Remember when the White House promised to roll back regulatory burdens on the private sector? Facts speak louder than words: Since March 2010, federal regulatory agency employment has jumped more than 5%, while private jobs have grown just 1.5%. Maybe all the regulatory hires are for folks to cut red tape? [View news story]
Now all of the dumping just happens in the East where American citizens get to pay for the dumping indirectly through trade imbalance. The nanny state in every facet of our lives is non-sustainable.
Current regulations favor mega corporate/government alliance also known as Fascism. 260,000 middle men lobbyists in Washington. How many Czars in Washington now? 40 last I counted in 2009z We the People are drastically underepresented. Until the small can compete the country won't grow further. So while individuals on the right and left offer some constructive criticism I can relate to, the biggest problem to solve is at the foundational level.
In Dimon Versus Bernanke, Dimon Wins by a Knockout [View article]
Dimon is as grateful to the government as JPM and the big six IB's were to the taxpayer raising credit card rates 30% and kiting depositer accounts charging $50 a pop for overdraft fees.
Washington and NYC are the twin towers. Like JRR Tolkiens Lord of the Rings trilogy. When this government be it the U.S. or America 2.0 overdue it on bankers like in Nazi Germany, I will not be a bit surpised but these individuals sure will be.
Thanks for the new mini dark ages @ssclowns. Databases from these days will make sure history cannot be so easily rewritten like lost details of who funded JPM' and HW Bush buddy Adolph. This time was different. None can avoid the mirror now held up in front of humanity.
Something like this may be coming soon to a state near you (or perhaps your own): Gov. Chris Christie strikes a deal with New Jersey's senate cutting pensions and benefits for state employees. New Jersey's pension system was $53.9B underfunded as of the latest fiscal year. [View news story]
I expanded my cranium by reading childrens books on audience segmentation. So when I think big here I typically provide some form of economic analysis or raw opinion on what the data says. I go to Open Democracy when I want to spew out raw political vitriol without debating any facts and let my feelings flow....
Something like this may be coming soon to a state near you (or perhaps your own): Gov. Chris Christie strikes a deal with New Jersey's senate cutting pensions and benefits for state employees. New Jersey's pension system was $53.9B underfunded as of the latest fiscal year. [View news story]
I bet you weigh about 300 yourself and don't stand up from the computer chair more than an hour a day. Do you have any economic insight to add to this discussion. No need to answe union boy. This is why our jobs went to China in the first place while financeers chuckled.
Jamie Dimon (JPM) challenges Bernanke after today's speech: "Has anyone bothered to study the cumulative effect of all these [regulations]" - that it could be the reason it's taking so long for credit and jobs to come back? Bernanke essentially says no: "it's just too complicated. We don't have quantitative tools to do that... There is going to be some trade-off here." [View news story]
Who controls the debt punchbowl Tack? Stop being disingerous. Independence has been compromised. The whole damn U.S. brand is tarnshed beyond repair. Good times await! (sarcasm off).
Jamie Dimon (JPM) challenges Bernanke after today's speech: "Has anyone bothered to study the cumulative effect of all these [regulations]" - that it could be the reason it's taking so long for credit and jobs to come back? Bernanke essentially says no: "it's just too complicated. We don't have quantitative tools to do that... There is going to be some trade-off here." [View news story]
Vendor finger pointing at its finest, going both ways.
Jamie Dimon (JPM) challenges Bernanke after today's speech: "Has anyone bothered to study the cumulative effect of all these [regulations]" - that it could be the reason it's taking so long for credit and jobs to come back? Bernanke essentially says no: "it's just too complicated. We don't have quantitative tools to do that... There is going to be some trade-off here." [View news story]
Oh come now 1980XLS. She isn't even on the thread to defend her Marxist ideology.
The point was made clear in today's warning from Moody's and should not be missed: There's no such thing as a "technical default." If the U.S. doesn't resolve its debt ceiling game of chicken soon, it will mean "default," plain and simple, with a downgrade to follow. [View news story]
I own a Small Business and vouch for your conclusion.
1) NH UI went from 2% to 8%. I terminated a friendship of almost thirty years because he had decided last year to continue his UI "vacation" as he put it. He is only back to work because the UI ran out.
2) Healthcare. I hire full-time workers with a 90 day orientation period or let's be frank and call it a trial period. Family coverage (what most adult and skilled professionals need as a primary bennie) increased from $1,400 per month to $1,600 per month. That plan is Anthem, Plan A (best). Think about the total annual for a second. $19,200.
I will launch another survey at the end of the month and publish the results like I did on the consumer deleveraging question the Fed posed to the general public on their blog. Then we will know in which priority of increased cost verse lowered demand is hurting the job market. Low demand as the only reason politicians and MSN spout is only part of the equation why labor is remaining soft.
3) Government sponsored extortion. Empires over expand. When they do, the rich escape taxation and the poor have nothing to give. The Empire receeds and to fund itself to prevent extinction, taxes the middle class. Government "protections" such as sexual harrassment laws encourage struggling employees with declining purchasing power to sue their employers. And boy do they!
Of course the State is really only looking for a hefty fine and could care less about the individual. In other States where there are more minorities it is race discrimination. In NH, I was charged with "gender" discrimination. The State didn't even both to check the UI payroll roster and see I had an EXACT 50/50 ratio. Thanks for the downward mobility! Loved wasting thirty hours of my time answering the three feminazi's calling themselves a 'investigative tribunal'. No I didn't settle, I prefer being the sticky guts in the machines wheel then capitulating like a little boy hiding behind attorney also preying off the extortion racket.
I had an IRS agent in my office last month claiming I was "missing forms". My bookeeper faxed them to him an hour later. Good thing I have to spend $60,000 a year on accounting between a bookeeper and CPA on this particular $1 M of gross revenue right?
Now scale this sum and percentages to my other ventures. Getting the point folks? I could get buy with Quickbooks alone without 'professionals' if it were not for this uncompetitive U.S. landscape.
4) Financial fraud. $600 in fraudelent billings last month in May alone my monthly personal bills are $5k a month. $3,000 are for financial services representing 20% monthly fraud. Yay! 28 days, hidden fees, late charges on currently up to date bills (even factoring in 28 day). Gee. Why am I avoiding looking for credit like the plague? Of course even if I wanted it I couldn't get it since RBS kited eight checks from my business account which bounced damaging my 720 credit. That was two years ago, I don't bother trying to be a good FICO doobee but hedge against amorality instead. (There Chairman Bernanke and Fed Executives). Your destroying your customer base so they can look at tall black obsolisks in Chigaco, D.C. and NYC from cardboard boxes.
5) Inside leadership all on board looting the system instead of attemping reform and setting themselves up in China, their nice new baby. Of course they are unaware of the bait-and-switch in their stupid hubris. But the inside CFR's love their new baby pet. *uck you Kissinger and devil worshiping tri-lats. The 4D model kills triangulation and the only real reason I have an once of respect left for Goldman, because they bought into Facebook and understand, triangulation is dead or soon will be.
As a Small Business owner, what's not to love out of all this?!?!
If real financial reform does not occur in 2013. Goodbye and good riddance to staying here in America. I had planned on staying no matter what but my family is well educated and no longer feels safe here with jackbooted thugs kicking down doors. I'll have to admit to myself that I will be far too tempted to open fire on them and I abhor violence. All those taxes for security funding international investments didn't leave much for my own country. WHY 911 HAPPENED IN THE FIRST PLACE.
Thanks for the opportunity to rant, ahhhh that feels better.
Jamie Dimon (JPM) challenges Bernanke after today's speech: "Has anyone bothered to study the cumulative effect of all these [regulations]" - that it could be the reason it's taking so long for credit and jobs to come back? Bernanke essentially says no: "it's just too complicated. We don't have quantitative tools to do that... There is going to be some trade-off here." [View news story]
The outline is brilliant. But I cannot support the Federal Reserve in 2013 when its charter comes up for renewal. It was their job to pull the punchbowl away. Those educated know what happened instead. Making the American people backstop $9T in counterpary swap fees in a global market most Americans don't even play in?!?
The other debt of spending beyond means and current bank bonusing ia $5T.
Sorry gentleman you need a "time out". Right idea Chairman Bernanke to evolve and bring Democracy to Central Banking but your out of time. Should have given the finger to your mentor Alan Greenspan sooner.
The point was made clear in today's warning from Moody's and should not be missed: There's no such thing as a "technical default." If the U.S. doesn't resolve its debt ceiling game of chicken soon, it will mean "default," plain and simple, with a downgrade to follow. [View news story]
Simple: Just do not renew the Fed's 100 year charter in 2013 and give up the delusions of empire and vassal states to tax. The funds wind up in tax havens outside of power centers in any event. That horse left the barn long ago. Taxing a systemic private money business model is whistling past the graveyard. The Federal Reserve compromised their independence and they have destroyed their own franchise. Confidence will not recover now while they remain at the helm.
China/Russo alliance and the EU can now be considered direct competition at this point.
Encouraging competition and restucturing American monetary system and calculating TRUE debts to bondholders and sufficient haircuts should come on American people's terms in 2013.
If as a bonholder you were not sophisticated enough to bail after having the majority of holdings made whole on the taxpayers dime you're likely to be burned one way or the other by a sovereign be it America or the other two empires.
Bring the troops home to guard our borders while we become largely energy independent, restart manufacturing and let the EU and Russo/China alliance duke it out for King of the Hill.
Monetary union without political union is an absolute failure. Always was and in our lifetimes, always will be. For bankers its either exit gracefully or face charges of sedition and treason, they just don't know this yet so are out busy raping maids pretending to be gods. Maybe they have a special temple to Dionysis.
Too strong a plan for you USA First? Then be prepared for the United States to become the next Mexico where wealthy individuals live in gated communities with heavily armed guards to prevent kidnapping of family members but where clever criminal networks find a way...
The New Yorker's James Surowiecki laments the political "demonization" of Elizabeth Warren and the Consumer Financial Protection Bureau: "It’s profoundly misguided, because Warren is far from the anti-capitalist radical that her critics (and some of her supporters) suppose. Indeed, an empowered CFPB could actually be a boon to business." [View news story]
I agree with you. My monthly bills are roughly $5k per month. Out of that $3,000 is mortgage and financial services, including insurance. Last month there were $600 in fradulent additional charges, fees. That is 20% financial fraud in all my household billings. As a Small Business owner I will not make further substantial investment into the economy while this clumsy, butt raping method of recapitaling banks continues. So go ahead Washington, use your diminishing power to marginalize consumer advocates like Warren. Your accelerating your own demise.
2013 Fed Charter coming up for renewal. Not reigning in your boys means you will be out of America. Foreign rentiers attemping to destroy America's sovereignty is treason. It's like the cheater in the movie Casino. You can walk out intact with previous ill gotten gains or attempt to continue the Ponzi. Watch the clip yoursleves Jack-asses.
Deflation is still the greatest threat to the economy, Mish Shedlock says, with QE2 merely reflating financial assets and pumping up commodity prices, most of which will "plunge" in the coming months. Shedlock sees gold as a beneficiary of deflation driven by debt de-leveraging, which he thinks will accelerate as the global economy grinds to a halt. [View news story]
First the compliment: Mish has had solid labor market parsing and reporting since 2007. He was way out in front.
The criticism: Mish won't let go of the Prechter version of deflation on this depression. Of course deflation will come eventually but if he didn't call the W (such as a Bob Doll or Rhoubini) in 2008 and within a quarter of when and why Mish's analysis was way off. Mine was dead on if you wish to conduct a search my screen name and W here at SA.
I believe his mistake as a Jr. Economist was not considering historic CB temporary response to debt saturation. That creates a W pattern going back to charting almost two hundred years.
Case Shiller: The Housing Double Dip Is Official [View article]
It IS a double dip. Look at equities, BDI, employment. When you know government is run by bankers the playbook becomes obvious. You're point though Aldredos about buying opportunity rings true. I like equities but determining valuation right now is extremely time consuming and difficult. I'll wait to buy long into RE and equities in 2013 which is when housing will have bottomed and a tepid but sustainable bull market will form. I have said this since Q4 of 2008 and will stick to this forecast. The wild card of risk to this forecast will be the M.E. in 2013. Regional conflict is quite possible this year. Best of luck gentlemen.
Case Shiller: The Housing Double Dip Is Official [View article]
I find it a mixed bag with EconDoc. Some of the commentary is really insightful but others are demeaning. As an investor, I know at times I can be a bit hard-nosed myself so I have reserved criticism in the past but this comment went a bit too far for my taste to say nothing.
Thumbs down does provide contrarian indicators. What is up with every tech voting system now only having a "Like" feature. I don't want a smiley face all the time in our markets or government, it discourages refinement and retards evolution which only snaps back later causing far more pain. To everything there is a season...
Case Shiller: The Housing Double Dip Is Official [View article]
I know, Econ-no-mics are so confusing, eh EconDoc? Anybody has business providing opinion these days, whether an individual is followed or not is a different matter. Both yourself and Cullen are followed here.
Who are you anyways? Alan Greenspan in 2004 stating that nobody by PhD's at the Central Bank system can discuss economics?
Do a search for my name and W. Starting in Q4 of 2008 I forecasted the W shape depression TO THE T AND I DON'T EVEN HAVE A PhD. seekingalpha.com/searc...
Storing the nations wealth in Hong Kong and U.S. Equities with no Plan B if the Chinese pull a bait and switch is not exactly what I call brilliant EconDoc.
Remember when the White House promised to roll back regulatory burdens on the private sector? Facts speak louder than words: Since March 2010, federal regulatory agency employment has jumped more than 5%, while private jobs have grown just 1.5%. Maybe all the regulatory hires are for folks to cut red tape? [View news story]
Current regulations favor mega corporate/government alliance also known as Fascism. 260,000 middle men lobbyists in Washington. How many Czars in Washington now? 40 last I counted in 2009z We the People are drastically underepresented. Until the small can compete the country won't grow further. So while individuals on the right and left offer some constructive criticism I can relate to, the biggest problem to solve is at the foundational level.
In Dimon Versus Bernanke, Dimon Wins by a Knockout [View article]
Washington and NYC are the twin towers. Like JRR Tolkiens Lord of the Rings trilogy. When this government be it the U.S. or America 2.0 overdue it on bankers like in Nazi Germany, I will not be a bit surpised but these individuals sure will be.
Thanks for the new mini dark ages @ssclowns. Databases from these days will make sure history cannot be so easily rewritten like lost details of who funded JPM' and HW Bush buddy Adolph. This time was different. None can avoid the mirror now held up in front of humanity.
Something like this may be coming soon to a state near you (or perhaps your own): Gov. Chris Christie strikes a deal with New Jersey's senate cutting pensions and benefits for state employees. New Jersey's pension system was $53.9B underfunded as of the latest fiscal year. [View news story]
Something like this may be coming soon to a state near you (or perhaps your own): Gov. Chris Christie strikes a deal with New Jersey's senate cutting pensions and benefits for state employees. New Jersey's pension system was $53.9B underfunded as of the latest fiscal year. [View news story]
Jamie Dimon (JPM) challenges Bernanke after today's speech: "Has anyone bothered to study the cumulative effect of all these [regulations]" - that it could be the reason it's taking so long for credit and jobs to come back? Bernanke essentially says no: "it's just too complicated. We don't have quantitative tools to do that... There is going to be some trade-off here." [View news story]
Jamie Dimon (JPM) challenges Bernanke after today's speech: "Has anyone bothered to study the cumulative effect of all these [regulations]" - that it could be the reason it's taking so long for credit and jobs to come back? Bernanke essentially says no: "it's just too complicated. We don't have quantitative tools to do that... There is going to be some trade-off here." [View news story]
Jamie Dimon (JPM) challenges Bernanke after today's speech: "Has anyone bothered to study the cumulative effect of all these [regulations]" - that it could be the reason it's taking so long for credit and jobs to come back? Bernanke essentially says no: "it's just too complicated. We don't have quantitative tools to do that... There is going to be some trade-off here." [View news story]
The point was made clear in today's warning from Moody's and should not be missed: There's no such thing as a "technical default." If the U.S. doesn't resolve its debt ceiling game of chicken soon, it will mean "default," plain and simple, with a downgrade to follow. [View news story]
1) NH UI went from 2% to 8%. I terminated a friendship of almost thirty years because he had decided last year to continue his UI "vacation" as he put it. He is only back to work because the UI ran out.
2) Healthcare. I hire full-time workers with a 90 day orientation period or let's be frank and call it a trial period. Family coverage (what most adult and skilled professionals need as a primary bennie) increased from $1,400 per month to $1,600 per month. That plan is Anthem, Plan A (best). Think about the total annual for a second. $19,200.
I will launch another survey at the end of the month and publish the results like I did on the consumer deleveraging question the Fed posed to the general public on their blog. Then we will know in which priority of increased cost verse lowered demand is hurting the job market. Low demand as the only reason politicians and MSN spout is only part of the equation why labor is remaining soft.
3) Government sponsored extortion. Empires over expand. When they do, the rich escape taxation and the poor have nothing to give. The Empire receeds and to fund itself to prevent extinction, taxes the middle class. Government "protections" such as sexual harrassment laws encourage struggling employees with declining purchasing power to sue their employers. And boy do they!
Of course the State is really only looking for a hefty fine and could care less about the individual. In other States where there are more minorities it is race discrimination. In NH, I was charged with "gender" discrimination. The State didn't even both to check the UI payroll roster and see I had an EXACT 50/50 ratio. Thanks for the downward mobility! Loved wasting thirty hours of my time answering the three feminazi's calling themselves a 'investigative tribunal'. No I didn't settle, I prefer being the sticky guts in the machines wheel then capitulating like a little boy hiding behind attorney also preying off the extortion racket.
I had an IRS agent in my office last month claiming I was "missing forms". My bookeeper faxed them to him an hour later. Good thing I have to spend $60,000 a year on accounting between a bookeeper and CPA on this particular $1 M of gross revenue right?
Now scale this sum and percentages to my other ventures. Getting the point folks? I could get buy with Quickbooks alone without 'professionals' if it were not for this uncompetitive U.S. landscape.
4) Financial fraud. $600 in fraudelent billings last month in May alone my monthly personal bills are $5k a month. $3,000 are for financial services representing 20% monthly fraud. Yay! 28 days, hidden fees, late charges on currently up to date bills (even factoring in 28 day). Gee. Why am I avoiding looking for credit like the plague? Of course even if I wanted it I couldn't get it since RBS kited eight checks from my business account which bounced damaging my 720 credit. That was two years ago, I don't bother trying to be a good FICO doobee but hedge against amorality instead. (There Chairman Bernanke and Fed Executives). Your destroying your customer base so they can look at tall black obsolisks in Chigaco, D.C. and NYC from cardboard boxes.
5) Inside leadership all on board looting the system instead of attemping reform and setting themselves up in China, their nice new baby. Of course they are unaware of the bait-and-switch in their stupid hubris. But the inside CFR's love their new baby pet. *uck you Kissinger and devil worshiping tri-lats. The 4D model kills triangulation and the only real reason I have an once of respect left for Goldman, because they bought into Facebook and understand, triangulation is dead or soon will be.
As a Small Business owner, what's not to love out of all this?!?!
If real financial reform does not occur in 2013. Goodbye and good riddance to staying here in America. I had planned on staying no matter what but my family is well educated and no longer feels safe here with jackbooted thugs kicking down doors. I'll have to admit to myself that I will be far too tempted to open fire on them and I abhor violence. All those taxes for security funding international investments didn't leave much for my own country. WHY 911 HAPPENED IN THE FIRST PLACE.
Thanks for the opportunity to rant, ahhhh that feels better.
Jamie Dimon (JPM) challenges Bernanke after today's speech: "Has anyone bothered to study the cumulative effect of all these [regulations]" - that it could be the reason it's taking so long for credit and jobs to come back? Bernanke essentially says no: "it's just too complicated. We don't have quantitative tools to do that... There is going to be some trade-off here." [View news story]
The other debt of spending beyond means and current bank bonusing ia $5T.
Sorry gentleman you need a "time out". Right idea Chairman Bernanke to evolve and bring Democracy to Central Banking but your out of time. Should have given the finger to your mentor Alan Greenspan sooner.
The point was made clear in today's warning from Moody's and should not be missed: There's no such thing as a "technical default." If the U.S. doesn't resolve its debt ceiling game of chicken soon, it will mean "default," plain and simple, with a downgrade to follow. [View news story]
China/Russo alliance and the EU can now be considered direct competition at this point.
Encouraging competition and restucturing American monetary system and calculating TRUE debts to bondholders and sufficient haircuts should come on American people's terms in 2013.
If as a bonholder you were not sophisticated enough to bail after having the majority of holdings made whole on the taxpayers dime you're likely to be burned one way or the other by a sovereign be it America or the other two empires.
Bring the troops home to guard our borders while we become largely energy independent, restart manufacturing and let the EU and Russo/China alliance duke it out for King of the Hill.
Monetary union without political union is an absolute failure. Always was and in our lifetimes, always will be. For bankers its either exit gracefully or face charges of sedition and treason, they just don't know this yet so are out busy raping maids pretending to be gods. Maybe they have a special temple to Dionysis.
Too strong a plan for you USA First? Then be prepared for the United States to become the next Mexico where wealthy individuals live in gated communities with heavily armed guards to prevent kidnapping of family members but where clever criminal networks find a way...
The New Yorker's James Surowiecki laments the political "demonization" of Elizabeth Warren and the Consumer Financial Protection Bureau: "It’s profoundly misguided, because Warren is far from the anti-capitalist radical that her critics (and some of her supporters) suppose. Indeed, an empowered CFPB could actually be a boon to business." [View news story]
2013 Fed Charter coming up for renewal. Not reigning in your boys means you will be out of America. Foreign rentiers attemping to destroy America's sovereignty is treason. It's like the cheater in the movie Casino. You can walk out intact with previous ill gotten gains or attempt to continue the Ponzi. Watch the clip yoursleves Jack-asses.
Deflation is still the greatest threat to the economy, Mish Shedlock says, with QE2 merely reflating financial assets and pumping up commodity prices, most of which will "plunge" in the coming months. Shedlock sees gold as a beneficiary of deflation driven by debt de-leveraging, which he thinks will accelerate as the global economy grinds to a halt. [View news story]
The criticism: Mish won't let go of the Prechter version of deflation on this depression. Of course deflation will come eventually but if he didn't call the W (such as a Bob Doll or Rhoubini) in 2008 and within a quarter of when and why Mish's analysis was way off. Mine was dead on if you wish to conduct a search my screen name and W here at SA.
I believe his mistake as a Jr. Economist was not considering historic CB temporary response to debt saturation. That creates a W pattern going back to charting almost two hundred years.
Case Shiller: The Housing Double Dip Is Official [View article]
I'll wait to buy long into RE and equities in 2013 which is when housing will have bottomed and a tepid but sustainable bull market will form.
I have said this since Q4 of 2008 and will stick to this forecast. The wild card of risk to this forecast will be the M.E. in 2013. Regional conflict is quite possible this year. Best of luck gentlemen.
Case Shiller: The Housing Double Dip Is Official [View article]
As an investor, I know at times I can be a bit hard-nosed myself so I have reserved criticism in the past but this comment went a bit too far for my taste to say nothing.
Thumbs down does provide contrarian indicators. What is up with every tech voting system now only having a "Like" feature. I don't want a smiley face all the time in our markets or government, it discourages refinement and retards evolution which only snaps back later causing far more pain. To everything there is a season...
Case Shiller: The Housing Double Dip Is Official [View article]
Who are you anyways? Alan Greenspan in 2004 stating that nobody by PhD's at the Central Bank system can discuss economics?
Do a search for my name and W. Starting in Q4 of 2008 I forecasted the W shape depression TO THE T AND I DON'T EVEN HAVE A PhD. seekingalpha.com/searc...
Storing the nations wealth in Hong Kong and U.S. Equities with no Plan B if the Chinese pull a bait and switch is not exactly what I call brilliant EconDoc.
Hey Seeking Alpha, what happened to thumbs down?