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#106 DrStool

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Posted 07 February 2010 - 11:18 AM

I don't understand. Are you saying that your browser doesn't keep you logged in all the time? I am permanently logged in on each forum. I don't know how the tech stuff works that way. I just set my browser to remember the login when it was set up and it does.

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#107 Drano

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Posted 07 February 2010 - 11:22 AM

I think you need to check the box that says "keep me logged in on this computer" -- at least that's the way it works on Macs.
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#108 DrStool

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Posted 07 February 2010 - 12:08 PM

Latest Story

Wide Open Spaces – Professional Edition
February 7, 2010 By Lee Adler The market found support on Friday where it was expected, at 1050. Below that lies a huge air pocket that would be fertile ground for a crash. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.

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#109 TenaciousG

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Posted 07 February 2010 - 12:13 PM

I don't understand. Are you saying that your browser doesn't keep you logged in all the time? I am permanently logged in on each forum. I don't know how the tech stuff works that way. I just set my browser to remember the login when it was set up and it does.



Doc, the site never keeps me logged in even with the "remember me" setting checked. I have tried 3 different browsers (IE, FireFox, Chrome) all with the same result. It is really frustrating when posting as I will have to login 1 or 2 times before the post will take. I don't hear others complaining about this issue so I figure its just something on my end and accept it.

By the way, the new Chrome with extensions rocks. Added the Auto-Pager extension and Auto-Refresh which helps with keeping up with the posts.
Cynically optimistic

#110 DrStool

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Posted 07 February 2010 - 01:01 PM

The B.A.D. Stink Bombs

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To process what is transpiring in the world, we should focus on several stink bombs: Europe, the Anglo nations (US/UK) and Asia (primarily China). Today€™s focus is the first two.

Europe is front and center at the moment. Speculators are now attacking the Euro, not just covering carry trades. Now, I don€™t diminish the implications of how Europe deals with PIIGS (especially as a model or matrix of how events play out), but it€™s getting to look more and more like the sandbox du jour for the leveraged speculator to play in, while at the same time diverting attention away from a larger and a far more severe debt crisis in €œAAA rated€ UK and US

What the conventional wisdom is missing this nanosecond is that the impact in the US will be more far reaching than in Europe. The matrix of how this plays out is similar, but the effect is different. Right now in Europe, the crisis centers around the degree of austerity these busted countries will be required to endure, versus how much of a bailout the others must endure, versus how much of a partial default (or debt restructuring) yet others will endure. I will use the Winterism BAD to discuss this. €œB€ is for bailout and the level of support from the few remaining solvent countries (of which the US is not one). €A€ is for austerity and the degree to which it is forced on the desgracados (beggars and unfortunates). €œD€ is for the debt default level. What will be the new BAD formula going forward.

Despite what Keynesians like Paul €œTrainwreck€ Krugman may think, my hypothesis is that the days of 95% bailout, 5% austerity and 0% default are finished, acabado, kaput. This Krugman article belongs at the bottom of a bird cage. The perpetrators of bailout economics, which include about everybody, have used up the powder. In the process, they€™ve created a unresolved daisy chain and unfinished business. The remaining AAA nations:

Posted Image

Note: This is a baseline scenario. I€™m looking for a much worse trajectory on interest rates.

In fact within the US, there are several states that are hitting the wall in the same manner as Greece and Portugal.

Let€™s consider the relative impact of the suspects. The four states mentioned, and this is by no means all, constitute 22% of US GDP, while Portugal and Greece make up 5% of the EU. Who are the true desgracados here?

  • Calif.: 49.3% budget gap, $1.92 trillion GDP, 37 million popIll.: 47.3% budget gap, $610 billion GDP, 12.8 million pop
  • Ariz.: 41.1% budget gap, $206 billion GDP, 6 million pop
  • NJ: 30% budget gap, $416 billion GDP, 8.7 million pop
  • Portugal: 10.1% budget gap, 233 billion GDP, 10.7 million pop
  • Greece: 11.9% budget gap, 335 billion GDP, 11.0 million pop
  • Ireland: 11.6% budget gap, $217 billion, 4.2 million pop
  • Italy: 5.4% budget gap, $1.9 trillion, 60 million pop
  • Spain: 11.4% budget gap, $1.4 trillion, 47 million pop
The next chart shows what a complete train wreck Greece is, with both a debt trap and double digit twin deficits. Portugal has a little more time; but just like the US and UK, it€™s headed to the end of the line rapidamente. Unfortunately, the drama of Portugal€™s trap continues to build, as they failed to pass an austerity budget Friday. Among PIIGS, Italy appears to already be in a debt trap; however, its budget deficit and current account deficits are not as acute. It sort of, maybe, for now waits on the contagion back burner.

Spain and Ireland€™s public debt to GDP is well below the US and UK. (See first chart) But apparently, unlike the Anglos, it is frowned upon when Spanish and Irish gente run double-digit budget deficits, so they get labelled as PIIGS. I am not so sure default risks for Spain and Ireland are quite as piggish as for the UK and US (especially Calif., Ill., Ariz. and NJ), but the time to rein it in for all the stimulus and bailouts is at hand. In addition the following smaller European economies have surging default risks: Hungary, Bulgaria, Romania, Lithuania, Latvia, Ukraine. GDP can be found here.

Posted ImageClick to enlarge

Beside Spain€™s well-known property and housing bust, there are some serious labor cost problems that will require new investment or wage cuts to solve, but that would seem hard to execute under the circumstances. I traveled in Spain last summer and really liked the people and their nation. They seemed smart, nice, helpful and polite. It was easy to go about the country on fast rail. It€™s hard for me to believe that Spain has a human capital problem anywhere near the extent of China or Brazil (comments here, see last paragraph). It€™s also appears to be one of the most livable countries I€™ve ever been too. I loved Barcelona, Madrid, Seville, and on and on. If these things are a factor, its ability to eventually absorb its excess housing inventory could be superior to the ultimate clusterfornicate nation �" the US. The metrics of Spain are covered here.

Posted Image

Posted Image

In terms of BAD, not insisting on any serious austerity from PIIGS is just asking for the debt trajectory of France and Germany to accelerate further. Yet, adding more suffocating debt to a bloated debt crisis is not the solution. The same is true when shortly the contagion sweeps into the US and puts the various states in the cross hairs. Exactly how the US with a debt to GDP of 86% and counting bails out states using the tired, old 95% bailout and 5% austerity formula defies gravity. Even a shift to a BAD 90-10-0 formula will be a joke. They may try it, but the shelf life will be a flash in the pan, if that. Austerity and default are the next destinations. Bailouts and €œstimulus€ are no longer a serious option.



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#111 DrStool

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Posted 07 February 2010 - 01:06 PM

Doc, the site never keeps me logged in even with the "remember me" setting checked. I have tried 3 different browsers (IE, FireFox, Chrome) all with the same result. It is really frustrating when posting as I will have to login 1 or 2 times before the post will take. I don't hear others complaining about this issue so I figure its just something on my end and accept it.

By the way, the new Chrome with extensions rocks. Added the Auto-Pager extension and Auto-Refresh which helps with keeping up with the posts.


Sounds like a cookie conflict. Delete all cookies from Capitalstool.com and log in again. It should remember.

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#112 Trader Joe

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Posted 07 February 2010 - 01:42 PM

Posted ImagePosted Image

This douche, John "The Weasel" Courson (not to be confused with "Cecil Turtle"), said in an interview last year, "...he believed mortgage borrowers should keep paying their loans even if that no longer seemed to be in their economic interest. He said paying off a mortgage isn't only a matter of personal interest. Defaults hurt neighborhoods by lowering property values, Mr. Courson said. "What about the message they will send to their family and their kids and their friends?" he asked."

________________________

...Now fast foward to this past Friday, when the Courson's Mortgage Bankers Association (MBA) sold their headquarters for $41.3 million....which just happened to be a RCH short of the $75 million balance due on the mortgage
________________________

On Friday, CoStar Group Inc., a provider of commercial real estate data, announced that it had agreed to buy the MBA's 10-story headquarters building in Washington, D.C., for $41.3 million. The price is far below the $79 million the trade group says it paid for the glass-walled building in 2007, while it was still under construction. The price also is far below the $75 million financing that the MBA received from a group of banks led by PNC Financial Services Group Inc. to finance the purchase.

John Courson, chief executive officer of the trade group, declined in an interview Saturday to say whether the MBA would pay off the full loan amount. "We're not going to discuss the financing," he said. A spokeswoman for the MBA added that the MBA has reached "an agreement with all relevant parties" regarding the outstanding amount on that loan but declined to provide any details.

________________________

Ipso facto, you Sir....are a douche !

Story Source Article

#113 fxfox

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Posted 07 February 2010 - 02:20 PM

Doc, the site never keeps me logged in even with the "remember me" setting checked. I have tried 3 different browsers (IE, FireFox, Chrome) all with the same result. It is really frustrating when posting as I will have to login 1 or 2 times before the post will take. I don't hear others complaining about this issue so I figure its just something on my end and accept it.

By the way, the new Chrome with extensions rocks. Added the Auto-Pager extension and Auto-Refresh which helps with keeping up with the posts.

a question about Chrome:

does it need much ressources of the PC? More than firefox? Is it reliable? That auto-refrsehing thing sounds interesting. There are add-ons for firefox for auto-refreshing but they dont seem sto work so good.

Has anyone here have expereince with Chrome and can recommend it?
'patriot' is formed with 'patria' and 'idiot'

#114 Trader Joe

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Posted 07 February 2010 - 02:22 PM

a question about Chrome:

does it need much ressources of the PC? More than firefox? Is it reliable? That auto-refrsehing thing sounds interesting. There are add-ons for firefox for auto-refreshing but they dont seem sto work so good.

Has anyone here have expereince with Chrome and can recommend it?


Very fast....

Low resource usage....

I use it 95% of the time....Mozilla FireFox the other 5%

#115 Trader Joe

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Posted 07 February 2010 - 02:39 PM

Stockman on PBS NewsHour -- February 5, 2010

Teaser....

PAUL SOLMAN: So, if you had been in the administration after Lehman Brothers, you wouldn't have supported bailing out AIG?

DAVID STOCKMAN: No, absolutely not. It was the single most, you know, drastic error in policy in modern history, going back to the 1930s. This was exactly the wrong thing to do.

It's destroyed any basis for fiscal discipline in the United States. I was a member of Congress, and I know how they think. And they think by analogy. If you did it for John, you have got to do it for Bob. There is no way that any congressman is ever going to vote against farm subsidies or ethanol subsidies or housing subsidies or anything else, refrigerator subsidies, once we have made this tremendous bailout for Wall Street, and we stepped into AIG.

#116 TenaciousG

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Posted 07 February 2010 - 03:09 PM

a question about Chrome:

does it need much ressources of the PC? More than firefox? Is it reliable? That auto-refrsehing thing sounds interesting. There are add-ons for firefox for auto-refreshing but they dont seem sto work so good.

Has anyone here have expereince with Chrome and can recommend it?



I have to agree with TJ - Chrome is super fast and simple. Throw in the extensions similar to FireFox and I have no reason to use anything else (at least so far). Some of the other extensions I find convenient are Chrome Bird (twitter client), GMAIL, ChromePad (notepad), and Goo.gl URL shortner.

I upgraded last week to clean install of Win7 Ultra from Vista which has helped the overall performance of my machine. The other night I was watching a movie on Netflix, trading platform open, playing a graphics intensive video game, twitter client open and listening to online music without my machine even flinching. Pretty impressive.
Cynically optimistic

#117 capitall

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Posted 07 February 2010 - 03:11 PM

"The idea that you couldn't afford it doesn't wash. If he made you so much money, you could afford it. "

I spent it all on hookers and blows following him to south america, and honestly just am burned out on all of it now - like patrick bateman at the end of that movie. Now that I can meet my sex addiction with free net porn, no need to really make money in the market anymore to get my fix :(

Lee another change I would like to see is I have to log in here and at the other place, can't you do something to unify the login? Here was a hilarious book from 100 years ago that could have been written yesterday - I think only cynical stoolies will enjoy it though. That cobben guy is posting on the wrong side of your forums. ;)

http://forums.wallst...mp;#entry897727


The central addiction of our time there. Wasting/destroying money and resources. Seems when people, societies, or governments, have money or resources, they either blow it all on useless stuff and/or status symbols, or else lose it in the stock market, the RE market, the MBS market etc. We are mostly all like Dubai. Very few people seem to use money or resources constructively any more, to buy useful things. Doc, if you could make WSE into something totally useless, you could have tons more customers for it, LOL,

#118 Trader Joe

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Posted 07 February 2010 - 03:19 PM

Sunday is usually Jim The Realtor video day in Trader Joe's "ManCave"

I can watch this guys stuff for hours on end...


http://www.youtube.com/v/YjL63x5yAA8.swf

#119 swordfish

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Posted 07 February 2010 - 03:50 PM

GS see 1300 on SP500 by mid year and 1250 on year end.
latest report from GS:
www.scribd.com/doc/26478686/GS-Weekly-Kickstart?autodown=pdf
Jail, not bail!

#120 FranciscoTheMan

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Posted 07 February 2010 - 04:07 PM

I have to agree with TJ - Chrome is super fast and simple. Throw in the extensions similar to FireFox and I have no reason to use anything else (at least so far). Some of the other extensions I find convenient are Chrome Bird (twitter client), GMAIL, ChromePad (notepad), and Goo.gl URL shortner.

I upgraded last week to clean install of Win7 Ultra from Vista which has helped the overall performance of my machine. The other night I was watching a movie on Netflix, trading platform open, playing a graphics intensive video game, twitter client open and listening to online music without my machine even flinching. Pretty impressive.


... time to get that Ritalin prescription refilled
One day sometime in the future he'll [Cramer] come blubbering and whimpering on air half naked and smeared with his own feces. It'll be the buy signal of the decade. --PhatBubble
One thing I think is certain. The more the world's central banks act to suppress the cost of long term capital, the more of it the market will demand, thereby keeping upward pressure on yields until the CBs have no choice but to relent. At that point we should see a massive final blowoff similar to that which occurred in 1980 and 1981. --Doctor Stool
In a topsy turvy world, growing more and more insane by the minute, terminal eccentricities, like buying Fanny, are barely noticed--Beardrech
"[George W. Bush] is Woodrow Wilson on amphetamines." --Patrick J. Buchanan
"I simply don't know where the money is." --John Corzine





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