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  • It Was Never An Option [View article]
    "Going back was never a sustainable option," and, "voodoo demand" is all the CB's have managed to conjure via their relentless suppression market price discovery to inflate the unsustainable that is far vaster today than it was at the last Wall Street implosion.

    These are two more more truisms by this author that accurately and concisely penetrate the fogbank of official excuses designed to deflect understanding of the impending failure of their policies of debt saturation with no limits.
    Sep 1, 2015. 09:28 AM | 1 Like Like |Link to Comment
  • Tesla: You Are Funding Elon Musk's Iron Man Lifestyle [View article]
    No money lost shorting Tesla.

    Plenty lost due to unreturned Ebay items that were charged back without being returned and I am providing an example of how even the all-seeing, all-knowing and all-caring Elon Musk can walk away $billions richer regardless the consequences to customers and other investors.

    Hope that your investment skills prove more adept than your psychological analysis through a complete market cycle that doesn't depend so completely on drawing in the next greater fool.
    Aug 19, 2015. 12:24 PM | 6 Likes Like |Link to Comment
  • Tesla: You Are Funding Elon Musk's Iron Man Lifestyle [View article]
    On a personal note, for all those whose stock has gone up and who therefore worship at the Church of Elon Musk and vouch so heatedly for his character, Paypal was also so full of holes while he was involved with it that Ebay "buyers" knew they could purchase an item and obtain a chargeback from the seller without returning the item. I had to repossess an expensive Ebay item on the day of my father's funeral because it was fairly nearby in the same out-of-state area.

    Musk's assessment after he sold the company went to the effect that, "aw shucks, we didn't know anything about chargebacks when we were starting this company." He is now playing a dangerous Wall Street game with a large margin-financed bloc of massively over-hyped Tesla stock that will exacerbate it's downturns. And no, he doesn't walk on water or care about you.
    Aug 19, 2015. 10:57 AM | 12 Likes Like |Link to Comment
  • Wall Street Breakfast: China Stock Plunge Weighs On World Markets [View article]
    James Carlini - I mentioned, "hotel lounges like the ones on the movie Casablanca,", not IN Casablanca.
    Aug 18, 2015. 08:04 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: China Stock Plunge Weighs On World Markets [View article]
    "Clearly shows that these people have zero idea what they are talking about..."

    Most people think like sheep, so that may be mostly true but it's worse than that: We (the 99%) are deliberately fed misinformation which is designed to get us in at the top and to sell at the bottom, and to blindly accept government, Federal Reserve and mega-corporate policies that are not intended for our independence or prosperity.

    Quite the contrary, and vigilance, always necessary, seems more so than ever now.
    Aug 18, 2015. 07:49 AM | 10 Likes Like |Link to Comment
  • Wall Street Breakfast: China Stock Plunge Weighs On World Markets [View article]
    JC - Why don't you tell us what's REALLY on your mind? Nice rants, right on target.

    We will be hearing some really great music from Cuba also - Radio Havana on shortwave sometimes plays a sophisticated jazz with a Latin influence that sounds like it is going on at hotel lounges like the ones on the movie Casablanca, that is unforgettable.
    Aug 18, 2015. 07:35 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Greek Parliament Approves Bailout Deal [View article]
    Quarterly trend of economic "growth" in the age of ZIRP and endlessly mounting government regulations, entitlements and bureaucracy: Almost next to nothing, then, really almost next to nothing followed by, next to nothing....

    Don't expect boom times to follow.
    Aug 14, 2015. 09:59 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Greek Parliament Approves Bailout Deal [View article]
    "I drive a 2005 Mustang, try to find a 2005 M3 or M5 on the road in Los Angeles."

    This relates to earlier comments about the difficulty of working on German cars. Because they are needlessly complex and obtuse with very expensive parts, potential owners who are looking for used cars on limited budgets cannot afford to maintain older German cars, so those tend to go to scrap as soon as a major repair cannot be avoided.
    Aug 14, 2015. 09:45 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Greek Parliament Approves Bailout Deal [View article]
    "Goldman Sacks, I did not know that they were an actual bank, with deposits that are protect via the FDIC?"

    Yes, this little milestone was achieved during the 2008 Wall Street meltdown where GE, GS and a variety of Wall Street and multinational coporate TBTF's were quickly labeled "banks" to facilitate their bailouts. Besides FDIC-protected deposits, their bonds are also FDIC-protected under TLGP or Temporary Liquidity Guarantee Program, which gave them the ability to raise cash (issue bonds) far more cheaply due to the taxpayer guarantee.

    It's like they qualified for insurance when their house was already on fire, which is business as usual for Wall Street, TBTF multinational corporations vs the US taxpayer.
    Aug 14, 2015. 08:31 AM | 20 Likes Like |Link to Comment
  • Cord-Cutting Eating Into Disney's Operating Income [View article]
    ..."the economy is doing well and it's silly to worry about the next recession,"

    Well actually if one believes the blather we are spoon fed by media, we have been in a jobless "recovery" for a very long time now. Disney runs an amazing business, but their theme parks are another major element in their portfolio that will be hard hit when recession really strikes. Which MSM teleprompter readers will have an opportunity to inform us of fairly soon, historically speaking.

    Disney should be a great stock to pick up much lower within a year or two for the next ride higher some years from now.
    Aug 7, 2015. 10:44 AM | 2 Likes Like |Link to Comment
  • Where Did The GDP 'Growth' Go? Not Into Wages [View article]
    Yes, much of the missing $trillions can be said to have gone to profits heavily aided by financial engineering, strongly aided by the largest debt bubble in history derived from the most extravagant policy of CB negative redistribution ever devised.

    This will be seen for the ages as the flagrant destruction of the Western middle class that it is, except if the elites manage to continue their corrupt grip on a certain part of the anatomies of politicians, academics and MSM whom they are increasingly able to bribe or destroy at will to bend their reality to maintain the status quo whose "wealth effect" has never before been so rewarding at the top.
    Aug 6, 2015. 12:51 PM | 1 Like Like |Link to Comment
  • The Great Tragedy? [View article]
    "The world's central banks have conspired to create "aggregate demand" out of negative redistribution, but then wonder why they got almost none of it."

    A priceless summation that nails it.

    And this next sentence gives some solace for enduring these years of relentless media pounding about "green shoots" and "recovery" sans jobs or recovery:

    "There are, of course, the usual positive numbers here and there, but nothing so much as actual and useful recovery."

    In this era where the likes of Uber has $51 billion to play with and mostly squander, not to mention Amazon, Tesla and Netflix "valuations" and the ghost cities of China testifying to the insanity of the results of the most prolific negative redistribution ever conceived or attempted worldwide, voices of sanity are few but assuredly they will be joined by a stampede when the rush to the exits commences.
    Aug 6, 2015. 08:28 AM | 5 Likes Like |Link to Comment
  • A Bear Market Does Not A Crisis Make [View article]
    Bear markets become something to fear when debt levels and leverage shoot to the moon due to an artificial worldwide policy of preventing true market price discovery to control the downside of previous decades of lesser such efforts as are described in the article.

    If the economy feels good on CB debt servitude drugs but is administered an ever-increasing amount to try to forestall the much greater agony of cold turkey or unplanned disastrous consequences after lengthy and mounting malinvestment, the results cannot help but be far worse than any downside of a normal business cycle. There is reason to expect a potential meltdown that goes far beyond economic, deep into very longstanding social relationships, norms and expectations thanks to our benighted incumbent elites and their stooges in leadership positions who nonetheless show no willingness whatsoever to relinquish any power, control or looted wealth no matter how wrong events may prove them.
    Aug 5, 2015. 10:12 PM | 2 Likes Like |Link to Comment
  • Sell eBay, Buy PayPal [View article]
    "And far more companies have learned they can go it alone with internet sales, using search engine optimization (SEO) techniques as well as social media to drive traffic directly to their ecommerce sites, bypassing on-line storefronts entirely."

    So why ignore the epic incompetence and hubris of John Donahoe for his disastrous policies aimed at destroying small sellers on the Ebay site when large businesses can clearly develop their own solutions? He made loud efforts to court and publicize success at attracting big merchants to Ebay, which is not Ebay's competitive advantage.

    The rise of Amazon and Alibaba relative to the long slide of Ebay was due to some mysterious forces outside of Ebay or even necessary, but was due to a level of error and wanton ineptness on Donahoe's part that was only eclipsed by the market-inappropriate insanity former CEO Ron Johnson visited on JCPenney because Johnson's efforts failed so visibly and quickly. And JCP owned no Paypal to bail him out.
    Aug 3, 2015. 09:30 AM | Likes Like |Link to Comment
  • The Very Real, High And Ongoing Costs Of Eurodollar Decay [View article]
    "That is perhaps the worst part of all this, namely that "inflation" during the height of the eurodollar standard seemed to confirm the genius of central banking."

    "Like we see here and everywhere else, central banks were never really directly responsible for the Great Moderation apart from shirking their primary duty to stop it; they instead embraced it as if it were consistent with the various stability mandates when it was nothing but artificial, financial fill that was later revealed as a highly imbalanced and now unstoppable in retreat."

    Whatever our level of understanding of the Eurodollar standard, these articles are filled with gems such as the above quotes which give a sense of what policymakers worldwide have been about for decades, namely, the artificiality of the financilalist system and machinations of it's vast assorted hangers-on that have unfortunately enveloped our economies and lives during which they could take credit for appearances of stability and growth that are proving ludicrously false even as their lapdog media, academics and politicians throw every last available scrip borrowed against their societies' balance sheets to preserve their cherished status quo. Now we are at the stage at which they cannot prevail against the reality of market price discovery even in China at the point of a gun any more than we can levitate by pulling upward on our shoelaces.
    Aug 3, 2015. 09:05 AM | Likes Like |Link to Comment