Seeking Alpha

WMARKW

WMARKW
Send Message
View as an RSS Feed
View WMARKW's Comments BY TICKER:
Latest  |  Highest rated
  • Joint ECB / Fed Action? Forget About It. [View article]
    You mean when they get the claws deeply enough to demand a political union where they are in the drivers seat?
    Nov 17 01:50 AM | 1 Like Like |Link to Comment
  • The Crisis Eats Its Way Into The Core: Part 2 [View article]
    Dang....this is a downer.....of course, I've been down for a long time, so I keep wondering when I will hit bottom. Perhaps you could say there are a lot of debt junkies in the world....and some of them will soon crash to oblivion. And yet the stock market remains bouyed by.....what? Denial?
    Nov 17 01:49 AM | Likes Like |Link to Comment
  • Joint ECB / Fed Action? Forget About It. [View article]
    sethmcs....I agree. The bankster brotherhood knows no borders. They are incestuously linked by birth, adoption, cross country corporate linkages, political support, etc, ad nauseum. What's good for JPM, GS is good for HSBC, UBS, etc.

    Thus the benefit of having printing presses linked by the internet. I just installed a print driver that allows me to print to a printer in China on the company's network. Amazing how easy it is to disburse digital debits and credits.
    Nov 17 01:31 AM | Likes Like |Link to Comment
  • We need to get off OPEC oil now, and we have the resources to do it, says T. Boone Pickens. Things are going fall apart in the Middle East, and soon. Saudi Arabia is on the brink, and at 9.7M bpd in production, if they come off line we'll be looking at oil prices around $300 - $500 a barrel. That risk, plus the trillions of dollars in cost savings we would get from pulling our military forces out of the region, Pickens says, more than justifies ramping up our own production at home. (video)  [View news story]
    Out myopic politicians are bought and paid for by the energy industry. The energy industry's objective is to make money, preserve reserves, stretch earning capability into eternity. Trust me, if oil were $200 a bbl or $300 a bbl you'd see all kinds of energy coming out of the ground.
    Nov 17 01:02 AM | 1 Like Like |Link to Comment
  • We need to get off OPEC oil now, and we have the resources to do it, says T. Boone Pickens. Things are going fall apart in the Middle East, and soon. Saudi Arabia is on the brink, and at 9.7M bpd in production, if they come off line we'll be looking at oil prices around $300 - $500 a barrel. That risk, plus the trillions of dollars in cost savings we would get from pulling our military forces out of the region, Pickens says, more than justifies ramping up our own production at home. (video)  [View news story]
    And yet....Geoffster....we can put a nuke reactor on board a supercarrier and provide unlimited power for probably 30 years to a floating city of 5,000 people. If it's safe enough for the troops, why not for the citizens.

    Notice there is no EPA review necessary for a nuke plant on an aircraft carrier. The environmentalists would be told to go stuff it.
    Same should be told to anyone re: building nuke plants in US. China is building them right and left.

    Using nukes and 50 million electric cars would save approx 2.5 mbpd in oil purchases.
    Nov 17 12:57 AM | 2 Likes Like |Link to Comment
  • We need to get off OPEC oil now, and we have the resources to do it, says T. Boone Pickens. Things are going fall apart in the Middle East, and soon. Saudi Arabia is on the brink, and at 9.7M bpd in production, if they come off line we'll be looking at oil prices around $300 - $500 a barrel. That risk, plus the trillions of dollars in cost savings we would get from pulling our military forces out of the region, Pickens says, more than justifies ramping up our own production at home. (video)  [View news story]
    I have long thought that we are strategically using OPO (other people's oil) before we use our own. I think you are right, we will suck them dry then open up our oil fields, gas fields, coal fields, etc when we need to. I think we know where it is and we could pump it today if we wanted to. Just like the Escalante Grand Staircase monument, the overnight doing of Clinton, taking the largest deposit of low sulpher coal out of the running for development in southern Utah. It's there....just waiting....but not gonna touch it until it becomes very profitable and very essential.
    Nov 16 11:55 PM | 3 Likes Like |Link to Comment
  • Friday Follies: Greece Job [View article]
    The road to ruin is paved with wars. They are impossible to finance. Nowadays.....no one can afford wars. They are "mutually assured financial destruction".
    Nov 10 07:26 PM | 1 Like Like |Link to Comment
  • Market preview: Happy days are here again, with Italian bond yields in free-fall as the ECB works its magic and Italy attempts to rush through reform and replace Berlusconi by the weekend. Better-than-expected jobless claims and a lower-than-forecast trade deficit add to the merriment, with S&P futures +1.4%. Cisco +6.7%, but Green Mountain -30% following its earnings miss. Later: Treasury budget.  [View news story]
    Wow...this euphoria will last, what......probably 4 - 6 days.
    Nov 10 07:21 PM | Likes Like |Link to Comment
  • The White House refuses to turn over documents House Republicans have subpoenaed related to bankrupt solar firm Solyndra, saying the "partisan" and "unnecessary" request would put an "unreasonable burden on the president's ability to meet his constitutional duties."  [View news story]
    Mad.Max.....or "should we be picking winners and losers when our track record is zero out of 100. Let's just flip a coin and decide if we support or don't. We'll be much better off.
    Nov 10 02:05 PM | Likes Like |Link to Comment
  • The U.S. is not just heading towards default, says Ben Stein, we're racing towards it. Our country has simply taken on far too many obligations than we can afford, Stein asserts. We've got to raise taxes and cut expenditures, particularly on unemployment and disability, where there's so much fraud "it's just insane." (video)  [View news story]
    Yes....people really are that stupid. And unfortunately, the Powerz provide the candidates for us to vote for. So....until the Powerz fall....we get the same old selection...same guys under different colors.
    Nov 10 02:02 PM | Likes Like |Link to Comment
  • Friday Follies: Greece Job [View article]
    rmurphy....please tell me which corporation made $14 billion in net profits "year after year" and paid no taxes". Tell the the company name and then kindly cut and paste the tax liability section of their 10K into the report to identify WHY they paid no taxes.

    Are you forgetting that Congress is the one who passes tax legislation. Corporations follow the tax rules. They pay attorneys and auditors to make sure they do. If you don't like the rules....then change the Congress....

    BTW there is no reason for corporations to pay ANY taxes whatsoever. Just think about what they would do with the left over money and see if any choice they have (logical) doesn't result in another tax liability.
    Nov 9 12:36 PM | Likes Like |Link to Comment
  • Friday Follies: Greece Job [View article]
    He's also handicapped by being a liberal.....talk to the people in Utah.
    Nov 9 12:31 PM | Likes Like |Link to Comment
  • Friday Follies: Greece Job [View article]
    "booms, busts, frauds, scams, etc. that led to the creation of the Fed."

    And that's what we've had since 1913 as well. The Fed is fine for handling banking activities, clearing, etc. They have proven to be just as inept at mitigating booms and busts as having nothing. They precipitated the housing crisis (intentionally by my thinking) after loose money thant tightening.
    Nov 9 12:28 PM | Likes Like |Link to Comment
  • Narayana Kocherlakota says the Fed should develop and make public a contingency plan that would “provide clear guidance on how it will respond to a variety of relevant scenarios" in the economy. The Minneapolis Fed President says such a plan could reduce policy uncertainty that's curbing business incentive to hire or invest and slowing consumers' incentive to spend.  [View news story]
    Contingent Fed Policy.....isn't that a little like suggesting the ECB should stop screwing around and do something. The presumption from NK is that there IS something the FED can do? What if there isn't? BB said in Jackson Hole it was time for the government to pull out the fiscal stimulus bazooka....err more like megaton warhead.

    The politicians are incapable of invoking stimulus. The can't do it politically. It is contrary to what the people WANT.
    Nov 9 09:01 AM | 1 Like Like |Link to Comment
  • Why does rising U.S. inequality matter? Paul Krugman believes it has resulted in a nation in which most families don’t share fully in economic growth. "The larger answer, however, is that extreme concentration of income is incompatible with real democracy. Can anyone seriously deny that our political system is being warped by the influence of big money?"  [View news story]
    Hoopono....it seems that some people don't want equal opportunity but equal outcomes. Equal outcomes represent slavery for all. Equal outcomes represent lowering the achievement bar for all. No one gets rewarded for working 18 hour days running their own business. Everyone gets rewarded for minimal effort.

    I think the Drivers License Division is an example of "equal outcomes". It's a place I wish to avoid at all costs. There is no such thing as customer serivce and merit. Same can be said of the USPS. Thank you no.
    Nov 4 06:44 PM | 1 Like Like |Link to Comment
COMMENTS STATS
10,019 Comments
16,078 Likes