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  • Is Inequality Causing Soft Economic Growth? [View article]
    Kudos, Mr. Kramer.
    Aug 18 11:01 PM | 1 Like Like |Link to Comment
  • Signs Of An Approaching Bear Market [View article]
    Almond prices are going up!? Some 79% of my monthly budget goes to almonds. This is a disaster. Someone raise interest rates to 300% already to stop this.

    Seriously, dude, you are a CFA. You should know better.
    Aug 18 10:57 PM | 1 Like Like |Link to Comment
  • The Implosion Is Near: Signs Of The Bubble's Last Days [View article]
    finwiki2, Behave or we will give Texas away to Mexico to solve the illegal immigration problem.
    Aug 18 10:14 PM | Likes Like |Link to Comment
  • The Implosion Is Near: Signs Of The Bubble's Last Days [View article]
    "Apparently the states of Oregon, California, and NY would have a different opinion, as well as the French and the English are finding out."

    In Oregon, California, and France, tax receipts increased despite wealth flight. In contrast, Kansas cut tax rates, and tax receipts plunged.

    Imagine that!
    Aug 18 10:12 PM | Likes Like |Link to Comment
  • The Implosion Is Near: Signs Of The Bubble's Last Days [View article]
    "It is an eminently fixable problem just raise the income level on the tax."

    Spot on. Remove the cap on SS wages and problem solved. And make SS a true income tax and not a wage tax. Tax capital gains, too.

    My point is not about SS per se, though. I am sure SS will be fixed through a combo of higher taxes and means testing (which means when my time comes in a few decades I won't get anything, which is fine, I don't need it anyway). My point is that people who benefit from the social safety net like SS and Medicare need to learn some humility and not whine incessantly about how others are getting some social safety net benefits too. Is that really too much to ask for from senior citizens who have had the benefit of a lifetime? It is not like I am asking a 25 year old hedge fund trader to realize that he does nothing productive and is rich not because he is smart, he is rich because his investors are not very smart - otherwise they would have put money in index funds.
    Aug 18 10:03 PM | Likes Like |Link to Comment
  • Japan's Keynesian Demise: A Cautionary Tale For Our Times [View article]
    Neil, I showed you how monetization of debt happens. I will not argue with you any more on this. Fact remains, USA can monetize all the debt it wants, and there is no rule preventing it. If the Fed never sells off the bonds it purchased during QE, that will be monetizing the debt, for example. That's call money printing. You don't want to accept that, fine. I understand why, as you believe that the US govt shouldn't monetize the debt. But that's not the point. The point is, it can. The flimsy excuse that you provided, that some random dude believes that for proper monetization the Fed has to buy the bonds directly from the Treasury, is just that - a flimsy excuse. The Treasury can sell the bonds to the public and the Fed can buy the bonds form the public, and the net effect is that the Treasury is selling bonds to the Fed via a bank. It is still monetization. You talked big about how I am wrong, and Warren Buffett is wrong as well on this topic. Yeah, right.

    Feel free to have the last word.
    Aug 18 09:51 PM | Likes Like |Link to Comment
  • Is Inequality Causing Soft Economic Growth? [View article]
    See, progressive taxation was once mainstream. Now it is all about tax cuts for the rich.
    Aug 18 09:37 PM | Likes Like |Link to Comment
  • Is Inequality Causing Soft Economic Growth? [View article]
    Kertch, Have you ever studied any economics? This is a serious question, as after reading your post I am starting to wonder if all this discussion is completely going above your head. Of course it matters where the manufacturer is. That's the essence of trade, so that the most efficient producer across the globe gets the business. That leads to job losses in the country with less efficient production. This is basic.
    Aug 18 08:59 PM | Likes Like |Link to Comment
  • Is Inequality Causing Soft Economic Growth? [View article]
    SVG, I have no idea what you are talking about. Supply and demand are microeconomic issues, so of course I am talking microeconomics. What's your point?
    Aug 18 08:54 PM | Likes Like |Link to Comment
  • Is Inequality Causing Soft Economic Growth? [View article]
    "What if those making the demands have nothing to trade?"

    Then they borrow. Then they get tapped out. Then they can no longer demand anything and the economy collapses. We need to keep purchasing power of the poor and the middle class intact so that they can have good demand.

    "What if people demand ray guns or flying cars?"

    Then R&D engineers would diligently work to create it. It will take time, of course.

    "Demand does not create supply. Demand stimulates supply. Investment in new supply creates supply, whether there is demand for it or not."

    Have you ever tried getting approval for a new project which required investment in something for which there was no demand and no perceived future demand either? Try it, and then let me know how well that went with the CFO and the CEO. Investments get made when there is demand.
    Aug 18 08:52 PM | 1 Like Like |Link to Comment
  • Is Inequality Causing Soft Economic Growth? [View article]
    DVG, If real wages are flat, what do you think is the relationship between inflation and nominal wages? I am not sure if you are getting this, so let's clear this one out first.

    Do you understand that if nominal wages failed to keep up with inflation then real wages would have been down?
    Aug 18 08:49 PM | Likes Like |Link to Comment
  • Is Inequality Causing Soft Economic Growth? [View article]
    EA, The best way to maximize wealth across the nation is capitalism. The best way to maximize wealth across the globe is free trade among capitalist nations. Both, however, lead to concentration of wealth in the hands of a few. That's why redistribution is needed. If you want to create a system that has equitable distribution of wealth built in then you have to go for communism. But that doesn't maximize overall wealth.
    Aug 18 08:45 PM | 2 Likes Like |Link to Comment
  • Don't Buy This Dip: The Fed Is Not Your Friend [View article]
    "Too bad our current occupant of the White House wants to see it start up again. "

    I agree. Putin has no interest at all and Obama is kicking and dragging him into a new cold war. Putin's the good guy here. Obama is evil.

    "We need hiring incentives for employers."

    The best hiring incentive for employers is stornger demand for products, which comes from higher prosperity for the poor and the middle class, which comes from higher wages, which comes from a strong labor position at the negotiations table, which requires unions.
    Aug 18 04:30 PM | 2 Likes Like |Link to Comment
  • Signs Of An Approaching Bear Market [View article]
    "Macro

    You really want to be linked to all the Obama lies too?

    Your method of argument is childish."

    What do you think was worse, Matthew? That Bush lied or that he got caught?
    Aug 18 03:41 PM | Likes Like |Link to Comment
  • The Implosion Is Near: Signs Of The Bubble's Last Days [View article]
    I am not attacking you. I am hoping that you will lead us by taking the tough medicine first by giving up SS and Medicare.
    Aug 18 03:39 PM | Likes Like |Link to Comment
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