phdinsuntanning

Goldman Sachs, JPMorgan Chase: How Did They Make So Much Money?

they gor free USD greenbacks credit, shorted it against any non USD commodities and CDS and pocketed the difference, easy

The Greatest Depression Is Coming

shorting BAC was a good move, the rest, lets see. Reaganomics is in the white house economic advisory team any way, but not very active now.

More Stimulus? Think 'Hydraulic Macro'

If Krugman is correct gold should be 11,000 USD/Oz Troy without any inflationary pressure. We are lucky he is wrong. Trying to retrain or relocate... to mainland China? This is the only sector B now.

John Hussman: The Stock Market has Never Been this (Intermediate-Term) Overbought

Good job, please can you show the same data in some hard currency, thanks. For me is a stock related problem now:

US stocking oil and empty houses,
banks stocking cash and shorting currencies,
China stocking metals, coal and manufactured production,
IEA cheerleading Gulf profits,
poor families stocking anger and paying debts,
interest rates up? chaos.
Easier solution: there is not any.
but if there is any gut:

1. Governments out of commodity business.
2. Global bank ban of any non banking business (save/loans).
3. Bassel II for investment banking corporations.

In the shor time: long some DUG, and willing to stock more of it.
Please try to commit with some position to let us know your ideas stand for something that may cost you.

Deja Vu 2008: Crude Oil Market Entirely Detached from Fundamentals

US stocking oil and emprty houses,
banks stocking cash and shorting currencies,
China stocking metals,
IEA cheerleading Gulf profits,
poor families stocking anger and
trying paying debts to the rich,
interest rates up? chaos.

Easier solution: there is not any.
but is there is any gut:

1. Governments out of commodity business.
2. Global bank ban of any non banking business (save/loans).
3. Bassel II for investment banking corporations.

In the mean time: long DUG

Cash: An Embarrassment of Riches

as usual your optimism blinds your beach views. This liquidity for risk takers devaluation is easy profits for banks and for us beach boys baby boomers. A vampire way to recapitalize the broken financial system at the expense of the real economy. You like Brazil, Argentina, ok, study what they did in the 1980s, because this is what OECD is doing now: the lost decade. 1929 also was V shaped, if you look 5 years time series, this time is becoming more like the 1970s after the Vietnam blood and the arab oil revenge. Markets are not overpriced measured in real or even Euro, or troy oz., they are doing 1000s % in cruzados or argentina pesos of the 1980s, this is the virtuous cycle you are promoting. Just tell me one government that escaped hyperinflation voluntarily:
ok, Paul Volker 1983, but he is old to repeat the trick again and you need Pinochet to do the right thing and take a 15 % GDP healthy contraction selling your assets Rudy Dornbush overshooting style and getting out of the current mess in great style. Guts anyone? Naaa, you will be bleeding Japanese style for years as ChinAmerica Republican dream starts vanishing and sovereign Chinese CDS starts balloon fly in the sunset pink sky.

America Does Not Produce Nothing

Steve, we really appreciate your work, please take the excelent comments you received specially the first one, for your next insight. Robots? Skynet? Come on, look around to the 17,000 islands south of you + 7,000 east, I just see a lot of rice fields and area for future Chinese-Japanese manufacturing growth there. The US will clean their mess via devaluation fast or slow, and business as usual at the end.

Mushroom Cloud Trade Not Working Well

"the Fed has relatively good control of the currency for now"
"If you hold your assets its cash or treasuries, as the dollar rises you are actually losing money."

no happy comments, also if the Fed is under control they will call coleagues overseas to buy long bonds and u will be fryed

logicalthought, check RMB/USD and use your mind ok?

China Admits Gold's Monetary Role: Time to Buy

government funding their expenditure program with gold & silver sales of their increasing domestic production, thats it, fiscal spending, they dont care about loosing face or tricks like that, this is like to say that americans like to drink whisky in saloons, history. be carefull with your investments in recesions.

No Chance of a 'V' Recovery

At the root of this financially induced recession, is a global imbalance of external debt between creditor and indebted economies. Because households of the US and the UK are so indebted, monetary easing is not stimulating consumption in the indebted economies. Indebted private sector in US, UK is moderating previous excesses and needs to fund fiscal emergency measures with increasing taxes. In consequence, US-UK central banks purchases of financial institutions bonds, has been recycled by financials commodities, as lending demand remains weak. hina and other Asian creditors imported the monetary expansion from the main debtors via dollar pegs, creating large monetary/fiscal stimulus. The RMB/USD currency peg helped stocks and commodities to bubble, avoiding a deeper recession, but hardly bringing stability. Pile up of reserves in the East and deficits at the other side stopped suddenly and are reversing. Commodities, currencies, stocks and bonds will continue a volatile credit related doom and gloom process for a while until new comparative advantages be revealed and private investment leave its hidden cave and floating refuge in pristine yellow sand and palm tree covered sanctuaries.

Sulfuric Acid: Leading Economic Indicator?

Good try Bruce: H2SO4 price fell for falling credit on industrial demand, plus fertilizer oversupply: now supported by metal demand related to the Chinese emergency credit and fiscal push. H2SO4 supply is in part involuntary: metal smelters producing it instead of acid rain. If you want a good leading indicator look at the construction sector, never disappoints you. In any case we have the same conclusions with different indicators, my respects. Nat gas is a different animal, in China most of H2SO4 from coal inputs. The Fed looking at H2SO4/GasNat? Come on, just look last year.

Citi Cautiously Bullish on Economic Growth

playing the inverse of city advise will give you an 8% unleveraged return in the last 9 years, 6 times this leveraged! Cant fail.

Apple's Board Has to Step Up on Regulatory Issues

see you in 99

Looking Ahead to September: Decidedly Cloudy

shorting some AAPL, getting some yen calls
shorting some brazilian real will be fun,
not far from Oct. 1st., it will be a Y recovery,
so not there yet...

Global Markets Weekly Trading Preview: Quiet Range Bound Week? (Part II)

if its raining get your umbrella,
if sunny get a swimsweat and go to the beach,
you may long and short the JPY, USD, CHF...
there is something here useful for anyone?
but this one is in the limit of perversion:
"there are any number of unforeseen events
that could catalyze risk appetite one way or the other"
if you ask me if you should stay in bed or wake up every
morning, i should answer the same one.