tag:blogger.com,1999:blog-6616959642391988608.post5542768366149099615..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Markets are still priced to a very ugly outcomeScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-6616959642391988608.post-56610611352155764132011-11-21T11:51:18.227-08:002011-11-21T11:51:18.227-08:00id buy some aapl here, and more on the way down..id buy some aapl here, and more on the way down..Danielhttps://www.blogger.com/profile/17218368702832658780noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-69435023280960559392011-11-21T06:18:50.519-08:002011-11-21T06:18:50.519-08:00The question for North America is not if a recessi...The question for North America is not if a recession will occur, but what are the mechanism that would allow for the transmission of risk from Europe to North America. That JPM revealed last week that it held $5 trillion in gross derivative exposure is a good example of risk -- what happens if the OTC counterparty goes bust. Another are European banks in America (DB is the biggest).<br /><br />Frozen in the Northhttps://www.blogger.com/profile/04901959687094626879noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-90085235189060142442011-11-20T08:21:58.742-08:002011-11-20T08:21:58.742-08:00Brodero offers an astounding point:
"The wor...Brodero offers an astounding point:<br /><br />"The world is offering 30 year money<br />to the U.S. at 3%...."<br /><br />Doesn't that imply the global finanial system is a cesspool, figuratively speaking?Johnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-78649404582883511322011-11-19T13:23:41.864-08:002011-11-19T13:23:41.864-08:00Hi William, you made the statement that "...p...Hi William, you made the statement that "...previously you wrote in July [2011] that the USA would default on it's debt..." For the record, I did not write such a statement -- but, I am delighted that I am humoring you, thanks...McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-71573818063964877202011-11-19T06:47:52.296-08:002011-11-19T06:47:52.296-08:00Thinking about all this, why would the economy &qu...Thinking about all this, why would the economy "take off?" <br /><br />The labor supply is high, so wages will continue to sink for most. Any pick up in demand will force food and energy prices up, choking off any rally.<br /><br />Maybe if you get an ISDA, you can make a fortune placing bets. For the rest of us, it's Vegas, baby.Johnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-68360882841610961142011-11-19T03:52:01.348-08:002011-11-19T03:52:01.348-08:00The world is offering 30 year money
to the U.S. at...The world is offering 30 year money<br />to the U.S. at 3%....broderohttps://www.blogger.com/profile/12296214283216386700noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-33755693283287049202011-11-18T19:49:40.915-08:002011-11-18T19:49:40.915-08:00Hi William -- hopefully, everyone has already conv...Hi William -- hopefully, everyone has already converted from cash into dividend and rent-paying equities, which I have been advocating now for over six months -- those who have not yet plunged into equities by now are probably too late -- but, that's just my opinion -- you should do what you think is right for you and yours -- however, when I see spreads in bonds like those in Europe today, McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-24655269159663827922011-11-18T18:12:14.292-08:002011-11-18T18:12:14.292-08:00McKibbin - You are obviously kidding us. Three wee...<b>McKibbin</b> - You are obviously kidding us. Three weeks ago you wrote that you're "only problem" was that you couldn't find enough money to invest in this bargain market.<br /><br />Oh!! - previously you wrote in July that the USA would default on it's debt. We need - well maybe not - to remember your predictions ;~)<br /><br />Thanks for the humor.<br /><br />WWilliamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-9723348514563743982011-11-18T13:41:21.837-08:002011-11-18T13:41:21.837-08:00Terrific wrap-up by Scott Grannis. As always, we ...Terrific wrap-up by Scott Grannis. As always, we are indebted to Scott for his chart presentation, insights, and platform for conversation, even if we disagree on some matters.<br /><br />I wonder if on stocks, the market is moving to lower pe's long-term. After all, would you pay 10 times earnings for a bar? Yes, public companies can grow, but how assured is that? Bars can grow too, if Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-3341775389020507082011-11-18T13:06:09.082-08:002011-11-18T13:06:09.082-08:00Everyone should be taking cover now...Everyone should be taking cover now...McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-7127516134521127672011-11-18T12:50:03.597-08:002011-11-18T12:50:03.597-08:00I second that, William!I second that, William!Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-13281538095460496022011-11-18T12:32:35.801-08:002011-11-18T12:32:35.801-08:00Thank you for your excellent charts and analysis. ...Thank you for your excellent charts and analysis. I always appreciate your efforts on our behalf. I believe that one day in the not to distant future your "theme" will pay off handsomely.Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.com