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#16 Jimi

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Posted 02 September 2009 - 06:55 PM

A great comment from Richard Russell tday. :rolleyes:

I received this in the mail today. My first reaction was to laugh, but my second reaction was to shake my head and feel sad.

Let me get this straight -- Obama's health care plan will be written by a committee whose head says he doesn't understand it, passed by a Congress that hasn't read it, and whose members are exempts from it, signed by a president who smokes in secret, funded by a treasury chief who did not pay his taxes, overseen by a surgeon general who is obese, and financed by a country that is broke.

What could possibly go wrong?

Boy. That's pretty good at summing things up.
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#17 Jorma

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Posted 02 September 2009 - 06:56 PM

It's looks like fixed income of any type is where the money is being dumped.Always a bubble somewhere.....

I think people still want to be "in the game" but with less perceived risk,thus the rotation into any kind of bonds.



With stocks a few percent off their highs no less. The government/central bank liquidity machine has worked well. Does it end tomorrow or in 4 years?

TJ. Aren't you tempted to take the capital gains on your bond holdings? In part at least?



On health care we could take the $350 billion of currently unused TARP money and pay for the public optional insurance for several years by which time prices throughout the system would begin to fall. An optional public insurance system is the low cost plan long term. Something that is obvious if you study policy, not cartoons drawn by politicians and the industry and repeated ad nausium by people locked into their prejudices. Russel's little story is cute but has no meaning. It's a cartoon. And I ought to know. Just look at my picture.

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#18 capitall

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Posted 02 September 2009 - 07:00 PM

With stocks a few percent off their highs no less. The government/central bank liquidity machine has worked well. Does it end tomorrow or in 4 years?

TJ. Aren't you tempted to take the capital gains on your bond holdings? In part at least?



On health care we could take the $350 billion of currently unused TARP money and pay for the public optional insurance for several years by which time prices throughout the system would begin to fall. A public insurance system is the low cost plan long term. Something that is obvious if you study policy, not cartoons drawn by politicians and the industry.


Great idea. Best use of TARP money I can think of.

#19 Trader Joe

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Posted 02 September 2009 - 07:53 PM

TJ. Aren't you tempted to take the capital gains on your bond holdings? In part at least?



Very tempted and having planning to do just that.

#20 MrHanky

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Posted 02 September 2009 - 07:53 PM

My theory is this....


Muni's get run through the roof with some help from government sachs.Get the yields back to where they were before the crash so the states and cities can issue a crapload more debt.If this is the case,muni's still have a HUGE move ahead of itself.(another 25% move possibly?)

This way it does not cost the government much,just a few bucks to prop it...Then states can issue at low rates.

I don't know what's gonna happen for sure,and I am sure I will miss most of the move :unsure:


FWIW

Nothing


#21 POTUS

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Posted 02 September 2009 - 08:30 PM

There clearly some clarification needed here about the TARP "money"......

There is no TARP "money", sheeple!

It's all just IOU's!

Debt!

Unprinted FRN's!

It's "money" the Merkin Gubmint does not have.

So, in the future, please refer to Gubmint expenditures accurately, such as

"TARP debt that will bankrupt our grandchildren and never be repaid"

If you can't convince them; confuse them.


#22 TenaciousG

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Posted 02 September 2009 - 08:39 PM

WTF is going on with NatGas futures down to $2.66. I keep thinking I can catch a bottom only to find a new one! Is this some slow unwinding of a hedge fund or ETF?

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#23 mdporter

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Posted 02 September 2009 - 08:55 PM

My theory is this....


Muni's get run through the roof with some help from government sachs.Get the yields back to where they were before the crash so the states and cities can issue a crapload more debt.If this is the case,muni's still have a HUGE move ahead of itself.(another 25% move possibly?)

This way it does not cost the government much,just a few bucks to prop it...Then states can issue at low rates.

I don't know what's gonna happen for sure,and I am sure I will miss most of the move :unsure:


FWIW


Won't someone ask how the local governments/states are going to pay that money back when their tax revenue is in a death dive?
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#24 psyche doctor

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Posted 02 September 2009 - 09:09 PM

Natgas.jpg
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#25 MrHanky

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Posted 02 September 2009 - 09:10 PM

Up,up and away!

:mellow:

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#26 mdporter

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Posted 02 September 2009 - 09:10 PM

WTF is going on with NatGas futures down to $2.66. I keep thinking I can catch a bottom only to find a new one! Is this some slow unwinding of a hedge fund or ETF?


Too much capacity, not enough storage. Therefore prices are falling. If Seattlelaw is around he can explain all the stuff happening with natural gas drilling.
The men the American people admire most extravagantly are the most daring liars, the men they detest most violently are those who try to tell them the truth. -- H.L. Mencken

"Only a man who knows what it is like to be defeated can ... come up with the extra ounce of power it takes to win." - Muhammad Ali

"When plunder has become a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it." -- Claude Frédéric Bastiat

#27 psyche doctor

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Posted 02 September 2009 - 09:11 PM

WTF is going on with NatGas futures down to $2.66. I keep thinking I can catch a bottom only to find a new one! Is this some slow unwinding of a hedge fund or ETF?



I just picked up several contracts at around 2.72, not thinking that I found the bottom, that would be foolish, but that it is due for a pop.
I watched a snail crawl along the edge of a straight razor. That's my dream; that's my nightmare. Crawling, slithering, along the edge of a straight razor... and surviving

#28 MrHanky

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Posted 02 September 2009 - 09:12 PM

Won't someone ask how the local governments/states are going to pay that money back when their tax revenue is in a death dive?

Who said they would pay it back? :ninja:


Nobody asks questions,big money will chase yield to shield themselves from rising taxes.

Nothing


#29 psyche doctor

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Posted 02 September 2009 - 09:35 PM

natgas.2.jpg
I watched a snail crawl along the edge of a straight razor. That's my dream; that's my nightmare. Crawling, slithering, along the edge of a straight razor... and surviving

#30 TenaciousG

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Posted 02 September 2009 - 09:36 PM

I just picked up several contracts at around 2.72, not thinking that I found the bottom, that would be foolish, but that it is due for a pop.



Thanks PD and MD - my only thought is that the long NatGas and short Oil is too crowded and the big boys want to lean on those trades. Fundamentals seem to have little to do with markets these days.

PD - My grandmother is from New London, Texas and I remember her telling me the story of the natural gas explosion in the school which is the reason why an odor was added to natural gas. http://en.wikipedia....chool_explosion
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