Joe Kernan made a comment on Squawk Box this morning about QE2 , its impact on rising food prices and its possible correlation to the riots in Egypt that got me thinking. [more]
Seems to me that there is a fairly simple solution to the argument surrounding the extension of the Bush tax cuts for the wealthy. If the republican argument is that this group creates jobs. then tie the tax benefits directly to those who employ american workers (could be some type of credit against employer paid FICA). I also beleive the $250 K threshold should be raised by $100-150 or so. [more]
I don't understand the valuation of CZNC. I recongize that the regional banks have been underperforming lately, but this bank seems out of whack compared to its peer group. [more]
I bought some ACAT yesterday. I like the fact that it is trading below its tangible book value despite the fact that it is profitable. They have improved margins, cut G&A and claim to be picking up market share in the ATV market. Non union companies have some advantages and given my $11 target price, could be good takeover candidate.
I was a little surprised by BHO's interview on CNBC in the sense that he seemed more receptive to the VAT than I had anticipated, (Truthfully, I was surprised that the question was even asked given Harwood's propensity to only lob softball questions at his idol) I had thought that BHO would avoid addressing this issue until after the mid-terms (much like he avoided looking into the camera and into the eyes of the American investor during the interview) [more]