About mell

mell

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Registered May 09, 2012


mell's most recent comments:

  • On Mon, 8 Feb 2016, 8:01am PST in Why do republicans deny an obvious recovery?, mell said:

    indigenous says

    mell says

    Meanwhile the wheels are coming off Obamacare

    Will it be repealed?

    If Trump wins, yes. If any of the Cuckservatives wins, it is questionable. Paul would also have pushed for a repeal but he is not going to win. If the Dems win it won't be repealed for sure. The problem with such monstrous legislature is that once it is enacted it is very hard and costly to dismantle.

  • On Mon, 8 Feb 2016, 7:54am PST in Time Stamp your 2016 Recession Call Now, mell said:

    Logan Mohtashami says

    They have more demographic issues and the U.S. Banks don't have the leverage risk anymore as the S.E.C. capital reserve ratio of 40-1 was legally banned

    Our Banks are fine here in America

    We will see. Commodity-related debt can hurt quite some if the world-wide economy continues to slow and oil doesn't recover. Plus add in a new credit crisis / defaults and it could get ugly. They are probably not threatened by default at this point, but it's hard to argue why one should invest in banks now. This could be in part a consequence of the Feds ZIRP policy, this time inducing commodity over-investment. The spectre of deflation is already everybody's worry and the promised rate hikes are not going to be bullish for commodities.

  • On Mon, 8 Feb 2016, 7:34am PST in Time Stamp your 2016 Recession Call Now, mell said:

    So far the predicted trend is fully intact, the market is not having any of the "good news". Add the worries about Europe and esp. DB to it and you get this crap market. But hey, it's a European bank, we all know American banks are much better capitalized ;)Time to roll back the rate hike and re-open the unlimited fiat distress discount window (was it ever closed?). All your fiat are belong to us!

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