For some reason, the site to create new posts did not work until now. So I didn't get to write a blog in my usual time, viz. about 5AM ET.
I was going to hit the beefers for creating this energy/oil bubble and hurting many industries and the common man. So they are creating another mess, as they did for the credit crisis, which is mostly over. All hedge funds really need to be regulated and made to file as investment companies.
They are joined by the big pension funds pouring money into the commodity funds. Pension funds should not be permitted to "invest" in commodity futures, as those derivative markets just are not designed for that huge flood on money. If they want to invest in oil, let them invest in it physically, like timber. They should be taxed on futures profits as unrelated business income.
I'll write more later.
No word of the day today as I have some things to do.
PS: Covering the TLT short, applying my "green-red" rule, viz., if a "trade" is green and turns red, I close it out. The short is flat, but likely go red at the open, so it's sayonnara for now. Might re-enter later. This rule applies to "trades", not LT positions.
About Me
- Bunkerman
- I have a pioneer mentality. My wife & I live in the woods - neighbors aren't visible except slightly in winter. Our "bunker" - hehe, really a fine home & barn - has plenty of security. We have four dogs: Krypto (age 9, Kelpie), Ava (age 13, Rat Terrier), Sky (Kelpie, age 5) and Lucky Star (age 1, kelpie). I don't take crap from anyone anymore, having enough resources & gear stocked up to survive in any circumstance. I have three degrees from Harvard including a Ph. D. in a physical science, and an MS in Management from MIT. I worked as an investment banker for about 25 years, mainly in secured finance, at three major Wall Street firms and for the last 17 years with my partners at our own firm. I'm semi-retired now, managing some private corporations and business interests and doing my own trading & investing. This is not to boast, but to give you an idea I know a little about some subjects from experience. The photo is my 1943 M16 half-track which I am restoring. These armored vehicles were ubiquitous in the US Army in World War II and Korea. It's driveable.
33 comments:
it's quite easy to understand why someone like the Bman thinks there is no inflation
he is a member of the ruling classes....he is 100% bourgeoise.....his wealth and income grows every year 100times his expenses
to the Bman....complaining about food and gas prices is "whining" and "crying"
what does the Bman whine and cry about? uptick rule, 1920s type manipulation, hedge fund regulation, beefer ping-pong etc.........common man never even heard of those
the Bman is a Harvard educated elitist....completetly out of touch with the common man
"i like to work with my hands"
pffffffffffffffffffft
this market is in big trouble
crude at 135 a barrel
food prices sky-rocketing
credit crisis issues percolating again
armageddon redux
and this time it won't be averted
covering TLT short. See the "PS"
Bama going to pick Mr Tax Ed Rendell......He's Hillary Lite without the baggage...uggg
you're right spin
twice in 2 days
5 yard flag
dick bove says sell GS LEH MER
brokers look horrid
ed rendell is my boy
what a great job he did for Hillary in PA
he better not switch sides
traitor
zeta must be awake from his 3 month grey goose induced slumber....
supposedly Hank and Ben are responsible for 135 crude
if i understood correctly
Hank also author of monthly jobs report
There is not inflation ... there are very high oil prices and some high food prices. Whining about "inflation" really does nothing and means nothing as data prove it's not happening.
green Congressional D's and timid R's are responsible to 135 crude.
No drilling, no nuclear means no new major supply means higher prices must ration demand.
Beefers got crude from 100 to 135.
Has someone left a note on your desk about loud Burping?....Call 1-800-bull-dog ...Remember...You dont pay if we dont win....
btw, in the elysian 1980s, pension funds could not "invest" in futures.
An "innovation" let them to it.
Another bad innovation.
Clinton and Obama have mobilized different parts of their party. She appeals to the blue-collar voters, and Obama has been more successful with affluent, well-educated Democrats.
ie. clintons base is white T that shouldnt be allowed to vote.
obama are wealthy educated elitists.
Nearly half of the state's Democratic voters said they'd either vote for Sen. John McCain, the presumptive Republican nominee, or not vote at all in November if Obama is on the ticket.
OH NELLIE rush and ann coulter spun the hilldogets.
how sickening will it be if the repubs can win again after the last 8 yrs?
opps obama sux too.
and further the decline of nation, into the abyss we go.
hope you have a bunker
just when u think u seen it all. yesterday unraveled. this is the 2nd harrashment incident. the first was a few weeks ago and ive been too afraid to fart or burp or talk since then. this place is nutz!!!!!!!
The error in calling this "inflation" is taht it could lead to the wrong "medicine" whihc can kill the patient. Ugh an analogy, but it applies.
The medicine for infaltion is tight money. But money growth is not loose at all - it's a bit too tight as obvious from the monetary base.
The medicine for chronic high oil prices is 1. use less, 2. drill more, 3. develop altenatives.
The bribe-taking Congress refues to do anything and has refused for decades in brinkmanship. Now the brink is here - will they perform.
Short term, only solution 1. works.
keeping my CVX, DVN, RIG and DO for LT. I analyzed the size of the positions and they in agregate equal in $ the gold & silver holdings of Krypto Fund. So the amount is correct and those are the companies I like for LT deep water drilling and new reserves for LT.
wrong way beefers everywhere today
have i told you guys how much i love playin ping-pong???
Bud you just playing index funds....have any names.
Going sheep herding soon with the Kelpies. Back in the mid PM.
CSIQ cud be a spin special
sheep herding
common man indeed
boone idea about converting engines that use natural gas seemed like a great idea.
maybe thats y aubrey just keeps adding to his CHK almost everyday for the last 7 yrs.
never seen anything like it.
does blommberg-tv oil reporter sue keenan read this blog??
she keeps saying "wrong way bets"
Bud, impressive...civil today, after getting the first rant out of the way, even a desire to be helpful...hope this is real and not a matter of still being drunk after a long night chasing tail.
listen frosty......bein nice to me and complementin me won't work
you disgust me.......just your existance makes me puke
i'm not gonna stop crushing you till you ask for it
just say "surrender" and i'll call off the dogs
that's more like it...thought your stance was a lil' wide today...LMAOOOOO
lol
Bunky..joined you with some TLT dark sugar.
no MCO rant, thought you would be going nuts...must be your brothers from MIT....that friken VISTA.
TSCM article 5 ways garadge sales can teach you to save...Bunky, great way to save and even prosper selling on ebay...Mern, you could upgrade the wardrobe, no need to break the bank at KSS like Spin-em....Bud must be as tight as a frog's aazzzzz, you can find new items in the original boxes, great gifts for the family.
nice. JPM increased r work week by 5 hours. salary stays the same.
is that stagflation?
cali congresswomen got her house repopped.
another fine example of the idiots who run things in DC.
like i said in FEB. obama gonna take it. he has no clue, but can not do worse than bush, so who gives a shit?
i do have that patek watch that is probably 15 grand in the making. i shud blow that out on ebay.
frosty gonna be sellin his doll collection this weekend
those nancy drew books shud fetch a few bux too
gargage sale indeed
back.
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