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MiserableOldFart

MiserableOldFart
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  • Car Industry Panics Over Autonomous Revolution [View article]
    Can't wait to see when the unmanned trucks start killing and maiming people what the government does to keep people from suing for real amounts. Corporations are already getting away with murder, and I'm sure there will be many more in store.

    Too bad nobody wants to make the investment in Lighter than Air transport. Faster than trucks, extremely fuel efficient, and though mostly limited to travel over water, could be a very efficient means of getting materials to transport by rail, which is much more fuel efficient than the wasteful trucking industry. The same kind of technology that enables trucks to drive themselves could reduce crew of LTA ship to one and make them as easy to pilot as a jet plane, but many times more fuel efficient.
    May 11, 2015. 01:33 PM | 1 Like Like |Link to Comment
  • Petrobras' recent rally a creation of short sellers, Citi says [View news story]
    LOL, you noticed? I'm still waiting for the day when I see "Dow up (down) 200 for no particular reason." THEN, I'll say there's an honest one..
    May 4, 2015. 03:40 PM | 1 Like Like |Link to Comment
  • Sustainable Dividend Yield And Price Appreciation Potential Set Chimera Apart [View article]
    Sold out my little holding of CIM a while back when the price was at a point that seemed a good idea to take the profits. Got back in a little fairly recently, and will likely add to it as dividends from other stocks come in. Also hold MFA and AGNC and a little bit of NLY now, but MFA is the biggest chunk of my IRA. They have all payed well over the time I've had them, but I did jump the gun a little on AGNC and missed what appears to be the bottom, so I'm down a little bit on that one, but it pays dividends every month..
    Apr 25, 2015. 09:00 PM | Likes Like |Link to Comment
  • Buy Gold Stocks While The U.S. Dollar Bull Sleeps [View article]
    There is no safe haven currency now, so I wouldn't worry about it.
    Apr 21, 2015. 06:47 PM | Likes Like |Link to Comment
  • Buy Gold Stocks While The U.S. Dollar Bull Sleeps [View article]
    With the GOP in control of both houses of Congress, I would be betting on the fed having to use all the tools in its disposal to prevent another depression. While I think a small play in the gold markets might make sense, I wouldn't bet the farm on it by any means. Bear in mind that the Fed's monetary stimulus didn't cause the dollar crash that the doomsdayers predicted, nor did it result in big gains in the PMs. So, it's very possible that the Fed might postpone its rate hikes indefinitely and the dollar remain strong, and the PMs stay in the dumps too.
    Apr 21, 2015. 06:46 PM | 1 Like Like |Link to Comment
  • Why I'm Bullish On Silver [View article]
    Not arguing with you, but I'm betting that there is no big deflationary bust or big inflationary boom coming any time soon. QE has been successful, for the most part, in doing what it intended to do, without any of the wild consequences that have been predicted. Unless the central banks suddenly contract the money supply, as has been suggested by some here in the USA, world deflation will not rear its ugly head.

    Again, not arguing, because it's not worth arguing about.. just being contrary so we can look back in time and see who was right.
    Apr 14, 2015. 07:28 PM | Likes Like |Link to Comment
  • Why I'm Bullish On Silver [View article]
    I'm not sure about other industries, but I do remember well when the Hunts jacked up the price of silver years ago, the photographic industry spent a ton of money on recovery. Of course, that was the biggest user of sliver at the time and with the advent of digital photogprahy, its use of the metal has declined dramatically.
    Apr 14, 2015. 07:23 PM | Likes Like |Link to Comment
  • Why I'm Bullish On Silver [View article]
    I wouldn't be afraid to make a small investment in silver based on the ratio, but I wouldn't buy physical unless my investment horizon were 20 years or more, which mine is not. For someone in their 20's or 30's who has some cash they can invest and sit on for long time, it might be a very good thing. If the gold bugs were right and the price of gold were now $5000, I wouldn't trust the ratio much..
    Apr 14, 2015. 07:19 PM | Likes Like |Link to Comment
  • Why I'm Bullish On Silver [View article]
    Fossil fuels will be uncompetitive with solar in 10 years, perhaps 5 or even less, providing the enemies of human progress don't get to put more roadblocks in the paths of development.
    Apr 14, 2015. 07:16 PM | 1 Like Like |Link to Comment
  • Costco: Longer-Term Prospects Bright, But Stock Could Dip In The Coming Months [View article]
    Somebody tell Costco we need a Costco in the southern tier of upstate NY. Kingston or Oneonta. Soon. Either one would do great business. BJs in Oneonta and Sam's Club in Kingston are far behind Costco in store quality.
    Mar 13, 2015. 06:40 PM | Likes Like |Link to Comment
  • Why Did Utilities Fall 10%? Are They Undervalued Now? [View article]
    There has been a virtual riot of people screaming for higher interest rates during the past few years, as the Fed wisely propped up the struggling economy with low interest rates and bond purchases.

    The Fed talking about raising rates has the markets reacting, as does the talk about them in the media. But while the jobs picture has slowly improved, neither inflation nor the national-disgrace level of USA wages indicate that the Fed should actually raise them. It is to be hoped that if the Fed indeed does raise rates, that it will do so very modestly and tread carefully in these dangerous times.

    It is clear that other than hysterical military spending, there is to be no stimulus coming from the government in the foreseeable future. There is also a good possibility that with all the brouhaha about rising interest rates in the media for the past year or more, that any Fed action in that regard is already built into the markets in such places as utilities and REITS. Nobody knows, of course.. Also, it is to be noted that the dollar has gone parabolic against foreign currencies mainly on the IDEA of higher interest rates, and that is not a good thing for the economy, but might be something that offers investors a chance to buy low against the dollar, again, if the Fed doesn't do anything rash.
    Mar 12, 2015. 11:44 AM | 3 Likes Like |Link to Comment
  • New Gold Bull Market Will Make 2008-2011 Look Tame [View article]
    Dream on. It might well be a time to speculate in PMs, but the only real reason is that the true believers will take stories like this one to heart. It's all about fads and has nothing to do with "empty vaults" or "paper gold" or any of that nonsense. I made small play in the Vanguard Precious metals and mining fund only because I thought the S&P might be due for a trimming and the PMs might be bouncing back a bit. But there is going to be no millennial bull market in PMs soon, and if there should be by infinitesimal chance, it won't be for any of the reasons the gold bugs have been hawking for decades. I seem to recall Martian Weiss telling people to get out of the stock market and into commodities right around the point where the stock market hit bottom.. And that "hyperinflation" that was going to happen because the Fed was "printing money?" Again, it might happen, and if it does, it'll make the people who have been predicting it for 40 years suddenly right, like the broken clock.
    Feb 11, 2015. 11:37 AM | 4 Likes Like |Link to Comment
  • Gold: Will War Soon Be Over? [View article]
    Speculation will always exist, and will always be a faddish enterprise. People who want to speculate must realize this and not get caught with a few hundred thousand hula-hoops at the wrong time.
    Feb 5, 2015. 09:15 PM | Likes Like |Link to Comment
  • Gold: Will War Soon Be Over? [View article]
    Central banks do what they need to do to maintain a modern currency and provide curbs and stimuli when necessary. I doubt they care much about gold, because only the gold true-believers consider it "real money," which is something that doesn't exist. Money is a human abstract invention and as such has only its function as a medium of exchange first and a store of value a distant second.
    Feb 5, 2015. 09:14 PM | Likes Like |Link to Comment
  • Economic Myth And Financial Reality [View article]
    The Fed has acted reasonably over the past decade. Stimulatory monetary policy has the same exact effects on the money supply as tax cuts, but unless the tax cuts are across-the-board equal in dollar amounts, unlike those over the past three decades that were heavily tilted toward the rich, monetary stimulus reaches more people across the economic spectrum. And when it comes to "inflating" the stock market, no Fed action has been as telling as the ridiculous bush tax cuts on capital gains and dividends, which have forced people to the equity market every bit as much as low interest rates. Even if CDs start paying 4-5%, why would a retiree like myself pay 15% tax on that income instead of 0% on dividends and potential cap gains? One of the big selling points of the reagan tax cut fraud was that cap gains and dividends would pay the same rates as all other income, which we all knew would be changed as soon as the lunatics had the power to do it.

    It seems the criticism from financial people is one sided, and not based on fact, much like the sources they use for "news." Economists, real economists at least, know better.
    Jan 1, 2015. 11:27 AM | 1 Like Like |Link to Comment
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