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Gene Jaquet

Gene Jaquet
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  • Wall Street Breakfast: China Moves Again To Fight Slowdown [View article]
    Deercreek, I am no defender of Jon Corzine but I've wanted to point something out for some time now. As I understand it MF Gglobal made a big bet on Euro bonds, and didn't have the liquidity to meet margin calls when the euro crisis peaked, those bonds tanked, and the rest is history.

    But with hindsight, it was a brilliant play - German rates are now almost negative, peripheral sovereigns are yielding less than 2% - and so the prices of those bonds have skyrocketed. Literally. Seems Corzine's bets were too big and too early, but had he the financial wherewithal to ride out the crisis, his investors would be stinking rich today.

    Instead they're wondering where he is! Just sayin...
    Apr 20, 2015. 04:15 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: China Moves Again To Fight Slowdown [View article]
    @oilyolin - I'll excuse your ranting, no problem. It is however more difficult to excuse your grammar and spelling mistakes.
    Apr 20, 2015. 03:51 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Eurozone Manufacturing Data Adds To Recovery Hopes [View article]
    At last - a Russian official who tells the truth: "Structural reforms were not done in time". I suspect he will be in prison on tax-evasion charges within 3 months, and probably dead before the year is out.

    To anyone else it's obvious the economy hasn't been reformed, though it desperately needs to be. Those in power were too busy lining their own pockets to make time for economic management. The result: no export-manufacturing sector, no international service sector, despite Russia having some of the best brains and richest investors on the planet. Hmmm. Seems all they can do is dig stuff out of the ground with soviet-era equipment for those countries that are (or were) growing fast. And steal from their fellow citizens. What a waste.
    Apr 1, 2015. 08:46 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Euro Heads For Biggest Quarterly Fall On Record [View article]
    The AIIB won't replace the IMF as the "go-to" source for project funding because the IMF doesn't really provide project loans - the World Bank does.

    China's currency may indeed one day usurp the dollar as the world's reserve currency, but that day is a long way off, and depends not so much on things like the AIIB, but on domestic economic reforms: the end of China's capital controls, restrictions on foreign ownership of both physical and financial assets, strengthening the rule of law in corporate matters, enablement of full currency convertibility, and diminishing state intervention in the economy.. the list is long, but they are moving in that direction.

    The US, on the other hand, is pissing away it's natural advantage each time it imposes fines and restrictions on foreign financial institutions who deal in the dollar, as punishment for breaking domestic US law. Even our allies are itching to get away from the diktat of the NY attorney general and other self-proclaimed global cops. Chickens will come home to roost.
    Mar 31, 2015. 08:20 AM | 24 Likes Like |Link to Comment
  • Wall Street Breakfast: Markets Prepare For Yellen Speech [View article]
    Be like a turtle - sell in May, retreat into your shell, and wait. Be patient before venturing out again, and your investments will multiply.

    The turtle lives 'twixt plated decks
    That practically conceal it's sex
    I think it clever of the turtle
    In such a fix to be so fertile.
    Mar 27, 2015. 09:12 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Markets Await Fed Policy Decision [View article]
    What a surprise. Sheldon Adelson is the very definition of a "foreign interloper who influenced the Israel election". In fact, your phrase also happens to be the perfect description of Mr Adelson in the context of Washington. Never has anyone shloshed so many tens of millions of dollars lobbying for a foreign government, against American interests, in our nation's capitol, and gotten away with it. I agree with you - those types are indeed racketeers.
    Mar 18, 2015. 06:04 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Markets Await Fed Policy Decision [View article]
    Spald, I presume you're referring to Sheldon Adelson. Clue me in.
    Mar 18, 2015. 02:44 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Markets Await Fed Policy Decision [View article]
    I'm going to give GNT a miss - the news out of the Middle East is bad today, and will only get worse tomorrow. Another term for Bibi simply means more settlement-building on other people's land (ethnic cleansing by any other measure) and more good reasons for Arabs to pick a fight with us, as if there weren't enough fights already in that sorry patch of the world.

    Why this country provides political cover and financial support for land-grabbing is beyond me. It's like shooting yourself in the foot, heel, knee and leg. We wouldn't tolerate it anywhere else by anyone else, and it's even more hypocritical given that settlement-building in occupied territories is contrary to international law, UN resolutions, and plain old moral values.

    America's security concerns are not identical to Israel's security concerns (nor those of England, Japan or any other country) and it's about time we re-focused on what is right for the citizens of this country, period. I have no qualms with U.S. military assistance to help our friends if their borders are attacked (à la NATO, for example) but that is not what this is about.
    Mar 18, 2015. 12:33 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: South Korea Next To Jump On Easing Bandwagon [View article]
    And I have a hard time believing he calls himself a "real American". Sounds to me he lives in some virtual space halfway between the Rambo and Dr Strangelove movies.
    Mar 12, 2015. 11:32 AM | 5 Likes Like |Link to Comment
  • Kinder Morgan: Trees Don't Grow To The Sky [View article]
    Agreed, but remember hedging costs money - and hedging their exposure for 7 or 12 years is pretty much impossible. Thus, an imperfect hedge (short periods that have to be rolled over) will cost a lot of money and doesn't provide full protection.

    The whole thing makes no sense to me, otherwise we would have seen every S&P500 company doing it.

    Still, as the author says, it's chump change for KMI.
    Mar 12, 2015. 11:09 AM | Likes Like |Link to Comment
  • Kinder Morgan: Trees Don't Grow To The Sky [View article]
    or... Paul Bunyan ??
    Mar 12, 2015. 10:53 AM | 2 Likes Like |Link to Comment
  • Watch Out, There Is An M&A Transaction In Every Major CRO's Playbook For 2015-2017 [View article]
    Thank you for the research. There seems to be more than meets the eye when considering Q's growth prospects. As I understand your thesis, execution will be key, not so much in the operational sphere but on the finance and corporate engineering side of things.
    One quip: the article could have done with some more editing.
    Mar 12, 2015. 10:48 AM | Likes Like |Link to Comment
  • Kinder Morgan sells first euro bonds [View news story]
    Makes no sense. The world is littered with financial disasters created when companies borrow in foreign currencies to fund domestic assets, only to get wiped out when exchange rates jolt. Are you sure the euro won't go back to $1.20 or $1.30 in 7 or 12 years time? And all this to save pennies on what are already rock bottom interest costs...
    Mar 10, 2015. 01:35 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: All Eyes On Jobs [View article]
    @ Deercreekvols Research Group - you might also ask them if they knew where Corzine is. You never know, one of them may have seen him at the local burger joint.
    Mar 6, 2015. 10:57 AM | 4 Likes Like |Link to Comment
  • 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