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  • Signs Of Deflation Grow [View article]
    Zebdoggymark, I'm not Cullen but I'm sure he would tell you that the way CPI is tabulated has changed over the years. Some feel that it has become a political tool with the worst ingredients left out. You can google this subject.

    I like Cullen and his approach but the whole exercise has limited utility. We have been "sold" the idea if hyperinflation by gold merchants and right wing radicals. Nobody ever considered that there are numerous factors involved in price levels. It was a shame that more people were not warned that there are a number of pathways to control inflation which were not available in the 1970s and this is NOT the 1970s!

    Well, excuse me while I polish my gold coin collection. Which is probably due to deep six.
    Dec 19, 2011. 02:03 PM | Likes Like |Link to Comment
  • AMR CEO Tim Horton admits that the carrier could become a takeover target candidate from "opportunists" in a letter to employees that was more direct in tone and less defiant than previous communications about the firm's prospects out of bankruptcy. He also writes that AMR will restructure debt and aircraft leases, ground planes, and will "most certainly end the process with fewer people than we have today." Shares trade down 4.4% on the day on their inevitable path to being worthless. [View news story]
    "AMR" may get out of it but there will be little or nothing for shareholders. I read of shares moving to $3. How any value would get by the employees and creditors is a mystery.
    Dec 16, 2011. 09:25 AM | Likes Like |Link to Comment
  • Gold prices (GLD -3.5%) are supposedly tied to inflation, but Eddy Elfenbein believes gold's value should be based on interest rates. He finds gold acts like a leveraged short position on short-term real rates, with a break-even point at 2%. David Merkel's variation on the model projects gold reaching $3,000 in mid-2013 if the Fed stays true to its word to keep rates low.  [View news story]
    The shoe boxes are full!! Unless the whole wheel comes loose, "Gold" has had its run. People made a lot of money selling coins which will be hidden away for the next 200 years in various places.
    Dec 15, 2011. 06:42 AM | 1 Like Like |Link to Comment
  • Bank Stocks: Now Is The Time To Buy [View article]
    Our banking and financial stocks were hit a bit too hard all along. That is understandable in light of 2009. But things remain at a high level of goofy.

    The prediction is that the European Crisis is going to drive the US markets lower again today.This is after another solution was heralded last week. I am generally not a paranoid person. However, the yo-yo volatility of these markets makes no sense but sure does open a door for profits to those who can buy and sell fast enough.

    Our media seems to be going along with this just as they bite on all kinds of tricky programs launched by our politicians without giving us the whole story Just ask anyone where the payroll taxes are coming from to see what I mean. And the other party can be nailed, too.
    Dec 12, 2011. 07:50 AM | 1 Like Like |Link to Comment
  • Markets Surge As World Engages In Global Bailout - But Don't Chase The Rally [View article]
    Yup. I have been reading about the terrible hyperinflation for about eleven years. Sure has helped sell a lot of gold coins. It is shame the geniuses couldn't have seen the subprime mortgage bubble or the fact that inflation has more factors than just money supply.And someone tell the other side that government spending is not what community activists tell us it is. It can be a dangerous drug.
    Dec 1, 2011. 09:48 AM | 1 Like Like |Link to Comment
  • The Stock Market: Elevated And Rising Risks [View article]
    We don't have mass hysteria and hate like the 1930's. We have a funk among the adults who lack imagination and cranky children who want to have their cake with no mess in preparation or clean up afterward.

    Western governments have not designed an economic system which supports their sundry goals. Is this what you are worried about?

    I can see the impetus for a crash or a boom.
    Nov 21, 2011. 10:02 AM | Likes Like |Link to Comment
  • Todd Sullivan's look at investing in the big banks reveals the potential for "very healthy" double-digit returns, especially for Bank of America (BAC), whose litigation risk is "massively overstated... as if they will lose every case against them and be forced to pay the whole amount they are being sued for." While perceptions are dictating valuation for now, "over time fundamentals will win out."  [View news story]
    Buy B of A. Just get Buffet's deal. Remember MF Global! It looked like a real bargain at $1.60.
    Nov 19, 2011. 08:42 AM | Likes Like |Link to Comment
  • A 11-year mission to pull oil out of the ocean near Kazakhstan serves as a cautionary tale for drillers after the price tag of the venture hits a staggering $39B due to political and geological roadblocks. Though Exxon Mobil (XOM +0.8%), Royal Dutch Shell (RDS.A), and partners are now only months away from finally seeing the Kashagan project deliver oil, analysts warn investors might not see actually turn a profit before the contract for the oil field expires in 2041. [View news story]
    Rotten imperialists.
    Nov 17, 2011. 06:32 PM | Likes Like |Link to Comment
  • American Airlines' (AMR -5.1%) board meeting has broken up with no major announcement filed yet. A blog covering the industry from top to bottom reports that AMR employees are bristling with the decisions of current management, begging for a change in a letter sent to the board: "You are the last line of defense. We implore you to make the difficult decisions to remove these executives from the company..."  [View news story]
    Do these employees have access to a different set of books/ Didn't Fitch claim that the managements offer must be accepted for the firm to avoid Chap11? Did I mention that used to be proud to be a shareholder but that I dumped thousands of shares this AM and lost money>
    Nov 16, 2011. 03:57 PM | Likes Like |Link to Comment
  • Iraq tells Exxon (XOM) it should choose between its deal with Kurdistan, which the latter confirmed today, or "lose its contract in southern Iraq." However, Hampshire College's Michael Klare says Iraq can do no more than sabre-rattle. "Iraq has no hope of reaching its lofty goals of higher oil output without Exxon’s involvement,” Klare says.  [View news story]
    You sure have a point charlesrkiss. I say tax them to death. Not because it makes sense but just to shut some people up. But don't go too far. See if it weren't for big oil or lots of big businesses, you could walk to work. Then you could find yourself paying the "job creating" unemployment benefits or mortgage breaks or other gimmicks every week to a ton of people to stay home and watch TV or occupy Wall Street. Does that make sense? Sure it does. That is why we are stuck with 17% staying home everyday.
    Nov 14, 2011. 08:47 AM | Likes Like |Link to Comment
  • Iraq tells Exxon (XOM) it should choose between its deal with Kurdistan, which the latter confirmed today, or "lose its contract in southern Iraq." However, Hampshire College's Michael Klare says Iraq can do no more than sabre-rattle. "Iraq has no hope of reaching its lofty goals of higher oil output without Exxon’s involvement,” Klare says.  [View news story]
    What happened to the good old days of getting paid when you got rid of bad guys? Trump has some thoughts on this. So do England's George III. Iraq can pay our national debt five times over. Wait..that was Bush's national debt.
    Nov 14, 2011. 08:37 AM | 2 Likes Like |Link to Comment
  • Federal Reserve Falling Short On Its Dual Mandate: Buy Precious Metals [View article]
    Inflation would help all the cheap real estate. Inflation would help all the government debt. Inflation would help the youngsters catch up with the old people with their pesky savings accounts.

    The scariest scenario is hyperinflation and economic collapse and a super Roosevelt. Then gold and silver may be be outlawed or tied up so bad it frog hops everywhere The good news is that probably will not happen.
    Nov 13, 2011. 11:27 AM | Likes Like |Link to Comment
  • Some Counter-Intuitive Questions You Were Afraid To Ask About The Euro Crisis [View article]
    I hope they give the Greeks what they want. Wait..if they do, then someone complains about bailouts and kleptocrats.
    Nov 13, 2011. 08:59 AM | Likes Like |Link to Comment
  • Traders Extremely Bullish On Gold For Next Week [View article]
    The conundrum is obvious. We have a flood of money. One would expect inflation except for the fear in the market and the competition from the BRIC with most manufactured goods and intellectual property of all types flows from Asia. We keep finding more oil. The Republicans keep Washington from going completely beserk and the Democrats will put the dampers on expensive wars for the next few years. Gold will appreciate with some coming inflation but it sure will not run away from the DOW or S & P. And if it starts to run, just jump on gold stocks.
    Nov 13, 2011. 08:34 AM | 1 Like Like |Link to Comment
  • File under take it with a grain of salt: The WSJ's David Reilly points out Bank of America (BAC -4.4%) CEO Brian Moyhihan is getting into the habit of some very public flip-flips. Just this week, the bank reversed its ill-fated $5 debit card fee before following that up with a plan to float $400M of common stock after repeated declarations the bank didn't need additional capital. Earlier in the year, BofA changed course on mortgage-related settlements and misfired when it told investors a dividend was coming.  [View news story]
    OK, would any of you be able to do Brian's job better?
    Our Prez has been failing in an easier gig for three years. Brian just has to learn to blame everyone else.
    Anyway, I own this stock so I can keep up with the installments of the soap opera.
    Nov 5, 2011. 09:27 AM | 1 Like Like |Link to Comment