Touchy are we? My point was that either through ignorance of economic realities or in order to defend a current agenda people have tended to confuse the economic health of the country in general with the health of the stock market. The fed had better pay attention to the macro economic realities rather than make decisions based on the health of the stock market. To rephrase and old saying: The business of America is business, not just the stock market.
I agree with your basic premise. However, don't, as the economically ignorant pundits and the defenders of Obamanomics do, confuse the stock market with the economy at large.
The two unconnected pension schemes, as well as the Elster pension plan, have combined liabilities of £882m and total deficits of £134m. Ralfe said that although the total deficits account for £134m, for Honeywell to shift that to a third-party pension specialist would cost £300m.
Jackmaster-- According to the Financial Times article, what was worth remarking about these pension liabilities is that they relate to companies even Elster no longer owned and were therefore not related to the assets purchased by HON. Doesn't seem any way around picking up these liabilities in the purchase, but HON seemed to want to gloss over them in their press releases.
I always associated it with mafia or union muscle
I don't know their costs of production, but I do know that they have about 96% of their 2015 projected oil production hedged at $80.
I am more and more convinced that Obama's policies are aimed at affirmative action for the rest of the world because the US has been greedy, rapacious, and mean.
Educate yourself. Read about the recent settlements with banks and where the DOJ directed the banks to give the money. You won't learn much in the time you spend watching the Today show and The View.
The Obama/Holder DOJ has become a bunch of ambulance chasers. Most of these suits get settled. And the dirty little secret is that the settlement doesn't go to the treasury but to community organizer groups and other "community" organizations or foundations.
Another great service the DOJ is doing is expanding the definition of insider trading for the public while members of congress like Harry Reid and Nancy Pelosi can trade on the info they gain through hearings, etc Congress voted with great fanfare to stop their insider trade exemption a few years back, and then quietly rescinded the ban a year later.
Many of the smaller e&ps will need to raise cash to pay back loans based on asset valuations. However EPE benefits from the fact that the only borrowings subject to asset revaluation due to lower oil prices is the 2.75B revolver which is only 31% drawn down. That and the great hedge position will mean that no equity offerings will be needed.
LPI is one that has already anticipated the problem of lower asset valuations and has sold new equity to pay off debt.
Cramer's TheStreet headlined that LPI's production for 2015 would be lower. I believe their guidance is that the rate of growth will be lower--ie.; only a 12% increase. Some of these "experts" are morons or they don't proof read what their underlings write---stupid in itself.