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Bill S. Friend

Bill S. Friend
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  • Greece's Day Of Reckoning Is Only The Start [View article]
    Very succinct analysis of the Greek tragedy. The word default may never be used to protect the EU and major financials. The spin is amazing! Unfortunate for bond holders as more debt is issued, the symantics seem to have more influence than the reality of the situation. If officially "default" cannot occur when bonds are paid at 30 cents on the dollar, default will never occur, either in Greece, Portugal, or any EU country.
    Feb 19 10:07 AM | 4 Likes Like |Link to Comment
  • Greece agrees to lay off 15,000 public-sector workers by the end of 2012, a government minister says, which would signal a concession after meetings between PM Papademos and Greece's political leaders over a reform program demanded by the country's creditors had been delayed for another day.  [View news story]
    Apathy reigns in America. Many Americans would sooner starve than pluck a chicken.
    Feb 19 09:42 AM | 2 Likes Like |Link to Comment
  • The House and Senate approve legislation renewing the payroll tax cut, but the latest inflation data shows any savings could be offset by rising gasoline prices. The higher costs could be somewhat offset by lower winter heating bills for now, but those savings will fade as spring driving season begins. By then, experts say gasoline could be over $4/gallon.  [View news story]
    Good point Jstratt, except invest in what? Once burned twice shy. I thought real estate was a safe play until corporate raiders devised a scheme to blow that industry up. It seems whenever I find a good thing they are two steps behind me with a think tank focused on obtaining my money.
    Feb 17 09:49 PM | 2 Likes Like |Link to Comment
  • Stocks Surge Thanks To Good Economic Data [View article]
    Greece has been on the verge of a deal for six (?) weeks! If they had it together it would be done by now. Default is looming more and more likely. They will certainly not publicize how much money is flowing out of Greece right now but I would say its significant. Portugal is next. Jawboning alone cannot avert this debacle!
    Feb 16 11:10 PM | 1 Like Like |Link to Comment
  • Greece agrees to lay off 15,000 public-sector workers by the end of 2012, a government minister says, which would signal a concession after meetings between PM Papademos and Greece's political leaders over a reform program demanded by the country's creditors had been delayed for another day.  [View news story]
    Whew! Problem solved! Whats next on the agenda?
    Feb 6 10:15 PM | 3 Likes Like |Link to Comment
  • Time To Get A&F At A Bargain [View article]
    My local ANF has redline merch at an additional 30% off, and I would suspect thats the trend nationally. Marking down inventory is sure to generate more sales.
    Feb 6 07:01 PM | Likes Like |Link to Comment
  • Baltic Dry Index Plumbs New Lows [View article]
    As the previous low predated the Dows precipitous decline in March of 2009 by 3 months it is a bit alarming, and it will be interesting to see if another decline is coming.
    Feb 2 03:04 PM | Likes Like |Link to Comment
  • The Silver Singularity Is Near [View article]
    Extend and pretend is the Eu's strategy however impossible the mathematics is. Greeces' eventual demise is a forgone conclusion despite the jabbering issued from these (sixteen!) summits. Waiting in the wings is the rest of Europes misbegotten children all holding empty bowls, waiting for their turn. Perhaps the word "default" will never be uttered yet it would seem that is exactly what is happening right now.
    Jan 31 09:53 AM | 2 Likes Like |Link to Comment
  • Greece and its private creditors may be close to a deal on a debt swap, but the country's officials angrily reject a leaked German proposal that an EU budget commissioner should have veto powers over Greece's budget if it is not in line with targets set by international lenders.  [View news story]
    Its really basic math at this point, and its doubtful anything can be done to stem the tide even if Greece was a willing participant.
    Jan 31 09:15 AM | Likes Like |Link to Comment
  • The Silver Singularity Is Near [View article]
    Very informative article and lively discussion! The possibility of Greeces' default brings about questions as to the viability of the Euro long term, and thus all fiat currencies.
    Jan 29 05:29 AM | 2 Likes Like |Link to Comment
  • The Silver Singularity Is Near [View article]
    Conveniently Silver Eagles are $1 and Gold eagles $50 denominations.
    Jan 29 05:09 AM | Likes Like |Link to Comment
  • Greece and its private creditors may be close to a deal on a debt swap, but the country's officials angrily reject a leaked German proposal that an EU budget commissioner should have veto powers over Greece's budget if it is not in line with targets set by international lenders.  [View news story]
    Any deal now would not necessarily mean glad tidings for the worlds stock markets, but certainly a strong case for investing in precious metals. Greece may very well be the first dominoe to fall, it will be interesting what other countries are in line, and how far reaching the crisis will be.
    Jan 29 04:40 AM | 1 Like Like |Link to Comment
  • Looks like a repeat headline, but isn't: Negotiators say Greece and private creditors are close to a deal on a debt swap. Now, creditor reps Charles Dallara and Jean Lemierre may offer interest rates that would mean bigger losses for bondholders that would still be recouped if strong growth returns. (last weekend)  [View news story]
    Sell on the news.
    Jan 29 04:30 AM | 1 Like Like |Link to Comment
  • Additional S&P ratings cuts: Italy, Spain, Portugal, and Cyprus are slashed by 2 notches. Austria, Malta, Slovakia, and Slovenia are cut one notch. Having their ratings affirmed: Germany, Belgium, Finland, Ireland, the Netherlands, Luxembourg, and Estonia. (earlier)  [View news story]
    The ECB is sure to come out with some agreement to stem the tide, just like the US did, and then its off to the races!
    Jan 13 07:12 PM | 1 Like Like |Link to Comment
  • Be wary of analysts' "top picks," says Brett Arends. This is the time of year when Wall Street's best and brightest put out their favorite stock selections for the coming year. However, if 2011's ten most popular buy-rated stocks are any gauge, you'd have been better off owning an index fund. Had you invested in each of these stocks a year ago, banked the dividends, and cashed out at the end of the year - you’d have actually lost money.  [View news story]
    Pimcos paying 5% fixed interest, perfect parking lot for dry powder.
    Jan 4 10:04 PM | Likes Like |Link to Comment
COMMENTS STATS
711 Comments
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