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  • The Death Of Bonds Is Greatly Exaggerated [View article]
    Great article Eric,

    would love to get your take on the action in the Preferred market (PFF etc.). Looks like a major technical breakdown is beginning to occur there. Would think this is an early signal to exit risk positions.
    Jun 13, 2013. 08:28 AM | 1 Like Like |Link to Comment
  • Detroit Electric unveiled its new electric vehicle sports car last night to mark the first car from the brand since 1939. According to the specs, the SP:01 will top out at speeds of 155 mph and claims a driving range of 180 miles. The company's broad plan is to sell its first thousand vehicles fast enough to raise capital to move toward producing a second sports car and a more economical sedan. [View news story]
    "I will build a car for the great multitude. It will be large enough for the family, but small enough for the individual to run and care for. It will be constructed of the best materials, by the best men to be hired, after the simplest designs that modern engineering can devise. But it will be so low in price that no man making a good salary will be unable to own one – and enjoy with his family the blessing of hours of pleasure in God's great open spaces." Henry Ford on the Model T

    When that electric car comes out let me know...otherwise these are just toys
    Apr 4, 2013. 09:42 AM | Likes Like |Link to Comment
  • Intermodal Rail Volume Hits 2010 High [View article]
    Would be interesting to chart truck traffic numbers. I speculate that the cost of oil at between $75 to $85 a barrel is weighing on other, less efficient modes ie. trucking. Also the Baltic Dry has rebounded nicely over the past few weeks and looks to be stabilizing in a range.
    Buffet's move into rail is looking more and more like a brilliant play.
    Aug 20, 2010. 08:27 AM | 1 Like Like |Link to Comment
  • Has the ECB Succeeded? [View article]
    Greece...just a hint but you may want to opt out of the Euro.
    Aug 13, 2010. 09:04 AM | 1 Like Like |Link to Comment
  • Monday Market Movement [View article]
    I don't get it say this
    "I pointed out to Members that the death of America does not correlate to the death of American corporations, who stand to make hundreds of Billions of additional dollars from decreasing labor costs in the US."

    yet everyone should be happy and buy stocks? I think most believe the 'jig is up' and rational investors are leaving the market in droves. Why invest in corporate thugs who are destroying the foundation?

    "ICI Reports Ninth Sequential Equity Fund Outflow In A Row
    ICI reports that topping off the underperforming H1 market action was yet another equity market outflow, this one to the tune of ($227) million. This represented the ninth sequential domestic equity mutual fund outflow in a row, and accounts for fund flows of over ($30) billion YTD."

    I guess if Goldman et al can keep borrowing more Fed money and propping up the 'markets' everything will look dandy but i don't think anyone is buying anymore...
    Jul 19, 2010. 01:16 PM | 5 Likes Like |Link to Comment
  • Sense of Unease Is Growing [View article]
    Bill Gross selling stocks on Bloomberg...that is a bit ironic. If you go to his latest 'investment outlook' he paints a pretty ugly picture albeit a fair one.

    <i>"Global financial market returns stand at the threshold of mediocrity. With bonds priced not for recession but near depression, most major global bond indices now yield less than 3%, surely a forerunner of returns to come. Stocks, long the volatile vamp of investor optimism, have not yet adjusted to the New Normal of half-size economic growth induced by deleveraging, reregulation, and deglobalization and have low single digit prospects as well."</i>
    Jul 19, 2010. 08:55 AM | 4 Likes Like |Link to Comment
  • Doug Short uses a stunning series of charts to show that the current secular bear market is worse than the 1929 crash.  [View news story]
    that is gonna leave a mark...
    Jul 14, 2010. 10:21 AM | Likes Like |Link to Comment
  • Paul Krugman vs. Niall Ferguson: You Decide [View article]
    Jul 6, 2010. 01:05 PM | 1 Like Like |Link to Comment
  • Greece is preparing to sell, or put up for long-term lease, around 6,000 of its islands to help repay its debts, reports the Guardian. The areas for sale include part of Mykonos, one of Greece's top tourist destinations, and the island of Rhodes.  [View news story]
    Let's see here:
    Impose austerity on the poor and sell highest quality assets....
    Opt out of Euro and devalue your currency....

    I'll take austerity and losing my best assets thank you very much!
    Jun 25, 2010. 07:47 AM | 1 Like Like |Link to Comment
  • TOO SMALL TO MATTER [View instapost]
    amen brother...
    Jun 23, 2010. 07:24 PM | 2 Likes Like |Link to Comment
  • More from the rapidly moving negotiations on finance reform: The House is dropping its $150B up-front fund to unwind megafailures, going along instead with the Senate's plan to use taxpayer funds and recoup from institutions after the fact.  [View news story]
    The sociopaths win...go figure. Is there any doubt that our gov't no longer functions for the good of the many?
    Jun 23, 2010. 01:36 PM | 3 Likes Like |Link to Comment
  • Paul Kedrosky derides the lower tax rates venture capitalists pay as nothing more than "a cool loophole that they have happily exploited." It's time to end the debate, he says: "Taxing carried interest as ordinary income is right, equitable and overdue. People who argue otherwise are selling something - and it's pretty obvious what that is."  [View news story]
    A no brainer here
    Jun 18, 2010. 04:44 PM | Likes Like |Link to Comment
  • Coming Soon: Lehman the Sequel? [View article]
    ""I attribute much of this psychological deterioration to moral hazard. When participants feel cheated (by bailouts and handouts) the game looks rigged. When the game looks rigged participants are less likely to play. The equity markets look more and more like a system by the banks for the banks. A true capitalist market would not have played out over the last 18 months as it has. But the endless government bailouts and “no one loses” capitalism is having a disastrous and unquantifiable psychological impact on the market. In the end, the system is weakened in my opinion – much like a species that never allows natural selection to take its natural course. So, the “stronger” economy might be here for now, but the fragility of market psychology has only worsened the long-term market outlook.""
    The game is rigged and everyone knows it. Now the markets are going to call their bluff. This does not end well...
    May 27, 2010. 08:37 AM | 9 Likes Like |Link to Comment
  • BP (BP) says it's now capturing 5,000 bpd, but oil continues to surge from the Gulf leak, forcing BP and government officials to admit they markedly underestimated the size of the spill. The White House says it's 'imperative' for BP to share the results of its internal investigations.  [View news story]
    That our government is cowering before a corporate power while the Gulf becomes a toxic wasteland is beyond comprehension.
    May 21, 2010. 08:19 AM | 3 Likes Like |Link to Comment
  • BP (BP) is moving equipment in place for an attempt as early as May 23 to plug the leaking Gulf well with a tactic known as "top kill" and is drilling two relief wells. The company says it has improved its ability to divert oil from the well via a pipeline to a drillship, enabling it to capture about 3,000 barrels of oil a day.  [View news story]
    "3000 barrels a day"
    It is not working.

    Or it it is working then the amount gushing into the Gulf is much larger.
    May 20, 2010. 09:50 AM | Likes Like |Link to Comment