Loading...
Symbols:
Get Seeking Alpha Free Stock Alerts by Email!
Get Free Stock Alerts by Email!
Transcripts
- Pacific Sunwear F3Q08 (Qtr End 11/1/08) Earnings Call Transcript
- Mad Catz Interactive, Inc. F2Q09 (Qtr End 09/30/2008) Earnings Call Transcript
- Provectus Pharmaceuticals, Inc. The Wall Street Analyst Forum Call Transcript
- Point Blank Solutions, Inc. Q3 2008 (Quarter End 9/30/08) Earnings Call Transcript
- Navios Maritime Holdings Inc., Q3 2008 Earnings Call Transcript
- Gran Tierra Energy Inc. Q3 2008 (Qtr End 09/30/08) Earnings Call Transcript
- Oxygen Biotherapeutics, Inc. The Wall Street Analyst Forum Call Transcript
- ArvinMeritor, Inc. F4Q08 (Quarter End 9/28/08) Earnings Call Transcript
- Saks Incorporated Q3 2008 (Qtr End 11/01/08) Earnings Call Transcript
- Omega Navigation Enterprises, Inc. Q3 2008 Earnings Call Transcript
-
Editors' Picks
-
Most Popular
- GM Could Benefit from Bankruptcy
- Throwing in the Towel on This Market?
- General Electric: Genuine Risk of Collapse?
- Food: Against Self-Sufficiency
- The Fed: Now the World's Largest Private Bank
- Key to the Global Equity Market: Trend and Cycle Analysis of U.S. Retail
- Full list of Editors' Picks »
- General Electric: Genuine Risk of Collapse? »
- Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor? »
- Memo to Warren: AmEx Preferred at 15%, Warrants at $12 »
- Jim Rogers on China »
- Peak Oil's Bell Is Ringing »
- UltraShort ETFs: At a Tipping Point? »
- The Pickens Plan Changes Its Strategy »
- The Biggest Problem Detroit's Big Three Face »
- Tech May Be a Wreck, But This Isn't 2001 »
- 11 Stocks Selling Below Cash »
- Wall Street Breakfast: Must-Know News »
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »
Trading Center
- Free E-Newsletters
- About Seeking Alpha
- About Us
- Contact Us
- What's New
- Readers Feedback
- Advertise With Us
- Contributors
- Contribute an Article
- Feature Your Book
- Our Contributors
- Anonymous Contributions
- Dispute an Article?
- Legal
- Terms of Use
- Privacy
- Copyright
CaptBob
198 Comments
Scott Burns Thinks You're Saving Too Much for Retirement
The one word that was conspicuous in it's absence in the above article was---Inflation!!--. I am paying at least double for everything compared to two years ago.
In this period SS has given me 6% cost of living increase!!
They say inflation is 4%! does anyone believe this blatant lie??
Well that's what you have to adjust for.
Your portfolio has to have a guaranteed COLA increase with no chance of loss!! Have you checked the market lately??
Own your home your taxes, insurance and repairs double, rent and your rent doubles.
Tinker belle hasn't visited my refrigerator in some time now, and you can add gas to food cost just to pick it up.
If crash thinks 2200sq ft. is subsistence living he can swing by in his new Hummer and take me shopping anytime.
The Rise and Fall of the Subprime Mortgage
One glaring error in the above--use of the word "almost" The only context you could use the word almost in is: mortgages are "almost" non-existent!. And will stay that way a long as the banks are hoarding equity to shore up their "phony books reserves" to legal limits.
You don't need a Harvard study to know the chronological mapping of the "Crime"!! You only have to know 95% of the "victimization&qu... is still out there "Un-repaired"... and will be for some time. If you don't think so, try selling some CDO cake anywhere in this universe--AAA icing my A$$, check that chocolate "Tranche"--t... not chocolate!!
It was a pure crime and the criminals are NOT in jail!!
How can anyone have any faith that we want to put it right??
A Govt. entity handing out "Bail money" to private enterprise in my name--NO THANKS!!
For Everything, Wind - Stop Trading! (7/17/08)
It's like stepping backward where you can't see and getting Sh*t on your shoes.
The proof that this "Putz" is worthless is contained in the article--. "As long as an issuing of equity by the banks follows the move, he said, then "we'll be fine."
Let me give the "Huckster" a "Bigg lightning Bolt"
We will Not be fine!!--The Banks will hoard equity, as their reserves are imaginary. As soon as someone goes over their phony books, they're going down so deep they'll need SCUBA to breathe. "As long as-----" This fool needs a curve sign a mile up the road, not to drive off a cliff!!.
If the Best mortgage out there was the Titanic, the whole bunch -(including Foolie & Fakee)-would be icebergs with only the tips showing above water as a warning.
Implementing Pickens' Plan for Public Energy Policy
He doesn't get sidetracked off on some social issue like Social Security Taxes for lower incomes and try to cure that with funds created out of energy use. Next you'll hang health care as a % of pump costs--talk the thing to death and qualify as a True Blue Socialist Politician!!
The Pick has a good idea!. Get behind it and support it as it is!.
The last thing it needs is a third "Legion" of Do Gooders trying to figure out how to siphon off some of it's efficiencies.
The Windex Will Clean Up - Cramer's Mad Money (7/15/08)
Apparently, even he has the brains to listen to T. Boone when he speaks: That's enormous progress!.
As usual everything else--too little, too late to be of value. Typical plagiarizing of someone else's announcement.
Wind, Natural Gas ETFs: Oil Man Pickens Thinks You'll Make Money
Stop acting like Politicians and just get behind it, all the "Bugs" are killable in short order.
People that love trees so much that they pass laws forbidding cutting them, even around your house, on your own property, and thereby suffer burning down the trees and the houses every few years I don't want to hear from.
The Politicians that are waiting for bids from the Lobbyists--(like corn farmers)--Academics that only understand energy in a blackboard formula, and other assorted room temperature IQ's, please step back out of the way. You've had since 1973 to solve this problem--now that the "Crisis" results are in, let's let the individuals try--Like "the Pick" who understand the problem--and the solution.
And the stupid, spiteful, foot dragging Permit withholding will not be tolerated. No studies, No Birds, No BS!!
Think the Unthinkable About the Markets?
Either created with no labor, or intrinsic value behind them, or based solely on -(non payable)-debt is nothing more than cellulose and trading them for something of true value just pollutes the value pool and eventually leads to a future devaluation of the whole.
It will take some time to reestablish a pool of true value and legitimate debt which will be paid. Establishing trust will take somewhat longer.
The first step will be to stop printing paper which looks like currency but represents nothing but cellulose with ink on it. This infects true currency which someone labored for, and will diminish it's-(true currency's value) worth proportionately. To the point it will require greater and greater amounts to purchase the same goods-(inflation)-and ultimately is no longer accepted at all.
Eurozone Still To Be Avoided
Let's say coffee (retail is a commodity) and Hans, Pierre and Luigi go into their Starbucks and have a Latte on Monday, price 4 Euros.
Tyrone on Times Square goes in and it's $6.
OK Tuesday the Euro goes up 10%. Does Starbucks an American Co. charge Hans and friends in Europe 3.6 Euros and Tyrone $6. Bite your tongue! At Der Starbuken Cafe it stays 4 Euros. and Tyrone will get -(slowly)- moved up to 6.60, probably driving him back to cheap Calif. wine.
Same thing with Oil when a barrel goes up it's in dollars so we get a direct hit. In Euros its less since a Euro buys more dollars with which to buy the oil--Comprenez??
Are American Companies Now Up For Grabs?
The ABCs of the Fannie Mae / Freddie Mac Problems
The Investment bank of last resort is the Fed.
But they must have a good "Humanitarian & quality reason to appease Congress on a move of this magnitude. Bailing bankers with tax dollars is getting unpalatable.
The poison pill in the whole mess are sub-prime mortgages. They were created by greedy bankers but now they bite all who touch them, bankers and unsophisticated/innoce... homeowners alike.
I believe Congress will create a "Homeowner safety net". The houses are built, bought and paid for. To toss families in the street and create deteriorating, vandalized, vacants, exacerbates the loss. At best they are auctioned for 30% of value, depressing 100% of the market Nationwide.
This "safety net" will funnel the loss difference from the Fed to Fakee & Foolie to take over and rewrite the mortgages in a manner the occupants can afford-(with pain attached). The phonies-(application liars and speculators , for resale) will be sold off in a trickle the market can absorb.
This of course will require Zimbabwe Bennie to go for an advanced course in turbo charging a printing press. And will result in the dollar going from medium/rare to well done in the cooked dept.
But no matter how you turn it, there are only fiat dollars in the lifeguard tower. Might as well make some political hay out of it, that will fool most of the people most of the time. And give the other big banks--(their buddies) a chance at a Phoenix resurrection, by unloading a PORTION of their stink on Fric & Frack. With their books who's counting??
How Do We Get Out of the Mess with Fannie and Freddie?
The Investment bank of last resort is the Fed.
But they must have a good "Humanitarian & quality reason to appease Congress on a move of this magnitude. Bailing bankers with tax dollars is getting unpalatable.
The poison pill in the whole mess are sub-prime mortgages. They were created by greedy bankers but now they bite all who touch them, bankers and unsophisticated/innoce... homeowners alike.
I believe Congress will create a "Homeowner safety net". The houses are built, bought and paid for. To toss families in the street and create deteriorating, vandalized, vacants, exacerbates the loss. At best they are auctioned for 30% of value, depressing 100% of the market Nationwide.
This "safety net" will funnel the loss difference from the Fed to Fakee & Foolie to take over and rewrite the mortgages in a manner the occupants can afford-(with pain attached). The phonies-(application liars and speculators , for resale) will be sold off in a trickle the market can absorb.
This of course will require Zimbabwe Bennie to go for an advanced course in turbo charging a printing press. And will result in the dollar going from medium/rare to well done in the cooked dept.
But no matter how you turn it, there are only fiat dollars in the lifeguard tower. Might as well make some political hay out of it, that will fool most of the people most of the time. And give the other big banks--(their buddies) a chance at a Phoenix resurrection, by unloading a PORTION of their stink on Fric & Frack. With their books who's counting??
Wal-Mart's Latest Beat-and-Raise: Yawn
Wal-marts were constructed on the outskirts cause that's where sufficient cheap land was.
Sure they're cheap and you save but their "Vacation Ad" on the savings does not show a gas gauge with full=$90, 1/2=$45 etc.
But when people are parking the car and walking to the local Pizza store rather than pay the delivery fuel sur-charge, they'll wise up.
If you pass one to or from work OK, If you car pool it 1X a week OK.
But a casual 10mi drive to Wal-mart is over.
Anheuser / InBev: Cooler Heads Prevail
Sticking a flag pin on a beer is an exercise in futility, suds gourmets drink Heineken now anyway. Bud sells to Troops in A-FaG, and Iraq now since we underpay them by a mile---the true disgrace!
So let's all tilt a Stella Artois to China coming to buy Wal-Mart then we'll get some of our poison cat food money back--at least. They don't know it but the Wal-Marts you can't walk to are in big trouble!
Beware of Sending Fannie and Freddie Stock to Zero
But they must have a good "Humanitarian&quo... reason to appease Congress on a move of this magnitude. Bailing bankers with tax dollars is getting unpalatable.
The poison pill in the whole mess are sub-prime mortgages. They were created by greedy bankers but now they bite all who touch them, bankers and unsophisticated/innoce... homeowners alike.
I believe Congress will create a "Homeowner safety net". The houses are built, bought and paid for. To toss families in the street and create deteriorating, vandalized, vacants, exacerbates the loss. At best the are auctioned for 30% of value, depressing 100% of the market Nationwide.
This "safety net" will funnel the loss difference from the fed to Fakee & Foolie to take over and rewrite the mortgages in a manner the occupants can afford-(with pain attached). The phonies-(application liars and speculators , for resale) will be sold off in a trickle the market can absorb.
This of course will require Zimbabwe Bennie to go for an advanced course in turbo charging a printing press. And will result in the dollar going from medium/rare to well done in the cooked dept.
But no matter how you turn it, there are only fiat dollars in the lifeguard tower. Might as well make some political hay out of it, that will fool most of the people most of the time. And give the other big banks--(their buddies) a chance at a Phoenix resurrection, by unloading a PORTION of their stink on Fric & Frack.
Are American Companies Now Up For Grabs?
If you look at history--What Industry/business improves in a recession or depression??
#1 On the list is alcoholic beverages! Do you think they know something we don't??
The dollar is cooked-just stick a fork in it. That's another reason Inbev got a deal they bought with euros which is a 35% discount right in the exchange + lower stock value=bargain.
There is a lot of Bud sold abroad, we'll retain the payroll--I hope, but that amount of trade balance will now go to Belgium, that does not help the dollar!!