The Debt Ceiling Could Cost Alcatel-Lucent Dearly

mkaminisBy Markos Kaminis (Wall St. Greek):

Alcatel-Lucent (

Government Shutdown Caused By Bad Policy By Both Parties

The Real Cause of the Crisis: Forget Partisan Rhetoric … The Threatened Government Shutdown Is Caused By Bad Policy By BOTH PARTIES Preface: Remember what the Founding Fathers said about partisan soap operas. While partisans focus on specific things the other side is doing – “Obamacare” and the “debt ceiling” are the buzzwords of the…

Philip Morris: Where Things Stand Now

By Bill Maurer:

As we move into the fourth quarter, it’s time to step back and see where things are. It’s been over a month now since I looked at the cigarette space, so I’m circling back there. Philip Morris (

Is the anti-ObamaCare campaign hurting the Republicans?

The Rasmussen daily survey (chart below) seems to indicate that the government closure may in fact be helping the Obama administration’s approval ratings, while potentially hurting the Republican Party. If the trend continues, the shutdown us unlikely to persist for too long. Here is an interesting take on the subject from The Week.SoberLoo…

Government Has Shut Down 18 Times Since 1976

NPR points out:
Since a new process was put into place in 1976, the U.S. government has shut down 17 times [Update: Make that 18]. Presidents Jimmy Carter and Ronald Reagan each dealt with six shutdowns during their terms in office, lasting anywhere from one day to 2 1/2 weeks.
 
The last actual shutdown came in 1996 ….  The last shu…

Shut Happens

It's 12:01am, do you know where your government is?

*WHITE HOUSE BUDGET OFFICE DIRECTS AGENCIES TO BEGIN SHUTDOWN
*U.S. GOVERNMENT SHUTS DOWN FOR FIRST TIME IN 17 YEARS

 

 
Full Statement from The White House:
MEMORANDUM FOR THE HEADS OF EXECUTIVE DEPARTMENTS AND AGENCIES
 
FROM: Sylvia M. Burwell, Director
 
SUBJECT: Upda…

‘Til death do us part? Portfolio edition

In response to my post A Rorschach test for bulls and bears at Seeking Alpha, I saw a couple of important comments. In the article, I made a reference to the analysis of John Hussman, to which a reader wrote that Hussman had a terrible track record, why should anyone listen to him. Another responded that “HSGFX since 11/21/00 is up 61.29%….SPY…

US CDS widens as shutdown looms

The US sovereign CDS spread has risen in the past couple days with the government shutdown becoming more real.Source: DBBut it’s not the shutdown itself that’s driving the US default probability higher. It’s the fact that the shutdown sets a precedent for the upcoming debt ceiling debate (see video below). US politicians are showing willingness to “p…