IntenseDebate - Cullen Roche

12 years ago @ Great Leap Forward - MMT: Often imitated, n... · 1 reply · 0 points

I am flattered that you guys are keeping an archive of every comment I've ever made.

But seriously, what's up with all the name calling? Liar, idiot, etc? What is the point?

And what - are my opinions and understandings not allowed to evolve? I am sorry I read Soft Currency Economics before I read Monetary Economics. I am sorry I ever thought I was doing "MMT" and attached my name to it. It's obvious now, that I was never really all that close to MMT. So my views have evolved with time.

I think I've learned and evolved. You guys just attack that and call me names. I am sorry I disagree with MMT's points. I am. But calling people names and archiving old and irrelevant quotes doesn't really change what my current opinions and thoughts are.....

12 years ago @ Great Leap Forward - MMT: Often imitated, n... · 6 replies · 0 points

Randy,

For not knowing who I am, you sure do seem certain of my political beliefs and monetary understandings. Next time you decide to attack us so personally, you could start by at least getting the name of our approach right (it's just MR - Monetary Realism). It might bolster your argument.

Phil, I never said that. I said the the "printing press is not more powerful than the private production line". After all, money has no value if there is no output for it to be used to purchase. I don't think this is "austrian" or even that controversial....

Bod/Dismayed, I never said govt has no role in the economy. In fact, I've been in favor of greater govt regulation, deficits, and I am not even against the JG (despite MMT's misinterpretations otherwise). You regularly read my work and comment at PC so I know you're aware of this.

Is this what MMT has resorted to now? Petty blog posts, personal attacks and blatant misrepresentations and personal defamation? I sure hope not. I am sorry I disagree with some of your positions, but calling people "retarded", "anal" and telling them to "get a life" in your blog post is not helping your cause. Feel free to call me all sorts of names now and misrepresent everything I say....

17 years ago @ THE PRAGMATIC CAPITALIST - LLOYD BLANKFEIN AIN'T ... · 0 replies · +1 points

Gotta agree with that. Pisani couldn't trade his way out of a wet paper bag.

17 years ago @ THE PRAGMATIC CAPITALIST - LLOYD BLANKFEIN AIN'T ... · 1 reply · +1 points

It's kind of ridiculous. There was almost no mention of the 34% increase in FICC that resulted in more than HALF of their revenues. The fixed income trading alone should raise a huge red flag for anyone who is invested in GS. You just can't expect to get the real scoop from CNBC. The reporters aren't all that sophisticated and 90% of their guests have been entirely wrong about this market for the last two years. Dick Bove was on this morning....That guy called the banks a generational buy over 65% higher than they are today....

17 years ago @ THE PRAGMATIC CAPITALIST - LLOYD BLANKFEIN AIN'T ... · 3 replies · +1 points

I think CNBC catches a fair amount of undue criticism. Their reporters are amateurs. Liesman, their "chief economist" has no business background and graduated with a degree in journalism. Anyone that expects them to understand or coherently explain what is going on is expecting far too much from them.

The only person who deserves a good amount of criticism is Cramer. The man constantly misleads investors into thinking that any Joe Schmo can outperform the market by picking individual stocks. It's not that easy and his show causes small investors a great deal of pain. He should know better.....

17 years ago @ THE PRAGMATIC CAPITALIST - GS CRUSHES ESTIMATES, ... · 0 replies · +1 points

I certainly underestimated the creativity of the Treasury. I assumed the uptick rule was certainly the last bullet, but it looks like this stress test is giving life to a new last bullet....Of course, things change so we must adapt....

17 years ago @ THE PRAGMATIC CAPITALIST - OECD SHOWS NO SIGNS OF... · 0 replies · +1 points

Fixed the error. Thanks for letting me know. I must not have posted it to HTML originally. That's the second time today I've done it....I am still suffering from an Easter brunch food hangover....

17 years ago @ THE PRAGMATIC CAPITALIST - GS CRUSHES ESTIMATES, ... · 0 replies · +1 points

Yoyo,

I'm now thinking that the market could remain buoyant for the remainder of April. The problem is that the banks announce earnings for the next 2 weeks and no one in their right mind wants to get short in front of that. I still think we're likely to see "better than expected" earnings from the majority of the banks. Then we'll get an announcement on the stress tests at the end of the month. I wouldn't be shocked if that announcement is one of these grand Sunday evening events where the Fed and Treasury declare that they have saved the world again. 5% market pop off that and then we're all set for the greatest "sell in May and go away" that the market has ever seen. These banks are not healthy and the economy is not rebounding. I am certain of both.

Personally, I am not getting short in front of these bank earnings. It's just too risky. Until then I can afford to be patient. If the market melts up further then it will only tee up my short positions better. If you want to be long I wouldn't allocate no more than 30% of my capital to the long side and I would likely do it entirely in tech names. I want nothing to do with the banks until these fake earnings are over.

17 years ago @ THE PRAGMATIC CAPITALIST - GS CRUSHES ESTIMATES, ... · 2 replies · +1 points

Nothing on the "about us" page is false. Some people at the big banks are smarter than they get credit for. I happened to learn a lot from them....

17 years ago @ THE PRAGMATIC CAPITALIST - GS CRUSHES ESTIMATES, ... · 0 replies · +1 points

I'm glad to help.

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