Rearden_Steel

Its impressive that a company would lose three times the amount of its own gross profit. This is so incompetent the word incompetent in this case is lacking. I will coin a new word; G-m-competent. It means to fail at something so completely that the outcome of an event is three times the opposite of that which was intended.

Like Peter Schiff said the only thing he is stimulating is the price of gold. Guess were I’m putting my savings in?

I understand perfectly what he is saying. I’m just pointing out the absurdity of his opening statement. It would be like Obama getting up and saying “I view government as a political thing”. He misses the fact that the government will pump money directly into the economy to re-inflate, avoiding the banks, that the national debt grows massively and nobody wants to buy that debt. Banks will lend once the economy is re-inflated and brought back from it's coma or deflation. We are already the greatest debtor nation and it will grow proportionally. Without the ability to produce real goods and wealth such as China and most can, the dollar eventually falls faster than all others. To qoute Peter Schiff "he is confusing short-term market fluctuations with long-term economic trends." I disagree. He is weasely opportunist who promotes himself by trying to discreadit Schiff. The jist of it is that Mish picked a specific time frame when he knew Schiff’s clients would not have made money, and used this short time frame of roughly 9 months to “prove him wrong”. To qoute Mr Schiff: "In particular, his posting on Market Oracle is primarily an attempt to attract business to his own firm (Sitka Capital Management), by bashing a much larger and better known firm. However, the strategies employed by the two firms are completely different and make a direct comparison useless. Also, as a broker dealer (not a Registered Investment Advisor as Mr. Shedlock’s firm), it would be illegal for us to publish or to otherwise make claims as to past or expected investment performance. Mr. Shedlock knows this, but sees a chance to gain credibility as a result of our lack of response to his challenge."

I’m sorry I can’t resist where one anaylst actually bets Schiff on the air that the market won’t go into recession and says the US Economy is in great shape! Then you get to he Ben Stein shrug off Mr. Schiff and say he likes Merrille Lynch because he feels “it’s a company that’s run great” (shortly before they nearly went bankrupt and was bought out by BoA). Another guy recomended that you buy Washington Mutual in 2008! Here is a recording ofhttp://www.youtube.com/watch?v=Msv6-EFX0Rcexplaining he does not see inflation in the future. He says witty and intelligent things such as “ I see inflation as a monetary thing”… no sh*t Mish!> A jackass like "Mish" has no business criticizing Schiff.

Here is a great video of Peter Schiff defending the gold standard against Mike Norman. Peter totally makes an ass of Norman once again on his own show (BTW this show was aired in last Dec shortly before gold’s rally). Another great prediction from a great man. Also here is a video of Peter Schiff debating home prices in 2006. Here Mr. Schiff explains that the housing boom was caused by the Federal government through the FED and Fannie Mac and that the price of houses will fall in 2007 and 2008 because of it. Watch as Mike Norman and the other commenter’s laugh at him. To Mr. Schiff credit he never loses his composure .

I agree. The dollar is going to weaken so fast that nobody will be able to take four more years. Already I think the Dow is worth only 4 ounces of gold and we haven’t even got started yet.

Growing up in rural Nevada we would often go coyote hunting. The coyotes were over populated and were a menace to cattle. Now coyotes are stealthy and skittish creatures so you don’t go bumping around in the night looking for them, you let them come to you. Prop up some bait and shoot them one by one as they come by. I believe the same is true for terrorist. Many of the insurgents that we kill are not Iraqi, they come from every were from Europe to Africa to Indonesia. We simply just sit and wait and pick them off one by one. Its far better we kill them in a shit-hole like Iraq then here in the US, and since that time there has not been another attack here. For a large part I believe its because they are busy being killed over there.

As a former First Class Petty Officer I can tell you that the first and foremost mission of the US Navy is to protect US interest at sea and maintain shipping lanes. Not to mention fighting the current pirate situation in the area. All noble causes. So unless you’re a sand sailor or a SEAL I’d imagine that your involvement in Iraq is little to none.

Say what you want about Steve Jobs but a least he never released a swarm of blood sucking insects into a crowd. That's Obama's job.

The story is "not so"surprisingly obscure.

What a jackass. If I turned up at a tech conference to talk business and some A-hole kept releasing Mosquitoes and talking about third world malaria I would be done with them.

Your absolutely right my last comment was meant in jest, however I realize it did not come off that way. I still think not reviewing Arizona’s last play was ridiculous. Apparently I’m not the only one. http://bleacherreport.com/articles/118743-...ll_results#poll http://myespn.go.com/blogs/nfcwest/0-8-50/...ter-ending.html

I can't believe they did not review that last play! It's the Super bowl, under 30 seconds, on the Steelers 39 yard line and they just decided to call it a game. What the hell? As a fan from Seattle all I can say is congratulations Steelers the refs gave you another one.

You are correct, if I invest a year ago with Peter Schiff I would have lost money. However, if you invested with almost anyone you would have lost money. If you invested with Berkshire Hathaway Inc a year ago you would have lost money as well. almost $50,000 a share . Would you say the same of Warren Buffet. This is almost exactly what Peter Schiff says. That the market has over extended credit and inflation will eat up everything. Its funny that you would criticize his investing when almost completely agree with his strategy. The index was my example not his. The thing about the Index is that you are looking at the price return but not the total return or net total which compound. Also, why would I want to buy indexes in a bull market when the prices are already high? Also the Index beat out 90% of mutual funds as well!!

I was under the impression that the whole album Antichrist superstar was a three part story line. I forget exactly what the story was about but each song represents the evolution of the “worm” as he calls him into a figure of power. While at the same time each of the songs has personal meaning to Manson himself.

Not true. What about things like index funds? Rarely a short term choice but good in the long run. Shiffs investment advice is geared twards the long run. If your expecting fast results with high margins then go to Vegas. In his response to such criticism he said:

John Adams as Mouch? Blasphemy!!

I don’t see what difference the bailout makes. GM has 170 billion in liabilities last quarter and has lost 20 billion in net income in the last two. I’m still waiting to see their latest numbers but last year they lost nearly 39 billion in net income and it looks like they will have around the same numbers in 2008. What the hell is 13 billion going to do for them? They lost more than that in the second quarter!!

I've noticed nearly all the post for the video was negative. Could the wind of fortune be changing already?

Damn, that was eerie. What a bunch of tools.

If a wild card Giants team could beat a undeafeated Patriots team this would be no feat at all.

That's a tall order.

Strangely enough the woman who wrote the article is white.

All I could think is whoa! A blatantly racist on the frount page of Oregons largest newspaper. In large font of the newspapers headline reads " WHITE IN THE FACE OF CHANGE" The headline actually uses "white" as a derogatory term. Needless to say I'm currrently working on a letter to the editor. At one point a person is quoted as saying "I admitted that I looked around the room, longing for someone who looks like me, so I could relate to them". If your looking around the room to relate to people you look like then your just a flat-out racist. I could maybe understand that an article like this in the back columns under the Opinion section but this was on THE FRONT PAGE!!

For once a piece of satire that paints Ayn Rand in a positive light: Ayn Rand to Obama: Read Atlas Shrugged!