't these tend to be mutually exclusive? Doesn't innovation cost money?
"2012 will give us the tightest year of apartment vacancies in recorded history," writes Karl Smith. The ensuing higher rents are obviously a boon to single-family housing as buying becomes cheaper than renting, but Smith sees the chance of a "transformative boom" in multifamily building that will not only charge the economic recovery, but alter the look of our cities. [View news story]
In Seattle, I doubt they'll allow anything other than dense development.
"2012 will give us the tightest year of apartment vacancies in recorded history," writes Karl Smith. The ensuing higher rents are obviously a boon to single-family housing as buying becomes cheaper than renting, but Smith sees the chance of a "transformative boom" in multifamily building that will not only charge the economic recovery, but alter the look of our cities. [View news story]
Oh, but think how much happier you'll be in the cardboard box under the crumbling bridge!
Accompanying Laffer's and Moore's thesis about taxes and migration in the WSJ is an interview with demographer Joel Kotkin about California, which has lost nearly 4M people in 20 years. Kotkin blames high taxes, real-estate prices - due to restrictions - and energy costs, due to green policies that also preclude the development of 25B barrels of shale oil. [View news story]
Low corporate taxes.
Accompanying Laffer's and Moore's thesis about taxes and migration in the WSJ is an interview with demographer Joel Kotkin about California, which has lost nearly 4M people in 20 years. Kotkin blames high taxes, real-estate prices - due to restrictions - and energy costs, due to green policies that also preclude the development of 25B barrels of shale oil. [View news story]
Try to convince Tim Cook and Mark Zuckerberg that Alabama would be a better place for their respective business. HQs.
The nominal price of natural gas dipped below $2 to the lowest price in 10 years, but adjusted for inflation, the price has fallen below its 1994 level. It might be the lowest price ever, suggests Mark Perry, but the EIA's price series only goes back to 1994. [View news story]
"Boy, do I feel like an idiot" for thinking Pres. Obama was listening to popular anger against Wall Street, Matt Taibbi writes in railing against the JOBS Act, which "will very nearly legalize fraud in the stock market... it will invite a replay of the disastrous tech-stock bubble of the late 90s [that was] made possible by a historic collapse in accounting standards." [View news story]
Decrying Goldman Sachs' (GS) "rip your eyeballs out" capitalism following Greg Smith's "shot heard round the world," Joe Nocera writes in the NYT that Lloyd Blankfein should look at the "moral capitalism" of Howard Schultz, who will this week make a speech linking Starbucks'(SBUX) record profits with its larger societal role. "The value of your company is driven by your company’s values," Schultz plans to say. [View news story]
I gather then that you're short SBUX?
Precious metals continue a decline that picked up steam when the positive results of the Fed stress tests began to leak out. It's hard to imagine QE3 coming about if the Fed believes a depression could hit and banks would still be solid enough to return capital to investors. Gold -2.1% to $1,659. Silver -1.1% to $33.19. [View news story]
We need to stop worrying about every little correction in the stock market and more about jobs, says Ken Langone. He says unemployment is higher than the official rate of 8.3% because of the many people who have given up looking. If included, the unemployment rate could be as high as 13%. We have hardcore unemployment in America, Langone says, "What do you do about that?" [View news story]
The United Steelworkers union last night warned of the increasing chance of a strike on Wednesday by refinery workers in one or more locations if there's no progress in contract talks for a new three-year deal. The unions have expressed concern about safety protections for workers. [View news story]
Stock markets have already digested a significant amount of very bad news, so there's no reason to fear an impending collapse, says Marc Faber. A rare turn for the uber-bear, who's know for his dire predictions. "My view is simply: relax." We have major support going back to August 2010, and even if the S&P does manage to drop, the Fed will just step in with another round of quantitative easing. [View news story]
Stock markets have already digested a significant amount of very bad news, so there's no reason to fear an impending collapse, says Marc Faber. A rare turn for the uber-bear, who's know for his dire predictions. "My view is simply: relax." We have major support going back to August 2010, and even if the S&P does manage to drop, the Fed will just step in with another round of quantitative easing. [View news story]
Stock markets have already digested a significant amount of very bad news, so there's no reason to fear an impending collapse, says Marc Faber. A rare turn for the uber-bear, who's know for his dire predictions. "My view is simply: relax." We have major support going back to August 2010, and even if the S&P does manage to drop, the Fed will just step in with another round of quantitative easing. [View news story]
Why Do Corporations Hold So Much Cash? [View article]
That would imply that the hated, incompetent Fed can help! Please explain further, so that the Paulites and the Randians will understand.
Why Do Corporations Hold So Much Cash? [View article]
Care to elaborate? Does that mean that the right talent might realize that its value is increasing and raise its price?
"...optimizing costs; innovating..."
Don't these tend to be mutually exclusive? Doesn't innovation cost money?
"2012 will give us the tightest year of apartment vacancies in recorded history," writes Karl Smith. The ensuing higher rents are obviously a boon to single-family housing as buying becomes cheaper than renting, but Smith sees the chance of a "transformative boom" in multifamily building that will not only charge the economic recovery, but alter the look of our cities. [View news story]
"2012 will give us the tightest year of apartment vacancies in recorded history," writes Karl Smith. The ensuing higher rents are obviously a boon to single-family housing as buying becomes cheaper than renting, but Smith sees the chance of a "transformative boom" in multifamily building that will not only charge the economic recovery, but alter the look of our cities. [View news story]