theobannion

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  • Vanishing Jobs and the Rising Bailout Costs
    There isn't enough money in heaven or the other place to bail out the world economy. And the "leaders" who will purportedly get us out of this are the same lying, pocket-lining opportunists that got us into it. A few years ago, Paulson was one of the great & outspoken proponents of all the opaque & illiquid (now ruthlessly used) toilet paper that litters the world & that the world's taxpayers & poor are being forced to eat. Here in the 3rd world, food inflation is running rampant - from a buck & change per kilo for fruit to two bucks & change a week later, and all of it up hundreds of percent in the past few years. In 2001, when a buck bought 3.5 units of the local currency, one unit of that local currency - about 30 cents - bought 3 or 4 kilos of potatoes, yams, or yuca root. Today just one kilo of any one of those will set you back well more than that same thirty cents. And all of this in the midst of a slowdown in the economic growth rate of the country!

    And check Obama's in-coming crew. Once past Volcker & Geithner and a few others, we run into the same professional political flacks that stood by Clinton in his glory days of re-tooling the democrat party to make a snugger fit with globalization & reaganomics.

    And since business & government have been made partners again since Reagan, is it any wonder that no one - neither republican not democrat - is talking about helpiing municipalities? After all, most of THAT money would only go to teachers, police, & fireman.

    One last point: I'm, astonished at all the anti-union talk. The American worker has lost ground versus inflation since the sixties, while the "geniuses" in the executive suites of this country have been making themselves billionaires, swallowing all the increased productivity that resulted from the new technologies - as if they invented them! Leo Bjong, an engineer (see "Who's Who in American Engineering" & "Who's Who Among Finnish Americans"), was one of the pioneers of aviation & his team at Bendix developed the automatic pilot which remained in use for years. Did Bjong & his team get rich? Of course not, the executives & shareholders did. And what did the workers get out of it? Squat!

    And now all we hear is "socialism for the rich." Socialism for the rich is fascism. Did we forget so soon? Or is the word too bitter for the north american mouth?

    Seamus O'Bannion.
    Dec 14 11:43 am |Rating: +3 0 |Link to Comment |View article
  • Offshore Troubles, Domestic Fears
    Still referring to "Joe Six-pack"? He has long since been reduced to "Joe Twelve-ounce Bottle."
    Jul 12 11:27 am |Rating: 0 0 |Link to Comment |View article
  • Global Market Performance: Nowhere to Hide
    Dear Hue101,

    Your EWZ has a good chance of bouncing here, as it just tagged its 200 day moving average. Target might be the fifty day MA, about 10 pints up. Then probably down again. Big inflation in Brazil & rest of SA, with increasing interest rates - never propitious for stocks. EWZ has also been underperforming the DJ Wilshire 5000 since late may.

    Best,
    Seamus O'Bannion.
    Jul 06 11:51 am |Rating: 0 0 |Link to Comment |View article
  • Investing for Retirement - Cramer's Mad Money (7/3/08)
    Cramer's an entertainer making a bundle. There's a saying that if you say something loud enough, someone's bound to listen unless he's deaf.

    SOB.
    Jul 04 08:24 am |Rating: 0 0 |Link to Comment |View article
  • What Was Left Out of the Jobs Report
    Dear Mish,

    Given what's been happening to bond interest for hospitals, schools, & municipalities, combined w/ the shrinking tax base resulting from the downward reassessment of property values, I think we can count on solid dis-employment beginning in the present quarter & continuing into the end of the year from that extremely large service sector. US Gov Incorporated will have to be very creative to mask that one.

    I hope any of your readers who might still be clinging to the hope of "short & shallow" will rethink any positions they might have in retail as well as in medical equipment tech stocks. There are great companies in those fields, but they face declining economic demand.

    Best,
    Seamus O'Bannion.

    (Like the new photo, by the way; I'd submit one, but my face keeps breaking cameras.)

    SOB.
    Jul 04 08:18 am |Rating: 0 0 |Link to Comment |View article
  • Will the Nasdaq Take a Mean Bounce?
    Great information, Bill. But speaking of the Naz, check out a chart of the NASDAQ composite's advances minus declines, cumulative, for about the last 10 years. It's been declining steadily throughout the last bull market!

    Reminds me of the Big Bang. Of course, you weren't born yet, but I remember it well. Boy, was it noisy! And, now, 13.5 billion years later, the universe is still expanding. Like the Big Bang, the NASDAQ small fry are still collapsing, 6 years after the bubble burst, or 6 yrs BBBB (after the Big Bang of the Bursting Bubble).

    By the way, if you have the time to respond - what kind of software do you need in order to derive that kind of data? Not the Big Bang, the Naz 4% stuff.

    Best,
    SOB.
    Jun 28 08:29 am |Rating: 0 0 |Link to Comment |View article

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