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stevepoddy

stevepoddy
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  • An Epic Australian Bust [View article]
    Dot.com was smoke. Cds bubble a bubble of paper. Mines are real,in case of a slowing demand,you can close the mine or get less production.China isn't the only buyer of minerals.Don't forget Japan, South Korea,India and Thailand.
    Feb 28 01:07 PM | Likes Like |Link to Comment
  • Economists who see a recession ahead jump to nearly one in three. But in case you hadn't noticed, economists tend to be reactionary in their recession calls, often not even coming close to predicting weakness until the stock market plunges. In June and July, ~15% saw a recession; an increase seems certain "as more and more economists roll out their (uncannily similar) estimates."  [View news story]
    Nobody is less useful than an economist.Save their earnings.
    It's less expensive to read tea leaves.Same results.
    Aug 12 05:59 PM | 1 Like Like |Link to Comment
  • With rates bound to go up sooner or later, many investors have fallen for floating-rate mutual funds. But many include a "Libor floor" which can act as an anchor until rates rise more than you might realize. And past performance charts don't really take the formerly uncommon floors into account.  [View news story]
    The basic rates are Treasuries'.Until these rates are low,US can
    pay interest and not borrow more.So,I don't think bond rates will
    go higher very soon.
    Jun 18 02:55 PM | 1 Like Like |Link to Comment
  • Buy the Dip on Big Oil [View article]
    Your model is a good example of cloud thinking."2014....". No data.
    May 19 08:41 AM | Likes Like |Link to Comment
  • Buy the Dip on Big Oil [View article]
    Where is the dip?In your dreams?
    May 19 08:38 AM | Likes Like |Link to Comment
  • America's greatest threat is not the deficit or terrorism or China - it is "impotent leadership... the lack of vision... the selling out to the highest bidder in Washington," Barry Ritholtz writes. The U.S. government "has become a giant grift, populated by Jezebels and strumpets," guided only by the "endless stream of corporate giveaways, tax loopholes and bailouts."  [View news story]
    Democracy isn't perfect,but it's the best government system that we have. Do we have in the Congress the best politicians that there are in US?Probably yes. But if we change people,I guess the results will not change. Think a little. The few have the most of the American wealth.The instruments of the few are Corporations,that use money to influence the Congress. This isn't democracy,it's PLUTOCRACY.
    The biggest problem in our Nation is the financing of politics.
    Change the rules of financing,politics will change.

    .
    May 14 05:49 PM | 3 Likes Like |Link to Comment
  • Another Tech Trade: Long CTrip and Short Valueclick [View article]
    I'm associated to Ctrip.It works perfectly.
    Jan 8 12:36 PM | Likes Like |Link to Comment
  • Bah, humbug! Brett Arends offers 10 reasons why he doesn't believe in the Santa rally. To cite two: Shares may be more expensive than they're telling you. And the market value of non-financial U.S. equities is within ~15% of the Oct. 2007 peak, implying that "most of the last three years was little more than a bad dream. Do you believe that?"  [View news story]
    What doesn't work is not industries or single enterprise.
    We need a serious government,a new Treasury Secretary, a substitute of Bernanke.It's the architecture of the house that's falling,not the interiors.Obama,wake up!2012 is not far!
    Dec 29 08:59 PM | 2 Likes Like |Link to Comment
  • A lone dissenter among the Fed's QE2 proponents, John Kemp thinks people should pay more attention to FOMC veteran Thomas Hoenig's warnings: "Hoenig is right. It is time to stop over-reacting to the monthly data releases and start focusing on the long-term and structural reform."  [View news story]
    I deeply agree.The short and the long term value of a firm can be very different,but only the long term value make sense.Think
    of a mine,a shipbuilding,the long investment needed in medical R&D.How many year it takes ti build the knowledge of a person,
    to grant an MB or Ph.D? Economics is long term,Finance short.
    Putting them together has been a great mistake.
    Oct 17 05:33 PM | 6 Likes Like |Link to Comment
  • Don't blame the foreign reserves build-up by emerging nations for exchange rate imbalances, says Brazil’s Central Bank President Henrique Meirelles at the annual IMF meeting. In reality, "the most important imbalance today is the American monetary expansion... this is the biggest injection of liquidity in the international economy."  [View news story]
    Everybody knows this.Please don't tell it to the President.
    Oct 10 07:05 PM | 2 Likes Like |Link to Comment
  • Telefonica: A European Stock to Consider for Income [View article]
    Thanks for your professional info. I was sure the most important wireless company in u.k. was Vodafone,now I know it's Telefonica.
    Oct 10 06:54 PM | Likes Like |Link to Comment
  • Google's (GOOG) sights are set so far beyond just internet search that it has already logged 140,000 miles on a new semi-secret test program to design cars that can drive themselves thanks to artificial intelligence systems. The project underscores Google's continued itch to expand and its willingness to gamble on technology that may not pay off for years.  [View news story]
    Really,up today,electronics devices are not yet fully reliable. What happens when in a car without driver,they go out of service?
    Oct 10 06:19 PM | Likes Like |Link to Comment
  • Escalating Currency Trading [View article]
    Today,trade is faster and so it's money.Speedy greenback.
    Old economic law.The more the speed,the more the money.
    Oct 10 06:07 PM | 3 Likes Like |Link to Comment
  • Gold and Silver Almost Go Parabolic as Currency Wars Heat Up [View article]
    I'm sorry,but the dollar isn't democratic nor republican.It's the
    money of the United States.Our Nation.Don't divide,unify.
    Oct 10 05:53 PM | 4 Likes Like |Link to Comment
  • Gold and Silver Almost Go Parabolic as Currency Wars Heat Up [View article]
    Yeah,gold is a mean of change,universally accepted,but the greenback.....may be yes,may be not,its value is oscillating.
    There is today a greenback devaluation,universally recognized,so people look at gold. Every value is relative,the absolute value don't exist.
    Oct 10 05:49 PM | 4 Likes Like |Link to Comment
COMMENTS STATS
52 Comments
86 Likes