unimpressedpragmatist

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    • Mon Sep 1st 09:26 AM | Rating: 0 0
      Commented on:
      Exxon Shareholders Suffer a Windfall Loss of 13.7%
      I believe a windfall profits tax would be declared unconstitutional. It flies in the face of the basis of a capitalist society and our freedom to do business without onerous government restraints. Businesses are formed to make as much profit as possible. Only gouging should be examined and punished. And, that would result in criminal charges not illegal taxes.

      Of course, if you vote for Democrats (socialists) all bets are off.
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    • Mon Sep 1st 09:18 AM | Rating: 0 0
      Commented on:
      Will Hurricanes Push Gas to C$1.75 a Liter?
      As with Katrina, any oil shortages resulting from the shutdown of oil producers will be very short term. Any increase in oil prices will be the result of panic and manipulation by speculators. Don't buy into their self-serving rhetoric and manipulative speculating. Use the power of yours purse to curb their abuse of a short-term condition. Drive less and buy less and burn their greedy fat fingers!
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    • Mon Sep 1st 09:10 AM | Rating: 0 0
      Commented on:
      Energy Firms Should Look to U.S. Shale - Barron's
      The debate over oil shale is short sighted. Fossil fuels are a short-term solution to a long-term problem. The demand for energy will escalate as China, India, and other emerging nations improve their way of life. And, as noted, fossil fuels are a very finite source of energy.

      Hydrogen is the answer. Since the entire universe consists of hydrogen, there is little chance, or none, that we will ever run out of it. Therefore, we must put on a full-court press to develop and implement it as our primary source of energy. Additionally, there is no way that business and government can create a believable shortage of it with the result of price gouging.

      If you think of it, with abundant energy at very low prices, government and business take a back seat to the will of the people as their main control over our destiny is removed.

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    • Mon Sep 1st 08:41 AM | Rating: 0 0
      Commented on:
      Which Improves First - The Stock Market or the Economy?
      The market will continue to seesaw as long as the price of oil remains at its present highs. The economy will be stagnant or depressed under the same conditions.

      If the electorate wakes up to the fact that the Democrats in Congress, or anywhere else, are incompetent and totally clueless and sends them home in November, things will change, quickly. Under a Republican majority with a Republican President, Drill Here, Drill Now will be enacted and oil prices will plunge. The market and the economy, in tandem, will take off.

      However, if the voters cling to outmoded ideology, ignore reality, and retain the clowns, the market will plunge to record lows and the economy will slip into depression, not recession.
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    • Mon Sep 1st 08:30 AM | Rating: 0 0
      Commented on:
      Will the Fed Actually Raise Rates Next Week?
      Big deal! I can get better yields at my local bank with a 4 to 7 month CD.
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    • Mon Aug 25th 12:54 PM | Rating: 0 0
      Commented on:
      Two Ethanol Plays: Pros and Cons
      The alternate energy program is the biggest government sponsored scam of the twenty-first century. There isn't enough corn in the world to cover the demand for food and fuel; and, there never will be!

      Nancy Pelosi, the dimwit from fruit and nuts land, a.k.a. San Francisco, is a leading example of the chicanery being practiced by government officials in their quest to deceive the American people into supporting schemes that will contribute to the politicians' plans for wealth. She has, surreptitiously, invested about $150,000 in T. Boone Pickens latest proposition to have the taxpayers underwrite his dubious plan to push alternate energy proposals. He has asked California taxpayers to grant him a $10 billion bond to get his program moving with no guarantees that the investment will make any difference in the struggle to achieve energy independence. Of course, Pickens and Pelosi will come out winners while the taxpayers get screwed, again.

      Oh yes, Pelosi’s investment is, definitely, a conflict of interest. Alternate energy is a government-sponsored program and the Speaker has a very real influence on the content and funding of this legislation. Will she be punished? Very doubtful.

      However, back to the original premise of the future and worth of alternate energy and ethanol. The American people, over 70% of them, are demanding the implementation of the Republican proposal to Drill Here, Drill Now, Pay Less. They will not tolerate the Democrat weaseling and procrastination on this very important issue. Already, the Dems (Dims) are awaking to the fact that it is an election year and the electorate is mad as hell and won’t take it any more. Of course, the Dem proposals on energy independence are worthless and time consuming and will go nowhere. Look for a big movement to oust them in November.

      The Republicans aren’t much better but, at least, they have a workable and worthwhile program to achieve energy independence before we pursue alternate energy as a final solution.
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    • Sat Aug 23rd 15:06 PM | Rating: 0 0
      Commented on:
      Three Charts To Ponder: Oil Services, Oil, and the Pound
      Charts, smartz! The only thing to consider is reality in the present. If the Dems get their hats handed to them in November, as they should, after two years of screwing up the economy and using blather and mindlessness as their tools, the Repubs must show they are, truly, dedicated to establishing energy independence for the nation by implementing their promise of Drilling Here, Drilling Now, and Paying Less. Then, oil prices will plunge below $70, as low as $50(?), and the chartists will have cornered the market on toilet paper.

      If there is any intelligence in the electorate, so shall it be. If not, there is no hope for this nation. But never fear, the chartists will show us the way to oblivion.
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    • Sat Aug 23rd 14:51 PM | Rating: 0 0
      Commented on:
      Dynamite Drug Stock - Cramer's Lightning Round (8/21/08)
      When Cramer left Kudlow to start his own show, I watched, every day. Then, I made the biggest investment mistake I had made in a very long time by taking his advice on a few stocks. After that disaster, I have not watched or paid any attention to him, follow my own advice, and am making money.

      My observation: the random selecting monkey does better than Cramer. Jim is, in my opinion, another carnival tote for Wall Street, a huckster for his books and newsletter, and a born clown. Caveat Emptor should be superimposed over his TV program.

      I do wonder what his Nielsen rating is. But, on CNBC, as well as MSNBC and NBC it doesn’t matter. GIGO is their motto.
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    • Thu Aug 21st 13:49 PM | Rating: 0 0
      Commented on:
      Core Inflation Is Low and Stable
      Core inflation is a device invented by politicians to fool their constituents into believing that everything is under control, even as the ship of state is taking on water and sinking. How, in God's name, can anyone take, seriously, any analysis of inflation that ignores energy and food prices? Only, an economist and a politician could embrace such nonsense.
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    • Thu Aug 21st 13:43 PM | Rating: 0 0
      Commented on:
      Is the 'Commodity Super Cycle' Dead or Alive?
      God deliver us from chartists! They bring truth to the adage "that figures don't lie but liars sure can figure". Speculation is the heart and soul of the markets. Super speculators have always been active and will always be active. I suggest the chartists pack up their drawing tools and get a real job. We have all the bullcrap we need coming out of Washington and the various state capitals.
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    • Thu Aug 21st 13:37 PM | Rating: 0 0
      Commented on:
      Support for Crude at $111?
      While you are busily constructing your charts, reality is marching on. As noted by sharksm in the comments, charting is useless in energy markets. They move too, quickly, to be plotted in the real time framework in which they exist.

      Incidentally, did you notice that oil went over $121, today? Speculators have played out their shorts strategy, taken more egregious profits, and are, now, driving up prices, again. Meanwhile the stupid Democrats in the Congress, led by the dimwit from San Francisco are taking their full 5 week vacations as if nothing is wrong, anywhere, in the world.

      If the electorate re-elects these yo-yos in November, they get, exactly, what they deserve. The Repubs are not much better but, at least, they recognize that Drill Here, Drill Now is the only viable solution to the energy crisis.
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    • Mon Aug 18th 14:56 PM | Rating: 0 0
      Commented on:
      The Bottom Is In. Oh, No It’s Not
      It doesn't take a Wall Street analyst to determine that the market will not bottom until oil drops, dramatically, below its present highs and the financial industry stabilizes. Don't look for the former as long as the Socialist Democrats dominate the Congress and continue their stupid adherence to global warming myths, environmental wackiness, lack of business acumen, and supporting a totally incompetent leadership.

      As to the financial industry, as long as the government continues to bail out their egregious greedy schemes and blundering, it will never stabilize. A, really, equitable solution that would result in eventual stabilization would be the criminalization of the actions that got this industry into its present situation. A few CEO's of major financial institutions being put in prison would go a long way to put a stop to their criminal activity. I won't hold my breath.
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    • Thu Aug 14th 15:41 PM | Rating: 0 0
      Commented on:
      Obama's Tax Plan - And Basic Honesty
      A basic tenet in economics 101 is taxes decrease available discretionary income and slow the economy. Tax repeals increase spending and stimulate the economy.

      Along with this is an adage from PolySci that heavy taxation is a staple of Marxist/Socialist government while low taxes are the underlying strength of a Democratic/Capitalist society. Obamanation is a Marxist Big Government advocate and his rhetoric and planning prove it. Whether or not he gets to implement his dream of socialism and ruination for this country is up to the electorate. And, a handful of extreme leftists with their prevarications and spin will have little to nothing to do with the voters' decisions and actions. But, they will keep on trying and crying.
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    • Thu Aug 14th 15:22 PM | Rating: 0 0
      Commented on:
      Will the Fed Actually Raise Rates Next Week?
      This article is a case study in proving the old adage: "If you cant' dazzle them with rhetoric, baffle them with Bull....".

      There is one, and only one, underlying cause for the malaise that is pervading the economy, today, and it is the outrageous price of oil and the egregious greed that is driving it. When, not if, the Republicans in the Congress force the issue to a vote on their Drill Here, Drill Now, Pay Less program the cost of oil will plummet below $70 and all will be well, once more.

      As to the Democrat nonsense of 10 years before oil starts to flow, this is more Bull...! Those companies in the business of erecting oil drilling platforms over water and drilling are promising that oil will flow from coastal waters within 12 months or less. The ANWR will take, about three ears before oil flows. And, with the abundance of such oil on the market, American energy independence will become reality and all the associated cost will stabilize at reasonable and affordable levels for, at least 50 to 100 years.

      With that much breathing room, nuclear power plants will be built, coal technology will be utilized, and hydrogen power will come on line. As an added bonus, Iran will lose its clout as a terrorist nation and will collapse. With Iran, will go the terrorists who depend on it for funding. They, too, will fade into history.

      This is a scenario that does not require charts and rhetoric to dazzle and baffle. It stands on logic and a readily apparent conclusion. Analysts with a living to make will never accept it.
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    • Wed Aug 6th 09:17 AM | Rating: 0 0
      Commented on:
      Careening Towards a Financial Crisis?
      Politicians are corrupt! Politicians are ignorant, incompetent, often stupid, and always self-interested. They are not the brightest bulbs in the package or they would not have gone into politics. The really sharp and successfully inclined enter the private sector or science. The lowest achievers enter politics. So, what do you expect will happen? You got it - disaster!
      View article »
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