Don't Step in Front of the Market Steamroller [View article]
AHA! SO your indicators come from Lord Voldemort, Macro Man! No wonder that ELDER wand (Bernanke) has been so ineffective. He did not seize his position by killing his predecessor. Apparently Lord Voldemort had a few more Horcruxes than he led Dumbledore to believe...perhaps hidden in other vaults at Gringotts bank...about the only bank which is solvent these days.
Retail Sales, PPI - and Why the GDP Could Still Tank [View article]
Just as high gasoline prices deceptively pushed consumer spending figures HIGHER, making the economy look artificially strong last summer; so ditto lower gas prices are making consumer spending look artificially WEAK. Only America's recessionista news media can manage to make HIGH gas prices AND low gas prices bad for consumers.....
Forbes Says, Devalue the Dollar. Bad Idea. [View article]
Gee...the FED should lower interest rates? With Tbills already at 0%, how much lower would ya like? Lower interest rates have done absolutely nothing to stimulate this liquidity-trapped economy. Never mind that lower interest rates penalize those antedeluvian western pennsylvania rednecks who thought it was a virtue to save money aside for retirement.
Three Inconvenient Energy Policy Truths [View article]
So many words, so little thought. We haven't had an energy policy in the US....but we have had a worthless DEPT OF ENERGY for over twenty years. There is a good start...destroy the department and return the money to the taxpayers to buy energy as they see fit.
<<<<The word bubble is a tad overused doesn’t really bring much to the table in terms of figuring things out. If you think it is a bubble fine, if not that’s fine too>>>>
A TAD overused? This is what happens when we allow word repitition to take the place of thinking. A bubble should be grounded in some basis of measurement. Thus the stock market 'bubble' of the late 1990s might have been defined by the well above average (aka absurd) prevailing PE ratios at the time..GE at 55x, for example!
Until and unless an author describing a bubble provides a plausible definition and measurement, all the discussions are just hot air.
The Treasury's auction of three-month paper sells for a ridiculous 0.005% (if you invest $1,000 in three-month bills, you get an extra five cents in return). There are mattresses that yield more than this, MarketBeat's Gaffen quips. [View news story]
At least the Tbill holders get their money back in 3 months and can roll over into stocks once they get their mojo and feel venturesome. Pity the poor souls buying 30 year paper in the low single digits, locking themselves into a return that, historically, won't even beat inflation. What do you think of THAT, Mr. Gaffen?
Oh PUH_LEEEZE can we stop having empty suits calling for rate cuts when the velocity of money is falling? Why should those few of us who actually SAVED money over the course of our lives be penalized to help the profligate credit maniacs?
Low interest rates ----which by the way, got us INTO THIS MESS---have shot their wad, and the time has come for fiscal policy to come to the front.. Thats what voters put Obama in for.
Get the economy back on track, and the FINANCIAL SYSTEM WILL TAKE CARE OF ITSELF.
Bond Bubble Coming to an End? Prepare for the Bust [View article]
I understand the point of this article and am, in fact, in on this trade at this very moment. (that squeaking you hear is me). I also agree that bonds or overpriced as the fear factor, in my opinion, should and HAS tempered a bit. And yea yea yea there is all that debt and all that money out there.
But it is incumbent on a trader to look at possible errors in his (my) thinking. If the velocity of money worldwide is collapsing---a fancy word for severe recession, for those of you who haven;'t taken economics 101---and we have deflation or zero inflation ahead, than the 3.5% on US government bonds is a real 3.5% return...and thats not too shabby for such high quality paper.
Still...these buyers actually believe inflation will average zero for the next thirty years? ;)
In Search of the Next Reserve Currency [View article]
For a country to have its currency be a reserve currency, the country must be politically, economically, and MILITARILY viable for a very long time horizon. This leaves Japan and the EU (or as i call it, the EEEEEEEuuuuuuuuuuuuuuw... out of consideration.
Stryker: Just What the Doctor Ordered [View article]
Is the low price because investors are spooked about health care reform, much like in the early Clinton years? Are other low debt/no debt device manufacturers, such as Intuitive Surgical, similarly attractive at current prices?
Johnson & Johnson Is the Latest FDA Casualty [View article]
How about an announcement like this:
The FDA is fundamentally a flawed organization, attempting to balance risk and reward for drugs when this is best left to doctors, patients, and their families.
Thus, from this point on FDA is to strictly an advisory agency. If they feel a drug is dangerous or ineffective, the sum total of their power shall be to issue the following proclamation:
"WE BEAN COUNTERS AND STATISTICIANS AT FDA HAVE TESTED THIS DRUG AND FOUND IT INEFFECTIVE AND POTENTIALLY DANGEROUS. USE IT AT YOUR OWN RISK, AFTER CONSULTATION WITH YOUR MEDICAL PROFESSIONAL."
Don't Step in Front of the Market Steamroller [View article]
cyclingscholar
Retail Sales, PPI - and Why the GDP Could Still Tank [View article]
cyclingscholar
Forbes Says, Devalue the Dollar. Bad Idea. [View article]
cyclingscholar
Three Inconvenient Energy Policy Truths [View article]
The Treasury 'Bubble' [View article]
A TAD overused? This is what happens when we allow word repitition to take the place of thinking. A bubble should be grounded in some basis of measurement. Thus the stock market 'bubble' of the late 1990s might have been defined by the well above average (aka absurd) prevailing PE ratios at the time..GE at 55x, for example!
Until and unless an author describing a bubble provides a plausible definition and measurement, all the discussions are just hot air.
Perhaps bubbles of hot air! :)
cyclingscholar
The Treasury's auction of three-month paper sells for a ridiculous 0.005% (if you invest $1,000 in three-month bills, you get an extra five cents in return). There are mattresses that yield more than this, MarketBeat's Gaffen quips. [View news story]
cyclingscholar
The End of Excess [View article]
These times are preciousssssssssssssss...
cyclingscholar
Real Price of Gas Falls to Five-Year Lows [View article]
cyclingscholar
Bleeding in the Labor Market [View article]
Low interest rates ----which by the way, got us INTO THIS MESS---have shot their wad, and the time has come for fiscal policy to come to the front.. Thats what voters put Obama in for.
Get the economy back on track, and the FINANCIAL SYSTEM WILL TAKE CARE OF ITSELF.
cyclingscholar
Friday Outlook: Commodities, Emerging Markets [View article]
Rock on!
cyclingscholar
The Current Compulsion: Bottom Calling [View article]
Bond Bubble Coming to an End? Prepare for the Bust [View article]
But it is incumbent on a trader to look at possible errors in his (my) thinking. If the velocity of money worldwide is collapsing---a fancy word for severe recession, for those of you who haven;'t taken economics 101---and we have deflation or zero inflation ahead, than the 3.5% on US government bonds is a real 3.5% return...and thats not too shabby for such high quality paper.
Still...these buyers actually believe inflation will average zero for the next thirty years? ;)
cyclingscholar
In Search of the Next Reserve Currency [View article]
cyclingscholar
Stryker: Just What the Doctor Ordered [View article]
cyclingscholar
Johnson & Johnson Is the Latest FDA Casualty [View article]
The FDA is fundamentally a flawed organization, attempting to balance risk and reward for drugs when this is best left to doctors, patients, and their families.
Thus, from this point on FDA is to strictly an advisory agency. If they feel a drug is dangerous or ineffective, the sum total of their power shall be to issue the following proclamation:
"WE BEAN COUNTERS AND STATISTICIANS AT FDA HAVE TESTED THIS DRUG AND FOUND IT INEFFECTIVE AND POTENTIALLY DANGEROUS. USE IT AT YOUR OWN RISK, AFTER CONSULTATION WITH YOUR MEDICAL PROFESSIONAL."
cyclingscholar