Moon Kil Woong's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/265539/comments http://seekingalpha.com/article/179929-chicago-fed-why-we-are-still-in-recession?source=feed#comment-824176 824176 Mon, 28 Dec 2009 19:44:55 -0500 http://seekingalpha.com/article/179941-why-i-am-skeptical-about-government-data?source=feed#comment-824170 824170
This is a screwy economy mainlty because of government shennaniganism that has turned common sensibilities on their head. Why should a bank settle a loan going into default when they can hope the defaults get so bad that the gobvernment will take them off their hands or finance it with public money? There is a strong incentive to make things just bad enough to get the government to start the money dole.

This is being played out across America in many forms. All the while masking the true depths of the economy's woes and continued stagnation. ]]> Mon, 28 Dec 2009 19:34:58 -0500
This is a screwy economy mainlty because of government shennaniganism that has turned common sensibilities on their head. Why should a bank settle a loan going into default when they can hope the defaults get so bad that the gobvernment will take them off their hands or finance it with public money? There is a strong incentive to make things just bad enough to get the government to start the money dole.

This is being played out across America in many forms. All the while masking the true depths of the economy's woes and continued stagnation. ]]> http://seekingalpha.com/article/179890-positioning-for-2010-10-seeking-alpha-contributors-ready-their-portfolios?source=feed#comment-824154 824154
It will be a cold day in hell before money managers are tracked and rated fairly and accurately. In the meantime, we get to see general ranting and raving. An honest guy would open their book or give us data so we can track how they do. The simple fact is quite clear: For all their gusto most money managers usually don't want to be tracked or held to their record for obvious reasons. Cramer isn't the only one that doesn't like his calls actually monitored. It takes away from their aura of actually being better than the market when we know that most don't beat the market, or due so with a large dollup of added risk.]]> Mon, 28 Dec 2009 19:03:57 -0500
It will be a cold day in hell before money managers are tracked and rated fairly and accurately. In the meantime, we get to see general ranting and raving. An honest guy would open their book or give us data so we can track how they do. The simple fact is quite clear: For all their gusto most money managers usually don't want to be tracked or held to their record for obvious reasons. Cramer isn't the only one that doesn't like his calls actually monitored. It takes away from their aura of actually being better than the market when we know that most don't beat the market, or due so with a large dollup of added risk.]]> http://seekingalpha.com/article/179972-the-return-of-gdp-bonds?source=feed#comment-824138 824138
In the end economists need metrics that are devised to tell fact, free from the fetters of gambling which begs for them to be rigged in one way or another for some market participant who is often the government itself.]]> Mon, 28 Dec 2009 18:42:06 -0500
In the end economists need metrics that are devised to tell fact, free from the fetters of gambling which begs for them to be rigged in one way or another for some market participant who is often the government itself.]]> http://seekingalpha.com/article/179970-it-s-impossible-to-price-a-cdo?source=feed#comment-823820 823820 Mon, 28 Dec 2009 12:54:09 -0500 http://seekingalpha.com/article/179880-fannie-and-freddie-the-gifts-that-keep-on-giving?source=feed#comment-823810 823810
This is just another authorization to dump risk from a government loved financial corporation onto the taxpayer and a way at Bernanke and the Federal Reserve to thumb their nose at the naysayers repeating, "Nanny nany nanny, we can make unlimited money. What are you gonna do about it? Go cry forclosed home to Fannie." This action is irresponsible, childish, pathetic, and all together in keeping with the expectation we have of the Federal Reserve.]]> Mon, 28 Dec 2009 12:48:07 -0500
This is just another authorization to dump risk from a government loved financial corporation onto the taxpayer and a way at Bernanke and the Federal Reserve to thumb their nose at the naysayers repeating, "Nanny nany nanny, we can make unlimited money. What are you gonna do about it? Go cry forclosed home to Fannie." This action is irresponsible, childish, pathetic, and all together in keeping with the expectation we have of the Federal Reserve.]]> http://seekingalpha.com/article/179893-retiree-income-data-point-of-the-day?source=feed#comment-823226 823226
Also America should start learning to care about the savers rather than the spenders a bit more. If it did we probably wouldn't have had the downturn to begin with. So my sympathy goes to the responsible savers. In my book, zirpish rates are just another policy extension of punishing those that live within their means in order to reward those that don't.]]> Mon, 28 Dec 2009 01:32:11 -0500
Also America should start learning to care about the savers rather than the spenders a bit more. If it did we probably wouldn't have had the downturn to begin with. So my sympathy goes to the responsible savers. In my book, zirpish rates are just another policy extension of punishing those that live within their means in order to reward those that don't.]]> http://seekingalpha.com/article/179772-verifone-is-gregory-pepin-s-highest-conviction-holding-here-s-why?source=feed#comment-823220 823220 Mon, 28 Dec 2009 01:15:54 -0500 http://seekingalpha.com/article/179842-after-fannie-freddie-ultra-bailout-expect-new-homeowner-program?source=feed#comment-822904 822904
Perhaps they mean everyone be indebted more than your assets, but that's just about all. Fannie and Freddie are merely a means of transferring bad loans from banks to the taxpayer. It has been this way since their inception. It merely is more transparent today. The housing market was socialized the day Fannie and Freddie were involved in a majority of non-jumbo loans. That was the bank's gold rush signal to try to saddle Americdans with as much debt as possible regardless of their ability to pay.

They are still doing it today. Last, I must state, a homeowner who has no net positive equity in their home is not a homeowner and no benefit is endowed upon them for owning that home, only liability. Encouraging this state is more fraudulent and worse for the victim than if they had chosen to rent. I don't see anyone, from politicians to bankers advising people of this fact, although bankers very much know this to be true.]]> Sun, 27 Dec 2009 18:01:34 -0500
Perhaps they mean everyone be indebted more than your assets, but that's just about all. Fannie and Freddie are merely a means of transferring bad loans from banks to the taxpayer. It has been this way since their inception. It merely is more transparent today. The housing market was socialized the day Fannie and Freddie were involved in a majority of non-jumbo loans. That was the bank's gold rush signal to try to saddle Americdans with as much debt as possible regardless of their ability to pay.

They are still doing it today. Last, I must state, a homeowner who has no net positive equity in their home is not a homeowner and no benefit is endowed upon them for owning that home, only liability. Encouraging this state is more fraudulent and worse for the victim than if they had chosen to rent. I don't see anyone, from politicians to bankers advising people of this fact, although bankers very much know this to be true.]]> http://seekingalpha.com/article/179858-quantitative-easing-in-the-eurozone?source=feed#comment-822893 822893
As for the US, the debt clock doesn't include the unfunded liabilities which makes our government obligations look patently absurd. They are. That's why the youth of today don't expect to get a penny from Social Security after the boomers are through with it.

It makes you wonder when if ever the world's governments will face the reality about the absolute mess they have created being irresponsible for decades. ]]> Sun, 27 Dec 2009 17:47:25 -0500
As for the US, the debt clock doesn't include the unfunded liabilities which makes our government obligations look patently absurd. They are. That's why the youth of today don't expect to get a penny from Social Security after the boomers are through with it.

It makes you wonder when if ever the world's governments will face the reality about the absolute mess they have created being irresponsible for decades. ]]> http://seekingalpha.com/article/179852-a-questionable-housing-policy?source=feed#comment-822884 822884
It is essentially like debt deflation. The longer you hold on the debt (as opposed to currency deflation) the lower the loss gets. Thus there is no need to settle now. The longer you wait the assumption is the better deal you will get. Is this good for the market? Certainly not. It is a wonder everyone doesn't stop paying their mortgage and demand an immediate workout. That is the rational, although not moral conclusion to what the government is encouraging.

They are not helping anything. Once banks figure out the longer they hold onto losses the worse it gets they will try to find ways to mitigate them. Once defaulted homeowners figure out the solvent people in the US will not negate their commitments for them they will have to face reality. It is certainly not a Christmas like attitude, but econpomic reality must be faced sooner or later. Otherwise, the free market will cease to be a market at all and we will never recovwer from our economic crisis. ]]> Sun, 27 Dec 2009 17:32:51 -0500
It is essentially like debt deflation. The longer you hold on the debt (as opposed to currency deflation) the lower the loss gets. Thus there is no need to settle now. The longer you wait the assumption is the better deal you will get. Is this good for the market? Certainly not. It is a wonder everyone doesn't stop paying their mortgage and demand an immediate workout. That is the rational, although not moral conclusion to what the government is encouraging.

They are not helping anything. Once banks figure out the longer they hold onto losses the worse it gets they will try to find ways to mitigate them. Once defaulted homeowners figure out the solvent people in the US will not negate their commitments for them they will have to face reality. It is certainly not a Christmas like attitude, but econpomic reality must be faced sooner or later. Otherwise, the free market will cease to be a market at all and we will never recovwer from our economic crisis. ]]> http://seekingalpha.com/instablog/98115-john-lounsbury/41029-lloyd-blankfein-financial-times-man-of-the-year?source=feed#comment-822871 822871 Sun, 27 Dec 2009 17:16:17 -0500 http://seekingalpha.com/article/179894-teflon-buffett?source=feed#comment-822866 822866
As far as I am concerned no one in the Berkshire Hathaway group is qualified to succeed him. And undoubtedly, even if there was many investors would still vote with their feet and exit this titanic. Conglomerates tend to inevitably become horrible investment tools. I congratulate Buffet for keeping this central tendency at bay from Berkshire during his tenure. It is no small feat.]]> Sun, 27 Dec 2009 17:11:09 -0500
As far as I am concerned no one in the Berkshire Hathaway group is qualified to succeed him. And undoubtedly, even if there was many investors would still vote with their feet and exit this titanic. Conglomerates tend to inevitably become horrible investment tools. I congratulate Buffet for keeping this central tendency at bay from Berkshire during his tenure. It is no small feat.]]> http://seekingalpha.com/article/179756-latvia-back-in-the-news-with-more-to-come?source=feed#comment-821982 821982
Lincoln chose greenbacking. Because of it, our currency is green but not debt free anymore and the US is not 2 countries today. It's something to think about.]]> Sat, 26 Dec 2009 14:27:21 -0500
Lincoln chose greenbacking. Because of it, our currency is green but not debt free anymore and the US is not 2 countries today. It's something to think about.]]> http://seekingalpha.com/article/179841-fannie-freddie-what-does-treasury-know?source=feed#comment-821974 821974 Sat, 26 Dec 2009 14:19:28 -0500 http://seekingalpha.com/instablog/226469-steven-hansen/41114-no-w-in-new-year?source=feed#comment-821972 821972
This is what continues to perplex the market. Segmented money supply and selective asset bubbles are not normal market events. Until the market figures out that the free market signals have been completely compromised people will continue to draw wrong conclusions. Money supply will remain constrained in the market as recovery is supressed an unemployment remains elevated, while money supply in the banking sector will froth over into commodities, stocks, and anywhere else the government is permissive of banks dumping their loads of public financed free cash. As public cash floods into the banks, since it is financed through public debt, the free market money supply can be contracted even further to stymie inflation if needed through higher taxation.

The absurdity of too much money created and not enough money in the system in any other age would cause outrage. Especiallly if it causes dollar devaluation which further taxes the general public.

Thus we can have a bankers goldilocks scenario where bankers asets rise along with liquidity which can be farmed into commodities and equities which rise, yet inflation remains tame because public money supply is shrinking crimping the service sector to offset the price increases resulting in persistent unemployment and no recovery.

Of course, this is all macroeconomics which no one cares about because it's not easily fungable into profits to any but those controlling money supply. So naturally only bankers need to worry about the net effect; publically funded wholesales asset transfer to the banking sector. All you need to worry about is how to pay your bills with a shrinking public sector money supply and increases in national debt servicing and higher taxes in the future.

Just a thought to ponder in the new year. ]]> Sat, 26 Dec 2009 14:14:24 -0500
This is what continues to perplex the market. Segmented money supply and selective asset bubbles are not normal market events. Until the market figures out that the free market signals have been completely compromised people will continue to draw wrong conclusions. Money supply will remain constrained in the market as recovery is supressed an unemployment remains elevated, while money supply in the banking sector will froth over into commodities, stocks, and anywhere else the government is permissive of banks dumping their loads of public financed free cash. As public cash floods into the banks, since it is financed through public debt, the free market money supply can be contracted even further to stymie inflation if needed through higher taxation.

The absurdity of too much money created and not enough money in the system in any other age would cause outrage. Especiallly if it causes dollar devaluation which further taxes the general public.

Thus we can have a bankers goldilocks scenario where bankers asets rise along with liquidity which can be farmed into commodities and equities which rise, yet inflation remains tame because public money supply is shrinking crimping the service sector to offset the price increases resulting in persistent unemployment and no recovery.

Of course, this is all macroeconomics which no one cares about because it's not easily fungable into profits to any but those controlling money supply. So naturally only bankers need to worry about the net effect; publically funded wholesales asset transfer to the banking sector. All you need to worry about is how to pay your bills with a shrinking public sector money supply and increases in national debt servicing and higher taxes in the future.

Just a thought to ponder in the new year. ]]> http://seekingalpha.com/article/179629-defining-the-santa-claus-rally-and-the-january-effect?source=feed#comment-821215 821215 Fri, 25 Dec 2009 07:45:12 -0500 http://seekingalpha.com/article/179703-holiday-cheer-tarp-repayments-reach-164-billion?source=feed#comment-821214 821214
If you think what banks repaying TARP are no longer dumping risk onto taxpayers look at the US owned Fannie Mae and Freddie Mac that are buying trillions of questionable mortgages at terrible rates from banks still. Or the Federal Reserve that has to buy those loans in mortgage bonds just so they will have enough cash to buy even more. This little switch all liability to taxpayers is already $5.5 trillion dollars strong and growing.

Government has found new ways to hide the fact that they are priming things for the taxpayer to get shafted yet again sometime down the road. And it appears it will be much larger and worse than this time around.

$164 billion is just a drop in the bucket. Banks are still dependent on free government money and government shifting liability from TBTF institutions onto taxpayers. Indeed this is only holiday cheer for government dependent financial institutions like Citibank, AIG, etc., etc. For you... the grinch.]]> Fri, 25 Dec 2009 07:41:00 -0500
If you think what banks repaying TARP are no longer dumping risk onto taxpayers look at the US owned Fannie Mae and Freddie Mac that are buying trillions of questionable mortgages at terrible rates from banks still. Or the Federal Reserve that has to buy those loans in mortgage bonds just so they will have enough cash to buy even more. This little switch all liability to taxpayers is already $5.5 trillion dollars strong and growing.

Government has found new ways to hide the fact that they are priming things for the taxpayer to get shafted yet again sometime down the road. And it appears it will be much larger and worse than this time around.

$164 billion is just a drop in the bucket. Banks are still dependent on free government money and government shifting liability from TBTF institutions onto taxpayers. Indeed this is only holiday cheer for government dependent financial institutions like Citibank, AIG, etc., etc. For you... the grinch.]]> http://seekingalpha.com/article/179836-why-goldman-could-go-short-mortgages?source=feed#comment-821211 821211
I would like to think most banks are more honest than that.]]> Fri, 25 Dec 2009 07:30:07 -0500
I would like to think most banks are more honest than that.]]> http://seekingalpha.com/article/179827-why-interest-rates-will-almost-certainly-rise-in-2010?source=feed#comment-820769 820769
The fact that the Federal Reserve will not curb their dole out guarantees to Freddie Mac and Fannie Mae even at a total risk of $400 billion is disenheartening as to the Federal Reserve's commitment to reversing QE and to any sense of rational behavior as to limiting taxpayer risk and money. Thus, knowing Bernanke, it is entirely possible the Federal Reserve backs out of exiting QE and doing anything about uncontrolled liquidity caused by it's super-Greenspanish behavior.

Still, strangely it all hinges on the Fed's action. So much for capitalism. We are a state run economy, hanging on every breath of bureaucrats rather than looking at real economic signals these days. Economists should be weeping this holiday season. They are becoming obsolete.]]> Thu, 24 Dec 2009 17:05:56 -0500
The fact that the Federal Reserve will not curb their dole out guarantees to Freddie Mac and Fannie Mae even at a total risk of $400 billion is disenheartening as to the Federal Reserve's commitment to reversing QE and to any sense of rational behavior as to limiting taxpayer risk and money. Thus, knowing Bernanke, it is entirely possible the Federal Reserve backs out of exiting QE and doing anything about uncontrolled liquidity caused by it's super-Greenspanish behavior.

Still, strangely it all hinges on the Fed's action. So much for capitalism. We are a state run economy, hanging on every breath of bureaucrats rather than looking at real economic signals these days. Economists should be weeping this holiday season. They are becoming obsolete.]]> http://seekingalpha.com/article/179818-mid-cycle-meltdown-parsing-today-s-jobless-claims-report-12-24-2009?source=feed#comment-820763 820763
Is this lingering limbo better than a sharp collapse and a real bottom? We may never know, because the government has learned American's can endure any amount of givaways, pork, fraud, and waste whenever there is an economic downturn.

Things have never been better in Washington DC. States will lose their rights as they beg for bailouts. Obama made government agencies even more bloated. Banks and financials own more of the US than they have in decades. Whole segments of the economy have been socialized. And no one cares how much money the Federal Reserve makes or who it dispenses it to at the cost of a dwevalued dollar.

This Christmas is a very jolly one in Washington DC indeed. Unfortunately, you are the designated Santa Claus, your assets are the presents, and the US dollar is the goose they have been carving up and consuming.]]> Thu, 24 Dec 2009 16:58:48 -0500
Is this lingering limbo better than a sharp collapse and a real bottom? We may never know, because the government has learned American's can endure any amount of givaways, pork, fraud, and waste whenever there is an economic downturn.

Things have never been better in Washington DC. States will lose their rights as they beg for bailouts. Obama made government agencies even more bloated. Banks and financials own more of the US than they have in decades. Whole segments of the economy have been socialized. And no one cares how much money the Federal Reserve makes or who it dispenses it to at the cost of a dwevalued dollar.

This Christmas is a very jolly one in Washington DC indeed. Unfortunately, you are the designated Santa Claus, your assets are the presents, and the US dollar is the goose they have been carving up and consuming.]]> http://seekingalpha.com/article/179820-is-there-a-goldman-cdo-scandal?source=feed#comment-820757 820757
So you tell me? How is this honest, legal, ethical, or decent in any way, shape, or form? Sure buyers beware is a good mantra. But Goldman was the in on the buy, the sell, the valuation, the issuance, the middleman, the bailout, and the payoff. They knew more about how bad this deal was than anyone and obviously more than AIG.

In the end, the taxpayer was the buyer. Sure, as a taxpayer I would never buy aid help or bailout AIG. A lot of good that does us ehhh? As for other people they crooked out of money, I agree regulators should insure there is never such a blatant conflict of interest and the buyer should have known. But in retrospect, even today there are tons of strange relationships and conflicts of interest in many Wall Street deals. I guess people get overly acclimated to them.

Take for instance bid rigging US Treasuries with the Federal Reserve buying their own issuance. We take it for granted now. 10 years ago we would be galled at such a violation of basic monetary principles involved. What a world. It is not right. It is not honest. And it screws the buyers (many who are under contract to buy some of the offering no matter what anyway). If the Treasury were ay other agency they would be indited on bid rigging anmd fraud.

Sorry, Felix Salmon. I'm at odds with you on this call. Conflict of interest is conflict of interest. And selling crap as gold is a con no matter what shape or form it comes in.]]> Thu, 24 Dec 2009 16:48:30 -0500
So you tell me? How is this honest, legal, ethical, or decent in any way, shape, or form? Sure buyers beware is a good mantra. But Goldman was the in on the buy, the sell, the valuation, the issuance, the middleman, the bailout, and the payoff. They knew more about how bad this deal was than anyone and obviously more than AIG.

In the end, the taxpayer was the buyer. Sure, as a taxpayer I would never buy aid help or bailout AIG. A lot of good that does us ehhh? As for other people they crooked out of money, I agree regulators should insure there is never such a blatant conflict of interest and the buyer should have known. But in retrospect, even today there are tons of strange relationships and conflicts of interest in many Wall Street deals. I guess people get overly acclimated to them.

Take for instance bid rigging US Treasuries with the Federal Reserve buying their own issuance. We take it for granted now. 10 years ago we would be galled at such a violation of basic monetary principles involved. What a world. It is not right. It is not honest. And it screws the buyers (many who are under contract to buy some of the offering no matter what anyway). If the Treasury were ay other agency they would be indited on bid rigging anmd fraud.

Sorry, Felix Salmon. I'm at odds with you on this call. Conflict of interest is conflict of interest. And selling crap as gold is a con no matter what shape or form it comes in.]]> http://seekingalpha.com/article/179707-a-look-at-the-fed-s-track-record?source=feed#comment-820594 820594
The difference is, when new money is made it belongs to them and the Federal Government, not you. Thus when they blow up the money supply 10x they essentially make your ability to buy say 10 apples only the ability to buy one whereas now they can blow your lost value buying nine of your own with no efford on their part whatsoever. Thus, the method of their madness is actually dependent on the public's stupidity about what they really are doing. Given equal services, it's a 0 sum game. They win, you lose.

The deficit is just a game on top of that. Not only do you lose value by them devaluating your currency, then they ask you to pay the interest on the borrowed money they just minted in future taxes. It is almost laughable. In reality the government needs not tax only spend. You pay your tax in devalued currency. So add that about 12% the dollar dropped this year to your tax bill to figure out how much the government took from you this year and thank Obama and Bernanke for it. You kids aren't paying for the deficit this year alone in higher taxes. You are already paying deflationary tax for it this year. ]]> Thu, 24 Dec 2009 13:05:11 -0500
The difference is, when new money is made it belongs to them and the Federal Government, not you. Thus when they blow up the money supply 10x they essentially make your ability to buy say 10 apples only the ability to buy one whereas now they can blow your lost value buying nine of your own with no efford on their part whatsoever. Thus, the method of their madness is actually dependent on the public's stupidity about what they really are doing. Given equal services, it's a 0 sum game. They win, you lose.

The deficit is just a game on top of that. Not only do you lose value by them devaluating your currency, then they ask you to pay the interest on the borrowed money they just minted in future taxes. It is almost laughable. In reality the government needs not tax only spend. You pay your tax in devalued currency. So add that about 12% the dollar dropped this year to your tax bill to figure out how much the government took from you this year and thank Obama and Bernanke for it. You kids aren't paying for the deficit this year alone in higher taxes. You are already paying deflationary tax for it this year. ]]> http://seekingalpha.com/article/179723-why-health-insurance-stocks-are-poor-bets?source=feed#comment-820582 820582 Thu, 24 Dec 2009 12:52:55 -0500 http://seekingalpha.com/article/179723-why-health-insurance-stocks-are-poor-bets?source=feed#comment-820577 820577
I wish they had done something similar with ther banking and financial markets. Oh well. Merry Christmas to all the uninsured or people who have been denied propetr treatment that will benefit from this bill.]]> Thu, 24 Dec 2009 12:50:59 -0500
I wish they had done something similar with ther banking and financial markets. Oh well. Merry Christmas to all the uninsured or people who have been denied propetr treatment that will benefit from this bill.]]> http://seekingalpha.com/article/179749-how-the-senate-bill-would-change-healthcare?source=feed#comment-820563 820563
The government is already in healthcare. What we need is regulation, fairness, and efficiency.

If I believed this would collapse the advancement ion healthcare I would not have bought ISRG this week. If the market thought that, then the pharmas and some medicals would not have risen. The naysayers are not speakijng for the medical community or even for medical practices save the medical insurance companies who will face fair and equitable competition in their essential monopoly or duopoly areas of service.

The US has a lot to catch up for in the medical world. It has been sluipping behind every other developed nation by medical metrics for over a decade.

This is not because America doesn't have the best health care procedures and medicine. It's because of the dispensers of medical care, the medical insurance companies still haven't seen fit to support preventative medical care or any care at all unless there is no way out of it. And that's only after you and you doctor fill a warehouse of paperwork to get it. And then another warehouse to bill it to your insurer. Talk about a paradigm of inefficiency. They seem to have learned buraucracy from the old Soviet Union. ]]> Thu, 24 Dec 2009 12:44:34 -0500
The government is already in healthcare. What we need is regulation, fairness, and efficiency.

If I believed this would collapse the advancement ion healthcare I would not have bought ISRG this week. If the market thought that, then the pharmas and some medicals would not have risen. The naysayers are not speakijng for the medical community or even for medical practices save the medical insurance companies who will face fair and equitable competition in their essential monopoly or duopoly areas of service.

The US has a lot to catch up for in the medical world. It has been sluipping behind every other developed nation by medical metrics for over a decade.

This is not because America doesn't have the best health care procedures and medicine. It's because of the dispensers of medical care, the medical insurance companies still haven't seen fit to support preventative medical care or any care at all unless there is no way out of it. And that's only after you and you doctor fill a warehouse of paperwork to get it. And then another warehouse to bill it to your insurer. Talk about a paradigm of inefficiency. They seem to have learned buraucracy from the old Soviet Union. ]]> http://seekingalpha.com/article/179795-capital-spending-picks-up?source=feed#comment-820522 820522
Don't get fooled or suckered into a last run end of the year rally. Pick only very good companies with great prospects that you won't mind holding even if the markets weaken. Despite my hesitance to participate further in this market, I have felt compelled to jump back in this week buying ISRV. Thus even in a very risky market I still believe in extreme selectivity. Thet means no bulling into broad based mutual funds that, by their nature, can never hedge overall market risk.]]> Thu, 24 Dec 2009 12:11:12 -0500
Don't get fooled or suckered into a last run end of the year rally. Pick only very good companies with great prospects that you won't mind holding even if the markets weaken. Despite my hesitance to participate further in this market, I have felt compelled to jump back in this week buying ISRV. Thus even in a very risky market I still believe in extreme selectivity. Thet means no bulling into broad based mutual funds that, by their nature, can never hedge overall market risk.]]> http://seekingalpha.com/article/179779-outlook-for-a-merry-christmas-eve?source=feed#comment-820508 820508
First on my list is controlling the Federal Reserve and the great sapping of worth it is doing in the name of bank security. QE is a disaster. When will people wake up and realize the Federal Reserve is a banking oligopoly with lobbyists? It's interests have 0% to do with your well being, happyness, or financial wealth. There is no Santa Claus and Bernanke is certainly not it if there was one. ]]> Thu, 24 Dec 2009 12:03:08 -0500
First on my list is controlling the Federal Reserve and the great sapping of worth it is doing in the name of bank security. QE is a disaster. When will people wake up and realize the Federal Reserve is a banking oligopoly with lobbyists? It's interests have 0% to do with your well being, happyness, or financial wealth. There is no Santa Claus and Bernanke is certainly not it if there was one. ]]> http://seekingalpha.com/article/179607-geithner-there-will-be-no-double-dip?source=feed#comment-819373 819373 Wed, 23 Dec 2009 16:26:34 -0500 http://seekingalpha.com/article/179490-year-in-review-newton-s-law-of-motion-mean-reversion-and-momentum?source=feed#comment-819282 819282
You could also look at other physics laws for guidance like this: For every reaction there is an equal and opposite reaction. That reaction was loose montary policy breeds rising asset and commodity prices. It's the same concoction that drove the 2007 housing bubble. Any QE contraction or drop in liquidity is likely to be met with a violent counter reaction to the previous run built upon a perception of endless free cash to any financial company that wanted it.]]> Wed, 23 Dec 2009 15:40:37 -0500
You could also look at other physics laws for guidance like this: For every reaction there is an equal and opposite reaction. That reaction was loose montary policy breeds rising asset and commodity prices. It's the same concoction that drove the 2007 housing bubble. Any QE contraction or drop in liquidity is likely to be met with a violent counter reaction to the previous run built upon a perception of endless free cash to any financial company that wanted it.]]>