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  • How to Profit From the New Oil Boom in Texas [View article]
    Another way to benefit is to relocate your business, and your family, to a lower tax, pro capital formation area like Houston/TX, and away from the Old Europe of the US, the Northeast (NY and New England). That's what I'm doing!
    Feb 4 11:32 PM | 19 Likes Like |Link to Comment
  • Sick of Sycophants [View article]
    I don't think if moneycenter banks went under it would've been that terrible had the following been done immediately prior (essentially the opposite of what Bush actually did.)
    1) eliminate payroll taxes for all for 6-12 months
    2) immediate rebate of corporate taxes paid to all businesses with <500 employees
    3) flood the regional banks,local and credit unions with capital
    4) Guarantee pension payments to retirees (all)
    5) Enact significant infrastructure projects nationally (i.e. high speed rail, new frictionless electrical grid, 100 new nuclear reactors that kind of thing.)
    6) 20 year sentences for the bankers
    Had those things been done, the money banks could've collapsed and thedamage contained to a few blocks in New York and we would've come out of this much more quickly imho.
    Jun 17 08:50 AM | 19 Likes Like |Link to Comment
  • Krugman Laments the Coming Lost Decade [View article]
    The coming lost decade? What about that last 10 years? Anybody up for 2 decades? Yeah Paul that's what happens when you leverage up the public's balance sheet causing tax increases and general misery to save some ahole bankers. We're doing the same damn thing we did in 1929 and30 and to expect a different result, would be well, would require the mind of a leftist economist.
    May 21 04:43 PM | 16 Likes Like |Link to Comment
  • Climategate: Climate Science, Or Pseudoscience? [View article]
    When speaking of the data that supports the notion of manmade global warming I defer to the greatest Dan Ratherism of all time: "false, but accurate."

    Global warming and cooling are cycles, always has been always will be. It's a total money/power grab.
    Nov 30 03:47 PM | 16 Likes Like |Link to Comment
  • Something Very Strange Is Happening With Treasuries [View article]
    Excellent observation, this is very odd. It seems counterintuitive to the rising rate argument. But if you are buying in anticipation of a potential down move and want a return of capital, why would you go out on the curve at all? With QE ending, would that not argue for a strengthening, albeit slow, in the dollar, and rates coming up? This is indeed something to watch.
    Feb 24 09:13 AM | 15 Likes Like |Link to Comment
  • Why Soros Is Probably Buying Gold Now [View article]
    George Soros has been one thing in his career...right. He's made the right calls with alarming consistency. He's also a trader, so a head fake would not be a surprise, when gold his the 680s a couple years ago, people thought it was a falling knife and look at it now, I think it's correction is pretty well done at this point, it'll consolidate around1080-1120 and then will methodically move higher as countries debase their respective currencies.
    Jan 30 08:21 AM | 15 Likes Like |Link to Comment
  • The Death of Las Vegas [View article]
    Can you take your lawyer credentials and go explain the economic realities to the politicians? A lawyer who understands the impact of policy is rare indeed. Of course that may be why you left DC. :-)
    Good post - it seems that Las Vegas is not far behind Detroit, except perhaps in accepting reality. These will make for very interesting studies in Urban policy hopefully of what NOT to do with respect to unions and overleveraging.
    Jun 11 07:16 AM | 14 Likes Like |Link to Comment
  • Thursday Outlook: What, Me Worry? [View article]
    We didn't even get potholes fixed for our billions. I agree - if you're going to piss it away anyway, I'd like to be able to take a bullet train from Boston to DC, and see my electric bill coming from one of the new nuclear power plants, thank you.

    Instead, we spackled over big holes in balance sheets of irresponsible companies (banks) and governments and got higher property tax bills for the privilege.
    May 13 12:25 PM | 14 Likes Like |Link to Comment
  • Meredith Whitney: 'I Haven't Been This Bearish in a Year' [View article]
    Yeah!!!! She's dead right and to be dead right twice not only in a decade, but in 24 months - Garzarelli who??
    Nov 16 09:56 PM | 14 Likes Like |Link to Comment
  • South Carolina's pension fund's push into alternative investments has done little for its returns, but has paid off well for for hedge and PE funds (not to mention its now-former investment chief). Desperate to make up shortfalls, state and local pension funds nationwide are doing the same, and Wall Street is happy to oblige.  [View news story]
    Yes, public pension funds, please take on more risk, the taxpayers, the few remaining, are here to bail you out when it blows up in your face. Any fiduciary standard applicable here?
    Jun 10 08:56 AM | 13 Likes Like |Link to Comment
  • Natural Gas: Best Energy Investment of the Decade [View article]
    You think it's cheap now, wait till it goes to 2 where it has been in the not so distant past. we've got CNOOC in Texas now, and drilling aplenty. The catalyst we need is for a major fleet conversion a la TB Pickens idea - of converting trucks to CNG.
    Oct 13 09:37 AM | 13 Likes Like |Link to Comment
  • Sick of Sycophants [View article]
    Wasn't there also a $50B equity buy in to GM? I don't think that will be coming back to the taxpayers (suckers) anytime soon.

    And if GM is owned by the government, and they issue a dividend, is that really a tax refund? :-)
    Jun 17 07:07 AM | 13 Likes Like |Link to Comment
  • A Real Dividend Growth Machine: Q1 2013 Review [View article]
    Outstanding job! 15 years from now you will be very, very pleased with your disciplined approach. One piece of advice, if you decide to marry, get a prenup to protect your hard work. ;-)
    Apr 8 08:16 AM | 12 Likes Like |Link to Comment
  • History Lesson: Oil Price Spikes and Their Aftermath [View article]
    I remember a numberof those events, and the spike and trough that occurred right after, and based on that I'm short CLK1, but I can also tell you that it's making me feel like the new guy on the block....the prison block. Eliminating Qadaffi will take 3-5 out of the contract or more imho.

    I would also suggest that Obama take that stupid $53Billion for last century's train technology and put it into building substantial thorium/nuclear plants to generate cheaper electricity and lay the ground work for real nat gas and electric fleets.
    Mar 2 01:50 PM | 12 Likes Like |Link to Comment
  • Judge: Goldman Should 'Suffer' [View article]
    Suffering? make that $20Billion then you're talking suffering - that doesn't even rise to the level of a sneeze.
    Dec 3 09:00 PM | 12 Likes Like |Link to Comment
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