Teutonic Knight

Charlie Gasparino: Another Crash 'Has to Happen Again'

cranmer - - -

Really? According to the history books, I believe they (the Nazis) had the Communists in Germany hunted down and annihilated. Weren't the Communists leftists too? Please correct me if I am incorrect.

TK


On Nov 08 02:34 PM cranmer wrote:

> The Nazis were leftists - see "Liberal Fascism" by Jonah Goldberg
>

Charlie Gasparino: Another Crash 'Has to Happen Again'

They have their "..Locale pay special adjustment..." too, you know.


On Nov 07 04:15 PM [e-mail] wrote:

> A greedy, dishonest, ignorant, spendthrift, self-serving and incompetent
> government is the cause of our problems. Until this is changed nothing
> beneficial will ever happen. It sets the standard and the people
> follow, all the way to destruction.

Charlie Gasparino: Another Crash 'Has to Happen Again'

Dennis - - -

Just allow one 2-cent worthless thought from me. You said "...The Second Great Depression is upon us" - - - Would that be more becoming instead to say "...A Multitude of Greater and Greater Depressions leading to the Greatest Depression is upon us"?

TK


On Nov 06 04:14 AM Denis Gould wrote:

> It is amazing that this crisis has changed so little. Banks are set
> to pay huge bonuses, cautious investors (like insurance companies)
> continue to pile on ever more derivative exposure, and people still
> treat markets like casinos rather than venues for investment. Capital
> markets are there to facilitate the efficient allocation of capital
> but that is now so far removed from what they actually do that nobody
> is really aware of it. Only when these things change will we have
> reached the end point, and it looks like the crisis necessary to
> take us there needs to be magnitudes larger tthan the one we have
> just experienced. The second Great Depression is upon us.

The Coming Consequences of Banking Fraud

Mr. Kim's article is a rare gem and one of the best I have come across in my experience with SA. He is able to articulate the subject matter eloquently owing of course to his intellect, but more importantly to his independence.

The ranks of our bureaucrats by nature inherently attract folks who are risk-adverse, and our two mainstream parties are now fully entrenched.

Hope for America will have to come from good corporate citizenship - the late Mr. Batten who founded the Landmark Communications (The Weather Channel) exemplified such good corporate citizenship. A Third Political Party would have rise up most likely through independents who voters will elect en mass in the next round of elections.

TK

Five Reasons the Market Could Crash This Fall

This is it.

Recall last year June-July 2008 timeframe, the financial media was still saying "...no recession for this year..." and "...market is holding up and not capsizing...". (Of course, don't forget, they are paid to write, unlike SA folks here).

Early in 2008 I recall Benny was still saying after several of those emergency rate cuts, and the government's May Stimulus, "...Everything is going to be fine...". I hope people's memory are not short.

Now, of late, the Newsweek Magazine front cover declared that the "recession is over". This really worries me. Don't you see a correlation here with what I said earlier above? The fact they (like Sir Alan again, oh my gosh, not him again) could go out and say that it is over, it ain't over until it is over.

Street smart is what I always rely upon. In my neighborhood, which supposedly is very strong economically compared with most, my nearby supermarket is closing down, my nearby post office is cutting out after 5 services, those empty twin-tower new gleaming office buildings on the highway where every morning I pass by on my way to work are still hollow and dark, as it had been since late 2008, some folks I know at my church are still waiting for their bosses to call them to come back to work when work becomes available... the list goes on...

It doesn't look very "recovery" as yet. Maybe some folks at or around the Hill are living in Nirvana.

Five Reasons the Market Could Crash This Fall

doubleshortetf - - -

I like your #3 comment about "...Bears are early smart money...". It came across as a rare refreshing and astute remark.

The Bears in time will turn their double barrel shorting guns at the poor investors when they have finished up with the covering.

TK


On Aug 04 11:55 AM doubleshortetf wrote:

> Why we're near the very top:
>
> 1. Goes up on bad news/numbers from MSFT, AMZN, AXP's poor numbers
> results couple of weeks ago.
>
> 2. The investment gurus and analysts who got blind sided by last
> fall's fall and March low (boy weren't they pessimistic) are now
> in unison as bullish as ever, even with heck of a run since March.
>
>
> 3. Bears are hiding and appear to be capitulating on short covering.
> One can say the bears were "early" smart money.
>
> 4. Russell 2k has been on a tear. Speculation or back to halcyon
> days are back?
>
> 5. CNBC has special on Dow 9k and Cramer is pounding the table with
> buys and the lemming retail and professional investors are piling
> in. So much for the lows we had in Oct/Nov and March.
>
> 6. And even Barron's sounding bullish sans Abelson?
>
> 7. Historically Sept is the worst month followed by Oct. Just around
> the corner.
>
> My 2-cents is that we'll see 50% retracement to March low in Sept/Oct.

Bank Bailouts - Tell Me Again What the Point Was?

The bailout of the banks had never made any sense at all from the outset.

First of, there is so much excess capacity in banking. Second, it smelled fishy from the beginning when the most ardent advocators are bankers or former bankers themselves like the Benny and Hanky - kind of an old-boy network you scratch my back I scratch yours.

The most puzzling aftermath in retrospect is why our lady House Leader acted as she did as the crusading champion in passing the TARP bill. It boggles my mind when the Dems are, supposedly, with the folks below the Upper Classman - - A Mystery of the Mystery.

Anyone?

What's Citi Doing to Pandit?

baker should be banker, but perhaps he behaves more like a baker of CDS's than a banker.


On Jul 01 12:41 AM Teutonic Knight wrote:

> Felix - - -
>
> Lawrence Kamm in his best-selling book "Real-World Engineering" called
> an engineering consultant an "unemployed engineer".
>
> Giants such as MIT's Alfred P. Sloan and Ken Olsen were technical
> and entrepreneurial movers and shakers. Pandit was an engineer-turned
> hedge fund manager, and Thain was an MIT graduate turned investment
> baker king, both headed to Wall Street to make a fast buck. <br/>
>
> According to Kamm's definition of an engineer, I don't know what
> else to call these guys in this day and age, except to say that America
> is not quite once it was.
>
> Oh, BTW, Kamm's book though published in the 1990's is still selling
> well but quite expensive; last I saw it costing about 60 bucks at
> Amazon for a paperback.

What's Citi Doing to Pandit?

Felix - - -

Lawrence Kamm in his best-selling book "Real-World Engineering" called an engineering consultant an "unemployed engineer".

Giants such as MIT's Alfred P. Sloan and Ken Olsen were technical and entrepreneurial movers and shakers. Pandit was an engineer-turned hedge fund manager, and Thain was an MIT graduate turned investment baker king, both headed to Wall Street to make a fast buck.

According to Kamm's definition of an engineer, I don't know what else to call these guys in this day and age, except to say that America is not quite once it was.

Oh, BTW, Kamm's book though published in the 1990's is still selling well but quite expensive; last I saw it costing about 60 bucks at Amazon for a paperback.

What's Citi Doing to Pandit?

Larry

Can Government Actually 'Partner' with the Private Sector?

user396040 -

Concur; however, defense contractors are primarily government outsourced positions. In other words, they exist more or less as an extension of the defense department. This is a special case in my view.

Teutonic


On Jun 03 02:27 PM user396040 wrote:

> "Defense stocks"? Isn't this an area where the US government plays
> an enormous role?

Can Government Actually 'Partner' with the Private Sector?

To Tom Lindmark -

A Flat No is my answer.

By definition government is not a charity nor a business. Governments should focus primarily in such things as regulations, law enforcements, national defense, borders control, customs, immigration, environmental protection, universal health care, parks and transportation infrastructure, education support, etc.

These are the functions that either private industry would not be interested in doing because they never make money, or that they could not be outsourced or farmed out to private interests because they are essential national services too perilous to be in private hands.

By and large governments are not set up to run as a private enterprise. Why? The single purpose of a business is there to make money. Governments do not make money. There revenue stream is taxation by law.

That is why I believe the GM/Chrysler adventure will most likely be ill fated.

Teutonic

Banks, Oligopolies and Ever-Rising Fees

To TraderMark -

Very interesting and discerning article. I like your backing it with numbers that are well-researched.

As I related elsewhere in SA, England's King John was an able and competent leader; however, he succumbed to the temptation of raising more and more taxes. And finally the noblemen had him cornered under a big tree to sign that historical document what was called the Magna Carta. That supposedly was what historians generally attribute as the beginning of representative and parliamentary government - a forerunner and model of all western civilizations to this date.

I suppose the bankers are the modern day noblemen given their upper-class heritage. Well, it seems to me that things are turned upside down this time around.

King Barrie (the Unready) had it that he nourished and cherished the noblemen to write a charter akin to a yoke around the necks of the common people.

What a mess!

Teutonic

Massive Bank Shareholder Dilution Ahead

Wasn't this obvious? Just look at what happend to Royal Bank of Scotland...

Citigroup's Horrible Conference Call

Quite a perceptional remark - - in plainer language, though, another Inside Job...


On Apr 18 03:51 PM Simon Smelt wrote:

> The Citigroup quarter results and conference call are intended to
> help boost C price in the short term, so knowledgeable folk can exit
> their holdings for more than small change.