Comments on Kingsley Anderson's articles RSS Syndication from SeekingAlpha.com http://seekingalpha.com/author/kingsley-anderson/articles http://seekingalpha.com/article/124700-the-bear-market-takes-a-breather?source=feed#comment-538166 538166 Mon, 08 Jun 2009 22:36:14 -0400 http://seekingalpha.com/article/115253-bulls-hold-the-line-for-now?source=feed#comment-535961 535961 Next week may set the stage. > The bulls have beeen accumulating shares since November. Thursdays > move was right around the line of support. Did anyone see the bounce > once the DOW hit 8000? The entire market took off with a lot of volume > behind it. > Shades of October 10. > The weakness of BAC and Citigroup is a little disconcerting. One > of the criteria established for a serious crash is the failing of > a large regional bank. We're looking at some large ones.Will there > ever be enough money for the toxic mortgage problem? It is not over > yet. > > Two scenarios, IMO, are: > > 1. The market will rise on an Obama bounce starting net week, move > up to around the early November high (for the final round of profit > taking) after breaking the January high and then decline starting > in the summer to test the November low. > > 2. The market will drop over the next wave of earnings, bad news > from the financial sector, and overall pessimissim. It will happen > very quickly. Profits will be taken by the bulls and capitulation > will occur. The December high may end up being the a significant > level of resistance in the future. > Both scenarios will test the November lows at some point this year. > > > Three significant wild cards in the whole thing are: > > 1. The Middle East. The real war may have just begun. > > 2. Deflation. There have been large inventories built up in almost > every sector. Profits will be weak until they get worked through, > but the process could be deadly. > > 3. 9/11 #2 (could be anywhere in the world if it is big enough). > > > I'm inclined to think there will be a decline. > The shorts have been taking a big stake lately. > > > ]]> Sun, 07 Jun 2009 14:42:43 -0400 1. The Obama bounce did not materialize in January but the first stimulus package was passed. The market dropped. The November low was tested and failed on Feb 27 09. A new low was established on March 6 09 @ S&P 667. Since then the market has rebounded with a dramatic up trend. At this point the January high has been retested and is showing signs of resistance. Prices have become a little over optimistic, many equities are showing overbought signals on the RSI and bolllinger band analysis. The rising tide has floated all boats. A correction is due. Will the market drop to test the March lows? Consider:

1. The financial sector has made a dramatic comeback. Credit markets are starting to thaw. TARP funds have been received keeping the banks alive. Stress tests passed well, even though some of the test scenarios were a little weak. Even more important was that the Mark to Market rule was revoked. Toxic waste has been hidden once again. Insurance companies have been able to tap TARP funds as well. Short term financials are looking better.

2. GM has filed for bankruptcy and will be allowed to reorganize. Chrysler may go under. Toyota has had bad earnings. Vehicle sales have been weak across the board. No good news here.

3. Crude oil has reached $70 per barrel. GS says $85. Prices at this level will have a negative effect on the economy. The summer driving season has begun and may not be as good as hoped for. Crude inventories have been increasing as well. Natural gas has been wallowing in oversupply and weak demand. There is some downside potential in energy.

4. Unemployment reached 9.4% this week. The good (?) news is that less jobs were lost than were expected. How much employment is seasonal or underemployment has yet to be determined. The stimulus package offers $64 billion in extensions above the standard compensation. A minimal life support level for the economy.

5. The dollar took a big drop over the last few weeks. Treasury rates are increasing. Commodities are increasing in value. Inflation may be increasing. Not good for the economic recovery.

The market is peaking. A sad note is that the average investor has been getting signals to buy again. Many traders have stopped buying at this level and are looking to go short. The summer outlook is for a small correction going into the fall earnings. Then the wheat will be separated from the chaff. Fall earnings may be a little weaker than expected. Weaker equities that benefited from the rising tide will decline due to profit taking. Some of the equities that have gone up the most are ones that were considered a questionable trade just a few months ago. There better be a good report from some of these to maintain their current price. Winter earnings will be the real factor. Any weakness will send the market lower, especially if the unemployment rate hits 11%.

So:
Short term: a small rise due to new money coming back in (too late) followed by a drop to SP 850-870, DOW 8100-8200, in a good scenario. Lower if the fall and winter earnings prove to be weaker than expected.

Due to the large amount of government intervention it is hard to say when the March 09 low will be retested. At this point it looks inevitable. There is only so much money that can be printed out of nowhere.

On Jan 18 11:39 AM wundr wrote:

> Next week may set the stage.
> The bulls have beeen accumulating shares since November. Thursdays
> move was right around the line of support. Did anyone see the bounce
> once the DOW hit 8000? The entire market took off with a lot of volume
> behind it.
> Shades of October 10.
> The weakness of BAC and Citigroup is a little disconcerting. One
> of the criteria established for a serious crash is the failing of
> a large regional bank. We're looking at some large ones.Will there
> ever be enough money for the toxic mortgage problem? It is not over
> yet.
>
> Two scenarios, IMO, are:
>
> 1. The market will rise on an Obama bounce starting net week, move
> up to around the early November high (for the final round of profit
> taking) after breaking the January high and then decline starting
> in the summer to test the November low.
>
> 2. The market will drop over the next wave of earnings, bad news
> from the financial sector, and overall pessimissim. It will happen
> very quickly. Profits will be taken by the bulls and capitulation
> will occur. The December high may end up being the a significant
> level of resistance in the future.
> Both scenarios will test the November lows at some point this year.
>
>
> Three significant wild cards in the whole thing are:
>
> 1. The Middle East. The real war may have just begun.
>
> 2. Deflation. There have been large inventories built up in almost
> every sector. Profits will be weak until they get worked through,
> but the process could be deadly.
>
> 3. 9/11 #2 (could be anywhere in the world if it is big enough).
>
>
> I'm inclined to think there will be a decline.
> The shorts have been taking a big stake lately.
>
>
> ]]> http://seekingalpha.com/article/136642-is-the-market-rally-for-real?source=feed#comment-498379 498379 Sun, 10 May 2009 23:07:47 -0400 ]]> http://seekingalpha.com/article/136642-is-the-market-rally-for-real?source=feed#comment-497861 497861 Sun, 10 May 2009 13:42:05 -0400
Watch interest rates. If the prime goes back to it's average 6.00% how many business will be able to cover their debt service. I doubt many can cover 4.00%.

I don't like the percentages in the cards being dealt. It appears to me that too many are putting their money on a wish rather than fact. If they are right I will enjoy the show. If not, greed has its costs.

Institutional investors are the "odd lot" traders of the fifties and sixties. Considering that many have to be in stocks is a loser's game in itself.]]> http://seekingalpha.com/article/136642-is-the-market-rally-for-real?source=feed#comment-497578 497578 Sun, 10 May 2009 10:17:04 -0400 http://seekingalpha.com/article/136642-is-the-market-rally-for-real?source=feed#comment-497562 497562 Sun, 10 May 2009 10:03:00 -0400 http://seekingalpha.com/article/136642-is-the-market-rally-for-real?source=feed#comment-497473 497473 Sun, 10 May 2009 08:55:44 -0400
I think the rolly coaster is at the top and is gonna begin any day now, an interesting plunge to new lows. Just after the new lows, when everyone cleans off thier dinner, I have no idea, Not looking for a recovery for a while

Capt Brian]]> http://seekingalpha.com/article/124700-the-bear-market-takes-a-breather?source=feed#comment-421380 421380 Wed, 11 Mar 2009 02:46:52 -0400
You might say he was referring to Bush, my opinion is that he was referring to himself.



]]> http://seekingalpha.com/article/124700-the-bear-market-takes-a-breather?source=feed#comment-418675 418675 Sun, 08 Mar 2009 23:30:56 -0400 http://seekingalpha.com/article/124700-the-bear-market-takes-a-breather?source=feed#comment-418636 418636 Sun, 08 Mar 2009 22:45:48 -0400
In addition, while Obama fiddles, Jobs lost since the beginning of 2008 are now above 4 million. His entire stimulus plan Will Save or Create 3-4 Million, does this mean that any further job losses are permanent?

The CDS market estimates vary, last year I saw as high as $65 Trillion, this year I've seen $55 Trillion. Do I believe Short sellers are linked directly to the CDS market? Absolutely. Can I prove it? Nope.

I believe there was an auction where CDSes received .925 on the dollar, last year on a bunch of semi-waste by an investment house.

It might have been Merrill, don't remember. Anyway, using the 7.5% loss on the $55 Tril. that may still be out there, I get about $4 tril worth of losses for some insurers yet to be realized or more considering the swiftness of the decline in the Economy.

Me? I say shove all of this back where it belongs, Tier 3. If you don't know what its worth, why is the taxpayer going to hold it?

Let it stay on Tier 3 and on Institutional books instead of ours. As long as Tier 1 is above a certain level, leave the Banks alone.

IMO]]> http://seekingalpha.com/article/124700-the-bear-market-takes-a-breather?source=feed#comment-418564 418564 Sun, 08 Mar 2009 21:06:29 -0400
Think again: If the unemployed were counted as they were before the 1980's, we'd be at 18% unemployment.
John Williams at shadowstats counts in the old-fashioned, i.e., the honest way.
Why do you think Europe has had higher unemployment figures than the US for years? Because they don't use the bullsh@t US method.

]]> http://seekingalpha.com/article/124700-the-bear-market-takes-a-breather?source=feed#comment-418364 418364 Sun, 08 Mar 2009 16:46:12 -0400

Paultaut, I'm wondering the same thing. Opinions on that seem to really vary amongst analysts. I'm also hearing that credit default swaps (CDS) are helping to ruin the market.

]]> http://seekingalpha.com/article/124700-the-bear-market-takes-a-breather?source=feed#comment-418207 418207 Sun, 08 Mar 2009 14:37:52 -0400 GRAPHS SHOW A NICE PICTURE OF WHAT THE PRESENT HOLDS BUT THIS IS NO WAY TO PREDICT WHAT WILL HAPPEN NEXT WEEK OR NEXT MONTH.
I keep my eyes on EARNINGS in any Company case thats what keeps them alive.
Until any company starts showing (GOOD EARNINGS) keep your power dry.
And remember, never try to catch a falling knife.]]> http://seekingalpha.com/article/124700-the-bear-market-takes-a-breather?source=feed#comment-418206 418206 Sun, 08 Mar 2009 14:37:23 -0400
Since my Father was born in 1918, it is similar to his GD. Better in some ways, worse in others. And We are nowhere near 25% unemployed.

The Fed is talking 3rd/4th quarter positive GDP, anemic but positive. That is 6-9 months from now, A Bull Trap based on that expectation can start anytime.

I believe it should be sold into but also believe the Charts above indicate extreme unsustainable pessimism.

The time between New index lows is longer, Oct, Nov. now February. While a Selling climax to end the Bear may be required, A Bull Trap does not need that requirement.

Just on a theoretical basis, what will the markets do if the Mark to Market Rule is suspended amd the short up-tick rule is reinstated.

]]> http://seekingalpha.com/article/124700-the-bear-market-takes-a-breather?source=feed#comment-418147 418147 Sun, 08 Mar 2009 14:00:10 -0400
Is the buyer smarter than the seller in the zero sum game of trading?

Higher taxes, higher deficits, Socialism, entrenched politicians, excess profit taxes, terrorists lap dogging, PLO, Iran, Afghanistan, etc., etc.. Now that is bullish.

It is always best to buy when it looks the worst. Is this the worst it can get? The stimulus is for two years? Don't count on it.

Don't believe this is your father's recession.]]> http://seekingalpha.com/article/124700-the-bear-market-takes-a-breather?source=feed#comment-418125 418125 You call Friday a breather?]]> Sun, 08 Mar 2009 13:42:13 -0400

On Mar 08 12:21 PM formerhawk wrote:

> You call Friday a breather?]]> http://seekingalpha.com/article/124700-the-bear-market-takes-a-breather?source=feed#comment-418027 418027 Sun, 08 Mar 2009 12:21:33 -0400 http://seekingalpha.com/article/124700-the-bear-market-takes-a-breather?source=feed#comment-417904 417904 Sun, 08 Mar 2009 11:02:58 -0400
Great post!







crudeoiltrader.blogspo...]]> http://seekingalpha.com/article/124700-the-bear-market-takes-a-breather?source=feed#comment-417732 417732 Sun, 08 Mar 2009 06:49:37 -0400 http://seekingalpha.com/article/123375-market-death-spiral-continues?source=feed#comment-413725 413725 alpha: > you are correct. The stark differences between McCain and Obama were > readily apparent to the average voter but the deceitful ,conniving > media did everything possible to make Obama look like JFK and McCain > look/appear like Nixon. One of the most dangerous outcomes from this > election is the fact that soon no one will listen or pay any atention > to this mass media. When that happens we could be ripe for anything > from a revolution to a demagougue as President. The media from the > main TV networks to the NY Times "sold their souls" to the devil > in the adoration of Obama. Now they will pay the price as ratings, > ad revenues, and circulation fall off a cliff. When a liberal newspaper > recently failed in the Pacific Northwest one journalist bitterly > complained that the people had lost a "watchdog" of Govt. Unfortunately > we need to susbstitute the term "lapdog" instead. And now they will > pay the price for their "bias". The day the NY Times goes bankrupt > I will happily "dance on their grave." Bastards. > > Yank]]> Thu, 05 Mar 2009 04:59:21 -0500

On Mar 02 09:28 AM yank wrote:

> alpha:
> you are correct. The stark differences between McCain and Obama were
> readily apparent to the average voter but the deceitful ,conniving
> media did everything possible to make Obama look like JFK and McCain
> look/appear like Nixon. One of the most dangerous outcomes from this
> election is the fact that soon no one will listen or pay any atention
> to this mass media. When that happens we could be ripe for anything
> from a revolution to a demagougue as President. The media from the
> main TV networks to the NY Times "sold their souls" to the devil
> in the adoration of Obama. Now they will pay the price as ratings,
> ad revenues, and circulation fall off a cliff. When a liberal newspaper
> recently failed in the Pacific Northwest one journalist bitterly
> complained that the people had lost a "watchdog" of Govt. Unfortunately
> we need to susbstitute the term "lapdog" instead. And now they will
> pay the price for their "bias". The day the NY Times goes bankrupt
> I will happily "dance on their grave." Bastards.
>
> Yank]]> http://seekingalpha.com/article/123375-market-death-spiral-continues?source=feed#comment-413299 413299 alpha: > you are correct. The stark differences between McCain and Obama were > readily apparent to the average voter but the deceitful ,conniving > media did everything possible to make Obama look like JFK and McCain > look/appear like Nixon. One of the most dangerous outcomes from this > election is the fact that soon no one will listen or pay any atention > to this mass media. When that happens we could be ripe for anything > from a revolution to a demagougue as President. The media from the > main TV networks to the NY Times "sold their souls" to the devil > in the adoration of Obama. Now they will pay the price as ratings, > ad revenues, and circulation fall off a cliff. When a liberal newspaper > recently failed in the Pacific Northwest one journalist bitterly > complained that the people had lost a "watchdog" of Govt. Unfortunately > we need to susbstitute the term "lapdog" instead. And now they will > pay the price for their "bias". The day the NY Times goes bankrupt > I will happily "dance on their grave." Bastards. > > Yank]]> Wed, 04 Mar 2009 16:40:26 -0500 No one listening to mass media is what conservatives want. The FOX model of 'news' is designed to discredit ALL media by suggesting that it is all just opinions, left or right leaning, and that there is no fact-based reporting, and by extension no facts. This provides cover for whatever atrocities are committed by government / corporatocracy. Papers like the NY Times are one of the few big-media sources which still do actual investigative reporting. They are not perfect of course, but yes they are a valuable and still powerful watchdog. That is why they are the target of relentless and shrill attacks from the right. Don't worry, they will deliver the dirt on the left as it unfolds. The last 8 years have been such a shitticane of horrors from the right that naturally any media outlet's body of criticism from that time would seem heavy weighted on the right side of the spectrum (except FOX). Get real. Don't cry. By the way, in order to dance on a grave you must be capable of dancing.


On Mar 02 09:28 AM yank wrote:

> alpha:
> you are correct. The stark differences between McCain and Obama were
> readily apparent to the average voter but the deceitful ,conniving
> media did everything possible to make Obama look like JFK and McCain
> look/appear like Nixon. One of the most dangerous outcomes from this
> election is the fact that soon no one will listen or pay any atention
> to this mass media. When that happens we could be ripe for anything
> from a revolution to a demagougue as President. The media from the
> main TV networks to the NY Times "sold their souls" to the devil
> in the adoration of Obama. Now they will pay the price as ratings,
> ad revenues, and circulation fall off a cliff. When a liberal newspaper
> recently failed in the Pacific Northwest one journalist bitterly
> complained that the people had lost a "watchdog" of Govt. Unfortunately
> we need to susbstitute the term "lapdog" instead. And now they will
> pay the price for their "bias". The day the NY Times goes bankrupt
> I will happily "dance on their grave." Bastards.
>
> Yank]]> http://seekingalpha.com/article/123375-market-death-spiral-continues?source=feed#comment-411501 411501 alpha: > you are correct. The stark differences between McCain and Obama were > readily apparent to the average voter but the deceitful ,conniving > media did everything possible to make Obama look like JFK and McCain > look/appear like Nixon. One of the most dangerous outcomes from this > election is the fact that soon no one will listen or pay any atention > to this mass media. When that happens we could be ripe for anything > from a revolution to a demagougue as President. The media from the > main TV networks to the NY Times "sold their souls" to the devil > in the adoration of Obama. Now they will pay the price as ratings, > ad revenues, and circulation fall off a cliff. When a liberal newspaper > recently failed in the Pacific Northwest one journalist bitterly > complained that the people had lost a "watchdog" of Govt. Unfortunately > we need to susbstitute the term "lapdog" instead. And now they will > pay the price for their "bias". The day the NY Times goes bankrupt > I will happily "dance on their grave." Bastards. > > Yank]]> Tue, 03 Mar 2009 13:48:54 -0500

On Mar 02 09:28 AM yank wrote:

> alpha:
> you are correct. The stark differences between McCain and Obama were
> readily apparent to the average voter but the deceitful ,conniving
> media did everything possible to make Obama look like JFK and McCain
> look/appear like Nixon. One of the most dangerous outcomes from this
> election is the fact that soon no one will listen or pay any atention
> to this mass media. When that happens we could be ripe for anything
> from a revolution to a demagougue as President. The media from the
> main TV networks to the NY Times "sold their souls" to the devil
> in the adoration of Obama. Now they will pay the price as ratings,
> ad revenues, and circulation fall off a cliff. When a liberal newspaper
> recently failed in the Pacific Northwest one journalist bitterly
> complained that the people had lost a "watchdog" of Govt. Unfortunately
> we need to susbstitute the term "lapdog" instead. And now they will
> pay the price for their "bias". The day the NY Times goes bankrupt
> I will happily "dance on their grave." Bastards.
>
> Yank]]> http://seekingalpha.com/article/123375-market-death-spiral-continues?source=feed#comment-411493 411493 Your whole premise is faulty. Ambitious people, regardless of their > race or socio-economic strata, will always strive to better themselves > and achieve. Social programs are designed to facilitate that amongst > the lower strata (again, regardless of race), who have fewer opportunities > in their immediate environment. Civilized societies (especially those > which claim to be based on 'Christian' principals) should promote > social mobility by providing baseline minimums in education and health, > which anyone is 'free' to accept or reject. Conservatives do not > want an educated, heathly, or upwardly-mobile population, which is > why they oppose these programs. > You are a shameful sellout. This is conservative thinktank drivel. > You think they respect you? Black single mother turned christo-fascist? > They turned you out. I hope they pay you well. And if you are such > a christian, read the new testament. Half of it is Jesus talking > about helping the poor. He never rationalized, as you do, denying > the poor because they were all lazy and shiftless idlers anyway, > and coddling them would only reiniforce that. You are a self-hating > propagandist. > ]]> Tue, 03 Mar 2009 13:45:02 -0500

On Mar 02 12:40 AM sether wrote:

> Your whole premise is faulty. Ambitious people, regardless of their
> race or socio-economic strata, will always strive to better themselves
> and achieve. Social programs are designed to facilitate that amongst
> the lower strata (again, regardless of race), who have fewer opportunities
> in their immediate environment. Civilized societies (especially those
> which claim to be based on 'Christian' principals) should promote
> social mobility by providing baseline minimums in education and health,
> which anyone is 'free' to accept or reject. Conservatives do not
> want an educated, heathly, or upwardly-mobile population, which is
> why they oppose these programs.
> You are a shameful sellout. This is conservative thinktank drivel.
> You think they respect you? Black single mother turned christo-fascist?
> They turned you out. I hope they pay you well. And if you are such
> a christian, read the new testament. Half of it is Jesus talking
> about helping the poor. He never rationalized, as you do, denying
> the poor because they were all lazy and shiftless idlers anyway,
> and coddling them would only reiniforce that. You are a self-hating
> propagandist.
>
]]> http://seekingalpha.com/article/123375-market-death-spiral-continues?source=feed#comment-410357 410357 Mon, 02 Mar 2009 21:44:35 -0500
Regardless of your opinion as to whether they should have expensive houses and cars, those are debts that cannot be undone at this point (just try to sell an expensive house right now). So, when their taxes are significantly increased, there may be a significant number that find such increase to be in excess of their discretionary funds. This will add to foreclosures, defaults on various loans, and defaults on credit cards. If someone is losing a house, or going into bankruptcy, which thanks to the change in bankruptcy laws no longer provides a debt-free slate from which to start again, there is less incentive to continue to put in the very long hours in a stressful job with a lot of responsibility only to have the compensation for it go to pay down debts that still exist and high taxes to support other people who are not putting in those hours with that stress. Remember, these are people who would have been meeting their bills and continuing to have some discretionary income but for the double whammy of a higher tax rate and losing the majority of their deductions, including the mortgage deduction on which they counted.

This will add to the downward spiral, and not spread the wealth. We cannot assume that people placed in such situation will continue to make significantly taxable incomes rather than throw up their hands in defeat and join those who expect to be helped by all the remaining "rich" folk. If you think that the upper middle class income earner has a lot of tax deductions and ways to avoid taxes on that income, you obviously haven't been in those ranks and know not whereof you speak. The truly wealthy spend a lot of their income to legally avoid as many taxes as possible, yet even most of them still pay a very hefty amount by anyone's standards, and yes, they can leave this country because they have structured themselves in such a way as to make that option economically viable, despite the conditions elsewhere.

Assume that you will never take the majority of a wealthy person's income or assets. Isn't anyone doing the math? How can the upper middle class income earners who can manage to sustain themselves despite the tax increases (both Federal and State) possibly generate enough taxes to keep everyone afloat? The money needed to pay back the trillions we have spent and are continuing to spend is higher than the GNP for one year of the entire world. China will only buy so many bonds. And everyone seems to forget that bonds need to be repaid.

We have never faced a time when the economies of every country were so interconnected during a downturn, nor a time when none of the major world powers were better able to ride it out than the others. I'm glad that some of them think the Unites States is in that position, but I fear they are mistaken. We will only benefit from that perception for awhile.

We will all be facing a dramatically different life style as the global realities play out. There has been a lot of greed, both personal, corporate, and governmental, that has helped get us to this point. Likewise, there has been a lot of fraud and misuse of the system by those who want to be given what they think they are entitled to receive just because they are alive, but who do not want to sacrifice and work hard to get it. And then there are the most of us in the middle, who liked the idea of being able to work hard to get ahead, planned for our futures, and foolishly thought that life would continue as it had in the past. We may get a reprise for awhile by an economic stimulus from some new industry or something as elusive as seeming peace in the Middle East, but at the end of the day the price tags for all of the programs that have been and are being put into place throughout the globe will come due, and I fear we are kidding ourselves about the consequences.]]> http://seekingalpha.com/article/123375-market-death-spiral-continues?source=feed#comment-410212 410212 Mon, 02 Mar 2009 18:34:25 -0500
You should care is producers leave and it doesn't matter if they are rich or not.

It is funny that people who have more money than they know what to do with are mad about RETURNING to tax levels that Bush repealed. How has all that trickle down worked???

Lets see, lowering taxes on the rich has done nothing positive for the economy. Lowering capital gains taxes has done nothing positive for the economy. And what is the rich persons conclusion??? The economy is down so lower my tax rate and it'll trickle down.

Yes, so our overall conclusion is that although the financial crisis shows daily the overall greed of the rich in our country at the expense of the poor, the problem will be fixed by lowering the taxes of the rich so they can make even more money.

Yup, this all makes sense. Capitalism = Greed and undeserved yields
Socialism = Equal taxation]]> http://seekingalpha.com/article/123375-market-death-spiral-continues?source=feed#comment-409943 409943 > On Mar 01 08:24 AM boats.j wrote: > Sucks to be American these days doesn't it! Karma coming home to > roost. Sad, so sad!]]> Mon, 02 Mar 2009 15:50:10 -0500 >


On Mar 01 08:24 AM boats.j wrote:

> Sucks to be American these days doesn't it! Karma coming home to
> roost. Sad, so sad!]]> http://seekingalpha.com/article/123375-market-death-spiral-continues?source=feed#comment-409519 409519 Not initially. I think you will see a steady climb in dollar vs > yen, euro thru this year. It is an anomaly caused by greater problems > overseas and the short term, temporary result of the almighty 'stimulus' > package. > > But.... be assured, in the long term the dollar is going to deflate. > Congress is making sure it will (probably why Bill and Hillary are > so interested in foreign affairs). The dollar will continue in short > term popularity until the point that foreigners decide the pickings > are ripe elsewhere. Then we have serious problems because Americans > are failing to save anything for themselves yet alone any to fuel > deficit spending of our govt. > > Watch china (who by the way is funding their stimulus with our cash > and no debt). China is also having a field day wandering around > asia and africa continuing to buy commodities to fuel their economy > (at discounted rates and in cold hard cash...no deficit spending > there). > ]]> Mon, 02 Mar 2009 12:11:34 -0500

On Mar 02 11:17 AM wisurvey wrote:

> Not initially. I think you will see a steady climb in dollar vs
> yen, euro thru this year. It is an anomaly caused by greater problems
> overseas and the short term, temporary result of the almighty 'stimulus'
> package.
>
> But.... be assured, in the long term the dollar is going to deflate.
> Congress is making sure it will (probably why Bill and Hillary are
> so interested in foreign affairs). The dollar will continue in short
> term popularity until the point that foreigners decide the pickings
> are ripe elsewhere. Then we have serious problems because Americans
> are failing to save anything for themselves yet alone any to fuel
> deficit spending of our govt.
>
> Watch china (who by the way is funding their stimulus with our cash
> and no debt). China is also having a field day wandering around
> asia and africa continuing to buy commodities to fuel their economy
> (at discounted rates and in cold hard cash...no deficit spending
> there).
> ]]> http://seekingalpha.com/article/123375-market-death-spiral-continues?source=feed#comment-409420 409420 Our economy is so horrible the dollar is dropping in value, isn't > it? Well, isn't it?????]]> Mon, 02 Mar 2009 11:17:55 -0500
But.... be assured, in the long term the dollar is going to deflate. Congress is making sure it will (probably why Bill and Hillary are so interested in foreign affairs). The dollar will continue in short term popularity until the point that foreigners decide the pickings are ripe elsewhere. Then we have serious problems because Americans are failing to save anything for themselves yet alone any to fuel deficit spending of our govt.

Watch china (who by the way is funding their stimulus with our cash and no debt). China is also having a field day wandering around asia and africa continuing to buy commodities to fuel their economy (at discounted rates and in cold hard cash...no deficit spending there).



On Mar 01 11:14 PM Trader.V wrote:

> Our economy is so horrible the dollar is dropping in value, isn't
> it? Well, isn't it?????]]> http://seekingalpha.com/article/123375-market-death-spiral-continues?source=feed#comment-409365 409365 Ridiculous. You are suggesting leaving someone who earns 5 mil with > 250k net after taxes? Wtf. How about a flat tax no exemptions. On > all levels of income. 15%]]> Mon, 02 Mar 2009 10:57:37 -0500

On Mar 02 10:35 AM nukldrager wrote:

> Ridiculous. You are suggesting leaving someone who earns 5 mil with
> 250k net after taxes? Wtf. How about a flat tax no exemptions. On
> all levels of income. 15%]]> http://seekingalpha.com/article/123375-market-death-spiral-continues?source=feed#comment-409319 409319 Except that a consumption tax would result in a much higher rate > for poor people than rich people. Poor people have no discretionary > income. They'd be taxed on everything they need to live. Rich people > have massive discretionary income and therefore would be paying a > very low effective rate. > > A better way is to have a one page IRS law. As follows: Less than > 70k a year 0%, 70k to 140k 15%, 140k to 250k 25%, 250k to 350k 35%, > 350k to 500k 45%, 500k to 1 million 55%, 1million to 5 million 75% > and 5 million up 95%.]]> Mon, 02 Mar 2009 10:35:50 -0500

On Mar 01 01:16 PM boats.j wrote:

> Except that a consumption tax would result in a much higher rate
> for poor people than rich people. Poor people have no discretionary
> income. They'd be taxed on everything they need to live. Rich people
> have massive discretionary income and therefore would be paying a
> very low effective rate.
>
> A better way is to have a one page IRS law. As follows: Less than
> 70k a year 0%, 70k to 140k 15%, 140k to 250k 25%, 250k to 350k 35%,
> 350k to 500k 45%, 500k to 1 million 55%, 1million to 5 million 75%
> and 5 million up 95%.]]>