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Latest Comments18 Comments
2 Top Energy Sector Bets
Is a Coffee Price Breakout Imminent?
No item limit, so I will stock up. Does anyone know shelf life for ground coffee?
Russia: Beware the Bear
They should have used diplomacy, not violence, to address the concerns of the minority populations in Georgia.
Economically, I think Russia will thrive and become an economic power; but it remains to be seen if they will become a moral force in a globilized economy. Over the years Russia has produced some great spiritual leaders, including Father Arseny, and I pray that a new generation of spiritual leadership will take control; it is obvious that the current leadership has not taken up the touch.
The End of U.S. Financial Domination
The dollar is accepted as legal tender is most countries. In this content the dollar has value. I can go to almost any country in the world and use my dollars to buy goods, services and/or assets; the seller in turn will exchange their dollars for their own currency.
The country’s central bank is left holding the dollar, which they reinvest in incoming producing assets. Sovereign Wealth Funds are simply a national vehicle for investing surplus dollars and other currencies into wealth producing assets. These wealth producing assets will generate goods, services and/or assets that will be exchanged for currencies.
If one listens to our policy makers one thinks that this is a never ending circle that is raising the standard of living of the poor and downtrodden. The argument that one is exchanging something (goods, services, assets) for nothing (currencies) doesn’t hold water with them.
They respond that economies are operating in a globalized economic environment and currencies are simply a medium of exchange to make the process work effectively. Currencies are governed by treaties and treaties can be changed to accommodate changing conditions.
Because globalization is a new economic force, market forces have not yet worked through the system. These market forces will correct and strengthen the globalize economy not ruined it.
The policy makers say that people of economic doom are simply ignoramus’s who don’t understand how the system works.
Freddie and Fannie: Nearly Gutted
Freddie Mac and Fannie Mae buys loans from banks and either resell the loans or keep them as an investment; with their demise it will be a matter of time before our banks adopt the Canadian home loan refinancing model.
McDermott International: Energy Diversified
Thank you for sharing your thoughts.
We Need Economic Stimulus, and We Need It Now
I think central bankers are hoping against hope that our next president will set some kind of controls that will prevent the arbitrary issuance of currency; if this does not occur then expect the dollar to be abandoned as legal tender for international transactions.
Enjoy your vacation.
BB&T Corp: The Best House in a Bad Neighborhood
Is Aurelian About to Be Sold?
Expect a large % of Aurelian Gold’s profit to be taxed by the Ecuadorian government in the name of the Ecuadorian people.
Keep EnCana On Your Short List
The Troubles in Financials Are Not Over Yet
These securities offered an inflation adjusted rate of return. Obviously no one understood these debt securities, as they lost value quickly,
Asset prices bubbled because of an excess dollar supply. Federal Reserve policy makers think they can deal with the problem by printing more money and making it available at low cost to the very institutions that created the debt problem.
The problem is that the process for selling this debt has changed and no longer is there buyers eagerly purchasing them. Also, the perception of the dollar’s value is slowly changing: when one exchanges their goods, services and/ or assets for dollars they are accepting a currency that is declining in value daily.
Investors are now entering into an uncharted financial storm caused by the following events:
1. dollar’s decline in value;
2. the potential difficulty in selling new debt securities;
3. The long unwinding of existing debt securities, with the realization that much of the AAA rated debt may be worthless.
It remains to be seen what the consequence of creating an excess money supply will have on the global economy, but my thesis is that the global economy will, in the end, demand that we put controls on our money supply. Or else.
And this is why I am spending May 08 in Ireland.
Cascade: Great Bank, Overvalued Price (CACB)
I just brought CSAB at $10 a share; I plan to buy more if price goes below $8 a share!
Cascade Bancorp: Attractive Breakout Stock
I just brought CACB at $10. And I will buy more if it goes below $8!
Energy, Inflation and Gold
Our politicians have developed into moralist and passed laws that prevent oil exploration on offshore California, in the Rockies, and other areas of the country where damage to the environment could occur if exploration activities took place,
Meanwhile the world central banker’s are stockpiling dollars at a rate not seen since the beginning of currency exchange system. What are they going to do with this currency hoard?
One thing is for sure our government will not allow the central bankers to use their dollar stockpiles in a way that would damage the US economy. So yes, buy commodities, but be sure that mines are in friendly countries.
Goldcorp Down as Gold Price Falls