shodai

4 Comments

    • ON: Mon Oct 6th 05:44 AM
      Commented on:
      Copper Prices Slumping; Targets Cut for Barrick Gold and Goldcorp
      Barrick has already cut production in gold, and will do the same in copper. Other companies will follow to keep prices high. I don't know where this guy is coming from. These companies have already announced that if prices fall, they will cut production. Look at the demand for gold, the US mints have stopped production of their gold and silver eagle coins because of demand. Demand will not decline because the miner will just cut production.
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    • ON: Wed Jan 23rd 14:49 PM
      Commented on:
      If Transmission Lines Don't Get Built, Neither Will the Clean Energy Generation
      Tom, you sure have the right.
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    • ON: Thu Dec 13th 12:00 PM
      Commented on:
      Greenspan's Legacy: The Housing Bust
      Greenspan's legacy goes far beyond just the housing bust! Don't forget the earlier stock market bubble in which he lied about until it was upon us. The big question you have to ask is whether Greenspan is an opportunist, a lousy one at that, unless serving the needs of Wall Street, or just plain corrupt. I lean towards the latter.
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    • ON: Fri Dec 7th 16:23 PM
      Commented on:
      The Government's Subprime 'Bailout' Plan Will Kill the Housing Market
      Good article. Two years ago, my family and I sold our house in CA because I saw this disaster way ahead of time. When I was selling everyone was bidding on a single house, jacking up prices to ridiculous levels. I even knew of college students able to buy homes with no credit history, or recent naturalized citizens bidding and buying these expensive homes. My experience with the Japanese real estate bubble taught me one thing, what goes up, does come down, the same as the stock market. Except this downturn is going to far different from the Japanese experience. Japanese save; Americans don't know the meaning of saving for a rainy day.
      Most of these people who are expecting to be bailed out, should just dump their homes and get on with their lives. Home prices will fall big time in CA because they are so overpriced compared to wages. Job creation is declining in CA, wages are declining, while healthcare, energy, and food costs are rising astronomically. Keeping a home on a bail-out as home prices decline and wages decline, is committing suicide.
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