Joe Gelet's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/167017/comments http://seekingalpha.com/article/110495-eur-gdp-could-hit-parity-or-correct?source=feed#comment-328007 328007 Fri, 12 Dec 2008 22:04:59 -0500 http://seekingalpha.com/article/106445-general-electric-genuine-risk-of-collapse?source=feed#comment-310465 310465
GE's mistake was getting involved in the finance business! It reminds me of a company we had researched that owned the technology behind an FX trading system and 'patents on ancient Chinese health secrets'. i.e. What business are you in? We sell investments, couches, and also a fine wine.

Maybe companies will start doing what they do best. GE was a great manufacture of industrial equipment (light bulbs, medical instrumentation, engines, etc.), but a less than average bank. Overall, this crisis will be a good thing for the economy although it will be painful.]]> Wed, 19 Nov 2008 22:58:58 -0500
GE's mistake was getting involved in the finance business! It reminds me of a company we had researched that owned the technology behind an FX trading system and 'patents on ancient Chinese health secrets'. i.e. What business are you in? We sell investments, couches, and also a fine wine.

Maybe companies will start doing what they do best. GE was a great manufacture of industrial equipment (light bulbs, medical instrumentation, engines, etc.), but a less than average bank. Overall, this crisis will be a good thing for the economy although it will be painful.]]> http://seekingalpha.com/article/88847-moving-to-a-trans-industrial-paradigm?source=feed#comment-307633 307633
Regarding the post industrial title, it is just a nomenclature to describe 'after industrial' .. the word 'trans' was chosen instead of 'post' in the title due to research that was conducted on that term: en.wikipedia.org/wiki/... and it's connotations. The point being, our society is designed based on an industrial system that developed during the 20th century. In Cambodia and pre-industrial cultures and most of the third world, there isn't much industrial infrastructure to speak of. With the internet, and small modular technology such as Micro Nuclear Power Plants: blogs.zdnet.com/emergi... It is possible to live almost anywhere and trade anything. In fact, agricultural society has less impediments to adapt because they do not have highways, bridges, zoning laws, etc. Wall St. was in Manhattan because NY was an industrial solution to solve the problem of major corporations who needed big filing cabinets (skyscrapers) which are outdated. Even before the crash, many trading firms have only sales and marketing offices in NY while trading and R&D is done in remote facilities which are highly customized and highly secured. (Reston, VA vs. Washington D.C.). Saying people shouldn't live in NY or Wall St. is this or that is not the point. The point is NY and big cities served the major societal function pre-internet and pre-computer which now doesn't have value. Wall St. has the branding value and the associative value but is it really worth $50,000 /month to house servers there?
]]> Mon, 17 Nov 2008 01:12:53 -0500
Regarding the post industrial title, it is just a nomenclature to describe 'after industrial' .. the word 'trans' was chosen instead of 'post' in the title due to research that was conducted on that term: en.wikipedia.org/wiki/... and it's connotations. The point being, our society is designed based on an industrial system that developed during the 20th century. In Cambodia and pre-industrial cultures and most of the third world, there isn't much industrial infrastructure to speak of. With the internet, and small modular technology such as Micro Nuclear Power Plants: blogs.zdnet.com/emergi... It is possible to live almost anywhere and trade anything. In fact, agricultural society has less impediments to adapt because they do not have highways, bridges, zoning laws, etc. Wall St. was in Manhattan because NY was an industrial solution to solve the problem of major corporations who needed big filing cabinets (skyscrapers) which are outdated. Even before the crash, many trading firms have only sales and marketing offices in NY while trading and R&D is done in remote facilities which are highly customized and highly secured. (Reston, VA vs. Washington D.C.). Saying people shouldn't live in NY or Wall St. is this or that is not the point. The point is NY and big cities served the major societal function pre-internet and pre-computer which now doesn't have value. Wall St. has the branding value and the associative value but is it really worth $50,000 /month to house servers there?
]]> http://seekingalpha.com/article/91331-what-the-russian-georgian-war-means-for-the-euro?source=feed#comment-288404 288404
and you get to write of SA?

Man I won't ever coem to an SA posting again ""

Europe has been at war for the last 5,000 years.. if anyone notice the reason USD became reserve currency was because Europe was demolished after WW2 and US was untouched with manufacturing base intact and a strong political footing being a driving force in the winning of Alliance powers.

Secondly, if anyone was watching the news, Russia invaded Georgia. Israel had troops in Georgia and trained Georgian forces. If one doesn't call that a 'war' then what is it? Tanks were rolling from Russia to Georgia and 1/2 of the country was destroyed by bombings. I'm sorry if it's "insane" to call that a war.. ]]> Thu, 23 Oct 2008 02:50:49 -0400
and you get to write of SA?

Man I won't ever coem to an SA posting again ""

Europe has been at war for the last 5,000 years.. if anyone notice the reason USD became reserve currency was because Europe was demolished after WW2 and US was untouched with manufacturing base intact and a strong political footing being a driving force in the winning of Alliance powers.

Secondly, if anyone was watching the news, Russia invaded Georgia. Israel had troops in Georgia and trained Georgian forces. If one doesn't call that a 'war' then what is it? Tanks were rolling from Russia to Georgia and 1/2 of the country was destroyed by bombings. I'm sorry if it's "insane" to call that a war.. ]]> http://seekingalpha.com/article/94784-massive-opportunity-to-short-the-dollar?source=feed#comment-258274 258274 Thu, 18 Sep 2008 14:55:02 -0400 http://seekingalpha.com/article/94784-massive-opportunity-to-short-the-dollar?source=feed#comment-251144 251144
bob jones, negative euro zone growth has it's roots in the US downturn, what has been significant was the Russian conflict which started the Euro sell off. But a bad Euro does not a good dollar make, there is real money demand for the dollar which is not EUR weakness alone. It is likely also a problem with the credit markets but a drying up of credit maybe isn't enough to push the greenback higher it would need to be driven by foreign exchange markets??? The fact is there is no definitive evidence why the dollar is up, therefore this is a good 'insanity trade' because the move just doesn't have any sense, therefore markets should adjust.]]> Wed, 10 Sep 2008 22:26:36 -0400
bob jones, negative euro zone growth has it's roots in the US downturn, what has been significant was the Russian conflict which started the Euro sell off. But a bad Euro does not a good dollar make, there is real money demand for the dollar which is not EUR weakness alone. It is likely also a problem with the credit markets but a drying up of credit maybe isn't enough to push the greenback higher it would need to be driven by foreign exchange markets??? The fact is there is no definitive evidence why the dollar is up, therefore this is a good 'insanity trade' because the move just doesn't have any sense, therefore markets should adjust.]]> http://seekingalpha.com/article/91331-what-the-russian-georgian-war-means-for-the-euro?source=feed#comment-237331 237331 stratfor.com Other articles you can see on our blog eliteforexblog.com (just scroll back to previous posts about the situation and read the articles). While we are worried about Georgia, basically an irrelevant state, no one (except stratfor) noticed that Germany is negotiating a new security agreement with Russia. This new Russia is not a threat to anyone directly per se, it is a threat to the current global political framework. From the Russian perspective, they try to capitalize on high oil and a booming debt free economy. Isn't that what the west has been trying to convince them to do for the past 50 years? Now that the Russian's are capitalists, we can't complain that they are protecting their economic interests militarily, like the west has taught them.]]> Sat, 23 Aug 2008 16:17:00 -0400 stratfor.com Other articles you can see on our blog eliteforexblog.com (just scroll back to previous posts about the situation and read the articles). While we are worried about Georgia, basically an irrelevant state, no one (except stratfor) noticed that Germany is negotiating a new security agreement with Russia. This new Russia is not a threat to anyone directly per se, it is a threat to the current global political framework. From the Russian perspective, they try to capitalize on high oil and a booming debt free economy. Isn't that what the west has been trying to convince them to do for the past 50 years? Now that the Russian's are capitalists, we can't complain that they are protecting their economic interests militarily, like the west has taught them.]]> http://seekingalpha.com/article/83086-antidote-to-dollar-weakness-swiss-franc-gold?source=feed#comment-221733 221733 regarding the yuan, china is not the next USA i know jim rogers and others are big yuan cheerleaders, and it may increase (i'm not advocating short yuan) it's just not a SURE bet, whereas swiss francs and some other plays are, as we see it. gold should comprise any % of a portfolio due to inflation hedge, and i do agree gold will be volatile, but NOT because ben can do anything about it! thanks for your comments, see other articles on eliteforexblog.com]]> Sun, 03 Aug 2008 17:18:32 -0400 regarding the yuan, china is not the next USA i know jim rogers and others are big yuan cheerleaders, and it may increase (i'm not advocating short yuan) it's just not a SURE bet, whereas swiss francs and some other plays are, as we see it. gold should comprise any % of a portfolio due to inflation hedge, and i do agree gold will be volatile, but NOT because ben can do anything about it! thanks for your comments, see other articles on eliteforexblog.com]]>