tag:blogger.com,1999:blog-12897315.post5646722289277419914..comments2024-03-28T08:15:02.660-05:00Comments on Dad29: The Cause of the DiscontentDad29http://www.blogger.com/profile/08554276286736923821noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-12897315.post-14575664868936498862010-10-15T16:29:07.601-05:002010-10-15T16:29:07.601-05:00McCain's numbers started going south about the...McCain's numbers started going south about the same time that he announced his running mate too. I'm not saying that's the reason, all i'm saying is that A LOT happened in that time window. <br /><br />Commodities are definately worth watching right now. I'm not sure what to think yet.J. Struppnoreply@blogger.comtag:blogger.com,1999:blog-12897315.post-20443444440849462442010-10-15T13:03:16.457-05:002010-10-15T13:03:16.457-05:00You can look it up: McCain's numbers went sou...You can look it up: McCain's numbers went south immediately after he "suspended his campaign" in October.<br /><br />Gold is a bubble. The others? We'll see.Dad29https://www.blogger.com/profile/08554276286736923821noreply@blogger.comtag:blogger.com,1999:blog-12897315.post-88095852352164808912010-10-15T11:01:54.321-05:002010-10-15T11:01:54.321-05:00"Umnhhh....McPain's turnout went south as..."Umnhhh....McPain's turnout went south as soon as he voted for TARP. That contributed quite a bit in a 6-point margin."<br /><br />Come on. People turned on McCain's as soon as the public realized that the economy was in free fall and they might lose there jobs. The average American didn't know what the hell even was until much later in time.<br /><br /><br />"And today in the 30-year. And the 10-year auction of yesterday? Falloff in bid/cover AND in indirect buys"<br /><br />How much did they sell for in terms of historical data? Were there any left unsold? What's the long term yield on the 30 and 10 year again?<br /><br />And we'll see about gold and the other commodities. I'm very skeptical about whats happening there.J. Struppnoreply@blogger.comtag:blogger.com,1999:blog-12897315.post-46024871327461036982010-10-14T17:43:47.760-05:002010-10-14T17:43:47.760-05:00almost nobody voted for Obama based on excessive d...<i>almost nobody voted for Obama based on excessive debt levels</i><br /><br />Umnhhh....McPain's turnout went south as soon as he voted for TARP. That contributed quite a bit in a 6-point margin.<br /><br /><i>Not in the bond markets. Not in equity markets. Not among people who know better.</i><br /><br />No. Only in the USD, gold, and base commodities. And today in the 30-year. And the 10-year auction of yesterday? Falloff in bid/cover AND in indirect buys.<br /><br />The "smart" people, remember, designed CDO's without a "home-price-falling" factor. The "smart" people reduced margin requirements for the IB's.<br /><br />The "smart" people spend $800Bn on projects which DO NOT EXIST.<br /><br />Yup. They're real smart.Dad29https://www.blogger.com/profile/08554276286736923821noreply@blogger.comtag:blogger.com,1999:blog-12897315.post-90080812119794468372010-10-14T16:32:33.173-05:002010-10-14T16:32:33.173-05:00"...Barack Obama apparently never figured out..."...Barack Obama apparently never figured out that he had been elected in part because that massive Republican borrowing had sickened the American people."<br /><br />The deficit was not a big issue in getting Obama elected. In fact, almost nobody voted for Obama based on excessive debt levels. And the people who are freaked out right now didn't vote for him anyway. The financial crisis and collapse in employment got Obama elected. <br /><br />"there is real fear that something terrible will soon come from this unsustainable level of spending"<br /><br />No there is not. Not in the bond markets. Not in equity markets. Not among people who know better. not in the short term. This is a manufactured lie that has been told so many times that's it's just assumed to be true. Maybe your neighbor is freaked out because he doesn't understand that debt is a function of GDP but the market understands this full well which is why there is simply no indication that U.S. debt levels are a serious short term problem.J. Struppnoreply@blogger.com