Like the band, especially the guitarist. Like the song The Ghost Rider... on youtube. Gypsy-billy! CU at DECK.
Jaq... I am no longer posting on PBR. No value left there, tired of being stalked. Do you do facebook?
The units were over $60 in ´07. How is $48 "top dollar"?
$48 is called DILUTION. and management is called greedy morons who know how to raise money but don´t know how to earn money.
This board, which once was a refuge from stupidity, a good place to seek considered opinon about investments and the macro-economy, has been taken over by Yahoos selling research, opinon, and tom-foolery. The smartest guy on the board went from a fact based analyst to someone with a grudge holding to a wrong opinon for 4 years while waiting desperately for the redeeming event which will let him say "I told you so". And then there´s the douche-baguette, the stalker in denial of his need for medication, the one who gambles with his inherited money while bragging about his bank account and relationships with big-league banksters... but he doesn´t even know the difference between an income statement and a balance sheet. LMFAO! Life is too short.
Still obsessed with me? You want to "deal" with me? Can´t you think about anything else? Even my wife thinks you are gay, how else explain the obsession?
P.S. If the sky fell today, I didn´t notice it.
Musk was kind of cocky calling everyone who questioned the rebounding economy as Chicken Little. COCKY? I CALL THAT RIGHT AND ACCURATE, A CONCLUSION SUPPORTED BY THE FACT REGARDING THE ECONOMIC REBOUND. THE CHICKEN LITTLES HAVE BEEN WRONG FOR 4 LONG YEARS. IF THE CYCLE TURNS THEY MAY BECOME RIGHT, BUT THEY STILL WILL HAVE BEEN WRONG.
When I mentioned Europe failing, he scoffed and said "when is it going to happen?", when is Europe and the European banks going to fail? He made it sound as if it never would. I NEVER SAID IT WOULD NEVER HAPPEN. MY POINT IS AND WAS THAT ALL THE NEGATIVITY IN THE WORD - ESPECIALLY IN THE FACE OF POSITIVE DATA - IS USELESS FOR PREDICTIVE PURPOSES. WAS THIS LATEST POLICY ACTION PREDICTABLE? MAYBE, BUT NOT WITH ANY GREAT DEGREE OF PROBABILITY.
1. US corporate profits are at record levels across many industries, crooked bank accounting not withstanding. That is just a fact. To be sure, accounting is a somewhat subjective practice. If you have a problem with accounting talk to FASB. fasb dot org
2. JPM is a hedge-fund, and Jamie Dimon is a crooked bankster taking outlandish and unknown risk with public funds. I think we agree.
3. I think we agree that the Cyprus confiscation is probably the dumbest policy response since the very begining of the financial crisis. Nothing undermines confidence in a banking system as much as deposits at risk. But most of the other stuff has worked fairly well, so far. Of course you are entitled to disagree, but most of the facts do support that view. I am not sure what to make of logic that says: Actions A, B and C have been herlpful, but Action D has not, therefore the entire effort is a dangerous waste...
Please go away. You can change your ID but you can´t change the fact that you are a fool with nothing to add. Ignore, for the 3rd time.
Inflation is something you feel everytime you go to the supermarket. ZH thinks inflation is a reducion in the alcohol level of Maker´s Mark whiskey... but that´s just a really stupid marketing decision.
Inflation is also something you feel at the gas pump... but prices are hard to control, especially given that markets for refined product are increasingly influenced by global cost, supply, demand... not just local. American´s enjoy among the lowest energy prices in the developed world, but all you hear is whining and dis-information, never an acknowledgement of that basic fact.
Good post, Jaq. This guy has a clean, sober analysis. I agree with most if it. Thanks for that.
"The benefits of easy money only outweigh the the cost only if you are a spender and not a saver..."
RG, I grant that low interest rates do not directly benefit savers (obviously), but I just do not agree with your conclusion. Low interest rates benefit home-buyers, those who can re-fi old mortgages, corporate borrowers, state and local governments, borrowers of all kinds. They help businesses grow. Put the generalized benefits againt the cost to savers - especially given that savers have alternatives - and I think there is NO CONTEST.
This article on Bloomberg provides insight into the differences of opinion among the Fed Governors. (Several on FOMC Said Fed Should Be Ready to Vary QE Pace)
Importantly, none of them feel stimulus is a bad idea or has failed to work. On the contrary, they think it has worked. Some say plans need to be made to wind it down. Others say that is premature and we need more of it.
But maybe the armchair economists at ZH, and the guys fighting for the rights of the spanish worker know better. Higher interest rates, an endless real estate slump, more recession, fewer jobs, the cleansing power of economic hardship... That´s the ticket!
The benefits of easy money far, far, out weigh any costs. It´s somewhate paternalistic for you to say what is good for "us" is not good for Mom and Pop. I, for one, do not think I am any smarter than my neighbors.
"... it costs any American who travels to Europe " LMFAO!
"It costs the Spanish worker bc Spain is still so expensive, Americans don't go there." Glad your heat bleeds for the Spanish worker. Meanwhile, you think the low intereest rates, rising job market and rising real estate values that benefit Americans are a mistake. Why? Today is as clear an indication as one could ask for. Markets think stimulus is good because it help market and helps the real economy. They think remooving stimulus at this time is bad because markets are still weak... Yup, lets take the drip out of the patient´s arm now that we´ve sown him back up. Sure he´s prostrate and can barely walk, but so what, if he can´t stand on his own 2 feet, too bad.
"Where do you get off saying devaluing the dollar "costs us nothing"?" Devalued? Vs. what? The Yen, No. The Yuan, No. The GBP, No. The Euro, maybe... so one out of 4. Bad odds, Doc.
BTW, I agree mArkets are distorted. They are in mush better shape than they would be without stimulus. They are distorted Ina positive direction. his is hardly controversial, it it the opinion of virtually every mainstream economist and business leader.