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Doug Carey, CFA

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  • 10 Bold Predictions for 2011, Part 2 [View article]
    "Housing prices will take a number of years to return to pre-recession levels..."

    Yes, a number of years. As in 25 to 35. And that assumes Freddie and FNMA keep getting their unlimited bailouts.
    Dec 27 05:18 PM | 19 Likes Like |Link to Comment
  • The One Reason to Own Gold and Silver [View article]
    Printing money is defaulting. It's just a more hidden, sinister way of doing it. Everybody should own at least some gold.
    Dec 15 11:04 AM | 16 Likes Like |Link to Comment
  • The Big Picture: Is Gold Going to $4,500? [View article]
    It is important to keep in mind that the end game is that gold will not make you incredibly wealthy unless you are leveraged. In theory just owning gold will keep your wealth about constant. To truly increase your wealth in the long-run you have to either buy gold on margin, but options, or invest in gold mining stocks.
    Nov 30 01:33 PM | 15 Likes Like |Link to Comment
  • How Bond Market Vigilantes Work [View article]
    Federal revenue growth of 10%? If that is true AND somehow it stays near 10% for the forseeable future, then clearly we've discovered free energy or something of that nature. No way will we see 10% federal revenue growth for any length of time. 1% growth would be lucky over the next 10 years.
    Dec 15 05:27 PM | 14 Likes Like |Link to Comment
  • GE: Everything That's Wrong With Capitalism in America Right Now [View article]
    Wrong. They did receive TARP funds.
    Jan 27 09:40 AM | 13 Likes Like |Link to Comment
  • Gold: A Bad Investment and Getting Worse Part I [View article]
    A ridiculous article, but it brought forth so many good comments from folks who understand why gold is money. Thanks to all the commenters who understand what is going on in the world today and why gold is a great hedge against currency debasement.
    Jan 18 01:25 PM | 13 Likes Like |Link to Comment
  • Netflix CEO Reed Hastings Responds to Whitney Tilson: Cover Your Short Position. Now. [View article]
    Netflix is a great company and has consistently surprised most people with their innovation and customer service. Reed Hastings is the kind of CEO that many strive to be. I just wish the PE of Netflix was closer to 30 instead of 70 so I could buy some more.
    Dec 20 10:09 AM | 13 Likes Like |Link to Comment
  • GE: Everything That's Wrong With Capitalism in America Right Now [View article]
    It's a matter of degree. GE should be bankrupt right now.
    Jan 27 09:40 AM | 12 Likes Like |Link to Comment
  • Housing Starts, New Permits Rise Sharply In September: The Economy Isn't Deteriorating [View article]
    The author knows nothing about what causes true economic growth. This could have been written by Paul Krugman.
    Oct 17 02:15 PM | 11 Likes Like |Link to Comment
  • The End of America? Not Quite [View article]
    Tim- You are missing one very serious problem when you talk about wages keeping up with the devalued dollar. Whoever gets the printed money first makes out like a bandit. Therefore somebody has to lose and somebody is being stolen from. The banks get the money first, therefore they win. The folks who are on a fixed income lose. They are stolen from. Their wealth is transferred to the banks via Fed printing and fractional reserve lending.

    Also, real disposable income has gone up, but the MEDIAN real income has barely moved for over 10 years. Why is that? Because the banking sector has made huge profits while the middle class has gone nowhere. The finance sector in general used to be 5% of overall corporate profits. Now it is 30%. They have made the money. The middle class is getting wiped out by the oligarchs in the banking sector combined with the Federal Reserve printing money. I really think you're way off base with this article.
    Jan 23 12:34 PM | 10 Likes Like |Link to Comment
  • 90% Of Green Energy Stocks Will Go Bankrupt... So Buy The Sector? [View article]
    If you bet on green energy companies you are betting on government handouts. It's that simple. Without the handouts, no question 90% of them will go bankrupt, as they should.
    Apr 19 10:53 AM | 9 Likes Like |Link to Comment
  • Annaly: Easiest Way to Make a 14.5% Return [View article]
    You beat me to it. This is a great example of wealth transfer from common citizens to the banks. You have the dual theft of low rates held down by the Fed, which REITs borrow at, and the federal gurantee on the bonds they buy. The low rates rob savers and give to the banks. The federal guarantee has already robbed taxpayers of their money.

    That being said, this is an interesting play on betting that the Fed will not raise rates above 0.5% any time soon. I certainly believe that is the case. Bernanke will not raise rates until inflation is wildly out of control.
    Feb 11 11:51 AM | 9 Likes Like |Link to Comment
  • GE: Everything That's Wrong With Capitalism in America Right Now [View article]
    If I had a short to disclose, I would have disclosed it. Do you accuse people of such things daily?
    Jan 27 09:43 AM | 9 Likes Like |Link to Comment
  • GE: Everything That's Wrong With Capitalism in America Right Now [View article]
    Yes, it did receive TARP funds.
    Jan 27 09:41 AM | 9 Likes Like |Link to Comment
  • How Did Economists Fail Us So Badly? [View article]
    The economists and econ professors of today believe they are actually physicists. In my econ classes in grad school we learned more calculus than common sense economic behavior. These academics think they can boil down an economy into one differential equation. This has led to the incarnation of people like Ben Bernanke and Paul Krugman. The field of Economics must change course and it starts with colleges.
    Nov 30 01:36 PM | 9 Likes Like |Link to Comment