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  • 3 Critical Questions For 2014 [View article]
    Come back to earth from whatever planet you are on.
    1 Any jobs created by ACA will be part time and low paid and those hired are already on welfare so they won’t consume more and as Jensen states above more jobs and consumption will be lost than are gained.
    2 the additional health care provided will be in the form of home monitoring devices which will make money for equipment manufactures.
    3 Walk into a hospital and sit a while and tell me how many of the bloated staff can be automated out of existence – my guess is 30% minimum without any significant effort. The health care industry has to know that this is the high water mark for them and they will squeeze out every penny while they can.
    4 No company has to do anything for a healthier workforce with the real unemployment rate at an easy 20% you just replace them with better people.
    5. As interest rates go up the cost of energy will climb right along with rates so that will also hit consumption. Its going to be grim for the average person.
    Dec 4 11:28 AM | 1 Like Like |Link to Comment
  • Mid-Con Energy Partners Yields 9.15% And Is Ripe For The Picking [View article]
    great article i am going to buy more. Waterflood is going to end up being used in a lot of the older fields. that 21.00 cost of production looks lots better than new fracked wells.
    Dec 3 04:18 PM | Likes Like |Link to Comment
  • The Missing Ingredient Of The Economic Recovery (Hint: It's Not Jobs) [View article]
    Russ, good article. Not sure i agree that manufacturing jobs will come back. Most small manufactures i know increasingly get more parts overseas, particularly small lot parts and complex parts. They are becoming more of an assembly operation than a manufacturing operation.
    Nov 21 02:47 PM | Likes Like |Link to Comment
  • Stagflation And Financial Repression [View article]
    I was just out of college when Watergate became news . I grew up living in federal government installations. I was completely floored at the indignation about Nixon lying. I really thought that everyone knew that politicos lied whenever it was convenient for them and always worked against the best interests of the people. I am still astounded that people believe that the government is here to help them not fleece them.
    Nov 21 02:18 PM | 1 Like Like |Link to Comment
  • Job Market Remains Awful; Stimulus Measures Have Helped Little [View article]
    What gets me about articles like this is that everyone, even well educated economists who should know better, think that there was this Long term time when all Americans worked this comfortable 40 hour week that allowed one person to support a large family in style. They also think there was not a large group of families supported multiple part time workers. It’s a fantasy that was never true.
    Nov 9 11:44 PM | Likes Like |Link to Comment
  • Calumet Specialty Products: Here's Why I'm Staying Long After A Fairly Big Q3 Miss [View article]
    Phillip .
    They have cut it before and it was a prudent cut. I own 2 1/2 times as much PAA as CLMT so i think the risk is less. I like CLMT business model , their specialty refining and chemicals business gives them high dollar export capacity. I think chemical companies are going to do well so I am looking for opportunity there.
    Nov 9 02:30 AM | 3 Likes Like |Link to Comment
  • Real Damage Is Being Done To The US Economy [View article]
    In general musicians seem to be better at analyzing patterns, trends and the like than people in other professions. the bigger problem is this
    Nov 8 01:18 PM | 2 Likes Like |Link to Comment
  • Calumet Specialty Products: Here's Why I'm Staying Long After A Fairly Big Q3 Miss [View article]
    i bought more, , they will maintain the dividend , i will keep buying on dips.
    Nov 8 12:38 PM | 1 Like Like |Link to Comment
  • Relaxation Of EPA Mandates Could Power These High Yielding Refiners [View article]
    Bret ,
    bought more today, they have enough good news coming to offset the bad quarter.
    Nov 7 03:03 PM | 1 Like Like |Link to Comment
  • An Iconoclastic Retiree's Income Portfolio [View article]
    My kids also around 40. I looked at them and only one of them-- my youngest son-- knows how to handle and keep money. he has managed to accumulate 160k which is pretty good for someone who is 36. If the other 3 had to come up with 10k each or die they would all three be dead. They are all successful and do well but don't have a clue on how to keep money. I am at the point that i am much more concerned about my grandchildren than my children so I am just going to leave it all to my youngest son with the understanding that he has to help ALL my grandchildren. I would leave it in a trust with an asset manager but have never been able to find one who is good enough.
    Nov 3 09:11 PM | Likes Like |Link to Comment
  • An Iconoclastic Retiree's Income Portfolio [View article]
    Left banker, very good article.
    I am in the same position you are 71 ½ and make enough on SS and other investments that all my investment accounts- about 2.5MM are for children and grandchildren. Unlike you my wife died when I was 50 and I retired at 51 – still worked at real estate investments for years in Texas and got out at the right time.
    I own about half the CEF’s that you have and am buying more -- got buys in on KED and NIE , I follow Douglas Albo on SA for cefs find him really good.
    I don’t have many dividend stocks anymore as an investment criteria I have is not to invest in any company that has a large number of employees – look at what’s happened to GM , GE , Ford over the years.
    I am very heavy into MLPs and have been for 15 years or so, they have even better tax benefits than CEFs. All the nonsense about the K-1s and UBTI is ridiculous it’s just a learning curve.
    I have been heavy in REITs but got out of all my equity REITs about 5 years or so ago and all mortgage REITs about 2 years ago. I would like to get back into some REITs but like you just can’t find a good enough opportunity.
    I have tried ETFs but decided to stick with CEFs instead I have done better there.
    I won’t buy any mutual fund, to hard and expensive to get in and out of them.
    I disagree 100% with your advice to young people on loading up on 401s and IRAs. The only reason to get in a 401 is to put in the amount the company matches. When you put money into this type of an account you are giving control of your money to the government and the financial industry – this is like giving two separate sets of thieves the combination to the bank vault. Much better to pay the taxes and put the money into MLPs or the like and after a few years you get the same tax advantage as you would from the IRA. When your children inherit years from now they are faced with taxation at a high level for the distribution or must convert it and lose control for 20 years or so.
    Every government in the world that gets into financial trouble always converts retirement funds, iras , 401s etc into government funds , restricts withdrawals and debases the currency so they are worth nothing. Do you think we are headed that way?
    Nov 2 12:13 PM | 2 Likes Like |Link to Comment
  • Barron's Believes These 2 Small Caps Could Rise 50% [View article]
    Brett, got on KLIC in July up 16% thank you. You pick better than Barron's overall. When are you going to come out with a newsletter?
    Oct 14 11:45 AM | 1 Like Like |Link to Comment
  • September Auto Sales Confirm My View On The Economy: Short The Stock Market [View article]
    Good article, I never thought of gambling revenue as an indicator but it makes sense. Another good indicator i follow is the increase or decrease of abandoned pets
    Oct 3 10:05 AM | Likes Like |Link to Comment
  • 3 Reasons The Labor Market Will Continue To Frustrate The Fed [View article]
    One of the reasons debt service payments are down is that many people sold assets or lost them due to default during the downturn. These people have no credit or no assets to live off of if the economy goes down again. Upping the interest rate on household savings wont help them at all as they have no assets it will just lead to more inflation which will destroy them .
    Sep 27 10:23 AM | 1 Like Like |Link to Comment
  • Housing Market Data Further Confirms My Thesis: Lights Out On The 'Recovery' [View article]
    I am In Boise ID - seeing a lot more for sale signs and for rent signs . This has been a hot market the last few years but with a median home price of 212,000.00 and a median family income of 48,000.00 it kind of indicates to me that all the dumb money is already in and prices have to drop.
    Sep 27 09:52 AM | 1 Like Like |Link to Comment