Tuesday, December 3, 2013
Tuesday, October 8, 2013
Friday, September 27, 2013
In the best-case scenario, investors would come to believe that “we have totally incompetent politicians who are unwilling to pay the bills when they are due,” said Michael Obuchowski of North Shore Asset Management.
Read more: Wall Street to GOP: Are you nuts?
I've been having quite a few conversations with reporters about the potential effects of the government shutdown (and related defunding or postponement of Obamacare) or the political inability to raise the debt limit. After the last few years of displaying unbelievable lack of understanding of economy and an incredible inability to negotiate any reasonable agreements, both sides seem to be at a point where neither side believes that they can give in.
It seems to me that at this point in time republican politicians have a lot more to lose and that they painted themselves in to a corner from which there is no easy escape. The unreal non-filibuster filibuster was a perfect example of political desperation. What an incredible waste of time. If Ted Cruz read the entire Obamacare bill then at least it would have been the first time anybody read that entire bill. Instead, the news reports were giving snippets of comments on Dr. Seuss. Asking to filibuster a bill the same politicians voted into law is the same as refusing to lift the debt ceiling limit that is only being breached because of the laws the same politicians voted for. Saying no to everything is a 3 year old's view of the world.
Maybe it is too much to ask, but it would be great for elected politicians to actually focus on something constructive that would help their constituents and the country to prosper into the future. If they voted on something that they now suddenly consider to be bad for the country, a better alternative would be to work on better ideas that the voters could get behind rather than just throwing temper tantrums threatening the economic growth and well being of the same voters.
Thursday, September 26, 2013
Saturday, September 21, 2013
Monday, September 16, 2013
Nothing gets investors more excited than eliminating some uncertainty. Everybody agreed that it would have been an ugly fight for Larry Summers to get confirmed as the next Fed chair. It looks like the current or previous vice chair will be getting the job.
Wednesday, September 11, 2013
Thursday, April 25, 2013
Wednesday, April 24, 2013
I don’t remember ever being that cranky after a quarterly call from an awesome, incredibly profitable company. I think Tim Cook is a great operations guy and he fully deserves to be the COO. Can we please have somebody with balls to become the CEO so Tim Cook can apologize to him/her in private and the real CEO can tell the investors how awesome the company is and manipulate sell side analysts' expectations as one should? Yes, I did just say that. It was hardly an embarrassing quarter for Apple. What made the results embarrassing was the executives' apologetic attitude and complete failure to communicate with the analysts. Somebody please call Greg Maffei for help? His Microsoft quarterly calls should be studied by all public companies. I am sure that he has a big enough ego to run Apple. It seems that it should be a prerequisite in Apple CEO interviews.
That was the most poorly managed quarterly call in some time. Did they waterboard Peter Oppenheimer to follow the apologetic spin? This is unbelievable. Do we really need the reality distortion field to make Apple tick? What happened to the amazing culture that Steve created? Was it really all Steve Jobs? Were they completely blinded by the lawsuits and just lost their focus? Apple sounded nearly like RIM talking about future amazing products sometime in our lifetime (or end of the year, whichever comes first). Maybe they should also change their name to some berry out of respect for fruits? After following Apple for so many years I fell that I am understanding the company less and less.
There are many ways to skin a cat (or peel a fruit for that matter) and that was not how one should do it.
Full disclosure. I own Apple shares personally and for our clients at North Shore Asset Management.
Wednesday, February 27, 2013
Tuesday, October 23, 2012
Thursday, September 13, 2012
Monday, August 20, 2012
Wednesday, July 25, 2012
Tuesday, May 15, 2012
Sunday, April 29, 2012
Figure 1. CBOE SPX Volatility Index. Source: Bloomberg.
A slowdown in the Chinese economy would have also had a negative effect on the US economy. Despite the common perception that US is primarily an importer of Chinese goods, in 2011 China was Unites States’ 3rd largest export market (behind Canada and Mexico) and continued to be the fastest growing one (See Figure 2). Despite the incredible 542% increase in the US exports to China since 2000, the $103.9 billion in 2011 placed the US in 5th place, with only a 7% market share of total imports into China.
Figure 2. US Exports to China since 2000. Source: US Department of Commerce.
Friday, March 9, 2012
Thursday, March 1, 2012
Sunday, February 26, 2012
Sunday, February 19, 2012
Monday, February 13, 2012
Wednesday, February 1, 2012
After mapping which parts of the brain were firing at what rate when different frequencies of sound were played, they were able to identify the words patients were listening to and even reconstruct some of the words by turning the brain waves back into sound based on the computer model they've created.
It is just the beginning, but this research provides directions for work on generating words based on intended speech directly from brain activity. Such development could completely revolutionize augmentative and alternative communication capabilities.
Friday, January 27, 2012
Thursday, January 26, 2012
Wednesday, December 21, 2011
Saturday, December 10, 2011
Gizmodo: The Science of Taste Or: Why Dry-Aged Meat Is So Damned Delicious [Food] http://goo.gl/mag/8w6qB