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Ohrama

Ohrama
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  • Airline Traffic Rises in June [View article]
    I notice the comparisons are based on last (2009) June. How good (or bad) was the situation then?
    Jul 12, 2010. 11:21 AM | Likes Like |Link to Comment
  • Employment Picture Is Getting Bleaker [View article]
    Assuming the prices (of goods from other countries) go up to the extent you mention, we will end up consuming a lot less as well since our wages are stagnant. What does it mean to our economy which is 70% consumer based and most jobs are in that sector? So, either way, it looks like it is time to pay the piper.
    Jul 12, 2010. 01:07 AM | 3 Likes Like |Link to Comment
  • 'It' is already here, Paul Krugman says in reference to Bernanke's famous 2002 sermon on the dangers of deflation. By one measure we've already dipped into the red - but no matter the yardstick, he argues the trajectory is incontrovertibly to the downside.  [View news story]
    When you want to go back, why 300 years only? Why not 3000 years, and then consider who benefited from whom. Chinese or the Indians gave the number system so that we can count our savings!
    Jul 11, 2010. 10:44 PM | 1 Like Like |Link to Comment
  • 'It' is already here, Paul Krugman says in reference to Bernanke's famous 2002 sermon on the dangers of deflation. By one measure we've already dipped into the red - but no matter the yardstick, he argues the trajectory is incontrovertibly to the downside.  [View news story]
    Could we summarize what you listed as Caucasian inflation (and if this makes anyone happy or angry, I call myself a pseudo C since I benefited from that inflated wage structure!) Vs Chinese etc. present of price deflation. Let us enjoy (as a consumer) as long it (cheap goods) lasts, start saving if deflation wins and just give up if complete hyper-inflation takes over (since it is too late to think of converting our assets to gold etc.)!
    Jul 11, 2010. 08:27 PM | Likes Like |Link to Comment
  • Consumer Spending Contracts as the Great Recession Rolls On [View article]
    So, in 3 years it has gone up like 3 percent or approximately 1% a year. I don't know if these numbers are inflation adjusted or not. Further, as the author says (and as a former NSF official I know how data can and will be fudged to push ones own research results), the data has become more and more unreliable.
    Jul 9, 2010. 06:39 AM | 3 Likes Like |Link to Comment
  • If Rogue Stocks Rebound, Anything Is Possible [View article]
    Regarding office vacancy rate (of only 17.4%), I am wondering if there is something equivalent to letting deadbeat home owners stay in their house (because banks are afraid to foreclose and add to their inventory). Today there was a positive spin on commercial property sales ("U.S. commercial real estate sales in the first half totaled about a quarter of the average of the previous six years") by Bloomberg ("as owners kept properties off the market"). What I keep reading is that the banks cannot even refinance the loans on commercial properties as values have plummeted but use creative accounting / wishful thinking (they still generate income etc.) to keep the properties alive!
    Jul 7, 2010. 07:41 AM | 2 Likes Like |Link to Comment
  • Thoughts on Extending Unemployment Benefits [View article]
    This is supposed to be insurance (paid for by the employers / employees). If they ran out of it, so be it. If we think compassion etc. need to apply, pay them through welfare (hand outs!) etc and call it as it is.
    Jul 5, 2010. 03:40 PM | 6 Likes Like |Link to Comment
  • Time to bargain shop? Barron's thinks so: Thirteen of the top 25 companies in the S&P 500 now trade at or below 10 times estimated 2011 profits.  [View news story]
    Debt service rate based on today's artificially kept low interest rates? And GDP - 70% consumer based (you polish my shoe, I do yours and charge an arm and leg to inflate the value)! And what percentage you can sell to the foreigners to whom we owe a lot of money. Yes, I know at present they want our dollars. But how long it will it continue? This article (link below) gives an idea of what can happen (energy prices going up; not much Chinese savings to lend us etc.) --- www.nytimes.com/2010/0...
    Jul 5, 2010. 09:37 AM | 1 Like Like |Link to Comment
  • Time to bargain shop? Barron's thinks so: Thirteen of the top 25 companies in the S&P 500 now trade at or below 10 times estimated 2011 profits.  [View news story]
    You may want me on the help desk. But we are on the head chair like Bandit of Citi!
    Jul 5, 2010. 09:06 AM | Likes Like |Link to Comment
  • Time to bargain shop? Barron's thinks so: Thirteen of the top 25 companies in the S&P 500 now trade at or below 10 times estimated 2011 profits.  [View news story]
    Neither do it. And as a Hindu, I guess I am in the most hated list of the fanatic Moslem terrorists (get all those Hindus and circumcise them!).
    Jul 5, 2010. 08:45 AM | 1 Like Like |Link to Comment
  • Time to bargain shop? Barron's thinks so: Thirteen of the top 25 companies in the S&P 500 now trade at or below 10 times estimated 2011 profits.  [View news story]
    Let me add my experience today to the above post. Went to Cincinnati airport today. Notice a bill board on the way which showed a parking fee of $6.00 just 3 days ago and since then it has been changed to $5.00. Then I go to the Delta terminal. It had three (A, B, C) terminals perhaps 1 or 2 years ago. C was closed first. Today I notice terminal A closed (temporary?). Again I don't remember seeing that (closing) 3 days ago. Of course, I got a good dose of radiation from the whole body scanner (because I am of Indian origin?). Sign of improving economic activity? And all these scanners, delays etc. improve our efficiency and enable us to compete in the world market? (Before 9/11 I sort of used to commute to work at Washington D.C. Leave Cinti by 6:00 AM and be at work by 9:00 AM - All those days are gone with our fear for life. Sure we are safe - or are we? - but not much money left to enjoy that life!).
    Jul 4, 2010. 09:30 PM | 8 Likes Like |Link to Comment
  • Time to bargain shop? Barron's thinks so: Thirteen of the top 25 companies in the S&P 500 now trade at or below 10 times estimated 2011 profits.  [View news story]
    And we should assume the 2011 earnings estimates will hold? With States (Illinois etc.) going bankrupt, pension funds running empty!
    Jul 4, 2010. 08:58 PM | 7 Likes Like |Link to Comment
  • The ugly and uglier assessments of the Congressional Budget Office should serve as a wake-up call for Obama, Nile Gardiner says, to stop his "reckless" spending that threatens to bring on America's decline. "It is not too late to reverse course, but so far there is not a shred of evidence that the president is willing to do what is necessary."  [View news story]
    HeadLocal: "back in the days of your beloved Carter, every couple making over $50K/yr put all their spare coin into non-productive crap like feedlots, wildcat drilling etc because the tax burden was so great that writeoffs became the dominant consideration in any "investment"."
    Just because people over speed, we don't get rid of the speed limit. Same here. And from 1980 to now, we lost most of our manufacturing and invested in McMansions, mega malls etc. Productive investment?
    "And, until Reagan ended the cold war, there was every apprehension that there might not be a future"
    And folks are not afraid of the (economic) future now?
    "the breeding period for the more popular STDs still with us today"
    Perhaps a thought that could only come from a right wing preacher! Those on the conservative side do not do or get those things? More correctly, innovations etc. come from group of folks who are willing to experiment, cross boundaries etc. Sometimes that leads to bad things as well.
    " Even now, in CA a millionaire gets hit with 35% Fed + 10.3% state tax, plus local sales taxes of ~9% on the remaining 55%, "
    I never said taxes are low. If there has to be a progressivity in tax, a person making 5 M$, should have a much higher marginal tax than one making 500K.
    "so, despite the fact that the country was founded on anger over 2-cent-a-pound tax on tea, thus the Boston Tea Party and the subsequent Revolution, it seems like the parasites have mostly won"".
    We can all join together and get rid of medicare, social security etc. (just reimburse folks what they put in along with the proper return!). They are also getting much much more than what they put in (the definition for parasite?).

    "And, re "why should a banker or a wall street guy making 5 M$ and more due to family connections, pure luck etc. get away with the same rate?" why not - it's not like he's getting any extra value from the regime for the extra bucks".
    Yes, he got extra bucks from TARP etc. He made it big because of distortions caused by Fed interest rate manipulations.

    "And if you think bankers have it so good, remember - this is America: become one, and enjoy"
    Thanks for telling me what America is.Your same answer applies for those who want to be parasites or government employees! If they want to be one who are we to get angry about it?

    "And since you represent as a full vegetarian, can we take it you have no more respect for the rights of plants to live than you seem to have for the societal worth and contributions of bankers (whatever they turn out to be?"
    I used that example to say that life is very complex and not simple black or white that we can dictate to others what they should do or our own sense of superiority. All my comments were based on the simple fact. Life is multidimensional. You accomplish something and you fail (or ignore purposely) in something else etc. Time, place etc. have effect on what we do. Good products invented before their real time have failed for example. Government regulations need to be simple or take into consideration the distortions they create (home mortgage deduction for example).
    In essence, I also love minimal government, minimal regulations, minimal tax, and fair playing ground for all. But then we should all be willing to give up all the handouts (medicare huge highways and what not) and pay for what we use or consume. And given the technology we have now, it is easy to keep track of how much we use /consume!
    Jul 3, 2010. 09:48 PM | Likes Like |Link to Comment
  • The ugly and uglier assessments of the Congressional Budget Office should serve as a wake-up call for Obama, Nile Gardiner says, to stop his "reckless" spending that threatens to bring on America's decline. "It is not too late to reverse course, but so far there is not a shred of evidence that the president is willing to do what is necessary."  [View news story]
    I am neither a democrat nor a republican, but a fiscally conservative (spend below what you make and save for the rainy days and for future) with free-market and entrepreneurial oriented outlook (with a technology and business background). So, please read my comments with that in mind:
    The demise of this country started with Reagan (the problems faced by Carter are more related to the rest of the world trying to seek fair value for their natural resources and trying to catch up with us in technology etc.) when 1) he tried to funnel most of this country's energy onto the defense sector (and most of our companies adapted to that model - look into for example, the various divisions GE had before and after 1980), 2) spent an enormous time and energy trying to break-up USSR (and it was like the kids game of trying to see who can stare the most without blinking the eyes. USSR blinked first, but we were also hurt. Further, we helped Russia through the break up since they were subsidizing many other non-homogeneous regions under the name of socialism) and 3) passed on the tax burden on those making a decent return on their investments (like 10+ years of college education of getting an M.D. or a Ph.D.) to help the rich cronies who put him on the job by reducing the top tax rate to 35% (If a family making something like $400,000 beginning at age 35, not a big return for a doctor couple with $400,000 on student loans, pay at the tax rate of 35%, why should a banker or a wall street guy making 5 M$ and more due to family connections, pure luck etc. get away with the same rate?) which distorted the whole mind set of the corporate leaders and the rich (previously they knew any higher compensation would be taken away by higher tax brackets and hence spent their energy on making a name for themselves etc. Now the goal is to make the big bucks in a short time and buy an island or stash away the money off-shore).
    I am sure most of you posting here are not the 5M$ bankers (honestly I would not be wasting my time posting here if my time were worth that much) but those trying to get by with 100K or so. But you folks in my opinion are getting swayed by ideology (democrats bad, republicans good or vice versa, big government is bad, people of certain race, religion or origin good, superior, bad etc.) and not thinking on practical terms that would help us move forward. Yes, we need some minimal form of government to lead, guide, and regulate the society on a macro level (For example, we are living in a finite world and resources are finite. A person wanting a mansion on a 5 acre lot should pay much more and not just proportionally as compared to a person living in a 1/4 acre lot. This would have prevented the urban sprawl that we are facing now. Why should a person driving only 5K miles per year pay the same insurance as one driving 15K etc.) but should not become an employer (which Reagan did by making the defense sector grow) or the police-force for everything (For example, we can have as our national guiding principles that fetus also need same consideration as others, but there is a limit on what the Govt. can do. I am a full vegetarian since I respect the right of other creatures live as well, but cannot force it on others who think other way). Rest should come from the citizens' hard work. .
    Jul 2, 2010. 07:36 PM | 3 Likes Like |Link to Comment
  • We can't keep kicking the pension can down the road, Pension Tsunami's Jack Dean says. "The whole idea of the pension was to provide public servants with a decent retirement. It wasn't to make them wealthy, to allow them to retire younger and with more money and be able to go off and play golf while the rest of us supported them."  [View news story]
    For many questions (with possible answers given) in the comments posted above, possibilities can be deduced by looking at countries like India (Circa 1950 - 2000). Even when India had a huge unemployment, the folks in governments and other unionized jobs were patronized by the politicians for their ability to deliver the votes in bulk. The politicians tried to get their guys in the top union leadership positions. Public glamored for government jobs because of 1) the security it provided, 2) the ability to doze off in the job, and 3) the ability to take bribes for their normal jobs (do you want a driver's license without taking the test, you can get one for under the table donation!). Of course, to get that government job, you need to bribe the politician / ministers / senior government officials (the bribe seems to run like a persons 5 years worth of salary - so, it is obvious he is hoping to make it up through bribes etc.). Of course, they are the only ones paying the bulk of the tax (if they earn enough!) since rest of the dealings have gone underground or use a form of double accounting!
    I thought I ran away (some 40 years ago) from all these to be in a true capitalist / free market system only to find that I or my children will end up living in that kind of corrupt system again.
    Jul 1, 2010. 09:03 PM | 6 Likes Like |Link to Comment
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