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bluesmoke

bluesmoke
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  • Gold Bugs: Beware of Fed Extermination [View article]
    In other words, when interest rates rise and they stop printing paper money, stop financing 3 wars, fix the entitlement programs, stop buying foreign oil, stop bailing out banks, stop buying our own debt, they pay off the deficit and balance the budget, and meanwhile the Chinese and India decide to no longer use it as a store of value, then gold will take a big hit? Thanks, but I'll take my chances with some precious metals, just in case.
    Apr 26 04:41 PM | 56 Likes Like |Link to Comment
  • Why American Oil Companies Passed on Shale Gas [View article]
    What you fail to incorporate in your guesswork is the lack of a clearly defined US energy policy. Until that happens, the lobbyists will overrule logic.
    Jul 22 09:48 AM | 26 Likes Like |Link to Comment
  • How Hyperinflation Will Happen [View article]
    Right or wrong, I welcome this type of thinking. It's what separates SA authors from the rest of the ass-kissers.
    Aug 24 10:18 AM | 22 Likes Like |Link to Comment
  • The iPad and Realtors: A Match Made in Heaven [View article]
    Apple's products follow an interesting path. At first glance the general response is "I don't really need this". A couple months later it's, "how did I ever live without this".
    Mar 28 09:43 AM | 18 Likes Like |Link to Comment
  • Why I'm Skeptical About Asset Allocation [View article]
    I'm no expert, and maybe that weighs in my favor. The main problem I have with inflation-linked bonds, (and I am assuming you are talking about TIPS here), is the distorted yardstick by which the US government measures inflation. Several other factors like a falling dollar come into play as well. So although you may not consider commodities an asset class, energy stocks, MLP's, Royalty Trusts, and other securities that rise in value when the dollar falls, AND generate income, are a much more accurate reflection of the true state of the economy. Plus, many of these are based in foreign currencies. Besides, putting all or a majority of your assets in a dollar based portfolio is limiting diversification.
    Sep 27 11:19 AM | 18 Likes Like |Link to Comment
  • Why Realty Income Trust Can't Be Trusted [View article]
    According to the website, Realty Income has paid a consecutive monthly dividend for 40 years - probably longer than you've been alive. The dividend has been increased 55 times. I'm no fortune teller, but that is one hell of a track record.

    If I put any weight into reading ridiculous articles like this I would be broke.
    Apr 16 06:42 PM | 17 Likes Like |Link to Comment
  • Treasury's Astonishing Statement on U.S. Default [View article]
    The more the years pass, the more cynical I get. The plight of Illinois is just a symptom of something much larger - the default of the USA. I find it remarkable that Illinois has been allowed to get this far without default. If this had been a regular company, bankruptcy, and distribution of all its assets would have happened long ago. The fact that all its citizens, including their "leaders," have sat back and watched this unfold is indicative of what's ahead for the nation.

    Bondholders of any variety are chumps if the bonds they purchase are not tied to real assets. Federal gov't bonds are no different - the only thing backing them is a printing press and promises in depreciating dollars. If China was so smart, they'd recognize this and demand more collateral. If the gov't was really serious about its debt, it would begin auctioning off its assets, including property in the Smithsonian.

    In sum, what's wrong with this picture? Everything. It's the biggest ponzi scheme you can imagine.
    Jan 23 09:04 AM | 16 Likes Like |Link to Comment
  • How Obamacare Will Boost Your Portfolio [View article]
    Best article I've read all year. In my view, the Affordable Care Act will be President Obama's greatest achievement. The rollout was a disaster but the mechanisms now in place will finally get costs under control through competition.

    Getting all the Debbie Downers to agree is futile, that is, until they or a loved one gets sick.
    Jun 30 07:04 PM | 15 Likes Like |Link to Comment
  • Dividend Growth: Volatile Markets Revive An Old Investing Strategy [View article]
    Actually, for the long term investor 'buy and hold' is a proven strategy. It just got lost in between all the hype of the next big thing being touted on msnbc, the internet, the investment pages, or by their broker. With a balanced blue chip portfolio what most people lack isn't advice but patience.
    Sep 4 09:10 AM | 15 Likes Like |Link to Comment
  • Why the Fed Is Right to Be Worried [View article]
    Should this next budget pass in its current form, I don't see how we will ever pay off all this debt. What a mess. There's pork ridden stimulus packages.There's talk of national healthcare. Bailouts for car companies with no vision. Then you've got Medicare & Social Security. It's also ironic to me to see Nasa sending up rockets during all this. And Obama's energy plan doesn't even mention natural gas, our most plentiful resource with the ability to keep our dollars at home. All this with money printed out of thin air. WTF! I'm so mad, and so confused, I'm really at a loss for words.
    Mar 22 10:24 AM | 15 Likes Like |Link to Comment
  • T. Boone Pickens' Extremely Bullish Energy Bets [View article]
    I suspect natural gas is coming. ExonnMobil didn't buy XTO energy just because they had extra money lying around. That was a long-term, strategic purchase. And from what I hear XOM may have a lobbyist or two running around.
    Mar 2 08:24 AM | 12 Likes Like |Link to Comment
  • Natural Gas Could Cure What Ails America [View article]
    It is so painfully obvious. And SA writers like Mike Fitzsimmons have been ardent in their mission to educate anyone who will listen. Yet it seems like no one in Washington gets it.
    Aug 21 09:30 AM | 12 Likes Like |Link to Comment
  • The Other Imminent China Bubble [View article]
    There have been many positive articles talking about how "successful" the Chinese stimulus package has been. Accordingly, I've been watching the FXI defy gravity for some time now. Yet as you correctly point out their two biggest customers have shrinking economies. I have pointed this and many other inconsistencies out in previous comments - but I get lots of 'thumbs down'. Many investors can't help themselves and just love to follow the hype. But I'm going to watch China the sidelines. I think Brazil, and countries/companies that supply China offer a much better alternative.
    Jul 26 10:12 AM | 12 Likes Like |Link to Comment
  • The Seven Sins of GLD [View article]
    This time I agree with the author. He's not the only one who has warned of the dangers of this fund. It would be better to spread your gold investments in a variety of securities and physical holdings.
    Aug 29 09:44 AM | 10 Likes Like |Link to Comment
  • U.S. Government Paying Homeowners to 'Walk Away' [View article]
    "Banksters" I like it!
    May 18 09:31 AM | 10 Likes Like |Link to Comment
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