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Morg

Morg
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  • More on Q2 GDP: What stimulus? Government spending has been a negative to flat contributor to GDP since 2010. [View news story]
    buyitcheap,

    At first I was thinking, "great here is our token left winger," but I actually find you tax/dividend exchange idea interesting. That might actually be a good way to get some money movement in the economy.

    I am not a fan of the SS full payroll tax idea. I would opt out and take care of myself if I could instead of feeding the black hole that will likely be insolvent before I qualify for it.
    Aug 29, 2012. 06:17 PM | Likes Like |Link to Comment
  • Another graphic look (via ukarlewitz) at the recent rally which is notable for its rotation into roughed up sectors like Energy, Materials, Industrials, and Discretionary, and out of popular defensive plays like Utilities, Health Care, and Staples. Have the hedge funds been caught wrong-footed again? [View news story]
    It depends when the bought I suppose. One could start making the value play arguement, but I think risk on is going to last a bit longer.
    Aug 17, 2012. 03:53 PM | Likes Like |Link to Comment
  • "(It) never crossed our minds" to solve the EU sovereign debt crisis with LTROs. says ECB member Vitor Constancio. He says the cheap financing was designed to ease bank funding stress, not increase the supply of credit to the economy. Earlier figures show no bump in business lending from the LTRO.  [View news story]
    The fact that the program that appears to have saved Europe (for the moment) had that result accidentally isn’t exactly building my confidence in ECB competency.
    Mar 28, 2012. 08:20 PM | Likes Like |Link to Comment
  • "I have great confidence the Fed is ultimately going to get their way," says Lee Cooperman, explaining the bear case on Treasurys. "I don't think people understand how risky a U.S. government bond is at 2% return." He's keeping his money in what has worked - gold, the S&P, Apple (AAPL), and Qualcomm (QCOM), among others. Treasurys have worked too - how about a little love?  [View news story]
    Ummm.... The fed wants low rates. They are already getting their way.
    Feb 22, 2012. 08:24 PM | Likes Like |Link to Comment
  • Alan Greenspan puts up a spirited defense of free-market capitalism in an FT op-ed, noting that whatever "imperfections" capitalism may have, no other economic system "has succeeded in meeting the needs of its people."  [View news story]
    Tom,

    I thought your article makes a very good point about "financialism" run amok. I think there is some common ground for you and I, but I still think your initial comment is unfair to capitalism as a economic system.
    Jan 26, 2012. 05:34 PM | Likes Like |Link to Comment
  • Alan Greenspan puts up a spirited defense of free-market capitalism in an FT op-ed, noting that whatever "imperfections" capitalism may have, no other economic system "has succeeded in meeting the needs of its people."  [View news story]
    Tom,

    Really!!?? Last I checked even our poorest live pretty well in the USA compared to the world norm. I think you should really reflect on that when considering your opinion here.

    Did some people benefit more than others? Sure. But I will take that over the "misery shared equally" that most "socialist paradises" enjoy.
    Jan 26, 2012. 05:30 PM | Likes Like |Link to Comment
  • Google (GOOG) is overhauling the way it treats user data, linking information across its array of email, video and social-networking services so that information gathered in one place can be used in another. The changes could bring the ire of privacy critics because of the sheer volume of information collected — including your location, list of contacts and email contents.  [View news story]
    I admit I was a little creeped out when I realized my new nexus phone was showing the most recent searches that I had done on my office computer.

    Now that I have gotten used to it, it is kind nice.
    Jan 24, 2012. 07:15 PM | Likes Like |Link to Comment
  • The AP reports that one of the world's largest file-sharing sites - Megaupload.com - was shut down by Federal authorities and company workers were indicted over charges of online piracy. In a twist of irony (or not?), the firm's CEO has been extremely active in the anti-SOPA movement[View news story]
    This actually shows that online piracy can be fought under existing law without any need for SOPA.
    Jan 19, 2012. 04:13 PM | Likes Like |Link to Comment
  • S&P goes ahead in downgrading the EFSF to double-A-plus from triple-A. The move was hardly a surprise, but could make things interesting when the rescue fund tries to sell six-month bills for the first time tomorrow.  [View news story]
    I am hearing some chatter that the EFSF doesn't really matter because of the newer ESM (European Stability Mechanism) plan.

    I would say it also matters less because the based on the its recent balance sheet growth the ECB is carrying out unofficial QE, which is all that really counts in my opinion.
    Jan 16, 2012. 04:40 PM | Likes Like |Link to Comment
  • Mitt Romney maintains the U.S. needs a president who's been successful in business to fix the economy, but Paul Krugman says there's a big difference between "running a business and managing an economy." When a business cuts costs, the more the better from the point of view of the owners, but "the story is very different when a government slashes spending in the face of a depressed economy."  [View news story]
    Yes Mr. Krugman the government does need to do the right thing and lay off overcompensated federal employees even though we have a depressed economy.

    Government jobs are not guaranteed and the entire system should be run like a business not a charity.
    Jan 13, 2012. 07:23 PM | 6 Likes Like |Link to Comment
  • As reported earlier, slot-machine maker International Game Technology (IGT) agrees to buy Facebook casino game host Double Down Interactive, in an all-cash deal for $500M. IGT +0.2% AH  [View news story]
    Someone is betting on passage of a bill legalizing online gambling. I think this bet will pay off well.
    Jan 12, 2012. 05:14 PM | Likes Like |Link to Comment
  • When stock prices and bond yields diverge, its often bond yields that have it right, writes Matt Phillips. The two indicators have opened up a yawning gap since October - with stocks making their way higher while bond yields haven't confirmed. If 2012 is anything like 2011, stocks may soon fall "back in line" with bonds.  [View news story]
    I completely agree, with all the QE manipulation the bond markets have been retarded to the point where they may be unusable for this type of analysis.

    It is still worth noting in my opinion however.
    Jan 12, 2012. 12:55 PM | Likes Like |Link to Comment
  • Growing corporate trend: going tax-free. More than 60% of U.S. businesses with profits of $1M are structured as pass-throughs, pushing federal corporate tax collections to just 1.3% of GDP from their peak of 6.1% in 1952. The rules originally were meant to help small businesses and entrepreneurs, but larger firms like Blackstone (BX), Bechtel and Kinder Morgan (KMI) also are taking advantage.  [View news story]
    pm4,

    Sounds like a good reason to reconstitute ones business as a s-corp. I love the fact that I can get liability protection with less expense being paid to the morons in DC.

    You should be taking advantage of it, not complaining about it.
    Jan 11, 2012. 01:56 PM | 1 Like Like |Link to Comment
  • Growing corporate trend: going tax-free. More than 60% of U.S. businesses with profits of $1M are structured as pass-throughs, pushing federal corporate tax collections to just 1.3% of GDP from their peak of 6.1% in 1952. The rules originally were meant to help small businesses and entrepreneurs, but larger firms like Blackstone (BX), Bechtel and Kinder Morgan (KMI) also are taking advantage.  [View news story]
    What this piece fails to note is that this money is still taxed at an individual level after it "passes through" to the owners of the entity. All this avoids is double taxation, and is completely legit in my opinion as taxes are still levied on the income at the personal level.
    Jan 10, 2012. 12:56 PM | 1 Like Like |Link to Comment
  • He's barely just started the job but Richard Cordray, the new chief of the Consumer Financial Protection Bureau, has already unveiled a program to supervise instutions that "often compete with banks but have largely escaped any meaningful federal oversight." These include payday, private student and local mortgage lenders.  [View news story]
    Well the judiciary might. There is no way the legislative branch will because the political climate these days puts the interest of the "party" over enforcing the law. There is no way that the Democratic controlled senate will take action on a democratic president in what will likely be a hotly contested election year.

    I fail to see how Bush fits into this discussion, but you are welcome to say whatever you want. It's a free country.
    Jan 6, 2012. 03:11 PM | 1 Like Like |Link to Comment
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