Philly Jim

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115 Comments

    • Fri Sep 12th 04:01 AM | Rating: 0 0
      Commented on:
      Who's Going to Bailout the U.S. Government?
      Not who but what will save the gov...wwiii...wait for the Asian bubble to burst, I think I may add to my gold position while it's down.
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    • Sun Sep 7th 15:57 PM | Rating: 0 0
      Commented on:
      The Great Dollar Pump of 2008: A Doomed Central Bank Intervention
      The economic environment is more attractive in the United States than any other nation and the rest of the world is not doing as well as the media & hedge funds would have you believe. The Germans are the only drivers of EZ economy and they are getting fed up with being a part of the E.U.. As for Asia, you can still buy kids wholesale in throughout the region, women are a commodity and despite their adaptation of the iphone and skyscraper, don't kid yourself, they will never be America - and the financial crisis has barely begun in Asia, they are still selling the idea of credit and when those debts are called in, the ceiling is gonna fall in on that region of the world; the only money supporting them has been burned up by subsidies and speculative smart money investors have figured this out, just check out the outflows - the rest will be stuck on the squat toilet.

      There's no place like home, no place like the U.S.A.. Even the idea of hedging that bet with commodities is subject to extreme volatility. The dollar should fundamentally be inverted to the pound, loonie, aussie, etc... but because they are an allies and we need them to be strong, their currency and economy are allowed to inject with financial steroids every now and then. Stay with the dollar long-term, ride the speculative waves but in the end, you know where it is safest.
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    • Sun Sep 7th 12:50 PM | Rating: 0 0
      Commented on:
      Is Gold Getting Ready to Bounce?
      If anything is decoupling from the dollar, it's metals. The fundamentals are telling us metals are going to be the only reliable investment vehicle in the future and watch as central banks scramble to stockpile more gold in the coming decades as their populations and problems mount and paper and promises become worthless. The dollar should remain the global bull currency until the majority of the nation becomes welfare dependent - which if you look at census demographic changes and population projections, "the proof is in the pudding." The USA is in a slow morph into society far from what made it great in the world. We've gone from sleeping with your doors unlocked to sleeping with a shotgun under your bed and metal cages around your windows thanks to bleeding heart policies and a lack of "balls" from the likes of Joe Biden and Bill Clinton to say what's really on their minds for fear of upsetting the soon to be majority voting bloc in America. It's a shame that the same thing is happening across Europe and Russia, populations of highly productive, civilized segments of society are plummeting as the wealth is distributed (welfare) to support the burgeoning minority populations. Go rent the movie "Idiocracy" if you haven't already seen it for an idea of what the world will look like at the rate we are going.
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    • Sun Sep 7th 12:22 PM | Rating: 0 0
      Commented on:
      What Will Fannie / Freddie Mean for Monday?
      Rally on Monday? Um...hmmmm, you mean like rally down to $0.30?
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    • Sat Aug 30th 06:38 AM | Rating: 0 0
      Commented on:
      Ominous for the Globe but Good News for Oil Bulls
      Money trumps ideology, this truth does not exempt Putin. Russians know what is it like to have money and are not about to let their new wealth be squandered because of some ideology - they want to be and stay in the capitalist system.

      As for peak oil theory, I'd have to say this weapon against the masses is more futile than Herbert Spencer but don't count of Chavezism to save us all. Capitalists need something new to replace oil and until it proves profitable long-term, we are stuck burning it. Remember, capitalism and multi-national corporations owe zero allegiance to any nation and could care less who is profiting/hurting and what they are doing with their profits from oil. So, to jump start the transition, we definitely would need real political leadership and tough action.
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    • Sat Aug 30th 06:27 AM | Rating: 0 0
      Commented on:
      $18 Billion for Asia Infrastructure
      Has anyone seen how they are building in India? The materials and techniques do not look safe at all! I took along an engineer friend of mine on a trip to India to do a tour from South to North, all along the way he was pointing out how unsafe everything was and the impending disasters their building techniques presented. There seems to be a lack of professionalism or adherence to international standards when building in Asia, or this could be because they are paying their construction workers slave wages?!?

      I'd recommend India beef-up it's natural gas infrastructure above all other areas as they have an abundant supply in the Bay of Bengal which could be used to fuel their future if utilized now. Everything else there is a disaster.
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    • Sun Aug 24th 03:00 AM | Rating: 0 0
      Commented on:
      In the Eye of the Storm: Fannie Mae, Freddie Mac and Lehman Brothers
      America for Sale.

      The legacy of G.W.Bush's administration of the nation.

      Why not just let Saudi Arabia, Dubai and China buy all of America's greatest assets? So long as friends of W have made their billions off the Iraq war, that's all that matters right? Got that cowboy accent foolin em all, yeehaw.
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    • Wed Aug 20th 07:09 AM | Rating: 0 0
      Commented on:
      Wednesday Outlook: Commodities, Emerging Markets
      Anything can happen at any moment and the world economy seems to be a hair away from a global depression. Though the ECB, FED and BOE seem to be scratching each other's back at the moment, we can expect some commodities (oil & gold) to "decouple" from their presupposed levels and possibly get a mind of their own or rather a mind created by frustrated traders with little faith in the murky global financial system. I'd like to think China is doing wonderful and no longer needs the "West" to move forward; reality is, these emerging markets are running on vapors from the drunken buying binge westerners have been on for the past 10 years and those checks are gonna start bouncing from skyscrapers to the rice fields. Reality is hitting home and banks are waking-up with a severe hangover and serious lessons to be learned. I just really hope the U.S. gov't catches up and begins monitoring financial conditions in realtime rather than waiting for something bad to happen then making a move. A lot of lessons can be learned from the past decade that can "fine tune" the U.S. economy and get all cylinders firing again. The eastern allure has been demystified, the information age ushered in and now it's time for professionalism to reign and exceed expectations in the West. The states will need to sacrifice some welfare expenditures and expect a period of stagflation in order to balance their budgets and weather this credit storm.
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    • Tue Aug 19th 22:10 PM | Rating: 0 0
      Commented on:
      Global vs. Domestic Sector Performance
      The U.S. is still the safest bet for any real investment, financials will get over this hurdle - this has been a huge learning lesson for the young nation. This financial crisis is a very positive thing, businesses are now being forced to conduct their business more as professionals than speculators. We can only get better at what we do from here on. Good luck for those gambling on the third world disaster.
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    • Sun Aug 10th 00:15 AM | Rating: 0 0
      Commented on:
      King Dollar Roars Back
      JDL - U.S. bonds are already being dropped because of their low rates, money is moving into currencies, etc. When Obama gets in office, I'd expect to see an infrastructure building boom with a lot of that sidelined money moving into muni-bonds, public/private infrastructure projects. I agree with RLoftus, the U.S. dollar is the safest bet, the U.S. is the safest bet. I was caught-up in the Internet, real estate now BRIC phenomena like many others I know; just know when to pull your money out! The BRIC fad is almost completely DONE! I've see it all on the other side of the world, was impressed with the growth rates and building boom going on in every city in the East and 3 years later (2008), I still feel like I can breathe easier and sleep better being in America. As much as I hate to see the emergence of this new criminal/hip-hop culture taking over almost every U.S. city & public institution, I still feel safer and more human than any other country I've been to. You just can't buy or build that kind of freedom, we have something unique here! I say Euro will be at 1.13 by end of 2009 and 1.30 cable. Silver and Germany can't keep them immune from the global economic hiccup. The U.S. hasn't had it's infrastructure boom yet and when it happens, it's gonna be with repatriated smart money tired of the speculative "third world" plays. Enjoy the Olympics. ;)
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    • Sat Aug 2nd 17:19 PM | Rating: 0 0
      Commented on:
      ETFs: Implications of Goldman Sachs Predictions
      Goldman analysts all have PhD's in Pumping and Dumping. They are academics caught-up in the whirlwind of a tremendous surprise in expectations from these disorganized and often corrupt 3rd world nations and their ability to produce and export as much as they are/have. The same psychology that pumped and dumped the Internet and caused the housing bubble is the same psychology driving the FDI into these DC3 (disorganized & corrupt 3rd world) nations.
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    • Tue Jul 8th 07:44 AM | Rating: 0 0
      Commented on:
      Looking Forward to Capitulation
      They really mean CRASH when they say capitulation... We don't need a crash because the economy nor political situation is calling for it. What we need to do is just get used to the fact East Asia is now becoming the better consumer to serve the needs of global capitalists. America is no longer the chosen child and should get used to being second or perhaps third behind Europe. The U.S. consumer has come to represent only 5% of the global consumers; look to the East for all the newest consumer trends this century! You can shop safely in the cities of the East unlike the criminal infested, rotting cities in America.
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    • Wed Jul 2nd 08:51 AM | Rating: 0 0
      Commented on:
      Personal Rapid Transit: Preempting the Need for Oil in Urban Transport
      Excellent ideas but unfortunately won't work in the U.S.. Too many of the criminal element occupy the cities there and would destroy them as fast as they destroy free housing; it's not worth investing in U.S. cities any longer, go to the more civilized far East instead!
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    • Sat Jun 21st 12:15 PM | Rating: 0 0
      Commented on:
      Multinational Corporations Step Up the Search for the Next China
      Yah, focus on Cambodia, Vietnam is done emerging for the next 50 years or so. Cambodia still needs sewage, clean water and toilet paper.
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    • Sat Jun 21st 12:10 PM | Rating: 0 0
      Commented on:
      General Garbage
      U.S. corporations are being run down the drain by filthy rich old men who haven't got a clue how much the world and this new generation of consumers has changed!!! The East (Asia) knows what consumers want and need and can move quickly to deliver, the West (OLD RICH MEN) have no clue and should just go into retirement and let the new generation pump new ideas into this fat old dying cow (GE.) AMEN
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