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  • This Rally Should Be Sold And Shorted [View article]
    I believe that the only alternative acceptable to winers is a regime that supports high tariff for imported wine, subsidies for California producers and low wage illegal immigrants working the wineries.
    Oct 7, 2011. 09:45 AM | 2 Likes Like |Link to Comment
  • This Rally Should Be Sold And Shorted [View article]
    Winers? If you mean people that like and drink a lot of wine probably you are right just like Greece, Italy Spain and Portugal.
    Oct 7, 2011. 09:40 AM | 3 Likes Like |Link to Comment
  • This Rally Should Be Sold And Shorted [View article]
    Of the threats you list, the only real one is the meatheads in Washington. Another last minute and meaningless agreement as a result of the work of the Super Committee could create enough speculative volatility. Not the end of the world in practical terms but enough to create anxiety in the uninformed and move the markets. On the other hand when predictions are so widely anticipated like this one, often they do not realize.
    Oct 6, 2011. 06:44 AM | 2 Likes Like |Link to Comment
  • Are You Properly Positioned For The Economic Upturn? [View article]
    I think you should move in with Wyatt Junker and create the most pessimistic, miserable and paranoid household on earth. You may make the Guiness book of record and your companions may support you in the decision.
    Oct 5, 2011. 01:49 PM | 7 Likes Like |Link to Comment
  • Corn Stocks Above 1 Billion Bushels [View article]
    UAN's lower COG and higher utilization capacity should protect the stock and actually represent an opportunity to buy. Believe me the sky is not falling...
    Oct 5, 2011. 12:44 PM | 1 Like Like |Link to Comment
  • Are You Properly Positioned For The Economic Upturn? [View article]
    That is not correct. Bush in 2004 decreased the requirements for FHA loans in order to boost ownership by minorities. Under Clinton the subprime share of FHA loans was 3%. Later passed other measures and bills, like the Mortgage Forgiveness Debt Relief Act of 2007 in an attempt to repair things with TARP the last mess.
    It is amazing how short elephants' memory is. Wall Street firms like GS, etc. knowingly sold bad paper under the "buyer beware" caveat destroying the value of several companies and domestic and international municipalities, pension funds, etc.
    Oct 2, 2011. 06:39 PM | 3 Likes Like |Link to Comment
  • Are You Properly Positioned For The Economic Upturn? [View article]
    Agreed. Add to the list tax exemption for religious organizations, tax incentives and loopholes for corporations and other private interests and campaign financing laws to have a good picture of the country. Herman's 9-9-9 approach to taxation (and this is not an endorsement) with elimination of most or all deductions and loopholes does not sound an unreasonable starting point of discussion.
    Sep 30, 2011. 03:35 PM | 6 Likes Like |Link to Comment
  • Are You Properly Positioned For The Economic Upturn? [View article]
    According to the last polls there are about 20% of the US population that is so fixed on their ideology and extreme in their thinking that would cheer for the death penalty, letting an uninsured sick person die, eliminate all taxes and go back to the cave system, booh our soldiers in Afghanistan if gay and violently impose their moral and religious convictions on others. Adding this group to the 38% that you mention, leaves a terrified minority of about 42% of non "hardcore" non "crazies". That explains the current status of affairs.
    Sep 30, 2011. 01:05 PM | 6 Likes Like |Link to Comment
  • Are You Properly Positioned For The Economic Upturn? [View article]
    Basically you are saying that since producing PhDs in our country is too expensive due to our current education system, so we should go out and buy cheap PhDs from countries where the cost of education is lower. I believe that is another is kicking the can down the road type of solution.
    The article says that we are in the '70s again waiting for the '80s and I generally agree. While we wait for the next decade we should not waste time with temporary solutions.
    Sep 30, 2011. 08:23 AM | Likes Like |Link to Comment
  • Are You Properly Positioned For The Economic Upturn? [View article]
    What a negative comment. It is like saying we will have to get rid of about 50% of Americans. I believe that the trick is to find a recovery model that lifts all boats. The current admnistration has been unsuccesful so far but the other party has not come up with a better or more convincing plan. While I agree with you that eventually we will get there a change of attitude besides policies will be necessary.
    Sep 30, 2011. 08:16 AM | 5 Likes Like |Link to Comment
  • Buy And Hold Isn't Dead, Just Misunderstood [View article]
    The buy and hold strategy does not exclude having a portion of your portfolio dedicated to more opportunistic/compelling opportunities that may present in the market in periods og high volatility. I usually keep about 5-10% in cash available for such cases. Or "light" management like jumping between more or less equivalent stocks (i.e. JNJ, ABT, BMY) when one appreciates more than the others and makes sense to switch to the higher dividend paying equivalents and reallocate the profit and eventually return when the situation changes.
    Sep 27, 2011. 01:23 PM | Likes Like |Link to Comment
  • Paul Volcker's Inflation Warning [View article]
    I see what you are saying. Yesterday I was at a BMO presentation that showed that the Canadian dollar appreciated more than 50% over the past couple of years. The other point of the presentation (and I apologize for the digression) was that although the Canadian economy pretty much mirrors the US economy their unemployement is significantly lower and the difference was the jobs we lost in construction and government (federal, state and local) which puts their economy in a better position than ours. But to go back to the devaluation point, I am sorry for you but devaluation is an obvious effect for our currency as foreign and especially emerging economies grow faster than ours. The good thing is that the purchasing power of the dollar in the US has not lost as much in the past two years and I doubt it will especially if we start producing again and consume more domestically. Eventually the chinese, Indians and Brazilians will catch up with our living standards and the global economy will stabilize. So my conclusion is that you may have retired in the wrong country unless the lower cost of living compensates for the 35% and future devaluations (and Obama does not have anything to do with it).
    Sep 22, 2011. 01:59 PM | Likes Like |Link to Comment
  • Paul Volcker's Inflation Warning [View article]
    Let me interject with a little philosophy here because you sound like the Gollum in the Lord of the Ring. Call me naive or old fashioned, but I believe that making money should come as part of creating wealth and not destroying it. In addition the best purpose and way to enjoy your wealth is to share it with your family and if you can with your friends, neighbors, countrymen, etc. I would not want to have money if it forces me to live a miserable life. Maybe this philosophy does not apply to the superich, but for the average Joes like me working hard and with a little money saved over the years, it makes a lot of sense.
    Sep 22, 2011. 10:09 AM | 2 Likes Like |Link to Comment
  • Paul Volcker's Inflation Warning [View article]
    Having to breath your food in order to work more and harder does not seem like a good solution for most people. The Chinese would love our life style and adjust very quikly to it. The point is not how to live like a Chinese but hot to continue to live like an American. Everytime I hear comments like yours I think to that joke in the New Yorker that shows a middle class guy (must be a tea partier making $50K/year) at a bar talking to a millionaire and saying: "I just bought a lottery ticket and as a potential future millionaire I am against taxing the wealthy".
    Sep 21, 2011. 05:01 PM | 4 Likes Like |Link to Comment
  • MLPs And Other Tax Preference Investments On The Chopping Block [View article]
    This is a flawed argument. Corporations are paying today lower taxes than in past years when the economy was doing well. Lower taxes have not resulted in additional domestic investments and growth. Actually most of that capital was used for international investments and exporting the wealth of our country to mostly emerging markets that have not reciprocated our market openess.
    Tax incentives or disincentives are important if well applied (not to pick winners within industries) and can help encourage domestic investment and wealth growth.
    Sep 21, 2011. 09:32 AM | 5 Likes Like |Link to Comment