gon4beer

6 Comments

    • Double Short ProShares ETFs [view article]
      johnthebear-go to etfconnect.com, type in the symbol of the double short ETF that you'd like to know about, and you'll get an analysis of ETF as well as links to the ETF website which will in turn lead you to the annual report which will explain the mechanics. good luck Aug 25 07:41 AM
    • A Closer Look at Income Tax and the Rich [view article]
      To Pretzel lLogic and Joyful Alternative: PL, you are SO right on this topic-JA-if you want to see what the wealthiest folks in american do w/ the $ they've earned through hard work and persistence, just go and check out the Bill and Melinda Gates Foundation-the top donors are The Gates' and Warren Buffett. Are there wealthy people who are cut throat, self centered capitalists? ubetcha. Are there poor people who abuse vairous social support systems to live without working? ubetcha. PL's comment (extremely well written) "There is only one way to create wealth, and that is by producing more than you consume. By giving more than you take. This law applies to every form of wealth, incidentally -- be it spiritual, emotional, or physical wealth". John D. Rockefeller provided the $ for reasearch that ultimately led to discovering cures for infulenza in the great 1918 epidemic. Check out the Rockefeller Foundation, the Ford Foundation, Sloan-Kettering Cancer Institute(JD Rockefeller, John Jacob Astor (think Waldorf Astoria when you think of the Hilton Family) and Alfred P. Sloan (from General Motors)on Wiki. Where do you think this $ comes from??!! Sure donors get tax breadks, just as you and I do, but that's why the tax breaks are provided. Sure capitalism has it's evils-all systems do-democracy, socialism, you name it. But the fundamental premise of our county, the much maligned U.S. of A is based on the guts and firm beliefs of our founding fathers (read McCullough's "John Adams" to appreciate the bravery of these men) that all men are created equal and endowed by their creator with certain inalienable rights, among which are life liberty and the pursuit of happiness. Isn't hat what we all want? Isn't that what PL is telling you? Are we perfect? nope. But don't most of us wanat to better better out lives and those of the people we love?Ubetcha. There's never been a better place to do that in America. Stop worrying about the rich and go out an do something positive for the world-actually since you care enough to write here, you probabaly are already. Good luck Aug 15 08:39 AM
    • The Great Consumer Crash of 2009 [view article]
      I agree completely and sadly, since I'm in the investment business. Folliowng is a link to a recent article from the Contrary Investor website that suggests that we may be going through a rare and likely to be very painful, generational change. Very scary picture.
      www.contraryinvestor.c...       Aug 14 08:19 AM
    • Bull or Bear? Let History Be the Guide [view article]
      For another (and more informative) take on this subject, check out the free August 2008 report on contraryinvestor.com-v... scary reading. For the record I have no connection to the website other than as an interested reader. Aug 13 08:31 AM
    • Exxon's Record Taxes, Capital and Exploration Spending in Perspective [view article]
      If you want to see how high US coroporate tax rates are, just Google "corporate tax rates" or check this linkhttp://washingtont... for a Washing Times article dated today. US companies pay huge taxes; they pay these because they have huge revenues, which derive (duh!) from huge demand. Until we decrease demand (not likely soon) this equation will remain the same. Demanding more taxes from energy companies will only decrease spending and R&D on new technologies, infrastructure and job creation. For those who disagree, say I take an extra 10% from you paycheck for taxes-what happens to the amount of $ that you put directly into the economy? Geez-this is a VERY simple concept. Enough-I have to go oil the bearings on my windmill. Aug 04 07:52 AM
    • Wall Street Breakfast: Must-Know News [view article]
      I think egregious hubris says it all. I wonder what Prince Alwaleed is thinking. Jun 27 08:11 AM
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