Seeking Alpha


Send Message
View as an RSS Feed
View Yorick's Comments BY TICKER:
Latest  |  Highest rated
  • MBA Mortgage Applications [View news story]
    Start raising rates and mortgage rate heads towards 5%, see how that affects the GDP numbers Yellen.
    Jul 15, 2015. 02:00 PM | 1 Like Like |Link to Comment
  • Secret IMF report: New Greek deal won't work [View news story]
    And that won't work either unless they somehow are able to find a greater fool to sell those bonds too. Only way to "fix" this for the banks is to extend the schedule over another 30 years and make the payments so small the bailout money can cover it. However the interest payments would be so small the bondholders would have to restate income which would cause problems although probably less problems than writing off 75% of the value of the bond. Would be FASCINATING to know how the Greek bonds are stated on financial reports of the holders - full payment expected? I'll bet so.
    Jul 14, 2015. 12:07 PM | 4 Likes Like |Link to Comment
  • Another Tumultuous Week To Nowhere In The Casino [View article]
    I agree with you David as usual. These issues are fast being removed from the hands of politicians and put in the lap of the math majors as rhetoric and spin start to fail. The real shame of this is that no one will use the time afforded by this farce accordingly and when the bang moment comes it will be 50% more painful for all involved. Increasingly, I see the ECB only able to deal with perhaps Greece, Portugal, Monaco etc but the Fed having to step in and "fix" the rest of the world. Certainly China and Japan will be in a worse place years down the road. We are all looking at bail-ins no matter where you live in the next 50 years. This eventuality needs to be recognized by our children the 20 somethings so that they can survive what is likely to be 1929 on steroids.
    Jul 13, 2015. 01:48 PM | 4 Likes Like |Link to Comment
  • It Is Not Priced-In, Stupid! [View article]
    OR, everyone will calm down, EU will extend banking guarantees for another month (what's a few more billion between debtors) and markets will rally on the lack of rioting. Count on it.
    Jul 7, 2015. 02:54 PM | Likes Like |Link to Comment
  • Shock expressed as Greece has no new plan [View news story]
    And all of this is irrelevant to the situation that Greece business as currently constructed is simply not competitive within the EU and euro framework. Punishing the people so the game continues is not a strategy. They must exit, create a parallel currency and get on with life outside the EU. The longer they wait the more the leadership risks nightly riots until the military has to take over.
    Jul 7, 2015. 12:31 PM | 3 Likes Like |Link to Comment
  • Banro Is Making Good Progress, But Will It Be Sufficient? [View article]
    You might also want to talk about the high quality management in place. John Clarke has a history of success and has move small companies like Banro to $10 stocks ripe for buyout. Given their industry low cost per oz in the $500 range, this company is likely on China and other major's radar screens.
    Jun 23, 2015. 08:45 AM | 5 Likes Like |Link to Comment
  • Draghi gets approval for bond-buying plan [View news story]
    Yes exactly, expect more gold repatriation from TX to CA to Germany to India as everyone walks away from government controlled fiat. The complete destruction of paper money is at hand. No way for Western countries to put the genie back in the bottle and "pay off debts" so the printing presses have no where to go but faster.
    Jun 16, 2015. 04:02 PM | Likes Like |Link to Comment
  • Walter Energy -30% on Friday report of imminent bankruptcy [View news story]
    Ye who defaults first, defaults best and returns to the market a shiny new penny.
    Jun 8, 2015. 01:16 PM | 1 Like Like |Link to Comment
  • JPMorgan: Government bond rout worst in 30 years [View news story]
    That's all that seems necessary to move the markets now..."talk".
    Jun 8, 2015. 01:07 PM | Likes Like |Link to Comment
  • The Best Option For Greece Is The Catastrophic Option [View article]
    Complete bandaid analogy is appropriate here...either pull it quickly and deal with the pain or deal with a rolling Depression until you are then forced for whatever reason to pull the bandaid later. A decade of Depression seems unnecessary at best.
    Jun 8, 2015. 11:22 AM | Likes Like |Link to Comment
  • McDonald's global comp -0.3% vs. -0.9% expected [View news story]
    US comp missed by a mile; -1.7% estimate. European's simply can't afford their past healthy eating and are starting down the sedate, obese American path...see ya at Disneyworld!
    Jun 8, 2015. 09:26 AM | 1 Like Like |Link to Comment
  • Weak Bounce Wednesday: Here We Go Again [View article]
    these are the debts they are incurring at record-low borrowing costs - what happens when they can no longer roll over their debt at these low rates?

    I'll tell you what happens, the Central bank buys 100% of all issuance until the cows come home.
    May 27, 2015. 02:23 PM | Likes Like |Link to Comment
  • San Francisco Fed: Q1 GDP growth substantially stronger than estimated [View news story]
    Stronger than ESTIMATED...we are making revisions to numbers that have seasonal adjustments and aren't even cooked yet...really can't make this stuff up.
    May 18, 2015. 03:12 PM | 2 Likes Like |Link to Comment
  • Questions arise on Avon Products offer [View news story]
    Hacking has a new up tons of stock and have some SEC form routed through 45 servers so that the origination is unclear. Sounds like a good short when it reopens.
    May 14, 2015. 12:38 PM | 1 Like Like |Link to Comment
  • Is DryShips Worth An Investment? [View article]
    Hard to call it an investment at this point but a gamble, yes. Surprised the new government in Greece hasn't started nationalizing businesses to raise cash but looks like management may have this chartered in Marshall Islands, smart.
    May 13, 2015. 08:16 AM | Likes Like |Link to Comment