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    <title>nihila's Comments</title>
    <description>nihila's Comments RSS Syndication from SeekingAlpha.com</description>
    <link>http://seekingalpha.com/user/936570/comments</link>
    <item>
      <title>American Capital Agency: Time To Abandon Ship?</title>
      <link>http://seekingalpha.com/article/1462721/comments?source=feed#comment-19312261</link>
      <guid isPermaLink="false">19312261</guid>
      <content>
        <![CDATA[The Fed is under no pressure to sell its MBS (all guaranteed by the GSEs. The the FRBanks who own ~1$T of MBS on their own account owe no money (they make it -- look at the $T monetary base.) If the FOMC felt the need to sell securities to restrain inflation, it would sell its larger stock of Treasuries first, but the FOMC has 5 FRB presidents as voting members of the committee, and at least two governors together with all bank president would vote against any action that threatened the banks' individual net worths. The Fed will keep buying bonds until &gt; 2.5% inflation occurs and even if it does, will hold the MBS until maturity (in 28+ yrs). If there is a serious rush by the banks to blow up a consumptiion or investment bubble, required reserves will be increased and the interest paid them for their excess reserves (now 0.25%) will only change marginally. Besides, there is no evidence that inflation threatens now or yet..  The ZIRP is on until November 2014 at the earliest.  Bernanke will get a second term (Obama is not going to let the markets crash before the midterm elections) and Bernanke owns the FOMC manjority.  Look at the data.  The markets are building to a great 2014 -- oil production is up, we are approaching energy independence and an improved trade balance. The USD it up. The sequester is not hurting and revenue took a huge jump. Remember that even though the Feds Assets belonjg to the FRBs, they still have to hand to the Treasury all of their profits above the cost of operating the systems and paying limited dividends to the member banks stockholders. We are not intervening in Syria,  Iran, N. Korea.  It is almost as if the public held national debt is shrinking because of the $80-90 annual payoff by the FRB's to the Treasury.  Bernanke is not going to let a panicky bunch of naive monetarists destroy his masterwork.  I would buy mortgage reits on corrections and plan to hold them until there solid evidence of a marked increase in inflation and not just ill-founded rumors from insiders.  Read the FOMC minutes, and relax.  ]]>
      </content>
      <pubDate>Tue, 28 May 2013 05:37:29 -0400</pubDate>
      <description>
        <![CDATA[The Fed is under no pressure to sell its MBS (all guaranteed by the GSEs. The the FRBanks who own ~1$T of MBS on their own account owe no money (they make it -- look at the $T monetary base.) If the FOMC felt the need to sell securities to restrain inflation, it would sell its larger stock of Treasuries first, but the FOMC has 5 FRB presidents as voting members of the committee, and at least two governors together with all bank president would vote against any action that threatened the banks' individual net worths. The Fed will keep buying bonds until &gt; 2.5% inflation occurs and even if it does, will hold the MBS until maturity (in 28+ yrs). If there is a serious rush by the banks to blow up a consumptiion or investment bubble, required reserves will be increased and the interest paid them for their excess reserves (now 0.25%) will only change marginally. Besides, there is no evidence that inflation threatens now or yet..  The ZIRP is on until November 2014 at the earliest.  Bernanke will get a second term (Obama is not going to let the markets crash before the midterm elections) and Bernanke owns the FOMC manjority.  Look at the data.  The markets are building to a great 2014 -- oil production is up, we are approaching energy independence and an improved trade balance. The USD it up. The sequester is not hurting and revenue took a huge jump. Remember that even though the Feds Assets belonjg to the FRBs, they still have to hand to the Treasury all of their profits above the cost of operating the systems and paying limited dividends to the member banks stockholders. We are not intervening in Syria,  Iran, N. Korea.  It is almost as if the public held national debt is shrinking because of the $80-90 annual payoff by the FRB's to the Treasury.  Bernanke is not going to let a panicky bunch of naive monetarists destroy his masterwork.  I would buy mortgage reits on corrections and plan to hold them until there solid evidence of a marked increase in inflation and not just ill-founded rumors from insiders.  Read the FOMC minutes, and relax.  ]]>
      </description>
    </item>
    <item>
      <title>What Is The Federal Reserve's 'Rat' Trying To Tell You?</title>
      <link>http://seekingalpha.com/article/1426401/comments?source=feed#comment-18711701</link>
      <guid isPermaLink="false">18711701</guid>
      <content>
        <![CDATA[It is a summer too early to end the party.  The housing boom continuation depends on cheap mortgage money -- get those refi papers in this week.  There is no reason for the fed to sell the mortgage bonds and even take a paper hit (USD is up on the yen's breaking 100). The boom is not a bubble but we have to keep it going as long as the median price doesn't go past $200 k.  The median house price is now $175,000 well below the 2006 peak. The huge profits of Fannie, and good profit for Freddie will stretch out this market. . The shale gas export boom needs a huge capex and that will take time. LNG should start making money this year.. When the Fed does choke off inflation it should do it by increasing the required reserve ratio and if necessary increase the interest rate it pays on reserves and let the banks increase their capital. This is a wonderful chance to strengthen the big banks and strengthen their tier 1 capital by buying gold.  It is also time to let the corporations repatriate their locked up overseas profits. This country needs the investment, but low interest rates are necessary to carry the debt.  Secretary Lew has the authority (with the president's approval) to buy and sell gold and silver and to pay with  new debt reduction bonds issued for the purpose.  He can start buying with the Exchange Stabilization fund and start minting and selling Eagles from U.S. sourced gold and silver and then issue &quot;debt reduction Eagles&quot; using foreign sourced gold if necessary.  Those gold bugs that China's monopolizing gold  I also like the idea of $1 trillion platinum coin with a portrait of Mao Zedong. We could offer it to China for their share of our national debt!]]>
      </content>
      <pubDate>Sat, 11 May 2013 12:27:09 -0400</pubDate>
      <description>
        <![CDATA[It is a summer too early to end the party.  The housing boom continuation depends on cheap mortgage money -- get those refi papers in this week.  There is no reason for the fed to sell the mortgage bonds and even take a paper hit (USD is up on the yen's breaking 100). The boom is not a bubble but we have to keep it going as long as the median price doesn't go past $200 k.  The median house price is now $175,000 well below the 2006 peak. The huge profits of Fannie, and good profit for Freddie will stretch out this market. . The shale gas export boom needs a huge capex and that will take time. LNG should start making money this year.. When the Fed does choke off inflation it should do it by increasing the required reserve ratio and if necessary increase the interest rate it pays on reserves and let the banks increase their capital. This is a wonderful chance to strengthen the big banks and strengthen their tier 1 capital by buying gold.  It is also time to let the corporations repatriate their locked up overseas profits. This country needs the investment, but low interest rates are necessary to carry the debt.  Secretary Lew has the authority (with the president's approval) to buy and sell gold and silver and to pay with  new debt reduction bonds issued for the purpose.  He can start buying with the Exchange Stabilization fund and start minting and selling Eagles from U.S. sourced gold and silver and then issue &quot;debt reduction Eagles&quot; using foreign sourced gold if necessary.  Those gold bugs that China's monopolizing gold  I also like the idea of $1 trillion platinum coin with a portrait of Mao Zedong. We could offer it to China for their share of our national debt!]]>
      </description>
    </item>
    <item>
      <title>Further Signs Of Demand Weakness Now Hit The iPad Mini</title>
      <link>http://seekingalpha.com/article/1328971/comments?source=feed#comment-17390301</link>
      <guid isPermaLink="false">17390301</guid>
      <content>
        <![CDATA[An ignorant or intentionally deceptive article, and a wise FRRT comment. A pple has had enough trouble with anti-trust from trying to control its distribution channels. When a company refuses to dea; with the biggest merchandiser in the world, FTC and DOJ and the EU crowd will start to investigate. When the goods in question are unique and conceivably better than the competition, any attempt to boycott a customer, especially WalMart, is a per se violation. It is an obvious attempt to enforce resale price maintenance without a contract (which would also be illegal) , WalMart will sue under Sherman Act Sec. 1 and Sec. 2 because WalMart and its custonly mers<br/>are being boycotted, WalMart will probably win and the damages (which will run in the billions) will be tripled along with the hundreds of millions of legal expenses of suit. WalMart must win in only one local market. Id WalMart discovers a pattern and practice of criminal behavior it would violate RICO, and some smart lawyer in DOJ could take the ball and run it through all of the defenses.. (FD: I hold in and out of the money call options and am not a lawyer).     ]]>
      </content>
      <pubDate>Tue, 09 Apr 2013 06:35:49 -0400</pubDate>
      <description>
        <![CDATA[An ignorant or intentionally deceptive article, and a wise FRRT comment. A pple has had enough trouble with anti-trust from trying to control its distribution channels. When a company refuses to dea; with the biggest merchandiser in the world, FTC and DOJ and the EU crowd will start to investigate. When the goods in question are unique and conceivably better than the competition, any attempt to boycott a customer, especially WalMart, is a per se violation. It is an obvious attempt to enforce resale price maintenance without a contract (which would also be illegal) , WalMart will sue under Sherman Act Sec. 1 and Sec. 2 because WalMart and its custonly mers<br/>are being boycotted, WalMart will probably win and the damages (which will run in the billions) will be tripled along with the hundreds of millions of legal expenses of suit. WalMart must win in only one local market. Id WalMart discovers a pattern and practice of criminal behavior it would violate RICO, and some smart lawyer in DOJ could take the ball and run it through all of the defenses.. (FD: I hold in and out of the money call options and am not a lawyer).     ]]>
      </description>
    </item>
    <item>
      <title>Apple: New Analysis Offers Reasons For A Rally</title>
      <link>http://seekingalpha.com/article/1157631/comments?source=feed#comment-14705651</link>
      <guid isPermaLink="false">14705651</guid>
      <content>
        <![CDATA[If you don't like the management, do what the big boys do -- sell your stock or buy the company. In your case I would guess you would have to sell your stock.]]>
      </content>
      <pubDate>Thu, 07 Feb 2013 13:39:19 -0500</pubDate>
      <description>
        <![CDATA[If you don't like the management, do what the big boys do -- sell your stock or buy the company. In your case I would guess you would have to sell your stock.]]>
      </description>
    </item>
    <item>
      <title>Exxon Mobil Venture Is Approved To Export American LNG</title>
      <link>http://seekingalpha.com/article/906311/comments?source=feed#comment-14427801</link>
      <guid isPermaLink="false">14427801</guid>
      <content>
        <![CDATA[Things will develop precisely as the regulated industries desire.  Google &quot;regulatory capture&quot; esp.  Wikipedia article.]]>
      </content>
      <pubDate>Thu, 31 Jan 2013 17:48:08 -0500</pubDate>
      <description>
        <![CDATA[Things will develop precisely as the regulated industries desire.  Google &quot;regulatory capture&quot; esp.  Wikipedia article.]]>
      </description>
    </item>
    <item>
      <title>Exxon Mobil Venture Is Approved To Export American LNG</title>
      <link>http://seekingalpha.com/article/906311/comments?source=feed#comment-14426751</link>
      <guid isPermaLink="false">14426751</guid>
      <content>
        <![CDATA[... or flaring it!]]>
      </content>
      <pubDate>Thu, 31 Jan 2013 17:27:15 -0500</pubDate>
      <description>
        <![CDATA[... or flaring it!]]>
      </description>
    </item>
    <item>
      <title>Exxon Mobil Venture Is Approved To Export American LNG</title>
      <link>http://seekingalpha.com/article/906311/comments?source=feed#comment-14426361</link>
      <guid isPermaLink="false">14426361</guid>
      <content>
        <![CDATA[CBI]]>
      </content>
      <pubDate>Thu, 31 Jan 2013 17:17:32 -0500</pubDate>
      <description>
        <![CDATA[CBI]]>
      </description>
    </item>
    <item>
      <title>A Week Of Historic Economic Tragedy Ahead</title>
      <link>http://seekingalpha.com/article/311671/comments?source=feed#comment-2081473</link>
      <guid isPermaLink="false">2081473</guid>
      <content>
        <![CDATA[The problem may be that Aristotle was a theoretician, despite his crummy lab work (he said that a dog had no muscles in his front legs).  He also apparently believed in gods (or &quot;Gods&quot; as we would spell it if he was right).  The markets don't seem to support your tragic view of life. All the ECB must do is to buy innumerable sovereign EZ bonds and pump out the Euros. Once  you start, it is like pop-corn or potato chips.  This will revive the markets, create jobs, and calm the masses. Of course, the ECB must jack up interest rates and tax the people until the pips squeak. That the ECB will love, and say with a heavy teutonic accent &quot;Ve tolt chu zo!&quot; But it will work. I would also tax the ownership of gold as a publlc nuisance, and bring back the motor scooter.  But inflation controlled or uncontrolled is better than having your eyes gouged out, or having huge chunks of your flesh torn out by uncomfortable gowns. No tragedy please. The art of government is to turn insoluble problems into problems you know how to solve. Remember, this is a continent that slaughtered and starved 50,000,000 people in their last war, and in ten years had put itself back to work and become half-free, employed, and soon was to be rich. They may need slapping around a little bit, but this despair is inexcusable. The real economy is in great shape and the workers are ready (except maybe in Greece). Its just a matter of money.  Are there no printing presses?  ,  ]]>
      </content>
      <pubDate>Sun, 04 Dec 2011 08:17:32 -0500</pubDate>
      <description>
        <![CDATA[The problem may be that Aristotle was a theoretician, despite his crummy lab work (he said that a dog had no muscles in his front legs).  He also apparently believed in gods (or &quot;Gods&quot; as we would spell it if he was right).  The markets don't seem to support your tragic view of life. All the ECB must do is to buy innumerable sovereign EZ bonds and pump out the Euros. Once  you start, it is like pop-corn or potato chips.  This will revive the markets, create jobs, and calm the masses. Of course, the ECB must jack up interest rates and tax the people until the pips squeak. That the ECB will love, and say with a heavy teutonic accent &quot;Ve tolt chu zo!&quot; But it will work. I would also tax the ownership of gold as a publlc nuisance, and bring back the motor scooter.  But inflation controlled or uncontrolled is better than having your eyes gouged out, or having huge chunks of your flesh torn out by uncomfortable gowns. No tragedy please. The art of government is to turn insoluble problems into problems you know how to solve. Remember, this is a continent that slaughtered and starved 50,000,000 people in their last war, and in ten years had put itself back to work and become half-free, employed, and soon was to be rich. They may need slapping around a little bit, but this despair is inexcusable. The real economy is in great shape and the workers are ready (except maybe in Greece). Its just a matter of money.  Are there no printing presses?  ,  ]]>
      </description>
    </item>
    <item>
      <title>Playing the Debt Crisis: Go Short but Anticipate a Rally</title>
      <link>http://seekingalpha.com/article/278787/comments?source=feed#comment-1786776</link>
      <guid isPermaLink="false">1786776</guid>
      <content>
        <![CDATA[Old shoes are the most comfortable. I like your analysis, but it may make Obama out to be more clever than he is. Playing poker with nuts is more dangerous than playing with rational people. Obama must get a deal that lasts beyond November 2012. T-baggers think the sky is falling. The spending trend is unsustainable. Masses of beneficiaries of Medicare and OASDI will not vote for anyone who cuts their income. Congress wrote the laws that screwed us up.Republicans have pledged on their sacred honor not to raise taxes. No patriot will vote for &quot;the man who lost Afghanistan.&quot; The party blamed for a default is doomed. This is an indeterminate game. Individuals must look after themselves. <br/>  ]]>
      </content>
      <pubDate>Tue, 26 Jul 2011 04:24:15 -0400</pubDate>
      <description>
        <![CDATA[Old shoes are the most comfortable. I like your analysis, but it may make Obama out to be more clever than he is. Playing poker with nuts is more dangerous than playing with rational people. Obama must get a deal that lasts beyond November 2012. T-baggers think the sky is falling. The spending trend is unsustainable. Masses of beneficiaries of Medicare and OASDI will not vote for anyone who cuts their income. Congress wrote the laws that screwed us up.Republicans have pledged on their sacred honor not to raise taxes. No patriot will vote for &quot;the man who lost Afghanistan.&quot; The party blamed for a default is doomed. This is an indeterminate game. Individuals must look after themselves. <br/>  ]]>
      </description>
    </item>
    <item>
      <title>10 Common Mistakes Made by ETF Investors</title>
      <link>http://seekingalpha.com/article/200390/comments?source=feed#comment-1651238</link>
      <guid isPermaLink="false">1651238</guid>
      <content>
        <![CDATA[just a learner at ETF --- 81 yo, PhD in econometrics before there was econometrics.  LT  ratio of speculative gains to losses  3:2.5, from a negative starting point, went positive net about 15 ya]]>
      </content>
      <pubDate>Sun, 15 May 2011 07:34:28 -0400</pubDate>
      <description>
        <![CDATA[just a learner at ETF --- 81 yo, PhD in econometrics before there was econometrics.  LT  ratio of speculative gains to losses  3:2.5, from a negative starting point, went positive net about 15 ya]]>
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