Jimbo

113 Comments

    • ON: Sun Oct 12th 12:54 PM
      Commented on:
      Oil Industry: Farewell, Good Old Days
      I concur completely with Sponger. We are totally dependent on hydrocarbon fuels in the years ahead. Alternatives, such as electricity, hydrogen, or bio-fuels, have infrastructure and technical problems to be overcome. You can include political problems as well.
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    • ON: Sun Oct 12th 12:33 PM
      Commented on:
      How Is Inflation Related to CPI?
      I gather that Mr. Katz is implying some form of deflation although he has not used the word. My fear is that we are looking at a form of stagflation. Prices for many goods and services may decline but people may not be able to afford them and state,local, and federal taxes rise to pay for the killer debt.
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    • ON: Fri Oct 10th 20:11 PM
      Commented on:
      Historic Post-Crash Market Returns: How Will This Crash Fare?
      Jake: did your calculations include dividends? I have read elsewhere that when the market bottomed in 1932, dividend paying stocks were yielding 8 to 9%, considering the deflation at the time, that dividend return would have been awesome.
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    • ON: Fri Oct 10th 20:01 PM
      Commented on:
      It's Too Late To Sell Stocks, Just Wait
      advice for Enrico: Never put grocery money in the market. Never trade on margin. Cash only!
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    • ON: Thu Oct 9th 09:58 AM
      Commented on:
      Money Market Cash Levels: Signals of a Market Bottom?
      I sure hope you are correct !!
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    • ON: Sun Oct 5th 13:05 PM
      Commented on:
      Credit Crisis Sharpens Anger Over CEO Pay
      I understand the CEO of Merrill-Lynch walked with a 150 million dollar settlement when they went broke. I also understand that something like 9,600 employees of Merrill were out of a job. Perhaps that great champion of the downtrodden, Senator John Edwards, will file a pro bono class action law suit against Mr. McNeil in behalf of all those former Merrill employees. Sadly, the whole damn culture is rancid. But don't worry, Archbishop Rowan Williams will bring us Sharia and we shall have justice at last!
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    • ON: Sun Oct 5th 12:05 PM
      Commented on:
      America's Real Wealth
      Old saying: be careful what you pray for, you might get it. I concede to Mr. Ferguson that OBAMA! looks like he will be elected. But, if you liked Jimmy Carter, you will LOVE OBAMA!
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    • ON: Sat Oct 4th 11:07 AM
      Commented on:
      What the Hedge Funds' Bad September Could Mean for Markets
      This post is certainly consistent with my take on naked shorting. It seems to me if you sell something you don't own, you re committing FRAUD. I have read that some of these short sales are more than 200 days overdue for settlement. If true, this is PIRACY! I am going to e-mail Porter Stansberry and tell him to read this post, since he is such a big fan of all kinds of shorting.
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    • ON: Wed Oct 1st 11:49 AM
      Commented on:
      Sarah Palin's Stock Portfolio
      The virulence of Palin detractors suggests they fear her greatly. No matter the outcome of the pending election, she may be a force to be reckoned with in the future. I suppose if she had five abortions instead of five live children, this would have made her more acceptable to the elite.
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    • ON: Tue Sep 30th 23:33 PM
      Commented on:
      Shopping During Armageddon
      Margaret Kane: I hope your investing is better than your counting. 95 Democrats voted against the bill and 65 Republicans voted for it. Nancy Pelosi is politically tone deaf. She flat out insulted Republicans and then was sullen when not enough of them overcame opposition in her Own party. BTW, Chris Dodd,Barney Frank,Jimmy Carter, and Bill Clinton all have DEEP culpability for for this whole mortgage fiasco. Frank and Dodd both fought off Bush when he tried to rein in Fannie and Freddie when they were headed for the precipice back in 2003.
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    • ON: Mon Sep 29th 12:04 PM
      Commented on:
      Wall Street Bailout: Congressional Cover-Up, or Sarbanes-Oxley?
      The culpability of several incumbent members of Congress for this mess is immense. These same jackasses are now piously bloviating about their patriotic deeds.
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    • ON: Mon Sep 29th 11:55 AM
      Commented on:
      The Next President Will Be Trapped by History
      If you liked President Jimmy Carter, you're going to LOVE President Obama!
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    • ON: Sun Sep 28th 10:56 AM
      Commented on:
      Is This a Permanent or Temporary Loss of Capital?
      I concur with the author's opinion and conclusion. My wife and I own only one bank( a small regional one). My philosophy is to pay most attention to the stock, not the stock market. If the fundamentals of a stock are sound, don't cut and run. Even conservative investments such as electric utilities seem to have a certain amount of "hot" money which moves in or out on the first hint of any kind. This seems to me to be plain stupid. I do think JCC is correct. I remember thinking when Glass-Steagall was repealed that it was a big mistake. Phil Gramm may be culpable for this situation. The market seems to develop Alzheimer's after so many years.
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    • ON: Sat Sep 27th 11:27 AM
      Commented on:
      The Secret Villain Behind Our Economic Collapse
      LCACM: I am no big fan of George Bush but his GPA at Yale was actually slightly higher than that of John Kerry. It is my opinion that all too often in these elections we have to chose between the lesser of evils. I suggest we abolish the Federal Reserve, which only protects the banks, which own it (Milton Freidman proposed as much years ago). Then, we create a law making it a criminal offense for any former member of Congress to lobby Congress. Then( this make take a constitutional amendment since I don't think Congress would do it) we limit terms in any house of Congress to 12 years.
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    • ON: Sat Sep 27th 11:08 AM
      Commented on:
      Wall Street, 1792 - 2008?
      We desperately need term limits on Congress and a law making it a criminal offense for any former member of Congress to lobby Congress. Both political parties have been massively corrupted by the process. These bastards don't represent the people, they represent themselves!!!
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