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  • Predictions For November - Part I [View article]
    I enjoyed your article and comments.

    The % of GDP of govt. in USA has risen from 7% to over 40%. This means capital is shifted from investment in production and innovation to wages for govt. workers, entitlements, welfare, Obamacare, aircraft carriers, foreign adventures, etc.

    What Krugman and his ilk don't know is that wealth comes from 1. production (e.g. oil gas, farming, etc.) 2. innovation (e.g. Apple, Google, etc.) that can increase productivity.
    Capital is the wealth that is left after the taxes are taken out of it.

    Fracking was an innovation that led to increased production, and this is 1. creating wealth and jobs 2. increasing oil and gas production 3. lowering prices for oil as our production becomes larger.

    Commenters above who are bleating about politics into any discussion are typical of their ilk, they'd love to censor you and me if they could.
    Nov 4, 2014. 09:23 AM | 9 Likes Like |Link to Comment
  • Peak What? Dancing With The Devil [View article]
    The USA is sitting on an ocean of natural gas, and our cars and trucks can all run on it. 120 octane out of the ground, no refining needed, it can't spill and won't slime a pelican.

    I can remember the Arab oil embargo. They took revenge on the West for supplying arms to the Israelis. This damaged the world's economy, especially in the developing countries.

    I am happy that we are going to become self sufficient and won't need to send our billions to despots and dictators around the world who hate us.
    Nov 3, 2014. 11:45 PM | 14 Likes Like |Link to Comment
  • Tesla Motors - Summative And Algorithmic Evaluation [View article]
    I wouldn't touch Tesla with a long pole.

    Batteries are a bad way to move a heavy car around. Hybrids or Volt (engine to extend range, manage battery temperatures) are more popular and practical.

    Tesla is a political statement and too expensive and impractical for most people who don't live in California.
    Nov 3, 2014. 09:02 AM | 10 Likes Like |Link to Comment
  • A Once In A Generation Change For Stocks [View article]
    Yellen can say all kinds of things, but she cannot make losers save and winners throw away their money.

    After a few years living in the real world, I saw over and again who has money and who never can seem to keep any money, even if they work.

    Nothing the Federal Reserve can do will help those who cannot figure out how to manage their lives.

    The correct role of the Federal Reserve is to combat inflation as Paul Volker did by raising interest rates. It's proven that low interest rates won't stimulate the economy.

    They never could. Wealth is created by 1. production 2. innovation that may increase productivity. Capital is excess wealth created by 1&2 left after taxes are sucked out from it.
    Oct 30, 2014. 04:17 PM | 1 Like Like |Link to Comment
  • Why Do Banks Want Our Deposits? Hint: It's Not To Make Loans [View article]
    Somehow this article reminded me of a Beverly Hillbillies episode.
    Granny likes another banker and wants to take her money out from one and deposit in the other.
    She shows up at Mr. Drysdale's office with a big paper bag. Granny: "Put my $11 million dollars in here." Drysdale: "We don't have that much money in here Granny!"
    Granny:"See Jed! I told you he done spent our money!"
    Jed: "So, Mr. Drysdale, how much of our $45 million do you still have in this here bank?"
    Drysdale tries to explain they "have the money" but they "don't have the cash in the bank." and of course this makes it sound worse.
    Oct 28, 2014. 11:48 AM | 3 Likes Like |Link to Comment
  • Why Do Banks Want Our Deposits? Hint: It's Not To Make Loans [View article]
    I say there is some baloney in this article. Whether you like banks or not is irrelevant.

    Banks provide a necessary function, they're like letters of credit or escrow. Without them, economic activity would be more difficult. The real problem in the great depression was there were so few functioning banks for a long time.

    If you want to borrow money to buy a car, you can 1. get a loan 2. ask your friends to gather their cash and lend you the money. What will happen? If you do #2, you won't buy the car.

    Of course, it's annoying to some people that banks can skim the cream, collect your deposits and pay you nothing while lending it out to others for a profit.
    Oct 27, 2014. 08:42 PM | Likes Like |Link to Comment
  • Part Of's Core Is Dying [View article]
    I agree. I saw Amazon getting into grocery service and I laughed to myself "Webvan deja vu all over again." How many gazillions did Webvan lose?

    Safeway already delivers groceries anyway if you need this service.

    What is the possible profit from this anyway?

    Bezos is a megalomaniac and likes wasting other people's money.
    Oct 26, 2014. 12:38 PM | 1 Like Like |Link to Comment
  • Part Of's Core Is Dying [View article]
    I enjoyed the article. Amazon is a bubble and maybe a trader likes it, but an investor should watch out.

    An old friend of mine has an MBA and a pretty high position at Amazon in Asia. The other day chatting with me she said "I need to think about my finances sometime." This means, she has not saved any money for her future.

    I think she epitomizes perfectly Amazon: she's got a job and income, so why wonder if she actually saves any money? That's boring and she is just too busy with her job and her social life to wonder if she actually makes any money (net) from working.

    I dislike Amazon entirely as an investment, but my mutual funds probably own it.
    Oct 25, 2014. 05:22 PM | 2 Likes Like |Link to Comment
  • 8 Major Reasons Why The Current Low Oil Price Is Not Here To Stay [View article]
    More grist for the mill: natural gas can run all of the cars, trucks, buses and trains in the U.S.A. and elsewhere. The U.S.A. is sitting on top of oceans of it.

    It's also 120 octane out of the ground, needs no refining and can't spill or slime a pelican. The chemical structure means burning it produces 25% less CO2 also (if that matters to you).
    Oct 25, 2014. 05:14 PM | 1 Like Like |Link to Comment
  • 8 Major Reasons Why The Current Low Oil Price Is Not Here To Stay [View article]
    I enjoyed the article.
    I wonder if the readers recall in 1998 oil was $11?

    Having lived in a "developing country" for a few years, I know that they'll sell their resources for whatever they can get; OPEC will fail.

    If I were to choose specific companies to invest in, I would go with RIG, Halliburton, etc. and similar, since petroleum extraction services will not lose any demand, rather it should increase.

    That jerk Alaweed thinks he can influence world events with his comments; hey prince, it's entirely outside of your control. Venezuela is broke and desperate, they're gonna open the taps if oil drops to $50 it won't stop them. Other places may be in a similar pickle.
    Oct 25, 2014. 10:28 AM | 1 Like Like |Link to Comment
  • Update On Crude Prices [View article]
    Do you guys remember that in 1998 oil was $11 per barrel?

    What happens when we run more cars and trucks on natural gas? It's 120 octane right out of the ground.
    Oct 23, 2014. 10:14 AM | 2 Likes Like |Link to Comment
  • Tesla: Why So Bearish? [View article]
    Tesla is corporate welfare disguised as a business. Musk is a showman. Let's get down to brass tacks.
    1. Hybrids or cars like Volt and BMW i8 are more convenient and more popular. They have engines to back up battery power.
    2. Batteries are not a good source of power for moving cars around. Turn on the AC full blast and see your range shrink, likewise turn on the heat. Battery only cars may work in ideal climates like California but elsewhere are a pain.
    3. Tesla has many competitors for a slowly growing car market. Competing with BMW, Toyota, GM, Ford etc. is going to be a struggle. 93 million Americans out of the work force aren't buying new cars.
    Oct 22, 2014. 08:18 PM | Likes Like |Link to Comment
  • Falling Oil Prices Are The Last Straw That Breaks Offshore Drillers' Backs [View article]
    I don't know how the stocks mentioned in this article will perform in the near term. But if they are well managed businesses, there shouldn't be a problem with them.

    I recall in 1998 oil was just $11/bbl.

    When I see bicycles clogging the roads and parking lots instead of cars, I'll worry about oil industry stocks.
    Oct 14, 2014. 09:29 PM | 6 Likes Like |Link to Comment
  • Why The Market Topped Out [View article]
    The Federal Reserve keeping interest rates low does not directly affect or stimulate the economy. The proof is slow GDP growth since 2007.

    The Federal Reserve can slow *inflation* by raising interest rates as Paul Volker did years ago.

    The worldwide economy is still in a mild depression which is caused by credit bubbles popping, it's happened before in history. We don't see bread lines because 50 million are getting food stamps and millions of others get social security disability, there are 93 million out of the workforce.

    What does this mean for stock investors? Almost nothing because low interest rates=buy stocks. Another reason is you buy stocks based on your goals not on what "the market is doing" at any given time.
    Oct 10, 2014. 03:32 PM | 4 Likes Like |Link to Comment
  • Apple: The $200 Billion Question [View article]
    I'm an Apple fanboy and shareholder, it's the one stock I own outside of mutual funds. I've liked the computers since the Mac.
    I think the Apple brand is very powerful now, and they have the public's confidence. Only an Apple Genius can help you in person with a problem (try it with your android tablet from Walmart) and this appeals to many technophobes.
    I own several Macs but I prefer Android on my phone, it's just my preference. I have used both and the Apple phone hardware is gorgeous, I have an iPhone 5 that's a peach to hold. I also have an Android tablet, but I set up my father's iPad air which is a beautiful gadget. He would only use a non-Apple product if I chose it and set him up with it.
    The fingerprint sensor will have uses soon that translate to more Apple profits. It will be the perfect password killer. Someday you won't carry a wallet and Apple will skim 1%+ of a lot of commerce, and it will go to their bottom line.
    Apple is slowing down because the worldwide economy has been slowing since 2008, but it has a very bright future.
    Oct 9, 2014. 11:13 AM | 2 Likes Like |Link to Comment