Deeper into the world of investing
This week Al and Jeff delve a bit deeper into the world of investing with an emphasis on the really important factors behind the scenes of the investment world.
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In this show Al discusses:
- Segment 1 and Segment 2 – From Singapore, Grant Williams of Things That Make You Go Hmmm discusses the bond markets and why people should be very afraid.
- Segment 3 and Segment 4 – Al, Jeff and Cory Fleck delve into the importance of considering Austrian Economics when you are looking at the current financial markets.
- Segment 5 – Al and Ray Navis discuss real estate.
- Segment 6 – Michel Bouchard provides an update on Clifton Star Resources.
- Segment 7 – Jeff talks with bestselling libertarian author, scholar, and speaker Tom Woods about the current state of the liberty movement.
- Segment 8 – Jeff and Tom Woods discuss Tom’s Liberty Classroom project and the benefits of homeschooling.
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
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And that Bobby, is why I am sitting on the sidelines!
Big Al
sitting on the sidelines? Have you sold your positions, silver rounds? or Just not buying more?
Nope, Bobby, just not buying more as of now. I actually have added the following stocks a couple of months ago: Westhaven Ventures and just prior to that, Nu Legacy.
Not active since the first of the year.
Best,
Big Al
THE BAD SIDE OF BONDS
Bonds are perversely seen as safe investments.
What is a bond? A bond is the ability of an entity to pay.
When considering the debt of a government entity at our current debt addicted levels the full faith and credit in a bond is the ability of said government to tax its citizens.
If bonds are so safe then why is their viability dependent upon currency debasement and riot police?
Great point, Dennis M!
Big Al
http://i.imgur.com/35OJF.jpg As long as you live never forget Henry S Potter “The meanest man in The County”. DT
Hey Al, any updates regarding American Manganese? They’re so silent,, Noone really knows what their plans for 2013 are.. :S
Enter ‘Reaugh’ in the search field at top right and it will take you to the interview with Mr. Reaugh on Feb. 2 as part of the show last weekend.
Yes, Max, and I discussed that on the prior Weekend Show with Larry.
Big Al
[…] Listen to the show HERE! […]
Al, Jeff, and Grant discussed the bond market. The treasuries right now are at a support area and looking vulnerable. There should be a little pull back this week and at that point I’ll take a position. Short ETF prices have compromised the 50 and 200 MAs and for the first time in 2 years weekly prices have closed over the 50 week MA with the MA moving sideways.
QE forever. Let the good times roll. These days might be called the good old days in the future say 20 years from now when QE completely fails to work and gold around 3k to 5k
The dollar looks like it wants to rally for the short term at least as all other currencies are being manipulated down. I added quite a bit of Intel shares this week as they are beaten down. They have been written off by the market (still the no. 1 chip company) just like Cisco was written off and it went down to $15. My apple got sold before I could cancel my sell order as some news came out and it shot up another $18 or so.
Today’s WSJ A-8 to A-9 headline speaks volumes……
A-9 Venezuela Slashes Currency Value -Devaluation Aims to Ease Shortages
Pull Quote “The move will cut the government budget gap, but stoke already high inflation”
A-9………. Spain Confronts Tax Evaders
This headline is topped by a picture of two men carrying chairs from a restaurant captioned “Men identified as government agents confiscate property from a Madrid restaurant reported to owe taxes.”
Back to page A-8 on the fold “Argentina Bans Ads, Business Contend”–“Retailers say they have come under pressure to freeze prices.”
You can say we live in interesting monetary times!
Where are Willis C. Hawley and Reed Smoot?
DENNIS M. O’NEIL:
Question – I read the article at http://www.shtfplan.com/headline-news/south-america-goes-critical-now-chavez-devalues-currency-this-may-well-be-the-lighting-of-the-proverbial-fuse-everywhere_02092013 and I was wondering what will happen to stock prices if countries start nationalizing everything. I mean, if I have invested in a mining stock in “XYZ” country and it’s leader nationalizes everything in sight — will the share price in the company I invested in nosedive?
Anyone who wishes to answer this for me is welcome to — I am ignorant in this area!!! Thank you.
The problem with all paper assets is in certain circumstances they become very illiquid.
It is a mixed blessing.
On the one hand you did not want to be a buyer of Russian Company shares in 1918.
On the other hand no one has ever lost money in a North Korean Stock during my entire life.
Jurisdictional considerations are a part of due diligence.
I suspect you know the answer to your own question.
The only people surprised by the answer are people not smart enough to ask.
The only bad question is one you do not ask.
“Harry Truman famously said “Find me a one handed economist!”
To answer your question directly YES….your stock will arrive at the intrinsic value of paper in that scenario.
When jurisdictional concerns are significant the potential reward must dramatically overcome the risk.
http://www.youtube.com/watch?v=Csv1wXOr5tY
BTW – The Oddball Donald Sutherland character indicated there was 16 million dollars of gold in the German Bank. That was $35/OUNCE WWII era gold.
Back of the envelope recalculation:
16,000,000/35= 457142.85 ounces
Friday’s close 1667.20
1667.20 x 457142.85=762,148,571.43
I rounded the penny up.
Therefore Kelly’s Heroes liberated over 3/4 of a billion dollars in today’s gold price.
Thank you Dennis — that is what I figured (investing is NOT my forte, which is why I wanted to ask you and the guys / gals). With that in mind, what is stopping the US Pesident from saying, “the economy is so bad that we need to nationalize all of the resources — hand in your gold now for we need it to pay down the debt — if you keep it we will toss you in prison.”?
I responded to you below…but I forgot to add…one of my favorite quotes:
“When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it.” Frederic Bastiat
In such an environment as Bastiat described you will have other priorities.
You will want to keep your head about you.
Physical gold will have one significant advantage over many assets.
Gold is the most ready and available asset with which can be used to bribe the border guards. Credit to Art Cashin
Along with diamonds and silver as my grandparents found out!
Big Al
Some really good points, Dennis M.
The question I have is “just how far down the road are we?”
Big Al
I am pretty sure Bentnail that he would have a major revolution on his hands. I for one (two counting Kathy) would simply leave the country.
Big Al
Remember the Canadian gold junior Crystallex? The Venezuelan government nationalized it a few years ago and it finally went off the board last April; bankrupt. At it’s peak, it reached $11. Rusoro Mining (RML.v) isn’t holding up too well either.
I remember Crystallex only too well. Personally not a share holder, but many friends were. Sad for them!
Big Al
The last clause of the Fifth Amendment to the US Constitution:
“nor shall private property be taken for public use, without just compensation.”
Unfortunately elected officials are now ignoring the Constitution as amended.
My impression is if US elected officials continue to ignore their oath to the Constitution the American people may choose to ignore the 16th Amendment….. as well as other edicts form on high. Maybe this is why they want our guns?
Did I hit the nail on the head…or did I Bentnail?
I was a little more simplistic in my comment to Bentnail, Dennis M!
Big Al
Thousands of people have taken part in protests organised by the Irish Congress of Trade Unions in a number of cities across the country.
Debt burden marches took place in Dublin, Cork, Galway, Sligo, Limerick and Waterford.
ICTU said over 110,000 people took part in the demonstrations. However, local and garda estimates put the number at around 50,000.
The largest event took place in Dublin, where gardaí said up to 25,000 people took part.
Congress General Secretary David Begg warned European authorities that unions will campaign against the debt burden until they honour the deal of 29 June.
Speaking in Dublin’s Merrion square, he said there would be more “stoic little pixie-heads” and no more “Mr Nice Guy”.
Mr Begg told the crowd that they would be campaigning with the 60 million trade union members in the European Trade union confederation.
He said the situation where Irish people were paying 42% of the European banking debt burden was not fair.
Last week, Mr Begg said he hoped between 80,000 and 100,000 people would attend the protests.
He said that while the deal was an important step, Ireland was still nowhere near solving its financial problems – and the debt burden on the Irish people was still unsustainable and unjust.
In Limerick, around 8,000 protesters gathered at Pery Square following a march through the city.
Local ICTU representative Mike McNamara said 1.8m working people are still being asked to pay a total bank debt burden of €64billion.
He said the cost of the bank debt has been €9,000 per person in Ireland compared to an average cost of €192 per person in the EU as a whole.
Mr McNamara told the crowd that the limits of what people can bear and tolerate has well and truly been exceeded.
He said his message for Government was that people did not elect it to cut child welfare, close Garda stations and create yellow pack jobs.
He said an economy must serve the people, not enslave them, adding that the Government was elected to be watchdogs, not lapdogs.
In Cork, gardaí said around 6,000 people took part in the protest, which began on Parnell Place and continued through Merchants Quay, Patrick St before finishing on Grand Parade.
In Galway, gardaí estimate that up to 2,000 people took part in the rally.
In Waterford, local estimates suggest around 2,000 people turned out for the rally, which began from the Glen, to Bridge St, onto The Quay and finished on John Roberts Square.
Gardaí said around 6,500 people took part in the rally in Sligo town.
A rally took place in the main street, which was addressed by a numbe of speakers including union officials and a representative of the Senior Citizens Parliament.
The Celtic Tiger laid low.
HI JEFF…..Yes it’s a shame . it’s regressed back to a kitten. But as you know kittens grow up , & develop large evil claw’s .
The above was taking from RTE news , to see video’s Google RTE news.
Its my belief , that once we get into the Spring & summer, we well see a lot more , larger & coordinated protests all across Europe , ( people prefer to take to the streets when the weather is warm ) . I hear more & more people getting very angry.
The concerns of the people i speak are…More Govt, taxes…more local Authority taxes…The amount of immigrants in the country , & the amount still flooding in…
Inflation , because the people can “SEE” real inflation when they go food shopping, & have to pay their energy bills,Not the low Micky Mouse figures put out by the Govt. Then there is all the cuts in essential services…police…fire service…nursing service …..A lot of hospitals , here in the Uk , are not fit for purpose
Shame when you consider our health service was once the envy of the world.
& who do the people blame ?..Lame politicians , who bailed out the banks , & who pander to the demands of big Business …( minimum wage ) & tax breaks , not to mention , playing tail to the dogs in BRUSSELS , & the war hungry generals in the US.
Watch this year very carefully , i see huge unrest in Europe & the US…BY THE PEOPLE, who knows 2013 may go down in history as the year “THE PEOPLE SAID ENOUGH IS ENOUGH ”
I make a PLEA to the AMERICAN PEOPLE…..”DO NOT ALLOW THEM TO TAKE YOUR GUNS ” otherwise you will be near to becoming slaves …(to the few ) like the people of Europe……May your GODS go with you.
I don’t really see what taking or not taking guns affects!
Assuming “the people” do not allow their guns to be taken….Then what?
Am I suppose to believe “the people” armed with handguns, rifles or even machine guns can actually influence or defeat a modern government, armed with all kinds of really efficient nasty weapons of mass destruction, including nerve agents, neutron bombs, andweaponized viral agents.
The fact that the people are armed, may act as a deterrent. IMO
BTW…..Your a bright ray of sunshine….with that answer….. aren’t you.!!!
cfs…
It is a citizens army.
An all volunteer force.
A force all of which took an oath to the Constitution.
A force who vowed to fight enemies both foreign AND DOMESTIC.
CFS
It is those who want to ignore the 2nd Amendment that the armed forces have an oath to defend those that wish to protect it from!
YEP.
Remember….WHAT WILLIAM WALLACE SAID…..’they may take our lives, but, they will not take our FREEDOM”…irish history……
A people who lay on their backside, will be a people who,will enter the grave much to early…..uncle wally ….1948…
Uncle Wally is one smart philosopher, The Tall!
Big Al
OK….so it was scotish history,,,,just wanted irish to feel better…..
btw…..I disagree with cfs…..this is exactly the thinking that gives a person a spirit of quitting, although you may be wiser, or older, a quitter,is just that …..A QUITTER …..do not give up to the evil ones, for they have no more rights than what GOD has given them, not ones they have stolen…….
Cfs,
I really hope and pray that it never comes to that!
And, I would bet that so do you.
Big Al
Couple of comments, Mr. Irish,
First of all, no one will ever get all of our guns. I can’t guarantee a lot of things but I believe that I can guarantee that one.
Regarding the protests, you have to ask yourself about the demographics of a region. That will answer the question about the size of future potential protests. As long as the majority in the U.S. have cake and circuses, you will see no meaningful protests unless it is in regard to violence by a neighborhood watch person.
Big Al
This fellow McNamara seems likes his you know what is really together, Mr. Irish!
Big Al
Mr. Begg sounds like a Keynsian socialist nincompoop.
cfs….It’s not what he sounds like that’s important, but what he stands for.
Really cfs?
I didn’t take it quite that way. Can you explain why other than the reference to the unions.
Big Al
Al.
I hope you realize Keynesian Economics is not the current economic philosophy that lead us into this mess. The underlying premice of Keynesian is to increase the money supply (or deficits) during a contraction and THEN pay back the debt during the good times. Obviously not what governments did over the last 50 years.
The root of the problem is corruption at the highest levels of governments. Only Iceland went after the problem and is still pursuing the corrupted as well as the corrupters.
The king by judgement establishes the land: but he that receives bribes overthrows it.(Proverbs 29:4)
Thou shall not wrest judgement; thou shall not respect persons, neither take a bribe: for a bribe does blind the eyes of the wise, and pervert the words of the righteous.(Deuteronomy 16:19)
Good one ….MISSIVE.
The US is certainly not purely Keynesian Chaos.
Keynesianism is but a tool is a larger picture.
In 2001 when Congress awarded China MFN forever it was clear…..the US has signed itself up on the losing side of China’s Neo Mercantilist barrage. http://en.wikipedia.org/wiki/Most_favoured_nation
An open economy is vulnerable to such corrupting efforts …especially when it abandons its moral moorings.
MORAL,adj. Ethical , Good , Honest , Honourable , Just , Upright , virtuous , Abstract,
Ideal , Intellectual , Mental ………Do any of these words apply to politicians ?
I think not . ……..Next time anyone meets a politician , say these words to him or her , if they give you a funny look , & say , sorry i dont speak your language ……Then you know you have met a bad one.
Now!!!! Now!!!! I am a fear ‘in you might have had a bit too many. Politicians for the most part are right honorable blokes. I have come to think that people misunderstand the people who need us to misunderstand everything. They are only try’n to blind our eyes from the fright for if we all saw the rail we wouldn’t run a lick! It is for this reason I have contrived a slogan in an effort to make all understand politicos for what they surely truly are:
Politicians…………where organized crime goes when it is tired of running.
Dennis……”BRAVO”
Funny and often true, Mr. Irish.
Big Al
Dennis – China`s status was made permanent in 2001, it has been going for much longer.
“After having been suspended in 1951, China’s MFN tariff status with the
United States was restored in 1980 conditionally under Title IV of the Trade Act of
1974, including compliance with the Jackson-Vanik freedom-of-emigration
amendment, which must be renewed annually, and the existence in force of a bilateral trade agreement between the two countries.”
http://www.au.af.mil/au/awc/awcgate/crs/rl30225.pdf
I call agenda 21 the feodal system 2.0, and it certainly include a version 2.0 of colonial mercantilism:
“…the English passed regulatory laws exclusively benefiting the British economy. These laws created a trade system whereby Americans provided raw goods to Britain, and Britain used the raw goods to produce manufactured goods that were sold in European markets and back to the colonies.”
I told you guys, the elite lack creativity. They just use old formulas and give it another name.
Missive…my “forever” reference was a way to say as you more accurately did “permanent”. I agree with your statement.
Whatever we call it….. I call it Central Banking run amuck… which started in 1694 London.
Derivatives of needed things are all fine and good. That is until you need the needed thing and the needed things are nowhere to be found.
Moral moorings Dennis M?
Now there is one that I have not heard in a long time except on sites like ours.
Big Al
You know Missive,
I realize that an awful lot of things led us into this mess. I think one that is often overlooked is what I call predatory capitalism.
I also think that our leaders have definitely flunked their respective tests in how to steer a country.
Just my humble opinion,
Big Al
STATEMENT BY ERIC KING
ON BEHALF OF KING WORLD NEWS
http://www.kingworldnews.com/kingworldnews/King_World_News.html
OOOPS….link did not load correctly……..Please go to GATA..to read….Thank you.
ya…..do not forget to clear your cookies………
JERRY……I just did…..With a big mug of coca.
After listenhttp://kingworldnews.com/kingworldnews/Broadcast/Entries/2013/2/10_Eric_Sprott_files/Eric%20Sprott%202%3A10%3A2013.mp3ing to Sprott:
I got to thinking……
Mathematically many Governments will either default on paying pensions or will print a lot of money and fail to increase pensions at the same rate as inflation.
I suspect the US will continue ever-increasing QE and not default on actual payment of pensions. However, I suspect there is a high probability of a failure to increase payments to match inflation, and that to avoid an ever-decreasing standard of living more an more savings must be used to make up pension shortfalls.
Assuming I hope to live another thirty years in full retirement and not wishing to have to become a Wallmart greater with a walker, I ran some computations which allowed for increasing but variable inflation in both expenditures and and savings growth-rates.
The results were most depressing.
My initial set of parameters assumed an initial expenditure inflation rate of 5% growing at a rate of +1% a year. I.e. first year inflation 5%, second year inflation 6%, third year inflation 7%, etc., modelling a slow runaway Wiemar-style inflation.
The problem arises if one is unable to grow savings at a parallel rate!
The power of compounding as Einstein once remarked is amazing.
In the sinple Slow Weimar-style model I posited above expenditures in 30 Years compound to 48 times what they were in the first year.
Any flat savings growth rate,
such as assuming one can grow savings at 10% constantly each and every year,
actually fall short of providing enough coverage of costs at the 30 year point,
unless one has savings now of many times larger than I expected.
It is most enlightening, and quite scary, to adjust parameters and see varying results.
My general conclusion is that actually needs savings of about 100 times your current annual expenditure and a bit of luck even to survive a slow Wiemar-style inflation.
Surviving a faster Wiemar-style inflation appears nigh impossible without a lot of gold, a lot of luck and fully-employed caring children.
Okay cfs,
At least say hello to me next time you walk into my local Wal Mart. How did you find out about by new career by the way?
Seriously, actually very seriously, you bring up some very important points.
I have to tell you my friend, I truly hope that we are all doing the right thing!
Big Al
Cfs……I dont have to tell you what happening with pensions here in the UK, because i know that you know. Pensioners are suffering real bad , especially those further down the ladder , & i suspect it’s the same in Europe , & around the world , & not just because of inflation , & a real cut in pensions. It’s also their life’s savings, near zero % interest for the past 4 or so years , Yet “REAL” inflation has been around 7% , not the bogus 2% !!! put out by the government. On top of that they are been forced to sell their homes to pay for their care , if they have to go into a home, as you know with a lot of them , their live savings were tied up in their houses, which they planned to sell & downsize in order to free up cash to see them tru their retirement , so they now find themselves in a lose,lose situation.
Low pensions & a depressed housing market.
The porch painter apparently likes 1666.
STAY OFF THE PORCH WET PAINT!!!!!!!!!!!!!
Dennis , i am sure you & cfs , know the plague kills everyone , including those who release it !
Luckily the protesters will not have distinguishing DNA traits, however, I am fairly sure science is fairly close to modifying weapons to be DNA specific, and I am positive the US has chemicals and/or immunizations available.
cfs2000 – Here is a nice video from PBS kids – Science I saw a few years back. I was stunned!
The 1918 flu virus killed up to 50 million people worldwide. Recently, researchers sequenced this frightening germ’s genome and published the data on a public database. Then other researchers used the genome to bring the long-vanished virus back to life. Was all this justified, even to help prepare for future pandemics? Read arguments for and against, then decide for yourself in our poll.
Thanks for the link Missive.
Will watch later this evening.
Big Al
Oh yeah Mr. Irish it does!
Big Al
Irish,
The problem seems almost insoluble.
Government has over-promised, resulting in people not saving sufficiently.
Now the government has an ever-escalating problem, which the STUPID, self-serving, real bastard politicians don’t even understand or appreciate. They keep on digging the average person into a deeper and deeper hole.
In allowing QE, I believe, the government is asking for revolt and assassination of its leaders.
I have considered many possible ways of adjusting inflation and QE to attempt a soft landing, and been totally unable to find one, even assuming a just one independent country model.
QE by any government is a crime against the citizens of a country, because no politician has considered the end effects.
cfs……& that is why the people MUST keep their GUNS.
Good points cfs!
Big Al
Big Al;
I believe many of your listeners now understand the future will not be pretty.
Many understand that converting their fiat holdings into real assets may help.
Many understand the government will not stop digging the hole until it is completely buried itself and us with it.
Do you know anyone who has any suggestions as to what the government could actually do to create a soft landing?
I see the economy as a jumbo flying at 40,000 ft, the engines running at higher and higher revs to gain altitude, while the wings are falling off due to metal fatigue.
“while the wings are falling off due to metal fatigue”
While dollars fall from the Bernank’s helicopter, it probably be silver and gold falling from the wings’ METAL fatigue.
Foam the runway!!!!!!
Put your oxygen mask on first and then help others!!!!
As per Doug Casey.
Look for a discussion of this very soon, cfs.
Big Al
To heck with the others, I’m looking for a golden parachute.
If I make it to ground safely, then I’ll think about helping others.
On a serious note cfs, you simply cannot help others until you help yourself. (Assuming that you actually need help!)
Big Al
You’re so funny! You certainly weren’t kindidg on the many changes. I should take a lesson from you … I’ve had the same hair, mmmm, for 4 years? Well, no 32 years – aside from that dreadful spiral perm in the 7th grade!
Thanks Richard,
Now up on our homepage.
Best,
Big Al
Interesting piece over at Bloomberg…Putin Turns Black Gold Into Bullion as Russia Out-Buys World………I found the link over at GOLDSEEK.
richard…….you beat me to it……..i was typing as you were posting………I really have to learn how to use more than one finger..haha
You ought to try your nose. It’s amazing what you can get done with your hands at the same time.
By Benedict Mander
Financial Times, London
Sunday, February 10, 2013
http://www.ft.com/intl/cms/s/0/12e9f32e-739e-11e2-9e92-00144feabdc0.html
I never know what to really believe about Venezuela…..
I have read stories about mass support in the streets for Chavez’s government on the 21st anniversary of his seizing power and protests over devaluation.
Probably both true!
CFS…
To know today Venezuela re-read Dickens.
I actually listened to a presentation at a Rotary Club that I used to belong to given by a grad student who Rotary supported in her studies in Venezuela.
She rather emphatically stated that the majority of those she spoke with did not support Chavez.
Big Al
And now for something completely different.
In the seventies I attended Mardi Gras in New Orleans.
In the eighties I went to Carnivale in Rio. (And actually saw the same dancers that performed in “Blame it on Rio”, Michael Caine Movie.
In the nineties I saw Carnival in Venice.
In the naughties I went to the Canaries for Carnival.
Now in the teenies, it is time to plan another place to visit for Fat Tuesday celebrations.
Any suggestions of a different place to go in the world for something different?
(So far, Rio was definitely the best……Venice was much too crowded, with not enough open space.)
Why is it that your choices are expanding and I have trouble finding a Friday Fish Fry?
Hey Dennis M,
I feel your pain.
We now have two restaurants conveniently located to our home. Did you hear me? I said TWO!
Big Al
How about the queue’s at the job centre’s , or the queue’s at the soup kitchens , or for something really special , Pakistan , & watch the ..DRONE MURDER’S of CHILDREN
or perhaps , Africa , you know that huge country where ,
the civilised world believe’s it’ more important to protect animals while allowing millions to die….or you could just go to your local Hospice & make a donation,
Who know’s but one day you may need their service………But having just made my suggesting s , i am sure somebody will come up with an idea which will be more suitable to your need’s
There is a culture of debt, death and dark.
Let it be known that I am a member of the culture of gold, life and light.
Very hopefully, we all are Dennis M!
Big Al
Here is a really funny story Mr. Irish. Not actually funny but will tell you something about Step.
A friend of ours was bragging about an African safari that she went on where the tents were more like five star hotels and each time they “camped” they had an in-ground swimming pool.
Steph looked at this lady and said (no lie) “How could you possibly go swimming in a pool at your five star tent and not be absolutely ashamed of yourself. Don’t you know that kids are dying of lack of clean water.”
The woman calmly ordered another martini!
Interesting huh!
Big Al
The real classic has always and will always be New Orleans.
Big Al
It looks to me like the Dow might conveniently post a new all-time high just in time for the state of the union on Tuesday. I guess the PPT got the memo!
http://en.wikipedia.org/wiki/Plunge_Protection_Team#Plunge_Protection_Team
That makes Bart Chilton a member of the PPT. No longer a hippie.
Dan
That will be one hell of a coincidence won’t it Matthew!
Big Al
Is this watching paint dry?
Or are the Central Banks adding another coat?
Richard,
Only Palm readers are up this late!
Let me tell you something about your future……
You are very Sleeeeeepy!
I was pretty dinaspoipted with What Lies Beneath too. I didn t even think it was a good one off episode. I m much less frustrated by those then ya ll are but this one didn t even measure up the to the usual stand alone standards. Maybe I had just anticipated too much after a long absence followed by two so- so episodes, my expectations were really high. The science seemed especially bad it always is but for some reason Walter usually sells it to me no matter how bad but not this episode. I agree that the Broyles line was cheesy, unprofessional, and insensitive. Think about it everyone in that building is someone s family. They are talking about murdering them in cold blood but the reason they shouldn t is because Broyles is attached to some of them?
What I find interesting is that even the contrarians do not agree. I suppose this makes for great debate, however, this has me totally confused as to how to invest.