Errol's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/257485/comments http://seekingalpha.com/article/152559-the-bears-capitulate?source=feed#comment-609044 609044 Thu, 30 Jul 2009 19:15:35 -0400 http://seekingalpha.com/article/130128-marc-faber-s-10-prediction-gimme-a-break?source=feed#comment-456859 456859 Wed, 08 Apr 2009 17:53:28 -0400 http://seekingalpha.com/article/112275-bubbly-treasuries-will-disappoint?source=feed#comment-338252 338252 Thu, 25 Dec 2008 14:27:47 -0500 http://seekingalpha.com/article/110580-what-s-best-for-the-economy-monetary-policy-government-spending-or-tax-cuts?source=feed#comment-330498 330498 I wholeheartedly agree that a recession is a contraction of the economy and that job loss is a symptom of recession, not the cause. However, and I have worked in the supply chain for four years, so I can speak with some experience, that government expenditure in infrastructure, is great if it promotes increased economic activity outside of the initial goal of the project - i.e. that spending leads to further growth. In this case, how can repairing roads that are already there lead to further growth? Moreover, you state that supply networks would benefit from this spending, again I disagree. Supply networks are running very low on product as companies have slashed prices in order to promote sales and increase cash. Any spending on copper, lead, etc will only lead to a supply chain inefficiency and a spike in prices - hence stagflation. I think you assume to much in capital purchases - I am not confident that businesses in this climate would invest in expensive capital if the future aside from government sponsored purchases may not be there. I think you'll agree that a better source of spending would be in energy independence - both alternative sources of energy and drilling for more oil, since our entire infrastructure does depend on oil and because as the price of oil drops, so do oil producing projects which could lead to a harsh bottleneck in the future.
Cheers]]> Mon, 15 Dec 2008 20:34:25 -0500 I wholeheartedly agree that a recession is a contraction of the economy and that job loss is a symptom of recession, not the cause. However, and I have worked in the supply chain for four years, so I can speak with some experience, that government expenditure in infrastructure, is great if it promotes increased economic activity outside of the initial goal of the project - i.e. that spending leads to further growth. In this case, how can repairing roads that are already there lead to further growth? Moreover, you state that supply networks would benefit from this spending, again I disagree. Supply networks are running very low on product as companies have slashed prices in order to promote sales and increase cash. Any spending on copper, lead, etc will only lead to a supply chain inefficiency and a spike in prices - hence stagflation. I think you assume to much in capital purchases - I am not confident that businesses in this climate would invest in expensive capital if the future aside from government sponsored purchases may not be there. I think you'll agree that a better source of spending would be in energy independence - both alternative sources of energy and drilling for more oil, since our entire infrastructure does depend on oil and because as the price of oil drops, so do oil producing projects which could lead to a harsh bottleneck in the future.
Cheers]]> http://seekingalpha.com/article/110597-buy-ford-short-gm?source=feed#comment-329821 329821 Mon, 15 Dec 2008 10:00:36 -0500 http://seekingalpha.com/article/110638-sentiment-overview-a-little-more-bullish?source=feed#comment-329563 329563 Sun, 14 Dec 2008 23:55:07 -0500 http://seekingalpha.com/article/110539-falling-foreclosure-headlines-are-misleading?source=feed#comment-329360 329360 Sun, 14 Dec 2008 17:37:52 -0500 http://seekingalpha.com/article/110580-what-s-best-for-the-economy-monetary-policy-government-spending-or-tax-cuts?source=feed#comment-329357 329357 Sun, 14 Dec 2008 17:33:58 -0500 http://seekingalpha.com/article/109304-just-how-sensitive-is-the-economy-to-the-auto-industry?source=feed#comment-321604 321604 Fri, 05 Dec 2008 09:59:12 -0500 http://seekingalpha.com/article/108190-bailout-is-top-contender-for-word-of-the-year?source=feed#comment-316386 316386 Thu, 27 Nov 2008 16:23:50 -0500 http://seekingalpha.com/article/107790-looking-for-a-new-bottom-fishing-story?source=feed#comment-315163 315163 Tue, 25 Nov 2008 21:52:48 -0500 http://seekingalpha.com/article/107461-sentiment-overview-are-we-finally-getting-bearish?source=feed#comment-313203 313203 Sun, 23 Nov 2008 19:55:08 -0500 http://seekingalpha.com/article/107219-the-reit-time-to-buy?source=feed#comment-311657 311657 So let me get this straight. We're going to see much higher levels of unemployment, less spending by consumers and lot of businesses going under and you are advising people to buy REITs? ]]> Fri, 21 Nov 2008 10:01:59 -0500 So let me get this straight. We're going to see much higher levels of unemployment, less spending by consumers and lot of businesses going under and you are advising people to buy REITs? ]]> http://seekingalpha.com/article/106002-bullish-on-switzerland?source=feed#comment-305980 305980 These two banks combined control more than 750% of their respective countries GDP. 750%!
ftalphaville.ft.com/bl...
]]> Fri, 14 Nov 2008 09:47:09 -0500 These two banks combined control more than 750% of their respective countries GDP. 750%!
ftalphaville.ft.com/bl...
]]> http://seekingalpha.com/article/105764-jim-rogers-still-bullish-on-commodities-bearish-on-the-fed?source=feed#comment-304976 304976 Thu, 13 Nov 2008 09:24:45 -0500 http://seekingalpha.com/article/105445-obama-and-taxes-what-to-expect?source=feed#comment-304037 304037 Wed, 12 Nov 2008 11:00:27 -0500 http://seekingalpha.com/article/105445-obama-and-taxes-what-to-expect?source=feed#comment-304036 304036 Wed, 12 Nov 2008 11:00:27 -0500 http://seekingalpha.com/article/101916-abundant-opportunities-in-bear-markets?source=feed#comment-291081 291081 "Bush W. inherited a fair economy which he put down the tubes."

Bush had to deal with 9-11 and the NASDAQ crash.

I'm not pro-Bush by any means, but increasing taxation during a recession is moronic. And I posted a website for you to check who gets taxed what.

As for the Depression, if you go back and look at the FDR administration, they increased taxes and prolonged the recession...read about it.
]]> Sun, 26 Oct 2008 20:25:19 -0400 "Bush W. inherited a fair economy which he put down the tubes."

Bush had to deal with 9-11 and the NASDAQ crash.

I'm not pro-Bush by any means, but increasing taxation during a recession is moronic. And I posted a website for you to check who gets taxed what.

As for the Depression, if you go back and look at the FDR administration, they increased taxes and prolonged the recession...read about it.
]]> http://seekingalpha.com/article/101753-does-it-pay-to-follow-buffet-blindly?source=feed#comment-291011 291011 Those comments weren't directed towards you at all....take some medication for your paranoia.]]> Sun, 26 Oct 2008 18:07:10 -0400 Those comments weren't directed towards you at all....take some medication for your paranoia.]]> http://seekingalpha.com/article/101916-abundant-opportunities-in-bear-markets?source=feed#comment-290911 290911 "We work tirelessly to make something new in the world, share it with humanity and enjoy the fruits of our labors. This is not a result of economic theory; it is simply who we are."
Not when our biggest airline can't produce because the of a strike. Not when neither presidential candidate really understands the economy and especially not when the perceived next president wants to increase taxes on a portion of the population that already pays over 50% of the nations taxes (despite how the dems manipulate words, the top 1% of the nations taxpayers pay 29% of the nations taxes; the top 5% pay over 50% www.allegromedia.com/s.../) When you research the Great Depression, it was poorly guided government policies of monetary contraction (which thankfully Bernanke is avoiding, but may lead to massive inflation down the road) and taxation that PROLONGED the depression.
The next administration is going to have a host of crisis to deal with and frankly I don't think either has a grasp on what to do.]]> Sun, 26 Oct 2008 14:28:05 -0400 "We work tirelessly to make something new in the world, share it with humanity and enjoy the fruits of our labors. This is not a result of economic theory; it is simply who we are."
Not when our biggest airline can't produce because the of a strike. Not when neither presidential candidate really understands the economy and especially not when the perceived next president wants to increase taxes on a portion of the population that already pays over 50% of the nations taxes (despite how the dems manipulate words, the top 1% of the nations taxpayers pay 29% of the nations taxes; the top 5% pay over 50% www.allegromedia.com/s.../) When you research the Great Depression, it was poorly guided government policies of monetary contraction (which thankfully Bernanke is avoiding, but may lead to massive inflation down the road) and taxation that PROLONGED the depression.
The next administration is going to have a host of crisis to deal with and frankly I don't think either has a grasp on what to do.]]> http://seekingalpha.com/article/101753-does-it-pay-to-follow-buffet-blindly?source=feed#comment-290363 290363 ]]> Sat, 25 Oct 2008 15:46:07 -0400 ]]> http://seekingalpha.com/article/101656-how-central-banks-destabilized-the-world-s-economies?source=feed#comment-289627 289627 Fri, 24 Oct 2008 11:53:23 -0400 http://seekingalpha.com/article/101714-another-bloodbath?source=feed#comment-289608 289608 Fri, 24 Oct 2008 11:33:50 -0400 http://seekingalpha.com/article/100564-is-the-vix-signaling-an-inflection-point-in-the-markets?source=feed#comment-285697 285697 Sun, 19 Oct 2008 12:56:59 -0400 http://seekingalpha.com/article/100596-why-are-investors-returning-to-the-dollar?source=feed#comment-285690 285690 Sun, 19 Oct 2008 12:42:23 -0400 http://seekingalpha.com/article/100135-bottom-fishing-some-signs-to-consider?source=feed#comment-283891 283891 Thu, 16 Oct 2008 14:25:44 -0400 http://seekingalpha.com/article/97375-don-t-let-the-times-stop-you-from-taking-action?source=feed#comment-265088 265088 Thu, 25 Sep 2008 14:53:14 -0400 http://seekingalpha.com/article/94314-the-great-dollar-pump-of-2008-a-doomed-central-bank-intervention?source=feed#comment-247740 247740 Sun, 07 Sep 2008 17:28:53 -0400