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View Diary: Welcome to the Wonderful World Of Commodity Inflation (175 comments)

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  •  When Average People Notice (7+ / 0-)
    That the Big and Smart money has already begun to move out of anything into something else, that's usually a sign that the something else has already hit a top and its too late to join them. But don't worry, most of the Big and Smart money was probably too late to the party, too. The Big and Smart money is usually neither.

    -- You are all individuals! -- I'm not! -- Shut up! Be quiet!

    by Skjellifetti on Tue Sep 25, 2007 at 07:23:32 AM PDT

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    •  oh but they left the pensioner (9+ / 0-)

      to hold the bag for the hedge funds collapse.  Most of the uber-wealthy were long out of hedge funds before the debacle of late.  In about five-ten years the US is going to realize the thorough kleptocracy of it all.

      Making predictions is difficult, especially about the future~ Yogi Berra

      by stonemason on Tue Sep 25, 2007 at 07:27:34 AM PDT

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      •  Nonsense (1+ / 0-)
        Recommended by:
        Whiskey Sam

        Most of the uber-wealthy were either caught by the downdraft, too or did not have their money in hedge funds in the first place. No one could get their money out of their hedge funds for the simple reason that most hedge funds require long notice periods for withdrawals. Hedge funds often hold very illiquid securities and have long notice periods so that they can time the sale of these types of securities. A large chunk of the uber-wealthy do not invest in hedge funds to start with since they more often choose capital preservation over capital appreciation. There are over 8000 hedge funds. Only a handful have collapsed. Most are actually even or ahead for the year. One of the major purposes of hedge funds is to hedge -- i.e. continue to make money when other parts of the market are collapsing.

        Don't be fooled by a few headlines. They are headlines, after all, and rarely reflect actual reality.

        -- You are all individuals! -- I'm not! -- Shut up! Be quiet!

        by Skjellifetti on Tue Sep 25, 2007 at 07:51:38 AM PDT

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        •  wow, this is recent for you? (1+ / 0-)
          Recommended by:
          snakelass

          I'm talking about YEARS ago the really big smart money got out.  

          Read the Jim Puplova article if you will.  Or would you say you know more than he does?

          Making predictions is difficult, especially about the future~ Yogi Berra

          by stonemason on Tue Sep 25, 2007 at 08:04:18 AM PDT

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        •  and by the way (1+ / 0-)
          Recommended by:
          MarketTrustee

          I have been intensely studying hedge funds for months.

          Don't be fooled by a few headlines. They are headlines, after all, and rarely reflect actual reality.

          Oh crap.  You are the one who is just reading MSM.  Try Puplova, Noland, Winter, go anywhere.  Martin.  I do not get my info from Bloomberg as a foremost source nor Kudlow, thank you.

          May I direct those who would judge between you and I to Winter, Noland et al, Martin, this, this...

          Time for some homework.  There are hundreds of hedge funds that have folded.  They aren't all in the US news, you must understand.  They do have hedge funds outside this country.

          Making predictions is difficult, especially about the future~ Yogi Berra

          by stonemason on Tue Sep 25, 2007 at 08:09:08 AM PDT

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          •  That's Not Studying (0+ / 0-)
            I don't think that reading blogs that have articles titled "Beavis and Butthead Learn One of Life's Lessons" is studying hedge funds.

            You might try this if you want to study hedge funds. Go read articles where the author's actually try and measure things.

            BTW, I get 404s on your last couple of refs...

            -- You are all individuals! -- I'm not! -- Shut up! Be quiet!

            by Skjellifetti on Tue Sep 25, 2007 at 08:36:10 AM PDT

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            •  bookmarking comment for future reference (4+ / 0-)

              You think hedge funds are not a principle driver of global collapse?

              No one could get their money out of their hedge funds for the simple reason that most hedge funds require long notice periods for withdrawals.

              I'm talking 1) years ago about 2) a rarer class of old money who damn well drive the system because they own the very banks that comprise the federal reserve.  What, you think the Bushes make their financial decisions reading the WSJ?  Rather the 300 or so top Bush supporters in the primary private equity groups are the ones who tell the WSJ what to write.

              Some new money got had, sure.  Lots of it.  I am talking about the really old money who define the market.  The textbook crap about market forces being "natural" is a lot of edjamacation voodoo written by people who don't know economics from finance.  The market is highly manipulated by the few, always has been and always will until the money-lending trade is somehow snuffed out from the face of the earth.

              Read one satirical title of Winter and jettison?  You can't go through all the links of a single Winter column (and he is a great resource) in the time it took you to respond to my comment.  You don't know a thing about that author.  You're response here is pure knee jerk.  And in exchange you give me a Google search on hedge funds?  Really?  You read everything and then factored it all in the search?  Real quick study, are you huh?

              Only a handful have collapsed.

               My eye.  I'm not going to bother doing your homework for you.  I see you telling other people to buy textbooks here too.  You presume much.  Maybe you'd better look at some of the diarying other people here have done before you toss off guffaws.

              And don't come around me shilling for hedge funds.  These ferociously greedy, hubristic, conniving, immature little maniacs managing most hedge funds are destroying the US people with unregulated abandon/blessing from the kleptocracy, polluting people's pension funds, destroying our currency with their finance-based funny money, shortchanging  forced US dollar investors/creditors to the national debt, eating the mortgage industry alive and they belong in jail.  Don't shill to me about hedge funds.  I'll never give you an inch on that.

              Making predictions is difficult, especially about the future~ Yogi Berra

              by stonemason on Tue Sep 25, 2007 at 10:38:15 AM PDT

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    •  They did not notice it, not ever. (7+ / 0-)

      They are not supposed to.

      That is what bagholders are for.

      There is no Congress, there is only Zool.

      by cskendrick on Tue Sep 25, 2007 at 07:53:56 AM PDT

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