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Wildebeest

 
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  • What Sovereign Wealth? Part 2 [View instapost]
    if you are running a perpetual current account deficit you aren't accumulating sovereign wealth. period.
    Mar 6 10:37 PM | Likes Like |Link to Comment
  • An Australian Sovereign Wealth Fund. What Sovereign Wealth? [View instapost]
    structural current account deficit. not much else needs to be said.
    Mar 6 10:35 PM | Likes Like |Link to Comment
  • The General And The Particular [View article]
    this comment stream has been about iron ore. You lied about stuff in your article and you backed down from your claim that the majors would fall by 50% and then started talking about 10%. But you are debating yourself on that point -- and even then the change in price has been due to currency not performance of iron ore.

    If readers go to their broker and say they are considering buying a foreign listed company their broker will probably raise the matter of hedging the currency. It depends on whether the reader wants to assume currency exposure as well as exposure to that sector.

    It is clear that despite your "after the event" conviction about your 10% call you never put your money on it. You just keep making things up so as to try and portray yourself in the best light. You are hopeless at business analysis but a career in politics beckons.

    But in any case, as anyone can see in these comments I have asked you about your 50% claim.

    So man up and put a date on it.

    1. When will these stocks fall by 50%

    2. Do you claim victory if it occurs as part of another global meltdown (i.e. when everything is dropping by 50% like late 2008 early 2009)

    Man up.
    Jun 3 10:42 PM | Likes Like |Link to Comment
  • The General And The Particular [View article]
    You have not declared investments in either the AUD/USD cross or Rio, Vale, BHP. So that means you are either lying again in your article by failing to declare and interest or lying about the so called profit you have made. This is why no one trusts you Santos.
    Jun 2 11:17 PM | Likes Like |Link to Comment
  • The General And The Particular [View article]
    Most pundits predicted the AUD/USD cross. That is why it is so typically disingenuous of you to cite a +10% drop in e.g. NYSE:Rio vs S&P. The difference in the change in the ADRs vs the home exchange listing was the same amount as vs the S&P -- i.e. the difference solely due to a currency effect. You just make it up with every comment but still won't acknowledge lying in your article.
    Jun 2 11:14 PM | Likes Like |Link to Comment
  • The General And The Particular [View article]
    You are such a buffoon. Wise readers take no notice of you. You back away from being exposed about lying in your article. You back away from your claim about a 50% drop in the share price.

    Now you pull this 10% crap from where the sun doesn't shine. Informed readers know that the major iron ore producers trade ADRs on the NYSE. Claims on earnings from those foreign companies are therefore dependent on fluctuations of the US vs the home currencies for those companies. We are in a risk off environment and the US dollar has strengthened. Given the betas for these companies and the current strength of the US dollar the price for these stocks is totally expected. You continue to keep raising these diversions so as to escape scrutiny for lying in your article.

    Still waiting for the 50% price fall. Until that occurs you should just shut up and stop embarrassing yourself.
    Jun 2 12:08 AM | Likes Like |Link to Comment
  • The General And The Particular [View article]
    The trouble is Santos that since you have shown yourself to be untrustworthy by lying about data in your articles, who would pay any attention to any of your claims about how much you are making. Just stop lying and focus on trying to build some credibility by being honest.

    Anytime you want to actually put your money where your mouth is about your claim of a 50% decline let me know. Until then continue to babble if you want to but we can see through it -- it is all about covering up for lying in your article.
    Jun 1 11:19 PM | Likes Like |Link to Comment
  • The General And The Particular [View article]
    your ability to tell lies knows no bounds. This comment stream started when you lied about import numbers to make your own arguments seem valid. Now you seem to want to lie about what I have said in these comments. You only mentioned 10% after I called you out on your 50% claim and you backed down. Nowhere in this comment stream did I dispute a change of 10%. Price fluctuate all the time. My challenge to you has been about the lies you tell, the fact that you claim these stocks will drop by 50%, and that new entrants are queueing up to enter the iron ore market. Stop lying.
    May 31 08:47 PM | 1 Like Like |Link to Comment
  • The General And The Particular [View article]
    you said they will fall by 50%
    May 29 02:03 AM | Likes Like |Link to Comment
  • Weekly Economic Analysis Summary For Week Ending 04May2012 [View instapost]
    Anyone who calls a recession and keeps repeating that when asked will eventually be right. It has been over 6 months since the ECRI first made the call. It is looking like a bad call.
    May 4 07:29 PM | 1 Like Like |Link to Comment
  • Freeport-McMoRan: How China Will Sink This Stock [View article]
    The ports of Dampier and Cape Lambert ship iron ore not copper.

    SHFE stocks are rising. LME stocks are falling. I haven't looked at prices on the 2 exchanges lately but this behavior tends to be driven by the LME/SHFE spread.
    Apr 23 09:23 PM | Likes Like |Link to Comment
  • Can the Fed Control Core Inflation? [View article]
    like I said I guess you didn't read the article. You clicked the link, saw the equation absent net exports, didn't read, came back here and posted your comment. You're also building enough straw men to be a farmer. Nowhere does the author say that S=I.

    Had you actually read you would have seen this:

    "Beginning with the simple identity for GDP in a closed economy, we have..."

    followed by a balanced equation. So the author has decided to take a step by step approach to arrive at the national accounting equation. We then read further on and we see:

    "How do the financial flows that occur in an open economy impact the previous discussion of a closed economy? This questions leads to analysis of the more realistic open-economy in which we actually live."

    **a more realistic open economy.** So here the author adds the external sector and introduces the national accounting identity. Which balances.

    It actually sounds like you realize you got it wrong and are dismissive as a way of backing out. Why not go and read the full article and address the point that John raised?
    Apr 23 06:49 PM | 4 Likes Like |Link to Comment
  • Can the Fed Control Core Inflation? [View article]
    all you have to do to stop looking silly is just say which equations are unbalanced. But I guess what happened here is you decided to tell us about the flaws in the article without actually reading the article. Hence you are unable to produce these unbalanced equations.

    My PhD was in math. What was yours in?
    Apr 23 11:01 AM | 4 Likes Like |Link to Comment
  • Can the Fed Control Core Inflation? [View article]
    you stated the equations in the article John linked didn't balance. All I've done is ask you which equations didn't balance. You seem to be very defensive. If there is an equation or equations that don't balance why can't you list them so we can all have a look and discuss?

    It actually sounds like you realize you got it wrong and are dismissive as a way of backing out.
    Apr 23 12:17 AM | 5 Likes Like |Link to Comment
  • In a relatively brief (23 min.) and somewhat wonkish presentation, economist Steve Keen continues his assault on Paul Krugman and neoclassical economics. Keen says economists' obsession with public debt is a mistake, and that only private debt - whose bubble has yet to burst - matters.  [View news story]
    spaid_fr the reason Keen makes the distinction is because private debt as a % of GDP is so many times larger than public debt as a % of GDP. By obsessing with public debt when private debt is multiples larger the discussion is missing major aspects of what the underlying problem(s) are.

    So Keen isn't saying it better to die from a heart attack than cancer, he is saying that it is not helpful to obsess about a heart attack if you have a short time left to live from (undiagnosed and untreated) cancer. i.e. you might want to focus on treating the cancer.
    Apr 22 11:19 PM | 1 Like Like |Link to Comment
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