We have been conditioned to believe that good news is bad news because it might make the fed raise rates. Now though when the fed has finally declared its going to raise rates we regard this strong jobs number as a sign that things are good enough for the fed to tighten so bring it on. Dow roaring 370 points. Just higher all day. S p rocketing 2. 5 . Nasdaq 208 . Is it correct . Theres a lot of weakness in the u. S. Manufacturing economy but thats now less than 10 so maybe it doesnt matter that much. Its almost as if were in some sort of weird post Industrial Society where we have accepted the fact that our country has already lost enough industrial jobs that any pain in that sector from a rate hike will be minuscule in its impact in the overall economy. Thats amazing. I mean, look, if this were 20 years ago i would tell you that we would go into recessions. Its a sad statement that theres not much industrial in this company but thats the way it is. Were now operating under the assumpt
Maybe it doesnt matter that much. Its almost as if were in some sort of weird post Industrial Society where we have accepted the fact that our country has already lost enough industrial jobs that any pain in that sector from a rate hike will be minuscule in its impact in the overall economy. Thats amazing. I mean, look, if this were 20 years ago i would tell you that we would go into recessions. Its a sad statement that theres not much industrial in this company but thats the way it is. Were now operating under the assumption that everyone with a pulse knows that the fed is going to raise rates and well just have to wait to see what it says in its commentary when it happens and its going to happen in a couple of weeks. A one and probably done for awhile statement accompanied with that rate hike will probably give us plenty more days like today. Until then, lets proceed with a business attitude and go to the all right. So next monday, after the close, we get earnings from h and r block.
The city and mtc because we have a challenge here where we dont have the funds coming in at the time we need them to finish the project. And again, these funds would have otherwise been available for phase two which we all want to see happen as well. So as part of the discussions with folks, i think as the chair said, they are seeking control. Not for them, i dont think if city or mtc want to take control of this project. They want to ensure that this board has control and can deliver if theyre going to risk their Balance Sheets on this project. They want to ensure that the board has adequate control to make sure that we can deliver on whats now, potentially going to be a 2. 259 billion dollar budget which is by my math, a 42 percent increase in the budget for phase one since i came on the board when it was 1. 589. Its 42 percent higher resulting from two different 300 plus Million Dollars budget increases. One in 2013 and the one thats proposed for january of 2016. And those are prett
Maybe it doesnt matter that much. Its almost as if were in some sort of weird post Industrial Society where we have accepted the fact that our country has already lost enough industrial jobs that any pain in that sector from a rate hike will be minuscule in its impact in the overall economy. Thats amazing. I mean, look, if this were 20 years ago i would tell you that we would go into recessions. Its a sad statement that theres not much industrial in this company but thats the way it is. Were now operating under the assumption that everyone with a pulse knows that the fed is going to raise rates and well just have to wait to see what it says in its commentary when it happens and its going to happen in a couple of weeks. A one and probably done for awhile statement accompanied with that rate hike will probably give us plenty more days like today. Until then, lets proceed with a business attitude and go to the so next monday, after the close, we get earnings from h and r block. Heres a co
With paypal to become an independent company next year. By a had faced pressure from carl icahn and others who urged them to split their marketplaces and payment business. With this move, donahoe will leave once it is complete. American express executive dan shulman is c. E. O. Designate of the new palpal company. Is it a good idea . I have been asking various members of the paypal mafia that question. These are the paypal founders who sold the company to ebay in 2002. Here are some of their opinions. There are still a lot of synergies between ebay and paypal. Him and no matter what happens, whether they spin it out or keep it in, there has to be a Firm Commercial agreement. I think that is a priority. Will paypal grow faster if it were not within ebay . Maybe, maybe not. Would it be valued differently by the market or have a better multiple all that stuff . I dont really care. If it spun out and had its own stock, you could motivate the Management Team to do more direct they would be