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  • Amazon.com: Opponent of Internet Sales Tax Has Upside Potential  [View article]
    Mar 21, 2011. 04:22 PM | Likes Like |Link to Comment
  • Whitney Tilson: Why We Covered Our Netflix Short  [View article]
    Short translation of his change of heart:

    "As a financial talking head who spews about things I know nothing about, I am now changing my position on this topic because I was actually called out on my BS. All my other opinions remain the same though, at least until those are called out too, at which I will change my mind on them also."
    Feb 11, 2011. 04:14 PM | 1 Like Like |Link to Comment
  • Department of Labor Gaming Its Unemployment Figures?  [View article]
    "Well, I could hire two people here, or I could hire five people in India. What should I do?"

    You realize this has been the case forever right? But in the past those two Americans with better skills and supported by capitol investments could out produce many more times the number of people hired abroad. So it was worth it to hire them.

    That is not the case anymore. If I had a small business and was choosing between hiring 2 Americans with liberal arts degrees who got pumped out of an education system that is like number 20 in the world, or 5 Indians with engineering degrees and who were as smart as heck, I go with the Indians in a heartbeat.

    Social responsiblity? Why is subsidizing two overprivledged art history majors more socially responsible than giving 5 hard working people in a developing country a chance?
    Dec 30, 2010. 01:10 PM | 12 Likes Like |Link to Comment
  • Stocks Beat Commodities in Long Run  [View article]
    Haha, I see what you did there.

    From standardandpoors.com :

    "The S&P 500® has been widely regarded as the best single gauge of the large cap U.S. equities market since the index was first published in 1957."
    Dec 22, 2010. 10:46 AM | 1 Like Like |Link to Comment
  • Whitney Tilson: Why We're Short Netflix  [View article]
    This is a key aspect the author missed.

    I cut my cable cord over 5 years ago and have had netflix ever since. Even as i find myself using Hulu and other services more, I never once thought of canceling netlix. The other services seem to compliment, not compete with them. Plus the "latest and greatest" films the author touts as key are many times quite frankly, crap. I like all the indie movies Netflix has for such a bargain price.
    Dec 17, 2010. 09:57 AM | 12 Likes Like |Link to Comment
  • Deficit Commission: How Mortgage Deductibility Affects Housing Prices  [View article]
    I hope they eliminate the mortgage deduction. As a renter I feel no obligation to subsidize those who have given into the real estate marketing machine hype who have somehow equated the "American Dream" and sucess with owning a home.

    Anything you subsidize you get more of and un-thought through home ownership can be devestating for society: 1) It makes the famously mobile American labor market extremely un-mobile which has contributed to the slow recovery; 2) it misallocates valuable credit and resources (what would be a better use of funds for a strong economy: ten $50k loans to start ten new small businsses or a jumbo $500k to another sprawl housing complex in the suburbs that produces nothing but new maintenence costs); and 3) it seems to be succeeding in tricking reasonable people into thinking that it is somehow an investment and hurts thier future financial security. Lastlu don't forget the term "home ownership" is misleading. You don't really own your home. You lease it from the bank for 30 years, and only after that do you really own it. If you dont believe me just ask the people who have stopped paying their "lease" aka foreclosures.

    The American Dream in my view is freedom and that is not home ownership.
    Dec 16, 2010. 05:24 PM | 5 Likes Like |Link to Comment
  • How the U.S. Once Prospered by Debasing Its Currency -- And Could Again  [View article]
    Its a bit of a stretch to say the turnaround then was the result of debasing the currency. Your article doesnt exactly make much of an logical argument for why debasing currency makes things good, you just say it does, so we should do it again. Perhaps sales of jellybeans went up that same year, so maybe those were the cause of the growth? You do realize coorelation doesn't equal causation right?

    To quote you when you reference with "people with a long interest in monetary policy," Im curious their take on what went wrong then for Germany in the 30's, or Zimbabwe, or Argentina. Why didn't they print themselves into prosperity?
    Nov 26, 2010. 02:00 PM | 11 Likes Like |Link to Comment
  • Why I Still Don't Like Gold  [View article]
    "The contrarian move would be to sell gold and buy blue chip stocks—which are about as unloved today as gold was in 2000. But alas, I was “early” on this trade…"

    Selling gold is a contrarian move? How exactly?

    When Mr T and Ed McMahon are hawking Cash4gold commercials which are running on all major TV channels and my local mall has an entire brick and mortar shop dedicated to letting you sell your gold for pennies on the dollar, im not sure how selling gold now is considered "contrarian." Unless contrarian now means doing what everyone else is doing and going with the flow.
    Nov 24, 2010. 10:11 AM | 2 Likes Like |Link to Comment
  • Inflation Not a Valid Reason to Own Gold  [View article]
    The average person could never get a $500,000 loan with zero down to buy gold, like they could with real estate....
    Nov 24, 2010. 09:55 AM | 5 Likes Like |Link to Comment
  • Money Supply Continues to Contract  [View article]
    The two do not perfectly cancel each other out. Or else anytime in the world someone defaulted on debt or someones house went down in value, then gov would just print the difference and everyone would go on their happy way. It doesnt work like that though and no country has ever printed their way to prosperity.

    Also people need to get it out of their heads that deflation is bad. If you've lost your job, then you want goods and services to be cheaper, to ease the transition. Also the typical arguments against deflation doesnt stack up. The electronics/computer/high tech industry has had rapid price deflation of their products the last 30 years and they have done quite well while at the same time producing very high paying jobs for people while allowing their industries to thrive..
    Nov 15, 2010. 03:37 PM | 6 Likes Like |Link to Comment
  • Endeavour Silver's Stock and Earnings Shine Forth  [View article]
    I like EXK and have shares. Their forward p/e is listed as a little under 15 still, even at their current share price. They appear undervalued still.
    Nov 12, 2010. 11:00 AM | Likes Like |Link to Comment
  • Still Interested in Getting Physical With Gold?  [View article]
    I believe the option for these funds to allow receiving of physical gold isnt meant so much for the everyday investor, as it is an insurance policy against fraud by the fund intself. At the end of the day its a check and clear verification that they hold actual physical gold. Unlike some other very gold ETFs we know.....
    Nov 5, 2010. 10:34 AM | 20 Likes Like |Link to Comment
  • Dividend Payers Trumping Non-Payers Through October  [View article]
    Dividends also appeal to those early in their careers like me. I totally agree with you on dividends and would also add one other thing. The way companies can cook the books, falsify numbers, and have overinflated stock prices through hype, the one thing that can't be faked is a steady cash dividend. Its proof the company is making money when all other indicators seems suspicious.

    But ill admit im not taking my own advice now for one reason, the soon to be expired Bush tax cuts. If they revert back to their original levels, dividends will be taxed at ordinary income, which for me is 28%, nearly double the current rate of 15%. Compared with long term capital cains which raise from 15 to 20%. This makes dividends less attractive vs capital gains. Anyway just wanted to vent. The US will have one of the highest dividend taxes in the world come january. Pretty lame in my opinion and screws over us income investors.

    Nov 2, 2010. 11:43 AM | 2 Likes Like |Link to Comment
  • Five Golden Energy Stocks With Attractive Income  [View article]
    I really liked Freehold at first. I mean who wouldnt, they make money predominantly from low cost, low risk royalties, have almost a 9% current annual dividend yield and a historical 15% annual growth rate. But they also have one of the lowest tax pools of all the former trusts which are converting. Theirs will run out in a year, then they will be paying full tax. Most the other trusts have 2-3 years of tax free operation after conversion. Also while they have committed to maintaining their current dividend while others have cut, given their tax pool will run out sooner and they have very little capitial expedinditures to offset new taxes, it's questionable how sustainable their distribution is. Lastly, because they are predominatly a royalty play, their growth is dependent on how much third parties, who they have little control over, are drilling on their land. I believe the incentives in Canada right now are skewed toward drilling on crown lands, which Freehold's arent.

    Anyway there isnt much coverage on this stock and I would be curious to hear other points of view.
    Nov 2, 2010. 11:30 AM | 1 Like Like |Link to Comment
  • Telstra: Is This Down Under Telecom Over the Top?  [View article]
    Just adding some additional third party info to the conversation:


    The article suggests their dividend is not as safe as it seems.
    Nov 2, 2010. 11:19 AM | 1 Like Like |Link to Comment