dlaw

http://financialroadtosocialism.blogspot.com/

37 Comments

    • Time To Consider Oil's Homely Cousin, Natural Gas [view article]
      Not just shale.

      Alaska and every oil-producing field there is.

      Transport costs are blocking gas transportation, but a lot of those are one-time fixes. So it's a big potential stock of NG out there.       Sep 05 08:44 PM
    • Job Numbers Don't Freak Out Dollar Bulls [view article]
      And where does this lack of supply come from?

      You think the Fed needs to print more dollars?

       Sep 05 08:41 PM
    • Job Numbers Don't Freak Out Dollar Bulls [view article]
      So what you're saying, Muddling, is that the dollar is going up because the dollar is going up. Sep 05 08:40 PM
    • Of Exports, Gas Prices and the "Job Recession" [view article]
      Ah, there it is: paul.kedrosky.com/

      Sorry, I'm just getting up to speed here.       Sep 05 04:37 PM
    • Of Exports, Gas Prices and the "Job Recession" [view article]
      These are times of change that have people totally confused.

      Where can we find your stuff consistently?

      People are so lost, I've started by odd contribution here:

      financialroadtosociali.../

      I figure I'd start out slowly - just sort of announcing the impending new socialist Revolution.       Sep 05 04:32 PM
    • Time To Consider Oil's Homely Cousin, Natural Gas [view article]
      The reason gas isn't oversold yet is that the bubble hasn't popped.

      Won't for a while.

      It's true that, going forward, gas becomes part of the petro-fuels complex, so that's bullish on gas development, but that doesn't matter now. The price probably has much farther to fall.

      Why?

      financialroadtosociali...       Sep 05 04:15 PM
    • Job Numbers Don't Freak Out Dollar Bulls [view article]
      Dollar bears are in full flight - but how can it be? Debt is high.The balance of payments is terrible. The American economy is headed for trouble.

      It actually makes a lot of sense. See my blog: financialroadtosociali...

      May you live in interesting times.       Sep 05 03:59 PM
    • The $64 Trillion Question: What's the Dollar Really Worth? [view article]
      The military idea is pretty ridiculous.

      There are many places you can go in the world where the American military has never been and will never be and you can buy things there with your dollars.

      Sep 05 01:54 PM
    • The $64 Trillion Question: What's the Dollar Really Worth? [view article]
      Just stop this.

      Commodities and traded currencies were in a bubble. The bubble is popping.

      EUR $1.30 is where we're going at least.

      Get used to it.       Sep 05 01:01 PM
    • Economic Facts: U.S. Economy Is Doing Quite Well [view article]
      Really.

      Yeah, I'm sure having a huge sector of the economy deflate at an unprecedented rate won't have any effect at all.

      Nice thinking, Mr. PHD.

      Vote for McCain.

      I dare you.


      Sep 04 03:16 AM
    • Calculated Risk: Why Merging Fannie/Freddie is 'Dumb' [view article]
      Hating the GSEs when the private banks have TOTALLY failed is ridiculous, and yet it is the preoccupation of the business pages. The problem with Fannie and Freddie is that the managements used anarcho-capitalist politics to argue they should be treated like truly private companies when they are not. They are regulated entities and they should have been regulated more thoroughly.

      The idea that Fannie and Freddie are the problem here is nothing short of insane. Yes, they should have been regulated more. But the proximate cause of Fannie and Freddie's troubles is the fact they took on non-qualifying mortgage debt from originators they mistakenly trusted. Fannie's Alt-A book is the nightmare here because of course Alt-A was nothing more than a scam by originators selling lemon loans that were like used cars with "broken" odometers.

      Thank goodness for the GSEs. Without them our financial system would be in total collapse. We have to recapitalize them and get them going again with better regulation.

      What we really need is a new GSE organized to pool problem mortgage debt into huge tranches so it can find value.       Sep 04 02:52 AM
    • McCain vs. Obama: Who's Better for Taxes? [view article]
      If by "better on taxes" you mean "will borrow and spend vastly more money", then McCain is your guy, obviously.

      The problem is that people like the ones who read this site refuse to hold the Republicans accountable for their insane level of borrowing and spending. Apparently, all the Republicans have to do is tell you they won't raise taxes and they can spend as much money as they want and you won't say a thing. They just pat your little heads and tell you to go back to sleep and dream your "libertarian"... dreams.

      The Republican Congress and the Republican Administration raised DOMESTIC DISCRETIONARY spending faster than the Johnson Administration, and guess what - it wasn't an accident. And John McCain signed onto a few of those budgets, now didn't he. Hmm.





       Sep 04 02:39 AM
    • More Thoughts on Mohamed El-Erian's 'When Markets Collide' [view article]
      The problem with Al-Arian's work and, excuse me, but yours is that you make implicit assumptions about liquidity that are invalid.

      Liquidity is not constant across asset classes, currencies or eras.

      Moreover, while the "reversion trade" mentality usually works in the medium term it fails terribly in the long term. Mr. Al-Arian and his firm are blinkered when it comes to discontinuities.       Sep 03 08:15 PM
    • Decoupling Of Physical Gold And Paper Gold Prices [view article]
      Coins have always sold at a premium to bullion, the bullion premium is little compared to paper.

      Gold is headed to $700 because there is a bubble in all commodities.

      Gold is no better a holder of value than zinc, copper or silver and is inferior to oil, except that all commodities are busting, so gold is crap as well.

      And if gold is money, go to an Apple store and try to buy a PowerBook with it.

      Sep 03 07:42 PM
    • U.S. Dollar Supported by Fundamental Conditions, but Technically Overbought [view article]
      And goldbugs are just crazy.

      Goldbugs, I think you can kiss $800 gold goodbye and welcome $700 gold with open arms.       Sep 03 02:08 PM
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