I would find myself much the same as when I spoke last month, except that I have rebalanced much out of fear cash equivalents into 50/25 25 chf usd/cad cash equivalents. Also, a net seller mdoef @7.95 limit out a few weeks ago, seller prgn a few weeks ago. I feel what you speak of now is exceptionally pertinent. I am a holdout for ECA where it is or less. These are interesting times. As always I respect your thoughts and opinions. Watching IVZ, CBOE, and ECA, holding pvx, ed, fnfg, aa, intc, ge, phys AG, and land. Watching sirloin steak prices at the supermarket, I remember 2.69/lb in 3/09 currently 3.88/lb spiked 4.88/lb in april '10. I am a watcher of grains, Just BS'ing but OCT is my bet for short on grains though could change.
BTW, do you care to comment on your take on the pace oil spinoff shares. I'm still conflicted as to what I want to do with mine, I'm kind of a pack rat so I tend to keep things, but, I'm not wild about owning pure E&P in this environment. Part of me wants to sell and roll proceed back into pvx now that it is progressing with a more stable toll road model. I understand if this is too forward a question.
I feel the same way. I am a bull in my 30's so I try to look far into the future for my ideas, but, that statement definitely lets some wind out of the sails. I can't believe there isn't more nabob chatter on that statement. I believe fear is a quantation of the unknown and the defender of monetary policy just said 'I don't know.' I continue w/my current strategy: long quality defensive dividend stocks, a land position with salable timber, and a silver position. Well out of the money leap put sales on stuff I'd really like to own then rolling proceed and cash to cover into long datum TIPS, well out of the money leap call sales on my positions to the point I would be ecstatic if someone called away at those prices treating that income like a bonus dividend. Buy and sell closing option positions if/when they move well in my favor or holding to maturity if well out of my favor. Cash equivalents held for a source of liquidity are diversified 50/50 USD/CAD. Increasing cash position for anticipated buying opportunites.
Income Investors Should Be Buying Equities [View article]
I agree with the sentiment of this article. Too often I read stuff where bears are bearish the dollar and stocks at the same time. Stocks are denominated in dollars, this has been my strategy throughout, imho quality companies with quality dividends beat shiny bits of metal in the 20-30yr long run. This is not to say I'm not long a little shiny metal.
After three years of declines, uranium's rebounding as "insatiable" China's buying more than twice as much uranium as it consumes - building stockpiles (along with India) for a huge nuclear energy expansion. The demand jump should benefit leading miner Cameco (CCJ +2.3%) and top reactor builder Areva (ARVCF.PK). [View news story]
Areva's chief had a nice interview on charlie rose a couple days ago.
Niall Ferguson reiterates his worry over an "inevitable" U.S. debt crisis, but he says the "big mystery" right now is why the Fed is so "inactive" in the face of potential deflation and a contraction of money supply. This represents a grave danger, he says, and it's shocking that Bernanke hasn't already begun more aggressive quantitative easing. [View news story]
Man, I gotta get back to work, but, to add 2 more cents. What I think we are going through now is much like one these X-games skateboard tricks. See we have gone through the keynesian portion of our trick and now comes the very difficult and technical portion of our trick where we transition into a more austrian state of mind. It will be tough because first we need to start talking(jawboning) about it. The reaction will help us get a bearing of what the globe can take. Too bold of a 'shore up' will crash us, and continuing down this road of QE will result in cheeseburger induced atherosclerosis vis a vis heart attack. If the classics and the romantics can work together (or at least gridlock so nothing extreme happens)we will get out of this mess. If we can't play nice expect misery. Note to the EU: misery brings about extremism(fascism) imho misery is not only caused by hyperinflation, but, I would argue hyperdeflation as well. And note to germany: nobody will want your euro's if a wacko is elected in one the countries in your club.
Niall Ferguson reiterates his worry over an "inevitable" U.S. debt crisis, but he says the "big mystery" right now is why the Fed is so "inactive" in the face of potential deflation and a contraction of money supply. This represents a grave danger, he says, and it's shocking that Bernanke hasn't already begun more aggressive quantitative easing. [View news story]
It may not be added to the circulating supply of money, but, it is added to your balance sheet. Imho much like a stock issuance. The way I see it the dollar in your pocket is one share of the USA, what happens to your share equity every time there is a monster stock issuance? Don't get me wrong, I have believed in taking extreme measures to get the machinery moving again, because the only way you pay it back is if the system starts working again.
Niall Ferguson reiterates his worry over an "inevitable" U.S. debt crisis, but he says the "big mystery" right now is why the Fed is so "inactive" in the face of potential deflation and a contraction of money supply. This represents a grave danger, he says, and it's shocking that Bernanke hasn't already begun more aggressive quantitative easing. [View news story]
Hitbyatruck
btw, I don't think the world is ending either(though it may be). But Ferguson does and that would be fine except that he has cultivated a fine living out of his viewpoint so now he's married to it. Kinda like 'The Eagles' I bet they wanna throw up every time they sing 'Hotel California' but it butters the bread so keep doing it.
Niall Ferguson reiterates his worry over an "inevitable" U.S. debt crisis, but he says the "big mystery" right now is why the Fed is so "inactive" in the face of potential deflation and a contraction of money supply. This represents a grave danger, he says, and it's shocking that Bernanke hasn't already begun more aggressive quantitative easing. [View news story]
QE-central bank purchasing debts(public or private)with money created out of thin air... hmmm?
Niall Ferguson reiterates his worry over an "inevitable" U.S. debt crisis, but he says the "big mystery" right now is why the Fed is so "inactive" in the face of potential deflation and a contraction of money supply. This represents a grave danger, he says, and it's shocking that Bernanke hasn't already begun more aggressive quantitative easing. [View news story]
I love it, this guy starts out talking about debt risk. This week it is deflation risk and why isn't Big B doing more QE(borrowing/printing). I wonder if you locked this guy in a room if he would sart complaining about himself. This guy is Mises one minute and Krugman the next.
Stealth Stagflation? [View article]
Thanks for the article,
I would find myself much the same as when I spoke last month, except that I have rebalanced much out of fear cash equivalents into 50/25 25 chf usd/cad cash equivalents. Also, a net seller mdoef @7.95 limit out a few weeks ago, seller prgn a few weeks ago. I feel what you speak of now is exceptionally pertinent. I am a holdout for ECA where it is or less. These are interesting times. As always I respect your thoughts and opinions. Watching IVZ, CBOE, and ECA, holding pvx, ed, fnfg, aa, intc, ge, phys AG, and land. Watching sirloin steak prices at the supermarket, I remember 2.69/lb in 3/09 currently 3.88/lb spiked 4.88/lb in april '10. I am a watcher of grains, Just BS'ing but OCT is my bet for short on grains though could change.
8 Dividend Stocks Delivering Good News [View article]
Preparing for the Likely Scenario of Deflation [View article]
Bernanke's Not Alone [View instapost]
Thanks for the input, I really appreciate and respect your thoughtful posts on this site.
Bernanke's Not Alone [View instapost]
BTW, do you care to comment on your take on the pace oil spinoff shares. I'm still conflicted as to what I want to do with mine, I'm kind of a pack rat so I tend to keep things, but, I'm not wild about owning pure E&P in this environment. Part of me wants to sell and roll proceed back into pvx now that it is progressing with a more stable toll road model. I understand if this is too forward a question.
Regards,
svosavvy
Bernanke's Not Alone [View instapost]
China Surpassing U.S. as Largest Energy Consumer Is the Story of the Past Decade [View article]
Income Investors Should Be Buying Equities [View article]
Alcoa (AA): Q2 EPS of $0.13 beats by $0.01. Revenue of $5.2B (+22.2%) vs. $5B. (PR) [View news story]
After three years of declines, uranium's rebounding as "insatiable" China's buying more than twice as much uranium as it consumes - building stockpiles (along with India) for a huge nuclear energy expansion. The demand jump should benefit leading miner Cameco (CCJ +2.3%) and top reactor builder Areva (ARVCF.PK). [View news story]
Niall Ferguson reiterates his worry over an "inevitable" U.S. debt crisis, but he says the "big mystery" right now is why the Fed is so "inactive" in the face of potential deflation and a contraction of money supply. This represents a grave danger, he says, and it's shocking that Bernanke hasn't already begun more aggressive quantitative easing. [View news story]
Niall Ferguson reiterates his worry over an "inevitable" U.S. debt crisis, but he says the "big mystery" right now is why the Fed is so "inactive" in the face of potential deflation and a contraction of money supply. This represents a grave danger, he says, and it's shocking that Bernanke hasn't already begun more aggressive quantitative easing. [View news story]
Niall Ferguson reiterates his worry over an "inevitable" U.S. debt crisis, but he says the "big mystery" right now is why the Fed is so "inactive" in the face of potential deflation and a contraction of money supply. This represents a grave danger, he says, and it's shocking that Bernanke hasn't already begun more aggressive quantitative easing. [View news story]
btw, I don't think the world is ending either(though it may be). But Ferguson does and that would be fine except that he has cultivated a fine living out of his viewpoint so now he's married to it. Kinda like 'The Eagles' I bet they wanna throw up every time they sing 'Hotel California' but it butters the bread so keep doing it.
Niall Ferguson reiterates his worry over an "inevitable" U.S. debt crisis, but he says the "big mystery" right now is why the Fed is so "inactive" in the face of potential deflation and a contraction of money supply. This represents a grave danger, he says, and it's shocking that Bernanke hasn't already begun more aggressive quantitative easing. [View news story]
Niall Ferguson reiterates his worry over an "inevitable" U.S. debt crisis, but he says the "big mystery" right now is why the Fed is so "inactive" in the face of potential deflation and a contraction of money supply. This represents a grave danger, he says, and it's shocking that Bernanke hasn't already begun more aggressive quantitative easing. [View news story]