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  • The European Commission is blocking the French government's €10.5B plan to shore balance sheets of France's six main retail banks, insisting the banks must first reduce their lending. France is fuming over the intervention.  [View news story]
    reduce lending ????? Do these people know anything about economics ? I guess europe is in for a very very long recession if they are telling banks to hoard cash right now .
    Dec 01 08:48 am |Rating: 0 0 |Link to Comment
  • Citi's Underwhelming Bailout [View article]
    As a customer of citibank and not a shareholder I can say they are honestly the best big bank out there(customer service wise) and this is really a shame that they are overextended where they look obese .
    Felix good article -this is a quick fix because the bailout package isnt big enough to cover citibank I would expect to see Paulson back in front of congress shortly for more cash as this rolls along - also that money which is off the books now may be forced on to the books in a couple of months if you look at the what the G20 decided to do last weekend -I think those shadow assets being forced onto the books in the near future is what caused Citis giant fall to below 4.00 a share - This crisis is like an alcoholic anonymous meeting ..One bank at a time . If there are any other banks out there with large shadow assets off the books expect them to get the same treatment
    Nov 24 09:20 am |Rating: +1 0 |Link to Comment
  • Buffett's Gamble: $40 Billion Bet on Volatility  [View article]
    it is easy to win when you play with a stacked deck like buffets
    Nov 24 09:00 am |Rating: 0 0 |Link to Comment
  • The Stock Market Is Not the U.S. Economy [View article]
    You are right the economy and wall street has been 2 different things for years - the 2 are like comparing apples to oranges - Prudentinvestor makes a great point and I think these two worlds are now colliding as the bubble on wall street collapses(things really werent that great for the market to have been as high as it was for so long ) -now that wall street is aware of that things arent that great I expect it will get much worse for both -
    as for the world economy it doesnt seem to have a heartbeat and has literally flatlined if you look at the baltic dry index which has dropped close to 0 and now is just a steady line
    Nov 14 08:48 am |Rating: 0 0 |Link to Comment
  • Gold Bugs Beware [View article]
    Adam -
    lets say in march 08 I bought all of my gold at 1000/ounce without dollar cost averaging - with that one ounce at the time(march 08) I could trade it in for 364 gallons of unleaded gasoline(gas was 2.75/ gal nymex mar 08)- Today I could sell the same ounce at $720.00 and buy 497.55 gallons at 1.45 a gallon.you get pretty much the same result across the board -wheat -oil- nat gas-copper -silver- Thats value in a deflationary situation
    my point being price doesnt matter to a gold bug as much as him maintaining his purchasing power - is he upset prices arent acting better in the current situation ? absolutely , but the preservation of purchasing power outweighs it and risk is at a minimum (if no leverage)- the strong dollar- yen could turn in 24 hours or 10 weeks but it will happen very quickly who wants that risk?


    Nov 13 13:00 pm |Rating: +2 0 |Link to Comment
  • Gold Bugs Beware [View article]
    Your analysis is great -except for one thing. You dont take into account the goldbug(just as many permabears in equity markets think the dow should be at much much lower levels fundamentally speaking but fail to take bulls into account) -The goldbugs are true bulls -many are dollar cost averaging and the price whether up or down, it signals buy -buy- buy . I think you may ruffle some of their feathers with this article-being they are goldbugs - The spread between physical prices and paper is where you will here it most
    Nov 13 09:05 am |Rating: +1 -1 |Link to Comment
  • The Most Misunderstood Chart of All Time [View article]
    wow - the comments pretty much say it all - and I agree with 99% of them
    although Weiss is a permabear and usually gets his but kicked by a rebounding stock market -I cant help but think he may be right this time -

    I read a saying the other day it said "bulls never look at history or completely disregard it saying the worst could never happen ..." ( I added this part)
    "...and bears disregard bulls in their fundamental analysis" That is why things are never as bad as they fundamentally should be
    Nov 12 12:09 pm |Rating: 0 0 |Link to Comment
  • Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?  [View article]
    your article -is a joke all union contracts are negotiated with management who decide what to pay benefits holidays etc - also seems like US car industry is way behind in the product developement curve ( I mean even 10 year olds 20 years ago knew about peak oil and greenhouse gases ) - this is bad management for the last 30+ years (obviously the industry learned nothing from the 70's ) -How about bailout labor and all white collar jobs go to honda -toyota or any other on top of their game car manufacturer
    Nov 11 14:59 pm |Rating: 0 0 |Link to Comment
  • Obama's Green Obsession: More Harm Than Good? [View article]
    Denmark is one country from whose energy mistakes have been ignored. It allowed itself to be conned by green fanatics in to diverting masses of scarce capital into building wind farms, much to the disgust of real scientists and engineers. The country is now in the ridiculous situation where its theoretical generating capacity is three times that of peak demand.

    am I mistaken or does this excerpt from your article show that denmark is energy sufficient times 3 - if so what is the problem with a country who has more energy resources than it needs?-am I reading this wrong
    Nov 11 13:48 pm |Rating: +2 -1 |Link to Comment
  • The Fed Money Machine Gears Up to Print Trillions [View article]
    "it is a matter of when not if " - how can you default on money which isnt backed by anything? -it is created through thin air and all debts could be paid back tomorrow theoretically - The real question is when does a dollar become worthless ? When the debt is monetized not carried over to new debt seems to be the answer or when no one is willing to buy anymore debt to justify printing more of it .
    Nov 11 12:26 pm |Rating: +1 0 |Link to Comment
  • A Capitalist Reformation [View article]
    healthcare = extortion today. The prices will be forced down it should definitely not be a growth industry with the exception that there are more old people than young-

    I always thought of the banks as the "house". I never thought they were stupid enough to actually be companies with gambling problems .The only sure thing is death and taxes and banks have definitely not been paying taxes over the last 20 years .

    Automakers should have been looking into the future not into how to cut costs and quality while lining their executives pockets -

    as for a reformation it will never take place as long as lobbyists and corporatists calling themselves democrats and republicans roam the halls of washington. Corporatism is what has caused all of this and it is now blatantly apparent it will continue until it breaks the bank (US govt) which is funded by its shareholders the taxpayers ..
    Nov 06 11:59 am |Rating: 0 -1 |Link to Comment
  • Will We Know When We've Made a Low? [View article]
    that would be a buy and hold strategy - and a very large bottle of pepto
    Oct 17 14:42 pm |Rating: 0 0 |Link to Comment
  • Will We Know When We've Made a Low? [View article]
    so 2 months from oct 14-
    Oct 17 14:40 pm |Rating: 0 0 |Link to Comment
  • Will We Know When We've Made a Low? [View article]
    does it matter if you catch the bottom looking at the charts? No . Everybody thinks this market has 1 or 2 more tanking sessions in it before we hit bottom - the govt bailouts havent been tested yet -in other words nothing has happened where anything they have done is going to work - this may sound crazy but you need a big bearish event here and the financials are left standing -that I think will instill confidence in the market -other than that a long bumpy volatile ride -
    but if you look at your charts if you were to invest exactly 2 months after the initial extremly large move down - you would always catch the wave up
    Oct 17 14:22 pm |Rating: 0 0 |Link to Comment
  • Have Investors Reached the Point of Maximum Pessimism?  [View article]
    agree with user143167

    people are optimistic -in the current situation - a must read cut and paste into your browser

    seekingalpha.com/artic...

    Oct 17 09:24 am |Rating: 0 0 |Link to Comment
Mr.G's
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