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Steven Hansen  

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  • Why Raise The Minimum Wage? [View article]
    also the author clearly labeled the graphic as indexed on the year 2000 (not 1955)
    Dec 12, 2013. 08:08 AM | Likes Like |Link to Comment
  • What Happened To Consumer Income In October? [View instapost]
    all true - but i use a 3 month rolling average on income, and it went flat.
    Dec 8, 2013. 11:24 AM | Likes Like |Link to Comment
  • Economy Is Now Growing To Trend [View instapost]
    totally agree ..
    Dec 1, 2013. 09:59 AM | Likes Like |Link to Comment
  • Another Reason To Suspect The Economy Is Improving [View article]
    agreed about aggregate income growth - that is why i provided median income data.
    Nov 18, 2013. 08:16 AM | 1 Like Like |Link to Comment
  • Government Shutdown Over, But What Did It Achieve? [View article]
    look at employment levels which are the end result of fiscal and regulatory policy.[1][id]=USPRIV
    Oct 20, 2013. 08:58 AM | Likes Like |Link to Comment
  • Obamacare And The Government Shutdown [View article]
    Logical - good to hear from you,

    1) most of the doctors in the tourism hospitals have trained in the USA, and have the ability to practice in the USA.

    2) the tourism hospitals are state of the art - with the identical equipment. the same disposable products or permanent products are used on the patients. they are able to purchase all at significant savings over usa prices (different tort laws).

    i believe the current laws (especially the direct and indirect costs of tort) which are causing a good portion of the cost difference.
    Oct 13, 2013. 09:10 AM | 6 Likes Like |Link to Comment
  • Obamacare Reducing Insurance Premiums [View article]
    Many people believe Obamacare was a major step in the reduction of health care costs. I see no evidence that there is any dynamic in play that will effect the current rate of growth of health care costs.
    Sep 15, 2013. 06:01 PM | Likes Like |Link to Comment
  • Obamacare Reducing Insurance Premiums [View article]
    Hungry, I suggest your read the entire post instead of only the first paragraph. No point you are making is disputed by this post.
    Sep 15, 2013. 09:10 AM | 2 Likes Like |Link to Comment
  • The Sad State Of Consumer Income [View article]
    investor talkroom - you are correct.
    Sep 1, 2013. 08:45 AM | Likes Like |Link to Comment
  • Blaming Obamacare For Decline In Average Work Week Hours [View article]
    the road to hell is paved with good intentions.

    for the record, i have lived most of my life in socialized medicine countries - and i believe this is the way to go. this dogmatic belief does not swing me into favoring Obamacare. This legislation to me has too many downside risks - and was not thought out well enough.

    if you look at how the various countries in the world embedded socialized medicine - you will quickly realize that several required legs were not included. further, where i have seen socialized medicine mechanisms first hand - they were always dual tracked with a private system operating side-by-side.
    Aug 27, 2013. 08:31 AM | 1 Like Like |Link to Comment
  • July Retail Sales Were Good But ... [View article]
    i agree - but i cannot prove it because real time median data does not exist.
    Aug 19, 2013. 08:51 AM | Likes Like |Link to Comment
  • Walmart Lowers Sales Forecast, Confirms Economy Is Slowing [View instapost]

    Not only do I shop at Walmart, one poorly stocked one is within 1000 meters of my front door. i have been seeing this stocking problem for over 3 years.

    I seldom believe what we see is caused by a single dynamic (such as poor income or stocking issues). In my Walmart, the employees are unobservant, unmotivated, and generally uninformed. But it does not seem to me to be an employee issue - as Walmart centrally controlled managements knows full well the stocking levels at every store.

    This stock issue is caused by Walmart senior management. I have read some articles on this - and they are aware and are trying to solve it. Evidently they have a systems failure.
    Aug 18, 2013. 08:52 AM | Likes Like |Link to Comment
  • Hey, Chairman Ben - The Economy Is Decelerating [View article]
    dancing - we do not use ism or any other survey, nor do we use any forward looking index. the majority of the elements of our index comes from private sector sources directly, and we avoid using monetary measures.

    i saw one data point last week which would have marginally made the forecast "less negative" - but the majority of the data points released last week were only confirmations of our deteriorating June and July forecasts. there were no forward looking data points released last week except for a minor one.
    Aug 3, 2013. 05:14 PM | 4 Likes Like |Link to Comment
  • Low Inflation Works Against Economic Growth [View article]
    yes, high inflation is also bad.
    Jul 15, 2013. 09:27 AM | Likes Like |Link to Comment
  • Low Inflation Works Against Economic Growth [View article]
    i too am looking for cause and effect - not correlations. there is no scientific proof of cause and effect in economics as one change cannot be made without holding other dynamics unchanged. that is why there are competing schools of thought who drag out diametrically opposed data to "prove" their theories.

    I am not trying to prove any theory - but providing correlations to consider.

    and if we could scientifically prove an economic theory, we still would still not know if a little change was good, and a bigger change was detrimental - or a series of dynamics when occurring were good or bad. the same dynamic sets do not reappear, and i believe we are extremely limited in what "proof" we can glean from past data. In general, the only "proof" possible is correlations by looking at past data.

    Higher interest rates have two dynamics - one for the borrower, and one for the lender. consider CD's - which put more money into the hands of the account owner which means one part of the economy would have less to spend while another part had more to spend.

    higher inflation is caused by many factors - including monetary policy. statements on effects of inflation need to consider the dynamics causing inflation. but in general current monetary thinking, very low inflation / deflation are as bad as very high inflation.

    If low prices were caused by productivity increases it likely would result in more consumption. If lower prices were caused by deflation, it likely means income may be deflating resulting in little real economic growth. If lower prices were caused by automation, there would be fewer jobs, and fewer people who have money to spend.
    Jul 14, 2013. 04:16 AM | Likes Like |Link to Comment