It took Robinhood and his merry EPA band exactly 4 years to run BTU from $73 to $6.
It looks like this guy REALLY hates capitalism and the concept of majority rule. Particularly when the majority are the old white guys that lived it and breathed it and built it.
If the last 6 years hasn't been the King Kong of reparations then you haven't been watchin'.
Obama needs to stop spending money on the safety net, the treasury needs to stop printing bonds, the fed needs to stop buying those bonds, we need to chase the private "central bank" out of dodge, and a large number of US citizens need their standard of living lowered significantly, ie under the bus. Stop with the monetary arm twisting of the economy already. Let prices and wages take care of the economic swings just as it was before the "boys" had their Jekyll Island legislative powwow. This mess is out of control.
A 140 years ago bank stockholders were liable for bank losses, the currency was backed by gold, and wages/prices dealt with economic downturns. Monetary policy did not. In other words, no federal reserve bank.
And inflation...my first earned dollar which still hangs on my wall would purchase better than 20 Hershy bars or 4 gallons of gasoline in 1952 or 10 McDonalds hamburgers as late as the mid '60s.
Four years ago the Whitehouse indicated that they were going to trash the dollar to save the economy. Remember?
Deflation my ars!
Don't characterize it as inflation, call it what it is....outright theft.
You sound like a Wallstreet salesman.
"bond market is telling us"
If it is true that the Fed is buying better than 90% of the long end then the bond market isn't telling us a thing. The Fed is telling us that they intend to keep pouring fuel on the fire because inflation is their only way out.
Watch...When this mess is all said and done, maybe 5,10,12 years from now or maybe sooner, the massive pile of IRAs and vested retirement funds will be holding the bulk of the garbage which is now on the FED balance sheet. The "more intelligent" ALREADY realize that bonds are not such a good investment. That is precisely why the less intelligent are going to ultimately end up holding them BEFORE rates rise. The more intelligent don't want to give up the value in their dollars so less intelligent are going to be hoodwinked into giving up their retirements to pay the debt. Don't think so? Just give it time. The next GOP administration will couch the "sale" as stability and safety for retirees. Just watch.
The "Era of Financial Engineering" will never end.
The boomers entered their heavy consumption years and we got a huge inflationary spike. The early 80's.
Throughout what should have been their biggest earning years they sustained flat to declining real wages.
And as the boomers exit their spending years we got this huge deflationary spike.
Seven years ago corporate America, and home owning Americas were up to their eyeballs in debt but the taxpayer wasn't in bad shape. About $800b.
Today corporate America is flush with cash and significantly reduced debt, homeowners have lowered their standard of living to accommodate their debt loads... but the taxpayer, well he now has multiple trillions of dollars of debt.
Since the FED's inflation solution isn't working so well, the only source from which to get the debt paid back now Is either by stealing some value out of the dollar or going after the biggest single consolidated pile of money in the US. The boomers retirements.
The Financial Engineering is just beginning and the boomers are going to be the target of those engineers once again.
The biggest transfer of wealth in the history of mankind only looks like it has occurred. In reality it hasn't even begun yet.
"Environmental health is a huge comparative advantage for the U.S.".......As much as I disdain this worthless president and his political EPA, I would have to agree.
"If they don't then they deserve what they get"
"Don't worry"....sounds like you ARE worried.
Congress doesn't appoint the EPA head.
And even if congress threatens to cut the EPA's funding water off, it won't stop the regulation making and threats that come from the bowels of the administration.
As he becomes more and more rejected and impotent the vindictive ink will pour from his executive pen.
The problem is, and always has been, the black man in the white house along with his close inside contingent of bitter social rejects.
If 100k acres of Utica was worth over a Billion....then the PPS wouldn't be at $5! Just like every other natural resource company post 2008, MHR's stockholder equity is being bleed.
This country levered itself up to it's eyeballs. (remember the Lending Tree "Stanley Johnson" tv ads....watch them on youtube....they are hilarious.)
The bank run began.
Then the FDIC (we the people) plugged the hole.
First he tried to steal it back.
Then he tried to tax it back.
So when the uber wealthy used congress to tie his hands, he finally figured out that he couldn't get it.
Since he couldn't get it back he decided to inflate the value out of it.
But low and behold, our demographics wouldn't let inflation rage.
So he just loaded the country with mountains of debt and made damn sure that the bottom end got theirs through gigantic handouts while Wallstreet raged.
From 50000 feet and on a relative basis, those on the very bottom did OK.
And those on the very top did "real" OK.
But the largely white, worker, saver, and positive net worth middle class got hammered.
The point is that the FED will NEVER sell off their balance sheet. The FED will let it run off.
I can't believe that America hasn't strung this guy up.
He certainly earned it.
It was run up on super light volume in after market trading. Go look.
And then, surprise surprise, sold off in massive volume at the opening bell.
Is it ANY wonder that main street has nothing but disdain for Wall Street?
What a bunch of crooks.
Until November of 2016.
Not until we have endured eight years of this AFU interest rate, transfer of wealth, hogwash.
Remember when they owned the smart phone OS.
Remember when they owned the automobile systems.
Remember when they owned the home server OS.
Remember when they owned the only tablet OS.
Now it looks like they're going to loose the mainstream consumer OS too.
Gates screwed the post 2000 employees and investors as well.
No more betting the farm, capital investment, or quest for growth.
Just growth of the dividend. Funny how that didn't begin until Gates left.
If you were serious you'd tell it to China, India and the rest of Asia.
The Black Robinhood is doing enough damage to the middle class WITHOUT killing US coal.
Impeachment is to good for him, he ought to be lynched.
Gee wiz gents, It isn't supply and demand that's killing us. And it isn't the EPA either. It's the lump of coal in the Whitehouse that's causing the problems. He has two and a half more years to stick it to the people that he does not like and if you have been watching he's picking up the pace. Coal may well get hammered before he leaves the WH. I wouldn't count on 6 months...may 36.
You're right about one thing...not even the republican party can stop the Black Robinhood's EPA from killing coal. And BTU.
It is the result of our black ars president and we will probably have to wait till Nov 2016 for a recovery.