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Typical liberal. Hopeless. October 26, 2014

Posted by hslu in Global Affair, Islam, Middle East, Military, Muslim, Obama.
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Americans know that bombing the IS isn’t working in Iraq or Syria.

Americans know that not very many IS members have been killed by bombs dropped by hundreds of fighter jets no matter how accurate they are.

Americans are fully aware that without American soldiers on the ground, say 100,000 or something like that, it will be difficult to defeat the IS in Iraq and Syria. That will be another $1 trillion down the tube easy and Americans are tired of fighting other’s wars or building other’s nations.

Obama knows that too. Kerry knows that too. Pentagon knows that too. They are doing the minimum to keep the press and others off their backs. They are waiting for the next election so that they can dump the hot potato off to someone else’s lap.

So what do some liberals propose to do in a hopeless situation like this?

Let’s talk to the IS.

Yeah, that’s what some liberals are suggesting. They want to reason with the IS. They figure that the IS fighters are probably tired of killing too.


Source: Yahoo news.

It will be interesting to know the kind of offers being considered by America to the IS in exchange for what: part of Iraq or Syria for IS stop killing Shiites?

Good luck, Kerry. Keep praying like you are doing in the picture. You’ll need plenty of that in days to come if you keep your job.

Send in your deputies. Don’t go to IS HQ yourself.

Tell Obama that you’ve had enough of his mess. Recommend someone you don’t like to take your job. Let’s face it, Kerry, you’ll have no chance to get the Nobel Peace prize.

Life is short. Enjoy the billions from your wife while you still can.

Odd couple: Netanyahu and Obama October 8, 2014

Posted by hslu in Global Affair, Islam, Middle East, Military, Obama, Politics.
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Netanyahu came to the U.S. and talked to Obama for 2 hours.

Netanyahu came to DC for one thing: the Iron Dome. He wasn’t here to chat with Obama. He came to buy more Iron Dome because Israel pretty much used up their inventory when they shot down more than 1,000 mortar attacks from Hamas.

Netanyahu isn’t friends with Obama and Obama doesn’t want to deal with Netanyahu unless he has to. Do you remember this quote from Obama in 2011 on Netanyahu when Obama chatted with Nicolas Sarkozy: “You’re fed up with him, but I have to deal with him even more often than you.”

Well, after their talk behind the closed doors, politics and grandstanding started.

Chinese call this: 真正的好戲上場了。

Here are what Netanyahu said during a press conference:

“Everybody should support” efforts to roll back the Islamic State.

“Even more critical is our shared goal of preventing Iran from becoming a military nuclear power.”

Netanyahu also urged Obama:

“not to sign a bad nuclear agreement with Iran”

“I fervently hope that under your leadership that would not happen.”

Obama of course can’t let Netanyahu took all the limelight away from him. He opened his remarks with phrased like this:

“unbreakable bond” between the United States and Israel;

an “ironclad commitment to make sure Israel is secure.”

I think Obama was lying through his teeth. He despises Netanyahu. He doesn’t like Israel. He thinks the epic center of the Isrsel-Arab problem is Netanyahu.

Well, Obama didn’t stop there. Obama hid his real feelings toward Netanyahu at the new conference. After Netanyahu left, Obama had his press guy put out a warning to Israel on proposed settlements in east Jerusalem:

“This development will only draw condemnation from the international community, (and) distance Israel from even its closest allies,”


“the proposed housing project would poison the atmosphere, not only with the Palestinians but also with the very Arab government with which Prime Minister Netanyahu said he wanted to build relations.”

My question is this, if Obama hates Netanyahu so much, why didn’t Obama just cancel the U.S. arms agreement with Israel and stop selling Iron Dome to Isrsel all together?

My answer: someone won’t let Obama do it. There is a lot of money to be made by the defense contractors. They want the money.

Some iPhone 6 users aren’t very smart October 7, 2014

Posted by hslu in iPhone.
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Need I say more?


Maybe you can get some residual value back from your zapped iPhone 6 by selling it to a greater fool on eBay or Craiglist. Just tell your buyer that your iPhone 6 has been supercharged and the zapped phone is an one-of-a-kind collector’s item and you are selling it to the highest bidder. Your signature is included without extra charge.



Oil Price to drop. U.S. shale oil producers will feel the pain October 4, 2014

Posted by hslu in China, Cold War, Economics, Global Affair, Middle East, Oil.
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CNBC Headline; 10-2-2014: “Saudi signals price skirmish as oil heads to bear market” 


I saw this headline this morning on CNBC website and all the sudden what I talked to my friends about last night became so real right in front of my eyes.

Saudi has lowered the price of oil it exports without telling other OPEC members. I think Saudi is basically tired of seeing its market share drops even though oil prices stayed at $100+ level. To Saudi and a few other OPEC countries, even though oil price will drop, higher oil production rate will keep total oil revenue at more or less the same level. Some people predicted that oil will eventually drop to $75. WTI traded today at one time below $90 and finished at slightly higher than $90 at the close. I don’t know where oil will be traded at because no one is smart enough to call the price of oil with any kind of consistency.

One thing is for sure, oil price will head lower if Saudi carries out its plan.

Basically what Saudi wants to do is to keep Saudi’s oil production at a higher level to maintain its market share which Saudi has the spare capacity to do so and move oil price lower.

The implications of Saudi’s plan will be huge depending on how hard it wants to push price of oil down:

  1. Oil price will drop until it finds a floor, i.e., market find a new equilibrium point where high cost producers will drop out of the market and whoever can keep its production and development cost at a competitive level will survive. The ones who can’t will drop out of the market for now.


  1. S Gasoline prices will decrease to below $3/gal in many parts of the U.S. soon. Consumers will have more disposable money to spend. Lower gasoline prices will make people less likely to switch to all electric cars. America will increase oil import and trade deficit will move higher.


  1. Canadian oil sand and U.S. shale oil projects will suffer. Some companies will go out of business and layoff will happen sometime later. U.S. economy will take a small hit from lower activities in the oil patch. Canadian GDP will be negatively affected as well. Their production costs are simply too high to compete with those from oil producing nations in the Middle East. Oil companies operated in the Bakken will suffer more than the ones operating in the Eagle Ford area in Texas. Both will feel the pressure though.


  1. The financial situations for several OPEC countries will be positive even though oil price drops. The bottom line for OPEC countries is that total oil revenue will be kept at roughly the same level because production rates are higher. North Sea oil productions will decline as oil price moves lower. South American and African countries will see unrest as oil export decline. Civil unrest may happen if their oil exports decline.


  1. Russia will suffer the most because of sanctions and low oil prices. It will accelerate Russia’s alliance with China.


  1. Oil importers such as China, Japan, Korea, Taiwan and many SE Asian countries will benefit from lower oil price. It will help their economies grow.


  1. Inflation will come down globally. Pressure on the Fed to raise interest rate will ease. Consumers all over the world will pay less for transportation.


  1. Gold may drop in price too as commodity may move in sympathy. Natural gas may move in sync with price of oil too.


  1. Saudi will be less inclined to listen to what U.S. wants in the Mid East.

American exceptionalism on Display October 4, 2014

Posted by hslu in Cold War, Economics, Energy, Global Affair, Middle East, Oil.
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Take a look of this excerp from a CNBC story on Saudi’s intention to lower the price of its crude.


What do you see?

Cramer thinks Saudis ‘should’ be cutting supply to try and stablize prices.

Why ‘should’ Saudis do it but not the U.S.?

Subconsciously Cramer showed his American exceptionalism and questioning Saudi’s rational. Cramer forgot free market and capitalism are at work here. Why didn’t Cramer ask EOG, CXO, PXD, CLR and WLL cut back on their shale oil productions? It will stablize price of oil too, won’t it? Saudi oil or American oil, what’s difference?

If you are Saudi’s oil minister, what will you do? Should you defend your market share or should you just watch your shares of the pie slipping away?

America promote free market and capitalism at every chance it has. Saudis is doing just that.

If you can’t compete, please go to the  back of the line.

天大的笑話 October 3, 2014

Posted by hslu in Economics, Obamacare.
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THE American banker, I am sorry, former American banker, complained to a fellow economist a few days ago that he couldn’t get a refi loan on his house.

This is really unheard of. It is like  台灣中央銀行的彭淮南 can’t get a loan from the local bank he surpervises.



Hmm…, Bernanke’s networth is probably north of $50 million. Just a guess.

His book will be published soon. His cut: a cool $1 million. He will be a senior fellow or some title we can’t relate to at the Brookings Institution. He’ll probably make $200,000+ a year from this part time job. He charges a 6 figures fee for each and every speech he gives. He has a generous government pension. He probably gets a pension from Princeton as well.

The only reason why Bernanke can’t get a refi that makes any sense to me is this:

Bernanke is not on Obamacare.

My suggestion to Ben is:

Just pay that damn mortgage off.

Ben, you are a fairly rich man. You don’t need a refi. The top 1% don’t need mortgage interest deduction at the tax time. Besides, we all know that your Turbo tax skill isn’t that great you know. You will be better of using 1040EZ on 4-15-2015.

IMF, did you make a mistake? October 2, 2014

Posted by hslu in China, Economics, Global Affair.
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In a newly released report, IMF wsrned that shadow banking is a huge problem.

Hmm…, nothing new here. We knew China had big problems with unregulated shadow banking problem. But, the government has largely resolved that problem by incorperating shadow banking assets into banks.

Hmm…., wait. IMF said shadow banking is a bigger problem in the United State.

Hmm…, IMF, did you mix up U.S. and China’s data?



Hmm…, 白紙黑字大概錯不了。

We really liked Revel but October 1, 2014

Posted by hslu in Restaurants, Travel.
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It was sold at pennies on the dollar and the most beautiful and the most stylish casino in Atlantic City is history now.  We both liked it a lot because we had A Great time there. Yeah, we lost some money but where would you get 1000+ free spins playing penny slots? Yes, more than 1000 free spins. It was too many to remember. We sure had a lot of fun there.


We also like all the restaurants at Revel and we’ve tried everyone except Azure By Allegretti and the newer one: Village Whiskey.

Not sure what’s going to happen to the building but I hope the restaurants will reopen some day.

We will be waiting.

250,000 Miles October 1, 2014

Posted by hslu in Life, Death and Yuanfen.
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That’s how many miles I have put on my 2000 4Runner since 9-30-1999 when I bought it new in Dallas, Texas.


The picture was taken at around 10:35 AM yesterday which was, believe it or not, 9-30-2014. Exactly 15 years on the day. Pretty neat.

I was on my way to Sterling, Virginia when I noticed that and I pulled over on Leesburg Pike about 3 miles from home to take the picture.

It has been exactly 15 years since I had my 4Runner and it is still in pretty good shape. My wife kept telling me to get a new car but I intend to keep it for a few more years. Knock on wood.

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