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Gene Jaquet

Gene Jaquet
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  • Wall Street Breakfast: Trouble Still Brewing In The Forex Market [View article]
    Cancel the cancellation, Deer.
    It was and still is a great idea, if only because it brings into focus all the negative vibes buzzing around. Without a positive, a negative would be neutral, and that is boooring.
    Feb 10, 2015. 04:58 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Greece Slumps Following ECB Decision [View article]
    Seems my original post was deleted... "because it contains material that is not directly related to the topic under discussion".

    Pleeeease. We had a long conversation about golf courses on Tuesday. And guns, cars, even the weather are fair game for long threads. I would respectfully suggest that international politics are not as unrelated as that.
    Feb 5, 2015. 09:24 AM | 10 Likes Like |Link to Comment
  • Wall Street Breakfast: Pressure Builds On China As Manufacturing Slows [View article]
    Well, Blue, now you know.
    Feb 2, 2015. 02:44 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Pressure Builds On China As Manufacturing Slows [View article]
    @Teach - completely agree. The NYT article concludes that "Mr. Obama should adopt a new policy toward Russia and Ukraine — one that seeks to prevent war by recognizing Russia’s security interests and upholding Ukraine’s territorial integrity." I agree with that too, but only if both sides uphold Ukraine’s territorial integrity, which means an end to Russian meddling. Fat chance.

    But the important point is the one you made: it's all about big power geopolitics and nothing about the Ukrainians themselves. And that's where the article falls down - to see why consider the example of Cuba. JFK almost provoked a war to prevent Soviet military incursion into America's exclusive sphere of influence. He did not, however, force an economic model down their throats. There was a clear line: socialist economy = OK, Russian missiles = not OK. More recently, ditto Venezuela.

    I accept that NATO overstepped when inviting Georgia and Ukraine to join. On the contrary, the EU did not overstep when trying to sign an economic trade agreement with Ukraine. There is a clear difference. Folks like GGGL or Mearsheimermarch cannot see that difference through their geopolitical lenses, which filter out the light of basic human rights.
    Feb 2, 2015. 01:56 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Pressure Builds On China As Manufacturing Slows [View article]
    "the EU will want its natural gas from Ukraine and that is really what this is all about." Yeah, right. It's not about Russians wanting to get their hands on the coal, steel and energy resources in the Donbass, is it? Once the vassal state of Donbass is created, it will become part of the Russian kleptocracy, and those valuable assets will be the exclusive property of a handful of crooks answering only to Putin. The poor schmucks in Donetsk, who before constituted a sizable, even a controlling minority in Ukraine, will become an insignificant pimple on the Russian ass. Those people are mere pawns, and their coal/steel/energy wealth will flow right into the oligarch's bank accounts.

    With all due respect, I believe your degree of naivety is matched only by your disregard for the facts.
    Feb 2, 2015. 01:32 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Pressure Builds On China As Manufacturing Slows [View article]
    GGGL - when you return from Moscow, you may want to check out this excellent article from Thomas Friedman http://goo.gl/k1Xq8q about the imortance of the conflict.

    Putin’s use of Russian troops wearing uniforms without insignia to invade Ukraine and to covertly buttress Ukrainian rebels bought and paid for by Moscow — all disguised by a web of lies that would have made Nazi propagandist Joseph Goebbels blush and all for the purpose of destroying Ukraine’s reform movement before it can create a democratic model that might appeal to Russians more than Putin’s kleptocracy — is the ugliest geopolitical mugging happening in the world today.

    Ukraine matters — more than the war in Iraq against the Islamic State, a.k.a., ISIS. It is still not clear that most of our allies in the war against ISIS share our values. That conflict has a big tribal and sectarian element. It is unmistakably clear, though, that Ukraine’s reformers in its newly elected government and Parliament — who are struggling to get free of Russia’s orbit and become part of the European Union’s market and democratic community — do share our values. If Putin the Thug gets away with crushing Ukraine’s new democratic experiment and unilaterally redrawing the borders of Europe, every pro-Western country around Russia will be in danger."
    Feb 2, 2015. 09:03 AM | 8 Likes Like |Link to Comment
  • Wall Street Breakfast: Pressure Builds On China As Manufacturing Slows [View article]
    "Russia’s GDP is expected to shrink ...and an estimated capital outflow at $115B"

    Whilst 75% of the population support Putin's war in the Donbass, his cronies are voting with their wallets. The 21 most affluent people in the country lost a total of $61 billion last year, a quarter of their combined fortune, according to the Bloomberg Billionaires Index. Add in the next 100 richest and you are talking very serious money. Methinks it's only a matter of time before things unravel in Moscow, politically speaking. The poor will get hammered by inflation and job losses, the rich by Putin's economic and foreign policy mistakes. So far only nationalistic pride in past Russian/soviet glory has held things together.

    The funny (by which I mean sad) part is that the population in southern Ukraine now being "saved" by the Russian army don't realize that they are nothing more than pawn on Putin's chessboard. He couldn't give a rat's ass about their well being, let alone their lives. They only serve as an instrument by which Putin drives up political support at home.

    Once he carves out a territory for them, as a Russian province or a puppet state, they will be destined to the same economic misery other vassal regions know only too well - think Chechens for example. Don't forget that the flip side of nationalism (or chauvinism in this case) is lack of tolerance for minorities. Pure ethnic Russians may well discriminate against ethic Ukrainians in the future, as they do today against other minorities.

    And that, of course, would be an optimistic outcome - I'm assuming we are able to avoid a mega-conflict that would normally result when one civilized nation invades another.
    Feb 2, 2015. 08:51 AM | 7 Likes Like |Link to Comment
  • Wall Street Breakfast: Amazon Shares Surge After Profit Beat [View article]
    Don't know how you managed to post that, a64hoo. Didn't think they allowed internet access in psychiatric wards.
    Jan 30, 2015. 04:52 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Amazon Shares Surge After Profit Beat [View article]
    Having got burnt in WATG and LFT a few years back, I won't be going back into that market anytime soon, at least until China develops a feisty and independent judiciary. Growth prospects may be great (relatively speaking) but without transparency and corporate governance, the chinese market remains unsuited to a long-term investment strategy. The wolf of Wall Street is a lamb by comparison.
    Jan 30, 2015. 08:00 AM | 11 Likes Like |Link to Comment
  • Wall Street Breakfast: The Heavy Earnings Week Continues [View article]
    @Husker - the problem is that it's now too late to fix the Palestinian problem. Certain events in history are just that - history. We have to live with the consequences. The 2nd invasion of Iraq (the W invasion) was another monumental error, and again we cannot rewrite history.

    Those two things go a long, long way to explaining why we have a problem in the Arab world. The third and final thing was the Iranian revolution that brought down our puppet - the Shah. But that just shows how impossible it is to simplify history: in the Iranian case we supported a despot and it was a mistake, in the Iraqi case we overthrew a despot and it was also a mistake. There are no one-size-fits-all foreign policy goals. People should remember that before critisizing BA for being 'inconsistent'.
    Jan 30, 2015. 05:31 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: The Heavy Earnings Week Continues [View article]
    Do I have constructive suggestions? Let's start by fixing the root cause of the problem. People forget that we were the target of Arab terrorists long before radical Islam or jihad scumbags. The Palestinian problem needs to be fixed, and the ethnic cleansing needs to end. We have enabled the military occupation of a conquered territory for over 30 years now (we finance it, we supply the weapons, and we provide cover in the UN) and that is an aberration in the modern world. It has not surprisingly turned a generation or more of Arabs against us - for what?
    Jan 29, 2015. 03:52 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: The Heavy Earnings Week Continues [View article]
    @ Bob 123 - Well I'm the guy up-thread, and for the record I'm not a Republican, I just thought the joke was funny. Sorry if you've heard it before, I hadn't. Your reaction reminds me of those who take kalashnikovs to settle scores when somebody draws a caricature of their prophet. Lighten up.
    Jan 29, 2015. 02:42 PM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: The Heavy Earnings Week Continues [View article]
    Gee... and I thought the HUGE global shift in the entire petroleum business over the last decade was due to fracking. Now I know it's really due to refiners tweaking the output mix between gasoline and diesel. Amazing.
    Jan 29, 2015. 10:56 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: The Heavy Earnings Week Continues [View article]
    @JDinNJ - agree w/you, but then again, it's just a joke...
    Jan 29, 2015. 10:47 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: The Heavy Earnings Week Continues [View article]
    My contribution to happy Thursday - a story told me by a Republican friend who swears he really did have this conversation...

    Recently, while I was in my yard, some neighbors stopped by as they returned from a walk. During our friendly conversation I asked their little girl what she wanted to be when she grew up. She said she wanted to be President someday.

    Her parents (both Democrats) were standing there, so I asked the girl "Well if you were President what would you do?" She replied... "I'd give food and houses to all the homeless people." Her parents beamed with pride!

    "That's very worthy" I told her. "But you don't have to wait until you're President to do that!"

    "What do you mean?" she asked. So I said "You can come over to my house, mow the lawn and pull out the weeds, and I'll pay you $25. Then you can go into town, where the homeless guy hangs out, and give him the $25 so he can buy some food."

    She thought about it for a few seconds, then looked me straight in the eye and asked "Why doesn't the homeless guy come over and do the work, and you can just pay him the $25 directly?"

    I said, "Welcome to the Republican Party."
    Jan 29, 2015. 09:26 AM | 29 Likes Like |Link to Comment
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