waf76

Money Supply: The Myth of Hyperinflation

I really can't give the Fed an atta boy for manipulating the economy, even if we did avert a collapse, it was for selfish reasons, so those who brung us down this path can remain in power. Everything is recovering for them but not for most people. Abolish the Fed.

Why This Rally Is Unsustainable

I think most of the comments are quite negative when NS is pointing out the obvious. The financials appear to be looking healthier than they actually are. This does present speculative opportunities so I just accept it as part of the game and my investment and trading decisions take this into consideration. Next quarter earnings for the financials should be interesting. I agree the rally is unsustainable but who knows for sure. If enough sidelined money comes in then maybe, just maybe....ah well we can hope right...

Why Android Is Gaining Ground on Apple

Don't be mad that itunes, ipod, iphone, and apple tv integrate seamlessly. I wouldn't open that up to be messed up.

Is the U.S. Dollar Finished?

USD is only going up if the market is going down. Do you expect a sharp pullback in equities which would trigger a rally in USD? Are you bearish on commodities? I don't think these things are likely. I can see a bounce but thats all it is.

Rick Santelli Speaks for the Silent Majority

that clip was awesome.

America's Banks: Are They Really Insolvent?

Banks are completely insolvent, it doesn't matter that they are cash flow positive. We are just postponing the inevitable. To blame mark-to-market accounting is like saying this is just an accounting issue when we all know that it isn't. Banks are receiving federal money that exceeds their market cap. This is ridiculous. We have to accept sunk costs and stop throwing good money at it. You wouldn't handle your personal finances in this matter. Think of it as if you were living beyond your means. Your income doesn't cover your expenses. To bridge the gap you are continually taking cash advances from your credit card and managing your debt financing by paying the minimum monthly payment to stay cash flow positive. What happens when you are no longer extended credit? How will you finance your debt?

High Gold Prices: It's the Oil, Stupid

This article is spot on. While I would like to keep the focus on the stocks mentioned, the geopolitical factors are just too big to ignore. I am long PBR. If you are fortunate enough to make your way down to Brazil (Sao Paulo and Rio) you will see that Petrobras is literally everywhere. Most of their gas stations are equipped to fuel gas, NG, and diesel.

Geopolitically, the US cannot wean off the dependency of foreign oil. You must understand that the middle class has already been sacrificed in order for the status quo to remain in Wall Street and Washingtion. Ron Paul is a great man but no chance of being able to audit the Fed. Those truths, if or when revealed, will destroy the economy as we know it. The truth is the US has already been checkmated by the world, we just don't have the vision to see it yet. We'll dig ourselves a bigger hole in the meantime. The rise of Obama was political genius. The rise of a black man, from immigrant parents, coming from the left after we experienced 8 years of Bush, the protypical power, Southern, white, from big oil republican with essentially no daylight between agendas. Neocons still run the executive branch and the senate. If war with Iran ever comes to fruition then our soliders in Iraq will be sitting ducks. We will set them back while setting back ourselves with the only clear winner....Israel. If we could only have a normal alliance with them instead of having this "special relationship" where we look away at all the things the international community view as illegitimate...after all didnt they steal our nuclear technology? Sink the USS Liberty?... but i digress...how come we don't have this special relationship with the Brits? or the French? Didn't they help us during the American Revolution?

We will never be able to change anything in this country without a major revolution but don't hold your breath on that one. We'll become more socialized instead of more free....

Bail Out for Dummies - Part I

Greed and fraud are rampant in our society and our elected leaders represent the worst of us rather than the best in us. If they allow this daisy chain scam to go forward unabated it merely means they have fully yet come to grips that we live in a new world. Wall Street is clamoring to go back to the good old days which are long gone. Middle class America is getting raped by the people they put in office, in broad daylight, and have to watch their kids and future generations get raped all in the name of keeping Wall Street big shots rich and the military empire fully funded and incompetent who can not achieve any objective they put forth and causing many other unintended consequences that will surely result in more negatives that we can't even begin to imagine or foresee.

Bond Expert: The Emperor Has No Clothes

This article hits the nail on the head. The government is bad for the market. We are just one step closer to completely destroying it. Once the bailout plans by the house and senate are merged, expect the next leg to drop. We have to stop throwing life jackets to corpses. Let the chips fall where they may. Survival of the fittest.

Roubini on Unemployment: 'The Worst Is Yet to Come'

we can't spend our way out of this....all the proposals are just that....the govt's plan is prop things up, cross our fingers, and hope that it works...but the next recession will be more full blown..this is like HIV...we dont have full blown AIDS yet...

Debt Monetization: He's Heading for That Small Moon

Probably one of the best articles I've read.

"The Fed saw consumer and business borrowing collapsing at a disastrous pace and choose to answer with a deflation busting level of quantitative easing."

That's exactly what's happened. Unfortunately the consumer will not be back anytime soon. I don't foresee a premature exit strategy either as it would be political suicide.

Why China Can't Dump U.S. Treasuries

Bull run, I agree...if China doesn't peg the yuan to the dollar, the yuan will appreciate, not depreciate as the author states. The effect of this will be that China exports to the US will drop as their products become more expensive. That is the primary reason why the yuan is pegged to the dollar. China would then have to focus on their domestic growth.

Why AIG Wasn't Allowed to Fail

"Remember that what regulators were most worried about at the time was systemic risk." You know, I'm sick and tired of hearing about the global financial system would be put at risk of collapse if we didn't bail them out. The economy used to run just fine before CDS ever existed. Money was being created out of the thin air and now that it is gone the taxpayers gotta pay for it.

The Bull Run Begins This Week

This article is delusional. Re-test of the lows are coming.

Watch Bank of America to Understand Where Economy Is Going

Yes its only a matter of time when the Fed has to nationalize the banks. Ken Lewis was probably told by the regulators to buy shares to put on a charade of confidence in the stock. When nationalized these shares will be wiped out. Stay away from all banks.