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GaltMachine

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  • Health exchanges face tech glitches [View news story]
    Ek,

    This law does not address this issue:

    "I want people to depend on anything that improves their lives and I don't think much of the freedom to be poor, sick and die young. "

    Based upon all the media reporting and promises made by the President, I can understand why you believe this to be true. Just read that article I posted above, 31 million people will still face this issue in the future.

    There is no "free" healthcare.

    Let me know if you still love this law when you do your taxes next year and have to report on your health plan details. If your plan isn't up to standard you might find the tax penalty you face to be an eye-opener.

    I wish you all the best!
    Sep 30 01:28 PM | 1 Like Like |Link to Comment
  • Health exchanges face tech glitches [View news story]
    Jake,

    What is about it being a liberal that makes you so angry (as well as incoherent I might add)?

    This law is a disaster and I feel sorry for you in thinking and believing that what the President promised will not be delivered. I don't blame you at all.

    Great article from the Washington Post on this subject:

    http://wapo.st/15gHS8S
    "Left behind: Stories from Obamacare’s 31 million uninsured
    The Affordable Care Act, the most sweeping health care program created in a half century, is expected to extend coverage to 25 million Americans over the next decade, according to the most recent government estimates. But that will still leave a projected 31 million people without insurance by 2023. Those left out include undocumented workers and poor people living in the 21 states, such as Virginia, that have so far declined to expand Medicaid under the statute, commonly called Obamacare.

    “The law will cut the number of the uninsured in half,” said Matthew Buettgens of the Urban Institute. “This is an important development, but it certainly isn’t the definition of universal.”
    By Sarah Kliff and Lena H. Sun, Published: September 8 at 7:26 pm


    Have a very nice day!
    Sep 29 03:49 PM | 1 Like Like |Link to Comment
  • Chances of shutdown increase as House OKs anti-Obamacare measures [View news story]
    "Chances of shutdown increase"

    I wonder if anybody will notice if it happens.

    To use a cliche:

    http://bit.ly/166lkIm
    "If a tree falls in a forest and no one is around to hear it, does it make a sound?" is a philosophical thought experiment that raises questions regarding observation and knowledge of reality."
    Sep 29 01:05 PM | 3 Likes Like |Link to Comment
  • Health exchanges face tech glitches [View news story]
    EK,

    If your definition of success is to make everyone become ever more dependent upon government and hence less free, rather than self-reliant, then I have no doubt that all government programs would qualify as successes.

    Why not make the minimum wage a $100/hr? The government has the power to make that happen.

    :)
    Sep 29 12:59 PM | 2 Likes Like |Link to Comment
  • Health exchanges face tech glitches [View news story]
    Obamacare is the glitch :)
    Sep 29 10:07 AM | 2 Likes Like |Link to Comment
  • Can Fed Put Rate Genie Back In Bottle, Keep Bubbles Corked? [View article]
    Pompano,

    "At 15x earnings on the S&P valuation"

    Where did you get this number?

    The current multiple is just over 19 http://bit.ly/RW5dWW.

    This is not undervalued by the PE metric.

    Thanks.
    Sep 28 03:42 PM | 1 Like Like |Link to Comment
  • EPA to set carbon limits on power plants [View news story]
    Exactly the opposite of the predictions of these "experts":

    http://bit.ly/1fOboXB
    "Heading into October -- 2013 global hurricane activity remains historically low

    • North Atlantic tropical cyclone ACE is 71% below normal. 5th lowest since 1950. --> Figure
    • Northern Hemisphere ACE is 55% below normal. Lowest since 1977. --> Figure
    • Global ACE is 47% below normal. Lowest since 1977. --> Figure "
    Sep 27 05:24 PM | 1 Like Like |Link to Comment
  • EPA to set carbon limits on power plants [View news story]
    bungaylad,

    " Over 90% of the scientific community"

    No. Just because you heard it doesn't mean its true. Clearly you have not been reading both sides of the debate and it is a debate. A theory is not a fact and man-made global warming is an unproven theory.

    Science is based upon facts not consensus. This may be seem obvious but clearly people don't understand this basic concept of how science is done.

    http://bit.ly/1fNLpiU
    "Scientific consensus is the collective judgment, position, and opinion of the community of scientists in a particular field of study. Consensus implies general agreement, though not necessarily unanimity. Scientific consensus is not by itself a scientific argument, and it is not part of the scientific method. Nevertheless, consensus may be based on both scientific arguments and the scientific method.[1]"

    The consensus in science is usually wrong (flat earth, earth is the center of universe, theory of relativity, some races are inferior to others, etc.) but we only know that after the fact. One single observation can overturn an entire established body of science and has done so many times in the past.

    We have done our best to show you that you should not limit your thinking the rest is up to you.

    Good luck.
    Sep 27 03:09 PM | 2 Likes Like |Link to Comment
  • Jobless claims at 305K [View news story]
    bbro,

    How would we know if hiring is shifting primarily to part-timers based upon jobless claims?

    Is there any way to know this?

    The stories are that hours are being cut below 30/week to get below the Obamacare cut-off rules so in theory you could have fewer claims and more part-time hiring to compensate. Yet the pie remains the same or does it?

    All the distortions from Obamacare in the short-run are making a mess of a lot of these numbers.
    Sep 26 11:02 AM | 2 Likes Like |Link to Comment
  • Hertz craters after guidance cut tipped in presentation slides [View news story]
    That's quite the reaction for that change in guidance!
    Sep 26 08:49 AM | 1 Like Like |Link to Comment
  • Analyzing The Logic Of Tesla Bears [View article]
    Thanks for the link. It gets really hot here in South FL for about 7 months of the year so this is helpful:

    "Climate Control and Outside Temperature

    Climate Control energy usage is related to keeping the cabin at a comfortable temperature. Maintaining a desired temperature in the cabin requires energy draw from the battery, which affects range. It is challenging to generalize how much the use of climate control will affect your range. It depends predominantly on how different the cabin temperature is from the outside temperature, if there is a large heat load from the sun, and how long you operate the climate control system. If you are driving slowly for a very long time and operating climate control continually it will have the largest percentage impact on your range. In very hot or cold operating conditions with typical usage of climate control and driving at speeds around 55 mph you may see a 10-15% reduction in range."
    Sep 24 04:05 PM | Likes Like |Link to Comment
  • Analyzing The Logic Of Tesla Bears [View article]
    Thanks for the replies. Unfortunately I am not an owner and the forum posts that I saw were pretty uninformative in terms of actually answering the question.

    I am surprised that a straightforward question like this doesn't have a straightforward answer provided by the company. Relying upon your owners for technical questions is not wise given your lack of control over what they say and post.

    Is there anywhere in which Tesla, the company, has responded to this in an FAQ style response?

    Thank you.
    Sep 23 11:54 AM | Likes Like |Link to Comment
  • Analyzing The Logic Of Tesla Bears [View article]
    I can't seem to find the answer to this question. Assuming you live in very hot or very cold climates you will at some point need to run the heater and the AC units in the car.

    I live in FL, I use my AC constantly for about 10 months of the year. I imagine if you live up north you probably use the heater a lot.

    What impact does this have on the range of the vehicle?

    I can only imagine being stuck in a snowstorm or in an accident while travelling with everyone else and then running the heater or AC unplanned for hours. I can't "gas" up so who do you call if you run out of stored power?

    Thank you.
    Sep 22 12:20 PM | Likes Like |Link to Comment
  • Are we in a price/earnings sweet spot? [View news story]
    This is so misleading as to be hilarious regardless of whether Tobias is correct or not the statement above is not supportive of it:

    "and found that investing in stocks when P/E ratios were in the 14-16x band provided annual returns of 14.6%."

    "According to Reuters' This Week In Earnings, the forward four-quarter (Q2/13-Q1/14) P/E ratio for the S&P 500 is 14.5."

    Comparing FORWARD PE's with CURRENT PE's is like comparing Apples and Lemons.

    From that article:

    "Above 16x they swiftly collapse again, on a median return basis. And if anyone ever calls the market a screaming buy on a P/E of over 20x, scream back at them. (And keep your money away!)"

    The current PE according to Multpl.com is 19.5. http://www.multpl.com which Tobias did not mention in the article strangely enough. According to the article this would then be one of the worst times to invest.

    Given the importance of the current PE number to his premise, why didn't he mention it?

    It's easy enough to find for even a neophyte like me not to mention an "expert" like him.

    So to answer the question posed on this stream's title, according to the article that's a big fat "NO".

    :)
    Sep 22 11:34 AM | 9 Likes Like |Link to Comment
  • How Will The No Taper Surprise Affect Stocks? [View article]
    James,

    I guess if I were to summarize this, I would say there is more art than science in the science and art of valuation!

    :)
    Sep 21 03:58 PM | Likes Like |Link to Comment
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