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kmi

kmi
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  • FOMC voters getting itchy trigger fingers [View news story]
    If it wasn't clear I'm a fan of Fed's current actions as well as Bernanke's guidance. You cite a half dozen reasons why the Fed should hike there are also a half dozen why it shouldn't. I have no idea why a 'token' increase of 25bps should be on the table just so it can be taken back off. I continue to expect no hike till '16 at best and have positioned accordingly...
    Feb 11, 2015. 06:22 PM | Likes Like |Link to Comment
  • U.S. rig count down 87 units in 10th straight week of losses [View news story]
    vikulin: your comment pretty much expanded on what I was saying. Not sure if that was your intent or if you thought my position was different.
    Feb 11, 2015. 04:18 PM | Likes Like |Link to Comment
  • FOMC voters getting itchy trigger fingers [View news story]
    That's a fair reply Tao but are you suggesting we are replicating exactly the Great Depression in both the economy's performance as well as Fed actions? I understand 25bp isn't 100bp, I also understand this isn't 1931 and that the Fed ignored the commodity bubble inflating over the last decade and is also ignoring the commodity bubble deflating over the last year.
    Feb 11, 2015. 04:13 PM | Likes Like |Link to Comment
  • U.S. rig count down 87 units in 10th straight week of losses [View news story]
    I'll jump in here and point out that US shale has effectively displaced Nigerian sweet and Venezuelan imports. Both countries under severe oil price pressure, both countries desperate to take up any slack left by US shale. I get that investors looking to go long oil are looking very closely at US shale because they've decided that the US is indeed the marginal barrel, but that may no longer be the case with US producers profitable under $50 andoil country governments in dire straits to keep their budgets balanced.

    So I'll suggest trading the commodity on technicals and the producers on fundamentals right now, because playing fundamentals on crude right now is just a bad idea.
    Feb 11, 2015. 08:19 AM | Likes Like |Link to Comment
  • FOMC voters getting itchy trigger fingers [View news story]
    The problem with Tao Jaxx's comment is that the Fed is looking at the Great Depression for clues on how to proceed, and what he is suggesting is considered one of the biggest mistakes the Fed made in that era. The current Fed likely doesn't want to go down in history as the one who replicated the errors of the past and will err on the side of safety.
    Feb 11, 2015. 08:14 AM | Likes Like |Link to Comment
  • Crude futures dip below $50 [View news story]
    There is a report called the "Commitments of Traders" that typically tabulates this.

    Finviz posts it on its futures charts:
    http://bit.ly/MOhsOl

    It takes some time to get comfortable with it and understand it.
    Feb 11, 2015. 08:12 AM | 5 Likes Like |Link to Comment
  • Eyes on Greece as leaders meet in Brussels [View news story]
    Debutant, perhaps you should read the language of the news current you are commenting on. Greece does indeed have "concrete plans" to pay it back.

    It is also perhaps worth remembering here that during Greece's original so-called 'bailout', no debt haircut was provided. In fact the face value of the debt was increased along with the lengths of bonds.

    Further, Greece isn't asking for more money, as in a larger debt package, it is merely looking to change the structuring on the debt in order to create a functioning economy, not one crippled by unrealistic demands. When you take a breath and think about that, it doesn't seem unreasonable.
    Feb 11, 2015. 08:05 AM | 2 Likes Like |Link to Comment
  • Key talent loss for Viacom as Stewart to depart 'Daily Show' [View news story]
    Dems and comedians, Repubs and actors?
    Feb 11, 2015. 07:13 AM | Likes Like |Link to Comment
  • Eyes on Greece as leaders meet in Brussels [View news story]
    I maintain my conviction that Germany needs Greece and will not allow it to leave the EU; will continue enforcing programs which are untenable and universally regarded as bad policy while blaming the results of said programs on their recipients, bluffing, and threatening sanctions, but in the end, cave out of necessity, just like it has every time before.

    That's the Germany I know of.
    Feb 11, 2015. 07:04 AM | 3 Likes Like |Link to Comment
  • Greek defense minister outlines Plan B [View news story]
    "This ports are little out of hand to reach Europe.
    And roads and railway are also not especially good."

    The roads were built to conform to European standards post Gr-entry. You haven't been there in a long time, or perhaps not at all. The rail is indeed horrible however.
    Feb 11, 2015. 06:52 AM | 1 Like Like |Link to Comment
  • Is crude oil's bounce over? [View news story]
    Don't play the market, just write me a check directly.
    Feb 10, 2015. 03:50 PM | 7 Likes Like |Link to Comment
  • Greek defense minister outlines Plan B [View news story]
    The 'privatization' of the Greek public phone monopoly has been a tremendous loser for Vodaphone. Voda continues to compete with vestiges of the monopoly, Cosmote. The reason it's been a loser for Voda? The regulatory regime. Employee benefits and rights are onerous to private business. The key to solving Greece's problems is neither dismantling the public sector nor forced privatizations, but a ground up reform of the regulatory regime which makes the business environment unfavorable in Greece vis a vis pretty much every single one of its neighbors.

    Understand that no one wants to invest in Greece because they can't make money there. Extensive public sector employment, a broken tax collection and enforcement policy, and publicly owned company inefficiencies are a by product of a failed regulatory regime and not the origin of the crisis. Tsipras is the first guy to actually share that perspective and in a position to do something about it.
    Feb 10, 2015. 08:21 AM | 2 Likes Like |Link to Comment
  • Greek defense minister outlines Plan B [View news story]
    Well said losbronces. The two things that created this coalition are important to remember: they both agree that there absolutely must be a change in the financial programs in place right now on the hand, and on the other, neither of these parties is controlled by vested interests.
    Feb 10, 2015. 07:57 AM | 1 Like Like |Link to Comment
  • Greek defense minister outlines Plan B [View news story]
    I won't respond to any more comments that are pure trolls. But the difference between me and the trolls is that I have owned assets in Greece that pre-date the Gr-entry. Which means I've been watching Greece for over 15 years. Most of the trolls here have watched Greece for a handful of years, and only superficially at that.
    Feb 10, 2015. 07:53 AM | 1 Like Like |Link to Comment
  • Futures edge higher; 10-year yield all the way back to 2% [View news story]
    The volatility in the 10 year lately is astounding. Makes me wonder if it is becoming a more popular trading vehicle in the futures.
    Feb 10, 2015. 07:24 AM | Likes Like |Link to Comment
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