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jegan ;-)
670 Comments
AIG: How It Spent Your Tax Money
Warren Buffett famously described derivatives bought speculatively as "financial weapons of mass destruction." In Berkshire Hathaway's annual report to shareholders in 2002, he said, "Unless derivatives contracts are collateralized or guaranteed, their ultimate value also depends on the creditworthiness of the counterparties to them. In the meantime, though, before a contract is settled, the counterparties record profits and losses--often huge in amount--in their current earnings statements without so much as a penny changing hands. The range of derivatives contracts is limited only by the imagination of man (or sometimes, so it seems, madmen)." The same report, however, also states that he uses derivatives to hedge, and that some of Berkshire Hathaway's subsidiaries have sold and currently sell derivatives with notional amounts in the tens of billions of dollars.[21] Berkshire Hathaway, with a market capitalization of $196 billion[22], certainly does have enough equity to collateralize or guarantee these contracts.
Oil Heading for $150 a Barrel, Gold for $1500 an Ounce - Merrill
jegan
GOP for Obama
Seven Stocks for an Impending Apocalypse
Not sure if I'd be looking at palladium miners.... Why not consider something more mainstream like copper (PCU or FCX)... Not only are they down more than the two above, but each pay a healthy dividend, both will ramp up, if we ever see anything like a recovery as not only are they necessary for automotive use, but also any form of construction, and if you are looking at a move to hybrid or electric cars, what is the major component of electric motors .... Not palladium.
Having said that, just because I'm stupid enough to bottom fish, it doesn't mean that anyone else should jump in and buy anything right now. In fact, I expect FCX and PCU to drop some more.... I'll buy then...
jegan ;-)
(Insert picture of me here, lookin' phat in my white Panama)
Baltic Dry Shipping Index: If It Really Is a Proxy for the Economy, We're in Trouble
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Concerns over demand for the ore were sparked last week after Australian rival Mt. Gibson Iron Ltd. reported Chinese customers asked it to postpone deliveries because of slowing steel sales and a lack of credit. Contract iron ore prices may drop 20 percent in 2009, the first decline in seven years, Patersons Securities Ltd. said in an Oct. 10 report.
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And <b> sM4r7Y_P4n7z <b> ..... It didn't work.....
jegan ;-)
Some Encouraging Developments in the Economy
Yes. And when a patient dies in a hospital, the 'silver lining' is that a bed has just been freed up for the next ICU patient.
Someone just stole my half-full glass of water!
jegan ;-)
NVIDIA Chosen for New MacBooks: Verdict and Prospects
jegan ;-)
Disclosure : Got stopped out of NVDA twice in the past year... At much higher values.
Three Reasons the Stock Market Rally Won't Last
jegan ;-)
Where's the Smartest Money Investing?
jegan ;-)
Disclosure $20K in CGMFX
The Financial Storm: Is it Over?
jegan ;-)
Another 'Root Cause' That Isn't: Tumbling Home Prices
jegan ;-)
GOP for Obama
China's Shrewd Long-Term Oil Plan: What America Can Learn
Am I the only person that wonders if the 'non-emergence' of China after the Olympics is a means of beating down prices on shipping and ore?
Bear in mind that they are playing hardball with Vale (RIO) right now, and steel prices have plummeted. Fortesque (FSMPF.PK) is busy as a beaver renegotiating their ore prices with 'hard hit' Chinese founderies and is passing on shipping savings in order to keep ore going out. Meanwhile, Iran has finally sold off it's stored crude at sale prices. Also, consider all the stockpiles of commodities that they had before the Olympics.
Lets see; Ore is down, oil is down, shipping is down, and the Chinese seem to be the only people running around contracting, negotiating and setting themselves up????
Either, they are taking advantage of a down market, or perhaps, it was engineered???
jegan ;-)
Vale: Still No Acquisition, But Flush With Cash
jegan ;-)
Now It's the Manufacturing Collapse
jegan ;-)
Bernanke and Paulson: Butting Heads?
Brazil Is the Best of BRIC
I just bought some HOGS (Chinese meat packer) as I know that they are growing within China and do not export. I'm sure there are companies like this in So. America, such as AMX, PDA and FMX (These are off the top of my head and may not be Brazilian per se..) that cater within So. America, but are not involved in exterior markets. I have owned EWZ in the past, but am concerned with the major two companies, Petrobras and Vale... Both are subject to exterior demand. Vale is in a battle to raise its prices to China and China is playing hardball. As far a s Petrobras is concerned... Goldman Sachs and many others have called for oil to drop to $60 a barrel. Where's the return? If I recall, some other members of EWZ are banks. These banks are making money based on Brazil's commodity market...
I'd also like to point out that George Bush has a 78% rating.. Oh wait! That's a 78% negative rating .. Oh well.... Shame we don't have Lula in office here ... Heck! I'd take Sarkozy, Gordon Brown... Or even Medvedev right now....
jegan ;-)