Case-Shiller Still Predicts Massive 45% Fall from Today’s Values [View article]
The problem with the long term trend line is that it is priced in US dollars. We need an inflation adjusted line, better yet, use the inflation of the labor and materials it takes to build a house. Right now you can't build a new house at a profit. Home prices are therefore down to the inflation adjusted trend line, or a little below. The dollar is down to the point that offshore money is coming into the US, buying up our incredibly cheap residential real estate. Hmm, maybe China has found something to do with it's hoard of $$.
Wall Street Breakfast: Must-Know News [View article]
So Obama, the creator of our huge deficit, is warning against it? Hmm, he just got lectured about it by China, seems to me it's just lip service to appease them. Watch what he does, not what he says.
Closed-End Funds: How to Buy Stocks at 20% Discount from Current Price [View article]
Big discounts are also caused be big management fees. Always investigate. Then there is CET, very low management fee, selling near a 20% discount, all because it has a quarter of its fund in a private insurance company... which is valued quite conservatively. BTW, there is a yahoo group for Closed End fund discussion...
Wall Street Breakfast: Must-Know News [View article]
The problem is the CEO's for the most part write their own pay checks. In the old days where fat cats controled big blocks of stock, they would put a brake on it. These days, only their nerve limits their pay. Hey, what would you pay yourself if you could get away with it?
> I think there will be more opportunities in NG this winter. Even > with the oversupply I think NG will tighten. It is already starting > to be a bad winter, with furnaces kicking on in early October in > most of the midwest.
Wall Street Breakfast: Must-Know News [View article]
Couple of days ago the rumor was CIT was being merged, stock leaps skyward. Then talk of bankruptcy. Hmm, does this look like clasic manipulation to you? Wonder how many insiders were able to get top $ for their shares on the runup...?
A Shortage of Bullets Presents Investment Opportunities [View article]
Bullets??? [Wince!] Stick to ammo or learn correct terminology.
Olin is far from a pure play.
I see ammo is becoming available again, tho high priced. Still not shooting my 380. At 80 cents a round, can't afford it. Instead, shooting my 45 at 50 cents. At least I now can find it.
Social Security Trust Fund Shocker: $6 Billion August Deficit [View article]
Actually, the problem is not with SS. It's the Federal government that is broke.
Those 'SS will be broke by...' estimates vary widely year by year. Truth is no one knows what the economy and demographics will be that far out. And when it does run out, with no changes, benefits would have to be cut by only 25%. Not pleasant, but not a disaster.
The problem is that the Feds have been using the vast SS surplus that we have been running for decades to cushion the overall deficit. Now we are entering the drawdown phase, and since SS has not been a separate account since LBJ, the deficit is increased just when we got a president with big, costly ideas.
Back in the '80's I told my students that if they had nothing else, they would get their SS. Otherwise, don't count on it. Given the politics of the day, look for a call for well off retiries to take a hit 'for the greater good'.
Like what? CHK? DVN? I've avoided UNG because it was obvious it would be eaten alive by contango... Nat Gas had to rise MORE than expected for it to show a profit. Strange, I'm sitting on top of the Barnett Shale, and I see the rigs are still drilling, even tho they've tapped into more supply than we can go thru in a decade.
On Sep 05 09:27 AM Dukk wrote:
> Why pay a premium for UNG? There are way better ng plays out there...
Marijuana, LSD, Cocaine Now Legal in Mexico. Will the Economy Benefit? [View article]
Acutally, it's 3 strikes and you go to counseling. Whether that involves a rubber hose or not, I don't know.
TBill ***
On Aug 30 08:31 PM TinyTim wrote:
> Before everyone rushes off to Juarez and Tijuana to get high, the > actual Mexican law change eliminates jail time for possession. You > still get a record and have to go through "counseling". I believe > after three strikes, you do end up in jail.
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Latest | Highest ratedCase-Shiller Still Predicts Massive 45% Fall from Today’s Values [View article]
Right now you can't build a new house at a profit. Home prices are therefore down to the inflation adjusted trend line, or a little below.
The dollar is down to the point that offshore money is coming into the US, buying up our incredibly cheap residential real estate.
Hmm, maybe China has found something to do with it's hoard of $$.
Wall Street Breakfast: Must-Know News [View article]
Hmm, he just got lectured about it by China, seems to me it's just lip service to appease them. Watch what he does, not what he says.
Closed-End Funds: How to Buy Stocks at 20% Discount from Current Price [View article]
Then there is CET, very low management fee, selling near a 20% discount, all because it has a quarter of its fund in a private insurance company... which is valued quite conservatively.
BTW, there is a yahoo group for Closed End fund discussion...
Why Central Securities Corporation Looks Attractive [View article]
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
Natural Gas: Worst Investment Ever? [View article]
> I think there will be more opportunities in NG this winter. Even
> with the oversupply I think NG will tighten. It is already starting
> to be a bad winter, with furnaces kicking on in early October in
> most of the midwest.
We blame global warming.... er, 'climate change'.
Wall Street Breakfast: Must-Know News [View article]
A Shortage of Bullets Presents Investment Opportunities [View article]
Olin is far from a pure play.
I see ammo is becoming available again, tho high priced. Still not shooting my 380. At 80 cents a round, can't afford it. Instead, shooting my 45 at 50 cents. At least I now can find it.
UNG: The Best Way to Invest in Natural Gas [View article]
Wall Street Breakfast: Must-Know News [View article]
Social Security Trust Fund Shocker: $6 Billion August Deficit [View article]
Those 'SS will be broke by...' estimates vary widely year by year. Truth is no one knows what the economy and demographics will be that far out. And when it does run out, with no changes, benefits would have to be cut by only 25%. Not pleasant, but not a disaster.
The problem is that the Feds have been using the vast SS surplus that we have been running for decades to cushion the overall deficit. Now we are entering the drawdown phase, and since SS has not been a separate account since LBJ, the deficit is increased just when we got a president with big, costly ideas.
Back in the '80's I told my students that if they had nothing else, they would get their SS. Otherwise, don't count on it. Given the politics of the day, look for a call for well off retiries to take a hit 'for the greater good'.
UNG Trading 101 [View article]
I've avoided UNG because it was obvious it would be eaten alive by contango... Nat Gas had to rise MORE than expected for it to show a profit.
Strange, I'm sitting on top of the Barnett Shale, and I see the rigs are still drilling, even tho they've tapped into more supply than we can go thru in a decade.
On Sep 05 09:27 AM Dukk wrote:
> Why pay a premium for UNG? There are way better ng plays out there...
Marijuana, LSD, Cocaine Now Legal in Mexico. Will the Economy Benefit? [View article]
TBill
***
On Aug 30 08:31 PM TinyTim wrote:
> Before everyone rushes off to Juarez and Tijuana to get high, the
> actual Mexican law change eliminates jail time for possession. You
> still get a record and have to go through "counseling". I believe
> after three strikes, you do end up in jail.
Wall Street Breakfast: Must-Know News [View article]
On Aug 27 08:28 AM ScroogeMcduck wrote:
> There were less taxes with King George.
If Great Britain would let us have the old Hong Kong government, I say we give ourselves back!