pochovilla's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/129347/comments http://seekingalpha.com/article/101857-counting-chickens-how-much-is-the-market-already-pricing-in-a-fed-funds-rate-cut?source=feed#comment-290305 290305 Sat, 25 Oct 2008 13:08:43 -0400 http://seekingalpha.com/article/100218-with-great-values-now-in-the-markets-the-glass-is-half-full?source=feed#comment-283699 283699 Thu, 16 Oct 2008 11:42:15 -0400 http://seekingalpha.com/article/99681-bernanke-and-paulson-butting-heads?source=feed#comment-281216 281216 Mon, 13 Oct 2008 09:58:38 -0400 http://seekingalpha.com/article/99402-reading-the-s-p-500-s-crashing-waves?source=feed#comment-279658 279658 Sat, 11 Oct 2008 05:11:43 -0400 http://seekingalpha.com/article/98887-tarp-alternative-acronyms-edition?source=feed#comment-276514 276514
IN THE BEGINNING WAS THE PLAN
AND THEN CAME THE ASSUMPTIONS
AND THE ASSUMPTIONS WERE WITHOUT FORM
AND THE PLAN WAS COMPLETELY WITHOUT SUBSTANCE
AND THE DARKNESS WAS UPON THE FACE OF THE WORKERS
AND THEY SPOKE AMONGST THEMSELVES, SAYING
“IT IS A CROCK OF SHIT, AND IT STINKETH”,
AND THE WORKERS WENT UNTO THEIR SUPERVISORS AND SAYETH
“IT IS A PAIL OF DUNG AND NONE MAY ABIDE THE ODOR THEREOF”
AND THE SUPERVISORS WENT UNTO THE MANAGERS AND SAYETH UNTO THEM,
“IT IS A CONTAINER OF EXCREMENT AND IT IS VERY STRONG,
SUCH THAT NONE MAY ABIDE BY IT.
AND THE MANAGERS WENT UNTO THEIR DIRECTORS AND SAYETH
“IT IS A VESSEL OF FERTILIZER, AND NONE MAY ABIDE ITS STRENGTH”
AND THE DIRECTORS SPOKE AMONGST THEMSELVES, SAYING TO ONE TO ANOTHER,
“IT CONTAINS THAT WHICH AIDS PLANT GROWTH, AND IT IS VERY STRONG”.
AND THE DIRECTORS WENT UNTO THE VICE PRESIDENTS AND SAYETH UNTO THEM,
“IT PROMOTES GROWTH AND IS VERY POWERFUL”.
AND THE VICE PRESIDENTS, WENT UNTO THE PRESIDENT AND SAYETH UNTO HIM,
“THIS NEW PLAN WILL ACTIVELY PROMOTE THE GROWTH AND EFFICIENCY OF THIS COMPANY, AND THESE AREAS IN PARTICULAR”,
AND THE PRESIDENT LOOKED UPON THE PLAN,
AND SAW IT WAS GOOD, AND THE PLAN BECAME POLICY.
“THIS IS HOW SHIT HAPPENS”!



]]> Wed, 08 Oct 2008 03:28:31 -0400
IN THE BEGINNING WAS THE PLAN
AND THEN CAME THE ASSUMPTIONS
AND THE ASSUMPTIONS WERE WITHOUT FORM
AND THE PLAN WAS COMPLETELY WITHOUT SUBSTANCE
AND THE DARKNESS WAS UPON THE FACE OF THE WORKERS
AND THEY SPOKE AMONGST THEMSELVES, SAYING
“IT IS A CROCK OF SHIT, AND IT STINKETH”,
AND THE WORKERS WENT UNTO THEIR SUPERVISORS AND SAYETH
“IT IS A PAIL OF DUNG AND NONE MAY ABIDE THE ODOR THEREOF”
AND THE SUPERVISORS WENT UNTO THE MANAGERS AND SAYETH UNTO THEM,
“IT IS A CONTAINER OF EXCREMENT AND IT IS VERY STRONG,
SUCH THAT NONE MAY ABIDE BY IT.
AND THE MANAGERS WENT UNTO THEIR DIRECTORS AND SAYETH
“IT IS A VESSEL OF FERTILIZER, AND NONE MAY ABIDE ITS STRENGTH”
AND THE DIRECTORS SPOKE AMONGST THEMSELVES, SAYING TO ONE TO ANOTHER,
“IT CONTAINS THAT WHICH AIDS PLANT GROWTH, AND IT IS VERY STRONG”.
AND THE DIRECTORS WENT UNTO THE VICE PRESIDENTS AND SAYETH UNTO THEM,
“IT PROMOTES GROWTH AND IS VERY POWERFUL”.
AND THE VICE PRESIDENTS, WENT UNTO THE PRESIDENT AND SAYETH UNTO HIM,
“THIS NEW PLAN WILL ACTIVELY PROMOTE THE GROWTH AND EFFICIENCY OF THIS COMPANY, AND THESE AREAS IN PARTICULAR”,
AND THE PRESIDENT LOOKED UPON THE PLAN,
AND SAW IT WAS GOOD, AND THE PLAN BECAME POLICY.
“THIS IS HOW SHIT HAPPENS”!



]]> http://seekingalpha.com/article/97872-stimulus-tracker-results-are-scary?source=feed#comment-269156 269156 Mon, 29 Sep 2008 22:00:27 -0400 http://seekingalpha.com/article/97727-are-we-on-the-verge-of-a-rally?source=feed#comment-268193 268193 Veni summarized it quite well.]]> Mon, 29 Sep 2008 04:55:15 -0400 Veni summarized it quite well.]]> http://seekingalpha.com/article/97737-gdi-vs-gdp-which-one-s-a-better-recession-indicator?source=feed#comment-268189 268189 Mon, 29 Sep 2008 04:39:21 -0400 http://seekingalpha.com/article/97728-there-s-no-happy-ending-to-this-bailout?source=feed#comment-268182 268182 Tears?]]> Mon, 29 Sep 2008 04:30:48 -0400 Tears?]]> http://seekingalpha.com/article/97666-bailout-should-be-a-windfall-for-taxpayers-barron-s?source=feed#comment-267427 267427 Fall = Descend from a higher position

I agree with the author who may not be a proxy from the Barron's I used to know. The taxpayers will be brought to their knees, if not placed flat on their back, from all of the hot air coming out of Washington.

The RTC lost $124B based on a white paper recently published by FDIC analysts. The fact that the loss was not $350B is not comforting. In the RTC case the government owned the underlying assets. Simple math. A+B=C

Do the math. This is equivalent to asking someone incapable of balancing a checkbook to understand "partial differential equations". Check wikipedia. There are too many variables in this calculation period. More disconcerting is the assumptions of this complex mathematical formula are being provided by legislators (Politicians). It is no wonder Ben Bernanke does not want to play in this game. He has his hands full already and is prone to fumble if he has to carry the ball on every play.

It's not even "fuzzy" math or "Bushy" math. It's "wiki-wiki" math.

Until housing affordability comes in line with the real number for most Americans, the underlying mortgage cesspools will continue to stink.]]> Sun, 28 Sep 2008 10:43:41 -0400 Fall = Descend from a higher position

I agree with the author who may not be a proxy from the Barron's I used to know. The taxpayers will be brought to their knees, if not placed flat on their back, from all of the hot air coming out of Washington.

The RTC lost $124B based on a white paper recently published by FDIC analysts. The fact that the loss was not $350B is not comforting. In the RTC case the government owned the underlying assets. Simple math. A+B=C

Do the math. This is equivalent to asking someone incapable of balancing a checkbook to understand "partial differential equations". Check wikipedia. There are too many variables in this calculation period. More disconcerting is the assumptions of this complex mathematical formula are being provided by legislators (Politicians). It is no wonder Ben Bernanke does not want to play in this game. He has his hands full already and is prone to fumble if he has to carry the ball on every play.

It's not even "fuzzy" math or "Bushy" math. It's "wiki-wiki" math.

Until housing affordability comes in line with the real number for most Americans, the underlying mortgage cesspools will continue to stink.]]> http://seekingalpha.com/article/97596-mccain-s-economics?source=feed#comment-267089 267089 John McCain does not need to be an expert on the economy; He has Phil Graham, Larry Kudlow and Mark Perry plus over 500 experts in the House and Senate.]]> Sat, 27 Sep 2008 19:05:37 -0400 John McCain does not need to be an expert on the economy; He has Phil Graham, Larry Kudlow and Mark Perry plus over 500 experts in the House and Senate.]]> http://seekingalpha.com/article/97523-housing-excess-looks-good-but-not-that-good?source=feed#comment-266830 266830 The consumer needs to have control of debt to income, not just principal, interest, taxes and insurance. Car loans, credit cards and utility costs are "virtual (real) debt" that needs to be a factor in the housing affordability calculation. Maybe the range of 2.5-3 X income with 20% down should be the new calculus for buyers as few jobs are providing annual income increases over inflation.]]> Sat, 27 Sep 2008 11:32:31 -0400 The consumer needs to have control of debt to income, not just principal, interest, taxes and insurance. Car loans, credit cards and utility costs are "virtual (real) debt" that needs to be a factor in the housing affordability calculation. Maybe the range of 2.5-3 X income with 20% down should be the new calculus for buyers as few jobs are providing annual income increases over inflation.]]> http://seekingalpha.com/article/97517-on-board-the-u-s-s-titanic?source=feed#comment-265683 265683 The Titanic analogy was near perfect.
The situations that you describe are based on Common Sense and Truth. Combined with Integrity, these are three characteristics lacking in most Politicians and the self interest crowd.
America is about to go a massive expensive diet.]]> Fri, 26 Sep 2008 08:12:04 -0400 The Titanic analogy was near perfect.
The situations that you describe are based on Common Sense and Truth. Combined with Integrity, these are three characteristics lacking in most Politicians and the self interest crowd.
America is about to go a massive expensive diet.]]> http://seekingalpha.com/article/97350-sec-triggers-prison-construction-boom?source=feed#comment-264753 264753 Thu, 25 Sep 2008 10:39:05 -0400 http://seekingalpha.com/article/97358-what-s-wrong-with-the-trickle-down-bailout?source=feed#comment-264736 264736 Thu, 25 Sep 2008 10:25:35 -0400 http://seekingalpha.com/article/97341-bush-s-speech-surprisingly-coherent?source=feed#comment-264596 264596 Very well written and excellent delivery. ]]> Thu, 25 Sep 2008 08:47:10 -0400 Very well written and excellent delivery. ]]> http://seekingalpha.com/article/97280-what-credit-crunch?source=feed#comment-264475 264475 Thu, 25 Sep 2008 05:54:11 -0400 http://seekingalpha.com/article/97290-again-it-wasn-t-fannie-and-freddie?source=feed#comment-264462 264462 Thu, 25 Sep 2008 05:35:49 -0400 http://seekingalpha.com/article/97306-the-700-billion-disconnect-lost-in-translation?source=feed#comment-264456 264456 Paulson can read his written testimony with conviction. When it comes time to answer questions he is nebulous and does not install confidence. His record of saying one thing and doing something else is well documented. The political pit bulls feast over his flip/flops.]]> Thu, 25 Sep 2008 05:18:32 -0400 Paulson can read his written testimony with conviction. When it comes time to answer questions he is nebulous and does not install confidence. His record of saying one thing and doing something else is well documented. The political pit bulls feast over his flip/flops.]]> http://seekingalpha.com/article/97040-the-unfortunate-state-of-the-current-housing-market?source=feed#comment-263230 263230 1. Recent transactional value of home prices relative to GDP
2. Ratio of rental income to home prices
3. Housing / rental affordability based on income and "wisdom factors"?

Housing prices are destined to fall and will probably remain flat for many years with few exceptions.]]> Wed, 24 Sep 2008 06:50:31 -0400 1. Recent transactional value of home prices relative to GDP
2. Ratio of rental income to home prices
3. Housing / rental affordability based on income and "wisdom factors"?

Housing prices are destined to fall and will probably remain flat for many years with few exceptions.]]> http://seekingalpha.com/article/96799-bank-of-america-paulson-plan-benefits-mostly-goldman-morgan?source=feed#comment-262893 262893 I am starting to worry about you. First, I haven't seen a disertation on deflation in a long time. I know you are stressed by King Henry. Soooo take a breath and check out Barry's Blog
bigpicture.typepad.com.../
There is no TARP, it's all about SHIT (Securitized Hybrid Investment Trust Bailout Plan)]]> Tue, 23 Sep 2008 17:11:57 -0400 I am starting to worry about you. First, I haven't seen a disertation on deflation in a long time. I know you are stressed by King Henry. Soooo take a breath and check out Barry's Blog
bigpicture.typepad.com.../
There is no TARP, it's all about SHIT (Securitized Hybrid Investment Trust Bailout Plan)]]> http://seekingalpha.com/article/96810-not-a-single-canadian-bank-failed-during-the-great-depression?source=feed#comment-262255 262255 en.wikipedia.org/wiki/...

"Canada was hit hard by the Great Depression. Between 1929 and 1933, the gross national product dropped 40% (compared to 37% in the US). Unemployment reached 27% at the depth of the Depression in 1933. Many businesses closed, as corporate profits of $396 million in 1929 turned into losses of $98 million in 1933. Families saw most or all of their assets disappear, and their debts become heavier as prices fell. Canadian exports shrank by 50% from 1929 to 1933. Worst hit were areas dependent on primary industries such as farming, mining and logging, as prices fell and there were few alternative jobs."

An inquiring mind would ask? Is it possible to stop a rolling snowball by standing in front of it at the bottom of the hill?
]]> Tue, 23 Sep 2008 08:05:24 -0400 en.wikipedia.org/wiki/...

"Canada was hit hard by the Great Depression. Between 1929 and 1933, the gross national product dropped 40% (compared to 37% in the US). Unemployment reached 27% at the depth of the Depression in 1933. Many businesses closed, as corporate profits of $396 million in 1929 turned into losses of $98 million in 1933. Families saw most or all of their assets disappear, and their debts become heavier as prices fell. Canadian exports shrank by 50% from 1929 to 1933. Worst hit were areas dependent on primary industries such as farming, mining and logging, as prices fell and there were few alternative jobs."

An inquiring mind would ask? Is it possible to stop a rolling snowball by standing in front of it at the bottom of the hill?
]]> http://seekingalpha.com/article/96872-peak-oil-pundit-predicts-rally-to-500-a-barrel?source=feed#comment-262220 262220 Tue, 23 Sep 2008 06:51:30 -0400 http://seekingalpha.com/article/96603-u-s-household-net-worth-is-up-by-43-since-2002?source=feed#comment-261169 261169 "Household Net Worth Down $2 Trillion In a Year;
Still Up $14 Trillion Since 2002
There's a lot of hang-wringing today that household net worth is down $2 trillion in the past year.

What you might not see is that household net worth is still up $14 trillion (over 33 percent) since 2002. So, keep it in perspective."

I'll just let the SA bloggers that follow to comment.

]]> Mon, 22 Sep 2008 07:18:35 -0400 "Household Net Worth Down $2 Trillion In a Year;
Still Up $14 Trillion Since 2002
There's a lot of hang-wringing today that household net worth is down $2 trillion in the past year.

What you might not see is that household net worth is still up $14 trillion (over 33 percent) since 2002. So, keep it in perspective."

I'll just let the SA bloggers that follow to comment.

]]> http://seekingalpha.com/article/96603-u-s-household-net-worth-is-up-by-43-since-2002?source=feed#comment-261166 261166 "Household Net Worth Down $2 Trillion In a Year;
Still Up $14 Trillion Since 2002
There's a lot of hang-wringing today that household net worth is down $2 trillion in the past year.

What you might not see is that household net worth is still up $14 trillion (over 33 percent) since 2002. So, keep it in perspective."

I'll leave the comments to SA bloggers to follow.
]]> Mon, 22 Sep 2008 07:15:10 -0400 "Household Net Worth Down $2 Trillion In a Year;
Still Up $14 Trillion Since 2002
There's a lot of hang-wringing today that household net worth is down $2 trillion in the past year.

What you might not see is that household net worth is still up $14 trillion (over 33 percent) since 2002. So, keep it in perspective."

I'll leave the comments to SA bloggers to follow.
]]> http://seekingalpha.com/article/96510-read-it-and-weep-for-the-usa?source=feed#comment-260924 260924
The original RTC lost $124B of taxpayer money according to FDIC analysts. The legal battles continue from the original RTC actions.
If this is RTC ll watch out!

$700B is only a starting point. Fixing this problem by the government is analogoius to having a high schooll electronics class take over the operations of the AT&T voice and data network that is constructed with sound engineering. The financial network is as complex but was constructed with financial "engineering" (alchemy) and has mine fields at important cross sections. ]]> Sun, 21 Sep 2008 19:09:44 -0400
The original RTC lost $124B of taxpayer money according to FDIC analysts. The legal battles continue from the original RTC actions.
If this is RTC ll watch out!

$700B is only a starting point. Fixing this problem by the government is analogoius to having a high schooll electronics class take over the operations of the AT&T voice and data network that is constructed with sound engineering. The financial network is as complex but was constructed with financial "engineering" (alchemy) and has mine fields at important cross sections. ]]> http://seekingalpha.com/article/96373-so-much-for-that-ebay-looks-to-sell-stumbleupon?source=feed#comment-259156 259156 Fri, 19 Sep 2008 12:17:36 -0400 http://seekingalpha.com/article/96364-no-happy-endings-in-the-credit-crisis?source=feed#comment-258968 258968 Fri, 19 Sep 2008 10:30:25 -0400 http://seekingalpha.com/article/93309-real-disposable-income-up-by-11-4-in-q2?source=feed#comment-257962 257962 In fact the author is correct in what the BEA reported. However, those gains were "disposed" on food and gasoline rather quickly. Analogous to this is a headline "Hurricane Ike Brings rainfall totals in Texas to normal for the year.
]]> Thu, 18 Sep 2008 10:56:15 -0400 In fact the author is correct in what the BEA reported. However, those gains were "disposed" on food and gasoline rather quickly. Analogous to this is a headline "Hurricane Ike Brings rainfall totals in Texas to normal for the year.
]]> http://seekingalpha.com/article/95958-don-t-worry-the-banking-system-is-sound?source=feed#comment-257092 257092 Suppose sound is an acronym for Sucking Out "Ur" New Dollars]]> Wed, 17 Sep 2008 12:28:22 -0400 Suppose sound is an acronym for Sucking Out "Ur" New Dollars]]>