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Walter Kurtz

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  • Severe Dollar Funding Constraints Will Push EU Banks Out Of U.S. Markets [View article]
    JPM up 10% since this post. Hope you weren't short.

    http://SoberLook.com
    Jan 3 10:15 PM | Likes Like |Link to Comment
  • Precious Metals Now Trade Like Industrial Commodities [View article]
    Base metals production is not dropping off in spite of lower demand. It is still profitable for miners to sell even at lower prices. CONSTANT SUPPLY+LOWER DEMAND = LOWER PRICE.
    Dec 30 05:20 PM | Likes Like |Link to Comment
  • Gold Bugs Should Be Watching China [View article]
    Here is an update:

    http://bit.ly/thLJz1

    http://SoberLook.com
    Dec 30 12:01 AM | 1 Like Like |Link to Comment
  • How Speculative Investors Helped Inflate The Housing Bubble [View article]
    I guess you don't read newspapers: http://bit.ly/v8aAu0
    Dec 29 11:49 PM | Likes Like |Link to Comment
  • The Correction In China's Property Markets And The Government's Plan To Address It [View article]
    Thanks. This is very helpful
    Dec 29 11:34 PM | Likes Like |Link to Comment
  • The 'Personality Premium' Of Bill Gross: Wells Fargo Vs. Pimco Funds [View article]
    1.8bn in MARKET CAP (not assets) divided by 152mm shares outstanding. Maybe it's time to take a refresher class?
    Dec 29 11:30 PM | Likes Like |Link to Comment
  • The Correction In China's Property Markets And The Government's Plan To Address It [View article]
    Here is an update on this post: http://bit.ly/tXb5ns
    Dec 28 12:03 PM | 1 Like Like |Link to Comment
  • China Stimulus Program To Be Announced Soon? [View article]
    Here is the latest on China:
    http://bit.ly/spXDvt

    http://Soberlook.com

    @SoberLook
    Dec 25 05:58 PM | Likes Like |Link to Comment
  • LDK Solar And The Rigged Solar Panel Bond Market In Shanghai [View article]
    Here is the latest on China:
    http://bit.ly/spXDvt

    http://SoberLook.com

    @SoberLook
    Dec 25 05:40 PM | Likes Like |Link to Comment
  • How Speculative Investors Helped Inflate The Housing Bubble [View article]
    GreenRiver - DEAD WRONG
    Remember if the borrowers don't pay, it is NOT the banks' problem, it's now the taxpayer's problem. Because most mortgages are at the GSCs (Fannie and Freddie). So because someone is angry at the banks for getting a cheap loan and isn't paying what they have borrowed, the taxpayer is now on the hook. And those who didn't over-borrow and was conservative will have to pay higher taxes for all the irresponsible deadbeats.

    http://SoberLook.com

    @soberlook
    Dec 19 01:32 PM | 1 Like Like |Link to Comment
  • Foreclosures Make Their Way Through The System [View article]
    By shrinking the "unsold inventory", they "stabilize" the value on other homes they own.

    "Farmers destroyed produce or poured milk into the road, foreclosures were prevented by mob action, and unemployed workers marched in protests sometimes organized by socialists or communists" - Historical Dictionary of the Roosevelt–Truman Era, by Neil A. Wynn. Sounds familiar?

    http://SoberLook.com

    @SoberLook
    Dec 19 09:56 AM | 2 Likes Like |Link to Comment
  • Is It Time To Short The Japanese Government? [View article]
    Japan's current situation is unsustainable: http://bit.ly/ujear4
    Dec 18 08:43 PM | Likes Like |Link to Comment
  • How Speculative Investors Helped Inflate The Housing Bubble [View article]
    So what happened to personal responsibility? You take out a loan for speculation or to buy a house you can't afford, it's your risk and you can get hurt. "I didn't know I won't be able to flip that house" is no excuse. It is your responsibility to pay back the loan.

    But these days unfortunately it's all about blaming others. The evil banksters gave that cheap loan I should not have taken, the rates were too low for me to resist because the Fed made them low, that refinancing and home equity was too tempting not to use for that vacation, my wife said "we can do it - everyone is doing it...", etc.

    http://SoberLook.com

    @SoberLook
    Dec 18 12:35 PM | 1 Like Like |Link to Comment
  • U.S. Equity Market Poised For Near-Term Rally [View article]
    Good question. People have been underestimating demand for treasuries. The dealers will have no trouble moving the inventory. And if the curve backs up by a few bps, it should have no impact on the equity markets.

    By the way, this post really made many people angry. Here are the facts, let's have a discussion - no need to get upset. Unless you are really short the market.

    http://SoberLook.com
    @SoberLook
    Dec 18 02:25 AM | Likes Like |Link to Comment
  • Riding The Volatility In The Junk Bond Markets [View article]
    Great strategy. If the calls are out of the money enough, it is unlikely we'll have a massive capital appreciation in HY. The only risk is QE3 in the US or some crazy breakthrough in Europe.

    http://SoberLook.com

    @SoberLook
    Dec 18 02:18 AM | Likes Like |Link to Comment
COMMENTS STATS
65 Comments
28 Likes