| Money Talk|| Great Explanation of Yesterday's Market Sell-Off - RedStickBR on 3/14/14 at 8:20 am|
Wall Street Journal: Tensions in Ukraine and the Crimean peninsula
Yahoo Finance: Russians
Fox Business: Obamacare
CNBC: It didn’t sell off at all, it was actually a reverse rally
Forbes: Taxes are too high
Huffington Post: Taxes are too low
Fox News: Gay marriage
Motley Fool: Sign ...
| Money Talk|| BP Finds a Way to Skirt the U.S. Crude Oil Export Ban ... - RedStickBR on 3/6/14 at 6:59 am|
... by lightly "ruffling" crude hydrocarbons by the minimal amount necessary to classify them as "refined."
In so doing, it will take up 80% of a Kinder Morgan mini-plant in Houston, with Valero and Phillips 66 expressing interest in similar plants.
| Money Talk|| Good Read on Procyclical Nature of Real Estate Market - RedStickBR on 3/5/14 at 4:46 pm|
From the Philly Fed:
| Political Talk|| Budget deficit falls at sharpest pace since WW2 - RedStickBR on 2/28/14 at 8:10 am|
[quote]The budget deficit dropped to the lowest level since 2008 last year, falling to $680B from $1.1T in 2012. The rate of the drop was the sharpest since the end of World War II.
As a proportion of GDP, the deficit was 4.1%, down from a peak of 10% during the depths of the Great Recession.
| Political Talk|| A perfectly relevant question for Rand to ask Hillary ... - RedStickBR on 2/14/14 at 1:30 pm|
"Mrs. Clinton, given your husband had sex with a college-aged girl on the clock and in the office, facts that would likely constitute a strong presumption of sexual harassment in any corporate environment in America, if President, what policies would you put into place to prevent sexual harassment i...
| Political Talk|| The Math behind Mulligan's ObamaCare Exposé - RedStickBR on 2/12/14 at 8:46 am|
This is pretty interesting, and it's nice for him to provide this level of transparency to the general public (i.e. the people who don't read his actual papers).
| Political Talk|| Regarding "Job Lock" and the Benefits of the ACA - RedStickBR on 2/9/14 at 9:54 am|
Why wasn't this issue raised when the CBO projected the loss of 800k jobs, but it's now the official mantra from the left now that the CBO projects some 2.3M jobs lost?
Are people so stupid not to realize this is a concerted effort to cover the collective liberal ass?...
| Political Talk|| The Economist who Exposed ObamaCare - RedStickBR on 2/8/14 at 8:42 am|
Great read, and the man deserves props:
| Political Talk|| Who do Democrats want in 2016? Who do Independents want in 2016? - RedStickBR on 1/30/14 at 11:26 am|
Is Hillary a shoe-in?
Do Independents like anyone so far (maybe Hillary; maybe Paul)?
It's odd that only Republicans are being talked about. The esteemed Hillary Clinton needs no vetting, too?
Has the press still not learned their lesson from the Obama fiasco?...
| O-T Lounge|| Just caught my fiancé cheating in Words With Friends? - RedStickBR on 1/1/14 at 2:57 pm|
After playing a word I'm sure she didn't know and that didn't seem to be a lucky guess after questioning her, I noticed an app on her phone called "The Word Finder." Sure enough, upon opening it, the most recent search contained all the letters she used to form the word in question.
| Political Talk|| ObamaCare/FDA Requiring Vending Machines to Display Calorie Counts - RedStickBR on 12/31/13 at 8:24 am|
On the one hand, the average American is increasingly being characterized as an unhealthy, low-information type who could benefit from greater disclosures regarding the food he intakes. Over time, constantly seeing calor...
| Political Talk|| Some Humor in the Consumer Confidence Number this Morning - RedStickBR on 11/26/13 at 9:23 am|
Oct. Consumer Confidence was 72.4. Economists polled were expecting an uptick to 72.9 in this morning's Nov. report. After all, we had a government shutdown in the prior month, how could consumers possibly not be a bit more optimistic now that the government is back up and running, right?
| Political Talk|| Why is it "extreme" when Republicans become more conservative ... - RedStickBR on 11/20/13 at 10:27 am|
... yet we don't hear a damn peep about the progressive takeover of the Democractic Party by the Howard Deans of the world that's all but come to exclude many of the Democrats' more moderate members?
Why is it bad when Republicans do it but just damn fine and dandy when Democrats do it? Why is it...
| O-T Lounge|| Steven Seagal is a Deputy Sheriff in Jefferson Parish? - RedStickBR on 11/17/13 at 6:40 pm|
I'm just finding out about this. Why in the hell would he want to do this?...
| Political Talk|| Landrieu, Manchin, Shaheen Ought to Just Call a Spade a Spade - RedStickBR on 11/15/13 at 6:52 am|
Any extension of the individual mandate and this thing's a duck on the water. And every Republican's going to be carrying a shotgun come November, 2014.
If the young and healthy don't sign up, ObamaCare will not work. Giving them a longer period of time to sign up ensures they won't sign up for a...
| Political Talk|| An Elegant Display of Comedy (re: Obamacare; Liberals, You Are Warned) - RedStickBR on 11/14/13 at 10:22 am|
The left probably won't like this article. But it's not meant to be taken entirely seriously, in my opinion.
If a leftist can come to that understanding, I think he/she will be able to squeeze out a laugh or two here.
People in the middle/on the right will likely enjoy it regardless.
| Money Talk|| Looks Like Gross Has Made His (Relatively) Near-Term Interest Rate Bets - RedStickBR on 11/14/13 at 7:16 am|
Following up from the Goldman commentary speculating an eventual Fed taper will be accompanied by maintenance of ZIRP, I found this interesting. Basically in-line with Benny's thoughts on the topic:
| Political Talk|| Good Critique of QE from Someone Formerly Charged with Carrying it Out - RedStickBR on 11/12/13 at 9:25 am|
The merits of QE can be debated. I'm not necessarily endorsing the views espoused here. Nor am I necessarily in disagreement with them. I just think it's an interesting read.
| Political Talk|| Krugman Touts Paper I've Mentioned Here a Few Times - RedStickBR on 11/12/13 at 9:17 am|
The paper details how long-term unemployment has caused sustaining negative impacts to our economy's productive capacity.
Krugman writes an article on the paper ...
... yet he completely fails to even entertain the very valid theory that one such cause of this persistent long-term unemployment...
| Political Talk|| Best quote I've seen yet on the scramble to fix ObamaCare.gov - RedStickBR on 11/12/13 at 7:48 am|
As was mentioned in the thread yesterday comparing ObamaCare to WW2, having more people is not necessarily better, particularly when it comes to things like writing code. So when the administration says things will be fixed now that they've hauled a bunch of people from Silicon Valley over to get to...
| Money Talk|| Lawyer Board: Who is (are) the rightful heir(s)? - RedStickBR on 11/11/13 at 3:36 pm|
Thanks for the responses :cheers:...
| Political Talk|| Obama Approval Hits All-Time Low in RCP Average - RedStickBR on 11/11/13 at 9:34 am|
Now at 42.0, worse than the prior low of 42.3 on October 7, 2011.
Meanwhile, his current disapproval rating of 53.0 looks poised to test the August 31, 2011, high of 53.2.
It's good to see that his going ag...
| Movie/TV Board|| You Kill Me (2007) - RedStickBR on 11/10/13 at 8:31 pm|
I don't watch many comedies but thought this one was fantastic. The mob and AA sub-plots make for an interesting backdrop....
| Political Talk|| Econ Friday - RedStickBR on 11/8/13 at 6:59 am|
Non-farm payrolls, Unemployment (U3), Underemployment (U6), Average Hourly Earnings, Personal Income, Personal Spending, Consumer Confidence all today.
And Oxford, MS, is moving up in the world. Atlanta Fed's Lockhart to speak there today....
| Political Talk|| Employer-Provided Plan? Pfft. Grab Your Ankles, Too. - RedStickBR on 11/7/13 at 9:06 pm|
The list of people Obama's lie impacts continues to grow. First, the administration said 95% not impacted. Then, 80%. Now, even those with employer-provided plans will see their current plans change as a result of ObamaCare.
| Political Talk|| Lots of Economic Data Today - RedStickBR on 11/7/13 at 6:36 am|
All at 8:30ET
3Q GDP (consensus: 2.0% annualized growth; down from 2.5% annualized growth in 2Q; that said, there's some shutdown impact in there so the data is messy)
Jobless Claims (consensus: 335k, an improvement from the prior period's 340k)
Household Spending (consensus: 1.6% annualize...
| Money Talk|| ZIRP to potentially remain in effect through 2017 - RedStickBR on 11/6/13 at 6:37 am|
So says Goldman ... and in exchange for QE, thereby increasing the chances of a December taper.
[quote]The big market mover today was Goldman Sachs’ call that Fed policy may be set to shift. The crux of the forecast is that the Fed will likely lower the Unemployment Rate threshold necessary to e...
| Political Talk|| The ObamaCare Speech Obama Never Gave - RedStickBR on 11/5/13 at 7:36 am|
Amusing ... largely because it feels weird even pretending we'd ever get this level of honesty from a Washington politician.
| Political Talk|| The 65+ Crowd Wrongfully Portrayed as Poor, Sickly, Helpless ... - RedStickBR on 11/4/13 at 10:25 am|
... argues new study by the Federal Reserve Bank of St. Louis. In contrast to the Great Depression-esque characterization of the elderly class in America, they are comparatively more wealthy, have seen incomes rise, and still have as many as 19 years of average life expectancy left.
The study goe...
| Political Talk|| Obama Disapproval Rating Making "New Two-Year Highs" - RedStickBR on 10/30/13 at 3:08 pm|
If he were a portfolio manager, he'd be fired for failing to diversify his investments, horrible investment selection, and a massive expense ratio.
Let this be a lesson to our elected leaders. You should try t...