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NeedMoreCoffee

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  • S&P Economists And Inequality [View article]
    "What, you think it would be awful to tax thrifty poor people and give it to spendthrift rich people?"

    Delete two words, "poor" and "rich," and you've got ZIRP.
    Aug 11 02:13 AM | 1 Like Like |Link to Comment
  • Are Americans Saving Too Little? [View article]
    "The funds it collects are spent for general Treasury purposes immediately, like any other taxes, with only the government's IOU left in on the SS books 'in return'."

    How many times have I heard this argument? (The implication of which is there's no money in the Social Security Trust Fund.) For as long as I've been alive, U.S. Treasuries have been universally regarded as the world's safest investment. Why, then, do some people think the "IOUs on the SS books" are worthless pieces of paper? They're the same Treasuries owned by banks, insurance companies, pension funds, sovereigns, and other cautious investors seeking the closest thing to absolute safety as exists. I'd rather lend my future Social Security benefits to the U.S. government than to my next door neighbor or a corporation. It can print money; they can't.
    Aug 11 12:19 AM | 1 Like Like |Link to Comment
  • Are Americans Saving Too Little? [View article]
    "It's not about the income, it's all about how you spend it."

    Amen! That's why we have bankrupt doctors and millionaire janitors.
    Aug 11 12:09 AM | 2 Likes Like |Link to Comment
  • Correction Arrived Early For Walgreen - So Now What After Only OK Dividend Hike? [View article]
    I agree with the author. I bought WAG in June 2012 for $30 and sold half my stake in June 2014 for $75, simply because it was overvalued. That wasn't genius on my part; I simply got lucky in selling right at the top. I still hold a reduced position in WAG, and at $60, it's still worth twice what I paid for it 2 years ago, so I have no complaints. I think WAG's price decline was caused by overvaluation, and the Boots and tax inversion announcements were merely a catalyst.
    Aug 10 11:30 PM | Likes Like |Link to Comment
  • Stagnant Labor Market Biggest Threat To The Economy [View article]
    "Look to North Dakota's and Texas's unemployment rates and use those states as a model/starting point."

    North Dakota and Texas have unique employment situations because of the massive oil drilling activity in those states.
    Aug 10 11:03 PM | Likes Like |Link to Comment
  • Stagnant Labor Market Biggest Threat To The Economy [View article]
    What I've read elsewhere is participation is going up among 65+ and the big drop is in the 25-54 cohort.
    Aug 10 10:58 PM | Likes Like |Link to Comment
  • The 'Great Deleveraging' That Never Happened: Why The U.S. Still Has A Debt Problem [View article]
    Corporate borrowing for acquisitions, buybacks, and dividend increases shouldn't be confused with borrowing for plant, equipment, and business expansion. My impression is there's much of the former and not much of the latter.

    The explosion of student debt is attributable, at least in part, to state legislatures spending less of their scarce tax revenues on public universities and colleges, resulting in tuition increases. This is, effectively, a shifting of higher education costs from taxpayers to students. It's not the students' fault.

    In my neck of the woods (Seattle), median home prices have climbed to pre-crisis levels, sellers are getting multiple offers, 44% of sales exceed asking price, and average time on market is 9 days. I wouldn't call that a dead market glutted with albatross houses. Of course, housing markets are local and conditions may differ in other areas.

    The bulking up of federal debt after 2009 is a highly controversial and politically charged issue. When a deep recession hits, one economic ideology calls for fiscal austerity, while another urges deficit spending to stimulate the economy. Arguing about it doesn't seem to change anyone's mind, so why bother to argue about it?
    Aug 10 04:59 PM | Likes Like |Link to Comment
  • CSX Is Dirt Cheap [View article]
    "the most dangerous mistake an investor can make nowadays is to let political cynicism obscure the facts"

    Yeah, I see many comments under SA articles indicating some people are so upset about the "Kenyan Terrorist With A Forged Birth Certificate" winning twice, they can't think straight anymore. You gotta be objective in investing. If your enemies are burning your village, raping your women, and slaughtering your goats, and you can't do anything else about it, then you should figure out how to make a buck from it. Sell them ammunition, or something. If Keystone XL doesn't get built, buy railroad stock.
    Aug 10 04:01 PM | 1 Like Like |Link to Comment
  • Suddenly This Summer: Sell-Off An Omen, Or A Buying Opportunity? [View article]
    "For most of the nation, it's been a mild summer with an absence of real scorchers."

    It's hot where I am. Maybe I died and went to Hell. I can't find my pulse.
    Aug 10 02:52 AM | Likes Like |Link to Comment
  • The Coming Market Crash And The "Trigger" [View article]
    It doesn't bother me to buy stocks from investors forced to sell at any price. I happily did that in March 2009, when I got GE for less than 7 bucks.
    Aug 10 02:43 AM | 1 Like Like |Link to Comment
  • Walgreen: A Special Situation Buy [View article]
    I bought WAG in June 2012 for about $30 and sold half of it in June 2014 for $75. It was an expensive stock at that price, and while the recent plunge has taken off some froth, it's not a bargain at $60. Still, it's a great company, worth a premium, and the way the market is going now it may become available in the mid or low $50s, in which case I may spend my $75-a-share cash proceeds to buy it back.
    Aug 8 04:30 AM | 1 Like Like |Link to Comment
  • Is AbbVie A Long-Term Buy? [View article]
    Every member of Congress is someone who got the most votes, but just try getting anyone to admit voting for them ...
    Aug 7 02:05 AM | 1 Like Like |Link to Comment
  • AbbVie Shareholders Prevail [View article]
    It's my understanding the inversion is a taxable event and AbbVie shareholders subject to U.S. taxes will incur capital gains taxes on their AbbVie stock (unless held in an IRA or other tax sheltered account). Is this correct?
    Aug 1 01:52 PM | Likes Like |Link to Comment
  • Buy McDonald's Before This Storm Subsides [View article]
    I don't recall anyone ever claiming that.
    Jul 29 03:20 PM | 1 Like Like |Link to Comment
  • Buy McDonald's Before This Storm Subsides [View article]
    I agree it's hard to make price increases stick in this economy. For example, I see packaged foods at the supermarket go up in price, then go "on sale" at something like the old price -- breakfast cereals are a good example. But it's temporary difficulties pushing down stock prices that create buying opportunities for long-term investors. MCD is a dividend growth stock for the long-term, and I'm considering adding more shares to my position at this point.
    Jul 28 06:13 PM | 2 Likes Like |Link to Comment
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