adenovir's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/183841/comments http://seekingalpha.com/article/147179-spectrum-fda-news-on-zevalin-equals-an-approval?source=feed#comment-578196 578196 Tue, 07 Jul 2009 21:52:43 -0400 http://seekingalpha.com/article/147073-the-limits-of-economic-policy?source=feed#comment-575246 575246
After a while, Obama started to be a bit more optimistic to avoid being labeled a doom'er and gloom'er by the Kudlows of the world.

Obviously, our economy remains in the toilet. Obama knows it but also knows that a little hope can go a long way. The only recovery that we've seen is a bit of stimulus, massive govt guarantees on credit to keep things moving a bit and a maxing out of the rate of decline (terminal velocity).

Biden, with his chronic foot-in-mouth disease was trying his best to explain the strategy that they have pursued.

Bottom line: there has a been a lot of talk, a little action and we continue to slide. Nothing anyone can do will make a huge difference at this point, the only hope is to spin it so that the blame doesn't get pinned on you.


On Jul 06 07:08 AM Michael Young wrote:

> "Vice President, Biden, misread the economy". Too true but also,
> I misread how intelligent the kings of Wall Street were. I knew the
> box-tickers in government were pretty stupid, That's a given. But
> I thought there was enough intellectual substance in Wall Street
> (and London etc) to avoid a systematic collapse in the financial
> and banking sector.
>
> I am as guilty as Joe Biden. He knew the economy as well as I understood
> Wall Street's level of intelligence - not well enough.
>
> I humbly suggest I am not alone.]]> Mon, 06 Jul 2009 07:17:30 -0400
After a while, Obama started to be a bit more optimistic to avoid being labeled a doom'er and gloom'er by the Kudlows of the world.

Obviously, our economy remains in the toilet. Obama knows it but also knows that a little hope can go a long way. The only recovery that we've seen is a bit of stimulus, massive govt guarantees on credit to keep things moving a bit and a maxing out of the rate of decline (terminal velocity).

Biden, with his chronic foot-in-mouth disease was trying his best to explain the strategy that they have pursued.

Bottom line: there has a been a lot of talk, a little action and we continue to slide. Nothing anyone can do will make a huge difference at this point, the only hope is to spin it so that the blame doesn't get pinned on you.


On Jul 06 07:08 AM Michael Young wrote:

> "Vice President, Biden, misread the economy". Too true but also,
> I misread how intelligent the kings of Wall Street were. I knew the
> box-tickers in government were pretty stupid, That's a given. But
> I thought there was enough intellectual substance in Wall Street
> (and London etc) to avoid a systematic collapse in the financial
> and banking sector.
>
> I am as guilty as Joe Biden. He knew the economy as well as I understood
> Wall Street's level of intelligence - not well enough.
>
> I humbly suggest I am not alone.]]> http://seekingalpha.com/article/143425-fda-calendar-18-hot-summer-trades?source=feed#comment-573365 573365 Fri, 03 Jul 2009 14:34:29 -0400 http://seekingalpha.com/article/141176-bill-gross-on-staying-rich-as-u-s-fortunes-decline?source=feed#comment-532907 532907 Thu, 04 Jun 2009 22:57:33 -0400 http://seekingalpha.com/article/137878-extending-medicare-medical-and-national-suicide?source=feed#comment-504939 504939
Do you think that all the "charity care" currently being provided by hospitals and doctors to the uninsured/underinsured is free? Who do you think is paying for that?

We are all paying for it indirectly through higher fees when we seek care. Wonder why it costs a quarter of million for a hip replacement? You are paying for your hip and the hip of someone else who is uninsured.

We need mandatory basic coverage for all Americans. Let's get the hidden costs of charity care on the table. That's the only way we're going to control health care costs.

We already do the same thing with auto insurance. Why should health care be any different. If someone "saves" money by not getting health insurance, they are stealing your money when they go the ER for care and don't pay.
]]> Fri, 15 May 2009 08:27:10 -0400
Do you think that all the "charity care" currently being provided by hospitals and doctors to the uninsured/underinsured is free? Who do you think is paying for that?

We are all paying for it indirectly through higher fees when we seek care. Wonder why it costs a quarter of million for a hip replacement? You are paying for your hip and the hip of someone else who is uninsured.

We need mandatory basic coverage for all Americans. Let's get the hidden costs of charity care on the table. That's the only way we're going to control health care costs.

We already do the same thing with auto insurance. Why should health care be any different. If someone "saves" money by not getting health insurance, they are stealing your money when they go the ER for care and don't pay.
]]> http://seekingalpha.com/article/116227-protectionism-by-any-other-name?source=feed#comment-365860 365860 Sun, 25 Jan 2009 16:14:53 -0500 http://seekingalpha.com/article/115328-orwellian-finance-is-1984-happening-in-2009?source=feed#comment-359609 359609 Mon, 19 Jan 2009 08:36:25 -0500 http://seekingalpha.com/article/94088-obama-s-windfall-profits-proposal-is-dangerous?source=feed#comment-246049 246049
The only tax policy that will help our energy problem is to raise taxes that the consumer pays for energy. This will reduce use and encourage conservation. Of course, no politician who wants to keep their job will propose this.

buyitcheap - where did you find that tax proposal for taxing dividends in an IRA/401K?]]> Fri, 05 Sep 2008 08:25:11 -0400
The only tax policy that will help our energy problem is to raise taxes that the consumer pays for energy. This will reduce use and encourage conservation. Of course, no politician who wants to keep their job will propose this.

buyitcheap - where did you find that tax proposal for taxing dividends in an IRA/401K?]]> http://seekingalpha.com/article/82206-oil-bubble-breaking-barron-s-outlines-the-case-but-the-argument-is-weak?source=feed#comment-190068 190068
What if we forced oil companies to sell gas at prices reflecting $40-$80/barrel oil as he suggests?

They would shut their doors and then we would see shortages like we've never seen before. Why would they want to pay $100+/barrel and sell at less than cost. They would open up stores in China and India and sell there instead.

In fact, that's what's happening. Even without price controls, Exxon-Mobil has decided that selling gas in this country is not a worthwhile endeavor. They are in the process of closing their stations.

People are always looking for a scapegoat when things aren't going well. Why not blame the "evil speculators"?

Every crude oil futures contract that is bought by a speculator will expire. When it expires, someone will have to pay cash and take delivery of the oil the contract controls. I don't know of any speculators that have been hoarding oil in their basement that they bought with a futures contract. The only parties taking delivery are the refiners who can actually use the stuff. If they went on a buying strike, that would drive the price down, but since we (as a country and the world) continue to demand their refined products at ever increasing rates, they will continue to pay whatever they need to pay to get their crude oil.

The bottom line is that we are producing oil as fast as we can and demand is pushing the limits of the supply, driving up prices. The price may fluctuate in the short term due to traders, but the only way to get a real reduction in the price of oil is to increase supply or reduce demand.]]> Sun, 22 Jun 2008 09:44:17 -0400
What if we forced oil companies to sell gas at prices reflecting $40-$80/barrel oil as he suggests?

They would shut their doors and then we would see shortages like we've never seen before. Why would they want to pay $100+/barrel and sell at less than cost. They would open up stores in China and India and sell there instead.

In fact, that's what's happening. Even without price controls, Exxon-Mobil has decided that selling gas in this country is not a worthwhile endeavor. They are in the process of closing their stations.

People are always looking for a scapegoat when things aren't going well. Why not blame the "evil speculators"?

Every crude oil futures contract that is bought by a speculator will expire. When it expires, someone will have to pay cash and take delivery of the oil the contract controls. I don't know of any speculators that have been hoarding oil in their basement that they bought with a futures contract. The only parties taking delivery are the refiners who can actually use the stuff. If they went on a buying strike, that would drive the price down, but since we (as a country and the world) continue to demand their refined products at ever increasing rates, they will continue to pay whatever they need to pay to get their crude oil.

The bottom line is that we are producing oil as fast as we can and demand is pushing the limits of the supply, driving up prices. The price may fluctuate in the short term due to traders, but the only way to get a real reduction in the price of oil is to increase supply or reduce demand.]]> http://seekingalpha.com/article/80489-discovery-labs-panic-at-the-dsco?source=feed#comment-181138 181138
As far as the drug goes, I think it's very unlikely that anything significant will happen until after options expiration in June. Most likely we will get a class 1 review from the FDA which gives them 60 days to make their decision. That puts it somewhere in August.

This drug will get approved. The efficacy data is convincing, safety issues have been resolved, and manufacturing issues are the last thing to go. Whether DSCO does it on their own, with a partner, or gets bought out is still an open question.

Full disclosure: Long DSCO stock.]]> Sun, 08 Jun 2008 07:19:53 -0400
As far as the drug goes, I think it's very unlikely that anything significant will happen until after options expiration in June. Most likely we will get a class 1 review from the FDA which gives them 60 days to make their decision. That puts it somewhere in August.

This drug will get approved. The efficacy data is convincing, safety issues have been resolved, and manufacturing issues are the last thing to go. Whether DSCO does it on their own, with a partner, or gets bought out is still an open question.

Full disclosure: Long DSCO stock.]]> http://seekingalpha.com/article/74108-implied-volatility-suggests-financials-risk-is-at-six-month-low?source=feed#comment-157136 157136 Sat, 26 Apr 2008 12:53:34 -0400