HarryHope

More Money Printing and Las Vegas Sands' Macau IPO

I must be missing something. If LVS raises money through its Macao IPO, isn't it effectively selling a part of it's Macau operations? How does that really make LVS stronger? It would seem it enables LVS to avoid a problem with its debt but at a cost of divesting itself of a valuable asset.

Wynn's CEO Starts Cashing Out

I do not understand the Macau subsidiary public offering. It was greeted with a rally in the WYNN stock price because WYNN did not have to sell WYNN shares and dilute. But a separate pubic offering seems to me to be selling off part of the company to fund itself. Why was that good for WYNN?

On VIX, Oil, BRICS and Sterling's Sell-Appeal

Ashraf

Love your book and enjoying reading you daily but I just cannot understand the following statement:

The charts below show $74.59 on oil and 23.00 on the VIX both mark their respective 200-week moving averages, thereby, serving as the underpinnings of any limitations in prolonged risk appetite.

Could possibly explain? Sorry to be dense on this.

Doug

Starting Short Positions in Eaton, Wynn Resorts and Capital One Financial

Mark

I see WYNN is up 13+% today after beating lowered expectations for earnings but not meeting lowered expectations for revenue. Clearly not a sustainable way to run a business especially when earnings and revenue are down YOY..

I wonder if there is any pattern days/weeks/months after for firms beating lowered earnings through cost cutting and not meeting lowered revenues. Seems to me after such earning reports lots of folks buy simply because they know lots will buy with only a minority actually believing this is a good thing for the company.

Socialized Medicine Is Coming

Why not study how Continental Europe provides superior healthcare (based on outcomes) for as little as half the US cost? Automated fixed price payment eliminates most of the MD overhead of secretarial staff employed to deal with HMO demands. GPs providing treatment as directed by specialists. Pills are by the box so one does not pay a highly educated expensive pharmacist to count pills all day, and so on. There are many other savings in the Continental system. Worth a look.

There are no government bureaucrats telling MDs what and how they can treat as HMOs do in the US. The US medical treatment is a captive of special interests many of which make money at the expense of quality care.

As to tort reform. It's simple. Let juries determine liability and judges award damages. Judges are very fiscally conservative. End of speculative litigation. End of ridiculous awards. That observation is based on 30+ years of Federal trial experience (not torts).

Summers on Regulation: What Larry Left Out

Too true but let's not forget as Treasury Secretary in 1999 Summers played a decisive role in pushing through the repeal of the Glass Steagall Act of 1933 that was instituted to guard against just the kind of banking abuses taxpayers now are having to bail out.

The guy has a track record of economic failure starting from when he was as advisor to Reagan.

The Inundation of Debt and Its Toll on Our Economy

But what about the deflation that is being reported around the world including the US? Isn't that a potential bonanza for the Chinese and a nightmare for the Fed and Treasury?

Value of cash goes up. Wouldn't that pull rates down?

Isn't that the opposite of inflating one's debts away?

U.S. Future in Coal Burns Bright

When I chart KOL and USO over 5 years, they pretty much trade in sync. Historically lower oil means lower coal not the reverse as this article claims.

A slowing global economy is likely to cause reduced commodity demand and that means lower coal as well as oil.

The Dodd Days of August

The homeowners don't need help other than postage to mail in their keys. Then they can rent a comparable home for as little as half as much they're paying for their mortgages. It's the banks that need help to get them out from under the mess they've made to create wealth for themselves. It's the banks, that will end up with the taxpayers' money while the homeowners continue to go upside down as home prices revert to mean; i.e. affordability at 2.5 family income. Long way to go and taxpayers will end up on hook.

Dodd is his father's son.

Why the Housing Bill Won't Help the Housing Market

The housing bailout is a sham. Homeowners under water can mail in the keys and rent for less. The banks are wringing their hands over folks losing their homes like they will be homeless. In fact moving to a rental will make them more sound financially. In the end the taxpayer bailout dollars will end up in the hands of the bankers who made this mess.

Housing will drop until it's affordable like always. Long way off for that.