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wkl

wkl
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  • Whether Michele Bachmann Really Could Give Us $2 Gas [View article]
    Let's put all of the political bashing aside. $2.00 gas is a very real possibility, if and only if, we have policies that support a strong dollar. Unfortunately, central banks around the world are having a race to see who's currency can reach the bottom first. All for the ability to support export prices. World economies are becomming more export driven by the year, which leads to debased currencies and therefore higher commodity prices that all trade in US dollars.
    Aug 20, 2011. 12:31 PM | Likes Like |Link to Comment
  • Not enough that S&P introduced a $2T error into its original analysis, it then went ahead and downgraded the U.S. anyway by "changing their principal rationale... from an economic one to a political one," Treasury says in a blog post. Meanwhile investors' collective judgment proves, "that the U.S. has the means and political will to make good on its obligations."  [View news story]
    This is true. But the difference still lies in using the Treasury's projections. The question is do you beleive GDP will grow, on avereage, of 5% through 2016? And unemployment will only avereage 6%?
    Aug 7, 2011. 02:50 PM | 5 Likes Like |Link to Comment
  • Not enough that S&P introduced a $2T error into its original analysis, it then went ahead and downgraded the U.S. anyway by "changing their principal rationale... from an economic one to a political one," Treasury says in a blog post. Meanwhile investors' collective judgment proves, "that the U.S. has the means and political will to make good on its obligations."  [View news story]
    My view is the 2 trillion dollar error was with the treasury and the administration's projections. The extra 2 trillion they have comes from projections that the economy will grow 5% annually through 2016. And an average unemployment rate of 6%. Now tell us again. Do you beleive Obama & Little Timmy? Or S&P?
    Aug 7, 2011. 02:02 PM | 10 Likes Like |Link to Comment
  • Robert Reich responds to a column by the New York Times on the great consumer bust by pointing out it's flat wages - and not slow spending - at the root of the problem. The solution? He says a long economic trend needs to reverse, and the income of the vast middle class needs to increase with production and investment.
       [View news story]
    You don't even understand supply side economics, you are just a parrot repeating the talking points. Lets consider the Apple's IPAD. Did the demand come from the consumer for Apple to develope the IPAD first, or did Apple develope the device and then through marketing and sales create the demand? The product and the supply always comes first. Supply side economics is all about freeing up restrictions and the burdens and replace them with confidence to take risks. This same lack of confidence is currently what is holding back the consumer, especially in the housing market. Therefore, no demand. The entire economic model is on hold by a lack of confidence. You want jobs? Tell your fearless leader to get out in front of the American people and lead. You want jobs? Tell your fearless leader to lift the restrictions and stop with the tax the rich shit because it is only part of his ideology. Only an idiot would beleive that somehow all of our problems will be solved if only we tax the top 5% of wage earners another 2%.
    Jul 18, 2011. 11:54 PM | 2 Likes Like |Link to Comment
  • Robert Reich responds to a column by the New York Times on the great consumer bust by pointing out it's flat wages - and not slow spending - at the root of the problem. The solution? He says a long economic trend needs to reverse, and the income of the vast middle class needs to increase with production and investment.
       [View news story]
    You are right, it is a cost for doing business. Which may explain why our corporations are now selling more and producing more offshore, while making the greatest percentage of their profits in foreign countries. At the same time, those profits are staying in the foreign countries and being reinvested offshore.
    Jul 18, 2011. 08:16 PM | 1 Like Like |Link to Comment
  • Stocks Are Impotent Without Daily Dose of QE [View article]
    Eric, thanks for the feedback and the link to your previous article. Am I understanding correctly that your current PE of 22 for the S&P is the PE ratio for the 10 year moving average, as opposed to the current PE ratio for the last closing price for the index?
    Jul 17, 2011. 11:02 PM | Likes Like |Link to Comment
  • Stocks Are Impotent Without Daily Dose of QE [View article]
    Eric, what metrics are you using to determine that stocks are 40% overvalued? I don't beleive it is the PE ratio or what the S&P earnings are expected to show for this quarter.
    Jul 17, 2011. 08:33 PM | Likes Like |Link to Comment
  • Chesapeake Energy: Ripe for the Picking? [View article]
    The shale plays are no longer just about NG. The fracking process has allowed the drillers access to larger volumns of liquids that were not available before. Plus, if our nation does not fully embrace NG, the rest of the world will.
    Jul 17, 2011. 08:23 PM | 1 Like Like |Link to Comment
  • While the debt talks may be stuck, the sides agree that selling federal property would be a good way to raise money, especially as the U.S. owns over 45,000 under-utilized buildings that cost $1.66B/year. However, red tape, the cost of shutting buildings, and and local opposition have blocked such efforts in the past.  [View news story]
    I will comment for Leftfield and hope he agrees with me. How about 10% across the board, military included. All business and individuals had to tighten their belts, time for the idealogues to do the same. I know of no one who beleives that there is not at least 10% of waste and abuse in every federal program.
    Jul 17, 2011. 08:11 PM | Likes Like |Link to Comment
  • Recent polls suggest that Americans are willing to accept some increase in taxes to reduce the deficit, Bruce Bartlett writes. Republicans, take heed.  [View news story]
    Hey Bruce, you afraid to show Rasmussen's polling data? I find it to be a better consensus of the general population. Polling can show the pollster whatever the pollster wants to see by ways in which the question is phrased. Even you know that.
    Jul 14, 2011. 07:19 PM | 3 Likes Like |Link to Comment
  • Prepare for a Sell-Off When the Debt Deal Is Struck [View article]
    So, you don't give a shit what the Dems position may be?
    Jul 10, 2011. 06:47 PM | 4 Likes Like |Link to Comment
  • Prepare for a Sell-Off When the Debt Deal Is Struck [View article]
    I prefer to look at the bond market to signal what will happen. At this time it is telling us 1 of two things. A) a deal will get done before the arbitrary date of Aug. 2, or B) if a deal is not reached, there will not be the problems that the talking heads are preaching. Let's observe the Treasury auctions this week for further signals.
    Jul 10, 2011. 06:05 PM | 3 Likes Like |Link to Comment
  • Paul Ryan: Not Qualified to Chair the House Budget Committee [View article]
    Cullen,
    I have never viewed you as being qualified in your field. You call yourself "The Pragmatic Capitalist", but there is very little that is pragmatic about you. All you ever spew out is theory, and I beleive you know little about the theory of which you write. One who is tied to their ideology as you, fail to listen, or to debate the other side of the argument to come to a logical conclusion. To turn around the mess we are in is going to take bold steps, and steps that go against one's theory. Case in point. The late 70's and early 80's when Volcker drastically raised interest rates in a stagnant economy to tame inflation. I remember the pundits, and the mouth pieces at that time, declaring that this move would surely bring on a depression like the 30's. This went against all of your MMT theories, and I am sure if you were around then, you would smear Paul Volcker in the same fashion as you are trying now with Paul Ryan. Your economic view's are not working now Cullen. The results aren't what they should be from theory. You have flooded the world with dollars though stimulus, QE, and QE2, and the dollars just sit on corporate balance sheets, bank balance sheets, and foreign government balance sheets. You, along with our President, have come up with only one solution. Let's raise taxes and move it to the U.S. government's balance sheet. Yea right, that will really put it to work. You Cullen, are neither pragmatic or a capitalist.
    Jul 8, 2011. 07:52 PM | 2 Likes Like |Link to Comment
  • Will Fiscal Austerity Lead to a Depression? [View article]
    There is no liquidity trap. Corporate balance sheets are filled to the brim with cash, and the world is awash in dollars. This is why QE, QE2, and the stimulus package had so little effect. A world flooded with dollars, and leaders without a clue as to how to put it to work. And our idiot president's only response is to tax, and to transfer the dollars to the government's balance sheet.
    The supply siders are coming, the supply siders are coming, yahoo!
    Jul 6, 2011. 07:37 PM | 2 Likes Like |Link to Comment
  • Great 'Collapse' in Treasury Bonds: Overheated Talk [View article]
    I view the upward move of interest rates in the bond market the last couple of days to be large in a short period of time. With the end of QE2 ending only yesterday, I view your opinion to be somewhat silly and without thought. At least one should wait more than 24 hours to have one question answered. Exactly who now will be the buyers of Treasuries. Cullen, do your homework and see who the buyer's have been since QE2 began. Basically no one but the FED, and before anyone steps up to be the big buyers now Treasury prices will have to fall substantially. Maybe true price discovery will now be found without the Fed, and the only way the Fed can stop it is to once again become the buyer. We have a major problem with out of control debt, higher interest rates are on the way making that debt more expensive, and the only weapon the Fed has left is a pea shooter in a nuclear war.
    Jul 1, 2011. 11:55 PM | 4 Likes Like |Link to Comment
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