Tag: finance

Following his "can we get some mexican music to go along with that" Ted Cruz comments, the always "apolitical" Steve Liesman – who honed his 'economic' teeth while on a mission to communist Russia – has issued an apology. Explaining his remarks were not meant to be "offensive in any way," Liesman suggested perhaps country-western would be a better choice next time…

 

The "oops" moment…

On Tuesday morning’s CNBC Squawk Box, senior economics reporter Steve Liesman blamed the weak jobs report on Senator Ted Cruz (R-TX). He said, “We’re going to call this the Senator Ted Cruz jobs report. These are the jobless claims of Senator Ted Cruz.” As CNBC showed a picture of Cruz, Liesman added, “There he is! There he is! Can we get some music to go along with that, some Mexican music maybe?”

 

 

and the apology…

Regarding my recent remark on Squawk Box regarding Senator Ted Cruz, I first want to deeply and sincerely apologize if my remarks were insensitive.

 

Second, I want to explain that it was not intended to be offensive in any way.

 

I thought of him only as an American senator from Texas, and in an attempt, on the fly, to choose music representing that state, I chose Mexican music.

 

As a musician for many decades, I've played and listened to tons of Texas songs infused with Mexican themes. A better choice would have been Country/Western or Texas Roadhouse Blues – it was a bad reach all the way around.

 

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/-Q1V-zPMpFo/story01.htm Tyler Durden

Given the carnage that ensued in NFLX yesterday, we suspect the following tweet:

 

Just sent a letter to Tim Cook. Full letter will be disclosed on my website, the Shareholders’ Square Table, which will be launched tomorrow

— Carl Icahn (@Carl_C_Icahn) October 23, 2013

 

which he notes will be released to the public tomorrow is more a threat of him “selling” his shares if he doesn’t get what he wants… and given the market liquidity, who knows what AAPL’s stock does?

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/TdFwN9jhUlY/story01.htm Tyler Durden

Given the carnage that ensued in NFLX yesterday, we suspect the following tweet:

 

Just sent a letter to Tim Cook. Full letter will be disclosed on my website, the Shareholders’ Square Table, which will be launched tomorrow

— Carl Icahn (@Carl_C_Icahn) October 23, 2013

 

which he notes will be released to the public tomorrow is more a threat of him “selling” his shares if he doesn’t get what he wants… and given the market liquidity, who knows what AAPL’s stock does?

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/TdFwN9jhUlY/story01.htm Tyler Durden

In 223 years, the average real GDP growth for the USA has been 3.8%. At 1.9%, the 2000-2010 decade was the 2nd worst decade for real GDP growth in the storied history of the United States. The worst since 1790 was the 1930s which was followed by what many hope for now, an explosion of growth that occurred in the 1940s. However, three years in, real GDP growth for the 2010-> decade does not look as good as ‘hope’ would like it to be. So what is different this time and what ‘facilitated’ the 1940s recovery? The sad, but very real, truth is… war… but funding that this time will be problem…

 

The 2nd worst decade of growth for the US ever… and getting worse

 

But what “saved” us last time looks a little more tricky this time…

 

Especially given the polarization in DC…

 

Charts: Hoisington and Citi

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/2Ht-Ev2rIjM/story01.htm Tyler Durden

In 223 years, the average real GDP growth for the USA has been 3.8%. At 1.9%, the 2000-2010 decade was the 2nd worst decade for real GDP growth in the storied history of the United States. The worst since 1790 was the 1930s which was followed by what many hope for now, an explosion of growth that occurred in the 1940s. However, three years in, real GDP growth for the 2010-> decade does not look as good as ‘hope’ would like it to be. So what is different this time and what ‘facilitated’ the 1940s recovery? The sad, but very real, truth is… war… but funding that this time will be problem…

 

The 2nd worst decade of growth for the US ever… and getting worse

 

But what “saved” us last time looks a little more tricky this time…

 

Especially given the polarization in DC…

 

Charts: Hoisington and Citi

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/2Ht-Ev2rIjM/story01.htm Tyler Durden

BofAML’s MacNeil Curry is changing his view on gold from bearish to bullish. The impulsive gains from the 1251 low of Oct-15 and break of the two-month downtrend (confirmed on the break of 1330) tells him that a medium-term base and bullish turn is unfolding. BoFAML looks for an ultimate break of the 1433 highs of Aug-28, with potential for a push to 1500/1533 long term resistance. In the next several sessions Curry suggest buying dips into 1309, cautioning that this bullish view is “wrong” if gold breaks below 1251. For those awaiting additional confirmation of a turn, Curry notes you need to see a break of 1375 (Sep-19 high & right shoulder off a multi-month Head and Shoulders Top).

 

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/Dx7MAtkWIJE/story01.htm Tyler Durden

Alan Greenspan is out pitching his news book. We explained the miracle of revisionist history and questioned the sanity of anyone buying this ‘guide to economic forecasting’ earlier in the week, but in his appearance this morning on CNBC, the “maestro” did a great job explaining just how flawed his own logic was (without our help).

Flip-flopping from some rational efficient market based economic prognostication to the human nature based entirely non-random cyclical and feedback-loop engaging reality, he explains (sadly reflective of the current clairvoyance of Jim Bullard) that, speaking for himself and his FOMC colleagues, “all of us knew there was a bubble,” though failing to admit to being the progenitor, “but we badly missed the timing.”

Perhaps summing up the mantra of his ilk better than any other sentence, Greenspan concludes, “a bubble in and of itself does not give you a crisis…”adding, during a later Bloomberg TV clip, “I missed certain forecasts, you don’t apologize for that. Do you? I don’t. We are not omniscient. I am a human being.”

 

Perhaps not, but with every muppet leveraged to the tick on the Russell 2000, we suspect he’ll reject that thesis once again in the future…

Must watch (brief clip) for insight into just how sociopathic our central bankers have become..

 

 

Doing the rounds, Greenspan later dropped this little beauty on Bloomberg TV…

 

 

“I am in the business where, Harry Truman once said, ‘If you can’t stand the heat, get out of the kitchen’… I apologize for something I did wrong, and I do apologize. I don’t apologize…I was doing the best I can.

 

The arguments, some of which are quite accurate is I missed certain forecasts, you don’t apologize for that. Do you? I don’t. We are not omniscient. I am a human being. I cannot see beyond the horizon any more than anyone else can.

 

Now to apologize for not being Superman, I just refuse to do that because that never entered my mind.”

 

Perhaps some ‘honesty’ like that during your reign would have helped temper the bubbles you created…

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/gJXrf42ZkM0/story01.htm Tyler Durden

Alan Greenspan is out pitching his news book. We explained the miracle of revisionist history and questioned the sanity of anyone buying this ‘guide to economic forecasting’ earlier in the week, but in his appearance this morning on CNBC, the “maestro” did a great job explaining just how flawed his own logic was (without our help).

Flip-flopping from some rational efficient market based economic prognostication to the human nature based entirely non-random cyclical and feedback-loop engaging reality, he explains (sadly reflective of the current clairvoyance of Jim Bullard) that, speaking for himself and his FOMC colleagues, “all of us knew there was a bubble,” though failing to admit to being the progenitor, “but we badly missed the timing.”

Perhaps summing up the mantra of his ilk better than any other sentence, Greenspan concludes, “a bubble in and of itself does not give you a crisis…”adding, during a later Bloomberg TV clip, “I missed certain forecasts, you don’t apologize for that. Do you? I don’t. We are not omniscient. I am a human being.”

 

Perhaps not, but with every muppet leveraged to the tick on the Russell 2000, we suspect he’ll reject that thesis once again in the future…

Must watch (brief clip) for insight into just how sociopathic our central bankers have become..

 

 

Doing the rounds, Greenspan later dropped this little beauty on Bloomberg TV…

 

 

“I am in the business where, Harry Truman once said, ‘If you can’t stand the heat, get out of the kitchen’… I apologize for something I did wrong, and I do apologize. I don’t apologize…I was doing the best I can.

 

The arguments, some of which are quite accurate is I missed certain forecasts, you don’t apologize for that. Do you? I don’t. We are not omniscient. I am a human being. I cannot see beyond the horizon any more than anyone else can.

 

Now to apologize for not being Superman, I just refuse to do that because that never entered my mind.”

 

Perhaps some ‘honesty’ like that during your reign would have helped temper the bubbles you created…

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/gJXrf42ZkM0/story01.htm Tyler Durden

In a stunning claim, Germany's Der Speigel reports that the US targeted Angela Merkel's private mobile phone for years…

• *MERKEL TOLD OBAMA TAPPING WOULD BE UNACCEPTABLE, SEIBERT SAYS
• *MERKEL COMPLAINED TO OBAMA ABOUT PHONE SURVEILLANCE: SPIEGEL
• *MERKEL DEMANDS FULL EXPLANATION FROM OBAMA, SPIEGEL SAYS

So Obama promptly complied:

• *OBAMA TOLD MERKEL U.S. NOT TAPPING HER PHONE, SPIEGEL SAYS

We await Snowden and Greenwald's clarification…

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/AF_0_GO-yZg/story01.htm Tyler Durden

In a stunning claim, Germany's Der Speigel reports that the US targeted Angela Merkel's private mobile phone for years…

• *MERKEL TOLD OBAMA TAPPING WOULD BE UNACCEPTABLE, SEIBERT SAYS
• *MERKEL COMPLAINED TO OBAMA ABOUT PHONE SURVEILLANCE: SPIEGEL
• *MERKEL DEMANDS FULL EXPLANATION FROM OBAMA, SPIEGEL SAYS

So Obama promptly complied:

• *OBAMA TOLD MERKEL U.S. NOT TAPPING HER PHONE, SPIEGEL SAYS

We await Snowden and Greenwald's clarification…

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/AF_0_GO-yZg/story01.htm Tyler Durden