ericinNE

30 Comments

    • ON: Wed Oct 8th 02:59 AM
      Commented on:
      Goldman Turns Cautious on Solar Sector
      GS is rapidly getting to be in the same camp as Cramer, as far as validity of opinion is concerned. Whatever they say, doing the opposite is your best bet.
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    • ON: Tue Oct 7th 04:57 AM
      Commented on:
      Tuesday Outlook: Commodities, Emerging Markets
      royial: Not to be facetious, but, Duuhh! ;-)
      Wonder if I'll pick the right reentry point for EEV, EFU, SDS, QID, SRS, SKF. Sold today in anticipation of typical big dip - follow up rally. Looking forward to recouping some losses between now and election day.
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    • ON: Thu Oct 2nd 23:02 PM
      Commented on:
      A Satirical Breakdown of the Bailout Plan's Expenditures
      And a burgeoning underground black market in tattered, dogeared copies of The Constitution of the United States Of America.
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    • ON: Fri Sep 26th 02:32 AM
      Commented on:
      The Dummy's Guide to the U.S. Financial Crisis
      Some statements of truth by far greater minds from long ago:
      If you want to control a country, control it's money.
      The most efficient way to get and keep power is to get the citezenry to give it to you.
      The most efficient way to get people to give you power is to make them dependant upon you.
      The most efficient way to make people dependant on you, is to erode the concept of self dependence, personal responsibility, and ultimately, self determination.
      Crises and panic are tools of the state to get more power.

      When this country first started, 0% of the population was dependant on the government for all, or a substantial portion of, their ability to survive. Today, about 40% of the population is dependant on government programs and/or "entitlements&quo... for their ability to survive. At what point will the percentage enable the government to dictate the terms of everyone's life? The natural evolution of democracy inevitably leads back to tyranny, from which the original inception of democracy arose. At some point, some degree of anarchy is required. Anarchy is a perfectly reasonable option, but only when freedom is more impotant than comfort.

      Who among us has ever voted for the "lesser of two evils?" Or voted for a candidate, not knowing what their core beliefs and fundemental philisophical principles were? Of the available choices for president, who here thinks they know, and agree with, their core beliefs and fundemental philisophical principles? Does anyone think that the current mechanisms of government still allow for quality governance at the Federal level? Why is the Federal government involved in anything other than protection from force or fraud?
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    • ON: Mon Jul 14th 04:51 AM
      Commented on:
      Not Just Another Bear Cycle
      Opps, make that 92%. Bengal, you need to learn the difference between the terms "precentage return" and "gain" in math, before criticizing others math skills. Gain is the multiplier, and removing the 1 before the decimal would make the multiplier less than 100%, resulting in a net amount of .4805; less than what you started with.
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    • ON: Mon Jul 14th 04:34 AM
      Commented on:
      Not Just Another Bear Cycle
      Maybe you were confusing return with gain. An understandable mistake. If Bill had said "96% return" it would have been clearer.
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    • ON: Mon Jul 14th 03:40 AM
      Commented on:
      Not Just Another Bear Cycle
      The math is correct. Take a dollar, lose 47.77%. That leaves you with .5223. Times it by 1.915 (192% close enough.) Now you have your dollar back.
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    • ON: Sat May 10th 10:52 AM
      Commented on:
      What If We'd Been on the Gold Standard?
      SimpleSimon, your nic befits you perfectly. Please exlpain how a finite, valuable, dwindling, high demand resource is, in any way, correlatable to tulips, or the hypothetical, purely conceptual value of a dot.com. Clearly, the concept of peak oil (now or later) is lost on you. Oil is every bit as valuable as gold, and the disconnect between the two's corelatable value has been, and continues to be, the manipulation of those markets by the cartels that control each. Gold will lose it's value when a mass substitute for oil is found, or when we finally figure out how to convert energy to matter, and not just the other way around.
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    • ON: Mon Apr 21st 05:44 AM
      Commented on:
      The Treasury, Fed and Bankers Are Setting the Bull Traps
      Bil, I've just recently started reading your posts, and it's clear to me that you suffer from the same affliction I do: The use of logic in the analysis of facts, to arrive at truth, in pursuit of pragmatic solutions. The stock market has become, now more than ever, an insane place w/ insane rules. Supposed "stock fundementals" that ignore underlying economic fundementals are worthless. Keep telling the truth, maybe enough people will someday come appreciate it. Till then, the rest of do. Thanks.
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    • ON: Fri Apr 18th 02:27 AM
      Commented on:
      World Crisis Not Dissimilar to 1929-1932
      Can't follow your reasoning on gold, Prose. I am unaware of any time in history when fiat money devalued, for any reason, that gold did not increase above the rate of devaluation, except for the short time (relatively speaking) after the US went off the gold standard for our currency. Even if the expressed-in-dollars price of gold were to come down, what it could actually buy would be worth disproportionaly more than what the paper dollars would be able to buy. Of course, this assumes one is holding actual gold, not GLD and the like. I have been seriously thinking about moving a chunk of $ into gold and silver coins. Less as a speculative investment, more as an insurance policy for economic upheaval. Readily tradeable assets will be necessary for getting those things you need, don't have, and can't grow/make/take. Gold has been a recognized curreny for over 5000 years, and I can't see that changing, even under the most dire scenerios.
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    • ON: Fri Apr 18th 01:20 AM
      Commented on:
      A Little Financial Knowledge Is a Dangerous Thing
      I can't decide if this elitist crap, or a sincere opinion that just happens to ignore the consequences of a society with a majority of the population having no basic economics/financial literacy.
      My mother-in-law fits the profile. She hemmoraged money out of her IRA's and cash investment accounts from Nov.-early Jan. until I finally got a chance to review what her "financial advisor" at Wells Fargo had put her into, (and then turned his back on, while over $25000 disappeared in that time.) She had no clue what was happening, what the driving forces were, how those forces were directly affecting her, etc.
      Almost all professional financial advisors somehow find a way to rationalize putting their unknowledgable clients into load funds, high fee/long term contract annuities, and other fee paying (to the advisor) investments. Gee, I wonder if there's a self serving agenda/conflict of interest issue, here?
      Can a little knowledge be dangerous in the hands of the arrogant? Sure. But to suggest that individuals are not absolutely the best person to oversee and direct their own investments, is rediculous. And for competent oversight, financial literacy is a must. Along with an understanding of basic economics. My mother-in-law has become very motivated to gain that literacy, now that the consequences of NOT having it have been driven home in the harshest of ways.
      I would be willing to bet that more wealth was lost from retirement accounts this last go around, than in a long time. Most all of it could have been avoided if they had been more financially literate, economicly aware, and in control of their own accounts. Regulation will never be a superior model for success. As an integrated aspect of self reliance, yes. But as a replacement for self reliance? I think not.
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    • ON: Thu Apr 17th 04:07 AM
      Commented on:
      Who's to Blame for the Commodities Boom?
      The Socialist/borderline Marxist nature of some of the replies here illustrate the mentality that will make it possible for someone like Obama to become President. Everything old is new again, eventually. Even when it's been shown to be a miserable failure. But, that's what happens when enough of the population make the same mistakes they were doomed to make, from failing to know history, let alone learn from it.
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    • ON: Thu Apr 17th 02:53 AM
      Commented on:
      10 Things Not To Worry About
      Well, don't stop there. Let's also not worry about:

      11: Gov't. number juggling for inflation, trade deficit, budget deficit, unemployment, and monetary supply reports. What the heck, it's been going on for 35+ years, and we're still ok. If the general population knew the truth, they'd just do something stupid, like demand their Social Security checks (increases tied to inflation, and all,) be raised accordingly, thereby hastening the insolvency of the Soc. Sec. trust fund. Idiots.

      12: Being a debtor nation is working out way better than anyone could have thought. New debt is what makes for real economic growth, right? Math and logic are just psuedo-sciences, and those "house of cards" alarmists must have some sinister agenda. Bastards.

      13: Peak oil is just a bunch of hooha. Brazil found a whole bunch of oil. We're good to go.

      I could go on, but what's the point. Any assertion regarding things to not worry about that includes "the fundamental view of the US would not be changed by a change in its rating" isn't worth the ink it took to print.
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    • ON: Tue Apr 15th 04:39 AM
      Commented on:
      Housing, Credit, Economy: At an Inflection Point
      And a whole mess of those needing to refi in the future are going to be at the bottom of any lenders list to extend credit to, due to their poor credit rating, which made them subprime in the first place. That sword is is going to fall, and continue the housing meltdown for at least 2 more years.
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    • ON: Mon Apr 14th 00:16 AM
      Commented on:
      The Realities of Natural Gas
      That was for Georealist.
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