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winnersdon'tquit

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  • Less Is More: Why I Prefer Low Yield Stocks [View article]
    Thomas,
    your point:
    "There is something terribly wrong when the Fed throws retirees and the saving class under the bus with artificially low rates to finance unsustainable largesse orgies."
    has a definite ring to it of "redistribution of wealth".
    It's kind of a back door approach for as we on SA know,
    wealth is never destroyed, ...only transferred.
    Keeping rates artificially low today, under these conditions, definitely has a dual fold purpose.
    Feb 13, 2012. 06:54 AM | Likes Like |Link to Comment
  • "Yes we can" becomes "we thought we could" as President Obama blames the political system for making it difficult to bring the change he promised. Still, his government has stabilized the economy, Obama tells NBC, and now needs to to take it to the next level.
     [View news story]
    ""Yes we can" becomes "we thought we could" as President Obama blames the political system for making it difficult to bring the change he promised."

    Sounds just like my kid brother, many years ago.
    Nothing was ever his fault, always mine.
    Personal responsibility was never his forte, as is the case with the current occupier of the WH.
    The coming election will define not only who we are as a nation, but where our financial markets are headed.
    Let's all hope for that "warm fuzzy feeling".
    By the way Mr.President...ours is a representative government, not a dictatorship, as you seem to espose.
    Feb 6, 2012. 08:46 AM | 4 Likes Like |Link to Comment
  • Caterpillar (CAT +2.8%) says it will close a locomotive assembly plant in Canada where unionized workers have been locked out since the beginning of the year after they refused to accept pay cuts and other concessions. The Canadian Auto Workers Union says CAT never intended to keep the plant open.  [View news story]
    "loon"...
    "The best country is one that your nieghbour
    is fed educated and happy. "
    My reply to your statement, is clearly defined by
    the US Constitution, under entitlements... "life,liberty and the pursuit of happiness", while your above definition is what has caused the most current European financial implosion.
    Not until we as a nation demand the best from our people will this nation regain what it has lost. Not until the "dummying down " in
    education is reversed, will things change for the betterment of all.
    What happened in MA after the SB last night is an indicator of the stupidity, and moral absences within our current generation.
    SFB(s--tforbrains) works well in the toilet, but it won't get you very far in the real world of today's global competition.
    Feb 6, 2012. 08:29 AM | Likes Like |Link to Comment
  • Caterpillar (CAT +2.8%) says it will close a locomotive assembly plant in Canada where unionized workers have been locked out since the beginning of the year after they refused to accept pay cuts and other concessions. The Canadian Auto Workers Union says CAT never intended to keep the plant open.  [View news story]
    When Upton Sinclair wrote "The Jungle" in the early 20th century, unions were a necessary evil.

    Since then, many unions have become just unnecessarily evil.
    Feb 4, 2012. 06:55 AM | 10 Likes Like |Link to Comment
  • "High taxes help the richest, too" asserts Cornell economics professor Robert Frank, as the increased public spending would "produce clear gains in satisfaction for the wealthy," such as better-maintained roads. And besides, what difference does it make it if you have a home that's 15,000 square feet or one that's 10,000?  [View news story]
    "And besides, what difference does it make it if you have a home that's 15,000 square feet or one that's 10,000?"

    the difference quite simply is...
    it's none of the government's business,
    or your damn business!
    Jan 29, 2012. 07:30 AM | 25 Likes Like |Link to Comment
  • Oil will slip to $85/bbl this year, U.S. economic growth will top 3%, U.S. unemployment will slide below 8%, and the S&P 500 will exceed 1,400 - among Byron Wien's "10 Surprises" for 2012. “Recession fears and even 'the new normal' view of prolonged slow growth are called into question," Wien says, but it's worth remembering that his 2011 predictions proved a tad optimistic.  [View news story]
    "Oil will slip to $85/bbl this year, U.S. economic growth will top 3%"... an oxymoron if ever there was one.
    Jan 3, 2012. 03:19 PM | Likes Like |Link to Comment
  • A tax relief package of $100M/year for the CME, CBOE and Sears (SHLD) that will prevent them from leaving Illinois has been agreed to by top lawmakers in Springfield. The law still has to be approved by a full state House and Senate that rejected a previous measure.  [View news story]
    Provoke,... pacify... and profit.
    How could we accomplish anything without the political system and the lobbyists?
    That's the way government works,...everywhere.
    Dec 9, 2011. 08:05 AM | Likes Like |Link to Comment
  • The End of Growth In The United States [View article]
    "Just out of curiosity, what sort of political system do you think we have here? Because to me, that statement exhibits the same sort of cognitive dissonance as "Tell the government to keep its hands off my Social Security!"

    hi joe,
    our political system is quite easy to decipher.
    "the squeaky wheel, gets the oil". It happened during the 1700's when the nation was born, and it's continuing.
    The agendas are considerable. The tribalism is considerable. I believe the only way to purge the system is to eliminate lobbying and their financial incentives for "doing things their way".
    This is unlikely to happen. They crucified Pete Rose for betting on baseball, yet they trade inside information and make big bucks.

    The real war in the US is not between rich and poor...it's between the "powerful and the peasants".
    Dec 6, 2011. 09:26 AM | 1 Like Like |Link to Comment
  • The End of Growth In The United States [View article]
    " Now, the world economy has caught up to the US and we are caught flat-footed with an undereducated population that thinks it deserves $60,000 a year for putting a widget on a wobbler"

    There you go again, now you've insulted the entire Democrat Party.
    Wake up man, the people aren't the cause of the country's problems... it's government, "big, giving, generous" government. The type of government as is the current administration.
    Why bother using your brains, just let Uncle Sam do it for you.
    Put a couple of generations back to back and you wind up with what we've got now, an SFB (s--t for brains),entitlement society ala the OWS a-holes.

    PS. my eyes have yet to see a single"redneck" in the OWS movement; they're way too busy working to feed their families, and give their kids a better shot at life than they had.
    God bless my "redneck" brothers and sisters.
    Dec 5, 2011. 09:23 AM | 5 Likes Like |Link to Comment
  • The End of Growth In The United States [View article]
    "What this economic downturn is going to drive into the abyss is redneck America that has had far too large of the pie for too long. "

    Spoken like a true social elitist,who pulls his pants on in the am, 2 legs at a time, without resting his butt on the bed.
    Your dissertation fails to realize that your so called "rednecks" happens to comprise probably 85-95% of the US population, not by accent, not by race, not by faith, but by social status.
    You appear to be not only a bigot, but a dumb-ass bigot.
    Dec 5, 2011. 07:49 AM | 8 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    wyo,
    Penn St. investigators... in the off season.
    Dec 1, 2011. 07:41 AM | 5 Likes Like |Link to Comment
  • Paul Krugman's two top areas where he would raise revenue as part of long-term deficit reduction: taxes on very high incomes and financial transactions. The combined income of the top 0.1% of taxpayers totals more than $1T, he says; and contrary to harming economic growth, taxing financial transactions would benefit to the extent that it "reduces the volume of wheeling and dealing."  [View news story]
    "reduces the volume of wheeling and dealing."

    Oh...you mean like deposits, withdrawals, bank checks, check cashing, mortgage payments, car payments, everyday stuff like that???

    I guess middle class Americans are bigger "fish", than we give ourselves credit for.
    Nov 28, 2011. 06:18 PM | Likes Like |Link to Comment
  • How The U.S. Is Quickly Becoming A Third World Country (Part 1) [View article]
    axelrod608
    well stated.
    You're absolutely correct, although abolishing the gold standard, IMHO served as the #1 catalyst which has created the world's greatest deficit, today's unemployment, real estate bubble. etc,etc,etc.etc,etc,et...
    Pay back is a bitch!
    Nov 23, 2011. 10:42 AM | Likes Like |Link to Comment
  • How The U.S. Is Quickly Becoming A Third World Country (Part 1) [View article]
    Excellent appraisal!
    When Clinton signed off on NAFTA, that was the official beginning of "game over."
    The de-industrializatiion of major US manufacturing cities, started in the mid 1970's, and spread like a wild fire, morphing into what we now know as "globalization".
    Who to blame?
    Just toss a large net over Washington,DC.
    Nov 22, 2011. 06:33 AM | 29 Likes Like |Link to Comment
  • The wealth gap is another piece of evidence that the downturn has hit young adults especially hard. The net worth of a typical U.S. household headed by a person age 65 or older is 47x greater than a household headed by someone under 35, a ratio more than double what it was in 2005 and nearly five times the 10-to-1 disparity 25 years ago. (also)  [View news story]
    it's all about values, and lack of.
    i'm not familiar with too many seniors owning multiple ipods, smart phones, 48" big screens,unpaid college debt, inability to multiply 8x8 (sans calculator), or ready and willing to pay some outlandish prices for an outlandish life style.
    You reap what you sew.
    Nov 8, 2011. 06:42 AM | 1 Like Like |Link to Comment
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