sa44ron

The Scariest Chart Ever

I will fill in the blank: ___ anyone holding US treasuries ten years from now___


On Jan 20 05:34 PM a believer wrote:

> Yep and at $4.6 billion we are closing in on 40% of GDP.
>
> Even though the charts look hyperinflationary, its just that the
> old non-existent funny money *non-performing debt* is being replaced
> by new non-existent funny money *US-issued treasury debt.*
>
> Those left with the obligation to pay will be ___ (fill in the blank,
> if you know).

The Fallacy of Floating Exchange Rates

The only leverage anyone has over government, that is that they be responsible, is a floating currency. Everyone is bashing the so called speculators, as the reason that the markets are down. Be careful what you ask for? At least now we have the choice to follow the leader or not? Time will ratify the decision. With one currency, one country runs the show; like or not. And I hope you are not suggesting 'currency by committee'. Next thing you will be doing is forbiding citizens to own gold.

Four Banks to Bank on - Barron's

Hey Art, You said it in your first statement. 'Find gold' I have picked something that I feel comfortable in holding a position. Then I am trading a percentage of my position on the volatility. So I get paid while I wait. And I choose a couple of stocks that trade good volumes on the NYSE.

Disclosure: long positions in AEM(gold) and NXY(oil)


On Jan 12 02:44 AM ArtfulDodger wrote:

> Someone will certainly be able to pick thru the financial trash dump
> and find gold. Not me.
>
> I used to trade the banking cycles, but not this one. Every few years
> the banks used to crash and the media would claim the system was
> broken, but they always came back. You could find plenty of banks
> with solid yields and cash flow selling at low ratios with good balance
> sheets.
>
> The difference between then and now is one word: debt. The balance
> sheets of most every bank is laden with debt, and now many of them
> owe the government money -- to boot.
>
> Another problem is, the government needs to let banks fail. There
> are too many of them, and many are terribly managed. I say this because
> during the last few years when they had their largest lending speads
>
> ever, they borrowed and borrowed, instead of building their balance
> sheets for the hard times that always come.
>
> I wish everyone well who dives into the financial dump, and I appreciate
> the stock touts. But it's a sick area, and I think it'll stay that
> way for quite a while.

Four Banks to Bank on - Barron's

Very patient investors should wait until the banks report increasing positive year over year earnings. Then, pick one of the survivors. And there are plenty of other things to look at in the mean time.

Market May Get Cheaper, But Tail Can't Wag the Dog Forever

The tail can't wag the dog? Try and tell that to the FED. They have been wagging the economy and the currency markets for at least ten years. Remember: the Asian currency crisis, the Russian ruble crisis, Y2K, the 2001 recession, the 2009 recession. They flushed the system with money and what did we get: the Tech bubble, the Real Asset (gold, commodities, real estate) bubble, the cash (US Teasury)bubble. Now they are going to buyback US 30-year long bonds to force future interest rates lower and float the US real estate market. So now where is the 'hot money' going to go? Into long bonds?

Who said I won't get fooled again?

Watch for Yourself: 60 Minutes Oil Story Was Spot On

That's the funniest thing I have ever heard. Even funnier than the other article.


On Jan 13 08:16 AM Deflation Rocks wrote:

> I'm not very smart, but I do know this....
>
> 1. I place a sell order.
> 2. Oil ticks down.
> 3. I buy to cover.
> 4. Oil ticks up.
>
> The Delta between the uptick and downtick is not always equal. Therefore,
> the market is affected by my order.
>