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AndrewBaker » Comments » ADP

  • Wall Street Breakfast: Must-Know News [View article]
    Buffett buying a railroad is good sense for anyone with a long term investment horizon such as his. Infrastructure is needed even in the deepest recession: roads, railroads, ports and airports, ships, hospitals, schools, bridges and similar constructions must be built and maintained in order for any economy to sustain yet alone thrive. Some of my own investment is in global infrastructure, and what is not dollar denominated has a good chance to add value through the exchange rate.
    Nov 04 08:58 am |Rating: +7 -1 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I agree, with one slight alteration: it's like handing the gun to GS and inviting them to shoot us in the foot. Times like these shine a light on the great and greedy, and this one is flashing red!


    On Nov 04 08:25 AM doubleguns wrote:

    > Why would the govt sell tax credits that they should just let expire.
    > The tax payers OWN fannie so selling 3B of tax credits for anything
    > less than 3b is just shooting our selves in the foot.
    >
    > The hell with the bidding. They cost 3 billion, bottom line you thieves.
    Nov 04 08:50 am |Rating: +12 0 |Link to Comment
  • Accelerating Bank Failures Refute Recovery Hype [View article]
    As more and more smaller banks go under, the stock prices of the biggest banks, bailed out with our tax dollars and bankrupt in all but name, go marching higher as lemmings throw their money off the cliff to buy buy buy! What is happening?

    Sensible and intelligent people make comment about this, yet bulls abound and mark down such comment without any idea of the financial crisis we are still in, and that is only being held at bay by more and more fiat money being tossed at failed businesses.

    This thing could go on for much longer than I thought, and in so doing will serve to increase the crash in prices that will overtake big bank stocks in the future.

    I'm probably going to have to sell my financial shorts to cap the losses, but that does not make these price rises right: it makes for a bigger crisis down the line than there should ever have been when the exisiting and future bad debts come home to roost, which they will.
    Aug 03 08:43 am |Rating: +5 -1 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I've decided that I have to get out of the financial and index shorts that I'm holding as the powers-that-be won't let the banks and financials fall anytime soon. They will drop in time but that will be a long way into the future, when the planned-for inflationized recovery has made our pain seem not as bad as it really is because the numbers will all be bigger, but not worth nearly as much.

    Doing it this way will make us all poorer than we otherwise would have been, but will enable the boys to claim they've saved the economy, the world and anything else that's not nailed down. They will be fine, we will be poorer, but not totally sure about that because it will have taken so long and values so messed up because of inflation that all we will know for sure is that somehow we were done over by legalized grifters.
    Jul 30 10:58 am |Rating: +3 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Whilst it may be that we've been near the bottom or even at it, this recent bounce has a big leg down to come, especially in the financials. So do expect a reversal soon.
    May 05 09:25 am |Rating: +6 0 |Link to Comment
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