Seeking Alpha
View as an RSS Feed

Deja Vu  

View Deja Vu's Comments BY TICKER:
Latest  |  Highest rated
  • Wall Street Breakfast: Greek Parliament Votes On Bailout Deal [View article]
    President Xi "Comrade statistician... If we do not have 7% growth, we will have to re-educate you for behaving in a counterrevolutionary way, by making you dig for potatoes with your bare hands in knee deep mud"

    Statistician "Beloved comrade leader! Our growth is, ahem, cough, cough, 7%"
    Jul 15, 2015. 08:25 AM | 15 Likes Like |Link to Comment
  • Secret IMF report: New Greek deal won't work [View news story]
    Lagarde sees Greece as the warm up act for the coming bailout of France. So naturally after illegally using the IMF to fund Greece under incredibly favorable terms, she only sees outrights no strings attached transfer of German money as the only other choice.

    The IMF has been perverted by the Europeans as a cash cow to be milked via special drawing rights that impose the costs of Europeans idle lifestyles on the rest of the world.
    Jul 14, 2015. 11:55 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Greece Capitulates To Stay In The Eurozone [View article]
    Germany was looking for that railway carriage from Compiègne...
    Jul 13, 2015. 07:52 AM | 8 Likes Like |Link to Comment
  • China begins market manipulation hunt [View news story]
    Chinese government is looking for market manipulators? Quick, go long mirror manufacturers in China!!
    Jul 12, 2015. 07:24 PM | 1 Like Like |Link to Comment
  • Slow progress as Europe ministers hand off to leaders' summit on Greece [View news story]
    Not in India. Hitting on the butt would be considered sexual abuse.
    If not across the knuckles, it would go across the thighs and calves leading to nice deep swollen welts. Received many of both kinds. Oh, well, thank god times have changed.

    Regardless, due to Tsipras antics, the Greek people are about to get financial welts...
    Jul 12, 2015. 07:20 PM | 1 Like Like |Link to Comment
  • Slow progress as Europe ministers hand off to leaders' summit on Greece [View news story]
    Tsipras is getting schooled by the principal.

    Back in catholic school, it usually meant getting ten juicy strokes with a bamboo cane on the finger knuckles from the "Brothers".

    I doubt if Merkel has a cane, but I'm sure it hurts just as much.
    Jul 12, 2015. 04:36 PM | 3 Likes Like |Link to Comment
  • Greek crisis talks head into day two [View news story]
    I always thought the Colosseum was in Rome. But Italians are just Greeks of another kind, fiscally speaking, so your comment is correct in substance...
    Jul 12, 2015. 01:30 PM | 1 Like Like |Link to Comment
  • Greek crisis talks head into day two [View news story]
    From Reuters...

    "Euro zone ministers gave Greece until Wednesday to pass new laws as a condition for negotiations on a bailout Athens needs to avoid losing access to the common currency, Finnish Finance Minister Alexander Stubb said on Sunday.

    Describing a joint proposal the Eurogroup of finance ministers have put to a summit of euro zone leaders which began on Sunday, Stubb told reporters: "It has far-reaching conditionality, on three counts: Number one, it needs to implement laws by July 15. Number two, tough conditions on for instance labour reforms and pensions and VAT and taxes.

    "And then number three quite tough measures also on for instance privatisation and privatisation funds."

    Finally the Germans & others are saying what they should have said 5 years ago. First you do the action, then we give you the money. Not first we give you the money for promises of action that are not ever kept.

    If Germans had had had this little thimbleful of sense 5 years ago, all this could have been avoided
    Jul 12, 2015. 11:03 AM | Likes Like |Link to Comment
  • Greek crisis talks head into day two [View news story]
    ECB (headed by the Italian Draghi), IMF (headed by the French Lagarde & friend of Hollande), France (by the socialist 75% income tax Hollande) are all viewing Greece as a test case for the coming bailouts of France & Italy.

    The EU, ECB, IMF blessings of Greek proposals are essentially kisses of death for Germany, Finland et al. The troika wants to bleed Germany and set up a precedent for bleeding Germany for France & Italy.

    It's clear the Germans realize this and are wary. It's one thing to support a few Greeks in glorious idleness, entirely different to support Italy and France, while they drink wine and abuse Germany.

    Looks like from the draft from the finance ministers meeting, Greece will have to do stuff first to get money. Tsipras and the Greeks are a little stunned that their fake promises aren't going to get them the money this time. They are stunned beyond words that they will actually have to take some actions to get the money to eat.

    With the banks shut and financial system frozen, time is completely on the side of the Germans. Every passing day increases the pressure on the Greeks while Germans can lean back and wait for Greece to submit to German demands. Tsipras has miscalculated badly. Unfortunately his new buddies, Lagarde & Hollande and Renzi (or whatever) don't have money to give him, they just have bigger begging bowls than his own.
    Jul 12, 2015. 10:07 AM | 3 Likes Like |Link to Comment
  • Is GrubHub The Next Groupon? [View article]
    The problem with Grubhub is that it geared towards a group of overpaid twenty something programmers in Bay area who think their two bit programming skills are so valuable they don't have the time to go get some food.

    Back in India, in every office building there would be a odd handyman or two who would come around every hour and ask who wanted tea, coffee, or food and go out and get them in exchange for tips and sometimes a freebie meal from the nearby restaurants (in exchange for the business)

    A company that basically provides an office errand man service is nothing to get excited about. Might as well get excited about the copier people or the janitorial service.

    In India we call these people "brokers" or "middle man" who tries to get a small commission from both sides of the transaction. Just because Grubhub operates a app and a website, frankly they are nothing more that the broker and middle man trying to scratch a (honest) living.
    Jul 10, 2015. 01:18 PM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: China Rebounds But Worries Persist [View article]
    China's stock market "rebound" is as real as Venezuela's official exchange rate for the bolivar against the US dollar.
    Jul 9, 2015. 06:46 AM | 15 Likes Like |Link to Comment
  • Greek Tragedy [View article]
    They could try using hot air balloons for transportation needs. I believe there is an inexhaustible supply of whining hot air from the Greek coffee houses and Syriza coalition.
    Jul 8, 2015. 08:23 PM | 5 Likes Like |Link to Comment
  • The Parody Of Errors That Led To Grexit [View article]
    Given that no austerity was done at all, the central premise of this article is weak...Greeks are still sitting around thinking they don't have to work, ever...Greeks think if they scream loud enough and throw themselves on the floor and drum their feet like a toddler having a tantrum, the rest of Europe will say "OK, OK, here is the money"
    Jul 8, 2015. 01:16 PM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Panic Spreads As Chinese Exchanges Near Shutdown [View article]
    Watching China, does Yellen finally get the idea that sending out one of the Fed board to to talk soothingly every time the Dow crashes 200 points is not a great idea? Fed officials are intoxicated with publicity they get when they goose the market.

    Do investors get the idea that the "Yellen" put is worthless? Will the talking heads on TV finally get it that "Don't fight the Fed" should never be said again? Doesn't the Chinese experience prove that the central bank can do as much as King Canute when the tide of the market turns?

    Will the masses get it that Fed liquidity cannot support a falling market, once the sentiment turns?

    Tsipras, unfortunately, left no way for Merkel to save face. Unless you give your opponents a face saving way out, they will go for your jugular, even if they don't really want to. Merkel values Greece in the euro, but Merkel values Merkel in politics even more.

    Letting Tsipras win now would mean no more Merkel, as everyone would ask what the last five years were about then. He has made it either him or her. Looks like it will be him. Merkel has her hand on the throat of the Greek banking system. When someone has a hand on your throat and is cutting off your air supply, that is perhaps not the best time to say "It's either me or you"
    Jul 8, 2015. 06:54 AM | 37 Likes Like |Link to Comment
  • Shock expressed as Greece has no new plan [View news story]
    The only thing that will actually shock me is if the European elites actually stop giving money to Greece and kick them out.
    Jul 7, 2015. 01:07 PM | 2 Likes Like |Link to Comment