Niederhoffer and his crew do not have a high opinion of Buffet for some reason. Certainly, his returns over the past couple of decades have benefited from favorable tax treatment and yes, he does know folks in high places. However, to dismiss what he has done over an entire career borders on the insane. What Buffet did from the mid 1950s thru the mid 80s is Tiger-like and holds incredible lessons for anybody in this business.
The Credit Crisis Financial Stocks Short Journal
- Thread starter Daal
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Niederhoffer and his crew do not have a high opinion of Buffet for some reason. Certainly, his returns over the past couple of decades have benefited from favorable tax treatment and yes, he does know folks in high places. However, to dismiss what he has done over an entire career borders on the insane. What Buffet did from the mid 1950s thru the mid 80s is Tiger-like and holds incredible lessons for anybody in this business.
I spent a good deal of time yesterday delving into these employment numbers, the snowstorm, and the census hiring. I don't think there is any question that there are going to be some enormous job gains over the next quarter. It wouldn't surprise me to see at least one print over 500K jobs. The gubmint is hiring 1.5 MILLION census workers. In 2000, we hired 300K. In 1990, we hired 200K. The effect is going to be huge.
Throw in the fact that the BO administration has cagely seen that at least $200B of the stimulus money is still available to be spent in the months leading up to the election. The economy will be looking relativelyy strong for the remainder of the year.
Hats off to the BO administration. Despite all of their other issues, I believe they will have unemployment and the economy under control at election time. After the election is a different story, but those looking for stocks or the economy to take a significant header in 2010 are going to be disappointed.
Throw in the fact that the BO administration has cagely seen that at least $200B of the stimulus money is still available to be spent in the months leading up to the election. The economy will be looking relativelyy strong for the remainder of the year.
Hats off to the BO administration. Despite all of their other issues, I believe they will have unemployment and the economy under control at election time. After the election is a different story, but those looking for stocks or the economy to take a significant header in 2010 are going to be disappointed.
The gubmint is hiring 1.5 MILLION census workers. In 2000, we hired 300K. In 1990, we hired 200K. The effect is going to be huge.
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Not gona see anything close, the Gov is laying off starting with the muni's, school district as in KC. This is just the First city, many will follow. States, most of the 50, will be laying of State Workers and Fed will have to lay off.
Do not kid yourself, Census workers are not going to push the Jobs number lower as far as showing a gain....we should still hover around 400k or so.
Numbers are out today.....not looking good.
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Not gona see anything close, the Gov is laying off starting with the muni's, school district as in KC. This is just the First city, many will follow. States, most of the 50, will be laying of State Workers and Fed will have to lay off.
Do not kid yourself, Census workers are not going to push the Jobs number lower as far as showing a gain....we should still hover around 400k or so.
Numbers are out today.....not looking good.
Yellen said to be top choice for fed vice-chairman choice
http://www.bloomberg.com/apps/news?pid=20601068&sid=aKyXWYGlO.SA
Front not moving on this but to me its quite big, it would mean a dovish chairman and a very dovish vice chair. As some ex-FOMC voters say 'its hard to vote against the chairman, even when you disagree', in this case it would be a triple whammy as the chair, vice-chair and NY fed chair are all dovish and quite concerned about withdrawing stimulus early/deflation
http://www.bloomberg.com/apps/news?pid=20601068&sid=aKyXWYGlO.SA
Front not moving on this but to me its quite big, it would mean a dovish chairman and a very dovish vice chair. As some ex-FOMC voters say 'its hard to vote against the chairman, even when you disagree', in this case it would be a triple whammy as the chair, vice-chair and NY fed chair are all dovish and quite concerned about withdrawing stimulus early/deflation
In all fairness the fact that the Fed is moving from 2day policy meetings to 1day is definetly hawkish
http://www.cnbc.com/id/35820216
http://www.cnbc.com/id/35820216