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  • Is Joe Sixpack Better Off Today?  [View article]
    Is Joe better off now?

    If his small biz boss shut the doors or laid him off, no he's not.

    If his boss is connected to the chosen winners in health care, law firms, state offices, cop stations, schools, "green" energy, or political lobbying, then yes, yes he is.

    As to which evil will be less evil, well now.

    BOTH of them think federal/state control is the correct repair. Even though when we look around we see it is the cause of the problems.

    Joe Sixpack is screwed once the federal gift-parade is stopped or slowed.

    Neither guy is going to change that, and the voters will do what they always do - pay attention to the shiny ball (the Presidential 'decision') while re-electing the same criminals that caused all the problems.

    Joe's economic problems are bad enough, now throw in the fact that the world is hellbent on implosion and realize what is most likely to be headed our way.

    But for now, we pretend that all this is acceptable and normal.

    Humans make real good mushrooms, I don't see either party wanting that to change.
    Sep 17, 2012. 10:17 AM | 2 Likes Like |Link to Comment
  • Federal Spending Has Actually Declined Since 2012  [View article]
    "...The number of people "on the dole" continues to decline, and that is also a good thing from a macro perspective. 18.4% fewer people are receiving unemployment insurance today than there were one year ago..."


    Yes, the number of people on the UNEMPLOYMENT dole has gone done.

    But the number of people on the LIFELONG disability dole has risen dramatically. As has the ten hour a weekers and their free food stamps and Xanax.

    Even if you choose to believe these press releases (I don't, there is no way they are telling the truth when you start following the "recovery" dollars around. ALL fed money and impossible to reconcile the money I'm seeing being spent with the reports they release, but whatever, even their lies are ugly and getting uglier), things are bad.

    You are such a raging group-think, academic theory and high horse guy Calafia.

    How many hours of amusement you have given me over the years. You use your platform to sell hopium and profit from it, instead of reality that might actually help to save people when this entire fantasy implodes. Or, you really don't see the destruction all around you.

    Thanks again for the insight into the people running things. And the laughs. Mostly for those.
    Sep 17, 2012. 10:03 AM | 2 Likes Like |Link to Comment
  • Cramer's Rant On Facebook  [View article]

    Social Security is the biggest Ponzi in American history. Exact definition when those in first are paid from the buy-ins of those that follow later.

    The magnitude dwarfs the FB ponzi.

    Fiat on.
    Aug 22, 2012. 02:44 PM | 2 Likes Like |Link to Comment
  • Best Buy: A Heck Of A Miss  [View article]
    I love people that are long American middle class entertainment spending. Good luck.

    Entertainment spending, including big screen tvs and fancy cell phones, is usually funded by the monies (or credit for the ignorant) left over after your basic needs are met.

    Health care is now 18% of GDP, I'd say for some individuals, it is well north of that, doesn't bode well for entertainment spending.

    Especially when viewed with the concurrent happenings of massive and raging inflation in food, utilities, taxes, etc., etc., etc.

    Sure Best Buy (and JCP and, and, and) are going to recover. I won't bank any of my earnings on it, but love to hear from those that are.
    Aug 22, 2012. 02:37 PM | 1 Like Like |Link to Comment
  • Is This A Bubble? What Is It?  [View instapost]
    I think it's US government debt.

    The small bubble towards the right, before the take off, was the Reagan years, then you get the Y2K/dotcom instant wealth drop in debt, then boom, the '00s shoot us too the moon.

    Too bad neither side is doing anything to change that trajectory, rhetoric to the contrary, notwithstanding.

    Of course, I could be totally off on the chart.
    Aug 22, 2012. 02:30 PM | Likes Like |Link to Comment
  • Seasonal Distortion In Jobless Claims: The Sequel  [View article]
    The major problem with "initial" claims is that they don't count millions that are/could be out of work and don't qualify to file a new claim.

    The 99 -weeker's coming off won't be eligible for unemployment for a long, long, long time. They have to build their bank again.

    The people that are working contract, part-time, on-call, self-employed, none of them will ever be counted in this set.

    This "are we" or "aren't we" argument about a recession is so amusing to me.

    WE never left the recession, unless the "we" you speak of is connected to the government, or one of their cronies, they are all doing fine. Well, fine for now.

    I can tell you that my biz is experiencing increasing aging time, increasing bounced checks, increasing bankruptcies and decreasing quoting. All of which have 'led' us into the past two 'downturns' that we never actually 'recovered' from.

    And, my customers and vendors are reporting the same things. Once the UAW quits channel-stuffing their dealers and has to deal with production being closer to retail sales, things are going to go dark again.

    Ponzi on folks, slanted stats say we may be okay.

    Thanks for the article, pleasure reading you today.
    Jul 19, 2012. 02:40 PM | 7 Likes Like |Link to Comment
  • Are Healthcare, Food, And Gas Killing Consumer Spending?  [View article]
    Well they hope that taxes as a percent of GDP will go up - staying up will be the trick.

    I get the feeling it will revert to the norm.

    Many small businessmen I know are already packing it it. We can't take one more regulation, tax form, reporting requirement, inspection, rule, threat or theft. Human nature is winning out over lifelong investments.

    We can't take anymore, nor can we "wait" for this country to return to sanity.

    Good luck with that recovery - and retail spending - the job makers are tapped out and can't take much more.

    Besides, according to our POTUS, "we" didn't make our success, somebody else did it all for us.

    Better get "somebody" else to re-open our companies and employ consumers, cause we are proving we are nearly done with it.
    Jul 17, 2012. 02:02 AM | 1 Like Like |Link to Comment
  • Are Healthcare, Food, And Gas Killing Consumer Spending?  [View article]
    BIg Thunder, oh my.

    You are so misinformed.

    Medical bills for people that HAVE insurance are the #1 reason of bankruptcy.

    THEY HAVE INSURANCE and the medical bills kill them.

    If you don't have insurance and you get real sick the government already takes care of you.

    It's only the people that PAY that are bankrupted.

    I'm amazed at how gullible people truly are. Truly amazed.
    Jul 17, 2012. 01:56 AM | 1 Like Like |Link to Comment
  • Are Healthcare, Food, And Gas Killing Consumer Spending?  [View article]
    Big Thunder, what a crock.

    I was without healthcare for years (a contract worker, as most are now) and I paid for EVERY medical procedure I had done.


    Not everyone without insurance is a deadbeat, what a stupid generalization.

    Now riddle me this. The cost of my employer-paid policy has TRIPLED in the past three years. TRIPLED (that's our "increase" in wages folks, believe the government at your own peril) and we are now in the "luxury" category, which means a 40% tax added to it. I won't even bother trying to explain to you how S-Corps (small biz) are the only people in America TODAY paying taxes on health insurance. But I can tell you it is with a "non-profit" insurer and is NOT the gold-plated policy, it has a $5000 deductible and we don't use it at all (no long-term medications).

    If we cannot afford insurance anymore, just where do you think 30 million people working at McDonalds are going to buy it?

    Now realize that the MILLIONS insured on medicaid immediately go forth and get put on dozens of pills.

    We will NEVER be able to afford "health" care in the present system of pills for all. It is FISCALLY impossible.

    Math. You can hate it, you can avoid it, you can even pretend it doesn't exist, but sooner or later you'll find out that not believing in it doesn't make it go away.

    Math is a constant, and this country cannot EVER afford our current system. EVER.
    Jul 17, 2012. 01:52 AM | 2 Likes Like |Link to Comment
  • Solving The Income Inequality Problem  [View instapost]
    "solving" a problem created by the same people that tout "solving" it.

    Gotta luv human nature.

    Thanks for the Friday smile John!

    Take care
    Jul 13, 2012. 12:48 PM | 1 Like Like |Link to Comment
  • Green Mountain Coffee's Numbers Submitted To SEC Examiners Don't Add Up  [View article]
    Wow Day Trader, little sanctimonious aren't you?

    Hell, Corzine is still a Washington insider and you want to diss someone that has admitted his mistakes, paid for his crimes and is trying to open others eyes to their future victimization?

    No wonder America is so messed up.

    I love Sam's work and applaud his openness about a past that most would rather cover up.

    Hope you are not judged as harshly in your future.
    Jul 13, 2012. 12:44 PM | 3 Likes Like |Link to Comment
  • The Real Fiscal Cliff  [View article]
    What amazes me is that we sit in a "free" country where nearly EVERY one of the "rights" this nation was founded (and prospered) on have been wiped out, yet we somehow cling to the belief that things are normal - or will soon return to it.

    Anyone still thinking "the government" (of ANY level, state, city, fed, world) can "fix" a darn thing is amazing.

    The nature of the beast breeds the consequences, which are ALWAYS more waste, more cost, more "keep busy" work but less production. Less for the rest of us.

    OUR monies are shrinking by law & mandate, OUR pie is the one that is going to be eaten first.

    Quit asking the SAME people to fix what THEY messed up.

    It is exactly like asking the fox to build the security system for the henhouse.

    Keep asking the guv for "help," keep being shocked when your chickens continue to disappear.
    Jul 13, 2012. 12:38 PM | 2 Likes Like |Link to Comment
  • Forget About QE3, Look To The 'Fiscal Cliff' For Gold's Next Big Move  [View article]
    The road that the can is bouncing on is getting mighty short.

    Gold stocks will crash if the market crashes. Market crashes and corrupted cesspools go hand-in-hand.

    I buy PMs, and food, because I know that there will come a day when the prices are outside my reach.

    Hedging against total capital destruction, not for "earnings."

    But, that's just me. Thanks for another great article Tim.
    Jul 13, 2012. 12:26 PM | 10 Likes Like |Link to Comment
  • The Case-Shiller Update  [View article]
    Jeesh, wonder how many billions Washington gave to the bankster's connected cronies to buy these houses "back" and then re-hab them to turn them into Section 8 housing?

    What? You didn't know that was happening? Not shocking.

    Yes folks, the same government that took over the original bad mortgages and paying the banksters near book value, is now paying a lot of the same people to "borrow" the money (from the gov/us) to buy the houses and then "lending" it to rehab the houses.

    Seems like a lot of graft to eke out such low numbers.

    But what do I know, the sun is shining, food prices are stable, there are low-paid, part-time jobs on every corner and we are staring into an abyss of taxes and regulations no matter whom is elected in November.

    Tell me another story, I need some fairytales in my life.
    Jul 13, 2012. 12:23 PM | 2 Likes Like |Link to Comment
  • Dragging The U.S. Into The European Recession  [View article]
    With the stimulus and QExxxx wearing thin, and thousands of more small biz intentionally slaughtered from coast-to-coast, how does ANYONE with a brain think we could NOT be "entering a recession?"

    Europe or not.

    We have become Europe on steroids and it took us next to no time to do it.

    I don't even know why I still (rarely) try to get Americans to open the business reports that they tout and invest by and see reality. Seems most experts these days (Mr. Hansen is excepted, of course) believe the world is accurately reflected in manipulated, government produced headlines. All you have to do is turn past the first page and go to the unadjusted numbers to better see what is happening.

    We have shed jobs since 2008. We have fewer people employed and more employed part time.

    Nearly all of our "hourly wage" advances since then can be attributed to health care insurance, not actual, spendable wages.

    Much more of our GDP is from pharm and medical, while our productive economy CONTINUES to shed businesses and their jobs. Government programs have exploded as millions more of our citizens move from productive to entitlement/welfare sucking.

    And here we sit "wondering" if we are going to "return" to a recession, or if Europe is going to "push" us into one.

    My how well Bernays and his ilk called it.

    Reality is that we NEVER LEFT the recession, and if not for massive printing and massive new government control over EVERYTHING, every single one of you would already know it.

    Fiat on folks, the night grows short.
    Jun 12, 2012. 01:42 PM | 2 Likes Like |Link to Comment