genco

Predictions for 2009: Who Will Be the Winners and Losers?

I agree with the CNBC comment, however, viewers should watch it for the real-time quotes and keep the sound on mute. These commentators have the potential to do a lot of harm to the average person watching. They should turn the sound on when it's Santelli's turn to talk. GA

Three Reasons Why the Dollar's Not Yet Done

No lambasting from me. I think you've hit it. I have another reason though. I times of economic down turns I would bet against the ECB, and the BOE every time. They haven't disappointed once in the last 20 years. GA

Will the U.S. Make Money on the Bailout?

I can't help but disagree. This bailout is the 'mother of all vulture funds.' Has anyone noticed the spreads (250+) that the Fed is getting on the 28, 56 and 84 days loans they make. They do this a few times per week. Also, please take note that the paper the treasury is issuing to do this matures before the fiscal year end. This is for openers.

When they start buying mortgages it will only get better. The government may not be able to mess this one up. This is a deficit reduction package in the long run.

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.

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

Last Gasp of a Doomed Currency

Have you sold this to Hollywood yet.? Maybe Al Gore will star in it. GA

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

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

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

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

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
>

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