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bricki

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  • Yale's Swensen: Mutual Funds Are for 'Fish' [View article]
    MACX over a 10 year span has doubled.

    Now take a balanced portfolio with annual rebalancing over the past 10 years. SURPRISE! It has also doubled. With FAR less volatility.

    Plus you don't have the issues of active mutual funds manager's changing, tax inefficiency yadda yadda yadda.
    Aug 18, 2011. 12:40 PM | Likes Like |Link to Comment
  • Market Correction on the Horizon? Use Caution Going Forward [View article]
    The Republicans have me plenty scared. Ryan's reform plan is essentially the end of Medicare, and many of the Tea Party have said they won't vote for a debt ceiling increase under any circumstances. No debt ceiling increase means a 40% decrease in the Federal Budget starting Aug 2. What do you think that will do to the economy? Total ruination.

    I've worked hard and built up assets over my life so that I would still be comfortable even with cuts to SS etc. But I don't have enough to withstand both another market crash plus destruction of SS and Medicare without some real hardship.

    And this is where the Republican party seems to be hell-bent on going.

    A lot of the people I know, mid-career and Republican voters are upset about the Ryan plan for Medicare. Some of them are going to be in rough shape if it goes through. I tell 'em if you want Medicare you are voting for the wrong guys.
    Jul 25, 2011. 04:14 PM | 2 Likes Like |Link to Comment
  • Market Correction on the Horizon? Use Caution Going Forward [View article]
    Fundamentals change if the markets the companies are based on disappear. Peak oil, sovereign defaults, housing collapse, war etc. will do it.
    Jul 25, 2011. 11:09 AM | 1 Like Like |Link to Comment
  • The Key Question for Netflix This Quarter [View article]
    Most people are sensible and will cancel the service they are not interested in. Of course there will be some hot-heads but I don't think they will be important.

    I was annoyed at the last price increase because they did not offer a mail only subscription. Streaming while convenient doesn't do it for me because the selection is too limited and the quality is lacking.

    Now that mail only is available I am actually happier because I am no longer paying for a service I don't use.
    Jul 23, 2011. 07:08 PM | Likes Like |Link to Comment
  • Market Cycles: The Correction We're Due For [View article]
    Exponential growth is one of the most misused expressions in the English language. I had a boss once who was a math major from a prestigious university and even she would use it incorrectly in conversation. It drives me nuts.
    Jul 18, 2011. 02:24 PM | Likes Like |Link to Comment
  • Netflix's Latest Pricing Increase Proves It Wants to Exit the DVD Business [View article]
    Streaming only is not an option because the content is not there. 90% of the films in my queue are disk only. Unless Netflix boosts its streaming catalog they are going to lose customers in droves.

    The real problem Netflix has is their base business (physical media) is growing slowly. However it does have a great moat.

    Netflix's growing business has no moat and Netflix has no control of it's costs. It is also what their stock valuation is based on. One bobble and kaboom.
    Jul 14, 2011. 01:33 PM | 3 Likes Like |Link to Comment
  • Netflix Adjusts Pricing: Renting Those Plastic Discs Just Became More Expensive [View article]
    The studios own the content. They have Netflix by the short hairs. The studios are the ones that will do the price busting. As we just saw happen.
    Jul 13, 2011. 02:18 PM | Likes Like |Link to Comment
  • Netflix Adjusts Pricing: Renting Those Plastic Discs Just Became More Expensive [View article]
    Exactly right. DVD and BluRay is where the quality content is on Netflix. The streaming stuff is seconds bin low rent garbage. It's an easy decision to dump streaming.

    Now if they can turn the increased income from the streaming business into a better streaming catalog people will come back. Otherwise there are plenty of better streaming options than Netflix, such as Amazon Prime.

    Consumers don't care what the Netflix business model is or whether or not DVDs is a slow growth business. What they do care is having quality content to watch, and Netflix streaming isn't it.
    Jul 13, 2011. 02:13 PM | Likes Like |Link to Comment
  • Rules lets FDIC recover pay from failed bank execs [View article]
    Only two years? The penalties should be far more severe considering the amount of damage a failed large bank can cause.
    Jul 6, 2011. 03:57 PM | 2 Likes Like |Link to Comment
  • Pres. Obama's biggest challenge in reaching a debt ceiling deal is staring down Republicans intent on "distortion pure and simple," Paul Krugman writes. GOP leaders don't really care about the debt; they're out to destroy Obama. "Failure to reach a debt deal would have very bad consequences, [but he] must be prepared to face those consequences if he wants his presidency to survive."  [View news story]
    At least he is admitting that a tax increase is needed.
    Jul 5, 2011. 10:13 AM | Likes Like |Link to Comment
  • Long Weekend Roundup: Barron's Is Dead Wrong on Oil [View article]
    The middle class isn't going to vote to end the holy entitlement programs (social security, medicare) any time soon.
    Jul 5, 2011. 10:08 AM | 1 Like Like |Link to Comment
  • Pres. Obama's biggest challenge in reaching a debt ceiling deal is staring down Republicans intent on "distortion pure and simple," Paul Krugman writes. GOP leaders don't really care about the debt; they're out to destroy Obama. "Failure to reach a debt deal would have very bad consequences, [but he] must be prepared to face those consequences if he wants his presidency to survive."  [View news story]
    What a farce. The fact is that the Republicans control the House. That means that under the Constitution they control the expenditures of the federal government.

    If they want to cut the budget they have the means to do so.

    What are they waiting for?
    Jul 1, 2011. 08:42 PM | 5 Likes Like |Link to Comment
  • Pres. Obama's biggest challenge in reaching a debt ceiling deal is staring down Republicans intent on "distortion pure and simple," Paul Krugman writes. GOP leaders don't really care about the debt; they're out to destroy Obama. "Failure to reach a debt deal would have very bad consequences, [but he] must be prepared to face those consequences if he wants his presidency to survive."  [View news story]
    The debt ceiling is a wonderful political talking point which provides employment for legions of talking heads and political comedians. Aside from that it isn't worth a hill of beans.
    Jul 1, 2011. 08:39 PM | 3 Likes Like |Link to Comment
  • Pres. Obama's biggest challenge in reaching a debt ceiling deal is staring down Republicans intent on "distortion pure and simple," Paul Krugman writes. GOP leaders don't really care about the debt; they're out to destroy Obama. "Failure to reach a debt deal would have very bad consequences, [but he] must be prepared to face those consequences if he wants his presidency to survive."  [View news story]
    The problem is that if you don't raise taxes and insist on a balanced budget (which is what forcing no debt increase without default) there is the stark gap between revenues of 2.6 T and a budget of 4.0 T.

    1.4/4.0 = .35

    This means a 35% cut across the board in federal government expenditures is needed. But wait, it is worse than that because we are not cutting debt payments. Those are currently about 0.2T per year not counting the accrual of debt from the rape of the Social Security trust fund.

    So really we would need about a 40% across the board cut. 40% cut in grandma's SS check. 40% cut in defense spending. 40% cut in medicare.

    Etc.

    Anyone who tells you that this is possible in a period of one month without causing rioting in the streets ala Greece and a crushing depression is stark raving mad. To me the fact the Republican leadership is floating this idea just shows that they have lost any perspective on what is necessarily to operate the USA going forward.
    Jul 1, 2011. 07:57 PM | 11 Likes Like |Link to Comment
  • If a CEO was running the show in the U.S., the option on the table would be to raise taxes and cut spending at the same time, Buttonwood writes. It's not only the rapid pace of government spending that has led to ballooning deficits, but tax receipts have fallen off since 2000. Will anyone in Congress dare suggest the idea?  [View news story]
    Tax rates have been on the decline since 2000. Now how has that worked out?
    Jun 30, 2011. 09:27 PM | 4 Likes Like |Link to Comment
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