Buckoux

Consumer-Driven Deflation? Not Even Close

The Fed has been both inflating and deflating US money since 2000 with their constant reductions in interest rates. For the inexperienced among you, permit me to translate. Example: The interest that money can command is the rent paid to use that money. Rent a flatbed truck for $1,000 a day and calculate that $1,000 into the cost and upkeep of the truck and that is the value of the money (capital) that purchased that truck. When the same truck can now only be rented for $500 a day, it's the same effect as both inflation AND deflation. It may cost 1/2 of what the same truck cost to rent in 2000, but the trucks owner is getting a return on investment of 1/2 of 2000. Why buy more trucks? Of what use is a rented truck for the cheap rate of $500 if one has nothing to haul on it for a profit?

The economy is now both inflationary and deflationary at the same time and all of Humpty-Dumpty's men are incapable of putting the economy back together again. They, the Fed, don't know how it happened in the first place because they were the cause and they cannot process that fact. "Physician, heal thyself!"

Wall Street Breakfast: Must-Know News

The best times of my life have been under two particular presidents; Eisenhower and Reagan. Both had organizational experience in the military and in government. When I contemplate all other presidents during my life, past and present, Republican and Democrat alike, I realize their enormous incompetence and become thankful for a Constitution that is strong enough to endure the presidential and Congressional morons in our history up to the present (I hope).


On Dec 01 09:16 AM Old Trader wrote:

> There was a piece here, on SA, that appeared over the last day, or
> two, showing how many cabinet positions were filled by people with
> real world experience in the areas they would be overseeing, in administrations
> going back to FDR.
>
> Eisenhower's came out the best; the current administration was at
> the bottom.

Wall Street Breakfast: Must-Know News

Bank Wills. Interesting idea. Perhaps it should expand to include auto companies and other large "strategic" industries to the country's health and security. The CEO and the BoD of any company should be required to read and initial it's provisions every year. You know, get a whiff of the coffee before "smelling the old brew" becomes necessary. A "Special Master" should be the executor of such a will, with to power to seize assets and bank accounts of CEO's and BoD members. Past and present. Of course, if you don't like this concept, don't take your company public.

Wall Street Breakfast: Must-Know News

When I contemplate this administration and this Congress' interest in the health care and insurance situation of this country, I then consider two other seminal acts of former administrations and Congress, namely, the "Immigration and Nationality Act of 1965 (Hart-Celler Act, INS, Act of 1965," and the , "Community Mental Health Act of 1963 (CMHA) Public Law 88-164", and their subsequently massive unintended malevolent consequences, I begin to truly fear for my country.

Trying to Understand Airline Executive Compensation

This issue of executive compensation of public companies goes beyond the airlines and onto banks, auto companies and, well, take your pick. It also goes beyond the common notions of free enterprise , capitalism, the flag, and apple pie. It has to do with human psychology and the corrupting power of too much power. In this case, the power of money. Not unlike the voting citizens of this republic, the boards of directors of many public companies have neglected their duties to the companies, the shareholders and the employees of the organizations that they are entrusted to govern. Quite frankly, this recession is well deserved and, unfortunately, no one is innocent. Not even the innocent appearance of a Wal-Mart shopper in their "Made in China" tennis shoes. If the 1980's was the :Decade of Greed", what is the "2K" decade?

The Fed Backed Itself into a Corner

The best critical remark about the subject and our situation without resorting to the profanity that is needed to describe our profane, as a verb, circumstances as conjured by the Federal Reserve and Congress.


On Nov 22 06:41 AM thopaine wrote:

> The party's over and the hangover is enormous.
> Why would anyone give their money to these thieves on wall street?
>
> And it is at least ironic that the cradle of american liberty-Harvard
> U.- is a big part of the problem, churning out voracious blood suckers
> on an unarmed public, so as to increase the business school endowments
> and professor's pensions.
> I cry for my country.The children of the greatest generation were
> not up to the job.

Goldman's Human Face

"..some $300 million in loans and grants.."

Interesting. At least we all now know your price.

Wall Street Breakfast: Must-Know News

The issue of, "To Big To Fail" ignores the giant Bald Eagle in the Congressional hearing chamber and the influence of the US Federal Government as it regards this "Financial Crisis". Federalism has gone beyond a mere eight tentacled Octopus into a multi-serpented and multi-agenda Hydra. As well, it is so infected with parasites from both government and business, Democrats and Republicans, that to follow the money and influence is really beyond the partisan, liberal or conservative, but goes to the very nature of our Republic. Are we a nation of laws and does the US Government have to obey these same laws? The bottom line of this recession is that it was, in fact, government encouraged. That's not what government was constituted to do.

The Preamble of the US Constitution may not be "law", but those in positions of responsibility, from the House and Senate Banking Committees, to the SEC to the Federal Reserve and on into the White House need to have the "Preamble" tattooed, in reverse, onto their forehead so that they can read it when they look in a mirror.

The Trouble with Clean Coal

The only way to accomplish clean electrical power generation by coal is to build a nuclear electrical power plant adjacent to the coal power plant to provide the necessary electrical power to cleanse the coal plants emissions. Including the radioactive Carbon-14 isotope present in all coal ore.

Wall Street Breakfast: Must-Know News

"World leaders publicly snubbed U.K. PM Gordon Brown's bold pitch for a global tax on financial transactions which would be used to fund future bailouts."

As well they should. It's the Labour Party's financial version of Neville Chamberlain's, "Peace in our time", but promising, "Prosperity in our time". Liberals, of both parties in the US, like to play this same foolish game of; If we can think it up, it must therefore be so".

Like Democrats on health care.

What Should Investors Do in the Age of 'Extremistan'?

What is the definition of :"Justice"?

It is something that everybody wants, and something that everyone considers that they have a right or an an entitlement to, therefore what, exactly, is the definition of "Justice"?


On Nov 04 09:31 AM Kristjan Velbri wrote:

> From the article: **More winners take all competitions. As in: a
> small number of individuals or companies win everything. More inequality
> and less social justice are inevitable.**
>
> Since when have financial markets been about 'social justice'?

How Bloomberg Fabricates U.S. Housing Numbers

Thank you for posting, politely, what I was thinking. Suffering fools gladly is not one of my virtues.


On Nov 02 07:06 PM GoldLovingPuppy wrote:

> Jeffy,
> All you do is call everyone, everything, every establishment, most
> all governments liars. You appear to be the biggest liar of them
> all. Most of your writing is from a twisted and bias view point,
> and it is so far twisted from reality that no normal people will
> ever take you seriouly. There must be a mental health issue involved
> that you really should have looked at by a profesional. No disrespect
> meant but it has to be said.
>
> Sincerely,
> Goldey
>
>

CIT Group: Taxpayers' Investment Is Virtually Worthless

Does this mean that Santa Claus won't come this Christmas?

How Bloomberg Fabricates U.S. Housing Numbers

"Where did you get that Nielson's info,..?"

From one of his articles a few months ago. Like most bon mots of intended condescension, his number was retrieved from a place that rarely receives sunshine. To be polite.

" we can't know exactly because of the strange culture around guns."

Indeed?

"I obviously don't enjoy guns as they make young kids into killers and old men into fools."........

Obviously.


On Nov 02 11:32 AM joes wrote:

> Where did you get that Nielson's info, every study that I've seen
> has the numbers ranging from 250-350 million, we can't know exactly
> because of the strange culture around guns.
>
> I obviously don't enjoy guns as they make young kids into killers
> and old men into fools.

How Bloomberg Fabricates U.S. Housing Numbers

Yawn!

After Nielson's exaggerated comment about America's "Billion Guns", I've become immune to most statistics, real or imagined. I just always assume that the MSM, Bloomberg and Neilson are ALWAYs wrong and search for the facts on my own.

Hmm. A "Billion" guns divided by the population of the USA at 300+M ='s 3.33 firearms for every man, woman and child in America. Does the average family of four poses 13 guns? (note, I wrote, "average").

Disclosure: I obviously enjoy firearm sports and even I don't have 13 firearms as an individual. I also don't invest in any of Nielson's hustles.