Wall Street Breakfast: Must-Know News [View article]
Hi, JC,
"If boats are a good indicator of a strong middleclass -"
There are many people in America -some on this board - who consider pleasure boating, even a 14-foot skiff with an outboard motor, to be excesses of the bourgeoisie and that boating should be banned as a crime against the proletariat. Never-mind that the proletariat build these boats and motors for good wages, these boats should be banned because they are symbols of class struggle.
As for ecologically correct sailboats, who but the idle rich have the money and time to own one and learn to sail it?
Wall Street Breakfast: Must-Know News [View article]
"The pension will soon be dead as the dodo."
And all thanks to Bill Clinton's Most Favored Nation policy with China and his sponsorship of China's inclusion into the WTO. Clinton was "tipped" well by China for his assistance above and beyond the call of personal and political greed. Bill Clinton makes Bernie Madoff look like a shoeshine boy who runs off with the change for a $20 bill!
Wall Street Breakfast: Must-Know News [View article]
riq,
"The decline of Venice, Bruges, etc.?"
All three declines were the result of underestimating their enemy and not preparing for war. So the cautionary and preparatory suggestion for those who "wish for peace" was ignored. They didn't prepare and they all got war. They depended on "Hope & Change" to save them.
Wall Street Breakfast: Must-Know News [View article]
American_Merchant,
"Just like the decline under the Bush administration right Buckoux?"
You're preaching to the choir. I hate BOTH bush's! Bush #41 led to the disastrous Clinton presidency and "W", #43, was a mixture of Nelson Rockefeller, LBJ and Huey Long (spit!).
Wall Street Breakfast: Must-Know News [View article]
riq,
"A trade war would ensue,..."
No it wouldn't. Read the post. The tax is at the point of sale, the cash register, not at port of entry and becomes "internal" like "human rights". The Chinese could complain and so could consumers, but to what effect? Do you really think that the Chinese would, in turn, tax KFC chicken nuggets sold in China when that chicken is produced in China? I think not. There are ways to wage a trade war without firing a shot.
Wall Street Breakfast: Must-Know News [View article]
James,
"The party's over and the taxpayer cannot afford to pay pensions that amount to lottery jackpot payouts."
That's exactly what they are. It's the same extortion that FDR warned about in his famous 1937 letter to the National Federation of Federal Employees; "“Meticulous attention should be paid to the special relationships and obligations of public servants to the public itself and to the government".
Wall Street Breakfast: Must-Know News [View article]
guayas12,
"...Interest rates for homes will go to 4.5% hurting the "expansion mirage" we are seeing."
Respectfully, I beg to differ. Higher retail interest rates are good for new and existing home sales as the interest rate keeps both the home price and down payment lower. Also, some builders borrow from banks at 3% and lend to their buyers at 4.5%. Profit on the house and a 20-30 year income stream. For the housing industry to function well, the average buyers interest rate should be more than 5% and less than 7%. The extremes on either side are for speculation That's what I used to do before government policy (both party's) killed housing and caused this deplorable recession.
Wall Street Breakfast: Must-Know News [View article]
D-Virginia,
"...finding better ways make money without adding value.
That's what happens when manufacturing is off-shored. The added value of labor (employment) is also exported for little domestic return other than low price alone.
Wall Street Breakfast: Must-Know News [View article]
riq,
"Tariffs high enough to bring back those jobs would impoverish everyone involved in protectionist trade wars."
No tariffs at point of entry, instead, tax Asian made goods at point of sale to the consumer by the states. Start making the US consumer pay and be made aware that their taste in foreign made "chintz" is expensive. The states need(?) the money and the feds could feign ignorance and powerlessness.
Wall Street Breakfast: Must-Know News [View article]
gggl,
"As to why we have such high unemployment now that also has little to do with trade and everything to do with advances in productivity."
Not even half! You can't replace domestic skilled trades and crafts with paper shufflers and data entry clerks and expect to maintain a prosperous economy. Trade does have an effect on the kind and amount of employment. Especially when a country exports its skills to import cheap junk.
Wall Street Breakfast: Must-Know News [View article]
"It's George Bush's fault." (I got the sarcasm)
I don't blame George Bush for high gas prices or even the Great Recession. I do blame him for President Obama and Fed Chair Ben Bernanke.
Wall Street Breakfast: Must-Know News [View article]
"If boats are a good indicator of a strong middleclass -"
There are many people in America -some on this board - who consider pleasure boating, even a 14-foot skiff with an outboard motor, to be excesses of the bourgeoisie and that boating should be banned as a crime against the proletariat. Never-mind that the proletariat build these boats and motors for good wages, these boats should be banned because they are symbols of class struggle.
As for ecologically correct sailboats, who but the idle rich have the money and time to own one and learn to sail it?
Wall Street Breakfast: Must-Know News [View article]
And all thanks to Bill Clinton's Most Favored Nation policy with China and his sponsorship of China's inclusion into the WTO. Clinton was "tipped" well by China for his assistance above and beyond the call of personal and political greed. Bill Clinton makes Bernie Madoff look like a shoeshine boy who runs off with the change for a $20 bill!
Wall Street Breakfast: Must-Know News [View article]
"The decline of Venice, Bruges, etc.?"
All three declines were the result of underestimating their enemy and not preparing for war. So the cautionary and preparatory suggestion for those who "wish for peace" was ignored. They didn't prepare and they all got war. They depended on "Hope & Change" to save them.
Wall Street Breakfast: Must-Know News [View article]
"But, those were jobs that could be done anywhere."
True. But when a country's national policy encourages that concept the result is unemployment.
Wall Street Breakfast: Must-Know News [View article]
"Yes, its an old industrial city, but there is good reason that this was the centerpiece of the economy for a hundred years."
Well said and I heartily agree. I liked Detroit by way of the time I spent on the Nike-Herc missile sites that "protected"(?) it.
Wall Street Breakfast: Must-Know News [View article]
"Just like the decline under the Bush administration right Buckoux?"
You're preaching to the choir. I hate BOTH bush's!
Bush #41 led to the disastrous Clinton presidency and "W", #43, was a mixture of Nelson Rockefeller, LBJ and Huey Long (spit!).
Wall Street Breakfast: Must-Know News [View article]
"A trade war would ensue,..."
No it wouldn't. Read the post. The tax is at the point of sale, the cash register, not at port of entry and becomes "internal" like "human rights". The Chinese could complain and so could consumers, but to what effect? Do you really think that the Chinese would, in turn, tax KFC chicken nuggets sold in China when that chicken is produced in China? I think not. There are ways to wage a trade war without firing a shot.
Wall Street Breakfast: Must-Know News [View article]
"Many people on Insurance plans simply don't know what the costs are or could be bothered to know'..."
You mean that they're kinda like low-info voters? You got that right!
Wall Street Breakfast: Must-Know News [View article]
"The party's over and the taxpayer cannot afford to pay pensions that amount to lottery jackpot payouts."
That's exactly what they are. It's the same extortion that FDR warned about in his famous 1937 letter to the National Federation of Federal Employees; "“Meticulous attention should be paid to the special relationships and obligations of public servants to the public itself and to the government".
Wall Street Breakfast: Must-Know News [View article]
"...Interest rates for homes will go to 4.5% hurting the "expansion mirage" we are seeing."
Respectfully, I beg to differ. Higher retail interest rates are good for new and existing home sales as the interest rate keeps both the home price and down payment lower. Also, some builders borrow from banks at 3% and lend to their buyers at 4.5%. Profit on the house and a 20-30 year income stream. For the housing industry to function well, the average buyers interest rate should be more than 5% and less than 7%. The extremes on either side are for speculation That's what I used to do before government policy (both party's) killed housing and caused this deplorable recession.
Wall Street Breakfast: Must-Know News [View article]
"...finding better ways make money without adding value.
That's what happens when manufacturing is off-shored. The added value of labor (employment) is also exported for little domestic return other than low price alone.
Wall Street Breakfast: Must-Know News [View article]
"Tariffs high enough to bring back those jobs would impoverish everyone involved in protectionist trade wars."
No tariffs at point of entry, instead, tax Asian made goods at point of sale to the consumer by the states. Start making the US consumer pay and be made aware that their taste in foreign made "chintz" is expensive. The states need(?) the money and the feds could feign ignorance and powerlessness.
Wall Street Breakfast: Must-Know News [View article]
"As to why we have such high unemployment now that also has little to do with trade and everything to do with advances in productivity."
Not even half! You can't replace domestic skilled trades and crafts with paper shufflers and data entry clerks and expect to maintain a prosperous economy. Trade does have an effect on the kind and amount of employment. Especially when a country exports its skills to import cheap junk.
Wall Street Breakfast: Must-Know News [View article]
"What caused such a decline?"
Liberals did not heed conservatives warnings.