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Walter P. Chrysler

Walter P. Chrysler
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  • Do Bitcoins Pose A Threat To PayPal, Visa And Mastercard? [View article]
    thanks for the recap Mike. up to an over 600 bucks today. this is a highly capital intensive industry so i wouldn't underestimate the possibility for a "monopoly effect" here. i think the best way to play this is through the electrical utility industry because "bit coin mining" is hugely expensive when it comes to using electricity. if the price does collapse again that should "distribute" the "network" more making for a greater security service for the "bit coin universe." be interesting to see if this thing is for real actually. seems prima facie ridiculous of course...
    Nov 18 10:44 PM | Likes Like |Link to Comment
  • Demand For Natural Gas Supports Oil And Gas Majors To Invest In FLNG [View article]
    600,000 ton displacement. easily the biggest man-made object designed to be on the Ocean and capable of movement. "hope for calm seas" as well. i've heard Chevron has had some huge cost over-runs on the Gorgon. http://bit.ly/1aCBhqv 52 billion sounds pretty steep to me.
    Nov 18 10:19 PM | Likes Like |Link to Comment
  • Chinese Bank Liquidity Crunch: Why And How [View article]
    interesting that bitcoin is taking off in China big time. "States and Banking" are not usually two things that get along too well.
    Nov 18 10:07 PM | Likes Like |Link to Comment
  • Tesla: Learn From The Mess [View article]
    could be a cue to a market sell off in general. interesting that the vix hasn't really done all that much. commodities including gold got smashed today. not like production of the "auto-mobile" is going to get anymore expensive resource wise. Nissan is proof that battery electric vehicles are here and here to stay. i still think of Tesla as a network company that happens to be building a car around its drive technology. we'll see if as the equity price falls (and Elon Musk made a big mistake in commenting on his company's stock price...the only comment is "no comment"...or at best "the price is the price"...certainly not "i think it's over-valued.") more "network" starts getting built or not. solar city got crushed today as well.
    Nov 18 10:03 PM | 1 Like Like |Link to Comment
  • Yes Mrs. Yellen, QE Is Creating An Asset Bubble [View article]
    "not all assets are created equal." equity valuation 101. "some are working assets that generate tremendous amounts free cash flow. some are like utilities...simply "there" as it were "throwing off dividends for life."" in other words it pays to do your homework here. there's a lot of money sloshing around right now..."chasing valuation?" "chasing return?" "chasing yield?" well...take a look at the asset base first. a good place to begin is "is it publicly traded?" and go from there.
    Nov 18 07:53 PM | 1 Like Like |Link to Comment
  • Yes Mrs. Yellen, QE Is Creating An Asset Bubble [View article]
    historically speaking deflations in the West are far worse than anything even remotely considered even possible in the rest of the world. the USA alone has had three truly epic ones...and only one successful rescue (the Knickerbocker Crisis.) We now must add a forth "but with a twist" (as this author studiously avoided.) in other words the common assumption vis a vis the Great Depression is that "the Fed did the wrong thing." (ala Europe today.) relative to Japan "they did the right thing but timed it wrong." this time around supposedly "we have timed it right and are just dealing with the inevitability that there would be deflation no matter what." in other words stocks aren't in a bubble per se but could be severely over-extended here. (Tesla is down 40%!) I still like equities as an asset class (Buffet did just buy 30 million shares of XOM!) and i can think of a lot of companies that look terrific right here, right now. (ETR is still my number one pick.) but when i look at this http://bit.ly/I21csV it's hard for me not to say "tremendous valuation issues." by 2015 the widening of the Panama Canal will have been completed. This will have a dramatic impact on trade flows both globally and within the USA, Canada and Mexico as well. (the NAFTA zone.) we've had scarcely little recovery with all this QE...and now everyone is buying transports? railroads look good...even great actually. they move goods in truly stupendous quantities over vast distances...or even short distances...and VERY efficiently. ("steel wheels" as they say.) once combined with "super max container shipping" from East Asia and internal "trade flows" could very much be disrupted here. the USA also has a vast system of barges, dams, and "air fields" along with a company called "Amazon.com" who's business model involves you (or your "self driving automobile") driving to the "Super Store" to pick up your goods. in other words you need to factor "trade flow disruption" into your financial calculations in spite of the fact...indeed i would argue because of the fact that credit is widely available, cheap and affordable and assets have indeed inflated tremendously here.
    Nov 18 07:38 PM | Likes Like |Link to Comment
  • Forex: Macro Musings [View article]
    again..."all eyes on bitcoin."
    Nov 18 02:28 AM | Likes Like |Link to Comment
  • The Coming Week: The Biggest Story, Biggest Threat, Yet Least Covered [View article]
    all eyes on "bitcoin."
    Nov 18 02:23 AM | Likes Like |Link to Comment
  • Another Reason To Suspect The Economy Is Improving [View article]
    north Dakota is growing 12 percent a year...double the rate of China's "state driven approach." those who stood idly buy "building dollar by dollar" have missed the biggest bull market and energy boom in history. my understanding is that those Americans who actually have any savings right now are increasing it dramatically actually. one more reason to be cautious.
    Nov 17 02:51 PM | Likes Like |Link to Comment
  • Another Reason To Suspect The Economy Is Improving [View article]
    all great points. A++++++. the collapse of the ACA and suddenly ADDING millions of uninsured to the USA economy is a big time downer in the immediate term. policy failures on this scale have economic consequences. (meaning bad economic consequences.) do not be fooled by the "man up" thesis being bandied about these days. i'm a big time bull but remember...the job of Wall Street and their media is to sell you something...not sell you something you want to own. "QE has returned...with a vengeance." that is not policy success.
    Nov 17 02:48 PM | 1 Like Like |Link to Comment
  • Weighing The Week Ahead: Can Investors Think Beyond The Bubble Machine? [View article]
    i agree...great article as usual. no comment on the education bubble? this is a staggering amount of debt that is now coming due and is having dramatic and dramatically negative consequences for growth in the immediate term. baby boomers have for all intents and purposes "been retired." as such they will be moving/moved in the safety trade of treasuries. huge equity moves such as we have had require the buying of non-correlated assets to compensate for the inherent risk. there is only one that i see and that asset is treasuries. the "insane clown posse" running around saying "buy Google" have been warned. don't get me wrong...great company if not one of the greatest ever...but that doesn't mean "buy at any price." analysis for all intents and purposes has ceased to exist as rank speculation and "back of the napkin" math takes charge. fantastic market...indeed "fantastical" in a way. don't be fooled however...lions are not pets.
    Nov 17 02:42 PM | 2 Likes Like |Link to Comment
  • Buffett Steps On The Gas And Buys Exxon [View article]
    I think ETR is a better play although post Japan no one wants to go near the industry. XOM has finally increased production rather than running around screaming "peak oil" like all their buddies on the left wing lunatic fringe. this made them lazy and...this being America...they've been annihilated by an entire Army of "new age oil men." don't even get me started on natural gas which i think is heading to a buck from the current four. good luck competing with coal as well...which is by far the cheapest fuel source on the planet. with coal fired electricity now going the way of the do-do bird things are finally starting to heat up around here. i do agree the widening of the Panama Canal could have a dramatic impact on commodity prices in the USA and provide significant support for pricing. i'm bullish on the market as consequence...but not right here and not right now. China also produces one billion tons of coal a year and those ships can flow in two directions. their deployment of wind power has truly been an awesome display of State power. don't even get me started on hydro power which apparently is about the make a big comeback in the USA. that's base load power "to be used at any time."
    Nov 17 02:35 PM | 1 Like Like |Link to Comment
  • Tesla Cars Are Not An Environmental Abomination [View article]
    again..."carbon bubble." http://bit.ly/18GJuGW
    Nov 17 02:22 PM | Likes Like |Link to Comment
  • Tesla Cars Are Not An Environmental Abomination [View article]
    the USA relies (relied) on coal because we have so much of it. we produce one billion tons of it. the problem since the 2008 collapse has been a collapse in demand for energy...this will never recovery. we produce more fuel in the USA than ever in history and consume less than we did in 1996. only now are prices starting to buckle. eventually they will break and totally collapse in my view...but we'll see. don't be fooled by America's "massive dependence on coal." this is the largest deployer of alternative energy on the planet the cost for putting in solar has literally capped electrical rates for the forseeable future. Elon Musk is not just tesla's but "solar cities" as well. the USA also has a massive nuclear fleet...easily the biggest in the world. these businesses have not done very well in spite of the best regulatory environment for them since the 50's. electricity rates are starting to approach "dirt cheap status" within the USA.
    Nov 17 02:13 PM | 1 Like Like |Link to Comment
  • Tesla Cars Are Not An Environmental Abomination [View article]
    i think this is a huge deal as well. eventually there will be a standardized architecture for these lithium/ion batteries.
    Nov 17 02:05 PM | Likes Like |Link to Comment
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