So the house budget is out and while sparse on details, it does provide some information on their plans for the GSE’s.
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Finally A CEO Calls Out Washington
This was the best part of last week…….hopefully more major CEO’s follow suit
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Subs: Transco Expansion
WMB’s Transco pipeline is a monster (it is in fact the largest nat gas pipeline in the US). The article below illustrates its scope and its potential. The Marcellus Shale formation is currently log jammed with capacity unable to get to end users, especially in the SE. Several significant expansions on Transco by Williams will allow gas to come out of storage in Marcellus and to end users.
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Subs: Rig Count and Oil Prices
“Davidson” submits:
The Baker Hughes Rig Count rise has been one of psychological drivers of lower $WTI thinking.
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Subs: GGP Buys Sears Locations
The bear case here has long been that SRG would get too many SHLD locations “dumped” on them by SHLD and this would overwhelm the company and management. This goes back to the value of SHLD’s real estate.
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Subs: Sale Completed
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Subs: Wednesday’s Links
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Subs: Transcript
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Wages, Inflation & Retail Sales
“Davidson” submits:
For 8yrs part of the conversation has centered around a weak recovery and weak Hourly Wage Growth.
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Subs: Income and Jobs
Both are rising and the consumer’s balance sheet is in the best shape it’s been in for the last 30yrs……
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Record US Household Employment
“Davidson” submits:
The US Employment Situation reported today indicated the economic expansion from 2009 continues. The Household Survey Employment level hit a record 153,168,000 individuals employed. The Jobs Openings data of last month forecasted we should have expected higher employment.
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Subs: Thursday’s Links
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$65 A Barrel?
“Davison”” has been saying oil inventories are not doing what people think they are for some time now.…..seems other are now catching on.
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Pessimism Is infectious
“Davidson” submits:
Pessimism is infectious. Disasters are what drives us to listen to news and drives us to media to learn more. We worry that bad things could happen.
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Subs: FHFA Goals
I’m not sure how these goals are met if Fannie and Freddie are privatized…..