Seeking Alpha

WMARKW

WMARKW
Send Message
View as an RSS Feed
View WMARKW's Comments BY TICKER:
Latest  |  Highest rated
  • Have Central Bank Gold Purchases Swamped The Market? [View article]
    Venerability....sounds to me like you are a rummy grubbing drummer. Perhaps my wife and I will join you on the beach....starting next year when the "massive" Social Security payments begin rolling in. (ha. ha)
    Jan 8, 2012. 11:26 AM | 1 Like Like |Link to Comment
  • Have Central Bank Gold Purchases Swamped The Market? [View article]
    "Ask any home owner up to their neck in debt how the got there.
    They will tell you it made no sense to hold cash with the markets soaring." And yet an investor holding cash the last 5 years could buy the same home he wanted to buy 4 years ago at 1/2 price.
    Jan 8, 2012. 11:23 AM | 4 Likes Like |Link to Comment
  • Gold And Silver Is Risky For The Long Term [View article]
    Birdman....you could have looked at that Chart when a house was 350 ounces and made an assessment that it was time to trade gold for houses. And....that decision would have been wrong. So, from my point of view, I look at that chart now and I am happy that I still hold (oops I just sold it remember and gave the proceeds to charities) the PM's. Dang....I got to stop doing that. [ you had to read the post on the other article before this one]
    Jan 8, 2012. 11:18 AM | 2 Likes Like |Link to Comment
  • Gold And Silver Is Risky For The Long Term [View article]
    As of this very moment I have sold all my PM holdings and given the cash proceeds to a number of different charities....so don't bother to come looking at my house for anything of the Au - Ag persuasion. PS. It was never at my house anyway....it was in my safe deposit box, because I trust the banks more.....(hope they read this !)
    Jan 8, 2012. 11:14 AM | 2 Likes Like |Link to Comment
  • Was 2011 The End Of The Gold Rush? [View article]
    Costa....if gold goes down to $1 per ounce I will still have all the ounces I have now. I will not get wiped out. And since gold represents a very small percentage of total assets, I'll use my cash to buy a whole lot more.

    Here is an interesting paper from Oxford Economics on "The impact of inflaiton and deflation on the case for gold."

    http://bit.ly/yo231o
    Jan 8, 2012. 11:01 AM | 2 Likes Like |Link to Comment
  • Why Has Gold Been Down? [View article]
    Stilldazed....$1.5 billion, not ounces - just clarifying.
    Jan 8, 2012. 10:56 AM | 4 Likes Like |Link to Comment
  • The Most Critical Things To Watch This Earnings Season [View article]
    "The era of major write-downs due to delinquent loans is fading,"

    Is that why Obama wants to spend a couple Trillion to fix the housing market.....to make sure banks don't have to write down more than they already have, or they don't have to reclaim the toxic waste they off loaded to the Fed.
    Jan 8, 2012. 12:47 AM | Likes Like |Link to Comment
  • Jobs Data Isn't As Cheery As They Would Have You Think [View article]
    Heck no they wouldn't do it. There is no political will and the American people have an aversion to the word "stimulus". They fear debt, label the deficit as robbing from the future generations, etc. It would take a leader of generational proportions to convince the public and the politicians to undertake some kind of program like that. Plus....the oil companies would pull out all the stops to "nuke" it.
    Jan 8, 2012. 12:45 AM | Likes Like |Link to Comment
  • A Decent Jobs Report [View article]
    "It's also comforting to see that growth in government spending has slowed to a crawl (up only 2.7% in the past year)"

    I don't know how you can call that encouraging when GDP growth will be 1 - 1.5%. That still means government spending is growing nearly twice as fast as GDP. We need Government Spending to be capped at current levels for 5 years, if you want to bring in back in line. For the last decade it grew twice as fast as tax revenues.
    Jan 8, 2012. 12:42 AM | 1 Like Like |Link to Comment
  • Paul Krugman finds Mitt Romney's claim that Pres. Obama lost 2M jobs "deeply misleading," since the U.S. economy lost 3.1M jobs in the president's first six months but has since gained 1.2M jobs. Yet Romney takes credit for creating 100K jobs at Bain Capital “based on current employment figures, not the period when Romney worked at Bain."  [View news story]
    1980....ta ta !!!! you got it dude again. How is this not the first response to this article. "Deeply Misleading" PU' LEEEEEASE.
    Jan 8, 2012. 12:37 AM | Likes Like |Link to Comment
  • Paul Krugman finds Mitt Romney's claim that Pres. Obama lost 2M jobs "deeply misleading," since the U.S. economy lost 3.1M jobs in the president's first six months but has since gained 1.2M jobs. Yet Romney takes credit for creating 100K jobs at Bain Capital “based on current employment figures, not the period when Romney worked at Bain."  [View news story]
    Tax guy....thanks for your big words....but guess what? Vile is an adjective.

    Second, got any stats to support your contention that "public sector" jobs are shrinking? And how about the compensation levels of those jobs?
    Jan 8, 2012. 12:35 AM | Likes Like |Link to Comment
  • About Those 42,200 New Courier Jobs [View article]
    Gee...my lasik repaired, eagle eye vision predicts, based on the smoothed data, that in January we'll se a negative hit of ..... (drum roll please...) 50,000 jobs. Ta...Ta....now I am an economist too.
    Jan 8, 2012. 12:28 AM | 2 Likes Like |Link to Comment
  • Despite positive economic news, investors still appear hesitant to believe a U.S. recovery is taking hold, says Mohamed El-Erian. Today's stong jobs report and the subsequent lackluster market reaction emphasizes the fact that until Europe gets a handle on its crisis, improvements in the domestic economy will have marginal impact.  [View news story]
    Mohamed.....how long do you think it will take for the millions of people crushed by the housing debacle to get to the point where they feel comfortable spending and assuming debt again. My guess is 5 years. In the meantime....no economic expansion - 1.0% to 1.5% GDP growth per year, and 5 years of $1 trillion per deficits.
    Jan 8, 2012. 12:24 AM | 2 Likes Like |Link to Comment
  • Jobs Data Isn't As Cheery As They Would Have You Think [View article]
    "Its the Federal Reserve and only the Federal Reserve that has the power to create liquidity and flow it to potential customers either indirectly via the commercial banks or directly to potential spenders such as Social Security recipients."

    I disagree. The US government could announce a stimulus program tomorrow in the amount of $5 trillion forcused on nuclear power, electric vehicles, electric charging infrastructure, natural gas and other things related to energy independence. It would save potentially $300 billion a year in oil imports and put tons of people back to work.
    Jan 8, 2012. 12:21 AM | 1 Like Like |Link to Comment
  • Cautious optimism, slow growth and a slight increase in hiring are the buzzwords for 2012 that Deloitte CEO Joe Echevarria says it's hearing from its corporate clients. Companies are well positioned for growth Echevarria notes, and at some point the build up of cash in corporate America has got to be expended. (video)  [View news story]
    Gee Joe....you would think that as soon as people get back to work and start buying things then the American corporations would be ready to respond with hiring and increased output. In the meantime, people are trying to remediate their personal balance sheets from the whipping they took with loss of "wealth" when the housing market crashed. I don't suppose such people will be all that anxious to jump back on the debt bandwagon.
    Jan 8, 2012. 12:15 AM | Likes Like |Link to Comment
COMMENTS STATS
10,672 Comments
17,185 Likes