Longinvestor

Unwise to Tax the Rich to Pay for Health Care

The total number of jobs in the U.S. in 2006 was 150,600,000. If each job holder pays $10 more per year in taxes you get 1.5 trillion dollars that you need. Tax the employed seems obvious.

Wall Street Breakfast: Must-Know News

Oct . 17, 2008
Buffett: Time is right to jump back into stocks
'Be greedy when others are fearful,' legendary investor advises in article
www.msnbc.msn.com/id/2.../

Later, that year:
GS
17-Dec-08
opened at 75.33
high 81.29
low 74.14

GS
16-Jul-09
opened at 155.00

I did not listen...how about you?
disclosure: no GS positions during the period.

Wall Street Breakfast: Must-Know News

"It also marks the first loss for TARP, as Treasury officials have essentially written off the entire $2.3B investment made in CIT last year." If CIT decides upon chapter 11, and mind you, it is still an if, you can be absolutely sure that government lawyers will appear before the judge as one of the creditors to protect the TARP loan...it was not a gift.

Why Goldman's Fat Profits Are a Good Thing

It was a loan, not a gift.
It was a loan, not a purchase of controlling interest stock.
They are paying the taxpayers back.
They know how to game the system better than anybody on earth.
Learn from them.

GM Finds New Life with eBay; BYD Wants Green Buses

A biodiesel hybrid adds zero net CO2 to the climate unlike the fossil fuel natural gas. If you just got to have a PHEV, then why not run your backyard electric generator on biodiesel fuel?


On Jul 14 06:42 AM lefty37 wrote:

> Sure wish GM or someone would produce a nat. gas vehicle with an
> affordable "phill" At todays nat.gas prices the fuel would cost
> approx. 50 cents for a gallon of gasolene equilavent. Nat gas is
> "clean", abundent, and OURS. The technology is not NEW.
> For $3000 I can purchase a nat gas emergency generator large enough
> to power my home, which is way more energy then my transportation
> needs.
> All we need is, nat gas motor, home compressor, and a 5000 psi safe
> fuel tank. These things already exist.
> Who and what is in the way of this? And what are we waiting for?
>
> P.S. I cannot afford to replace all those batterys or to charge
> them up from our coal burning utility company. My electric bill is
> already too high.
>
>
>
>
>
>
>
>
> '

Lithium-Ion Batteries for Hybrid Vehicles?

So you burn coal and night so you can save gasoline in the morning? Why is that a clean solution? And why is that a CO2 solution? The electric company is likely to invoke the law of supply and demand and raise everyone's rate so as to have the expansion capital.


On Jul 13 04:37 PM speculawyer wrote:

> On Jul 13 04:19 PM Longinvestor wrote:

Lithium-Ion Batteries for Hybrid Vehicles?

So in terms of 2,080MW Hoover Dam sized powerplants, it will take only 55 of them running 24 hours a day to keep up with the extra energy requirement...
2,790,014MWhr/day/2,08...

On Jul 13 02:49 PM Nate dP wrote:

> Yes your figures are massively in error. gas engines are ~30% efficient
> and electric engines are ~90% efficient.
>
> Therefore: 20,925,109 megawatt-hours/day * 90/30 = 6,975,036MWhr/day
>
>
> furthermore only ~40% ( www.teslamotors.com/le...
> this graph doesn't break down different types of transportation but
> aviation is ~3% and semi-trucks are ~20%)
> of americas oil goes to PERSONAL transportation so:
>
> 6,975,036 * .4 = 2,790,014MWhr/day

Lithium-Ion Batteries for Hybrid Vehicles?

Are my figures in error? I did the math using year 2007 DOE.gov figures:
Petroleum Highway Energy use: 13,709,000 barrels/day
1 barrel=42 gallons
Use is 575,778,000 gallons/day.
gasoline energy=124,000 BTU/gallon
Energy use is=(575,778,000 gallons/day)*(124,000 BTU/gallon)/(1KWH/3,41... KWH/day.
That's 20,925,109 megawatt-hours/day energy use.
By the physical laws of conservation of energy, this much extra electricity must be generated to supply the highway transportation needs every day of the year.





On Jul 12 02:37 PM JRB1165 wrote:

> ( Brownout</span> Issues) Come on folks, do the math. Even at 25%
> of all vehicles on the road being plug-ins, peak power only increases
> 2%, while peak usage has been growing 0.8% per year. Don't focus
> on the kWhr but the kW that a EV might draw. A 110v EV will be able
> the same as your hairdryer. (Math above is for 220v 30a system.)
>
>
> Think of it another way, when you plug in at 6:00 PM all you do is
> extend the evening usage towards the morning rates.
>
> Please be more worried about the costs of all those new transformers
> outside your home ($600 per EV) vs new powerplants.
>
> John R. Bryan, PMP
> Smart Grid Program Manager
> Phone: [phone]
> Email: [e-mail]
> www.johnrbryan.com/Joh...
>

In an open letter (.pdf) to former Fed chief Paul Volcker, academic gold bug prof. Antal Fekete says the current situation in gold markets heralds "the greatest monetary crisis of all times," and could lead to the collapse of the international monetary and payments system. The 'gold crisis,' he says, will make the debt crisis of 2008 look like a dress rehearsal.

Absolutely no supporting data shown to support any of the author's assertions.

John Mauldin still can't figure out where all that money is supposed to come from: "I don't think the U.S. can find $2T this year and then come back to the well for another $1.5T next year without serious disruption in the markets. Where do you find that much money when all the rest of the world also wants to borrow massive amounts?"

The article also concerns high volume programmed trading...here is more on that:
www.nyse.com/pdfs/PT62...

GM Finds New Life with eBay; BYD Wants Green Buses

Bum steer: (GMGMQ.PK) is the OLD GM.

General Motors Company (the "new GM") currently has no publicly traded securities. per www.gm.com/corporate/i.../

www.wwj.com/Buying-Of-...

Obama Should Be Promoting Self Reliance, Not Another Stimulus

Typical negative attitude blinds your perception of what was written.
The government gives me nothing...I pay for it with my taxes and I expect to get value for that money. That's what the "make the government" meant.


On Jul 10 02:37 PM Neil459 wrote:

> On Jul 10 12:20 PM Longinvestor wrote:

Lithium-Ion Batteries for Hybrid Vehicles?

Get ready for the 6 p.m. brownout as everybody gets home and plugs in their PHEV.

Obama Should Be Promoting Self Reliance, Not Another Stimulus

Apparently the big bad government tax burden man missed this:
Cash at 18-Year High Makes Stocks a Buy at Leuthold (Update4)
By Eric Martin and Michael Tsang
[Updated July 8,2009]Dec. 29 (Bloomberg) -- There’s more cash available to buy shares than at any time in almost two decades, a sign to some of the most successful investors that equities will rebound after the worst year for U.S. stocks since the Great Depression.
The $8.85 trillion held in cash, bank deposits and money- market funds is equal to 74 percent of the market value of U.S. companies, the highest ratio since 1990, according to

Obama Should Be Promoting Self Reliance, Not Another Stimulus

""The government has done enough to bail out the economy. You're all on your own now.""
Well, since our government is not a dictatorship, making the government help us is to make us help ourselves in a democratic republic political system.