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WMARKW

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  • Why Gold-Related Investments Are Slowly Becoming Worthless [View article]
    Porgie.....Honestly....I think I remember a Sly Stallone movie with that Taco Bell thing....no original thoughts here.
    Jan 14, 2012. 08:57 PM | 2 Likes Like |Link to Comment
  • Who Will Benefit: Banks Or Housing? [View article]
    I don't believe they are stupid morons. There are probably ways to get indemnified by the sellers, but you can rest assured with MERS database in the background.....it's highly likely they can't get clear title.
    Jan 14, 2012. 09:52 AM | 2 Likes Like |Link to Comment
  • Why Gold-Related Investments Are Slowly Becoming Worthless [View article]
    Mr. Dark....sounds like you need to expand your thinking abit.

    Fact #1? Are you saying there is not enough gold in to world to back currency dollar for dollar at to days gold prices. What if there was 1 ounce for every $10,000 or one for every $100,000. Would there be enough then. The Swiss are only 10% backed. Is this too hard to understand?
    Fact #2? If currency were backed buy gold and it were interchangable, why would people hoard. They would only hoard if they thought gold was more valuable than currency. But if they could change out of or into any day of the week at their discretion.....there would be NO hoarding.

    Fact #3. There were no regulators from 1792 to 1913. Miners brought their gold to the mint and the mint made coins. Then the mint gave the gold back to the miner. What regulation is required?
    Jan 14, 2012. 09:42 AM | 7 Likes Like |Link to Comment
  • Why Gold-Related Investments Are Slowly Becoming Worthless [View article]
    Who me? I sold all my PM's and donated the proceeds to charity.
    Jan 14, 2012. 09:34 AM | 1 Like Like |Link to Comment
  • Additional S&P ratings cuts: Italy, Spain, Portugal, and Cyprus are slashed by 2 notches. Austria, Malta, Slovakia, and Slovenia are cut one notch. Having their ratings affirmed: Germany, Belgium, Finland, Ireland, the Netherlands, Luxembourg, and Estonia. (earlier)  [View news story]
    suomimama....how is that any different than the EU determining that a company must implement ISO standards and CE marking in order to sell its products in the EU, and then they offer to provide the certification support and annual reviews for a fee?
    Jan 14, 2012. 02:43 AM | 1 Like Like |Link to Comment
  • Additional S&P ratings cuts: Italy, Spain, Portugal, and Cyprus are slashed by 2 notches. Austria, Malta, Slovakia, and Slovenia are cut one notch. Having their ratings affirmed: Germany, Belgium, Finland, Ireland, the Netherlands, Luxembourg, and Estonia. (earlier)  [View news story]
    Dr. V:
    Once the crises are used to attempt to create the world currency, then 20 years later, just like the EU, they will use the crises to attempt to create the "necessary political union".
    Jan 14, 2012. 02:40 AM | 2 Likes Like |Link to Comment
  • Who Will Benefit: Banks Or Housing? [View article]
    Good luck to Carrington getting clear title to what they buy.
    Jan 14, 2012. 02:26 AM | 1 Like Like |Link to Comment
  • The Fed's Undistinguished Macro Discussions [View article]
    The cynical part of me sees more responsibility at the Fed than most would probably attribute. For example whey did Greenspan raise interest rates 5 times in succession to (in my opinion) trigger the housing crisis?

    The MMT part of me thinks the Congress has a bigger role to play in the fiscal stimulus arena. Bernanke said as much in Jackson Hole last year.

    That being said, I think the banksters are a bunch of crooks and the Central Banks (of which I consider the Fed to be one) are the protectors of the brotherhood to the detriment of society in general.
    Jan 14, 2012. 01:53 AM | Likes Like |Link to Comment
  • McDonald's: Fundamentally Overpriced [View article]
    I am in Shanghai right now. In the building where we have our offices, on the bottom floor is a MCD with seating capacity for about 300. It is totally packed at lunch. Oh...an there is one just like it kitty-corner across the street. I don't know what their China growth stats are, but my suspicion is that there is a ton of opportunity her in China.
    Jan 14, 2012. 01:48 AM | 2 Likes Like |Link to Comment
  • Goldman Sachs joins experts suggesting the price of oil may soar in 2012, not primarily due to trouble with Iran but because OPEC may be unable to make up for a shortfall in supply. “With Saudi producing close to 10M barrels a day, OPEC will be operating with a very thin layer of spare capacity, making the oil market much more vulnerable to additional disruptions."  [View news story]
    Wow...the price of oil MAY soar. Does that mean it MAY NOT soar alternatively. There is a huge amount of wiggle room in such a comment. What's the probability? Is it less than 25%? They have no clue do they !

    NEWS FLASH: The price of Gold MAY soar in 2012 !!!!

    (But then again it MAY NOT.)
    Jan 14, 2012. 01:31 AM | 1 Like Like |Link to Comment
  • The five-year slide in U.S. home prices will end this year, according to a Reuters poll, followed by the start of a weak recovery in 2013. However, a stagnant 2012 and the meager 1.5% gain expected in 2013 will offer little comfort to the millions of Americans trapped in negative equity — owing more to their mortgage lender, in some cases much more, than their houses are worth.  [View news story]
    To me, the elephant in the room is the backlog of foreclosures. Until that market is cleared, there is an overhang with constant pressure providing supply and thus constant downward pressure on prices.

    The thing that amazes me is there are millions of renters and new family formations out there that are stuck in an alternative because the banks won't let the foreclosures clear (obviously because they don't want to take the hit to earnings and assets). But if they were to let the market clear, then the reset would happen much, much faster.
    Jan 14, 2012. 01:27 AM | 1 Like Like |Link to Comment
  • Jamie Dimon's Medicine To Cure Healthcare, And America [View article]
    Yea....don't worry about those EU sovereign bonds that JPM holds either. Certainly no problem there, right? Of course there are always things out there on the horizon....but you better know where they are and try to mitigate your risk....just like AIG did(n't).
    Jan 14, 2012. 12:34 AM | Likes Like |Link to Comment
  • The Eurozone's Biggest Risks [View article]
    Here's the latest news: S&P downgrades 9 EU zone countries.

    http://yhoo.it/wt4bDL

    "S&P cut the ratings of Italy, Spain, Portugal and Cyprus by two notches and the standings of France, Austria, Malta, Slovakia and Slovenia by one notch each.

    The move puts highly indebted Italy on the same BBB+ level as Kazakhstan and pushes Portugal into junk status."

    Well, happy Friday the 13th. Sucks to be Portugal.....once masters of the universe.
    Jan 14, 2012. 12:21 AM | Likes Like |Link to Comment
  • Happy Friday The 13th [View article]
    Latest news: S&P downgrades 9 EU zone countries.

    http://yhoo.it/wt4bDL

    "S&P cut the ratings of Italy, Spain, Portugal and Cyprus by two notches and the standings of France, Austria, Malta, Slovakia and Slovenia by one notch each.

    The move puts highly indebted Italy on the same BBB+ level as Kazakhstan and pushes Portugal into junk status."

    Well, happy Friday the 13th.
    Jan 14, 2012. 12:15 AM | Likes Like |Link to Comment
  • Likely Eurozone Downgrades Weigh On Stocks [View article]
    S&P downgrades 9 EU zone countries.

    http://yhoo.it/wt4bDL

    "S&P cut the ratings of Italy, Spain, Portugal and Cyprus by two notches and the standings of France, Austria, Malta, Slovakia and Slovenia by one notch each.

    The move puts highly indebted Italy on the same BBB+ level as Kazakhstan and pushes Portugal into junk status."

    Well, happy Friday the 13th.
    Jan 14, 2012. 12:14 AM | Likes Like |Link to Comment
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