Seeking Alpha

Homer II

Homer II
Send Message
View as an RSS Feed
View Homer II's Comments BY TICKER:
Latest comments  |  Highest rated
  • Less Obvious Consequences of the Massachusetts Election [View article]
    Don't get the voter messages confused. This election was about one thing alone: J_O_B_S !

    I can't wait for Obama's State of the Union speech to see what BS he says about his jobs summit and what they are accomplishing. NOT!
    Jan 20, 2010. 05:55 AM | 31 Likes Like |Link to Comment
  • The Debt Conundrum, Part 2 [View article]
    John Lounsbury said, "We have somehow lost the basics"

    Not "lost them".. we sold them down the river by letting the NEA unionize our public education. And we continue to relentlessly throw more money at the schools even in the face of declining test scores.

    If I were the parent of a primary or secondary school child, I would either home school them or move the kids to a private institution. Anything less than that is sentencing the child to a sad life of mediocrity or failure.
    Jun 14, 2009. 02:31 AM | 26 Likes Like |Link to Comment
  • Gold Rally Fails. Will a Big Drop Be Next? [View article]
    gold and silver fall going into every Treasury auction of Notes and Bonds. Why? Because the government's boot comes down hard on the throat of the precious metals markets with massive (naked?) short selling. As soon as the auctions are finished, the metals suddenly begin to rise again. Its magic, doncha know.
    May 20, 2010. 03:28 AM | 22 Likes Like |Link to Comment
  • Obama (Should Say) to California: Drop Dead [View article]
    There is Oil and Gas in the OCS off the coast of CA. But the citizens of that state said, "NO" to offshore drilling. Having that resource today would be a boon to the tax coffers had the O&G industry been allowed to develop these resources years ago. Just look at Texas: their citizens pay NO STATE INCOME TAX because the severance taxes from O&G production mitigate the need for income tax revenues. But the "intelligent" californians knew better.
    May 30, 2009. 11:40 PM | 19 Likes Like |Link to Comment
  • 40 Things to Expect in 2010 [View article]
    "..The Mid term elections will go to the Republicans. A surprising number of independents will be elected. The Democrats will still have a narrow majority. The end result will be legislative deadlock."

    A grid-locked congress will be the best news of all 40 of your predictions. It should stall further collapse of our institutions.
    Dec 29, 2009. 04:54 AM | 16 Likes Like |Link to Comment
  • Jobs Data Divergence: Who to Believe? [View article]
    "..My own hunch is that under intense political pressure, BLS created a number of service sector jobs out of thin air..."

    The head of BLS, Dr Hall should resign if he still has a shred of integrity left.
    Dec 4, 2009. 01:57 PM | 13 Likes Like |Link to Comment
  • Las Vegas Homeowners Lose Their Bets as Home Prices Fall [View article]
    My house is paid for. I am not rich; I just paid that mortgage relentlessly, for 23 1/2 years until it was all mine. Not hard when you buy within your means, instead trying to keep up with the Joneses.
    May 1, 2009. 12:53 AM | 13 Likes Like |Link to Comment
  • Jobless Claims Fall to the Lowest Level in 34 Weeks [View article]
    Ohh YAY! We have falling unemployment claims. laaa-la-la laaa-la-la

    When in reality, it just means about 11000 poor souls who have used up all their time on unemployment benefits must go away and stop getting assistance.

    "They don't have jobs yet! Or do they? We dunno. They just go away so we don't get to track them anymore. And, so we don't care anymore, whether they have a job or not. The only thing that matters around here is what the numbers say."

    ( HEY OBAMA: Where are all those 5 Millions jobs you were gonna create? You know.. those you boasted about a year ago when you were campaigning?)
    Sep 24, 2009. 11:53 AM | 12 Likes Like |Link to Comment
  • Rising Oil Prices: What We Have to Do ASAP [View article]
    It is in our long term national interest to have stable oil prices of between $70 and $90.

    Call me crazy, but IMHO, that is the truth.


    Because, it costs more money to bring oil to market than it did 10, 20 30 years ago. Once upon a time, there was lots of "easy" oil in large pools underground. By "easy", I mean it was 1) relatively shallow to drill down to, 2) it had lots of pressure which means it gushes out with any pumps or secondary recovery techniques needed, 3) it was cheap to purchase from third world countries. Other factors were at work helping keep the prices down.

    Today, all the easy pools of oil are either dry, going dry, or requiring lots of new investment to install secondary recovery equipment to produce the remaining oil. The worlds new and untapped reservoirs now require higher investment to develop and bring into production because 1) they are either deeper, hidden in complex geologic "traps", or lie in deepwater offshore 2) they require secondary waterflood or gas injection to boost pressure to deliver oil up to the wellheads and 3) the third world countries have wised up to the value of their national resource.

    If we don't influence the needed price stability worldwide($70-$90), then neither the oil industry nor oil rich nations will invest into the ever-increasing costs to develop their oil and gas resources. Those will remain in the ground until the price gets up to where it becomes economically viable to produce it. Refining costs also are affected by the same economic forces and can create bottlenecks in supply.

    Meanwhile as supplies dwindle we become succeptable to price spikes like we saw last year.

    Therefore, if we want to have gas and other hydrocarbon products ( LNG, plastics, etc. ), we have to be willing to adjust to the ever-increasing costs to locate, produce, refine and deliver these products to the public. Failure to support price stability will lead to undesireable price and supply chaos in this critical resource.

    Here is an interesting article link which portrays some of the issues in bringing a large petroleum resource online for world consumption.

    Jun 12, 2009. 11:31 PM | 12 Likes Like |Link to Comment
  • Meredith Whitney: 'I Haven't Been This Bearish in a Year' [View article]
    Soo, Maverta... what ahh, is your purpose in grinding your ax with Meredith? I mean, she knows alot about the market and you... ahh This Coleman Capital.. what exactly do you do over there? I mean so that we know that we are hearing from someone with credentials who knows something that Meredith doesn't..
    Nov 16, 2009. 11:56 PM | 11 Likes Like |Link to Comment
  • 10 Reasons to Believe That We're in a Depression [View article]
    marvin, I've enjoyed your candor here. It is a breath of fresh air. With everyone still stuck behind "recession", few will be prepared to meet the coming dark years.

    Folks, better think about increasing your stocks in the coming weeks. And, I don't mean the financial kinds either. More like the kinds in your pantry, your medicine cabinet, and other essential items we all take for granted.
    Nov 19, 2009. 05:24 PM | 10 Likes Like |Link to Comment
  • The Fate of General Motors' Rick Wagoner [View article]
    Now that the Obama Whitehouse has made Rick Wagner walk the plank, I'll bet that Ken Lewis and other megabank CEOs are starting to sweat. No wonder that Lewis wants to pay off his banks TARP debt by June!
    Mar 30, 2009. 04:15 AM | 10 Likes Like |Link to Comment
  • Spain Announces Beginning Of End: The Unfolding Global Fiasco Is Near [View article]
    118616 said, "Short-termism is a cancer in society right now."

    Well, what would you call buy-and-hold right now? In the last 12-18 months, has that worked profitably for you? or anyone else you know?

    This country is heading for financial collapse within the next 6 months to 3 years.
    Most econs with good sense support that position. The markets are massively manipulated by sovereign governments, TBTF banks, hedge funds. The regulators are corrupt and standing idly by.

    You may care dearly about your clients money. However, you are obviously naive or in denial about your ability to navigate a corrupt market. If you were clearheaded, you would return to your clients their money.
    Jan 21, 2012. 01:34 PM | 9 Likes Like |Link to Comment
  • More on White House's Strong-Arming of Chrysler Hedge Fund Hold Outs [View article]
    Tyler, keep up the good work. You are one of the best authors in SA for factual reporting, incisive opinion and timely coverage. Thanks you for your hard work.
    May 3, 2009. 12:55 PM | 9 Likes Like |Link to Comment
  • Why We're Headed for a Collapse [View article]
    The day is rapidly descending upon us, when this country will undoubtedly collapse. Some significant number of our citizens will not make it. Those that labor, produce & give, they will survive. The other kind, those that slack, hold out their hands, consume, take, well.. they will not survive. simple survival of the fitest

    I really like the future that I see evolving here. God knows I am so sick of the current sense of entitlement all around me.
    Dec 10, 2010. 03:31 PM | 8 Likes Like |Link to Comment