Surviving And Prospering Over The Next 4 Years Of Economic Darkness [View article]
Actually it was Tocqueville in the 1800's that best summed up the current situation........."The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.”
Stagflation: Coming Soon To A Market Near You [View article]
I am not paying their salaries/pensions as a taxpayer......and I am all for ending carried interest.....however the abuse by public employees unions are busting city and state budges. NYC pension/health expenses up over 400% over last decade. Percentage of Orange county budget going to public employee pensions/disability/he... benefits has gone from 8% of budget to 30% of budget in last decade. Fraud is fraud and no one goes after the union abuses....probably because all the major papers are union too...........and also going broke.
It Is Not Different This Time - It Is Worse [View article]
Isn't amazing that we spend more per pupil on K-12 than any country in the union and struggle to make the top 20 in math, science and reading.....before the teachers unions organized in 1962, we consistently ranked in the top 5 in all categories....in addition, spending per pupil was 1/3 of what it is now (in inflation adjusted dollars)....
It Is Not Different This Time - It Is Worse [View article]
Actually almost all of the rise in disability rolls over last 50 years is due to rise of "soft tissue" issues (Ex, bad back) and expansion of the definition of "depression".....both of which have the advantage of being tough to be disproved medically. Combined with the rise of attorney bucket shops that heavily advertise to get about anyone on disability along with the decline of the American work ethic has been a dangerous force that has worked to expand disability dramatically. There is really no other way to explain the 450% rise in the percent of working age population on disability since 1960 especially given work is less physically taxing than it ever has been in history. It is getting so disability fraud is approaching medicare fraud as a drain on the taxpayer (to the tune of $60B annually each)...The particularly galling part of the expansion on how public employees are abusing the system. Some police departments have over 50% of their people retiring before 55 on a pension and disability program. The Long Island Railroad dept was at 90% and they recently indicted 8 people for running the scam process to enable this which amounts to hundreds of millions a year to the taxpayers.
It Is Not Different This Time - It Is Worse [View article]
Nope, never taken a cent of govt money from any of those programs. I do know a lot of people (unfortunately including a family member) that are abusing these benefits......Here is a scary statistic....number of workers per one person on disability in 1960:134......today:16.
Now that Obama and Ryan have revealed their respective plans, here's Paul Krugman's take: So far, it's "more about staking out positions than about enacting policies. On one side you had a combination of mean-spiritedness and fantasy; on the other you had a reaffirmation of American compassion and community, coupled with fairly realistic numbers. Which would you choose?" [View news story]
Krugman couldn't run a lemonade stand properly. Left wing academic whose only work in the private sector was an Enron advisor.....enough said.....................
"Here's a novel way to drive up a company’s share price," writes the NYT's Jeff Sommer. "Pay billions of dollars in additional taxes." Forensic accountant Robert Olstein reckons that companies such as Apple (AAPL), Microsoft (MSFT) and Cisco (CSCO) should repatriate the tens of billions dollars they hold abroad, pay tax on it, and then use the rest of the cash to repurchase stock. That would boost their share prices by at least 20%. [View news story]
That would not be in investors best interest. Typical NY Times, never mentions the company has already paid tax on that income in country of origin......of course, liberal scribe never has problem with double taxation of the rich or bad old corporations.
The NYT's John Broder takes Tesla's (TSLA) Model S up and down the East Coast from Washington on Interstate 95, where the company has installed Supercharger stations 200 miles apart. Things start dandily enough, but then the weather cools, and Broder has to endure freezing feet and white knuckles because he has to turn the heating off to preserve power. Eventually, he needs a tow truck to pick him up because the car runs out of juice. [View news story]
Sure glad the taxpayers are providing more largess so millionaires can buy this toy.....and we wonder why nation is going broke.
Stagflation: Coming Soon To A Market Near You [View article]
Actually I think the most telling stat on how easy firefighters have it compared to their forefathers is this. In NYC, fires per capita are down by 2/3's over the last hundred years. Firemen per capita has remained the same. Which means the average firefighter is fighting 1/3 the fires of his predecessors while getting paid a hell of lot more by the taxpayer.
Surviving And Prospering Over The Next 4 Years Of Economic Darkness [View article]
We have done well in the market (if you do not price the S&P in gold) as we had a huge selloff and because of the asset inflation enabled by the various QE efforts. Unfortunately, our debt situation is out of control and from a job an economic growth perspective this is the weakest recovery in American history. We can't even take the Fed's training wheels off four years into this "recovery" which should tell you something.
Surviving And Prospering Over The Next 4 Years Of Economic Darkness [View article]
Only because of the resulting monetary inflation. The S&P priced in gold is totally different than just the S&P as far as the true gains of the past four years. No economic or job growth to speak of a massive contraction to be speak of.
Financial markets are telling to us to focus on jobs, not deficits, Paul Krugman writes: "Investors are all dressed up with... no place to put their money. So they're buying government debt, even at very low returns... By making money available so cheaply, they are in effect begging governments to issue more debt. And governments should be granting their wish, not obsessing over short-term deficits.” [View news story]
Krugman is a moron on his whole debt tirade. He never mentions that the Fed is buying over 60% of new treasury debt, take that away and interest rates skyrocket.
Surviving And Prospering Over The Next 4 Years Of Economic Darkness [View article]
Surviving And Prospering Over The Next 4 Years Of Economic Darkness [View article]
Stagflation: Coming Soon To A Market Near You [View article]
It Is Not Different This Time - It Is Worse [View article]
It Is Not Different This Time - It Is Worse [View article]
It Is Not Different This Time - It Is Worse [View article]
Now that Obama and Ryan have revealed their respective plans, here's Paul Krugman's take: So far, it's "more about staking out positions than about enacting policies. On one side you had a combination of mean-spiritedness and fantasy; on the other you had a reaffirmation of American compassion and community, coupled with fairly realistic numbers. Which would you choose?" [View news story]
"Here's a novel way to drive up a company’s share price," writes the NYT's Jeff Sommer. "Pay billions of dollars in additional taxes." Forensic accountant Robert Olstein reckons that companies such as Apple (AAPL), Microsoft (MSFT) and Cisco (CSCO) should repatriate the tens of billions dollars they hold abroad, pay tax on it, and then use the rest of the cash to repurchase stock. That would boost their share prices by at least 20%. [View news story]
The NYT's John Broder takes Tesla's (TSLA) Model S up and down the East Coast from Washington on Interstate 95, where the company has installed Supercharger stations 200 miles apart. Things start dandily enough, but then the weather cools, and Broder has to endure freezing feet and white knuckles because he has to turn the heating off to preserve power. Eventually, he needs a tow truck to pick him up because the car runs out of juice. [View news story]
Stagflation: Coming Soon To A Market Near You [View article]
It Is Not Different This Time - It Is Worse [View article]
Surviving And Prospering Over The Next 4 Years Of Economic Darkness [View article]
Stagflation: Coming Soon To A Market Near You [View article]
Surviving And Prospering Over The Next 4 Years Of Economic Darkness [View article]
Financial markets are telling to us to focus on jobs, not deficits, Paul Krugman writes: "Investors are all dressed up with... no place to put their money. So they're buying government debt, even at very low returns... By making money available so cheaply, they are in effect begging governments to issue more debt. And governments should be granting their wish, not obsessing over short-term deficits.” [View news story]