ZeroHedge

”s Day Love From Iran: Escorted Through Hormuz

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As the Carrier Abraham Lincoln left the gulf Tuesday, it’s battle group contingent was on high alert.  According to the AP: The passage ended a Gulf mission that displayed Western naval power amid heightened tensions with Tehran, which has threatened to choke off vital oil shipping lanes.The Lincoln was the centerpiece of a flotilla that entered the Gulf last month along with British and French warships in a display of Western unity against Iranian threats. There was no immediate comment by Iran about the Lincoln’s departure.  Iran’s Revolutionary Guard has said it plans its own naval exercises near the strait, … Read more

The Roof Has Been Raised: $16.4 Trillion Debt Ceiling

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Well, it’s looking like  the Senate was unable to muster enough votes to reject the newest debt ceiling hike in a 52 to 44 vote.  Due to take effect this Friday, we will be looking at a new ceiling of $16.4 trillion with our current levels reaching the $15.4 trillion mark. From Zerohedge: “Since roughly $100 billion was plundered from Pension Funds in the past month, The US will have about $15.4 trillion in debt with the Monday DTS. The question then is how long will the $1 trillion in debt capacity last: at $125 billion/month it won’t be enough … Read more

Some interesting numbers on Netflix

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As the subscription based online movie provider soars as high as 15% in after hours trading on a decidedly positive earnings report, some investors are left scratching their heads.  While the company has shown an impressive rebound of 38% since touching on it’s 52 week low of 64.54 a share, the upward correction seems to lack a real catalyst.  In their trademark no-nonsense style, Zerohedge took a closer look at the hard data (spreadsheet can be downloaded here ) and found some interesting points.. Netflix generated $33.9MM in “Free Cash Flow”. Of this $25.6MM was from change in Net Working Capital; this compares … Read more

Google vs. Apple

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As I sit here typing out this post on my MacBook, occasionally running a question by Siri on my iPhone just for the heck of it, I can’t help but notice I’ve been blindsided by the Apple lifestyle… and I don’t seem to mind a bit.  An iPod sits in my car, next to the two iPod shuffles that I take on the mountain when I ride, and I’m long Apple stock.  My old HTC Incredible smartphone sits in a box, long forgotten.  And I’m certainly not the only one to completely buy into the way of life that Steve … Read more

Romney Pays Less In Tax Than His Secretary

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Romney Pays Less In Tax Than His Secretary First Buffet, now Mitt Romney. Via Bloomberg: ROMNEY SAYS HIS EFFECTIVE TAX RATE CLOSER TO 15% ROMNEY SPEAKS TO REPORTERS IN FLORENCE, SOUTH CAROLINA ROMNEY SAYS MUCH OF HIS INCOME COMES FROM INVESTMENTS Next thing you know he too will offer all Republicans a one for one match on all US sovereign debt repayments, and will demand that all millionaires generously hand over their income. As for us, we quietly wonder whether the account clerks at Zurich banks are sweating already? via Romney Pays Less In Tax Than His Secretary | ZeroHedge.