Greg Pinelli

What Do We Need In 2009? More Failure

Duh..we ARE looking at it for what it is..stupid. If GM and Chrysler (to a lesser extent Ford) can't make it..tough! They can either product a limited line of successful vehicles..sell their names and franchises (whatever THAT is worth)..and go do what they do best..play golf at exclusive country clubs. The people that work there..maybe they should talk to their Union...
The world passed these dinosaurs by...when people could easily look updealer cost just why in God's name would they pay extra so the UAW could act like its 1958????
Catch a clue pal..the author is precisely correct....this isn't a bailout...IT'S THEFT.


On Jan 01 10:31 AM John D wrote:

> It's hard to believe that so many look at the auto industry as a
> bailout - duh - you should all be looking at it for what it is. The
> financial sector screwed up royally which Wall St & the government
> watchdogs all allowed to happen and all of the attention to the auto
> sector is nothing more than a "smoke & mirrors" show to distract
> the public. If anything the government allowed the financial sector
> to collapse - gave them $350 billion with NO accountability (bonuses
> ???), don't know where most of it went and the only thing that the
> auto industry did was to get caught in the middle of the credit crunch
> which they all rely on to sell their products. Wagner & the boys
> should not have been in Washington answering questions - the government
> should have been in Detroit telling them how they screwed it up so
> bad and instead of bonuses on Wall St. the attorney general should
> have been laying charges to those that abused the system enough to
> set off a crisis of GLOBAL proportions. If GM - Ford & Chrysler
> are in financial trouble it's only because of FREE trade instead
> of EQUAL trade which is another government funded blunder - "come
> & take ours jobs and profits - we're big enough to handle it
> - NOT" Hopefully a new government will take the bull by the horns
> and make changes to an unfair policy to allow the DUMPING of cars
> and many other products. Time to level the playing field!!

10 Drivers That Will Affect the Market in 2009

You certainly answered the intelligence question..and anyone reading your gutless posts could hardly argue..Yes..I'd buy corporates because the spreads between Treasuries and Corps is too wide..I would also buy gold..because gold is forward looking and will handle any issues that come alone when credit creation expands beyond what anyone is expecting..got that a.whatever..duh???
Read my post and please..if you're fairminded..notice I ACTUALLY GAVE SOME RECOMMENDATIONS!!..any... can take cheap potshots..and believe me..this dude a.....whatever..is on to that game shamefully.


On Dec 29 01:34 PM aitvaras wrote:

> So let me get this straight: Pinelli wants you to buy Bonds in a
> currency which will be depreciating by the week instead of more Gold
> and Silver with that money.
>
> I really don't understand the reasoning here. I guess, I'm not not
> very smart, duh.

10 Drivers That Will Affect the Market in 2009

I like that Corp Bond trade..and Closed End Fund Pfd portfolios also...very large, unsustainable spreads. Treasuries are simply the latest panic purchase..Gold (and silver) is going to look very cheap at Decembers $900 (and $11) by April of 2009...it is IMPOSSIBLE to slam that much liquidity power (credit) into financial institutions and not have it gush at some point..and it will gush worldwide...it's hard to imagine a currency that won't be depreciating by the week.

The Fed Money Machine Gears Up to Print Trillions

The amazing aspect of this lurch towards incredible monetizing is that gold remains very subdued. My take is that the counter force of deleveraging is sucking up dollar denominated safe resting spots and the recognition that when the dust clears there's going to be MOUNTAINS of money floating around hasn't hit yet.
The crowd rushing thru the door on the way out will be just as large as the one cramming thru it now..gold and almost any hard asset will go ballistic.
In fact..real estate could once again streak ahead! Cash will once again be trash..literally.

Hyperinflation, Here We Come

Bui...Lien..the pathetic Mark Anthony...and now So...what marks all three clearly is a lack of any hard analysis or insight. In the case of Mr. So its as simple as taking a trend and projecting it straight line into the future...to say the least, a highly amateurish way of analyzing economies..or potential investments.
I would guess that we are far more likely entering a period of a rolling economy..different than anything we have precisely experienced. Periods of inflationary bursts..followed by credit contractions that turn investment assumptions upside down. VERY schizophrenic markets. There are very few safe havens one can cling to..but..I'd be looking to gold...a clean personal balance sheet..safe haven oil/gas producers like PWE/Linn Energy....and learning how to grow some of one's own food. This could get very nasty...but will certainly not be as simple minded as detailed by So..or some others.