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anonymous#12

anonymous#12
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  • 6 Reasons Why Monster Stock Rally 2012 Is Right Around The Corner [View article]
    Comparing Zimbabwe to the United States...keep making such outlandish claims that only exist in your mind and you would end in a ward.

    Zimbabwe productivity was going down, the President there started to take private lands and forced capital out, which he then had to resort to massive money printing.

    In the US you have, a monetary policy which is accommodative, but you don't see inflation apart from food and energy. Food and energy are being driven by stronger forces like supply.

    In Zimbabwe everything was spiraling out of control, including wages. In the US resource utilization is still low, and wages are flat....

    The S&P 500 is up from 2009 levels but it is still below 2007 levels.
    Aug 10 05:54 PM | 31 Likes Like |Link to Comment
  • After three "jobless recoveries" in the last twenty years, NYT's Hedrick Smith suggests it's time to take a lesson from Henry Ford. History has proven Ford's virtuous circle to be effective, and if business managers "give the middle class a better share of the nation’s economic gains... the economy will grow faster." [View news story]
    Who? Romney the one who outsourced jobs to China and India?....

    Who invested in companies, loaded them with debt send them into bankruptcy so after getting out of bankruptcy he could pay lower wages and extract a profit? That Romney?

    Let's just give another tax cut to the rich and America would ensue prosperity....never mind that low and middle class wages are down in REAL terms....brush those pesky facts away.....

    Norway and Sweden both have higher tax rates than in the US, free healthcare,and more regulations than the US and it has nearly full employment with a budget surplus....
    Sep 3 12:01 PM | 30 Likes Like |Link to Comment
  • The WSJ looks at the contrasting approaches of Virginia and Maryland to tax and spending. The latter's governor, Martin O'Malley, touts his "investment" for its results in education, except that Maryland is losing jobs and rich residents, and often runs out of money. Virginia's unemployment is lower and Governor Bob McDonnell has turned a $6B deficit into a $1B surplus. [View news story]
    Ah....Virginia.....

    From the State Budget for FY 13:

    "The Virginia Department of Transportation's (VDOT) annual budget for Fiscal Year 2013 is $4.19 billion, representing a 12 percent decrease (emphasis added) from the previous year. The decrease is largely driven by the GARVEE bonds programmed in Fiscal Year 2012.  - VDOT

    They cut spending for transportation and issue bonds to replenish this cuts, Virginia total government debt is still increasing. Putting an end to the unicorns and fairy surplus meme.....

    GARVEE bonds are backed by the promise of a future FEDERAL FUNDING stream.....

    Hmmm....FEDERAL FUNDING, but I thought republicans were against bigger government, why do they cut state funds so they can fund this cuts with Federal subsidies?? 

    Sort like hypocrisy.....
    Aug 26 09:45 AM | 27 Likes Like |Link to Comment
  • June Nonfarm Payrolls: +80K vs. consensus +100K, prior +77K (revised from 69K). Unemployment rate 8.2% vs. consensus 8.2%, 8.2% previous.  [View news story]
    Average hourly earnings up, workweek up....

    NO recession.
    Jul 6 08:42 AM | 20 Likes Like |Link to Comment
  • After three "jobless recoveries" in the last twenty years, NYT's Hedrick Smith suggests it's time to take a lesson from Henry Ford. History has proven Ford's virtuous circle to be effective, and if business managers "give the middle class a better share of the nation’s economic gains... the economy will grow faster." [View news story]
    The top income tax rate is 47.8 percent, and the corporate tax rate is a flat 28 percent. Other taxes include a value-added tax (VAT), a tax on net wealth, and environmental taxes, with the overall tax burden amounting to 41 percent of total domestic income. Government spending has risen to a level equivalent to 46.4 percent of total domestic output.....

    Link:
    http://herit.ag/OMidJB


    US federal spending: $3.728T for FY 12
    US GDP aprox $16T

    US federal spending to GDP is 23.3%.

    Here is the math lesson for today; 23.3% is less than 46.4%....

    Link: http://bit.ly/PXhhpz


    Oil crude production in the US in 

    2008: 4.95M

    2011: 5.59M

    Link:http://bit.ly/OMidJG

    Another lesson in math; 5.59M is more than 4.95M.....so much for the rant of anti-oil.....


    You see, I don't spout things without checking before the data. It makes a person look ignorant.
    Sep 3 01:20 PM | 19 Likes Like |Link to Comment
  • The WSJ looks at the contrasting approaches of Virginia and Maryland to tax and spending. The latter's governor, Martin O'Malley, touts his "investment" for its results in education, except that Maryland is losing jobs and rich residents, and often runs out of money. Virginia's unemployment is lower and Governor Bob McDonnell has turned a $6B deficit into a $1B surplus. [View news story]
    Blue states subsidize the red states. Also the red states are heavily subsidized by defense contractors, and the spending that goes to private contractors comes from....you guess it....the Federal government.
    Aug 26 02:10 PM | 16 Likes Like |Link to Comment
  • The debate about whether or not raising taxes on the rich would increase government revenue, is "beside the point," writes John Carney on CNBC. The real reason to hike taxes is to fight inflation, but if and when it exists, the measure possibly wouldn't cure that problem either. "The proposals to raise taxes on the wealthy just don’t add up," Carney writes. [View news story]
    The reality is that the current system is unsustainable. We are seeing the effects of the huge income inequality in the US. We have high unemployment, record poverty levels, zero wage growth and at the same time all time highs in corporate profits and strong income gains at the top 1%....

    We can't have the top 1% holding the majority of the wealth, while the middle class scraps by. No matter how hard they work they can't move up.

    In 1960, the CEO to worker compensation ratio was 20 to 1, now it is up to 231 to 1. This occurred while productivity growth from workers was very strong....the productivity gains went to the CEO.
    Aug 26 10:00 AM | 16 Likes Like |Link to Comment
  • If Stimulus Works, How Come We Need More Of It? [View article]
    For the right wingers the only good "stimulus spending" is war. $2 Trillion spent blowing other countries. A complete waste of resources while igniting hate towards our Nation.

    These are the same guys who say they are in favor of spending cuts but are really scared of the automatic defense cuts. So what they did? They tried to cut Food Stamps benefits to protect the military industrial complex.

    Investments on nuclear, or natural gas could provide huge returns.
    Aug 11 11:14 PM | 16 Likes Like |Link to Comment
  • The NYT's Catherine Rampell investigates whether the recovery really is the worst since the Great Depression and finds that on almost every measure she looked at, "there was at least one previous (completed) recovery that performed worse." However, improvements across different metrics are way below the average. [View news story]
    With each passing election the republican base is reduced. People are tired about republicans.

    The majority of the people want to raise taxes to the rich, cut defense spending and increase investments in education. Sorry but the majority rules. Look at the polls, ask the people in the street if they want their social security, Medicare funds cut.....they would say no.

    From 2009-2012 the S&P 500 is up more than 60% From 2001-2004 it was nearly flat. That shooshalist.....
    Aug 12 01:59 PM | 15 Likes Like |Link to Comment
  • Spanish unemployment hit the "astronomical" level of 5.4M at 2011's end, says PM Rajoy. With the official figures not yet out, a bit of math suggests the unemployment rate jumped from 21.5% to about 23.2% - an astounding move in just 3 months. One wonders what's ahead as the government is set to unleash a new wave of austerity measures.  [View news story]
    Yes....people should work for minimum wage. Profits are increased, off-shoring continues, and our Galtian overlords wealth as percentage of our economy reaches all-time highs......that pesky thing about income disparities, that have crumbled economies in the past, should be brushed aside.....

    We are #1 in stupid mindless self-flagellation as well as in chest thumping self- aggrandizement.

    Your solution is to keep catering to our Galtian overlords....from 2001-2008 we did that exactly....and how that worked out?
    Jan 15 11:42 AM | 15 Likes Like |Link to Comment
  • The debate about whether or not raising taxes on the rich would increase government revenue, is "beside the point," writes John Carney on CNBC. The real reason to hike taxes is to fight inflation, but if and when it exists, the measure possibly wouldn't cure that problem either. "The proposals to raise taxes on the wealthy just don’t add up," Carney writes. [View news story]
    That's why I don't get the exorbitant pay of the top executives of a company, banks included....

    On the good times they get all the benefits, they make millions. When the company goes kaput, they are rewarded with a termination package that consists of millions of dollars.

    The CEO doesn't risk their capital. Shareholders get screwed.
    Aug 26 10:40 AM | 14 Likes Like |Link to Comment
  • June Nonfarm Payrolls: +80K vs. consensus +100K, prior +77K (revised from 69K). Unemployment rate 8.2% vs. consensus 8.2%, 8.2% previous.  [View news story]
    I know, data hurts....
    Jul 6 08:45 AM | 14 Likes Like |Link to Comment
  • With a 51-45 vote, Senate Republicans block the "Buffett Rule's" raised federal taxes on millionaires (30% on income for those making $2M annually).  [View news story]
    Here we have it....republicans cater to the oligarchs, they don't care about the middle class, which by the way is the biggest engine of our growth.

    Reagan started this pandering with the fallacy of "trickel down"....what we have to show for it? Decaying public Infraestructure, rampant speculation, declining wages and wait a moment...record profits.....

    But remember the oligarchs continue to enrich themselves and that's the only thing that matters....
    Apr 16 07:59 PM | 14 Likes Like |Link to Comment
  • Why Banks Will Continue To Rip Off Clients [View article]
    Wall Street IB guys usually laugh at how stupid some of their clients are. They don't care about their clients, they care about themselves. They know that if they peddle garbage they can muster some fees. And the higher the fees, the higher their bonuses in December. Wall Street is rotten by the attraction of short term profits at the expense of others. If they could sell their mothers for a profit they would do it.
    Mar 17 11:30 AM | 14 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    "former MF Global (MFGLQ.PK) CEO knew about the missing customer money and was aware of improper transfers".....

    This is a clear example of how rotten the financial system is. These guys could sell their mothers for money. Their greed is insatiable, disgusting and immoral. But Corzine knows he is safe. The banking oligarchs control our system, that's
    why wall street executives in the 2008 meltdown were unscathed. Did you hear me working American? Justice is for the poor and the middle class. It doesn't exist for those well connected, after all...they are doing God's work.....
    Dec 14 07:31 AM | 14 Likes Like |Link to Comment
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