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Tricky

Tricky
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  • White flag from Greece has stocks on the move higher [View news story]
    There shouldn't be any more negotiations. If Greece doesn't like the terms, that's cool, find money elsewhere. Greece will never live up to its side of the bargain anyway, time to end the farce.
    Jul 1, 2015. 01:25 PM | Likes Like |Link to Comment
  • White flag from Greece has stocks on the move higher [View news story]
    We'll also have to cut off a lot of those deep red "taker states", don't forget them. If we cut off California, they should stop distributing their positive net surplus of federal bucks. Bad news for AL and MS :-{
    Jul 1, 2015. 10:38 AM | 2 Likes Like |Link to Comment
  • Greece threatens to sue Europe [View news story]
    Regardless of any "imperfections" of the US or other OECD countries' situation (and there are plenty), what stands out about Greece is the sheer SCALE of what a mess it is -- tax evasion, dependency of "employment" on public sector, the pension set up, etc. Thrown in the willful unwillingness, unless under coercive threat, to reform (along with nasty rhetoric against creditor nations) and why should I give a darn about Greece? There are lots of people suffering around the world, I'd rather help a more grateful group.
    Jul 1, 2015. 08:39 AM | Likes Like |Link to Comment
  • White flag from Greece has stocks on the move higher [View news story]
    Well, the democratically elected leadership of the nation state has so far proven unwilling to take on the structural reforms necessary to truly fix the situation. Maybe staring into the abyss will concentrate minds.
    Jul 1, 2015. 08:12 AM | 6 Likes Like |Link to Comment
  • Greece threatens to sue Europe [View news story]
    The vast majority of US debt is held by Americans and American institutions
    Jul 1, 2015. 08:03 AM | Likes Like |Link to Comment
  • Eurozone rejects Greece's bailout extension request [View news story]
    Hi Teutonic,

    Stepping back, I'm not one of those Americans who gleefully enjoys the EU meltdown out of some sort of schadenfreude. It's easy to forget that the various European institutions/projects were primarily started to prevent the kinds of carnage that occurred in the latter half of 19th century / 1st half of 20th. And I think they've been successful in that regard.

    But the average Jean/Juan on the European street doesn't appear to feel the same way about his neighboring countries the way the average American Joe feels about people in other US states (however much he may disagree w/ their politics). Hence the lack of political union that underlies the fatal flaws of the Euro. It's hard for me to see this dynamic changing anytime in the foreseeable future.

    Sorry to focus on the basics. But it's the very basics that cause the fundamental flaws.
    Jul 1, 2015. 06:50 AM | 2 Likes Like |Link to Comment
  • Eurozone rejects Greece's bailout extension request [View news story]
    Which other OECD countries have a tax collection problem as massive (relative to size) as Greece?
    Jul 1, 2015. 06:40 AM | Likes Like |Link to Comment
  • Greece threatens to sue Europe [View news story]
    Which other countries are paying for US disability cases?
    Jul 1, 2015. 06:37 AM | Likes Like |Link to Comment
  • Eurozone rejects Greece's bailout extension request [View news story]
    I should keep up with the news better, I missed all the celebrations when we added 2 new states.
    Jun 30, 2015. 06:14 PM | 1 Like Like |Link to Comment
  • Greece threatens to sue Europe [View news story]
    Well, it seems like it's the rank-n-file Greeks who want the govt to provide them an unproductive job with an ability to retire in their 50's and have other countries pay for that.
    Jun 30, 2015. 04:50 PM | 1 Like Like |Link to Comment
  • Google starting road tests for self-driving car prototypes [View news story]
    The money saved on parts from fewer wrecks stays in a lot of peoples' pockets and can be spent on other things. Maybe emergency rooms would have less "business" with fewer wrecks, but I don't know why that would be seen as a "bad" thing. How about the economic losses to the patients?
    May 19, 2015. 10:55 AM | Likes Like |Link to Comment
  • Google starting road tests for self-driving car prototypes [View news story]
    My musings -- the biggest driver of this technology is going to be the aging of the massive Baby Boomer cohort. I already trust a computer more than most humans to drive a car. I definitely trust a computer more than an 85-year old to drive a car.

    Re: the slippery road question -- I'd trust a computer's sensors/reactions to slippage (e.g., steering corrections) more than most humans'.
    May 16, 2015. 05:04 PM | Likes Like |Link to Comment
  • Bove: Banks "basically nationalized" [View news story]
    So, just to put a "modest proposal" on the table... my Goldman friend explained to me how indispensable Wall Street is to the US economy and therefore MUST have been bailed out or "this sucker was going down".

    So, sure sounds like a "utility" to me. And I think we know how utilities are managed.

    Just sayin' ;-)
    Mar 12, 2015. 02:19 PM | 3 Likes Like |Link to Comment
  • Greece's Real Problem [View article]
    "Professor Hausmann has responded again to my reply to his reply to my criticisms of his Project Syndicate post."

    I look forward to seeing your future reply to his reply to this article ;-)
    Mar 12, 2015. 09:59 AM | 1 Like Like |Link to Comment
  • Bove: Banks "basically nationalized" [View news story]
    Which doesn't explain why a wildly disproportionate number of bad mortgages were: 1) investment properties, and 2) concentrated in a few states
    Mar 12, 2015. 09:56 AM | 1 Like Like |Link to Comment
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