Seeking Alpha


Send Message
View as an RSS Feed
View filipo's Comments BY TICKER:
Latest  |  Highest rated
  • Why I Strongly Disagree With Goldman's Bearish Gold Call - Buy The GLD [View article]
    "and see what appears set to happen in Ukraine."

    Indeed, and not only is this a probable scenario, but imo it is the best scenario: Ukraine should be divided according to a border that separates the two most important cultures: Ukrainians and Russians.
    It's only by doing so that the self determination of the people will be respected and possible future havoc will be avoided.
    That this happens in a military way is deplorable, but that's how the world powers are used to operate, or how else should we interpret Vietnam, Iraq, Tibet....
    Mar 28 02:22 AM | 4 Likes Like |Link to Comment
  • The Only 20 Companies That Matter [View article]
    You certainly have a point, especially when you write
    "If you are hoping for these big companies to pull America out of recession you are 100% wrong. If the economy is bad they will just slice costs and employees."

    However, we're not considering US economy. We're asking whether being shareholder of one of the aforementioned 20 US companies is a safe bet or not and whether investing in these companies at these price levels is also a safe bet.
    And then, I think, the answer is twice, yes, knowing however there will be other rounds of slicing costs and employees that will follow in the future.
    Mar 27 05:05 PM | 2 Likes Like |Link to Comment
  • The Only 20 Companies That Matter [View article]
    "Great point. With negative real rates, the market can justifiably support higher P/Es than historically normal."

    Indeed, that's what I meant and it's something that some analysts tend to forget. This is uncharted territory we're in, and that asks for some flexibility of judgment.
    Excellent article, by the way.
    Mar 27 04:59 PM | 3 Likes Like |Link to Comment
  • Gold continues slide [View news story]
    The Chinese have repeatedly said that what they want is a basket of currencies with gold forming part to replace the USD as a reference currency.
    There are scholars in the West who favor this idea.
    A reference currency for the people behind that currency is a curse and a blessing. It's a curse because it overvalues the said currency and hence hinders export from that nation and it's a blessing because it enables the citizens of that nation to live a life of leasure without having to work hard.
    However, the Chinese have their own problems -huge leveraging that is popping, to name but one- so I don't think this takeover will happen very soon.
    Europe wil never cooperate with the BRICS to back another reference currency than the USD. There will be trade between Europe and the BRICS, yes, but Europe will never question the very existence of the USD as a reference currency. There would be a revolution needed to implement that.
    Mar 27 04:38 PM | Likes Like |Link to Comment
  • The Only 20 Companies That Matter [View article]
    Jeffrey, they needed and still need ZIRP for M&A.
    Mar 27 01:29 PM | Likes Like |Link to Comment
  • The Only 20 Companies That Matter [View article]
    P/E's of 15.9 -or more- at first sight looks steep, but with ZIRP they aren't.
    Things would only change drastically if and when ZIRP would be wound up, notwithstanding remarkable improvements of productivity thanks to new technologies.
    Mar 27 01:26 PM | 7 Likes Like |Link to Comment
  • Chinese February Gold Imports Show Strong Chinese Demand: What Chinese Credit Crunch? [View article]
    Thanks for keeping us informed, Hebba.
    There are those who claim that the fundamentals don't matter and that only the "sentiment" which they claim they can read in tea leaves matters, but I rather have your approach.
    Mar 27 12:53 PM | 2 Likes Like |Link to Comment
  • Chinese February Gold Imports Show Strong Chinese Demand: What Chinese Credit Crunch? [View article]
    Of course do the Chinese keep on buying gold. Why wouldn't they ?
    They're used to an inflationary currency and can't rely on social insurance like we in the West. Gold is for them the best protection against currency devaluation.
    Besides, there's a historic religious connotation to gold for them too: Buddhism highly appreciates gold as a symbol of purity and perfection.
    And now that they become financially able to buy gold, they're simply devouring it.
    The West will end up holding paper gold while the East will possess the physical stuff.
    Mar 27 12:49 PM | 2 Likes Like |Link to Comment
  • Gold continues slide [View news story]
    Let's wait 'n see where we'll stand at year's end.
    Mar 26 05:40 PM | Likes Like |Link to Comment
  • The Asinine Gold Sell-Off? [View article]
    Just follow the sentiment.....
    Mar 26 03:02 PM | 1 Like Like |Link to Comment
  • After The Sell-Off: A Bright Spot For Gold [View article]
    Got an idea of what's the actual sell value of that Mac ?
    Mar 25 11:53 PM | Likes Like |Link to Comment
  • Things You Probably Don't Understand About Russia's Agenda And Why You Need To Understand Them [View article]
    "You can eduate yuorself if You read book from Zbigniew Berezinski on Russia"
    Why not call Sarah Palin expert on Russia ?
    Mar 25 05:57 PM | Likes Like |Link to Comment
  • The Asinine Gold Sell-Off? [View article]
    Does the name "Mercuria" ring any bell to you ?
    Mar 25 03:46 PM | Likes Like |Link to Comment
  • A Brief History Of Gold And Why It's Overvalued By A Factor Of 2 [View article]
    One can't accuse Greenspan of having said nothing, indeed not, on the contrary, he spoke often, a lot and fluently.
    However, what he said was not always very understandable, not even to the incrowd.
    To make my point definitely -we could argue over this endlessly: one word against the other- I went to Wiki. Here is what I found and I can't formulate it better:
    "In monetary policy of the United States, the term Fedspeak (also known as Greenspeak) is what Alan Blinder called "a turgid dialect of English" used by Federal Reserve Board chairmen in making intentionally wordy, vague, and ambiguous statements.[2][3][4] The strategy, which was used most prominently by Alan Greenspan, was used to prevent financial markets from overreacting to the chairman's remarks. The deliberately confusing and carefully rehearsed cryptic language described as an "indecipherable, Delphic dialect" is meant to "give people a sense that there's no way they could understand economics and finance" and thus allow the Federal Reserve and government to manage the economy with less interference from the general public.
    Although it was originally believed by some that Alan Greenspan, who is generally credited for popularizing fedspeak, may have used such language unintentionally, he revealed in his 2007 book The Age of Turbulence, that the method of avoiding the issues directly when a clear message was not desired was indeed intentional. Greenspan states that the confusion, which often resulted in conflicting interpretations, was used to prevent unintended jolts to the markets as confusing statements were typically ignored.
    He noted that he came upon the dialect while at the fed: "What I've learned at the Federal Reserve is a new language which is called 'Fed-speak.' You soon learn to mumble with great incoherence.(...)
    When Stahl noted that Greenspan's responses were "impenetrably profound" and that this resulted in "two newspapers getting opposing headlines coming out of the same hearing", Greenspan responded that "I succeeded"

    The tekst goes on with lots of examples, altogether a good read and a joy for those who like the Grand Old man.
    Mar 25 03:33 PM | Likes Like |Link to Comment
  • Gold: The Declines Won't Stop Here [View article]
    Yes, I saw that article too.
    And there's another reason for the plunging gold price: Mercuria took over from JPM.
    They want to show their gold bashing skills since they're paid for it:
    Mar 25 03:14 PM | Likes Like |Link to Comment