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Carlos X. Alexandre

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  • Great Graphic - Case Study: San Jose Hiked Minimum Wage [View article]
    One more thing: the minimum wage must be set at the local level because the cost of living in New York city is different from Memphis, TN, and the impact is very different. The Federal government can set a guideline in terms of a formula, but once they become central planners, forcing their idiotic ideas on everyone... well, the result speaks for itself thus far, and we haven't seen the end of the story yet. A good analogy is the euro, a common currency for Germany and Greece where the only thing they have in common is the "G."
    Apr 14 06:48 PM | 7 Likes Like |Link to Comment
  • Great Graphic - Case Study: San Jose Hiked Minimum Wage [View article]
    I support a higher minimum wage for a variety of reasons although it is based on common sense, not politics. But to draw a conclusion from a span of two years is extremely unreliable and downright useless, especially when so many other economic factors are in play. Lastly, S. Jose is a high tech area where consumers can afford higher food prices ($5 or $6 for a burger is meaningless when one makes $100,000+).
    Apr 14 06:37 PM | 4 Likes Like |Link to Comment
  • Economic Outlook For Rest Of 2014: Acceleration [View article]
    I happen to disagree with James, but only time will tell. On the Buffet topic, I would like to add something that most people miss. Buffett himself states that the future is always bright, and that in itself is a long-term assessment, although he has admitted that even when he says virtually nothing and dumb things, people still listen.

    But here's my personal observation: Warren is the public face of Berkshire Hathaway, but Charlie Munger is the brain. More often than not, when Warren skips Charlie's advice, Warren screws up and has said so in a couple of occasions. On the other hand, Charlie rarely says anything publicly and almost never gives interviews, and whatever he has in mind, he keeps it very close to the vest.
    Apr 4 04:13 PM | 7 Likes Like |Link to Comment
  • Quantitative Extravaganza Fiddle-Faddle, Up The River Without A Paddle [View article]
    You have a great point there! Then, we're screwed!
    Mar 31 04:58 PM | 2 Likes Like |Link to Comment
  • Quantitative Extravaganza Fiddle-Faddle, Up The River Without A Paddle [View article]
    No bitterness here: Up 302.58% since 2011 and up 13.49% year-to-date. Should do your homework before commenting. All the best!
    Mar 31 02:50 PM | 1 Like Like |Link to Comment
  • Markets Digesting Change In Conversation's Tone [View article]
    Maybe a contributory factor, but it happened late in the game because WTI has been in free-fall since March 4, when it opened at $104.89, with Brent following a similar path.
    Mar 16 06:12 PM | Likes Like |Link to Comment
  • The Fed's Reverse Repo Actions In 2014 Means QE Effectively Ended In December But They Forgot To Tell Us [View article]
    With QE we don't know when the Fed reverses its purchases apart from what has been broadcast, and the best case scenario, as far as liquidity is concerned, securities will be held to maturity and not reinvested into something else. Unlike the currency markets, where buyers don't tell the market when they will sell, reverse repos advertises up front when the transaction is reversed, and although the Fed can do repos with up to 65 days in maturity, the list shows the longest maturity to be 4 days. If they truly meant to remove liquidity in a meaningful way, wouldn't they do repos for 65 days, which, in the big scope of things, is not a long time. I certainly don't know why they're doing it, but being the Fed, an institution that is clueless at best, they may just engage in exercises to look busy and intelligent.
    Mar 14 07:37 PM | Likes Like |Link to Comment
  • The Fed's Reverse Repo Actions In 2014 Means QE Effectively Ended In December But They Forgot To Tell Us [View article]
    So it's a wash, or $4 trillion in-and-out with no residual effect.
    Mar 14 07:12 PM | 2 Likes Like |Link to Comment
  • The Fed's Reverse Repo Actions In 2014 Means QE Effectively Ended In December But They Forgot To Tell Us [View article]
    OK, so, for example, the $83.725 billion on January 2 with a 1 day term was sold by the Fed to the banks, and then bought by the Fed from the banks on January 3?
    Mar 14 04:44 PM | 1 Like Like |Link to Comment
  • The Fed's Reverse Repo Actions In 2014 Means QE Effectively Ended In December But They Forgot To Tell Us [View article]
    From Investopedia: "Definition of 'Reverse Repurchase Agreement': The purchase of securities with the agreement to sell them at a higher price at a specific future date. For the party selling the security (and agreeing to repurchase it in the future) it is a repo; for the party on the other end of the transaction (buying the security and agreeing to sell in the future) it is a reverse repurchase agreement." Now if there's a term of 1,2,3 days, does that imply that the Fed sells it back at maturity, in fact sending the money back into the system?
    Mar 14 04:24 PM | 2 Likes Like |Link to Comment
  • 5 Reasons Why We're Nowhere Near A Nasdaq Crash [View article]
    They're arriving, as predicted, and the room is almost full!
    Mar 10 12:58 PM | Likes Like |Link to Comment
  • This Time It Is Different - Americans Are More Pessimistic [View article]
    Although it helps to have a "real" understanding of the economy, "The economy is not the stock market, and the stock market is not the economy," and that is the simple truth! As for the article, I can only say one thing: Andy Zaky 2.0. All the best.
    Mar 7 11:05 PM | 2 Likes Like |Link to Comment
  • The Biggest Myth About Quantitative Easing [View article]
    "Buybacks don't actually raise the price of a company's stock because the p/e is adjusted downward to reflect the decrease in cash."

    "EPS will go up from the buyback only because there are less shares outstanding so the same earnings are distributed among less shares."

    Maybe I've been removed from the nuances of finance for too long, but can't seem to consolidate the thoughts!
    Mar 7 11:34 AM | Likes Like |Link to Comment
  • The Biggest Myth About Quantitative Easing [View article]
    I'm confused! Doesn't the decrease in cash come from the balance sheet and earnings from the income statement? Maybe I should refresh my accounting.
    Mar 7 12:23 AM | 2 Likes Like |Link to Comment
  • We're In The 'Whateva' Zone [View article]
    For whatever it's worth, be extremely aware of the Harry Dents of the world. Dent sees the Dow hitting 6,000 by 2016 due to demographics, and I think that he has it wrong, especially on the demographics front. The 6,000 claim I will not address because I can make a fool of myself in many ways without such a call. On the flip side, he authored a book in October 13, 2000 titled "The Roaring 2000s Investor: Strategies for the Life You Want." http://amzn.to/1iaekBO
    In it you'll find, among other stuff, that "... we could see the Nasdaq hit 25,000 by 2008."
    As an added bit of information, he's not very good at managing money. http://cbsn.ws/1czpSXD
    Buyer beware and open minded!
    Mar 4 11:48 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
543 Comments
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