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turdburglar (39.69)

Random Thoughts August

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August 09, 2011 – Comments (5)

1.  The drought here in Texas is going to have to eventually have some kind of effect on food prices.

2.  Obama doesn't fool anyone any more after yesterday.  Even liberals are sick of his "I'll give a speech and that's about it" method of dealing with issues.  He has no credibility with anyone that he knows what he's doing.

3.  The Republicans are in disarray.  Their only hope is that Pawlenty grows some balls or Romney grows some charisma.  The rest are going to have a hard time in the general election, even if it is against President Hopey. 

4.  The downgrade was unwarranted.  The US can print currency and there is nothing to suggest that a real default is likely.  I have heard arguments that Treasuries should be downgraded because you don't want to be repaid in devalued dollars.  However, based on that logic, all dollar-denominated debt would be downgraded. 

5.  Hillary wants to be President.  That has been true for a very long time.  It won't change. 

6.  If Hillary jumped in to the race, does anyone think Obama could beat her in the Democratic Primaries?  Think about last time.  Let's make history.  Change Washington.  Those are easy checks in the Hillary column this time around.

7.  Which Republican candidate matches up well against Hillary?

8.  I don't like Hillary, by the way.  I don't like Obama either.  I don't like any of the main Republican candidates all that much either.  I'm annoyed that Huckabee isn't running, and beyond that I am okay with Pawlenty except that it would be embarrassing if the Democratic candidate was described as having more "testicular fortitude" than him despite being female.

9.  Rick Perry isn't even that popular in Texas.  Don't expect too much out of him.  Remember Fred Thompson last time around? 

10.  Come to think of it, I think Fred Thompson is probably better than any of the candidates in the field this time around.  That's not good.

11.  It's too bad that Ross Perot is so old or he and the Reform party might just have a shot.  I'd probably vote for him this time.  Remember those charts? 

12.  I don't think we're headed for an earnings recession.  Even if the economy tanks corporate earnings will still be pretty good.  I don't know if they'll grow, but I don't expect the good companies to lose money. 

13.  Do most gold investors have an exit strategy?

 

5 Comments – Post Your Own

#1) On August 09, 2011 at 1:53 PM, PeteysTired (< 20) wrote:

1.  Bumber crops elsewhere.  We will be fine for food.

2. Pawlenty is a RINO.  His policies were no different than Obama or Bush. Borrow (print) and spend and act like they work.

3. Agreed, but should agencies grade gov't debt at all?  If we don't grade debt is their another measurement?Obviously, the market doesn't like what it sees in the GDP numbers.  This is a great topic.

6. Wow wouldn't that be fun to watch!  She would beat her.  Not sure what her platform would be?  Spend more than Obama?  Any leadership change is better?

7. Ron Paul.  He is the only candidate that makes sense.  Republicans hate him though.

13. The end of fiat dollars.  Not going to happen so my gold is safe long term.

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#2) On August 09, 2011 at 2:12 PM, turdburglar (39.69) wrote:

2.  Bush was a Republican, not a RINO.  Who was the last Republican President that didn't borrow and spend like crazy?  Eisenhower?

7.  Ron Paul wants shut down the Fed to go back to the gold standard.  That really won't work for the economy.  By really won't work I mean a complete economic collapse.  It is probably less practical than just repudiating the national debt.

13.  "Not going to happen" seems like a bit of a contradiction. 

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#3) On August 09, 2011 at 3:27 PM, davejh23 (< 20) wrote:

6.  Would be pretty awesome to see Obama spend $1 billion and not even get the Democratic nomination.

8/3.  You think Huckabee has charisma?  Somebody had better step up.  I'd prefer an "I", but I think the "R's" would have to throw this one like they did in '08 for Obama to get reelected.

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#4) On August 09, 2011 at 4:12 PM, turdburglar (39.69) wrote:

Huckabee has some charisma.  His show on Fox News sucks but he's pretty funny on the campaign stump.

$1B isn't enough to make Obama's problems go away.  Maybe if he had about $5 trillion he could just pay off some of the debts he's run up and he'd be okay.  Or maybe he could use that $5T to do another stimulus and create another couple of hundred thousand jobs. 

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#5) On August 11, 2011 at 10:58 AM, turdburglar (39.69) wrote:

10:51 AM The USDA issues its monthly crop forecast (.pdf) showing the nation's heat wave and spring flooding took a harsher toll on most crops than expected. Production forecast (M/M): Wheat -1.4%, Corn -1.3%, Soybean -3.7%. Cotton +3.8%. [Commodities] Comment!

Thank you for watching the James New Channel - Unfair.  Unbalanced.  And Unashamed.

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