Rhodomontade

12 Comments

    • It's Not the Fault of Hedge Fund Managers That They Make So Much Money [view article]
      "Stupid rubes! It's their own damn fault if they got bilked by the carnies!"

      You have the repugnant morality of a thief and the relevance of a carnival barker.       Apr 07 04:01 AM
    • Meredith Whitney Threatens Severe Deflation For Your Portfolio [view article]
      Does every ignorant, conspiracy-mongering, dunderhead with a blog get published on Seeking Alpha?

      Let me explain something, Phil.

      Derivatives and mortgage-backed securities and all this other overpriced imaginary financial alchemy are mirages of dubious value.

      India cannot eat collateralized debt obligations. The Chinese cannot power their factories on auction-backed securities. Nobody is making fertilizer, jet fuel, and electricity out of Citigroup's "products."

      Oil is a finite, precious commodity that exists in the real world. Energy and matter are reality.

      You, however, live in the shadow world of financial alchemy, conspiracy theories, economic propaganda, and random walks through meaningless charts - which is why almost every single thing you write is invariably, colossally, and astoundingly wrong.       Mar 30 09:39 PM
    • It Wasn't a 'Bailout' [view article]
      The Federal Reserve is an insidious banking cartel. Repeal the Federal Reserve Act, break the grip of the money trusts, and return the power to issue currency to a Congress of the people. Mar 19 02:25 AM
    • eBay's Kijiji Talks Smack About Craigslist: "We'll Be #1 in the U.S." [view article]
      One basic rule of internet marketing - have a URL people can type and remember. Kijijji? Kijiji? Kiiji? Kijjiji? There is no visual, and hence mental, difference between these sloppy and meaningless incoherent assemblages of letters that stand together in the middle of the alphabet.

      And it has no audio cognate. If I tell you in person, in a restaurant or over the phone: "Oh yeah, just go to kijiji.com and give away your old couch," you will go home and type "kageegee" or "Kuhjeegee" or a million other possibilities.

      How many thousands of dollars did these idiots pay to a branding agency and which one for this crap name? Because it looks like they farmed out the job to an intern.       Feb 28 03:47 AM
    • Commodity Analysts Believe the Party's Over [view article]
      "Cornucopian puffery from navel-gazing, coddled, institutional chartists who swallow this government-manufacture... economic statistical propaganda wholesale because they are either stupid or afraid.

      Back in the real world inflation rages, growth in Asia is exploding, the money supply swells, and commodity scarcity is the new reality.       Feb 22 11:48 AM
    • A Bet Against the Banks [view article]
      globalmacro, your case sounds persuasive but your analogy between equities in the stock market and credit default swaps is problematic because they are radically different things.

      I see your point that if Morgan's swaps are properly balanced, they are hedged and the risk is minimized. But it's not that they bet the wrong way that's the danger.

      The danger is a cascade of defaults, beginning say with the monoline insurers, or some other weak sister, spiraling out of control in a total derivative meltdown. Swaps from default parties are basically worthless, and does JP Morgan even know who all their counterparties are anymore? My understanding is these things can be sold at any time without notifying the other party to a third party. And so on.

      Look at how much AIG had to write down out of their mere 78 billion in CDS. What if JP Morgan has to write down a similar proportion of their exponentially larger portfolio?

      I'm no expert in these esoteric instruments, but even the possibility of such a catastrophe has me avoiding all financial equities at all costs.       Feb 18 10:46 AM
    • 5 Must Read Articles in Oil and Alternative Energy [view article]
      Good roundup. I'd never heard of KOL. Feb 18 09:53 AM
    • America's Middle Class: Living Large [view article]
      I hope you didn't earn a PhD lazily poking out one-paragraph fake articles like that and then letting some video do all your thinking for you.

      That video is plainly and painfully a piece of globalist progaganda trash.

      The lies about prices going down are a complete canard. For all the cost of technology goes down, but what about the cost of health care, gasoline, and food? -- the latter of which is going UP, not down, as your lying video asserts.

      Why is it that the feelgood free-traders who put together this paper-thin analysis never ask all those beer-swilling lake jockeys how much they BORROWED to afford those hummers and motorboats? How much credit card debt they have? How much it costs to fill up their ugly trucks? How much of their home equity they tapped to buy all that junk? How many of them are upside down on option ARM loans sold up and down by snakeoil salesmen?

      Oh no, your Reason magazine crowd blames it all on the media. But even an ivory-tower idiot ought to be able to see what a specious and pathetic argument of last resort that is: "Your honor, my defendant shot up the school because of violent TV!"

      Just pathetic.       Feb 12 03:25 AM
    • Imagine If You Didn't Hate Your Mobile Carrier [view article]
      Universally positive comments about the iPhone -- when the question of the quality of the iPhone isn't even at issue -- is the hallmark of the Mac cultist. There, if you are going to make an ad hominem attack, base it on some reality like, I did.

      My POINT was, if you can bother seeing anything outside your rosy-eyed worldview, dithers, is that BECAUSE Apple has only one, high-end phone, and that US carriers do not generally even offer high-end smartphones from the likes of Nokia, then OF COURSE iPhone users will be happy, while people stuck with old Razers or throwaway loss leaders from other makers are going to have less satisfaction. The fault is with the operators and the selection they offer.

      Do you even know the difference between a Verizon and a Samsung?       Feb 12 03:06 AM
    • Imagine If You Didn't Hate Your Mobile Carrier [view article]
      The problem with this analysis is that the iPhone is one of the first smartphones in North America actually supported by one of these major mobile carriers, who normally bundle cheap models by other makers into service plans to compete in volume in price. So those satisfaction numbers are not representative.

      Also you seem to confuse handset makers with service carriers. What difference does it make if you have an iPhone or a Samsung if the AT&T coverage in your area is dubious?       Feb 11 09:59 PM
    • 6 Reasons the Market Should Bounce Here [view article]
      First, technical analysis is nonsense.

      Second, see above. "Stochastic oscillator" -- ha, ha, ha! I am laughing out loud. You can use any fanciful jargon you want, make it sound as scientific and "technical" to impress the mathematically uninclined, but it is all just a random walk.

      Third, any Fed action is already priced in.

      Fourth, the politicians haven't agreed to do anything yet. They have been talking for six months about what to do about idiots who bought subprime, but still haven't done anything. What about our broken political system do you not understand to see that this money-wasting boondoggle of a stimulus package will do nothing but drive us deeper into debt and continue to destroy the value of our dollar? Or are you among that tribe of fools who believe the world owes us a living? That the savings of Asia, the accumulated wealth of their sweat and industry, will continuously be used to purchase up the debt of an entire generation of worthless politician spendthrifts why by the very nature of their positions and obligations are nothing but useless, incompetent whores?

      Fifth, "the volatility index is due to go downard soon." How so? Did you see its plane ticket?

      Sixth, what does news or a lack thereof have to do "storchastic oscillators and the VLI?" Either you follow your stock market voodoo and ignore all outside factors, or you don't. You can't make these stupid astrological predictions based on some pseudoscience and then blame a lack of results on some headlines or Fed action.

      Truly an ill-informed article.       Jan 21 02:09 PM
    • Memo To Retail Investors: Smart Investing Is A Serious Business [view article]
      In a period of time when the marketing is suffering because of the hubris, greed, stupidity, and fear of the overrated, overpaid professional "smart" money manager and their collapsing, leveraged-to-death hedge funds and the billions of dollars of dubious derivatives and toxic junk loans which threaten the world financial markets, the fact that you go on this foam-mouthed tirade against a tiny percentage of retail investors foolishly investing in things they do not understand is the height of hypocrisy, arrogance, and offensiveness.

      There will be no Fed bailout for these retail investors, they truly do operate in a world of moral hazard, unlike these overrated, overpaid tax-dodging hedge fund managers who are directly to blame for the current turbulence. And that is the most disgusting thing of all, even more disgusting than your crass and ludicrous temper tantrum.       Aug 19 05:12 PM
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