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strutzma

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  • Putting a Damper on the Big March Job Report Celebration [View article]
    Dean,
    ....you 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% year-over-year....an "unbelievable" number when one considers, as you mentioned, that the Commerce Dept reported a slowing in construction activity.
    Apr 3 09:03 AM | 19 Likes Like |Link to Comment
  • U.S. Housing Market: 1982 vs. 2009 [View article]
    Mark,
    Please also include a graph of the national savings rate with your housing affordability data. We need practical, dimensional data, not just a single piece of the puzzle.
    Feb 1 12:12 PM | 10 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 11:59 AM | 9 Likes Like |Link to Comment
  • The Falling Real Price of New Cars [View article]
    What Mark neglects to tell you is that Real Wages are zero to negative during this same period. There is no benefit to American Consumers over this time period except the availability of new and more exotic debt instruments that have buried Joe America to his eyebrows. You'll have to draw the flat line for wages across your computer screen for a better comparison, because Mark isn't going to reveal this dirty little secret.
    Mar 31 05:50 AM | 7 Likes Like |Link to Comment
  • Interesting action in the precious metals had them continuing overnight a sharp fall begun after FOMC minutes suggested an earlier-than-expected end to Fed candy. This reversed with the 8:30 jobs report which showed still-sluggish employment growth. Gold has since bounced $21 to $1,651, though still off 1.4% on the session. Silver jumps $0.70, but remains -2.6%[View news story]
    The same FOMC that was discussing the "end" of QE2 in March of last year...of course that end was just the beginning of QE3 & QE4EVR.
    Jan 4 10:15 AM | 5 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 08:54 PM | 5 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" team...as China (AND Russia) have been selling/not buying/allowing maturity... Greece/Europe will eventually be just a sideshow.
    Feb 17 07:17 PM | 3 Likes Like |Link to Comment
  • Let's Twist Again, Like We Did Last Summer: FOMC vs. the Dollar [View article]
    Could the Fed be buying 300bn in Treasuries because the Chinese told them they'd be selling?
    Mar 18 11:44 PM | 3 Likes Like |Link to Comment
  • Luckiest Generation in History: Young Americans [View article]
    Steve in Greensboro,
    You forgot to mention that the "thousands of dollars in food, housing, cash, clothing, gifts, etc." were, in the larger scheme of things, funded by a loan that you took out on Susan's future and she will be paying for it with interest. My how the "borrow and spend" generations ignore this small (50+ Bn)detail...



    On Mar 15 10:00 AM Steve in Greensboro wrote:

    > I agree with Dr. Perry. The current generation live in a society
    > that is an order of magnitude more wealthy than their parents (who
    > were an order of magnitude more wealthy than theirs).
    >
    > It makes me wonder why this obvious fact didn't prevent more young
    > voters from voting left. I know the answer of course. The public
    > school system and leftist colleges turn out profoundly ahistorical
    > graduates.
    >
    > Some of you might enjoy the following note from the comments section
    > of one of my favorite websites.
    >
    > www.grouchyoldcripple....
    >
    > Comment begins:
    >
    > Guess you heard that 68% of the youth vote went to Obama. My granddaughter
    > called this morning to tell me she was one of them. I replied with
    > this e-mail:
    >
    > Dear Susan,
    >
    > The election of Obama comes down to this. Your grandmother and I,
    > your mother, and other productive, wage-earning tax payers will have
    > their taxes increased and that means less income left over. Less
    > income means we will have to cut back on basic purchases, gifts and
    > handouts.
    >
    > That includes firing the Hispanic lady who cleans our house twice
    > a month. She just lost her job. We can't afford her anymore.
    >
    > What is the economic effect of Obama's election on you personally?
    >
    >
    > Over the years, your grandmother and I have given you thousands of
    > dollars in food, housing, cash, clothing, gifts, etc. By your vote,
    > you have chosen another family over ours for help. So in the future,
    > if you need assistance with your rent, money for gas, tires for your
    > car, someone to bring you lunch, etc. ... call 202-456-1111 .
    >
    > That's the telephone number for the Office of the President of the
    > United States. I'm sure Mr. Obama will be happy to send a check from
    > his personal or business accounts, as we have, or leave cash in an
    > envelope taped to his front door for you, as we have.
    >
    > It's like this. Those who vote for the President of the United States
    > should consider what the impact of an election will be on the nation
    > as a whole and not just be concerned with what they can get for themselves
    > (welfare, stimulus checks, etc.). What Obama voters don't seem to
    > realize is that the government's money comes from taxes collected
    > from tax paying families. Raising taxes on productive people means
    > they will have less money to spend on their families.
    >
    > Congratulations on your choice. For future reference, you might attempt
    > to add up all you've received from us, your mom, Mike's parents and
    > others and compare it to what you expect to get over the next four
    > years from Mr. Obama.
    >
    > To congratulate Mr. Obama and to make sure you're on the list for
    > handouts, write to:
    > The White House
    > 1600 Pennsylvania Ave. NW
    > Washington , DC 20500
    >
    > Love you Susan, but call the number listed above when you need help.
    >
    > Grandpa
    >
    Mar 15 08:51 PM | 3 Likes Like |Link to Comment
  • Encana (ECA -5.7%) shares stumble after the EPA says in a draft report the aquifer in a Wyoming gas field operated by the company "contains compounds likely associated with gas production practices, including hydraulic fracturing." EPA says Encana has been funding the provision of alternate water supplies to the area since 2010. (earlier)  [View news story]
    FYI: EPA is a Nixon legacy
    Dec 8 10:49 PM | 2 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 12:24 AM | 2 Likes Like |Link to Comment
  • Divining the Next Crisis: All Eyes on the Dollar [View article]
    Graham,
    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....
    Cheers!
    Nov 9 11:58 PM | 2 Likes Like |Link to Comment
  • Helicopter Ben Turns into Ballistic Missile [View article]
    Could the Fed be buying 300bn in Treasuries because the Chinese told them they'd be selling?


    On Mar 18 05:52 PM The Real Deal wrote:

    > Fed took this step because of one big thing - all actions thus far
    > failed to fix the banks, and as economy further tanks, even more
    > banks will be hit. There is no way to arrest the spiral. Except to
    > print the money to absorb the banks' bad assets, and to fund Obama
    > stimulus package. It is also a reflection that foreigners no longer
    > will by Treasuries.
    >
    > And so here we are. This is probably the last step in monetary policy.
    > Either this is the beginning of a fix, or the beginning of hyper-inflation.
    > Bernanke made the call. Now it's our turn.
    Mar 18 11:57 PM | 2 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 12:25 PM | 1 Like Like |Link to Comment
  • Chart of the Day: Median CPI vs. BLS CPI [View article]
    Mark,
    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 04:45 AM | 1 Like Like |Link to Comment
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