wcrxlp editorial collective's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/198901/comments http://seekingalpha.com/article/162278-inflation-scorecard-is-reflation-upon-us?source=feed#comment-801210 801210

On Sep 19 02:12 PM wcrxlp editorial collective wrote:

> Laura Frank's Bexley CPI is an accurate picture of retail prices
> in Bexley. For sure, the BLS numbers are not an accurate measure
> of retail prices in Bexley.
>
> Laura's report informs local shoppers about price changes in a real
> (Bexley) market place.
>
> There is no relationship between what the BLS reports and what Bexley
> shoppers actually experience. Laura's report deals with reality,
> not with statistical fictions.]]> Fri, 11 Dec 2009 08:16:58 -0500

On Sep 19 02:12 PM wcrxlp editorial collective wrote:

> Laura Frank's Bexley CPI is an accurate picture of retail prices
> in Bexley. For sure, the BLS numbers are not an accurate measure
> of retail prices in Bexley.
>
> Laura's report informs local shoppers about price changes in a real
> (Bexley) market place.
>
> There is no relationship between what the BLS reports and what Bexley
> shoppers actually experience. Laura's report deals with reality,
> not with statistical fictions.]]> http://seekingalpha.com/article/165749-bernanke-s-exit-strategy-not-likely-any-time-soon?source=feed#comment-711520 711520
What?

Ben Bernanke is a June Taylor dancer compared to past Fed chairmen.

"My colleagues at the Federal Researve and I believe that accommodative policies..." This is unambiguous?

"Will likely be warranted..." No wiggle there.

"For an extended period of time." You can bank on that.

Mark your calendars with that deadline.]]> Sat, 10 Oct 2009 08:36:03 -0400
What?

Ben Bernanke is a June Taylor dancer compared to past Fed chairmen.

"My colleagues at the Federal Researve and I believe that accommodative policies..." This is unambiguous?

"Will likely be warranted..." No wiggle there.

"For an extended period of time." You can bank on that.

Mark your calendars with that deadline.]]> http://seekingalpha.com/article/162278-inflation-scorecard-is-reflation-upon-us?source=feed#comment-683575 683575
Laura's report informs local shoppers about price changes in a real (Bexley) market place.

There is no relationship between what the BLS reports and what Bexley shoppers actually experience. Laura's report deals with reality, not with statistical fictions.


On Sep 19 10:10 AM The Recusant wrote:

> Bexley, Ohio happens to be one of the most wealthy communities in
> Ohio located on the southwestern edge of Columbus. The CPI coming
> from Bexley is not done statistically correct in covering all the
> areas that the national CPI contains and is not an average of prices
> found in an average Ohio or national community. It is only an indicator
> of Bexley's local prices. Although the US Bureau of Labor Statistics'
> CPI is unlikely to show the actual inflation rate in the nation,
> the Bexley CPI would be even less accurate as an indicator of inflation.]]> Sat, 19 Sep 2009 14:12:56 -0400
Laura's report informs local shoppers about price changes in a real (Bexley) market place.

There is no relationship between what the BLS reports and what Bexley shoppers actually experience. Laura's report deals with reality, not with statistical fictions.


On Sep 19 10:10 AM The Recusant wrote:

> Bexley, Ohio happens to be one of the most wealthy communities in
> Ohio located on the southwestern edge of Columbus. The CPI coming
> from Bexley is not done statistically correct in covering all the
> areas that the national CPI contains and is not an average of prices
> found in an average Ohio or national community. It is only an indicator
> of Bexley's local prices. Although the US Bureau of Labor Statistics'
> CPI is unlikely to show the actual inflation rate in the nation,
> the Bexley CPI would be even less accurate as an indicator of inflation.]]> http://seekingalpha.com/article/162278-inflation-scorecard-is-reflation-upon-us?source=feed#comment-683318 683318 OH) CPI reports a 14% retail price increase for 3rd Quarter, 2009.

Her report covers retail prices in a small Ohio municipality.

agentofcurrency.blogsp... ]]> Sat, 19 Sep 2009 08:32:07 -0400 OH) CPI reports a 14% retail price increase for 3rd Quarter, 2009.

Her report covers retail prices in a small Ohio municipality.

agentofcurrency.blogsp... ]]> http://seekingalpha.com/article/161244-there-are-no-good-choices-for-the-fed?source=feed#comment-674312 674312
Compared to Congress, the Fed is transparent. Fed data is fairly descriptive of the part of the picture that the Fed is interested in.

To learn what Congress will do is impossible.

Learning what Congress has already done is the deeper mystery. The amount of money taken, directed, re-directed, forgotten and lost by that deliberative body is incalculable.

For portfolio structure and allocation, Laura Frank's Bexley CPI has more useful data than anything the Congressional Budget Office publishes.

I'm curious about what data and information sources Mr. Mauldin uses for figuring out what Congress will do.

Nonetheless, Mr. Mauldin series of articles is very helpful.]]> Sun, 13 Sep 2009 10:27:58 -0400
Compared to Congress, the Fed is transparent. Fed data is fairly descriptive of the part of the picture that the Fed is interested in.

To learn what Congress will do is impossible.

Learning what Congress has already done is the deeper mystery. The amount of money taken, directed, re-directed, forgotten and lost by that deliberative body is incalculable.

For portfolio structure and allocation, Laura Frank's Bexley CPI has more useful data than anything the Congressional Budget Office publishes.

I'm curious about what data and information sources Mr. Mauldin uses for figuring out what Congress will do.

Nonetheless, Mr. Mauldin series of articles is very helpful.]]> http://seekingalpha.com/article/157655-is-it-a-stock-market-rally-or-a-dollar-devaluation?source=feed#comment-641706 641706
The only area of the globe that needs US products and services is Asia. The S&P is just anticipating Asian demand responding to a cheaper US dollar.

As ancient Baby Boomers delay retirement to keep working, and Boomer progeny try to enter the work force, there will be more downward pressure on US wages.

Congress will continue putting downward pressure on US salaries.

Even the prices for US design, engineering, production, logistics, marketing, financial and professional services are becoming competitive.

When the dust settle, the US will be almost able to compete on labor costs with China.

The downward pressure on US wages and salaries will reduce federal tax receipts which will worry China even more.

I’d like to see a David Goldman chart showing the comparable correlation between the Euro and the S&P.]]> Sun, 23 Aug 2009 10:07:04 -0400
The only area of the globe that needs US products and services is Asia. The S&P is just anticipating Asian demand responding to a cheaper US dollar.

As ancient Baby Boomers delay retirement to keep working, and Boomer progeny try to enter the work force, there will be more downward pressure on US wages.

Congress will continue putting downward pressure on US salaries.

Even the prices for US design, engineering, production, logistics, marketing, financial and professional services are becoming competitive.

When the dust settle, the US will be almost able to compete on labor costs with China.

The downward pressure on US wages and salaries will reduce federal tax receipts which will worry China even more.

I’d like to see a David Goldman chart showing the comparable correlation between the Euro and the S&P.]]> http://seekingalpha.com/article/145661-treasuries-a-very-bearish-development?source=feed#comment-564963 564963 Sat, 27 Jun 2009 13:22:44 -0400 http://seekingalpha.com/article/129391-obama-s-big-win-at-g20-europeans-lose-control-of-imf?source=feed#comment-451861 451861
Check the IMF website: imf.org

Wade through the IMF declarations about transparency.

At some point you'll find the IMF financial statements. They really are there.

Read and understand the IMF financial statements.

If you don't have the time, just look at the IMF general department "assets."

At the top of the list of assets, instead of "cash" you'll see "currencies" which is subcategorized with such enticing labels as "usable currencies" and "other currencies."

Not "cash." Then you'll wonder why "currencies" and not "cash."

Then you'll be reassured when you see "gold" listed as an asset.

But then you realize "gold" is only a small percentage of the assets that are "currencies" (2%). But then again, "gold" is an important asset based on its relative size to the non-currency assets (30%) at the IMF.

"Investments" are also listed as a general asset class. No detail is given in the footnotes other than the reassurance for readers that what are probably government bonds do not include "asset-backed securities."

Vuke described the IMF as a shell. He's probably right but the amount of gold on the IMF balance sheet qualifies the IMF as very expensive tortoise shell.]]> Sat, 04 Apr 2009 16:03:45 -0400
Check the IMF website: imf.org

Wade through the IMF declarations about transparency.

At some point you'll find the IMF financial statements. They really are there.

Read and understand the IMF financial statements.

If you don't have the time, just look at the IMF general department "assets."

At the top of the list of assets, instead of "cash" you'll see "currencies" which is subcategorized with such enticing labels as "usable currencies" and "other currencies."

Not "cash." Then you'll wonder why "currencies" and not "cash."

Then you'll be reassured when you see "gold" listed as an asset.

But then you realize "gold" is only a small percentage of the assets that are "currencies" (2%). But then again, "gold" is an important asset based on its relative size to the non-currency assets (30%) at the IMF.

"Investments" are also listed as a general asset class. No detail is given in the footnotes other than the reassurance for readers that what are probably government bonds do not include "asset-backed securities."

Vuke described the IMF as a shell. He's probably right but the amount of gold on the IMF balance sheet qualifies the IMF as very expensive tortoise shell.]]> http://seekingalpha.com/article/120665-proposed-solution-for-toxic-assets-plaguing-banks?source=feed#comment-389047 389047
"Break the contracts, evaluate, sell, ban."

But why restrict community banks to the toxic assets?

If the community banks buy the poisoned-apples, why not let the community banks also cherry-pick some of the good assets held by the loser banks.


]]> Sun, 15 Feb 2009 08:38:26 -0500
"Break the contracts, evaluate, sell, ban."

But why restrict community banks to the toxic assets?

If the community banks buy the poisoned-apples, why not let the community banks also cherry-pick some of the good assets held by the loser banks.


]]> http://seekingalpha.com/article/120596-how-the-crash-will-reshape-america?source=feed#comment-388326 388326
Florida's actual words "Sun-belt fake cities, like Phoenix and Las Vegas, will pay the price for their nonsensical existence."

I prefer thinking about the fake finance that built these cities. Too many really smart people trying to make a lotta money on the same pieces of paper.

Is anybody really surprised that the really smart people produced paper that had no relationship to reality?

Indecipherable paper that was bought and sold by really smart people.

God preserve us all from the nonsense created by the Meritocracy.

]]> Sat, 14 Feb 2009 09:16:58 -0500
Florida's actual words "Sun-belt fake cities, like Phoenix and Las Vegas, will pay the price for their nonsensical existence."

I prefer thinking about the fake finance that built these cities. Too many really smart people trying to make a lotta money on the same pieces of paper.

Is anybody really surprised that the really smart people produced paper that had no relationship to reality?

Indecipherable paper that was bought and sold by really smart people.

God preserve us all from the nonsense created by the Meritocracy.

]]> http://seekingalpha.com/article/112435-resuscitating-keynes-oh-no-not-again?source=feed#comment-340381 340381
Simple solutions that work briefly and then cause larger, different problems.

Wolf thinks that people will submit to his will. And then his diktats will make everything okay and the people will be happy.

I shiver thinking what my life will be under his commands.

]]> Mon, 29 Dec 2008 09:41:59 -0500
Simple solutions that work briefly and then cause larger, different problems.

Wolf thinks that people will submit to his will. And then his diktats will make everything okay and the people will be happy.

I shiver thinking what my life will be under his commands.

]]> http://seekingalpha.com/article/112354-the-economic-meltdown-dismantling-yes-doom-no?source=feed#comment-339270 339270
A quote from Lenin. How preposterous. How out of date.

For that mass murderer to call the Romanovs a "filthy blood-stained cart" is like the "pot calling the kettle black."

WWI accelerating something? The “great accelerator?”

Think of the political and economic impact of that war.

16 million deaths and 21 million wounded.

We are supposed to believe that amount of carnage accelerated something?

The war depopulated Europe and the US of young men. It killed native young men who were conscripted from the colonial empires.

Surely WWI accelerated the growth of sorrow but a depopulation on that scale did not accelerate economic behavior.

Nor did sorrow on that scale accelerate any political behavior.

Sometimes I think the Roaring Twenties were just an attempt to numb the emotional pain of WWI.

Think of the WWI reparation payments. And we should believe that reparations were part of a historic acceleration of something. The debt burden of the reparation demands did not accelerate anything.

And consider the rise of authoritarian governments in Europe, North America and South America. Those governments accelerated what exactly?

The march into the Great Depression perhaps?

Lenin is discredited. Reasoning from his thoughts gets us nowhere.

I'm tempted to mention the "ash can of history." But that is too obvious and Mr. Karbasfrooshan might take it personally.

]]> Sat, 27 Dec 2008 10:56:57 -0500
A quote from Lenin. How preposterous. How out of date.

For that mass murderer to call the Romanovs a "filthy blood-stained cart" is like the "pot calling the kettle black."

WWI accelerating something? The “great accelerator?”

Think of the political and economic impact of that war.

16 million deaths and 21 million wounded.

We are supposed to believe that amount of carnage accelerated something?

The war depopulated Europe and the US of young men. It killed native young men who were conscripted from the colonial empires.

Surely WWI accelerated the growth of sorrow but a depopulation on that scale did not accelerate economic behavior.

Nor did sorrow on that scale accelerate any political behavior.

Sometimes I think the Roaring Twenties were just an attempt to numb the emotional pain of WWI.

Think of the WWI reparation payments. And we should believe that reparations were part of a historic acceleration of something. The debt burden of the reparation demands did not accelerate anything.

And consider the rise of authoritarian governments in Europe, North America and South America. Those governments accelerated what exactly?

The march into the Great Depression perhaps?

Lenin is discredited. Reasoning from his thoughts gets us nowhere.

I'm tempted to mention the "ash can of history." But that is too obvious and Mr. Karbasfrooshan might take it personally.

]]> http://seekingalpha.com/article/103068-historic-volatility-and-concentration-of-stock-ownership?source=feed#comment-294957 294957 Fri, 31 Oct 2008 08:30:31 -0400 http://seekingalpha.com/article/97348-how-to-spend-700b-and-actually-solve-the-problem?source=feed#comment-266320 266320
When Wall Street absorbs the $700 billion, Main Street banks will pay dearly to maintain their capital ratios.

It makes more sense to distribute the $700 billion to American community banks so they can lend for local transactions or use it to recapitalize Wall Street.]]> Fri, 26 Sep 2008 16:07:48 -0400
When Wall Street absorbs the $700 billion, Main Street banks will pay dearly to maintain their capital ratios.

It makes more sense to distribute the $700 billion to American community banks so they can lend for local transactions or use it to recapitalize Wall Street.]]> http://seekingalpha.com/article/97358-what-s-wrong-with-the-trickle-down-bailout?source=feed#comment-266319 266319
When Wall Street absorbs the $700 billion, Main Street banks will pay dearly to maintain their capital ratios.

It makes more sense to distribute the $700 billion to American community banks so they can lend for local transactions or use it to recapitalize Wall Street.]]> Fri, 26 Sep 2008 16:06:46 -0400
When Wall Street absorbs the $700 billion, Main Street banks will pay dearly to maintain their capital ratios.

It makes more sense to distribute the $700 billion to American community banks so they can lend for local transactions or use it to recapitalize Wall Street.]]> http://seekingalpha.com/article/97381-congress-please-don-t-rush-the-bailout-plan?source=feed#comment-266318 266318
When Wall Street absorbs the $700 billion, Main Street banks will pay dearly to maintain their capital ratios.

It makes more sense to distribute the $700 billion to American community banks so they can lend for local transactions or use it to recapitalize Wall Street.]]> Fri, 26 Sep 2008 16:06:14 -0400
When Wall Street absorbs the $700 billion, Main Street banks will pay dearly to maintain their capital ratios.

It makes more sense to distribute the $700 billion to American community banks so they can lend for local transactions or use it to recapitalize Wall Street.]]> http://seekingalpha.com/article/97412-is-the-700-billion-really-for-bailing-out-the-fed?source=feed#comment-266317 266317
When Wall Street absorbs the $700 billion, Main Street banks will pay dearly to maintain their capital ratios.

It makes more sense to distribute the $700 billion to American community banks so they can lend for local transactions or use it to recapitalize Wall Street.]]> Fri, 26 Sep 2008 16:05:40 -0400
When Wall Street absorbs the $700 billion, Main Street banks will pay dearly to maintain their capital ratios.

It makes more sense to distribute the $700 billion to American community banks so they can lend for local transactions or use it to recapitalize Wall Street.]]> http://seekingalpha.com/article/97489-a-better-bailout?source=feed#comment-266314 266314
When Wall Street absorbs the $700 billion, Main Street banks will pay dearly to maintain their capital ratios.

It makes more sense to distribute the $700 billion to American community banks so they can lend for local transactions or use it to recapitalize Wall Street.]]> Fri, 26 Sep 2008 16:03:30 -0400
When Wall Street absorbs the $700 billion, Main Street banks will pay dearly to maintain their capital ratios.

It makes more sense to distribute the $700 billion to American community banks so they can lend for local transactions or use it to recapitalize Wall Street.]]> http://seekingalpha.com/article/97226-an-alternative-to-the-bailout?source=feed#comment-265354 265354
When Wall Street absorbs the $700 billion, Main Street banks will pay dearly to maintain their capital ratios.

It makes more sense to distribute the $700 billion to American community banks so they can lend for local transactions or the local banks can use it to recapitalize Wall Street. ]]> Thu, 25 Sep 2008 20:15:04 -0400
When Wall Street absorbs the $700 billion, Main Street banks will pay dearly to maintain their capital ratios.

It makes more sense to distribute the $700 billion to American community banks so they can lend for local transactions or the local banks can use it to recapitalize Wall Street. ]]> http://seekingalpha.com/article/97307-profiting-from-the-700-billion-bailout?source=feed#comment-265351 265351
When Wall Street absorbs the $700 billion, Main Street banks will pay dearly to maintain their capital ratios.

It makes more sense to distribute the $700 billion to American community banks so they can lend for local transactions or the local banks can use it to recapitalize Wall Street. ]]> Thu, 25 Sep 2008 20:13:18 -0400
When Wall Street absorbs the $700 billion, Main Street banks will pay dearly to maintain their capital ratios.

It makes more sense to distribute the $700 billion to American community banks so they can lend for local transactions or the local banks can use it to recapitalize Wall Street. ]]> http://seekingalpha.com/article/97335-pimco-s-bill-gross-bailout-plan-benefits-main-street?source=feed#comment-265350 265350
When Wall Street absorbs the $700 billion, Main Street banks will pay dearly to maintain their capital ratios.

It makes more sense to distribute the $700 billion to American community banks so they can lend for local transactions or use it to recapitalize Wall Street.]]> Thu, 25 Sep 2008 20:10:09 -0400
When Wall Street absorbs the $700 billion, Main Street banks will pay dearly to maintain their capital ratios.

It makes more sense to distribute the $700 billion to American community banks so they can lend for local transactions or use it to recapitalize Wall Street.]]> http://seekingalpha.com/article/97338-re-invigorate-main-street-instead-of-bailing-out-wall-street?source=feed#comment-265348 265348
When Wall Street absorbs the $700 billion, Main Street banks will pay dearly to maintain their capital ratios.

It makes more sense to distribute the $700 billion to American community banks so they can lend for local transactions or use it to recapitalize Wall Street.


]]> Thu, 25 Sep 2008 20:07:00 -0400
When Wall Street absorbs the $700 billion, Main Street banks will pay dearly to maintain their capital ratios.

It makes more sense to distribute the $700 billion to American community banks so they can lend for local transactions or use it to recapitalize Wall Street.


]]> http://seekingalpha.com/article/94070-bill-gross-compares-pimco-to-swfs-and-central-banks?source=feed#comment-246135 246135
He scratched out the word "food" and added "cash." His sign now reads "Will work for cash."

]]> Fri, 05 Sep 2008 09:40:58 -0400
He scratched out the word "food" and added "cash." His sign now reads "Will work for cash."

]]> http://seekingalpha.com/article/89955-wake-up-america-youre-sinking?source=feed#comment-225872 225872
The borders are not open to create taxpayers; the borders are gaping because the illegals borrow money from payday lenders and finance companies to buy used cars and derelict houses.

Finance capitalism needs a constantly expanding population of borrowers and the illegals are the best available fresh supply.

The constant need for new debtors is the principal that explains why banks were early supporters of feminism, and like the open borders.

Before the illegals came on the scene, the banks wanted women employed so the women could borrow money. This expansion of the roll of debtors with women explains much of the prosperity of the last thirty years.

What is amazing about the bubble(s) is that the financial damage is being suffered by sophisticated investors, financiers and financial institutions.

Abandoning old-fashion prudent lending standards and prudent investment judgment, then putting capital on the line to buy into the imaginings of the best and the brightest, has predictable expensive results.

It’s a rich man’s financial depression. For blue collar workers, its just the usual job insecurity from a new and different set of ugly government policies and irresponsible business strategies.

The health care finance system is actually deflating. The salaries that female physicians are accepting from institutions are significantly less than was common when medicine was a male-dominated profession.

Look at the physician salary data when controlled for gender and you’ll see how HCFA planned to finance health care shortfalls first out of the purses of female physicians. And using those lower salaries to drive hard bargains with the more expensive males.

Male physicians haven’t really comprehended the downward pricing pressure that their female colleagues bring to the healthcare finance equation.

Hedge funds. Roskoph is right. Hoist by their petard.

]]> Fri, 08 Aug 2008 09:05:27 -0400
The borders are not open to create taxpayers; the borders are gaping because the illegals borrow money from payday lenders and finance companies to buy used cars and derelict houses.

Finance capitalism needs a constantly expanding population of borrowers and the illegals are the best available fresh supply.

The constant need for new debtors is the principal that explains why banks were early supporters of feminism, and like the open borders.

Before the illegals came on the scene, the banks wanted women employed so the women could borrow money. This expansion of the roll of debtors with women explains much of the prosperity of the last thirty years.

What is amazing about the bubble(s) is that the financial damage is being suffered by sophisticated investors, financiers and financial institutions.

Abandoning old-fashion prudent lending standards and prudent investment judgment, then putting capital on the line to buy into the imaginings of the best and the brightest, has predictable expensive results.

It’s a rich man’s financial depression. For blue collar workers, its just the usual job insecurity from a new and different set of ugly government policies and irresponsible business strategies.

The health care finance system is actually deflating. The salaries that female physicians are accepting from institutions are significantly less than was common when medicine was a male-dominated profession.

Look at the physician salary data when controlled for gender and you’ll see how HCFA planned to finance health care shortfalls first out of the purses of female physicians. And using those lower salaries to drive hard bargains with the more expensive males.

Male physicians haven’t really comprehended the downward pricing pressure that their female colleagues bring to the healthcare finance equation.

Hedge funds. Roskoph is right. Hoist by their petard.

]]> http://seekingalpha.com/article/82615-strategies-for-surviving-stagflation-in-the-u-s-and-asia?source=feed#comment-193082 193082
Asset values have been collapsing at financial institutions.

The response for the banks is to try to attract additional capital at deflationary values.

Insurance companies too, but with a twist.

Portfolio asset values have suffered which limits premium writings.

Policy limits are lowering gradually, which is also deflationary.]]> Thu, 26 Jun 2008 07:59:38 -0400
Asset values have been collapsing at financial institutions.

The response for the banks is to try to attract additional capital at deflationary values.

Insurance companies too, but with a twist.

Portfolio asset values have suffered which limits premium writings.

Policy limits are lowering gradually, which is also deflationary.]]> http://seekingalpha.com/article/46106-w-holding-company-worth-a-look?source=feed#comment-172921 172921
Whether the interest is from institutions in the Mideast or Europe, it is overdue in materializing.

The bank's damaged assets are particularly attractive if re-priced in Euros.

Think AXA. Ignore UBS.

The WCRX-LP editorial collective]]> Fri, 23 May 2008 17:30:11 -0400
Whether the interest is from institutions in the Mideast or Europe, it is overdue in materializing.

The bank's damaged assets are particularly attractive if re-priced in Euros.

Think AXA. Ignore UBS.

The WCRX-LP editorial collective]]>