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wiseinvestorsdaily

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  • Chop, Chop, Choppin' At The Fed's Front Door [View article]
    "part time employment is on the rise, full time employment is on the decline, the labor participation rate is at a 30+ year low, and wages have been stagnant or dropping. "

    I could not agree more.
    May 22, 2015. 10:39 AM | 1 Like Like |Link to Comment
  • Chop, Chop, Choppin' At The Fed's Front Door [View article]
    germiller,
    You are talking about "highly skilled" jobs requiring a higher level of education. I think stockman is referring to average middle income breadwinning jobs of the past that might just require a high school diploma. This is where stockman is wrong and in my opinion living in the 1960's-70's.

    That being said, I do agree with you though. As we all know, technology and outsourcing has led to a drop in less skilled manufacturing jobs in the US those used to be "breadwinner" jobs. More technical skills are required however our public education system does not produce this outcome very well. We have millions of college students who graduate from 4 years of college with useless degrees.
    May 21, 2015. 01:09 PM | Likes Like |Link to Comment
  • Silver Wheaton: The Death Of The Only Silver Streaming Company [View article]
    Rodgers Fetters,
    Covered Calls. Wait it out.
    May 19, 2015. 07:03 PM | Likes Like |Link to Comment
  • Silver Wheaton: The Death Of The Only Silver Streaming Company [View article]
    "I think that there is a lot of silver streaming possibilities where SLW can negotiate very good conditions. "

    That's a dangerous path. As Smallwood has stated, they are only looking to deals with mines in the top quartile. So far they have done a pretty good job with this and allows me, as an investor, to sleep at night.
    May 19, 2015. 06:59 PM | Likes Like |Link to Comment
  • Silver Wheaton: The Death Of The Only Silver Streaming Company [View article]
    Svetoslav,
    Spot on mate. Apparently very few actually listen to the conference calls or listen to Smallwood give an interview. He has made it clear why they have done the deals they have. It has to make sense. They are very conservative with what miners they do business with. They have to be the top tier low cost producers. Meaning that if we see a dramatic decline in metal prices, the mines they have a vested interest in are still producing. That is their primary goal. If its gold or silver, that is secondary.
    May 19, 2015. 06:57 PM | 3 Likes Like |Link to Comment
  • Silver Standard Resources Had A Better Q1 Than I Expected [View article]
    Nice article and I like the options strategy.
    May 16, 2015. 06:21 PM | Likes Like |Link to Comment
  • See No Evil: What We Chose To Ignore In The April Jobs Report [View article]
    "If you invest with Schiff you will be in a depression for a long time."

    Any facts to refute above article? Didn't think so. Keep on living in your fairytale.
    May 15, 2015. 01:04 PM | Likes Like |Link to Comment
  • See No Evil: What We Chose To Ignore In The April Jobs Report [View article]
    http://cnb.cx/1qdo3pb

    Yeah his clients are really hurting...
    May 14, 2015. 12:20 PM | 1 Like Like |Link to Comment
  • The Embarrassment Of Transparency [View article]
    "I'd say the fomc has had the same forecasting accuracy as Peter Schiff. 90% of the time they are both wrong."

    Pretty sure Peter was spot on about the housing bubble and I think he is be spot on about the next collapse.

    That being said, the Fed holds a little more weight since they control our nations money supply. So hard to compare the two. Just sayin'
    May 8, 2015. 03:57 PM | Likes Like |Link to Comment
  • The Embarrassment Of Transparency [View article]
    "Now it is true that the Federal Reserve Bank (FRB) may no effort to stop the falling rates but neither did the market"

    A decline in rates would have been temporary as the economy deleveraged. Again Fed policy pushed rates down and investors followed, this is not even debatable. The Fed freely admits the purpose of QE.

    "Falling rates were consistent with low demand for credit. Who wanted to borrow money toward the end of 2008?"

    And this is a bad thing? A period of deleveraging was need. Keynesians live in a magical realm where growth is perpetual. The Fed interrupted the natural deleveraging process by flushing the banks with cheap money. Would there have been pain? Yep but we would be far better off today instead of burdened with even more debt. The Fed merely postponed the pain and actually made it much worse.

    "That debt was already sold before the FRB bought it. "

    Who is the bondholder and who is the borrower. Once the Fed takes possession of the note they become the bondholder. It matters little who bought it first. You guys are just silly.
    May 7, 2015. 07:20 PM | Likes Like |Link to Comment
  • The Embarrassment Of Transparency [View article]
    David - "I noted that in November of 2008 the Effective Federal Funds Rate (EFFR) was 0.39% and today it is 0.11%, a change of 28 basis points. This was achieved, unintentionally it is true, through Open Market Operations."

    It was not done unintentionally. Dropping the FFR and continued QE policy helped to drive both short term and long term rates down. Any market reaction (hedge funds, banks etc buying US treasuries) to this was driven by Fed policy. Those who jumped into US treasuries during the years of QE have been well rewarded as rates declined. It's interesting to hear that "natural" market pressure would have drove down rates. This is completely false. The Fed jumped in and large financial institutions followed. It's a classic follow the leader, don't fight the Fed strategy. A good analyst/investor can see this. I'm startled you still believe the Fed is this rather benign institution when they are clearly driving the market.

    "The Federal Reserve Bank does not lend money to the United States Treasury. "

    So the Federal Reserve owns zero US Treasuries Notes?

    Last I checked they have $2.4 Trillion in US treasuries on their balance sheet. When someone buys a US treasury note they are lending the treasury money. That's how it works my friend.
    May 7, 2015. 02:02 PM | Likes Like |Link to Comment
  • The Embarrassment Of Transparency [View article]
    David,

    Simple question, how do banks set the prime rate? I will give you a hint, its off the Fed funds rate. Although the Fed has no direct control over the prime rate, they do directly control the fed funds rate (rate at which banks lend to one another). So to say the fed has no control over interest rates is a fallacy. They set the fed funds rate thus indirectly controlling the prime rate (rate at which lending to businesses and consumers is based). They know this.

    Not to mention, they have the power to increase or decrease the supply of money. You call it "liquidity" or volume. That is the greatest power ever given to one institution. You can downplay this all you want but you would be defying the reality of the current situation.
    May 7, 2015. 10:28 AM | 1 Like Like |Link to Comment
  • Silver Wheaton: Investors Can Expect More Downside [View article]
    Not to mention all the new medical applications for silver in the last decade.

    Silver has been at a deficit for years. Not sure why people keep saying we are "oversupplied". HSBC came out with a report last year that we will see a 11 million ounce deficit this year. I think that's pretty aggressive since currently the deficit is only around 4.9 million ounces.
    May 6, 2015. 06:17 PM | 1 Like Like |Link to Comment
  • WSJ Editorial Page Watch: 'The Slow-Growth Fed'? [View article]
    Except Ben Bernanke's theory on monetary policy ie QE, ZIRP bailed out politicians from making the tough fiscal policy decisions. Coordination works both ways.
    May 1, 2015. 12:32 PM | Likes Like |Link to Comment
  • Give'em The Old Razzle Dazzle [View article]
    AA wrote: "If this process goes on, eventually the U.S. starts to resemble Venezuela or Cuba or Russia before their revolutions."

    In all these situations it was the government policies that led to the wealth gap. We can blame the wealthy all they want, but its government & Fed policy that has made them wealthier.

    "This is a discussion that every free society needs to have"

    In a true free society, each individual is accountable for their own actions and rewarded for their labor. You are searching for a place in between.You either have freedom or you don't. Freedom is the great equalizer in society, not government mandates or progressive tax systems.
    Mar 27, 2015. 11:49 AM | Likes Like |Link to Comment
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480 Comments
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