SeekingTruth

9 Comments

    • On Board the 'U.S.S. Titanic' [view article]
      Good work as always Mr. Quinn. The only question I have relates to Barney Frank. Could you please provide us a certified list of his lies. I have never known him to tell a lie that I personally could detect, and this would be genuinely educational for me. Also, if he did lie , how severe was his lie(s) compared to the other liars. Again , a fine and timely article that I could completely relate to on all fronts. You are becoming a national literary treasure in my opinion at least.
      Sep 26 05:55 PM
    • Petrobras: Great for Brazil, Not So Great for Shareholders [view article]
      To enerving markets: Well, you have certainly given me perspectives that I could never have dreamed of sitting here in America, as have some of the others also, and I find your remarks facinating and extremely valuable. I think that in addition to your valid and sensible comments (the bubble,etc) that another factor was in play, but it is only a hunch. I think that the oil movers and shakers in Brazil knew well in advance that the Saudi's/OPEC were going to INCREASE production in the face of falling demand/demand destruction (try that one on for size) in order to help assure the Republicans oil around $100 for the Fall elections, something the Saudi's/OPEC started to fine tune again today, see Bloomberg: "CRUDE OIL RISES AFTER OPEC AGREES TO TRIM EXCESS PRODUCTION". I believe this factor (inside knowledge on the prior excess production) is the factor that gave the Brazillian and foreign investors the guts and the confidence to short PBR in the face of strongly rising oil prices and not have to worry about having to ultimately cover the shorts at a bad and unprofitable time. It "is" an American/Saudi oil cartel , and the rest of OPEC just tags along, follows orders and reaps easy profits. I am in a novice learning mode as far as Brazil is concerned, and what part they play in all this, and that is why I greatly appreciate your knowledge and points of view. Please keep sharing all you can, and the others as well and best wishes to all. Sep 10 09:32 PM
    • Petrobras: Great for Brazil, Not So Great for Shareholders [view article]
      To enerving markets: Thanks for answering my question to the best of your ability, but , in part, some of the question remains: Why did foreign investors short so heavily during that time period? They must have had some special inside or very astute info to do it with many weeks of rising oil prices ahead of them, and enormous paper losses, margin calls, etc. to deal with. I still don't get it completely, but your info helpful and appreciated greatly. Sep 10 11:25 AM
    • Petrobras: Great for Brazil, Not So Great for Shareholders [view article]
      Otto, thanks for fine article, and all the interesting comments by you and others. Does anyone know "why" PBR peaked in May so far ahead of other majors and oil prices?? I have my own hunch on this, but would greatly appreciate other points of view. . As several of the commentors are highly knowledgeable on the intricacies of Brazilian oil, perhaps you and they can offer some enlightenment on this question. Sep 09 05:50 PM
    • The Election's Impact on the Market [view article]
      To "Broken". your comments are better stated and far more relevant than that of the articles and they made the comments section worth reading. I have been aware of essentially the same data and info for many years, but generally it is well camouflaged or ignored in the popular financial media. Although it will always exist to some degree, there also is less lying, cheating, fraud, abuse, debt, rape and plunder of our national institutions under non GOP admin's. Eventually, time after time, these activities add up in very negative ways in which large segments of of our society are forced to endure undeserving hardships.We are not out of the woods yet, but soon we will at least be out of the Bush's. PS: When was the last GOP admin without a major or significant banking crisis? I can't think of one. Would appreciate any solid data on this provided by anyone. Best wishes and thanks for everyone's info. Sep 03 03:47 PM
    • Playing the Market as Delinquencies Continue to Rise [view article]
      To wpdragon. I agree completely. Similar thing happening on oil prices. i.e. bring it down to $100 bbl. (at least) before the election. The geopolitical influence on markets now greater than ever esp. during election seasons. This makes shorting even riskier during these periods, so only the greatly experienced need apply. Sep 03 12:14 PM
    • America's Fiscal Crisis: Tough Decisions Needed Now [view article]
      Yes, the tragic and unnecessary carnage tops the list, but it is much worse than even that. Never are the severe second level effects stressed in enough detail. By that I mean " THE DISRUPTION/DESTRUCTION OF HUMAN FAMILIES AND LIVES" i.e. chidren at home without the benefit and nuturing of a father - something that can never be remedied or replaced, wives struggling to make it alone, communities with less of their policemen, fireman, and teachers,etc. and many other effects add to the toll, but are seldom mentioned. It is NOT just "Change " that we need, it is solid, effective, successful, and timely IMPROVEMENTS that are needed. It is NOT just "hope" that we need, to heck with "hope", what we need is ACTION and POSITIVE PROGRESS. As to the Brit question as to "How could 81 million Americans have been so stupid?" The answer is obvious: It came totally naturally, they were born that way. Aug 21 09:56 PM
    • The Great Consumer Crash of 2009 [view article]
      As someone who seeks the truth, I believe that I have found a great deal of it in this truly excellent article. I have been watching this process unfold since the early sixties, and things have held together far longer than I dreamed possible, a tribute to the ingenuity of the American people in postponing their own demise while living in an Alice in Wonderland fantasy world. I believe that your facts are substantively true and I do not require that they be exquisitely correct in every miniscule detail, as long as the basic message is correct in substance, and I think you have accomplished this in fine form. Your closing statement of "Government intervention in this natural process could lead to a decade long depression " , of course takes into account that it has already intervened , and massively so ,with much more to come. Perhaps this is the source of Depression odor that I am starting to smell so strongly in the air. Priorities, priorities. When will we ever live to our priorities? Perhaps never, and the consequences are shared and endured by all. Please continue your exemplary work. Aug 21 12:21 AM
    • What's Behind the Slide in Oil and Commodities? [view article]
      Well Done! We must not ignore prior historical facts as we seek the truth. The two prior election seasons of 2004 and 2006 saw deep plunges in oil prices, only to bounce strongly upward in the immediately following January . I am just a lay observer with no particular skills, but this has strong implications to me. If the oil price decline continues thru the fourth qtr. of 08, then this will be the third election season in a row with major oil price declines. Could the Bush admin's "brothers - in- crude" i.e. the Saudi's and OPEC be working their "surprising and unexpected" oil supply magic again? Jul 25 09:08 AM
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