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Lorenzo Chandler

Lorenzo Chandler
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  • Are We Crying Wolf Again? The Bear Is At Peter's Door This Time, So Raise Cash And Prepare To Protect [View article]
    I appreciate that you are willingly to state your opinion and position clearly for people to shoot at. The reason we have a market is because we have buyers and sellers - thus can't have one when all participants are on the same side. I do believe the market has to go through cycles of expansion and contraction, so your opinion that market will correct is perfectly logical. I think what makes readers hot under the collars is the inclusion of the overlay chart which implies a collapse of the market a la 1929, which contradicts your view that the pending correction will be relatively shallow and will end by Labor day.
    You kept mentioning about the accuracy of your calls. Can you be kind enough to tell me where I can get your calls?
    Jun 26, 2014. 10:26 AM | 2 Likes Like |Link to Comment
  • America's Greatness And Technology [View article]
    As a pharmacist, I share your lament about the lack of basic research on new drug molecules. All the so-called new drugs are just me-too molecules with questionable value. As far as ever-increasing health care cost to GDP, we should look at all the unhealthy life-style that we have. The cheap sugar and fat and the over-consumption of calories (to wit, watch food shows on TV) are major sources of our poor health. Walk around the super market, we have rows and rows of "foods" which have no nutritional values. Thanks to the marketing of the major food corporations, we are all brain-washed to consume them. There is no funding system that can control our ballooning health care costs until we individually adopt a healthy life-style.
    I also agree with you on the decline of US technological prowess. We are on the verge of falling behind China in terms of the number of patent registration. We have wasted too much resources on the two wars. By being the world's single super power, we have over-extended to the point of bankruptcy. Unfortunately, the Republicans never admitted the errors, and so never learned the hard lessons. It was the war efforts plus the tax cuts that bankrupted this great country of ours, not because we over-spent on our own people.
    Apr 4, 2012. 12:39 AM | 2 Likes Like |Link to Comment
  • Financialization and Our Increasingly Unstable Economy [View article]
    I agree that free market should be governed by some basic common sense rules, just like street traffic has to be regulated by traffic lights and speed limits. Unfortunately, our political system is so corrupted by interest groups, that we no longer can put common sense back to the system. Interest groups are there to maintain the status quo and enhance their own interests. They are not there to protect us, the people, which should be the role of the government. I am may be too naive.
    LC
    Mar 7, 2011. 12:53 AM | 6 Likes Like |Link to Comment
  • Gauging Economic Activity: It Takes Money to Make Money [View article]
    Mr. Hansen,
    I presume the value of the incomes of individuals and corporations can be calculated by tallying up from their income tax returns. At the same time, the incomes of the governments (I presume all levels of governments) will just be taxes.
    However, don't you think the actual money flow should also include the total debts that their have incur?
    LC
    Jan 16, 2011. 12:13 PM | 1 Like Like |Link to Comment
  • Are We Exacerbating China's Pollution? [View article]
    We have been trained to price a product or a service based on its direct imput costs such as labor, capital and energy etc, we have been mis-pricing or under pricing all along. We have not factored in the less obvious social cost and environmental cost. For example, mining companies are reporting their earnings without factoring in the cost to the envirnment (such as toxic tailing ponds), which in most cases will be paid by the tax payers in ways of direct clean up costs or health bills.

    This is exactly happening to the Chinese manufacturers. China is exporting "cheap goods" to the world, gaining a huge foreign currency reserves, but also importing all the ills of envirnormental degradations. It is not our fault that we demand products with the lowest cost. It is their mistakes of pricing them too low by ignoring the true costs to their country.

    It is the same short-sighted policy as we have been practising for a long, long time.

    The Chinese will suffer because of the higher rate of cancers and other diseases; because of droughts; and because of mis-allocation of resources. They will pay sooner or later, and probably be sooner.

    I don't think we should look at this issue as a deliberate domination tactic. They do what they have to do to advance their country's living standard. In doing so, they are making the same mistakes as we have done. To return America to the top, we have to recongize our weakness (don't just drape the flag around our eyes and be blind of our mistakes), innovate and compete.
    Nov 19, 2009. 02:23 PM | Likes Like |Link to Comment
  • What's Our Real Economic Condition? [View article]
    Diane,
    Good work. Please update this info regularly.
    A comment re: ISM survey, the line crossing the "50" mark during both recession and "non-recession periods. The crossings and in fact most of the data points indicate or predict nothig. One conclusion that may of any use, is that recessions consistently coincide with the Index being between 30 to 40.
    Oct 1, 2009. 01:55 PM | Likes Like |Link to Comment
  • Four Macro Market Signals [View article]
    I find China is more sophisticated in playing the games than people appreciate. It has its own problems for sure, but we tend to overlook its tremendous progress over the past twenty years. "clumsy", "stupid", "bad at playing cards close to chest" may not be the fitting descriptions for China. It has built up new and advanced infrastructures and industrial base that we can only envy. As far as working to divest its US holdings, it is more aggressive than the Japanese ever did. (Not being beholden to US military protection gives you quite a bit of freedom.) It has longer term view and strategy. In playing the game Go, the winner will place stones in an unnoticeable fashion until the trap is set. Don't underestimate our competitor's skill, or we will be in the trap.
    Sep 22, 2009. 01:43 PM | Likes Like |Link to Comment
COMMENTS STATS
7 Comments
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