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Rob Viglione

 
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  • Bitcoin ETF Is A Way To Corner The Bitcoin Market And Create A Bubble [View article]
    If a cartel tried cornering the BTC market by hoarding coin, those coin would be equivalent to taken out of circulation for that duration, which leaves increased purchasing power (lower prices for the remaining goods and services denominated in BTC) to those BTC holders who actually use it as currency. Because of the divisibility of BTC and it's exponentially growing adoption, cornering this market is a fool's wish.
    Jul 6, 2013. 12:31 AM | Likes Like |Link to Comment
  • The Promise Of Accelerating Growth In Technology [View article]
    It's tough to see the exponential trend when 150,000+ years of evolution has trained us to think linearly.
    Mar 26, 2012. 12:06 PM | 1 Like Like |Link to Comment
  • China Medical Technologies: Does Missed Coupon Mean Company Will Go Dark? [View article]
    Another long shot is that Chinese management are just crooks, picking up shares on the cheap while everything tanks; not likely, but one of those 1% probability scenarios.
    Feb 3, 2012. 10:52 AM | Likes Like |Link to Comment
  • China Medical Technologies: Does Missed Coupon Mean Company Will Go Dark? [View article]
    Thanks for sharing your research in this article. I was on the fence, holding to see whether they make their February coupon payment, but by then I realize my entire position could be wiped out. Just folded today. I'll be watching the company closely for an entry point if management changes its tune, but that's not looking likely.

    This isn't the first time I've been ripped off doing business in China. It seems as though defrauding foreigners is a national past time. It will come around to bite them in the a$$, though.

    If CMED's financial statements weren't fraudulent, this would be the buy of a lifetime!
    Feb 2, 2012. 10:33 AM | Likes Like |Link to Comment
  • Krugman, Keynes, And The Economy [View article]
    An issue that can hopefully one day be resolved in economics is that quality data only dates back to relatively modern times; we do not have sufficient data to claim that a simplistic push-pull economic theory, like that of Keynes's General Theory, works beyond the narrow range of economic state from which it was derived.

    Keynes`s General Theory is readily demonstrated to be inapplicable in the extreme case of relegating 100% of economic activity to government action, and currency dilution; actually, anything close to approaching the extreme would tear apart any society.

    You cannot generate prosperity into perpetuity by deficit spending, and currency dilution; those methods merely borrow prosperity from the future, but must be repaid. My hunch is that the present state of economic malaise has already borrowed too much prosperity from the future to make furthering that prescription sustainable.
    Jan 1, 2012. 06:12 PM | 4 Likes Like |Link to Comment
  • Microsoft: A Strong Buy [View article]
    MSFT is like a utility stock that has the possibility of one day maturing an R&D product line ...low risk like utility, but some positive upside like a tech stock. Not a bad combo...
    Nov 26, 2011. 02:35 PM | Likes Like |Link to Comment
  • The Fed Has Already Begun Its Third Easing Campaign [View article]
    The Fed has backed itself into a corner; they can either continue down the path of creating money to ease deficits and desperately cling to growth targets, or they risk being held responsible for the big crash that would occur if this stimulus-dependent economy were to have its crack supply cut....
    Aug 15, 2011. 10:26 AM | Likes Like |Link to Comment
  • Government Regulations Are Fueling Business Uncertainty [View article]
    Regulatory burdens have their own compounding effects (negative) that are often times intangible, but certainly accumulate over time.

    You'd think that with all of the volatility, political uncertainty, and mounting risks of continued economic decline, the simplest thing to do would be to start peeling away regulations!

    Sadly, each new regulation creates new regulators; entrenched interests who have their own incentives to grow....more like a disease than anything else.
    Aug 7, 2011. 02:06 PM | Likes Like |Link to Comment
  • U.S. Downgrade Hype: Bond Yields Are the Only Credit Rating That Matter [View article]
    Any takers on how this will impact mortgage yields?
    Aug 6, 2011. 06:20 PM | Likes Like |Link to Comment
  • Don't Worry About U.S. Downgrade [View article]
    In such a negative attitude environment this last week, it's refreshing to hear a different, relatively upbeat perspective. When the market first started crashing in 2007 I quickly turned crazy bear, maintaining that position for far too long into 2010...I've since grown up and realized that the world doesn't always conform to the models in my mind.

    The U.S. financial position is precarious, and on the path to continued deterioration. My hope is that leaders will emerge in the mess to start marching us in the right direction; at best, that would give us the chance for a soft landing, and long term balance sheet repair.
    Aug 6, 2011. 06:18 PM | 2 Likes Like |Link to Comment
  • Foreclosure filings dropped in 84% of the largest U.S. cities in H1, RealtyTrac says, due to the "robo-signing" probe, the glut of repossessed homes and paperwork delays. RealtyTrac expects about 2M filings this year, down from a January forecast of up to 3.2M.  [View news story]
    At first I was excited thinking that foreclosure rates are down, but then...hmmm, just because banks are taking longer to process? Not the best news in the world...
    Jul 28, 2011. 10:17 AM | Likes Like |Link to Comment
  • U.S. consumers are increasingly using credit cards to pay for basic necessities, as rising costs of food and gasoline with no positive catalyst such as an increase in wages leave less money to spend on discretionary items, slowing the pace of the recovery. The dollar volume of credit card purchases grew 10.7% Y/Y in June; the number of transactions rose 6.8%.  [View news story]
    This is not good for consumer balance sheets, or for velocity of money --> inflation
    Jul 23, 2011. 03:01 PM | Likes Like |Link to Comment
  • Borders' liquidation will increase available U.S. retail space by 6.3M square feet to an industry already struggling with near-record vacancy rates and stagnant rents. Many of the bookseller’s 399 stores are in regional malls, where vacancies are at 9.3%, the highest since data collection began in 2000, and rents are down. Does that make the Retail REIT ETF (RTL), up 38% y/y, a sell?  [View news story]
    This is definitely not something the retail CRE sector needs right now!
    Jul 21, 2011. 10:43 AM | Likes Like |Link to Comment
  • China looks to protect its trillion dollar-plus investment in Treasuries with a warning shot to the U.S. to "adopt responsible policies" to protect investors. Reports show inflows into U.S. Treasuries from China have slowed, but Capital Economics says Beijing could be funneling investments through another country.  [View news story]
    China is nuts to continue to lock itself into the US debt-death spiral. They'll eventually learn the lesson that every creditor suffers when they throw more debt at delinquent borrowers.
    Jul 20, 2011. 10:12 AM | Likes Like |Link to Comment
  • Gold passes $1,600 for the first time and hits as high as $1602.00 as the metal continues its safe haven status on fears about eurozone and U.S. debt.  [View news story]
    Buy until the U.S. government can balance a budget....
    Jul 18, 2011. 10:11 AM | Likes Like |Link to Comment
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