Mcgyver

The U.S. on the Precipice

It has been said "the people get the type of Government they deserve". A survey of the US Congress bears this out as it is filled with a group of mostly ignorant and self-serving group of individuals. Partisan and personal agendas have taken the place of serving the people. The notion that a President can save the economy or destroy the economy is absurd. The US Congress makes our laws and controls our spending. This was true during the Clinton years and it is true during the Bush years. The President must have the approval of Congress. The lawmakers that control the spending of the largest Governmental capital budget in the world have no clue how economics work, especially the Federal Banking Committee. A number of commentators mentioned SS. Come on there is no SS, the government stole that during the Lyndon Johnson administration when the trust fund was made part of the general fund. A review of SS accounts receivable will reveal a pile of junk bonds, congressional IOU's that will never be paid. Our Government put people like Boesky and Milliken in jail for doing exactly what the Congress has been doing for decades.
The US Congress definition of a balanced budget means they took in enough money to pay SS benefits for that year, the trillions that already been stolen, which they label the "National Debt", is some nebulous number to them that really does not matter. The alleged being in the black that occurred during the Clinton administration was based on projected tax revenues that actually did not materialize as the NAZDAQ tanked.
There is much to fear as the Government bails out failed Institutions with money that does not exist and must be borrowed. They have not asked the permission of the people of America who will now be burdened with the bill for generations for a massive mis-management on a global scale.
Ultimately, as I alluded to, it is the American Voter who bears responsibility for not taking the time to look closely at candidates and put responsible people in Congress. Government at the local level is the most important decision but most people only vote in Presidential years and then along party lines. I believe we are in the most serious economic crisis in our history we do not have the right people in place that can manage this crisis.

Potash Corp. Update: Time To Buy?

Tim Plaehn said the same thing prior to the second quarter and was wrong, shareholders received 75% of the distributable cash or $3.63 a share. Its based on a fixed sliding scale that is published. Even in the scenerio where 50.5% of the distributable cash is payed to shareholders its still damn good, higher than TRA. TNH's float is very small which makes it very volatile. I believe it is still a better play then POT, MOS or AGU.

Two Chinese Stocks Showing Opportunity

Mr. Petti obviously knows nothing about about company valuation or things like future growth. He certainly did not do any homework on ACH. For example the own what may be the largest copper deposit on the planet, the Toramacho Project in Peru, which they are developing.They own 12% of BHP and are looking to grab more and I could go on.
Aluminum production is only part of what they do. The driving force for investors is future growth and in that ACH, who is emerging from plant closings due to the worst Chinese winter on record, is poised to explode.