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Market Currents

Saturday, August 22, 2009
9:15 AM TweetThis
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This news story has 9 comments:

  •  
    Karen Weaver and everyone else who passed economics in high school without cheating.
    2009 Aug 22 09:18 AM Reply
  •  
    If she is right she gets famous..if not.........
    2009 Aug 22 10:37 AM Reply
  •  
    The only question right now is how long we will let Obama and the FED pump and dump. We have already given away the next generation, how many more generations are we going to sacrifice.
    2009 Aug 22 11:26 AM Reply
  •  
    So long as interest rates are kept low the party will continue. But when inflation starts and interest rates go up, the ALT-As will blow up and then we are in trouble.
    2009 Aug 22 12:31 PM Reply
  •  
    Here is what I don’t understand: The government can print as much money as they like to reflate and then inflate the economy. That does 3 interesting things: It pulls up property values above mortgage levels to slow bankruptcies. It results in increased tax revenue thru bracket creep. And lastly, it is a giant invisible wealth transfer from those that have savings and to those that have negative wealth (loans), as low % rate savings is inflated away and older fixed loan rates allow the true value of a loan to inflate away. Barack stated that this is exactly what he indends to do. (Remember Joe the Plumber).
    And of course, there is no way to stop these people. They are not going to pull back the money supply when needed, especially when inflation is their intent.
    2009 Aug 22 01:04 PM Reply
  •  
    Max said: "And of course, there is no way to stop these people. They are not going to pull back the money supply when needed, especially when inflation is their intent. "
    ----------------------...
    Peter Schiff, the guy who called this whole mess 2+ years ago says essentially the same thing in "Crash Proof"
    2009 Aug 22 02:47 PM Reply
  •  
    October 15, the 1% will file their tax returns having received their K1's - it being the last 2008 IRS deadline. Should be interesting when the IRS comes up short, billions. Triple that for 2009. Hey-- I know--, duh, here's an idea...NATIONAL SALES TAX - NO IRS. Every single item in the US from Gum to Yachts is taxed 1%. It captures the hand-out crowd, the pretend ministries, the churches, the criminality of the 501c3's , the illegals, the Senate, the head of the IRS, and it isn't skewed by affirmative action or loopholes. The rich pay without deductions, giving to charity is now from the heart not from the IRS, and the poor (I mean the on-the-dole's) finally feel what its like to give their money to the govt. It is put in the hands of the vendors who send it to the state tax authority, who sends it to Washington. Let the States be responsible. States keep a percent based on population which eliminates state taxes and earmarks and congressional favors, and it takes we the people out of being Tsar'd and feathered. It can be done for next year, but of course it would be too transparent for this uneducated group of morons running our country right now. Want to hear my ideas on TERM LIMITS for 2010! --
    2009 Aug 22 03:42 PM Reply
  •  
    VAT Value Added Tax............


    On Aug 22 03:42 PM JLH wrote:

    > October 15, the 1% will file their tax returns having received their
    > K1's - it being the last 2008 IRS deadline. Should be interesting
    > when the IRS comes up short, billions. Triple that for 2009. Hey--
    > I know--, duh, here's an idea...NATIONAL SALES TAX - NO IRS. Every
    > single item in the US from Gum to Yachts is taxed 1%. It captures
    > the hand-out crowd, the pretend ministries, the churches, the criminality
    > of the 501c3's , the illegals, the Senate, the head of the IRS,
    > and it isn't skewed by affirmative action or loopholes. The rich
    > pay without deductions, giving to charity is now from the heart not
    > from the IRS, and the poor (I mean the on-the-dole's) finally feel
    > what its like to give their money to the govt. It is put in the
    > hands of the vendors who send it to the state tax authority, who
    > sends it to Washington. Let the States be responsible. States keep
    > a percent based on population which eliminates state taxes and earmarks
    > and congressional favors, and it takes we the people out of being
    > Tsar'd and feathered. It can be done for next year, but of course
    > it would be too transparent for this uneducated group of morons running
    > our country right now. Want to hear my ideas on TERM LIMITS for
    > 2010! --
    2009 Aug 22 06:15 PM Reply
  •  
    There's one analyst with a major firm who has some common sense. I'll be Deutsche Bank cuts her bonus in retaliation. Maybe DB has some cash on the sidelines they want to deploy into distressed MBSs.
    2009 Aug 23 03:02 AM Reply
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