On no Morgan Stanley got it wrong and peg the price of face book wrong.
Now if only I had some lose change around I would buy some shares. I looked in the usual places but my wife must have searched the couch before I did.
I was wrong I thought the value of the company for that many shares that were being sold was thirty dollars, and it's lower then that at the present time.
Me being not the brightest guy in the word predict that it will hit forty dollars by December and fifty by this time next year. Why you may ask? I'm looking at the other Buffet rule if you like something enough buy it's stock, and an a lot of people love Facebook. Besides a awful lot of financial annalist on the boob tube keep knocking saying that it's only revenue source is advertising. Good thing after over fifty years over the air TV finally got another revenue source besides advertising. I don't know how they were able to last so long.
Friday, June 1, 2012
Monday, May 28, 2012
Stevce's barking at Greece is the word
Right now the average Greek can buy a loaf of bread every day.
If the ruling parties in Greece except the European austerity measures they can get half a loaf every other day.
If the Greeks don't except the austerity measures they will only get on third of a loaf every other day.
The word is should the the Greeks elect a Parliament that will except draconian measures to stay with the Euro for one sixth of a loaf of bread every other day?
More or less to help the banks out.
The loaf of bread is just an allegory, what ever that is.
If the ruling parties in Greece except the European austerity measures they can get half a loaf every other day.
If the Greeks don't except the austerity measures they will only get on third of a loaf every other day.
The word is should the the Greeks elect a Parliament that will except draconian measures to stay with the Euro for one sixth of a loaf of bread every other day?
More or less to help the banks out.
The loaf of bread is just an allegory, what ever that is.
Wednesday, May 23, 2012
Steve's barking at what ever hapened taxi cab free market in NYC
They're going to raise the taxi fare in NYC, yet I haven't seen nor heard from one free marketer screaming foul. Why should the price of a cab ride be determined by some bureaucrats in City Hall.
As long as the price is posted in large letters, why shouldn't the taxi riding public decide what price they are willing to pay. Why shouldn't the self employed person,have the right to charge what ever the traffic can bare. After all this is NYC and we are part of America, and according to most American ecconomist that the free enterpise system made this country what it is today, we don't need no stinken regulations telling us what a cabbie can charge, or what the rider should pay.
wink,wink
As long as the price is posted in large letters, why shouldn't the taxi riding public decide what price they are willing to pay. Why shouldn't the self employed person,have the right to charge what ever the traffic can bare. After all this is NYC and we are part of America, and according to most American ecconomist that the free enterpise system made this country what it is today, we don't need no stinken regulations telling us what a cabbie can charge, or what the rider should pay.
wink,wink
Saturday, May 19, 2012
Steve's Barking, Why Germany, Why Now
My last blog was not about Germany, it was about news.
I was trying to find out if my fears that Germany in three years is going to be in worst shape then Greece is now. I'm sitting around questioning myself when I decided to do a little research, and the first thing I want to know is what is the rate of unemployment in Germany, and how is derived. (My instincts tell me that the major corporation of Germany hold on to their current non-productive employees at a lower wage, till that worker can be productive again). Good for the company, great for having a lower unemployment rate in the country.
Getting back to my story, I google unemployment rate for Germany. I get these various sites from news sources, that tend to high light German Unemployment differently even though they have the same rate. So I say to myself why not have a blog just about that. And so my last blog came into existence.
Now getting back to why Germany, and why now, fringe party are pulling greater numbers
then main stream parties, this seems to be telling me things are not alright in this conservative of Conservative country and this shouldn't be, if the populous was content with the economy and they see the hardships of the citizens in the rest of Europe they would normally be rallying around the Christan Democrats.and Social Democrats.
My greater concern for the German economy is if it can't absorb the manufactured products and the rest of Europe surely can't a trade war with the United States and those emerging economies may bring about the next greater depression. (That isn't a misspelling, greater is the word).
Maybe it good that I have so little influence I wouldn't want to wake up the undead.
I was trying to find out if my fears that Germany in three years is going to be in worst shape then Greece is now. I'm sitting around questioning myself when I decided to do a little research, and the first thing I want to know is what is the rate of unemployment in Germany, and how is derived. (My instincts tell me that the major corporation of Germany hold on to their current non-productive employees at a lower wage, till that worker can be productive again). Good for the company, great for having a lower unemployment rate in the country.
Getting back to my story, I google unemployment rate for Germany. I get these various sites from news sources, that tend to high light German Unemployment differently even though they have the same rate. So I say to myself why not have a blog just about that. And so my last blog came into existence.
Now getting back to why Germany, and why now, fringe party are pulling greater numbers
then main stream parties, this seems to be telling me things are not alright in this conservative of Conservative country and this shouldn't be, if the populous was content with the economy and they see the hardships of the citizens in the rest of Europe they would normally be rallying around the Christan Democrats.and Social Democrats.
My greater concern for the German economy is if it can't absorb the manufactured products and the rest of Europe surely can't a trade war with the United States and those emerging economies may bring about the next greater depression. (That isn't a misspelling, greater is the word).
Maybe it good that I have so little influence I wouldn't want to wake up the undead.
Steve's barking at news of German unemployment April '02
Headlines for German unemployment for April of 02 from different new services.
Bloomberg News - German jobless unexpectedly up as crises flares.
CBS News- German unemployment down to 7%.
Yahoo News - German unemployment rate down to 7%.
Daily FX-Rise in German Unemployment rises Further discourages investors.
Alt Market.com-German unemployment on the rise.
Palm Beach Post- German unemployment falls to 7%.
OK WHAT GIVES
Bloomberg News - German jobless unexpectedly up as crises flares.
CBS News- German unemployment down to 7%.
Yahoo News - German unemployment rate down to 7%.
Daily FX-Rise in German Unemployment rises Further discourages investors.
Alt Market.com-German unemployment on the rise.
Palm Beach Post- German unemployment falls to 7%.
OK WHAT GIVES
Monday, May 14, 2012
Steve's barking at venture capitalist creating jobs
Do venture capitalist create jobs?
The answer is yes, just like a great many other businesses they need to hire secretaries, and lawyers and other backroom people. My pension plan does that.
Are venture capitalist needed to help create jobs?
Probably yes.
Some one has to put up money to start up businesses and for businesses that what to expand.
Do venture capitalist have to destroy jobs?
Some one has to do the dirty work of getting rid of a bloated pay roll so that the business can thrive and be sold for high profits.
The answer is yes, just like a great many other businesses they need to hire secretaries, and lawyers and other backroom people. My pension plan does that.
Are venture capitalist needed to help create jobs?
Probably yes.
Some one has to put up money to start up businesses and for businesses that what to expand.
Do venture capitalist have to destroy jobs?
Some one has to do the dirty work of getting rid of a bloated pay roll so that the business can thrive and be sold for high profits.
Saturday, May 12, 2012
Steve's barking at a President Reagan Urban Myth
I saw Real Time on HBO yesterday.
Two of the guest were Norvel Norquest and Margaret Hoover.
To make this blog short, some one has got to tell these two idiots that President Reagan presided over one of the biggest stimulus in history by lowering tax rates (even though my taxes went up) and increasing the military budget by 3/4, now that's a stimulus if ever there was one.
Yep jobs were created and that's because of the Reagan stimulus.
As long as we let no nothing lead the discussions on stimulus packages my country is going down the toilet.
Two of the guest were Norvel Norquest and Margaret Hoover.
To make this blog short, some one has got to tell these two idiots that President Reagan presided over one of the biggest stimulus in history by lowering tax rates (even though my taxes went up) and increasing the military budget by 3/4, now that's a stimulus if ever there was one.
Yep jobs were created and that's because of the Reagan stimulus.
As long as we let no nothing lead the discussions on stimulus packages my country is going down the toilet.
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