Dear Paul Krugman: You Do Not Understand Modern Monetary Theory [View article]
The MMTers, PHDers, Federal Reserve bankers, and the political spinners can discuss, debate, argue, criticize and insult each other to their hearts content, but there is one part of economic theory that they continue to ignore.... Faith. The Federal Reserve and the monetary system is based on faith and the people are losing that faith. They are beginning to realize that the Federal Reserve is just one huge ponzi scheme. Even Bernie Madoff believes it's a ponzi scheme.
A Sober Wake-Up Call The Morning After [View article]
I see no indication that there is any desire or ability to compromise from either side.
The reality is that I now live in a socialist state, and I will now be forced to protect myself and my family from the forced redistribution of my wealth.
Welcome to the United Socialist States of America!
Wall Street Breakfast: Sony Doubles Projected Net Loss [View article]
We don't need another government agency "protecting" us from borrowing. Let's not forget that it was the government that forced the banks to loan to people that couldn't afford to pay the mortgage in the first place.
Borrowing should be a private contract between the lender and the borrower with both sides sharing appropriate risk. The governments role should be to assure contractual compliance and fraud protection.
The lack of personal responsibility IS the result of a nanny state.
Wall Street Breakfast: Must-Know News [View article]
It's a flood zone because for at least the last 100 years the area has been flooding. It has nothing to do with voodoo global warming.
If you want to build in a flood zone you should be required to buy private flood insurance that does NOT require the tax payer to pay you to rebuild over and over and over again.
Wall Street Breakfast: Must-Know News [View article]
The almost perverse interest in the NFL officials by all of the media, candidates, water cooler, etc is comparable to the Romans using the coliseum to distract the people while the empire crashed.
I call it the "6 pack of beer and my football game" syndrome. As long as the populous has their beverage and entertainment they're content and happy.
Shadow Housing Inventory Still Looming [View article]
bbro, That's the dilemma isn't it. If Banks are forced to show their losses immediately they would probably all be insolvent and by allowing them time to show only the amount of losses that they can safely absorb they have a chance to work through the crisis. Conversely, by allowing them to only push through an amount of loss that is acceptable to them, it prolongs the crisis for the rest of the economy.
If the number of new foreclosures were zero then the banks philosophy of "delay and heal" would be great, but there not. The banks need an incentive to move their toxic inventory through the system at a much higher rate than they currently are.
Wall Street Breakfast: Must-Know News [View article]
Amazing that everyone in the Administration whether it's Benghazi, IRS or AP is uninformed, not involved, didn't make the decision, only heard about it in the news, can't talk because it's an on going legal case, or recused themselves.
Sounds more and more like the early stage of Nixon and Watergate.
Wall Street Breakfast: Must-Know News [View article]
Holder said that he would produce "some" of the documents but insisted that congress agree to permanently drop contempt charges prior to showing the documents to congress. Can we say arrogant!
Fast and Furious is worse than Watergate! No one died with Watergate. There are estimates that as many as a thousand Mexicans have been murdered with the guns that DOJ let walk across the border + the American border guard Brian Terry.
Wall Street Breakfast: Must-Know News [View article]
I found the timing of the prostrate announcement, which was massive and global, very interesting.
He owes millions in back taxes. The Buffett rule just failed. There are demands that he release both his and his secretaries tax returns. (She is reportedly making 6 figures). The investigation of Buffett illegally profiting from the cancellation of the Keystone pipeline with the help of Nebraska Senator Nelson. Think Burlington Railroad!!
Dear Paul Krugman: You Do Not Understand Modern Monetary Theory [View article]
A Sober Wake-Up Call The Morning After [View article]
The reality is that I now live in a socialist state, and I will now be forced to protect myself and my family from the forced redistribution of my wealth.
Welcome to the United Socialist States of America!
Why the Recession Ended [View article]
Housing has been in collapse for 4 years. If this were a "recession" it would have been over in 18 months or so.
Wall Street Breakfast: Must-Know News [View article]
Another example why Zillow is a joke. You can't put a value on a national treasure. Zillow's data is consistently inaccurate and out of date.
Wall Street Breakfast: Must-Know News [View article]
Those that like a big government with entitlements that someone else has to pay for are outraged.
Those that are tired of paying for someone else's lifestyle are in full support.
Wall Street Breakfast: Sony Doubles Projected Net Loss [View article]
Borrowing should be a private contract between the lender and the borrower with both sides sharing appropriate risk. The governments role should be to assure contractual compliance and fraud protection.
The lack of personal responsibility IS the result of a nanny state.
Wall Street Breakfast: Must-Know News [View article]
If you want to build in a flood zone you should be required to buy private flood insurance that does NOT require the tax payer to pay you to rebuild over and over and over again.
Wall Street Breakfast: Must-Know News [View article]
I call it the "6 pack of beer and my football game" syndrome. As long as the populous has their beverage and entertainment they're content and happy.
Shadow Housing Inventory Still Looming [View article]
If the number of new foreclosures were zero then the banks philosophy of "delay and heal" would be great, but there not. The banks need an incentive to move their toxic inventory through the system at a much higher rate than they currently are.
Wall Street Breakfast: Must-Know News [View article]
Sounds more and more like the early stage of Nixon and Watergate.
Wall Street Breakfast: Must-Know News [View article]
Pension funds should be managed to financially benefit the recipients of the fund and gun stocks have been an extremely good investment.
Wall Street Breakfast: Must-Know News [View article]
When you buy a car for $30K that cost $80K to build it better get high satisfaction ratings.
Considering most of the Volt's are owned by the government the Consumer Reports data might be just a bit skewed!!
Wall Street Breakfast: Must-Know News [View article]
I am beginning to think Bloomberg is delusional.
Wall Street Breakfast: Must-Know News [View article]
Fast and Furious is worse than Watergate! No one died with Watergate. There are estimates that as many as a thousand Mexicans have been murdered with the guns that DOJ let walk across the border + the American border guard Brian Terry.
Wall Street Breakfast: Must-Know News [View article]
He owes millions in back taxes.
The Buffett rule just failed.
There are demands that he release both his and his secretaries tax returns. (She is reportedly making 6 figures).
The investigation of Buffett illegally profiting from the cancellation of the Keystone pipeline with the help of Nebraska Senator Nelson. Think Burlington Railroad!!