HarryHope

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  • U.S. Future in Coal Burns Bright
    When I chart KOL and USO over 5 years, they pretty much trade in sync. Historically lower oil means lower coal not the reverse as this article claims.

    A slowing global economy is likely to cause reduced commodity demand and that means lower coal as well as oil.
    Aug 11 09:49 am |Rating: 0 0 |Link to Comment |View article
  • The Dodd Days of August
    The homeowners don't need help other than postage to mail in their keys. Then they can rent a comparable home for as little as half as much they're paying for their mortgages. It's the banks that need help to get them out from under the mess they've made to create wealth for themselves. It's the banks, that will end up with the taxpayers' money while the homeowners continue to go upside down as home prices revert to mean; i.e. affordability at 2.5 family income. Long way to go and taxpayers will end up on hook.

    Dodd is his father's son.
    Jul 27 12:28 pm |Rating: 0 0 |Link to Comment |View article
  • Why the Housing Bill Won't Help the Housing Market
    The housing bailout is a sham. Homeowners under water can mail in the keys and rent for less. The banks are wringing their hands over folks losing their homes like they will be homeless. In fact moving to a rental will make them more sound financially. In the end the taxpayer bailout dollars will end up in the hands of the bankers who made this mess.

    Housing will drop until it's affordable like always. Long way off for that.
    Jul 25 12:15 pm |Rating: 0 0 |Link to Comment |View article
  • China Poised to Pounce on U.S. Coal Suppliers
    "Overseas coal has simply become too expensive for China to import.
    China exported 25.49 million metric tons of coal in that time, a 10.2% increase from the year prior. In fact, China’s coal exports soared 83.5% year-over-year in June to 6.99 million metric tons, the highest monthly total since March 2005, even as the nation suffered through a shortage of the fuel that has resulted in blackouts across the country and a multitude of energy providers being shut down."

    Why would China be buying US coal if its too expensive to import. And if China was exporting coal while short internally, wouldn't China first cut off exports? Article seems to contradict itself while spouting off lots of quasi-relevant numbers.
    Jul 22 07:56 am |Rating: 0 0 |Link to Comment |View article

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