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E Thomas St.

E Thomas St.
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  • When millionaires say they won't stand being fleeced by tailor-made rich taxes, they mean it.  [View news story]
    Neil, raising taxes isn't traitorous based on how we enable representatives to raise taxes. If you don't like representative democracy, then either win elections (and assuming you're either a Republican or Kooky Libertarian of the Galt's Gulch breed, that won't be easy) or opt out by moving away. Grumbling about the majority of people in your state, your country giving strong implicit consent and weak implicit consent to higher taxes doesn't enable your ideals to become any more a reality.

    While raising taxes may result in loss revenues because of diaspora, if you make the choice between leaving the country and paying an extra 6.25% nationally, people are going to stay put.

    Michigan went wrong by trying to hold on to it's past instead of providing the foundation for a future.
    May 28, 2009. 01:26 PM | 1 Like Like |Link to Comment
  • When millionaires say they won't stand being fleeced by tailor-made rich taxes, they mean it.  [View news story]
    Raise Federally, Lower Locally. If people want to move away from the United States, let the cancerous traitors do so.
    May 28, 2009. 01:00 PM | 5 Likes Like |Link to Comment
  • California doesn't need to go bankrupt - it just needs a break up, into four individual states. BreakingViews makes the case for splitting California into pieces. (previously I, II)  [View news story]
    Like everything in California, the issue is water rights.
    May 21, 2009. 04:45 PM | 4 Likes Like |Link to Comment
  • Pimco's Bill Gross: U.S. dollar, stocks, bonds selling off on fears that U.S. at risk of losing AAA rating. Gross tells Reuters in an email investors fear the U.S. is "going the way of the U.K. - losing AAA rating which affects all financial assets and the dollar."  [View news story]
    And how are PIMCO's CEFs doing today?
    May 21, 2009. 01:51 PM | 1 Like Like |Link to Comment
  • Poor Oil Demand Meets Excess Supply; Prices Should Drop [View article]
    Don't forget that the value of the Dollar makes a huge impact on the price of Oil. Supply, Demand, and Conversion Value.
    May 21, 2009. 01:21 PM | 5 Likes Like |Link to Comment
  • S&P steeply cuts E*TRADE Financial's (ETFC) credit rating, lowering its long-term counterparty credit and senior debt ratings by four notches to CCC-. S&P says the firm urgently needs to reduce debt and inject equity into its bank unit. Shares -7.8%.  [View news story]
    E*Trade needs to stop pimping a trash talking baby in it's ads. That's more urgent a need than anything else.
    May 21, 2009. 12:53 PM | Likes Like |Link to Comment
  • Will E*Trade Survive? Four Ways It Can [View article]
    How much does E*Trade spend on their advertising budget? Cut that by 80%
    May 21, 2009. 12:51 PM | Likes Like |Link to Comment
  • Burned by Obama, fund managers grow wary: "The sad thing is it impacts the manufacturing sector and the companies that have legacy liabilities directly. It will be nearly impossible, or much more expensive, to get secured financing."  [View news story]
    And some don't claim that moral hazards exist. PIMCO, once again, leading the discussion.
    May 20, 2009. 06:24 PM | Likes Like |Link to Comment
  • Speaking to his board of outside economic advisers, Obama says the economy is showing 'some return to normalcy,' with "industry, labor and government working together more cooperatively and in a better spirit."  [View news story]
    Except for the independent investor community who continues to be pissed at the blatant ridiculousness of the charade happening.
    May 20, 2009. 02:04 PM | 4 Likes Like |Link to Comment
  • Ready for $150 oil? "If demand from China and elsewhere returns to its previous rate of growth," prof. James Hamilton tells Congress this morning, "it will not be too long before the same calculus that produced the oil price spike of 2007-08 will be back to haunt us again."  [View news story]
    Haunt? I made mint during that episode and fall!
    May 20, 2009. 01:27 PM | 1 Like Like |Link to Comment
  • Far from anti-capitalist, THL Partners' Scott Sperling says Obama's approach to rescuing automakers - and dealing with their debtholders - is exactly what economist Joseph Schumpeter meant when he described "creative destruction" as the active heart of capitalism's success.  [View news story]
    I mean that in the way the author is interpreting Schumpeter's words. This isn't creative destruction as Schumpeter elaborated rather this is government action mucking things up without something new developing.
    May 19, 2009. 05:12 PM | 5 Likes Like |Link to Comment
  • Far from anti-capitalist, THL Partners' Scott Sperling says Obama's approach to rescuing automakers - and dealing with their debtholders - is exactly what economist Joseph Schumpeter meant when he described "creative destruction" as the active heart of capitalism's success.  [View news story]
    That's the most wacky interpretation of capitalism to date.
    May 19, 2009. 05:08 PM | 10 Likes Like |Link to Comment
  • Judging by the pullback in stock futures, markets seemed upset with today's housing starts, which fell to the lowest level on record. But isn't that good news? "If the biggest hurdles in ending the housing crisis are price discovery and clearing supply... why are record low housing starts a bad thing?"  [View news story]
    Not when CNBC does an about face and claims what is the complete opposite of what they were saying yesterday to be good news today.
    May 19, 2009. 02:14 PM | 1 Like Like |Link to Comment
  • Central banks need more power if they're going to play a meaningful role in the post-crisis world.  [View news story]
    Perhaps they don't need a meaningful role considering the mess that our Fed got us in.
    May 18, 2009. 04:58 PM | 2 Likes Like |Link to Comment
  • Respected analyst John Browne of Euro Pacific Capital calls a target of 1,000 on the Dow, which is pretty astonishing for even the hairest of bears. Browne recently published Socialism Coming Back To Haunt U.S., which may help to explain his pessimism.  [View news story]
    Oh come on. I'm no bull but this is the most ridiculous thing I've ever read on the bear end of things. And I've read Russians predicting Dow 4k...
    May 15, 2009. 01:22 PM | Likes Like |Link to Comment
COMMENTS STATS
139 Comments
205 Likes