Drew Horn's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/213951/comments http://seekingalpha.com/article/174492-the-twenty-year-stock-bubble-is-still-inflated?source=feed#comment-768893 768893
Two key points haven't had much emphasis:

1) Globalization has been creeping along and, over the time frame of the analysis, added to both sales and profit, and accounts for some of the bubble effect. This has had a major, yet unexplained, effect on market caps and makes time comparisons less meaningful.
2) Changes in profits have been, and will continue to be "increasingly" impacted by more efficiency (marketing, technology & infrastructure) and that makes historical comparisons less useful.

It would be interesting to have someone write an algorithm that adds these and perhaps other variables to learn how they might influence the future.]]> Fri, 20 Nov 2009 10:14:17 -0500
Two key points haven't had much emphasis:

1) Globalization has been creeping along and, over the time frame of the analysis, added to both sales and profit, and accounts for some of the bubble effect. This has had a major, yet unexplained, effect on market caps and makes time comparisons less meaningful.
2) Changes in profits have been, and will continue to be "increasingly" impacted by more efficiency (marketing, technology & infrastructure) and that makes historical comparisons less useful.

It would be interesting to have someone write an algorithm that adds these and perhaps other variables to learn how they might influence the future.]]> http://seekingalpha.com/article/174100-our-steroid-pumped-economy?source=feed#comment-767222 767222
Our debate should be about the correctness of elected and non-elected bureaucratic confidence that they know how to withdraw the steroids without having the patient relapse. My view is that there are too many of them working on the patient at the same time, few of them are truly skilled, and the political types will always opt for the least short term pain and thus get us into major long term trouble. In other words, they will eventually decide that, as has often happened, it is politically easier to pay the price of borrowing with inflation. Watch out for government bonds....]]> Thu, 19 Nov 2009 10:07:18 -0500
Our debate should be about the correctness of elected and non-elected bureaucratic confidence that they know how to withdraw the steroids without having the patient relapse. My view is that there are too many of them working on the patient at the same time, few of them are truly skilled, and the political types will always opt for the least short term pain and thus get us into major long term trouble. In other words, they will eventually decide that, as has often happened, it is politically easier to pay the price of borrowing with inflation. Watch out for government bonds....]]> http://seekingalpha.com/article/168614-where-s-the-outrage-at-the-banks?source=feed#comment-729734 729734
A lot of people express anger and outrage at bankers when they should be complaining about politicians. Who was it that repealed Glass Steagle, who wrote the laws that created Freddie and Fanny?
Who passed laws that provide incentives to banks to make mortgage loans to people who can't afford to repay them. Who put pressure on the SEC to limit their oversight of financial markets. Who failed to regulate the derivatives market. Who passed laws making large parts of AIG's business untouchable by state insurance commissioners. Who underfunds the IRS and bank regulators, etc, etc.

It is legal and expected that banks will offer contributions (bribes) to those who are supposed to represent us in government. It is also legal to accept the contributions. The reason its legal is that the US Supreme Court says so. Until we have a new court or perhaps a new constitution, I fully expect that bankers will continue to contribute money that is readily accepted and nothing will change. You sir, are complaining about the wrong villains.

Go back to trying to figure out how to make money!]]> Sun, 25 Oct 2009 17:45:32 -0400
A lot of people express anger and outrage at bankers when they should be complaining about politicians. Who was it that repealed Glass Steagle, who wrote the laws that created Freddie and Fanny?
Who passed laws that provide incentives to banks to make mortgage loans to people who can't afford to repay them. Who put pressure on the SEC to limit their oversight of financial markets. Who failed to regulate the derivatives market. Who passed laws making large parts of AIG's business untouchable by state insurance commissioners. Who underfunds the IRS and bank regulators, etc, etc.

It is legal and expected that banks will offer contributions (bribes) to those who are supposed to represent us in government. It is also legal to accept the contributions. The reason its legal is that the US Supreme Court says so. Until we have a new court or perhaps a new constitution, I fully expect that bankers will continue to contribute money that is readily accepted and nothing will change. You sir, are complaining about the wrong villains.

Go back to trying to figure out how to make money!]]> http://seekingalpha.com/article/166269-debt-monetization-he-s-heading-for-that-small-moon?source=feed#comment-714940 714940 Wed, 14 Oct 2009 10:37:29 -0400 http://seekingalpha.com/article/164251-the-next-major-crisis-brewing?source=feed#comment-699816 699816

On Oct 01 12:20 PM Leftfield wrote:

> The Fed is privately owned, so, let them buy up all the toxic assets
> and Treasuries the banks and agencies feed them. Then, let it collapse.
> Won't that take taxpayers off the hook?]]> Fri, 02 Oct 2009 09:47:20 -0400

On Oct 01 12:20 PM Leftfield wrote:

> The Fed is privately owned, so, let them buy up all the toxic assets
> and Treasuries the banks and agencies feed them. Then, let it collapse.
> Won't that take taxpayers off the hook?]]> http://seekingalpha.com/article/163025-bank-of-america-s-gain-is-taxpayers-loss?source=feed#comment-689025 689025
Since his inauguration last November Obama has been doing a lot of talking but, when his comments are analyzed, it becomes clear that his comments sound good but don't hold up to scrutiny. Like many politicians, he speaks in half truths and feel good slogans. What he says may sound good to other countries but they don't have to pay our debts or taxes. They don't have to live with Obama's mistakes. They don't fully understand that since becoming President Obama has given many Americans the impression that he was trained by a "snake oil salesman" and the medicine he is selling us seems to be expensive, useless in the short term, and in the long run harmful because the problems have not been attended to.]]> Thu, 24 Sep 2009 10:30:59 -0400
Since his inauguration last November Obama has been doing a lot of talking but, when his comments are analyzed, it becomes clear that his comments sound good but don't hold up to scrutiny. Like many politicians, he speaks in half truths and feel good slogans. What he says may sound good to other countries but they don't have to pay our debts or taxes. They don't have to live with Obama's mistakes. They don't fully understand that since becoming President Obama has given many Americans the impression that he was trained by a "snake oil salesman" and the medicine he is selling us seems to be expensive, useless in the short term, and in the long run harmful because the problems have not been attended to.]]> http://seekingalpha.com/article/162832-aig-needs-dissolving?source=feed#comment-687371 687371
Each part of this conglomerate is different and, as a taxpayer, I hope management has the skill to optimize the selling prices. The greatest danger is that management will try to wait out the dissolution clock and try to keep AIG alive in the long run. From managements view, that makes sense, especially if the CEO, CFO, etc are skimming millions every year it survives(they have no skinny in the game). I suggest that their pay be cut by 50% a year for two years and after that (with a new team), require that those that failed to sell it give back their prior pay at the rate of 33% a year until all assets are sold. That's a real incentive plan!]]> Wed, 23 Sep 2009 09:39:59 -0400
Each part of this conglomerate is different and, as a taxpayer, I hope management has the skill to optimize the selling prices. The greatest danger is that management will try to wait out the dissolution clock and try to keep AIG alive in the long run. From managements view, that makes sense, especially if the CEO, CFO, etc are skimming millions every year it survives(they have no skinny in the game). I suggest that their pay be cut by 50% a year for two years and after that (with a new team), require that those that failed to sell it give back their prior pay at the rate of 33% a year until all assets are sold. That's a real incentive plan!]]> http://seekingalpha.com/article/162502-rachael-granby-is-on-maternity-leave?source=feed#comment-686159 686159 Tue, 22 Sep 2009 10:33:45 -0400 http://seekingalpha.com/article/161969-wall-street-breakfast-must-know-news?source=feed#comment-680625 680625

On Sep 17 10:25 AM notsosmart wrote:

> i have said it for years & luckily figured it out for myself..wall
> st is a ponzi/casino.it will continue to be that as the crooks &
> scoundrels pay off congress to make sure no strong regs are passed.
> the pres is busy with health.something he should have left alone
> for now.the rating agencies should be ignored by all in hope they
> will go away.made-off is a piker compared to those who should be
> in jail with him.unless you are an insider the best you can hope
> for is a few crumbs from investing(does this word still apply?) or
> gambling.lying ceos,self serving boards,crooked accounting,lack of
> ethics,no transparency insure that all the homework you do could
> be wrong.buy good cos that pay a fair div & join their drip plan.its
> the only way to win a few crumbs.wall st greed is killing capitalism.sad.]]> Thu, 17 Sep 2009 10:43:17 -0400

On Sep 17 10:25 AM notsosmart wrote:

> i have said it for years & luckily figured it out for myself..wall
> st is a ponzi/casino.it will continue to be that as the crooks &
> scoundrels pay off congress to make sure no strong regs are passed.
> the pres is busy with health.something he should have left alone
> for now.the rating agencies should be ignored by all in hope they
> will go away.made-off is a piker compared to those who should be
> in jail with him.unless you are an insider the best you can hope
> for is a few crumbs from investing(does this word still apply?) or
> gambling.lying ceos,self serving boards,crooked accounting,lack of
> ethics,no transparency insure that all the homework you do could
> be wrong.buy good cos that pay a fair div & join their drip plan.its
> the only way to win a few crumbs.wall st greed is killing capitalism.sad.]]> http://seekingalpha.com/article/160264-why-economists-messed-up?source=feed#comment-666413 666413
I sometimes think that it is a mistake to train economists in universities. Academics constantly try to impress each other with a newer and more complex mathematical model or a combination of irrelevant data they claim has great importance. Their primary motivation is to publish enough to get tenure. Their jobs are not dependent on teaching students how to truly understand the world around them. Students are not taught to make a reality check by getting out of the office, actually seeing exactly what is happening on our streets. The are not taught to question data, only to massage it.

Frankly, we should take what economists say, put it through the sieve of common sense, and ignore all that does not pass that test.]]> Tue, 08 Sep 2009 11:06:25 -0400
I sometimes think that it is a mistake to train economists in universities. Academics constantly try to impress each other with a newer and more complex mathematical model or a combination of irrelevant data they claim has great importance. Their primary motivation is to publish enough to get tenure. Their jobs are not dependent on teaching students how to truly understand the world around them. Students are not taught to make a reality check by getting out of the office, actually seeing exactly what is happening on our streets. The are not taught to question data, only to massage it.

Frankly, we should take what economists say, put it through the sieve of common sense, and ignore all that does not pass that test.]]> http://seekingalpha.com/article/159529-economy-and-equities-still-vulnerable-it-s-a-matter-of-credit?source=feed#comment-658111 658111
The major change in consumer behavior, savings from -.05% to +5%, is probably corelated with, but more influential than, the trend toward paying off debt. It's my impression that the future or the equities market in the US can be predcited based on how consumers will behave over the next two years. Now all we need is a PHd in consumer psychology.]]> Wed, 02 Sep 2009 09:48:07 -0400
The major change in consumer behavior, savings from -.05% to +5%, is probably corelated with, but more influential than, the trend toward paying off debt. It's my impression that the future or the equities market in the US can be predcited based on how consumers will behave over the next two years. Now all we need is a PHd in consumer psychology.]]> http://seekingalpha.com/article/158966-major-banks-now-much-too-big-to-fail?source=feed#comment-653349 653349
In our political system where the US supreme court said that "free political speech" can be how much you can pay lobbyists who, in turn, pay politicians, there is little hope that the big banks will be reigned in. I can't think or any politicians who want to give up campaign money. I can recall any bureaucrat who pledged never to work for a big bank.

I will probably buy shares of investment banks simply because I cant think of a way they can loose the game.]]> Sun, 30 Aug 2009 12:15:02 -0400
In our political system where the US supreme court said that "free political speech" can be how much you can pay lobbyists who, in turn, pay politicians, there is little hope that the big banks will be reigned in. I can't think or any politicians who want to give up campaign money. I can recall any bureaucrat who pledged never to work for a big bank.

I will probably buy shares of investment banks simply because I cant think of a way they can loose the game.]]> http://seekingalpha.com/article/156721-wall-street-breakfast-must-know-news?source=feed#comment-634596 634596
Financial flim flam artists will continue to ply their trade until some are sentenced to their rightful occupations -- cleaning our sewers or redesigning / reform of bank regulations, both subject they are very familiar with. ]]> Tue, 18 Aug 2009 09:32:04 -0400
Financial flim flam artists will continue to ply their trade until some are sentenced to their rightful occupations -- cleaning our sewers or redesigning / reform of bank regulations, both subject they are very familiar with. ]]> http://seekingalpha.com/article/146940-cbo-on-the-new-kennedy-health-care-reform-bill?source=feed#comment-574618 574618
The key to the puzzle seems to be ignored. That is health care costs much more than is necessary. One long term way to dramatically lower cost is to increase the supply of doctors and nurses by making their educaton paid by government and free to students. It would be a modest investment and benefit all.

A usual, there are no clear leaders and if a bill is passed it will be so loaded with pork that we will be better off without it. My hope is that Congress decides to appoint a (neutral?) commission to take the time to hash out both the principals and the details then come back with a specific proposal that, hopefully, is transparent and we can understand.

Obama may be in a hurry to establish a legislative record but he might wind up with one that isn't very flattering.]]> Sun, 05 Jul 2009 13:29:33 -0400
The key to the puzzle seems to be ignored. That is health care costs much more than is necessary. One long term way to dramatically lower cost is to increase the supply of doctors and nurses by making their educaton paid by government and free to students. It would be a modest investment and benefit all.

A usual, there are no clear leaders and if a bill is passed it will be so loaded with pork that we will be better off without it. My hope is that Congress decides to appoint a (neutral?) commission to take the time to hash out both the principals and the details then come back with a specific proposal that, hopefully, is transparent and we can understand.

Obama may be in a hurry to establish a legislative record but he might wind up with one that isn't very flattering.]]> http://seekingalpha.com/article/145687-the-shadow-banking-system-will-not-die?source=feed#comment-566129 566129 Sun, 28 Jun 2009 17:33:12 -0400 http://seekingalpha.com/article/145480-aig-dumps-two-toxic-assets-on-the-fed?source=feed#comment-563495 563495
The reason the FED continues to have too much power is that our politicians are unable to act logically and responsibly in matters of financial management. Thus, it is hoped, the FED will act as a counter influence on the excesses of elected government. But the result has been that the FED is also acting irrationally and the result has been that both fiscal and monetary policies are threats to capitalism.

Does anyone have a good solution to the problem?]]> Fri, 26 Jun 2009 10:18:01 -0400
The reason the FED continues to have too much power is that our politicians are unable to act logically and responsibly in matters of financial management. Thus, it is hoped, the FED will act as a counter influence on the excesses of elected government. But the result has been that the FED is also acting irrationally and the result has been that both fiscal and monetary policies are threats to capitalism.

Does anyone have a good solution to the problem?]]> http://seekingalpha.com/article/144153-wall-street-breakfast-must-know-news?source=feed#comment-553802 553802
The real "systemic risk" is that the political system is responsive only to money which has proven to be fully capable of buying almost any election result. Eisenhower warned about the military / industrial complex. There should be a new warning about the Madison Ave / Washington Lobbyists complex. So long as the first amendment is held to mean that money = free speech, government and our economy will be in the hands of the banks.]]> Fri, 19 Jun 2009 10:59:04 -0400
The real "systemic risk" is that the political system is responsive only to money which has proven to be fully capable of buying almost any election result. Eisenhower warned about the military / industrial complex. There should be a new warning about the Madison Ave / Washington Lobbyists complex. So long as the first amendment is held to mean that money = free speech, government and our economy will be in the hands of the banks.]]> http://seekingalpha.com/article/143443-wall-street-breakfast-must-know-news?source=feed#comment-548750 548750
The old trick of moving auditors around till they are too confused to think straight has morphed into creating organizations that are so complex auditors/ regulators have no chance of truly understanding the firms they examine. The proposed changes in regulation are half measures designed to look like they are tough but allow the firms that are "too big to fail" to get bigger. If anything, the proposed change sets up the business cycle for greater peaks and valleys and eventual collapse.

Too bad, this is a missed opportunity to bring honesty and discipline to financial markets. But on the plus side, people like Paulson & Geithner, et al, have made a lot of Wall St friends and have the prospect of great jobs when they leave us with the mess they created. ]]> Tue, 16 Jun 2009 11:43:27 -0400
The old trick of moving auditors around till they are too confused to think straight has morphed into creating organizations that are so complex auditors/ regulators have no chance of truly understanding the firms they examine. The proposed changes in regulation are half measures designed to look like they are tough but allow the firms that are "too big to fail" to get bigger. If anything, the proposed change sets up the business cycle for greater peaks and valleys and eventual collapse.

Too bad, this is a missed opportunity to bring honesty and discipline to financial markets. But on the plus side, people like Paulson & Geithner, et al, have made a lot of Wall St friends and have the prospect of great jobs when they leave us with the mess they created. ]]> http://seekingalpha.com/article/140825-wall-street-breakfast-must-know-news?source=feed#comment-528012 528012
Banks "too big to fail" take billions one day and give them back the next. Insurance companies (too big to fail) sell policies but have little or no reserves to pay claims but continue to sell "insurance". Mortgage borrowers & lenders commit fraud and tip the worlds economy into panic, and are then encouraged to use a future unearned tax credit for a down payment on the next house and mortgage.

The most interesting thing about this street corner game is that the fellow with the shells and pea is the president of the United States. And the people continue to watch and play his game! ]]> Tue, 02 Jun 2009 10:41:33 -0400
Banks "too big to fail" take billions one day and give them back the next. Insurance companies (too big to fail) sell policies but have little or no reserves to pay claims but continue to sell "insurance". Mortgage borrowers & lenders commit fraud and tip the worlds economy into panic, and are then encouraged to use a future unearned tax credit for a down payment on the next house and mortgage.

The most interesting thing about this street corner game is that the fellow with the shells and pea is the president of the United States. And the people continue to watch and play his game! ]]> http://seekingalpha.com/article/140825-wall-street-breakfast-must-know-news?source=feed#comment-528011 528011
Banks "too big to fail" take billions one day and give them back the next. Insurance companies (too big to fail) sell policies but have little or no reserves to pay claims but continue to sell "insurance". Mortgage borrowers & lenders commit fraud and tip the worlds economy into panic, and are then encouraged to use a future unearned tax credit for a down payment on the next house and mortgage.

The most interesting thing about this street corner game is that the fellow with the shells and pea is the president of the United States. And the people continue to watch and play his game! ]]> Tue, 02 Jun 2009 10:41:31 -0400
Banks "too big to fail" take billions one day and give them back the next. Insurance companies (too big to fail) sell policies but have little or no reserves to pay claims but continue to sell "insurance". Mortgage borrowers & lenders commit fraud and tip the worlds economy into panic, and are then encouraged to use a future unearned tax credit for a down payment on the next house and mortgage.

The most interesting thing about this street corner game is that the fellow with the shells and pea is the president of the United States. And the people continue to watch and play his game! ]]> http://seekingalpha.com/article/140825-wall-street-breakfast-must-know-news?source=feed#comment-528010 528010
Banks "too big to fail" take billions one day and give them back the next. Insurance companies (too big to fail) sell policies but have little or no reserves to pay claims but continue to sell "insurance". Mortgage borrowers & lenders commit fraud and tip the worlds economy into panic, and are then encouraged to use a future unearned tax credit for a down payment on the next house and mortgage.

The most interesting thing about this street corner game is that the fellow with the shells and pea is the president of the United States. And the people continue to watch and play his game! ]]> Tue, 02 Jun 2009 10:40:15 -0400
Banks "too big to fail" take billions one day and give them back the next. Insurance companies (too big to fail) sell policies but have little or no reserves to pay claims but continue to sell "insurance". Mortgage borrowers & lenders commit fraud and tip the worlds economy into panic, and are then encouraged to use a future unearned tax credit for a down payment on the next house and mortgage.

The most interesting thing about this street corner game is that the fellow with the shells and pea is the president of the United States. And the people continue to watch and play his game! ]]> http://seekingalpha.com/article/137654-wall-street-breakfast-must-know-news?source=feed#comment-503563 503563 Thu, 14 May 2009 10:19:35 -0400 http://seekingalpha.com/article/137092-soda-tax-no-free-lunch-nor-cheap-soda?source=feed#comment-501065 501065

On May 12 04:51 PM Drew Horn wrote:

>
> Sparekyman, you protest without thinking it through. Ending slavery,
> over time, allowed former slaves to do be free to make choices. Ending
> the useless "war on drugs" would do the same. For 50 years or more
> we have been trying to use jails to solve the drug problem and it
> is worse than ever. Its time to stop wasting resources on an attempt
> to make those who don't want to live a decent life change their habits.
> I would be better to isolate them so they can harm the rest of us.
>
>
> On May 12 03:45 PM sparkyman78610 wrote:]]> Tue, 12 May 2009 16:54:22 -0400

On May 12 04:51 PM Drew Horn wrote:

>
> Sparekyman, you protest without thinking it through. Ending slavery,
> over time, allowed former slaves to do be free to make choices. Ending
> the useless "war on drugs" would do the same. For 50 years or more
> we have been trying to use jails to solve the drug problem and it
> is worse than ever. Its time to stop wasting resources on an attempt
> to make those who don't want to live a decent life change their habits.
> I would be better to isolate them so they can harm the rest of us.
>
>
> On May 12 03:45 PM sparkyman78610 wrote:]]> http://seekingalpha.com/article/137092-soda-tax-no-free-lunch-nor-cheap-soda?source=feed#comment-501062 501062 Sparekyman, you protest without thinking it through. Ending slavery, over time, allowed former slaves to do be free to make choices. Ending the useless "war on drugs" would do the same. For 50 years or more we have been trying to use jails to solve the drug problem and it is worse than ever. Its time to stop wasting resources on an attempt to make those who don't want to live a decent life change their habits. I would be better to isolate them so they can harm the rest of us.

On May 12 03:45 PM sparkyman78610 wrote:

> Thats right! Legalize and tax it. Gambling and prostitution should
> be next. Kinda makes you wonder why we wasted billions of dollars
> and millions of lives on slavery. We should of kept it legal and
> taxed the plantations owners per head. Right?]]> Tue, 12 May 2009 16:51:46 -0400 Sparekyman, you protest without thinking it through. Ending slavery, over time, allowed former slaves to do be free to make choices. Ending the useless "war on drugs" would do the same. For 50 years or more we have been trying to use jails to solve the drug problem and it is worse than ever. Its time to stop wasting resources on an attempt to make those who don't want to live a decent life change their habits. I would be better to isolate them so they can harm the rest of us.

On May 12 03:45 PM sparkyman78610 wrote:

> Thats right! Legalize and tax it. Gambling and prostitution should
> be next. Kinda makes you wonder why we wasted billions of dollars
> and millions of lives on slavery. We should of kept it legal and
> taxed the plantations owners per head. Right?]]> http://seekingalpha.com/article/133314-wall-street-breakfast-must-know-news?source=feed#comment-478914 478914
I wonder if the Fed will be getting legislative powers. If so, they may try to repeal the "business cycle" and institute a new policy --- eliminate capitalism.]]> Mon, 27 Apr 2009 09:29:05 -0400
I wonder if the Fed will be getting legislative powers. If so, they may try to repeal the "business cycle" and institute a new policy --- eliminate capitalism.]]> http://seekingalpha.com/article/132526-tarp-assets-and-uncle-sam-s-balance-sheet-games?source=feed#comment-474188 474188
Its regrettable that we don't have leaders with the guts to be honest.]]> Thu, 23 Apr 2009 11:06:34 -0400
Its regrettable that we don't have leaders with the guts to be honest.]]> http://seekingalpha.com/article/128672-wall-street-breakfast-must-know-news?source=feed#comment-446443 446443
All eyes will be on the G20 meeting and most will assume that the USA will continue to bail out the world. "After you Alfonse"!]]> Tue, 31 Mar 2009 10:50:43 -0400
All eyes will be on the G20 meeting and most will assume that the USA will continue to bail out the world. "After you Alfonse"!]]> http://seekingalpha.com/article/127965-wall-street-breakfast-must-know-news?source=feed#comment-441424 441424
Looking at the history of the US, we started exploiting natural resources followed by efficient manufacturing + building the potential of average people ( free libraries, land grant colleges, etc.) to contribute. In the last 70 years we developed computers that give us the potential to solve problems previously insoluble. Its time to move beyond the concepts that started in the 19Th century (automobiles) by using our technical skills and our ability to manage risks (government seed money + venture capital).

If we believe our own rhetoric, there is no other useful option!


On Mar 26 12:43 PM Shaggieman wrote:

> Drew you hit on something there. I think if the government fibers-up
> every house in America (where it makes sense to do) then a lot of
> trips become unnecessary. I believe the new Obama package has some
> money in there for that purpose.]]> Thu, 26 Mar 2009 15:25:25 -0400
Looking at the history of the US, we started exploiting natural resources followed by efficient manufacturing + building the potential of average people ( free libraries, land grant colleges, etc.) to contribute. In the last 70 years we developed computers that give us the potential to solve problems previously insoluble. Its time to move beyond the concepts that started in the 19Th century (automobiles) by using our technical skills and our ability to manage risks (government seed money + venture capital).

If we believe our own rhetoric, there is no other useful option!


On Mar 26 12:43 PM Shaggieman wrote:

> Drew you hit on something there. I think if the government fibers-up
> every house in America (where it makes sense to do) then a lot of
> trips become unnecessary. I believe the new Obama package has some
> money in there for that purpose.]]> http://seekingalpha.com/article/127965-wall-street-breakfast-must-know-news?source=feed#comment-441050 441050 Thu, 26 Mar 2009 11:23:39 -0400 http://seekingalpha.com/article/126815-the-mighty-greenback-in-transition?source=feed#comment-433414 433414
In 3 years when the inflation pendulum has so much momentum that it can't be stopped, the same people will find it convenient to have the others as targets at which they can point their fingers]]> Fri, 20 Mar 2009 09:30:48 -0400
In 3 years when the inflation pendulum has so much momentum that it can't be stopped, the same people will find it convenient to have the others as targets at which they can point their fingers]]>