bonifiedhustler

Gold: Not an Effective Hedge Against Inflation

The author's argument makes little sense. The argument is that the current price, which, based on a high real-price in 1982, has provided substandard returns. For that reason, investors looking for a real-return should look elsewhere. If the inflation-adjusted price to match 1982 is $2,300/ounce, who is to say that outcome is unlikely?

Microsoft (MSFT) has hired former Yahoo (YHOO) VP Qi Lu to run online services. Steve Ballmer's email to his troops is here.

That email is such a joke. Employee Town Hall? Mr. Ballmer cannot even compose an gramatically correct message, let alone use a salutation?

SIncerely,

Bonifiedhustler

Defensive Positioning in the Bailout's Absence

money and currency are not the same.

Defensive Positioning in the Bailout's Absence

bobomite -- Debt creates money. Thats why banks like it. They want to keep that up, which is what freeing access to credit will to. The problem is, to fuel the debt, you need to expand debt, and it can't go to infinity.

Obviously, hindsight is 20/20. But lets reduce debt. Bankers wouldn't be as rich, but society as a whole would be better off.

How I Learned to Love the Fed

Keep calling your congressperson...don't pass anything until its well thought out (i.e. rational) and supported by the public (i.e democracy).

Horrid Data: Housing, Jobs, Durable Goods

Why are so many homebuilders and XHB trading where they are? It seems clear that housing still has a long way to fall, and we are in a worse position than in July when they hit their lows.

PHM, DRI, TOL among others are well off their lows. The market makes no sense. Of course, Jesse Jackson and House Republicans are both protesting the "Bailout" so we live in weird times...

First Time in Thirty Years - GE Won't Raise Dividend

Canary in the coal mine?

Bernanke Gives Up on Reverse Auction Idea

Yup, it is a sham.

There is only so much that can be added or changed to fix the "system".

The system is fueled by debt. Debt always collapses over time. American consumers can't pay it back, U.S.A. can't produce it back. There is massive depression on the way. Condos in the cities won't be worth shit if there aren't jobs to pay for them. Services won't make a profit if people realize they can't pay for them. The cycle goes on...