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Padawan learner

Padawan learner
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  • Headline jobs numbers inline, but March's miss gets wider [View news story]
    In an odd way I think you both sides are technically right. (I believe but could be wrong that) BLS is listing all above 20 years old in the (93 million not in workforce) number, so retiring boomers are inflating the number. BUT, prime age labor force participation via FRED also sadly shown trending down. Just not down into the Carter years yet.
    May 8, 2015. 04:56 PM | Likes Like |Link to Comment
  • GDP contracted 2.9% [View news story]
    I’m not the expert so take what I say with a grain of salt, but the economy isn’t the stock market (their trajectories can be very different).

    Zimbabwe’s stock market rocketed with their hyperinflation while the average Joe in Zimbabwe was doing far worse by the day. IMO QE and low interest rates could keep the stock market running while Joe America slides down.

    Keynesians, Monetarists and Austrians in Economics, politically Democrats and Republicans will disagree on how to make the true economy better, but it would not surprise me at all if an economy and stock market disconnect is what we have been seeing and that it accelerates.
    Jun 25, 2014. 12:59 PM | 3 Likes Like |Link to Comment
  • Big beat on jobs with gain of 204K [View news story]
    AIP, There are reputable economists Austrian/Monetarists/ Keynesians who vary greatly and as to what caused the great depression, when we got out of it, and what policies improved/extended the depression.
    What is clear is the Keynesians noted the reduction in expenditures was sure to destroy the economy. That is irrefutable, as is how well the economy performed when Government got out of the way.
    Nov 8, 2013. 03:24 PM | 1 Like Like |Link to Comment
  • Big beat on jobs with gain of 204K [View news story]
    Lefty you mean like all of your brethren who said the economy would surely tank bad when we reduced Government spending from 43.6 of GDP in 1944 down to 14.8 in 1947 and further to 11.6 in 1948? Just in case you never learned about this, the next time we spent more actual dollars (even with inflation) than in 1945 we were entering the 60s. And of course all we did during that time was more than double the economy with an average federal outlay of (get this) 16.7% of GDP.
    But as you said never let facts get in the way of your bias.

    P.S. You seem to be a little under informed, I feel it necessary to remind you that there are Nobel Laureates in Economics other than Krugman. Maybe you should do a little more research before you throw the term reputable out.
    Nov 8, 2013. 02:10 PM | 2 Likes Like |Link to Comment
  • Big beat on jobs with gain of 204K [View news story]
    Lefty, with all the sequestering and temporary shutdowns, I would have thought the economy should have tanked bad by now; the numbers since the start of the sequester have been some of the best for what has so far been a mediocre recovery at best.
    I am happy that there seems to be some part of civilization remaining that is not dependent on the collective for either directions or its existence.
    Nov 8, 2013. 12:04 PM | 1 Like Like |Link to Comment
  • Big beat on jobs with gain of 204K [View news story]
    well about a third of it was closed for most of the month. Does that count?
    Nov 8, 2013. 11:55 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Government writes the rules, Apple follows the rules, Government doesn’t like the results……So naturally it is Apple’s fault and they are the problem.
    Sounds like my 4yo except these children own/manage a few thousand nukes.
    May 21, 2013. 10:11 AM | 4 Likes Like |Link to Comment
  • Initial Jobless Claims: +32K to 360K vs. 330K consensus, 328K prior (revised). Continuing claims -4K to 3.00M. [View news story]
    Republican response and their preferred media; it is all due to an incompetent administration with no real ideas. We told you this would happen. Without our guidance all would be lost!

    Democrat response and their preferred media; see the do nothing Republicans and their support for austerity measures are destroying the progress our Democratic administration has made. Without our guidance all would be lost!

    The stories were written long ago, timing is all that needed to be determined.
    May 16, 2013. 10:08 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I do not believe incompetence combined money and power produce good results, if you think it does god bless you.
    When government is loaded with competent managers it might make more sense to give them a little more to do; people can agree or disagree with that as they choose. But giving Alice more/better equipment to bleed Washington makes no sense.
    Give me a call when government is stacked with competent managers, until then it is wise to limit their influence lest they return to serving the people as they did in ultra left and ultra right wing totalitarianism seen in the 20th century. That is why I’ll choose liberty.
    May 7, 2013. 12:10 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Rich in Q,
    I must say, your logical conclusion, from your observed perspective is quite messed up. From your perspective a decent percentage of the politicians who make up the US government are in Wonderland bleeding General Washington. So naturally you advocate giving them more money and increased power to do what? Make Alice Bigger? Just curious, how does incompetence and power drive good results?
    May 7, 2013. 09:10 AM | 7 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I would feel just a little worse if keeping the President (you know our CEO) happy didn't cost about $1,500,000,000 annually.
    That isn't a dig on any one administration R or D any more than you cared that a CEO was an R or D.
    May 1, 2013. 02:21 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Hello Rich, I am not sure about Quebec, but the US government has pretty much run unopposed since the American revolution… Our government isn’t like a monopoly service provider, it is a a monopoly service provider. Could you possibly be advocating that because the governing body is elected by a cross section of the population (stakeholders/stockhol... whose qualifications are determined by the governing body and bylaws are the reasons government is not/could not be a monopoly service provider?
    Apr 23, 2013. 09:43 AM | Likes Like |Link to Comment
  • Bailing In [View article]
    With this moment brought to you by the EU political class and the ones which are very sure to follow, Hayek comes to mind- "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.”
    Mar 26, 2013. 12:27 PM | 6 Likes Like |Link to Comment
  • "At no point is it possible to bail-in depositors below €100K, now or in the future," Reuters reports an EU Commission statement as saying (never mind this is precisely what was attempted in Cyprus last week). It's not our job to evaluate Dijsselbloem's comments on Cyprus, the EU adds. "Dijsselbloem was wrong," says the ECB's Benoit Coeure. "Cyprus isn't a model." [View news story]
    As a society we have decided and chosen to subsidize risk to a greater and greater extent. The consequences of those actions are producing negative effects and has been promoting riskier decisions across the board. Your banking industry example is a good example but it is just one example. Others are as equally detrimental and costly, they include but are not limited to; disaster relief where owners are subsidized to build/rebuild in risky (high probability of flood areas and high probability of significant hurricane damage {just off the beach}). Healthcare is another example where rising societal costs in part due to poor decisions regarding calorie intake and food choices has prompted increased calls to legislate both because society is paying the bill. There are a good many more examples but hopefully you get the point.
    I would prefer for society to start removing away from subsidizing risk as it promotes riskier behavior, but that is just my opinion.
    Mar 26, 2013. 09:40 AM | Likes Like |Link to Comment
  • The ECB will continue emergency liquidity assistance for Cypriot banks if requested, according to a statement on the central bank's website. In the meantime, markets recover from a minor morning panic as Eurogroup President Dijsselbloem walks back from comments which seemingly could have started a bank run on the Continent. S&P 500 -0.3%[View news story]
    If it gets much crazier, being in debt will be the safest investment.
    Mar 25, 2013. 03:47 PM | Likes Like |Link to Comment