Date: Tue Mar 21 2006 11:00
trotsky (@Bernanke speech) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
good grief...as mentioned previously, the man is a Keynesian monetary crank.
his hobby horse, the 'savings glut' theory, is simply complete nonsense...and this guy headed the economics department at a US university? the mind boggles.
also, not the tiniest shred of credible evidence is offered as to why the yield curve's flattening/inversion is 'different this time'. he's just parroting what Greenspan pronounced on the matter ( likewise sans evidence ) .
apart from the panic-induced brief inversion during the '98 financial crisis, every yield curve inversion since 1858 has produced a recession ( if memory doesn't fail me ) . so we can choose to either believe a bureaucrat who by all appearances is an economic illiterate ( albeit garnished with degrees and accolades, which is more of a comment on the system than on the man ) , or the historical evidence.
i propose we should go with the historical evidence...just a hunch.
Date: Tue Mar 21 2006 14:02
trotsky (Apollo@Grasberg) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
as often mentioned before, political risk is one of the most overhyped commodities. obviously the market thinks this is a transitory issue, as evidenced by most copper stocks not doing much of anything in response.
that said, FCX has the problem of being a one mine pony. should there really be more extensive trouble, the company has a real problem. otoh, who honestly believes the Indonesian military can be challenged by a couple of bow-and-arrow wielding villagers? the Indonesian military has a certain reputation preceding it so to speak.
Date: Tue Mar 21 2006 13:12
trotsky (slowman@CDE) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
as far as i can tell, there's nothing wrong with it. the decision to issue shares in exchange for the silver content of a polymetallic deposit in Australia for instance was a very wise one ( they got those silver rights very cheap ) .
in addition, CDE regularly reports convincing exploration success at its South American properties, and via its relatively high cost US silver mines it sports extremely good leverage to the silver price. lastly, a look at the chart confirms a solid uptrend is underway in the stock, which sort of belies all the b*tching and moaning about CDE in these here parts.
Date: Tue Mar 21 2006 11:12
trotsky (Bleuler, 8:13) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
" If you choose to believe in conspiracy theories that is your privelege. "
this in reference to the question of whether one should believe the 'official' version of the events on 9-11.
what can i say? the government's tale IS ALSO a conspiracy theory.
in fact, it's a pretty elaborate one with a great number of to this day unexplained holes in it ( from illegal pre-attack share trades that were NEVER traced , to magical Arab passports that survived an inferno unscathed that brought down two skyscrapers plus a neighboring building , to an NSA travel warning to Mr. Ashcroft on 9-10, telling him not to use commercial flights, and so forth - note i'm not referring to any of the more outlandish conspiratorial claims by skeptics, but merely a few of the known facts that should give everybody pause ) .
in short, it is not a question of WHETHER one believes a conspiracy theory, but only a question of WHICH one.
regardless of whether the governmant's tale eventually turns out to have been the correct version, at this stage it is just another conspiracy theory.
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