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  • Remember, It Was The Great Recession, Charlie Brown  [View article]
    You have a valid point. The author has mentioned mainly the REIT that have benefitted in a number of ways from the ponzi scheme -- interest rates arbitrarily made low so that they can refinance and show profit; lots of money thrown at government agencies, states and municipalities that they have been propping up these vacant properties. In Cincinnati where I live, one big hotel became a FBI HG or operation center to give one example.
    In the mean time folks from the other parts of the world are becoming more richer and knowledgeable about the financial matters. When they recognize the prop up given by the printing presses, the dollar abroad will revert back (I recall Chinese for one going from hoarders of dollars to refusing to take them inside the country). When that happens and when we cannot repeat the "Add 10 plus T $ debt", the fun will start.
    Sep 25, 2014. 02:58 PM | 2 Likes Like |Link to Comment
  • Yellen sticks to game plan at Jackson Hole  [View news story]
    It appears good part of the new jobs are in areas like manicure, pedicure (and of course our TSA) etc. Whenever I go outside, I notice most of the strip malls (I am in Cincinnati) are empty, manicure places (run perhaps by newly immigrated minorities trying to make a life for themselves) and Indian groceries have taken half of that space (I wonder if they were told to have the place rent free if they would keep the lights on) but there are few customers at any given time. Perhaps Obama health care has given them some incentive to start such businesses. It won't take much of time for these kind of services to crash and these folks seem to have invested a lot (in furnitures, equipment) without much research.
    Aug 24, 2014. 06:05 PM | Likes Like |Link to Comment
  • Don't Talk About Wages And Incomes  [View article]
    Yes, perhaps the growth in population might come to an end. But the greed factor (consumption per capita) would increase (for example, right now it looks like the Americans consume 25% of the world oil production whereas their population is something like 10% of the total. And the elite, rich and powerful in all other countries want to emulate that life). That can put a tremendous pressure on natural resources and hence the prices. Add to this the fact that the old Americans may not be able to pass on their social security bills to the younger generation (including the gullible Indians like me some 40 years ago! and others anymore; why to migrate if the living standard at least for the elite is comparable?)!
    Aug 20, 2014. 10:34 PM | Likes Like |Link to Comment
  • Futures point to higher open  [View news story]
    It looks like the correction is over. Long live the King (or Queen to be correct) janet Yellen!
    Aug 19, 2014. 08:53 AM | 1 Like Like |Link to Comment
  • Gundlach pokes holes in housing recovery at Sohn  [View news story]
    Let me add this to BBRO stats. From anecdotal evidence and knowledge about the general market, I can say that good part of the cash buys come from rich first immigrant generation parents of non-caucasian origin who are about to retire funding their kids living, taking their clue (wrongly in my opinion) from places like Bombay or Shanghai where the population density is high (and keeps going higher), inflation is much higher, the resistance for innovations (including moving businesses to a new city etc) is much higher and hence the real estate prices keep going higher and higher. They are playing the US real estate like stock market without understanding these crucial differences and hence will contribute to a big decline when the downturn starts.
    May 5, 2014. 04:21 PM | 2 Likes Like |Link to Comment
  • Will Housing Sales Show A Collapse In May's Reports?  [View article]
    Anecdotal Evidence: Perhaps it is not just flippers. The first generation of non-caucasian immigrants (I am making this distinction to point out big difference in cultural / family values or the dynamics) are retiring with good money, their children are growing up and need to buy their first house. I know it is true with some Indian immigrants and probably true for the Asian population as a whole.
    The flip side is that I also heard of the H1B visa crowd leaving their shiny cars (with monthly payments still due) at the airport lots and leaving for india during the 2008 meltdown. So, let us see how these purchases work out.
    Apr 30, 2014. 07:49 PM | Likes Like |Link to Comment
  • MBA Mortgage Applications  [View news story]
    When we look at the figure, we can see the Greenspan easy money / tech bubble / irrational exuberance that started around 1994 and went bust by 2010. The Bernanke give aways saved us a little bit I suppose. When it's effect stops we will reach the equilibrium, much lower. This country has over built in terms of everything (numbers, sq. ft per person etc.) whereas the technological revolution is changing the whole paradigm. Think what will happen if we were to or forced to convert some of the mega malls and the airports (my town CVG airport is a prime example) into living quarters!
    Apr 2, 2014. 08:29 AM | 1 Like Like |Link to Comment
  • NYT: NSA used backdoor into Huawei equipment for spying  [View news story]
    I am not defending anything. But it looks like life is a cycle in many respects. Freedom and Hard work brought us the wealth. The same wealth made us complacent both in terns of hard work and defending our freedom. For a while (and to certain extent), we maintained our wealth by passing our problems to the rest of the world (devalue your currency and sell to us for less!) but that is becoming difficult; so we need to move on to extraordinary procedures (!) to see how long we can keep our supremacy! And when we cannot use such tactics on the rest of the world, we will start using them on our population. Then we will have a civil unrest, revolution and back to the cycle.
    Mar 23, 2014. 12:23 PM | 3 Likes Like |Link to Comment
  • Bloomberg: F-35 faces yet more delays due to software issues  [View news story]
    Remote controlled planes: The communication delivered for proper operation could be deciphered and used to self destruct or capture as the Russia's capture of our drones demonstrate!
    Mar 23, 2014. 12:08 PM | 2 Likes Like |Link to Comment
  • More dividend cuts could be in store at Newmont Mining, Citi analyst says  [View news story]
    "dividend payouts for the remaining three quarters of 2014 would decline 83% to $0.075/share from $0.450"
    Like tax hikes, dividend payout reductions are always temporary, I suppose. I bought 1000 at the bottom a month ago and made some good gain to see part of it evaporate today. Cashed in the remaining gain!
    Feb 21, 2014. 06:32 PM | Likes Like |Link to Comment
  • U.S. payrolls up 113K, unemployment rate at 6.6%  [View news story]
    Good, at this rate we will have zero unemployment rate even if the jobs added are dismal. I suppose all of us ultimately will be in the government dole!
    Feb 7, 2014. 08:41 AM | 3 Likes Like |Link to Comment
  • The Beginning Of The End Of The 3D Printing Bubble  [View article]
    I don't know if this has been mentioned by someone else (I did not go through the entire comments). The internet era has ushered in what one may call in virtual corporations where few entrepreneurs, enthusiasts and backers join hands to develop and promote specific products. One action taking place in this 3D is (one I know) http://bit.ly/1fLQRTK
    where one can put their hands on a 3D printer for $500. Look at the history how this has been made (few dreamers using factories in China to produce the parts). In addition to the impact of this project on corporations such as DDD, we can see the emerging trend as more and more engineers and entrepreneurs become comfortable with such a model.
    Feb 6, 2014. 05:04 PM | 2 Likes Like |Link to Comment
  • The 7-Year Cycle That Will Crush Uninformed Investors, Again  [View article]
    The 7 years may not be exact but the ups and down indicate the true cyclic nature of a real free market. But things like sitting on the low interest rate too long, tremendous technology advances, too much USSR style manipulation etc. change that to certain extent and also causing bigger swings. If the market is really periodic and completely predictable, life won't be that interesting, I suppose.
    Feb 3, 2014. 06:33 PM | 3 Likes Like |Link to Comment
  • Stocks fall out of bed after weak factory report, Dow -326  [View news story]
    Perhaps no more QE money to prop up the stocks! The usual 2:00 PM lust for stocks and the accompanying upsurge to wipe out the losses can't be seen.
    Feb 3, 2014. 06:10 PM | 1 Like Like |Link to Comment
  • FOMC tapers, but continues to eye soft inflation data  [View news story]
    Just a 13.33% (10/75) reduction in the speed of our printing press, the guys (and the gals?) in the wall street run to the exit. I wonder how things would be if the printing stops completely (assuming it can)!
    Jan 29, 2014. 02:39 PM | 1 Like Like |Link to Comment