poor&unemployed

Bernanke Desperate, Fed Out of Ammo

Bernanke is putting the most advanced theories into practice.
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So did the Nobel prize winners of LTCM and the people who earned hundreds of millions of dollars at ML, CITI, Lehman, BoA, MS, GS name few.

Give me other people's money and see my advanced theories take it to the sky

OBAMA, Geithner, Bernanke - all are at high stake poker game funded by taxpayers. They have nothing to lose! They will get multimillion dollar speaking fees for rest of their lives, once they are finished with their poker game!

Socialism means everyone will be poor and few will be very rich. Bring out the VODKA .........................




On Mar 22 02:42 PM Karl Glazier wrote:

> This is a typical example of amateur economists (like Ron Paul) who
> have no idea how things work telling the experts what they are doing
> wrong.
> It's like laymen telling brain surgeons they are doing it all wrong.
>
>
> Bernanke is putting the most advanced theories into practice.
> With widespread overcapacity, increasing money supply will not lead
> to inflation, but to renewed economic growth.
> And the Fed is not out of ammunition, because they can create unlimited
> amounts of money, whatever is needed to get us growing again.
> Ron Paul's libertarianism (represented by Greenspan's refusal to
> regulate) is what got us into this mess.
> Unregulated markets lead to booms and busts.

BDI and DSK: Shipping Chaos

If we were to use BDI to determine price of real estate, we will not be having these crisis. It is determined by what ship brokers think (YES THINK) the freight rates should be for a particular route. It is not the actual rate.


The Baltic Exchange is a global marketplace of shipbrokers, ship owners and charters, based in London, England. The Baltic Exchange provides freight indices and route assessments and also operates as a maker of markets in freight derivatives, specifically a type of forward contract known as forward freight agreements (FFAs) that are traded over the counter. The Freight Indices and Futures Committee (FIFC) at the Baltic Exchange is responsible for production of the Index and other freight indices published by the Baltic Exchange, utilizing the professional assessments made by a panel of reporting shipbrokers on the prevailing open market levels. In compiling any of the sub-indices, the FIFC
selects the component routes and determines their weightings with a goal of producing a weighted basket of routes which is as representative as possible of the world's principal bulk cargo trades for that sub-index. The daily level of the sub-index is based on the average assessment made by all reporting panelists of the current market rate with respect to each route included in the sub-index and the applicable weighting for such route.

The publication of the Index and other freight indices of the Baltic Exchange is governed by the following rules.

Publication
The component sub-indices of the Index and the Index will normally be published by the Baltic Exchange at approximately 1 p.m. London time on each business day.

The Baltic Exchange may delay or cancel publication of the indices and routes if considered necessary or desirable. The Baltic Exchange provides route and index data only if it is fully satisfied that sufficient assessments from an adequate quorum of its reporting panelists have been received. If there are not sufficient panelists able or willing to report their assessments on any route or index then the Baltic Exchange has the right not to report on that day or any subsequent days until an adequate quorum has been assembled.

The Panel
The Baltic Exchange appoints a panel of shipbroker companies from its members. The Baltic Exchange may change the number of panelists and the composition of the panel at any time but aims to have panels consisting of at least seven panelists per index. As of July 2007, the number of panelists on each of the four sub-indices of the Index ranges from 12 to 22.

The Routes
The Baltic Exchange has the right to decide which routes are to be included and may alter the composition of the routes from time to time. Since September 2002,

All panelists' returns have been included in establishing the average assessment on dry routes. Prior to that date, both the highest and lowest returns were included.

Weightings
The Baltic Exchange from time to time decides the weighting applied to any route for the purpose of ascertaining its contribution to an index.

Weighting Factors
For the purpose of calculating the indices, the average rate for each route will be multiplied by the weighting factor for that route. The weighting factor for each route is ascertained by the Baltic Exchange and may be adjusted by the Baltic Exchange to take account of alterations to routes or route weightings.

Alterations to the Indices
No more than one route will be removed from an index at any one time. If a route is removed, one or more routes may be substituted for it.

The weighting of an existing route will not be altered by more than an amount equal to 25% of its existing weighting or 2.5% of the index at the date of the decision to make the alteration, whichever is the larger. No such limitation will apply to routes that are removed from or added to an index.

Any one alteration to an index will not result in an adjustment of more than 5% in the regional or commodity composition of a given index. The meaning of "region" and "commodity" for this purpose will be in the absolute discretion of the Baltic exchange.

When an alteration is made, a revised set of weighting factors will be applied to the routes, so that the new index will have the same level as the old index at the date of the alteration. The dry cargo freight market is sensitive to a variety of external variables, the most important of which include the following:

o Fleet supply: The number and types of ships available have a significant impact on the dry cargo freight market. The recent short supply of bulk ships, even as compared to oil tankers or container
ships, has driven up the dry bulk cargo rates.
o Commodity demand: The level of industrial production significantly
affects the dry cargo freight market. The pace of industrial
development in China, India and other developing countries has
compelled those countries to look farther for resources.
o Seasonal pressures: The weather has a meaningful impact on the dry cargo freight market, from the size of agricultural harvests to river
levels or presence of ice in ports that can cause delays.
o Fuel prices: With bunker fuel accounting for between one quarter and one third of the cost of operating a vessel, oil price movements
significantly affect the dry cargo freight market.

The Baltic Dry Index Gets Moving

The Baltic Dry Index, an index that follows the cost for cargo and goods traveling by sea.
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Another EXPERT giving opinion on BDI without knowing the underlying components.

God help America!

Did Geithner Bail Out Goldman Sachs?

We love Barrack Hussein Obama. He is going to change everything. We do not question his judgement. Confirmation hearings will be a coronation event, where only positive energy and thoughts will be permitted.

Mr. Geithner has been rewarded for his support.

DryShips: The Time to Buy Is Now

David,

You have put in lots of time in this PROMO! So can you please explain effect of following (Missing) piece from your 1st follow-up:

Following is from announcement today by NORDEA:

In addition, among other things, lender consent will be required for the acquisition of DrillShip Hulls 1837 and 1838, for new cash capital expenditures or commitments and for new acquisitions for cash until the loan has been repaid to below $375.0 million. The waiver agreement Effective Date will not exceed August 12, 2009, at which time the Company expects to be in compliance with the restructured loan covenants.

What I Would Do

David,

You make excellent points. But how about this?

L E A V E T H E M A R K E T S A L O N E!!!

We do not elect the politicians to run business. They do not know anything about making money and the government all over the world are living proof of it.

You want to solve the housing crisis? Let the prices drop till buyers emerge out of woodwork and buy the properties to rent out in a profitable manner. Let the sick banks and businesses go out of business to make room for the new. We did not bailout dot coms!

Let the interest rate raise so people around the world would want to invest in US.


It won't do any harm to this country if all these deadbeat homeowners move in to a rental apartment or a house and hold 3 jobs to pay their debt.

There is no reason for the government to support $5,000 TV, $70,000 Car, $2,000 Coffee machine and a $500,000 second homes.

DryShips: The Time to Buy Is Now

Mark

Do you even know - how BDI is calculated?

Also, do you know anything about shipping business at all? Ever wondered about daily capital cost, Management salaries and perks?

Banks Not Lending Anymore? Simply Untrue

Remember, numbers don’t lie but people do. For some reason too many people seem to want to blame the banks for more than their fair share, and that is saying a lot given that these institutions don’t exactly have impressive operating track records recently.

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When the doomsayers were screaming HOUSING BUBBLE, many many many highly educated and powerful people claimed otherwise showing the numbers. Has anyone held them accountable?

Similar was the case with the oil price at $150 / bbl.

You mean to say that the numbers used by the banks just a year ago were correct and we are now living in a parallel universe with all these losses? Or it is just a media conspiracy and in reality the economy is strong?

Wasn't BoA considered safe bank few months ago?

Our economy depends on TRUST not bailouts. If you take a borrow, you pay it back with interest and on time. It depends on the FICO scores and not on cheerleader.

Will All Shipping Companies Suffer Equally?

As the shipping companies cut the divident to "ZERO" and struggle with cash-flow, the investors and speculators will lose interest in shipping sector, shares of all the publically traded shipping companies will drop below one US dollar. Biggest investors - mutual funds would not be allowed to invest in them (due to share price) which will bring in private equity supported by the management.

Senior management will personally own all the vessels within next 5 years. - management 100 - Share holders - Zero.

It's same old game from 90's.

EU regulators are pursuing a new round of sanctions against Microsoft (MSFT), and may force the software giant to include rival browsers in its Windows software in addition to its Internet Explorer.

How many billions would they want in fines this time? EU commission is not a elected body but has more power than the EU govenment and the judiciary.

It is a good old organized crime syndicate which has robbed the world for centuries. Have they ever fined a European company? SAP may be?

How about forcing Fiat to sell GM cars?

Nordic American Tanker: Excellent Long Play for the Income Investor

Tim:

Nordic American Tanker has a break even of about $10,000 per day per tanker.
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How did you get this number? This is Operating cost number. That does not even include the management salaries, let alone capital costs. If this was such a simple calculation with high margins - why dont they buy all the tankers in the world?

There is very little barriers for entry in ship owning business. Most tanker owners will give you a tall talks about safety and expertise. That is Bull with Big B. Even the individuals in Venezuela and Nigeria own and operate oil tankers. Yes those 2500 ft long. They are mostly crewed by thirld world officers and crews.

China and the Baltic Dry Index - What's Really Going On?

Trader Mark,

With all this excitement about rising BDI, can you please disclose if you are aware of the method to determine (fix) BDI each day!

Is BDI real index like DJ 30 / S&P 500 or it is imaginary index like returns posted by Madoff?

Baltic Dry Index Signaling a Market Bottom?

BDI will make all time high by end of 2009, I will be billionaire and media will compare me to Warren.

If not life will go on for this poor and unemployed!

My Top 10 Market Predictions for 2009

Everything in 2009 will depend on reactions by Chinese Government. Economic crisis at home with population just about getting used to one square meal a day, this experiment with capitalism will be hard to support.

Will the old guard take this opportunity to go back to good ole days or the people will demand democracy and capitalism – it is to be seen!

14 Potential Short Plays

No one offers these lists when the market was high and real analysis was involved. with market going up/down 10% in a day - this is a dart game.