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  • Exide Technologies: Post-Earnings, A Great Buying Opportunity [View article]
    All the money in the world couldn't make lithium the best economic alternative... but that would stop GM / Ally from trying.
    Aug 11 01:04 PM | 1 Like Like |Link to Comment
  • A Response to Netflix Short Sellers [View article]
    The market can remain irrational longer than you can remain solvent.

    I am a short seller.. and it is tough.. and NFLX is still a bad short. Perhaps when it hits $400, although a better indicator, like you pointed out... is when most shorts give up. People that are already short are no longer sellers.
    Jan 27 12:53 PM | Likes Like |Link to Comment
  • When will the FIAT Fairies call it Quits? [View instapost]
    I actually hope for hyper inflation. It might be better than hyper deflation. Now that the banks have printed themselves enough paper money to buy the world.. why would I want them to suddenly change tactics and reduce the amount of currency like they did in the great depression? The way I see it is, the more they devalue the money, the worse it is for them in the long run. I think they know that.

    There are a couple ways to get to a gold standard and I am curious what you think is the best method.

    The biggest success of the federal reserve was causing the great depression. It wiped out all wealth except for themselves.
    Aug 30 05:41 PM | 1 Like Like |Link to Comment
  • Battery Cost Forecasts and The Origin of Specious (With Humble Apologies to Darwin) [View article]
    The governments spending for jobs is worse than paying the new employees a million dollars a piece to stay home. If the new employees had a million dollars a piece, there is a chance they would gamble it on the stock market and I could have some of it.
    Jul 25 02:43 PM | Likes Like |Link to Comment
  • Good for Goldman [View article]
    Anyone want to start a bank? I would like to lend out money that does not exist. And then when I am at my limit of lending money that doesn't exist, borrow money at 0%, and lend 10 times the value of what ever I borrow. Consider this my business plan. Any investors?

    Our whole economy is a Ponzi scheme and coming to an end soon.
    Jan 30 01:32 AM | Likes Like |Link to Comment
  • Ben Bernanke, Person of the Year [View article]
    Why cant you see the mechanism that would cause an increase in the money supply to funnel itself only into education, or housing, or energy? Debt IS the mechanism for creating money out of thin air. Kids don't even shop around anymore. They just sign the dotted line and assume their future will pay for it. Easy money drives prices up. Same for housing. Banks were searching for anyone who would sign a note. It does spill over to the rest of the economy, and that's why the bubbles hurt so much when they pop. The blame is equally due to both congress and Ben Bernanke. Its the system that is corrupt. They should not have the ability to borrow, print or tax the way they do. Oh, and inflation is "increase of money supply". I bet your economics book says what to do in a economic crisis, but not what causes it.

    On Dec 16 04:55 PM Thomas J. Gordon wrote:

    > Michael Clark, My economics text book defined inflation as an overall
    > rise in the general price level. Sure specific areas may go up in
    > price as you point out. But I just don't understand the exact mechanism
    > that would cause an increase in the money supply to funnel itself
    > only into education, or housing, or energy but not the rest of the
    > areas of the economy.
    > I also want to say that if if Greenspan and Bernanke sold the future
    > to have full employment and low inflation while they sat in the chair,
    > that is obviously a bad thing. Yes, we have had a financial panic.
    > Yes, we have high unemployment. Congress is spending a lot of
    > money they don't have, the Chinese apparently save money like crazy,
    > the dollar hugely increased it's status as a reserve currency from
    > 1990 to 2007, humans are prey to creating asset bubbles. Can you
    > blame all of the financial panic of Q4 20008 and the high unemployment
    > on Bernanke and Greenspan? I think the jury is out on that.
    Dec 17 08:35 AM | 1 Like Like |Link to Comment
  • Reappointing Bernanke Is a Mistake [View article]
    It is the system that is corrupt, not necessarily the guy put in charge of running it. The system allows the excess, and without someone to notice that the price of housing is exceeding the inflation rate, how is the system supposed to maintain stability? Truth is they don't care. Its a monopoly. They take risks at our peril. Can we get rid of the privately owned international central bankers again? I say yes. It is impossible to the intentions of Ben and Bush when they told us to keep spending although we were entering an expensive war. Was it a conspiracy? or are they that stupid.

    On Aug 26 08:35 AM CautiousInvestor wrote:

    > Bernanke picked up where Greenspan left off, providing a seamless
    > policy transition at the Fed. Prior to becoming chairman, Bernanke
    > provided the intellectual cover for Greenspan by developing academic
    > theses to justify Greenspan's policies. Steven Roach nicely summarizes
    > these philosophical tenets:
    > 1) Like Greenspan, Bernanke was deeply wedded to the philosophical
    > conviction that central banks should be agnostic when it comes to
    > responding to asset bubbles.
    > 2) Bernanke was the intellectual champion of the “global saving glut”
    > defense that exonerated the US from its bubble-prone tendencies;
    > Much to the annoyance of our Asian financiers, BB blamed their savers
    > for our rate conundrum.
    > 3) Philosophically, Bernanke is cut from the same libertarian cloth
    > that led the Greenspan Fed into this mess. He is “Steeped in the
    > Greenspan credo that markets know better than regulators.” Even worse,
    > Bernanke was part of the “prevailing Fed mindset that abrogated its
    > regulatory authority in the era of excess.”
    Aug 26 06:52 PM | Likes Like |Link to Comment
  • Crocs: Patience Is a Virtue [View article]
    I made bank off of CROX. I bought only because of constant negative articles. It sounded like someone was paying them to trash the stock. There was a fairly high short interest (11%) and I thought even IF the company was doomed to fail, the president would still come out and say they would be profitable in the future. Shorts get squeezed, I make money, I wait the the next catalyst. Could be hype to push the stock up, or could be a technical level that indicates the stock breaking down. Im out for now, just watching it.
    Aug 14 12:53 AM | Likes Like |Link to Comment