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  • A Look At Boeing's Commercial Orders And Deliveries In August  [View article]
    US military spending will stop declining when
    Obama leaves office in about fifteen months
    and will turn up under the next POTUS,
    Democrat or Republican.

    Europe has been struggling for decades - many
    decades - to produce a military transport.

    SecDef Ashton Carter will be kept on for continuity
    as was Bob Gates at the start of Obama.

    All of which is very bullish for Boeing, to add to
    its very strong and growing commercial sector.
    Sep 27, 2015. 07:05 AM | Likes Like |Link to Comment
  • Boeing: The Order Battle In August  [View article]
    You don't mention the military side. Does not
    Boeing have a big lead in that sector? Europe
    has also been struggling for decades - many
    decades - to produce a military transport.

    Obama has been cutting US military spending.
    But the last time I looked the world is getting
    more not less warlike.

    So whoever follows Obama starting at noon on
    January 20, 2017, Democrat or Republican, will
    revert to more defense spending in the classic
    American model since World War 2. And will
    probably keep SecDef Ashton Carter in place
    to ensure continuity as Obama did with Bob
    Gates at the start of his term.

    All of which is very bullish for Boeing, in addition to
    its very strong and growing stronger commercial
    Sep 27, 2015. 06:51 AM | 1 Like Like |Link to Comment
  • Apple: Enjoying The Good Time While It Lasts  [View article]
    Reminds me of what used to be said about Argentina.....

    "The country of the future, and always will be"
    Jul 21, 2015. 11:03 AM | 2 Likes Like |Link to Comment
  • Linn Energy - Buy When There's Blood In The Streets  [View article]
    Buy when there is blood on the streets?

    You "borrowed" that without credit
    from the Rothschilds two centuries ago
    Jul 21, 2015. 10:31 AM | 1 Like Like |Link to Comment
  • Greece Vs. Puerto Rico And What's 'Systemic'  [View article]
    John, grumpy or not, you're right on the essentials. Greece and Puerto Rico are
    quite different disasters. But.......

    "Fiscal union. The US is not necessarily going to bail out Puerto Rico. Or Illinois. Or their creditors. People keep saying a currency union needs fiscal union, but it is not so."

    I'm not sure you're right on this particular point, although maybe my point is slightly different.

    No currency union has ever survived unless it has been based on a solid real
    pre-existing political union. Which America was. But Europe was not, which
    is why today's vote is a further step in the decline of Europe. The euro was
    Europe's proudest creation. But now the euro is clearly a mistake for 18 of
    the 19 eurozone countries. It is a financial strait-jacket for Greece and the
    other 17, Germany being the only beneficiary.

    60% of the kids now being born in Greece are in poverty. Only 20% in

    See also the review in today's NY Times of 'The Full Catastrophe - Travels
    Among the New Greek Ruins' by ex-WSJ James Angelos. Even if it's only
    half-true there is no way of saving Greece in the foreseeable future. And
    so is there any way of saving Europe?
    Jul 5, 2015. 01:11 PM | Likes Like |Link to Comment
  • Chinese Stocks Are Cheap, Hong Kong Stocks Are Even Cheaper  [View article]
    If you believe Chinese stocks are cheap, contact me.

    I have a bridge to sell you.
    May 22, 2015. 08:15 AM | 2 Likes Like |Link to Comment
  • Greece's Real Problem  [View article]
    This is all completely irrelevant.

    All these academic theories won't
    make the slightest difference.

    Greece is a corrupt society from top to
    bottom. Private and public sectors alike.

    Greece got into Europe by fudging the
    figures. But fudging the figures won't
    solve the problem.

    The only solution is to put Greece under
    World Bank tutelage for the longer-term
    to remake the whole of society.
    Mar 12, 2015. 08:20 AM | 7 Likes Like |Link to Comment
  • What It Really Costs To Mine Gold: The Yamana Q4 Edition  [View article]
    Interesting and well done.

    Except for one omission, and it
    is a big and important one.

    Why did you not include Randgold
    (ticker GOLD) ? Probably the lowest-
    cost producer of all, the best.
    Mar 2, 2015. 08:15 AM | 1 Like Like |Link to Comment
  • Chevron: Trapped Between A Rock And A Hard Place  [View article]
    It is a demonstration of the strength and importance
    of CVX that its withdrawal from shale throughout
    eastern Europe is having a major geopolitical impact.

    The countries of eastern Europe had hoped that the
    positive results of the CVX shale explorations in their
    own country will end their dependence on Russian

    CVX will be back in eastern Europe if and when oil
    prices rise enough to again make this profitable
    for CVX. This is not going to happen for some time,
    at least.
    Feb 25, 2015. 05:26 AM | 2 Likes Like |Link to Comment
  • Argentina In The Post-Kirchner Era: There Is Hope  [View article]
    "With all that is wrong in Argentina, the stock market (^MERV) and the Global X FTSE Argentina ETF (NYSEARCA:ARGT) are up. I don't get it."


    Much the same is true in the USA. Washington is in a growing mess and there is
    no hope that this will change as long as Obama is in office, for as The Economist
    says there is "a growing body of evidence that Obama is quite an odd man."

    But the stock market just won't stop going up.

    Government at the state level is a different story, it is working pretty well.
    Could the same be true in Argentina?

    Feb 18, 2015. 08:24 AM | Likes Like |Link to Comment
  • The Swiss Franc Shock Increases Uncertainty And Reduces Confidence In Switzerland  [View article]
    The swissie "looks unattractive"?

    Trade the swissie "from the short side"?

    Seems a bit premature to come to these bearish
    conclusions. Seems a good bit premature to
    write off Switzerland's safe haven status.

    Will the Ukraine question and the Islamic State
    still be around a year from now? Yes. Five years
    from now? Probably.

    Switzerland is surrounded by Euroland and by
    EU countries. With the exception of Germany they
    all look pretty weak and the EU structure pretty

    Switzerland takes longer to change from bullish
    to bearish.

    If it is changing, not sure
    Feb 8, 2015. 10:02 AM | 1 Like Like |Link to Comment
  • Drachma In Europe, Again  [View article]
    What's a EURO?

    Love the DRACHMA. Have
    a large supply in my bathroom.
    Jan 8, 2015. 08:44 AM | 1 Like Like |Link to Comment
  • Comparing North America's 3 Largest Oil And Gas Drilling And Exploration Companies  [View article]
    What happened to SLB?
    Jan 6, 2015. 09:40 AM | Likes Like |Link to Comment
  • LUKOIL's 9% Dividend Yield Intact For 2015  [View article]
    How can Lukoil possibly guarantee a 2015
    dividend of 9% in US dollars when the price
    of oil and the price of the rouble are completely

    For that matter the price of the US dollar too?
    Dec 28, 2014. 11:30 AM | 4 Likes Like |Link to Comment
  • Update: Air China Deal Encouraging For Boeing After Air France-KLM Deferred Delivery  [View article]
    I think you, Jean-Paul (Satre) are jumping the (BB)gun.

    Lower oil prices relieve the pressure on airlines to change
    to newer models to save money.

    They save even when they stick to older models because
    of lower fuel prices.

    Do I read you right BB?
    Dec 24, 2014. 09:14 AM | Likes Like |Link to Comment