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DavyJ

DavyJ
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  • Rising Minimum Wages - The Most Vulnerable Sector And Company [View article]
    Well inflation may be running below the Fed's target rate for several years, but it's above my target rate.

    As an octogenarian, you should know how inflation affects the poor much more than the rich, and suggesting an increase in inflation to go along with a minimum wage increase hurts the very people you are touting to help.
    Jan 2, 2014. 01:52 PM | Likes Like |Link to Comment
  • Rising Minimum Wages - The Most Vulnerable Sector And Company [View article]
    I was referring to the comment that the employers should go out of business (or improve their business plan). That smacks of "if you are unskilled and can only be employed for minimum wage, then you should get an education and therefore command a higher wage" which is not only practically, but theoretically impossible.

    In the end, the "few lost jobs" are still lost.
    Dec 31, 2013. 08:16 PM | Likes Like |Link to Comment
  • Rising Minimum Wages - The Most Vulnerable Sector And Company [View article]
    Re: "If we believe in capitalism, then we should believe that employers who can't pay a living wage should go out of business, not get propped up at everyone else's expense."

    Which in turn leaves the employees of these struggling businesses out of a job and resorting to food stamps at the expense of taxpayers, or visiting food shelves at the expense of donors, and might well be receiving Medicaid, subsidized housing, and maybe other help.
    Dec 31, 2013. 06:54 PM | 2 Likes Like |Link to Comment
  • Rising Minimum Wages - The Most Vulnerable Sector And Company [View article]
    Not to mention that workers that are somewhat above the minimum wage now will find themselves at the new minimum wage and feel that they deserve more. Which in turn causes those above them to have the same feeling all the way up the line. And like it or not, that points to price inflation.

    So you see the escalation pointed out by StepUp below.
    Dec 31, 2013. 06:47 PM | 3 Likes Like |Link to Comment
  • Rising Minimum Wages - The Most Vulnerable Sector And Company [View article]
    And now for the unintended consequences. The median Social Security benefit is approximately $1275 per month which works out to be, you guessed it! $7.35 per hour.

    With over 40 million people receiving Social Security, 20 million will fall further behind minimum wage. And with the new COLA calculation adjustments, the situation worsens. No additional purchasing power there to boost the economy.
    Dec 31, 2013. 03:37 PM | 1 Like Like |Link to Comment
  • Is The Market Overvalued? Jeremy Siegel Says 'Not At All' [View article]
    Re"Cape Shiller has been in overvalued teritory by its own definitons since March 2009, where it's resided ever since. During that same period the SPX has risen 170%.

    "In essence, CAPE thinks things are overvalued almost all the time. The problem is that investors who believed similarly have been left for dead."

    Just a thought. CAPE being a ten year average, it will always be a lagging indicator, and comparing it to a real time snapshot of the average doesn't seem to be comparing two equals. Shouldn't it be compared to the ten year average of the SPX? If so, then I can't see how it's meaningful in a current environment.

    Anyone out there motivated enough to do the comparison?
    Dec 12, 2013. 09:11 PM | 1 Like Like |Link to Comment
  • Wall Street Doesn't Understand Bitcoin Yet, But It Will [View article]
    krimhumhrim,

    When I posted that comment, I thought all would understand the irony. In retrospect I should have ended with a :).
    Nov 27, 2013. 07:25 PM | 1 Like Like |Link to Comment
  • Wall Street Doesn't Understand Bitcoin Yet, But It Will [View article]
    For those who believe, no explanation is necessary. For those who do not believe, no explanation is possible.
    Nov 26, 2013. 10:04 PM | 2 Likes Like |Link to Comment
  • Google roundup: Glass, Calico, NSA, Android/ARM [View news story]
    Moving the servers off-shore would make them fair game for NSA, wouldn't it?
    Nov 24, 2013. 09:08 PM | Likes Like |Link to Comment
  • Dow Tweaks Industrial Average Roster, 3 High-Profile Names Gone [View article]
    And how do you weight your portfolio?
    Sep 10, 2013. 09:56 PM | Likes Like |Link to Comment
  • What's Driving The Dow Lower? [View article]
    Well you could start with http://bit.ly/16SSLzw

    But what does that mean?

    In the end the only thing that counts is if your investment results meet your needs. Comparing your results with some other choices is only Monday morning quarterbacking and a "would've could've should've" comparison that may make you feel you aren't performing as well as you could.

    Focus on your needs and your results. If you're meeting them, then you are ahead of the game.
    Aug 22, 2013. 09:05 PM | 4 Likes Like |Link to Comment
  • The Most Dangerous Assumption About Stocks And GDP [View article]
    Agreed.

    And look at the period from 1968 to 1982. Fourteen years of growing GDP and a volatile but stagnant stock market.

    I'd say that 14 years is a reasonably long time to prove that the inverse is also true.
    Aug 12, 2013. 11:23 AM | 3 Likes Like |Link to Comment
  • Bear Of The Day: Caterpillar [View article]
    Re: "This suggests that analysts are in nearly complete agreement regarding the company's bearish outlook for both the near term and the longer term."

    No, this suggests that analysts don't do analysis but rely on headlines and then follow the crowd. Gee, I could do that too.
    Jul 29, 2013. 08:56 PM | Likes Like |Link to Comment
  • Gold may be going down on paper, but the physical market is still in high demand. Just ask Rick Harrison, co-owner of the Gold & Silver Pawn Shop and a co-star of the reality series "Pawn Stars." "I'm having a real difficult time right now getting physical metal," Harrison says. "It's the crazy world of gold and silver: Sometimes the paper market is going down but you can't find actual physical items." [View news story]
    I recall reading that the U.S. mint only uses gold and silver that is certified of U.S. origin.

    I'm not a gold bug but if I were, I would certainly want to know as that would undoubtedly affect the value of U.S. coins in the future.

    How's the price of foreign coins?
    Jun 28, 2013. 09:02 PM | Likes Like |Link to Comment
  • How The Fed Directly Subsidizes Corporate Profits And Why The Game Is Over [View article]
    In 2011, Walmart had $446.95 billion in revenues.

    In 2011, SNAP expenditures were $78 billion.

    That's not even 18% of Walmart's revenues. And not all food stamps are spent at Walmart.

    http://1.usa.gov/132Teta

    Exaggerate a little here, a little there, and soon you have some big number. Repeat it often enough, and soon the people will believe it.
    May 24, 2013. 09:39 AM | 1 Like Like |Link to Comment
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