virilio

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    • Mon Sep 22nd 10:16 AM | Rating: 0 0
      Commented on:
      Why Patriotism and Your Portfilio Don’t Mix
      CLH, your spelling and grammar are sub-prime ...

      Americans have moved money in huge amounts directly to Russia through BRIC and Oil/NG investments. It was safer than investing in Fannie/Freddie/AIG/Mor...

      The Russians understand how corrupt and unstable their financial sector is and move their money ... Not to the US financial sector but to Monaco. Cayman Islands. Lichtenstein. Isle of Man. Bermuda. Switzerland. Dubai. "America is the best?" It certainly isn't considered the best place to invest money. In 2007, EU banks held 53% of worldwide assets, up from 43% the decade earlier. Sense a trend? Enjoy the next decade.
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    • Mon Sep 22nd 09:41 AM | Rating: 0 0
      Commented on:
      Financials Soar
      stupid government bailout money. it's like they forget the dump in pump-and-dump. i cannot even short when I see the artificial tide pull back and drag them out to sea as I see the financial sector fundamentally as weaker and more untrustworthy than ever before.
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    • Mon Sep 22nd 09:26 AM | Rating: 0 0
      Commented on:
      Why Patriotism and Your Portfilio Don’t Mix
      who wants to play in a fixed game? I can't even analyze the data anymore - with the government as the primary shareholder/regulator the books are cooked all the way up now... they benefit from false positive numbers as much as the company - suddenly the government regs will be asking, yessss its fraud but can we afford to let this company go down for it?

      I just don't think it's safe to invest in US markets anymore.
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    • Sun Mar 23rd 23:40 PM | Rating: 0 0
      Commented on:
      How Bad Is the Dollar's Fall?
      "Last time rates were near 1-2% lenders gave out money like it was nothing, if rates go back down near those levels it will be very interesting to follow where that cheap money goes"

      borrowed for next to nothing to short YEN EUR GBP CAN CHF on their red-days. Like the low-interest CHF was borrowed & converted to short USD against EUR, so low-interest USD could be borrowed & converted to short YEN against EUR.
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    • Sun Mar 23rd 23:32 PM | Rating: 0 0
      Commented on:
      How Bad Is the Dollar's Fall?
      "When the bush presidency ends the dollar will stage a celebration rally" vs "When the Bush presidency ends it very much depends on who succeeds him".

      nothing is ever sure. They might as well throw dice as the dice are more predictable.

      Could be under Clinton/Obama it is uncovered war was far more expensive than stated & USD keeps going down for several years. Could be under McCain it is not uncovered and people just assume this & USD keeps going down for several years. Could start going up too. Will global currency reserves go below 50% on the USD? Unlikely. If so I'd expect proportional devaluation of USD, and correct for it by estimating shifting distribution in my currency basket.

      "so funny-money debt can be repaid with funny-money. " yep.

      "if central banks ALL inflate their currencies thus lowering their values, how can we measure any value." IMHO relative to one another via shifting global currency reserve ratios

      "Huge "off the books" funding for Iraq and Afghanistan" yep.

      "If you wanna protect, just buy another currency." yep. or currency basket at ratio like central bank global reserves such as 60% USD, 30% EUR, 5%GBP, 5%CHF.

      "The US Dollar needs to get back on the Gold standard" gee, why not just peg it to the price of a barrel of crude? *sigh*
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    • Wed Feb 6th 17:27 PM | Rating: 0 0
      Commented on:
      America's Middle Class: Living Large
      you've "won first prize in the lottery of life."

      slow down you nationalistic cheerleader, it's not like at the age of 20 I can do as the swiss do and say social security is not something for me to pay into and build up and then take payments at 65, it's money society owes me for being a citizen. So I can cash it out as a lump sum at 20 even if I haven't paid into the system, oh right and If I get cancer I don't have to sell a house to pay for the treatment. And the minimum wage at around $16/hour with 1 bedroom apartments renting for $500/month. From an economic standpoint I wish such parallels were available to me here.
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    • Fri Feb 1st 15:00 PM | Rating: 0 0
      Commented on:
      Picking Apart the WSJ's Manipulative Gold Reporting
      the biggest + to physical gold is it can be easily transported on one's person, & liquidated easily in most countries. It's paranoid money.

      in the meantime, it is (at the least) holding its value.
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    • Mon Jan 28th 00:56 AM | Rating: 0 0
      Commented on:
      Gold Stocks and the 1934 World Series: Swing!
      yeah this article SUCKS. ESPECIALLY the 'pay me subscriber money and I'll let you in on the big secret of which gold stock will go up...'

      So without asking for a subscription I'll say for those who care to own gold a (relatively) safe way is FSAGX, a gold mutual fund who's performance knocks the socks off physical ownership or individual gold stocks. After all ... if they pay you for a stock ticker off a 1-day unlabeled graph they're naive investors and probably shouldn't be in such a volatile sector.

      caveat emptor: tiny foreign gold companies are notorious for salting their fields to make it seem they have value.

      I am not against gambling a bit: 60% of my portfolio for last year was when I bought into GLD January 07 when Gold briefly touched 603.50/oz. Made a helluva lot more sense to me than buying into a gold company that might or might not have a good gold mine.
      I sold in late Nov 07, figured it was up enough of a % to pull out completely. unfortunately it kept going up and I felt bad at not taking it to 900 but felt spot price moved to far too fast and wanted out before a correction. My future moves in this sector will be a. GLD following a $250 correction i expect in next year or b. FSAGX

      hey! no subscription for those ticker symbols.
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    • Sat Jan 26th 15:51 PM | Rating: 0 0
      Commented on:
      Shorting ETFs - Goodbye To The Old Risks
      sorry for the last 2 sentences regret leaving them in. and maybe you did write a decent book not that i bothered to read it. it's just when i looked at proshares it was because they were highly ranked on the fund evaluator at bloomberg.com but the ultrashares and proshares are in many sectors so thinly traded i immediately refused to put my money into them. hey, if you like this section of the beach, i won't dissuade you but i'm not getting into /these waters/
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    • Sat Jan 26th 15:45 PM | Rating: 0 0
      Commented on:
      Shorting ETFs - Goodbye To The Old Risks
      Many ETFs shorting the indexed sectors are lightly capitalized and thinly traded. why bash mutual funds (it is not hard to find one that is not 'corrupt'! )

      when you lose money shorting indexes NOBODY has any sympathy for you

      How-to books for Starting Hedge Funds, in 2008, are not so different from How-to Flip that House with no money down! books published in early 2007.
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    • Sat Jan 26th 15:05 PM | Rating: 0 0
      Commented on:
      Rebate Checks Will Do Little to Spur Economic Growth
      i suppose giving out $600 index fund ira's instead of rebate checks is a bit too close to 'privatizing social security'
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    • Mon Jan 21st 14:10 PM | Rating: 0 0
      Commented on:
      So Much for the Decoupling...
      because of decoupling BRIC investments won't plummet faster than domestic equities
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    • Mon Jan 21st 13:55 PM | Rating: 0 0
      Commented on:
      Recession Could Be Boon for Stocks - WSJ
      yeah... it's hard to see a silver lining here on Monday MLK day when the Dow has fallen from 14000 to 12106 so quickly and dow futures for the market opening tomorrow are -514, at 11592.

      That is a disappointingly gloomy # to start next week with. Far far worse than the futures were at on Friday and Saturday when futures were -102 to 11996. Thats why i was surprised to see you published this on monday, it's so 'unrealistically optimistic' for monday, i could see if it had come out on friday after close or even saturday morning but given dow futures on monday ... i wouldn't be surprised if tuesday was the worst day so far this January.
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    • Sat Jan 19th 11:02 AM | Rating: 0 0
      Commented on:
      Want Lower Oil Prices? Fix the Dollar!
      instead of dumping 150 billion into a "let's hope the consumer spends this small check fast" economic stimulus packages to boost the market the fed could buy merrill lynch while it's down: call it a nationalized low-fee brokerage service and use $150 billion stimulus package to buy and hold IRA's of $800 in indexed funds for all americans with a SSN. Suddenly Merrill/govt. can actually make money in fees, and create a bailout without having to actually let go of the money.

      All that money would go into the market, pulling it up, and convincing people that a.) the bailout worked and b.) stocks are a worthwhile investment and that they already have a stake in the game. Why not encourage doubling down with matching contributions for those who want more in the account than the stimulus amount?

      then govt doubles down ...moving paycheck deductions for social security payments into the system, so young people didn't feel so cheated out of their social security "contributions&qu...
      View article »
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