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realitybiter

realitybiter
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  • Advanced Micro Devices, Inc. EPS in-line, beats on revenue [View news story]
    a management disaster.

    How you can be one of the best chip companies in 1983 and be one of the most mediocre 30 years later is mind boggling. Horrible management. Think Argentina. The IC business is hard enough. It is impossible when you have mediocre management.
    And yet, hope springs eternal. The cubs are going all the way!
    Jan 21 05:04 PM | Likes Like |Link to Comment
  • Gold Is Going Higher Whether Or Not The Fed Tapers [View article]
    Obviously, it is not either obama or reagan....they both work for the fed and the banks. My point was simply to stop the nonsense that Obama is a friend of the middle class. That logic is a joke.
    Sep 2 03:40 PM | 1 Like Like |Link to Comment
  • Gold Is Going Higher Whether Or Not The Fed Tapers [View article]
    Obama chose Summers as his chief economic advisor on November 24, 2008. This was his choice. On the day before and the day after the HUI index rose 34%. Clearly the market knew then that there would be no banker left behind. And that is what you got.

    You can not be a banker supporting stooge and be pro-middle class. Bankers are middle class parasites, sucking them dry....by design. Think not? Who benefits from debt and who dies from it?

    It is no coincidence that the "W" mortgage fiasco turned into a wreck.....and "O" created the mortgage fiasco avoidance by simply helping the banks (by their crap paper), get rid of the howeowner, and now the banks and their hedge fund partners are buying up these homes for cash (soon to be papered) and renting them back (higher rents of course) to the new ex-homeowner, now renter.....

    Yeah he loves the middle class. For the banks, by the banks.
    But what else would you expect? The Fed is not owned by the citizens, nor is it controlled by Congress. It is a private bank, owned by its member banks. Of course they are going to help themselves first.
    WTFU.
    Aug 31 01:54 PM | 1 Like Like |Link to Comment
  • Gold Is Going Higher Whether Or Not The Fed Tapers [View article]
    Good Lord. If you believe he has tried to help the middle class you are simply unwilling to open your eyes. The middle class has been gutted for at least 20 years and O hit the accelerator. 50 million on SNAP, 15 million disability, the worst workforce participation in nearly 30 years, and healthcare premiums are about to go through the roof for your beloved middle class.
    Obama also said that we should not go to war without congress. He said that the mere fact that we have to discuss raising the debt ceiling is a statement of Presidential failure.
    He says one thing and does the opposite. Affordable healthcare Act will not be healthcare, not be affordable, but will be an "act". WTFU.
    At some point naivete is simply willful stupidity.
    Aug 31 01:46 PM | 4 Likes Like |Link to Comment
  • Gold Is Going Higher Whether Or Not The Fed Tapers [View article]
    I think David Morgan explained this pretty well. There are limits on how many contracts can be purchased on long. There are no limits on how many contracts can be short. None. Obviously, you can leverage the trade short much more easily than long. Unless you can't read, see, or hear, I have no idea how anyone can state that markets are free and not manipulated. They are. It has been legally tried and convicted. Every day. Of course, manipulation happens both long and short. But the futures market, which currently sets the market price, is infinitely easier to manipulate prices down, not up.

    Coincidentally, this is quite convenient for a welfare state that must pay benefits based upon CPI. Prices are low, voila, payouts are low....no cola for you!
    Aug 31 01:32 PM | 1 Like Like |Link to Comment
  • Why Inflation Never Came [View article]
    Nonsense with Greek mathematical symbols attached.

    The fed funneled money to DC and New York. The two hottest real estate markets in the US. Amazing. I can't writ an equation with this, but I'll try:
    C(o)rr/up)=t

    EVERY commodity is up in the last decade. copper 500%. oil was deemed $5 forever in 99


    Morons like this author will destroy the wealth of all that worship at the altar of the Fed. Inflation is mandate.

    BTW, my double degree in electrical engineering and computer engineering in the early 80's created a salary DOUBLE my entire cost of education the very first year. and taxes were less, giving more disposable income....Today? You'd be lucky to 70% of the cost at the cheapest school.....
    May 21 11:21 AM | 4 Likes Like |Link to Comment
  • The True All-In Cost To Mine Gold: Complete 2012 Figures [View article]
    If you could pick up your house and put it in your pocket, and exchange it freely, anywhere in the world, your argument might make sense. Real estate and gold are completely different assets and not at all comparable. At the extreme, there are plenty of houses in the world that are worth far less than their cost to build, built in locations which make no economic sense. The value of a house is a proxy for the local disposable income. Period.
    May 18 12:16 PM | 1 Like Like |Link to Comment
  • The Bernanke Agenda - It Isn't What You Think It Is [View article]
    1) There is no way out of the current dollar paradigm. This is mathematical fact based on the $100 trillion plus unfunded liability, all based in dollar FRN obligations for medicare, ssn, and govt pensions. These are all obligations which we have promised Americans, based on a debt-based currency. Every "promise" is a debt. Every future IOU is a dollar created FRN. The only way out is to reneg on the very structure of the FRN - or - welch on the agreement....(yeah right - ever hear a boomer complain about how they earned their million dollar entitlement, when they only put in 50 grand? - not going to happen)

    2) So create a new FRN. That is how Weimar Germany paid their pensioners 90 years ago....ditto for Argentina a decade ago. It MUST happen. There is no way out. It is impossible to grow out of.

    3) I think that folks need to move the chess pieces in advance of this. How much of our GDP is based on BS FRN "fat". What will pharma sales be when medicare no longer functions the way it is today or when government can no longer support their regulation created monopoly? Or the education cartel? Military Industrial complex? Many industries are in this boat. Or what if bankers really need to bank w/ real risk? I suspect this is a 30% reduction in GDP or so. It is big. At least 15%. Like the author said, if someone wrote an article like this in 2006 the "forest would echo with laughter."
    May 16 02:19 PM | Likes Like |Link to Comment
  • The Bernanke Agenda - It Isn't What You Think It Is [View article]
    Amen

    Sick? With what? Terminal cancer and 4 months to live?
    Booked and can't move the calendar around? Give me a break. If it were THAT important I would think that the planners of this event could move JH around.

    No, speculation on what, not why, is critical. Who announces they will miss something 6 months in advance? Very strange.
    May 16 02:02 PM | 1 Like Like |Link to Comment
  • The Bernanke Agenda - It Isn't What You Think It Is [View article]
    Did you miss that 2003-2008 episode? Raging Bull right up until it wasn't.
    May 16 01:55 PM | 2 Likes Like |Link to Comment
  • The Feds Are Apparently Now 'Printing' Precious Metals [View article]
    Brooksley Born testified in front of Congress in 1998 to discuss the dangers of an unregulated, "dark pool" derivative market. At that time she said it was a very dangerous and large $28.73 trillion at that time.

    It is now well over a quadrillion. 500 times larger. That is how you suppress it long term. You just keep making bigger and bigger bets. Of course, there is a limit. When the exchange is called out and demands are made, it all evaporates. Like the CDS' did in the mortgage market. They wrote stupid loans, slapped a fictitious CDS on it, and all risk was "sort of" removed....until it was called. "What do you mean I have to pay out on the mortgage failure? I thought I just got to collect the premium?" said AIG.

    Paper price suppression is this seasons CDS fiasco.


    We are all going to get a painful lesson in banking reality when this happens and Thomas Jefferson's and Andrew Jackson's warnings will resonate loudly. Banks are more dangerous than standing armies. Reality will bite very hard. I just hope that when this happens that the ignorant populous realizes that it was Jamie Dimon and his ilk (lots of ilk, there) that caused this....just so they could squeeze out tens of millions for themselves....they produced two things:
    systemic destruction
    personal gain.

    clawback will be painful, me thinks....
    Mar 20 11:03 AM | 3 Likes Like |Link to Comment
  • AMD Makes A Few Smart Moves [View article]
    I'm just trying to help you not lose money. Sorry for the consideration. You have to admit, history matters. I am blown away that an entire industry flourished, going from virtually nothing to more than $250 Billion and AMD could only create what it is. A very poorly ran chip company. It is horrible. One of THE worst. This is not opinion, it is fact. Take the last five years. Intel never lost money. Neither did nVidia, nor altera, nor Linear...neither did ARM. But AMD did. Four out of five years for a total loss of $3 a share or so. Granted, most of this loss came from the ATI albatross, but that is what stupid managers do.....Its recent history sucks, its long term sucks, and they are so broke that intel outspends them on R&D 6:1...(Intel has doubled R&D spending in the last 5 years while AMD has slashed it 20%)...which really tells a great future story for AMD (sarc)
    Mar 6 05:01 PM | Likes Like |Link to Comment
  • AMD Makes A Few Smart Moves [View article]
    Please disconnect technical successes from stock price success. This site is not called "Seeking faster CPU speeds" - It is all about stock price performance.
    Now if you are arguing that AMD has had technological successes AND has failed miserably financially, well then, you are just making my point even more.
    I have been in the chip biz since the early 80's. AMD was my first employer. At that time Intel and AMD were neck and neck. CPU's were 16 bits, single digit Mhz, and hot (literally). The difference between the two companies was very little. AMD was hiring the best talent on the planet and treated them like rock stars. AMD was literally one or two quarters away from overtaking Intel in sales in 1983. Who knew what lie ahead?
    That was the best it would ever get.
    Granted, their aquisition of Supergen was genius, but alas, they squandered that too.....
    The difference between Intel and AMD was management. Intel was disciplined, thoughtful, methodical, AMD was wild west cowboy and irresponsible.
    Fiscally, that difference is literally worth 300 times performance delta.... In 1987, if one had simply taken $3k and bought Intel, while shorting AMD (nearly risk free) one would have a million dollars. Not many trades like that.
    My point is that history of AMD is that technology doesn't matter. Somehow the idiotic management will screw it up....I've got 40 years of data to back that up.
    I've often mused that Intel only keeps AMD around because it allows them to tell the DOJ that they have competition (how else could have they bought the CPU division from DEC in the 90's?). No one wants to be a monopoly....and if you are nearly a monopoly have competition which sucks....AMD......
    And Intel yields 4% div at a 10PE....
    AMD = A Money Destroyer..this is historical fact.
    Mar 6 10:46 AM | 1 Like Like |Link to Comment
  • AMD Makes A Few Smart Moves [View article]
    I thought telling people what you think was the idea of SA
    ....anyway, my point is that analyzing AMD and coming up with "turn arounds arguments" is illogical. In four decades the company has been nothing but an abysmal failure. Consider all the success stories in the chip industry. When AMD started TOTAL WW chip sales were a little over One billion in sales. Now it is over what? 250B? And during that entire episode, all AMD could do was destroy its own market cap 95%. How do you fail like that? And what idiot would put good money back into that kind of failure? The author looks young and I appreciate giving companies second chances, but giving AMD any hope is an obvious act of fiscal negligent irresponsibility.
    Why does AMD performs so poorly? Making money in semiconductors is difficult. It is one of the few industries that does not benefit from cronyism with the government. Hence, consumers enjoy very low prices and chip providers are subjected to the most challenging of capitalistic circumstances. (imagine if healthcare were like the chip biz.....)
    The smart management gravitates towards the best companies and the rest? Yup, they go to the likes of AMD....and the stock goes from the upper left to the lower right.
    Peace!
    Mar 4 11:01 AM | Likes Like |Link to Comment
  • AMD Makes A Few Smart Moves [View article]
    Pull up a lifelong chart of AMD. Back to 1980. It is a tragic story, steeped in a culture of horrible management. Could it go to $20 sure. But it may not and it will go much lower. That deal to take on NVDA w debt was moronic. Awful.
    There have been some good dead cat bounce trades. In 1983 it was THE place to work. It was in striking distance of overtaking Intel in sales.....It was given a top spot as one of the best companies to work for. They were recruiting the best and the brightest. Yet, the Sanders management could not distinguish between simple luck and smarts. Intel was smart, AMD was lucky. Been a dog ever since. They are the Yugo of chip companies. Joke. It simply is horrible management. Have they ever put in sustainable stock price appreciation? Ever? No.

    I used to think that Intel allowed them to stick around just to keep the DOJ off their back. Today, with all the other comp, this "put" is no longer there. I predict AMD does not survive the next chip downturn and the world will not even miss them- at all.
    Mar 1 11:29 AM | 1 Like Like |Link to Comment
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