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Westcoaster

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  • Do You Want The United States To Engage In A Currency War? [View article]
    I have never seen so many people concerned about a quarter point rise ever.

    It's not a big deal.

    This current Fed leadership is weak and annoying. They don't have anything to do so they keep talking in circles. Because they can't lower them any further all they can debate is raise them or not. Who gives a ____ get on with it. Acknowledge that the economy has improved and, it's time for banks to make more money, and raise them.

    All these savers out there thinking 25 basis points are going to accure to them are probably wrong. There is alot of cash out there. More deposit growth than loan growth.
    Aug 26, 2015. 01:17 PM | 5 Likes Like |Link to Comment
  • The World Has Changed But Policy-Makers Have Not [View article]
    Thanks JasonC.

    You called this problem about a year ago correctly.

    So it looks like British Columbia was smart to borrow overvalued Yuan a bit ago.

    Chinese are buying more and more US property all of the time.

    Wonder if the TPP allows American's the same opportunity in China?
    Aug 24, 2015. 12:22 PM | 1 Like Like |Link to Comment
  • The World Has Changed But Policy-Makers Have Not [View article]
    Great article.

    We need a new Mason Curve.

    One that includes the price of oil, the unemployment rate in China, the amount of folks on disability, and the desire for EM employees to work.

    The Phillips Curve, theory, probably holds but the inputs need to be extended.
    Aug 24, 2015. 12:17 PM | Likes Like |Link to Comment
  • Big-Bank Settlement Tab Climbs Over $132 Billion [View instapost]
    Great info.

    Too big to fail. Not too big to pay fines.

    The ability for the GSE's to cram back any bad loan is an interesting new development.

    Do you have any idea how this affects small mortgage originators?

    Many banks that use to originate these loans now send them on to brokers.

    These brokers have 0 capital.

    How do the GSE's expect to cram these back?
    Aug 24, 2015. 11:57 AM | Likes Like |Link to Comment
  • Higher Productivity And GDP Growth Are Achievable [View article]
    "That is because the two basic methods of increasing productive business investment, which are reducing regulation or providing tax inducements, run afoul of political issues that divide the nation."

    This is what Jeb Bush says he is going to change to boost GDP growth to 4%.

    Strange how he is also ripping on his brother's Common Core.

    Better/More Education sounds great, but the folks who we have invested the most money in educating rate themselves on how many papers they get published. Not how many jobs they create.

    Seems disconnected somehow....
    Aug 14, 2015. 12:57 PM | 1 Like Like |Link to Comment
  • Will Canadian Real Estate Crash? [View article]
    Sorry Michael I meant to respond to a comment posted by TBDI that REIT's can write off unpaid rent.

    Thanks for this article and interesting discussion....
    Aug 14, 2015. 12:40 PM | Likes Like |Link to Comment
  • Will Canadian Real Estate Crash? [View article]
    @TBDI,

    Are you sure about this?

    I would think the IRS would only allow this if they previously booked it as income.

    Thanks for your clarification...
    Aug 14, 2015. 12:39 PM | Likes Like |Link to Comment
  • Will Canadian Real Estate Crash? [View article]
    Oil + the deal with Iran.
    Aug 12, 2015. 02:07 PM | Likes Like |Link to Comment
  • Will Canadian Real Estate Crash? [View article]
    Are you sure about this?

    I would think the IRS would only allow this if they previously booked it as income.
    Aug 12, 2015. 02:07 PM | Likes Like |Link to Comment
  • Disability's Disabling Impact On The Labor Market [View article]
    " How much of a stipend would it take for you not to work (or have worked) when you could?"

    It would have needed to match my starting salary and leave a bit of room for me to work under the table. Which many folks do.

    The problem would have been if I had taken this deal. Forever I would have been worried that I would loose my benefits and every year I would be looking for/needing an increase. I would have lost my opportunity to become an owner in something. In short my work ethic would have been sapped.

    Now, sorry to go off topic, but for democracies to survive they need a broad base of property owners. I would argue that increasing a GBI to everyone would lead to more generational poverty not widespread diverse owners.

    Your point about how these disability benefits don't cause inflation or lower output are possibility correct and a very interesting way to look at it in the short term. Also, you make a good point, innovation can still occur.

    However have you been back to Norway? Nice place but very expensive.
    Aug 6, 2015. 03:21 PM | Likes Like |Link to Comment
  • Disability's Disabling Impact On The Labor Market [View article]
    Ok, good points. Sorry to stray off topic. I think Romney did the world a big injustice by saying 47% of people are net takers. I wish this 47% could be broken down on a web site.

    Your solution to pay people to breathe is interesting and in some regards all ready here. It just seems like it sets up a bunch of conflicting incentives. It sort of skews how people go about their days. Thanks for all of your very thoughtful comments and ideas.
    Aug 5, 2015. 12:20 PM | Likes Like |Link to Comment
  • Disability's Disabling Impact On The Labor Market [View article]
    Wow, just because you don't miss the fraudster's output doesn't mean the rest of us enjoy carrying free loaders.

    Since you turn this debate around (upside down) I will too.

    Why do all of the stats talk about creating jobs?

    Why don't we talk about it in terms of work?

    Do you personally believe work is not good for you?
    Do you think work doesn't drive the things around you?
    Do you think work doesn't make the world better?
    Aug 4, 2015. 12:02 PM | 2 Likes Like |Link to Comment
  • Disability's Disabling Impact On The Labor Market [View article]
    This is a great article.

    True story, gave a cigarette to a nice looking guy on the street. Asked him if he was applying for jobs. He said yes. I told him I respected that and its hard to put yourself out there for rejection.

    He said he was also applying for Disability at the same time.

    This just struck me as weird.

    But he was no dummy.

    Disability pays 6.73 and hour. Throw in food stamps, food bank and you might be better off than working min wage.

    Gov needs to do one thing for sure. Every check they write to anyone needs to be posted on the internet. Then any fraud found by anyone gets to keep 15% of it.

    Also, raise min wage.
    And also these Fed officials have all of this data. They should be publishing this stuff first, not this author.

    Thanks for the article...
    Aug 3, 2015. 12:54 PM | Likes Like |Link to Comment
  • New Economic Thinking, Hicks-Hansen-Wicksell Macro, And Blocking The Back Propagation Induction-Unraveling From The Long Run Omega Point [View article]
    I don't follow all of the vocab.

    But in the 1970's and 1980's there was no QE.

    Didn't QE stall/lessen the liquidate/liquidate/li... phase of the recession?

    Didn't the unprecedented Fiscal Stimulus/Tax cuts help too?

    Didn't the massive social insurance/deposit insurance/bond insurance/gov rainy day funds/etc kick in to help too?

    So you are left with a world with quite a bit of cash/looooooowwwwwwww returns.

    Just in my opinion.....
    Jun 9, 2015. 02:21 PM | Likes Like |Link to Comment
  • Bad Mortgage/Construction Loans Take Bank Down - They Even Tried To File A Restraining Order To Halt The FDIC!  [View instapost]
    That's funny a restraining order against the FDIC.

    I wonder how their bank would have fared if the FDIC had just yanked their insurance.

    For small banks that don't have unlimited borrowing capacity at the FED the insurance on the deposits is the only thing stopping a run.
    May 13, 2015. 12:43 PM | Likes Like |Link to Comment
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