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    If you have T-Mobile, Get Unlimited Home Phone Service for $10/month

    Starts July 2nd nationally. You have to have broadband. The modem they send you can use sim cards. Must be on a $40 and up wireless plan. http://www.t-mobileathome.com/
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    Warren Buffet Just Endorsed Barack Obama on Bloomberg & Will Fundraise For Him

    Yes, Buffet is absolutely radical. I think he's on par with Malcolm X. Not. If you actually look at Buffet and the way he lives his life, there's a lot of lessons for America to better itself in there: save more, consume less (don't run deficits), don't be an ego maniac, be humble, be...
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    Michael Masters (Hedgie) says Oil Market hijacked by gamblers and pumpers

    I'm going to go long oil, then send nasty letters to Royal Dutch Shell, trash talking their Nigeria Delta pipeline.
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    Tomorrow FOMC meeting

    Ron Insana is an idiot. I only turned CNBC on to see some insanity to inject some excitement into this (Bloomberg is understated and professional) and CNBC never disappoints. Where's Jim Cramer, macroeconomist par excellence?
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    Buffett feels horny today?

    Buffet liberal? You're a funny guy. He's saturated with common sense.
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    Warren Buffet Just Endorsed Barack Obama on Bloomberg & Will Fundraise For Him

    Pretty strong endorsement. He also is holding a ginormous fund raising dinner for him in three week. I wonder how many BSDs on Wall Street will follow? With Obama leading McCain by 15% this close to November, and with some heavy hitters in the biz/financial community lining up behind...
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    Tomorrow FOMC meeting

    No rate decrease or increase, accompanied by very hawkish fed speak, and at least two (maybe three) strong dissents arguing for a 25 basis increase. Dollar will rise, commodities will fall. That's my story and I'm sticking to it. Too many ex wise men of the fed reserve are harping on...
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    Michael Masters (Hedgie) says Oil Market hijacked by gamblers and pumpers

    The correct answer, Alex, is that Michael Master's is absolutely correct.
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    Sowing the seeds of demand destruction

    What karl said, plus - http://www.elitetrader.com/vb/showthread.php?s=&threadid=129756 "As of yesterday, 320M of the 370M barrels that were "needed" on the NYMEX for July delivery were cancelled ahead of today’s contract expiration. Those "needs" were rolled into August (300Mb), Sept...
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    "One of History's Greatest Financial Crises"

    Whether you like him or not, Krugman nailed this one. Nailed it. Look at the date he wrote this, and what has happened since. Before you say "but things were looking gloomy," there were a ton of analysts screaming buy the financials and banks back in February and March. They were screaming...
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    Refiner Insiders Buy Most Stock Since 2000 on Oil Bet

    Pricing power. How much more do you think consumers can pull back on gasoline and businesses on diesel? I'd argue not much more. The slack is in. Now, refineries will have pricing power. Look for crack spread margins to increase dramatically, especially on diesel.
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    Refiner Insiders Buy Most Stock Since 2000 on Oil Bet

    Refiners margins will go up no matter what oil does. And now oil is looking very, very bearish. The 2nd straight week of crude oil stock builds and gasoline stock draws. Refineries entry point is now. Snooze and lose.
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    Microsoft Extends Support for Windows XP To 13 Years

    There is a reasonable expectation that the majority of OS users have with 'newer' versions of Operating Systems. It should be both faster and have more useful features. It should also be as logical to use. Vista = fail.
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    U.S. Considering Sending Diplomatic Envoys to Iran for 1st Time Since 1979

    Too late to add to above post, but I also forgot to mention Nixon and his meetings with Mao Zedong, in 1972. "The 1972 Nixon visit to China was the first step in formally normalizing relations between the United States and the People's Republic of China. It also marked the first time a U.S...
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    U.S. Considering Sending Diplomatic Envoys to Iran for 1st Time Since 1979

    Very, very interesting. If this results in a diplomatic thaw between the U.S. and Iran, Israel should feel less threatened, Iran should feel more likely to make concessions on its nuclear program, and the tension that has contributed to so much instability in Iraq, the Persian Gulf and oil...
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    Is Bloomberg taking a swipe at CNBC?

    Seriously? Well, that's disappointing. Rupert Murdoch wants to use FBN as a tool to put an optimistic spin on business news, because he has claimed that CNBC (this is rich) is too pessimistic. Yes, Rupert, that's just what we need - another editorialized medium for you to pass off as...
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    Is Bernanke the greatest economist of all time?

    Are you serious? Bernanke inherited a boatload of problems from Greenspan, but instead of doing the proper thing, and letting the system cleanse itself, he has only delayed the pain, bailed out the irresponsible, shifted risky investment losses onto parties that were not responsible for those...
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    Wall St. Job Market Crumbling

    Aren't they predicting 175k job cuts over the next year on Wall Street?
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    Is Bloomberg taking a swipe at CNBC?

    Bloomberg doesn't have to even bother with CNBC. I predict that as Bloomberg becomes standard on more cable packages, they will surely and steadily erode CNBCs Circus Like coverage of the markets, with CNBCs repertoire of accompanying clowns such as Jim Cramer, Dennis Neale, Larry...
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    Bernanke has a golden opportunity to relieve the pressure off the consumer tomorrow

    +1 I wonder who it is that will have to man up and do the right thing. Bernanke will just try to pass the buck off on someone else. Very, very sad.
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