Seeking Alpha

Leftfield

Leftfield
Send Message
View as an RSS Feed
View Leftfield's Comments BY TICKER:
Latest comments  |  Highest rated
  • The Drop In How Many U.S. Stocks Equaled 1 Greek Economy? [View article]
    How many Lehman Brothers would it take to equal the Greek economy? Yet, that's all it took to topple the hyper-leveraged Wall Street ponzi in 2008 when interest rates were close to normal and debt in the system was far lower.

    Imagine the carnage which can be triggered by a plethora of possible sources of collapse after 7 years of worldwide pedal to the metal debt expansion malpractice designed to conjure growth out of the same status quo arrangements and elites who should have actually taken losses in 2008, which have left Main Street holding the bag, the tab and out in the cold.
    Jun 30, 2015. 01:06 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Greek Crisis Batters Markets Worldwide [View article]
    Looks like flocks of chickens are coming home to roost: The teaser rates are finally expiring on garbage financial paper issued to finance gross and wanton government (and business) waste by elites and vote-buying politicians.

    Lenders should not expect to get much of this money back.
    Jun 29, 2015. 07:28 AM | 17 Likes Like |Link to Comment
  • And So It Begins - Greek Banks Get Shut Down For A Week And A 'Grexit' Is Now Probable [View article]
    Thankyou for the rare reminder about Iceland's successful exit from bankster control. Massive expansion of gross and wanton waste of falsely-priced teaser rate debt placed on the backs of taxpayers and future generations has been the modus operendi of status quo elites and there is no honor in continuing the farce.

    Yes, governments everywhere are just too damn large with far too many vote-buying entitlements but lenders who were stupid enough to finance such waste should only expect to get back some of their money - if they are lucky.
    Jun 29, 2015. 07:19 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Greek Creditors Give Tsipras Ultimatum [View article]
    "The big problem for the UK is that it is getting to be very expensive to be an EU member."

    After a long era of ever-larger organizations, the bill is coming due as the ponzi schemes that financed them are running out of greater fools to buy financial paper that has long since ceased to reflect true price discovery. Thus benefits that have been available via larger balance sheets that are now bloated with peak debt can no longer be maintained as free or worthwhile outside a narrowing circle of beneficiaries and small, nimble and accountable organizations and decentralization may become the next trend as the impossible bills for bloat and vastness become increasingly obvious.
    Jun 25, 2015. 09:17 AM | 3 Likes Like |Link to Comment
  • Taylor Swift > Apple [View article]
    And polkas and waltzes and Gregorian chants.....
    Jun 23, 2015. 07:42 AM | Likes Like |Link to Comment
  • Taylor Swift > Apple [View article]
    Here come the Patriots haters.

    Get over it - Coach Belichik and Tom Brady are the most successful drivers of winning football in history and that really bothers some people.
    Jun 23, 2015. 07:39 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Eurozone Economy Weathers Greek Storm [View article]
    "Try doing that with car or house payments. Give me another month. Hey, come on, give me another two months. I'll pay you next Friday. No, make it Monday. No, give me another two months to work things out. OK, Next week for sure. Wait, give me another month. OK, next Monday. Well, make that Friday. Well, we are this far, give me another two months."

    Actually it's much worse than that. Greece is trying to make "payments" so they can receive more cut-rate loans and owe even higher payments down the road. Especially when the ability of CB's to impose ZIRP rates and avoid market price discovery on the $trillions of ridiculous debt issued to keep the ridiculous status quo intact, evaporates.
    Jun 23, 2015. 07:34 AM | 12 Likes Like |Link to Comment
  • Taylor Swift > Apple [View article]
    "Tim Cook rode Jobs' product development coatails. Him and Ive and the rest have to fill his shoes."

    Excellent and well reasoned points in Steven Aniston's comments here. This and earlier Cook-era gaffes are pointing to the inevitable demise in American corporations in this era of any principle other than the most neanderthal expression of self-interest and above all, leaving no money on the table for anyone else wherever possible. This always happens, post-founder, and whoever follows Tim Cook will demonstrate even more adherence to the rapaciousness of a grabby BOD while staging only the most inauthentic charades of deference to Steve Jobs.
    Jun 22, 2015. 01:16 PM | 2 Likes Like |Link to Comment
  • The Endgame For Greece And Europe? [View article]
    "We all get that they don't like that and wish it weren't true, and wish they could continue to live as they have been living, or better, off the wealth of foreigners."

    There you go again, mixing in a little truth with comments that ultimately promote the really big lie of our times: That all debts and derivatives written by TBTF bankers to any and everyone no matter how derelict and no matter how unprofessional and reckless the lending standards, must ultimately be borne by taxpayers and their future generations wherever they can be found to ensure no TBTF banker ever takes a "systemically important" loss.

    The article struck a rather reasonable tone and touched a lot of points, including the reality that, yes, Greece is a terrible example of the waste of resources that goes into a bloated state and it's crony interests, but this ponzi is exactly what the bloated crony TBTF and CB banking system is throwing $trillions of good money after bad into and they cannot credibly escape blameless.
    Jun 18, 2015. 10:51 AM | Likes Like |Link to Comment
  • Bloomberg: eBay hoping to sell Enterprise unit before split [View news story]
    Ebay management will try anything to isolate the carcass of the Ebay marketplace which has fallen hard thanks to years of CEO John Donahoe's disastrous anti small seller policies.

    This was completely unnecessary but S&P 1000 C suites have been given absolute license to do anything they want, perfume it and sell it at the Wall Street casino where the tailwind of ZIRP financed bubble wealth-effect valuations virtually guarantees lush success to all, even a business disaster like the Ebay marketplace whose premise is so basic, collecting fees from 3rd-party sellers online, it should be the simplest and easiest path to riches possible with the first mover advantages Ebay once had.
    Jun 16, 2015. 03:03 PM | 3 Likes Like |Link to Comment
  • My Thoughts On Dick Costolo's Resignation From Twitter [View article]
    Not sure how attempts to gang tackle a contributor due to his age reflects anything but a shortage of ideas and good standards of conduct.

    Alex Pitti is worth following because his ideas are provocative, worthy of consideration and mature. And, older readers can likely profit from the well-considered insights of a writer who may offer ideas, potential opportunities and fresh angles specifically because he can offer the well-considered viewpoint of someone who grew up amidst technology and developments with possibilities that can easily escape older investors.
    Jun 15, 2015. 08:02 AM | 2 Likes Like |Link to Comment
  • Ultimatum: Greece Given 24 Hours To Comply [View article]
    Monumental and metastasizing bad debts worldwide have to be extinguished if there is ever to be a recognizable recovery in the West again. For now, keeping the banksters posh and plump with no serious losses regardless their irresponsible lending and leverage has given the 1% a complete de facto control over Western politicians they have not enjoyed since the times feudalism prevailed.

    Which is exactly the probable outcome the formerly predominantly middle class "democracies" are now facing since the predations of a class of people who have no values other than personal self-aggrandizement, know no limits and thus they are pressing the recent advantages handed to them by clueless and corrupt Western politicians who handed them the keys to their sovereign taxpayer balance sheets to permit them to avoid taking necessary losses for their monstrous imprudence, as far as they are able.
    Jun 12, 2015. 11:33 AM | 3 Likes Like |Link to Comment
  • Down Almost 30%, Whole Foods Still Looks Expensive [View article]
    "At many locations I wouldn't be surprised if their prepared foods section accounts for a large percentage of profit."

    Most major grocery stores in my area have excellent and increasingly elaborate deli sections. These have not gone unnoticed as a profit opportunity by many players in the grocery business besides WFM, so competition there, just as in all aspects of WFM's business, is fierce and increasing.
    Jun 12, 2015. 10:32 AM | Likes Like |Link to Comment
  • Greek Court Suspends Gravity [View article]
    "The Greek pensioners, like pensioners the world over, simply want what they were legally promised by their government."

    Uh, sorry, no. As the article says, "you might as well suspend gravity" as keep up impossible pension promises that were phony schemes to buy votes now, placed on the backs of private productive citizens to be paid later.

    "Later" is now arriving and the dishonest ponzi schemes of government are coming home to roost, most obviously in Greece....for the moment. Monstrous bad debt and the stupid and dishonest promises it "backs" worldwide needs to be extinguished, not extended and pretended, before productive private entrepreneurs can have any hope of rekindling recognizable economic growth once again.

    The Western world is at the peak debt stage of it's multigenerational ponzi schemes and if the monumental and still-expanding bad debts and promises are to be "redeemed," Greece will have to do it in worthless drachmas, and others will have to devalue their own fiat scrip accordingly as well.
    Jun 12, 2015. 07:29 AM | 7 Likes Like |Link to Comment
  • Yahoo's Alibaba Failure [View article]
    Yahoo's metrics are mediocre since Mayer took over as CEO and it's stock price has been only a market performer despite the huge tailwind of Yahoo's sale of it's Alibaba stake yet her vast compensation is richly aided by the usual C-suite Wall Street yardstick that reflect the standards at Lake Wobegone: These people are ALL above the average of their peers.

    Excessive pay can be considered inversely correlated to understanding customers on Main Street, common sense in the real world and even ethics, since awarding that much money as an entitlement however detached from reality attracts a disproportionate share of the sharks who have successfully hijacked the American and world economies to financialize the interests of the 1% as never before.
    Jun 11, 2015. 10:25 AM | 1 Like Like |Link to Comment
COMMENTS STATS
3,938 Comments
16,646 Likes