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User 344476

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  • Retirement's 4% Rule: Surprising Answers You Need to Know About the Inflation Factor [View article]
    I created a spreadsheet which duplicates your analysis. I modified it so that their incremental withdrawl matched the inflation rate, but the growth on the remaining balance each year was the inflation rate plus some additional fixed percentage. It appears they only need to achieve 1.31% when inflation is zero, 1.35% when inflation is 3% and a little less than 1.5% when inflation is 10%.

    I guess that little extra above the inflation rate makes a big difference. And it doesn't seem unreasonable to achieve.
    Aug 1 12:37 PM | 2 Likes Like |Link to Comment
  • Questions for Ben Bernanke [View article]
    I bet they won't let you into the press room!
    Apr 27 12:09 PM | 7 Likes Like |Link to Comment
  • Inflation vs. Hyperinflation: The Crucial Difference [View article]
    The most level-headed, realistic reasoning I've read in a long time.

    Apr 25 11:53 AM | 3 Likes Like |Link to Comment
  • Personal Income and Outlays Report: Ugh [View article]
    And it only cost us $150B. What a bargain!

    There was a time when it didn't cost us anything. But I doubt we'll ever see that gain. At least, not under the current government (don't read that as Administration).
    Jan 31 01:47 PM | 8 Likes Like |Link to Comment
  • How to Play This Economy: Short the Bottom, Go Long the Top [View article]
    This is all in the context of a government spending on the people's credit card at a rate of 10% GDP. How long can that be sustained? When will the economy be strong enough to fly on it's own? When will it be strong enough to pay back the enormous debt it's created to save itself from depression? What will happen if "we the people" finally begin to deal with our destructive credit habit? Can we recover in time?
    Jan 19 11:53 AM | Likes Like |Link to Comment
  • November Debt Update: The Disaster Continues [View article]
    This country is sooooo out of control. Consider what 191 billion is. 191/50 = $3.82 billion per state per month. How many states can afford to pay that off when the time comes?

    It's 191,000/320 = $597 per person per month. How many Americans can afford to kick their taxes up by that amount, per month, when the bill comes due? Or, how many rich people will it take to pay the bill for us poor slobs on the bottom?

    The Harvard grads are killing us with the vast knowledge and wisdom.
    Dec 7 08:39 AM | Likes Like |Link to Comment
  • The Ugly Truth Within the Fiscal Commission Report [View article]
    The latest round of wealth redistribution was due to massive theft by many dishonest folks, many of whom are in elected office. The American people could easily put a stop to it if their heads weren't in a fog. They we're sold a bill of goods. They continue to be sold one everyday.

    I actually heard some idiot news commentator, after the election, praise Nancy Pelosi for having the skill and guts to get the healthcare bill through even though 85% of the people were against it. I about fell off my chair. But this is the kind of crap we get and accept everyday. IMHO, NP should have received a lot of things, but definitely not praise. She's the antithesis of democracy.

    Bush tried the same thing with immigration a few years ago. He was stopped, however. But Americans keep asking for more punishment.

    Thankfully, the tea party is growing strong. It shows there still is a core of people in this once-great land that understand. I just hope there's enough to get over the hump.
    Dec 3 12:32 PM | 3 Likes Like |Link to Comment
  • The Ugly Truth Within the Fiscal Commission Report [View article]
    I've been unemployed 3 times over that period and never once got my next job with a cell phone.

    Try again.
    Dec 3 12:19 PM | Likes Like |Link to Comment
  • The Ugly Truth Within the Fiscal Commission Report [View article]
    Good grief. It's the same mentality that's used to not use common sense. Got any friends? Any relatives? Got legs? Got a brain?

    People don't give up their tv and cell phones because their priorities are totally screwed up (or, perhaps, in line with our leadership) and because they have many irresponsible ways to keep them ... like not paying for more important things like mortgages and rent.

    Our country is going bankrupt because we have become a land of self-centered fools.
    Dec 3 12:17 PM | 2 Likes Like |Link to Comment
  • New Foreclosure Crisis Has Much Broader Implications [View article]
    It has gone out the window. The immigration fiasco nailed the coffin lid tightly on the rule of law.
    Oct 13 11:17 AM | 2 Likes Like |Link to Comment
  • For the Economy's Sake: No Quantitative Easing [View article]
    Excellent article. I believe you are exactly right!
    Aug 16 08:38 AM | 2 Likes Like |Link to Comment
  • Less Credit and Income = More Consumer Spending? [View article]
    I agree. And this will continue until the end. People don't think there is an end because they haven't experienced one yet. That will change.
    Aug 9 11:52 AM | 12 Likes Like |Link to Comment
  • Fannie, Freddie and the 'Instant Refi' [View article]
    "Now here's the problem: If Fan/Fred were to implement such a "refinance/prepay" program, suddenly all the performing loans will immediately roll off. All that's left is the non-performing ones"

    Karl, you lost me here. When a loan is paid off, where does the principle roll off to? Doesn't it belong to the bond holders?
    Aug 2 11:50 AM | Likes Like |Link to Comment
  • When the Reliable Can't Be Relied On [View article]
    The real blame rests at the feet of those who bailed everyone out. The marketplace already knows how to apply justice to liars. This administration is simply living up to it's ideals through this legislation by making government the center of everything.

    Failing businesses who trusted and courtrooms crowded with defendants would be sufficient outcomes to insure the failure of lying rating agencies. Those agencies who did a good job would grow. But, no, papa government (includes the fed) knows better.

    I hope the American public wakes up in time to save this incredible country our fathers delivered to us. Currently, we've turned the reigns over to idiots and fools who are destroying it all.

    Let's repent!
    Jul 23 01:23 PM | 2 Likes Like |Link to Comment
  • Bernanke Admits Major Policy Failures; Stocks Soar [View article]
    Bernanke and congress have turned the USA into the twilight zone. Nothing is as it seems. Nothing is as it should be. Everyone hears all the good news, but no one really trusts it. A major breakdown in trust ... it's at least one factor that Bernanke didn't include in his plan to save the world.

    Sure, business might be picking up a little. But we all know why - at least $3T spend on the government's credit card, at least $2T used by the Fed to transfer bad loans out of the public marketplace. What happens when that music stops? We all know it must at some point. We all fear what will happen when it does stop AND if it doesn't stop. It just doesn't instill the necessary confidence.

    We all know how the too-big-to-fails were bailed out. And we all know the government's main concern is politics, not the well-being of it's citizens.

    So, even though business is picking up and news media keep applying lipstick to the pig each and every day, we all know there are huge cancers growing as a result of these policies. Until the cancer is largely eliminated, no one can act normal. No one can make investment decisions based on normal economic forces.

    They've managed to paralyze the economy. Congratulations Mr. B. and congress.
    Jul 23 01:05 PM | 2 Likes Like |Link to Comment