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Commercial Real Estate Leaves An Awkward Taste
During the work day I usually keep CNBC on to see if the Talking Heads are doing something entertaining on any given day. Usually I keep the volume low or muted until a story or person of interest pops up. As the latter hours of the morning were coming to a close the CNBC “Real Estate Task Force” with Re/Max CEO Margaret Kelly and Charles Cohen from Cohen Brothers Realty popped up. I figured on my way out to lunch I would at least give this motley crew a few seconds of my time. I didn’t listen to the whole…
5Feb2009 | Oxbury Research | 0 comments | ContinuedTrust and Mistrust. Mostly Mistrust.
“What ever happened to crazy?†~ Chris Rock
The Center for Nonsense and Bipolar Conjectures (also known as CNBC) is continuing its tradition of mental illness with the recent addition of the most sought-after of delusive diseases – multiple personality disorder.
The site is just the tip of the iceberg in terms of the wild volatility that once accompanied the market, but now is becoming a characteristic of the news and analysts’ interpretation of that news.
Against my better judgment, I want to confess to my readers that I regularly use CNBC’s website to check commodity prices, as they have a quick and easy…
23Jan2009 | Oxbury Research | 0 comments | ContinuedMark Faber: Short Tresuries, Long Hard Assets
The editor and publisher of the "Gloom, Boom, and Doom Report" says the best place for investments these days is in hard assets, but he has some suggestions for stock-market investors, too.
"You want to be in gold, silver, platinum, and also oil," Marc Faber told CNBC. "If you believe in a recovery of asset prices as a result of money printing, you should be in hard assets, particularly precious metals."
"I think the big trade in 2009 will be to go short Treasurys massively — I really mean massively — because we may not have inflation for one, two, three…
Wall Street Physics
This past week we saw more outrageous behavior from our government. The Federal Reserve and “Bailout” Ben Bernanke refused to give the details of the $2 trillion that they have “loaned” to financial institutions. I only wish I could get in on that gravy train!
Even more outrageous was a speech this past week by Treasury secretary “Handout” Hank Paulson. He basically said that the US is not at the heart of the global economic problems and that all countries are equally to blame. I didn’t know whether to laugh or cry.
Should I laugh? Is he really that dumb? I doubt it.…
17Nov2008 | Oxbury Research | Comments Off | ContinuedAmerican Banksters
Who said the following – “Some of our bankers have shown themselves either incompetent or dishonest in their handling of the people’s funds. They have used the money entrusted to them in speculation and unwise loans.” George W. Bush? Hank Paulson? Ben Bernacke? Nope – it was Franklin D. Roosevelt on March 12, 1933!
I guess human nature doesn’t really change much. I wonder if someone will write a book on our era similar to “The Great Gatsby” and its look at Gilded Age society. Maybe the book will be titled “The Fabulous Fuld”?
Hear the Money Talk
The ‘best’ of America was…
27Oct2008 | Oxbury Research | Comments Off | ContinuedChina Natural Gas continues to grow
Press Release
10/14/08
China Natural Gas, Inc. one of the leading providers of compressed natural gas (CNG) for vehicular fuel and pipeline natural gas for industrial, commercial and residential use in Xi’an, China, today announced that it has signed a contract with the local government to be the exclusive provider of compressed natural gas ("CNG") and piped natural gas to the Town of Tangyu in Lantian County, Xi’an City, Shaanxi Province. The Company will immediately commence the layout of infrastructure and expects to start providing natural gas distribution services beginning in the fourth quarter of 2008.
Mr. Qinan Ji, CEO and Chairman of…
The Little Market That Couldn’t
And people who think they’re laying rail.
Sigh. I tried. Really, I did.
But there was just too much idiocracy to allow the publishing of the first two articles I wrote this week. Originally, they were optimistic, forgiving, and light-hearted. Then I turned on the television.
And started laughing. A frustration-driven, maniacal laughter that rivals that of the Joker from Batman. And not Heath Ledger’s Joker, I’m talking the original – Jack Nicholson style.
Why?
Because I love watching fat cats sweating through their $3,000 suits, all but hyperventilating under the bright lights and cameras surrounding them, as even they struggle to believe the…
19Sep2008 | Oxbury Research | Comments Off | ContinuedEarthquake – Fault Line Runs Right Through Wall Street
I’ve always found that a good laugh always brightens up the day. I used to watch re-runs of old Three Stooges shorts. I just love Moe, Larry, Curly, and even Shemp. Recently, I have found that I don’t have to watch the Three Stooges any more for comedic relief. All I have to do is turn on CNBC.
CNBC – Better Than the Three Stooges
It is humorous to see such dim-witted people presenting financial news to the public. A great example of this on CNBC is the perma-bull, Dennis Kneale. CNBC has made him a regular on their Power Lunch program.…
15Sep2008 | Oxbury Research | Comments Off | ContinuedOil Hits $140 on Depleted Dollar and Supply Concerns
Oil and gold each experienced a fresh resurgence yesterday (Thursday) – with crude achieving a new trading record – after the dollar weakened in response to the policy decisions by central banks around the world, and the Organization of Petroleum Exporting Countries’ president said oil may reach $170 by the summer.
Gold jumped 3.7%, trading at a level of $915 an ounce for most of the day, while oil settled at all-time high of $139.64 a barrel, up $5.09, after setting record intraday high of $140.39 – its highest level since reaching a record $139.89 on June 16.
“I foresee…
27Jun2008 | Money Morning | Comments Off | ContinuedDueling Views on Housing: Jim Rogers Sees More Pain to Come While Warren Buffett’s Housing Expert Sees Rebound Under Way
When asked about their outlook for the crisis-ridden U.S. housing and financial-services markets, two U.S. financial experts provided outlooks that completely contradicted one another – once again underscoring how tough it is for investors to predict when the U.S. economy will turn around.
Jim Rogers, a best-selling author who co-founded the famed Quantum Fund with George Soros back in 1970, told Bloomberg News Thursday that the global credit crisis caused by the subprime mortgage meltdown is nowhere near over.
“I doubt that we’re half way through the financial crisis,” Rogers stated at a Barclays PLC (BCS) news conference Thursday in Singapore, where he…
12May2008 | Money Morning | Comments Off | Continued
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