Philly Jim

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  • Federal Commitments Now Total $5 Trillion
    How about a brief moment of hyper inflation to cut that number in half.
    Dec 20 14:27 pm |Rating: +2 0 |Link to Comment |View article
  • How the Fed Is Making Banks Lend
    Great article! Maybe the decoupling theorists will have learned their lesson and put their chins back down after this economic crisis. Don't bite the hand that feeds you. Would you keep feeding your puppy if you knew that one day that puppy would grow-up to kill you? When your asked to allow your products to be sold in another country, and you become rich by selling your products to this country, you don't then threaten this country by developing weapons and destroy satellites and staging military exercises. That's just plain ol' retarded, ain't it?

    Next up: The OPEC cartel starring our friend Vladimir.
    Dec 20 14:24 pm |Rating: 0 -3 |Link to Comment |View article
  • The Yen Is on Fire, Gold and Silver Continue Their Breakout
    Doesn't make any sense! Shippers and comms back on the rise?! There is nothing to ship, oil is sitting on ships in the water, grains and other foods are stockpiling, factories are shutting down en-masse across the world, and were back to pumping up commodities and breaking down the dollar? My only theory is that institutions need to park their clients with risk appetite's money somewhere and why not commodities? If we talk them up, they will go up, against the fundamentals, seems to be a favorite bubble to inflate. The Euro's pop against the dollar is just ridiculous, were way ahead fo the curve and will be out of this speculator's disaster faster than anyone else. I'm looking forwad to the Obama nation! -=) Happy Holidays everyone!!!
    Dec 17 23:45 pm |Rating: 0 -3 |Link to Comment |View article
  • Germany Is Fighting With Europe - Can China Be Far Behind?
    The great clash of ideals begins. 1.) China will not obey capitalist dreams of a billion consumers with an inflated currency 2.) Germany has a history of being "boneheaded"... I call it a superiority complex. 3.) Both realise they need the Anglos & others to keep consuming their products before they go broke as well; however, they always think of themselves first, it's only natural. The final problem of concern is the increasing dissent in the present world financial order: OPEC nations know the West wants off oil - they are protecting themselves; the East knows the West wants to get back into the manufacturing game - they are protecting themselves, and all the rest just want speculators to return to pumping up their tiny markets via commodities or property.

    Good luck to Obama, he has a major task before him and I'm sure he can handle it all!
    Dec 17 14:01 pm |Rating: +2 0 |Link to Comment |View article
  • Why AIG Gets Billions While GM Gets Scorn
    Dude, you missed the invitation, this is the Bush Going Away Bash! Grab those tax dollars while you can!
    Dec 13 01:42 am |Rating: +3 -3 |Link to Comment |View article
  • Retail Sales, PPI - and Why the GDP Could Still Tank
    bosun.j: Asian currencies are suppose to stay strong against Western currencies, this is part of the transfer of wealth from West to East. Multinationals can't wait to see Chinese have American purchasing power. Baht is surprisingly strong despite political chaos, crumbling exports and tourism and a spiritual leader (the King) about to depart.

    Nice article Kathy! Good currency calls!
    Dec 12 16:18 pm |Rating: +2 -1 |Link to Comment |View article
  • Dollar vs. Gold - Can We Trust This Change?
    No. Financial advisors are as confused as investors, just betting commodities will rise and the dollar will fall. This combination is the last thing this world economy needs, so it won't happen and if it does, it will be short lived. The dollar needs to remain stable if the world economy is to stabilize.
    Dec 11 21:53 pm |Rating: +1 -1 |Link to Comment |View article
  • Apple's Walmart Deal Will Effectively Kill Google's Android
    Um, Joe six-pack doesn't know how to use the i-Phone. They are simply getting ahead of the curve. Consumers are shunning more expensive outlets for a bargain. Something more interesting to keep an eye is in the drop in new subscribers of internet access plans for these smartphones. The prices will eventually have to come down for these services to be viable in this market.
    Dec 10 07:59 am |Rating: 0 -2 |Link to Comment |View article
  • General Electric: Genuine Risk of Collapse?
    Schiff & EuroPac always try to scare people out of the U.S. - where is he trying to get you to send your money now? You think the feds aren't paying attention to this fear mongerer?


    On Nov 21 09:51 PM TheComingDepression wrote:

    > Check out what Peter Schiff states is coming! 6 min. scary stuff.
    > He is the guy that comes on Glen Beck periodically..
    > thecomingdepression.bl...
    Nov 22 11:32 am |Rating: 0 0 |Link to Comment |View article
  • Infrastructure Spending Spree Risks More Bridges to Nowhere
    When you say infrastructure improvement, most American law makers think of paving roads. So, we will have our roads paved over 70 times a year instead of 10 now. Many of the "old timers" in congress don't even know what a maglev is.

    The government would do better to try and replicate 1998-99 when companies and the government were spending tons on upgrading their technology to avoid a potential collapse - this capital investment spending spree is what we need.

    Also, imaging all the extra spending money American would have with cheaper energy prices! If Obama can sell nuclear to the public, and press for public utility commissions to freeze price hikes and reallocate existing transfer payments in states to infrastructure instead, Obama's vision is feasible. Of course many will scream murder when they read the headlines states cut funds to poor to fund infrastructure improvements.
    Nov 19 23:02 pm |Rating: 0 0 |Link to Comment |View article
  • GM Could Benefit from Bankruptcy
    They want bankruptcy to free themselves of UAW obligation and adopt a business model like that of Honda or Toyota with hourly employees and little benefits if any.

    Retirees are backed by the UAW pension fund until the mafia steals it. They are also backed by the federal government.

    They are going to congress for show, they don't want or need the bailout, they need bankruptcy.

    The days of 30 bux an hour for manual labor are over! If this class of workers in society do not upgrade themselves intellectually and ensure quality education for their offspring, they are doomed to becomes part of the permanent underemployed underclass.
    Nov 18 18:11 pm |Rating: +2 -1 |Link to Comment |View article
  • How a Bankrupt GM Should Merge with Chrysler
    Let the old die peacefully. I feel like we are trying to save our 118yr old grandfather with multiple surgeries which are doing only wasting money and prolonging the inevitable. U.S. car companies have been managed by out-of-touch old white men for too long.

    Give new blood a chance. The government should be pumping money into successful small operations like Tesla Motors, not GM, Ford and Chrysler which are relics of our mismanaged past.

    Let the old pigs die or FIRE all the management and let the Obama admin run them like they should have been run under Al Gore had he not had the election stolen from him.
    Nov 18 12:50 pm |Rating: 0 0 |Link to Comment |View article
  • Jim Rogers on China
    Rogers is a Alabamian dolt on his way out of this world along with his friend George. Just looking at the cover makes me sick, "the world's greatest market", please! China is what it is because the U.S. sent over trillions of dollars in exchange for trillions of pounds of cheaply manufactured product. I guess Rogers thinks its the greatest market because you can buy an 8 year old slave or a 17 yr old bride with a few hundred dollars in any given city in China or Asia for that matter. These old pervs in Asia are so delusional!! They dare not mention the grave human rights abuses they caustically deny exist. He's selling a product, nothing more.
    Nov 16 00:59 am |Rating: 0 -2 |Link to Comment |View article
  • UltraShort ETFs: At a Tipping Point?
    I have a feeling U.S.. markets are bottoming out and could benefit from a sudden shift of funds from abroad into U.S. money markets/not bonds when/if the Asian "domino" falls in the financial crisis. So, I'm holding my EEV but dumping domestic shorts. Also, check out the next Direxion 3x funds, they're awesome! =)
    Nov 16 00:29 am |Rating: 0 0 |Link to Comment |View article
  • Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?
    If we cut American worker's wages, they will not have the purchasing power available to them to buy the products they make, thus they will not make any products and will continue to import cheap junk until Obama's admin raises the tariffs and cuts the corporate welfare to companies that share your ideology.
    Nov 13 16:25 pm |Rating: 0 0 |Link to Comment |View article

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