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CoverIsBetter » Comments » GLD
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12 Reasons to Short Gold [View article]
LOL
LOL
12 Reasons to Short Gold [View article]
LOL
LOL
Gold Gets Hammered on Jobs Data [View article]
I do find it odd however, just how clear it is to everyone what China is or is not going to do. It would seem to me, they would want to diverge from the dollar to get even more control of their positive trade imbalance. But to champion Gold as a new standard seems like such a drastic measure.
Gold Gets Hammered on Jobs Data [View article]
I do find it odd however, just how clear it is to everyone what China is or is not going to do. It would seem to me, they would want to diverge from the dollar to get even more control of their positive trade imbalance. But to champion Gold as a new standard seems like such a drastic measure.
Options Trader: Which Way Wednesday? [View article]
Only need to hold this level for 2 more weeks, get 30% gain.
Options Trader: Which Way Wednesday? [View article]
Only need to hold this level for 2 more weeks, get 30% gain.
10 Reasons to Believe That We're in a Depression [View article]
I would be interested to hear an analysis of the effect of monetary expansion on the economy at this point. At first, it seems the first country to expand its money wins. The debt drops relative to the bills printed. The trade imbalances shift in favor of the money-printer country.
Ultimately, the other countries join suite and correct the imbalance. So at a macro-scale you have this big debt dismissal in every direction that is mostly on paper anyway.
Then I wonder at a micro-scale what this means. For a capitalist who produces and borrows, it is a quick win. For an investor, it is a quick win in the stock markets. For a laborer, the picture is good long term, but last in line to benefit from a devalued currency. And the cost of food and fuels probably rises quicker than wages.
I just have to wonder, if there are two economies. The one where you earn money and use it to buy things. The other in which you are simply jockeying for debt forgiveness.
Thanks
Options Trader: Tough-Decisions Tuesday [View article]
But seriously, who signs up for a 100 year loan? That is WAY overestimating the morality and virtue of the typical problem borrower. If people were willing to retrench that far to hold on, we would not be in this mess. Heck, I saw a perfectly healthy educated white couple getting foreclosed out of a tiny Florida ranch house on CNBC. And I am thinking, why are you not at a second job somewhere? Go steal from the register, atleast then we know you aren't lazy.
"If you ain't cheatin' you ain't tryin"
I love the persistence with which you suggest the government get closer to the problem and not just bail out banks, Phil. I only have to wonder just what we do in those "90 days of stopped foreclosure"?Freeze their ARM? You can do that last of those w/o spending any money or hiring anybody. You have a point, that we could evaluate who should get saved or not, but that leads into a real market-skewer of government corruption.
OT: What is going to happen to WaMu? Did you continue to accumulate using the covered call/put strategy?