Archive - 2012 - Blog entry

Yep! If you push that sausauge too far in an attempt to hide it, it's bound to start hurting someone... somewhere... 

Et tu, Brute!

Every time we see oil prices go up we hear that it will cause inflation and/or the economy will go into the tank. The premise is wrong because that has never happened.

Large IPOs often mark tops within sectors and within stock markets as a whole. In June 2007, shortly after the s*** had begun to hit the fan in the financial stocks, the Blackstone Group (BX) was able to get a multi-billion dollar IPO in. About a year and a half later, BX was down about as much as the Dow Jones fell between its 1929 peak and its mid-1932 nadir--almost 90%. Major IPOs and runs of hot IPOs in a single sector do not happen in a vacuum. They are not the result of a philanthropic attitude amongst corporate insiders or the financial community. Last year, memories of the crash had finally faded enough that it became time for U.S. investors to become the quacking ducks that, as always, Wall Street had food for. And of course, tech was there as the most palatable food. If they wanted, Facebook could raise every penny it needs, and more, from private sources. So ...

Beverage Rules Apply...

But coincidentally, the ECB’s next Long Term Refinancing Operation (LTRO) is set for February 29...

Sorry, you can't blame dollar and gold for the surging oil and gasoline price.

Will Germany go “all in” on the Euro experiment? I doubt it. In fact I’ve found the “smoking gun” the little known act that Germany has recently implemented that proves the country has a Plan B that involves leaving the Euro with minimal damage.

In the final installment of this interview, it's queried "Does GLD effectively print by selling shares in a Gold trust that does not have the Gold to back said investment?" or "Is this a form of fraud?"

Firstly, I prefer the label “realist” as a more apropos label than “gloom and doomer”. Most of us that have remained realists for the past six years or so have a very public track record through public blog posts and public interviews

Paging Paul Krugman ... Paging Professor Krugman to the White Courtesy Telephone ...

After an endless stream of horrid reports on the March 11 earthquake and tsunami, and the subsequent nuclear catastrophe, we’re ready for something ... lighter. And cynical.

I'm not a very good hedonist, I guess.

Here I am in Las Vegas, and to my way of thinking, everything I hate about the human race is conveniently compressed into one tidy package.

And I ask myself: what's my problem? Why do I let places like this get to me so much? I mean, after all, why should I care what other people do with their time and their lives? What business is it of mine?

"The world is for thousands a freak show; the images flicker past and vanish" --Johann Wolfgang Von Goethe

No mas....