Philly Jim

Total Rating:
+2 / -5

115 Comments

    • Thu Oct 23rd 05:27 AM | Rating: 0 0
      Commented on:
      Sovereign Default Outlook Causes Panic in CDS Market
      Short the entire emerging economy - it's going black, forget about red. Take a look at the lifeblood of these economies, the indexes like Baltic Dry, etc.. The middle eastern economies are not going to be immune, they are betting on a strong consumer in the emerging markets but they have totally destroyed the demand for their oil in these emerging markets - the Western economies are just about the only ones who are not off oil burning cars yet and will be before 2020 which means disaster for those dependent on an oil economy.
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    • Tue Oct 21st 23:29 PM | Rating: 0 0
      Commented on:
      Should You Own Gold, Silver or Commodity Stocks?
      I believe the equilibrium for gold prices to be in the range of 780-820 an ounce before demand destruction kicks, same as oil above 110. The thing is though, we also see production destruction now when gold falls below 800 no matter the cost of fuel. Everything seems to be too volatile to invest in right now, this market is disgusting. The only ones that seem to be winning are those closely connected to Bush.
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    • Mon Oct 20th 01:28 AM | Rating: 0 0
      Commented on:
      Why Are Investors Returning to the Dollar?
      Stay cash until Jan '09. Major changes in policies are coming that are going to be very beneficial to U.S. based companies(manufacturer... Were getting a properly educated leader in the Whitehouse with big ideas for upgrading America, a leader who can actually think for himself and keep us the highly competitive nation we once were before the special interests took over.
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    • Fri Oct 17th 15:42 PM | Rating: 0 0
      Commented on:
      Gold, Silver and Deflation
      Gold reminds me of GE's stock. Silver is just a loser, don't know why I got in at 13, ugh. Gold is becoming like a fad that is getting old. I feel like the value has been taken away from it being a safe haven knowing that everyone in every corner of the globe can now buy it pretty much 24/7 with no apparent shortage of the actual product, only packaging. Boring!
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    • Tue Oct 14th 02:31 AM | Rating: 0 0
      Commented on:
      Are More Big Falls Ahead?
      We are in a new dimension, the digital money dimension. There is so much money in the world right now and it's all digital! The world can't continue like this, more consolidation of financial institutions and even currencies need to take place and eventually, the world will have very few currencies and eventually a single global currency.
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    • Tue Oct 14th 02:23 AM | Rating: 0 0
      Commented on:
      The End of the BRIC Trade
      But I was just becoming facinated with the chlid death squads of Brazil, organized crime of Russia, filthy streets of India, and totalitarian style of China. What a shame, guess I'll have to sell and park my money back in the good ol' USA.
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    • Sat Oct 11th 22:44 PM | Rating: 0 0
      Commented on:
      Gold Prices Keep Getting Fishier
      1999 was a great year in that everyone thought the world was gonna end if computers weren't upgraded so the entire world went on a spending binge for gold, capital goods for companies, etc... What did we see? A boom in jobs, manufacturing, huge surplus, etc... What does this tell us? Capital investments create jobs and surpluses.
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    • Sat Oct 11th 22:12 PM | Rating: 0 0
      Commented on:
      Is Gold A Sucker's Bet?
      The only reason gold took a dive last week was because of all the hedge funds trying to raise funds to cover their asses as those loans came callin.
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    • Sat Oct 11th 14:43 PM | Rating: 0 0
      Commented on:
      Where We Go from Here: Best and Worst Cases
      One word describes what is happening. C O N S O L I D A T I O N - what was J.P. Morgan famous for? Times have changed and unfortunately, this was needed for the West to survive.
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    • Sat Oct 11th 14:36 PM | Rating: 0 0
      Commented on:
      Media Meltdown Is Even Worse Than Markets
      New medi(ums). The internet is relatively new and has only recently become the new choice/medium for new generations to get their entertainment, news, and communicate with one another through. The "media" giants of the past are just that, giants of the past. The evolution of media will be boutique and once the new government gets in and liberalizes the airwaves and opens-up the doors of competition, we will see a slew of small start-up venues catering to specific class genres in society, e.g. hipsters, hiphop, old foggies, techies, etc... Advertising will be very centric rather than simply eccentric. Unless of course the genius of the Bush admin steps in to bail them out too. What the hell ever happened to the free market capitalism modo of the republican party? Failures are failures and should be left to the wind while new companies form off new ideas for new generations. The problem with the companies of older generations is that they are all being run by older people who are out-of-touch with the needs of young consumers. The perfect example would be Rick Wagoner of GM.
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    • Fri Oct 10th 01:16 AM | Rating: 0 0
      Commented on:
      The Year of the Bear
      A banker friend of mine has suggested this entire financial crisis is consolidation of wealth and power in order for the U.S. to stave off a rising superpower we know as China from becoming the world's most powerful financial/military force. I don't want to repeat the entire conversation but basically this is necessary and people in the U.S. and Europe need to hurt financially and stop buying imported stuff for a while. Those who are smart will survive; inverse etf's, gold, currencies, s/t treasuries.
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    • Wed Oct 8th 09:30 AM | Rating: 0 0
      Commented on:
      Economic Indicators Signal a Major Collapse Ahead
      States will need to cut back on all the freebies they give to prisoners and welfare recipients which are currently the two largest costs in state budgets. Also, the Housing and Urban Development bureau will need to cut back significantly on all the millions of rent checks they pick the tab up on if states are to survive this crisis! The old days of ask for more or you will get less are out the window! The Federal government needs to hire armies of accountants and federal agents to investigate fraud and misuse of federal funds immediately.
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    • Wed Oct 8th 00:56 AM | Rating: 0 0
      Commented on:
      Cramer: Dow Could Drop Another 14%, Oil's Going to $50
      My 2 cents: Wasn't Cramer calling for $1,600 gold? Now he says coms are bid too high? If central banks like China, Russia, etc. begin buying gold rather than U.S. treasuries and U.S bank paper -woa, how about $2,600 oz - couple that with another major war(s) if things get really bad and boom, $5k ounce gold. Call me crazy but we may see some real civil unrest(race riots) in the U.S. if things get really bad economically speaking. Hardworking families are going to have time to think about things when they are not employed and can't afford their home, insurance, car, etc..
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    • Mon Oct 6th 09:33 AM | Rating: 0 0
      Commented on:
      Rising Gold and Silver: Essential to Any Investment Strategy
      I would definitely load-up on gold and silver before Obama gets in office and gives even more taxpayer dollars away to the "community".
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    • Mon Oct 6th 01:44 AM | Rating: 0 0
      Commented on:
      Fannie and Freddie Did Not Cause This Crisis
      What's destroying America? Sub-prime & Section 8 housing. Hmmmm, and Obama wants to increase the amount of taxes you pay so the government can continue funding these failed causes that eat our cities alive?
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