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  • On 24 Oct 2014 in Middle Class Wealth Gone!, bob2356 said:

    sbh says

    Right. But if you want the currency risk you can reach for a hell of a lot more yield. I don't want that risk anymore.

    Do you really think the dollar isn't without substantial risk at this point? Being the least shitty major currency isn't the same as being a good currency. I have a substantial amount of money overseas without worrying at all about currency risk. I'm not an arbitrage trader, it's long term. Do I worry about the dollar with 17 Trillion in debt against it and a totally bankrupt banking system suddenly making huge up moves against countries with no debt and very well capitalized banks. Not a chance. There will be some fluctuations but long term it will equal out.

  • On 24 Oct 2014 in Middle Class Wealth Gone!, bob2356 said:

    sbh says

    As the wealthy encounter lower taxes they are going to buy more of every investment across the board. I bet that currently they own a whole lot more treasuries than you might think, given that they tend to be boomers.

    Your basing this on what?

    sbh says

    if I could nail down a risk-free 5% treasury yield tomorrow I would hang it up and clip coupons until I was as feeble and decrepit as CaptainFuckup,

    There are many risk-free 5% treasuries out there. They just aren't US treasuries.

  • On 24 Oct 2014 in Original Serpico says cops still out of control, bob2356 said:

    Oddly enough I used to eat lunch with Frank Serpico once and a while at a place called geoge's deli in Stuyvesant NY, about 30 minutes south of Albany when I lived in the area in the late 90's. Very interesting man. Very private. He never talked about NYPD or the movie at all, just what he was currently doing in life. I would have loved to hear about it, but certainly would have never asked.

  • On 24 Oct 2014 in Tea Party Republicans highly motivated to vote in midterms, bob2356 said:

    CaptainShuddup says

    bob2356 says

    That's true, liberals live in houses. Trailer parks don't have basements.

    Don't lose that sense of humor you'll need it, when you have to get back to work for a living.

    You're saying I'm working for fun now? How do you deduce that?

  • On 24 Oct 2014 in Tea Party Republicans highly motivated to vote in midterms, bob2356 said:

    CaptainShuddup says

    The losers you speak of living at home in the basement, watching weird porn is your typical Obama voter. Why are you Liberals so confused?

    That's true, liberals live in houses. Trailer parks don't have basements.

    I would be willing to bet you are a world class expert on weird porn captain so I will defer to your judgement on what is liberal weird porn and what is teabagger weird porn.

  • On 24 Oct 2014 in Ebola touches down in NYC, bob2356 said:

    Blurtman says

    bob2356 says

    Hey, what happened to all the people in contact with the guy who died in dallas, like the people living in the apartment with him, the people who powerwashed his puke, the medics, all the people on the plane he rode on, all the people he met? Do they all have ebola now? Didn't see that on the news, did anyone? Pandemic here we come.

    The Dallas health care workers were placed in quarantine, as the NYC doctor should have been upon his return.

    Read the question. I asked about all the people in contact before he went to the hospital. Where are they now?

  • On 24 Oct 2014 in Lockheed claims nuclear fusion breakthrough., bob2356 said:

    Rin says

    if in the future, someone uses the internal plasmas, to power the externals,

    Again, how would that lead to a fusion explosion. How exactly does a chaotic phase boundry happen? Got any reading on the subject? You're the big phd/research guy, surely there is something detailing this available. The only lit I can find about the subject is concerning chaotic phase changes of spin glass which has no relevance at all to fusion.

  • On 24 Oct 2014 in Ebola touches down in NYC, bob2356 said:

    Hey, what happened to all the people in contact with the guy who died in dallas, like the people living in the apartment with him, the people who powerwashed his puke, the medics, all the people on the plane he rode on, all the people he met? Do they all have ebola now? Didn't see that on the news, did anyone? Pandemic here we come.

  • On 24 Oct 2014 in Middle Class Wealth Gone!, bob2356 said:

    Bellingham Bill says

    I'm not going to get into mell's argument, only repeat mine that cutting taxes on the rich basically resulted in them buying treasuries instead of paying taxes.

    That's an interesting thought. I don't think so. Equities I would buy into. Real estate for sure. Tbills are being bought by governments, banks, and funds. Maybe indirectly through a balanced mutual fund or IRA you could make that argument.

  • On 24 Oct 2014 in Sales of zero emission vehicles pass 250,000, bob2356 said:

    So all this electricity generated by smoke belching coal burning plants is zero emissions? How about a comparison of net emissions between zev and ultra low emission vehicles? Nah that would upset someones agenda.

  • On 23 Oct 2014 in How about a Clinton Warren ticket, bob2356 said:

    bob2356 says

    sbh says

    We plan to travel extensively over the next twenty years: a month in Australia and New Zealand is next for this winter

    If you want info on NZ travel let me know, I just got back after 8 years living there.

    What idiot disliked an offer of information on NZ travel? Someone out there having a bad hemorrhoid day?

  • On 23 Oct 2014 in Cronyism from the left going to Hollywood, bob2356 said:

    mell says

    http://brontecapital.blogspot.com/2008/11/berkshire-credit-default-swaps.html

    I don't understand this post at all. The blog was about the cost of buying cds on BRK bonds. What does that have anything to do with cds owned by BRK. Go read the comments. You and indeginous both seem to randomly shift between writers of cds, holders of cds, and the objects of cds.

    I think you are confusing berkshire hathaway with berkshire hathaway finance. There was some exposure to finance but it wasn't anything like the numbers you are putting up. Here is a pretty good aritcle about that very subject. You will have to register to read page 2 and 3.It's from 2009 and has some very sold numbers in it. http://seekingalpha.com/article/124623-berkshire-hathaway-proof-that-the-cds-market-is-irrational

  • On 23 Oct 2014 in Cronyism from the left going to Hollywood, bob2356 said:

    indigenous says

    mell says

    I have given you numbers of CDS exposure that alone could have brought BRK down

    For educational purposes, would you say the same re AIG?

    You seem to be confused about AIG which originated the CDS and BRK/ge which would have been a holder. Actually as DC points out, BRK held positions in conpanies that were holders of CDS. Most of those were banks. You seem to willfully misunderstand the CDS market. Most banks were hedged on cds. They wrote cds policies and took out cds on bonds. For the most part only the big investment banks and hedge funds were really exposed to AIG cds problems since they tended to take a lot more polices and than they issued if they issued them at all. Without AIG the vast majority of cds was a wash. The problem is AIG wrote one sided. They issued CDS only. So AIG had tremendous exposure to the investment banks and hedge funds, but not nearly as much exposure to commercial banks. No surprise at all, the treasury guys screaming bailout were all ex investment bankers.

    mell says

    but you cannot seriously disregard the - not only indirect, but also direct - CDS

    What exactly was BRK's direct cds exposure? I am under the same impression as David, the exposure was limited to the position in the banks that were subsidiaries. Shareholders can't lose any more than the cost of the shares. What knowledge do you have that there was additional exposure? An article, blog, statement, anything at all that documents this?

  • On 23 Oct 2014 in Cronyism from the left going to Hollywood, bob2356 said:

    mell says

    if you want to tag my toast expression as hyperbole, I have no problems with this. But then you should tag ramblings such as "The Fed has nothing to do with the markets/wealth inequality" as mega-hyperbole ramblings of lunatics ;)

    I have many times.

  • On 23 Oct 2014 in Stunning Siphonophore, bob2356 said:

    SoftShell says

    Don't you have better things to do with your time than sitting around making lists of people capable of having reasoned discussions??

    no

  • On 23 Oct 2014 in QE 101 tatupu: How Quantitative Easing Contributed to the Nations Inequality, bob2356 said:

    gsr says

    bob2356 says

    How about coming up with an ariticle that actually details what the fed loaned and to who?

    You do know that a full audit is needed to get that. And I believe you oppose the audit?

    Why would you believe that? Anyway there is certainly a large amount of financial data available without a full audit that the article ignores substituting a bunch of could be's and maybe's. It's not a very impressive bit of journalism.

  • On 23 Oct 2014 in Cronyism from the left going to Hollywood, bob2356 said:

    mell says

    The FCIC report is not worth much since they are based of the 8Ks and 10Ks. That's where Cramer got his info from when he screamed "buy buy buy Bear Stearns, they are rock solid!" - just before they went belly up. I have given you numbers of CDS exposure that alone could have brought BRK down - why do you think the Fed backstopped them?

    So you are saying that no can get the information, but lacking the information you can predict that BK would have gone under? How is it your numbers lacking the details are better than anyone else's numbers lacking the details. That's an interesting position.

  • On 23 Oct 2014 in How about a Clinton Warren ticket, bob2356 said:

    sbh says

    We plan to travel extensively over the next twenty years: a month in Australia and New Zealand is next for this winter

    If you want info on NZ travel let me know, I just got back after 8 years living there.

  • On 23 Oct 2014 in Carribean med schools have helped ease doctor shortage, bob2356 said:

    Anyone have a clue what FORMER congressman shows (apparently still hanging around DC 11 years after being voted out looking to suck off government teat) is talking about?

  • On 23 Oct 2014 in Cronyism from the left going to Hollywood, bob2356 said:

    mell says

    We all don't know if it would have happened without TARP, but the likelyhood was significant.

    That's a long way from BUFFET=TOAST. You are basing this on what information? Any article, research, link, anything at all or just I believe it's true? I haven't seen anything yet that documents how BK would have been taken under by AIG. I was assuming you could supply that since you are so definative it would have happened. I'll read the FCIC report and see what it says.

  • On 23 Oct 2014 in How about a Clinton Warren ticket, bob2356 said:

    Heraclitusstudent says

    tovarichpeter says

    How about a Clinton Warren ticket

    In other words: use Warren's reputation to sugar coat the feminazi bankster apologist Clinton, and then box Warren into a role from where she can't do anything.

    About a Warren-Clinton ticket instead?

    How about a warren-anyone but clinton ticket instead.

  • On 23 Oct 2014 in Stunning Siphonophore, bob2356 said:

    Call it Crazy says

    bob2356 says

    http://patrick.net/forum/comments.php?a=1795

    Dead wrong as usual. I have many reasoned discussions with people capable of reasoned discussion.

    You consider all the comments you made in the link above "reasoned discussions"?? Really??

    Your dementia is further along then we thought....

    Once more a return in kind. My dementia at least doesn't affect my reading comprehension. What is your excuse? Where is the word "all" in that sentence? The word in the sentence is "many". All and many don't look much alike so I have to assume you don't understand that they are not synonyms.

    You and softshell are dead last on my list of people capable of having reasoned discussions.

  • On 23 Oct 2014 in Hmmm... Looks Like There Were WMD in Iraq After All!!, bob2356 said:

    socal2 says

    So you are saying that if Saddam just hides his WMDs long enough from UN inspectors where they get rusty, they are no longer WMDs?

    If your big dick magnum 44 rusts away into a solid lump of inoperable junk is it still a weapon? Are you going to pull it out and shoot someone who is about to shoot you? After all there are still bullets and gunpowder somewhere in there. Please try this experiment and let us know how it works out.

    The operative term here is unusable. It was a pile of abandoned scrap and chemicals.

  • On 23 Oct 2014 in Cronyism from the left going to Hollywood, bob2356 said:

    mell says

    Without TARP => W. Buffet = toast

    Show me the numbers.

  • On 23 Oct 2014 in Stunning Siphonophore, bob2356 said:

    Call it Crazy says

    bob2356 says

    CIC doesn't resort to personal attacks? This is a joke, isn't it?

    Coming from a guy who's EVERY post he makes here is an attack??

    That's funny... Here's your list:

    http://patrick.net/forum/comments.php?a=1795

    Dead wrong as usual. I have many reasoned discussions with people capable of reasoned discussion. People with nothing to contribute but idiotic blather and endless personal attacks I reply in kind.

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