Financial topics

[aedens]

Meanwhile, WTI topped $103 for its highest close in 14 months.

http://ironoreprice.com/

[Reality Check]

You have to love this story.

Not sure about the 3rd amendment claim.

But it certainly raises questions about the generation of the officers involved.

They do seem to believe they will never be held accountable for their lies nor their actions, and they may be correct.

http://reason.com/blog/2013/07/05/nevad ... pation-vio

[aedens]

Here are the facts... you can believe me or not. I live in Argentina. 1) Many people make bread in their homes here. The suggestion that more do so is not outrageous. 2) Bread here is very inexpensive compared to almost every other country. 3) The cost has risen because of the insatiable soy demand of China, which has reduced wheat production at the expense of soy production. 4) The peso has strengthened as a result of the chinese demand for argentine soy (up 20% vs. the USD in the last 2 months). If a strengthening currency is the sign of hyperinflation... well then... we really do know nothing about economics. 5) I paid $1.30 for a steak the size of your head yesterday. So if you think there is some kind of food crisis in Argentina... you are an idiot. 6) I have come to the conclusion that every article about Argentina on zerohedge is full of it. Mostly because a few American ex-pats own property here and are angry that they are having difficulty moving pesos into dollars so they report outrageous exaggerations on news channels and internet blogs hoping to move public opinion against Argentina.

These are the facts. You can believe me or not.

The Argentine government has taken many steps to reduce the power of international banks here. In fact, during the crisisin 2001 and 2002, a member of the parliament stated, "We had the choice to save the banks or save the people. We chose to save the people." This is one of the reasons news channels and internet blogs always report nonsense about Argentina, because Argentina is trying to remove itself from the dollar-based international financial system, or at least keep this system at arms length. This makes life difficult for foreign investors and expats who want to move large amounts of money from pesos to dollars. I do not support many things that the Argentine government does. I do, however, support their efforts to maintain a safe distance from the global financial system.

Argentina's economy is the result of two generations of Argies giving power to a "benevolent" stong man and trusting him (or her) with the power to micro manage a complex economy.

The US is headed the same way. Obama just does any damn thing that strikes his fancy. Kill all the coal power plants in the US? Who needs a law. Delay implementation of Obamacare law? Why not, who cares what congress passed they didn't even read it any way. And the only thing libtards want is to give more power for choom boy. God help us...

The $12 billion U.S. orthopedic market is now growing by only 2% to 3% a year, according to Frost & Sullivan, a market-research firm. But foreign markets, like China, are expected to soar from $1.6 billion last year to $2.7 billion by 2015.
The Chinese government plans to build 5,000 new hospitals, as many as the current US total. As a result, U.S. medical-device makers are moving into China in droves, hoping that a surge in Chinese middle-class patients will revive their sluggish sales. syk labor and the 2018 area recovery and team O punch in the nose on fungible capital.

Segments are not going to wither and die "china consolidations", just less production in some areas. I think we have already posted mr. hayek enough on that scripted outcomes of seen and unseen.
Value is ethics so keep sifting for it and if your only ankle deep keep heading for higher ground.

http://en.mercopress.com/current-edition

[aedens]

http://www.nytimes.com/2013/07/05/healt ... ted=1&_r=0 scary indeed.

Meanwhile the other monsters run wild http://finance.yahoo.com/news/alabama-c ... 39738.html

[vincecate]

5) I paid $1.30 for a steak the size of your head yesterday. So if you think there is some kind of food crisis in Argentina... you are an idiot. 6) I have come to the conclusion that every article about Argentina on zerohedge is full of it.

During hyperinflation people who have a foreign currency can buy all kinds of things really cheap. So a low US dollar price for food in Argentina is consistent with hyperinflation. The question is what is the peso price now and what was it 6 months or a year ago?

Tourists to places with hyperinflation are amazed at how much they can buy for their money. People will often come into such a country just for the day to shop. But when food is that cheap for foreigners, it usually means it is shipped out so fast that locals do have trouble finding food they can afford.

Can you poll some people who have salaries denominated in pesos and see if they are having trouble affording steak?

[aedens]

http://www.dolarblue.net/

http://www.zerohedge.com/news/2013-05-0 ... th-depends

And inflation there is more like 30% with many of the restaurants having menu prices in pencil, because they are changing so fast they often have to erase them within a day or two.
housing properties are priced in USD, yet all the Argentines make ARG Pesos for wages. The local people are getting priced out of the market as the USD continues to gain value.

[at99sy]

In fact, during the crisisin 2001 and 2002, a member of the parliament stated, "We had the choice to save the banks or save the people. We chose to save the people."

I was in Argentina in 2002 and again in 2004. I find it difficult to fathom how the government "saved the people" with their decision to close the banks, revalue the currency from a 1:1 peso/$ rate to a 3:1 Peso/$ rate. Everyone with deposit accounts lost 2/3 of their cash but their debt remained at the original $ amount.
I met many people who were financially destroyed and the ones who were not were the ones who did not trust the banks in the first place and kept $$ hidden in their homes. This is still the case as a student of mine spent 6 months there last year and her host family had an in ground vault where they kept all the cash and it was widely expected that everyone did this.

They saved the banks not the people. status quo.

cheers SY

[aedens]

Here is why they are going to implode guys and a warning to those who even think you can deal with socialists. They all lie and they all steal.
Also the one who sells out sheep pens is worse than a smiling free shit socialist army here also https://www.youtube.com/watch?v=bnKTNRe2iWk.
Its more fun to call them out to prove how they truly are.
Enjoy the deep end of the pool. Stick to the one eyed king in the land of the blind. Now if they could deal with naked shorts and the toilet bowl
called the swamp vanilla will appear. Do not forget to take delivery for august either. Know it better than your wife when you hit send.

Value is ethics so keep sifting for it and if your only ankle deep keep heading for higher ground.

[vincecate]

And inflation there is more like 30% with many of the restaurants having menu prices in pencil, because they are changing so fast they often have to erase them within a day or two.
housing properties are priced in USD, yet all the Argentines make ARG Pesos for wages. The local people are getting priced out of the market as the USD continues to gain value.

It is not really that the USD is gaining in value. It is that Pesos are dropping fast. But the Argentine market is so desperate for foreign currency that local goods measured in foreign currency are cheap. So sort of the USD is gaining inside Argentina. Normal for hyperinflation is that anything that is not nailed down is sold off to foreigners.

There are lots of different cutoff numbers for the boundary between regular inflation and hyperinflation. I like 26% per year or prices doubling in 3 years. So to me if they have 30% inflation they have hyperinflation.

http://howfiatdies.blogspot.com/2012/10 ... ptics.html

[vincecate]

Interest rates going up should result in stocks going down. This move up is rather fast and does not look like it is over.

USD Yields_13770_image001.gif (10.16 KiB) Viewed 2820 times

http://howfiatdies.blogspot.com/2013/06 ... -down.html