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  • EBay At 20: Showing Its Age  [View article]
    "Another issue I have with eBay is that a lot of their sellers list items at high prices that are easily obtained elsewhere for much lower prices."

    Hits the nail on the head. It is another huge issue that Donahoe's free listing policy means the Ebay site is cluttered with useless listings that are eternal; literally 5 years or longer without selling.

    There seems to be no end of the waste some people will create out of a freebee and no end to Ebay management's cluelessness about the business of e-commerce beyond short-sighted gimmicks to gouge small sellers to subsidize their often stupid ideas and to ramp up the next quarterly bonus.
    Sep 9, 2015. 10:21 AM | 3 Likes Like |Link to Comment
  • EBay At 20: Showing Its Age  [View article]
    No, the reduction in auction volume is not customer-driven so much as it is management-driven. By making things ever-more uncomfortable for it's mainstay of small sellers who individually may in turn purchase easily 100x the volume of Ebay's average buyer, Ebay management under John Donahoe drove these sellers away en masse and thus a spike in the heart of Ebay's unique free-market auction platform.

    Like JCP which accelerated it's fall to oblivion when it began to insult and cast aside it's core coupon-clipping customers to attempt to become some sort of upscale bazaar under former CEO Ron Johnson, Ebay now caters to the likes of Neiman Marcus who also compete heavily on their own sites rather than to the small sellers who built Ebay's former pre-eminence online. To say Ebay with it's second-rate execution must ape Amazon even more given it's deteriorating results gets things exactly backwards while ignoring the enormous and crucial role Ebay's policies of ejecting small sellers has played.
    Sep 8, 2015. 12:15 PM | 10 Likes Like |Link to Comment
  • eBay Marks 20 Years as Vibrant Global Marketplace, Introduces New App Experience to Discover Great Value and Unique Selection 
    Nice try. Pretty words are always available to the publicity staffs of floundering companies suffering at the hands of inept leadership to paint lipstick on their pig, of mediocre results.

    In the case of John Donahoe who destroyed Ebay's once truly vibrant marketplace of small sellers of unique items, inept isn't a strong enough description in an age of internet commerce which lives or dies on the kind of viral support he could have recruited in small sellers - for free! - the lack of which now sees Ebay well back in the pack of marketplace sites it once dominated as first mover. Donahoe rather can be considered delusional for engaging in a battle against his best customers who provided Ebay's unique advantage, in favor of a second-rate attempt to ape Amazon, for which the best comparison would be with Ron Johnson who ran JCP into the ground.
    Sep 8, 2015. 11:10 AM | Likes Like
  • Facebook Investors Deserve A 'Dislike' Button  [View article]
    "I would have thought that by now it is clear even to the most pessimistic minds
    when it comes to Facebook that using that analogy simply makes one look.......
    well, unintelligent."

    Which is a good sign of a market top, since intelligence must be demonstrated through a complete market cycle before it can be considered as such, and statements like these most tend to flow like water at turning points as multiples of the most frothy companies reach closer to infinity and beyond.
    Sep 6, 2015. 09:46 AM | 2 Likes Like |Link to Comment
  • Facebook Investors Deserve A 'Dislike' Button  [View article]
    Although I agree with the author, ads show up on my occasional visits to FB that are from other sites I visit and searches I have made, which is kind of creepy. But I will click on those occasionally and this technology seems far more effective and promising than the usual unfocused ads we all ignore and avoid 999.9% of the time.
    Sep 6, 2015. 09:39 AM | 2 Likes Like |Link to Comment
  • Exorbitant Privilege: 'The Dollar Is Our Currency, But Your Problem'  [View article]
    "...so the amount of gold vis a vis anything else is a consequence of physics."

    Perfect. This, plus the unique physical qualities of gold and associated precious metals makes them impossible for grasping slimy politicians and entitlement-seeking voters to tamper with.

    Which is exactly the point of the article: That the present fiat currencies which have been manipulated by banksters and the above-mentioned politicians to heap abuse on real producers and true market discovery to benefit looters for so long and to such an extent that since the 2008 Wall Street meltdown and the phony "recovery" which has been purchased by a tragically comical increase in debt "backed" by mostly non self-liquidating debt "assets," there will be no place to turn outside of gold as the existential crisis of fiat scrip reaches it's self-inflicted terminal phase.
    Sep 4, 2015. 07:33 AM | 7 Likes Like |Link to Comment
  • Irrational Credibility  [View article]
    "Normalize" will never happen absent financial markets clearing at less manipulated, i.e., much lower prices.

    Unfortunately, after all these decades of piling on ever greater layers of non self-liquidating debt and the vast malinvestment that has resulted, the carnage will be epic and far worse than it would have been without a central bank issuing US Treasury debt-backed fiat in the first place and all the contortions that have ensued to keep debt expansion always producing ever-larger bubbles to maintain the illusion of debt service that this bankster-centered financialist system our "leaders" have provided us with, requires.
    Sep 3, 2015. 08:30 AM | 1 Like Like |Link to Comment
  • 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