finmah

13 Comments

    • More Bad News for the Anti-Ethanol Crowd [view article]
      When talking about ethanol lets put in perspective these mother theresa arguments about the world starving -like the rice shortage. It is of course always the greedy American farmer!

      Let's see Brazil grows sugar not even corn for it's fleet think it can spare a few acres for it's own poor?

      Oh yes Norway where it just awarded the Nobel Peace Prize to the carbon computer model hypothesis originator. Can we ask them for a few corn shipments since they have no problem with

      fighting the Russians for drilling rights in the North pole,

      and has the second highest sovereign wealth fund 285 billion for 5 million people -for investments!

      I think Americans needs to put on hold the new reports of food crises and ask what the oil exporters can do for their crisis and not the oil importers.       Jul 23 07:21 AM
    • Not Just Another Bear Cycle [view article]
      There is a little hypebole about bubbles - financial institutions in many countries have been caught overlending while the economy shrinks but we are going through a global expansion and hopefully when can start to reach the point where countries decouple.

      I agree with Mr. Fuller - the choke point with all the global expansion is oil - don't believe look at all the other commodities as well.


      There is a group in Congress that has lasted for thirty years and has consistently voted for massive infrastructure expansion in the name of big houses in which the cheap money and financials are tied to, massive interstate construction, big dig project 18 billion to expand traffic through a major city, bailed out autos etc.

      The very same individuals at the same time voted against replenishing the source of fuels for these projects - Oil, natural gas terminals, nuclear, and new mining incentives. And when the finger points to this travesty of politicalization of our natural wealth they point to polar bear models right before an election. Only in America could you get such double talk and incompetance forget the dollar - we need to get around the country with going broke - the dollar will then take care of itself.       Jul 14 10:40 AM
    • Jim Chanos: A Short Seller Speaks [view article]
      It's the short's time in the sun but boy they have to wait a long time to get into these busts and then they have dodge aquisitions and institutional support. I think stocks go down over the long run more from lack of buying giving shorts leverage in punching a stock. Many stocks today pay a pretty good dividend or at a low price to cash flow - slim pickings Jun 26 09:05 AM
    • Offshore U.S. Drilling Proposals Bullish for National-Oilwell Varco [view article]
      From reading other articles your estimates are bit low - I have heard 6 years supply - but no one really knows. I know that I am getting tired of people leaving hundreds of billions on the table in every corner of this country with this country in desperate need of a reduction in imports, higher tax receipts, more real employment, and lower energy prices. It seems that one group of politicians has lied to us for over thirty years and should be sued for all the hardships and lost opportunity costs - at least vote them out. I am really tired of these same politicians instilling fears in people and other lay people who are telling everyone there isn't enough and it really won't make a difference. Apparently China doesn't feel that way by drilling right off our coast. It is time for people to decouple the issue from junk science and politics and listen to the real market.
      Oil going from 12 to 130 barrel is enough of a trend to take notice.
      Jun 19 10:39 AM
    • Preparing for the Fall, Part II [view article]
      Not so simple - the markets demise will be energy not the banks. Our lifestyle is currently at risk and this will be the shock around the world - so a stock collapse is a possibility. But don't forget - a very large part of the world is on fire and they are not going away in their rickshaws - they are going to get cars or scooters. The have massive trade surpluses even in bad times and large foreign reserves. The cat is out of the bag and I am suspecting large takeovers in many sectors - the valuations are getting rather low. Jun 10 09:14 AM
    • Options Trader: Tuesday Outlook [view article]
      The "wrong direction" poll is the biggest sham ever put on the American - it captures disaffected groups from both political parties plus it doesn't measure the popularity of certain issues. Currently the majority of Americans favor securing the borders, English as an official language, energy independance and drilling off the coastlines, reducing taxes, school vouchers etc etc - no wonder people think they are heading in the wrong direction.

      Congress makes the laws - the president is in charge of the armed forces and security of the nation.

      Congress right now is dominated by a political party that has a far lower approval rating than Bush. Bush has been a lame duck for two years. Bush has been blamed for hurricanes, global warming, risking soc sec by privatizing it, destroying public schools by testing, etc

      The new "change" party has been in power for two long years and is great at deflecting any real issues.

      Who just voted in a bloated ethanol bill with payouts to all the flyover states over the Pres veto? Who will increase taxes on top of the second highest corp tax rate in the world? Look at the Pharmas - who is socializing medicine? Who restricts drilling along the coastline while foreign nations drill it dry from Cuban waters.

      This sham poll question has been used for twenty years and it indicates very little. Congress has been in charge of redistributing taxpayers money now for two years. If you want change it will be to change Congress as well.       Jun 04 10:55 AM
    • The Economy is Spelled with a W [view article]
      There is the valuation of the stock market - which might be W shaped - a possbile scenerio. But stocks reflect expectations not what actually occurs - it is possible that with emerging markets - we just flatline on growth for most of the world - but you are leaving out a possible decline in oil - particularly if we discover some exciting new breakthrough or oil find on the energy front. May 23 10:24 AM
    • America's On Sale - and the World's Buying [view article]
      Europe is going to get crushed if they don't debase - no question.

      Why all the gold shills seems to tout the party line that highly valued currencies are critical to survival - really then why do the export countries for the last ten years attempt to debase routinely? What has Japan economy done with their beautiful currency or the Swiss - not lighting the world on fire.

      Look at each nation's growth that is high- either export manufacturing with cheap currency- Asia, India or countries that are not being hampered like we are by 30 years of antigrowth green peace movements. These countries export their natural resources - Canada, Aus,Brazil,Norway, and Russia nice currency rise against ours. The tide will change soon as indicated when the commodity run even just levels and the dollar has no where but up as mentioned.

      It would be nice if we seasoned as an electorate and allowed natural resources to be a bigger part of our economy similar to the highly touted "environmentally sensitive" elite countries listed above that are in a drilling,mining,blasti... mania.       Apr 29 09:00 AM
    • VeraSun Energy and the Ethanol Debate [view article]
      It is amazing that we are only one year into the legislation and ethanol is being attaced by green groups because of it's efficiency - maybe 25% less efficient in terms of BTU - but this article is exactly right - you are not going to get an immediate perfect replacement of our energy needs that can quickly fit into the energy infrastructure we have from 35 years of liberal anti-growth policies. Why would Americans not have the midwest section put pressure on some housing, support retail, and help recirculate the dollars - billions of dollars to prevent it from going to a CARTEL.

      The same Americans that demand our farmers are now responsible for subsiziding taco prices around the globe (where is Mexico - they have plenty of oil - let see them trade oil for tacos) then demand that all our oil drilling and refineries are located outside our borders -people need to out this group and have them explain how this NIMBY argument is going to hold up with current global demand. What green groups leave out is Americans are 25% of oil consumption (while this is high) we are not going to tell the other 75 % how much they can consume. All current energy sources have some waste component and I have yet to see the detractors fully support any viable energy development which should leave people suspicious.

      Apr 16 06:39 AM
    • The Cheap Oil Syndrome: 3 Stocks to Benefit [view article]
      Forget the distractions , we have had 30 years of warning and while the rest of the world uses four sources of energy - our soundbite hacky sack crowd from green groups have successfully blocked every initiative for new energy -

      Nuclear - block on waste disposal - rest of the world development as fast as possible
      Natural gas - pipelines blocked, LNG terminals blocked -rest of the world ASAP
      Oil drilling - 70% coast of US blocked - rest of the the Kyoto pact nations - levelling mountain tops - Canada, Norway anywhere -arctic- ASAP

      Ethanol -biofuels -No can do- US is now responsible for world supply of cheap tacos while we fight alone for free oil shipping lanes to keep taco crowd happy.
      Brazil - not criticized for using sugar cane - only us for using pig food - corn.

      Leftist propaganda have molded a very dangerous energy policy - look at what the "leftist elite" Kyoto nations do for energy policy - France all nuclear, Canada - anything anytime, Russia China India Brazil - didn't have time to sit down at the propaganda table. Oh, did I forget to mention the use of diesel overseas for driving and the congestion?

      The latest is a former presidential candidate who somehow right before another election has decided there is conclusive proof that our exhaling Co2 and our lifestyle is a problem requiring immediate government mandates - but the same philosophic group wishes to have millions illegally enter the energy nightmare and drive around with big homes.

      So now the benchmark for alternative energy (for only the US) is it can't emit Co2 while you can light the rivers on fire in many parts of the world.

      While the US consumes a disproportionate amount of energy - it is only 25% of the daily oil consumption. Looks like we will need more analysis of whether other key nations are truly following our anti-growth emotional policies. The movement begins and ends from campaign contributions and unfortunately the new Co2 policy if people are serious should eliminate oversized homes, vaction homes, vacation travel, and many recreational sports. And don't forget a tax deduction for rent instead of a mortgage deduction.

      Apr 15 09:11 AM
    • Pause For Concern On Chinese Currency ETN [view article]
      MS default is an outlying issue and how is everyone here assuming a put or short sell with massive negative sentiment already would hedge them? The slightest change in this position is a loss. The currency appreciation vs credit risk MS seem uncorrelated - they can both move against you easily.

      How about a HNP the utility with a dividend - fast growing country - mainly domestic revenue -over long term -       Mar 31 07:35 AM
    • Bearish Bloggers Too Optimistic! [view article]
      I think we are reaching bottom for certain sectors. I remember for the last few years everyone bragging how they would scoop the ocean if there was 20% pullback but at the same time not quite sure how the bargains would work since everyone else was posting the same thing. Well here it is no one wants the financials - except some SWF and insiders. Mar 15 09:10 AM
    • Comparing Clinton and Bush on Income Taxes [view article]
      But all of the comments on income taxes -the hidden joke since no tax gouger likes to tell us - is when do you enter a "wealthy bracket"?

      Hey why disclose before you are elected that you are targeted for redistribution - that takes the fun out of things.

      If some of us remember financial aid applications in college - you will realize the biggest problem is identifying a resource rich student - you can't determine wealth by income - not easy to really target the rich. So all this talk that income tax and numerous brackets target the rich is nonsense and many people know it.

      Most definitions of wealthy imply someone who has enough assets that they don't have to work and can live comfortably therefore if you want to redistribute the rich then tax assets not marginal income.

      Not young professionals who have 150k in school debt and make 100k living in a big city and brown bagging it.

      Compare this to kids who inherit large estates and become yoga instructors or secretaries who have millions in stock options at certain companies - or farmers with large unrealized gains on land with modest incomes. Many get by with modest incomes and low taxes.

      Focus on assets

      Now that would take guts - tax people who are already rich based on their assets! Every wonder why tax gougers in Congress are reluctant to do this - it might impact their OWN estate planning.

      The benchmark for a real successful redistribution plan will have the affect of having the rich flee the country - but who cares if you barely pay taxes to begin with.

      That comparison is with a Republican congress that caved - can you imagine what it will be like with a Dem president and veto proof Dem congress -look for massive disincentives for capital formation and business growth.



       Mar 10 10:51 AM
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