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Jake2992

Jake2992
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  • Is Inflation Next? [View article]
    Just printing money doesn't mean it enters the general economy and starts chasing goods. That's what most don't get.
    Apr 7 10:55 PM | 5 Likes Like |Link to Comment
  • Is Inflation Next? [View article]
    Growth is slower today because so much of the world's wealth is concentrated into the hands of a few. Blaming slow growth on government is naive. Blaming it on deficits flies in the face of all historical facts. Don't let your bankrupt personal political ideology cloud your vision.
    Apr 7 09:40 PM | 3 Likes Like |Link to Comment
  • Is Inflation Next? [View article]
    So the middle class don't buy food or energy? Today, we spend less of our income on food and energy than 50 years ago. So the argument that the inflation formula is flawed doesn't hold any weight.
    Apr 7 09:35 PM | 2 Likes Like |Link to Comment
  • The Stock Market Is Rigged! The Stock Market Is Not Rigged! [View article]
    "After all, for the retail investor, who cares if the price of, say Chevron, is $120 or $120.01, unless you are trying to day trade."

    This is the main point. If HFT was really ripping off the little guy, we wouldn't even be hearing about this story, it would be quietly kept under the rug. It's the big investment banks that get screwed when making larger orders, but what right do they have to get the same prices on their 1,000,000 lots as we do on our 100 lots? NONE!!

    For all the negatives attributed to HFT's, how are all small investors not better off today without 25 cent slippage on their trades? Penny wide markets are so much more important than the microcents we may lose because of front running.
    Apr 2 10:11 PM | Likes Like |Link to Comment
  • The Stock Market Is Rigged! The Stock Market Is Not Rigged! [View article]
    They just delayed the IPO untill the dust settles.
    Apr 2 10:03 PM | Likes Like |Link to Comment
  • Overdraft fees on the rise [View news story]
    It's not complicated, just decline overdraft "protection". If you don't have the money in your account, the charge is declined. The entire idea that a bank is protecting me by charging me 30 bucks to cover the 10 cents I went over on my balance is absurd and unethical. Not giving me the option to decline overdraft protection was the problem, that is what Dodd-Frank fixed.

    The banks would go so far as to prioritize purchases so that larger purchases are deducted from your account first, then when you are at zero balance they process the smaller charges and hit you with multiple overdraft charges. Robbery.
    Apr 2 09:44 PM | 2 Likes Like |Link to Comment
  • Three breakfast reads [View news story]
    Here is a copy of the tesla story for those without wsj subscription.
    http://yhoo.it/1h2x3Os
    Apr 2 09:54 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I'm not sure were Bloomberg got its information from but, the Kaiser Family Foundation estimated that even if the young enrolled at only 50% of expected levels, premiums for 2015 would only have to be raised a couple of percentage points. That is not a sharp rise. We had sharp rises every year under Bush, the Republicans had no problem. I guess its different because its the "free market" at work.

    The real success of the ACA is that medical inflation has been halted to its slowest pace in 50 years. With most of the late sign up from younger people waiting until the last second to sign up, that should help the situation.

    It's really amazing how wrong right wingers have been with every single one of their ACA doomsday predictions. The opposite of everything they said would happen is happening.
    Apr 2 09:19 AM | 12 Likes Like |Link to Comment
  • Tempest In A Microsecond [View article]
    I doubt they can see your stops.
    Apr 2 01:06 AM | Likes Like |Link to Comment
  • China leads in ocean energy technology, with help from Lockheed Martin [View news story]
    Where are the right wing dolts who thought solar energy was just a liberal myth as recently as 2 years ago?
    Apr 1 02:59 PM | 1 Like Like |Link to Comment
  • Blood In The Streets, It's Time To Buy Russia [View article]
    late on your longs and too early on your shorts. The story of Paulo's life. HAHAH
    Apr 1 12:47 PM | Likes Like |Link to Comment
  • Obamacare Web site goes down twice amid last-minute rush [View news story]
    Two lies here.

    Lie #1 "For the estimated $3T that Obamacare will add to our debt"

    The RNC attributed this figure to a May 2013 CBO report. But the CBO didn’t say that federal health care spending would total $3 trillion in 2023. Instead, it said that Social Security and major federal health care programs would cost that much.
    http://bit.ly/1s3iE8d

    Lie #2 "They will take the money from Medicare."
    That’s a reduction in the future growth of Medicare spending over 10 years, not a slashing of the current budget. The savings are achieved by negotiating better savings with prescription drug suppliers and hospitals. Both of these measures have extended the solvency of the Medicare program.

    Same link.

    There is no greater threat to America than conservatives and their lies.
    Apr 1 12:18 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Wyo, I looked up your story about musicals and all that popped up was a bunch of right wing conspiracy theory sites. Maybe that's why you couldn't post a link.

    The truth is that Republicans waste more money on tax rebates to companies like CAT than we spend on food stamps. People who actually need the assistance, not billionaires.

    The US has the 2nd lowest corporate tax revenue/GDP in the developed world. That effectively means we shift the burden onto individuals or we go into debt, and that is what has happened.
    Apr 1 11:54 AM | 6 Likes Like |Link to Comment
  • Obamacare Web site goes down twice amid last-minute rush [View news story]
    So you aren't asking Hubert for a link to his ridiculous claim that ACA will add 3T to our debt? Seems like you have an agenda.
    Apr 1 10:27 AM | Likes Like |Link to Comment
  • Obamacare Web site goes down twice amid last-minute rush [View news story]
    That number is known and well documented.

    Obamacare has lead to at least 9.5 million previously uninsured Americans gaining coverage.
    http://bit.ly/1olzzU9

    Also, there are now more Americans who support the ACA than oppose it, that is also a first.

    Of course with SA's biased anti Obama coverage of the ACA you would never get that information. Instead they harp on the website being down for a total of 9 minutes during a surge in enrollment. The 7 million mark will surely be met.
    Apr 1 09:29 AM | 1 Like Like |Link to Comment
COMMENTS STATS
820 Comments
1,498 Likes