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Mark Bern, CFA  

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  • Quickchat #279, March 19, 2015 [View instapost]
    I didn't see the piece but suspect that O'Leary was arguing that we need to fund more of the curriculums (for jobs) that the economy needs with taxpayer money and not use taxpayer money for those that probably won't lead to jobs that enable the student to repay the loans.

    The problem with that is that so many would never be able to follow their dreams. OTOH, it does make sense from a purely economic sense.
    Apr 15, 2015. 11:34 AM | 2 Likes Like |Link to Comment
  • Swine Flu, MERS, Ebola And Medical News Concentrator January 1, 2015 To ?? [View instapost]
    Good news on the improvements, LT. Stay strong and positive!
    Apr 14, 2015. 12:25 PM | 4 Likes Like |Link to Comment
  • More Bull? [View article]
    Maybe someone will get an official name change and get a little air time before someone explains the mistake. And then we would never hear of it again; as if it never happened.
    Apr 13, 2015. 08:35 PM | Likes Like |Link to Comment
  • Quickchat #279, March 19, 2015 [View instapost]
    DG - "...at some price of course there is always more"

    I think that applies to most resources. We had peak oil and then we found more because the price got high enough to make recovery economically feasible. Same will happen with silver, gold, copper, etc. But who will be able to afford the higher prices and for what use? Demand will be constrained for some commodities if the price rises too much. We will find substitutes for those commodities that become too pricey. All will work itself out unless the gov'ts of the world decide to help.
    Apr 13, 2015. 05:30 PM | 4 Likes Like |Link to Comment
  • More Bull? [View article]
    WSD - I could not find any reference to Nostradamus predicting WW3 in 2015. I did, however, find that he predicted a collapse of the world economy in 2015.
    Apr 13, 2015. 05:25 PM | 1 Like Like |Link to Comment
  • Quickchat #279, March 19, 2015 [View instapost]
    Worldwide asset bubble due to the QE by ECB and other central banks? Not saying anything is ready to pop yet; these things can continue to grow for much longer than seems possible. But, it could just be the beginning of the last hurrah! Maybe. Or maybe CBs really have figured out how to control the economies of the world and how to avoid recessions forever. Or maybe not. Time will tell.
    Apr 13, 2015. 12:57 PM | 5 Likes Like |Link to Comment
  • Quickchat #279, March 19, 2015 [View instapost]
    Guns - If the world experiences increased volcanic and earthquake activity this year, is it safe to say that it will be blamed on W?
    Apr 13, 2015. 12:52 PM | 1 Like Like |Link to Comment
  • Quickchat #279, March 19, 2015 [View instapost]
    Very good point, Maya!
    Apr 10, 2015. 01:15 PM | 3 Likes Like |Link to Comment
  • Quickchat #279, March 19, 2015 [View instapost]
    I would be surprised if REED continues to be on its own for very long. This smells like another potential buy for KO or PEP. KO especially needs some growth!
    Apr 9, 2015. 11:00 PM | 3 Likes Like |Link to Comment
  • Quickchat #279, March 19, 2015 [View instapost]
    I rarely drink soda now, but used to drink several per day while my cohorts drank coffee. I wasn't alone. There were a lot of others who sought caffeine via soft drinks to keep them going at the desks in many offices. Don't know but expect it hasn't changed that much over the years.

    And then there are those who (I actually knew someone like this) sit down with a six-pack of their favorite soda each night...extreme! But I suspect that the average has to be close to one a day per person in the US if you include restaurants and fast food places.

    If they can get it into some mainstream eateries it could really take off!
    Apr 9, 2015. 10:56 PM | 3 Likes Like |Link to Comment
  • Quickchat #279, March 19, 2015 [View instapost]
    Interesting article about a huge oil field found in the UK. 100 b/bbls of oil. Question is how much of it can be extracted with current tech. Then, the next question is: how much will be extracted in the future due to improvements in tech?

    http://yhoo.it/1CzVdow
    Apr 9, 2015. 03:28 PM | 3 Likes Like |Link to Comment
  • Swine Flu, MERS, Ebola And Medical News Concentrator January 1, 2015 To ?? [View instapost]
    LT - Patience pays off! Congrats!
    Apr 8, 2015. 01:32 PM | 5 Likes Like |Link to Comment
  • Quickchat #279, March 19, 2015 [View instapost]
    Regarding whether the US might do something like this: I think we already have! But we don't need to issue a 2nd currency; instead the Fed just issues $3 trillion more in currency (called QE). The Fed then buys MBS and gov't bonds with the freshly minted currency. The Fed only keeps enough of its proceeds to fund its operations; the rest is given back to the US Treasury at the end of each year. The Treasury issues bonds at low interest rates (it really doesn't matter what the rate is as you will see shortly), and the Fed buys most of the newly issued bonds from the Treasury. The Fed doesn't need any of the proceeds from either the MBS or bonds since it already was able to fund its operation (and remit a surplus to the Treasury) before it expanded its balance sheet. Thus, the Fed reimburses all of the additional proceeds (interest, not principal) to the Treasury. Since the Treasury receives all of its interest back from the Fed plus additional proceeds from the MBS received by the Fed, the US is effectively borrowing for less than zero from the Fed.

    Isn't life wonderful!
    Apr 8, 2015. 01:30 PM | 3 Likes Like |Link to Comment
  • Quickchat #279, March 19, 2015 [View instapost]
    LT - I understand that part. But it seems like, instead of bonds with a return of principal plus interest, with zero interest these notes become more like a currency. They are transferable (legal tender), payable by and back by government's ability to raise funds through taxation, and have no maturity date. That sounds like our promissory notes (dollars) or currency, to me. They can call them bonds, but a rose by any other name would still smell like a rose. This smells like currency!
    Apr 8, 2015. 12:27 PM | 4 Likes Like |Link to Comment
  • Quickchat #279, March 19, 2015 [View instapost]
    Only slightly surprised to see this starting now. I really thought it would take a few more weeks before consolidation began. This seems like a sign that oil companies believe the bottom is either in or very near for oil prices.
    Apr 8, 2015. 12:15 PM | 2 Likes Like |Link to Comment
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