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AndrewBaker

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  • Wall Street Breakfast: Where Do We Go From Here? [View article]
    Sorry: system posted twice, not me, and didn't allow edit or remove.
    Jul 1, 2015. 09:23 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Where Do We Go From Here? [View article]
    Prohibition brought the gangsters in, allowed them to grow and they are still with us. Illegal drugs should be de-crimilalized, and come under the control of government. Addicts should get a - clean, unadulterated - supply through an appropriate government agency, at a reasonable cost. When they realize they need to quit, they should be offered treatment and support at a properly run official quitting/rehabilitation centre. The cost could be neutral as the money raised from selling to addicts/users would fund the whole operation.

    Crime would fall:

    Why risk arrest, imprisonment, and possible harm to oneself and others by stealing to buy drugs, when you can get a supply at a reasonable cost from the shop?

    Drug barons would lose their business, not just in the country of use but production also, if governments there sold supply to user country governments.

    There would in time be fewer drug users. It's not such a thrill snorting/smoking/injec... when it's not going against the establishment. Those that did anyway would get treatment when they realized or decided they needed it. The ones who despite everything carried on regardless would probably have done so anyway, only without the crime required to get money for supplies or get the supplies to the user.

    Other countries have de-crimilalized drugs, and none that I know of have found it has made the situation worse, and many have found that lower addiction and crime rates follow on from having done so.

    Ban drugs and keep guns is what we have now: ban guns and keep drugs would be so very much better.
    Jul 1, 2015. 09:18 AM | 12 Likes Like |Link to Comment
  • Wall Street Breakfast: Greece On Verge Of Default [View article]
    Greece will default, whatever the name given to it; and they are playing hardball, risking exit from the Eurozone. However, whatever happens, stock market falls due to it will be buying opportunities. The summer, Greece, terrorism, Russia, et al together will make markets jittery and cause drops in the values of stocks; but the longer term trend is still up and bullish, so keep an eye on the stocks you want and pounce when they have dropped in price. For the next couple of months, stocks are on sale!
    Jun 30, 2015. 09:24 AM | 8 Likes Like |Link to Comment
  • Wall Street Breakfast: Greek Crisis Batters Markets Worldwide [View article]
    One thing is abundantly clear today: there are very few amongst us who like politicians, myself included. Whatever happens, they tell us what to do with scant regard to what we want. And when stuff they do doesn't work out well, we get regaled with other stories of little import or interest in order to take our attention away from the mess made elsewhere.
    Jun 29, 2015. 11:19 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Greek Crisis Batters Markets Worldwide [View article]
    Greece matters very little economically: it is just too small to count. What matters is how other EU countries may think and want to do in the future if Greece doesn't comply and doesn't adopt sensible financial plans.

    Frankly, I'm surprised that markets are moving much at all as a direct consequence of the Greek debacle; and think maybe it's a function of summer entropy: so many are thinking of and are going on vacations so the few left working have a disproportionate effect on prices when buying, selling and commenting.

    Whatever happens with Greece, the effect on business will be minimal, if that. Maybe, gold may perk up a little as more get more dis-enamored with fiat money, but beyond that, buying those new clothes to go on vacation with is more important.
    Jun 29, 2015. 08:04 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Throw China A Life Preserver [View article]
    Tesco, the world's second largest supermarket ...

    This is one great recovery story. Having made errors that hurt the stock price, and caused an overreaction such that it went way too low, they are now selling non-core assets, improving sales in the core business, and strengthening personnel at the top. The dividend has dropped as a result of mistakes made, but it will recover, so income will be seen whilst holding for capital gain. The upside is potentially high, whilst it's such a solid business, you don't have to worry about holding stock longer term. I'm long, and buying any dips over the summer. Plus: as the dollar loses out, there is a currency gain to add in too. Fill your boots, those who read this and are real investors (and the rest can become Herbalife distributors, lol.)
    Jun 26, 2015. 12:25 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Greek Creditors Give Tsipras Ultimatum [View article]
    Meanwhile, British Prime Minister David Cameron ...

    He will be heartbroken to leave: and it won't happen. The British are not so crazy that they will walk away from the benefits being an EU member brings. There are crazies in every nation, but not enough in the UK to cut themselves off from Europe and bring financial problems back due to lost trade as a result.

    The referendum will be managed in such a way that the vote will say yes to staying in. No matter what the media, politicians or others say publicly, the whole thing will be managed to ensure a continuation of membership.
    Jun 25, 2015. 07:51 AM | Likes Like |Link to Comment
  • U.K., EU relationship on summit agenda [View news story]
    He will be heartbroken to leave: and it won't happen. The British are not so crazy that they will walk away from the benefits being an EU member brings. There are crazies in every nation, but not enough in the UK to cut themselves off from Europe and bring financial problems back due to lost trade as a result.

    The referendum will be managed in such a way that the vote will say yes to staying in. No matter what the media, politicians or others say publicly, the whole thing will be managed to ensure a continuation of membership.
    Jun 25, 2015. 07:49 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Eurozone Economy Weathers Greek Storm [View article]
    I'm talking about making money on European stocks: not only are capital values going up, but as the Euro recovers against the dollar, there will be currency gains also.
    Jun 23, 2015. 12:06 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Eurozone Economy Weathers Greek Storm [View article]
    The European stock markets are doing well and getting better, so any falls caused by worries about Greece are buying opportunities. Those who have been investing in European stocks over the last little while, and continue so to do, will have already seen good rewards, and will see even healthier returns in future, IMHO.
    Jun 23, 2015. 07:19 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Stocks Soar On Greek Hopes [View article]
    It was a given: no-one will be surprised. It's the principle of someone dropping out that is causing concern, not the actuality of it being Greece: they are such a small part of the EU, that financially it won't matter much; but if Portugal, Italy, Spain, as examples, started to look at a euro exit to solve their problems ... then there would be much and real disquiet.
    Jun 22, 2015. 11:23 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Chinese Shares Shout Mayday! [View article]
    The Far East is a good market in which to invest right now, even with the high volatility of the Chinese markets, which is in large part because the Chinese are gamblers and react like gamblers to every change in sentiment and direction. A 10% rise or fall in Chinese indices is probably, and for example only, not a mathematical forecast, equivalent to a 2% rise or fall in stable Western markets: meaning, not a great deal to shout about, or be that concerned about. Now, if New York dropped 10% in a few days ... that would be majorly worrisome.
    Jun 19, 2015. 08:37 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Greece's Future Hangs In The Balance [View article]
    Whilst Greece, Russia, Europe et al are taking lots of the limelight, the far east should not be ignored. China jumps up and down at an alarming rate, but overall far eastern markets are worth buying into over the next few months. They will rise as world economies improve, and recent falls make for attractive entry levels, through a specialist mutual fund IMHO, as few of us have the knowledge to invest direct.
    Jun 18, 2015. 08:48 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: All Eyes On Fed Meeting [View article]
    Nestle is cutting 15% of its workforce in 21 African countries because it says it overestimated the rise of the middle class ...

    Sadly a lot of people and organizations have overestimated the rise of Africa. Whilst it is still popular for the leaders there to blame previous colonial rulers, many countries have been independent for many years, yet have not managed to advance their economies or other internal assets and properties. Money is milked out of the countries by those in authority and with connections, whilst little is done to improve. Until there is true democracy in these countries, little sustainable growth may be expected. And in truth, much poverty will continue for many.

    South Africa has had new leadership for many years now, but the ordinary people have not benefited; and it is likely that there will be internal strife in the future when people finally realize and accept that the change in leadership has done nothing for them.
    Jun 17, 2015. 07:22 AM | 15 Likes Like |Link to Comment
  • Wall Street Breakfast: Another CEO Shakeup - Twitter's Costolo Steps Down [View article]
    Bund yields fell again today ...

    Yes, there will be ups and downs as uncertainty always gives this, however, those wanting to unload their bunds, treasuries, bonds, gilts, and similar should seize these opportunities to get out at a slightly higher capital price. As yields inexorably increase, capital values will fall, and a doubling in yields, which at current levels is highly on the cards in time, will slash capital values by around 50%. Go now while the going's good!!
    Jun 12, 2015. 08:08 AM | 1 Like Like |Link to Comment
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