Comments on: Words From the Investment Wise Mar 1, 2009

By: dunnage

dunnage — Wed, 04 Mar 2009 03:25:52 +0000

Excellent info: a lot of work. Thanks.

By: d4winds

d4winds — Tue, 03 Mar 2009 10:38:36 +0000

re ““There is no conceivable way to pay for the [US government's] coming debt. That’s why the Chinese are angry and weary,…”

This is nonsense. The commercial banking system has $.8tn (& growing with major amounts more to come from the TALF) in excess reserves. Also, households’ new savings and clear preference for Treasuries in the retail market (better safety at least of principal than gamble on returns that have proved illusory) easily imply $1.0tn in Treasuries can be sold to US households. What does remain unfunded is the structural deficit from Bush of $1.5tn. The Chinese are still needed for the Bush deficit legacy. Their position in Treasuries is unchanged from Jan. 19, 2009, but their position in US equities has, like everyone else’s, deteriorated as markets have started to realize that a burst P/E bubble does not magically re-inflate and that lower E’s are associated with a major recession.

By: How the Common Man Sees It

How the Common Man Sees It — Mon, 02 Mar 2009 05:16:03 +0000

Like I said last week: It almost makes up for the loss of the linkfest. Between him and Maudlin I get a methadone version of my needed, weekly, global snapshot, big picture, linkfest, infoporn, heroin.

By: Mark E Hoffer

Mark E Hoffer — Mon, 02 Mar 2009 03:07:21 +0000

“Such a comprehensive snapshot. Is this a new weekly thingy-do?”–TrickStyle

no kidding, PdP’s weekly compilations are top-notch.

he’s been putting these out for awhile, one can sign up for them at his site, as well.

to me, on the Editorial front, at the minimum, they put Barron’s to shame

By: bane

bane — Mon, 02 Mar 2009 01:23:42 +0000

Excellent summary! Thanks.

By: KJ Foehr

KJ Foehr — Mon, 02 Mar 2009 01:22:06 +0000

Great stuff. It provides outstanding context and perspective on where we are and where we might yet go.

Thanks for this update.

By: usphoenix

usphoenix — Mon, 02 Mar 2009 00:30:38 +0000

@trickStyle: Correct

By: TrickStyle

TrickStyle — Sun, 01 Mar 2009 22:30:02 +0000

This is the best post ever! Such a comprehensive snapshot. Is this a new weekly thingy-do?

When I see that market optimism sneaking back into the discussion, I get queasy. Oversold? Really? People have been saying that since third week of October. If we’re so oversold, then why isn’t the CAPE in single digits yet?

We’re days away from the next sucker’s rally. I can smell it.

We’ve got so much more bad news. I remember hearing the analysts talk about 2009 being priced into their December numbers. What a laugher.

By: Greg0658

Greg0658 — Sun, 01 Mar 2009 19:49:02 +0000

I fired an angry letter off to my senior Senator Durbin … if he gets these .. heres an update

I almost wish I voted for McCain .. to shove this whole mess up his ass … I can see the gray hairs and forehead wrinkles growing on Barack already

the climate here in Illinois .. the socialist climbing over each other .. scratching and clawing to fill the vacancies .. is removing the feel good feeling

a 3rd party may get my attention to my best .. so as to not have it be thrown away

By: Mark E Hoffer

Mark E Hoffer — Sun, 01 Mar 2009 16:27:37 +0000

Greg,

note that “Wall St.” funded the O-one to the tune of ~6-to-1 v. the wrinkled dude, during the prelude to last November’s “Steel-Cage Match”

to me, your Conclusion is correct, though, you may want to check your premises..