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ChiefEngineer

ChiefEngineer
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  • Tim Cook's Improbable Victory In Washington [View article]
    I think it is real simple. Just lower the tax rates to becompetitive with the rest of the world, then you get more money. Just like taxing individuals.
    May 22 10:55 AM | 2 Likes Like |Link to Comment
  • More Buffett/CNBC: "Bonds (AGG, BND, TLT) are priced artificially," he says, and investors in long-term paper stand to lose a terrific amount of money. It echos weekend comments where he told Omaha concert-goers, "I feel sorry for people that have clung to fixed-dollar investments." [View news story]
    Cry me those crocodile tears, Warren. It is precisely this type of market that you have helped to voluntarily create, and shape to fit your investment needs. You opposed the Keystone Pipeline because that would lessen the traffic on your railroads carrying oil in tankers. Your stake in Bank of America soared after you went to Obama and made some sort of quid pro quo.

    I equate you with George Soros.
    May 6 09:23 AM | 3 Likes Like |Link to Comment
  • "It's almost biblical," says Apollo Global (APO) CEO Leon Black. "There is a time to reap and there's a time to sow ... We are harvesting." The P-E kingpin says Apollo has unloaded about $13B in assets over the past 15 months. "The financing market is as good as we have ever seen it. It's back to 2007 levels. There is no institutional memory ... We're selling everything that's not nailed down." [View news story]
    You know that song on Cops TV program?: "Bad boy, bad boy, what's you gonna do, what's you gonna do when the interest rate goes through (the roof)?"

    The cost of money to the banks goes up, housing market collapses, and money leaves the market. You see, the way to keep inflation down is to depress the economy to dampen demand and wages, through the statist, socialist, Marxist policies of the Democratic Progressive Socialist Party. Using stimulus and bond buying is a cheap, elitist substitute for real nutrition. It favors the wealthy and makes the markets one big casino. The aristocracy of Louis IV could not have designed a self serving system better.

    And who supports this the most: America's uncle, Warren Buffet and the rest of the Marxist Billionaires with all the right connections.
    May 5 06:24 PM | 1 Like Like |Link to Comment
  • After completing talks with Texas' government, Samsung (SSNLF.PK) will proceed with a $3.9B investment to refurbish an existing production line at its chip plant in Austin and on increasing the output of system chips at the facility. (previous[View news story]
    Your second comment nullifies your first, in case you didn't notice. You need to look at ethnic, economic, educational backgrounds of students and do comparisons with other states.
    Dec 21 02:00 PM | Likes Like |Link to Comment
  • Einhorn And Buffett Are Right: General Motors Is A Great Buy [View article]
    This article needs to state that its thesis rests on the following to be valid:

    1. The White Ho House and at least part of Congo-less is controlled by Progressive Socialist Marxist Democrats


    2. The state of Ill-noise remains a non right to work state, effectively giving control of GM, Generally Mediocre, to Progressive Socialist Marxist Democrats UAW.

    Didya read about the pending Longshoreman's strike. If the above holds, then your Argentina/Venezuela in waiting grubmint will always print more dollars to ensure the Potemkin Village of GM is on life support.
    Dec 21 01:53 PM | 1 Like Like |Link to Comment
  • After completing talks with Texas' government, Samsung (SSNLF.PK) will proceed with a $3.9B investment to refurbish an existing production line at its chip plant in Austin and on increasing the output of system chips at the facility. (previous[View news story]
    Did you, high tax, large incompetent over reaching Socialist Progressive union robber barren states, get that?
    Dec 20 04:08 AM | 1 Like Like |Link to Comment
  • More on Consumer Confidence: The 73.7 read is the highest since Feb. 2008's 76.4. This month's gain was the result of an increase the Expectations Index to 85.1 from 84, while the Present Situation Index held about steady at 56.6. Those saying jobs are "plentiful" rose to 11.2% from 10.4%. "Hard to get" held steady at 38.8%. (full report[View news story]
    More gummit freebies on the way.....
    Nov 27 02:28 PM | Likes Like |Link to Comment
  • It's not just equities, the cult of bonds is also dying, declares Pimco's Bill Gross. “The age of credit expansion which led to double-digit portfolio returns is over,” Gross says. “The age of inflation is upon us, which typically provides a headwind, not a tailwind, to securities price – both stocks and bonds.” We have to adapt to a “new normal,” which means no more “super-size" market returns. [View news story]
    The dollar today is worth 2 cents compared to the value of 1900. I remember in the 60s when gasoline was 28 cents a gallon and a Volkswagen beetle was 1900 dollars.

    If you tell me the returns in an equity market are such and such more or less, than you have to be talking in constant dollars. The dollar is worth 1/3 of what it was in 1970. To say that the S&P is the same numerical figure as 12 years ago is not correct. The value of the dollar will continually decline. The relevant question is, do the price of equities rise to offset this on a one to one ratio.

    And then, what about periodic equity declines over various time periods?
    Sep 5 11:54 PM | 3 Likes Like |Link to Comment
  • It's not just equities, the cult of bonds is also dying, declares Pimco's Bill Gross. “The age of credit expansion which led to double-digit portfolio returns is over,” Gross says. “The age of inflation is upon us, which typically provides a headwind, not a tailwind, to securities price – both stocks and bonds.” We have to adapt to a “new normal,” which means no more “super-size" market returns. [View news story]
    "I've never liked gold, never own it and have shown conclusively that over extended periods it woefully underperforms equities (by a factor of over four since 1900). It's a fear buy, not an investment."

    I think you should see this before you repeat the above statement:

    http://bit.ly/Q9Yau1

    Cheers....
    Sep 5 10:23 PM | Likes Like |Link to Comment
  • Stocks bounce back from early losses of nearly 1%, the S&P 500 now +0.1%, the Nasdaq +0.5%. The small caps put in an especially impressive move, the Russell 2000 moving 2% off the lows, now +1.4%[View news story]
    The big guys see that support of the S&P at 1400, and just mindlessly buy just to make sure and not hit support a t 1390. That's all. It's rigged. Hedge funds are almost all behind for the year, and they are desperate to pump up the patient with steroids, stimulants, sugar, and bottled oxygen. Ride the wave and then get off quickly, like a surfer.
    Sep 4 04:00 PM | Likes Like |Link to Comment
  • A History Of Profit In Petroleo Brasileiro Petrobras [View article]
    This analysis does not take in the reality of a state owned company that is an extension of a left wing Marxist government that sees Petrobras as a piggy bank/atm to plunder for political vote buying and redistribution.

    There is no predictability, only a company that is the effect of political ends. Stay away.
    Sep 3 11:19 PM | Likes Like |Link to Comment
  • ECB Meeting: What To Expect And How To Position [View article]
    I have been called that and much worse. I in fact was a member of an American maritime officers union for over 30 years, AFL-CIO. I have never backed down or handicapped my point of view or beliefs among union brothers and sisters. And I have never lost an argument with a union member-or anyone else-who portends to be a "Liberal", "Progressive", Democrat, etc., etc. The reason for that is that facts, history, Reality, pragmatism, and outcomes are all on my side as a conservative, both economically and socially. The typical discussion with a Leftist results in an increasing sense of being cornered, out maneuvered, and refuted and rebutted. In almost all cases, the Left Wing Nut shuts down, reverts to ad hominem attacks, or a shrill series of non-sequitors. Keynes is a lower order primate, Hayek and Von Mises are higher orders of the species.
    Sep 3 10:32 PM | 1 Like Like |Link to Comment
  • ECB Meeting: What To Expect And How To Position [View article]
    I agree. The zoom out picture is that the Western Socialist Democracy model of redistribution of wealth, large government controlling a large percentage of the economy, heavy handed regulation, promoting equal outcomes instead of equal opportunity, a so called safety net that replaces the traditional function of the family to take care of its elders, is an unsustainable and unworkable concept of ideas. It comes down to increasing power migrating to an elite governing class that usurps power from the individual. Big government makes small people. Birds that can get fed easily from a feeder in the backyard lose their prowess and skills at hunting and providing.

    Europe is finished. Socialism, hedonism, and individualism in the pursuit of personal pleasure uber alles meant low birthrate, less patriotism, and a lack of group and national cohesion and goals.
    Now the population is aging, the birthrate is negative, inferior populations are imported from primitive cultures to replace the missing not created native population.

    In the face of cultural and economic annihilation, the Left has supplied a steady stream of fantasy, delusion, and utopian ideals that are similar to the Stockholm Syndrome.

    The big mistake of prosperous Western societies was the presumption that we were so rich, we could afford to be stupid.
    Sep 2 08:23 PM | 1 Like Like |Link to Comment
  • ECB Meeting: What To Expect And How To Position [View article]
    The over riding question to me is whether the Euro can survive ultimately, or whether this is forestalling the inevitable. The whole idea and concept of a single currency for such disparate countries was absurd and irrational from the start. It was a political move of bureaucrats who wanted to be an even more elite vanguard and supra government over the individual nations.

    The PIGS, without individual currencies that are variable on world markets, will not be able to stay in the current framework. If Greece had its own currency, its exchange rate would reflect its outlook.

    For the N. Euro countries, there is strong voter sentiment against any more payouts or assumption of more national debt to finance the other Euro countries.

    When someone says, "Merkel will probably capitulate", this assumes she has the power to unilaterally go against the German voters, which will mean lower wages, longer working life, and a fear of Weimar inflation, which every German studied in school.
    Merkel's party has already lost local elections and been weakened this year. And she doesn't want to be voted out, and go down in history and be remembered as one who sacrificed Germany for wastrel corrupt Med. countries.
    Sep 2 07:38 AM | 5 Likes Like |Link to Comment
  • Worst Earnings Since 2009, Yet Markets At One-Year Highs [View article]
    Rome in its twilight had the same thing. You are obviously a young person.
    Aug 27 11:53 AM | Likes Like |Link to Comment
COMMENTS STATS
141 Comments
297 Likes