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  • Wall Street Breakfast: Must-Know News [View article]
    UAW reveals itself as the self-interested entity everyone already knows they are. They couldn't care less about the harm they are doing to America's competitiveness.
    Nov 02 09:17 am |Rating: +5 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    From above: "Barron's magazine's Andrew Bary urged Ben Bernanke to hike interest rates to a "more normal" 2%, or risk fostering another financial bubble. Barron's says with the economy recovering, the dollar falling, and commodities on the rise, keeping rates near zero will only fuel speculation and anger America's economic partners and foreign creditors - and potentially stoke inflation. Bary worries the Fed is failing to distinguish between normal accommodative monetary policy and crisis accommodative policy."

    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.
    Oct 19 10:08 am |Rating: +4 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Climate change has been a cycling hysteria since at least the late-1800's; alternating between cooling (late-1800's, 1970's) and warming (1930's, early 2000's). The progressives will never be satisfied until they control everything, and they are well on their way with the current administration.
    May 19 09:50 am |Rating: +6 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    As an income oriented investor, I will take a chance on C when it hits $1.00 per share; that price, with a $0.01 per quarter dividend, produces a 4% yield.
    Jan 21 09:41 am |Rating: +3 -1 |Link to Comment
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