JCCIII's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/205688/comments http://seekingalpha.com/article/177735-sugar-etf-soars-on-supply-worries?source=feed#comment-801691 801691 Fri, 11 Dec 2009 11:42:43 -0500 http://seekingalpha.com/article/177767-wall-street-breakfast-must-know-news?source=feed#comment-801364 801364 Fri, 11 Dec 2009 09:31:16 -0500 http://seekingalpha.com/article/177530-wall-street-breakfast-must-know-news?source=feed#comment-799543 799543 Thu, 10 Dec 2009 08:52:06 -0500 http://seekingalpha.com/article/177315-wall-street-breakfast-must-know-news?source=feed#comment-797704 797704
Quote from the summarized FT article: "Republicans condemned what they described as a misuse of funds from the troubled asset relief programme , the early repayment of which has given Mr Obama space for new stimulus measures without adding to the deficit. 'This violates both current law and the pledge we made that every dollar we got back would be returned to the taxpayer to reduce the national debt,' said Mitch McConnell, the Republican Senate leader."

Violating the law and pledges previously made are not things that seem to bother the current rulers in Washington, DC. Pumping other people's money, or just printed up money, timed to maximize its desired effect on the Nov 2010 elections are what's important.]]> Wed, 09 Dec 2009 08:30:53 -0500
Quote from the summarized FT article: "Republicans condemned what they described as a misuse of funds from the troubled asset relief programme , the early repayment of which has given Mr Obama space for new stimulus measures without adding to the deficit. 'This violates both current law and the pledge we made that every dollar we got back would be returned to the taxpayer to reduce the national debt,' said Mitch McConnell, the Republican Senate leader."

Violating the law and pledges previously made are not things that seem to bother the current rulers in Washington, DC. Pumping other people's money, or just printed up money, timed to maximize its desired effect on the Nov 2010 elections are what's important.]]> http://seekingalpha.com/article/176853-wall-street-breakfast-must-know-news?source=feed#comment-794058 794058
Obama may also hit resistance when he goes back and reads the TARP legislation, which does not allow for using TARP funds in the manner he desires. Of course, the rule of law did not slow him down during the Chrysler and GM bankruptcy proceeding, did it?]]> Mon, 07 Dec 2009 09:33:35 -0500
Obama may also hit resistance when he goes back and reads the TARP legislation, which does not allow for using TARP funds in the manner he desires. Of course, the rule of law did not slow him down during the Chrysler and GM bankruptcy proceeding, did it?]]> http://seekingalpha.com/article/176570-wall-street-breakfast-must-know-news?source=feed#comment-790187 790187
"House Speaker Nancy Pelosi suggested recycling leftover funds from the $700B TARP fund to create jobs and boost some salaries." Why boost salaries, as we now live in a world of no inflation and 0% increases for Social Security?

"Interim GM Chairman Ed Whitacre will announce new responsibilities for Vice Chairman Bob Lutz as part of an overhaul of the management team this morning, sources say. Whitacre is building a team to run the company until a replacement is hired, in a push to make GM more nimble and to hold employees accountable." Wonder if any of the employees who will be held accountable are UAW members. And, aren't employees already accountable for what they do?]]> Fri, 04 Dec 2009 09:55:44 -0500
"House Speaker Nancy Pelosi suggested recycling leftover funds from the $700B TARP fund to create jobs and boost some salaries." Why boost salaries, as we now live in a world of no inflation and 0% increases for Social Security?

"Interim GM Chairman Ed Whitacre will announce new responsibilities for Vice Chairman Bob Lutz as part of an overhaul of the management team this morning, sources say. Whitacre is building a team to run the company until a replacement is hired, in a push to make GM more nimble and to hold employees accountable." Wonder if any of the employees who will be held accountable are UAW members. And, aren't employees already accountable for what they do?]]> http://seekingalpha.com/article/173517-wall-street-breakfast-must-know-news?source=feed#comment-761918 761918
"A potential catch: the carmaker plans to use other money from the government to repay the borrowing."

This is exactly how the US government pays off bonds; sell new bonds to pay off the old. I am sure Mr Ponzi is rolling over in his grave and Mr Madoff is wondering "Why am I in jail?"]]> Mon, 16 Nov 2009 09:49:07 -0500
"A potential catch: the carmaker plans to use other money from the government to repay the borrowing."

This is exactly how the US government pays off bonds; sell new bonds to pay off the old. I am sure Mr Ponzi is rolling over in his grave and Mr Madoff is wondering "Why am I in jail?"]]> http://seekingalpha.com/article/170518-wall-street-breakfast-must-know-news?source=feed#comment-740133 740133 Mon, 02 Nov 2009 09:17:13 -0500 http://seekingalpha.com/article/169423-wall-street-breakfast-must-know-news?source=feed#comment-733816 733816
Call me a skeptic, but the gov't's willingness to throw good money (to GMAC) after bad reflects the importance of the unions to the democrats and the brazenly unethical qualities of the Obama administration.]]> Wed, 28 Oct 2009 09:58:48 -0400
Call me a skeptic, but the gov't's willingness to throw good money (to GMAC) after bad reflects the importance of the unions to the democrats and the brazenly unethical qualities of the Obama administration.]]> http://seekingalpha.com/article/167254-wall-street-breakfast-must-know-news?source=feed#comment-720408 720408
Couldn't agree more with the Barron's comments. However, Bernanke is an expert on the Great Depression and one of the lessons learned from the GD (rightly or wrongly) is that money was tightened too soon (i.e., interest rates were raised to soon); I think, based on the GD lesson learned and Fed comments, that the Fed will err on the side of easy money for too long. Also, raising interest rates will be detrimental to the gov't's borrowing; a serious conflict of interest. Also, if easy money produces inflation (an almost certainty), so much the better for the gov't; a huge tax increase without having to vote on it and repayment of debt with cheaper and more readily available (if/when jobs increase) money.]]> Mon, 19 Oct 2009 10:08:52 -0400
Couldn't agree more with the Barron's comments. However, Bernanke is an expert on the Great Depression and one of the lessons learned from the GD (rightly or wrongly) is that money was tightened too soon (i.e., interest rates were raised to soon); I think, based on the GD lesson learned and Fed comments, that the Fed will err on the side of easy money for too long. Also, raising interest rates will be detrimental to the gov't's borrowing; a serious conflict of interest. Also, if easy money produces inflation (an almost certainty), so much the better for the gov't; a huge tax increase without having to vote on it and repayment of debt with cheaper and more readily available (if/when jobs increase) money.]]> http://seekingalpha.com/article/166940-hooverville-2009-where-s-the-anger-america?source=feed#comment-719728 719728 Sun, 18 Oct 2009 17:30:42 -0400 http://seekingalpha.com/article/166948-wall-street-breakfast-must-know-news?source=feed#comment-717501 717501 BAC) CEO Ken Lewis, already facing a slew of woes, now must forfeit his entire bonus and salary for 2009." Neither the Breakfast summary nor the linked to article justifies this; however, I will assume that it is based on performance. If a nefarious czar can force a man as powerful and influential as Ken Lewis to agree to no pay for a year of work due to poor performance, Congress people better watch out.]]> Fri, 16 Oct 2009 10:15:03 -0400 BAC) CEO Ken Lewis, already facing a slew of woes, now must forfeit his entire bonus and salary for 2009." Neither the Breakfast summary nor the linked to article justifies this; however, I will assume that it is based on performance. If a nefarious czar can force a man as powerful and influential as Ken Lewis to agree to no pay for a year of work due to poor performance, Congress people better watch out.]]> http://seekingalpha.com/article/165702-wall-street-breakfast-must-know-news?source=feed#comment-710179 710179 Fri, 09 Oct 2009 09:19:13 -0400 http://seekingalpha.com/article/164057-wall-street-breakfast-must-know-news?source=feed#comment-696730 696730 Wed, 30 Sep 2009 09:55:00 -0400 http://seekingalpha.com/article/161969-wall-street-breakfast-must-know-news?source=feed#comment-680526 680526 Thu, 17 Sep 2009 09:38:02 -0400 http://seekingalpha.com/article/161498-wall-street-breakfast-must-know-news?source=feed#comment-678006 678006 Tue, 15 Sep 2009 15:16:17 -0400 http://seekingalpha.com/article/160560-wall-street-breakfast-must-know-news?source=feed#comment-668488 668488 Wed, 09 Sep 2009 10:29:39 -0400 http://seekingalpha.com/article/160051-weakest-employment-market-since-the-great-depression?source=feed#comment-663368 663368 Sat, 05 Sep 2009 16:50:10 -0400 http://seekingalpha.com/article/158108-wall-street-breakfast-must-know-news?source=feed#comment-645203 645203 Tue, 25 Aug 2009 10:44:54 -0400 http://seekingalpha.com/article/157536-private-prisons-a-reliable-american-growth-industry?source=feed#comment-641105 641105 Sat, 22 Aug 2009 14:38:21 -0400 http://seekingalpha.com/article/157628-warren-buffett-and-the-imaginary-economy?source=feed#comment-641055 641055 Sat, 22 Aug 2009 13:14:12 -0400 http://seekingalpha.com/article/151098-wall-street-breakfast-must-know-news?source=feed#comment-601010 601010 Fri, 24 Jul 2009 12:15:56 -0400 http://seekingalpha.com/article/150724-carbon-etfs-etns-as-a-play-on-copenhagen-conference?source=feed#comment-600920 600920 Fri, 24 Jul 2009 11:15:21 -0400 http://seekingalpha.com/article/150765-wall-street-breakfast-must-know-news?source=feed#comment-599353 599353
If every dealership had $5MM worth of inventory in cars and parts, aggregate would be about $4B in total. This is a travesty for the small business families. " Quote, spald_fr above.

I have an old master's degree (1975) in economics and have given the reductions in dealerships some thought. While it is true that the dealerships do not cost Chrysler and GM directly, they compete against each other and, therefore, lower the average cost paid by the average US new car buyer and, therefore, lower the amount every dealer can pay and that Chrysler and GM can demand for each new car. Arbitrarily reducing the number of dealerships is a way to reduce dealership competition and increase the cost of a new car beyond what it needs to be by, you figure, something in the 2% to 10% range and increase profitability at Chrysler and GM and subsequently raise union wages; it is a transfer of wealth from ordinary new car buyers to Chrysler and GM to union wages to democrats via campaign contributions, accomplished by restricting trade/free competition. Do you really think a democrat congress is going to force Chrysler and GM to recognize the now or soon to be shut down dealerships?]]> Thu, 23 Jul 2009 10:20:20 -0400
If every dealership had $5MM worth of inventory in cars and parts, aggregate would be about $4B in total. This is a travesty for the small business families. " Quote, spald_fr above.

I have an old master's degree (1975) in economics and have given the reductions in dealerships some thought. While it is true that the dealerships do not cost Chrysler and GM directly, they compete against each other and, therefore, lower the average cost paid by the average US new car buyer and, therefore, lower the amount every dealer can pay and that Chrysler and GM can demand for each new car. Arbitrarily reducing the number of dealerships is a way to reduce dealership competition and increase the cost of a new car beyond what it needs to be by, you figure, something in the 2% to 10% range and increase profitability at Chrysler and GM and subsequently raise union wages; it is a transfer of wealth from ordinary new car buyers to Chrysler and GM to union wages to democrats via campaign contributions, accomplished by restricting trade/free competition. Do you really think a democrat congress is going to force Chrysler and GM to recognize the now or soon to be shut down dealerships?]]> http://seekingalpha.com/article/150058-wall-street-breakfast-must-know-news?source=feed#comment-596318 596318 Tue, 21 Jul 2009 09:12:36 -0400 http://seekingalpha.com/article/148896-wall-street-breakfast-must-know-news?source=feed#comment-588949 588949 Wed, 15 Jul 2009 10:11:17 -0400 http://seekingalpha.com/article/147621-new-equal-weight-etf-gives-exposure-while-managing-risk?source=feed#comment-579360 579360 Wed, 08 Jul 2009 15:39:15 -0400 http://seekingalpha.com/article/147600-wall-street-breakfast-must-know-news?source=feed#comment-578701 578701 Wed, 08 Jul 2009 09:36:57 -0400 http://seekingalpha.com/article/140292-commodities-for-income-investors?source=feed#comment-524981 524981 Sun, 31 May 2009 09:38:27 -0400 http://seekingalpha.com/article/140095-wall-street-breakfast-must-know-news?source=feed#comment-522705 522705 Fri, 29 May 2009 09:28:41 -0400