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Uber Vandal

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  • Rail Traffic Trends Are Starting To Slow [View article]
    Inter-modal car loadings do not concern me as much as the 2.2% decline (YTD) in waste and scrap loadings (classified as other), and 35.9% decline (YTD) for Canada.

    A decline in waste loadings usually reflects a decline in activity, which also reflects a softening economy.
    Apr 13 05:45 AM | Likes Like |Link to Comment
  • End Of An Era For Gold Investors [View article]
    Do you really think that the small town owed 5 billion will be able to collect?

    Did they also adjust for the Wiemar inflation, perhaps instead of 5 billion, they are owed 5 Googol centillion quintillion quadrillion trillion billion million or 10 X exponential number.

    And finally, what is all of above divided by zero, you know, the current value of Guilders, Marks, and Reich-Marks? I doubt that the contract mentioned payment in units other than Guilders, but it might have mentioned payment in gold.
    Aug 5 10:14 PM | 8 Likes Like |Link to Comment
  • Don't Assume Anything From Ultra-Low Interest Rates [View article]
    I am alluding to a Weimar / Zimbabwe scenario.

    The point is that if savings have a nominal rate of less than zero (exclusive of taxes and inflation), where else would the money go?

    It would be pointless and foolish to pay a bank, credit union, or even a government for the privilege of parking your money with them.

    Right now, Denmark has negative interest rates.

    And, a number of European countries now have negative yielding bonds.

    So, if you are faced with a prospect of losing your money by simply having it parked, without the other gluttons of taxation and inflation, people may be left with little choice than to plug their money into equities, or real estate, or basically anything.
    Jul 29 03:31 PM | 2 Likes Like |Link to Comment
  • Don't Assume Anything From Ultra-Low Interest Rates [View article]
    Once the Fed goes Full NIRP (Negative Interest Rate Policy), then we might have DOW 36,000 after all.

    Unfortunately, the dollar store may need to be re-branded as the C Note store.

    Disclosure: Long Wheelbarrows
    Jul 29 02:34 AM | 8 Likes Like |Link to Comment
  • A Classic Comeback Story: The Bullish Case For General Motors [View article]
    I presume you have not heard about "Channel Stuffing".

    What exactly is Channel Stuffing you may ask?

    It is the business practice where a company, or a sales force within a company, inflates its sales figures by forcing more products through a distribution channel (dealership) than the channel is capable of selling to the world at large. Also known as "trade loading", this can be the result of a company attempting to inflate its sales figures. Alternatively, it can be a consequence of a poorly managed sales force attempting to meet short term objectives and quotas in a way that is detrimental to the company in the long term.

    Perhaps this might be of interest to you:
    Jul 7 04:00 PM | 6 Likes Like |Link to Comment
  • The global airline industry will likely post a second consecutive year of net profit declines, says the IATA, as the impact of the eurozone debt crisis offsets the boost from lower oil prices, stronger-than-expected growth in passenger traffic and an improved freight market. The expected industry net profit of $3B is less than half the $7.9B of 2011, and a far cry from 2010's $15.8B.  [View news story]
    Losses may have been mitigated by charging for things that once were free of charge.

    Such as baggage fees that are above and beyond the quoted ticket price, each way.
    Jun 11 04:43 AM | Likes Like |Link to Comment
  • Has Gold Reached Bottom Or Is More Downside Ahead? [View article]
    1975 is often used as a gold price starting point for it was legal for US citizens to own gold again.

    FDR signed executive order 6102 banning the "hoarding of gold coin, gold bullion, and gold certificates", on April 5, 1933.

    FDR's executive order was repealed by President Ford on December 31, 1974.
    May 20 06:56 AM | 1 Like Like |Link to Comment
  • Don't Bet On Gold [View article]
    Last time I went to a coin store, and even a jewelry store, US Citizens are selling gold too.

    I suppose that once you receive zero on your bank deposits (or negative return when inflation is 2% and your deposits pay 1/10 of 1%), have not had a meaningful raise in a decade or watched your hours and benefits shrink, watched the price of food, fuel, state and local taxes and insurance explode, watched your shares of NFLX plummet from $300 per share to about $75, one might need to start selling gold.
    May 13 02:46 AM | 2 Likes Like |Link to Comment
  • Another Healthy Correction For Gold And Silver [View article]
    "the bubble heads act like no-one has anything better to do with their savings, but to purchase and to hoard Apple stock"..... And its going to increase by 50% by the end of this year.....And we have nothing better to do but to purchase an iPad 3 and iPhone 4s from the retailers at a substantial mark up and wait in long lines for hours for the soon to be outdated paperweight....I know I am going to make the Apple Worshipers angry.

    Fixed it for you.
    Mar 18 12:50 PM | 9 Likes Like |Link to Comment
  • Why Warren Buffett is Wrong About Gold [View article]

    And I quote the following:

    "If you own an entire business, you are in fact realizing gains without ever selling it.

    The correct(ed) version is:

    If you own gold, you are in fact realizing gains without ever selling it....

    Case in point, the 1882 double eagle gold coin I bought for $400 in the late 1990's has done NOTHING but sit in a nice PCGS holder, but its current value is north of $2000.

    Nope, no gains there at all.
    Mar 10 11:39 PM | 1 Like Like |Link to Comment
  • Buffett's Bursting Bubble [View article]
    @Karl Glazier:

    Mr. Schiff was REALLY in scaremonger mode in 2006 when he was being derided as such with his warning of the housing crash.
    Mar 7 12:38 PM | 6 Likes Like |Link to Comment
  • Ride The Rails To Retirement [View article]
    If you ever read the book "The Nation Pays Again" by Thomas Ploss, you would know how much of a shame this really was.

    For another look at this, this link has a lot of information about the end of its operations of the Lines West and how it eventually became part of the Canadian Pacific (Soo Line).

    A good quote from the article above:

    "In 1978, lines west of Miles City MT had generated $150 million in revenues, but what is even more staggering is that the Road turned away $64 million in business due to a "lack of car supply" according to Paul Cruikshank, Vice President-Operations. If an adequate car supply would have been provided, "Lines West" revenues would have equalled those of "Lines East" while having only about 25% of the total route miles and 20% of the employees of the system.

    The Bankruptcy Court found that, on average, a carload of transcontinental freight contributed $1000 towards overhead while the same carload, handled only on "Lines East", contributed only $100. The ICC concluded that the drop from 1977 to 1978 was due to the trustee's practice of "discouraging traffic", which the Milwaukee's own management had started doing in 1974.

    Unfortunately, this information was found too late as by now it was the end January, 1980. A group called SORE, Save Our Railroad Employment, had been formed by employees of the road and had considerable shipper and financial support. They proposed a railroad of 3550 miles out of the ashes of the Milwaukee, running from Louisville to Portland and including the Kansas City line.

    The ICC discovery that "Lines West" was profitable, even in its rundown state, was a relief to the SORE group as it would help their cause.

    Inexplicably, the ICC rejected the "NewMil" plan forwarded by this group as it felt it did not meet the 11% return on investment threshold that the ICC felt was necessary to attract capital. Nevermind the fact that two large banks had voiced their support for the proposal and the Milwaukee's main creditors supported either the "NewMil" plan or outright liquidation. Or the fact that it was the only plan to meet virtually all the Congressional mandates of the Milwaukee Road Restructuring Act and Section 77 of the Bankruptcy Act."
    Feb 22 05:17 AM | 1 Like Like |Link to Comment
  • No Evidence To Suggest That A Correction Is Looming [View article]
    The fact that the Baltic Dry Index had cratered to 647, or its lowest level ever on February 3, 2012, and nearly 20 points lower than it plunged in 2008, indicates all is well, and there is simply an over supply of shipping vessels, right?
    Feb 20 06:40 PM | 1 Like Like |Link to Comment
  • Don't Be Surprised To See A Correction [View article]
    Barrons is calling for Dow 15K and everyone knows that Apple will be a $1,000 stock.

    Everyone knows that Apple products are so much more important than oil (XOM)

    Stop being a silly head because this time really is different and all of the structural problems of 2008 have been fixed.

    Feb 13 01:40 PM | 7 Likes Like |Link to Comment
  • Obama And The Market: The First Three Years [View article]
    So, it only took about 4.6 TRILLION dollars to have a 60% increase in the market, and we have yet to reach the 2000 market top, adjusted for inflation, or even the 2007 nominal market top.

    Of note, the national debt was $10.626 trillion when Obama was sworn in, and our national debt, as of this moment, is now $15,250,180,584,484.88, and rising.

    Also of note, one needs a 100% increase to make up for a 50% loss.
    Jan 24 05:27 AM | 7 Likes Like |Link to Comment