Comments on: Safire, 1998: Don’t Bank On It

By: dead hobo

dead hobo — Thu, 26 Mar 2009 13:05:51 +0000

ben22 Said:
March 25th, 2009 at 6:14 pm

I actually agree with your short term take on oil, I think that also could happen but I think the 100% correct calls on oil are going to be harder to come by. I’m no oil pro and even I made good money last year getting short when oil “had to go to 200″

reply:
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Once speculative money no longer floods the oil market and supply isn’t constrained by providers, my skills at reading the future will diminish. Since money needs a place to go and since people follow patterns, speculative flows into oil will continue for a long time. The only thing preventing it from going back to absurd levels at this time is the unavailability of junk credit. Perhaps the CFTC will be given powers to limit speculative induced commodity inflation.

By: james hogan

james hogan — Thu, 26 Mar 2009 00:48:40 +0000

It just goes to show you that the right isn’t always wrong. There are some areas where the right and the left overlap, one of them being an ingrained distrust of large concentrations of power.

In fact, the phrase, (the absolutely correct phrase, IMO) “If something’s too big to fail, then make it smaller” came from George Shultz, a member of Ronald Reagan’s cabinet.

We need more of this, and we need it now.

By: Foghorn Longhorn

Foghorn Longhorn — Wed, 25 Mar 2009 23:15:40 +0000

Thanks
Need to update my site, recently right-sized my herd.

Jimminy Crickets
Mickey Mouse is a busy little beaver.

By: Mark E Hoffer

Mark E Hoffer — Wed, 25 Mar 2009 22:56:37 +0000

foghorn,

when one ‘logs in’, WP asks for a URL:–or, at least, it did for me..

By: Foghorn Longhorn

Foghorn Longhorn — Wed, 25 Mar 2009 22:48:57 +0000

hoffer
How do you do the name/link thingy?
Do I have to subscribe?
Thanks

By: ben22

ben22 — Wed, 25 Mar 2009 22:14:34 +0000

Looking out a little further than next week I think the next clue is to listen very carefully to hints BB is going to start to drop about the Fed’s desire for inflation, and what the target will be. That seems to be getting lost in the noise of what will happen to m2m, AIG bonus, etc. This is the next step.

That seems more important, at least for a guy like me, that is trying to make investments, not mainly trades.

@ dead hobo,

To others more familiar than I am with them, what are people thinking about this idea of the dutch auction for these toxic assets. I keep hearing that lots of people are suggesting this type of auction.

By: tranchefoot

tranchefoot — Wed, 25 Mar 2009 22:11:28 +0000

Thanks, MEH.

By: Mark E Hoffer

Mark E Hoffer — Wed, 25 Mar 2009 22:05:44 +0000

tranchefoot:

try: http://tradepostings.blogspot.com/

it’s what came up thru his name link

By: Mark E Hoffer

Mark E Hoffer — Wed, 25 Mar 2009 22:02:02 +0000

I’ll fade that Texas Tea w/ dh

lb,

“recovery” in global trade? where?

that, and the paperback is fixin’ to catch a bid.. Au y Ag need to be sold off some more..

By: dead hobo

dead hobo — Wed, 25 Mar 2009 22:00:36 +0000

leftback Said:
March 25th, 2009 at 5:48 pm

“Oil’s got a 20% hit coming”

dh: What are you smoking? Back to the low $40s?

reply:
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Yup. Not meaning to be rude but, Sucker. You’re still caught up in the fantasy. I’ve called big oil moves correctly about 100% of the time for the past year and this one is no different … although I will concede in advance +/- a couple of percent.