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Art Trader

Art Trader
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  • Four Reasons We're Headed Even Higher [View article]
    Financial armageddon was not priced in at Dow 9,034, it was looking like it at S&P 666. Panic or not, rational or not, I find no convincing reason for us not to consider the the March lows as the actual lows. And why is the start of the calender year at all relevant for where we begin this rally?
    Aug 28 09:08 AM | 17 Likes Like |Link to Comment
  • Higher gasoline prices shouldn’t be so bad, James Surowiecki seems to say: “Gas is a relatively small percentage of most household budgets, and prices are now about $0.85/gallon higher than they were 12 months ago, which translates into a few hundred dollars more a year... It’s less than the increase in income that most Americans will get this year as a result of the new payroll tax cut.”  [View news story]
    Not so bad. But gas/diesel/misc petrol prices will be bad for anyone that uses anything that comes from farms, factories, factory farms, or anywhere that is not within walking distance (ie everything) or comes on a plane, train, automobile or a boat that doesn't use sails (ie everything), or arrives shipped in plastic (almost everything). Moderately higher 12 month consumer prices for gas - yippee!
    Apr 12 05:52 PM | 14 Likes Like |Link to Comment
  • The Last World War Helped the Economy: Why Not Another One? [View article]
    Strange there was no mention of Europe's Post-War rebuilding in the midst of decimated industrial production. The result: massive demand for US materials and manufactured goods, produced in a land of new and existing factories that never faced the damage of a ground attack as seen across the pond.
    Jul 20 08:00 AM | 8 Likes Like |Link to Comment
  • Enviable Demographics And The Baby Boomer Retirement Myth [View article]
    "For example I marvel at how my brothers and sisters have managed to put all their kids through private schools on their teacher and cop salaries. That accomplishment alone dwarfs the U.S. debt issue in my world. "

    "Teacher and cop salaries" elevated to a point that allows for private school tuition for all their children is a modern, western phenomenon. It is a historical anomaly in public expenditures that should encourage us to think more deeply about the connection between those salaries and the debt issue. Not only does this accomplishment "dwarf the US debt issue in your world" but it is intimately related to the US, state and local debt issues. Eh?
    Mar 30 08:20 AM | 7 Likes Like |Link to Comment
  • Lessons Learned From the BP Disaster [View article]
    "The fact that BP needed to drill one mile below the ocean in order to access oil should tell the American people that Peak cheap oil is a fact. All the easily accessible oil on the planet has been tapped. "

    Or it could tell us that the government prohibits accessing available Oil close to the shore or in wildlife areas. I'm so glad that ANWR is safe and that we only drill where no wildlife will be hurt, like in the GoM. ALL easily accessible oil ON THE PLANET has been tapped? Not true.
    Jun 21 08:29 AM | 7 Likes Like |Link to Comment
  • Feb. Nonfarm Payrolls: +192K vs. consensus +185K, +63K prior (revised). Unemployment 8.9% vs 9.1% expected, 9% prior. Avg. hourly earnings +$0.01. to $22.87.  [View news story]
    Have you considered the possibility that your situation is merely anecdotal evidence? Was business so lucrative for the person who sold out to you? Seems the bird in hand was better than future earnings to him! Don't be so sure of yourself and the information provided by your personal experiences.
    Mar 4 09:06 AM | 6 Likes Like |Link to Comment
  • Feb. Nonfarm Payrolls: +192K vs. consensus +185K, +63K prior (revised). Unemployment 8.9% vs 9.1% expected, 9% prior. Avg. hourly earnings +$0.01. to $22.87.  [View news story]
    Expectations were 196,000 - why didn't that make the headlines? Or Goldman's 200,000 target?
    Mar 4 08:41 AM | 6 Likes Like |Link to Comment
  • To get the economy moving, some economists are calling for a "great haircut," in which banks and bondholders agree to a nationwide easing or even forgiveness of consumer debt. Household debt has fallen since 2007 from 100% of GDP to 90%  - a nice reduction, but still a heavy weight hanging over the economy.  [View news story]
    Moral hazard at its finest!
    Oct 3 03:02 PM | 5 Likes Like |Link to Comment
  • No Mr. Bond, I Expect You to Die! [View article]
    The greatest title in SA history, hands down.
    Jul 11 07:28 AM | 5 Likes Like |Link to Comment
  • The U.S. Will Never, Ever Catch China in Clean Energy - Not a Reason to Stop Investing [View article]
    "ethnic homogeneity?" Over 120 million people within the claimed borders of that nation are not Han, comprising 9.44% of the population. And surely they exist in a "harmonious" (favorite Chinese gov't buzzword) utopian society. Unless, of course, you're a minority. I would recommend learning about the Uyghur people in modern Chinese history. From the Urumqi riots in 2009 (and their cause) to the beginning of the PRC, it has been anything but "harmonious" in this "ethnically homogeneous" society.

    From Wikipedia:
    In 1949, after the Chinese Nationalists (Kuomintang) lost the civil war in China, Second East Turkestan's (Uyghur) rulers did not agree to form a confederate relation within Mao's People's Republic of China, however, a plane crash (how convenient!) killed many of the Second East Turkestan Republic's delegation. The surviving leader, Saifuddin Azizi, joined the Chinese Communist Party and professed loyalty to the PRC (of course). Soon afterward, General Wang Zhen quickly marched on East Turkestan through the deserts, suppressing anti-invasion uprisings.
    Sep 10 08:26 AM | 5 Likes Like |Link to Comment
  • Apr. ADP Jobs Report: +119K vs. +201K prior (revised from 209K) and expectations of 183K.  [View news story]
    Huge miss!
    Epic fail!
    May 2 08:18 AM | 4 Likes Like |Link to Comment
  • Economist Bernard Baumohl articulates the uncertainty created by today's payroll surprise: "It doesn't seem to flow with some of the other very favorable numbers we've seen... Seems like 99% of other indicators have all showed strength. This number is an outlier and we need to figure out why."  [View news story]
    Please articulate how one comes up with 99% of indicators showing strength vs this being 1%. Please show us the other 99 indicators. Also, shouldn't payrolls be weighted a little more than 1%?
    Dec 3 09:00 AM | 4 Likes Like |Link to Comment
  • U.S. Jobs Report Likely to Be Robust [View article]
    FAIL.
    Dec 3 08:53 AM | 4 Likes Like |Link to Comment
  • Market preview: Stock futures erase early losses after the strong jobs report; S&P benchmark +0.1%. Asian markets surged overnight, and European bourses are up slightly. The dollar is mostly higher so far, crude oil is up, and gold is down. Later today: pending home sales, consumer credit.  [View news story]
    Births/Deaths adds 61K vs 11K last month. Spectacularly convenient.
    Nov 5 09:20 AM | 4 Likes Like |Link to Comment
  • Market preview: Stock futures erase early losses after the strong jobs report; S&P benchmark +0.1%. Asian markets surged overnight, and European bourses are up slightly. The dollar is mostly higher so far, crude oil is up, and gold is down. Later today: pending home sales, consumer credit.  [View news story]
    Strong jobs? 99 weeks of unemployment will do that people! Look for more of these 'strong' jobs reports as unemployment benefits expire for more and more.
    Nov 5 09:19 AM | 4 Likes Like |Link to Comment
COMMENTS STATS
120 Comments
177 Likes