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Teutonic Knight

Teutonic Knight
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  • Are Energy Storage Investors Chasing Their Own Tails? [View article]
    John -

    I always like your substantive and credible articles, well researched, well argued, and well-written, and I am a faithful follower, inasmuch I also like your rapid response to the comments, which make the dialog interesting and sometimes even intriguing. Thanks, we need more authors like you.

    Well, your reference to grades in your article tickled me, not so much I am grade hungry. As a sidettrack, according to your scale of value, an A = $0.25; B = $0.10; and C = $0. Would this metric be applicable to the undergraduate program only? What about the graduate program? My take was, for graduate program, an A = $15; B = $0. What is your take? Speaking in general terms only, we know that Harvard has that summa com laude, magna cum laude (3 levels), and so on.

    May 20 10:10 AM | 1 Like Like |Link to Comment
  • Guestblogging for Andrew Sullivan, U.S. Court of Appeals Judge Richard A. Posner offers his assessment of Bernanke: "He is like a general who having been defeated in battle because of his errors manages the retreat of his army competently. He does not thereby escape blame for the defeat, and should not be permitted to shift blame to the soldiers under his command who gave way under attack."  [View news story]
    I believe Judge Posner is a respectable individual and not a paid cheerleader for someone else. However, Professor Bernanke's track record and performance at the helm of the Federal Reserve for two and a half years speaks for itself.

    One is judged by his deeds. Our country had been in an economic crisis since September '08, with no end in sight, as yet.
    May 19 08:31 PM | 3 Likes Like |Link to Comment
  • Harvard's Ken Rogoff wants to see 6% inflation for the next couple years. Though risky, the strategy could "ameliorate the debt bomb and help us work through the deleveraging process."  [View news story]
    What about those gang of fluffy folks from Pincenton?

    On May 19 02:03 PM herbert hoover wrote:

    > Somehow I just knew this guy was from Harvard...Best and brightest
    > my azz.
    May 19 02:38 PM | Likes Like |Link to Comment
  • Harvard's Ken Rogoff wants to see 6% inflation for the next couple years. Though risky, the strategy could "ameliorate the debt bomb and help us work through the deleveraging process."  [View news story]
    If Professor Rogoff is correct, we will see TIP gaining ~18% annully for a couple of years, much like its previous boom cycle in Circa 2000.
    May 19 02:01 PM | 3 Likes Like |Link to Comment
  • Why This Economic Crisis Won't Pass Quickly or Painlessly [View article]
    Gregman2 -

    Good question. I'm not anti-labor, I am a worker myself. We have such a so-called high standard of living. Everything is so expensive - weed diggers charging $50/hr, plumbers charging $80/hr and up, mechanics charging $60 and up, lawyers charging $250/hr and up, I could go on and on. With such high rates, it is hard for a vigorous rebound as cost ballons and kill projects. Look at it this way, an extreme case example only, the Chinese were able to build up their Space Program equivalent to part of our NASA over a 50-year period with only about 1/50th of the total cost. At this rate, I see America on a straight-line decline over the long term. Change? Well, ask the UAW! They could negotiate themselves with the government.

    On May 19 12:09 PM Gregman2 wrote:

    > For years we've been told that it costs too much to manufacturer
    > in the U.S., despite the fact that most industries are not unionized.
    > Hispanic immigrants working for less have taken over many prduction
    > jobs. Why is the cost of real estate so high here in America? Absent
    > this cost, the U.S. worker could be competitive.
    May 19 12:30 PM | Likes Like |Link to Comment
  • Why This Economic Crisis Won't Pass Quickly or Painlessly [View article]
    To Sudden Debt -

    Ultimately, and soon to be, it is all but inevitable that the federal government will have to declare and adopt severe austerity measures - a fact of life and reality - no exceptions in the history of mankind. My guess is that it will have to come sooner rather than later, as early as 2010-2011 as the honeymoon of the Obama regime has come and gone.

    May 19 11:00 AM | 1 Like Like |Link to Comment
  • Why This Economic Crisis Won't Pass Quickly or Painlessly [View article]
    Missing_Link -

    My two cents - the Colleges and Hospitals too. They must have been hit so hard that they cancel my son's fellowship award ceremony to save some bucks - nothing to brag about but a passing observation.


    On May 18 01:02 PM Missing_Link wrote:

    > The federal government, banks, corporations, state governments (California
    > in particular), and individuals are all in debt up to our eyeballs.
    > And all are asking for bailouts from the federal government ... which
    > in turn is going begging to China.
    May 19 10:55 AM | 1 Like Like |Link to Comment
  • GM (GM) is in negotiations to close factories and cut its workforce in the U.S., while increasing imports from Mexico and Asia. The UAW slammed the approach, urging Congress to condition aid on the maintenance of "the maximum number of jobs" in the U.S.  [View news story]
    To Paul Price -

    Those are not business decisions in any sense; they are political decsions to reward those supporters. Politics is infinite and knows no bounds. Some say that politics came into the world when Eve persuaded Adam to eat that apple.

    May 18 12:27 PM | 2 Likes Like |Link to Comment
  • Time to Reenter GE [View article]
    I used to be bearish about GE; but their two recent initiatives, health care and energy storage impressed me. It sounds like they did their homework and were able to listen and target.
    May 18 12:06 AM | 2 Likes Like |Link to Comment
  • Europe's Worsening Economic Disaster [View article]
    To Sober Realist -

    Over there in China, it is still a very archaic system coming out from a feudalistic society that dates back to 1500 B.C.Xia Dynasty. Unlike here, where humans are guaranteed certain rights; over there, humans have to start from zero rights. The 1949 Communist Revolution was supposedly modeled after the Sovets but essentially was a peasants' revolution.

    The so-called labor workers are now the party elites - they are the rulers who set the rules. (Of course they kids enjoy the overseas educational opportunities). And ironically they (the labor leaders) ban unions.

    That probably partially answers some of your queries why "...China has a vast pool of workers who are willing to work for peanuts..."
    May 17 10:39 PM | 1 Like Like |Link to Comment
  • The article's called What Does Your Credit-Card Company Know About You?, but it's really more about understanding just how deeply bill collectors get inside your head. Interesting read.  [View news story]
    Talk about fear, I developed a metric below just to enable me to size up what they (the banks and card issuers) are up to and where and how I stand in their judgment about me !

    I guess if you are still receiving those tons of offer in the mail for 0% balance transfer (with varying fees though, no free lunch here) for existing or new cards, you are probably a okay, and not on their radar alert screen, as yet.
    May 17 09:35 PM | 2 Likes Like |Link to Comment
  • More Good News: Record High Credit Card Defaults [View article]
    To prudentinvestor -

    I believe that consumers and taxpayers sentiment will emerge as key factors in deciding the fate of these so many "too-big-to-fail bailed-out" corporations. For, without a customer, there would be no jobs, and without the jobs, there would be no need for the corporation to exist. But of course, the government is that final too-big-to-fail entity. The end will come when we default.

    On May 17 08:45 PM prudentinvestor wrote:

    > " wipes out debt, allows the economy to bounce back rather than
    > stagnate in zombie land and punishes lenders for making stupid decisions."
    > But when policymakers decide that lenders and their bond holders
    > are to be bailed out by taxpayers, it is the latter who are punished
    > for the former's stupid decisions.
    May 17 08:56 PM | Likes Like |Link to Comment
  • More Good News: Record High Credit Card Defaults [View article]
    Inasmuch as I would agree with youngolf and MikeOz's comments about the greedy CEO's making a bundle off, I would like to point that that under the present Law there is probably nothing illegal in what they had done.

    The business world works under contracts, and If there is a contract between them and the companies they work for that says that they would be paid so much compensation and bonuses on such dates, that is IT. Our law courts are not there to judge on moral hazards, although the laws are often written to safeguard and protect such, directly or indirectly.

    So much for any retribution. In the S & L debacle, Milken got off with billions and even staged his Come to Jesus show in the aftermath.

    Who says life is fair? (The Christian Bible does have something to say about the after life, but that is a different matter).

    May 17 11:24 AM | 1 Like Like |Link to Comment
  • More Good News: Record High Credit Card Defaults [View article]
    To Cornelius -

    At first glance before reading the article I thought it must have been a typo or a joke.

    Yes, I would concur with your theme. This kind of outcome should have been prescribed for the housing and auto situations at the onset, to let the system flush itself out, let the weak ones go away, so that we could have that "V" shape vigorous and vehement rebound.

    Rather, and sadly, the Obama regime waded into the sinking sand, muddling along, procrastinating, which would ultimately prolong that much awaited recovery.
    May 17 10:59 AM | 5 Likes Like |Link to Comment
  • 2009 is not 1930, Princeton economics professor Alan Blinder says. But he's worried 2010 could easily become 1936 if the Fed tries to rein things in too quickly.  [View news story]
    Personally I am skeptical of Professor Blinder's thesis in his article, the main reason being that he, like Tim Geithner, was one of those lead bankers who could have hardly disassociated themselves from being partly responsible for this mess. I am surprised that he would come out of the woodwork from his Ivory Tower at this time to voice his opinion.
    May 16 07:46 PM | 8 Likes Like |Link to Comment