Shell joins COP and BP selling off assets; XOM on the other hand made a major acquisition few months ago.
Shell joins global energy asset selloff - The Globe and Mail
Saturday, July 31, 2010
Friday, July 30, 2010
Was Tony Hayward right after all!
We humans really don't know much....just a crowd with mass emotional reaction.
Was Tony Hayward right about BP oil spill after all Mail Online
Was Tony Hayward right about BP oil spill after all Mail Online
Thursday, July 29, 2010
Wednesday, July 28, 2010
Crawford: Apocalypse begins Monday (pass)
Well, although he is calling for collaspe Now, he has beaten the market, up 9.4% over past 3 years. Right now he is short the market.
Crawford: Apocalypse begins Monday Peter Brimelow - MarketWatch
Crawford: Apocalypse begins Monday Peter Brimelow - MarketWatch
The Best Magazine Articles Ever
Includes a link to Michael Lewis, "Wall Street on the Tundra." Vanity Fair, April 2009. It's an in depth analysis of the financial collapse of Iceland. Very good.
Also includes a link to William Langewiesche article, "The Crash of EgyptAir 990." Atlantic Magazine, November 2001.
Cool Tools: The Best Magazine Articles Ever
Also includes a link to William Langewiesche article, "The Crash of EgyptAir 990." Atlantic Magazine, November 2001.
Cool Tools: The Best Magazine Articles Ever
Tuesday, July 27, 2010
Monday, July 26, 2010
Dennis Gartman Turns Bullish
After months of being a grumpy, vocal, old bear, Gartman turns Bullish - July 23, 2010.
Trading Blog - Trader's Narrative
Trading Blog - Trader's Narrative
Sunday, July 25, 2010
BP CEO Hayward is going out
About time! Hayward, was a creation of BP's culture. BP's culture needs to be changed.
This is step one. Now let's see what BP replaces Hayward with. Will it only be another clone?
Official: BP CEO Hayward being replaced over spill - Yahoo! News
This is step one. Now let's see what BP replaces Hayward with. Will it only be another clone?
Official: BP CEO Hayward being replaced over spill - Yahoo! News
Saturday, July 24, 2010
BP considers Tony Hayward exit
Any bets when? It is not if. Just when.
Oil spill: BP considers Tony Hayward exit - Telegraph
Oil spill: BP considers Tony Hayward exit - Telegraph
Friday, July 23, 2010
Monday, July 19, 2010
Office vacancies: Occupancy rates, rents drop in Southern California
Wow .....$2 plus change per sq ft! Upscale for less than $4 per sq ft!
Wonder how much it is to buy.
Office vacancies: Occupancy rates, rents drop in Southern California again - latimes.com
Wonder how much it is to buy.
Office vacancies: Occupancy rates, rents drop in Southern California again - latimes.com
The New Doom | The New York Observer
Now really get depressed as to what could be.....
The New Doom The New York Observer
The New Doom The New York Observer
Sunday, July 18, 2010
Canada - the drop in home sales may be sign of peak
Canada has to be affected with the decline in real estate market values. Real estate market values are driven by the economy and confidence in it.
Drop in home sales may be sign of peak
Drop in home sales may be sign of peak
Why is Canada’s economy better than the U.S.?
Canada recognized that they needed to get their financial house in order in the 1990's. The Keynesian economics does not work. The US did not and still has not figured it out.
A few reasons why Canada’s economy is better than the U.S. economy | FP Posted | Financial Post
A few reasons why Canada’s economy is better than the U.S. economy | FP Posted | Financial Post
Saturday, July 17, 2010
BP vs Shell and the Design of Deep Wells
How BP and Shell drill deep wells, and the difference between the two.
BP, Shell and the Design of Deep Wells - Dot Earth Blog - NYTimes.com
BP, Shell and the Design of Deep Wells - Dot Earth Blog - NYTimes.com
The Rich Catch Everyone Else’s Cutback Fever
People are losing confidence with the government and economy. This will not bode well for the markets.
Just wait until taxes are increased. Markets will tank before the end of this year.
The Rich Catch Everyone Else’s Cutback Fever - NYTimes.com
Just wait until taxes are increased. Markets will tank before the end of this year.
The Rich Catch Everyone Else’s Cutback Fever - NYTimes.com
Friday, July 16, 2010
Thursday, July 15, 2010
Monday, July 12, 2010
Troubling Tech - Casey's Daily Dispatch
Couple of interesting thoughts in Casey's daily dispatch.
First on the government's misallocation of resources at taxpayers expenses.
Next how the White House is with its policies messing up the quest for energy self-sufficiency and hurting the economy around the Gulf due to its mistaken ban on offshore drilling. This is hurting lot of folks.
And most interesting is the development of technologies that is now used to watch you.
Troubling Tech - Casey's Daily Dispatch
First on the government's misallocation of resources at taxpayers expenses.
Next how the White House is with its policies messing up the quest for energy self-sufficiency and hurting the economy around the Gulf due to its mistaken ban on offshore drilling. This is hurting lot of folks.
And most interesting is the development of technologies that is now used to watch you.
Troubling Tech - Casey's Daily Dispatch
Sunday, July 11, 2010
Saturday, July 10, 2010
Will Debt Forgiveness Work?
UK Telegraph: ‘Ben Bernanke needs fresh monetary blitz as US recovery falters’. The article claims the Fed Chair now wants to more than double the Fed balance-sheet monetary base from $2.2 Trillion to $5 Trillion, after almost tripling it from 2008 to 2010. With a 9% decline in the monetary base this year, the alleged economic recovery, measured by Consumer Sentiment, Cost of Living, Employment, Foreclosures, GDP, Home sales, Manufacturing, and Tax Revenues, is rolling over again.
Or.... maybe we really do not understand economics. What about the year of Jubilee?
"In the Jubilee Year of Leviticus 25, those enslaved because of debts are freed, lands lost because of debt are returned, and community torn by inequality is restored. U2’s Bono invested a lot of time with the Jubilee2000 organization and World Economic Forum, arguing the best way to promote the development of poor countries was to forgive their debts. Bono met with Conservative Senator Jesse Helms, saying Helms wept when they spoke: “I talked to him about the Biblical origin of the idea of Jubilee Year…. He was genuinely moved by the story of the continent of Africa, and he said to me, ‘America needs to do more.’ I think he felt it as a burden on a spiritual level."
I would argue that the year of Jubilee not only applies to Africa but to the each economy, each nation.
Debt with its affect of constant compounding brings down an economy. A plan break, a restart of the debt economy is required.
The western world, "socked silly by auto loans, credit cards, higher food prices, medical care, mortgages, taxes, utility bills and nagged by the suspicion their corporation, government or union already spent their pension or Social Security before laying them off."
The cupboard is empty.
Will Debt Forgiveness Work? — Rick's Picks#more-23803
Or.... maybe we really do not understand economics. What about the year of Jubilee?
"In the Jubilee Year of Leviticus 25, those enslaved because of debts are freed, lands lost because of debt are returned, and community torn by inequality is restored. U2’s Bono invested a lot of time with the Jubilee2000 organization and World Economic Forum, arguing the best way to promote the development of poor countries was to forgive their debts. Bono met with Conservative Senator Jesse Helms, saying Helms wept when they spoke: “I talked to him about the Biblical origin of the idea of Jubilee Year…. He was genuinely moved by the story of the continent of Africa, and he said to me, ‘America needs to do more.’ I think he felt it as a burden on a spiritual level."
I would argue that the year of Jubilee not only applies to Africa but to the each economy, each nation.
Debt with its affect of constant compounding brings down an economy. A plan break, a restart of the debt economy is required.
The western world, "socked silly by auto loans, credit cards, higher food prices, medical care, mortgages, taxes, utility bills and nagged by the suspicion their corporation, government or union already spent their pension or Social Security before laying them off."
The cupboard is empty.
Will Debt Forgiveness Work? — Rick's Picks#more-23803
Friday, July 9, 2010
Gold Is a Lousy Investment
Really? Gold is a lousy investment?
I agree, given the recent past 200 years when debt levels have been lower.
However, there is now a significant risk with the current paper currency.
I hope that I am wrong with the assessment of the political situation and the American people. I think the US has not the "guts" to fix the financial problem and their choice of leaders. They demonstrate to me that the Americans yet do not understand. They know there is now a problem but expect all they have to do to is elect another that promises them that there is no pain. There will be pain on correcting years of problems. I do not think US yet ready for it. More kicking the can.
Yes, Gold Is a Decent Inflation Hedge, But It's a Lousy Investment -- Seeking Alpha
I agree, given the recent past 200 years when debt levels have been lower.
However, there is now a significant risk with the current paper currency.
I hope that I am wrong with the assessment of the political situation and the American people. I think the US has not the "guts" to fix the financial problem and their choice of leaders. They demonstrate to me that the Americans yet do not understand. They know there is now a problem but expect all they have to do to is elect another that promises them that there is no pain. There will be pain on correcting years of problems. I do not think US yet ready for it. More kicking the can.
Yes, Gold Is a Decent Inflation Hedge, But It's a Lousy Investment -- Seeking Alpha
Ten Economic Blunders from History
Do we learn from history....can we....will we learn?
Ten Economic Blunders from History - John S. Chamberlain - Mises Daily
Ten Economic Blunders from History - John S. Chamberlain - Mises Daily
Thursday, July 8, 2010
Best Websites for Job Seekers
The 5 best websites for job seekers are:
Monster
Indeed
LinkedIn
CareerBuilder
Dice (for those in tech)
And for a sixth, it is Craigslist
5 Best Websites for Job Seekers brip blap
Monster
Indeed
CareerBuilder
Dice (for those in tech)
And for a sixth, it is Craigslist
5 Best Websites for Job Seekers brip blap
Wednesday, July 7, 2010
Monday, July 5, 2010
This really is starting to feel like 1932
Excessive credit / debt is being wiped out. Too bad Greenspan extended the bubble, making the correction even harder. But like he said, he did not know there was a bubble, and really, what he meant that he did not know what he was doing. Ben is the same. Problem is that these guys tend to make a bigger mess of it.....kicking the can down the road, and not dealing with the problem.
Think the UK and Europe got the message, more debt does not solve excessive debt problem.
People do not learn very well from History. Credit can only run for 50-60 years before, the debt load forces a correction. Central planning or control can not fix the debt problem. Individuals can and they will.
With the US trapped in depression, this really is starting to feel like 1932 - Telegraph
Think the UK and Europe got the message, more debt does not solve excessive debt problem.
People do not learn very well from History. Credit can only run for 50-60 years before, the debt load forces a correction. Central planning or control can not fix the debt problem. Individuals can and they will.
With the US trapped in depression, this really is starting to feel like 1932 - Telegraph
Sunday, July 4, 2010
Top adviser since 1980 mostly in cash
Top adviser over last 30 years is largely in cash right now
Top adviser since 1980 mostly in cash Mark Hulbert - MarketWatch
Top adviser since 1980 mostly in cash Mark Hulbert - MarketWatch
The New Civil Wars Within the West
Once the voting franchise of the West reached the point where those who sought benefits outweighed those who created benefits, the tipping point was reached. The situation of de facto “class warfare” thus emerges automatically under such circumstances, and the envy of those who take against those who provide erupts into “rights” and “entitlement”. By deifying “democracy” above justice, the enfranchised non-producers could always outvote the producers. We are at this point. The result can only be collapse, or restructuring around a Cæsar or a Bonaparte until, eventually, a productive hierarchy reappears, usually after considerable pain.
The New Civil Wars Within the West Oil Price.com
The New Civil Wars Within the West Oil Price.com
New goverment makes the Horn/Red Sea area instable
Of the the most vital sea lanes of the world, the Red Sea/Suez SLOC, as well as the territories surrounding it, will over the coming months become substantially more unstable. On July 1 , 2010 there was effectively an overthrow of the stable Government of the Republic of Somaliland by a pan-Somalist, racial Islamist group.
Somaliland Presidential Election Besieged by Well-Financed Islamists, Threatening Horn/Red Sea Stability Oil Price.com
Somaliland Presidential Election Besieged by Well-Financed Islamists, Threatening Horn/Red Sea Stability Oil Price.com
Britain Opens it’s Doors to Ousted Kyrgyz Leaders
Interpol has circulated an arrest warrant for Bakiyev who is in hiding in the UK. The charge is for embezzling funds. The UK needs to send Bakiyev back home to face the charges.
Britain Opens it’s Doors to Ousted Kyrgyz Leaders Oil Price.com
Britain Opens it’s Doors to Ousted Kyrgyz Leaders Oil Price.com
Thursday, July 1, 2010
Long the Pound
The UK is trying to get its act together and thus the Pound is strengthing. The UK government announced 25% reduction in government spending over next 4 years. That is right - 25% cut. However, the USD, well, its government is still spending more borrowed and printed dollars; and look at the mess it is in, unemployment continues to climb. No one trusts nor respects the US government.
Why I'm Shifting From the Dollar to the Pound -- Seeking Alpha
Why I'm Shifting From the Dollar to the Pound -- Seeking Alpha
£5 tickets airplane tickets
That is right....£5 to fly, cost of an airplane ticket. But you gotta stand!
Ryanair to sell £5 tickets for standing-room only flights - Yahoo! Travel UK
Ryanair to sell £5 tickets for standing-room only flights - Yahoo! Travel UK
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