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- Pacific Sunwear F3Q08 (Qtr End 11/1/08) Earnings Call Transcript
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CaptBob
198 Comments
UBS Analyst Raises Gold Stocks' Price Targets on Higher Gold Price Forecasts
Banks all lined up cliff side in a suicide pact---
Fiat dollar presses running non-stop--------
Oil headed for $200 with 0 alternatives-----
Market and Economy both in crash mode-----
Fed jammed in a corner of it's own painting, can't lower or raise----
BUT!! "Gold is going to come down"!!!--no wonder no-one put his name on that one!!!Did it beam in from the third ring of Saturn???
NOT IN MY UNIVERSE!!!!!
Inflation, at the Core, Is Food and Energy
And it just so happens that the convenience holds the most benefits for Uncle Sam since these are the two items with the highest rate of inflationary costs--volatile or otherwise!!
Since SS is the 400lb gorilla and is only adjusted annually; why not use the real $$ YTD rise or fall in food and energy to evaluate inflation, as this would negate the volatility factor??
No--wouldn't want to do that now, would we. And decelerate the thinning out of all that excess parasitic deadwood!!
The U.S. Dollar: A Six Month Outlook
But Simple gets a little tougher in a recessionary environment.
Article gives a simple straightforward assessment of what has and --will--pass for currency of the realm, now and tomorrow;
Things are getting exceedingly difficult!!
To Meet Wind Power Goals, Government Action Needed
What we need now--in the present CRISIS--is the fastest solution, the gains in the economy will make up the difference and give us "Breathing" room. And that's wind!! There's nothing else that can go on line in a month and displace a petro fired generator adding to supply and reducing costs.
But go ahead and debate it a few more years. Are the only thinking people on the planet the Scandinavians??
Keeping Alternate Energy In Perspective
The only variable is time. Do we want to transition gradually in replacing each of the finite sources before they arrive at the "Crisis" stage oil is today, or twiddle our thumbs and hold hearings till we're at crash and burn when the clock runs out on each??.
Even the Gas Crisis Needs a Culprit
Of course a Govt. that was happy to get $.18 on a gallon of gas a few years ago, has an absolute need and right to collect $.72 today.
This should go a long way to fund --MORE HEARINGS!!
Corn, Ethanol and Water
Sugar is the answer. If we want to pretend Brazil is populated by fools just to enrich our farmers, that's not the way to "solve" an energy crisis!.
Inflation-Adjusted Gas Prices at Record Levels as China Raises Energy Prices
There's not enough oil production in the world for 2 billion Chinese and Indians to go from bicycle to scooter no matter what they pay!
They're just like us-without high prices they would step up to cars!!
High prices=we give up SUV's for a Prious.
" " =They give up a scooter for a motorbike.
Either way all the worlds production is consumed!=prices stay high!
The (Non) Crash of 2008
The only X=unknown in this equation is T=time.
You--the Fed and Paulson can stay in denial and "Cum-by-ya" all you want, but yonder is a pale horse.
When Crude Drops, AMR Will Fly
Forget AMR, go for Pig saddles, AMR will be mothballed and the Porkers will have all the best routes---And a Kosher dinner!!
The Great Oil Deception: Part Three
We made our bed years ago-all our eggs in the oil barrel--now we have to lie in it; and comfort will only come from alternative energy-
well in the future.
Recent World Events Are Bullish for Metals
Did anyone really believe this time it would be different???
The one before this was Rhodesia remember that?? we boycotted them to force out Ian Smith--now it's Zimbabwe, Mugabe is Pres. no elections since, and 5,000% inflation.
There's some Gene pool in the savage heart of darkest Africa, top CEO's are a dime a dozen!!
Your choice; yell "Racist--Racist&q... or face the facts!!
Headwinds for Gold?
Even if the Euro strengthens against the dollar, my gold in dollar terms will hold its value as food prices and gasoline rise.
A solid value hedge never hurts.
Oil Will Peak at $150-200 - Barron's Interview
The reserves have peaked and the supply is declining--check production.
China has replaced Japan as #2 consumer.
The Chinese and Indians are increasing their demand.
Per-capita they use a minuscule amount compared to the U.S.
There are a lot more of them!
Ben Bernanke: Talk May Be Cheap, But It's Not Worthless
Gold and silver were replaced by "Faith in the wealth of the American taxpayer"
Since Bennys words have such reassuring and comforting value I think the words "Pay to the bearer on demand" a 1 hour CD of the "Best of Benny" firm currency speaches of the past year.
This to be packaged with batteries in case your electric has been cut off for non payment.
Ben says "they're just crying wolf". I sure hope so, but I'm still carrying a gun when I walk through the Fed's "printing press forrest"
Benny speaks on 6/3--The dollar and the market do a holding hands off lovers leap on the 6th. Nice to know faith in strong words has such a lasting effect!!