Monthly Archives: December 2014

Yeah This Makes Sense

The world hangs on every word uttered by Grandma Yellen as if she controls the world. Why doesn’t the average American see through the smoke and mirrors? The current monetary policy of the Federal Reserve is beyond ridiculous based upon history and the economic numbers being pumped out by the government. The world is so…

ConAgra Earnings In-Line, Revenues Miss; Maintains View

Premier North American food company, ConAgra Foods, Inc. (CAG – Analyst Report), reported results for second quarter of fiscal 2015 (ended Nov 23, 2014). Earnings from continuing operations, adjusted for items impacting comparability, came in at 61 cents per share, down 2% from 62 cents earned in the year-ago quarter. However, results were in line with the Zacks Consensus…

Adair Turner Understands Better Than Paul Krugman

After watching the new video with Adair Turner from a talk he gave at the Bristol Festival of Economics in November 2014, it is clear he understands the economic situation better than Paul Krugman. While Krugman tries to understand if inequality even leads to more financial instability (link), Turner knows that it does and the mechanisms by…

How We Can Profit From Europe’s Bounce

    Last week, I said that it was time for income investors to adjust their portfolios and adapt to the new reality of cheap oil. For less-speculative investors, I recommended turning an eye to Europe. This week, I want to expand on that idea and highlight a number of enticing investments across the pond. You…

Howard Hughes Doubles Columbia, MD Holdings

Bottom line is $HHC paid $66M ($204M to IRS and getting $138M from $GGP) for 715k of office space……and this assumes they get no relief at all from the tax court. They very well might end up with these as a “freebie”. Here is the breakdown of the properties from $GGP 2013 10k: This reminds me of when $HHC bought the 47% of the Woodlands it did not own from…

EU Summit: Light But Little Illumination

The EU Summit starts today. There are three important issues: Russia, Juncker’s investment scheme, and Greece. Russia’s woes have not been sufficient to spur a change in behavior from Putin. His press conference today was strident, blaming the US and EU for undermining Russia. He blames foreign influences driving down the rouble. The EU will impose…