Wow! Screaming right along! Maybe we can talk him out of messing with taxation on partnership interests if we get a little 2% and 20% going here.
The Obama Portfolio (Since Inception): +7.03%
Earlier: The Obama Portfolio
— Advertisement —
Comments (31)
Leave a comment
You can log in with your account or comment as a guest below.
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
I notice he has taken to speaking after the market closes. let’s see how we open tomorrow. and —————->
b1tches!
Happy days are here again!
Exactly my thought. Plus he is backing to ‘healthcare is the biggest threat to america’ spiel. Good god.
It is frightening how little this guy know and how utterly lost he would be without the teleprompters.
‘Complex financial transactions helped financial firms.’
Really? You mean to say that the trillions of dollars of asset inflation – out of which a few trillion were cashed out – was exclusively captured by the banks and no one else? Then shouldn’t there be like a few billion dollars in my account right now?
wow Obama is amazing. really, truely amazing. What next for the guy?
Ohhhh I hope its water into wine.
wow Obama is amazing. really, truly amazing. What next for the guy?
Ohhhh I hope its water into wine.
sell mortimer, sell
Wow….President of the united Staes called it! Thank you Mr. President!!!
When do the zero down, neg am, stated income arm’s come back?
@7 wow golly jee wiz.
when you blow him do you swallow? I wouldnt want you to get any on your pretty blue dress.
asshole.
@9 *whoosh*
btw it’s a spring dress from Ross
Does this fund offer leveraged notes? I’d like do a4.75% refi and invest in them
POTUS is a better market timer than almost all the bankers. Imagine the genius inside that brain.
EP didn’t i say my super secret quants called huge rally circa 650 a week ago? apparently there are still some boys in the game who still know what they’re doing, i’m thinking of signing up with them
Things are (even if a bounce) more positive then they were, yet most here are still complaining about Obama. What would the negative posters do IF for some bizarre things actually did get better for teh economy? Perhaps praise Bush for his leadership through the crisis or just call it cyclical etc.
Shouldnt we all be hoping, unless net short, that he actually succeeds since that is what’s best what is best for our country? Why do you all hate America so much?(Proverbial shoe on other foot now).
props to #6 though for Trading Places comment. Though Coming to America may be more fitting. Prince Akeem hands cash to a couple of bums [former Wallstreet high flyers], the bum [Randolph Duke] exclaims, “We’re back Mortimer”!
-C
trojan, why so much secrecy about your quants? C’mon, share your info with us!
@14, even Buffet is complaining about Obama and his priorities.
@14
for the same reason the left wanted us to fail in iraq. . .
we obviously want america to succeed you twit. but we are realists. have obama explain to you how pulling trillions of credit lines out of the market will affect currency velocity and spending habits. meanwhile the 10yr is on a tear and we have established a new yield curve. please barry, make my day in explaining how these things bode well for the economy. please explain how adding more debt to the us balance sheets through nationalizing health care and subsidizing green energy will help.
lets talk about the last great government energy subsidy plan: ethanol. while still not economically feasible, ethanol still walks the earth like a zombie because if it is pulled many farmers will fail. do you really believe the same will not happen in green energy? we will pay more for less abundant, less predictable energy. we will rely upon the natural gas interests to supply us electricity when the wind aint blowing and the sun is not shining. guess what comes next: LNG. who are the biggest LNG players in the world? russia, iran, algeria. lets reduce our dependence on foreign oil and increase it on foreign gas. sensible, right? do you really believe injecting government capital into health care wont cause insurance companies to change policies, renig on obligations and decrease care?
do you really believe the infrastructure of our health care system can take the addition of millions more people when it is already at capacity? what about our drug manufacturing base? less supply. . . more demand. . . lower prices???
do you really believe doctors and nurses will line up in droves to pay/take debt for expensive medical school when the government caps their pay and increases their work load? how much longer will emergency room waiting increase with all these new additions to the system? remove the profit motive from the production of drugs and guess who stops innovating?
what the fuck is this guy thinking? all these changes in the middle of the worst recession/depression since the 30′s? this guy is fucking nuts. i hope you all enjoy the change.
the U.S. can’t continue with “endless cycles of bubble and bust.”
revisit history and see how many countries fought market based economics and won.
advice: stay curve neutral assholes and forget about mean reversion
one more thing
what happens to the railroads when their main revenue driver, coal, goes hasta la bye-bye?
OBama and your lefty left socialists-communists and corrupt older than dirt congressmen/ senators….enjoy your 3.9 years left in office. Start making speech tour plans to the illegal immigrants.
By the way for you moron’s who call this is an Obama rally, the market has been down 50% since he took office..great rally einstein!
The Obama Portfolio (Since Inception): +7.03%
Strategy and portfolio composition = Sold short everything possible!
let’s face reality. in the long run, we all know how the president Dinkins story ends
Too bad all the gains will be erased by his capital gains tax….Really, Obama, really? Your treasury secretary doesn’t even pay taxes.
@17, re: green energy
i agree ethanol use is inefficient/moronic- but with the fall in oil there’s not really any issue anymore. but as for green energy as a whole, are you familiar with the economic principle of exogenous costs? gov’t support for wind/hydro/w.e power takes into account the exogenous side effects (most notably pollution) that the price of resources like oil/LNG doesn’t- thus the gov’t can play part of the role of a fully functioning market
@24
When you find a sufficient way to account for negative environmental externalities let me know. What is a polar bear worth to you, what are coral reefs worth, what is the expected value of global warming? What are they worth to conservatives, liberals, industrialists, environmentalists or communists? They would likely disagree on price. There is no fair way to calculate the costs. It will always be arbitrary to those who hold the calculators. Remember: the government is not the market, it is not the market, it is not the market.
Still withstanding, you’ve shifted our energy dependence away from a plentiful domestic source of energy; coal, at the expense of the million or so jobs that rely upon that industry. Mining, transportation and processing are just the tip of the iceberg. Take away coal and you will have to nationalize the RRs. Are the skill sets from those industries readily transferable to green industries? I sincerely doubt it.
How many more currently domestic manufacturing jobs will go overseas to escape the carbon tax? How many will leave to areas with more reliable, cheaper sources of energy? How many jobs will that cost? Example: the ceramic plates used in troop body armor is manufactured in China. If defense industries are outsourced that quickly, what else can stand the tide?
And still, we are left with unreliable sources of energy that have not proven their ability to produce the energy we require. And again, this will leave us hostage to those who own and are building natural gas hubs and pipelines. How much local NG supply does the US have and at what point does the local price so outpace the int’l price that LNG terminal construction looks profitable? What cartel of fun countries will grab the boon from that windfall? Not the friendly ones.
I agree that GW is a problem, but clean technology is not mature and now is not the time for a paradigm shift in our energy production. It would be absolutely suicidal.
@25, i appreciate a decent discussion here
i agree that placing a value on externalities is the by far most difficult job the gov’t can handle- see Krugman’s discussion of optimal tariffs. now i’m digging back to my poli econ of trade classes, but viewing the loss of energy/resource jobs abroad as a loss in US comparitive advantage does not quite apply. in fact, the massive subsidies the EU (nearest economic “competitor”) offers green energy likely dwarfs any US spending in the field- thus to eliminate unfair advantage in this industry would require gov’t spending. it is not as if in 10 years green energy will supplant “unclean” energy- far from it. these actions are likely small steps in what will prove to be a long and ardous process. and as small steps, they will not change the face of american industry overnight.
i have to raise an issue with the nature of “defence” industries because there are so many industries that could qualify themselves as necessary to fuelling nat’l defence- is the company that makes MRE’s as important as the shell maker? where does one draw the line in what industries to protect for security? won’t all industries even remotely tied to defence lobby for protection?
@26
Why should we care if the EU subsidizes an uncompetitive industry? Should we join them in wasting money or do we wait for their breakthroughs and piggy back off their success?
With defense industries that is true. But the point is that Cap and Trade places the power to calculate the price of carbon in the hands of government. And it limits the ability of cheap, domestic sources to produce energy at a time when the US needs no roadblocks to economic revitalization. Would we really give a shit about a bunch of dress wearing, hand-holding sheep herders in the desert if their was no oil there? The Levant and the Egyptians hate dealing with them themselves.
I choose my comparison to ethanol because at what point do we pull the subsidy bandwagon and say they are profitable enough? What type of absurd, view biased lobby and voting block will demand these subsidies stay on? How do you decide how much carbon release is enough to sustain our economy. Rather than building thousands of kilometers of sunfarms in the desert and then building the massive infrastructure to support that grid, why not use similarly unused/uninhabited land to build large scale nuclear power? Then pay for that to connect to the grid.
I am not talking about a loss in comparative advantage in the production of energy. I am trying to make a simpler connection. Limit the amount of carbon and take steps to ban coal and you will kill a lot of jobs. Next time you watch a train go by, count how many cars you see full of coal. Think about how many people mine, process and ship that black shit. Furthermore, these job loses will come to areas already hard hit by the recession and the loss of manufacturing over the last 30 years. Penn, Ohio, Col, and other coal producing states will pay a far greater burden. We would be disproportionately be consigning areas of America to depression. Look at what cap and trade does to fisheries. While it is optimal to keep these resources from being depleted, the result is high price and low availability. Think electricity would be any different? Look at California and the way Enron trading around the rules.
Simply put, the amount of power we require is far too substantial for us to rely upon green stuff. It is simply not economical.
Funding research costs to make green energy more economical is one thing. Trying to convert a coal based power grid in the middle of a possible Great Depression II is madness.
Obviously we need solutions. Cap and trade, as they discuss in the administration is idiotic.
Good discussion, Trojan. If only my competing shops always ate shit like they did today I could participate more.
And the “Obama portfolio” won’t be privy to any insider knowledge on forthcoming gov interventions or machinations, would it now?
Will Shapiro begin investigating portfolio’s market frontrunning. Ha, ha
Yes, he’s quite the oracle….
(just sayin’)
And the “Obama portfolio” won’t be privy to any insider knowledge on forthcoming gov interventions or machinations, would it now?
Will Shapiro begin investigating portfolio’s market frontrunning. Ha, ha
Yes, he’s quite the oracle….
(just sayin’)
And the “Obama portfolio” won’t be privy to any insider knowledge on forthcoming gov interventions or machinations, would it now?
Will Shapiro begin investigating portfolio’s market frontrunning. Ha, ha
Yes, he’s quite the oracle….
(just sayin’)
time to “SELLSELLSELL!!!!”