Posted on 10/19/2009 11:30:01 AM PDT by Ernest_at_the_Beach
I’m long in the shorts, too.
You sound just like my son...he’s physicist too.
...until we finish that second beer while watching Monday Night Football.
This could end in another big mess of a dollar collapse, initially much higher interest rates, then stagflation as high interest rates send the economy back into a mild recession combined with sky-high food and energy prices. That’s what’s going to happen if BHO and congressional leaders don’t provide responsible leadership on the federal budget soon. Unfortunately there’s a good chance that they won’t provide any leadership until we’re in that big mess.
They’ve printed a lot of money in the last two years, and it will start working its way into the economy as soon as consumer loan demand picks up next year. Then you can expect food and energy prices to start rising rapidly.
See #14.
We are already beyond the “interesting times” mention in the ancient oriental curse. We are in terribly “tenuous times!!!” (yes, you can quote me on that)(grin)
(/rimshot)
Seeds of crisis sown in dot-com: Rogoff paper ( referring to the 2008 -2009 Financial Crisis)
LOL!
Baa! Humbug!
Thanks for this cheery news.
Yew bedder stop laffin an start cringin_at_the_Beach, Ernest!!!
Good idea on reforming entitlements. It should not be for the poor beyond what people were screwed out of all their working lives. When caculating payments in made by seniors, both the employer’s share and the employee’s share should be counted as their payment into the ponzi scheme.
Note: topic is from 2009.
http://www.freerepublic.com/tag/greenlightcapital/index
Hedge fund all-star David Einhorn posts his worst year ever, losing 34% in 2018
Wednesday, January 2, 2019
https://www.cnbc.com/2019/01/02/hedge-fund-all-star-david-einhorn-posts-his-worst-year-ever-losing-34percent-in-2018.html
David Einhorn Exits Billionaire Club After Horrible Investment Run
Antoine Gara
March 5, 2019, 12:00pm
https://www.forbes.com/sites/antoinegara/2019/03/05/after-horrendous-investing-run-david-einhorn-exits-billionaire-club/
Elon Musk’s recent tweet:
https://pbs.twimg.com/media/EI1WVcbU0AA69qX?format=jpg
https://www.cnn.com/2019/11/08/investing/elon-musk-tesla-short-shorts-david-einhorn-greenlight/index.html
from a year ago (Gerber amusingly turns the tables, also notes that his firm has started an Opposite Einhorn fund that was up 25% that year):
Greenlight’s David Einhorn compares Tesla to Lehman Brothers
26,539 views
October 5, 2018
CNBC Television
Gabe Hoffman of Accipiter Capital Management and Ross Gerber of Gerber Kawasaki debate the soundness of David Einhorn comparing Tesla to Lehman Brothers.
https://www.youtube.com/watch?v=S_MuCwdbPKs
https://gerberkawasaki.com/
This is just gratuitous:
Gold Suffers Worst Week in Three Years as Bulls Run for Cover
Bloomberg
Krystal Chia and Elena Mazneva
November 8, 2019
https://finance.yahoo.com/news/gold-suffers-worst-week-two-030339501.html
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