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Ava Et

Ava Et
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  • Acrid Smell of Inflation Starting to Spread Through Global Equity Markets [View article]
    The beauty of predicting inflation 24/7 is that in the next 10 years someone is going to be right. Then they can than talk up how right they were for the 10 years after that.
    Jan 21, 2011. 01:17 PM | Likes Like |Link to Comment
  • More advice from Pimco's Bill Gross: Invest in Canadian, Mexican, Brazilian bonds - anything but dollar-based debt: "It’s a critical strategy going forward to get out of the dollar and into some currency that holds its value."  [View news story]
    Here is a man who is letting his emotions cloud his judgement. There are good reasons not to hold US Government debt, but to advise jumping into the frothy world of Mexico and Brazil is not an obvious choice. Don't trust any one who uses words like "critical" - they don't have your interests in mind.
    Dec 31, 2010. 01:47 PM | 4 Likes Like |Link to Comment
  • Alan Greenspan Was DY-NO-MITE! [View article]
    The responsibility for this current mess could be pressed to a few individuals, but that won't happen. As the Dynamite Prize voting shows the problem is a delusional ideology that is cherished and won't go away. Down with Ayn Rand, Long live Ayn Rand.
    Feb 24, 2010. 05:33 PM | 1 Like Like |Link to Comment
  • Secret Deals Involving No One; AIG Cover-Up Conspiracy Unravels [View article]
    Our system has given the Fed, particularly the NY Fed, the license to act in secret. Whether right or wrong, this was done deliberately to allow freedom of action beyond what would be other wise possible. The evaluation now needs to focus on whether the actions worked, all this hand wringing about secrecy is phony. The object of the Fed was to save the financial system and it seems that they accomplished this - maybe they didn't get the best possible deal for the taxpayer - but that wasn't the primary focus. Where would our heroic taxpayer be with a collapsed financial system?
    This is all a sideshow anyway, by a Congress that has made some
    of the most foolish decisions imaginable - in broad daylight no less.10 years ago just as the government was paying off the deficit a massive tax break was handed out - it was clear that this would bankrupt the government, in fact it was so clear it had to be automatically terminated after 10 years. This is far more bizarre than anything Geithner has done. Subsequently wars were started with no provisions to pay for them. Both parties merrily waltzed to the notion that regulation was strangulation and that finance was self regulating. If you compare what the Fed did in secrecy with what this Congress has done out in the open, who has served the country better?
    Jan 30, 2010. 07:15 AM | 3 Likes Like |Link to Comment
  • As Goes Housing, So Goes the Economy [View article]
    There is still a disconnect between housing prices and what a new generation needing homes can afford. Manipulation of this market some well intentioned, and some self dealing, has left the "market" on the side lines. Unless housing prices and designs adjust, and buyers desires and expectations adjust (to what they can afford,) construction will continue to be swamp. Mr. market still calls the shots not any political ideology.
    Jan 24, 2010. 09:23 AM | 4 Likes Like |Link to Comment
  • Five top AIG (AIG) executives are reportedly ready to quit over worries about the government clipping their pay packages. The uprising was apparently initiated by AIG general counsel, Anastasia Kelly; she's joined by the heads of one of AIG's international life-insurance businesses, its financial-services division, its international property-casualty insurance businesses, and its U.S. property-casualty business.  [View news story]
    Why is the government involved in pay decisions? Let the owners of corporations make these decisions. Simply make it a national rule that shareholders, not boards, must approve all upper level pay.
    Dec 7, 2009. 07:36 AM | 2 Likes Like |Link to Comment
  • Catching Argentinian Disease [View article]
    I believe you are underestimating this nation. While history is dramatized by the push and pull of interests, common sense, fairness, rewarding merit over privilege, innovation, adaptability, willingness to take on risk, these are the less dramatic pillars of our story. Barney Frank embodies many of these values, and so do many of those who demonize him. These men and women will move us forward. This nation holds its leaders accountable like no other, and Americans hold their leaders responsible because the individuals of this nation take responsibility of their own lives, and their communities like no other nation. From the most liberal communities to the most conservative, individuals, activist citizen groups, churches, political clubs, etc. take responsibility for making our nation a better place. The diversity of our backgrounds, as Americans, often leaves us feeling insecure, but actually the fact that we are are allied in values rather than custom and tradition makes us more able to confront adversity. While freedom is often touted by as something akin to license, most Americans recognize freedom as a call to responsibility. Our great fortune is that we have the freedom to choose how we wish to be responsible, and citizens from Maine to California are taking this freedom on. America did not emerge out of the great depression as a complacent people who were happy with a unifying dictator. We are not going to collapse like Argentina where interests groups could not work toward the common good. Our demise is greatly over estimated.
    Nov 1, 2009. 04:24 PM | 3 Likes Like |Link to Comment
  • Counter to Eric Rosengren's contention that disinflation is the bigger worry, the ECRI's monthly gauge of inflation pressure rose to an 11-month high in September, to 90.6 from 89.6, suggesting U.S. inflation is "on the cusp of a cyclical upswing."  [View news story]
    The question is whether this is part of a "cycle" or a part of a mix of current problems. The recession has put extreme pressure on prices also, the fall in the doller has raised the cost of foreign products. Upward pressure is understandable. Yet, there is a huge amount of excess capacity around the world, inflation is unlikely to go very far.
    The US today is in a very different spot than the 70's of Jimmy Carter. Back then numerous factors put a pall on our national psyche, a hang-over from Viet-Nam, a sudden quadruppling of energy costs and a drastic manufaturing exodus to the 3rd world. Since them the nation has rememerged with the innovative and creative energy that is fundamental to our history and unparalled around the world.
    Right now there is an innovative passion in this country accross the board, (and including government) which will power this country forward. We do have one foot stuck in the mud with our current finacial mess, but this is only temporay.
    Oct 2, 2009. 11:34 AM | Likes Like |Link to Comment