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NeedMoreCoffee

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  • Bill requiring California pension funds to sell coal assets moves forward [View news story]
    It's your prerogative to fire them, just as it's their prerogative to reject your advice; and it's California's prerogative to divest its coal investments for environmental reasons. This is a free country.
    Jun 25, 2015. 02:30 PM | 3 Likes Like |Link to Comment
  • Bill requiring California pension funds to sell coal assets moves forward [View news story]
    For every 2 people moving from California to Texas, 1 is moving from Texas to California, and given California has 40% more people than Texas, it works out to a fairly modest 1.2:1 net migration ratio.
    Jun 24, 2015. 11:11 PM | Likes Like |Link to Comment
  • Bill requiring California pension funds to sell coal assets moves forward [View news story]
    As a portfolio manager, if a client tells you he doesn't want you investing his money in something, do you do it anyway? Isn't it really the investor whose money it is -- in this case the State of California -- that decides? You may disagree with their reasons, but isn't it their call?
    Jun 24, 2015. 10:57 PM | 2 Likes Like |Link to Comment
  • Cheap, abundant nat gas a bigger threat to coal than Obama's regulations [View news story]
    Ben, I think at this point I'll leave it to SA readers to make their judgments about what each of us has written and posted here.
    Jun 16, 2015. 02:25 PM | Likes Like |Link to Comment
  • Don't Get Caught Holding This 'Safe' Stock When The Fed Hikes Rates [View article]
    All well and good, I get that PG's stock price has been inflated by Fed policy, but do you have any better ideas? I'd rather get a 3.5% dividend yield than 0.1% interest on a bank savings account.
    Jun 14, 2015. 11:22 PM | 1 Like Like |Link to Comment
  • Greek Court Suspends Gravity [View article]
    Old German saying: "Ve get too soon oldt undt too late schmart."
    Jun 14, 2015. 11:15 PM | Likes Like |Link to Comment
  • The Incredible Shrinking Budget Deficit [View article]
    Social Security has never missed a pension payment or failed to make one on time. What's the private sector's track record? One corporation after another has run to bankruptcy court to renege their pension obligations and leave their retirees in the lurch. What's Wall Street's track record? Over $100 billion of fines paid to the government in lieu of prosecution for committing serial frauds on a mind-boggling scale, leading to an historic financial crash and a brush with another Great Depression. Given these facts -- and I didn't create these facts, I'm just a lowly citizen who lives with the way things are -- I've come to realize our government is more trustworthy than corporations, banks, or financiers. If that makes me a lefty, so be it. I'm tired of ideologues who can't think for themselves, talk in cliches, and slap labels on other people. I'm neither a liberal nor a conservative, I'm a pragmatist with a complicated thought process who invests a lot of time and effort in self-education, and I want something that works. Social Security does. People who are out to destroy it or turn it into another cash cow for Wall Street thieves to milk dry won't get my vote.
    Jun 14, 2015. 11:05 PM | 1 Like Like |Link to Comment
  • Cheap, abundant nat gas a bigger threat to coal than Obama's regulations [View news story]
    I have as thick a skin as anyone, but I get irritated by (1) factual claims and assertions that simply aren't true, and (2) people peddling their political opinions in an investing blog. Please, everyone, can we just discuss investing? Thanks.
    Jun 14, 2015. 10:53 PM | Likes Like |Link to Comment
  • Greek Court Suspends Gravity [View article]
    Considering that tax evasion is Greece's national sport, it's hardly surprising its government can't meet its legal obligations. Greeks should realize they can't collect their full pensions if half their countrymen don't pay taxes. And only fools lend to such a country or buy its bonds.
    Jun 12, 2015. 09:10 PM | 3 Likes Like |Link to Comment
  • The Incredible Shrinking Budget Deficit [View article]
    "like privatizing social security"

    Entrust my social security benefits to the Wall Street financiers and bankers who gave us the financial crisis? No, thank you.
    Jun 12, 2015. 08:55 PM | 4 Likes Like |Link to Comment
  • Cheap, abundant nat gas a bigger threat to coal than Obama's regulations [View news story]
    Benitus - You're accusing me of racism? Really? Where did you get that from? I'm curious how you extrapolated or inferred that slander from what I've posted here.
    Jun 12, 2015. 10:32 AM | Likes Like |Link to Comment
  • Winners and losers from the egg squeeze [View news story]
    Yes, what if chickens were the dominant species and raised humans in cages to eat for breakfast, how would we want to be treated by our masters? We can eat eggs without torturing chickens.
    Jun 11, 2015. 01:55 PM | 1 Like Like |Link to Comment
  • Cheap, abundant nat gas a bigger threat to coal than Obama's regulations [View news story]
    Obama is the political agent of a movement in this country to ban coal because it's a dirty fuel with numerous adverse impacts on public health and the environment (smog, acid rain, polluted lakes, dying forests, arsenic and mercury in air and ground water, etc.). It's understandable that residents of coal country want to retain the industry and the jobs it provides, but not everyone loves coal as they do. The tradeoff is that getting rid of coal's bad effects costs communities good jobs, so of course whatever decision is made will be controversial. The function of the political process is to resolve such disagreements at the ballot box. Regardless of which side of the argument you're on, the other side isn't evil, they simply have different priorities, and hating them because they disagree with you doesn't get any of us anywhere. I think the criticism of the industry for not managing the oversupply situation better is valid. For what it's worth, I've lost over $10,000 on my investments in Peabody and Arch Coal, but I'm not going to get bent out of shape about a bad investing decision; making mistakes goes with the territory. I stay in the game because my successes outnumber my mistakes. Overall, stock investing has treated me very well.
    Jun 11, 2015. 01:39 PM | 1 Like Like |Link to Comment
  • Cheap, abundant nat gas a bigger threat to coal than Obama's regulations [View news story]
    "All they're interested in is some feigned concern about our environment in order to pad the pockets of their underlings with their EPA initiatives. The EPA isn't working to protect our environment. All they're working for are the foreign producers and competitors of U.S. industry, whom I suspect must be funding their individual retirement benefits."

    Do you also believe that Obama was born in Kenya, faked his birth certificate, is a socialist, and tried to nuke Charleston harbor?
    Jun 11, 2015. 01:29 PM | Likes Like |Link to Comment
  • Cheap, abundant nat gas a bigger threat to coal than Obama's regulations [View news story]
    How does a "National Energy Policy" fit into our market economy? Isn't the whole idea of our economic system based on letting market forces, not government planning, determine what is produced? Under this system, the government's role is to regulate harmful pollution.
    Jun 11, 2015. 01:18 PM | Likes Like |Link to Comment
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