J.M. Hamilton - Blog
Contact us at:  hamilton.jm1776@yahoo.com
BLOG.JMHAMILTONPUBLISHING.COM: Monthly Archives for April 2011

Full Faith and Credit, Too…

"The real spur has been the Fed-created liquidity that has vastly exceeded any productive use and has instead fueled asset inflation and speculation. And memories are too short to recall that liquidity-driven speculative frenzies tend to end badly."

"Achieving the required economies of scale will be harder for midsize banks than for the global giants. In fact, the report predicts the emergence of a group of 'super-global banks.'"

"He noted wryly at a political fund-raiser last weekend that his poll numbers tend to go up and down with pump prices..."

“Our goal is to end the violence and create an opening for the Syrian people’s legitimate aspirations.”

"According to Reconstructionism, a Christian theocracy under Old Testament law is the best form of government, and a radically libertarian one."

"...Massachusetts is the first state where a Democratic-led chamber has voted to limit bargaining rights."

"The second-largest U.S. oil company, reported a larger-than-expected 36 percent rise in earnings on Friday..."

“I can’t imagine that there’ll be a large punishment for banks because the probe seems to be about delivering information and not about demanding too high prices from clients or price fixing.”

"The sinking dollar is driving people to the gold market."

“We can’t afford to lose reputation -- even a shred of reputation.”

“And the Pakistan government fuels the anti-American public opinion to increase pressure on us.”

"He (Rep. Allen West) was chosen to give the keynote speech in February at the Conservative Political Action Conference, and is frequently featured on the Fox News Channel..."

"Revenue from Microsoft’s entertainment and devices, which includes the Xbox 360 video game console and the innovative Kinect game controller that interprets gestures and voice commands, gained 60 percent, to $1.94 billion."

"India has tripled its defense budget over the past decade to $32 billion this year, the world’s 10th-largest, as it tries to counter a quadrupling of spending in the same period by neighboring China."

“You have to live underneath a rock not to know that the iPad has taken share from the netbook.”

"Microsoft stock is now trading at 9.6 times expected earnings for the next 12 months."

“Buffett was on an unrealistically high pedestal to begin with,” Alice Schroeder, the author of an authorized biography of Mr. Buffett, said. “A lot of Berkshire’s business advantage came from that mystique.”

"Each case involves two collateralized debt obligations — bundles of mortgage bonds — called Triaxx that were worth $7.7 billion."

"Exxon Mobil, the largest American oil company, said net income rose 69 percent to $10.7 billion, or $2.14 a share, in the first three months of this year..."

"Wells Fargo is unloved, unwanted, save by a few brave souls of which Morgan Stanley figures prominently."

"Printing money can't create prosperity."

"The economy grew at a 1.8 percent annual rate in the first three months of the year, down from a 3.1 percent pace in the fourth quarter..."

"The 50 states and the Justice Department seek to set requirements for how banks service loans and conduct home foreclosures."

“The question is, will that same story be told by our children and grandchildren?” the president asked.

"The result is that American military and intelligence operatives are at times virtually indistinguishable from each other as they carry out classified operations in the Middle East and Central Asia."

“Customers from all over the world are waiting.”

"The pace of improvement is still quite slow and we are digging ourselves out of a very, very deep hole," Bernanke said.

"I think Mr. Sokol has a real problem here," said Duke University Law Professor James Cox. "This is not a close call at all."

Baltic Dry Index (Blue) and Crude Oil (Red)....

Consumer Confidence...

"Fed Chairman Ben Bernanke has credited QE2's effect on asset prices, but has denied the connection with the bull run in commodities, which is most visible in $4 a gallon gasoline. The boon to investors and speculators has been the bane of consumers."

$20 Million in Tier 1 Capital, Per Firm, Versus A $600 Trillion Swaps Market...

“If it’s from contaminated water leaking from inside the reactor, Tepco’s so-called water tomb may be jeopardized because flooding the containment vessel will result in more radiation in the building.”

“Panetta has credibility with the harder-edge military guys, but they have also committed to themselves to the $400 billion in cuts.”

"Voting 5-4 along ideological lines..."

“They are keeping location data and the statement is a little misleading on that point.”

“The fact that two separate networks are involved in this security breach suggests Sony discovered a major underlying problem that already existed.”

"...Representative Paul D. Ryan, the architect of the Republican budget proposal, faced a packed town meeting, occasional boos and a skeptical audience..."

"Forming an exploratory committee allows Paul to raise campaign cash while he tests the political waters."

Could you imagine Wall Street Banks Taking Similar Responsibility?

"Investigators may take months or years to decide to what extent safety problems or weak regulation contributed to the disaster at Daiichi, the worst of its kind since Chernobyl."

"The electronics conglomerate is the latest Japanese company to come under fire for not disclosing bad news quickly."

Boehner said in an ABC News interview: "We're in a time when the federal government's short on revenues. They ought to be paying their fair share."

Goldman Alum to Run ECB...

"Some of the most high-profile Tea Party candidates in 2010 did not fare so well in the general election."

Geithner said: “What’s happening in oil is obviously potentially very significant. At current levels, on its own, it won’t put the recovery at risk.”

“People with a higher income can go buy another house,”Cogburn said in a telephone interview. “You’ve got to cut your losses at some point, just like with a stock.”

"Pretax pre-provision profits, which exclude taxes, loan-loss provisions and one-time items and are considered a better gauge of profitability than earnings, slid 40.2 percent."

Recent Insider Activity...

"Some security specialists said they believed Apple was not tracking people, but rather collecting data to update its location databases, since Wi-Fi networks can quickly come and go."

“Asia is home to two-thirds of the world’s poor."

WSJ: Global Inflation...

"Without cooling, nuclear reactors are like giant kettles left to boil. Water covering the fuel rods inside begins to turn to steam, exposing the rods that melt and emit radiation upon contact with air."

"A senior Libyan government official said Monday that the strike knocked state television off the air for about half an hour."

"GE spokesman Rick Kennedy said the engine team was 'deeply disappointed' by the notice and 'will work closely with our congressional supporters during the fiscal 2012 budget process' to restore funding."

“The government has decided to choose the path of violence and repression, without willing to compromise.”

"This is a sharp change from a few years ago, when foreign banks piled into the country and expectations for quick growth in retail banking were high."

“Mr. Gupta’s 40-year record of ethical conduct, integrity and commitment to guarding his clients’ confidences is beyond reproach.”

“Bashar knows what the regime is built on: fear and patronage. And the fear is gone now.”

“They (the Boy Scouts) hid the problem,” Paul Mones, a lawyer for Mr. Lewis, said in closing arguments on Thursday, “and by hiding the problem, more abuse happened.”

"Term structure is sloping higher, which is normal, but it is particularly steep these days, and that reflects growing fear of the stock market."

"The EU should be working on rescheduling debt now and doing what it can to encourage private investors to participate, he adds."

"This is war and sides must be taken: Barbie stands for good. All others stand for evil." --- "Well, 'evil' won yesterday, big-time. A jury awarded MGA $88.5 million in damages..."

"A vocal group of critics, meanwhile, argues that the Fed has already done far too much, amassing a portfolio of more than $2 trillion that may impede the central bank’s ability to raise interest rates to curb inflation."

"Ali Abdullah Saleh, said Saturday that he accepted a proposal by Arab mediators that would shift power to his deputy 30 days from the signing of a formal agreement and grant him and his family... immunity from prosecution."

"The case took a turn in late 2009, as the Vermont family court, citing Ms. Miller’s noncompliance, shifted primary custody to Ms. Jenkins."

“Get the Frack Out of Here”

"'Oversupplied' with oil is the way he put it..." - the Saudi oil minister, Ali al Naimi.

"'President Ronald Reagan acceded very quickly,' says Shapiro. The Republican president signed tax increases into law in 1982, 1983, 1984 and 1985."

“No risk,” Geithner said.

"Four out of 10 sales of existing homes are foreclosures or otherwise distressed properties."

"In 2007, Mr. Salem sold off separate stakes in the company to a Thai firm and to a partnership headed by Sam Zell, the American real estate tycoon."

“Samsung is responding actively to the legal action taken against us in order to protect our intellectual property and to ensure our continued innovation and growth in the mobile communications business.”

"Corporate cloud computing is expected to grow rapidly, by more than 25 percent a year, to $55.5 billion by 2014, IDC estimates."

"Our industrial-control systems are very, very vulnerable to attack and the security we have installed today is insufficient to protect us," Baker said.

APRIL IS CHILD ABUSE PREVENTION MONTH...

"But with 70 percent of poll respondents saying that the country was heading in the wrong direction..."

“Thank God for cross-examination.”

"Mr. Gorman has been weighed down by a number of issues, many of which he inherited."

"The chief executive of G.E., Jeffrey R. Immelt, said in a statement that the company had emerged from the recession a stronger company."

A REPUTATION IS A TERRIBLE THING TO WASTE...

“The dollar is getting hammered again and all the commodities are flying.”

"It is highly unusual for the federal government to seek to reverse a corporate decision as important as the location of plant."

"While the obstacles are not yet sufficiently serious to derail the ongoing recovery, only a fool would gloss over them."

CIGARS!

“Our position has been that principal reductions are one tool in the toolbox, and should only be used in appropriate circumstances.”

"In a research note published Friday, Goldman Sachs forecast a gold futures price of $1,690 an ounce in 12 months’ time, driven primarily by the assumption that the Federal Reserve’s continued stimulus policy..."

"He mocked the defense’s argument that Mr. Rajaratnam only traded on news articles, analyst reports and news releases." “Absurd,” he said.

Your Apple Product is STALKING You!!! "A hidden file on the Apple iPhone 4 and iPad 3G has been found to store location information."

“People don’t trust the regime anymore.”

Europe Unleashed... ?

A Year Ago Today...

BP SPILL: “It’s really disheartening to see this vulnerable population being taken advantage of time and time again.”

Derivatives Reg: "By singling out AIG, the commission has all but cemented its case for carte blanche in reforming margin requirements for swaps."

"Gold has climbed 32 percent in the past year, and silver prices have more than doubled."

"'We recently determined that private-equity investments were not strategically critical to our business going forward,' said Jerry Dubrowski, a Bank of America spokesman..."

"For the quarter, Goldman set aside $5.23 billion in compensation, down 5 percent from the period a year earlier. This represents almost 44 percent of the bank’s net revenue..."

"Mr. Kirby’s lawsuit also names as defendants other members of the Berkshire board, including Bill Gates, the chairman of Microsoft, and Stephen Burke, the chief executive of NBC Universal."

"NYSE Euronext said in a statement that it is reviewing the Nasdaq-ICE offer."

Calendar

Recent Posts

  1. The former GMAC unit wiped out the holdings of KKR and Goldman Sachs, but now it looks like a decent liquidation play.
    Wednesday, May 30, 2012
  2. “The reality of it is the market got oversold,” Mr. Pride of Glenmede said.
    Wednesday, May 30, 2012
  3. "Right now the underlying job growth in the U.S. is somewhere between 175,000 and 200,000 per month. That is an economy that is doing good, but not great."
    Wednesday, May 30, 2012
  4. For now, RIM’s market share has been plummeting. The company’s piece of the global smartphone industry fell by more than half to 6.4 percent last quarter
    Wednesday, May 30, 2012
  5. RIM didn't provide specific guidance for the quarter, which ends on June 2.
    Wednesday, May 30, 2012
  6. But opposition is significant, particularly in Europe, from groups concerned about the risks of water contamination, earth tremors or the release of greenhouse gases.
    Wednesday, May 30, 2012
  7. “This virus copies what you enter on your keyboard, it monitors what you see on your computer screen,” Mr. Napelian said in a telephone interview.
    Wednesday, May 30, 2012
  8. "Japanese companies feel they have no choice but to battle it out overseas," says Yasuhiro Sato
    Wednesday, May 30, 2012
  9. Perhaps you never subscribed to Fangoria, or only infrequently grabbed a copy on the newsstand.
    Wednesday, May 30, 2012
  10. In November last year, he was briefly placed under house arrest to prevent him from attending a goodbye party he organized for his million-dollar studio in Shanghai after police ordered it demolished.
    Wednesday, May 30, 2012
Blog Software