Bob K.

39 Comments

    • Looming Financial Catastrophe: A Real Inconvenient Truth [view article]
      I do not understand your faith in people like Warren Buffett and Bill Gates. They have no intention of having their wealth be returned to the government upon their deaths. In fact the majority is spent overseas through their trusts. But they have no problem taxing away my ability to build wealth for my family. Just remeber, whenever a rich person opens their mouths it is to inccrease their wealth, not yours. Aug 24 11:43 AM
    • Is the US Dollar Doomed? [view article]
      The site is called fullofhotair.com. The air technology is from a company called MDI. THe problem is they cannot make it light enough to hold enough compressed air to travel any meaningful distance. Its a physic thing. But plug in hybrids that is a game changer and so is a company called Konarka, plastic based solar panels. 1/10th the current production cost. They are already in limited production with the Defense Department as their largest customer. May 25 04:41 PM
    • Is the US Dollar Doomed? [view article]
      The site is called fullofhotair.com. The air technology is from a company called MDI. THe problem is they cannot make it light enough to hold enough compressed air to travel any meaningful distance. Its a physic thing. But plug in hybrids that is a game changer and so is a company called Konarka, plastic based solar panels. 1/10th the current production cost. They are already in limited production with the Defense Department as their largest customer. May 25 04:40 PM
    • Foreclosures: Coming Soon to a Neighborhood Near You [view article]
      I encourage User 139993 to go to MR. Shedlock's web site. He has been writing on this subject for years. I had to laugh because in 2005 he was viewed as a crank and a gloom and doomer for predicting something so outlandish as a housing bubble. Regarding this post, he simply making the point that this is going to take much longer than the concensus and to orient your investing on this premise. Jan 15 12:14 AM
    • The Government's Subprime 'Bailout' Plan Will Kill the Housing Market [view article]
      JCrash, most of these loans are non recourse loans, which means exactly as you described. You can simply walk away from the debt. The lender only has a claim on the asset, in this case the house. The point the author is making is that if the prime brokers must correctly value their assets on their balance sheets, it significantly impairs their ability to lend, and in some cases their ability to survive. Go ahead and look at the level 3 disclosures and you will see they have more assets they cannot value "read" sell than the capital in their business. That is the reason for all of these bailouts. They could not care less about these home owners. Dec 08 12:07 PM
    • The Government's Subprime 'Bailout' Plan Will Kill the Housing Market [view article]
      I am sorry to say but the author is correct, these "saved borrowers" are far better off defaulting and renting through their negative credit period of seven years than being stuck in a negative amortized loan. Meaning the price of their homes continue to fall as their payments remain with little upside of an equity build. Do the math. The prime brokers set up an ingenious trap. Dec 08 11:59 AM
    • Did I Just See a Dead Cat Bounce? [view article]
      It stopped bouncing today Nov 30 10:22 PM
    • Bill Gross: Expect Fed Funds To Hit 3.5% [view article]
      Maybe so, but the Central Banks will sacrafice inflation fighting to delever this credit bubble, by allowing the banks to steepen the curve and to allow the NGO's of housing Fannie, Freddie and such to refinance these home loans. Purchasing power be dammed Nov 04 12:29 PM
    • New Home Sales and Inventory [view article]
      Spain's housing market makes our housing market tame. And the people who bought in Spain are primarily the British and their debt load makes our debt tame. Europe is an accident waiting to happen. Oct 27 10:47 AM
    • NFP WTF? [view article]
      If the NFP was a stock chart, I would be shorting the heck out of it. People are living in dreamland if they think all is well or getting better. Oct 07 10:31 AM
    • Continuation of Negative Annual Returns in Housing [view article]
      There is no if to the recession, it is coming. Sep 25 11:00 PM
    • Tune Out The Hype Machine [view article]
      We are in uncharted waters in so many ways. Debt to GDP, House price to GDP, House price to income, debt service to income, cap rates on rental property, massive retirement of the baby boomers, etc.. As a long time investor and M & A guy there is little value out there, but plenty of risk. I quite frankly do not see the catalyst for growth. This look alot like Japan in the early nineties to me. Aging population, refusal to mark down worthless assets, they stopped spending (we will be forced to stop spending), I will be happy to miss some upside to avoid a greater risk of substantial downside

      Sep 14 12:59 PM
    • Is There Too Much Debt? [view article]
      I agree with your thesis. THE PE folks will begin the domino effect as other companies must reduce costs to maintain price parity. In the industry I work in, a large player is being taken private and the only way to service the debt is to reduce costs by an additonal 15%. Or they will try to slash prices for their service to capture the marginal new sale, causing a price war, as we will match their price. Either way it is going to cost people their jobs or shareholders their wealth. Wanna bet who wins? Sep 04 04:09 PM
    • Predicting Recessions: Identifying Reliable Sources [view article]
      What is fascinating to me is how fast long term predictive models have broken down with those who have the most vested interest in their accuracy, the quants. And in all due respect to ECRI, who are probably the best econometrics firm, the models are on new ground. Money flows are moving at breathtaking speed and as we have just seen, and can seize up at a moments notice. How one can be so certain that there is no recession looming is not thinking through their risk/reward approach to investing. Oh by the way, you can lose alot of money in a growth recession, as well, think 2000. Sep 01 01:18 PM
    • Miracle: Bush To Part The Bankrupt Sea [view article]
      Malkiel, you don't really want the government to intervene do you? Your suggestion is what exactly? BTW, All of the Washington banter is designed to stymie the shorts and buy time until they determine if we walk away from the credit implosion edge. Aug 31 06:30 PM
Loading...
Symbols:
Authors:
Quick Links:
Contribute an Article Become a Seeking Alpha Contributor

Transcripts

More Transcripts»