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Latest comments  |  Highest rated
  • Dollar Nearing a Critical Level [View article]
    The author is nice enough not to compare the dollar to a basket of commodities including gold where the decline is more dramatic. Rather, comparing it to other fiat currencies that are being watered down too gives a more tame approximation.

    The fall of the dollar since Q1 hes been steep and astounding. Apparently, our belief about what is critical means nothing to Bernake. Perhaps he is content to let America's assets, besides stock, drop of 5-10% a year for every year he is in power. He isn't called Helicopter Ben for nothing you know.
    Sep 23 07:43 PM | 22 Likes Like |Link to Comment
  • Is the Recession Really Over? [View article]
    You are very correct, however Bernake is playing a political game with economic overtones. Hos sttement about the end of a recession is meant to inspire yet he knows very well that the end of the recession as he is defining it is a end to a cataclysmic slide not a recovery.

    And yet even though he technically says nothing economically about a recovery, his interviews always sound like he is talking about a recovery. He can not eat his cake and have it too. Either he is a good economist who is talking in real economic terminology or he is not and is talking about the general belief that their is a turnaround. So far he has yet to clarify his point.

    It smacks of more Greenspanism, talking like a shaman high on drugs while they destroy the foundations of capitalism and economic stability in exchange for brief political stardom and a few million dollars to publish a book about it. If this is their goal, I find the Miss America Pagent more meritous and productive than their ambition.
    Sep 16 03:12 AM | 22 Likes Like |Link to Comment
  • Why Seeking Alpha Embraces Pseudonymity [View article]
    Although some SA writers may have motives such as long or short positions, I don't think this exceeds the conflict of interest investment houses and their employees have in pumping stocks. BY and large SA is more balanced in their long and short articles than the always sunny days research the traditional financial press pumps out.

    SA also have one more thing going for it. Commenters like myself are devoted to jump onto fallacies and questionable information and often offer up different perspectives than you will find elsewhere.
    Mar 19 07:30 AM | 21 Likes Like |Link to Comment
  • How To Retire At 30! [View article]
    I think the author's point is quite good. Retirement is partially or completely based upon expectation or ability. Those forced to retire must live off of $2k a month or less. Those with a modest expectation of say $30k a year will be more able to achieve it than the silly calculators plugging in $80-100k a year income in retirement. The going financial advisor would prefer you to work to give them money until you drop dead. You are the cow and they milk you as much as they can.
    Jan 29 11:24 PM | 21 Likes Like |Link to Comment
  • 2014 Will Be The Turning Point For Clean Energy Fuels And Westport Innovations [View article]
    It is annoying because it is proven workable technology that emits less pollution and is cheaper. It is sad that China which some call technologically behind us has successfully implemented it and run LNG and CNG transportation for years while we support and dicker around in ethanol which does neither and costs more due to government meddling.

    In the meantime we are swimming in natural gas and even light sweet crude and yet the oil industry's only solution is to lobby for us to export it because they don't want to make refineries that process cleaner cheaper fuel here because it undermines their existing business. They prefer the dirtier more expensive oil of the Middle east. Most likely they will get their way eventually and the us will be deprived of the cost benefits of light sweet crude, LNG, and CNG and run massive deficits importing oil while exporting oil and gas we could use here.

    When people say we have no energy policy they are somewhat right. We don't have a logical energy policy built around the benefit and well being of US citizens or consumers. We do have an energy policy built around crony capitalism, inefficiency, and waste caused by dirty politicians and the oil industry lobbyists that want $5 gas at the gas station, not $2 gas and want to destroy competition with reformulated gas like in California to shut out the competition and spin some of the profits to the party that supports it's weird gas (strangely this is democrats). so yes, Republicans and Democrats are trying to siphon money off you with terrible energy policies.

    Consequently, LNG and CNG have a long fight ahead that some would call a losing one because the government sure as hell aren't going to support it. And dirty politicians will do anything to stop it just like 10,000 other rational things that will make the US more efficient, competitive, and lower prices for consumers.
    Jan 21 12:32 AM | 21 Likes Like |Link to Comment
  • Debunking Dividend Agnostic Assumptions: Here's What Really Makes Income Investors Tick [View article]
    Index funds are just a convenient way for government to fleece you with capital gains before you sell as well as a way for fund managers to pay themselves a hefty margin and then trading fees for what can be done by computers and a low paid nerd.
    Sep 2 06:16 AM | 21 Likes Like |Link to Comment
  • Christopher Thornberg: Double Dip Is Coming in 2011 [View article]
    The Fed is already keeping rates low. They pretty much can't go lower. If the Fed starts destroying money by excessive QE and backstops on bad loans including Fannie and Freddie debt or the Federal government runs continued nightmarish deficits it is true we can have inflation due to a collapse of the dollar. However, it is not a foregone conclusion. There will certainly be backlash to this.

    The more plausable outcome of a double dip with deflation to start. In the end prices must reset and bad debt must be purged out of the system through normal but dismal conditions. As Ronald Regan said, "If not now when? If not us, who?" Obama should have signed up for fiscal stringency to start and then eased up later if possible. Now everyone is going broke including the state governments and the Federal Reserve and Treasury have over-leveraged themselves like a zero down interest only Alt A homebuyer.
    Mar 11 12:22 PM | 21 Likes Like |Link to Comment
  • The Hidden Depression of the 2000s [View article]
    Thanks for the report as firm statistical confirmation that the false 2000 recovery was not a recovery as much as a debt fueled bubble. In the context of regulatory and accounting easing compounded by a lax low interest rate easy money policy by an indigent Federal Reserve, we can see that easy solutions only mask over the eroding fundamentals. Seeking to reverse them is much harder and not something being done today.

    Today our easy money policy is at zirp, even worse than before. Our off book accounting is still around along with an even more lax accounting standard. And our national debt has not only skyrocketed but under Bush Jr. and Obama is encouraging the worst, most counter productive allocation of resources in history by rewarding failed banks and quasi-public institutions with not only money but letting them eat marketshare and starve out any legetimate competition.

    Eventually this will stop. Most likely it will end, sooner or later,in an austerity program for the US that will put this downturn to shame.
    Sep 20 05:20 PM | 21 Likes Like |Link to Comment
  • Why Today's Stock Markets Are All About Confidence and Gullibility [View article]
    A market move up is not in itself a bull market as you rightly noted. However, betting against the market is quite dangerous. The 1.3 trillion government spending binge has just started. It won't wind down until 2011. Thus market distortion on a grand scale is still in full swing. Couple that with the Fed monetization and you get a whacky silly circus liable to keep people glued to their seats until the grand finale.

    Hopefully, this next circus market grand finale won't bring the housing market down like last time. Rather, they may choose just to burn the whole market down. Well, don't expect the gawkers to leave. I don't expect a crash until at least a cool $1 Trillion is dumped all over Washington's best friends. They just love it when it rains money. And this time it's gonna pour.
    Aug 11 07:31 AM | 21 Likes Like |Link to Comment
  • We're in a Hot Potato Market [View article]
    "The fast money can shift directions much quicker than you can hit the "sell" button.", you sure said that right. High frequency program traders (which are machines) can trade in the millionths of a second. My, my they should be professional video game players if they can press a mouse button that fast.

    If you subtract out program trading you will realize the low volume in the market is very, very unhealthy even though someone saves the market every last hour every day these days. It is quite humorous to see. Does anyone believe the market closes? Personally, I would give more weigh the average price paid over the day more than the closing price.
    Jul 28 04:54 AM | 21 Likes Like |Link to Comment
  • California on the Brink? [View article]
    California is run by the biggest Constitution in the word thanks to a gamete of propositions that are spliced onto the Constitution like virus DNA onto a sickly cell. Consequently, the courts must make rulings to determine which of the conflicting parts of the Constitution are even leagal making the parts that aren't leagal a kind of junk DNA.

    It is not Republicans or Democrats that are to be blamed. It is a very broken system that is in disrepair. The worse the State economy gets the worse the propositions will be to goint to the ballot there.

    The real propositions that should be wrote and passed should be on how to cut just about every government spending and/or how to reward agencies for spending less than what is mandated to them. The problem is there is no one to pass it because there is no special interest group who will make money from real budgetary reform. The Proposition system has been hijacked by people who figued out it's easy to spend a few million trying to make billions every year off of the public.

    Sales tax at 9.25% in California is a great way to kill your domestic economy. Everytime I pay it, I feel like I'm tipping the government which in effect I am even though I get lousy service. We need to figure how to give the State government a penny under a cup of water and fast. Government should think twice before asking for money. And citizens need to really ask, am I getting anything close to the benefit I'm paying for. The answer is probably, nope...
    May 3 12:21 AM | 21 Likes Like |Link to Comment
  • Is Tesla Motors Worth $65 Or $320? Are Ford, GM Or BMW Better Bets? [View article]
    Wrong, Tesla is an auto company and is nowhere close to Ford although its capitalization is. The simple fact is the auto industry valuations show how maligned Tesla's share price is with reality.

    AS for its gigafactory. It's not high tech. It's just they can't get anyone else to waste so much money on current technology when they know it will be out dated by the time it comes into production. That said, yes, if Tesla screws up big they will be trying to dump batteries they can't use on the larger market. If that happens, it will be a failure not a success. So shareholders better hope Tesla doesn't become a battery/tech company.
    Feb 28 01:28 PM | 20 Likes Like |Link to Comment
  • How to Play Schiff's $5,000 Gold Prediction [View article]
    If money printing exceeds growth in goods and services inflation and devaluation will occur. That is happening already, so he is not wrong. The issue is that a steep rise will be constrained by government and Fed action to prevent a catastrophic movement of commodities to extreme levels. Thus $5,000 is inevitable but it may be 10 or more years off.
    Jul 20 05:30 PM | 20 Likes Like |Link to Comment
  • Spain Announces Beginning Of End: The Unfolding Global Fiasco Is Near [View article]
    Europe is a concern, but a bit of positive data from the US is helping the US chug along despite this. If we worried about Europe all the time we would have gone nowhere for the past 2 decades. Europe is just about the slowest economic bloc in the world and their further socialization is now threatening them to be a negative growth one. Don't depend on Europe to fuel growth or anything prosperous until they revert back to some semblance of real capitalism.

    That means being competitive, working, and not having government employees equal 25-33% of all employees which creates an unproductive artificial economy. The reason the US is in such a mess is 20% of our employees are now government funded too. Goodbye capitalism. Hello corruption economy.
    Jan 20 09:06 PM | 20 Likes Like |Link to Comment
  • Why It's Time to Sell Silver Stocks and Buy Bank of America [View article]
    I agree with Einstein. What you are looking at on BACs earnings are synthetic. Market to market BAC isn't making a thin dime and relies solely on Federal Reserve discount window 0.25% rate to generate profit. This is a classic TARP bank with tons of hidden losses on their balance sheet and temporary Federal Reserve backstops for their garbage assets. When the backstop[s end and the discount window rises BAC is in trouble. Also when interest rates rise BAC is in trouble. Their PE ratio is far from assured.

    As for silver miners, they benefit from dollar depreciation and inflation. The simple fact is the profits from silver miners are not valued at contracts selling at $40 per ounce. More like the low $30 range. The miners should blow out earnings if silver stays at $40 for a prolonged period of time. The peanut counters will get shelled shorting these stocks just because silver is toppy at $50. They don't need $50 to generate earnings in excess of the estimate.

    You can short silver but shorting silver miners will make you look like a fool long term.
    May 3 05:22 PM | 20 Likes Like |Link to Comment
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