JCC's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/214785/comments http://seekingalpha.com/article/174642-berkshire-well-positioned-for-buffett-s-prediction-on-electric-cars?source=feed#comment-771901 771901
1. Electric vehicles - This trend is on the way, and unless something changes it will come to pass. This will involve massive industrial and distribution changes that would benefit the USA.

2. Natural Gas- We now have over 100 years supply, and have largely quit exploring. This would also involve massive industrial and distribution changes that would benefit the USA. For natural gas to become a major player, legislative incentives will probably be necessary.

It is nice to have two possibilities, both of which would end our dependence upon imported oil. ]]> Sun, 22 Nov 2009 12:09:52 -0500
1. Electric vehicles - This trend is on the way, and unless something changes it will come to pass. This will involve massive industrial and distribution changes that would benefit the USA.

2. Natural Gas- We now have over 100 years supply, and have largely quit exploring. This would also involve massive industrial and distribution changes that would benefit the USA. For natural gas to become a major player, legislative incentives will probably be necessary.

It is nice to have two possibilities, both of which would end our dependence upon imported oil. ]]> http://seekingalpha.com/article/174618-synovus-a-beat-up-bank-to-bet-on?source=feed#comment-770937 770937 Sat, 21 Nov 2009 18:58:02 -0500 http://seekingalpha.com/article/167565-the-secret-paulson-goldman-meeting?source=feed#comment-722292 722292
The whining can continue, and the others will make profits. ]]> Tue, 20 Oct 2009 13:00:51 -0400
The whining can continue, and the others will make profits. ]]> http://seekingalpha.com/article/164584-battery-investing-for-beginners-part-4?source=feed#comment-702484 702484
John - Your articles greatly appreciated and they have brought clarity to use of existing technologies. I recently read that Toyota agrees with you analysis on Lithium ION.


On Oct 04 10:37 AM William Taylor wrote:

> John, do you have any comment on this article about IBM and lithium-air-oxygen
> batteries? They seem like a real game changer!
>
>
> www.mobilemag.com/2009.../]]> Sun, 04 Oct 2009 11:56:37 -0400
John - Your articles greatly appreciated and they have brought clarity to use of existing technologies. I recently read that Toyota agrees with you analysis on Lithium ION.


On Oct 04 10:37 AM William Taylor wrote:

> John, do you have any comment on this article about IBM and lithium-air-oxygen
> batteries? They seem like a real game changer!
>
>
> www.mobilemag.com/2009.../]]> http://seekingalpha.com/article/164713-how-much-natural-gas-remains-in-the-usa?source=feed#comment-702457 702457
In the exploration for oil, we learned these lessons. The resulting natural gas flow has been huge, and we have quit exploring because of over-supply.

If we ever learned how to economically extract oil from shale, we would have a 500 years supply. Unfortunately this has not occurred.

We have learned how to economically extract gas from shale, and that is the origin of the 100 years estimate. ]]> Sun, 04 Oct 2009 11:28:17 -0400
In the exploration for oil, we learned these lessons. The resulting natural gas flow has been huge, and we have quit exploring because of over-supply.

If we ever learned how to economically extract oil from shale, we would have a 500 years supply. Unfortunately this has not occurred.

We have learned how to economically extract gas from shale, and that is the origin of the 100 years estimate. ]]> http://seekingalpha.com/article/164498-no-chance-of-a-v-recovery?source=feed#comment-702264 702264
ECRI has done pretty well in the economic prediction business.


On Oct 03 07:43 PM Owen B wrote:

> You wrote, "ECRI has been wrong before and they were in 2007 about
> the strength of our economy"
>
> But I've heard ECRI state that GDP growth reached a 4-year high in
> mid-2007. Is that not true?]]> Sun, 04 Oct 2009 09:33:26 -0400
ECRI has done pretty well in the economic prediction business.


On Oct 03 07:43 PM Owen B wrote:

> You wrote, "ECRI has been wrong before and they were in 2007 about
> the strength of our economy"
>
> But I've heard ECRI state that GDP growth reached a 4-year high in
> mid-2007. Is that not true?]]> http://seekingalpha.com/article/164498-no-chance-of-a-v-recovery?source=feed#comment-701744 701744
Again, this why you will start to see recovery in consumer spending before unemployment shows significant reduction.


On Oct 02 06:42 PM bottoms-up wrote:

> Usually it would be a lagging indicator, but nobody factored in the
> percent of the economy based on consumer spending. That is the new
> kid in town and nobody can predict how this consumer society can
> spend without jobs and/or the abuse of credit.]]> Sat, 03 Oct 2009 15:31:29 -0400
Again, this why you will start to see recovery in consumer spending before unemployment shows significant reduction.


On Oct 02 06:42 PM bottoms-up wrote:

> Usually it would be a lagging indicator, but nobody factored in the
> percent of the economy based on consumer spending. That is the new
> kid in town and nobody can predict how this consumer society can
> spend without jobs and/or the abuse of credit.]]> http://seekingalpha.com/article/164498-no-chance-of-a-v-recovery?source=feed#comment-700648 700648
That is one reason why unemployment is a lagging indicator. Because of this, recovery starts in advance of employment recovery. ]]> Fri, 02 Oct 2009 16:27:49 -0400
That is one reason why unemployment is a lagging indicator. Because of this, recovery starts in advance of employment recovery. ]]> http://seekingalpha.com/article/164498-no-chance-of-a-v-recovery?source=feed#comment-700338 700338
1. ECRI's WLI is pointing to a robust recovery.
2. The housing market often leads us out of recession and the housing market is showing signs of recovery.
3. Developing economies in India and East Asia are recovering nicely.
4. The Atlanta Fed reports that Global Trade increased at it's fastest pace in 5 years.
5. Foreign demand is expected to add ~1.3% to US GDP in 2010

Could it be that proponents of a "ready-aim-fire" economic theory might be upset by the the "ready-fire-aim" approach? If we end up with a strong V shape, will you change your minds?]]> Fri, 02 Oct 2009 12:57:06 -0400
1. ECRI's WLI is pointing to a robust recovery.
2. The housing market often leads us out of recession and the housing market is showing signs of recovery.
3. Developing economies in India and East Asia are recovering nicely.
4. The Atlanta Fed reports that Global Trade increased at it's fastest pace in 5 years.
5. Foreign demand is expected to add ~1.3% to US GDP in 2010

Could it be that proponents of a "ready-aim-fire" economic theory might be upset by the the "ready-fire-aim" approach? If we end up with a strong V shape, will you change your minds?]]> http://seekingalpha.com/article/162478-why-e-trade-is-a-must-buy?source=feed#comment-688395 688395 Wed, 23 Sep 2009 21:24:34 -0400 http://seekingalpha.com/article/162681-time-to-call-out-wells-fargo-s-balance-sheet?source=feed#comment-688276 688276
"If I had to put all of my net worth into one stock, that would be the stock."

Of course, that was when WFC was ~$9 per share. Today it is close to $30. That aside, he has invested ~20% of Berkshires portfolio in WFC. Probably very few know more about WFC's balance sheet than does Warren. As far as I know Berkshire is holding tight on WFC, and I really think based upon this, that it is still a great investment. ]]> Wed, 23 Sep 2009 19:14:30 -0400
"If I had to put all of my net worth into one stock, that would be the stock."

Of course, that was when WFC was ~$9 per share. Today it is close to $30. That aside, he has invested ~20% of Berkshires portfolio in WFC. Probably very few know more about WFC's balance sheet than does Warren. As far as I know Berkshire is holding tight on WFC, and I really think based upon this, that it is still a great investment. ]]> http://seekingalpha.com/article/162160-if-the-recession-is-over-what-now-ben?source=feed#comment-683172 683172
Lakshman Achuthan's ECRI WLI (weekly leading index) has reached the highest level since August 29th 2008. This interesting index is pointing to a recovery that is expected to be fairly robust and with no indication of double dip.

www.rubbernet.com.sg/e...

I will watch carefully to see what type of exit strategy the FED develops, but I don't expect to see much indication for one to two years.

In the meantime, from an investment perspective, this run looks like it has a ways to go, and I will continue to take advantage with profits to the bank. ]]> Fri, 18 Sep 2009 21:48:38 -0400
Lakshman Achuthan's ECRI WLI (weekly leading index) has reached the highest level since August 29th 2008. This interesting index is pointing to a recovery that is expected to be fairly robust and with no indication of double dip.

www.rubbernet.com.sg/e...

I will watch carefully to see what type of exit strategy the FED develops, but I don't expect to see much indication for one to two years.

In the meantime, from an investment perspective, this run looks like it has a ways to go, and I will continue to take advantage with profits to the bank. ]]> http://seekingalpha.com/article/161927-pundits-are-wrong-healthcare-reform-will-increase-profits?source=feed#comment-682793 682793
The problem is that this will never occur, and furthermore our moral constraints would never allow us to go to this extreme.

Competition on healthcare in the USA is a non-achievable pipedream.


On Sep 18 01:19 PM Guitanguran wrote:

> two things:
>
> Free markets can work in healthcare. Consider Lasik surgery. As out
> of pocket expense, the consumer (patient) has to choose wisely. The
> result is that technology, efficacy, and choices have gone up, and
> prices have gone down. Why? Because the person getting the procedure
> has to pay for it. And, the person providing the procedure has to
> compete with other providers.
>
> Why not take the tax break now given to employers on health insurance,
> have them pay the employees the equivalent difference of healthcare
> cost to them as salary, give the tax break to the employee, and open
> up insurance options across the country? Indigents, widows, and orphans
> can be taken care of by tax credits on 'pro-bono' care. Portability
> and pre-existing issues could be dealt with by letting the individual
> buy and keep their policy forever if they like.]]> Fri, 18 Sep 2009 14:36:12 -0400
The problem is that this will never occur, and furthermore our moral constraints would never allow us to go to this extreme.

Competition on healthcare in the USA is a non-achievable pipedream.


On Sep 18 01:19 PM Guitanguran wrote:

> two things:
>
> Free markets can work in healthcare. Consider Lasik surgery. As out
> of pocket expense, the consumer (patient) has to choose wisely. The
> result is that technology, efficacy, and choices have gone up, and
> prices have gone down. Why? Because the person getting the procedure
> has to pay for it. And, the person providing the procedure has to
> compete with other providers.
>
> Why not take the tax break now given to employers on health insurance,
> have them pay the employees the equivalent difference of healthcare
> cost to them as salary, give the tax break to the employee, and open
> up insurance options across the country? Indigents, widows, and orphans
> can be taken care of by tax credits on 'pro-bono' care. Portability
> and pre-existing issues could be dealt with by letting the individual
> buy and keep their policy forever if they like.]]> http://seekingalpha.com/article/161927-pundits-are-wrong-healthcare-reform-will-increase-profits?source=feed#comment-682544 682544
So in case you didn't notice, we already have a quasi-socialist system without competition and rising prices of ~10% per year. What makes you think that this is sustainable? What makes you think that the current US system is capitalist? Our healthcare results are comparatively inferior to countries!

So what are you defending, except for an unsustainable system that does not provide adequate care and will strangle the USA with rising costs!!


On Sep 17 07:00 PM Wisdom vs. Information wrote:

> check the scoreboard: european standard of living has steadily been
> falling behind the US since we pulled the defense nurse bottle away
> and is now 30% lower; japan has been in recession since 1990, same
> time frame. what do you socialist not get about 'does not work'?
> you have the evidence in your face and you just keep plowing along
> with your head in sand, loving the taste of dirt
>
> if socialized medicine is so great, why can't euro and japanese corps
> compete with US corps? not only is your theory ridiculous on its
> face, evidence directly contradicts you. embarrassing]]> Fri, 18 Sep 2009 11:38:24 -0400
So in case you didn't notice, we already have a quasi-socialist system without competition and rising prices of ~10% per year. What makes you think that this is sustainable? What makes you think that the current US system is capitalist? Our healthcare results are comparatively inferior to countries!

So what are you defending, except for an unsustainable system that does not provide adequate care and will strangle the USA with rising costs!!


On Sep 17 07:00 PM Wisdom vs. Information wrote:

> check the scoreboard: european standard of living has steadily been
> falling behind the US since we pulled the defense nurse bottle away
> and is now 30% lower; japan has been in recession since 1990, same
> time frame. what do you socialist not get about 'does not work'?
> you have the evidence in your face and you just keep plowing along
> with your head in sand, loving the taste of dirt
>
> if socialized medicine is so great, why can't euro and japanese corps
> compete with US corps? not only is your theory ridiculous on its
> face, evidence directly contradicts you. embarrassing]]> http://seekingalpha.com/article/161244-there-are-no-good-choices-for-the-fed?source=feed#comment-676733 676733
That aside, in recent correspondence with Lakshman Achuthan he indicated that there was a chance of a double dip, but that during the last two recoveries the Fed waited quite a while before pulling back. He indicated that we should keep an eye on the ECRI WLI (weekly leading index), and if it backs off sharply then buckle up. For now though things look to get better. Look at the chart in ECRI and you will see that it is moving up. ]]> Mon, 14 Sep 2009 20:49:22 -0400
That aside, in recent correspondence with Lakshman Achuthan he indicated that there was a chance of a double dip, but that during the last two recoveries the Fed waited quite a while before pulling back. He indicated that we should keep an eye on the ECRI WLI (weekly leading index), and if it backs off sharply then buckle up. For now though things look to get better. Look at the chart in ECRI and you will see that it is moving up. ]]> http://seekingalpha.com/article/160988-bad-money-by-kevin-phillips-a-terrific-primer-on-today-s-issues?source=feed#comment-673828 673828
I agree that it is time for an update and will certainly purchase a followon.

My recommendation is to to read this book and put into perspective with all that has occurred in the last year. As a matter of fact, I think that I will read it again.


On Sep 12 04:53 PM yblarrr wrote:

> A little out dated. Pub. 2008 a lot has happened since then. May
>
> be time for an update.]]> Sat, 12 Sep 2009 17:12:23 -0400
I agree that it is time for an update and will certainly purchase a followon.

My recommendation is to to read this book and put into perspective with all that has occurred in the last year. As a matter of fact, I think that I will read it again.


On Sep 12 04:53 PM yblarrr wrote:

> A little out dated. Pub. 2008 a lot has happened since then. May
>
> be time for an update.]]> http://seekingalpha.com/article/161011-rough-times-ahead-for-natural-gas?source=feed#comment-673051 673051
This of course has changed the equation, and it makes a lot of sense to start a gradual shift to using LNG as a transporation fuel. This would dramatically reduce oil imports, and we would be burning a cleaner fuel. This makes so much sense, that I am hopeful that the markets will eventually lead us in this direction. ]]> Fri, 11 Sep 2009 21:09:51 -0400
This of course has changed the equation, and it makes a lot of sense to start a gradual shift to using LNG as a transporation fuel. This would dramatically reduce oil imports, and we would be burning a cleaner fuel. This makes so much sense, that I am hopeful that the markets will eventually lead us in this direction. ]]> http://seekingalpha.com/article/160977-will-sprint-s-new-phone-plans-impact-customer-sentiment?source=feed#comment-672202 672202
I then went to AT&T and switched two phones with a Blackberry upgrade for free, and we will soon see how the monthly bills compare. Futhermore the maintenance contract is quite a bit better thant was Sprints.

The net of this is that Sprint is driving their customers away. This has been going on for years, and their top management has their head stuck in the sands. ]]> Fri, 11 Sep 2009 11:24:47 -0400
I then went to AT&T and switched two phones with a Blackberry upgrade for free, and we will soon see how the monthly bills compare. Futhermore the maintenance contract is quite a bit better thant was Sprints.

The net of this is that Sprint is driving their customers away. This has been going on for years, and their top management has their head stuck in the sands. ]]> http://seekingalpha.com/article/160181-what-if-it-is-a-v-recovery?source=feed#comment-664211 664211
So I see continued advance for the next 6 to 9 months. I don't know what will follow after that, but think that world wide economic policies will show the future. That is is subesequent results will be heavily based upon exit strategies that might require a tight roap waker.

Interestingly enough, actual results often appear to be the opposite of many posting on this site. So from a contrarian perspective, look at those yelling and turning blue on Seeking Alpha, and take the opposite direction. ]]> Sun, 06 Sep 2009 13:51:05 -0400
So I see continued advance for the next 6 to 9 months. I don't know what will follow after that, but think that world wide economic policies will show the future. That is is subesequent results will be heavily based upon exit strategies that might require a tight roap waker.

Interestingly enough, actual results often appear to be the opposite of many posting on this site. So from a contrarian perspective, look at those yelling and turning blue on Seeking Alpha, and take the opposite direction. ]]> http://seekingalpha.com/article/158948-healthcare-reform-costs-are-always-underestimated?source=feed#comment-659298 659298
On Aug 31 12:14 PM milkchaser wrote:
> To JCC: The FDA and medical regulation in general, while contributing > to the cost, also contribute mightily to the safety of American medicine. On balance, they do more good than harm. >]]> Wed, 02 Sep 2009 18:54:26 -0400
On Aug 31 12:14 PM milkchaser wrote:
> To JCC: The FDA and medical regulation in general, while contributing > to the cost, also contribute mightily to the safety of American medicine. On balance, they do more good than harm. >]]> http://seekingalpha.com/article/158948-healthcare-reform-costs-are-always-underestimated?source=feed#comment-653901 653901
While you have a point on the underestimation of true costs, the overall underestimation is far worse in the USA than in the other countries that you mentioned. Idiotic regulations, and poorly contrived laws, like the one that prevents the government from negotiating costs for pharmaceuticals cause this.

So our choice is to get rid of all of the regulation and the FDA, to form a free market, or to craft a plan as is being done today. The first choice of getting rid of regulation and the FDA will never happen in the USA.

The second choice has a chance, and we cannot afford to continue with the current system. ]]> Sun, 30 Aug 2009 19:21:16 -0400
While you have a point on the underestimation of true costs, the overall underestimation is far worse in the USA than in the other countries that you mentioned. Idiotic regulations, and poorly contrived laws, like the one that prevents the government from negotiating costs for pharmaceuticals cause this.

So our choice is to get rid of all of the regulation and the FDA, to form a free market, or to craft a plan as is being done today. The first choice of getting rid of regulation and the FDA will never happen in the USA.

The second choice has a chance, and we cannot afford to continue with the current system. ]]> http://seekingalpha.com/article/158844-four-reasons-we-re-headed-even-higher?source=feed#comment-650775 650775
So yell and scream and point down as the market goes up. Vent your anger at specific companies because they got help, and watch the stock rise. Have a fit over the current deficit, and forget the history of WWII. When we continue to to lie to ourselves, we will not make good investments.

When others reap the rewards we will say it is impossible, because of @*^%#**&^!!!!!!! ]]> Fri, 28 Aug 2009 10:23:55 -0400
So yell and scream and point down as the market goes up. Vent your anger at specific companies because they got help, and watch the stock rise. Have a fit over the current deficit, and forget the history of WWII. When we continue to to lie to ourselves, we will not make good investments.

When others reap the rewards we will say it is impossible, because of @*^%#**&^!!!!!!! ]]> http://seekingalpha.com/article/158641-banking-on-wells-fargo?source=feed#comment-650703 650703
On the other hand, Goldman is hated by a group of individuals who use emotion and myth to justify their investment decisions. If you allow emotion to govern your decisions you will generally take the wrong path. In other words, don't lie to yourself.

Many on this blog rant and rave and lie to themselves, and therefore make poor decisions.


On Aug 27 07:51 PM whidbey wrote:

> It is certainly one of the more hated banks in the USA.
>
> In general the bank has serious problems in real estate and client
> relations, even if Warren loves it, most of its clients think it
> is a slick and less than fair bank. If it grows it will be at the
> expense of better banks. Let us hope we can do better, it should
> not be too hard.]]> Fri, 28 Aug 2009 09:55:15 -0400
On the other hand, Goldman is hated by a group of individuals who use emotion and myth to justify their investment decisions. If you allow emotion to govern your decisions you will generally take the wrong path. In other words, don't lie to yourself.

Many on this blog rant and rave and lie to themselves, and therefore make poor decisions.


On Aug 27 07:51 PM whidbey wrote:

> It is certainly one of the more hated banks in the USA.
>
> In general the bank has serious problems in real estate and client
> relations, even if Warren loves it, most of its clients think it
> is a slick and less than fair bank. If it grows it will be at the
> expense of better banks. Let us hope we can do better, it should
> not be too hard.]]> http://seekingalpha.com/article/158641-banking-on-wells-fargo?source=feed#comment-649521 649521
Goldman started to payoff earlier, and is probably headed to $300 or more. WFC with their excellent management appears read to really fly in 2010. I suspect $50 per share.

If you don't lie to yourself and avoid emotional traps, it is easy to pick winners, and many more are on the way. If you wait for the adisory articles you will generally miss the boat. ]]> Thu, 27 Aug 2009 16:47:33 -0400
Goldman started to payoff earlier, and is probably headed to $300 or more. WFC with their excellent management appears read to really fly in 2010. I suspect $50 per share.

If you don't lie to yourself and avoid emotional traps, it is easy to pick winners, and many more are on the way. If you wait for the adisory articles you will generally miss the boat. ]]> http://seekingalpha.com/article/142880-geron-s-risk-reward-profile-best-in-biotech?source=feed#comment-635148 635148 Tue, 18 Aug 2009 13:57:14 -0400 http://seekingalpha.com/instablog/160602-gerry-sullivan/10106-why-gm-stock-is-trading-above-1-00?source=feed#comment-632886 632886
The original conversion that was tossed about was 225 shares per $1000 face value of the bonds, plus warrents for an additional 15% of the company.

Any idea of how that will turn out?]]> Mon, 17 Aug 2009 09:46:52 -0400
The original conversion that was tossed about was 225 shares per $1000 face value of the bonds, plus warrents for an additional 15% of the company.

Any idea of how that will turn out?]]> http://seekingalpha.com/instablog/377272-nuke-john/22996-rambus-litigation-update-the-price-fixing-case-goes-forward?source=feed#comment-632156 632156
I don't know where this run will end at, but for now it looks a golden road!!

Thanks for information, and expert guidance. ]]> Sun, 16 Aug 2009 15:21:35 -0400
I don't know where this run will end at, but for now it looks a golden road!!

Thanks for information, and expert guidance. ]]> http://seekingalpha.com/article/147317-rambus-legal-battles-continue?source=feed#comment-631293 631293
I will be fun to watch this stock over the next month and an half.

Thanks for the TIP!!


On Aug 14 02:43 PM Nuke John wrote:

>
> Sorry, just saw your comment. No.....the Korean government will likely
> be a party to the settlement discussions (in some form or fashion).
> If there is no settlement, then Rambus will just win in court and
> if they want to do business in the US....they will have to pay up.
> What the Koreans want is to drive a few more smallier DRAM companies
> out of business so they control over 60% of the world DRAM market.
> Paying Rambus a measley 2% will still allow them to make a fortune...they
> will just pass the royalty on down the value chain.
>
> On Jul 28 04:11 PM Robert0713 wrote:]]> Sat, 15 Aug 2009 20:52:13 -0400
I will be fun to watch this stock over the next month and an half.

Thanks for the TIP!!


On Aug 14 02:43 PM Nuke John wrote:

>
> Sorry, just saw your comment. No.....the Korean government will likely
> be a party to the settlement discussions (in some form or fashion).
> If there is no settlement, then Rambus will just win in court and
> if they want to do business in the US....they will have to pay up.
> What the Koreans want is to drive a few more smallier DRAM companies
> out of business so they control over 60% of the world DRAM market.
> Paying Rambus a measley 2% will still allow them to make a fortune...they
> will just pass the royalty on down the value chain.
>
> On Jul 28 04:11 PM Robert0713 wrote:]]> http://seekingalpha.com/article/155000-more-goldman-paulson-tarnish?source=feed#comment-623150 623150
All that matters to many is that we kill the successful companies, because of conspiracy theories.

This is analogous to the Salem Witch Trials. So keep it up folks and you can burn success at the stake and kill our society and capitalism. ]]> Mon, 10 Aug 2009 10:30:23 -0400
All that matters to many is that we kill the successful companies, because of conspiracy theories.

This is analogous to the Salem Witch Trials. So keep it up folks and you can burn success at the stake and kill our society and capitalism. ]]> http://seekingalpha.com/article/154665-economic-glimmers-of-light?source=feed#comment-621461 621461
Even Nouriel Roubini is praising policy makers for their actions. Roubini recently urged that Mr. Bernanke be reappointed as Federal Reserve chairman, saying he helped avert a “near depression last fall.

Earlier this year, Bernanke, Obama, Geithner and Summers understood that the riight-wing calls to 'Let the banks go bankrupt' and the left-wing calls to 'Nationalize the Banks' were both insane. The same can be said last year about Bush, Paulson and Bernanke.

Currently economies in countries that enacted large programs (United States, China and Australia) are faring better than those that enacted smaller programs (France, Italy and India).

In the next year or more the White House and Fed will face the complicated problem on how to withdraw from the enormous government intervention. The President will have to sell Congress on an agenda of regulation and contral that will insulate economy away from boom-and-bust cycles.

Todays markets appear to accepting the conclusion that a recovery is underway. I don't know how long this will last, but right now, the green shoots are growing rapidly. It is even being noticed by many small businesss owners. In some cases like in banking we don't have green shoots, but instead we have giant redwood trees. ]]> Sat, 08 Aug 2009 20:26:34 -0400
Even Nouriel Roubini is praising policy makers for their actions. Roubini recently urged that Mr. Bernanke be reappointed as Federal Reserve chairman, saying he helped avert a “near depression last fall.

Earlier this year, Bernanke, Obama, Geithner and Summers understood that the riight-wing calls to 'Let the banks go bankrupt' and the left-wing calls to 'Nationalize the Banks' were both insane. The same can be said last year about Bush, Paulson and Bernanke.

Currently economies in countries that enacted large programs (United States, China and Australia) are faring better than those that enacted smaller programs (France, Italy and India).

In the next year or more the White House and Fed will face the complicated problem on how to withdraw from the enormous government intervention. The President will have to sell Congress on an agenda of regulation and contral that will insulate economy away from boom-and-bust cycles.

Todays markets appear to accepting the conclusion that a recovery is underway. I don't know how long this will last, but right now, the green shoots are growing rapidly. It is even being noticed by many small businesss owners. In some cases like in banking we don't have green shoots, but instead we have giant redwood trees. ]]>