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Tuff-Stuff

09/26/10 6:59 AM

#336884 RE: Tuff-Stuff #336883

With the lowest net debt to GDP ratio among G7 nations, Nassim Taleb says he's bullish on Canada (EWC). Meanwhile, likening America's bulging debt burden to a tumor, Taleb says spending its way out of recession has only exacerbated the problem: "When you give tranquilizers to a cancer patient, they feel better but the cancer gets worse."

Obama Stimulus Made Economic Crisis Worse, `Black Swan' Author Taleb Says

http://www.bloomberg.com/news/2010-09-25/-black-swan-author-taleb-says-obama-s-stimulus-made-economic-crisis-worse.html
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DewDiligence

09/26/10 7:39 AM

#336889 RE: Tuff-Stuff #336883

The lumber REITs like Plum Creek (PCL)…and their 4+ percent yields look positively cheap by comparison [to office-oriented REITs]. Even so, 4 percent? I grew up on a farm. Growing anything on the farm or in the forest has risks. And these numbers just don't cut it.

Huh? I read the above passage three times, trying to make sense of it, but there is no sense to be made. Henry W. Schacht, the author of the piece you posted, has not conducted the rudimentary DD on Plum Creek (PCL) to understand where its income comes from. Yet another blowhard I can safely ignore :- )