tag:blogger.com,1999:blog-6616959642391988608.post153659158437239438..comments2024-03-18T13:22:06.536-07:00Comments on Calafia Beach Pundit: PIIGS updateScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger28125tag:blogger.com,1999:blog-6616959642391988608.post-58932947267922703552018-02-28T00:56:01.957-08:002018-02-28T00:56:01.957-08:00Cipla's stock, up 1%, was the top gainer on th...Cipla's stock, up 1%, was the top gainer on the Nifty50 index. <br /><a title="Financial Advisory company" href="http://capitalstars.com/" rel="nofollow">Financial Advisory company</a><br />Sonal Jainhttps://www.blogger.com/profile/18236588393346408413noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-56885495853965607642012-01-03T07:17:07.886-08:002012-01-03T07:17:07.886-08:00According to the Wall Street Journal, Spain is end...According to the Wall Street Journal, Spain is enduring a current 22.8% unemployment rate, while Germany's unemployment dropped to roughly 6.8% -- herein lies the challenge for Europe -- the economic clash between Northern and Southern Europe has the makings of civil war and/or revolutions -- oh, but that's got nothing to do with monetary policy according to central bankers -- right -- McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-91146249562172806292011-12-30T19:07:31.464-08:002011-12-30T19:07:31.464-08:00Bill-
Maybe so, but corporate profits have been s...Bill-<br /><br />Maybe so, but corporate profits have been shooting through the roof. We hit record profits barely out of the recession. <br /><br />American corporations seem to be fairly well-run, and able to make money in all markets.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-83982477818882887122011-12-30T14:50:42.079-08:002011-12-30T14:50:42.079-08:00Don't know if anyone here reads Ken fisher at ...Don't know if anyone here reads Ken fisher at Marketminder but he predicted the market would be flat, based on historical data showing that bull markets are usually flat in their 3rd year because profits don't impress as much. Pretty awesome prediction>Billhttps://www.blogger.com/profile/06910619601367464068noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-45536627897644603642011-12-30T13:22:51.211-08:002011-12-30T13:22:51.211-08:00Dr. William-
Good luck to you too. I hope we avoi...Dr. William-<br /><br />Good luck to you too. I hope we avoid a depression, and we can easily do so.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-50380649330615913102011-12-30T12:59:07.117-08:002011-12-30T12:59:07.117-08:00@Benjamin, the US Fed (and ECB) are apparently pre...@Benjamin, the US Fed (and ECB) are apparently prepared to ride with the four horseman of the apocalypse (i.e., disease, famine, pestilence, & war) in order to avert monetary expansion -- the time for monetary expansion will eventually arrive, but much of the US and Europe will first have to take a detour through economic depression to get there -- I expect the US and Europe will remain in McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-59781543509981800942011-12-30T10:04:42.090-08:002011-12-30T10:04:42.090-08:00Mark Perry has good post today on inflation---ther...Mark Perry has good post today on inflation---there isn't any. <br /><br />Can anyone tell me why the Fed and Ben Bernanke-san are targeting zero inflation during the worst economic recession since the Great Depression? <br /><br />WC Varones--think about Japan. They have had mild deflation for the last 20 years, and the yen has been very strong. Their industrial output has fallen 20 percent Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-27449713606061132362011-12-30T09:34:04.939-08:002011-12-30T09:34:04.939-08:00Someone buying rental property must be prepared fo...Someone buying rental property must be prepared for the long haul. When in California I live in a small apartment complex in a really nice yuppie area. The landlord has not been able to rent two of 16 apartments for months and I consider the asking rent to be at market.<br /><br />An upside to buying with cash, which is a risk management technique, is that if the real estate market improves, Squirehttps://www.blogger.com/profile/14088030568579672500noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-30345840540306816552011-12-30T09:22:46.300-08:002011-12-30T09:22:46.300-08:00LA, you must live in California too where we beli...LA, you must live in California too where we believe that people in other states should subsidize our $140k Highway Patrol Salaries, $136k nurses salaries who now start at $90k out of nursing school, firemen retiring in the early 50’s with over $100k a year, and prison guards making $200k a year with overtime.<br /><br />We here do not believe there really is a budget problem and no action has Squirehttps://www.blogger.com/profile/14088030568579672500noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-5187171568409082542011-12-30T08:56:17.625-08:002011-12-30T08:56:17.625-08:00Hyper-inflation is probably a poor solution, along...Hyper-inflation is probably a poor solution, alongside another demented cousin, deflation.<br /><br />Moderate inflation and robust growth is what the doctor ordered.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-27217199242904525562011-12-30T07:44:35.356-08:002011-12-30T07:44:35.356-08:00@ Junkyard
I don't disagree. But we print mon...@ Junkyard <br />I don't disagree. But we print money for federal debts and to provide stimulus, so it wouldn't seem to be a big stretch to do the same for the states. If we are relying on past experiences and trust of elected officials that's a scary state of affairs. Printing money for state debts is merely an extension of existing policies it seems.L.A.https://www.blogger.com/profile/17235323298066514444noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-40734578826639258482011-12-30T07:03:46.906-08:002011-12-30T07:03:46.906-08:00"Regarding the looming crisis in California (..."Regarding the looming crisis in California (or any other state for that matter), what's to keep us from printing money to eliminate the debt? California doesn't seem remotely interested in changing its ways."<br /><br />1) Experience from the Hyperinflation that occurred when the Weimar republic tried it.<br /><br />2) Experience from the hyperinflation when the Continental Junkyard_hawg1985https://www.blogger.com/profile/18114117558513498514noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-70151356764633357752011-12-30T06:43:58.318-08:002011-12-30T06:43:58.318-08:00Regarding the looming crisis in California (or any...Regarding the looming crisis in California (or any other state for that matter), what's to keep us from printing money to eliminate the debt? California doesn't seem remotely interested in changing its ways.L.A.https://www.blogger.com/profile/17235323298066514444noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-16988400830347642672011-12-29T12:28:20.357-08:002011-12-29T12:28:20.357-08:00PS: I know a physician who just purchased an apart...PS: I know a physician who just purchased an apartment complex for half of its original market value -- however, this person was able to write a seven-digit check from his savings account -- again, this is what depressions look like -- the same conditions and opportunities prevailed across America during the 1930's -- rent and dividend-earning equites are in high demand these day, but cash isMcKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-88540972924240056562011-12-29T12:23:10.213-08:002011-12-29T12:23:10.213-08:00@Squire, yes, rent-paying real estate generally re...@Squire, yes, rent-paying real estate generally requires a cash purchase deal, which is what you are apparently finding in San Francisco -- properties that are vacant are to be avoided, such as what you are finding in Nevada -- accredited investors with cash are in a "buy" window of opportunity -- cash is king during depressions -- all the good real estate that is earning rent generallyMcKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-32517906483145731322011-12-29T12:11:58.278-08:002011-12-29T12:11:58.278-08:00Dr. William, deflation may have set in on home val...Dr. William, deflation may have set in on home values but two things:<br /><br />One is that on the San Francisco Peninsula I cannot find a decent value or positive cash flow rental house or small apartment house without a massive down payment.<br /><br />Second is that in Nevada I can buy houses for a song and a dance but I cannot find renters who can pay the rent so my existing property sits Squirehttps://www.blogger.com/profile/14088030568579672500noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-72377514700597672162011-12-29T12:05:46.588-08:002011-12-29T12:05:46.588-08:00Krugman, wh is not always wrong, suggest the ECB w...Krugman, wh is not always wrong, suggest the ECB will practice monetary expansionism, by printing up money and giving it to the banks that own Euro debts. <br /><br />Maybe.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-89725000444150136362011-12-29T11:20:02.429-08:002011-12-29T11:20:02.429-08:00@Donny, Europe will blowup once everyone realizes ...@Donny, Europe will blowup once everyone realizes that the degree of "restructuring" required in the PIIGS is infeasible politically -- nevertheless, cuts in public spending are imminent, be they by public policy or simply national defaults -- either way, depression is imminent in Southern Europe -- the US is also facing a blowup given that banks made a "seasonal" decision to McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-83608156828041130602011-12-29T10:36:39.434-08:002011-12-29T10:36:39.434-08:00Italy remains the trouble spot and looking at thei...Italy remains the trouble spot and looking at their yield curve, they seem to be doing better on the short end than on the long end. The 1 and 2 year yields are down nicely and even the 5 year has moderated, if a bit less so. But they are struggling with the 10 year which is back up to 7%. This tells me that all the actions to date have taken some pressure off the near term funding outlook butDonny Baseballhttps://www.blogger.com/profile/08040288585224426073noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-3108246962482211122011-12-29T08:51:20.641-08:002011-12-29T08:51:20.641-08:00William-
I wish I knew more "inside baseball...William-<br /><br />I wish I knew more "inside baseball" on Japan's monetary policymaking.<br /><br />The yen has been strong for 20 years, generally rising, while Japan's industrial output fell by 20 percent, property fell by 80 percent, and equities are down 80 percent. <br /><br />Yet some in the USA call for tight money and a strong dollar!!!!<br /><br />I assume the Bank ofBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-11290282284571663102011-12-29T08:37:30.432-08:002011-12-29T08:37:30.432-08:00I'm working on a post about gold, but the shor...I'm working on a post about gold, but the short answer is that at $1900 earlier this year, gold had priced in just about everything that could go wrong. As it turns out, not everything is headed for disaster, so gold had to give up some portion of its gains.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-50125042714749303432011-12-29T08:34:10.475-08:002011-12-29T08:34:10.475-08:00Scott,
Why gold is falling so sharply, is this due...Scott,<br />Why gold is falling so sharply, is this due to a Citi eco suprise index rise which may delay QE3 in US?qwehttps://www.blogger.com/profile/11825003412704000546noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-70205898373616970272011-12-29T06:53:57.011-08:002011-12-29T06:53:57.011-08:00The top graph lumps a lot of countries together, s...The top graph lumps a lot of countries together, some of which<br />are much more fiscally responsible than others. It excludes Norway, Sweden, UK and Denmark - all countries that are doing pretty well. <br /><br />The media here, I think, tend to lump European countries together for purposes of argument. Such "lumping" can be misleading and lead to inaccurate assessments. <br /><br />Johnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-17764776621070310962011-12-29T03:28:34.476-08:002011-12-29T03:28:34.476-08:00Scott, after following your blog for about a year ...Scott, after following your blog for about a year I would like to thank you for the work and wisdom you put into your updates. This is the wonder of the internet that a few good souls can give something of huge value to all of us.I look forward to more of the same. All the best to you and your family in the new year.burmanhandshttps://www.blogger.com/profile/09017094019479329952noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-72029941730183704622011-12-28T18:33:56.550-08:002011-12-28T18:33:56.550-08:00Benjamin said: "Eventually, so many bonds are...<b>Benjamin</b> said: "Eventually, so many bonds are sold at 1 percent interest rates that a new bond holding class emerges, deadset against any stimulus of any kind."<br /><br />That is an original thought! Do you suppose that is the case now in Japan?Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.com