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Retired and loving it

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  • Is a Ukraine default next? [View news story]
    That could well be his strategy. Joining the EU is off the table so Putin can now sit back and wait.
    Jul 20, 2015. 10:37 AM | Likes Like |Link to Comment
  • Is a Ukraine default next? [View news story]
    Russia has had only one brief period of democracy in the last 500 years. Mostly it has been run either by a monarchy, a communist party or a dictator. What would Kruschev say about Putin? Would he liken him to Stalin?
    Jul 19, 2015. 06:06 PM | Likes Like |Link to Comment
  • Is a Ukraine default next? [View news story]
    Putin will not bail them out. Russia can't afford to buy borscht let alone bail anyone out. The Ukraine will indeed need a major bailout. Just one of many in a never ending string of them for this region which still is really not a country but just a collection of people who speak Ukrainian. The Ukraine has been invaded and occupied so many times in the last 2000 years that it is likely never to have fixed borders.
    Jul 19, 2015. 10:32 AM | 8 Likes Like |Link to Comment
  • The Problem With Leverage In A Portfolio [View article]
    If leverage is so wonderful how come house so many homeowners went bust in 2008? If these homeowners had not used so much debt they would not have been forced to sell at a time when there were no buyers.
    Jul 19, 2015. 10:29 AM | 1 Like Like |Link to Comment
  • The Problem With Leverage In A Portfolio [View article]
    Quite so. Leverage usually works until it doesn't and then you lose all of the money you made and then some.
    Jul 19, 2015. 10:26 AM | 6 Likes Like |Link to Comment
  • Icahn: BlackRock a 'very dangerous company' [View news story]
    Icahn is a windbag promoting his own agenda. However his point about currency hedging ETF's might have some merit. In my 40 years of experience the only perfect hedge I ever saw was my neighbour's beautifully trimmed cedar hedge.

    It has been proven many times. Hedging works until it doesn't.
    Jul 16, 2015. 09:34 AM | Likes Like |Link to Comment
  • Greek crisis talks head into day two [View news story]
    Hard to say whether it will play out this way. But it is becoming more clear that Greece needs to stop using the Euro. They need relief soon and devaluation is the quickest way to get relief.
    Jul 12, 2015. 10:48 AM | 2 Likes Like |Link to Comment
  • Greek crisis talks head into day two [View news story]
    The devaluation will likely be in the order of 75%.
    Jul 12, 2015. 10:44 AM | Likes Like |Link to Comment
  • Greek crisis talks head into day two [View news story]
    China indeed would like a port in the Mediterranean. They will show up at the last minute with a bucket full of cash. The terms will be complete control of a port in Greece.
    Jul 12, 2015. 10:39 AM | 1 Like Like |Link to Comment
  • Hyperinflationary Lessons For Greece [View article]
    Quite so. Greece was never a candidate for being in the Euro. It was a bridge too far for them to make the necessary changes. It is not the fault of the Greeks. The country is essentially an open air museum and should probably be administered as such. Greece's fiscal budget should be managed by Brussels.
    Jul 11, 2015. 11:55 AM | 1 Like Like |Link to Comment
  • Hyperinflationary Lessons For Greece [View article]
    The comments above are sound. Greece cannot cope with being in the Euro. They have structural issues that are best dealt with outside the Euro. Few people pay taxes in Greece and fewer still want to. This forces the government to perpetually run deficits unless it basically shuts down. That is not a viable option so they need to leave and carry on with their pattern of spend, borrow, go broke...repeat.
    Jul 11, 2015. 11:48 AM | 1 Like Like |Link to Comment
  • Exelon's Dividend Disappointing, But Valuation Tempting [View article]
    You are disappointed with the dividend? Management commentary over the past two years has been pretty clear that the dividend is going nowhere for a number of years. Earnings are going nowhere until natural gas prices rise. That is not going to happen in the next two years. The dividend is going nowhere.
    Jul 10, 2015. 06:50 PM | 2 Likes Like |Link to Comment
  • A Case For Grexit [View article]
    You have made the case for the Drachma quite well. The people of Greece want relief. Returning to the Drachma is the only option that will deliver relief in the near term. It is also in Greece's best long term interests.
    Jul 9, 2015. 10:23 AM | Likes Like |Link to Comment
  • Greek Tragedy [View article]
    If they have gas or oil maybe they can turn themselves into Norway. Pssst...I've got some swamp land that has lots of potential....
    Jul 8, 2015. 07:39 PM | 2 Likes Like |Link to Comment
  • Microsoft cutting up to 7,800 jobs, taking $7.6B charge on Nokia deal [View news story]
    In the tech world acquisitions almost never work. I don't know why anyone bothers.
    Jul 8, 2015. 10:17 AM | 6 Likes Like |Link to Comment
COMMENTS STATS
425 Comments
753 Likes