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Ben Gee

Ben Gee
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  • Dear Paul Krugman: You Do Not Understand Modern Monetary Theory [View article]
    Can the deficit go up forever? My radar can not tell me when we can start paying down our deficit. There will be a limit on when we can no longer print money. When that day come, it will not be pretty. In fact, it will be outright ugly. You tell me. Does deficit matter?
    Mar 27, 2011. 09:48 AM | 12 Likes Like |Link to Comment
  • Why a Fast Appreciating Yuan Won't Help U.S. Economy [View article]
    China has the recipe of getting ahead and getting rich. It is:
    1. To get ahead, one has to work hard, very hard.
    2. To get rich, one has to save.
    Feb 11, 2011. 06:37 AM | 12 Likes Like |Link to Comment
  • Jeffrey Saut: 'Do You Sincerely Want to Be Rich?' [View article]
    If you change the question to: Do I need to be rich? Many will answer NO! The happiest people are people that are NOT poor, but not rich. How do I define rich? Rich people are people that have too much money. When people have too much money, many of them would or could do very stupid things like drugs or divorces. They can get cars that are too fast and houses that are too big. They sometimes spoil their children and love ones. They get people to be jealous of them. Do I want to be rich? Yes, I still do! I did not say I am smart.
    Dec 21, 2010. 06:55 AM | 12 Likes Like |Link to Comment
  • We Are Not Greece. If Anything, We Are Japan [View article]
    The US will continue to spend paper money until someday people will stop accepting them. How is the US going to pay its debt? By printing more money?
    Compare China's bubbles to US bubbles:
    China has a production bubble.
    China has an investment bubble.
    China has a real estate bubble.
    China has a savings bubble.
    US has a debt bubble.
    US has a paper money bubble.
    US has a trade deficit bubble.
    Which bubbles would you rather have?
    May 21, 2010. 09:33 AM | 12 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    IMF tells China how to run its economy. China will probably say thanks but no thanks.
    Jun 5, 2014. 07:49 AM | 11 Likes Like |Link to Comment
  • The Economy's New Boss: Demographics [View article]
    Quite unlike US citizens, most Japanese seniors have savings. They are in better shape than most westerners.
    Sep 4, 2012. 10:15 PM | 11 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    If QE1 and QE2 did not work, what make people think QE3 will? Are we desperate?
    Aug 31, 2011. 08:34 AM | 11 Likes Like |Link to Comment
  • China Collapse Means Iron Ore Collapse: Who Do You Short? [View article]
    If China stop building luxury housing today, it will start building low cost housing tomorrow. China need to build 10 million low cost housing per year for the next 5-10 years for 200 million people to move into cities of all sizes. Chanos had never been to China. He think he know what he is saying. He does not.
    May 4, 2011. 11:11 AM | 11 Likes Like |Link to Comment
  • U.S. Economy Remains on Life Support [View article]
    Is giving more drug to a drug addict helping him? Neither is giving more money to a person or institution that is heavily into debt.
    May 1, 2011. 11:19 AM | 11 Likes Like |Link to Comment
  • Defaulting on Debt Is Not the End of the World [View article]
    If the US default on its debt,
    1. World trade will be affected because the US $ will become worthless.
    2. Countries that hold US equities as reserve will be hurt.
    3. All pension funds that hold US equities will be in trouble.
    4. All Education funds will be in trouble.
    5. All financial and other institutions that hold US equities will be in trouble.
    6. All US citizens that holds US bonds will be in trouble.
    7. What will the US use to buy oil and other commodities?
    8. Can the US government survive a default?
    Apr 10, 2011. 07:11 AM | 11 Likes Like |Link to Comment
  • China Rate Hikes: What They Really Mean for Gold [View article]
    The US and China are racing to the bottom. The results are different.
    China end up with buildings, roads, high speed rail and money coming out of its ears.
    The US end up with electronic gadgets, shoes, clothes, debts, and high unemployment.
    Who is winning the race?
    Feb 11, 2011. 10:32 AM | 11 Likes Like |Link to Comment
  • Goldman Reversal: Avoid China [View article]
    I have no faith in GS. If you have money to invest, do some homework yourself before you invest. Investment houses is in it for themselves. They want you to buy and sell as frequent as possible because everytime you buy or sell, they make commission.
    Jan 19, 2011. 05:17 AM | 11 Likes Like |Link to Comment
  • What a Recovery! [View article]
    Business as usual, US increase consumption, China increase production. Is that not what got them into trouble in the first place?
    Jan 16, 2011. 09:54 AM | 11 Likes Like |Link to Comment
  • Outlook 2011: Is the Smart Money Right About China? [View article]
    China is growing by over 9%, oh, you think this is a lie. China's international trade is at an all time high and growing. This can not be a lie, we can trace this figure from outside China. China is buying resources and resource companies all over the world. This is also traceable. China is lending money to many, many other countries. This is also traceable. China is in trouble? If growing too fast mean trouble, then, in your definition, China is in trouble. To China, it need to manage its growth, but it is not trouble. China is collapsing? You got it all wrong, China is over heating, the opposite of collapsing.
    Dec 26, 2010. 09:40 AM | 11 Likes Like |Link to Comment
  • Here's a Third Way to Determine When You Have Enough to Retire [View article]
    You do not need $ 2-3 million to retire comfortably. If you have $ 1 million, and if you draw 4% of it yearly, you can draw down $ 40 000 yearly for 25 years assuming you earn no real interest. If you have any kind of company or government pension, you do not need $ 40000 extra per year. For the average person, if you have $ 500000, you should live comfortably in retirement.
    Dec 2, 2010. 07:10 AM | 11 Likes Like |Link to Comment
COMMENTS STATS
11,557 Comments
13,559 Likes