User 142738

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    • Sun Mar 9th 21:55 PM | Rating: 0 0
      Commented on:
      5 Reasons Why the U.S. Dollar Will Weaken Further
      I think we should just adjust the U.S. dollar index to reflect 1900 base exchange rates instead of 1970. Instead of reading all-time lows of around 76, it would read something near 180,000,000,000,000.
      View article »
    • Thu Mar 6th 16:50 PM | Rating: 0 0
      Commented on:
      Curbing Inflation Tops China’s Priorities
      Good luck with that, Wen. The only way I see inflation lowering is when the Communist Party does any or all of the following:

      - Remove all subsidies on agricultural and industrial products (not likely; about 600,000,000 people could starve to death).
      - Take the cap off of foreign exchange transactions (also not likely; the yuan printing machines would wear out in a matter of days).
      - Let the yuan float (somewhat likely).
      View article »
    • Wed Mar 5th 22:32 PM | Rating: 0 0
      Commented on:
      Microsoft Is The EU's ATM Machine - And Google Is Next
      Will Microsoft have to pay the spot price for euros, or will they pay the purchasing–parity adjusted rate of about $1.20?
      View article »
    • Wed Mar 5th 18:37 PM | Rating: 0 0
      Commented on:
      It's Getting Harder to Keep on Truckin'
      Something tells me Michael Shedlock couldn’t afford the health insurance premiums he would need if he said this stuff to truckers face–to–face instead of blogging anonymously.

      Take this commentary tripe to one of the many anti–American sites out there.
      View article »
    • Mon Mar 3rd 17:21 PM | Rating: 0 0
      Commented on:
      Inflation? Sminflation!
      The Yap tribe used giant rocks as currency since giant rocks were not thought of as being in infinite supply. Similarly, the Romans used table salt, the Greeks used sticks, and until the Industrial Revolution took hold, an ounce of aluminum was more valuable than an ounce of gold!

      Money isn't as much a measure of value as it is a measure of how much you trust that value. That dollar bill in your wallet could be counterfeit, or that gold bar in your vault could be doped with copper and uranium.
      View article »
    • Fri Feb 29th 14:00 PM | Rating: 0 0
      Commented on:
      Inflation's Power: The Dollar in 25 Years
      You could replace "dollar" with any word and your statement would be valid. How about the decline of the rand, the pound sterling, the yen, or any other currency? Are you suggesting they have no inflation?

      You're just combining a well-known fact with a current event to make a sensationalized article. Either that, or there's an online elementary macroeconomic class missing a student.
      View article »
    • Thu Feb 28th 17:34 PM | Rating: 0 0
      Commented on:
      Is Gold Unstoppable?
      When was the Dow Jones/gold ratio at 1:1?
      View article »
    • Tue Feb 26th 13:36 PM | Rating: 0 0
      Commented on:
      Fed Continues to Discourage Regular Joe Americans from Saving
      So, you based your opinion on savings rates by looking at one CD rate from one bank you found in the paper?

      Wow. You really did your homework.
      View article »
    • Mon Feb 25th 19:18 PM | Rating: 0 0
      Commented on:
      When Will China Overtake the U.S. Economically?
      The Chinese yuan isn’t a fully-convertible currency. It doesn’t even function like most currencies: you can’t sell your yuan in China like you can sell dollars in the U.S. The “value” of this currency is much like the value of the North Korean won: a farce from a ruthless regime.

      The Chinese government knows that, if their currency were to float, the real numbers of money printing would overshadow all the new get-rich-investors buying the currency. The value would jump from the sudden influx of buying, then fall right back to 12¢ or so after people start realizing that printing money faster than the ECB and Fed doesn’t make sense.
      View article »
    • Sat Feb 23rd 23:05 PM | Rating: 0 0
      Commented on:
      Book Review: Jim Rogers' "A Bull in China"
      If you believe China is anything like Western civilization in terms of any kind of freedom, you’re more naïve than you look. Everything — from the stores, to the utility companies, to the television stations, to the Internet service providers — is State–owned and State–controlled. Visit a Chinese fuel station if you don’t believe me: they’ll limit you to CNY 100 worth of gasoline (USD 13.99) — at gunpoint!

      Even the money system is ruled by an iron fist. Chinese banks not dealing in Hong Kong dollars will beg for your Aussies, Euros, Greenbacks, Kiwis, and Loonies, but when you try to buy some foreign currency, they’ll treat you like a pervert in a porno shop. That’s why the country has rampant inflation and rampant deflation all at the same time.

      And don’t mention the stock market. Conspiracy theorists claim the U.S. government props up the Dow and S&P. Well, in Shanghai, the Chinese government really does prop up the Shanghai Index and Hang Seng! The logic that most people like George Soros and Jim Rogers (who’s been called a hypocrite by other Chinese nationals) use is the same logic used by the shyster investors who nearly collapsed the economy of Great Britain, exploited the corruption in Mexico, and overinflated the Japanese real estate market.

      Get out of that five–star penthouse suite in Beijing and take a look around. It’s not a pretty place to live. Add to that the fact that the 2008 Beijing Olympics are being politicized far more than the 1936 Nazi–era Berlin Olympics were, and you’re looking at a time bomb ready to explode. Or a behemoth of lies and deceit about to collapse on itself.
      View article »
    • Fri Feb 22nd 18:37 PM | Rating: 0 0
      Commented on:
      Can We Take Microsoft at Its Open Source Word?
      I think we’ve misheard Microsoft’s intentions. Lots of very wealthy, very successful, and very proprietary software packages have been open–source. Open source (which works) ≠ socialism (which doesn’t).

      There’s the full possibility that Microsoft will make some Web–enabled software whose client is open–source, but whose server is locked up tight. Even if not, I’d rely on the numbers MSFT releases about their sales of Vista and Office.
      View article »
    • Tue Feb 19th 19:55 PM | Rating: 0 0
      Commented on:
      Gold and Silver Have Largely Missed the Commodity Rally
      A couple of points of interest omitted from the article:
      • Silver hit $50 because a couple of crazy commodities investors decided to corner the market, so don’t rely on that as a possible top.
      • China and India fix the prices of gasoline (and most other commodities), which is why shortages exist.
      View article »
    • Mon Feb 18th 10:51 AM | Rating: 0 0
      Commented on:
      U.S. Dollar Stabilizes; Yen, Ruble Remain in Uptrends
      I'm a bit confused by the Ruble graph: from XE.com and Yahoo! Finance, 1 RUB = 0.04 USD (approximately). Your RUB/USD seems to be the AUD/USD graph!
      View article »
    • Fri Feb 15th 16:21 PM | Rating: 0 0
      Commented on:
      Evan Bayh is Worried by Sovereign Wealth Funds
      There are already limits that exist on foreign ownership of companies' stocks in the United States. That's why Sony and Nintendo, among many others, have separate companies whose names are appended with "of America".
      View article »
    • Thu Feb 14th 17:35 PM | Rating: 0 0
      Commented on:
      10 Reasons To Steer Clear Of Dollar Denominated Bonds
      A dozen paragraphs demonizing the dollar, a single sentence that got to the point. Shouldn't this have been filed under the "Gold" category? Or is this guy ghostwriting for George Soros?
      View article »
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