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Category Archives for "Markets & Economy"

Greenspan, Here Is What You Said Before

Greenspan supported tax cuts back in 2001 (01/25/2001 from CNN Money). Greenspan again defended his position on tax cut in 2005 (‘01 Tax Cuts Were Justified, Greenspan Maintains, 3/16/2005 from Washington Post). Now Greenspan is criticizing Bush’s tax cut that he supported (9/14/2007 from Bloomberg). And he says he is mis-interpreted?? Hey, Greenspan, if you […]

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Chinese Market: In Making New Heights

I watched quite a bit of CNBC last week. Among other things, I caught the interview with Countrywide’s Angelo Mozilo who called for a recession in no uncertain terms. This of course, is the man who had steadfastly defended CFC’s business while cashing out some $250 million of options in the past year. Nonetheless, the […]

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The Coast Is Clear!

Yeah, I’m still negative. This market I believe is going to be one of the most treacherous since 2000. The credit crunch caused by homeowners’ default is real. There is going to be no way around the deflationary force. The only way to combat it is by even more inflation. However, both inflation and deflation […]

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UNG Natural Gas ETF

After USO for crude oil, there is another energy commodity ETF for natural gas. It’s UNG. Like most of other commodity ETF, it starts falling right after debut. And it has fallen big too, down about 30% from the height. Given the recent price history of natural gas, it could fall to $4 from the […]

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Chinese Stock Bubble

Since the Chinese stock market has grabbed so many headlines recently, I thought I’d weigh in. First of all, recall that I wrote about $SSEC in early 2006 and was quite adamant that it had double bottomed at 1000 the year earlier. That was a time that no one wanted to touch Chinese stocks, particularly […]

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Last Week In Review

I’m still trying to make sense out of last the stock market decline last week and the bounce on Friday. Clearly global interest rates are on the rise; and the 10 year, in particular, took it on the chin. Its yield broke above a decade plus trend (link). That China has announced its intention to […]

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I cannot believe how dare these government officials to use the taxpayers’ money (my annual $20000 to $50000 tax contribution included) to “save” these subprime homeowners from foreclosure. Why don’t they give me a free two loan points on the loan or the cash back to me for buying a home? America is about fairness, […]

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California Foreclosure Up And Up

Here is some of the latest real estate headline news: 1. Home builders’ confidence falls to 16 years low. 2. Notice of defaults in California up by 23% from last quarter, and up by 148% from last year. 3. New Century goes bankrupt, slimming down from 6000+ employees down to 100+ people, right at Irvine, […]

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Excellon Resources

By lottery ticket I’m talking about lowly priced, speculative stocks with great potential; rather than actually trying your luck at the latest Powerball or the Big Game, although I’ve been known to do that too! In the investing game my lottery ticket is (surprise, surprise) a junior silver exploration company, Excellon Resources. It trades in […]

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