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  • General Electric Resorts To Financial Engineering To Boost Stock Price [View article]
    GE was not the only company to gut its R&D. IBM and AT&T Bell Labs (now Lucent) come to mind. These companies also have experienced a long down-hill slide. If these giants are not going to innovate, they have to at least identify young innovate companies, buy them, and integrate them into their corporate structure. This is a much better use of funds than stock buy-backs.
    Apr 12, 2015. 10:44 PM | Likes Like |Link to Comment
  • Bernanke Supercycles [View article]
    "capital seeks its highest return and that is found were wages are lowest, capital will move to where wages are lowest. "

    Then Sub-Saharan Africa would be attracting all the world's capital, and money would be flowing out of Germany and into Eastern Europe. Low wages are one factor, but not the only factor, nor the most important factor. All other things being equal, capital will move to the lowest wage environment. But all things are not equal, and thus the US still remains the world's largest manufacturer.
    Apr 10, 2015. 02:17 PM | 1 Like Like |Link to Comment
  • Central Banking Refuted In One Blog- Thanks Ben! [View article]
    Interesting discussion Michael. As always, your comments give us new things to think about.

    "The meek are true humans; the Egos are humans who believe they are either gods or on God's side."

    I disagree. The meek and the egoists are both true humans. The egotists are needed bring progress and advance the human race forward and outward. The meek are needed to prevent human overreach and move us inward. Outward - the rational, inward - the spiritual. The egoist tries to bring about "the new", the meek seeks to preserve what is valuable in "the old". Yin and yang. They are both necessary parts of the same dynamic.
    Apr 7, 2015. 01:08 AM | 1 Like Like |Link to Comment
  • Why Yellen And The Feds Are Bubble Blind - They Apparently Believe Wall Street's EPS Scam [View article]
    Yes, I can already picture Paul Krugnam saying: "If only they had spent five Trillion dollars like I called for ..."
    Mar 24, 2015. 01:32 AM | 3 Likes Like |Link to Comment
  • Night Of The Curling Laminates [View article]
    Yes, I think he used every lumber pun in the book.
    Mar 17, 2015. 09:28 PM | Likes Like |Link to Comment
  • Business Cycles, Bubbles And Changing Valuations [View article]
    Yes, but once it starts, the Fed is likely to lower interest rates again or restart QE in an attempt to flight it. My question is: Will further intervention delay the eventual meltdown, increase the severity of the eventual meltdown, or both?
    Mar 16, 2015. 12:19 AM | Likes Like |Link to Comment
  • Inaccuracy Or Misconduct? [View article]
    Who said we should do everything at extremes? You're the one who scoffed at "leaving things alone".

    "Feeding "banksters" is obviously unproductive.. Feeding the "little people" another story all together.."

    Says who? We've been "feeding" little people since LBJ started the War on Poverty. Pure demand-side economics. It was a moral decision, but what did that accomplish economically? Nothing. The big argument of the "We Must Do Something!" interventionists was that if the big banks collapsed so would the entire banking system, and in the end the "little people" would suffer. Well, they've suffered anyway. How about letting nature take it's course and allowing some big banks to fail. That would send a clear message to the rest of the bankers. Every single boondoggle in the history of man has been sold as a way to help the "little guy".
    Feb 20, 2015. 01:07 PM | 1 Like Like |Link to Comment
  • Inaccuracy Or Misconduct? [View article]
    Unicorns and fairies is thinking that micromanaging everything will make everything better.
    Feb 19, 2015. 08:12 PM | Likes Like |Link to Comment
  • Inaccuracy Or Misconduct? [View article]
    "They just picked the wrong winners and losers"

    I guess that all depends on who you are. You claim that they picked the
    "wrong" winners and losers. But that's a moral judgment, not an economic one, and making economic decisions based on someone's moral position is how we got into this mess in the first place.
    Feb 19, 2015. 08:10 PM | Likes Like |Link to Comment
  • Terror Cover-Up Scandal In Argentina: Investment Implications Of Prosecutor Nisman's Death [View article]
    First, the owners of the pipeline charge for transport - it's a viable business and not all owners are Canadian. Second, the oil is now being transported by rail through the US far more expensively and far less efficiently by none other than democrat supporter and billionaire Warren Buffet - can you say "cronyism"? Third, the states which the oil pipeline passes through get to tax the oil flow. Fourth, oil is useless black gunk - until it's refined, and the U.S. makes a lot of money and provides a lot of jobs in the refinery business. Fifth, if you control the pipeline, the refineries, and the ports, you essentially control the oil. Oil transported to the gulf and refined can always be redirected to US users if the need arises. Oil shipped exclusively through Canada cannot, unless you want to invade our northern neighbors. Putin understands these things, which is why he worked hard to insure all the oil from the Caspian Sea basin ultimately flows Russia. Idiots in America don't. If you don't think controlling energy flows will benefit the US, look what it's done for Russia with respect to Europe.
    Feb 5, 2015. 12:16 PM | 1 Like Like |Link to Comment
  • Terror Cover-Up Scandal In Argentina: Investment Implications Of Prosecutor Nisman's Death [View article]
    Far more people were killed by the supposedly atheistic Nazi and Communist governments of Germany, the USSR, Vietnam, and Cambodia, than all the religious wars of history. Religions hardly have a monopoly on violence. Everyone carrying out war and committing mass crimes needs a justification to mollify their people. Religion is just a convenient excuse. The Nazis used racial superiority, and the Communists used socialism. Eliminating religion will not eliminate war and violence, nor will it eliminate stupid ideas.
    Feb 4, 2015. 12:18 PM | 3 Likes Like |Link to Comment
  • Terror Cover-Up Scandal In Argentina: Investment Implications Of Prosecutor Nisman's Death [View article]
    No more Bush's or Clintons in the White House. The implied nepotism is overwhelming, and quite frankly, disgusting . There are plenty of women who could run for president besides Hillary, as she's the lower female common denominator. Let her run a state for few years. Real leaders need real experience running real organizations with real accountability. The Clinton Foundation does not count. Until then she's not qualified, and riding Bill's coattails does not qualify her.

    "I'm sure she spent her eight years in the White House learning how it's done." Yeah sure. There are White House aids who have spend DECADES learning how it's done. That is not a serious qualification for president.
    Feb 2, 2015. 05:00 PM | Likes Like |Link to Comment
  • Terror Cover-Up Scandal In Argentina: Investment Implications Of Prosecutor Nisman's Death [View article]
    And what about Obama's whiny, self-centered little temper tantrum one-man government shutdown of the oil industry in Alaska and the Keystone pipeline? What will that cost our economy? If Ted Cruz had committed a crime, Eric Holder would have started the indictment long ago.
    Feb 2, 2015. 04:46 PM | 2 Likes Like |Link to Comment
  • Terror Cover-Up Scandal In Argentina: Investment Implications Of Prosecutor Nisman's Death [View article]
    We wouldn't need to worry about Big Business if Big Government was not so corrupt.
    Feb 2, 2015. 04:39 PM | Likes Like |Link to Comment
  • Mario Draghi: Charlatan Of The Apparatchiks [View article]
    Some of the data leads to an interesting question:

    Do rising middle-class wages create increased economic growth, or does increased economic growth create rising middle-class wages?

    Europe has had increasing worker wages but has experienced slow growth. The U.S. has exhibited declining median wages but has experienced better growth than Europe. It does not appear that the steadily increasing wages of the Europeans is creating new consumer-driven businesses and adding to growth, at least not in any economically meaningful way. Apparently the answer to the question above is:

    Neither at this time.

    There are other possible factors that are not considered like comparative global wage rates, exchange rates, and benefit values, but I would say that wages are mostly a determinant of local and global labor markets and far more loosely tied to the state of an economy, at least under stable conditions. During bubbles and busts however, the relationship between the state of the economy and wage rates can obviously change.
    Jan 26, 2015. 01:10 PM | Likes Like |Link to Comment