mlyn

Comment Stream

Comment Stream
Filter comments by:
Highest rated Latest comments
Or filter by symbol:
  • Ultra Short Treasury ETF: Have Patience, Money Will Eventually Flow Again
    But one cannot compare the Japanese deflationary period to the U.S. dollar when the latter is the international reserve currency for trading, prices commodities, sophisticated Wall St markets and SEC regulation and so forth.
    That's why treasuries are so overbought. It's truly another "Mad-off"-wi... the-money scam.

    But when the U.S. dollar becomes suspect as a true "safe haven," where will investors go if they begin to suspect all fiat currencies?

    As a separate issue, I agree that the quantitative easing might make TBT a problematic shorting strategy for now. The U.S. dollar is going to sink, but no one can predict the timing.


    On Dec 23 08:36 PM Dan Weiss wrote:

    > In the short-term Treasuries could actually continue to rally. Economic
    > conditions will remain poor through at least much of next year and
    > the Federal Reserve's new policy is quantitative easing through the
    > purchase of these bonds which would be shorted in these instruments.
    > Keep in mind in Japan that the 10-year rates fell below 1% so anything
    > is possible. Long term, I agree with the author 100% that Treasuries
    > are overvalued but they can be propped up for a long time by the
    > Government.
    Dec 29 15:12 pm |Rating: 0 0 |Link to Comment |View article
  • Chinese Youth Will Propel Economic and Political Changes
    The parents or grandparents at least have a tradition of purchasing gold and other gems for their children. If the young generation no longer continue that tradition, that would be too bad.
    Dec 29 14:35 pm |Rating: 0 0 |Link to Comment |View article
  • Confessions of an Austrian Economist
    Since fiscal stimulus appears inevitable, a better and rapid stimulus might be in buying commodities for reserves like base metals, oil, natural gas, etc. because they are cheap now. Long term infrastructure completion takes too long for a fiscal impact.
    Dec 12 19:09 pm |Rating: 0 0 |Link to Comment |View article
  • Is It Time to Short Bonds?
    I'm new to investing so I don't quite see the big picture and all the related elements in the picture. But my questions are: If one buys precious metals, isn't that the same as shorting the Treasuries? If the Fed buys the T-bonds, won't that prevent the U.S. dollar from falling? Can't the Fed and other central banks continue to suppress the gold price?
    Nov 24 14:19 pm |Rating: 0 0 |Link to Comment |View article
  • Economic Outlook: Is It Safe?
    Anyone who is anti-government based solely on ideology had better explain the bloated $600 billion pentagon budget, the two wars which are off-balance sheet.

    Let's hope we finally get a government budget that "spreads the wealth" to transportation, alternative energy, infrastructure, science and technology, education and health care.
    Nov 02 00:52 am |Rating: 0 0 |Link to Comment |View article
  • Wachovia Sale to Wells Fargo Is a Better Deal for the U.S. Banking System
    I think alersjr is correct.

    Since last year when CEOs were being fired, one of them being Citibank, I read from astute analysts how C had a lot of the toxic level 3 OTC derivatives that are over-leveraged 30 to 1. C hasn't been in the news lately, but I wouldn't be surprised that the FDIC is pushing Wachovia to C, hoping two weak banks become one that is "too big to fail." The OTC derivatives have yet to fall. I think the U.S. taxpayers are getting hit by the "economic hitmen" except it's our own government doing it. Go Wells Fargo!

    As far as I am concerned, the failed/failing banks represent the banks that do the bidding of the President's Working Group or the "Plunge Protection Team" which includes laundering funds for the CIA, keeping the price of precious metals low, propping up the U.S. stock market and the U.S. dollar. The fundamentals of this country are awful, and President's Working Group's (Treasury, Fed, et al.) smoke-and-mirrors are being revealed. The politicians gave Wall St what it wanted via less regulation. Wall St (banks, hedge funds) earned enormous profits which recycled back into political campaigns. Now the President's Working Group is trying to save them in order to maintain their avenues of international influence.

    This bailout, in my opinion, is only a short-term answer, to maintain "stability" during the elections and the rest of 2008. This allows Bush-Cheney Adm and Paulson and Cox and other Wall Streeters time to "bail out."

    If you want to learn more about the banks, see solari.com and read, now an outdated commentary, "Where Would Jesus Bank?" by Catherine Austin Fitts. It includes a list of banks, some of which no longer exist, that supports "free market" manipulation. Catherine used to work for Bush I but left because she could not fight against the corruption of the Bush I Adm.
    Oct 05 18:17 pm |Rating: 0 0 |Link to Comment |View article
  • Gold Bulls: Beware
    Central Fund of Canada (CEF) is an investment holding company of both gold and silver. It has the metals in a vault. Look it up and the SA articles citing it.
    Oct 02 18:00 pm |Rating: 0 0 |Link to Comment |View article
  • Paulson's Plan is About Marking to Market
    I thought Paulson had to sell his GS positions before taking the Treasury office. His friends and family probably have GS stock. But as former CEO of GS, and one of the institutions in which the US launders money, historically, it's better to "save" this institution because it's an important tool, a source of capital.
    Sep 29 14:42 pm |Rating: 0 0 |Link to Comment |View article
  • McCain's Economics
    Either we get taxed or we get "taxed" through hyperinflation. Take your pick. Either way, the middle class gets hit.
    Sep 29 03:41 am |Rating: 0 0 |Link to Comment |View article
  • Tuesday Options Outlook: LEH, WM, AIG, OIH, DOX, TRA, SVNT
    Funny . . . I thought it was the neoconservatives, the old wealth who are probably funding their foreign accounts in case Obama wins; While the rest of the 95% are stuck here if McCain wins
    Sep 24 12:29 pm |Rating: 0 0 |Link to Comment |View article
  • High Dividend Stocks and Preferreds Soar
    3X taxes? 6X taxes? This is a Republican/neoconserva... recession! Better sell your hummers and motor boats, quit those ski trips to Vail, CO, clean your own mansion--but not the tithing to the church; oh, no, tithing makes up for the greed.

    Just start saving like the rest of us, jack---! The middle class has been tightening its belt; it's time you do the same.
    Sep 23 02:17 am |Rating: 0 0 |Link to Comment |View article
  • Wall Street, R.I.P. Now What?
    Me thinks that John Perkins, the author of "Confessions of an Economic Hit Man," should weigh in on this debacle. The urgency of Paulson and Bernanke when they reported to Congress that we need broad powers and and a blank check--right now!--seems suspect. Kinda like the "9/11" of financial hits--except it's the American middle class that's getting hit. The people at the top just need to tighten their belts, sell their ten cars, give up vacations at Vail, CO . . .
    Sep 23 01:58 am |Rating: 0 0 |Link to Comment |View article
  • Wall Street, R.I.P. Now What?
    Me thinks that John Perkins, the author of "Confessions of an Economic Hit Man," should weigh in on this debacle. The urgency of Paulson and Bernanke when they reported to Congress that we need broad powers and and a blank check--right now!--seems suspect. Kinda like the "9/11" of financial hits--except it's the American middle class that's getting hit. The people at the top just need to tighten their belts, sell their ten cars, give vacations at Vail, CO . . .
    Sep 23 01:56 am |Rating: 0 0 |Link to Comment |View article
  • Solving the Illiquidity Problem Alone Won't Be Enough
    JasonC:

    Both parties are responsible for this, but the Republicans via the neoconservative base, have wrecked this economy. The wrecking crew has been active since the 1970's when the U.S. went off the gold standard, was supported further in the 1980's when Reagan was in office, demoralized in the 1990's when Clinton was reigning but used social values and Monica to repeal the Glass-Steagall Act, and then the last eight years of the Bush-Cheney regime really, really killed transparency and acountability. (Elliot Spitzer also was taken down.)

    The neoconservatives are taking the American public down the road of fear and fascism. Whether or not John McCain wanted this, he went to the "dark side" when he accepted the neoconservative condition of having Sarah Palin as his sidekick. All his advisors are lobbyists for Wall St.
    Sep 22 16:33 pm |Rating: 0 0 |Link to Comment |View article
  • Don't Worry, The Banking System is Sound
    www.moderateindependen...

    The best and the brightest . . . they are crooks!
    Sep 17 18:19 pm |Rating: 0 0 |Link to Comment |View article

mlyn's Comments Stream Stats

  • 38 Comments, 0 , 0
  • Total Comment Stream rating - = 0