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The Geoffster

The Geoffster
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  • The Stupidest (And Most Prominent) QE Chart In The World [View article]
    And taper talk has nothing to do with the price of the S&P either.
    Dec 17 09:19 AM | 5 Likes Like |Link to Comment
  • Eat My DUST [View article]
    The operative word here is "trade." Gold and its derivatives are not investments. Trade them like you would any volitile currency. Long term investors should consider holding a portion of their assets in physical gold which has outlasted every fiat currency as money for thousands of years.
    Dec 17 09:13 AM | 4 Likes Like |Link to Comment
  • Three Sunday reads [View news story]
    You have an interesting background. I agree with your take on the economic/financial ignorance of people in general. TSA is more than an employment program. It's to get us used to routine body searches and presenting our papers in all manner of public places, beginning with airports.
    Dec 15 03:14 PM | 1 Like Like |Link to Comment
  • Three Sunday reads [View news story]
    Re: Youth unemployment
    The natural pull between youth and socialism is being strained to the breaking point as idealism meets reality. The young are finally waking up to the fact that socialism is nothing more than wealth transfer from the productive to the unproductive and it took Obamacare to drive home the point. The irony is sweet.
    Dec 15 09:58 AM | 3 Likes Like |Link to Comment
  • Iran, world powers reach deal but "key oil" sanctions to stay [View news story]
    I admire your optimism, but do not share it. When the U.S. nuked Japan it was widely believed that it would save one million lives in an invasion. Keeping an open mind about one's adversaries is sound if it is balanced with vigilance. Without getting into issues of moral equivalence, I would point out that foreign policy and, by extension, war, is based upon a nation's vital interests. The U.S. might not have a vital interest in Iranian nukes, but the Israelis and Saudis do. Remember what happened when the Russians supplied the Cubans with missiles capable of hitting U.S. targets. The Israelis will not stand by in the face of an existential threat.
    Nov 24 03:38 PM | 2 Likes Like |Link to Comment
  • Iran, world powers reach deal but "key oil" sanctions to stay [View news story]
    Russia did not have nuclear weapons until WW II was over. This treaty is a fig leaf for the Obama Administration which has no intention of risking a wider war to eliminate Iranian nukes. Israel will have to go it alone. Only the naive and Holocaust deniers believe the mullahs are rational.
    Nov 24 09:21 AM | 3 Likes Like |Link to Comment
  • The Unraveling Of The Affordable Care Act [View article]
    Debilitating accidents are treated in emergency rooms regardless of ability to pay. "Invincibles" making less than &40 K with no assests have no incentive to insure themselves against serious accidents and with the high deductibles required to make coverage more affordable, there is little incentive to insure against routine medical care. The working young won't be suckered in to pay for something they can get for free.
    Nov 23 06:27 PM | 2 Likes Like |Link to Comment
  • The Unraveling Of The Affordable Care Act [View article]
    In Louisiana, the state run Charity Hospital System will treat anyone with a pulse and try to collect later. Anyone without a pulse may continue to vote.
    Nov 23 12:29 PM | 3 Likes Like |Link to Comment
  • The Unraveling Of The Affordable Care Act [View article]
    In order to begin the implementation of universal health care, it was necessary for the statists to sell the Big Lie. Many voters still carry an independent streak from the days of the frontier and the desire to be fee from the shackles of government restraint. Sadly, if those days ever existed, they are long gone. Still, the dream persists and voters had to be won over. The result is Obamacare, hilariously labeled as The Affordable Care Act. Of course, the act is affordable for the millions of Americans who can't afford to support themselves or their children without government assistance. Thus another Ponzi Scheme is born on the backs of the few remaining working 20 and 30 somethings and their parents, if they are working. All this to support an ever growing entitlement class. Single payer and single child on welfare per family with forced abortions for violators can't be far away.
    Nov 23 09:08 AM | 11 Likes Like |Link to Comment
  • The Fed Is Backed Into A Corner [View article]
    Surely you jest Janet.
    Nov 22 08:20 PM | Likes Like |Link to Comment
  • Bullish sentiment drops to lowest since late August [View news story]
    Buy, buy, buy.
    Nov 21 08:52 AM | Likes Like |Link to Comment
  • Initial Jobless claims dives 21K to 323K [View news story]
    Stocks have nowhere to go but up. Pile in people.
    Nov 21 08:52 AM | Likes Like |Link to Comment
  • FOMC minutes: Taper could happen without labor improvement [View news story]
    My guess as well. Long TLT.
    Nov 20 08:42 PM | Likes Like |Link to Comment
  • Greenspan Gets It Wrong Again: Bullish For Bonds [View article]
    Just a guess. I thought 2013 would be the year. To paraphrase Lord Keynes, the markets can stay irrational longer that you can stay solvent.
    Nov 19 10:46 PM | Likes Like |Link to Comment
  • Greenspan Gets It Wrong Again: Bullish For Bonds [View article]
    The Keynesian response to the insolvency of the financial system was necessary to preserve the status quo. That is all. So far, so good. Massive monetary stimulus and more tepid fiscal policy have done little to staunch the deflationary tail of insolvency. It is doubtful that QE and ZIRP will produce sufficient economic growth to avoid a collapse that should have been allowed in 2008. It will be much worse in 2016.
    Nov 19 09:56 PM | Likes Like |Link to Comment
COMMENTS STATS
4,010 Comments
13,584 Likes