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- Wall Street Breakfast -Sample
Wall Street Breakfast: Must-Know Newsby SA Editor Rachael Granby- Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought.
- Government considers next steps. As the financial crisis continues to worsen, the U.S. government is considering two dramatic steps to turn around, or at least slow, the damage: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits. The moves, which would mark the government's most extensive intervention to date, are in discussion stages only.
- Credit stays frozen. As frozen credit markets refuse to thaw, the cost of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Interbank lending remains limited, and borrowing from the Fed's expanded discount window continued its trend of setting new highs every week, as the total daily average rose to $420.2B vs. $367.8B last week.
- Oil demand withers. The International Energy Agency warned Friday worldwide oil demand...
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Oil Price- Oil Below $75: Increased Chance of OPEC Production Cuts by Money Morning
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- Jim Cramer's Picks -SampleBetter Choices - Cramer's Lightning Round (10/15/08)by SA Editor Rachael GranbyStocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
Wednesday, October 15.Bullish Calls:Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.Bearish Calls:Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."Email continues...
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
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An Energy Policy that Makes Cents (and Sense)
But I do think we need to focus on the long-term future for our planet and humanity -- even at the cost of short-term problems, including many very serious ones. Yes, a world that slips into economic chaos due to the neglect of the impact of peak oil will not be a very pleasant place to be" -- no joke! But at least it will be a world, which our grandkids can try to improve. I agree, this is a great bunch of responses.
seekingalpha.com/artic... is another serious (if less polite) discussion. Bottom line: I am very encouraged to see investors taking these topics so seriously. And notice, notice! Bush has come out for stopping the increase in greenhouse emissions. (Not nearly enough, of course.) Moreover, he did it due to pressure from business leaders (I haven't yet read the story; saw it in Marketwatch) -- they are catching on, probably from three forms of self-interest: 1) money; 2) distaste for the coming social problems; and 3) support for the well-being of their descendants.
I am very impressed with the roadside ideas!
I too would love to see us all talking together -- brainstorming can often work wonders.
User "134716 here" -- I like that phrase enough to be tempted to change my own moniker to some number I would then immediately forget . . .
An Energy Policy that Makes Cents (and Sense)
However, I’m afraid I must agree with GH, Otis the impaler and hotdoggy. The most important issue is the survival of the planet. Well, of course the planet will survive; but humans just might not. I won’t go into this in detail; but the simple fact that we are on the verge of losing ¼ of all species should be enough to convince most folks – because we are all so interlinked that the loss of most of the rest will surely follow. If you doubt this – bees and butterflies are now dying off. Global warming will contribute heavily to the further losses, as will our very complicated, interconnected ecology.
It would be nice to keep things luxurious or even tolerable, but this will certainly go first, and only in small part because of peak oil. But to focus on that as the most urgent thing is truly short-sighted, even if it helps to ameliorate the transition. If we don’t prioritize around “global warming,” our children’s grandchildren will suffer greatly.
We need to be very careful indeed about our “solutions” – but we surely need them. We should be looking into everything that offers any possibility – both privately and via government But we need to look into these things very carefully. Too many of our so-called solutions have caused even greater problems.
I don’t think we dare use nuclear energy. And we should not drill offshore or further erode natural areas left, such as Alaska. It would be very short-sighted indeed, because once the harm is done, we can’t undo it. It’s too complex. We don’t even understand the full causes of global warming, nor why it is happening so much faster than we were expecting.
Over and over, we’ve heard that this or that is actually safe, that we’ve taken out the former bugs – only to find out the very hard way that we were wrong. After Three Mile Island, they came out with a report on why it happened. It was either due to: design flaw; to errors on how it should be operating procedures (if I remember that one right); or to human error. In other words, it could have the result of anything at all. We have learned one thing: we no longer hear much about how we will find out later how to take care of negative effects of things we do now.
As for doing “small” things, as individuals and as governments – we must, and they will help, if only some. They also will help to convince people that things are truly serious. (I have seen it scoffed at on Alpha within the last month.) It will also help people to not feel silly about doing what they can to lower energy usage, to care for the environment, and to save our planet.
At the same time, we have ignored many things that just might help, failed to research others, and ignored things we already know will help. An example: I lived in Sweden quite a while back. Their usual standard of living then was more comfortable than our middle class’ is even now. And their energy usage (in a really cold country with long distances between cities) was one-half –that’s not a misprint, folks -- of whatours was then. Of course, we now use far more.
Even so, we are going to have to sacrifice, and insofar as it isn’t solved by developing earth-friendly businesses, our economy may also have to be sacrificed. Tough! We may have to just make do if we want to survive.
Commodity ETF Overview
Others include DBC and dgp (double gold), etc -- DB may have other new ones.
Thanks, User #_______ for the COW breakdown.