GaryD

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81 Comments

    • Mon Mar 31st 10:49 AM | Rating: 0 0
      Commented on:
      Is it Finally Time to Sell Gold and Related Mining Stocks?
      D Johnson has it right. Nice and simple plan based on solid monetary reasoning.
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    • Fri Mar 28th 18:35 PM | Rating: 0 0
      Commented on:
      How Ivory Tower Economists Created the Housing Bubble
      (1) If rents start to rise, the government economists will probably re-jig their calculations to show lower inflation. I doubt that they will ever over-report inflation. (2) It is always easier for the government to punish taxpayers than tax consumers because they complain less. My guess is that we are in for a good round of inflation in order to transfer wealth to the borrowers/lenders. They are, after all, the ones who play the game.
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    • Tue Mar 25th 11:01 AM | Rating: 0 0
      Commented on:
      Good News: Home Inventories Falling
      Relying on massaged data from NAR to make conclusions about the market is a great form of analysis. Thanks.
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    • Sat Mar 22nd 20:56 PM | Rating: 0 0
      Commented on:
      Housing: When Magazine Covers Indicate a Clash
      Anyone remember the Economist cover called "Drowning in oil"? They put that out right at the bottom of the oil market.

      Very few people know that The Economist is controlled by the Rothschild banking family. Be careful about making decisions based on what you read in there. Economist writers are like Goldman Sachs analysts; as likely to misdirect as to direct.
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    • Wed Mar 19th 18:49 PM | Rating: 0 0
      Commented on:
      Google’s App War with Microsoft Ramping Up
      I've tried some of the Google apps and find them to be lacking in many ways. I have no great love for Microsoft and wish Google the best but they have a long way to go to displace any entrenched Miscrosoft product.
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    • Tue Mar 18th 17:22 PM | Rating: 0 0
      Commented on:
      The End of U.S. Investing as We Know It?
      You state that "while, housing and auto may be contracting, the other 90% of the U.S. economy is still expanding." Could you please justify the implied assertion that the financial sector is expanding. My interpretation of the available information is different.
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    • Tue Mar 18th 12:45 PM | Rating: 0 0
      Commented on:
      A Warning for U.S. Dollar Bears and Commodity Bulls
      My two cents: When the price of a single commodity goes up, it is probably due to supply/demand issues or speculation. When the price of almost all commodities go up simultaneously, it is more likely due to excessive monetary creation.

      Yes, gold might correct, but there are fundamental questions that one can ask that would lead a person to buy gold and other commodites right now (for example; what if the federal reserve needs to monetize the debt or what if they are already monetizing the debt?). Until those questions go away, I suspect that people will go on accumulating gold.
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    • Tue Mar 18th 12:14 PM | Rating: 0 0
      Commented on:
      Mark to No Market
      It's great that you have a rich grandfather that bails you out whenever you act like a retard. What if you don't have a rich grandfather? Or, what if he has already bailed out all his other financially-retarded grandkids and has no more money? Or, what if he himself is borrowing the money to bail you out?
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    • Mon Mar 17th 21:25 PM | Rating: 0 0
      Commented on:
      Tony Soprano Meets Subprime Lending
      Give me a break McKay. Almost every Republican I know (a) says they believe in less government and (b) either works for the government or for some corporate welfare case. Republicans believe in corporate socialism while democrats believe in bureaucratic socialism. That is the only difference between the two.
      View article »
    • Thu Mar 13th 18:26 PM | Rating: 0 0
      Commented on:
      Please, China, Sell Your Treasury Notes!
      The Chinese aren't that stupid.
      View article »
    • Wed Mar 12th 13:55 PM | Rating: 0 0
      Commented on:
      Fed Liquidity Actions: 28 Days Later
      Are you serious RG? Usually I can detect sarcasm, but I'm not picking it up here.
      View article »
    • Wed Mar 12th 13:10 PM | Rating: 0 0
      Commented on:
      Latest Bank Headache: Home Equity Loans
      That quote by Chuck Scharf is a joke. My brother-in-law worked at Citi when home equity loans first came out. They were told by senior management to push that crap and got big bonuses for doing so. At the time I thought that they were crazy to expect people to go out and get second mortgages on their homes to buy "stuff"; appararently I don't have a good grasp of human action. The bankers knew exactly what they were doing from the get-go. Now they want to blame the mortgage brokers, th government, the homeowners, anyone. They probably had a plan set up fifteen years ago that predicted a blow up, and a little chart that showed how they were going to pin the blame on everyone but themselves. Now they dump the crap on the fed, which amounts to a taxpayer bailout funded through inflation. What a crock. When do we get to tar and feather these guys?
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    • Fri Mar 7th 19:53 PM | Rating: 0 0
      Commented on:
      Here's Why the Fed Has No Credibility
      Goatfarmer, it is a pretty obvious point. One day ago a fed rep said that they would not respond in a knee-jerk action to market news, and then today they responded in a knee jerk action to market news. This is not hard to understand, and is a valid and important point.

      TenDollarTommy must be a fed employee. The entire posting is simply two quotes from the federal reserve, and based on that he claims that the poster does not know anything about credit markets or the fed. Only a fed employee could be so obnoxious.
      View article »
    • Fri Feb 29th 02:19 AM | Rating: 0 0
      Commented on:
      Oh, the Irony: Fannie Mae's Delinquent Loan Losses, Government Housing Solutions
      Umm correct me if I'm wrong but many of those mortgages are held by foreigners. If the US government imposes a massive bond default on foreign lenders won't it destroy the willingness of foreigners to finance our current account deficit? Won't this cause an even bigger credit crisis?
      View article »
    • Wed Feb 27th 21:43 PM | Rating: 0 0
      Commented on:
      Flawed WSJ Editorial: Wages Are Also a Price
      That's funny that you called one of the only decent economics articles to appear in the WSJ in years "flawed". How about these suggested titles: "Housing is also a price" or "Food is also a price" or "Heating oil is also a price" or "Gasoline is also a price" or "Healthcare is also a price". The CPI does not include any of these in any meaningful way. See www.lewrockwell.com/or... for a nice writeup of how supply side economists pick and choose their preferred indicator.

      I like that you go back to the 1960s (when we were still on a gold standard) in your analysis. How about re-running your analysis from 1987 (when the problem of excess money creation began) and using a non-government-issued measure of inflation. If that shows wages keeping pace with inflation I'll believe you.
      View article »
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