bindlepete's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/214564/comments http://seekingalpha.com/article/175636-the-black-friday-sales-are-a-bit-red?source=feed#comment-782473 782473
It is still sliding and will continue to do so until we find some unsubsidized exports to balance our borrowing and printing.

I wish it were not so but reality trumps the propaganda even with the press distortions. Who wishes to buy a newspaper for this baloney.

Now to the Afghanistan distortions where we are the invader, the occupier and supporter of corruption. ]]> Mon, 30 Nov 2009 08:23:16 -0500
It is still sliding and will continue to do so until we find some unsubsidized exports to balance our borrowing and printing.

I wish it were not so but reality trumps the propaganda even with the press distortions. Who wishes to buy a newspaper for this baloney.

Now to the Afghanistan distortions where we are the invader, the occupier and supporter of corruption. ]]> http://seekingalpha.com/article/175551-best-black-friday-forecast-in-5-years?source=feed#comment-781894 781894
The volume of add pages has little to do with the season or the amount of free cash the retialers have at hand. The newspapers are in deep organic and will provide easy credit for any potential payer.

The availibility of advertising space bespeaks to desparaion.]]> Sun, 29 Nov 2009 18:44:53 -0500
The volume of add pages has little to do with the season or the amount of free cash the retialers have at hand. The newspapers are in deep organic and will provide easy credit for any potential payer.

The availibility of advertising space bespeaks to desparaion.]]> http://seekingalpha.com/article/175562-judith-dwarkin-and-the-economics-of-energy-investing?source=feed#comment-779970 779970
Just look at the Harvest takeover by Korea. There is much more of this to come as new players enter the market. Canada is one of the "trustworthy" regions of new oil and gas. There will, I expect, be a lot of play up there as they move away from their US dependency. ]]> Fri, 27 Nov 2009 17:34:40 -0500
Just look at the Harvest takeover by Korea. There is much more of this to come as new players enter the market. Canada is one of the "trustworthy" regions of new oil and gas. There will, I expect, be a lot of play up there as they move away from their US dependency. ]]> http://seekingalpha.com/article/174776-canadian-oil-sands-an-investment-in-secure-long-life-oil?source=feed#comment-778526 778526 PBG) with it's new, inexpensive, and environmentally clean mechanism of tapping into the in situ deposits.

This is now under commercial development at Kerroberts in a JV with BTE on heavy oil. If the production rates prove out - which I expect them to do - it will evolve into a Bonanza for harvesting heavy oil and "too deep to mine" tar sands.

Stand by for a revolution.

Disclosure - I hold a wad of PBG as well as SU. ]]> Thu, 26 Nov 2009 11:46:40 -0500 PBG) with it's new, inexpensive, and environmentally clean mechanism of tapping into the in situ deposits.

This is now under commercial development at Kerroberts in a JV with BTE on heavy oil. If the production rates prove out - which I expect them to do - it will evolve into a Bonanza for harvesting heavy oil and "too deep to mine" tar sands.

Stand by for a revolution.

Disclosure - I hold a wad of PBG as well as SU. ]]> http://seekingalpha.com/article/175196-ahead-of-black-friday-has-consumer-confidence-been-restored?source=feed#comment-777208 777208
BALONY! it is still falling and the quotes will focus on WalMarts same store sales which have been supported by down buying of a shrinking middle class. Lets not look at Macy's or the Federated chain. There will be disaster.

Spin for happiness, spin for joy, spin to keep the faltering public under control. Paper over the problems and dream, but don't commit to, a brighter tomorrow. They celebrate in the sun while the working man and family freeze in the dark.


Wall Street has stolen our future but has been given a pass and then bailed out by you, me and 'Ol Aunt Minnie .]]> Wed, 25 Nov 2009 11:39:42 -0500
BALONY! it is still falling and the quotes will focus on WalMarts same store sales which have been supported by down buying of a shrinking middle class. Lets not look at Macy's or the Federated chain. There will be disaster.

Spin for happiness, spin for joy, spin to keep the faltering public under control. Paper over the problems and dream, but don't commit to, a brighter tomorrow. They celebrate in the sun while the working man and family freeze in the dark.


Wall Street has stolen our future but has been given a pass and then bailed out by you, me and 'Ol Aunt Minnie .]]> http://seekingalpha.com/article/175204-economy-watch-changes-in-the-composition-of-consumption?source=feed#comment-776669 776669
BALONY! it is still falling and the quotes will focus on WalMarts same store sales which have been supported by down buying of a shrinking middle class. Lets not look at Macy's or the Federated chain.

Spin for happiness, spin for joy, spin to keep the faltering public under control. Paper over the problems and dream, but don't commit to, a brighter tomorrow.

Wall Street has stolen it but has been given a pass and then bailed out by you, me and 'Ol Aunt Minnie .


]]> Wed, 25 Nov 2009 08:26:23 -0500
BALONY! it is still falling and the quotes will focus on WalMarts same store sales which have been supported by down buying of a shrinking middle class. Lets not look at Macy's or the Federated chain.

Spin for happiness, spin for joy, spin to keep the faltering public under control. Paper over the problems and dream, but don't commit to, a brighter tomorrow.

Wall Street has stolen it but has been given a pass and then bailed out by you, me and 'Ol Aunt Minnie .


]]> http://seekingalpha.com/article/174236-congressman-grayson-sigtarp-report-shows-danger-of-secret-bailouts?source=feed#comment-767892 767892 Thu, 19 Nov 2009 15:01:15 -0500 http://seekingalpha.com/article/174313-fire-the-lot-of-em?source=feed#comment-767867 767867 Thu, 19 Nov 2009 14:53:26 -0500 http://seekingalpha.com/news/market_currents/post/36744?source=feed#comment-765527 765527
As is said, the courts are where gentlemen settle their differences.]]> Wed, 18 Nov 2009 11:49:10 -0500
As is said, the courts are where gentlemen settle their differences.]]> http://seekingalpha.com/article/173412-barron-s-on-exxonmobil-what-a-gusher?source=feed#comment-761954 761954 Mon, 16 Nov 2009 10:10:11 -0500 http://seekingalpha.com/article/171108-barney-frank-name-names?source=feed#comment-761940 761940
Well if you are trying to raise capital you should be open to those interested in your true position re: assets and liabilities and not hide behind the fraudualnt asset valuation the NASB has given you.

The SEC should enforce this declaration of weakness so you have to sell shares at a lower price. NO? Other than this is deception.]]> Mon, 16 Nov 2009 10:03:37 -0500
Well if you are trying to raise capital you should be open to those interested in your true position re: assets and liabilities and not hide behind the fraudualnt asset valuation the NASB has given you.

The SEC should enforce this declaration of weakness so you have to sell shares at a lower price. NO? Other than this is deception.]]> http://seekingalpha.com/article/173412-barron-s-on-exxonmobil-what-a-gusher?source=feed#comment-760946 760946
They still hold patents on the geopressured resources (aka deep gas) that few seem willing to challenge. Every one is permitted to screw up now and then so they will likely go after the Asian market with their LNG.

Without government interference - not to be ruled out- the domestic market is thank God, pretty close to a dead issue. ]]> Sun, 15 Nov 2009 11:53:49 -0500
They still hold patents on the geopressured resources (aka deep gas) that few seem willing to challenge. Every one is permitted to screw up now and then so they will likely go after the Asian market with their LNG.

Without government interference - not to be ruled out- the domestic market is thank God, pretty close to a dead issue. ]]> http://seekingalpha.com/article/173170-one-question-for-sheila-bair?source=feed#comment-759309 759309
We still have a very long way to go with the commercial loans/real estate and further failures in the adjustable rate home mortgages. I would most of all like to get rid of the give away of banks borrowing at .25% and then buying Treasury Instruments at multiples of this with the new capital we " Gave" them. Straight fraud.]]> Fri, 13 Nov 2009 16:09:57 -0500
We still have a very long way to go with the commercial loans/real estate and further failures in the adjustable rate home mortgages. I would most of all like to get rid of the give away of banks borrowing at .25% and then buying Treasury Instruments at multiples of this with the new capital we " Gave" them. Straight fraud.]]> http://seekingalpha.com/article/172432-china-may-be-eying-metallurgical-coal-acquisition?source=feed#comment-758914 758914
Good for CNI as well as a new port in Kitimat could save a lot of money in transport.]]> Fri, 13 Nov 2009 12:33:38 -0500
Good for CNI as well as a new port in Kitimat could save a lot of money in transport.]]> http://seekingalpha.com/article/172183-northrop-grumman-ridiculously-undervalued-but-doing-everything-right?source=feed#comment-752118 752118
Tenet knew this and hence the " slam dunk" statement - since only a few were used on the Kurds.]]> Mon, 09 Nov 2009 08:24:20 -0500
Tenet knew this and hence the " slam dunk" statement - since only a few were used on the Kurds.]]> http://seekingalpha.com/article/172174-ge-to-close-its-only-u-s-solar-panel-factory?source=feed#comment-752110 752110
And the recovery is right around the corner---sure. NO jobs- no income- no purchases- no recovery. Just welfare- for a while. ]]> Mon, 09 Nov 2009 08:19:10 -0500
And the recovery is right around the corner---sure. NO jobs- no income- no purchases- no recovery. Just welfare- for a while. ]]> http://seekingalpha.com/article/171088-buffett-s-big-buyout-bets-on-buoyancy?source=feed#comment-744373 744373
Sorry to have lost BNI from my portfolio but I retain the best route structure of CNI . Lets wait until Canadian commodity exports swell to contain wheat, petroleum and their abundant coal resources.

It will take time but Kitimat, North America's closest port to Asia, belongs to CNI. ]]> Wed, 04 Nov 2009 11:14:40 -0500
Sorry to have lost BNI from my portfolio but I retain the best route structure of CNI . Lets wait until Canadian commodity exports swell to contain wheat, petroleum and their abundant coal resources.

It will take time but Kitimat, North America's closest port to Asia, belongs to CNI. ]]> http://seekingalpha.com/article/171037-buffett-takes-a-page-from-the-monopoly-playbook?source=feed#comment-744340 744340




I agree with the emphasis as I see this as a bet on the fuel shortage due to efficiency of the rail roads and the commodity play rings true. We are losing our manufacturing and have little to sell the world but our topsoil and raw materials. Weapons of course but these are taxpayer subsidized in their entirety.

Further, it is a bet on coal and electricity. Hauling coal from the Powder River Basin is BNI's lifeblood. and the utilities will survive as they are monopolies and regulation will not put them down.

Utility paper/ bonds are what keep the ever powerful insurance industry alive. So Insurance and electricity are combined,an over powering force in Washington.

I have fought them both and know. Hate to sell BNI but I still keep an ever better route structure in CNI. Wait until Canada's coal starts to boom as an export. Right after wheat and petroleum. ]]> Wed, 04 Nov 2009 10:58:59 -0500




I agree with the emphasis as I see this as a bet on the fuel shortage due to efficiency of the rail roads and the commodity play rings true. We are losing our manufacturing and have little to sell the world but our topsoil and raw materials. Weapons of course but these are taxpayer subsidized in their entirety.

Further, it is a bet on coal and electricity. Hauling coal from the Powder River Basin is BNI's lifeblood. and the utilities will survive as they are monopolies and regulation will not put them down.

Utility paper/ bonds are what keep the ever powerful insurance industry alive. So Insurance and electricity are combined,an over powering force in Washington.

I have fought them both and know. Hate to sell BNI but I still keep an ever better route structure in CNI. Wait until Canada's coal starts to boom as an export. Right after wheat and petroleum. ]]> http://seekingalpha.com/article/171113-warren-buffett-s-bet-on-rail-and-america?source=feed#comment-744320 744320
Further, it is a bet on coal and electricity. Hauling coal from the Powder River Basin is BNI's lifeblood. and the utilities will survive as they are monopolies and regulation will not put them down.

Their paper/ bonds are what keep the ever powerful insurance industry alive. So Insurance and electricity are combined,an over powering force in Washington.

I have fought them both and know. ]]> Wed, 04 Nov 2009 10:51:20 -0500
Further, it is a bet on coal and electricity. Hauling coal from the Powder River Basin is BNI's lifeblood. and the utilities will survive as they are monopolies and regulation will not put them down.

Their paper/ bonds are what keep the ever powerful insurance industry alive. So Insurance and electricity are combined,an over powering force in Washington.

I have fought them both and know. ]]> http://seekingalpha.com/article/170582-gold-bug-feeding-frenzy?source=feed#comment-740725 740725
Melt down your watches and rings? I doubt it but with the Bush/Cheney endorsement of waterboarding you teeth may be at risk?

Look at the questionable nationalistic behavior of the Koreans. ]]> Mon, 02 Nov 2009 13:42:33 -0500
Melt down your watches and rings? I doubt it but with the Bush/Cheney endorsement of waterboarding you teeth may be at risk?

Look at the questionable nationalistic behavior of the Koreans. ]]> http://seekingalpha.com/article/170154-oil-supply-and-demand-hardly?source=feed#comment-737364 737364
Most decision are multifactorial from access to transport, price, currency fluctuations ones own perceived needs and on ad infinitum.

As to the supply side " peak oil' is a reality and inconvenient to acknowledge in our political system. China recognizes it clear and simple but then they have a different pattern of decision making. As to the many bbls you see coming on line it will be more than eaten up by declines in world production. Yes, even at $80 a bbl. with our dollar going down the porcelain pot hole.

Hey, it is finite and difficult to find and produce. The US does not control the world oil market it is a world market and the big locals have little interest in low prices and certainly not cheap as dirt alternative liquid fuels.

China is out there producing auto and diesel fuels from cola in the form of dimethyl ether and methanol. That is not permitted here as it would break the oil companies monopoly on feeding our liquid fuels addiction. Again China has a different decision making procedure.

Oil priceas will continue to bounce about but with a clear upward long term trend. Bet on it. I have and am not ashamed of my comfortable success.

I know you want a simple explanation but sorry all questions do not have human answers. Richard Belman taught me this back in 1970 over looking the Pacific.]]> Fri, 30 Oct 2009 14:46:11 -0400
Most decision are multifactorial from access to transport, price, currency fluctuations ones own perceived needs and on ad infinitum.

As to the supply side " peak oil' is a reality and inconvenient to acknowledge in our political system. China recognizes it clear and simple but then they have a different pattern of decision making. As to the many bbls you see coming on line it will be more than eaten up by declines in world production. Yes, even at $80 a bbl. with our dollar going down the porcelain pot hole.

Hey, it is finite and difficult to find and produce. The US does not control the world oil market it is a world market and the big locals have little interest in low prices and certainly not cheap as dirt alternative liquid fuels.

China is out there producing auto and diesel fuels from cola in the form of dimethyl ether and methanol. That is not permitted here as it would break the oil companies monopoly on feeding our liquid fuels addiction. Again China has a different decision making procedure.

Oil priceas will continue to bounce about but with a clear upward long term trend. Bet on it. I have and am not ashamed of my comfortable success.

I know you want a simple explanation but sorry all questions do not have human answers. Richard Belman taught me this back in 1970 over looking the Pacific.]]> http://seekingalpha.com/article/169832-conocophillips-facing-tough-talk-in-effort-to-unload-oil-sands-stake?source=feed#comment-735481 735481 Can they compete with cleaner and cheaper(?) In situ methods of delivering the bitumen and heavy oils?

PetroBank with it's THAI system could cut the legs out from under these surface mining techniques although it would help PetroBank to have them about to maintain a high marginal price to profit beneath.

Time will tell. A new age may be arriving.]]> Thu, 29 Oct 2009 10:55:06 -0400 Can they compete with cleaner and cheaper(?) In situ methods of delivering the bitumen and heavy oils?

PetroBank with it's THAI system could cut the legs out from under these surface mining techniques although it would help PetroBank to have them about to maintain a high marginal price to profit beneath.

Time will tell. A new age may be arriving.]]> http://seekingalpha.com/article/169824-is-fdic-s-sheila-bair-starting-to-get-it?source=feed#comment-735434 735434
None of this "the bonus boys deserve their swag" for making phony profits on the government's largesse. They deserve to pay.]]> Thu, 29 Oct 2009 10:41:36 -0400
None of this "the bonus boys deserve their swag" for making phony profits on the government's largesse. They deserve to pay.]]> http://seekingalpha.com/article/169783-time-to-move-back-into-defensive-stocks-like-utilities?source=feed#comment-735312 735312
It would do great damage to the insurance co's , of course, who hold the paper on these antique generators but Hey, what's another bail out. The printing presses are now warmed up.

Non the less the utilities are a reasonable defense for the investor in US securities.

]]> Thu, 29 Oct 2009 09:34:06 -0400
It would do great damage to the insurance co's , of course, who hold the paper on these antique generators but Hey, what's another bail out. The printing presses are now warmed up.

Non the less the utilities are a reasonable defense for the investor in US securities.

]]> http://seekingalpha.com/article/169731-california-entering-inflationary-depression?source=feed#comment-735192 735192
The PBGC can live, by selling capital and then on freshly printed money but can the States meet future generous contracts to their employees? Not without hideous and publicly unacceptable new taxes.

California has a responsible outfit in CALPERS but even here the State Comptroller see it as a huge problem down the road. Most other states do not have well managed pension plans. New York's system is a disaster and who has done an honest review of the rest .

As has been said no one makes it out alive.]]> Thu, 29 Oct 2009 08:16:36 -0400
The PBGC can live, by selling capital and then on freshly printed money but can the States meet future generous contracts to their employees? Not without hideous and publicly unacceptable new taxes.

California has a responsible outfit in CALPERS but even here the State Comptroller see it as a huge problem down the road. Most other states do not have well managed pension plans. New York's system is a disaster and who has done an honest review of the rest .

As has been said no one makes it out alive.]]> http://seekingalpha.com/article/169040-the-secret-to-the-banking-sector-s-success?source=feed#comment-732045 732045
Switcheroo!!! and you pay the freight Mr. and Ms. Taxpayer

And then there's the dance with the foreign banks.

This is government?]]> Tue, 27 Oct 2009 08:44:11 -0400
Switcheroo!!! and you pay the freight Mr. and Ms. Taxpayer

And then there's the dance with the foreign banks.

This is government?]]> http://seekingalpha.com/article/169040-the-secret-to-the-banking-sector-s-success?source=feed#comment-732044 732044
Switcheroo!!! and you pay the freight Mr. and Ms. Taxpayer

And then there's the dance with the foreign banks.

This is government?]]> Tue, 27 Oct 2009 08:44:11 -0400
Switcheroo!!! and you pay the freight Mr. and Ms. Taxpayer

And then there's the dance with the foreign banks.

This is government?]]> http://seekingalpha.com/article/168614-where-s-the-outrage-at-the-banks?source=feed#comment-729742 729742
Now if Washington did get tough they would translate the bonus flow to loans and then forgive them when the heat was off. Remember GS and their little ploy in 2008? This, by the way, defers the taxes on the personal cash flow until the loan is forgiven.]]> Sun, 25 Oct 2009 17:51:36 -0400
Now if Washington did get tough they would translate the bonus flow to loans and then forgive them when the heat was off. Remember GS and their little ploy in 2008? This, by the way, defers the taxes on the personal cash flow until the loan is forgiven.]]> http://seekingalpha.com/article/168594-harvest-energy-east-vs-west-in-terms-of-oil?source=feed#comment-728426 728426
What a joke. In effect the Federal Reserve is buying all of the extra ( read unsold Treasuries) from the primary dealers and I also hear paying thse dealers a comsission just a vigorish to keep them quiet about the switcheroo from the ever generous taxpayer.

Further, there is a suspicion that the Trerasury is either discounting their paper to foreign banks or having the Fed lend these banks money at a lower rate to buy the Treasuries which can be used to repay the Fed.

Both techniques are a good way to keep the market thinking that our Treasuries continue to sell in an open market at an open price.

Transparency ? Baloney!]]> Sat, 24 Oct 2009 12:58:57 -0400
What a joke. In effect the Federal Reserve is buying all of the extra ( read unsold Treasuries) from the primary dealers and I also hear paying thse dealers a comsission just a vigorish to keep them quiet about the switcheroo from the ever generous taxpayer.

Further, there is a suspicion that the Trerasury is either discounting their paper to foreign banks or having the Fed lend these banks money at a lower rate to buy the Treasuries which can be used to repay the Fed.

Both techniques are a good way to keep the market thinking that our Treasuries continue to sell in an open market at an open price.

Transparency ? Baloney!]]> http://seekingalpha.com/article/168271-are-coal-stocks-heating-up?source=feed#comment-725916 725916 Thu, 22 Oct 2009 17:59:47 -0400