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  • President Obama yesterday attempted to assuage voter wrath over high pump prices by unveiling plans to expand oil and gas drilling in Alaska and exploration off the Atlantic coast. The announcement comes after the GOP-led House passed three bills in the last ten days to accelerate oil development in the U.S.  [View news story]
    When I think about Obama and his leadership, "disingenuous" and "opportunistic" are 2 words that spring to mind.
    May 15, 2011. 01:35 PM | 24 Likes Like |Link to Comment
  • Why We See Gold Going Lower Long-Term [View article]
    Swiss Maven,

    As a fairly long time subscriber to M*, I feel safe in saying their analysts don't "do" macro, at ALL!

    They seem to be fairly good at "nuts and bolts" analysis, but typically, can't see the forest for the trees.
    Apr 22, 2011. 08:35 PM | 23 Likes Like |Link to Comment
  • Seven Reasons the Market Has Already Bottomed [View article]
    1) Yes, house prices HAVE fallen, but have they finished falling?

    2) Rates are at bargain basement rates, but credit standards have tightened dramatically, making it considerably harder to get financing.

    3) How much longer can we rely on lower energy prices, given the dramatic cutbacks in oil/gas production,tightening by OPEC, etc.? What will the proposed carbon tax do to utility rates?

    4) What was that number? $8-$10/week? I know that every little bit helps, but come on....I suppose that WILL stimulate the economy a bit, because that amount is more likely to be spent, rather than a lump sum check of several hundred dollars, which would probably be used to pay down debt and/or stuffed into savings.

    5) Which measure of earnings is being used to calculate that PE? Depending how that's calculated makes a BIG difference in determining how cheap the market is.

    6) IBM/Sun....kaput, according to the latest news. Companies face the same credit woes that consumers face (tight and/or expensive credit). Granted, there will be some activity in pharma, tech, and energy, but will it be enough?

    7) Everything I'm hearing/reading says the savings rate is climbing, although its still below historic lows. Even the higher-end consumer, thought to be relatively immune, is cutting back dramatically.

    My conclusion would be markedly different than yours.
    Apr 6, 2009. 08:36 AM | 21 Likes Like |Link to Comment
  • The Silver Correction Is Over, Next Stop $62 [View article]
    The one statement that author makes in the article that makes me wonder, is the spread between production and industrial demand, with the difference being available for investment purposes.

    It seems that a lot of the same folks that are riding the PM train are also looking for, if not another global recession, at least a marked slow-down. Should that in fact, occur, what's that going to do to industrial demand for silver? Will investment demand be sufficient to take up any slack? Personally, I don't know, but its something to keep in mind.
    May 2, 2011. 06:02 PM | 19 Likes Like |Link to Comment
  • U.S. Energy Policy Is Responsible for Unrest in Egypt [View article]

    "Oil prices will shoot through the roof, if riots break out amongst the oil producers in the region (i.e. Saudi Arabia, Kuwait, UAE and Libya)."

    I agree wholeheartedly, and is why I'm trying to keep close tabs on events in Yemen, given its common border with Saudi Arabia.

    I think Friday's spike in oil prices was the result of concerns over the security of the Suez Canal, and to a somewhat lesser extent, what you suggest (the spread of unrest to the producers).
    Jan 29, 2011. 03:04 PM | 18 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Once again, I was impressed by Obama's oratory...but not the substance. Its easy to see how he got elected....but folks have wised up, over the last year.

    Without addressing issues like entitlements, his talk of deficit reduction are a joke.
    Jan 28, 2010. 08:56 AM | 18 Likes Like |Link to Comment
  • Market Outlook 2010: Three Economic Forces that Will Determine Market Direction [View article]
    "everybody runs to the only currency with a strong military to support it."

    I'm not certain how long that's going to be the case. US forces are already stretched perilously thin, between Iraq and Afghanistan. The pot continues to bubble in Iran, and now Yemen is becoming increasingly a problem.

    And before anyone brings up aircraft carriers, stealth bombers, and smart bombs, none of the preceding are terribly effective against a handful of people with RPGs, or terrorists with exploding underwear.
    Jan 3, 2010. 05:06 PM | 18 Likes Like |Link to Comment
  • Investing in Natural Gas: It's Time [View article]
    From what I've heard/read, gas in storage is at record highs. In fact, storage is approaching capacity. Industrial demand is about 29% of the market, so it'll be tough sledding until that picks up. I suppose the big wild card will be how cold of a winter we have in the midwest (the northeast relies on heating oil, rather than NG).
    Aug 23, 2009. 12:33 PM | 18 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    "Over the next 18-24 months, the odds of another recession are higher than that of expansion"

    "Another" recession? On Main St., it doesn't feel like we're done with THIS one!
    Aug 10, 2010. 09:15 AM | 17 Likes Like |Link to Comment
  • Meet the CO-MINNOWs: Formerly Great States Doomed to Shrink [View article]
    Regarding Ca.'s latest efforts to raise "revenue" without raising "taxes", they're merely mimicking what the city of Chicago has been doing for years.

    At the city level, the residential property taxes are the "third rail", and Daley has steadfastly refused to raise them, knowing the these folks vote. Instead, taxes on business/commercial property have risen steadily, as well as all such "fees"...parking tickets, vehicle stickers, metered parking, etc. To say nothing of an explosion in the number of "red light cameras", which various studies have shown to have done little, or nothing, in the way of promoting "traffic safety" as had been given as the reason for their installation. (In some cases, the number of "rear end collisions" actually increased). The length of time the traffic signals display "yellow" has been cut, ensuring a rise in revenues from "red light runners".
    Feb 14, 2010. 12:32 PM | 17 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    "South Korea's surprise rate hike."

    EVERYBODY sees inflation.....EXCEPT Bernanke..perhaps its time to visit an optometrist?
    Jan 13, 2011. 09:12 AM | 16 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    "BP caves on dividend, escrow account. "

    I've refused to invest in Russian companies because of what I felt was excessive political risk (heavy-handed treatment of companies operating there); it looks like Comrade....errr...Pres... Obama is not a much better than Putin.
    Jun 17, 2010. 09:03 AM | 16 Likes Like |Link to Comment
  • A Small Silver Lining to the Gulf Spill [View article]
    ain't no fortunate son,

    On a more serious note, given that I'm an investor/trader operating from a global/"top down" perspective, I consider it my "job" to evaluate events such as this in terms of various opportunities and pitfalls that they may represent. No more; no less.
    May 2, 2010. 01:43 PM | 16 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    "Dodd nods goodbye to Senate."

    Ok, one down...99 to go...
    Jan 6, 2010. 09:03 AM | 16 Likes Like |Link to Comment
  • Prepare Yourself for the Inflation Invasion [View article]
    Fwiw, my biggest problems with TIPS, is that they rely on government generated figures in figuring the rate of inflation. I think it might be prudent to check under the hood of something like WIW (a global TIP cef) to see what percentage of their portfolio is in US TIPS. That might be a better way to go.

    Disclosure: No holdings in either TIP or WIW.
    Aug 23, 2009. 05:16 PM | 16 Likes Like |Link to Comment