February 27, 2011
Guest: Thomas Grisafi, Indiana Grain Company. We talk about the crazy action in the pits, new margin requirements and the trend that has the world population in an uproar. Is this going to last? Are we going to see oil at $120, $130 or even $200? Where are food prices going. All this and a few ideas to take note of for the coming weeks.
February 27, 2011
This is to funny! You have to take a look at this. Great ability with digital video and creativity. Great job fellas!
February 26, 2011
Some of the more interesting and important items for February 26th :
- Google: Grow or die John Dvorak’s Second Opinion – MarketWatch – Google Inc. does two things well. Search for things and sell ads by the boatloads.<br />
Everything else is ancillary and at best a loss leader. This includes Google Voice, Gmail, Google maps and navigation, YouTube and probably the entire online “cloud” services as well as the Android OS along with Chrome.
- Groupon Revenue Hit $760 Million Last Year – WSJ.com – Daily deals website Groupon Inc. saw its revenue surge to $760 million last year from $33 million the previous year, with more than a third of its 2010 sales coming from outside the U.S., according to an internal memo.
- Hollywood’s top 10 box-office hits – MarketWatch – Hollywood’s all-time biggest U.S. hits, adjusted for inflation, and the films that won best picture that year. Based on data from BoxOfficeMojo.com and Internet Movie Database. Also see the 10 best movies that lost the top Oscar
- Verizon IPhone Drops Calls, Not Endorsed by Consumer Reports – Bloomberg – The Apple Inc. iPhone 4 carried by Verizon Wireless suffers from a glitch — similar to one that plagues AT&T Inc.’s version of the device — that may result in dropped calls in certain areas, Consumer Reports said.
- Boeing’s Tanker Bid Was Aided by Air Force’s Shifting Rules – NYTimes.com – When a European company offered a larger tanker than Boeing for a lower price in 2008, the Air Force grabbed what seemed like a bargain. Representative Jay Inslee, left, and Senators Maria Cantwell, center, and Patty Murray, right, celebrating in Everett, Wash.<br />
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Dan Bates/The Herald, via Associated Press<br />
A Boeing worker celebrating Thursday.<br />
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G.M. Andrews/Mobile Press-Register, via Associated Press<br />
David Oliver, chief operating officer of EADS North America, spoke to reporters in Alabama on Thursday.<br />
But aviation analysts say Boeing won a rematch this week because the government’s preference had shifted to a plane with fewer bells and whistles but one that could be much cheaper to operate in the next few decades
- U.S. Growth Revised Lower in Fourth Quarter – NYTimes.com – Growth in the fourth quarter of 2010 was slower than initially reported, at an annual pace of 2.8 percent rather than the previous estimate of 3.2 percent, according to data released on Friday by the Commerce Department. Economists had been predicting an upward revision, to about 3.3 percent.
- Nintendo 3DS Goes on Sale in Japan, Game Fans Line Up in Tokyo – Bloomberg – Nintendo Co., the world’s biggest maker of video-game players, began selling its 3DS handheld model to crowds in Tokyo as the company tries to revive profit amid growing competition with Apple Inc. and Sony Corp.
- Berkshire Profit Rises 43% to $4.38 Billion on Railroad – Bloomberg – Berkshire Hathaway Inc. said fourth- quarter profit rose 43 percent on derivative gains and earnings from the railroad that billionaire Chairman Warren Buffett bought last year.<br />
Net income advanced to $4.38 billion, or $2,656 a share, from $3.06 billion, or $1,969, a year earlier, Omaha, Nebraska- based Berkshire said today in a regulatory filing.
- 500 Internal Server Error – 500 Internal Server Error
- U.S. Economy Grew 2.8% in Fourth Quarter, Revised From 3.2% – Bloomberg – The U.S. economy grew at a 2.8 percent annual rate in the fourth quarter, slower than previously calculated and less than forecast as state and local governments made deeper cuts in spending.
February 25, 2011
See that “little” down tick to the right of the chart below? That is the loest piont in the last 4 decades. Yes, we are see in a housing depression and the fact is that there is still too much backlog and way too much overall inventory.
What does this mean for the housing sector – not a good Read more
February 25, 2011
Some of the more interesting and important items for February 25th :
- Fannie Mae, Freddie Mac Seek $3.1 Billion Amid Improved Earnings – Bloomberg – Freddie Mac and Fannie Mae, the mortgage-finance companies operating under U.S. conservatorship, requested another $3.1 billion in Treasury Department aid as they reported quarterly earnings reflecting improving health.
- Rift Opens Over Budget at CFTC – WSJ.com – The Commodity Futures Trading Commission has halted development of a technology program used to flag suspicious trading because of an $11 million cut in its technology budget, increasing rancor within the small agency about how it should spend its money.
- Fannie Mae posts $2.1B loss for Q4 – Yahoo! Finance – Government-controlled mortgage buyer Fannie Mae has posted a narrower loss of $2.1 billion for the October-December quarter of last year, and asked for an additional $2.6 billion in federal aid.<br />
The new request is slightly more than the $2.5 billion it sought in the July-September quarter. The mortgage buyer also reported a $21.7 billion loss for all of 2010.
- U.K. Court Orders Assange Extradited – WSJ.com – A U.K. court ordered WikiLeaks founder Julian Assange be extradited to Sweden to face questioning about sexual-assault allegations, dealing a serious blow to the document-leaking site and its founder.
- Rising Oil Prices Raise the Specter of a Double Dip – WSJ.com – A sustained and significant rise in oil prices could derail the U.S. economic recovery by stirring inflation and putting the brakes on spending.