Seeking Alpha

Tschurin

Tschurin
Send Message
View as an RSS Feed
View Tschurin's Comments BY TICKER:
Latest  |  Highest rated
  • FOMC minutes: June rate hike not a slam dunk yet [View news story]
    Don’t know if this is what you were saying, but some studies have shown that the Fed doesn’t always “set” the rate but is sometimes merely following the lead of the market. And the market “in its infinite wisdom” may be telling the Fed to stop holding down the short-end of the curve, as two and three year T- note yields have been going up since the middle of 2013.
    Feb 18, 2015. 02:56 PM | Likes Like |Link to Comment
  • U.K. inflation rate drops to record low [View news story]
    Dear editors: Hate to interfere with the distorted picture you're painting but you forgot to include the following from the story: "Core inflation accelerated to 1.4 percent in January from 1.3 percent in December. This ‘'highlights the fact that the U.K. is far from suffering generalized deflation,’' Archer said."
    Feb 17, 2015. 08:38 AM | Likes Like |Link to Comment
  • June rate hike chorus grows louder [View news story]
    And I thought we were teetering on the edge of the Fed devaluing our currency [and diminishing bond-holders real returns] by insisting on some artificial inflation target.
    Feb 16, 2015. 10:06 PM | 3 Likes Like |Link to Comment
  • Concerns grow over Comcast/Time Warner Cable combo [View news story]
    I hope you are wrong. It is not a healthy thing for this country to have the monopoly news and information gatekeeper to most urban areas controlled [because of Comcast's dual-class stock setup] by one family. JMHO
    Feb 2, 2015. 03:59 PM | 2 Likes Like |Link to Comment
  • Eurozone prices fall at record pace [View news story]
    Dear Ed: Six-tenth's of one percent year-over-year is a "plunge"? Be careful, you might run out of adjectives ;-) You also forgot to mention you were talking about the headline number and that year-over-year there was core inflation, not deflation [obviously a big decline in oil prices brought the headline number down]. And BTW, the consensus generally is that a decline in oil prices is a good thing for the European economy; not a bad thing.
    Jan 30, 2015. 06:34 AM | 4 Likes Like |Link to Comment
  • Harsh words for Caesars after bankruptcy case goes to Chicago [View news story]
    Do "harsh words" carry any legal weight whatsoever since he agreed to what Caesar's wanted?
    Jan 29, 2015. 07:56 AM | 1 Like Like |Link to Comment
  • Shell to build petrochemical plant in Iraq [View news story]
    With corporate borrowing rates very low, I'm curious what they are referring to re the "high capital costs" of the Qatar project.
    Jan 28, 2015. 09:55 AM | Likes Like |Link to Comment
  • China shares plunge on margin-trading ban [View news story]
    I don't use margin accounts so I don't mind admitting that I'm not sure what the following means: "the three brokerages had rolled over margin-trading contracts for a large number of clients, in violation of existing rules."
    Does this mean that the brokerage firms were not making margin calls? Any explanation/clarification would be appreciated.
    Jan 19, 2015. 10:15 AM | Likes Like |Link to Comment
  • Carlos Slim exercises NY Times warrants to become largest shareholder [View news story]
    Slim may be the largest shareholder of the Class A shares; however control of the company lies with the Class B shareholders.
    Jan 14, 2015. 07:15 PM | Likes Like |Link to Comment
  • Dour outlook for regional malls [View news story]
    Here in Northern Virginia, I believe a few malls that fell on hard times have been or are being turned into multi-use complexes with a mix of retail and residential.
    Jan 12, 2015. 12:43 PM | Likes Like |Link to Comment
  • Retailers on the mend (a few surprises) [View news story]
    My impression of recent drugstore earnings is that revenue growth came from pharmacy. One would have to think that some or all of that was due to ACA, which resulted in more people seeking medical care and more prescriptions being written. Such strong YOY pharmacy growth will be hard to replicate next year. Customer traffic in the front part of the store was actually down for at least two of the three drugstore companies. If anyone has a different perspective or more information would welcome their observations.
    Jan 11, 2015. 03:25 PM | 1 Like Like |Link to Comment
  • Bakken producers need $55 oil to keep production steady, regulator says [View news story]
    Yesterday SA ran an item saying that Bakken producers were receiving far less than the quoted WTI price. So is the $55 per barrel referred to above referring to the WTI price, or to the price that the Bakken producers actually receive? Presumably the latter.
    Jan 9, 2015. 03:55 PM | 2 Likes Like |Link to Comment
  • European equities sink on oil, Greek worries [View news story]
    I thought lower oil prices were good for European economies and, in general, European stocks.
    Dec 30, 2014. 10:50 AM | Likes Like |Link to Comment
  • "Patient" replaces "considerable time" in FOMC statement [View news story]
    The take away for me is that not all disinflation/deflation is bad. That, just like with inflation, one has to drill down and see what the nature of the deflation is. That in turn would also inform us whether the Fed has any useful role in the particular situation. By contrast the current orthodoxy seems to be that any deflation is bad; and that zero interest rates are the appropriate tool for any problem or situation.
    Dec 18, 2014. 10:29 AM | Likes Like |Link to Comment
  • "Patient" replaces "considerable time" in FOMC statement [View news story]
    The BIS, which is presumably more knowledgeable about this than most of us, has looked at the historical record and concluded the following in their most recent annual report: “…the record is replete with examples of "good", or at least "benign", deflations in the sense that they coincided with output either rising along trend or undergoing only a modest and temporary setback…. it is asset price deflations rather than general deflations that have consistently and significantly harmed macroeconomic performance….the chain of causality runs primarily from asset price deflation to real economic downturn, and then to deflation, rather than from general deflation to economic activity….recent deflation episodes have often gone hand in hand with rising asset prices, credit expansion and strong output performance. Examples include episodes in the 1990s and 2000s in countries as distinct as China and Norway. There is a risk that easy monetary policy in response to good deflations, aiming to bring inflation closer to target, could inadvertently accommodate the build-up of financial imbalances. Such resistance to "good" deflations can, over time, lead to "bad" deflations if the imbalances eventually unwind in a disruptive manner.” I thought the statutory mandate of the Fed is "stable prices," not stable prices plus 200 basis points.
    Dec 17, 2014. 11:47 PM | Likes Like |Link to Comment
COMMENTS STATS
362 Comments
408 Likes