Seeking Alpha


Send Message
View as an RSS Feed
View WMARKW's Comments BY TICKER:
Latest  |  Highest rated
  • Explaining Gold's Manic Monday [View article]
    Rookie....I gave you a thumbs up....but the idea of "fair" is very hard to articulate in reality.
    Dec 13 05:46 PM | Likes Like |Link to Comment
  • Explaining Gold's Manic Monday [View article]
    "Wouldnt that be like jumping off one sinking ship onto another?" jumping off a sinking ship in a raging storm into a life boat....chances are you will still get die, but better to delay and hope for a miracle.
    Dec 13 05:45 PM | Likes Like |Link to Comment
  • Explaining Gold's Manic Monday [View article]
    Ricard....your got it right !!!!! Not just funds selling financials, now we have everyone affected by the EU situation selling ANYTHING they can get their hands on to raise cash. Word is that gold is being sold over and over again; lent over and over again. When this breaks, the breakage will be catastrophic. "Pity the po fools" who are in the chain seeking title for their gold and physical delivery.
    Dec 13 05:44 PM | 1 Like Like |Link to Comment
  • Avon Products (AVP) gains 5.3% AH after announcing it will split its Chairman and CEO roles. Andrea Jung, who currently holds both titles, will be named Executive Chairman, and the company will "undertake an external search" to find a new CEO. Avon shares have been battered this year by weak earnings and an SEC probe, with the decline leading some to view it as an acquisition target.  [View news story]
    SEC Probe.....what are they doing about MF Global and Corzine???
    Dec 13 05:39 PM | 1 Like Like |Link to Comment
  • Austerity Continues To Fail Greece [View article]
    This just in.....Greece's deficit gap widens. Sounds like that austerity program is making good progress.
    Dec 13 09:03 AM | 1 Like Like |Link to Comment
  • Greece's budget deficit widens to €20.5B through November, 5% higher than a year ago despite a raft of new taxes and collection efforts, as well as budget cuts. Spending rose 3% anyway, much of it due to a sharp boost in financing costs as government bond yields soared. Meanwhile, estimates for economic contraction continue to grow. The math isn't working in Athens.  [View news story]'s that contractionary austerity program working for ya.
    Dec 13 09:00 AM | Likes Like |Link to Comment
  • European Banks Need Tons Of Money [View article]
    "Spain’s Santander has sold a stake in its Chilean subsidiary, scheduled a group placement of holdings in the Brazilian subsidiary, and announced a deal to sell 95% of its unlisted Colombian subsidiary. The family jewels are being sold."

    The Banksters use debt to force people, companies and countries to sell their respective fmaily/crown jewels. For a good read, check, "Confessions of an Economic Hitman."
    Dec 13 02:52 AM | 3 Likes Like |Link to Comment
  • It's Time To Sell Gold (At Least For Now) [View article]
    Hate to be dense....but I am an old guy.....who are the "juvenile delinquents"?
    Dec 13 02:26 AM | 1 Like Like |Link to Comment
  • Explaining Gold's Manic Monday [View article]
    MKW....thanks. I agree. It's hold course and watch the battle rage from the high ground.
    Dec 13 02:18 AM | 4 Likes Like |Link to Comment
  • Explaining Gold's Manic Monday [View article]
    Tempo, I certainly see no evidence that Europe will settle it's unsustainable debt problems. Under current contractionary circumstances almost all over the world, how does this get better?
    Dec 13 02:18 AM | 5 Likes Like |Link to Comment
  • Gold's Trump Event And India's Weak Demand [View article]
    "This system is already in place, what we do not have is sound currency."

    Until the problems get fixed....I'll vote with Venerability.
    Dec 13 02:13 AM | 1 Like Like |Link to Comment
  • Paul Krugman Versus Milton Friedman [View article]
    No problem....I'll maintain my paradigm until someone convinces me otherwise.
    Dec 12 11:59 PM | 1 Like Like |Link to Comment
  • ECB To Investors: Sell Gold [View article]
    Toe in water today....don't know what tomorrow will bring....ready with gun loaded.
    Dec 12 11:56 PM | Likes Like |Link to Comment
  • Paul Krugman Versus Milton Friedman [View article]
    You said these concepts are wrong....but you have done nothing to convince me that the US government can't print $15T and pay off it's debt. Nor have you convinced me that the government can't print all the money they want even if the IRS was to shut down. And you have not suggested any concept that indicates the IRS will ever come knocking on my door to collect my share of $15T. And you have not told me where the Chinese get the money for all the stuff they sell to the US, except from the available credit that allows the US citizens to buy their stuff.
    Dec 12 04:52 PM | 2 Likes Like |Link to Comment
  • ECB To Investors: Sell Gold [View article] the US, when the "Government" decides to deficit spend, the Fed is the intermediary who places the digits into the government's bank account. They deposit "money" so the "government" can write a check to buy stuff like cruise missles. The "government" has the taxing power to reclaim those newly issued funds at a later date, which essentially cancels out the previous issuance (+ or -).

    In the case of the ECB, the question would be "Who's sovereign debt are they monetizing". If the ECB creates money, will they credit it to Germany's account or to Greece's account. And who will the ECB tax (without a political union) to cancel those funds out? They have no taxing authority.

    So I see the issue as somewhat of a practical impossibility. It would be like saying the US monetary authorities will print money to give to California, which I guess they could do to help them with their budget, but then assume there were no "consolidated" IRS. How does the FED get their money back? I guess they could float a loan to California (for liquidity), but it wouldn't change California's debt burden. And how would they ever collect if CA told them to write it off. my brain is starting to hurt.
    Dec 12 04:44 PM | Likes Like |Link to Comment