Dave Wrixon

Why Krugman Is Wrong About the Yuan

@ James Lewis

"I have to say however I do not agree with what you have stated in this article. The USD is not weak on any long-term relative basis, purachins power basis. If you look at long term currency charts you will see it is exactly in the middle of its range. Not expensive, not cheap. Not high, not low."

Yes, but such comparisons are distorted by the amount of credit available. Purchasing Power is in the US is about to take a haircut.

Why Krugman Is Wrong About the Yuan

Probably because you have got very comfortable with US Government Propaganda. It has to be a bit like watching New on a different TV channel?


On Nov 20 06:37 AM BigBadBarry wrote:

> This almost sounds like Chinese Government propaganda to me...

Large Caps Could Lead the Market Much Higher

Unless of course it is to drive his own commission fees!


On Oct 18 03:13 AM j-dub wrote:

> "I continue to think that the economy will be challenged for quite
> some time and that the earnings estimates out there are too optimistic.
> But what if I am wrong?"
>
> In actuality, you are not really doubting yourself, are you Mr. Brochstein?
>
> You don't think, you know that this is the case. Reality , logic
> and reason force that economic case upon us as a country.
> So what you are really thinking in your heart of hearts is:
> "Can the market can continue to disconnect itself from reality or
> will reality catch up to it?"
> You assume that reality must take hold, as it always eventually does.
> But maybe, JUST MAYBE, you think, "this time is different."
>
> I have bet very heavilly this past week that it's not. No responsible
> money manager should seek out new models proving that it is.

Slower Going for IT Spending - But the Recovery Continues

Yes, and unfortunately this represents the cutting edge of American Industry. Pretty sad when you think about it. It is only a matter of time before the Chinese bring out their own OS and then start offering it in English and other languages.


On Sep 18 03:09 PM brewer wrote:

> IT has no products to buy because they only buy Microsoft trash to
> protect their own jobs. Microsoft has gotten so lazy that they
> only manage to released warmed over rehashed bloatware every decade
> or so, and even that is not up to any standard anymore. Vista
> 2.0 (aka Windows '7') isn't going to see much in the way of IT adoption,
> either, by their own admission.
>
> The mentality of Microsoft is 'good enough'. But if all the windows
> users think XP is 'good enough' then that is a problem. No innovation
> whatsoever. IT doesn't want to do any actual work anyhow, neither
> does Microsoft, so it's a match made in heaven, really.

Don't Count American Manufacturing Out Just Yet

Yes, but you consume them rather than sell them.


On Jun 09 08:53 AM MichaelJ007 wrote:

> You forgot to mention some of the true testaments to American Engineering
> and Manufacturing- Automatic Weapons, Fighter Jets, Missiles, Ships,
> Subs and Soldiers. We still make THE BEST!

Don't Count American Manufacturing Out Just Yet

"Which nation would you rather trust not to confiscate your assets on a whim, Russia, China or the U.S.?"

Ask the Chrysler and GM bond holders!

Market Update, Friday Night Edition: Pondering the Data

Market reactions are just froth. Ultimately valuations are determined by fundamentals even if it takes months or even years for the thundering herd to wake up to reality.

The fundamental hinge of new capital investment that is going to increase the wealth generating core of the economy which has been severely hollowed out in recent years and replaced by consumer waste base on cheap and easy credit. To my view there is on evidence of either the materialisation of the necessary capital investment or indeed the cheap easy credit.

What that means in short is that whatever the sentiment on Wall Street the impending slowdown is starting to look a lot like one of those nuclear test train crashes.


On Jun 06 12:13 PM tobi wrote:

> Of course the number is not reality and there was some fixing, but
> what matters in the end is how the market reacts and the market has
> loved all the numbers and manipulative methods so far, the market
> to myth accounting and AIG money was what started it all in the first
> place.I only hope they continue to do so and get better at it while
> the market stays naive.

Candidates to Replace GM, Citigroup in the Dow

Describing Google as a speculator's toy really indicates just how badly you don't get it.

Trying to replace GM with like for like is pointless because the entire nature of the US economy is changing. Unfortunately, it is not all onward and upward, but it strikes me as bit lame belittling the few bastions of progress.

Yesterday's Rally: More Upside Volume than Monday's Sell-off

Well, all I would say is that moving averages mean nothing to general trend, until the market knows what is happening to earnings. If earning hold or recover, then stock value will do the same. If earnings meltdown then we are headed a lot lower than this. I don't think your charts can really answer that one can they? Until, the dust settles what you are going to get is volatility.

The Bull Run Begins This Week

Yes, but what you need to understand is that there is almost no objective analysis ever coming out of Wall Street. Nearly all comment is agenda driven in one form or another, and the ratings agencies are even worse.

Even here the agenda driven actions are rife. Try making an adverse comment about Gold and see how quickly you comments get sabotaged.


On Jan 18 01:58 PM Robotto wrote:

> "No Gloom here. Only Good News."
>
> Perhaps the market is not shrugging off bad news. Maybe they are
> just ignoring them like this author is. If that's what the market
> is doing, I would be very scared. This article sounds so desperate
> that it made me feel more scared than I was feeling before. When
> people start willfully ignoring bad news, you know things are really
> bad.