punk_ash

Smart Guys on Wall Street: The Trillin Theory

what do you expect an engineer to do when you have your boss's boss's boss's boss's boss is a moron with an MBA. When engineers are looked down upon and morons with who do the deciding are revered.

The Government Sponsored Bubble

sadly, civilizations know of no other way to grow economically, other than by increasing the money supply. For happy days to come back, the money supply must start increasing again...

Is Bond Market Betting Rising Oil Prices Will Check Inflation?

probably its just the traders shifting money between fixed income and equities.

Why the Yen Is About to Devalue

countries will keep devaluing their fiats to compete for trade, and they will all lose value. I have never heard anyone say this, but may be the best buy right now is a material asset with long term use, as in car or machinery. Most real assets will lose value too.

U.S. Still the World's Largest Manufacturer

Its bad, but its not all that bad. We still are the biggest producer of food. We still have the largest store of water and a ton of resources and lots of usable land.

What we need is to get people away from computer screens and acting to real work. That will not happen.

Asset Reflation Does Not Signal Recovery for U.S.'s Collapsed Economy

on one hand you talk about asset reflation as in Gold and then you say we are heading for hyperinflation.

Ugly Jobs Report Puts a Dent in V-Shaped Recovery Scenario

Why do you post same large paragraph on all articles. It is irritating.


On Oct 04 10:04 AM Mad Hedge Fund Trader wrote:

> More than a dent! For the last six months there has been a great
> big whopping contradiction in the markets. The stock market has been
> discounting a return to the “Roaring Twenties,” while the bond market
> has been anticipating another “Great Depression.” After yesterday’s
> publication of the Labor Department’s September nonfarm payroll number
> showing the loss of another 263,000 jobs, it looks like the bond
> market now has the upper hand. This takes the unemployment rate up
> 0.1% to 9.8%, and total job losses for this recession to 7 million.
> The really disturbing aspect of this number is that 57,000 teachers
> were fired, as states chop budgets to the bone. This is really eating
> our seed corn by the bushel full. Of course, I have been banging
> pots and pans, setting off distress flares, and yanking the fire
> alarm, trying to alert readers that this kind of disappointment was
> coming (click here for “Risk Reversals Can Be Such a Bitch” and here
> for “Stocks Offer No Value”). Shares have dropped 5% from last week’s
> peak, as the bond market soared, the ten year yield reaching nosebleed
> territory of 3.05%. The dollar maintained its flight to safety status,
> which to me is one of the great ironies of all time. It’s like that
> reprobate, alcoholic uncle with the bad teeth, who, when your car
> breaks down in the middle of a downpour in a bad neighborhood, will
> always let you crash on his sofa. Let’s call him your Uncle Sam.
> You have to hand it to PIMCO’s inveterate card counter, Bill Gross,
> who says this is all about transitioning to a “new” normal of 1%-2%
> real GDP growth. That’s why he was loading the boat with bond yields
> at 4%, a “ballsey” move at the time, which now smells like roses.
> I guess that’s why they call him the “Bond King.”

Will This Economy Ever Create Job Growth?

Yes, most public companies were once startups. But they focused on American Ingenuity and innovation and not stock options. I was a telecom engineer, and few care about work anymore, its stock options, cash them and run to Bahamas for a vacation or just retire.

On Oct 04 12:29 PM Old Trader wrote:

> punk_ash,
>
> That's probably the narrowest definition of a start up I've ever
> heard! If you're talking about the internet bubble, you're correct,
> for the most part, but any publicly traded company was once a "start
> up" (not too mention all of the privately owned companies).

Will This Economy Ever Create Job Growth?

That was the intent of the start ups. But those start ups turned into hit and run operation. Launch a start up, get some revenue going, sell equity, insiders sell and run. Bag holders trade with each other trying to pinch pennies, while brokers making money on them, the product never showed up. I am glad we have no more start ups popping up.


On Oct 04 08:34 AM User 353732 wrote:

> Jobs, that matter to the middle class, are created by start ups(by
> definition a start must hire at least 1 or 2 people), small businesses
> and useful innovation that creates new supply which creates its own
> demand which generates new revenues and hence, income and jobs.<br/>
>
> The current Regime is manifestly hostile to start ups(entrepreneurs
> are punished and good risk taking is penalized while criminal bubble
> making with tax payer money is glorified); small businesses are financially
> suffocated (systematic and persistent credit starvation and increasingly
> vindictive regulations); useful innovation is stifled(by an addiction,
> to the stultifying status quo of failed business models, incompetent
> managements, ruinous organizational practices and strategically moribund
> industrial and financial corporations ).
>
> This triple hostility ensures that the Structural or Embedded unemployment/underempl...
> rate in the economy will be substantially greater than has been the
> American experience until 2009. Never have so few destroyed so much
> job creating POTENTIAL for so many, so quickly, in American economic
> history.

Will This Economy Ever Create Job Growth?

America has been a place where the best minds innovate and get paid well and support lots of service jobs.

But those jobs are going away since the current generation is only qualified in Law, MBA, marketing, acting, dancing.

Recession Is Over; Depression Has Just Begun

No we will not get the same depression of the 1930s, at least I hope not. We will get a bunch of W W W W and followed by L.

Emerging Markets on a Tear: Avoid the Indian Stampede

there are ponzi schemes all over the world and India is no exception.

Is India a Benchmark Bet on the Global Economy?

I am visiting India. I feel that living in US is cheaper than living in India. There is too much inflation. There is so much demand for the real estate that the bubble may not burst for decades.

If every one in India gets to the standard of life as the west, Earth will start shining like the Sun with all the heat produced from the fossil fuels.

One thing just keeps working for India is the population and the pyramid as in more young people than the old, other than that, the whole environment is just bad.

China and India: Canaries in the Coal Mine?

I am writing from India and no one cares about exports. There is so much internal consumption like there is no tomorrow.

Alan Greenspan Has Learned Nothing

Steve Jobs is a genius. Greenspan is some guy who was in the right place at the right time.