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Here's Who Gets Slammed If The US Goes Off The Fiscal Cliff [Maps]
Much of the discussion about fixing the fiscal cliff has been at the abstract level: the need to cut federal spending by $2.5 trillion and raise $1.6 trillion in revenue over the next decade.But those...
View ArticleApple’s Big Day
Apple confirmed its Friday hammer panic bottom with a $38 plus move higher, closing up 7.21 percent on the day. Nice!How big was the move? BIG!Apple’s $35.8 billion market cap increase on the day is...
View ArticleDebt Doomers and Deficit Deniers
Fear not, Twinkie lovers… your beloved snack may survive… news of the twinkie’s demise (via Hostess liquidation) created such a stir of pent-up demand, it’s possible the spongy yellow snack could...
View ArticleCliff Diving – Day 6
No politician, no cry.The President is out of country and Congress is not in session. Though Speaker Boehner tweeted a cheeky remark about where’s the President’s spending cuts, all was quiet at the...
View ArticleMoody's Cuts French Rating, Matches S&P
In what is really a dog-bites-man story, Moody's cut the French sovereign rating to AA1 from AAA, matching what S&P did at the start of the year. The market reaction--taking the euro down from...
View ArticleDaily ETF Roundup: Bargain Shopping Euphoria Sparks Rally
Bargain shoppers finally stepped in after a long week of profit-taking pressures on Wall Street. Major equity indexes soared into green territory as investors rejoiced over renewed optimism that a deal...
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Why Heavily Taxing The Rich Doesn't Work
It’s strange when you think about it.Not only is President Obama pushing the largest round of tax hikes in almost a generation, but those increases would come during the most anemic economic expansion...
View ArticlePeople’s Bank of China injects RMB114 billion of liquidity in open market...
People’s Bank of China continues with the routine twice-a-day open market operation, injecting a total of RMB114 billion of liquidity into the system.Today’s operation includes RMB69 billion of 7-day...
View ArticleQuote of the Day: Government Intervention
..in complex systems, we should limit government (and other) interventions to important matters: The state should be there for emergency-room surgery, not nanny-style maintenance and overmedication of...
View ArticleSolar Companies Seek Ways to Build an Oasis of Electricity
"In the Rockaways, where nearly 14,000 customers still had no power as of Monday morning, volunteers set up a makeshift solar charging station between a car roof and a shopping cart. A multipanel,...
View ArticleGreening Energy & Reducing Costs (The Perfect Marriage) with Rust
“Using the power of the sun and ultrathin films of iron oxide (commonly known as rust), researchers at the Technion, Israel’s Institute of Technology, have found a novel way to split water molecules to...
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CITI: Gold Could Rise Up To 15% Per Year
Gold is flat today and appears to be consolidating on yesterday’s gains. Conflict in the Middle East and Moody’s downgrade of France’s AAA rating will support gold. Indeed, the Moody’s downgrade of...
View ArticleSelf-taught African Teen Wows M.I.T
"15-Year-Old Kelvin Doe is an engineering whiz living in Sierra Leone who scours the trash bins for spare parts, which he uses to build batteries, generators and transmitters. Completely self-taught,...
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Where Was HP’s Management When The Autonomy Deal Was Being Done?
When a company reports a loss per share of $6.41, or roughly half its own stock price, thanks in good measure to the write-off of most of the book value of a $10 billion acquisition that closed barely...
View ArticleSolar Leaders Pull Away From The Pack
"As system installed costs become competitive with retail electricity rates and new markets develop, these companies may be well positioned for more sustainable and profitable growth. As we watch this...
View ArticleGold: An Independent Money
The current system of money and banking is, inherently, a system based on inflation and endless expansion of the money supply. But this wasn’t always so…Until recently (relatively speaking) the world’s...
View ArticleClimate Change: The Standard Fixes Don’t Work
World leaders seem to have their minds made up regarding what will fix world CO2 emissions problems. Their list includes taxes on gasoline consumption, more general carbon taxes, cap and trade...
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We Are In The Third Stage Of The 5 Stages Of Fiscal Cliff Grief
While there are other issues investors are grappling with—such as increasing tensions in the Middle East, meager prospects for earnings growth, and the return to recession in Europe after only three...
View ArticlePatriotic Millionaires Unmasked
By: Peter Schiff Tuesday, November 20, 2012Despite the breathless post-election “think pieces” that have drawn sweeping and deeply considered conclusions about the political drift of the country, at...
View ArticleHewlett Packard Shoots Their Other Foot
Hewlett Packard (HPQ), a company that is earning records for large and expensive strategic errors, plummeted to new depths of incompetence today with their $8.8 BN write down of Autonomy, a software...
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