Seeking Alpha

Gary A

 
View as an RSS Feed
View Gary A's Comments BY TICKER:
Latest  |  Highest rated
  • After Boston: Why U.S. Markets Are Vulnerable [View article]
    True, but we are closer to historical tops than to historical bottoms.
    Apr 17, 2013. 12:42 PM | 1 Like Like |Link to Comment
  • Gold: Hedge Against Deflation [View article]
    True, but we are in a trap. To not bail out the banks means that credit dries up for local and state governments right?
    Apr 17, 2013. 12:03 PM | Likes Like |Link to Comment
  • Bernstein: The Fed Will Be Behind The Curve When It's Time To Tighten [View article]
    Larry, how can the Fed raise interest rates when these trillions of dollars of swaps are, for the banks, a low interest rate bet?
    Apr 17, 2013. 12:01 PM | Likes Like |Link to Comment
  • Gold: Hedge Against Deflation [View article]
    Yeah, this is where it gets interesting. Deflation must not be allowed, but the Fed is powerless to raise interest rates too much to fight inflation. So a little disinflation is not something Bernanke worries about. After all, the banks are all on the low side of the interest rate swaps trade. They all are on the low and floating side of the bet and their counterparties are all on the high rate fixed side of the bet.

    So then, we can't grow much. The Fed can't fight the resulting inflation with higher interest rates or LIBOR will surpass the fixed rates and the counterparties will win and the banks will go under.

    So a banking crisis will certainly occur if there is a repeat of 2005-2008.
    Apr 17, 2013. 11:43 AM | Likes Like |Link to Comment
  • After Boston: Why U.S. Markets Are Vulnerable [View article]
    Staying in the market while a slow bleed occurs is what happened after the dot com bubble. Are we there now? If so, who has the nerve to stay in the market?
    Apr 17, 2013. 11:37 AM | Likes Like |Link to Comment
  • When The Cost Of Sovereign Default Plunges [View article]
    Serial defaulters sometimes have a good reason to default. Argentina should default if American courts back Singer. That is a no brainer. And, as Felix says, it won't hurt Argentina that much anyway.

    I think Argentina should not pay anything back to anybody if the court sides with Singer. Just my opinion.

    The only country that has not defaulted in the last hundred years is the US.
    Apr 17, 2013. 11:28 AM | 1 Like Like |Link to Comment
  • Tableau IPO: Let The Gold Rush Begin For Enterprise Software IPOs [View article]
    My son sent me this article. He thinks this stock could be a winner and uses their charts at work.
    Apr 16, 2013. 11:59 AM | Likes Like |Link to Comment
  • Ben Bernanke's Diabolical Plan To Turn Mortgage-Backed Securities Into Pristine Collateral [View article]
    Thanks for responding to the article. You may be interested in this important chart, proving that Ritholz is likely right. http://bit.ly/13NrhJM

    The government mortgage pools did not cause the housing bubble. The chart made me realize this, and then I read where Barry came to the same conclusion.
    Apr 16, 2013. 11:14 AM | Likes Like |Link to Comment
  • 5 Reasons Why You Should Consider British Gambling [View article]
    American Wagering was a weird company. My daughter worked there and felt emotionally abused. My daughter is happy this company took them over. I hope they cleared out the cockroaches.
    Apr 11, 2013. 03:31 PM | Likes Like |Link to Comment
  • Austerity Is The Key To The Eurozone Crisis [View article]
    You said:

    " behold the Central Banks will end up with the prize. Once this has happened there will be no regional banks left to fall back on. Every loan will flow directly from the Central Banks, and when the Fed has control over every home in the US they will suddenly devalue them, offer them to the public for pennys and they will be the hero."

    That is a lot to think about Far Side!!
    Apr 10, 2013. 10:05 PM | Likes Like |Link to Comment
  • Austerity Is The Key To The Eurozone Crisis [View article]
    You are talking about hot money that goes in and then leaves the community. Yes, we are all concerned about that. And your judge friend has it about right.

    Thanks. and you may want to read this; http://bit.ly/16N8ahu
    Apr 10, 2013. 01:34 PM | Likes Like |Link to Comment
  • Austerity Is The Key To The Eurozone Crisis [View article]
    "Just ask any judge in any criminal court. They know the eventual course, and it terrifies them."

    Can you elaborate, Farside?
    Apr 9, 2013. 10:53 AM | Likes Like |Link to Comment
  • Austerity Is The Key To The Eurozone Crisis [View article]
    Yes, it is the key to bank dominance and oppression of the middle class. Prior to derivatives and demand for collateral with swaps, the middle class actually grew stronger in the USA.
    Apr 8, 2013. 11:44 AM | Likes Like |Link to Comment
  • Here's What Happened The Last Time The Fed Owned All Outstanding Treasuries [View article]
    But the banks are making 10 year loans. They force the borrowers to take the fixed higher rate and swap for the floating rate with the lower interest rate. They make massive profits on selling this "protection".

    So, they are all forcing massive demand for treasuries as collateral for these trades. The more trades, the more collateral needed.

    This is different than in the past Joe, IMO. The Fed is like the mafia here. They will show no mercy and their TBTF banks will always create demand for collateral. Eventually, it would not surprise me that companies wanting loans pay the Fed for the collateral, the treasuries. Could that happen is the question.

    But demand for treasuries is monumental.
    Apr 7, 2013. 02:37 PM | 2 Likes Like |Link to Comment
  • Here's What Happened The Last Time The Fed Owned All Outstanding Treasuries [View article]
    I am wondering if the Fed will unwind or choose not to unwind. The Fed controls interest rates, so why would it ever be caught in a surprise as to interest rates? The banks have all bet, in collusion with the Fed, that interest rates will stay low forever. That is why they have interest rate swaps taking the floating side of the bet at lower rates.
    Apr 7, 2013. 01:40 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
3,156 Comments
5,506 Likes