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Gary Jakacky

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  • Are We Really Witnessing a Bond Bubble in the Making? [View article]
    Statist nightmare indeed. Eurosclerosis comes to Amerika! Jimmy Carter economic policy leads to Jimmy Carter PE ratios.
    Aug 27 11:43 AM | Likes Like |Link to Comment
  • Is Protectionism China’s Achilles’ Heel? [View article]
    The whole Asia tiger thing is exports at all costs. We have seen it before with Japan and now Korea.

    China is vulnerable to strategic trade, where we [bluff, threat, occasionally even enact] import restrictions. China's collapsing exports would be a financial, domestic, and even military threat. Their threat to sell their US bond holdings is would give the FEd opportunity to to pick up debt at far less than face value.
    Aug 25 03:23 PM | Likes Like |Link to Comment
  • The Bush / Obama $4.4 Trillion Spending Boom [View article]
    What the market fears is that RINOs will confuse the SPENDING issue with the DEFICIT issue, and approve a set of soak the 'rich' tax increases. This is the most anti-business climate since Carter, and we are being rewarded with Carter economic performance.
    Aug 23 09:30 PM | 5 Likes Like |Link to Comment
  • The Fed should consider raising rates as much as 200 basis points, Raghuram Rajan says, because near-zero rates risk fanning asset bubbles or propping up inefficient companies. “Low rates are not a free lunch, but people are acting as though they are," the former IMF chief economist says. Krugman says it would be "an utter disaster."  [View news story]
    It was low interest rates that got us INTO this mess, and morons like Krugman think lower rates will get us OUT??? For decades productive workers and frugal citizens have stood by while tax incentives, inflation, and bailouts have rewarded promiscuous borrowers and lascivious lenders. If higher interest rates crush them, SO BE IT! See ya on the street corner beggin' for crumbs you boneheads. I've got a nobel prize for ya, for what its worth.
    Aug 23 03:38 PM | 5 Likes Like |Link to Comment
  • Predicting the Next Market Sell-Off [View article]
    Right. The first stimulus (the new deal), didn't end the first depression. The Obamafest didn't end the second depression (as Democrats call it); the jobs bill six months ago didn't generate any new jobs. But SHIRLEY we need a new government bureaucrat initiative to get the economy going. We are folliwng Jimmy Carter economic policy and getting Jimmy Carter economic performance.

    Government regulation and taxation is a monkey on the back of entrepeneurs everywhere. Time to start firing government employees and enable the private sector to takeup the slack.

    And don't call me shirley!
    Aug 23 09:34 AM | 4 Likes Like |Link to Comment
  • A Warning From the Cyclicals [View article]
    Thanks Dr. Hui. You might also point out that ADP (the payroll processor for most large companies) violated support..and that PAYX (the payroll processor for small, job creating companies) HAS no support :).
    Aug 23 09:21 AM | 2 Likes Like |Link to Comment
  • Financing Retirement: The Cistern Analogy [View article]
    My 'cistern' is more like a septic tank! :)

    ROCK ON!
    Aug 20 03:58 PM | 3 Likes Like |Link to Comment
  • Just about everyone believes China is a roaring superpower on the verge of toppling America, but that's the same thing the experts said about Japan in the 1980s. It didn't happen then, and Gregg Easterbrook says it won't happen this time.  [View news story]
    By the way it would be pretty easy for the US to stymie chinese growth, as well, simply by 'threatening' to impose import restrictions on Chinese products ["strategic trade"]. The collapse in Chinese markets would more than offset any negative effects to the US for the short period of time it would take us to make the point. By pressuring the Chinese to be transparent in their real estate loans and crony capitalist patronage of shell companies (usually on the coasts), these industries would collapse and raise the prospect of massive civil unrest. And let us not forget that China is surrounded by rivals who could easily be induced to make life miserable for them. If I recall those big bad Vietnamese did a good job in the 1970s. US base at Cam Ranh bay (with some good $$ for juice) would work wonders at closing off access to oil in the South China sea.
    Aug 19 03:56 PM | Likes Like |Link to Comment
  • Jobless Claims Are No Surprise [View article]
    Building houses we don't need, government hacks on our backs, retail stores selling to overweight consumers who can't get out of their SUVs without getting a run in their nylons, and degree mills which put 30 students @ $3000 in a course and pay the professor $950 to teach it online.

    These were the sources of 'employment' in the last decade. Until private enterprise is unleashed, we'll have another lost decade.
    Aug 19 12:11 PM | 8 Likes Like |Link to Comment
  • Buffett Bets Big on Healthcare: Portfolio Update [View article]
    Yikes....put all your eggs in one basket, but watch the basket!
    Aug 19 10:43 AM | Likes Like |Link to Comment
  • Is the Bond Bubble Comparable to the Dot Com Bubble? [View article]
    And of course, considering there has never been an empirically falsifiable/testable definition of "BUBBLE" provided, you can say bonds, or tech, or gold, or real estate, is in a bubble any time you want. Bubble-ism, like global warmingism, is a pseudoscience.
    Aug 19 10:35 AM | Likes Like |Link to Comment
  • Der Spiegel's portrait of Greece today, as austerity measures backfire: "Stores are closing, tax revenues are falling and unemployment has hit an unbelievable 70% in some places. Frustrated workers are threatening to strike back."  [View news story]
    Der Spiegel is the CNN/PMSNBC/NPR of Europe. I'll betcha the 70% unemployment isn't in the Halls of Power in Athens! Bring on the Republicans!
    Aug 18 03:06 PM | 1 Like Like |Link to Comment
  • Four Tech Titans With Cash to Spend [View article]
    Chuck could you reconcile this with some followup articles in the media about how this record cash is offset by record debt levels?
    Aug 18 12:52 PM | Likes Like |Link to Comment
  • Which Way Wednesday: Will Connecticut Last a Week? [View article]
    I love people who are mesmerized by the 'size of an economy.' If ya cram enough crack babies into Zimbabwestan, they could have the worlds largest economy. Per capita tells a different story. And by the way, when the viruses or superbugs sweep thru the world and cut population by 40 or 50%, I'll take western medicine over the charnal houses of asia any day.
    Aug 18 12:42 PM | 1 Like Like |Link to Comment
  • Koo: The Global Slowdown Is Becoming More Pronounced [View article]
    Go out to a posh restaurant in Rome, Berlin, Paris, London, Tokyo, Beijing, or Washington DC, and watch the fat-butted political hacks dine. THEN tell ME about government 'austerity' measures.

    The price of government is dead weight on the shoulders of entrepreneurs on 3 continents.
    Aug 18 11:10 AM | 7 Likes Like |Link to Comment