Seeking Alpha


Send Message
View as an RSS Feed
View megaballs' Comments BY TICKER:
Latest  |  Highest rated
  • Barrick Gold: Is Pascua-Lama A Company Breaker? [View article]
    Class action lawsuits happen everytime a stock price craters
    Jul 5, 2013. 06:29 PM | Likes Like |Link to Comment
  • Technical Tuesday: The Tide Is High [View article]
    always love the comments,Mr D
    Feb 5, 2013. 11:26 AM | Likes Like |Link to Comment
  • The all-too-brief, conciliatory effort to find some middle-ground over the "fiscal cliff" issue may be disappearing in Washington already. Stalemate appears to be re-emerging over a big obstacle. Team Obama wants a gargantuan $1.6T tax hike and to eliminate a number of tax deductions over the next ten years in an effort to boost revenue and finance a bigger government. Spending cuts don't even appear on the radar at this juncture, which could well be a deal-breaker. [View news story]
    Federal Spending was ratcheted up in 2009 to 25% of GDP, where as we ve been 18-21% in the post war era. The US economy spent the next three years in economic recovery mode. The Federal Government maintained the "temporary crisis spending" mode.
    Weasel. Ryan and Romney never quite spelled out the debt, the deficit in Ross Perot fashion and here we are.
    70% have no clue on any of this. Nor do they care. Obama wants his $66 bil from $250k earner tax hikes for symbolism...trillion $ deficits every year and if we can"t grow this $15 trillion economy soon, we'll be slow growth zombified soon enough for decades.
    Things are so bad I'd say "Geronimo!" To the fiscal cliff.

    If the author's claim pans out, then Obama wants to keep spending as is and only "finance a bigger government ". I find that highly unlikely. If we are negotiating, then Obama puts his taxes up and the other side fights for spending cuts later. The author is a "bullshitter".
    Nov 22, 2012. 12:22 AM | Likes Like |Link to Comment
  • The middle class suffered its "worst decade in modern history" in the 10 years ending in 2010, falling backward in income for the first time since World War II, a new Pew Research study says. In 1970, the share of U.S. income going to the middle class was 62%, while the wealthy received 29%; by 2010, the middle class took 45% of total income, vs. 46% for upper-income Americans. [View news story]
    Maybe, and there are a host of factors that allow numbers to be manipulated....definition of "wealthy" and "middle class".... Composition of population by age...standard of living....on and on needing adjustments everywhere
    Aug 22, 2012. 10:40 PM | Likes Like |Link to Comment
  • With the latest data from the Philly Fed calling the recovery further into question, Goldman analysts are calling to short the market over the summer. The firm adds that without any kind of imminent QE, the market will be forced to trade on economic data, which appears to be deteriorating. Other traders aren't so sure, like Fast Money trader Brian Kelly. Kelly sees plenty of upside catalysts in the near term, and thinks the Fed is ready to unleash some serious firepower. Can you say - inflection point?  [View news story]
    I agree with Goldman's call at 1350 etc fwiw
    Jun 21, 2012. 09:13 PM | Likes Like |Link to Comment
  • Despite the resurgence of Keynesian economics and the popularity of Nobel Prize winner Paul Krugman, MarketWatch's Howard Gold sees some chinks in his armor. Gold makes the following counter-argument: Much of today’s unemployment is actually structural, the European crisis shows that countries’ long-term debt really does matter and Keynesian economics track record is more hyperbole than substantive reality.  [View news story]
    When I graduated college in 1990 I was sure Keynesian Economics was thoroughly disputed and a relic of the past. How odd these years have been
    Jun 15, 2012. 08:11 PM | 3 Likes Like |Link to Comment
  • "This agreement is binding only on those who signed it," says the leader of Greece's Syriza party - less than 10% of seats in Parliament, but possibly part of the next leadership coalition after April elections. "The accord carries the signature of a government with no popular legitimacy ... Very soon the sovereign people will regain their sovereignty."  [View news story]
    Shoulda cut them off and used the € for DIP and bank support. Oh well
    Feb 21, 2012. 04:58 PM | 2 Likes Like |Link to Comment
  • The eurozone's crisis has shifted focus away from the U.S.'s enormous debt load and has lifted foreign demand for Treasurys. Once global factors cede the spotlight, and eventually they will, and as the Fed starts to remove itself as a buyer, Treasurys may be poised for some pain.  [View news story]
    Where you are wrong is in the high % of Japanese debt is internally funded and the US is mostly externally funded.
    Sure, we have the reserve currency status and the great potential of legal immigration. A proper executive branch might chart a course involving making us a natural resource net exporter of significance to help with the trade deficit. Congress might restrain govt spending to 1% a year and perhaps have other pro growth initiatives, etc. It's scary how we could be ending 2012 with this third world plan of goosing the economy in an election year, then pulling back the reins after re-election. Straight out of the Mexican playbook.
    If you d have told me we d increase the US debt 41% in the first three years BEFORE the real demographics kick in....Medicare and social security, I'd have never believed it.
    Feb 21, 2012. 01:15 AM | 1 Like Like |Link to Comment
  • James Bianco is taken aback that two measures of broad-based economic activity - gasoline consumed and miles driven - are "falling hard" at a time when it's assumed the economy is getting better. Throughout history, the U.S. economy has never improved while its citizens drive less and use less gasoline. Perhaps these are false signals, he says, but they could be pointing to a faltering economy.  [View news story]
    Bianco knows his stuff and this is good info. The US economy has been start and stop for the past two years. The hotter fourth quarter is behind us and it's tough to say how Q1 and Q2 go. The jobs and economic stats have people hoping for a sustainable improvement, but these stats with a 20 year horizon throw cold water at least on any significant pick up in the economy. There has been no radical change in population centers, car efficiency, and the like that can explain the radical reduction in miles, for instance. Seen the transports lately?
    Maybe we have become a handout nation on the margin with folks Facebooking and day trading AAPL?
    Feb 15, 2012. 09:13 PM | 2 Likes Like |Link to Comment
  • Monday Mourning: Good Night Dear Leader [View article]
    I love you Phil but sometimes you are full of it.
    Happy holidays and thanks for the work
    Dec 20, 2011. 07:23 PM | Likes Like |Link to Comment
  • Online sales jumped 24.3% this Black Friday. Department stores led the way with a 59% jump in online sales. Stronger than expected demand suggests there may be a disconnect between what consumers tell pollsters and how they actually spend.  [View news story]
    Wait...only gloom and doom on SA please...the comfortable, end of world kind preferably
    Nov 26, 2011. 03:37 PM | 8 Likes Like |Link to Comment
  • The latest round of bank stress tests could actually harm the fragile banking system, and possibly push the U.S. back into a recession, says Dick Bove. The stringent conditions posed by the Fed will force banks to boost their reserves more than what's necessary, strangling bank profits and tightening credit conditions in an already struggling US economy.  [View news story]
    Forced capital raises during an investor panic doesn't make sense to me either Dick
    Nov 25, 2011. 03:10 PM | Likes Like |Link to Comment
  • Ettore Gotti Tedeschi, chair of the Vatican bank, joins the chorus of those urging the ECB to print Europe's way out of its difficulties. Gotti Tedeschi also slams "crazy" EU mark to market rules which make it harder for Italian banks to buy Italian government paper. "The problem with Italy isn't its debt level, but lack of GDP growth."  [View news story]
    Thank God!
    Nov 23, 2011. 03:12 PM | Likes Like |Link to Comment
  • The House rejects a Republican-led balanced budget amendment, falling short of the two-thirds majority needed to forward it on to the Senate. The House agreed to conduct a vote on the amendment as part of the deal Congress approved in August to raise the government’s debt limit and form the supercommittee.  [View news story]
    It s been raised repeatedly for decades as we have a bit of a budget deficit in the real world. Let's get a good election
    Nov 18, 2011. 04:56 PM | 1 Like Like |Link to Comment
  • The White House refuses to turn over documents House Republicans have subpoenaed related to bankrupt solar firm Solyndra, saying the "partisan" and "unnecessary" request would put an "unreasonable burden on the president's ability to meet his constitutional duties."  [View news story]
    It was late on a fri night...strike the record!
    Nov 5, 2011. 09:51 AM | Likes Like |Link to Comment