CBO forecasts 1.4 GDP, 8% unemployment and 7 million to lose health insurance

[PSGator66]

Where is the outrage? Oh, I forgot that nobody dares to queston the messiah or you will be labled.

http://www.breitbart.com/Big-Government/2013/02/05/CBO-2013-Forecast-Unemployment-GDP-Health-Insurance

[surfn1080]

108, md, river??

[G8trGr8t]

1.4% growth...wow...that is pathetic but it is what you get when you have a no growth agenda like these clowns bring to the table. no worries, we can just tax and print our way out of it...

let me guess...it is bush's fault, no the tea party, no wiat, i got it Palin, that's it, Palin is the problem

[gatorpa]

1.4% growth...wow...that is pathetic but it is what you get when you have a no growth agenda like these clowns bring to the table. no worries, we can just tax and print our way out of it...

let me guess...it is bush's fault, no the tea party, no wiat, i got it Palin, that's it, Palin is the problem

Forgot the evil 1%:joecool:

[bluelang]

Let's be more like China!

[theorangebluewinagain]

When Obama's term is done and we look more like Spain then they will criticize him, but until then, we will hear nothing from main stream media except crickets...

[secgator]

Just opening the link and seeing a photo of HIM was enough to make me stick to my stomach before I even had a chance to read the bad news HE has inflicted upon us all.

[Gatorrick22]

Let's be more like China!

Better yet, lets export Obama to China.

[gatordowneast]

Why would there be outrage? The media carries Obama's luggage. And the 47% want free chit and don't think they will be paying the tab. And do you think the mooches, slackers and bums care what GDP growth is? They don't even know what it means. (ask a few people around the office or in the mall) As long as they get their multiple guvmint payments and free cell phone, they are fine.

We passed the tipping point in 2008 and except for the Tea Party rallying the troops in 2010, it ain't getting better. And no bull$hit about the tea party being terrorists...my wife and a bunch of her friends flew to DC for several rallies and it was a well behaved group of middle aged and senior "taxpayers" concerned with the country's direction.

[mocgator]

Where is the outrage? Oh, I forgot that nobody dares to queston the messiah or you will be labled.

http://www.breitbart.com/Big-Government/2013/02/05/CBO-2013-Forecast-Unemployment-GDP-Health-Insurance

OFFICIAL NOTICE: This poster has thoughts and ideas that are not consistent with or in keeping with the policies and ideas expressed by Barack Obama and/or the Democrat party. Accordingly, you are hereby notified that the thoughts, ideas and facts presented by this poster constitute hate speech and you are warned that, as such, they may cause discomfort or offense to Democrats, liberals, those educated by the government, non-achievers, those suffering from wealth-envy and followers of The Chosen One. Govern yourself accordingly.

[g8trjax]

The content in the article is bad enough, but did they have to use a photo of that pile with his typical smug mug look?

Just opening the link and seeing a photo of HIM was enough to make me stick to my stomach before I even had a chance to read the bad news HE has inflicted upon us all.

You just know he spends hours at a mirror to get that scowl down pat.

[ncgatr1]

Don't we need 3 to 4 percent GDP just to get out of a recession? We certainly have a bright future under Obama. Too bad this Country has been lost to the entitlement holders.

[jimgata]

GDP probably estimated to high, the other two to low.
The informed challenged and runaway entitlements will destroy the country.

[mastoidbone]

i suspect GDP will be less then 1.4%.....

[viningsgator]

Nobody told you guys it was Bush's fault?

[RealGatorFan]

I keep saying this for 4 years but I'll do it again. The market is a fraud. That 14K on the DOW is almost 5K overvalued thanks to the Fed dumping nearly $4 Trillion into the market with near 0% interest rates for over 4 years. Then, to get the next fix in, they had to give the Fed a blank check to pump in 4 GEs every month into the markets. Once that funny money is withdrawn, adios market and then adios jobs.

I've been at 25% stocks since last summer and I fully expect the markets to fall before the summer simply because the Fed's drugs will have little effect by then. Each QE has been larger yet with diminishing results.

[gregthegator]

I keep saying this for 4 years but I'll do it again. The market is a fraud. That 14K on the DOW is almost 5K overvalued thanks to the Fed dumping nearly $4 Trillion into the market with near 0% interest rates for over 4 years. Then, to get the next fix in, they had to give the Fed a blank check to pump in 4 GEs every month into the markets. Once that funny money is withdrawn, adios market and then adios jobs.

I've been at 25% stocks since last summer and I fully expect the markets to fall before the summer simply because the Fed's drugs will have little effect by then. Each QE has been larger yet with diminishing results.

Writing the truth around here gets you no-where fast...but you HAVE TO keep trying...

[gatorpa]

I keep saying this for 4 years but I'll do it again. The market is a fraud. That 14K on the DOW is almost 5K overvalued thanks to the Fed dumping nearly $4 Trillion into the market with near 0% interest rates for over 4 years. Then, to get the next fix in, they had to give the Fed a blank check to pump in 4 GEs every month into the markets. Once that funny money is withdrawn, adios market and then adios jobs.

I've been at 25% stocks since last summer and I fully expect the markets to fall before the summer simply because the Fed's drugs will have little effect by then. Each QE has been larger yet with diminishing results.

Agree, I've been 100% out of stocks since the DOW went back of 10,500. It is so overbought, and the FED just keeps pouring money into the system.

[G8trGr8t]

the market is up due to the fed pumping but the P/E ratios are not bad on a historical basis.

my money is mostly in small to mid cap domestic oilers that just keep ramping up proved reserves y/y as they tap into more and more unproven benches. Like domestic oil to hedge against weakening dollar.

MLP refiners are kicking arse and taking names. NTI, CVRR, and MPC are doing great for me and will continue to do so as long as the WTI / Brent spread remains above $15 or so. Variable divi's but currently over 20% and should remain so as long as the spread is good.

[gatorpa]

the market is up due to the fed pumping but the P/E ratios are not bad on a historical basis.

my money is mostly in small to mid cap domestic oilers that just keep ramping up proved reserves y/y as they tap into more and more unproven benches. Like domestic oil to hedge against weakening dollar.

MLP refiners are kicking arse and taking names. NTI, CVRR, and MPC are doing great for me and will continue to do so as long as the WTI / Brent spread remains above $15 or so. Variable divi's but currently over 20% and should remain so as long as the spread is good.

Don't you think all these companies will be hammered in a broad sell-off?

[surfn1080]

the market is up due to the fed pumping but the P/E ratios are not bad on a historical basis.

my money is mostly in small to mid cap domestic oilers that just keep ramping up proved reserves y/y as they tap into more and more unproven benches. Like domestic oil to hedge against weakening dollar.

MLP refiners are kicking arse and taking names. NTI, CVRR, and MPC are doing great for me and will continue to do so as long as the WTI / Brent spread remains above $15 or so. Variable divi's but currently over 20% and should remain so as long as the spread is good.

Where do you get your info? Just curious as I am looking to expand my portfolio.

[dangolegators]

i suspect GDP will be less then 1.4%.....

You better hope so or your claim that we are in a recession will never come true.

[Matthanuf06]

This is what I do for a living, and while Obama is killing the long term health of the economy...you should NOT fight the Fed.

[G8trGr8t]

Where do you get your info? Just curious as I am looking to expand my portfolio.

I do a lot of reading on seeking alpha. Over time, I have found a few authors and posters who really know their stuff. Here are a few articles to get you started. Posters Jeep (informed, does some good due diligence that he shares), Bill Costello (professional hedge fund manager that specializes in mid cap energy companies and has forgotten more than I will ever know), and Craig Cooper (excellent geologist) are all ones worth listening to when they post. If they ever all agree, buy and buy fast.

first and probably most prolific author

http://seekingalpha.com/article/1109231-bakken-update-2013-top-bakken-stock-picks

read all 3 parts and as many of his other articles as you can consume to get a good base of information about the industry. good guy.

http://seekingalpha.com/article/689581-bakken-update-a-look-at-kodiak-s-recent-well-results

for a good understanding of the economics behind ND bakkken wells

second author that also has a pay site where many very informed people contribute in the comment section. think you can register and get a free read on occasion. real smart, well connected, but keeps his best, most current info for his paying customers

http://seekingalpha.com/article/318746-bonanza-creek-energy-update-will-stay-oily-won-t-stay-cheap


here is another site I like to read for info

http://www.milliondollarwayblog.com/p/top-stories.html

readers digest version for ND shale oil, most oil production has come from middle bakken layer and most drillers are still trying to fine tune their completion methods to get best long term returns. many areas have two, and sometimes three additional benches of shale layers underneath the bakken that they are just starting to explore but that value is not reflected in their stock price. as they prove up the additional resource rock and fine tune their completion techniques, their recoverable reserves are shooting up rather rapidly. once they start doing enhanced recovery techniques, the reserves will jump again. right now, they get anywhere from 5 - 8 percent of the oil out so they are leaving a lot of oil in place, the wells are drilled, the pipelines will be built and when they figure out how to get some of the remaining 95%, it is going to be gravy. as technology progresses and the infrastructure is built out, the cost per barrel to recover will only drop. as the rail takeway capacity to get oil to east and west coast increases (Buffett is making a killing), the price per barrel they get will also increase. many small to mid cap players will be bought out over the coming months/ years as the land is proven up and the bigger players start writing checks. my favorites right now are KOG, TPLM, WLL, BCEI and OAS. First love in the bakken was BEXP and it returned 250% for me over 18 months and when Statoil bought them out. losers included SSN, PETEF, and a couple of others where I took a flyer on companies that were holding cheap leases on the edges of known geology. stupid.....live and learn.

refiners that are set up to use a mix of cheap canadian crude and relatively inexpensive ND sweet are doing great. I bought NTI and CVRR shortly after IPO's and MPC a few months back. As long as the brent/wti spread remains good (+15) these guys are going to be cash cows. Wish I would have bought some Valero VLR but the resources are limited and I am heavy on a couple of oilers that I think will be bought out within the next 6 months. Nothing like waking up to a 30% - 50% premium offer on a major holding.

http://seekingalpha.com/article/1113601-u-s-refiners-cash-in-on-cheap-canadian-crude

pipeline mlp's are great too. WMB is where I have most of my mom's limited money. safer with steady returns

for spec plays, offshore west africa is going to make a lot of people very rich, did good with CIE (tip from friend and cashed out when it jumped) and EGY also has substantial interests in some areas that will be high yielders if/when they get the bit in the ground there. HK is a company being put togeher by Floyd Wilson. Floyd has built up and sold 2 other oil companies and made a fortune doing it. Hard to argue with his track record but I am not in it right now. ( limited resources)

other intersting company is LNG. They will be first to export nat gas from US but I got in and got out and am sticking to refiners and producers. SD is an oiler that has great assets with incredible IRR's but is headed by a crook that runs company like personal piggy bank. Getting heavy pressure from a private equity firm that should have him and the board out in a few months and then the company pps should ramp up fairly quickly.

all jmho, do your own dd and place your bets accordingly.

another great presentation that might help you see bigger picture on domestic oil

http://www.transportation.northwestern.edu/docs/2012/2012.10.31.PLG.Oil.Gas.pdf

[g8trjax]

You better hope so or your claim that we are in a recession will never come true.

Isn't the point that the govt and FED can inject so much money into the economy, we would never appear to officially go into recession?