Seeking Alpha


Send Message
View as an RSS Feed
View Leftfield's Comments BY TICKER:
Latest  |  Highest rated
  • Which Bernanke Are We Getting at the Fed? [View article]
    He's a fine example of our leadership: Get through the next election. Don't rock the boat. Don't let the music stop. Look out for #1. Know which side your bread is buttered on. Kick the skunk further down the road.
    Aug 25, 2009. 10:10 AM | 5 Likes Like |Link to Comment
  • Wall Street's $4 Trillion Kitty [View article]
    To improve a situation one has to start somewhere. Why throw up our hands and say, it's human nature to err, what's a few or more $trillion between friends when you or I might be arrested for spitting on the sidewalk.
    Wall St. is a target-rich environment if there ever was one.
    Aug 25, 2009. 10:04 AM | 2 Likes Like |Link to Comment
  • What Lies Behind the CFTC's Revocation of Exemptions in Agriculture Position Limits? [View article]
    You nailed it. Thanks for looking into GS positions vs. agricultural commodities and how that, surprise, ties in with Gensler's selective policies. They're "fooling the world" which they and their lapdog media characterize as "saving" the world.
    Increasing food riots would be inconvenient. They need a continued docile public. There's much to be done.
    Aug 25, 2009. 09:32 AM | 4 Likes Like |Link to Comment
  • Fremont Michigan: A Case Study in Board Structure and Risk Control Oversight [View article]
    Thanks for the look at one company. Clearly mutual backscratching has reigned at the top in America for too long. Comfort for those who can make the rules has increased along societal problems and pathologies for the rest of us. Temptation has been too great to go along for the ride and without major and ongoing shakeups, we are now, or are fast becoming, a banana republic, a feudal serfdom.
    Rich and powerful beneficiaries of this corruption are trying to double up bets on this system that's rewarded them so richly. The general public is either trying to hang on to what they have or grab for government crumbs. Clearly shakeups and wakeups are needed if we are ever to clean house. These people would rather work in the dark.
    Aug 25, 2009. 09:07 AM | 1 Like Like |Link to Comment
  • The Good News About Bernanke [View article]
    "Bernanke has some opposition in Congress." That's the least I would expect given the events in the last few years. The quiet is eerie as incumbents were elected right after TARP and Obama can tout all's well and get away with it while our leaders try to pull off "recovery" by adding countless $trillions of taxpayer debt and obligations.
    Bernanke has done what his masters asked. Of course he's getting reappointed.
    Aug 25, 2009. 08:51 AM | 7 Likes Like |Link to Comment
  • The Federal Reserve Must Die, Part 3 [View article]
    From the start the Fed was instrumental in the worst mischief possible: It facilitated the European conflict of 1914 to become WWI and the sharp recession of the early 20's was related to the gyrations necessary to come to Britain's aid then, also.
    It has financed worst impulses and insanity we are capable of, always in the name of good. It has done it's work in the dark from the beginning and has driven the formerly strongest, most stable economy in history to the brink.
    I fear the funneling of $trillions, mostly unaudited, to cronies and failures, only strengthens those who will stop at nothing. Average Americans must see that the pain of following the present course of hyperbolic debt increase is impossible and that real change is necessary before we're sold out completely.
    Aug 24, 2009. 12:52 PM | 12 Likes Like |Link to Comment
  • Letter to Her Majesty: Suggestion for Low-Tech Apparatus for Economic Horizon-Scanning [View article]
    So, this panel of luminaries reported to the Queen that a "horizon scanning capability" should be devised. I would like a levitation capability to be devised. These experts should do better than that, what else is new?
    I may order Kindleberger. Did you ask Amazon to send a copy to the Queen or did you pay for it?
    Also, according to Taleb in "Black Swans," it is no surprise that economists have trouble coming to grips with crises rather than their more typical technical arcana and I am surprised you say the, um, profession, is becoming more confident. I can't see the justification.
    Enjoyed the article, thanks.
    Aug 24, 2009. 09:55 AM | 4 Likes Like |Link to Comment
  • State and Local Governments Increase Jobs: Even the Experts Are Shocked [View article]
    Michael Clark: I would suggest that our bloated government has only protected itself, as this article shows. You correctly say that outsourcing won't change until "we" punish it and reward domestic private jobs. That is exhibit A of futility of supersized government: They make the rules that we live under now that reward outsourcing and punish jobs here. What good has that been, with all the overhead, taxes and useless rules they constantly make for us to live under?
    Government is busy adding to their payrolls and bailing private failures as fast as possible to further entrench themselves and their cronies. WPA at least had the decency to "create" often useless (not always) jobs, but now they've learned to add permanent overhead and burdens to the taxpayer. Somehow the tooth fairy always comes through for them.
    Aug 24, 2009. 09:26 AM | 8 Likes Like |Link to Comment
  • Did Bernanke Save the World? [View article]
    Bernanke is either grossly incompetent or lying, There is no middle ground. Unfortunately for us, the first step to recovery is to admit the truth.
    Aug 24, 2009. 09:04 AM | 11 Likes Like |Link to Comment
  • Death of the Consumer [View article]
    Two very telling charts provided here are consumer credit outstanding and e-commerce. Both are quite dramatic and support "this time it's different." Which is rarely correct, but I believe at the lower decks of the Titanic, where there is flooding rather than a merely inconvenient tilting of the decks, a new reality is being encountered, perhaps not accepted yet, by many.
    Bloated government as well as a grossly metastasized Wall St. were enabled by the ultimately Fed-fueled years of excess. Factoring in the dependants and jobs associated with these now-huge non-productive sectors reveals the enormity of the changes required.
    Wall St. and DC, as "authorities" in the old system, covered by MSM, have been able to get away with utterly stupid policies and daylight bailout robberies because the failed entities are huge and the effects of their failure would also be huge. Until the futility of this becomes more clear to many, we continue to dig our hole of useless debt deeper.
    Aug 24, 2009. 08:50 AM | 9 Likes Like |Link to Comment
  • China's 'Problem': Too Much Money [View article]
    Defenses of US policies and problems over China's tend to include most everything that's occurred during our long decline with a strong seasoning of false statistics. The long decline in lower 90% incomes, the soaring debts during "prosperity," the parallel increases in government and decline of manufacturing are only parts of the picture that are explained as somehow part of progress with cooked statistics to back them up.
    Even after all this plundering and stupidity, rational policies could possibly save us, albeit with wrenching changes. Millions would have to find honest work. But, throwing $trillions at Wall St. instead of using it for a safety net and creating far larger Federal deficits for mostly waste with more in the pipeline will surely fail to save us.
    Even now, ending most US military occupations around the world would would free up to a $trillion/year. Yet we still listen to apologists for our present, dangerous, failed policies.
    Aug 23, 2009. 08:43 PM | 9 Likes Like |Link to Comment
  • The Anticipated Prime Mortgage Problem Has Arrived [View article]
    A reminder that the top tier, our leaders, have received record shares of national wealth and income which has been rising for decades. Over and over we see their failures to foresee and do anything helpful to earn this amazing haul except that they outsourced and downsized American's livlihoods and grabbed first and multi-$trillion bailouts.
    We're frozen in denial, hoping for it to all go away. The stock market isn't positioned for the kind of bad news these mortgage figures show. It seems with the kinds of shocks and adjustments we're in for, reversion not just to, but far beyone the mean is quite possible.
    Aug 23, 2009. 08:57 AM | 7 Likes Like |Link to Comment
  • Constitutional Problems with Healthcare Reform? [View article]
    Doesn't the disastrously insolvent Massachussets plan include such a mandate? Maybe they don't have to abide by the Constitution. Perhaps it's now like requiring car insurance for the privilege of driving. For the privilege of breathing you must buy government health insurance.
    Politicians yak on about mandating this or that. They add bells, whistles, the price and complexities leave earthbound people behind. A government catastrophic, high-deductible deal could work if the politicians could then leave it alone. None of which is actually possible.
    Aug 23, 2009. 08:46 AM | 4 Likes Like |Link to Comment
  • Forget 'Cash for Clunkers': Try 'Dough for Dumps' [View article]
    We've all been reading for years the decay of our infrastructure. The same parrots who consider every government-expanding proposal such as Obama/Hillarycare as the only "intelligent" solution never see waste in any of this surreal crap. No matter the stupidity of the spending, rock on!
    At least major infrastructure spending could have done something useful and created real jobs. Those who consider themselves our betters who can spend someone else's money more legitimately could have had a shred of credibility. Fasten your crash helmets!
    Aug 23, 2009. 08:40 AM | 13 Likes Like |Link to Comment
  • 10-Year Deficit Estimate Expected to Explode [View article]
    Yes, remember the projections ten years ago. I believe we were supposed to be in hundred of $billions of yearly surplus by now. Even our suits, the most shameless but apparently resourceful in the world, who are spinning mark-to-magic financial sector "profits" right now, won't always be able to rise to the occasion as tax receipts, bankruptcies, and defaults head in the wrong directions. Where will they find their bonuses?
    Aug 23, 2009. 08:24 AM | 6 Likes Like |Link to Comment