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  • Ebola update: Texas patient dies [View news story]
    The drop is nothing compared to it's doubling since May 2014.
    Oct 8, 2014. 02:08 PM | Likes Like |Link to Comment
  • Unemployment rate falls to 5.9% [View news story]
    Is the increase in employment related to Obama care (employers no longer need to worry about providing healthcare coverage; self employed and those on minimal wages don't have to worry about what they earned taken away from the losses that used to come with that)?

    I hear that hospitals are making more money. Again, gain from Obama care (at the cost of ballooning deficit)?
    Oct 3, 2014. 06:40 PM | 1 Like Like |Link to Comment
  • Unemployment rate falls to 5.9% [View news story]
    "They could move the age on SS one month every year over the next 20 or 30 years and that would not impact anyone that much. "

    Perhaps we can can index it to the inflation! What the heck, we have done that for everything else!!
    Oct 3, 2014. 06:33 PM | Likes Like |Link to Comment
  • Precious Metals Prices Fall: Gold At A Critical Juncture [View article]
    "At least, it'll be good for gold once investors wake up to the reality which they clearly haven't done just yet"
    Especially when the (elite, rich and the powerful) folks at the rest of the world wake up and trust their own folks and their own country. But a number of things are going good for this country (in a relative sense):
    1) The momentum from the 1950's when we were the only one left to serve the rest of the world that brought in the cream of the crop to this country
    2) The diversity of folks
    3) Well qualified folks still wanting to immigrate
    4) leadership is still comparatively good (a chief minister of a populous state was jailed yesterday in India, the place where I lived in my previous life, for corruption. There are hundreds of them left who have looted the country and parked billions in developed countries)
    5) Still we pay well to the workers to feel part of the game (in a relative sense; if the average joe here spends away that money foolishly based on liberal feminazis and social democrats instead of investing in his/her growth, it the lack of responsibility on their part). In India, majority of the workers don't have even simple power tools that will make them more efficient. Now they toil with physical labor and don't get fed enough to be fast and efficient.
    6) Technological innovation and faster adaptability (as an engineering professor-emeritus, I look at small and big things and can compare the changes that is taking place here Vs the rest of the world)
    7) General nature of the population (positive thinking, non-conniving etc.)

    What can go against us? The technological innovations have also made the knowledge readily available to everyone quickly and the prices of tools etc. have come down even for the poorer countries to join the revolution when implemented properly (like India getting portable power tools to their workers first than sending an vehicle to Mars). It is the cultural, sociological and political impediments that are in the way and they have a long half life (to disappear). Consider Mexico, a country with borders to us and could have easily copied our successful ways 20 or 30 years ago when the rest of the world did not have that advantage (closer proximity and easier access to knowledge). Or look at the Middle East. They buy all those costly military products at an exorbitant cost (they pay for them one way or another - pumping more oil to keep prices low etc.) and can't even use them properly.
    So, in some way we will have our lead (and hence a strong dollar) for a long time. Unless our politicians stir up the population and make a better situation worse (causing rich Vs poor fight; another Hitler character becoming a leader here etc.)
    That last line and my status as a very visible minority would make me buy gold still! But I also see the $250 per oz that it was 15 years ago!!
    Sep 29, 2014. 06:10 PM | 3 Likes Like |Link to Comment
  • Remember, It Was The Great Recession, Charlie Brown [View article]
    You have a valid point. The author has mentioned mainly the REIT that have benefitted in a number of ways from the ponzi scheme -- interest rates arbitrarily made low so that they can refinance and show profit; lots of money thrown at government agencies, states and municipalities that they have been propping up these vacant properties. In Cincinnati where I live, one big hotel became a FBI HG or operation center to give one example.
    In the mean time folks from the other parts of the world are becoming more richer and knowledgeable about the financial matters. When they recognize the prop up given by the printing presses, the dollar abroad will revert back (I recall Chinese for one going from hoarders of dollars to refusing to take them inside the country). When that happens and when we cannot repeat the "Add 10 plus T $ debt", the fun will start.
    Sep 25, 2014. 02:58 PM | 2 Likes Like |Link to Comment
  • Yellen sticks to game plan at Jackson Hole [View news story]
    It appears good part of the new jobs are in areas like manicure, pedicure (and of course our TSA) etc. Whenever I go outside, I notice most of the strip malls (I am in Cincinnati) are empty, manicure places (run perhaps by newly immigrated minorities trying to make a life for themselves) and Indian groceries have taken half of that space (I wonder if they were told to have the place rent free if they would keep the lights on) but there are few customers at any given time. Perhaps Obama health care has given them some incentive to start such businesses. It won't take much of time for these kind of services to crash and these folks seem to have invested a lot (in furnitures, equipment) without much research.
    Aug 24, 2014. 06:05 PM | Likes Like |Link to Comment
  • Don't Talk About Wages And Incomes [View article]
    Yes, perhaps the growth in population might come to an end. But the greed factor (consumption per capita) would increase (for example, right now it looks like the Americans consume 25% of the world oil production whereas their population is something like 10% of the total. And the elite, rich and powerful in all other countries want to emulate that life). That can put a tremendous pressure on natural resources and hence the prices. Add to this the fact that the old Americans may not be able to pass on their social security bills to the younger generation (including the gullible Indians like me some 40 years ago! and others anymore; why to migrate if the living standard at least for the elite is comparable?)!
    Aug 20, 2014. 10:34 PM | Likes Like |Link to Comment
  • Futures point to higher open [View news story]
    It looks like the correction is over. Long live the King (or Queen to be correct) janet Yellen!
    Aug 19, 2014. 08:53 AM | 1 Like Like |Link to Comment
  • Gundlach pokes holes in housing recovery at Sohn [View news story]
    Let me add this to BBRO stats. From anecdotal evidence and knowledge about the general market, I can say that good part of the cash buys come from rich first immigrant generation parents of non-caucasian origin who are about to retire funding their kids living, taking their clue (wrongly in my opinion) from places like Bombay or Shanghai where the population density is high (and keeps going higher), inflation is much higher, the resistance for innovations (including moving businesses to a new city etc) is much higher and hence the real estate prices keep going higher and higher. They are playing the US real estate like stock market without understanding these crucial differences and hence will contribute to a big decline when the downturn starts.
    May 5, 2014. 04:21 PM | 2 Likes Like |Link to Comment
  • Will Housing Sales Show A Collapse In May's Reports? [View article]
    Anecdotal Evidence: Perhaps it is not just flippers. The first generation of non-caucasian immigrants (I am making this distinction to point out big difference in cultural / family values or the dynamics) are retiring with good money, their children are growing up and need to buy their first house. I know it is true with some Indian immigrants and probably true for the Asian population as a whole.
    The flip side is that I also heard of the H1B visa crowd leaving their shiny cars (with monthly payments still due) at the airport lots and leaving for india during the 2008 meltdown. So, let us see how these purchases work out.
    Apr 30, 2014. 07:49 PM | Likes Like |Link to Comment
  • MBA Mortgage Applications [View news story]
    When we look at the figure, we can see the Greenspan easy money / tech bubble / irrational exuberance that started around 1994 and went bust by 2010. The Bernanke give aways saved us a little bit I suppose. When it's effect stops we will reach the equilibrium, much lower. This country has over built in terms of everything (numbers, sq. ft per person etc.) whereas the technological revolution is changing the whole paradigm. Think what will happen if we were to or forced to convert some of the mega malls and the airports (my town CVG airport is a prime example) into living quarters!
    Apr 2, 2014. 08:29 AM | 1 Like Like |Link to Comment
  • NYT: NSA used backdoor into Huawei equipment for spying [View news story]
    I am not defending anything. But it looks like life is a cycle in many respects. Freedom and Hard work brought us the wealth. The same wealth made us complacent both in terns of hard work and defending our freedom. For a while (and to certain extent), we maintained our wealth by passing our problems to the rest of the world (devalue your currency and sell to us for less!) but that is becoming difficult; so we need to move on to extraordinary procedures (!) to see how long we can keep our supremacy! And when we cannot use such tactics on the rest of the world, we will start using them on our population. Then we will have a civil unrest, revolution and back to the cycle.
    Mar 23, 2014. 12:23 PM | 3 Likes Like |Link to Comment
  • Bloomberg: F-35 faces yet more delays due to software issues [View news story]
    Remote controlled planes: The communication delivered for proper operation could be deciphered and used to self destruct or capture as the Russia's capture of our drones demonstrate!
    Mar 23, 2014. 12:08 PM | 2 Likes Like |Link to Comment
  • More dividend cuts could be in store at Newmont Mining, Citi analyst says [View news story]
    "dividend payouts for the remaining three quarters of 2014 would decline 83% to $0.075/share from $0.450"
    Like tax hikes, dividend payout reductions are always temporary, I suppose. I bought 1000 at the bottom a month ago and made some good gain to see part of it evaporate today. Cashed in the remaining gain!
    Feb 21, 2014. 06:32 PM | Likes Like |Link to Comment
  • U.S. payrolls up 113K, unemployment rate at 6.6% [View news story]
    Good, at this rate we will have zero unemployment rate even if the jobs added are dismal. I suppose all of us ultimately will be in the government dole!
    Feb 7, 2014. 08:41 AM | 3 Likes Like |Link to Comment