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  • The Walking Dead: Something Is Rotten In The Banking System  [View article]
    Doesn't even quote the data from the link:

    Non-performing loans (NPL) across Europe’s major banks averaged 5.6 percent at the end of June, down from 6.1 percent at the start of the year. But that compares with an average of less than 3 percent in the United States and even lower in Asia, according to the European Banking Authority (EBA).

    Situation is getting better not worse.
    Feb 11, 2016. 12:24 PM | Likes Like |Link to Comment
  • Nervousness About Banks: Don't Dismiss It  [View article]
    You could look at national foreclosure rates.

    You could look at performance of CMBS bonds.

    You could look at coverage ratios at the banks.

    You could look at loss rates at banks.

    All of these figures are positive for US banks right now.

    This author has his opinion which is fine and legal but why doesn't he ever link to any data?

    The answer is because it doesn't support his current opinion.
    It may in the future but not today.
    Feb 11, 2016. 12:16 PM | Likes Like |Link to Comment
  • Services Are 2/3 Of U.S. GDP, 3/4 Of Private Sector GDP  [View article]
    Thank you Jason.

    This is fascinating.

    I want to read it carefully but what jumps out right away is what your other articles have been saying.

    A growing country lifts us all. Employee Pay on an aggregate basis is so much larger today than in 1995. This is great news. What 3.5 trillion more since 1997?

    Thanks
    Feb 8, 2016. 02:48 PM | 1 Like Like |Link to Comment
  • Why The Next 2 Years Could Be Worse Than 2008  [View article]
    You earn that 20%.

    It's a truth I follow. For successful business folks it is actually easier to earn money than to hold on to it.
    Feb 5, 2016. 02:42 PM | 1 Like Like |Link to Comment
  • Let's Talk About The U.S. Government's Interest Burden  [View article]
    Seems like production just continues to outpace deficits.

    Amazing no inflation but the opposite.

    So we get volatility in our stock market because it can't stay fairly valued for long. We get every country in the world besides Norway and Germany printing money. And we get negative rates to try to get folks to pay off debt and destroy some money.

    Wild world....Thanks for this great article.
    Feb 5, 2016. 02:27 PM | Likes Like |Link to Comment
  • Why The Next 2 Years Could Be Worse Than 2008  [View article]
    Wall Street can't work if it's fairly valued. It needs volatility to pay the advisers 2% fee's a year.
    Feb 5, 2016. 01:55 PM | Likes Like |Link to Comment
  • Bill Gross: Increasingly Addled  [View article]
    You and many others.

    That's why you get low to negative rates.

    Time to destroy some money.
    Feb 5, 2016. 01:46 PM | Likes Like |Link to Comment
  • What Is The Real Condition Of Banking, In The United States And The World?  [View article]
    Just not seeing any weakness in general domestic banks.

    This author quotes no stats for problems in CRE lending. None.
    This author quotes no stats for his position that excess liquidity is keeping bad loans on the books.
    This author ignores record profits.
    This author forgets that their are no bank failures any more. The loss of banks is due to mergers and no new charters.

    He hates banks. Hope he shorted them. He did ok. Not sure how long I'd keep that short going?
    Feb 5, 2016. 01:33 PM | Likes Like |Link to Comment
  • Half Of U.S. Income Is Over $125,000 Per Year  [View article]
    Unless the rest of the world likes what the Boomers own?

    I think they like their second homes, medical care, and drugs.

    Not so sure about Classic Rock.
    Feb 4, 2016. 03:06 PM | Likes Like |Link to Comment
  • Why Is Economic Growth So Slow?  [View article]
    Great comment....

    That is how you get more productive services.

    I think this John Mason's comment above....

    "service industries do not seem to create as much labor productivity as did an economy based more on an industrial base"

    Is spot on and a big piece of this....

    Besides outsourcing I wonder what other ways improve labor productivity..Work more hours? Work at home?
    Feb 2, 2016. 11:55 AM | 1 Like Like |Link to Comment
  • Why Is Economic Growth So Slow?  [View article]
    Does this have to do with the US corporate overseas dollars trapped by the double taxation BS?

    Isn't this driving some of this negative interest rate stuff?

    Or are the negative interest rates a natural response to QE forever.

    TIME TO DESTROY SOME MONEY FOLKS....
    Feb 2, 2016. 11:52 AM | Likes Like |Link to Comment
  • Half Of U.S. Income Is Over $125,000 Per Year  [View article]
    No. I disagree. Education to 18 should be good enough to get a great job.

    Many kids these days are skipping last 2 years of high school to get job training. This is great. The notion that "college" solves this or provides something 18 years of school can't is misguided. I think telling all kids they must go to college to be successful isn't necessarily true.

    If I might add Ray Conner, who runs Boeing and started as a machinist there, has made it his personal quest to get Boeing to hire smart kids right after high school. I think that leadership is great.

    My bigger point was the government creates very strange incentives to look poor on a tax return.

    It's a strange way to run a country and even stranger way to live.

    I do have to agree with you that this last recession would have been a much larger s--t show without the learnings and mechanisms created during the Progressive Era.
    Jan 29, 2016. 04:14 PM | 2 Likes Like |Link to Comment
  • Half Of U.S. Income Is Over $125,000 Per Year  [View article]
    Maybe the explanation is the Tax Code produces a sharply peaked log normally distributed series.

    Your analysis is of tax returns. These are very skewed and very strange to underwrite against.

    Also, on the bottom end we can't just gift money to poor people and have it show up on their tax returns. We must give it to a non-profit then they turn around and "spend" it on the poor.

    I think we are mad at the data as much as the situation.

    This situation is going to get worse. As an example. Right now you go broke if you get sick without health insurance.

    So to qualify for Obamacare you just tell them your AGI is below what 30K a year?

    So guess what folks do. They don't buy insurance then get sick.

    They just don't make money and go on Medicaid. They work under the table. They differ income. They give it to their relatives.

    This is an incentive that skews this AGI data.

    On the top end, some of the richest folks I have seen have very low AGI's.

    Farmers. Folks with huge assets but no income. Folks that give away their money to be poor to qualify. This is only addressed through a flat tax.

    But thanks for the statistical lessons and this article. It cuts right to the chase of what our nation is debating.
    Jan 29, 2016. 01:31 PM | 3 Likes Like |Link to Comment
  • Half Of U.S. Income Is Over $125,000 Per Year  [View article]
    Good ones make an incredible amount of money for their shareholders.

    Bad ones make a bit less. But all boards think they got a great one.
    Jan 29, 2016. 01:21 PM | Likes Like |Link to Comment
  • Half Of U.S. Income Is Over $125,000 Per Year  [View article]
    This is causing strange global imbalances.

    C-suite running around doing silly things to avoid a 33% double tax.

    FIX THIS!!!!!
    Jan 29, 2016. 01:04 PM | 1 Like Like |Link to Comment
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