genco

9 Comments

    • ON: Wed Oct 8th 17:41 PM
      Commented on:
      What Is the Fed Waiting For?
      After having the benefit of hindsight, the coordinated effort on the 8th didn't seem to work either. I'm out of ideas. I hope the smart guys have some more.
      View article »
    • ON: Mon Sep 15th 11:17 AM
      Commented on:
      Demand for Oil Starts to Falter
      I think you've hit it. The US is undergoing a structural change and that includes how we use energy.

      If OPEC puts a $100 floor on oil, the alternatives will continue to be competitive and eventually cheaper. Then it will be oil's turn to compete. GA
      View article »
    • ON: Sun Sep 14th 11:12 AM
      Commented on:
      Last Gasp of a Doomed Currency
      Have you sold this to Hollywood yet.? Maybe Al Gore will star in it. GA
      View article »
    • ON: Tue Aug 19th 09:18 AM
      Commented on:
      Gold and the Dollar: Putting the Relative Cart Before the Relative Horse
      Your premis is correct, however, the currency market is looking forward and relatively, the US should be ahead of the curve. I think you won't get hurt buying the USD now. GA
      View article »
    • ON: Mon Aug 18th 09:12 AM
      Commented on:
      The Euro Bubble
      You got this one right. I'm not sure why it took so long for someone to see the difference between US economics and Euro economis. GA
      View article »
    • ON: Fri Jul 18th 11:17 AM
      Commented on:
      The Oil Bubble Will Meet the Same Fate as Tech, Housing
      BRAVO! Someone else is awake.

      However, it may be too late for oil, as the alternatives have already started the investment amortization process. If the price of oil goes down slowly and keeps the alternatives competitive, oil may have to get cheaper to compete.

      When T. Boone stops hyping oils and starts hyping wind, something is up. GA
      View article »
    • ON: Sat Jun 7th 13:16 PM
      Commented on:
      Is ECB President's Call for a Tightening Cycle a Good Idea?
      Trichet's comment was almost irresponsible. It seems like he was trying to one-up Bernanke. I can't imagne that they would raise interest rates in the face of a slowing economy and rising oil prices.

      The French farmers haven't weighed in yet. That will be fun. GA
      View article »
    • ON: Fri Jun 6th 18:47 PM
      Commented on:
      A Modest Proposal for Rising Oil Prices
      You got it right. If this was a stock the guys from the SEC, who wear leather soled shoes, would be asking for an appointment with these guys. I can't believe that speculators can get away with hyping their position. GA

      On Jun 06 06:22 PM you_can_call ll_me_Al wrote:

      > Jason,
      > I see in Michael Greenberger's testimony to Congress that the "One
      > of the fundamental purposes of futures contracts is to provide price
      > discovery in the 'cash' or 'spot' markets. Those selling or buying
      > commodities in the 'spot' markets rely on futures prices to judge
      > amounts to charge or pay for the delivery of a commodity."
      >
      > Oh my God.
      >
      > How can this be? It goes against every standard of the free markets.
      > Worse, it simply BEGS the Wall Street bastards to steal money from
      > the public. This is worse than when they made Joe Kennedy the first
      > chief of the SEC (lol, talk about letting the fox guard the henhouse).
      >
      >
      > So, let me make sure I get this. GS owns a huge minority (27%?) of
      > the futures contracts in oil. The prices in these contracts are used
      > to "discover" how much oil should cost (insert sound of hand hitting
      > head while vomiting here). These contracts are legally traded on
      > UNREGULATED EXCHANGES(!!!!). GS puts out terrifying press releases
      > about $200 oil, and the price jumps ten bucks in one day.
      >
      > Oh my f***ing God.
      >
      > Man, if this kind of thing is allowed to fly, then we (the public)
      > are completely screwed. God help us all.
      >
      > Ass-rape-in-progress,
      > Al
      >
      View article »
    • ON: Sun May 4th 09:48 AM
      Commented on:
      The Week Ahead: Will the ECB Raise Interest Rates?
      if the ecb raiss rates this week euro land will go into a contaction in about 8 months. the know this. that said, these guys make a career of getting it wrong. should be interesting. G
      View article »
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