Best Of The Best Share Discussion Threads

[traderabc] 30/4/2010 13:11

Michael Krieger - This Is The Last Dance

Submitted by Tyler Durden on 04/29/2010 11:17 -0500

[traderabc] 30/4/2010 13:10

Safe as houses?

Unwanted homes in Irish Republic could be demolished

They have been called the 'ghost estates' of the Irish Republic - about 300,000 homes built in the frenzy of the property boom that no-one wants to live in now.

Soon, many brand new houses could be demolished.

[traderabc] 30/4/2010 13:09

Warning for Britain as financial chaos spreads to Spain
Spain's economy was thrown into chaos on Thursday when its credit rating was cut, sharpening fears that Britain may suffer a similar fate.

[traderabc] 30/4/2010 13:05

Wednesday, April 28,2010
Fraudonomics
The big dirty secret of why you should worry about a fraud crackdown more than Goldman Sachs—revealed for the first time by an anonymous private equity 'hypocrite' and 'liar.'
By Mark Ames

[traderabc] 30/4/2010 13:04

[KR38] Keiser Report – Markets! Finance! Scandal! – & Max Fraad Wolff
April 29th, 2010 by stacyherbert
Respond

Stacy Summary: In this episode, we look at the scandals of bailout buffets for Too Big to Fail banks; selling complexity to very profitable unsophisticated investors; the IMF is ‘there to help Greece’ . . . in a Dr. Kervorkian kind of way. In the second half of the show, Max interviews economist Max Fraad Wolff about US government debt.

[traderabc] 30/4/2010 13:02

Schiff For Senate

Peter Schiff
Apr 30, 2010

When I first announced my candidacy for the United States Senate I really had no idea how well my message would resonate in the Nutmeg State. Well we're six-months in, and my campaign is really gaining momentum. I am very encouraged with the progress we have made. I am well received at the Republican Town Committee meetings with several towns having already voting to endorse me. I have more volunteers and more donors then any other candidate in the race and reporters statewide agree that I won the only televised debate, which explains why neither of my opponents will agree to another.

[traderabc] 30/4/2010 13:01

"In the end, more than they wanted freedom, they wanted security. They wanted a comfortable life and they lost it all - security, comfort, and freedom. When the Athenians finally wanted not to give to society but for society to give to them, when the freedom they wished for most was freedom from responsibility then Athens ceased to be free."
-Edward Gibbon The Decline and Fall of the Roman Empire

[traderabc] 29/4/2010 09:06

A Large Steel Box

Richard Russell snippet
Dow Theory Letters
Apr 26, 2010

"To make a real lasting impact on inflationary psychology and inflation itself, we need drastic cuts in the budget, but these cuts will never be."
Texas Congressman Ron Paul, April 1981.

[traderabc] 29/4/2010 09:04

Goldman Sachs, Market Makers and Max Keiser
April 28th, 2010 by stacyherbert
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Stacy Summary: RT's coverage of what I like to call Goldman Sachs show trial/hearing in Congress. Stay tuned for Max Keiser at 3.10!

[traderabc] 28/4/2010 21:22

Keiser Report – Markets! Finance! Scandal! – & Max Keiser!
April 27th, 2010 by stacyherbert
Respond

Stacy Summary: We look at a handful of the many Goldman Sachs fraud metaphors; the scandals of what the US bankers, regulators and government knew about Repo 105 before it helped take down Lehman Brothers, and of President Clinton's big mistake on derivatives. In the second half of the show, Stacy interviews Max Keiser, in virtual Hollywood, about the box office futures market. (p.s. – this is the last episode with this graphics package; from next episode we will have a total new look!)

[traderabc] 28/4/2010 21:18

Taibbi: The Lunatics Who Made a Religion Out of Greed and Wrecked the Economy
The SEC's lawsuit against Goldman Sachs is a chance to prevent greed without limits.
April 26, 2010 |




Photo Credit: David Paul Ohmer


So Goldman Sachs, the world's greatest and smuggest investment bank, has been sued for fraud by the American Securities and Exchange Commission. Legally, the case hangs on a technicality.

Morally, however, the Goldman Sachs case may turn into a final referendum on the greed-is-good ethos that conquered America sometime in the 80s – and in the years since has aped other horrifying American trends such as boybands and reality shows in spreading across the western world like a venereal disease.

[contrarian2investor] 27/4/2010 14:50

Hi traderabc,

Yes you did tell me about the Perth Mint Certs wrt PHPD.

---------

Greece Just Tip of Debt Crisis Iceberg: Roubini



c2i

[traderabc] 26/4/2010 23:49

Jim Rogers On CNBC Squawk Box April 22, 2010

[traderabc] 26/4/2010 23:48

Monday, April 26, 2010
Who is Jim Rogers ?




According to international investor billionaire and commodities guru Jim Rogers, in 1-3 years America will suffer a more severe economic crisis than the one we are in now. Who is Jim Rogers, what is his background and credentials, and why is he pessimistic on America's future? Multimillionaire and economist Jim Rogers explains why America has hard times ahead.

[traderabc] 26/4/2010 23:10

AGRI-FOOD THOUGHTS
by Ned W. Schmidt, CFA, CEBS
Schmidt Management Company
April 26, 2010

What a disappointment! We had high hopes for the Icelandic volcano. Not since preparations for the Millennium Bug has our mood been so upbeat. A real shot at a good calamity seemed to be possible. Then, it dwindled to nothing more than hot flatulence rather than the real thing. But, the Icelandic volcano is still there, trying to make things right. Well, it is only day 13 of the volcano, and you know what they said about the little train.

Much of what has been written on the volcano misses the point. Some travelers stranded for a few days do not sum to a meaningful economic event. Neither is the threat of mountains of ash reigning down on Europe the concern. Whatever the size of the volcano, the accumulation of particles in the air is potentially the story. Numerous climatologists have now been quoted as saying that the volcano will not change the climate. SUVs and cow flatulence will, but volcanos will not. No, the real story is whether or not the weather for this coming crop season has been altered from that which would have existed without the volcano ash interfering with the light of the Sun reaching plants.

[traderabc] 26/4/2010 23:04

I take you are still holding PHPD?


I hold it via Perth Mint Certs.

[traderabc] 26/4/2010 23:02

Economists: The stimulus didn't help


Hibah Yousuf
CNN
April 26, 2010

The recovery is picking up steam as employers boost payrolls, but economists think the government's stimulus package and jobs bill had little to do with the rebound, according to a survey released Monday.

In latest quarterly survey by the National Association for Business Economics, the index that measures employment showed job growth for the first time in two years - but a majority of respondents felt the fiscal stimulus had no impact.

NABE conducted the study by polling 68 of its members who work in economic roles at private-sector firms. About 73% of those surveyed said employment at their company is neither higher nor lower as a result of the $787 billion Recovery Act, which the White House's Council of Economic Advisers says is on track to create or save 3.5 million jobs by the end of the year.

That sentiment is shared for the recently passed $17.7 billion jobs bill that calls for tax breaks for businesses that hire and additional infrastructure spending. More than two-thirds of those polled believe the measure won't affect payrolls, while 30% expect it to boost hiring "moderately."

[contrarian2investor] 26/4/2010 19:22

Hi traderabc,

A cautionary tale, half way into the article.

Fed funds are FREE MONEY



c2i

[contrarian2investor] 26/4/2010 09:52

traderabc,

WRT AIGA I too hold a tranche from last year. I hope that my patience will win out. As they appear to be on the move again. Additionally we are only 2 months away from the start of hurricane season.

I have LWEA & AIGL which are my other agri ETF's, AIGL has performed much better than AIGA.

I also have MON:US on my watchlist for a purchase @ $60 or less as a long-term recovery play. Well if it is good enough for George Soros at an average purchase price of $78. Then surely it is even better lower down for little old me?

I take you are still holding PHPD?

c2i

c2i

[traderabc] 25/4/2010 22:03

From the Gold thread.

mroalan - 25 Apr'10 - 17:42 - 82027 of 82032

talks more sense than most.

[traderabc] 24/4/2010 12:58

For nations living the good life, the party's over, IMF says


Howard Schneider
Washington Post
April 24, 2010

In the lingo of the International Monetary Fund, the future of the world hinges on "rebalancing and consolidation," antiseptic words that would not seem to raise a fuss.

Who doesn't want more balance in their life?

But the translation is a bit ruder, something on the order of: "Suck it up. The party's over."

To keep the global economy on track, people in the United States and the rest of the developed world need to work longer before retiring, pay higher taxes and expect less from government. And the cheap imports lining the shelves of mega-chains such as Wal-Mart and Target? They need to be more expensive.