Alex Filonov

http://muddlinginvestor.blogspot.com/
Total Rating:
+10 / -5

276 Comments

    • Tue Sep 30th 13:07 PM | Rating: 0 0
      Commented on:
      Is the Dollar Becoming Less Global?
      Year, right. For naive people out there, ruble fell against dollar more than 10% in the last couple of months. Who cares if ruble is valued in dollars, gold or mud pies? Russian economy is less than 10% of American and that number is hugely inflated by price of oil. Russian companies, mainly government ones, owe Western banks more than $500 million, they ran dollar carry trade and got caught with their pants down when ruble fell. Now government is going to bail them out, but government doesn't have that kind of money.
      View article »
    • Tue Sep 30th 13:02 PM | Rating: 0 0
      Commented on:
      Food, Fuel Prices Likely to Remain High
      'unless there is a sharp economic downturn': I just like this caveat. What do you think happens to economy when credit markets are frozen? Boom?

      We are in deflation. It's here and now, and spreading to all goods, food and fuel are not exceptions.
      View article »
    • Tue Sep 30th 12:58 PM | Rating: 0 0
      Commented on:
      Dollar Goes Down Along with Bailout Plan
      Last time we had Great Depression, we had deflation. Why would we have inflation now? Credit is frozen, how do you get money to inflate? It's ridiculous. Just look at the dollar strength against all currencies yesterday and today.

      Disclosure: long UUP.
      View article »
    • Tue Sep 30th 12:55 PM | Rating: 0 0
      Commented on:
      Hurricane Damage Impacts Oil Price
      Oil is going down from here. Yesterday was a good illustration, because traders got a feel of Great Depression II. No commodity goes up in worldwide depression, ever. Oil is not an exception.
      The fact that Ike affected production, that it put offline more than 20 platforms in the Gulf, was reported, but wasn't widely commented. I don't understand why.
      View article »
    • Mon Sep 29th 18:11 PM | Rating: 0 0
      Commented on:
      Financial Markets Circle the Drain: Where Does That Leave Clean Energy?
      Only 2 thoughts (2 cents worth each):

      1. Alternative energy will get what it deserves: alternative money (or alternative to money).
      2. Every House member voting against bank rescue plan deserves Hoover Prize. I propose miniature apple cart, but other ideas are welcome.
      View article »
    • Fri Sep 26th 15:10 PM | Rating: 0 0
      Commented on:
      The Calm Before the Storm?
      Well, there is a third way: Japan. Banks pretend they are OK, government pretends banks are right, 18+ years of depression.
      View article »
    • Thu Sep 25th 18:04 PM | Rating: 0 0
      Commented on:
      U.S. Offshore Oil Ban to Expire
      Sometimes (I think most times, but I might be wrong) do nothing is the best policy!
      View article »
    • Thu Sep 25th 17:24 PM | Rating: 0 0
      Commented on:
      What a Surprise: Credit Rating Agencies Hurt America
      Rating agencies earn money by charging debt issuers for the work of debt rating. I just wonder why we don't hire wolves to herd sheep...
      View article »
    • Thu Sep 25th 17:20 PM | Rating: 0 0
      Commented on:
      Rally Now, Wheels Come Off Later - Faber
      Well, this is a 'sell on strength' market...
      View article »
    • Thu Sep 25th 10:50 AM | Rating: 0 0
      Commented on:
      U.S. Offshore Oil Ban to Expire
      At last! There is some common sense in Congress, even though not enough.
      View article »
    • Thu Sep 25th 10:37 AM | Rating: 0 0
      Commented on:
      GE: Not That Different From You and Me
      GE should not exist in current form. Jack Welch is a genius, he could get this monster together and keep it running. There is no replacement on the horizon. GE is not investable unless it starts spinning off parts.
      View article »
    • Wed Sep 24th 15:16 PM | Rating: 0 0
      Commented on:
      CDS Market Remains Biggest Issue Facing Monetary Authorities
      I don't think anything criminal happened at GS and MS. There were runs on them last Thursday, and no financial company can survive big old-fashioned bank run. There were things bordering on criminal at both, for sure, but I doubt there is any evidence acceptable in court. Although it would be interesting to find out what happened on oil futures market on Monday and if GS, MS or Lehman Brothers has anything to do with it on either side of trades.
      View article »
    • Tue Sep 23rd 23:48 PM | Rating: 0 0
      Commented on:
      Is Someone Playing With Oil?
      Sorry, I meant Monday, not Friday.
      View article »
    • Tue Sep 23rd 23:37 PM | Rating: 0 0
      Commented on:
      Is Someone Playing With Oil?
      Have to add that there was a disconnect between price of oil futures and prices of oil-related ETFs (USO, OIL, DTO) during last couple hours on Friday. I wanted to buy some DTO, to short this obviously strange jump, but it didn't reflect price of crude.
      View article »
    • Tue Sep 23rd 23:35 PM | Rating: 0 0
      Commented on:
      Is Someone Playing With Oil?
      Can it have any relation to the fact that bankrupt Lehman Brothers and couple of brokers which had run on them last Thursday, namely Goldman Sachs and Morgan Stanley, had big long oil positions?
      View article »
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