EJ's next bubble

[Supercilious]

http://www.tothecenter.com/index.php?readmore=7461

VeraSun Energy, one of the nation’s largest ethanol producers, filed for Chapter 11 bankruptcy protection on Friday.

The Sioux Falls, S.D. company produces about 1.6 billion gallons a year of corn-based ethanol. The company had locked in a price of $8 a bushel for corn in July, after rising demand and floods in Iowa had made the price unusually high. Currently, corn prices are $4 a bushel and the company is expecting a third-quarter loss of at least $63 million and possibly as high as $103 million, according to the Washington Post.

On Friday, the company, which went public in 2006, saw its stock close at $0.48, down from a high of $17.75 last December.

VeraSun intends its operations to be business as usual on Monday and will use the Chapter 11 bankruptcy protection to reorganize the company.

According to the Washington Post, the company had a reported $1.4 billion in debt as of June 30.

Good call...

[tombat1913]

Re: EJ's next bubble

Good call...

Those solar companies have been getting slammed down. I think EJ may have changed his forecast a bit recently, the FIRE economy is slammed to the ground and the policy makers are going to have to be extremely creative to create a new bubble with no lending mechanism.

Extremely creative or start another war. :eek: The military industrial complex employs a lot of people after all.

[Supercilious]

Re: EJ's next bubble

Those solar companies have been getting slammed down. I think EJ may have changed his forecast a bit recently, the FIRE economy is slammed to the ground and the policy makers are going to have to be extremely creative to create a new bubble with no lending mechanism.

Extremely creative or start another war. :eek: The military industrial complex employs a lot of people after all.

As I was trying to say back in July, I believe the next big thing after the oil (commodities) bubble is going to be forex ...

Anyway is good to know that has changed his forecast at least on an obvious issue.

[touchring]

Re: EJ's next bubble

I think the next big bubble is thrift.

[metalman]

Re: EJ's next bubble

http://www.tothecenter.com/index.php?readmore=7461



Good call...

the call was recession then infrastructure recovery. dead on. his forecast has not changed. pay attention.

[c1ue]

Re: EJ's next bubble

There were also Internet companies failing in 1999 and 2000 - that's the whole point of new industries starting.

[metalman]

Re: EJ's next bubble

There were also Internet companies failing in 1999 and 2000 - that's the whole point of new industries starting.

ej said do NOT invest in ANY of the existing solar/alt energy companies and funds, like that guy's who was with him on cnbc in feb. 2008... fell live 70% because most will not survive the recession/depression. the survivors are the good bets... think ebay and google post tech bubble. big winners may not even exist yet. the BIG ops will be in the energy/infrastructure PPPs when they form. that's the next bubble.

[we_are_toast]

Re: EJ's next bubble

I have no doubt that alt energy will be the next bubble. Listen to the politics. Obama has stated over and over that alt energy will be the foundation of his economic recovery program. Adding another few hundred billion to the debt to get this bubble started will be nothing compared to what is being added to bail out the banks.

Look for a back door tax on oil to keep the price high enough to prevent us from slipping back to our old wasteful (Ford hiring people to build more F150's) ways.

[Wild Style]

Re: EJ's next bubble

I don't think people truly grasp the cycle between boom and bust. Other wise this thread would have never been made.

[metalman]

Re: EJ's next bubble

I don't think people truly grasp the cycle between boom and bust. Other wise this thread would have never been made.

It's covered here Is The Debt Deflation Bear Market Over? and many other threads for subscribers. That's what we pay for.

trolls like $#* who don't subscribe post threads like this one.

[Nervous Drake]

Re: EJ's next bubble

.

[metalman]

Re: EJ's next bubble

For whatever reason, phirang and $#* always made me feel reactive towards their posts. It's been pretty consistent. I think it's because the focus of Itulip is seeing the forest for the trees, and these guys are experts at seeing the trees of the forest.

the reason symbols can't see the forest is he hasn't figured out that the break between the free and pay areas of itulip is that the editorial that talks about what's going on now (news) is in the free area but actionable analysis that tells you what is going to happen and what to do about it is in the pay area. phirang seems to have a reading comprehension problem. he reads 'don't buy mining stocks' as 'buy mining stocks' and 'bear market in stocks with 40% decline coming in 2008' as 'back up the truck and buy stocks'.

[metalman]

Re: EJ's next bubble

For whatever reason, phirang and $#* always made me feel reactive towards their posts. It's been pretty consistent. I think it's because the focus of Itulip is seeing the forest for the trees, and these guys are experts at seeing the trees of the forest.

the reason symbols can't see the forest is he hasn't figured out that the break between the free and pay areas of itulip is that the editorial that talks about what's going on now (news) is in the free area but actionable analysis that tells you what is going to happen and what to do about it is in the pay area. phirang has a reading comprehension problem... he reads 'don't buy mining stocks' as 'buy mining stocks' and 'bear market in stocks with 40% decline coming in 2008' as 'back up the truck and buy stocks'.

[Supercilious]

Re: EJ's next bubble

the call was recession then infrastructure recovery. dead on. his forecast has not changed. pay attention.

http://harpers.org/archive/2008/02/0081908

There are a number of plausible candidates for the next bubble, but only a few meet all the criteria. Health care must expand to meet the needs of the aging baby boomers, but there is as yet no enabling government legislation to make way for a health-care bubble; the same holds true of the pharmaceutical industry, which could hyperinflate only if the Food and Drug Administration was gutted of its power. A second technology boom—under the rubric “Web 2.0”—is based on improvements to existing technology rather than any new discovery. The capital-intensive biotechnology industry will not inflate, as it requires too much specialized intelligence.


There is one industry that fits the bill: alternative energy, the development of more energy-efficient products, along with viable alternatives to oil, including wind, solar, and geothermal power, along with the use of nuclear energy to produce sustainable oil substitutes, such as liquefied hydrogen from water. Indeed, the next bubble is already being branded. Wired magazine, returning to its roots in boosterism, put ethanol on the cover of its October 2007 issue, advising its readers to forget oil; ...[...]

Supporting this alternative-energy bubble will be a boom in infrastructure—transportation and communications systems, water, and power.

The call was Alt-E bubble and a boom in associated infrastructure.

For whatever reason, phirang and $#* always made me feel reactive towards their posts. It's been pretty consistent. I think it's because the focus of Itulip is seeing the forest for the trees, and these guys are experts at seeing the trees of the forest.

I don't know Nervous Drake why you always are becoming reactive whenever somebody dares to question the official party line of iTulip. There may be several explanations.

a)You may be form North Korea and you cannot understand that in an open and free society, dissent is not something to be frowned, by the contrary ... We cannot have a debate if there is a rule of mandatory agreement with somebody. Take it easy...

b)You may be a sensitive person that becomes reactive when the person you are a fan of is criticized...





Nervous Drake I hope I didn't make you cry ... :eek:
If I did I'm sorry and I'll promise to leave EJ alone for a while.

[metalman]

Re: EJ's next bubble

see, the way we know you are a troll is that you never have anything positive to say about the the ideas we have all developed here. only your ideas are valid, and we're all wrong. you pretend to engage in actual discussion but it's all designed to try to discredit the work we all do here.

and you post lies, such as this thread.

what do you think, folks? time to lose the troll yet?