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Eighthman

Eighthman
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  • Obama Outperforms Reagan On Jobs, Growth And Investing [View article]
    Why the stupid comparasion between Bush and Obama? The Ruling Elite give us inept figureheads as Presidents from both parties. Next up is a woman who has never accomplished anything of note in any position she's held.

    Funny how the US public doesn't buy into Obama's performance - as if they aren't experiencing a recovery at all.....
    Sep 12 04:23 PM | 4 Likes Like |Link to Comment
  • Ukraine Crisis: A Decision That May Have Sealed The Fate Of The EU [View article]
    Thank you for this level headed analysis. The Russians aren't villians and the Ukrainian leaders aren't heroes. They are both deeply corrupt and the US should realize 'we don't have a dog in this fight' just like Syria.

    The Slate had an interesting analysis in which Crimea ends up as a burden and money pit for Russia. They need money, electricity, water and resources from the Ukraine and Russia will end up paying the bills.
    Mar 3 04:35 PM | 3 Likes Like |Link to Comment
  • China Vs. USA: And The Winner Is... [View article]
    Because the US has a compliant mass media ( as with ABC trimming Barbara Walters comments favoring Snowden) , we ignore the depth and subtle nature of US corruption.

    Such as: wasting trillions on unnecessary wars, refusing to prosecute TBTF Bankers, putting a higher % of citizens in prison and lying to the public as a matter of habit. And then there's the NSA....

    US colleges? Go to Cornell and take note that they are educating the youth of Asia while the US ranks LAST in math.

    Chinese leaders often have degrees ( such as in engineering) and many years of experience in practical governance while our Congress (6% approval) and Presidency are a national embarrassment.
    Dec 6 05:15 PM | 7 Likes Like |Link to Comment
  • China And Japan Don't Want Our Bonds [View article]
    Thinking in this direction tends to move towards an official big change in the nature of the Fed - again, as an arm of the Treasury creating money without debt. Just printing it (electronically).

    The conspiracy types will hardly know what to say.
    Sep 9 09:39 AM | Likes Like |Link to Comment
  • China And Japan Don't Want Our Bonds [View article]
    Is it possible that we will see a de facto return of "US Notes" as in the Kennedy Administration? (please don't shoot me).

    My point is that, if no one wants our debt, then the Fed simply "buys" it indefinitely and becomes (like it or not) an arm of the Treasury, with money issued debt free.
    Sep 5 07:05 PM | 4 Likes Like |Link to Comment
  • Chevron (CVX) strikes a deal with Argentine oil/gas producer YPF to develop shale oil/gas assets in Argentina's Vaca Muerta formation. The companies will invest $1.24B in the project's first phase, which will include drilling 100 wells. Chevron says the deal gives it a chance to grow production beyond its 2017 target of 3.3M barrels/day. [View news story]
    How does a publically traded company do something so breathtaking stupid and not be tarred and feathered by shareholders? Argentina is ruled by a kleptocracy. If you find anything of great value, it will be taken away.

    Or is this yet another example of corporate directors having huge salaries that insulate them from actually caring?
    Jul 16 07:11 PM | 2 Likes Like |Link to Comment
  • Japan Isn't Bankrupt [View article]
    Has there ever been a more explicit example of a set, determined, fated future than Japan?

    Stop making babies. Die off as a nation. Goodbye.
    Apr 5 08:10 PM | 1 Like Like |Link to Comment
  • Does The USD Deserve Its Recent Surge Of Popularity? [View article]
    What is so difficult to understand about US markets and the US dollar? It's all about relativity: Europe is falling apart, Japan has a bleak future with no babies and money printing without end - and China isn't transparent.

    There are billions, perhaps trillions of dollars/euros/yen desperately searching for safe yield. As the global situation has gotten worse, the urgency has become greater. Money is becoming a sort of refugee, terrified by tyrants, thugs and politicians whose credibility declines by the week ("Your deposits are safe").

    The US economy is a prostitute with herpes. All the other hookers have AIDS. Take some precautions and maybe you'll be fine
    Mar 28 06:51 PM | 2 Likes Like |Link to Comment
  • The bailout rejected, what's next for Cyprus? Open Europe suggests the EU will allow a few days for Cypriot MPs to get their minds right before the ECB thinks about cutting off funding for the country's banks (which would lead to their collapse). Or not. Reuters' Anatole Kaletsky notes the ECB needs two-thirds of its board to cut off ELA funding, and the Germans don't have the votes. "Time to get bullish ... German U-turn ahead!" [View news story]
    I fully agree with the dominant opinion here. Germany and the ECB will capitulate and Cyprus will get what it wants.

    There are other factors at work here involving the Russian Mafia. Even Gartman warns that people could get killed if they don't cooperate.
    This situation will create a degree of moral hazard unseen in all human economic history as Italy, Spain, Ireland and all can do as they wish because of Euro-Cowardice.

    With their banks capitalized 1 to 26, They Have No Choice but to print Euros with wild abandon. As Jim Cramer said, "we all know this will not end well". Indeed.
    Mar 19 08:47 PM | 1 Like Like |Link to Comment
  • Crisis on. S&P 500 futures -1% and the euro -1.2% as Brussels "faced with a drowning member state, instead of throwing the Cypriot people a lifebuoy, (throws) a millstone around its neck." EU leaders risk triggering bank runs in Cyprus (and elsewhere?) by going after bank depositors to fund the country's bank bailout. [View news story]
    It was reported that Cypriot leaders explicitly denied that any deposit haircut would be allowed - shortly before they agreed to this.

    Why do Europeans even bother with voting? They have no say in their future, it's decided in Brussels or Germany.
    Mar 17 07:48 PM | Likes Like |Link to Comment
  • China has unveiled plans to break up its powerful Railways Ministry as part of a major overhaul of government designed to cut corruption and bureaucracy. The transport department will take administrative control of the country's railways, while the the commercial operations will be spun off into a new company. "The new leadership is sending a clear message that they are...serious about building a cleaner and more efficient government," says university professor Chen Yao. [View news story]
    nobody ever talks about this but a huge number of China's leaders have had engineering degrees. We're seeing what would happen if engineers ran a society instead of politicians.

    So far, not so bad..
    Mar 10 08:29 AM | 5 Likes Like |Link to Comment
  • "If capitalism is America’s biggest problem, why save it?" asks MarketWatch's Paul Farrell. "Wall Street, Corporate America, Big Oil and the entire economy been transformed into a bizarre circus Adam Smith would never recognize. Capitalism is now an out-of-control Frankenstein monster that changed everything." Not that Farrell provides any alternatives. [View news story]
    Every statement has a context. What does it tell you, that such a remark can be made publically, by such a person and published on a site such as SeekingAlpha?

    It tells you that we are headed over a cliff - martial law, civil war and a shutdown of the markets. If you believe that I'm wrong, I suggest you go to ANY store in your area that sells guns or ammo and observe what ordinary Americans are preparing for. Why are our leaders triggering a gun buying panic? Why doesn't some statesman say, 'This is crazy. The people are afraid' ?

    Because they have run out of ideas. There is nothing left but try to grab guns and pass ever more laws to restrict rights.
    Feb 24 08:11 AM | 7 Likes Like |Link to Comment
  • A judge lets stand the FHFA's lawsuit against JPMorgan (JPM) accusing the bank of misleading Fannie and Freddie into buying as much as $33B of poorly underwritten mortgages. [View news story]
    They bail 'em out and then fine 'em?

    Tom Waits was right: 'the large print giveth and the small print taketh away'
    Nov 5 08:26 PM | 1 Like Like |Link to Comment
  • American Express (AXP) and Wal-Mart (WMT) launch Bluebird - "an alternative to debit and checking accounts." The service appears designed to allow customers the sorts of things they're used to, but no longer getting for free from basic checking. The most immediate casualty is Green Dot, which now must face cheaper competition from its largest customer (Wal-Mart). GDOT -14% premarket. (PR[View news story]
    Amidst all this talk of how wonderful and valuable to the economy the TBTF banks are, the apologists never mention allowing Walmart to create its own bank.

    Why is that, I wonder?
    Oct 8 04:38 PM | Likes Like |Link to Comment
  • The Troika is set to blink and approve the next €31B tranche of Greece's bailout despite the country being behind on its budget and reform targets, two German magazines have reported. Greece needs the cash to avoid bankruptcy and exiting the eurozone, a scenario that the bloc fears would lead to a domino effect. The troika was due to arrive in Athens today for more talks. [View news story]
    So, there are no standards in this, right? No hard goals to be met by Greece ? They fail and fail and fail but get the cash anyway.
    Sep 30 09:30 AM | 4 Likes Like |Link to Comment
COMMENTS STATS
213 Comments
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