ebworthen's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/269624/comments http://seekingalpha.com/article/176647-reading-into-the-mass-exodus-from-u-s-stock-etfs?source=feed#comment-792565 792565
Deficit spending with unpaid and new social programs (New Deal II) means that U.S. companies and consumers will be saddled with providing for the welfare of non-productive bodies domestically and internationally, feeding the gaping maw of government largess and bureaucracy, and "saving" the climate with cap and tax.

(1) Fixed income - the retired need stable returns and income, they can't afford to play at the casino anymore.

(2) Commodities - precious metals, oil, and food will rise as fiat currencies are devalued and stagflation, inflation, or hyperinflation ensue.

(3) International Equities - emerging markets are growing and developing a middle class while we are killing ours. They will pay lip service to saving the climate only - while making a killing churning out production regardless of environmental impacts while speculating on carbon credits that the U.S. taxpayer will ultimately pay for.

(4) Short (inverse) ETF's - gambling to try and win back losses and/or make a killing by those who aren't at retirement yet - but who know that the second half of the "W" is imminent - it's just a matter of timing.

Cheers,
Eric]]> Sun, 06 Dec 2009 10:46:37 -0500
Deficit spending with unpaid and new social programs (New Deal II) means that U.S. companies and consumers will be saddled with providing for the welfare of non-productive bodies domestically and internationally, feeding the gaping maw of government largess and bureaucracy, and "saving" the climate with cap and tax.

(1) Fixed income - the retired need stable returns and income, they can't afford to play at the casino anymore.

(2) Commodities - precious metals, oil, and food will rise as fiat currencies are devalued and stagflation, inflation, or hyperinflation ensue.

(3) International Equities - emerging markets are growing and developing a middle class while we are killing ours. They will pay lip service to saving the climate only - while making a killing churning out production regardless of environmental impacts while speculating on carbon credits that the U.S. taxpayer will ultimately pay for.

(4) Short (inverse) ETF's - gambling to try and win back losses and/or make a killing by those who aren't at retirement yet - but who know that the second half of the "W" is imminent - it's just a matter of timing.

Cheers,
Eric]]> http://seekingalpha.com/article/176616-why-bank-of-america-paid-back-the-money?source=feed#comment-792553 792553 Sun, 06 Dec 2009 10:34:49 -0500 http://seekingalpha.com/article/175813-perkins-hoodwinked-offers-solutions-to-the-economic-crisis?source=feed#comment-792545 792545
Marxism devoid of the inverse relationship between individual responsibility and freedom is slavery.

Our current economic crisis is a direct result of a lack of morals and ethics in individuals who operated within the system; in Washington, in Wall Street, and on Main Street.

It is that simple.]]> Sun, 06 Dec 2009 10:28:03 -0500
Marxism devoid of the inverse relationship between individual responsibility and freedom is slavery.

Our current economic crisis is a direct result of a lack of morals and ethics in individuals who operated within the system; in Washington, in Wall Street, and on Main Street.

It is that simple.]]> http://seekingalpha.com/article/176631-understanding-the-dollar-s-reversal-who-will-feel-the-pain?source=feed#comment-791784 791784
This is the only way to attempt to pay off the debt and over time make up for the overvalued housing and commercial real estate debacle.]]> Sat, 05 Dec 2009 13:30:45 -0500
This is the only way to attempt to pay off the debt and over time make up for the overvalued housing and commercial real estate debacle.]]> http://seekingalpha.com/article/176598-jobs-report-an-actual-green-shoot?source=feed#comment-791769 791769
Karl said: "...we're in the upper part of the center section of a 'W' is probably correct".

Agreed! I was afraid someone may have slipped you some of the koolaid over Thanksgiving at a punchbowl Karl.

Yes, that would fit the market rallies and pops in car and house buying that doesn't really have a foundation.

The reflation after the tech bubble didn't seem to have a foundation either, beyond low rates and firing people from career jobs. Part of the industrial to post-industrial wave we are on.

Cheers,
Eric


On Dec 05 12:14 PM Karl Denninger wrote:

> I said "Green Shoot" folks, not a freaking 500-year old Sequoia!
> ]]> Sat, 05 Dec 2009 13:21:19 -0500
Karl said: "...we're in the upper part of the center section of a 'W' is probably correct".

Agreed! I was afraid someone may have slipped you some of the koolaid over Thanksgiving at a punchbowl Karl.

Yes, that would fit the market rallies and pops in car and house buying that doesn't really have a foundation.

The reflation after the tech bubble didn't seem to have a foundation either, beyond low rates and firing people from career jobs. Part of the industrial to post-industrial wave we are on.

Cheers,
Eric


On Dec 05 12:14 PM Karl Denninger wrote:

> I said "Green Shoot" folks, not a freaking 500-year old Sequoia!
> ]]> http://seekingalpha.com/article/176641-pirate-economics-the-invisible-hook-by-peter-t-leeson?source=feed#comment-791748 791748
As soon as the equivocation and doublespeak from the blowhards ends and the real fighting begins, look out below!

Har!]]> Sat, 05 Dec 2009 13:08:31 -0500
As soon as the equivocation and doublespeak from the blowhards ends and the real fighting begins, look out below!

Har!]]> http://seekingalpha.com/article/176550-goldman-gold-to-rise-above-1-400-an-ounce-by-2011?source=feed#comment-791252 791252
Gold is universally valued, has been for thousands of years.

The house of cards is paper currencies, central bank liquidity and reflation measures, money printing, pandering politicians, and the requisite stagflation, inflation, or possible hyperinflation that follows on it's heels.

We had a similar scenario in the 70's except we produced more than paper, databases, and restaurants.

Look at the charts of Gold versus currencies and stock market valuations; gold does well in deflation and inflation.

Any Confederate dollars out there? ;-)]]> Sat, 05 Dec 2009 01:38:48 -0500
Gold is universally valued, has been for thousands of years.

The house of cards is paper currencies, central bank liquidity and reflation measures, money printing, pandering politicians, and the requisite stagflation, inflation, or possible hyperinflation that follows on it's heels.

We had a similar scenario in the 70's except we produced more than paper, databases, and restaurants.

Look at the charts of Gold versus currencies and stock market valuations; gold does well in deflation and inflation.

Any Confederate dollars out there? ;-)]]> http://seekingalpha.com/article/176561-did-weekly-jobless-claims-really-fall-below-500k?source=feed#comment-791238 791238
Why would people not do this after watching the banks get bailed out with our children and grandchildren's as yet unearned taxes and future?

Nero is Emperor, everything is fine!


On Dec 04 11:05 AM tuckfinitee wrote:

> The problem with tax data is that people are going underground. More
> off the books cash and barter.]]> Sat, 05 Dec 2009 00:47:44 -0500
Why would people not do this after watching the banks get bailed out with our children and grandchildren's as yet unearned taxes and future?

Nero is Emperor, everything is fine!


On Dec 04 11:05 AM tuckfinitee wrote:

> The problem with tax data is that people are going underground. More
> off the books cash and barter.]]> http://seekingalpha.com/article/176593-good-jobs-report-bad-news-for-2010?source=feed#comment-791230 791230
There is so much political pressure, besides using inflation to pump the market and get the money on the sidelines back in the game.

It will work, or it won't.]]> Sat, 05 Dec 2009 00:30:36 -0500
There is so much political pressure, besides using inflation to pump the market and get the money on the sidelines back in the game.

It will work, or it won't.]]> http://seekingalpha.com/article/176659-the-recovery-is-on-schedule-ecri?source=feed#comment-791220 791220 Sat, 05 Dec 2009 00:16:46 -0500 http://seekingalpha.com/article/176639-analysts-react-to-surprisingly-good-bls-report?source=feed#comment-791216 791216
The Senators are vying for political hay, and Mr. Hall is trying to keep his job.

Does anyone really believe that is a climate for truth?]]> Sat, 05 Dec 2009 00:08:59 -0500
The Senators are vying for political hay, and Mr. Hall is trying to keep his job.

Does anyone really believe that is a climate for truth?]]> http://seekingalpha.com/news/market_currents/post/37723?source=feed#comment-791211 791211
C'mon now folks, "happy days are here again!"

Pop that champagne cork, we need to party like it's 1929!!!]]> Fri, 04 Dec 2009 23:52:53 -0500
C'mon now folks, "happy days are here again!"

Pop that champagne cork, we need to party like it's 1929!!!]]> http://seekingalpha.com/news/market_currents/post/37715?source=feed#comment-791019 791019
Well done!]]> Fri, 04 Dec 2009 18:25:18 -0500
Well done!]]> http://seekingalpha.com/news/market_currents/post/37716?source=feed#comment-790930 790930 Fri, 04 Dec 2009 17:27:14 -0500 http://seekingalpha.com/article/176639-analysts-react-to-surprisingly-good-bls-report?source=feed#comment-790922 790922
Not to mention that seasonal temp. employment was boosted pre-holiday to make up for all the full time workers fired to increase quarterly profits.

You don't have to pay part-time temps. overtime or benefits and you can fire them unceremoniously come the second week of January - after the Christmas gift returns slacken.

I'll believe statistics like this when they continue through Spring. Otherwise, it appears to be some data fudging for political candy - and ignoring the usual temp. worker spike leading up to the holidays and the end of the quarter.]]> Fri, 04 Dec 2009 17:25:07 -0500
Not to mention that seasonal temp. employment was boosted pre-holiday to make up for all the full time workers fired to increase quarterly profits.

You don't have to pay part-time temps. overtime or benefits and you can fire them unceremoniously come the second week of January - after the Christmas gift returns slacken.

I'll believe statistics like this when they continue through Spring. Otherwise, it appears to be some data fudging for political candy - and ignoring the usual temp. worker spike leading up to the holidays and the end of the quarter.]]> http://seekingalpha.com/article/176598-jobs-report-an-actual-green-shoot?source=feed#comment-790399 790399
Seasonal employment time for retailers, UPS, FedEx, etc. As Karl says, time will tell, and I believe especially the trends in January, February, March.

If employment stays "less bad" or goes positive than it is possible this is real.

If not, than we will know that like the markets, these job numbers are liquidity driven and re-flated for the short term.

Cross your fingers - don't step on a crack - and throw some salt over your shoulder.]]> Fri, 04 Dec 2009 11:30:11 -0500
Seasonal employment time for retailers, UPS, FedEx, etc. As Karl says, time will tell, and I believe especially the trends in January, February, March.

If employment stays "less bad" or goes positive than it is possible this is real.

If not, than we will know that like the markets, these job numbers are liquidity driven and re-flated for the short term.

Cross your fingers - don't step on a crack - and throw some salt over your shoulder.]]> http://seekingalpha.com/article/176583-non-farm-payrolls-shockingly-good-news?source=feed#comment-790193 790193 Fri, 04 Dec 2009 09:57:39 -0500 http://seekingalpha.com/article/176462-debt-to-income-ratios-and-the-u-s-savings-rate?source=feed#comment-789337 789337
There are people with 10K, 20K, 30K in credit card debt that they won't repay. They rotate the credit, mortgage the house with a vampire company, get deferrals, or default.

The average tax payer is passed the bill (via the FED) for defaults; however, it is simply put into "the deficit". ]]> Thu, 03 Dec 2009 20:02:51 -0500
There are people with 10K, 20K, 30K in credit card debt that they won't repay. They rotate the credit, mortgage the house with a vampire company, get deferrals, or default.

The average tax payer is passed the bill (via the FED) for defaults; however, it is simply put into "the deficit". ]]> http://seekingalpha.com/article/176044-ben-bernanke-pleads-for-his-job-my-response-to-bernanke?source=feed#comment-789311 789311
That's like the Cashier manager at the Casino reporting to the Pit Bosses.

That's like the Coyotes reporting to the Wolves.

Good stuff, thanks.]]> Thu, 03 Dec 2009 19:52:05 -0500
That's like the Cashier manager at the Casino reporting to the Pit Bosses.

That's like the Coyotes reporting to the Wolves.

Good stuff, thanks.]]> http://seekingalpha.com/article/176214-fed-beige-book-more-of-the-same?source=feed#comment-787191 787191 Wed, 02 Dec 2009 17:34:23 -0500 http://seekingalpha.com/news/market_currents/post/37554?source=feed#comment-787176 787176 Wed, 02 Dec 2009 17:21:38 -0500 http://seekingalpha.com/news/market_currents/post/37517?source=feed#comment-787173 787173 Wed, 02 Dec 2009 17:20:02 -0500 http://seekingalpha.com/article/176183-retail-sales-gallup-edition-a-splash-of-cold-water?source=feed#comment-787085 787085
Karl mentioned Gallup data that SPENDING was unchanged Thanksgiving week versus the week before; not the amount of sheeple in line at big box retailers at 4:00 a.m.

Regardless, people without jobs or using credit cards to buy stuff with money they don't really have is not a good thing.

The only good thing at this point would be for unemployment to go down; for people to gain employment in careers producing something rather than shuffling papers or working retail selling plastic crap from China.


On Dec 02 01:33 PM Mark Anthony wrote:

> Karl:
>
> You are a smart person but some how I don't understand why you refuse
> to use your brain lately. You clearly take the claim as it is that
> consumer spending over the black friday week is no different from
> the prior week, without letting it filter through your brain.
>
>]]> Wed, 02 Dec 2009 16:18:57 -0500
Karl mentioned Gallup data that SPENDING was unchanged Thanksgiving week versus the week before; not the amount of sheeple in line at big box retailers at 4:00 a.m.

Regardless, people without jobs or using credit cards to buy stuff with money they don't really have is not a good thing.

The only good thing at this point would be for unemployment to go down; for people to gain employment in careers producing something rather than shuffling papers or working retail selling plastic crap from China.


On Dec 02 01:33 PM Mark Anthony wrote:

> Karl:
>
> You are a smart person but some how I don't understand why you refuse
> to use your brain lately. You clearly take the claim as it is that
> consumer spending over the black friday week is no different from
> the prior week, without letting it filter through your brain.
>
>]]> http://seekingalpha.com/article/176039-very-big-news-henderson-gone-at-gm?source=feed#comment-786976 786976
GM should be bankrupt and out of business. Anyone who takes the helm will be trying to steer the rudder of a ship that has already run aground.]]> Wed, 02 Dec 2009 15:32:06 -0500
GM should be bankrupt and out of business. Anyone who takes the helm will be trying to steer the rudder of a ship that has already run aground.]]> http://seekingalpha.com/article/175849-the-chronicle-of-an-economic-death-foretold?source=feed#comment-784290 784290
The Scots gave up their independence for a buck, we have given up our freedom as well.

Now, everyone is back out shopping with their credit cards, and the banks are up to their old tricks, and the FED is printing money, FHA and Fannie/Freddie handing out free mortgages, and our President and Congress creating social programs that are unfunded to the tune of 10 TRILLION dollars.

The future is bright?]]> Tue, 01 Dec 2009 09:53:17 -0500
The Scots gave up their independence for a buck, we have given up our freedom as well.

Now, everyone is back out shopping with their credit cards, and the banks are up to their old tricks, and the FED is printing money, FHA and Fannie/Freddie handing out free mortgages, and our President and Congress creating social programs that are unfunded to the tune of 10 TRILLION dollars.

The future is bright?]]> http://seekingalpha.com/article/175686-5-reasons-to-expect-a-near-term-selloff?source=feed#comment-784247 784247
The doubt about the "recovery" is because it is based on tyranny, theft, lies, manipulation, and a collapse in the foundation of our civilization.

On Nov 30 10:11 AM Sharon Merkle wrote:

> And equally interesting that none give a time, use any causal evidence,
> or do anything more, really, than smatter up some associations of
> co-incident events in a chart, give no sources for their data, and
> ask a spooky, scary question in their headline. This site is really
> turning into a PTSD denial group, whose authors can't stop reliving
> the last crisis. Maybe S/A should get together with ZeroHedge and
> re-name the combined entity "Seeking Apocalypse." They can solicit
> Ron Paul, Glenn Beck, the Ayn Rand Foundation, and ACORN for funding,
> all get into bed together, and realize that crazy is just another
> word for short this country. Let's scroll down, yep- FED conspiracy
> theorists have started to chime in. Now let's get some Bernanke haters
> and Geitner blamers and this thread will comply with the standard
> recipe.
>
> On Nov 30 07:23 AM daniel3582 wrote:]]> Tue, 01 Dec 2009 09:37:49 -0500
The doubt about the "recovery" is because it is based on tyranny, theft, lies, manipulation, and a collapse in the foundation of our civilization.

On Nov 30 10:11 AM Sharon Merkle wrote:

> And equally interesting that none give a time, use any causal evidence,
> or do anything more, really, than smatter up some associations of
> co-incident events in a chart, give no sources for their data, and
> ask a spooky, scary question in their headline. This site is really
> turning into a PTSD denial group, whose authors can't stop reliving
> the last crisis. Maybe S/A should get together with ZeroHedge and
> re-name the combined entity "Seeking Apocalypse." They can solicit
> Ron Paul, Glenn Beck, the Ayn Rand Foundation, and ACORN for funding,
> all get into bed together, and realize that crazy is just another
> word for short this country. Let's scroll down, yep- FED conspiracy
> theorists have started to chime in. Now let's get some Bernanke haters
> and Geitner blamers and this thread will comply with the standard
> recipe.
>
> On Nov 30 07:23 AM daniel3582 wrote:]]> http://seekingalpha.com/article/175675-is-alpha-now-illegal?source=feed#comment-784221 784221
"[some 300-plus hedge fund frauds and / or implosions have taken place over the past decade or so. While difficult to figure out which of those frauds and blowups claimed to run an “alpha” strategy, complex, illiquid, levered or some combination does permeate as a theme.]"

Um...yes...and stock markets are now where they were ten years ago. Someone walked away with several generations of savings and retirements, milked the society to make their own cream, bled the turnip, robbed the Widows and Orphans fund, and rolled the priests and rabbis for their charity money.

This won't have any long term affects on our society will it?

Have to go...the Chase and B of A and GM commercials I'm paying for are making me itch to spend money I don't have...that's how it's done isn't it?]]> Tue, 01 Dec 2009 09:28:56 -0500
"[some 300-plus hedge fund frauds and / or implosions have taken place over the past decade or so. While difficult to figure out which of those frauds and blowups claimed to run an “alpha” strategy, complex, illiquid, levered or some combination does permeate as a theme.]"

Um...yes...and stock markets are now where they were ten years ago. Someone walked away with several generations of savings and retirements, milked the society to make their own cream, bled the turnip, robbed the Widows and Orphans fund, and rolled the priests and rabbis for their charity money.

This won't have any long term affects on our society will it?

Have to go...the Chase and B of A and GM commercials I'm paying for are making me itch to spend money I don't have...that's how it's done isn't it?]]> http://seekingalpha.com/article/174714-why-a-market-crash-doesnt-matter?source=feed#comment-772839 772839
Stock markets? Humbug!

Milk the peasants, starve the orphans, steal from the widows.

Humbug I say, bah humbug!

Get to work Cratchett - you worthless buy and holder!]]> Mon, 23 Nov 2009 02:18:18 -0500
Stock markets? Humbug!

Milk the peasants, starve the orphans, steal from the widows.

Humbug I say, bah humbug!

Get to work Cratchett - you worthless buy and holder!]]> http://seekingalpha.com/news/market_currents/post/36961?source=feed#comment-772836 772836 Mon, 23 Nov 2009 02:09:06 -0500 http://seekingalpha.com/article/174492-the-twenty-year-stock-bubble-is-still-inflated?source=feed#comment-771341 771341
I wonder what platitudes and slurs The Roman prelates and wealthy merchants flung the way of the Barbarians at the Gates? They no doubt ate their words before much time passed; and were shocked to see the spear in their gut.

Rome wasn't built in a day, but it didn't collapse in a day either.]]> Sat, 21 Nov 2009 22:19:10 -0500
I wonder what platitudes and slurs The Roman prelates and wealthy merchants flung the way of the Barbarians at the Gates? They no doubt ate their words before much time passed; and were shocked to see the spear in their gut.

Rome wasn't built in a day, but it didn't collapse in a day either.]]>