tag:blogger.com,1999:blog-6616959642391988608.post3025742652993273426..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Harpex updateScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-6616959642391988608.post-29237509293460398742010-05-05T10:34:01.348-07:002010-05-05T10:34:01.348-07:00Christian,
One further thought: Europe's debt...Christian,<br /><br />One further thought: Europe's debt problems are getting a pretty fair amount of press in this country. A silver lining to this is a lot of Americans are getting an education on the problems too much debt can bring. I have much hope that it will at some point down the road give our politicians (ALL of them) some political courage to address this country's Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-79115552593329483082010-05-05T10:18:55.124-07:002010-05-05T10:18:55.124-07:00Christian,
What I can imagine is Nancy and Harry ...Christian,<br /><br />What I can imagine is Nancy and Harry telling Ben to enjoy his final few months as Fed Chairman.Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-45068028757983018372010-05-05T08:44:27.750-07:002010-05-05T08:44:27.750-07:00john
agree with views
re EU you say "I have...john<br /><br />agree with views<br /><br />re EU you say "I have felt for some time this is kicking the can down the road so to speak, but the problem looks to be manageable in the short run."<br /><br />at least the EU (really IMF) is requiring austerity for bailed out member countries...more than i can say for the fed...<br /><br />imagine what would have happened if ben said to Christian S. Herzeca, Esq.https://www.blogger.com/profile/09913237226503475709noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-19498872388312653272010-05-05T08:17:16.850-07:002010-05-05T08:17:16.850-07:00Christian,
Re your EU questions, I expect the ECB...Christian,<br /><br />Re your EU questions, I expect the ECB to do what is necessary to save the Euro. They have already virtually eliminated any ratings standards for Greek debt loan qualifications (they accept Greek bonds as collateral for loans to Europe's banks who have bought the bonds). I have felt for some time this is kicking the can down the road so to speak, but the problem looks toJohnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-34793018710131811912010-05-05T08:09:07.680-07:002010-05-05T08:09:07.680-07:00Christian,
FWIW I am making some small buys in PO...Christian,<br /><br />FWIW I am making some small buys in POT and XLF this morning. I also like tech but as I am already somewhat overweight there I am holding off. <br /><br />As you point out corporate profits are quite good. We will bounce from this correction UNLESS we are seeing the top of the cycle now. With interest rates this low I just can't swallow that argument.Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-60037075939506135242010-05-05T08:00:52.293-07:002010-05-05T08:00:52.293-07:00little bit OT as well
from bespoke:
"The Ap...little bit OT as well<br /><br />from bespoke:<br /><br />"The April ISM Non-Manufacturing report released today was unchanged at 55.4, but after combining it with the 60.4 reading in April's ISM Manufacturing index, the sum of 115.8 is the highest monthly reading since December 2004. So while investors continue to get themselves worked up about problems in Greece, they are overlooking Christian S. Herzeca, Esq.https://www.blogger.com/profile/09913237226503475709noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-41430285326468225532010-05-04T21:58:49.104-07:002010-05-04T21:58:49.104-07:00Steve: a weaker dollar and rising commodity prices...Steve: a weaker dollar and rising commodity prices must eventually feed into a rise in the general price level in the U.S. A weak currency is the very definition of inflation.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-77394141818296072212010-05-04T21:57:24.705-07:002010-05-04T21:57:24.705-07:00Glen Lake: Thank you so much for your kind words. ...Glen Lake: Thank you so much for your kind words. I'm deeply honored to be placed in such company. I had the good fortune to meet Milton once and to hear him speak quite a few times, and I had the great privilege of knowing Art Laffer for most of the past 30 years and learning a great deal from him.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-35162564437135292892010-05-04T19:20:28.453-07:002010-05-04T19:20:28.453-07:00Scott,
domestic plastic, resin, cotton, etc shippe...Scott,<br />domestic plastic, resin, cotton, etc shipped elsewhere, processed with external components into finished products, and returned to home sweet home. What impact does the decline in the dollar, and the price rise in commodities have on imports with domestic price drivers?Stevehttps://www.blogger.com/profile/10943985560541193221noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-38504845652622399152010-05-04T17:22:52.494-07:002010-05-04T17:22:52.494-07:00Mr. Grannis,
I find your thoughts the most reasone...Mr. Grannis,<br />I find your thoughts the most reasoned and informative that I have found in my 50 years on WS.<br />I would only qualify that by saying that Uncle Miltie ( who I was priviledged to study with and then work with for almost 20 years) and Dr. Laffer, who through Dr. Freidman, I have been fortunate to communicate with over most of the last 15 years. Each of these estimed gentlemen Glen Lakehttps://www.blogger.com/profile/06396022933796428262noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-80059910307597460492010-05-04T12:32:14.132-07:002010-05-04T12:32:14.132-07:00Speaking of shipping look at page c1 of the WSJ to...Speaking of shipping look at page c1 of the WSJ today. China's imports of coal, are skyrocketing.<br /><br />Coal must be shipped. Also, think about what China demand, and Chinese fiscal and monetary policy means for coal prices.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-89462896350866919602010-05-04T12:23:29.567-07:002010-05-04T12:23:29.567-07:00Scott,
This may be a little off topic for this bl...Scott,<br /><br />This may be a little off topic for this blog post but Mastercard released their earnings today and they were quite good. They had improvement across all regions, including cross borders. It appears it is not just the US consumer that is beginning to feel better......despite the occasional posters we see around here from time to time.Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-74140875956047153912010-05-04T11:03:39.386-07:002010-05-04T11:03:39.386-07:00Maybe the same forces that derailed it before, kno...Maybe the same forces that derailed it before, knocking out 3/4 of activity, remain?Redbudhttps://www.blogger.com/profile/11129324296307875764noreply@blogger.com