tag:blogger.com,1999:blog-1527840491496268397.post7004913815554399953..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: Review of The Frackers by Gregory ZuckermanUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1527840491496268397.post-33734650174656343392015-01-28T14:10:41.673-07:002015-01-28T14:10:41.673-07:00Finally looked this up!
"Force 10 blows hole...Finally looked this up!<br /><br />"Force 10 blows holes in the dam and it explodes while Miller (Edward Fox) and Weaver (Carl Weathers) look on."<br /><br />http://movieclips.com/vzTEN-force-10-from-navarone-movie-the-dam-bursts/CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-51903246427472154122014-01-28T21:58:22.641-07:002014-01-28T21:58:22.641-07:00" (2) The guys who "hit it big" sta..." (2) The guys who "hit it big" started working for themselves at a very early age (most had own companies by 25), worked harder than anyone else (6 am to midnight days not uncommon), took a lot of risks (technology, geology, land leases, borrowing, etc.), and made rapid decisions once the game was "on". They also had supportive wives. The men on the field that made the actual breakthroughs (i.e. in fracking mixes) were not the company owners and did not enjoy the upside of ownership."<br /><br />http://www.barbariancapital.net/2013/11/book-review-frackers-outrageous-inside.htmlCPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-32740819360787530302014-01-27T12:27:26.193-07:002014-01-27T12:27:26.193-07:00Interest rate spikes are rally-enders.Interest rate spikes are rally-enders.CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-12496462054244165652014-01-26T22:28:51.837-07:002014-01-26T22:28:51.837-07:00Why didn't it occur to them the effect that th...<i>Why didn't it occur to them the effect that this would have on price?</i><br /><br />In my opinion, best question in all of economics!<br /><br />Ever see Force 10 from Navarone?<br /><br />They need to blow up a dam. The demolition expert gives them the explosives. They place the charges. They detonate. Nothing happens. As you can imagine, they are not all that happy with the demolition expert at this point.<br /><br />Meanwhile, we see the demolition expert commenting on the apparent lack of a result. He says that these things take time. He basically says that you can't expect a dam that big to fail instantly with only a modest amount of explosives applied.<br /><br />This is how I see the recent rise in interest rates. Just because nothing bad happened instantly doesn't mean that something bad won't happen. These things take time! ;)<br /><br />As in Japan after their housing bust, I do not believe that our economy is in any condition to handle <a href="http://research.stlouisfed.org/fred2/graph/?g=rnx" rel="nofollow">3% interest rates</a>. Time will tell.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.com