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eabyrd

eabyrd
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  • Why 'New York Times' Economist Paul Krugman Is Partly Right But Mostly Wrong [View article]
    Here's the problem with America right here. If you don't agree, you're just stupid and ignorant. Silly peasants... don't you know Krugman knows all? What a crock... no wonder the country is going nowhere.
    May 8 10:41 AM | 2 Likes Like |Link to Comment
  • Gallup: America's Safest Long-Term Investment Is Gold [View article]
    If safety is the concern, I'd say US treasuries...

    And stay forward looking - past performance does not guarantee future results. Before the NASDAQ crashed, people were saying that QQQ was the best investment around. Before the mortgage disaster, people said homes were the best investment. And now, GLD is one of the largest ETFs on the planet, every other commercial on TV is for some gold company trying to buy old jewelery, and people swear that gold is the best investment around. Seems to be getting heavy on that end of the boat...
    May 2 09:27 PM | 2 Likes Like |Link to Comment
  • Gallup: America's Safest Long-Term Investment Is Gold [View article]
    The sheep usually miss the boat...

    Another interesting point... the Dems faith in the real estate market is quite comical, especially considering how they claim to have saved it.
    May 2 03:36 PM | 2 Likes Like |Link to Comment
  • Fed's Losing Deflation And Economic Fight [View article]
    Netbluesky -

    I'm assuming you're using the so-called "Core CPI" (Which is highly misleading, since it omits the two major necessities to life - food and energy. Fed speak is one thing, real life is another.)

    I made absolutely no comment on the stability of the dollar, either. It is, as you have stated, a stable currency. Reserve currency of the world has perks. Of course, all things are relative, too.

    Take a look at .DXY (USD Index) on a 10-year chart. There you'll find a 31% decline (from 115 to current 79 level). That's a third in 10 years. This, of course, is relative to other currencies, but speaks volumes of the value nonetheless.

    Here's a fun link:
    http://bit.ly/vkq0Nl

    Whatever your dollar bought in 1973 would require $5.17 today...

    If you need more proof, ask some old folks how much their first home cost. Or just think back several years ago when gas was less than a $1/gal. A dollar just don't go as far as it used to.

    Finally, if you don't think there's a correlation, please explain why the markets move when Ben assures us the Fed is ready for more easing. The markets took off upon word of the QE programs. (Just during yesterday's press conference the Dow jumped as soon as he said "the Fed is prepared to take additional actions...")

    We can split the pie (the American economy) in to as many small pieces as we wish... but the result is that each piece (the dollar) is worth less. It's really quite simple...
    Apr 26 02:58 PM | 2 Likes Like |Link to Comment
  • Fed's Losing Deflation And Economic Fight [View article]
    Great read! It's sad that people don't connect the dots of higher asset prices (equities and commodities) and the lost value in the underlying currency, the USD. What good is an increase in the stock market if the dollar falls a similar amount in the same time? Six in one hand, half a dozen in the other...
    Apr 25 01:08 PM | 2 Likes Like |Link to Comment
  • Intel Option Trade: Simple But Not Necessarily Comfortable [View article]
    Same here, and do. For those who are in it, perhaps some covered calls.
    Apr 20 06:20 PM | 2 Likes Like |Link to Comment
  • 3 Stocks Under $5 To Consider [View article]
    Sirius and XM merging destroyed the field... no direct competition. Who are the other people in the space? (As in - assets that include satellites in orbit...)
    Apr 20 02:11 PM | 2 Likes Like |Link to Comment
  • Sprint (S -4.4%) responds back to allegations it owes New York more than $300M in unpaid taxes and penalties. "We have collected and paid every penny of sales tax owed to New York." [View news story]
    I'm not blaming workers... I'm blaming power hungry unions that claim they are "for the workers" when in reality, they simply use the workers as pawns in a quest for political domination.
    Apr 19 02:50 PM | 2 Likes Like |Link to Comment
  • Sprint (S -4.4%) responds back to allegations it owes New York more than $300M in unpaid taxes and penalties. "We have collected and paid every penny of sales tax owed to New York." [View news story]
    Good point, Denny. And thanks for the reads! Unions are destroying America!
    Apr 19 12:42 PM | 2 Likes Like |Link to Comment
  • 2 Stocks I Want To See Drop [View article]
    Rocco... You've got me all wrong. I'm fairly new to SA (in fact I'm pretty sure this is the first time I've mentioned SIRI at all). I was making an objective point regarding P. Perhaps since it challenges your investment theme, you weren't too excited to see "SIRI" in it.

    Nonetheless... Isn't the point of "Read. Decide. Invest." to gather as much information as possible?

    I typically enjoy your articles, and this was no different, although as with any opinion, I take it with a grain of salt.

    What's a bit irritating is that how you, the author, have attempted to belittle and blatantly take a cheap shot me, the reader, and then have the audacity to tell me I lack etiquette?

    Get off your high horse!
    Apr 18 02:55 PM | 2 Likes Like |Link to Comment
  • Ireland's central bank chief is set to ask ECB permission to delay a €3.1B payment due this month on a promissory note. The money is to go to Anglo Irish Bank, which can then buy Irish debt which it can then present to the ECB as collateral for funding with which it can then reduce its borrowings from the Irish central bank. We're getting dizzy.  [View news story]
    Geez... I'll say. Accounting tricks. Six in one hand, half a dozen in the other.
    Mar 21 03:14 PM | 2 Likes Like |Link to Comment
  • Update On Gold [View article]
    I'm not necessarily anti-gold, but the long-term gold chart looks like a bubble. I know there will always be buyers, but at these levels, it won't be me!
    Mar 20 11:18 AM | 2 Likes Like |Link to Comment
  • The Market Is Too Negative On Sprint [View article]
    First, while years of bad performance certainly isn't up for debate, the past few quarters have been impressive. Your assessment that they get more in debt every day is misguided, as well. They've actually paid down debt the past couple quarters. Finally, you compare Sprint to Obamacare when the it seems the more accurate would be AT&T, since they're the ones that use backdoor tricks to limit speeds and data usage. :)
    Mar 14 03:02 PM | 2 Likes Like |Link to Comment
  • "Let the fiscal cliff happen and reduce the deficit very substantially as a consequence," quips GOP advisor Bruce Bartlett. The combination of spending cuts and tax hikes will eventually strengthen the economy. Conversely, he says, the Republicans refusal to raise taxes will actually hurt the economy. Baby boomers are due to retire in droves over the next few decades, and government spending has to rise. If we don't raise taxes we'll just have to borrow more from abroad, thereby increasing interest payments on the debt. (video[View news story]
    Sounds like totalitarianism...
    Dec 14 12:50 AM | 1 Like Like |Link to Comment
  • Has Paul Krugman Gone Too Far This Time? [View article]
    I said nothing about climate change, alternative energy, or oil consumption. Of course, I expect nothing less of leftist loons that always try to use fear and guilt as a means to an end.
    Nov 13 12:44 PM | 1 Like Like |Link to Comment
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