Seeking Alpha

Shareholders Unite

View as an RSS Feed
View Shareholders Unite's Comments BY TICKER:
Latest comments  |  Highest rated
  • Is The U.S. Bankrupt? [View article]
    ["Krugman is a Marxist"]

    Uhm, no, Krugman is a Keynesian. It's really not the same, you might want to google these two terms..

    ["another major problem is the author's scooting past Obama Care and its projected costs, both intended and unintended, actually claiming it is cost efficient"]

    No, I didn't make that point (although others have). What I argued is that some provisions in ACA, like penalties for readmissions, are having the effect on cost projections, which have come down rather notably, according to the CBO.

    ["He then asserts if we only had more thorough socialized medicine, we'd have lower health care costs"]

    I didn't really make that point either, but one could in fact make that case based on:
    - Many other advanced nations have it, and indeed the US healthcare system is BY FAR the most expensive in the world
    - Whilst leaving tens of millions uninsured, and producing no better, and often worse healthcare outcomes
    There are major market failure in insurance markets (most notably the adverse selection problem, but also the fact that premiums fall with the number of insured) but let me not bore you with some simple economics. If you must:
    http://seekingalpha.co...

    ["Of course, the 800 lb GO-riller in the kitchen is his reference to the interest rate on this unimaginable pile of debt going up but yet kind of skims past that little problem."]

    No, I didn't. I showed a chart which shows that for another major country (the UK) that can issue debt in its own currency and which at times had very high public debt/GDP ratios, there really isn't any correlation between interest rates and the level of outstanding debt. I also challenged readers to come up with a case where investors were fleeing the debt of such country and explain us what the consequences would be. The closest case we could find is France in the 1920s, but as it happens, the economy kept on growing rather nicely and the debt/GDP ratio declined markedly.

    ["AS LONG AS GOVT IS IN CONTROL AND PEOPLE THAT MAKE UP THE NATION ARE UNIVERSALLY AND EQUALLY DEPENDENT ON THE PUBLIC TROUGH."]

    I don't think the article tried to make that case at all. It simply argued that US public finances are not in such a scary state as to warrant immediate and/or drastic action. Nothing more, nothing less.

    Hope that helps!
    Dec 21 10:55 AM | 14 Likes Like |Link to Comment
  • NQ's U.S. Veneer: Withholding Facts, Conned Men And A Convicted Racketeer [View article]
    And your point is??
    You've already been proven wanting on so many fronts..
    http://seekingalpha.co...
    Nov 12 11:14 AM | 14 Likes Like |Link to Comment
  • Reality Check For Peter Schiff [View article]
    [" Was America's growth hampered by a sound currency?"]

    Do I say it is? What I do say, or rather, what the data says is that recessions were more frequent (actually far more frequent). What I also say (and I will expand on that in a follow up article) is that the gold standard (or a present day incarnation, the euro) is terribly deflationary, especially unhelpful at a time when the private sector is deleveraging and with high debts outstanding.
    Oct 31 12:22 PM | 14 Likes Like |Link to Comment
  • Will The U.S. Suffer Japanese Lost Decades? [View article]
    Define "extreme socialist" and identify some of these high ranking US govt officials, and how they are "extreme socialist"

    Good luck with that, by the way..
    Oct 25 10:45 AM | 14 Likes Like |Link to Comment
  • What Exactly Is So Objectionable About Obamacare? [View article]
    Thanks for the reactions people. I started to research this when it became clear that this could have a grave impact in the world economy and investment portfolios all around and I had some difficulty in understanding what all the furor was about as universal coverage in most other countries is either law of the land or a rather uncontroversial aspiration.

    Whilst researching I came to understand that Obamacare has defects, some unwanted side effects and (just like the free market) creates winners and losers, some people will be better off as a result, others will be worse off, but I could not imagine these practical effects provided reasons enough for something like a mass revolt, obstruction, govt. shutdown and a possible debt default. For that to happen it must hit some raw nerve. Since the people who are most opposed to it seem to be the ones that are in favor of free markets and small government, I tried to deal with that as well, explaining from economics that:
    - there are economies in risk pooling (that is, the larger the pool, the cheaper it becomes to insure risks)
    - there are market failures in healthcare (information asymmetries, adverse selection, etc.).

    Also, if you look at other developed economies (and even some emerging ones), universal coverage systems with a big role for the government seem to be working ok and are generally MUCH cheaper than US healthcare. Whilst no system is perfect, it seemed to me the US can actually learn a few things from looking abroad (just as other countries can learn from the US by studying its innovation system, world class universities, etc.).
    Oct 11 09:24 AM | 14 Likes Like |Link to Comment
  • Austerity + Gold Standard = Greece [View article]
    Yes, why even look at the evidence...
    Did the gold standard work 'fine' in the 1930s?
    Does a similar currency arrangement (the euro) work fine for Spain and Ireland? These countries had public SURPLUSES on the even of the financial crisis by the way.

    Yes, perhaps, if humanity returns to frugality and savings (and morality), it could work, who knows. But this is saying something akin to socialism would work if "man was good."
    Mar 16 09:25 AM | 14 Likes Like |Link to Comment
  • Hedge Fund Shorting NQ Mobile Not Planning On Covering Until Delisting [View article]
    ["Intelligent mobile robots? To us this sounds even crazier than just selling their own rebranded personal transport devices"]

    It is simply because anything intelligent sounds crazy to Goldbaum "Research," whose favorite word is "seems"
    Dec 5 10:33 AM | 13 Likes Like |Link to Comment
  • Is NQ Mobile Incredibly Crowded? [View article]
    And we're not even mentioning the fact that up to 1/3 of the comments are.. from Santos himself, endlessly repeating the same stuff

    And then the reactions to these..

    This is simply ridiculous.
    Nov 23 10:11 AM | 13 Likes Like |Link to Comment
  • Reality Check For Peter Schiff [View article]
    ["I notice the author's put Schiff's name in the title of the article and not their own. a rather dishonest way to increase the number of page views, don't you think?"]

    The article is about Peter Schiff, why not put that in the title?

    I'm also not convinced somebody called GardenWeasel is the one who should point this out, but maybe that's just me.
    Oct 31 12:38 PM | 13 Likes Like |Link to Comment
  • Will The U.S. Suffer Japanese Lost Decades? [View article]
    ["Their idea to fix "income inequality" is to use the taxation system to insure that everyone ( except for themselves ) has exactly the same level of income, regardless whether they are employed or not -AND- of their occupation(s)."]

    The ratio of CEO to average pay was 20.1 in 1965 but grew 10fold to 273 in 2012 http://bit.ly/1acGqIa

    On top of that, the top has enjoyed massive tax cuts. Has this let to any increased job creation? No, in fact, probably the opposite.

    In economic terms, we have a situation of insufficient demand, wages are falling and the wage share of GDP is declining, whilst profits are at a record high and companies sit on record amounts of cash.

    Mildly redressing some of the explosion in inequality might actually be helpful in economic terms. I've earlier argued that the rise in inequality, with median wages stagnant and increasingly lagging rises in productivity, has been a factor in producing the financial crisis:
    http://seekingalpha.co...

    Since your take on ACA is a prediction, I'm not going into that. Oh wait, I already have:
    http://seekingalpha.co...
    Oct 25 12:33 PM | 13 Likes Like |Link to Comment
  • Big Oil Under Serious Threat [View article]
    Where do I say, or even imply, Buffett is stupid? And even the most clever and/or wise guy can be wrong. Jim Chanos is also clever and according to him, oil majors are slowly liquidating themselves.

    Where do I make share price predictions for Exxon? I've highlighted some long-term challenges for oil majors, didn't analyze their finances their opportunities, short-term prospects, etc.
    May 9 06:44 PM | 12 Likes Like |Link to Comment
  • Why We Are Keynesians [View article]
    ["Keynesian policies sees the government and government spending as the "provider" of wealth"]

    No, they do not. You might want to read the article before you argue something like that, as the article was specifically written for people who have no clue what Keynesianism actually stands for.
    Jan 24 03:17 PM | 12 Likes Like |Link to Comment
  • NQ Mobile - Special Attestation Report [View article]
    Simply keep track of the following facts:
    - The MW report contains no smoking gun whatsoever, only allegations
    - It has clearly been written in bad faith (see the Toro articles who established this beyond reasonable doubt)
    - It puts the burden of evidence squarely on NQ

    Now that, after the initial scare, the market is coming around to this and the fact that some funds having done deep DD in China are buying, they simply devise new hoops for NQ to jump through, tighten the requirements for "proof of innocence" to ridiculous heights which takes lots of time which the shorts need to get out of their positions.
    Jan 3 10:26 AM | 12 Likes Like |Link to Comment
  • The Ticking Time Bomb Under The World Economy [View article]
    ["The Anglo-Saxon bashing of the Euro is not only tiresome but sickening. Europe is achieving what the U.S. can only dream of: Free education from kindergarten to university degree, fabulous retraining for the unemployed, generous incentives to companies to hire and retrain workers, universal health care and so on."]

    I'm not Anglo-Saxon, I'm not bashing, and these advantages were there long before the euro..
    Jan 2 01:48 PM | 12 Likes Like |Link to Comment
  • The Ticking Time Bomb Under The World Economy [View article]
    Risking some redundancy here, but the article doesn't proclaim the euro's demise. I'm well aware of:
    - The public support
    - The daunting (and to a considerable degree unknown) cost of breaking up.

    What the article does argue is that the present situation can't continue for that much longer, and that there are just as many downward as 'upward' risks.
    Jan 2 01:39 PM | 12 Likes Like |Link to Comment
COMMENTS STATS
2,479 Comments
3,730 Likes