mike904's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/329985/comments http://seekingalpha.com/article/173769-christmas-comes-early-key-retailer-cds-equity-relationships?source=feed#comment-764192 764192
sure, why not. ]]> Tue, 17 Nov 2009 14:49:38 -0500
sure, why not. ]]> http://seekingalpha.com/article/173862-marc-faber-clarifies-gold-outlook?source=feed#comment-764187 764187 Tue, 17 Nov 2009 14:46:09 -0500 http://seekingalpha.com/article/113909-savings-debt-and-the-global-economy?source=feed#comment-349991 349991
The Chinese aren't "buying bonds", they're exchanging cash for cash equivalents. The fact that Wall Street spent 7 years manufacturing cash equivalents is what made this "demand" appear.

The whole idea that central banks "invest" in government bonds is loonie. Governments NEVER pay their debts. Treasury bonds are just a debasing mechanism. Global free trade is lipstick on a tradewar pig.
]]> Thu, 08 Jan 2009 14:33:17 -0500
The Chinese aren't "buying bonds", they're exchanging cash for cash equivalents. The fact that Wall Street spent 7 years manufacturing cash equivalents is what made this "demand" appear.

The whole idea that central banks "invest" in government bonds is loonie. Governments NEVER pay their debts. Treasury bonds are just a debasing mechanism. Global free trade is lipstick on a tradewar pig.
]]> http://seekingalpha.com/article/112785-don-t-miss-the-coming-gold-bull?source=feed#comment-344437 344437
Paul Volker once said his biggest mistake was "letting the price of Gold get too high".

What does that tell you?




On Dec 31 06:40 PM aitvaras wrote:

> Comet1, I don't really believe it will drop like a rock but it has
> the potential to do so if additional forced selling comes into play.
> I'm pretending to be Greg Pinelli who has been tauting stocks of
> all stripes without rhyme or reason during a Bear Market in the middle
> of a severe recession.
>
> Every stock or ETF he picks is a long position. Meanwhile, since
> I believe we are still in a Bear Market and the Recession will get
> worse, I picked something he loves and UltraShorted it.
>
> Another reason, however miniscule, is that the Central Banks will
> dump more Gold than usual because of its current value and Gold is
> now up 8 years in a row.
>
> Are you willing to bet the Bank on 9, I am not.
>
> IMHO]]> Fri, 02 Jan 2009 15:05:00 -0500
Paul Volker once said his biggest mistake was "letting the price of Gold get too high".

What does that tell you?




On Dec 31 06:40 PM aitvaras wrote:

> Comet1, I don't really believe it will drop like a rock but it has
> the potential to do so if additional forced selling comes into play.
> I'm pretending to be Greg Pinelli who has been tauting stocks of
> all stripes without rhyme or reason during a Bear Market in the middle
> of a severe recession.
>
> Every stock or ETF he picks is a long position. Meanwhile, since
> I believe we are still in a Bear Market and the Recession will get
> worse, I picked something he loves and UltraShorted it.
>
> Another reason, however miniscule, is that the Central Banks will
> dump more Gold than usual because of its current value and Gold is
> now up 8 years in a row.
>
> Are you willing to bet the Bank on 9, I am not.
>
> IMHO]]> http://seekingalpha.com/article/112983-depression-pmi-and-china?source=feed#comment-344431 344431
In the 20's the US funded much of it's overseas trade just as China did from 2000 to 2007. When liquidity dried up, the US attempted to hold onto the value of it's manufacturing by limiting imports. I suspect that unless our country is run by college professors with dictatorial powers this will happen again.

China is doing the same thing now. It's first fixing prices, by limiting farm export licenses. It's "helping" domestic farmers by setting up a crop reserve, which will help increase yuan grain prices and ease the transition of millions of people leaving the cities for their old lives back on the farms. It's using infrastructure projects, including 5 bullet trains, to hire excess workers. Sound familiar?

Rather than judging this to be right or wrong I would judge it to be natural, predictable and inevitable. China's goal, as it has been for 2,000 years is stability. In the US, 90% of economists are in complete agreement as to the solution to this problem, a situation I find terrifying.

As to the conclusion to the effects of Smoot Hawley, I have no clue other than to say Naill Ferguson said it had a minimal effect on the US.







]]> Fri, 02 Jan 2009 14:59:27 -0500
In the 20's the US funded much of it's overseas trade just as China did from 2000 to 2007. When liquidity dried up, the US attempted to hold onto the value of it's manufacturing by limiting imports. I suspect that unless our country is run by college professors with dictatorial powers this will happen again.

China is doing the same thing now. It's first fixing prices, by limiting farm export licenses. It's "helping" domestic farmers by setting up a crop reserve, which will help increase yuan grain prices and ease the transition of millions of people leaving the cities for their old lives back on the farms. It's using infrastructure projects, including 5 bullet trains, to hire excess workers. Sound familiar?

Rather than judging this to be right or wrong I would judge it to be natural, predictable and inevitable. China's goal, as it has been for 2,000 years is stability. In the US, 90% of economists are in complete agreement as to the solution to this problem, a situation I find terrifying.

As to the conclusion to the effects of Smoot Hawley, I have no clue other than to say Naill Ferguson said it had a minimal effect on the US.







]]> http://seekingalpha.com/article/112450-2009-expecting-a-massive-rally?source=feed#comment-344418 344418
The problem this time is that in the 80'smost real estate was privately held in partnerships which didn't affect the averages. This time a pretty good % of the S&P is in REIT's which I really think are going to get utterly unhinged from any mooring.

]]> Fri, 02 Jan 2009 14:37:02 -0500
The problem this time is that in the 80'smost real estate was privately held in partnerships which didn't affect the averages. This time a pretty good % of the S&P is in REIT's which I really think are going to get utterly unhinged from any mooring.

]]>