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  • A Shocking Comparison Of Poverty Levels Between The U.S. And Brazil [View article]
    income inequality isn't the cause of increased poverty, it is a symptom.

    the underlying cause is that those bottom 20% or so simply isn't sufficiently productive to justify an equitable standard of living.

    for starters, they should have learned math and science. failing that, they should have taken up apprenticeship to become a plumber or mechanic.
    Nov 8, 2011. 12:05 PM | 2 Likes Like |Link to Comment
  • Savings Rate Decline Is No Mystery: Americans Are Simply Broke [View article]
    and so to solve our problems, we are going to spend our way to prosperity right?

    somehow by consuming more and saving less, the future will be better......

    or as Allan Greenspan has it, we should buy up all the excess housing and destroy them. that will solve our economic woes.
    Nov 2, 2011. 11:28 AM | Likes Like |Link to Comment
  • How We Should Be Preparing For The Next Banking Crisis [View article]
    U.S. congressmen should have to dress like Nascar drivers and wear the logos of all the banks, investment banks, insurance companies and real estate firms that they're taking money from.
    This man deserves a Nobel Prize in economics.
    Oct 31, 2011. 10:37 AM | 3 Likes Like |Link to Comment
  • The Mythical Collapse In American Living Standards [View article]
    i disagree with the author.

    CPI stats are intentionally nerfed by the BLS.

    we need to price items in real terms. ie. how many labor hours needed to buy a car, a home, to feed ourselves.

    my understanding is those prices have increased in terms of labor hours, but we have also worked longer hours and have better access to credit. thus we still enjoy more overall.
    Oct 20, 2011. 04:54 PM | 5 Likes Like |Link to Comment
  • China Bill: Huff, Puff And Bluff [View article]
    i was shopping for clothing a few weeks ago and specifically checked for country of origin.

    as usual, none Made in USA but even Made in China is becoming rare. I see a much wider variety now, Vietnam, Philippines, India, Sri Lanka, Bulgaria, Malaysia, Morroco etc.

    electronics right now seem to be mainly Made in China.
    Oct 5, 2011. 04:40 PM | Likes Like |Link to Comment
  • ISM - No Economic Collapse Here [View article]
    this does not change the fact that the gov is still deep in the red and the econ will not outgrow the deficit.

    effectively, the only reason the econ is growing is because of deficit spending. and with each passing day, that candle is burning short.
    Oct 3, 2011. 02:48 PM | 1 Like Like |Link to Comment
  • China Willing to Buy Euro Debt - With Conditions [View article]
    legend has it that the other part of the bargain is demanding EU to recognize China's market economy status in WTO which makes countries suing China for dumping nearly impossible.
    Sep 14, 2011. 07:01 PM | 1 Like Like |Link to Comment
  • Gold Likely To Rise To $2,500 On Chinese Support [View article]
    irrationally speaking gold is only worth $35 USD/oz. because the US gov has promised us that to be true, forever and ever, amen.
    Sep 6, 2011. 03:50 PM | 2 Likes Like |Link to Comment
  • Roubini Predicts Coming Double Dip, Plus Trouble For China, Brazil [View article]
    i doubt the PRC will hit a "hard" landing because....

    1. The PRC gov is much more willing and capable to bail the big banks. a) the gov is approx 70% shareholder of the big 4 banks. b) the gov has good balance sheet, relatively anyways. c) PRC has far more than enough forex reserve to back the banks, if needed.

    2. PRC citizen also has strong balance sheet. a haircut would still hurt but not deadly. and PRC gov won't need to worry about bailing them out.

    3. PRC has been preparing for a cool down for sometime. current int rate is 3.5% on deposits, 6.56% on loans. that leaves alot of room for QE, should it be necessary.
    Sep 1, 2011. 03:44 PM | 1 Like Like |Link to Comment
  • Are We Entering The Great Stagnation? [View article]
    err... using NASDAQ 100 is a very poor argument.

    1. i believe the index based at 125, not 100.
    2. increase of 20 fold over 26 years works out to 12% return per year. and given the volatility... i am not sure if it is making its alpha.
    3. well... if you want to look at the long run.... gold went from $35/oz in 1971 to $1700 today. or 48.5 fold in price, which is 10% return per year. and that 1 oz of gold did nothing more productive in 40 yrs!!!
    Aug 24, 2011. 04:48 PM | Likes Like |Link to Comment
  • What Does S&P's Downgrade Of Japan's Debt Mean? [View article]
    i do agree with author's analysis but i think the credit agencies should assess the likelihood of money printing being used by the issuer to avoid default. and in that light i agree with the Japan and US downgrades.

    both countries have run away deficits with no end in sight. the situation is becoming increasingly volatile and hence the downgrades.
    Aug 24, 2011. 11:09 AM | Likes Like |Link to Comment
  • The Keynesian Paradox [View article]
    i take that analysis further.

    Public sector: the incumbent gov always want ppl to spend beyond their means because it make the electorate feel they are wealthier than they really are, thus more votes. It is really hard to raise real income but it is easy to print money.

    Private Sector - Business: businesses always want consumers to spend more, for obvious reasons.

    Private Sector - Individuals: To expect the average individual to exercise more fiscal restraint than congress is simply wishful thinking.
    Aug 22, 2011. 12:12 PM | Likes Like |Link to Comment
  • U.S. Nominal GDP Growth Headed Towards 0% [View article]

    My thoughts on your recommendations.

    Wealth Tax: If you do that, they WILL leave the USA. And importantly, the US dollar will fall drastically in value when they sell off their US assets. The dollar also lose its reserve currency status.

    Gas Tax: Government Motors will be asking for handouts if you do that. Also, high gas prices triggered the sub-prime mortgage. Because when ppl default, they choose to default on their mortgage before their vehicle loan. America's infrastructure was not built for high gas prices because public transportation is garbage and seen as "unfreedom".
    Aug 22, 2011. 11:57 AM | 1 Like Like |Link to Comment
  • Why Unemployment And The Duration Of Unemployment Remains High In The U.S. [View article]
    i disagree with you BPHunker. i think employment should be based on skill, experience and qualifications, not citizenship status. banning illegal's from working wont help the USA because companies can simply ship those jobs to India.
    Aug 22, 2011. 11:39 AM | Likes Like |Link to Comment
  • Dow-Gold Ratio Likely To Reach 1 In An Inflationary Scenario [View article]
    reminds me of Peter Schiff who prophesied on TV that gold and dow will meet 1:1.

    ppl laughed at him so hard pre-2008. but then he was right about the housing collapse and the dollar going to record high.

    i don't agree 100% with peter but for anyone interested in gold, you should check out his videos on youtube.
    Aug 22, 2011. 11:24 AM | Likes Like |Link to Comment