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Tom Au

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  • Joblessness Tromps on the Green Shoots [View article]
    Anyone who thinks that the unemployment rate is going down soon is dreaming. "Disintermediation" continues.
    Jun 25 03:45 PM | Likes Like |Link to Comment
  • Charts and Snippets from article "Value ETFs Leading the Way to Recovery?: [View instapost]
    "Value" is the way to go in a distressed environment like the current one. "Growth" in an exuberant one like the 1990s.
    Jun 25 03:38 PM | Likes Like |Link to Comment
  • Credit Card Charge Off Rate Highest in 20 Years - Moody's [View article]
    Dear Optionsgirl:

    "Industrialization" in this context is relative. Compared to most countries, we are highly industrialized. Compared to our former selves (70% of our 1970 peak) or our financial sector, we're not.

    On Jun 25 07:50 AM optionsgirl wrote:

    > I agreed with everything you said, until the last line. I do not
    > understand what you mean, here. Would you please explain what you
    > mean by de-industrialization? Are you saying we are no longer technical
    > innovators?
    Jun 25 01:36 PM | 1 Like Like |Link to Comment
  • Yahoo's Bartz on the Right Track [View article]
    Carol Bartz might have been successful in her other endeavors, but she won't have enough time to turn around Yahoo.
    Jun 25 12:36 PM | Likes Like |Link to Comment
  • Bernanke might have thought 2008 was a tough year, but 2009 is shaping up to be a whole lot worse.  [View news story]
    And 2010 will even worse. Welcome to the modern 1930s.
    Jun 25 12:20 PM | 1 Like Like |Link to Comment
  • Should Bernie Madoff Be Given A Jail Sentence He Might Survive? [View instapost]
    That's a good thing. More than one person took part. Wonder why his relatives aren't being charged.

    On Jun 24 09:22 AM Bill Ronaldson wrote:

    > More people are being charged with their participation in the Madoff
    > scheme:
    Jun 25 11:09 AM | Likes Like |Link to Comment
  • U.S. “mass lay-offs” at RECORD high [View instapost]
    Right on, Jeff. "Mass layoffs" mean massive "disintermediation" 1930s style.
    Jun 25 10:19 AM | 2 Likes Like |Link to Comment
  • Bernanke's prepared remarks on the Bank of America/Merrill Lynch (BAC) deal. "I did not tell Bank of America's management that the Federal Reserve would take action against the board or management if they decided to proceed with the MAC... I agreed with the view of others that the invocation of the MAC clause in this case involved significant risk for Bank of America, as well as for Merrill Lynch and the financial system as a whole, and it was this concern that I communicated to Mr. Lewis and his colleagues."  [View news story]
    It's "what did he say?" versus "what did he mean?"
    Jun 25 10:17 AM | Likes Like |Link to Comment
  • Quote of the Day [View instapost]
    And Welch was part of the problem, not part of the solution.
    Jun 25 09:59 AM | Likes Like |Link to Comment
  • Warren Buffet's Hand Has Turned Cold [View instapost]
    The 40%-performing S&P 500 included "junk" stocks like Ashland Chemical, which Buffett wouldn't own (but the Graham and Dodd Investor did).
    Jun 25 09:58 AM | Likes Like |Link to Comment
  • Marc Faber on Hyperinflation in the U.S. [View article]
    Dear TK:

    You know better than most because Germany went through this in the 1920s.

    On Jun 24 05:32 PM Teutonic Knight wrote:

    > Hyperinflation is going to come and Faber's prediction on its timing
    > though cryptic is prophetically accurate.
    > It is like the calm before the storm. The administration right
    > now will do their utmost to still nerves by putting out soothing
    > messages. TIPS will stay trading in a narrow range in the next
    > 6 to 12 months.
    > Then, all of a sudden, hyperinflation will appear on the horizon
    > with such vengeance and vehemence catching everyone (except the insiders)
    > off guard. And TIPS wlll rocket.
    > The above scenario is classical. It is not emphasized by mainstream
    > economists because of the prevalent self-denial.
    Jun 25 09:02 AM | Likes Like |Link to Comment
  • Still Wary of Those Financial Weapons of Mass Destruction [View article]
    "Long equities since December 5, 2008." About three months too early. You'll probably sell three months too late, also. But a star for honesty.
    Jun 25 09:01 AM | Likes Like |Link to Comment
  • Dividends? Who needs those? [View instapost]
    The "real info" was that stocks' TOTAL RETURN has been about 12% a year (more like 10% after the recent market fall). Of which nearly half was represented by dividends.
    Jun 24 02:36 PM | Likes Like |Link to Comment
  • Ford: Playing Its Last Hand? [View article]
    Ford at least has a fighting chance to stay out of bankruptcy. That's more than can be said for Chrysler or Gm.
    Jun 24 02:32 PM | Likes Like |Link to Comment
  • The World Bank's Grim Picture of Emerging Economies [View article]
    You're right, Jeff. There are a handful of emerging countries that are in trouble, but as a group, they're doing much better than the U.S.

    On Jun 24 02:27 PM Jeff Nielson wrote:

    > The World Bank 'report' was simply a batch of nonsense/propaganda,
    > served up to market-idiots to frighten them back into U.S. Treasuries
    > (to attempt to re-inflate that bubble).
    > In the REAL world, it is the U.S. (and ONLY the U.S.) which is going
    > to totally crash. "Emerging-markets", China, India and commodity-producing
    > nations will do just fine.
    Jun 24 02:29 PM | 4 Likes Like |Link to Comment