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Machiavelli999

Machiavelli999
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  • The recent NYT editorial calling on Pres. Obama to "say no" to the Keystone pipeline (TRP) is tantamount to a declaration of war of Canada's oil sands, Financial Post's Terence Corcoran asserts. "Tar sands oil should be among the first fossil fuels we decide to leave alone," the Times says. "This is war somebody is going to lose, and [the Times] has decided on Canada," Corcoran answers. [View news story]
    I'll grant you the fact that I haven't analyzed how much Berkshire would benefit from the pipeline being denied. Still doesn't change the fact that the oil sands would still be exploited (as stated in the State Department report) and transported over rail which would produce more carbon than simply building the pipeline.

    But as usual, you don't really care about the actual effects of your policy. You just care about the vision of you standing up to big bad evil oil companies and for the environment.
    Mar 12, 2013. 11:21 PM | 3 Likes Like |Link to Comment
  • The recent NYT editorial calling on Pres. Obama to "say no" to the Keystone pipeline (TRP) is tantamount to a declaration of war of Canada's oil sands, Financial Post's Terence Corcoran asserts. "Tar sands oil should be among the first fossil fuels we decide to leave alone," the Times says. "This is war somebody is going to lose, and [the Times] has decided on Canada," Corcoran answers. [View news story]
    Except they won't be "left alone". They'll still be developed and transported over rail. Which will burn even more fossil fuels, but help Berkshire Hathaway quite a lot.
    Mar 12, 2013. 07:08 PM | 8 Likes Like |Link to Comment
  • The early retirement of BOJ Governor Shirakawa is cause for a party in Tokyo, with the Nikkei soaring 3.8%. The dollar strengthened vs. yen - nearly tapping on 2009 levels - before backing off to about unchanged on the session. BOJ board member Takehiro Sato says achieving the new 2% inflation goal would require as-yet untried QE methods. Can't wait. EWJ +1% premarket. [View news story]
    You are an idiot who has no understanding of monetary policy. Read a bit of Friedman and then talk.
    Feb 6, 2013. 12:05 PM | Likes Like |Link to Comment
  • Market recap: The S&P extended its winning streak to eight on strong reports from P&G, Halliburton and others to close above 1500 for the first time since 2007, with the next stop the 1565 high. Not too hot, not too cold: Earnings have come in better than expected, and money seems to be moving into stocks without a stampede. Treasury prices fell on signs the eurozone is healing from its sovereign debt crisis. [View news story]
    Yes, you are economically incompetent.
    Jan 25, 2013. 07:33 PM | 5 Likes Like |Link to Comment
  • Mark Zuckerberg kicks off Facebook's (FB -0.8%) event by introducing Graph Search, a tool that allows users to make queries related to shared content. One shown example: a search for college friends who live in San Francisco. Map/photo search support is included, and there are probably some opportunities for search ads that can also leverage other Facebook data. Google (GOOG +1.3%) investors don't seem concerned - the search giant's shares have actually ticked higher. (live blog) (PR[View news story]
    This is probably the same response "serious" people like you had when the idea of Facebook first came out in 2003.
    Jan 15, 2013. 06:43 PM | Likes Like |Link to Comment
  • The Bundesbank is repatriating at least part of its gold from New York (where 45% of the country's reserves are held) and Paris (11%), according to Handelsblatt. Steve Liesman says the Buba has confirmed the story, and the amounts are to be announced tomorrow. [View news story]
    And a bunch of yellow shiny metal will help them? Gold bugs are obsessed. Borderline cultists.
    Jan 15, 2013. 05:54 PM | 1 Like Like |Link to Comment
  • The Treasury sells $13B in reopened 30-year bonds at 3.07% - the first time since May that the auction's yields have topped 3%. Bid-to-cover ratio of 2.77, vs. a recent average of 2.61; indirect bidders take 37.8%. Direct bidders take 16.7%. [View news story]
    Yes he is wrong. People always think prices are getting higher. In 2009, the most deflationary year in 70 years people were asked what the inflation rate was and they said 10%. People are morons. All statistics, not just government, say we are in a very low inflation period. Even the price of gas that people like to cite is LESS than it was 5 years ago.

    But forget anecodatal evidence. Forget government evidence. There is private inflation indicators like MIT's Billion Price Index http://bpp.mit.edu/usa. Also simply think about how interest rates work. Low rates mean people don't expect inflation and are willing to hold treasury bonds that pay almost nothing. High rates mean inflation expectations are high and people require high rates of return prior to lending since they know that simply getting their money back will not suffice.

    This is very basic stuff taught by Friedman years ago. And its not that we forgot, I don't think we ever really learned it.
    Jan 11, 2013. 02:05 AM | Likes Like |Link to Comment
  • The Treasury sells $13B in reopened 30-year bonds at 3.07% - the first time since May that the auction's yields have topped 3%. Bid-to-cover ratio of 2.77, vs. a recent average of 2.61; indirect bidders take 37.8%. Direct bidders take 16.7%. [View news story]
    Tell that to Japan. They haven't had inflation in 20 years despite countless rounds of money printing. And yet people like you are predicting hyper-inflation there, just like here, any day now, AAAAaaany day.

    How many decades of being wrong will it take you to change your mind? Obviously 2 is not enough. Three? Five? A century?
    Jan 10, 2013. 06:59 PM | 2 Likes Like |Link to Comment
  • The Treasury sells $13B in reopened 30-year bonds at 3.07% - the first time since May that the auction's yields have topped 3%. Bid-to-cover ratio of 2.77, vs. a recent average of 2.61; indirect bidders take 37.8%. Direct bidders take 16.7%. [View news story]
    ^^^^^^^^economic incompetence
    Jan 10, 2013. 05:37 PM | 4 Likes Like |Link to Comment
  • The Treasury sells $13B in reopened 30-year bonds at 3.07% - the first time since May that the auction's yields have topped 3%. Bid-to-cover ratio of 2.77, vs. a recent average of 2.61; indirect bidders take 37.8%. Direct bidders take 16.7%. [View news story]
    I think there are about three contradictions in your two sentences. Impressive and a whole lot of economic incompetence.

    Let's list them just for fun.

    First of all, to say that 3% rates means rates are rising shows some real lack of historical perspective. Rates are still super super low. Wait, I don't think I made my point clear. Rates are SUPER SUPER DUPER SUPER LOWW!!!!!!

    Second, rising rates is actually a sign of increasing INflation expectations, not deflation.

    Finally, rising rates is actually a good sign. Rates usually fall in deflationary crashes (see Japan or Great Depression or Great Recession). Increasing rates means inflation expectations are increasing because of better economic prospects.
    Jan 10, 2013. 05:36 PM | 4 Likes Like |Link to Comment
  • House Republicans won't bring their "Plan B" tax-cut proposal to a vote tonight, as Speaker John Boehner says he doesn't have the votes; the House will recess until after Christmas. DJIA futures slip 0.2%. Boehner: "Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff." Updated: S&P 500 e-Mini futures dive, limit down. [View news story]
    Forget the polls, look at the latest election results. Yes, Cincinnatus, people are blaming GOP for everything.
    Dec 21, 2012. 01:23 PM | 1 Like Like |Link to Comment
  • House Republicans won't bring their "Plan B" tax-cut proposal to a vote tonight, as Speaker John Boehner says he doesn't have the votes; the House will recess until after Christmas. DJIA futures slip 0.2%. Boehner: "Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff." Updated: S&P 500 e-Mini futures dive, limit down. [View news story]
    The sheeple are not clamoring for tax relief and spending cuts. Nor will they ever. In history, as long as the economy does poorly, people push the country more and more to the left.
    Dec 21, 2012. 10:30 AM | Likes Like |Link to Comment
  • House Republicans won't bring their "Plan B" tax-cut proposal to a vote tonight, as Speaker John Boehner says he doesn't have the votes; the House will recess until after Christmas. DJIA futures slip 0.2%. Boehner: "Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff." Updated: S&P 500 e-Mini futures dive, limit down. [View news story]
    Richandmer, so you are standing up against Obama and his plan to raise taxes on people making over $250k, by......in effect raising taxes on EVERYONE!! Good plan there buddy.

    This is about living in reality or living in fantasy land. This is about realizing the effects of your political actions or clinging to idealogical purity. After the "Plan B" fiasco, everyone will rightly blame the GOP for us going over the cliff.
    Dec 21, 2012. 10:28 AM | 1 Like Like |Link to Comment
  • House Republicans won't bring their "Plan B" tax-cut proposal to a vote tonight, as Speaker John Boehner says he doesn't have the votes; the House will recess until after Christmas. DJIA futures slip 0.2%. Boehner: "Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff." Updated: S&P 500 e-Mini futures dive, limit down. [View news story]
    The Republicans just committed mass suicide today. If we even had a 3 party system, they would quickly become extinct. Even in our system, they may soon go the way of the Whigs.
    Dec 20, 2012. 11:30 PM | 2 Likes Like |Link to Comment
  • While much attention has focused on averting the fiscal cliff, the U.S. is just $66B below its $16.4T debt ceiling, which it's due to hit towards the end of the month. Treasury would then embark on some fiscal maneuvering that could buy it another 6-10 weeks. As with the fiscal cliff , Republicans want cuts to entitlement programs before agreeing to increase the debt limit again. [View news story]
    How stupid our modern conversation has become? Going through an arcane political procedure to avoid a financial meltdown is now called 'caving'. We are screwed, screwed, screwed.
    Dec 17, 2012. 12:22 AM | Likes Like |Link to Comment
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