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Willy Graves

Willy Graves
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  • SEC Halts Trading Of Growlife: Here's Why [View article]
    At least the SEC did not halt trading in TRTC. On the other hand, even a cursory glance at the 4th quarter financials recently released show that that company pushed back a lot of expenses that should have been recognized in the third quarter and instead loaded them all into the 4th. Very poor accounting and reporting at best. I'm long TRTC but was very disappointed to see this when the latest release came out.
    Apr 11 12:45 PM | Likes Like |Link to Comment
  • Summary Of My Post-Employment Comments - Growl Of Displeasure [View article]
    Wasn't the idea that everybody working less would create more jobs originally a French idea? Certainly hasn't worked there, where the unemployment rate remains persistently high. No, economic growth is driven in part by increasing productivity, which is not in any way achieved by many more people working less.
    Mar 8 11:39 AM | 1 Like Like |Link to Comment
  • Seems I Was Right About Facebook: A Classic Case Of 'Buy On The Rumor, Sell On The News' [View article]
    How do you know they're not working on those very ideas??
    Nov 9 03:22 PM | Likes Like |Link to Comment
  • Seems I Was Right About Facebook: A Classic Case Of 'Buy On The Rumor, Sell On The News' [View article]
    Good comment, Purewater. The comments that FB is just a teen fad and will fade out make no recognition of all the possibilities for innovation. Plus teens grow into adults and many will be lifetime FB users.
    btw - I am 57 and many of my friends and peers are on FB at least some, especially women. I am not.
    Nov 9 03:20 PM | Likes Like |Link to Comment
  • QE3: The Fed's Faustian Bargain For The U.S. Economy [View article]
    Correction - QE has hurt everyone else by lowering the value of savings, lowering the income from savings and lowering the value of stagnant wages and fixed incomes.
    Money creation by the Fed doesn't just bail out debtors like the big banks and the US Govt., it does so in part by transferring wealth from "the masses" to them.
    Aug 16 03:13 PM | 3 Likes Like |Link to Comment
  • The Disturbing Evolution Of Central Banking [View article]
    "...the boundaries between fiscal and monetary policy have become dangerously blurred." That's an understatement. The CB's have become direct financiers of governments. In the last couple of months, even a hint that the process will not continue has panicked markets. I don't see how it won't continue. Next we will have another "budget showdown" in DC. The result will be yet more spending and public debt, and continued, if not accelerated, T-bond buying by the Fed. Just as with fiscal policy, a slower rate of increase in such buying is being labeled a "cut" to delude the masses into supporting their own financial destruction.
    Aug 8 10:50 AM | 1 Like Like |Link to Comment
  • Qualcomm: Understanding The Risks Before You Buy [View article]
    Well, I took a chance and bought before the earnings. Very disappointed obviously that the stock got hit this hard when the release was overall excellent. I'll stay with it because the fundamentals are all very good with this company.
    Apr 25 01:34 PM | Likes Like |Link to Comment
  • What To Do With Gold And Silver? [View article]
    Thanks, scoops. One year ago, both silver and gold were higher than they are now.
    Apr 3 04:07 PM | Likes Like |Link to Comment
  • Outflows from the GLD hit $1B in January and have accelerated in February, now summing to $3.1B YTD. Bulls may take heart - the last time the GLD suffered outflows was mid-summer 2012, just ahead of a big rally in gold prices. AUM in GLD was $72B at January's end. [View news story]
    Oh, come on. If more people had been doing what he was doing the bubble would never have gotten as severe as it did.
    Feb 22 11:31 AM | Likes Like |Link to Comment
  • Non-agricultural commodities sell off sharply across the board. GLD -1.4%, SLV -2.3%, USO -2%, JJC -1.1%. Lumber futures -2.5%. Chatter circulates of a troubled hedge fund being forced to exit. Broad commodity ETF: DBC -0.9%[View news story]
    Overreaction to Fed minutes. Good trading opportunity. Long term I'm still bullish PM's.
    Feb 20 05:56 PM | Likes Like |Link to Comment
  • The backup in Treasury yields - with the 10-year hitting 2% today for the first time in nearly a year - is a buying opportunity, according to Capital Economics' John Higgins. One datapoint of interest: In 7 major tightening cycles since the early 1970s, the trough in Treasury yields occurred an average 7 months before the first Fed Funds tightening. [View news story]
    It all makes total sense that yields would climb, maybe suddenly. Except that Japan's been doing this for 25 years and it hasn't happened to them. I'm no expert, but I have asked and I have yet to have anyone give me an explanation as to why the USA will be different. Japan's 10-year is at about .8%. Our debt will keep climbing like theirs. Our people will keep aging like theirs. Our politicians will remain gutless to change like theirs. Our entitlements will crowd out other investments like theirs. And on and on. What will be the catalyst that will cause all that $9 trillion to start moving out of US treasuries in a big way? I think the operative advice is "don't fight the Fed."
    Jan 28 04:29 PM | Likes Like |Link to Comment
  • Early notes from the BAML fund manager survey shows respondents at their most bullish in 2 years and the most overweight banks since 2007. Allocations to eurozone equities are the highest in 5 years. The BAML read was notable for much of 2012 for showing extreme bearishness among fund managers, but had turned optimistic at the end of the year. [View news story]
    Sounds like they're looking in the rear view mirror.
    Jan 15 12:05 PM | 1 Like Like |Link to Comment
  • Bond Bubble: Color, Perspective, And Loss Projections [View article]
    German Bunds and Japanese sovereign debt both have yields well below US Treasuries. We could go lower - How about 10-yrs at 1.38 (German) or even .79 (Japan)?
    Where else is all this central bank money supposed to go? Only governments can spend that much.
    Dec 25 11:55 PM | Likes Like |Link to Comment
  • Handle With Care: Inflation, Monetary Policy, And A Fragile System Ready To Crack [View article]
    Colin - I'd like to hear your thoughts on why we won't simply follow the path of Japan. Aren't there many parallels between their macroeconomics, demographics, fiscal and monetary policy and ours? Yet they have experienced something like 25 years of deflation, haven't they? The Nikkei is one third of what it was in the late 80's, while the yen has appreciated greatly against other currencies.
    I follow the logic of the debt-bubble, buy-gold argument, and I have believed it and invested accordingly. On the other hand, I cannot reconcile it with what appears to be the best empirical example we have, namely Japan, as to what the future will look like - falling asset prices and low interest rates as far as the eye can see, essentially insolvent banks being propped up by the central bank, with national debt pushing through 200% of GDP while people just keep going along with the con. What will be different here? What will be the catalyst that will get people to abandon the US debt, including the dollar? Knowing that the Fed is simply siphoning money from the populace and giving it to the debtor banks and government, is the answer that the catalyst will be the awakening to the widespread poverty which exists (and which we are already beginning to see?) At that point, won't it be too late for people to shift their assets away from the dollar, since they will have no assets to speak of?
    By the way, I love your columns. You are one of only a few that I "follow" on SA. Thanks for all your work.
    Dec 17 11:50 AM | Likes Like |Link to Comment
  • Global Warming Will Push Gold Higher [View article]
    What is your source for the assertion that frequency and severity of storms is increasing? I have read a lot of stuff about this and I've never seen anything that confirms that. Some have argued the opposite, in fact.

    Severity in dollar losses is increasing because of poor public policy which encourages irresponsible shoreline development by subsidizing it through various federal and state public insurance programs.

    That's different than meteorological severity. Heck, Sandy wasn't even a hurricane when it made landfall. The hypesters in the media came up with the label "Superstorm" to make it sound worse than it was.

    Within the last 20,000 years, there was a miles-thick sheet of ice covering what is now Chicago. The earth has warmed up since then, thank goodness.

    Even without the weather changing, gold is going up because we are growing our debt at an accelerating pace.
    Dec 15 03:55 PM | 2 Likes Like |Link to Comment