RonC

Corporations Win Again - This Time It's Healthcare

I dont think its about anyone but the banks.Whats the biggest source of bankruptcy filings in US? Medical Bills.Everyone forced to have healthcare,guess who wins?Banks.Who give housing,auto loans etc.Makes lending a little bit less risky.Who owns Congress?Banks.

U.S. Government vs. the Stock Market

If we're not in trouble the bailouts/stimulus are the biggest heist in history of the universe. Which previous recession caused these kind of actions? The recession of the 1930's is the only one that comes to mind.


On Feb 09 07:22 AM Erez Attiya wrote:

> Every month has a new giant crisis and every new week delivers the
> "worse event in generations". Enough with these anger prophecies,
> there always a closer crisis that threaten the stability of our delicate
> financial markets, Don't forget that when the markets went up good
> and hard, not you and not anyone (except for some economic pros but
> certainly not you) has something bad to say, so please, let the professional
> do their work and if they'll (seekingalpha.com/symbo...),
> then you'll have a chance to giggle on this figure or another

Stimulus Watch: How the Devil Are They Going to Finance All of It?

1 dollar spent produces $1.50 in economy but 1 dollar borrowed costs us $1.50 to pay back.Duh.

Stimulus Watch: How the Devil Are They Going to Finance All of It?

1 dollar produces 1.50 ,but borrowing 1 dollar costs us 1.50 to pay it back so we get nowhere.

Madoff's Innocent Victims

If our Government wants to do good things for our economy they could start by acknowleging their lack of oversight has cost many more than Madoff has. My Dad is 63 years old and cannot retire because of 401k destruction. What effect will this have on joblessness? People retiring creates job openings. Our Government should at least restore initial investment values lost plus reasonable interest to all whose life savings in 401k were promoted by Goverment and destroyed by their lack of oversight

How We Can Avoid Another Tragic Ponzi Scheme

The biggest fraud in history is not Madoff its Wall Street itself since the invention of 401k

How We Can Avoid Another Tragic Ponzi Scheme

The biggest fraud in history is not Madoff its Wall Street period. One Giant Ponzi

General Overcapacity Cannot Exist

I Didn't laugh until the last line


On Dec 14 08:23 PM Alan von Altendorf wrote:

> Dear Comrade Waldman,
>
> I am deleting you from my SA watchlist. The global overcapacity of
> economic hooey and shortage of common sense inspired me to cut spending
> and conserve my remaining intellectual cash. I'm certain you can
> find plenty of hungry readers in Africa whose appetite for flattery
> and deceit knows no limit. Have you considered a job in public service,
> say minister for education in Nigeria? Your thesis of redistribution
> would be very well received in the Niger Delta. There's enormous
> opportunity for propaganda growth in Chad, DR Congo, Sudan, Zimbabwe
> and the goldfields of South Africa.
>
> But why stop there? You could franchise the concept of "unlimited
> desire for weath" and help Hugo Chavez redistribute claims on production
> in Venezeula. Raul Castro would gladly pay you Tuesday for a whistlestop
> lecture today if you don't mind being paid in kind with hot air on
> Radio Havana.
>
> But the big prize is China. I know it's an awkward proposition. You'd
> have to learn Mandarin. Lord knows, I couldn't do it. I tried to
> learn Dutch when I was living in Holland. Didn't have enough phlem
> to pronounce "graag" or "gooiemiddag.&... Some people just
> aren't talented enough to succeed in life on life's terms linguistically.
> I also lack the ability to play the oboe, perform neurosurgery, pilot
> an F-16, or bail out General Motors Acceptance Corporation. With
> so many depending on the Chinese and Arab oil exporters to do these
> things for us, obviously it's tantalizing to swap some hooey for
> real goods. Our propensity to consume certainly poses no barrier
> to one-way trade, although we do have a problem currently that would
> be exacerbated by cranking up free lunch. There's a mountain of empty
> cargo containers in New Jersey already. Maybe the solution is to
> export dead laptops and surplus ringtones to Iceland.
>
> It's been wonderful having this chat with you. I rarely have a chance
> to flex my comedy writing skills on Seeking Alpha, which used to
> be a place to read charts and ponder investment opportunities. If
> you have spare moment or two, while you're busy enlightening the
> Chinese Communists, please do remember that the US labor movement
> is in a terrible pickle, and your theory that "overcapacity is bullshit"
> could save the day in Detroit.
>
> :P

The Deflation Risk Keeps Rising

Remarks by Governor Ben S. Bernanke
Before the National Economists Club, Washington, D.C.
November 21, 2002

Japan
The claim that deflation can be ended by sufficiently strong action has no doubt led you to wonder, if that is the case, why has Japan not ended its deflation? The Japanese situation is a complex one that I cannot fully discuss today. I will just make two brief, general points.

First, as you know, Japan's economy faces some significant barriers to growth besides deflation, including massive financial problems in the banking and corporate sectors and a large overhang of government debt. Plausibly, private-sector financial problems have muted the effects of the monetary policies that have been tried in Japan, even as the heavy overhang of government debt has made Japanese policymakers more reluctant to use aggressive fiscal policies (for evidence see, for example, Posen, 1998). Fortunately, the U.S. economy does not share these problems, at least not to anything like the same degree, suggesting that anti-deflationary monetary and fiscal policies would be more potent here than they have been in Japan