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George Acs

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  • Why Raising The Retirement Age Is A Bad Idea [View article]
    It's not really a question of artificially doing anything. It's a question of maintaining the current state and allowing full retirement at the current ages.

    In fact, wouldn't changing the ages be the "artificial" thing to do?
    Jun 26 09:04 AM | 4 Likes Like |Link to Comment
  • Who's Wagging Who? [View article]
    Could you state that in the form of a question, rather than simply placing a question mark at the end of a declarative?

    Your diagnostic skills clearly obviate the need for the new DMS-V, but fortunately my focus got diverted so I never made it to your second paragraph. (Well that, and the constant readjusting of my mouse on its pad)
    May 31 07:26 PM | 4 Likes Like |Link to Comment
  • That Was The Crash, Dummy [View article]
    I have to agree with George Schneider's assessment on this one. Ben Bernanke gets the credit.

    Get over your distaste for the individuals that may have been at the core of leading the financial system into the abyss; the ones you refer to as "corrupt sociopathic banksters." It's not they who were important in the decision to act. It's not they who were the focus of any bail out. It was the US economy and the nation that was at stake.

    Your concern for the elderly is admirable, but you may or may not realize that what is the basis of a 5% savings rate is inflation that is even higher. You may or may not know the difference between real and nominal rates. Why not pine instead for the really good old days when you could get an 18% CD? I don't think many people would want to return to those days even if the interest they received did look good on paper.

    But at least you back up your name calling with facts and data. So at least there's that.
    May 26 09:04 PM | 4 Likes Like |Link to Comment
  • That Was The Crash, Dummy [View article]
    Ben Bernanke was initially received with so much disdain, especially since it was early in his tenure that the stock market began it's downturn.

    Interestingly, he was at precisely the same length of tenure as his predecessor, Alan Greenspan, when the market plunged in 1987.

    Although there are some who place blame on the prior Federal Reserve Chairman for sowing the seeds that became the credit. mortgage and banking crises, that overlooks the tremendously decisions he had made during his tenure that kept our systems at a high state of function.

    So too, with Ben Bernanke.

    Despite so much criticism from demagogue-like politicians with unilateral approaches to every economic issue, Bernanke has taken his academic prowess and applied it to the real world problems of the world's largest economy.

    We have been very fortunate to have had a succession of Volcker, Greenspan and Bernanke, particularly after Burns and Miller
    May 25 01:09 PM | 4 Likes Like |Link to Comment
  • That Was The Crash, Dummy [View article]
    Thank you.

    Any relationship to the famous author Stephen King?
    May 25 12:19 PM | 4 Likes Like |Link to Comment
  • That Was The Crash, Dummy [View article]
    After 20 years of suspended animation and a number of key metrics, including demographic shifts that are decidedly negative regarding future growth, something courageous and substantive was called for and long overdue.
    May 25 10:31 AM | 4 Likes Like |Link to Comment
  • That Was The Crash, Dummy [View article]
    It's like that old axiom.

    There's an obvious idiot in every meeting. If you don't see him, it's you.

    I agree, even though we all know that there must be some kind of correction ahead we can't just suspend all activities. Even plodding along is an active process and is better than completely shrinking back in fear.
    May 25 08:08 AM | 4 Likes Like |Link to Comment
  • Shame On You, Apple [View article]
    You make a very good point.

    It is entirely possible that Jobs' combat precepts are for a past war. It is entirely possible that Jobs would not have evolved to meet the challenges of an evolving marketplace because he was so confident that his past strategies were the key to future challenges.

    Tim Cook, thus far, has failed on many counts, including taking decisive stands in a changing landscape and adopting very defensive positions, which I define to include the dividend and buyback program.
    May 1 02:38 PM | 4 Likes Like |Link to Comment
  • Shame On You, Apple [View article]
    I like to keep investing decisions based purely on investing decisions.

    Certain stocks seem to have a more emotional core of investors or a more emotional core that refuse to invest in shares, for any number of reasons.

    I look forward to the next opportunity to pick up shares and I know that I will likely have a short holding period. Not because I question the products, not because I question the corporate citizenship, but because I seek profits and my road to profits has been through short term ownership of shares on a cyclic basis.

    No emotions, just a dispassionate approach to milking money from shares.
    May 1 01:56 PM | 4 Likes Like |Link to Comment
  • Shame On You, Apple [View article]
    No doubt that there is an economic value to Apple. That's why congratulations are due.

    I think that there is a larger picture, besides the fact that Apple simply caved to activist investors and sought to deflect criticism of the company under the leadership of Tim Cook.

    I believe that their bond issuance will make very much less likely that legislation will be passed to encourage repatriation of cash in exchange for jobs or infrastructure additions.

    Apple will still have the issue of having an incredible amount of assets overseas in a low interest environment and perhaps in a less safe banking environment, as well, and with no way to get it back to the US without meeting its obligations.
    May 1 01:04 PM | 4 Likes Like |Link to Comment
  • It's All Relative [View article]
    Thank you. It's called haphazard
    Feb 16 07:54 AM | 4 Likes Like |Link to Comment
  • We Have Met The Enemy [View article]
    Thank you.

    In my book, I discuss my past broker at length. I was fortunate to have worked with him for about 25 years, although I sometimes questioned (privately, never to him,) why we didn't take profits or why we sometimes gave up on a position.

    He passed away very suddenly and unexpectedly and that was the time that I decided to take responsibility and put into action the ideas that I had been playing with in paper for years.

    I do miss him, because he was one of the good ones, but there is a lot to be said for taking responsibility, isn't there?
    Dec 14 08:11 PM | 4 Likes Like |Link to Comment
  • Apple Shares Are A Screaming 'Bye' [View article]
    Part of the fiction is that Apple's share price is held hostage by a low P/E and that low P/E will either serve to protect it from further price drops or will someday be recognized as aberrantly low and propel shares to all time highs.

    Profits are one part of the share pricing equation. Whatever contribution a potential Apple TV may or may not have on profits may pale in comparison to the lack of contribution such a product would be expected to make toward earnings growth. That will cost you your next $100
    Dec 12 07:43 PM | 4 Likes Like |Link to Comment
  • Apple Shares Are A Screaming 'Bye' [View article]
    Please, don't say goodbye. I look to you as the means to escape this meaningless existence.
    Dec 12 06:46 PM | 4 Likes Like |Link to Comment
  • Apple Shares Are A Screaming 'Bye' [View article]
    When you refer to the "garbage SA publishes," where do you rank your comment? I have my own opinion, but would be interested in yours.
    Dec 12 04:44 PM | 4 Likes Like |Link to Comment