Investment

» allancoleman - Al Gore knows what to do

In response to Al Gore knows what to do posted by Normxxx:

This has been the coldest winter I've surfed over here in Hawaii since I retired in 2000 and spent the majority of the winter here and my Alaskan friends at home just got over two feet of snow dumped on them ( more in higher elevations in hyway mountain passes ) yesterday and today and probably tomorrow and DOT in Alaska has just extended the date for removal of studded snow tires .

Some people might not mind a little global warming in a few locations .

Go Al Gore . . Wasn't he the guy who invented the internet . ? ?

-- posted by allancoleman

» BoltonCT - Al Gore knows what to do-they are smarter than dirt

In response to Al Gore knows what to do posted by Normxxx:

Norm,
It is even worse than that. Every great Gorish intellect in the world knows human species is destroying the planet. But the stupid planet refuses to play along with them. The planet is absolutely an ingrate as well as stupid. We all know Al Gore and his followers want the very best for our planet. But the planet won't sneeze, cough or have a bellyache for them. For the last three years we were supposed to have three times as many category 4 hurricanes as we have had and at least one Katrina a year. But the planet is being impossible. Why even the polar bears have been photographed by the paparazzi enjoying sunbathing naked on icebergs while the planet continues to confound the best of the environmentalists' minds.

You see if human CO2 is the cause of global warming instead of the sun, the CO2 would cause the clouds to trap heat similar to the way the planet Venus is kept hot by its atmospheric gasses. At least that was Al Gore's theory, and we all know how smart he is. But NASA has shown that the upper atmosphere has been getting cooler even as the polar bears flaunt their naked bodies in front of the environmentalists. Yes, the polar bears seem to be smart enough for Al Gore and at least as smart as the Nobel Prize committee. But the damn planet must be a moron.

I apologize for disparaging the planet. But I think everyone must agree that the environmentalists are a lot smarter than earth.

-- posted by BoltonCT

» BoltonCT - The Stock Market is ungrateful too.

The stock market is refusing to follow the best minds too. Soros just said that our economic theory is predicated on equilibrium theory which means every disturbance has an opposite reaction that corrects the problem. But he thinks the present situation is unstable and not self-correcting. He and Warren Buffet have been selling America short lately. And I have to admit I have been inclined to agree. It makes no sense that the market should be forming a bottom now but the New Spiral is once again saying to cherry pick with the bulls. The New MACD has not confirmed the New Spiral indicator yet but when it does the market may already have moved. How can it be that planets and markets lack such good sense or are so ungrateful as to ignore such great thoughts. Perhaps they are fickle.

-- posted by BoltonCT

» BoltonCT - This is no joke

The Japanese are deserting treasuries adding another ailment to the U.S. misery index of soaring prices of gasoline and food and falling home values. The federal deficit that is burgeoning as tax revenues drop and foreign investors such as the Japanese recoil from the slumping dollar. Treasuries lost 7 percent in the first three months of the year. Japan owns more Treasuries than any other nation. After raising their holdings to $620.6 billion between March and July 2007, Japanese investors trimmed that stake by $34 billion through February, the Treasury said on April 15.

American stock market futures are up at the moment and if it holds the markets will open slightly higher today.

Asian markets were mixed last night with Shanghai down 2.33% and the Nikkei up 0.22%.

European markets are fairly uniformly up about one percent in morning trading on the great news that Warren Buffet wants to buy chewing gum. Snickers were heard involved in the possible gum merger deal. However such a deal may not be in the national interest and it could still be blocked. The Chinese have been unable thus far to break the lock America holds on gum and Mars bars technology.

Buffet merging Wrigley with Mars could just be the momentous deal that sets the stock market roaring upward to new highs today.

This situation is serious:
Asia would do well to remember the collapse of their economies in the late 90's when they bet on a weak dollar and therefore had their debt denominated in dollars thinking their debt would shrink along with the dollar. Their collapse helped strengthen the dollar and the Asian economies collapsed along with Asian currencies.

Getting off the dollar standard will detach foreign economies from American inflationary pollicies. Since WWII the USA has abused our right to be the dominant currency. Europe has recently acted more responsibly. But Europe has been far more abusive in the past and who would want the German policy which is so extremely severe today because they allowed the private takeover of their banks in the 1920's which left the population penniless and in hyperinflation. That is a danger in the USA today as the FED is providing so much cash to the rich and inflation for the poor that privateers like Soros and Buffet are able to amass world economic empires.

A Democrat victory in November would mean the largest USA tax rise in history which would cut American discretional spending on imports and drive world exporters into a deep recession causing the dollar to regain parity with the EURO and could demolish those who bet against the dollar. The recession in developing countries would drop the demand for oil and drive oil prices to new lows as oil hoarding inventories ends in countries around the world. The energy and commodities bubbles will burst at that time and AL Quada will go broke. The USA will withdraw then from IRAN and world military spending will plummet. That is what the political change will cause. And all the big money is going to those candidates.

-- posted by BoltonCT

» Normxxx - Al Gore knows what to do-they are smarter than dirt

In response to Al Gore knows what to do-they are smarter than dirt posted by BoltonCT:

I apologize for disparaging the planet. But I think everyone must agree that the environmentalists are a lot smarter than earth.

Most have Ph.D.s, are well fed, and are little concerned with demography or social welfare; don't have to worry that billions spent on "fixing the problem" (which they will get a big chunk of) will probably cost a few thousand to millions extra dying of malnutrition and deiseases of malnutrition.

-- posted by Normxxx

» BoltonCT - How about passing a real stimulation package?

American stock market futures are down today as investors ponder another likely decline in the FED rates this week and home foreclosure rates just doubled.

We are rapidly approaching Sy Harding's time of the year to be out of the stock market yet the market skims along the top of its trading range and has considerable support as Wall Street now drowns in FED cash. It is helping the super rich as sales of multi million (above $12million) dollar apartments in NYC have tripled this year. But Congress and the president have sent checks out to poor Americans this week that will not even cover the cost of their increased heating bills.

Asian markets were mixed last night again and European markets are generally down about half a point at this time.

Will America really attack Iran next? Well one candidate indicated she was ready to do just that to get votes in the Pennsylvania primary. She went nuclear on that issue. The big money is supporting the biggest spenders this election year. Wall Street is now running America. Of course China is also busy trying secretly and illegally to buy votes as usual.

Congress now says lets have a real stimulation package this time for average working Americans. How about a less bickering and passing some of the bills being held hostage because they actually could do some good and create producing jobs? Those are the supper bills that only cost about 12 billion for infrastructure and parks and trails that will attract tourists from around the world. With the dollar so weak... America has a chance to boost tourism now and create permanent American jobs that help the balance of trade. So why don't they just stop bickering and do something useful for Americans for a change, not the super rich?

-- posted by BoltonCT

» permabear - Al Gore knows what to do

In response to Al Gore knows what to do posted by Normxxx:

Speaking of Al Gore, are you aware that the earth's temperature has NOT risen in the last 10 years and the UN meteorologist predicts a 1.5% DROP in temperature (based on the solar cycle) over the NEXT 10 years!?!

You all know I can't let this discussion go on without even a little rebuttal. The fact is that temperatures are in fact increasing. The past decade is the warmest on record. 2008 may be a bit cooler as a result of La Nina. Otherwise the warming trends remain in place, solar cycle or no solar cycle.

http://news.bbc.co.uk/2/hi/science/natur...

The WMO points out that the decade from 1998 to 2007 was the warmest on record. Since the beginning of the 20th Century, the global average surface temperature has risen by 0.74C.

-- posted by permabear

» BoltonCT - Al Gore knows what to do

In response to Al Gore knows what to do posted by permabear:

If Gore is right and man is causing the temperature rise with greenhouse gases... then the earth heats up because the greenhouse gasses trap the heat. For that to happen the greenhouse gasses have to get heated up too and that causes the upper atmosphere to heat up and is then what causes the surface temperature to rise.

If the intelligent environmentalists are right and we are in the natural global warming stage of at least our tenth glacial cycle in the past million years... then the surface temperature is rising due to a solar radiation variation of a very long cycle and the upper atmosphere does not have to trap any heat or heat up.

NASA has determined that for the last three years the upper atmosphere's temperature has gone down slightly while the surface temperature has risen as Permabear and Gore pointed out. But Norm is actually right. The surface temperature goes up with both theories but Permabear and Gore are wrong because the upper atmosphere did not heat up. Norm pointed out that where it matters in the upper atmosphere the temperature declined.

So Norm is up one point and Permabear and Gore are down one point each.

-- posted by BoltonCT

» permabear - Al Gore knows what to do

In response to Al Gore knows what to do posted by BoltonCT:

I am no climate scientist and these technical questions go beyond my pay grade in many respects. Nevertheless a little Google searching goes a long way to rebutting some of the theories just given on the temperature changes in the upper atmosphere.

http://www.ucar.edu/news/releases/2006/t...

Recent observations by scientists tracking satellite orbits have shown that the thermosphere, which begins about 60 miles above Earth and extends up to 400 miles, is beginning to become less dense. This confirms a prediction made at NCAR in 1989 by Roble and Robert Dickinson (now at the Georgia Institute of Technology) that the thermosphere will cool and contract because of increasing carbon dioxide levels. The new study is the first to analyze whether the observed change will become more pronounced over the next decade.
Why the cooling is a sign of global warming
Carbon dioxide cools the thermosphere, even though it acts to warm the atmosphere near the Earth's surface (the troposphere). This paradox occurs because the atmosphere thins with height. Near the Earth's surface, carbon dioxide absorbs radiation escaping Earth, but before the gas molecules can radiate the energy to space, frequent collisions with other molecules in the dense lower atmosphere force the carbon dioxide to release energy as heat, thus warming the air. In the much thinner thermosphere, a carbon dioxide molecule absorbs energy when it collides with an oxygen molecule, but there is ample time for it to radiate energy to space before another collision occurs. The result is a cooling effect. As it cools, the thermosphere settles, so that the density at a given height is reduced.

-- posted by permabear

» BoltonCT - Banks on life support.

Rate cuts may push America into the Japan syndrome. FED Chairman Ben S. Bernanke may step up his effort to unfreeze bank funding markets as a surge in bank fees blunts the benefit of the cash handouts the central bank introduced in December. The cost of obtaining funds rose by 0.33 percentage point since the Federal Open Market Committee's last meeting in March. The jump may force homeowners with variable-rate mortgages and some companies to pay more on their loans while the bank costs are declining. This is a major problem caused by the FED bailing out inefficient banks and incompetent bankers who should be allowed to fail. Those people who destroyed their institutions now tack on additional fees and charges that cancel the benefits of the FED's lower rates and increase the rate of inflation. Japan took the same path the FED is taking and tried to bail out all the banks instead of letting the poorly managed banks fail. By saving the jobs of the incompetent multi-millionaire bankers the jobs of thousand of hard working people may be sacrificed. Failing banks should be allowed to fail and then be bought out not put on life support.

Asian markets were mixed while Shanghai was up 4.82% after falling 48% in the last six months. China seems to be buying stocks as the Olympics approach to put up a good front for the events. Eventually China's manipulation will drive stock prices so low they will be able to afford to nationalize all the gains of capitalism and claim once again that capitalism failed. Only they will now have far deadlier weaponry. It is well know in India that China not only claims Taiwan and Tibet but also almost half of India back to the Mongol invasions. Theoretically China/Mongolia could claim the land right up to the door of Germany which stopped the advance of the Tartars. After all, China once occupied all that territory didn't they? They also could claim territory down to Singapore. They never did manage to invade Japan though. China not Pakistan is the reason India developed nuclear weapons.

European markets appear to be in a decline at the moment and American market futures are also rapidly declining at the moment. The market seems to be falling back from the upper trading range.

General Motors Corp. says it lost $3.3 billion in the first quarter on weak U.S. sales. Time Warner net fell 36 pct.

-- posted by BoltonCT