GaryD

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    • Mon Sep 1st 14:57 PM | Rating: 0 0
      Commented on:
      Playing the Market as Delinquencies Continue to Rise
      Can you short a company that trades at less than $5 per share?
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    • Thu Aug 28th 01:27 AM | Rating: 0 0
      Commented on:
      Gold Coin Rationing: Where There's Smoke, There's Fire
      Maybe the US Mint suspended sales of gold coins because they ran out of bullion to make coins from and had to order more? Back orders happen frequently when there is a demand spike in a manufacturing business, why wouldn't it happen to a government agency that is probably now being run by some ninkompoop member of the Gay Republican Mafia?
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    • Wed Aug 27th 02:09 AM | Rating: 0 0
      Commented on:
      Annual M2 Growth Is Nothing Like the 1970s
      This guy published the same data 5 days ago, he just changed the formatting of the graph:

      seekingalpha.com/artic...

      Check out what academic publishers think about this practice (see the section entitled "Ethics" towards the bottom of the page):

      www.bioline.org.br/req...
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    • Mon Aug 25th 16:26 PM | Rating: 0 0
      Commented on:
      Prominent Economists Make Up Data That Doesn't Exist
      He has also shown up on Fox News, which makes me think that he is either part of the Gay Republican Mafia, trying to get into the Gay Republican Mafia, or harmless enough so as not to be perceived as a threat by the Gay Republican Mafia.
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    • Mon Aug 25th 16:20 PM | Rating: 0 0
      Commented on:
      Prominent Economists Make Up Data That Doesn't Exist
      The author writes: "According to Federal Reserve, it doesn’t use M3 for policy making, doesn’t collect the data necessary to calculate M3 and doesn’t even want to spend the money to calculate M3 just in case it becomes valuable in the future."

      This is not at all accurate. The Fed has never said this. They do collect the data that underlies M3 (they even publish it; this is there those re-constituted M3 sites get their data), they just don't calculate M3 anymore since it doesn't seem to tell them anything useful. They still need to collect the underlying data for other purposes.

      I doubt that the author has even a basic understanding of how the federal reserve system works:
      -He mis-states the Fed's stance on M3
      -He describes the current Fed stance as "hawkish", which would imply a funds rate higher than inflation, which it is not.
      -He does not understand that the data to calculate M3 is available to anyone who wants to examine it on the Federal Reserve site and accuses the people who take the time to dig up the data and calculate M3 as either liars or whack-jobs. They are whack jobs, but the M3 data is coming straight from the Fed, not from thin air.

      Is is Mark Sunshine who is making things up by (a) attempting to pass himself off as knowledgeable on the subject of monetary policy, (b) mis-stating the Fed's monetary stance, (c) mis-representing the Fed's policies around data collection and dissemination, and (d) launching an ill-conceived straw-man attack on a nebulous, undefined group of "prominent economists".

      View article »
    • Sun Aug 24th 19:42 PM | Rating: 0 0
      Commented on:
      Real Estate Bubble Is Only in 4 States: CA, FL, NV, AZ
      The data series you cite from the St. Louis Fed only goes up to January 2008 you moron. Prices have come down since them.
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    • Thu Aug 21st 23:17 PM | Rating: 0 0
      Commented on:
      Alnylam and RNAi: The Truth Hurts
      Buffoontycoon thinks that monoclonal antibodies are a fad. Let's see here...www.pharmaweek.com/Exc...

      He must be more buffoon than tycoon!

      In all seriousness, it takes a long time to get all the details of a new drug technology worked out. Monoclonal antibody technology was invented in the 1970s but drugs based on these technologies took another 20 to 30 years to come to market. Now, they are hugely important and profitable.

      Alnylam has a long road ahead of it and admittedly it might fail, but it has an unbelievable scientific and business team behind it, is very well funded, and has collaborations from here to China. They have completed a Phase II study of their lead drug for respiratory syncytial virus infection of the lungs (ALN-RSV01: clinicaltrials.gov/ct2...) and have initiated a second one (see clinicaltrials.gov/ct2...).

      To see the kind of hurdles that Alnylam must clear, you can read this article: www.rnainews.com/issue...

      RNAi is a very exciting and promising technology. I own ALNY and hope very much that they are able to commercialize this incredibly promising technology. Humanity will be better off if Alnylam is successful.
      View article »
    • Mon Aug 11th 13:07 PM | Rating: 0 0
      Commented on:
      Who Is Really Printing Money?
      Yup. The fed seems to have escaped the banking crisis without inflating the money supply. Indian demand is also way down (56% yoy). This has resulted in very low (or even negative) gold lease rates. All of this is bearish for gold. My guess is that gold is done for a while.
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    • Mon Aug 11th 03:00 AM | Rating: 0 0
      Commented on:
      King Dollar Roars Back
      This guy picks and chooses his data to say whatever he wants it to say. This is called the "completion backwards principle" and it has been used by pseudo-scientists, fraud artists, alchymists, and hack academics throughout the ages. Here is a dollar chart over a longer time frame:

      bp3.blogger.com/_H2DeP...

      Like most academics, he probably wants a job at the fed, so he is showing that he is a good little soldier with his posts. He waves his hand over data noise and makes hints about the future. In previous ages he would be reading chicken entrails, or tea leaves, or palms, or conjuring spirits to reveal the future, or...you get the point.
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    • Wed Aug 6th 01:30 AM | Rating: 0 0
      Commented on:
      FOMC: Forking Over More Currency?
      Jason, you are proposing that the banks borrow from the Fed and then loan to major financials(?). The major financials already have access to Fed money at prime. Why on earth would they borrow from other banks at 5 points over prime as you suggest? You also mention that loaning money to REITs has no material likelihood of immediate default. True, but since the banks won't be able to get these loans off their balance sheets anymore by packaging them into make-believe mark-to-fantasy bundles and selling them to clueless foreigners, they will need to keep that garbage on their own balance sheets, which will require them to set aside more capital, which they don't have, which is the problem in the first place.
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    • Thu Jul 31st 14:34 PM | Rating: 0 0
      Commented on:
      Get Smart on U.S. Economic Policy
      Larry Kudlow is your best source of information????

      Ooo boy, a quiz, let's see.

      1. Yes, the US government is a unitary body when it comes to financial affairs. Votes in Congress on how to deal with the financial crisis have been bipartisan.

      2. Yes the government props up shares *in certain financials*. How else do you explain the existence of the President's Working Group on Financial Markets?

      3. Yes financials systematically lied about their financial assets. Here's some evidence that the deception was coming from the top:

      www.portfolio.com/news...

      4. I would report to my chief that the US is run by a bunch of over-bred, silver-spoon-reared, spoiled, short-sighted, corrupt, selfish country-club boys who wouldn't know an honest statement or a day of hard work if it kicked them in the ass, and who despise small business and entepreneurialism. I would further report that it is lucky for Americans that the constitution continues to afford some measure of protection against these yaks, although even that is being gradually eroded. I would conclude that the the question about the inevitable cleansing is silly since, under the Keynesian system that the US operates under, the government is allegedly able to avert financial collapse in a credit-based economy by increasing spending and liquidity.

      How'd I do?
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    • Wed Jul 30th 22:27 PM | Rating: 0 0
      Commented on:
      SWF: Stands for Stocks Weaken Faster?
      That study you cite starts its analysis in 2007, and then goes on to make conclusions about "the long run". Any analysis that starts in 2007 cannot in any seriousness claim to make conclusions about the long run performance of anything. Oh wait, Mark Perry is one of the authors. Now it makes sense.
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    • Sun Jul 27th 14:01 PM | Rating: 0 0
      Commented on:
      Second Quarter Homeownership Rate Has Largest Increase in Four Years
      Are you and Larry Kudlow having an affair? I know that neoconservatives are mostly closet homosexuals, and I have no problem with that, but come on, a little discretion here.

      Looking at your chart and using your own methodology, you would have called a housing market bottom in Q1 '05 and Q4 '05 and a top in Q2 '01 and Q4 '02. Great analysis. The fact that you think a 0.3% move on a single data point is meaningful and actionable demonstrates yet again your monumental stupidity. Census data typically has an error of +/-0.5%, so you are looking at noise, doofus. Go blow Larry.
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    • Thu Jul 24th 10:29 AM | Rating: 0 0
      Commented on:
      Bill Gross: The Housing/GSE Bill Is Best Way Out of Credit Crisis
      What Bill Gross does not mention is that PIMCO is holding a huge amount of mortgage paper. How the legendary Bill Gross got PIMCO into such a pickle is never discussed. This post is vintage corporate welfare bum Bill Gross (his real persona) masquerading as intelligent investor Bill Gross (his public alter-ego).
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    • Thu Jul 24th 10:03 AM | Rating: 0 0
      Commented on:
      This Can't Be Helping Real Estate
      ksmithdc, if you are paying 6.5% on a mortgage that you signed last year, you paid too much. I hope they didn't tack on a bunch of points as well!
      View article »
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