Jim Booth

Jim Booth
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  • Amazon's Circus: Good, Bad, And Ugly  [View article]
    Interesting and well written but people making the ratio fit the price brings back bad memories. As I see it we are are in a secular bear Market and when the down turn comes this stock will get smashed. Amazon is a great company for you if your a customer, I wish I could get a plumber who worked on the same margins!
    Jan 31, 2013. 12:14 PM | 1 Like Like |Link to Comment
  • Are Central Banks Financing Governments By Printing Money?  [View article]
    FWS + Leftfield, I am amazed how you state the cause of the crisis was government and government spending and regulation. We are in this mess because markets follow a boom bust cycle unless checks and balances are put in place. I'm a believer in small government and hard money - But not now! The way out is for the government to spend and then, once out of the mess ,cut back government spending but learn the lesson that markets need some regulation.

    You have still not presented any evidence that your proposals will work, only dogma and political rhetoric. Such talk without evidence remains nothing but superstitious and delusional as stated in my original post.
    Oct 1, 2012. 12:31 PM | Likes Like |Link to Comment
  • Are Central Banks Financing Governments By Printing Money?  [View article]
    FWS: You refute none of the points made. With regard to your statements.

    When did spending help - well during the depression when the public works program was launched, Plus, the start of the second world war sent gov spending through the roof and look at the economic boom that followed, and as the author mentions, In Japan in the most recent crisis.

    It might be an ideas for FWS to do some independent reading and not just regurgitate unsubstantiated dogma.
    Oct 1, 2012. 08:27 AM | 3 Likes Like |Link to Comment
  • Are Central Banks Financing Governments By Printing Money?  [View article]
    My god, someone's suggesting something contrary to the superstitional delusions of experts who speak economic dogma without considering all of the available evidence.

    Why not directly finance government deficit spending and stop the process if inflation exceeds 4% and impose some other limits, such as limiting the amount that could be directly monetized. That would provide some comfort to holders of the currency and help prevent a run on the currency.

    The malaise we are in is because of a lack of demand, not supply. Are we to sit idly by until economic capacity is lost to the extent that it comes into line with demand or does it seem wise to ensure that demand is stimulated to meet supply.

    Provided supply does not exceed demand investors and cental bankers are fearing nothing but fear itself.
    Oct 1, 2012. 06:10 AM | 3 Likes Like |Link to Comment
  • 10 Observations As The Week Winds Down  [View article]
    Solid article as usual. I struggle to comprehend the strength of Stirling vs the Dollar with my opinion that the the UK is more like Iceland than any other country bar Japan - and I really struggle to comprehend the strength of the Yen.

    Dollar down and gold, silver and U.S stocks up for the next Quarter.
    Sep 28, 2012. 05:24 PM | 1 Like Like |Link to Comment
  • Price-Sales Ratio Says Amazon Could Have Tremendous Upside Remaining  [View article]
    Personally I think amazons a great company. Great service, free shipping, and wafer thin margins, I wish I could find other companies that build out world class businesses and let people use them virtually for free. Amazons one for the customer not the investor. That said the trends as good as any, and the stock has broken out convincingly so its one to shut your eyes and buy or get out of its way.

    As old man Turkey said in reminisces of a stock operator, 'Its a bull market you know.'
    Sep 25, 2012. 08:47 AM | Likes Like |Link to Comment
  • Sense And Nonsense About Fiscal Stimulus  [View article]
    If we would have taken more notice of the effects of creating a debt mountain during the time when japan was "busting" while the west was"booming" we would not be in such a gigantic mess. To ignore the lessons from the Japanese recovery story would be plain idiotic. Unfortunately so many cannot see the evidence about what should be done because their own political prejudices about the size of government are so strong. As the article rightly points out, this is no ordinary recession and the cheap money available to governments should be used. Surely even the person with the most right wing views must acknowledge that even government output is better than no output. Read Richard koos book or YouTube his name and watch a presentation he gives. Very powerful stuff even to a right-winger like me.
    Aug 23, 2012. 11:17 AM | 3 Likes Like |Link to Comment
  • Yields Say Stocks Are Cheap  [View article]
    Your article equally justifys the hypothisis that stocks are expensive but bonds are very expensive on a histirical valuation basis.
    Jun 1, 2012. 06:52 AM | 2 Likes Like |Link to Comment
  • There (Still) Is No Crisis In Spain, Or Europe  [View article]
    The debt travels from the private sector bad debts to the government balance sheet. Right now a huge amount of debt is in transit. Per capita, the debt will be huge, and spain is uncompetitive and will sink under the weight of all the toxic effluent coming the way of the governments balance sheet. The fits gonna hit the shan, if you know what I mean.

    I'm short Euro banks and basic material companies.
    May 8, 2012. 04:37 AM | 1 Like Like |Link to Comment
  • 6 Reasons Why A Soft Landing In China Matters  [View article]
    People never learn, you can't deflate bubbles, they burst. The property market in china is one big bubble and its bursting. look at the commodity stocks and you will see the effect this is having. A contracting demand on commodities and an increasing supply will cause a collapse in the miners profits. I havn't heard any of the big mining co's announce they are going to rein in capex in a meaningful way so we are still in the early stages of the bubble bursting. China and the emerging markets have a great future but the next two years or so will difficult.

    IMHO this is a commodity lead bull market. The leaders are now firmly in downtrends. There has been a rotation into weaker groups that are now leading the market. A major leg down is coming for commodities and emerging markets. The U.S market will be able to hold up for so long, it may even experience a boom as it remains the only viable economy and stock market in the world, and the funnel effect of a disproportionate amount of equity allocation money flowing into one market, and zero interest rates may cause it to go parabolic again, but eventually it will follow the leading groups down.
    May 4, 2012. 06:47 AM | 2 Likes Like |Link to Comment
  • Democracy Vs. The Euro  [View article]
    Excellent article. Thanks for the posting. Jim
    May 1, 2012. 04:42 AM | Likes Like |Link to Comment
  • The Secrets Of The Spanish Banking System That 99% Of Analysts Fail To Grasp  [View article]
    Very interesting article. The LTRO was a fudge, its the Endgame now for the EU.
    Apr 30, 2012. 08:11 AM | 1 Like Like |Link to Comment
  • Still Cool On Amazon.com  [View article]
    Thanks for the good analysis, company to be renamed Enronzon.
    Apr 27, 2012. 04:16 AM | Likes Like |Link to Comment
  • U.S. Stocks: Divergences Abound  [View article]
    I'm with you that divergences are a major warning sign. The emerging markets are slowing and Europe is stagnant. Commodities as a group look to have topped out and they were the leading group in this bull. It's very true that this is now a very narrow Bull market which has lost its leadership group,and that is increases the risks.
    Apr 25, 2012. 12:36 PM | Likes Like |Link to Comment
  • The Chinese Residential Real Estate Impact On Iron Ore  [View article]
    Great article, very insightful. The mining co's have not really given much negative commentary on China so far, they have formed bases which have failed and trade close to their 200 day ma, which are, in almost all cases sloping down now.

    It looks like we are still in the early stages of the bust part of the boom / bust sequence. If the free market in the West can produce a boom / bust as we saw in 2008, it is likely that a planned centralized economy with massive market distortions will be at least as inefficient, yet investors still think China can do little wrong, which makes me think that shorting the mining co's is a very attractive trade.

    Apr 25, 2012. 05:47 AM | 1 Like Like |Link to Comment