Alan von Altendorf

http://www.cwsx.org
Total Rating:
+22 / -20

256 Comments

    • Wed Oct 1st 02:52 AM | Rating: 0 0
      Commented on:
      5 Reasons Why the $700B Bailout Could Translate to $250 Oil
      I don't think it matters any more about oil at any price. Shipping is frozen.
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    • Wed Oct 1st 02:50 AM | Rating: 0 0
      Commented on:
      5 Reasons Why the $700B Bailout Could Translate to $250 Oil
      Yves Smith nakedcapitalism.com was the ringleader of resistance to MOAB. Her blog is suddenly offline, redirects to Google.
      View article »
    • Tue Sep 30th 08:24 AM | Rating: 0 0
      Commented on:
      Copper Stocks Take a Hammering
      IVN down 18, AAPL down 18% - eh, so what? Infrastructure projects (wind farms, gas turbines, nuke plants) need copper, not gadgets.
      View article »
    • Mon Sep 29th 19:44 PM | Rating: 0 0
      Commented on:
      Increase of State-Controlled Resources Threatens U.S. Consumers
      In the same way that Wall Street i-banks were overleveraged and sold hopeless crap advertised as AAA assets, the oil industry broadly speaking has overinvested in hopeless plays and overleveraged its booked reserves. I don't see any threat from Russia or Venezeula as such. They've cut their own throats by kicking out competent people.

      If I had to guess, I'd say that war risk will rachet up. There's not enough oil to go around and military (ours and theirs) always has first dibs on supplies.
      View article »
    • Mon Sep 29th 04:19 AM | Rating: 0 0
      Commented on:
      Close Down the Federal Reserve
      Great article. Absolutely correct. Zero chance of being implemented. I was tempted to respond bitterly and agrily to DeLong on the subject of employment. No one was unemployed in the former Soviet Union. You either worked in the fields or factories or gulags or government. Strip out government and government contracting in the US today. Look at how few private sector civilian workers are supporting everyone else. Those are the taxpayers who will be skinned to pay $700 billion. Not the school teachers. Not the elderly. Not the military or its suppliers.
      View article »
    • Sun Sep 28th 22:26 PM | Rating: 0 0
      Commented on:
      The Deal's Getting Done, But Will It Work?
      scooterpop likes amputation: "Hey, such immediate responses worked in the Civil War, I just can't qoute you the actual survival rates."

      Almost zero. 350,000 died from infection. No sterile field, no antibotics.

      My expectation about the TARP that will eventually authorize $700B new debt, maybe $1.5T revolving graft, is a rush to the fire exits and a panic sell-off that trips the circuit breakers several days in a row.
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    • Sun Sep 28th 21:29 PM | Rating: 0 0
      Commented on:
      How to Solve the Banking Crisis
      Extremely good article, 100% correct. Thank you.
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    • Sun Sep 28th 09:08 AM | Rating: 0 0
      Commented on:
      Hoping Paulson's Plan Works Is Not a Plan
      Hah! Saw the typo and you know what? I kinda like it.
      View article »
    • Sun Sep 28th 09:05 AM | Rating: 0 0
      Commented on:
      Hoping Paulson's Plan Works Is Not a Plan
      Writing anything to Congress 50 words or less. Telephone. Fax. Then go to Washington and picket the White House: 5 words or less. If you agree with Jeff (above) stencil THESE POLICITIANS ARE NOT STUPID and see how many laughs and curses you get.
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    • Sun Sep 28th 01:35 AM | Rating: 0 0
      Commented on:
      What To Do in a Rebuilding Year
      So, 1929 was a rebuilding year?
      View article »
    • Sat Sep 27th 20:59 PM | Rating: 0 0
      Commented on:
      Time Not for a Bailout, But for Nationalization
      Personally, I like President Milf. But let's talk about Brad DeLong's "nationalization&... proposal.

      To be extremely brief, it's not. What he proposes in this article is Chapter 7 bankruptcy, managed by the executive branch instead of Federal courts. It is probably unconstitutional, but in any case it's obviously the right thing to do with insolvent firms.
      View article »
    • Sat Sep 27th 02:49 AM | Rating: 0 0
      Commented on:
      We Stand at a Precipice
      << Your savings, your retirement accounts, your equity, the buying power of your US dollar. POOF. >>

      Well, no. The mortgage is paid off. FDIC deposits spread in two uber banks. Some foreign cash and insured deposits. Some gold. Well out of harm's way. It was prudent, because we saw the Crash coming about a year ago. Outsourcing the Dreamliner was a bad omen.
      View article »
    • Sat Sep 27th 02:27 AM | Rating: 0 0
      Commented on:
      Next Victim, Please!
      Again, if shareholders and bondholders are whacked, how does that hurt FDIC insured depositors?

      My broker has a big honking notice on every page:
      INVESTMENT ACCOUNTS AND INSURANCE PRODUCTS ARE NOT A BANK DEPOSIT - NOT FDIC INSURED - NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY - NOT GUARANTEED BY THE BANK - MAY LOSE VALUE

      So? I have very little exposure right now to stocks and bonds. Not more than the insured maximum in CDs and cash, spread among several currencies. All deposits are in super strongest banks.

      I wouldn't pay 60% or 25% or 17% or 2% for a piece of Wachovia.
      View article »
    • Fri Sep 26th 11:58 AM | Rating: 0 0
      Commented on:
      Next Victim, Please!
      I suppose if IBM ate Google, that would be eating its young, or maybe Bank of New York Mellon snacking on TPG and Ptooey Chewy 20-20.

      Okay, a dead serious comment. Morgan Stanley and Wachovia might take a hit big enough to sink one or both. Could be downgraded. Or Fitch rating cut. Maybe run out of cash. Who exactly does this hurt?

      Were depositors hurt when JPM took over WaMu?
      View article »
    • Fri Sep 26th 08:03 AM | Rating: 0 0
      Commented on:
      On Board the 'U.S.S. Titanic'
      Thank you.
      View article »
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