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Mashuri

Mashuri
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  • Bitcoin Bubble 2.0 [View instapost]
    I hope it's clearer than the responses you've been writing on his blog post.
    Mar 7, 2013. 12:38 PM | Likes Like |Link to Comment
  • Bitcoin Bubble 2.0 [View instapost]
    You got Peter Surda's attention. Let's see if your pride overrides your logic: http://bit.ly/12uqNsb
    Mar 6, 2013. 01:25 PM | Likes Like |Link to Comment
  • Treasury prices plummet after the 30 year auction moves paper at 3.75% vs. the 3.64% it had been trading at before the sale; the yield now moving to 3.77%. TLT -5.2%.  [View news story]
    This is huge. 1st time in 30 years that direct bidders outnumbered indirect bidders. China wasn't just posturing this time.
    Aug 11, 2011. 01:45 PM | Likes Like |Link to Comment
  • "Complete bunk" is Peter Schiff's view of the notion that Japan's rebuilding might actually boost its economy. “Resources used to rebuild are not available for other purposes"; instead of adding new infrastructure or producing more goods, those resources now merely replace what they lost. Still, the near-breakeven rally of the top Japan ETF (EWJ -0.2%) may show that the idea has believers.  [View news story]
    It takes years of college level Econ to knock the common sense out of someone...
    Mar 16, 2011. 01:45 AM | 2 Likes Like |Link to Comment
  • There are good reasons for the stigma against default, James Saft writes, but it's hard to ignore the overall economic benefits of defaulting - whether you're a homeowner or a country. (He's chatting live about it.)  [View news story]
    I'm saying it is immoral to force people to pay for other peoples' debts. That's exactly how governments pay their bills.
    Jul 6, 2010. 02:58 PM | Likes Like |Link to Comment
  • There are good reasons for the stigma against default, James Saft writes, but it's hard to ignore the overall economic benefits of defaulting - whether you're a homeowner or a country. (He's chatting live about it.)  [View news story]
    I will take chaos every day of the week if it involves choosing between what is legal vs. what is moral.
    Jul 6, 2010. 01:43 PM | 2 Likes Like |Link to Comment
  • House Majority Leader Steny Hoyer says the body is discussing reviving Glass-Steagall, the law repealed in 1999 that barred bank holding companies from owning other financial firms. Hoyer voted for repeal in '99 and "maybe that was a mistake."  [View news story]
    So long as we have moral hazards like fractional reserve banking and FDIC insurance, we need something like the Glass-Steagall Act.
    Dec 15, 2009. 04:58 PM | 4 Likes Like |Link to Comment
  • For a jobs fix, Bruce Krasting signs on to the NFIB's idea to eliminate payroll taxes for a year, for a $680B shot directly to the American small-business arm. A "means tax" on Social Security benefits would protect the trust fund from devastation, he says.  [View news story]
    It's the spending that needs to stop (warfare and welfare). Otherwise, the government will steal it from us one way or the other, be it taxes, property confiscation or currency debasement.
    Dec 3, 2009. 01:18 PM | 2 Likes Like |Link to Comment
  • Ben Bernanke may not have an easy go at his nomination hearing this week. "I absolutely will not vote for Mr. Bernanke. He is part of the problem," Sen. Bernie Sanders told This Week today. In an unusual move so close to the hearings, Bernanke spoke out this weekend against attempts to strip the Fed of its powers.  [View news story]
    We need to adopt this little line from Panama's (a country, BTW, that has never suffered a financial or currency crisis since it's founding 105 years ago -- a much better record than the Fed and U.S.) constitution into our own: "There will be no forced fiat paper currency in the Republic. Thus, any individual can reject any note that he may deem untrustworthy."
    Nov 30, 2009. 12:14 AM | Likes Like |Link to Comment
  • The SEC is dropping its rule requiring weekly short-sale position reports from institutional investors, amid some new measures it's taking to curb abuse - including different ways to make those short positions public. The SEC has made permanent its temporary ban on "naked" short sales.  [View news story]
    Anyone think this includes the massive naked shorting that goes on in the precious metals futures market? I wouldn't hold my breath on that being enforced.
    Jul 27, 2009. 02:41 PM | Likes Like |Link to Comment
  • No shortage of opinion on the federal minimum-wage hike going into effect today. 24/7 Wall Street: The hike is not only inflationary, but stagflationary. Bruce Bartlett: It mandates higher unemployment. Marginal Revolution: It's not surprising some employers support it. The Atlantic dug for facts in the last BLS report.  [View news story]
    Total fallacy. It's because illegals are more willing to work "off the books" for less than minimum wage. This is especially tolerated here in the vast crops of California because it keeps food prices down. People would really start revolting against minimum wage laws once they saw their food and produce prices skyrocket. Can't have that!


    On Jul 24 01:53 PM Windsun33 wrote:

    > The problem is not the wages for illegals, it is that Americans are
    > "too good" to take jobs like that.
    Jul 24, 2009. 02:53 PM | 1 Like Like |Link to Comment
  • Bernanke to Congress: About 25 firms are systemically significant. Oh, by the way, "virtually all" are organized as bank holding companies, which means the Fed already happens to be their supervisor and lender of last resort.  [View news story]
    Because monopolies are always better than cartels... ;)


    On Jul 24 02:43 PM PassingBy55 wrote:

    > I vote we consolidate them all into 1 company so the system is more
    > sound
    Jul 24, 2009. 02:48 PM | Likes Like |Link to Comment
  • No shortage of opinion on the federal minimum-wage hike going into effect today. 24/7 Wall Street: The hike is not only inflationary, but stagflationary. Bruce Bartlett: It mandates higher unemployment. Marginal Revolution: It's not surprising some employers support it. The Atlantic dug for facts in the last BLS report.  [View news story]
    Ever wonder why there is a large black market for labor (illegal immigrants, etc), products/services cost too much (wage-pushed inflation) or why apprenticeships and on-the-job training are so hard to come by? There you go. I know proponents of minimum wage mean well for low-skilled workers but, with friends like these...


    On Jul 24 01:27 PM coloneldebugger wrote:

    > this is such a stupid ass non story. the day for the min wage increase
    > was set like five years ago. why is everyone acting like this came
    > out of no where?
    >
    > maybe everyone would be happier if the min wage was set at 2.13 an
    > hour for everyone, not just waiters.
    >
    > seriously, who do you know that can live on $7.25 and hour in this
    > country?
    Jul 24, 2009. 01:51 PM | 1 Like Like |Link to Comment
  • Economist Bob Murphy says the best way to predict what's coming is to imagine you controlled the world's governments and central banks, and had no conscience...  [View news story]
    Vuke:

    I think you're taking Bob's article too literally.
    Jul 15, 2009. 03:38 PM | 1 Like Like |Link to Comment
  • The SEC and Commodity Futures Trading Commission are jointly seeking "clear, unimpeded oversight" of the $592T over-the-counter derivatives market, the heads of the agencies said. Securities-based derivatives (including credit-default swaps) would be handled by the SEC, while all others (including interest-rate and commodity swaps) would be handled by the CFTC. (Previously: I, II)  [View news story]
    How transparent would they be? Would we be able to track the multi-trillion dollars in derivatives that the Bank of International Settlements has? Don't hold your breath...
    Jun 22, 2009. 06:45 PM | Likes Like |Link to Comment
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