tag:blogger.com,1999:blog-6616959642391988608.post3830730950451995661..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Weekly claims lower than expectedScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-6616959642391988608.post-80428996540123297892010-06-25T07:20:39.985-07:002010-06-25T07:20:39.985-07:00Benjamin,
I certainly agree that the Repubican pa...Benjamin,<br /><br />I certainly agree that the Repubican party has lost its way. Bush's prescription healthcare bill, ethanol subsidies, tarrifs on imported lumber, apples, steel, etc. are all bad policy. <br /><br />Debt financed wars however are a given. No other way and in fact taking on debt to secure a future that is free of radicalism sounds like sound policy to me. Besides it wasn&Bobhttps://www.blogger.com/profile/18190525712352815677noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-30600897520114765772010-06-24T19:15:08.069-07:002010-06-24T19:15:08.069-07:00"Bush jr, with his two debt-financed wars&quo..."Bush jr, with his two debt-financed wars"<br /><br />I guess Benji watched the people jumping from the towers on 9/11 and then went on about his business. And debt? For real, Benji boy? How's the debt looking with the Democrats running everything?<br /><br />"and prescription health care, and ethanol, damaged the Republic more than Obama ever will."<br /><br />Uh, Paulhttps://www.blogger.com/profile/06843411100678811292noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-32803999802308365032010-06-24T14:52:50.796-07:002010-06-24T14:52:50.796-07:00John-
Maybe Obama is as bad as you guys make out....John-<br /><br />Maybe Obama is as bad as you guys make out. To me, he is just annoying. <br /><br />Bush jr, with his two debt-financed wars and prescription health care, and ethanol, damaged the Republic more than Obama ever will. Remember? Our financial system collapsed on the Bush watch. <br /><br />BTW, how bad are things today?<br />Sometimes we lose perspective.<br /><br />The top Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-33147468145251550042010-06-24T13:11:43.615-07:002010-06-24T13:11:43.615-07:00How about taking the 300 billion
lottery money and...How about taking the 300 billion<br />lottery money and buying the 1.5 million excess existing homes??broderohttps://www.blogger.com/profile/12296214283216386700noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-67465748717353384402010-06-24T13:03:31.125-07:002010-06-24T13:03:31.125-07:00A clairification:
I am doubting my conviction tha...A clairification:<br /><br />I am doubting my conviction that the government is a major contributor to the fear, uncertainty, and doubt of market participants, not of my longer term convictions concerning our economy. I remain convinced that it is a good time for a long term investor to shop for bargains in a market dominated by fearful and pessimistic investors.Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-44070323625647149302010-06-24T12:57:31.120-07:002010-06-24T12:57:31.120-07:00Benj,
It isn't just pessimism. It is also fea...Benj,<br /><br />It isn't just pessimism. It is also fear, and pain from short sellers. The treasury market relects investors' desire for safety and liquidity. It is not just a money supply glut. If that were so, high quality stocks would not be so cheap. I have read that the earnings yield of the S&P 500 vs the ten year treasury bond (the spread) is the highest in decades. This Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-79079917639981768282010-06-24T12:16:15.943-07:002010-06-24T12:16:15.943-07:00I am not sure low interest rates are a sign of pes...I am not sure low interest rates are a sign of pessimism. They could be a recognition that the world has plenty of capital--more than can be invested. Rates can drop to zero--if there is too much capital, then you have the choice of overpaying for equities or property, or lending it out. <br />I think real interest rates go to zero for years on end. If you want security, you will get nothing Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-38404381546984390652010-06-24T12:09:30.207-07:002010-06-24T12:09:30.207-07:00Brodero: Rail traffic is a very impressive indicat...Brodero: Rail traffic is a very impressive indicator of economic improvement. Very hard to argue with hard numbers like these. The upward momentum this creates is going to be very hard to stop. I just have to believe the market is ignoring the significance of these types of indicators.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-22991091246928441842010-06-24T11:31:19.253-07:002010-06-24T11:31:19.253-07:00Check out weekly rail traffic...
http://mjperry.b...Check out weekly rail traffic...<br /><br />http://mjperry.blogspot.com/broderohttps://www.blogger.com/profile/12296214283216386700noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-13375964917300819272010-06-24T11:01:55.796-07:002010-06-24T11:01:55.796-07:00Septi,
Scott analyzes economic fundamentals by in...Septi,<br /><br />Scott analyzes economic fundamentals by interpreting economic data. The markets are a completely different thing. They can and often do diverge from economic fundamentals. As Scott has documented, the data point to a recovering economy, yet the market is not yet willing to assign a more normal valuation to the increasing earnings stream that a growing GDP brings. <br /><br />Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-42607770120311069082010-06-24T10:14:35.222-07:002010-06-24T10:14:35.222-07:00why are you more precient than the entire market?why are you more precient than the entire market?septizoniomhttps://www.blogger.com/profile/14253705209662419429noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-11896762730486346632010-06-24T09:42:18.389-07:002010-06-24T09:42:18.389-07:00Indeed it has. I keep thinking however that the ma...Indeed it has. I keep thinking however that the market's degree of pessimism is way overdone. Things are simply not as bad as a 3.1% 10-yr yield would suggest.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-67682676015550253962010-06-24T09:37:30.285-07:002010-06-24T09:37:30.285-07:00Scott,
Your chart of 10YR yields heading north ha...Scott,<br /><br />Your chart of 10YR yields heading north has fully broken down...Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-42254478838025855852010-06-24T09:04:18.817-07:002010-06-24T09:04:18.817-07:00The 52 week moving average of nonseasonally adjust...The 52 week moving average of nonseasonally adjusted jobless claims continues to move down.<br />Today it is at 491,871. It hit its high on October 31 2009 at 576,928.<br />Key marker is the July 10,2010 number that is the high number for mid year but we have GM not planning its summer shutdown so we<br />shall see what will be generated.<br />California continues to lag with 18% of jobless broderohttps://www.blogger.com/profile/12296214283216386700noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-87035276269385635422010-06-24T08:53:45.960-07:002010-06-24T08:53:45.960-07:00back to your blinkered relentless pointless optimi...back to your blinkered relentless pointless optimism.septizoniomhttps://www.blogger.com/profile/14253705209662419429noreply@blogger.com