Tony Daltorio

How Bloomberg Fabricates U.S. Housing Numbers

You really should take up comedic writing - your comments were the funniest I've seen in a long time.....pretty good for someone who has apparently been living under a rock for the last two years.


On Nov 02 10:24 AM User 502011 wrote:

> The sky is falling! we should all start scouting out caves in our
> area for the impending apocalypse... or if you're semi rational (unlike
> the author) you'll realize, as most folks implicitly do, that we're
> better off now than we were 9-12 months ago. Housing will be the
> last thing to recover as/when the economy improves. So implying that
> there is no recovery because we're not seeing real improvement in
> housing is misleading. Employment will be the next to last thing
> to recover (hence housing being the last because folks will need
> jobs and/or an elevated sense of comfort before they'll buy new homes
> and/or upgrade).
>
> The best thing is that as we see the economy improve there is a sense
> that its not being completely built on a build up of consumer spending
> which obviously creates a bubble. The reality is that over the last
> 5 years millions of folks bought homes (and lots of other junk) that
> they fundamentally couldn't afford and that spending was fueling
> the economy... hardly a formula for long term economic expansion.
> Things are looking up IMO, the companies that should be folding up
> shop are being allowed to - look at CIT this weekend - the market
> takes this news in-stride, in fact the market is up this morning
> as CITs demise was already baked into the market. Likewise, companies
> that were on the rope just a little bit ago are in much better position
> - F, MS, BAC, GE, etc. etc. Are there still loads of residual issues,
> of course there are but there no longer deadly. ISM numbers this
> morning again confirm that expansion is "in the works." but i'm sure
> you think those numbers are fabricated too. I'm guessing the author
> doesn't think we landed on the moon either.
>
> btw, these type of articles IMO are of minimal value - they are conspiracy
> theories with no scientific method. e.g. if you want to make these
> claims also post some predictions and some ways to play it so we
> can look back at some point in the future and evaluate whether the
> author got it right or was just histrionic. If I had to back my vote
> with money, I'd be betting on histrionic.

Debunking the 'Too Big to Fail' Myth Once and for All

Explain to me why I should own companies who deal in paper assets with no real demand and an endless supply when I can own companies who own REAL assets with finite supplies and fast-growing demand.

You can keep the banks, I'll take the natural resource companies.


On Oct 14 01:33 PM DonFurio wrote:

> Another short busting day!
>
> Look, the banks are already heavily regulated. The shadow banking
> system was not. There is still plenty of competition, but guess what
> a lot of people like having their products with a national bank as
> long as the pricing is right. People especially like having an atm
> in every city they go to.
>
> Also, many of the people you mentioned that want to break up the
> bigger banks, which won't happen by the way, are either perma bears
> or wall street haters and have something that they would personally
> gain from it occurring. Too bad you didn't have the guts to buy the
> KBE or XLF earlier this year, maybe you'd be singing a different
> tune.

Don't Bet Against the Bond Market

I totally disagree with the author - I do NOT invest in bubbles and the Treasury market is the BIGGEST bubble I have seen in nearly 30 years in the investment industry.

And I'm not a gold bug as John Galt seems to suggest that everyone is who disagrees with the article.

Why We Need to Shrink America's Bloated Finance Sector

Good article! Unfortunately, I feel there will be no end to the Banksters control of our country, where "it's heads I win and tails I win again", until the country is near collapse.

Five Reasons the Market Could Crash This Fall

Interesting article. What is even more interesting to me are the commenters.

I have seen a lot in my investment career - since 1981. What I am seeing right now is that the average investor, as represented by the commenters, have learned NOTHING.

They actually believe the CNBC kool-aid that an economic recovery and a new bull market has started in the US.

This may be true elsewhere in the world, but not here in the US. Nothing has changed, except that the government has done two things - they have put band-aids over the major economic wounds (which will not hold long) and they have gamed the system even more in favor of the casino owners on Wall Street.

Geithner's Outburst Was Misdirected; Read the Riot Act to Bankers Instead

The author is generally correct - the greedy Wall Street banksters are to blame for much of the economic mess we are in.

I don't blame Congress, just like I don't blame Timmy Geithner. They are only following orders from their Wall Street masters who have bought and paid for both political parties.

Cognitive Dissonance on Wall Street

Great article! And remember that the cognitive dissonance affects not only the elite on Wall Street, CNBC, etc. but also your neighborhood financial advisor or planner.

I was in the business for 20 years and I still have lots of contacts in the industry. These people still haven't changed despite the enormous changes in the investment landscape - "Duh, holding S&P 500 index funds for the long-term is a smart investment......."

Citigroup Is Not Increasing Employee Compensation

Citi employees should meet the same fate as employees in any bankrupt company - out of a job and on the street.

Citigroup Is Too Important to Fail, Which Is Why It's a Great Long Term Investment

Citi, like many other major US financial institutions, will eventually get sucked into the black hole of oblivion. After the government pours trillions more dollars into Citi and others and it still does nothing to revive these zombies, they will eventually abandon the effort.

Investment into any US financial stocks is only good for people looking to lose all of their money and perhaps experience bankruptcy in their own personal lives.

Bill Miller vs. Meredith Whitney - Why They're Both Right

Bill Miller is a joke, but typical of Wall Street. During the 90s, financials and tech stocks went up like a rocket. What did he own - financial and techs. No genius there - he is just a trend follower. And he is dumb enough to believe that the old trend will resume. No way - most US financial firms are worth zero.

Too Big to Fail Still Has Defenders

The problem is that the too-big-to-fail firms are all so well politically connected. Instead of letting these firms go the way of the dinosaur, the political pals of these firms will bleed the country dry.

Bank Nationalization: It's Just Plain Wrong

Your solution may work but the problem is time. Are you willing to tell the American people that, because of 30-1 leverage and higher that bankers were using, they should be prepared for possibly Decades of no or low economic growth??

Why Is Everyone Blaming the CEOs? It's the Government's Fault

There is more than enough blame for everyone -- All the jackals on Wall Street, the scumbag politicians from BOTH parties and the selfish Baby Boom generation that is in charge of both the government and Wall Street.

Calling It Quits on Gold, Platinum - It's Time to Go Financials!

This article is exactly what is wrong with US financials markets.It seems like 1 week is considered a long-term hold anymore.Your advice would absolutely bankrupt anyone is is investing for more than 60 days.No wonder people overseas are kicking the USA's butt.They think of investing for years,sometimes decades!Not for the next week or two!