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  • Raise The Rate And Stop Punishing Savers [View article]
    Of course they cannot. China's surge of productivity put lots of them either on very reduced income or out of the workforce entirely. Until all this increased productive capacity can fulfill their other role as consumers, the world is going to languish in deflation.

    A global new deal, that again starts building the basics for the whole world could be the answer.

    Take the excess savings trying to crowd into the developed world's over supplied financial markets and deliver it to projects that can catalyze global demand. Examples would be basic infrastructure in the emerging makets, sanitation, transportation, power, etc. Just the initiation of such projects would reflate markets. Emerging markets would need to extend iron clad guarantees for the bonds used for such projects, paid off over decades as said societies got richer. In the current interest rate environment, the bonds could be sold at very reasonable long term rates.
    Oct 9, 2015. 12:28 PM | Likes Like |Link to Comment
  • Raise The Rate And Stop Punishing Savers [View article]
    This is an example of a world awash in both money and excess capacity, while simultaneously having fewer and fewer consumers.

    Yes, something is broken, but low rates are but a symptom; not a cause.
    Oct 9, 2015. 12:10 PM | 2 Likes Like |Link to Comment
  • 13 Economic Charts That Wall Street Doesn't Want You To See [View article]
    Use your nice new iPhone to take a picture of her and her nice new SUV and send it to the welfare office, with a cc to your politician in charge of that office, if you care so much. Don't just cry; do something.

    Love these anecdotes, but never see any proof.

    I do agree that there's waste in the system, but take a good hard look at the so called "defense department" and the ongoing boondoggles in medical before you cry too hard about a few pennies misallocated on food stamps.

    BTW, I'm not too excited about the cr#p that food stamps can buy. Due to extensive and ongoing lobbying by food retailers we have shifted from basics to high margin MREs. I'd restrict food stamps to vegetables, beans, rice...but none of this ready to eat stuff. It's not terribly good for a body anyway.
    Sep 25, 2015. 11:57 AM | 3 Likes Like |Link to Comment
  • XLE: It's Time To Move This ETF Up Your Big Board [View article]
    Sep 19, 2015. 11:46 AM | Likes Like |Link to Comment
  • Bank Of America: Think About It, This Bank Is Currently A Long-Term Buy [View article]
    Again, let's wait until next year and see if those earnings estimates hit reality. I think that BAC's share price is in a show-me mode.
    Sep 19, 2015. 11:39 AM | Likes Like |Link to Comment
  • Bank Of America: Think About It, This Bank Is Currently A Long-Term Buy [View article]
    And what will you say when they meet those earnings estimates for the next three years? Thank you for selling me your cheap BAC!
    Sep 19, 2015. 11:37 AM | Likes Like |Link to Comment
  • Forget 2% Inflation, The Fed Is Going To Need To Cure Deflation And Not Hike Rates [View article]
    What about all the unmeasured benefits of the know, that thing that has changed about everything in the last 20 years? Problem is that most of what it delivers is free, so cannot be measured with productivity tools designed for the market.
    Sep 7, 2015. 11:12 AM | Likes Like |Link to Comment
  • Forget 2% Inflation, The Fed Is Going To Need To Cure Deflation And Not Hike Rates [View article]
    Better to eliminate taxes on the young working people...they are the ones that would use the money for more housing, clothes, white goods, etc, instead of giving a tax break to those that would just dump the savings into the financial circus as we oldsters already have purchased what we want.

    As a matter of fact, we ought to really encourage people to save up to a certain level of assets (say $2m) before taxes kick in, as we want people to be financial stable and have a stake in the system.
    Sep 7, 2015. 11:05 AM | 2 Likes Like |Link to Comment
  • Forget 2% Inflation, The Fed Is Going To Need To Cure Deflation And Not Hike Rates [View article]
    The FED would serve the economy to keep the temperature higher for longer, as it seems we want working people to get a raise and allow some inflation to occur.

    It seems to me that there's an obsession with inflation, a beast that hasn't been on the rampage in this country since the late 1970's some 35 years ago.
    Sep 7, 2015. 11:00 AM | Likes Like |Link to Comment
  • Felix Zulauf: Bottom isn't in yet [View news story]
    Maybe the issue was that Iraq was on the verge of benefiting from much higher oil prices pre-fracking, and at least some of that money would have made it into creating a nuclear deterrent, which would make all our prepositioned conventional forces irrelevant.

    So, given 911, the war hawks decided to help themselves to $2 trillion of our tax dollars, and pulled the trigger on Iraq, and since that was going so well, introduced the American way to Afghanistan as well, thereby enlarging the top line.

    In retrospect, maybe Saddam in control of a strong, nuclear armed Iraq wouldn't have been the end of the world, as eventually the unprecedented higher price of oil would have drawn in investment into fracking, and thus the low price of oil, bringing Iraq, Iran, SA, Russia, Brazil down to the humble pie table.

    But just as high prices are the cure for high prices, low prices are the cure for low prices.

    Seems like the world can live with a stable oil price in the $70 range, although some despotic places like Russia and SA are going to be facing some economic and political turmoil eventually at that point.
    Aug 29, 2015. 11:07 AM | Likes Like |Link to Comment
  • Betting Big On A Global Recovery? [View article]
    I think there was a fair amount of candy in there too.
    Aug 28, 2015. 11:26 PM | Likes Like |Link to Comment
  • Normal Valuations Are The Real Worry, Not China [View article]
    Funny, it spends like real money.
    Aug 27, 2015. 11:52 AM | 1 Like Like |Link to Comment
  • A High-Yield, Low-Price Stock That's Traded In A Tight Range For 5 Years Is Great For My Immediate Income Stream [View article]
    Those that live in rural areas will eventually get wireline/fiber based Internet access, which is the only real technology that can deliver scalable and consistently ever larger amounts of transfer required by technology change. Forget wireless, its for mobile, or only as a stopgap solution.

    The people in the rural areas will get this essential utility because all states have two Senators, and because most thinking people agreed long ago that having universal service across our country of utilities and communication is a benefit to all.

    The vehicles for this service are companies like FTR and CTL. Will they be wildly profitable? No. But they will be profitable and very stable. Count on the FCC to make sure that they are. Failure is not an option.
    Jul 11, 2015. 05:16 PM | Likes Like |Link to Comment
  • Shell declares interest in returning to Iran, discusses $2B debt payment [View news story]
    Praise Jesus we did. Let Israel do crazy all by its lonesome. Maybe they'll wake up and put on their thinking cap instead of just reaching for the gun.
    Jun 4, 2015. 02:11 AM | 2 Likes Like |Link to Comment
  • A New Kind Of Feudalism As Western Workers Lose Ground [View article]
    Ok, get rid of intellectual property. Now, where is the incentive to create? Now reform of the existing system would be good...
    Jun 1, 2015. 11:39 AM | Likes Like |Link to Comment