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The Aft Deck

 
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  • HSBC (HBC) expects conditions to remain challenging for the rest of 2009 and much of 2010, but says it remains well-positioned with its focus on Asia and other fast-growing emerging markets.  [View news story]
    Seeing I am invested the same way, I would have to say well done HSBC
    May 22 11:50 AM | 2 Likes Like |Link to Comment
  • The Senate rejects an effort to cut a $108B payment to the IMF, but the fate of the funding remains unclear. The White House strongly backs the payment, but critics argue it's the "worst time to ask struggling American families to bail out foreign countries."  [View news story]
    Hundreds of Billions, Trillions The Obama administration knows know limits, apart from one, the average American who The White House says, will have a difficult time for a few years.
    May 22 11:15 AM | 5 Likes Like |Link to Comment
  • U.S. Dollar Takes Beating Following FOMC Minutes [View article]
    Weakness has continued unabated since the FOMC minutes. Fundamentals and Economics still have some role in the market.
    May 22 10:57 AM | 2 Likes Like |Link to Comment
  • BankUnited Fails [View article]
    Shows how much of a sideshow the stress tests were, what is the real state of America's banking sector, how many more BankUniteds are there?

    May 22 10:46 AM | 4 Likes Like |Link to Comment
  • The Next Wave of Foreclosures [View article]
    Great Article, unemployment and foreclosures do come in waves and they will continue to resonate through out the economy.
    May 22 09:14 AM | 5 Likes Like |Link to Comment
  • Dollar Chart Tells a Much Different Story than Pundits Do [View article]
    I agree with Market insider, what a currency is now is not what it was 50 years ago, nor is it what currency actually is supposed to be.

    Currency no longer has rarity or scarcity, politicians simply head off and make some more.

    In terms of making more dollars right now, buy real rarity and scarcity, it is the only hedge against the deteriorating dollar.


    On May 21 05:17 PM Market Sniper wrote:

    > Good article, Mr. Kim. The only real exception I can take is your
    > statement "The strength of a nation lies in the strength of its currency.
    > That phrase has always stuck with me." To this statement I vehemently
    > disagree on a number of levels. At its most basic, the strength of
    > a nation rests on its productive capacity, its ability to produce
    > goods and services that people want and need. In other words, to
    > produce true wealth. As for the "currency", a little parable. Many
    > years ago there were fine restaurants. Such fine restaurants hat
    > hat check girls. A gentleman would check his hat with her and receive
    > a claim check for his hat. Only an idiot or a fool would then parade
    > through the restaurant stating that his claim check was a hat! All
    > currencies on the planet exist by government decree and are created
    > out of DEBT. They do NOT represent wealth by any stretch of the imagination.
    May 22 01:54 AM | 4 Likes Like |Link to Comment
  • How the Fed Chaired the Dollar Crisis [View article]
    Should what you describe happen and the USD is no longer the words base currency then Hong Kong, London or Munich may becomes the worlds finance centre.


    On May 21 02:38 PM History Buff 24/7 wrote:

    > I don't think John is naive. I think his point is that actions have
    > consequences, and there will be some very dire consequences from
    > the chain of events he has described.
    >
    > I've made this point before, and I'll make it again -- you can't
    > legislate economics. You can fix prices and wages and pass laws
    > to regulate what people can and can't buy but the economics is ALWAYS
    > going to be there. Prohibition didn't destroy the alcohol trade,
    > it just criminalized it. The war on drugs hasn't dried up the supply
    > of drugs, it has just criminalized it.
    >
    > If the real value of the dollar is trashed, then money will flow
    > out of dolllars and into something else. Countries out there that
    > have pegged their currencies to the dollar will peg to something
    > else. Commodities that have been denominated in dollars will be
    > denominated in something else. It's just the handwriting on the
    > wall.
    >
    > I do share John's (apparent) sense of moral outrage. This is America
    > we're talking about here, not some banana republic.
    >
    > I hope we haven't gone too far down this path, but I fear we have.
    May 21 02:57 PM | 3 Likes Like |Link to Comment
  • Favorable Coal Conditions Now Moving In [View article]
    Coal, Solar, Oil, Battery Technology and Uranium by years end they will be the hot stocks
    May 21 02:31 PM | 1 Like Like |Link to Comment
  • Poor Oil Demand Meets Excess Supply; Prices Should Drop [View article]
    Forget an Oil Drop, $70 is my target on it by end 2009, falling dollar and demand shift could see that as high as $80
    May 21 02:22 PM | 4 Likes Like |Link to Comment
  • Currency watchers warn the dollar could be in for a major nosedive.  [View news story]
    With the Trillions of those dollars being thrown around how can this be a surprise, it has been obvious for sometime
    May 21 02:10 PM | 4 Likes Like |Link to Comment
  • Favorable Coal Conditions Now Moving In [View article]
    Energy is a great investment always, the best of it is the raw materials, Coal, Oil, Gas and Uranium
    May 21 12:59 PM | 1 Like Like |Link to Comment
  • More U.K. banks may need to be nationalized, IMF says in a stark assessment of the British economy. After spending a week in the country, it concludes, "Although banks are expected to continue to remain above minimum regulatory capital requirements, further shocks will lead to an erosion of capital buffers."  [View news story]
    Again the reality belies the recent rally
    May 20 11:54 PM | 2 Likes Like |Link to Comment
  • Burned by Obama, fund managers grow wary: "The sad thing is it impacts the manufacturing sector and the companies that have legacy liabilities directly. It will be nearly impossible, or much more expensive, to get secured financing."  [View news story]
    The Obama Administration is by far the most dishonest Govt we have seen. Not a sentence comes out of The White House untill it has been spun, re spun and polished to the point where the fact is hidden somewhere behind the glare.
    May 20 11:52 PM | 6 Likes Like |Link to Comment
  • Dollar Weak, Commodities Strong [View article]
    The ONLY thing to buy now is Commodities, the Govt can not print anymore of them, there can be no dilution of them. Oil is the best of the Commodities available for the public. Iron Ore I think is the best over all.
    May 20 04:23 PM | 6 Likes Like |Link to Comment
  • BoA's (BAC) Ken Lewis calls a bottom.  [View news story]
    I will call Ken Lewis a Bottom, as for the market it, based on fundamentals will go lower.
    May 20 03:52 PM | 3 Likes Like |Link to Comment
COMMENTS STATS
180 Comments
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