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  • April Job Growth Improves as Jobless Rate Ticks Up  [View article]
    The headline today should actually have been "Miracle in D.C.: Government program creates a wave of 175,000 fully-employed births and resurrections today!"
    May 6, 2011. 05:46 PM | Likes Like |Link to Comment
  • Why It's Time to Sell Silver Stocks and Buy Bank of America  [View article]
    ...maybe they should increase margin requirements in stocks to get rid of the "froth" in stocks like BAC...
    May 3, 2011. 11:59 AM | 9 Likes Like |Link to Comment
  • Why Natural Gas Disrupts the Energy Industry  [View article]
    Mr. Cooper,
    You've obviously never worked in the construction industry or you'd have heard the running joke about concrete...there are only two kinds of concrete, concrete that has cracked, and concrete that will.... As for running steel rebar within the concrete, yes, it provides exponential increases to the strength of concrete, but last I checked, I've not seen crews of rod-busters tying 5000' of rebar at any of my local drill rigs......I would, therefore, assume that the concrete casing is not steel-reinforced along its length.....and the risk of cracked concrete would be, again, high.
    Apr 14, 2011. 12:25 PM | 1 Like Like |Link to Comment
  • Putting a Damper on the Big March Job Report Celebration  [View article]
    Dean, forgot to add that, of the 216k jobs that were added, 117k were added by the birth/death model...and within those 117k jobs it was noted that the construction component of these theoretical jobs grew 50% "unbelievable" number when one considers, as you mentioned, that the Commerce Dept reported a slowing in construction activity.
    Apr 3, 2011. 09:03 AM | 19 Likes Like |Link to Comment
  • Why Natural Gas Disrupts the Energy Industry  [View article]
    No mention of the price of environmental costs in regard to 'fracking'... Of course, only those in the 'fracking' locale are affected, so who else is going to care about disease or death of a few when fuel prices can be so cheap! ...reminds me of some other situation...I ...just...cant'...put.... ...finger...on.... It's not like people in the U.S. wouldn't notice if we had people dying in order to secure cheap energy sources...nor would people in the U.S. not put 2 and 3 together and decided that their defense budget was funding cheaper fuel prices. So I'm sure that there'd be an absolute uproar about any collateral/environmental damage that wasn't accounted for in the price of fueling-up their chevy or running the air conditioner at 60degrees day and night.....
    Jan 19, 2011. 08:54 PM | 5 Likes Like |Link to Comment
  • So put together, the total is €750B ($966B) of shock and awe to save the eurozone - €440B in loans from the nations, €60B from EU emergency funds, and €250B from the IMF - but it better be enough, as signals from the U.K. and from German elections suggest no future help is forthcoming. Euro +1.3% against the dollar; S&P 500 futures +2.6%.   [View news story]
    So a little QE from the ECB… A little QE from the FED… Let the race to the bottom begin! By next fall I could be heating my house with worthless dollars/euros!
    May 9, 2010. 11:29 PM | Likes Like |Link to Comment
  • Is Deflation About to Rear Its Head? Part 1  [View article]
    "Historically, Government Intervention has ALWAYS been trumped by Market Forces. However, 2009 was a year that defied this trend for the following reasons:

    1. The Government Intervention taking place was/is WITHOUT precedent
    2. Most if not ALL market participants today have little if any knowledge of historic trends and so do not operate based on this information/ insight
    3. Most if not ALL market participants operate under the belief that the last 30 years of credit/ financial expansion are “the norm.” This belief system features the following sub-beliefs:

    * That the Fed can fix or save the market always
    * That stocks are meant to go up and that bear markets are a thing of the past
    * That deflation is not possible in the US"

    I would argue that over the last 30 (actually, nearly 40) years credit expansion HAS become the "norm" and that deflation truly is NOT possible in the US, since the US abandoned the gold standard and set the precedent of the Printing Press. So long as the Fed/Gov't is not constrained by laws of austerity, deflation will not be possible AND, therefore, the stock market SHOULD continue its long-term upward trend in dollar terms, however, as one could EASILY argue, NOT in terms of VALUE (i.e., adjusted for inflation/the hostess-cupcake-inflat...
    Feb 27, 2010. 12:24 AM | 2 Likes Like |Link to Comment
  • U.S. Treasuries: Heading for a Rally or an Implosion?: Part 2  [View article]
    I believe it's called the Fed's "Treasury Plunge-Protection" China (AND Russia) have been selling/not buying/allowing maturity... Greece/Europe will eventually be just a sideshow.
    Feb 17, 2010. 07:17 PM | 3 Likes Like |Link to Comment
  • Goldman Sachs (GS) played a key role in helping Greece hide its true debt levels, reports Der Spiegel. In 2002, Greece and Goldman "devised a special kind of swap with fictional exchange rates" that created additional credit of up to $1B for the debt-laden country.   [View news story]
    Of all things...Congress should hold hearings into how/where GS has performed these services...(yes, include the US)...instead they want a company president to come in and testify, through a translator, about some engineering problem that, technically, he knows nothing about.
    Feb 17, 2010. 06:57 PM | Likes Like |Link to Comment
  • Divining the Next Crisis: All Eyes on the Dollar  [View article]
    Not to be facetious, though it is my "style", but is there any evidence that the Fed could placate Treasury demand through "backchannels" (having 3rd party purchase Treasury bonds during sale only to have, a week or two later, the bills sold back to the Fed in order to provide the initial "demand" during initial bidding...) now that the Fed has stopped buying...? Perhaps I'm just grasping at straws................and more straws...and more....OR..perhaps I've had too much to drink....
    Nov 9, 2009. 11:58 PM | 2 Likes Like |Link to Comment
  • GMAC Financial Services is reportedly in talks with the Treasury Department for its third lifeline: between $2.8B and $5.6B in fresh capital, on top of the $12.5B the lender has received since December, coming via preferred stock.   [View news story]
    What ever happened to shooting the horse when he came up lame?
    Oct 27, 2009. 10:52 PM | Likes Like |Link to Comment
  • Chart of the Day: Median CPI vs. BLS CPI  [View article]
    Are you beginning to lay out your case for stagflation, whereas we've had increases in inflation even while losing millions of jobs???
    Sep 17, 2009. 04:45 AM | 1 Like Like |Link to Comment
  • Surging Gold Not Sign of Inflation  [View article]
    How about comparing the price rise in gold from 1982-83 and from 1985-87 against the issuance of U.S. Debt during and around those periods. You may find a stronger correlation.
    Sep 10, 2009. 08:27 AM | 1 Like Like |Link to Comment
  • An Increase in Minimum Wage = A Decrease in Hours  [View article]
    On Jul 26 01:33 PM WAKEUP wrote:

    > College professors of a quasi-literary bent are, essentially, unskilled
    > workers. Therefore, Dr. Perry should be paid $7.25 per hour, at most.
    > Of course, if the minimum wage standard is reduced, he should be
    > paid less.

    Yes, but he'd get more hours and still be paid the same, in his words~ Sounds like if everyone were paid nothing, we'd have 100% employment across the board.
    Jul 27, 2009. 09:11 AM | 1 Like Like |Link to Comment
  • The One Mega-Trend NO ONE is Talking About  [View instapost]
    "Thanks to easy credit and cheap goods from China (formal trade with the US opened on 1971), the Boomers operated under the illusion they were getting richer almost every year, when in reality they were spending their and their parents’ savings."

    Note that during this time, the government was also spending the savings of the boomer's children. The cash cow has been milked dry.
    Jul 13, 2009. 04:49 PM | 1 Like Like |Link to Comment