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duncanshume

duncanshume
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  • What Obama's Win Means For Your Wallet [View article]
    I was interested enough in your take that I read the Wikipedia article on Alinsky. I do not see that Obama is in anyway like Alinsky, firstly Alinsky was all about how to get power for those that don't have it - Obama does have it, I think that Alinsky would disapprove of Obama because of Obama's support of the establishment/ elite and his disrespect for personal freedoms, Alinsky was a man for the people.
    I do however agree with you that there is plenty to be frightened about now that Obama has a second term and I see in him the makings of a despot.
    Nov 10 03:36 PM | Likes Like |Link to Comment
  • Well that didn't last long. The global rally in equities that followed Barack Obama's re-election has petered out quickly as European shares follow U.S. futures into the red. More depressing data out of Europe (I, II) could be a cause, as could the realization that the fiscal cliff is less than eight weeks aways, after which Washington could remain as deadlocked as ever. Dow -0.25%, S&P -0.2%, Nasdaq -0.2%. Euro Stoxx 50 -0.4%. London -0.1%, Paris -0.5%, Frankfurt -0.2%. Crude -1.1%[View news story]
    you have to be joking, Obama did nothing that he said he would do when he was elected, he allowed Wall Street to line their pockets with public money, GM union fat cats to get rich at the public expense, did nothing about the military, sheesh
    Nov 7 09:12 AM | 1 Like Like |Link to Comment
  • They're coming in fast now. The Bank of England has been given the okay to activate unused emergency liquidity facilities for banks to use if market conditions deteriorate, reports Dow Jones.  [View news story]
    The Central Banks are all ready to provide unlimited financing to deal with the "crisis". What a joke, the central banks create a crisis out of thin air, but they have a solution..... print more money. And remind me what was the cause of this crisis? I cannot understand how these dimwits deserve a paycheck.
    Jun 15 03:29 AM | Likes Like |Link to Comment
  • Xstrata (XSRAF.PK) CEO Mick Davis and his key staff will earn £172M/year simply for sticking around after its proposed merger with Glencore (GLCNF.PK). But Xstrata's already unsettled shareholders will get to vote on the retention packages, and in the current climate of hostility toward high pay, the issue could put the whole merger at risk, Heard On The Street reports.  [View news story]
    The more they are paid the less attention they pay to the business, at least that seems to me to be the way that these huge salaries are playing out, financials have just not been great money makers for anyone but their CEOs and select officers. The root of the problem is probably Institutional shareholders who hope that they too will one day be similarly rewarded for sub-par performance.
    Jun 12 03:25 AM | Likes Like |Link to Comment
  • A Surprise Ending For The European Drama? [View article]
    I think that there are dark clouds ahead: I do not see that Jeff's solution, or any other solution so far presented is going to work, there is just too much debt and too many entitlement programs, both here and in Europe. My guess is that there is a major crisis somewhere out there in the future that will trigger the massive deleveraging that is ultimately inevitable. There is evidence of this expectation in the US where the internal police forces and spy agencies "Homeland Security" are being massively strengthened in order to deal with the anticipated riots.
    Jun 7 10:34 AM | 1 Like Like |Link to Comment
  • Yellen Gives A Green Light [View article]
    I agree with Amalagoli. Further I think that the FED is powerless to fix an economy that has been shredded by a lack of fiscal discipline. The primary result of the FED's maintenance of low rates is that it keeps down the interest payments on the ever growing pile of debt. A secondary result is that the pile of debt just keeps growing, feeding on cheap money. The FED cannot solve any problems here, it is simply facilitating the politicians who keep doing the wrong things.
    Jun 7 09:57 AM | 1 Like Like |Link to Comment
  • What If Paul Krugman Is Right? Part ll [View article]
    I think that you all have it backward. The problem is that the Fed has been growing the money supply, but the money is not being put to use because governments have continued with policies to stimulate debt and consumer spending despite the fact that personal (and government) debts and are already at high/ unsustainable levels. Interest rates remain low because the Fed can print money even faster than the politicians can think of ways to spend it. All this adds to deficits all of which is likely to continue until a major portion of the debt holders conclude that there is a better return elsewhere. This is already happening (sovereign wealth funds) but the process is in the early stages. In the US with so much of its external debt external interest rates will eventually start to rise, the process is being delayed because Europe has got there first.
    Nov 14 10:15 AM | Likes Like |Link to Comment
  • Listen To Which Market? [View article]
    Interested in your statement: "One worrying takeaway is that European politicians seem less sensitive to swings in asset prices and thus may be more tolerant of declines than in other regions of the world", do you believe that asset prices should be controlled by the politicians? Personally I would prefer that they concentrated on the economy and kept out of market meddling.
    Oct 25 09:50 AM | Likes Like |Link to Comment
  • Fixing Wall Street: It's Time To Break The Axis Of Artifice [View article]
    I agree with this concise and credible analysis.
    Oct 14 09:38 AM | 7 Likes Like |Link to Comment
  • 4 Compelling Buys In the Coal Space [View article]
    I understand that you may have picked the best of the coal bunch but I do not see that you made the case for a long term upside. Given that most of your positions seem to be call options are you anticipating a sharp bounce? That was my expectation a couple of weeks ago, today I am am less convinced.
    Sep 29 11:08 AM | 1 Like Like |Link to Comment
  • E-mails show that Bear Stearns cheated clients out of billions, and JPMorgan Chase (JPM -0.8%) may be on the hook, The Atlantic reports. Former Bear mortgage execs are accused of defrauding investors through shoddy mortgage securities they engineered and sold while at Bear Stearns, and JPMorgan apparently knew about the alleged fraud since 2008.  [View news story]
    Bankers are not entrepreneurs!
    Jul 12 04:01 PM | Likes Like |Link to Comment
  • Real wage growth may have been negative in June, and 2012 could be more of the same. HR consulting firm Hay Group expects median pay increases next year to be only 3%, which is below the current 3.6% inflation rate. A May study from the Hay Group and WSJ estimated CEO direct compensation to have risen 11% in 2010.  [View news story]
    What is going on with CEO pay? Who thinks that CEOs should be paid comparatively more now than say 20 years ago? Maybe all the CEOs have a really short term horizon based on their expectation of getting fired soon, or the company going out of business/ doing poorly in the future? All I see is arrogance and bluster and I am entirely unconvinced that more money equates to better performance, rather, I suspect that the opposite is true.
    Jul 7 02:18 PM | 1 Like Like |Link to Comment
  • Joe Weisenthal thinks Ford's (F +1.7%) June auto results say something "really bullish" about the U.S. economy. Total vehicle sales were up a solid 14%, but what interests Weisenthal is that Ford's flagship F-1 series trucks had one of its best months in three years: "People buy trucks, obviously, for construction and doing real economic activity."  [View news story]
    In my neighborhood housewives buy F1s for shopping and taking the kids to school
    Jul 1 03:50 PM | 1 Like Like |Link to Comment
  • "Institutions so powerful and considered so important that they require special support and different rules, the future of capitalism is at risk," says outgoing KC Fed chief Hoenig of the TBTF financials. He dismisses as "nonsense" the meme that tougher capital rules could hamper the economy.  [View news story]
    The first sane thoughts that I have seen out of the US administration in years. The weak US leadership has been manipulated by greedy and short sighted American bankers and this is accelerating the end of American primacy. The Chinese must be thrilled to see how fast their plans for world economic domination are being realized.
    Jun 27 03:52 PM | 1 Like Like |Link to Comment
  • In another major decision today affecting business, the Supreme Court rules 8-0 in favor of power companies in a suit challenging whether states could make power plants cut CO2 emissions even if the EPA hasn’t yet decided on the issue. The suit named the five largest U.S. CO2 emitters: AEP +0.5%, DUK +0.3%, SO +0.3%, XEL +0.1%, and the Tennessee Valley Authority.  [View news story]
    Power distribution is interconnected across the country so legislation on a State by State basis is not practical.
    Those that really believe in the CO2/ global warming thesis would significantly increase costs for everyone in the US with no assurance that this is a correct thesis and with no chance of making a difference in any case.
    Wait and see is the correct policy on this one.
    Jun 20 03:14 PM | Likes Like |Link to Comment
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