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phil from Edmond

phil from Edmond
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  • The Fed's Balance Sheet Simplified [View article]
    You don't distinguish between "term deposits" and "reserves" in your analysis. Is the difference, between the two, insignificant? Thanks.
    Mar 10, 2015. 09:55 AM | 1 Like Like |Link to Comment
  • Obama To G-20: Get Your Act In Order! [View article]
    "Yet, the United States is facing a currency war as Europe and Japan…and others…work to lower the value of their currencies against the US dollar so that they can gain more exports to help their economies"

    Is it truly war or are the moves still coordinated and part of a unified plan perhaps endorsed by BIS meetings?
    Nov 14, 2014. 07:48 AM | Likes Like |Link to Comment
  • Will The European Crisis Change Things? [View article]
    Would inflation expectations be an explanation for the low European yields vs. the US?
    Sep 4, 2014. 09:19 AM | Likes Like |Link to Comment
  • 3 Reasons The Rally In Devon Energy May Continue [View article]
    Dave, nice article.

    I have followed DVN for about 15 years. Several times management has made strategic moves that at the time were difficult to understand. In all cases, two or three years later I came to understand the reason. Management has been very good.
    Jun 25, 2014. 05:27 PM | Likes Like |Link to Comment
  • Encouragement For Italian Prime Minister Matteo Renzi [View article]
    What is the condition of Italian banks?

    http://on.wsj.com/1hyPITQ

    This article seems to indicate some problems. Yet, Mr. Renzi's program seems to focus more on economic and government reforms.
    Jun 4, 2014. 09:42 AM | Likes Like |Link to Comment
  • The Returns From Italy [View article]
    Let's see, the last time someone in Italy showed leadership. Ah yes, that worked out well.
    May 28, 2014. 08:37 AM | Likes Like |Link to Comment
  • The Unsound Doctrine Of Sound Money [View instapost]
    Thanks for the reply. You only mention successful programs. There was a Social Democrat movement prior to WWI which would have been successful but for the war. Also, the Fabians in Britain.

    I enjoy your articles. The Puerto Rico series was insightful. Thanks
    Apr 9, 2014. 10:17 AM | Likes Like |Link to Comment
  • The Unsound Doctrine Of Sound Money [View instapost]
    "Europe is (or should be) slowly learning what the Anglosphere learned 80 years ago: democratic capitalism requires prosperity and and a dampening of the business cycle."

    Isn't this the lesson the Social Democrats of Germany taught the Anglosphere?

    Thanks for your articles.
    Mar 21, 2014. 09:42 AM | Likes Like |Link to Comment
  • Devon Energy Is Delivering On Its Promises [View article]
    Just to clarify, Canadian heavy oil assets are core holding and not up for sale. I think it is called Jackfish and Kerl. Agree with everything else. Thanks
    Feb 19, 2014. 01:08 PM | Likes Like |Link to Comment
  • Altria - Dividend, SAB And Cost Cuts Can't Make Up For Troubled Core Business [View article]
    Give management some credit. The early extinguishment of debt will benefit 2014 earnings. The sale of Miller to SAB (5-10 years ago) has resulted in substantial increase in value for Miller/SAB holdings. MO may have some challenges but management has a pretty good track record.
    Jan 31, 2014. 04:35 PM | 6 Likes Like |Link to Comment
  • Rail Traffic Slips [View article]
    Any impact from the oil pipeline from Cushing,OK to gulf being opened and filled in the 4th quarter 2013?
    Jan 18, 2014. 10:33 AM | Likes Like |Link to Comment
  • Who Does The Fed Serve? [View article]
    Weren't central banks created to coordinate the international banking and credit system? In the 20's there was much emphasis on creating central banks as a basis for extending international credits and reestablishing global trade following WWI disruption.
    Jan 10, 2014. 08:57 AM | Likes Like |Link to Comment
  • What Happened To The Money Americans Borrowed Before The Crisis? [View article]
    I question figure 2 "credit as % of assets". One of the problems in the crisis was the illiquidity of assets. There appeared to have been no price for certain assets.

    Figure 2 seems to have used some estimation of value that in reality wasn't working during the crisis.

    Any comment? Thanks
    Dec 23, 2013. 08:50 AM | Likes Like |Link to Comment
  • The Euro Remains Strong: Germany Is Winning [View article]
    Not sure of your point. Most European countries were a mess throughout the 20's. The effort to reestablish the gold standard and labor unrest. Trade problems resulting from internalization of trade in newly established central Europe countries and Russia all contributed to disruption.

    The U.S had a strong economy using "credit inflation" as a boost.

    Is your point that it all ended badly?
    Dec 19, 2013. 08:57 AM | Likes Like |Link to Comment
  • The U.S. Government Is Not '$16T In The Hole' [View article]
    Isn't US debt a claim against the US economy? If one holds a maturing US treasury security can he do anything but redeem it for dollars or pay taxes? A dollar is a claim against the US economy and no one wants anything the economy is currently providing.
    Nov 9, 2013. 03:54 PM | 1 Like Like |Link to Comment
COMMENTS STATS
193 Comments
232 Likes