ManAboutDallas

U.S. Interest Rates to Remain Extremely Low for a While

They're not about to raise interest rates.... not at this upcoming meeting, or the one after that, or the one after that, or the one after that, or.. ... etc.... etc... ad infinitum.

When they finally do, the rest of the world will stifle a huge yawn and go about its business of doing business with each other, but not the U.S. because who wants just more Used Charmin, no matter how much it's paying?


On Nov 06 09:43 AM Mad Hedge Fund Trader wrote:

> uyt First of all, let me warn you that reading this paragraph is
> a complete waste of your time. Still interested? There is chatter
> about that the Fed is considering a surprise interest rate rise at
> its upcoming meeting. After all, where can they go from zero, but
> up? They could be emboldened by the recession ending Q3 GDP of 3.5%.
> The bond market is certainly telling us that rates should go higher,
> with yields on ten year Treasuries jumping from 2.45% to 3.40% since
> March. Unfortunately, this is the usual kind of gibberish you get
> from pundits and prognosticators , who, at a loss for any explanation
> of the real reasons for Friday’s melt down, resort to making stuff
> up out of thin air. US industrial capacity utilization is terrible,
> while unemployment is rising to record levels. Banks still aren’t
> lending to small businesses, the largest job creators in the country,
> because they are about to get hit with an onslaught of bad commercial
> real estate loans. Sure, commodity prices have doubled or tripled
> this year. But this happened because investors were desperate for
> any alternative to the sickly dollar, not because there is huge underlying
> demand by end users. This is one of the reasons why I have been ringing
> the alarm bell about all long positions for the last three weeks.
> So I can say with complete confidence that the chances of an interest
> rate hike are less than zero for the foreseeable future. This discussion
> did have the one benefit that it did enable me to fill this space
> in my newsletter.

How Apple's Market Share Will Propel Stock to $500, Part 1

Yeah, yeah, yeah... let's not have ANYTHING resembling brutal reality, it might hurt somebody's wittle feewings, mightn't it?

Hit that bong again so you won't have to deal with reality today, either.


On Nov 05 03:31 PM JW.USC wrote:

> Typical wintard...classless.
>
> On Oct 24 07:58 PM ManAboutDallas wrote:

Charlie Gasparino: Another Crash 'Has to Happen Again'

In these few sentences...

"The only thing that can cure it is tough love–allowing firms to fail. That doesn’t mean I wanted the Fed and the Treasury to walk away last year. That would have meant Armageddon. But they should have walked away before that, when the systemic risk was smaller and the damage would have been limited. 1998 would have been a great place to start. "

Mr Gasparino raises intellectual dishonesty to an art form.

Failure IS Armageddon for the failing firm, Mr. Gasparino. It SHOULD have been allowed to happen, right then and there, September 2008. Until you realise this and understand it, just STHU!

Buffett's Burlington Buy Is Really a Bet on China

Just about right, Roger. Let Occam's Razor give us the answer, shall we;

Buffett is buying railroads because they're going to be the most efficient way of moving what few goods there will be to move when diesel is $10 a gallon and still rising, and over the road truckers are renting out their parked on the sides of every road tractor cabs to ladies of questionable virtue for the purpose of providing their own special services.. He's not making any huge bet on the American economy, or on China; he's making a Hobson's Choice in deploying his ca$h while it still has any buying power, for anything.


On Nov 06 10:44 AM Roger Knights wrote:

> "The future is in containerized freight (both import/export) and
> domestic...rails do the long haul, motor carriers the pick up and
> delivery"
>
> Especially if there are penalties on CO2 emissions, which would benefit
> RRs at the expense of truckers.

Buffett's Burlington Buy Is Really a Bet on China

No, what you really need to do is ( take your choice )

get back on the Thorazine drip; or
take the "empty room, loaded revolver" option, you're too stupid to be running around loose on Planet Earth.


On Nov 07 12:22 AM ACEMAN wrote:

> Y'all got to understand that it makes no sense to go buy yourself
> a national railroad with aging rails and expensive to run railroad
> cars to deliver various types of coal be it thermal or slurry, hard
> or soft, utilities or steelmakers. where is the advantage to that
> theory, unless he intends to write down the whole shebang for one
> major balance sheet correction. No one in their right mind would
> do that, even if y'all wanted to save America by building confidence
> in an aging and aged infrastructure, it makes no sense. Until the
> Secy of the Interior gets religion on coal and oil shale, this admin
> is in cohoots with the environuts who wish to stifle any additional
> commercial mining, drilling where there is loads of coal, oil and
> precious metals.Go read the latest roadblocks induced by the paranoid
> and crazy new EIR's promulgated by Secy Salazar. Y'all don't know
> a thing about hard commodities if you think Robber Baron Buffett's
> deal is about coal. Coal has a purpose in its comercial use and that
> it lights up your homes as electricity. Buffett could have bought
> all the major producers in the US for the money he paid for BNI.
> The deal could be some sort of derivative play on the value of the
> land and the right of way of the rails and this can easily be leveraged,
> sliced and diced, and sold to Wall Street and then bankable as a
> credit pool and sold for its righjts as a long term bond. all sounds
> familiar, don't it? Now, I really need my beignet and coffee at the
> Cafe du Monde, NOLA.

Silver Prices Are About to Fall

You'd be AMAZED at the number of so-called "educated Americans" who somehow, amazingly, still believe the world starts at the Statue of Liberty and ends at the Golden Gate Bridge.

China is still taking batting practice; for them, the game hasn't even begun.

For the U.S., the game is long-ago over, and the "team" is still on the field trying to figure out how they lost.


On Nov 07 09:15 AM Echute88 wrote:

> The guy who wrote..."Two words. Beijing put" is right on the money.
> China has advertised on TV for its citizens to invest in silver/gold.
> Mr. Goodman obviously knows nothing about Chinese culture or losing
> face. China WILL support/maintain the price of gold and silver at
> certain levels.....and trust me.....they won't let it go to $11 bucks
> and piss off the peasants.

Silver Prices Are About to Fall

The dollar carry trade is here to STAY for as long as the US$ is the currency equivalent of Charmin, and the Fed isn't about to stop the pre$$e$ now running at redline RPM, as the Sikorskis keep taking off from the Wizard Of Oz Memorial Heliport. The $ is the new Yen, and will be for the next 20 years, just as the Yen was for 20 years.


On Nov 05 12:27 PM doubleguns wrote:

> Rumors of a collapse of the dollar carry trade are starting and that
> will cause exactly what this article says. I love silver but if this
> starts to happen I suggest stops in your paper silver and wait patiently
> with an eagerness to back the truck up.
>
> Sometimes wishes do come true.
>
> Short term possibility, but long haul silver on a tear.

Silver Prices Are About to Fall

Buffett is buying railroads because they're going to be the most efficient way of moving what few goods there will be to move when diesel is $10 a gallon and still rising. He's not making any huge bet on the American economy, he's making a Hobson's Choice.


On Nov 05 02:31 PM Russell Upsomgrubb wrote:

> Warren Buffett is perhaps the most successful investor of all time
> and just bough Burlington Northern, making a huge bet going forward
> on the growth of the American economy over the next 5-10 years. If
> he is correct, I see the dollar strengthening over time. The consensus
> on Wall Street is so often wrong and the vast majority of traders
> are short the dollar. Buffett is an investor, not a trader. He believes
> in the long term creation of wealth, not trying to get rich overnight.
> Mark Faber, a doomsayer, claims the value of the dollar will eventually
> fall to zero. Gee, I'll bet he owns a lot of gold.

Silver Prices Are About to Fall

Sounds like 'ole Avery is about to get the Margin Call Of His Life on his silver shorts. That's why he's trying so desperately to convince himself - and, by extension, us readers - of something he doesn't really believe. Intellectual dishonesty is the first haven of panic.


On Nov 05 09:15 AM xearther wrote:

> Whenever I see an article begin with "don't get me wrong" the caution
> light glows bright. Same with that subtly manipulative word "clearly"
> (takk for not using it).
>
> "Lover of silver", eh? If that's true, then I think your article
> is a great example of the old phrase, "can't see the forest for the
> trees".
>
> Beyond fiat currencies, beyond discerning what's real and what's
> not (money-wise), besides the fact that they don't call him "Helicopter"
> for nothing... you did not mention the "elephant in the room": JPMorgan
> short 190 million ounces of COMEX silver futures.
>
> There is going to be a High Noon moment before this month is over
> with CFTC Commissioner Bart Chilton and Chairman Gary Gensler baring
> their six guns.
>
> Silver to $11? You're a funny guy, Mr. Goodman. A very funny guy.
>
>
> For those wishing to get a better view of the forest, I recommend
> a visit to the mind of Ted Butler: www.investmentrarities...

Silver Futures Show Markets Are Acting Strangely

Ed, the 'Kid falls into the tar pit of believing that just because he's using the COMEX for legitimate purposes, everyone else using it is doing so for legitimate purposes also; so, 'Kid is guilty of nothing more than being incredibly naive and thinking just because he's playing by the "rules", everyone else is, too.

Har, de-har-har-har.


On Oct 22 11:15 AM Ed Zimmer wrote:

> Kohalakid ignores the fact that these two banks, hedgers or not,
> are dominating the silver futures market by shorting more than 80%
> of all outstanding short contracts while holding just 38 long positions
> out of 111,000 contracts. That is a more dominant position than what
> the Hunt Brothers held when they were long silver.
>
> While he is correct that hedgers can get exemptions, such outlandish
> exemptions (three times what anyone else can have) all to the short
> end would indicate extremely deep pockets that could sustain any
> manner of loss while pressuring prices downward for much smaller
> investors. (The short position would equate to 8 Billion dollars
> at $17.63, of course the total loss position would be significantly
> less, more on the order of less than a billion, which such large
> banks could absorb with impunity while continuing to add to their
> short position.)
>
> Of course he doesn't mention that the CFTC is looking at setting
> limits that could force limits in silver to mirror limits in other
> futures markets (1500 vs current 6,000). Ted Butler has commented
> on the CFTC moves.
>
> The point Kohalakid doesn't want to address is the point of manipulation
> in any single market. The silver futures short position is beyound
> anything else in the market and while he derides my postings as "silly",
> they are showing what is actually happening in the paper market.
> COMEX can't settle the contracts that are out, at least not in actual
> silver. COMEX silver stocks, registered and eligible are falling
> and world silver production is pretty much spoken for.
>
> The only reason you short a market is because you think the price
> will fall. The only reason to short a single market this much by
> this few is to keep the price down.

Today in Commodities: Dollar Up, Again

You appear to be one of those poor souls who thinks the world begins at the Statue of Liberty and ends at the Golden Gate Bridge.
Sure enough, the United States is in recession and heading for worse, but the U.S.'s day in the sun is over, and the rest of the world is raring to go.

On Oct 28 11:19 PM CLH wrote:

> Commodities don't go up during a recession (depression?). Gold doesn't
> go up during deflation. These things seem simple to me.

Today in Commodities: Vindication as Markets Make Sense

Be sure you tell the Chinese that, as their economy continues to grow at near double-digit rates. I'm sure they have NO IDEA how bad it's going to be for them. ( eyeroll )


On Oct 31 02:27 AM Rokjok777 wrote:

> China demand will surprise on the downside before H2 2010. That will
> kill the AUD; and maybe alot more things too

Today in Commodities: Vindication as Markets Make Sense

The double bottom at $16.13 today put the fix in for silver. All kinds of great butter-the-Chumps setups in the works. Next week the plug gets pulled on all of them. Aussie looks ready to scream for Parity, and it'll drag Kiwi along whether it wants to go, or not.

Record Amount of U.S. Debt Ever Sold in One Week

This plateful of toxic waste is the only reason for the US$ rally going on at the moment. When these fools come to their senses and realise they've just bought Used Charmin, the $ resumes its freefall.

Why a Gold Bug Isn't Buying Gold Now

The surprise of the Coming Stock Crash, the one that is going to take us to Dow 3000, or lower, will be NO "flight to US$" as we saw last year.

The US$ is the new Carry-Trade-Currency-o... and, as such, it will be used like the cheap whore it is.