GaryD

Dow Upswing: Getting Back in the Game

I expected a typical bull post where the author's sole rationale for buying a stock was that it couldn't possibly go down any further BUT these actually look like decent picks in a tough market. Ecolab looks pretty strong. I'd be inclined to wait until an uptrend is established before buying in, but I've got ECL on my watch list now.

ECL ratios: www.reuters.com/financ...

Thanks!

Is Gold A Sucker's Bet?

Why do you start your graphs at the end of 1978? Any analysis of gold price over time should start in 1972. That was when the modern monetary system was established. The runup in gold is much more severe when you look at it like that. You look like a nice young man. If you are going to be an analyst, you need to learn to control your own biases and look at data objectively and ask the right questions.

That being said, I just sold all my gold since I am guessing that we are in a deflationary period right now. Historically, the first thing that happens in a deflation is that money "disappears" (ie is horded). I believe that this is what is happening at the retail level with gold and at the banking level with US dollars.

The growth in the money supply is massive right now. It is not leading to rises in consumer prices because the banks are hoarding money. If Paulson and company don't have a plan to get all that money back we could be in for a severe inflationary shock once money gets flowing again.

If I don't see the monetary base dropping when credit starts flowing again I'll be back into gold all the way.

New Bank Data: Latest Lending

Hmmm....based on this guys track record of getting just about everything wrong this post makes me think that the credit contraction is much worse than people are saying.

The St. Louis Fed data series cited only goes to the end of July...not exactly a reflection of what is going on in the markets right now. Our fine Doctor of Piled High and Deep is looking at lagging and outdated numbers when he should be looking at interest rate spreads to get an idea of what is happening. He clearly has no functioning knowledge of capital markets. Does he think that Washington Mutual just decided to close up shop for the hell of it?

Worrying About Large-Deposit Bank Runs

Many of those withdrawals are company payrolls. Companies of any significant size that do their own payrolls need to maintain sizeable accounts, well beyond the FDIC maximum. The people running these companies aren't going to screw around with the risk of losing their payroll. They are going to put the money into Treasuries. The bubble in Treasuries is a whole different ball of wax. It all ends in a run on the dollar...

5 Things You Can Bet on Following the Treasury's Plan

OMFG

Is the Current Crisis Really as Bad as the Great Depression?

Six days ago this idiot's post was titled "We're Still a Long Way From a Real Banking Crisis":

seekingalpha.com/artic...

Six days later (Six Freaking Days!) he says that we are in a banking crisis. What a complete and utter moron.

I am hereby proposing a "Mark Perry Contra Fund". The fund will take whatever dumbass statement Perry has made in the past week and bet on the opposite coming true.

For example, when he called a bottom in the housing market a couple months ago, you could have made a killing betting against him. If you bet against the dollar after his insane comments that the dollar was going to roar back you would have made a killing. The list goes on.

Of course, his bum chum buddies have banned short selling so it'll be tough to execute on this strategy, but where there's a will there's a way! Or is it "where there's a public toilet there's a neocon?" I can't remember...

Since When Is Getting a Loan Being 'Bailed Out'?

Why don't you move to Cuba or Venezuela you goddam commie. They have lots of restrictions on the press there so you should like it. Sheesh.

Trying To Find a Buyer for WaMu

20 bucks and an empty bottle of Henry Weinhard's Private Reserve beer. And I'll also throw in a used, green, spiral bound notebook and a marker that I accidentally left the cap off of. That oughta seal the deal...

Trying To Find a Buyer for WaMu

I'll give them 20 bucks for it.

Demand for Gas: You Can't Have It Both Ways

Get a job that isn't taxpayer funded and maybe you can talk about free markets. Until then, get lost.

We're Still a Long Way from a Real Banking Crisis

Fatcat, there can be many sides to an argument. One of those sides may be a steaming pile of fresh wet dung, which happens to be the side that Dr. Perry usually represents. Does it deserve to be heard? No, it doesn't since it is not based on anything but the mental equivalent of abowel movement.

We're Still a Long Way from a Real Banking Crisis

This guy doesn't seem to understand that it is not "banks" that are the problem, it is "financial institutions".

ml-implode.com/

I doubt that this guy has even a basic working knowledge of capital markets. Your tax dollars at work, folks!

Economic Facts: U.S. Economy Is Doing Quite Well

This is cherrypicked data with no historical or trend data to back it up. He neglects to mention that the Netherlands, Finland, Sweden, Switzerland, Denmark, Ireland, Iceland, Qatar, Norway, Luxembourg, and Liechtenstein all have passed the US in GDP now. The US is fading down the international tables due to corruption and incompetence at the highest levels of government. Fortuntately for the people in power there are sycophants like Perry around. Good little soldier.

Real Disposable Income Up by 11.4% in Q2

Ph.D = Piled High and Deep. Desperate times call for desperate postings, and this guy is desperate for a government posting somewhere. This is what our kids are being exposed to in college. Yikes!

Investing in Biotech: The 3 Phases of Clinical Trials

Good call, Egg.