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  • IMF Says Markets Could Experience 'Widespread Disruption' [View article]
    "Irrational exuberance" should have been given a lot more credence. It was true, and yet, it was largely disregarded. "Outside the job description" isn't a good enough reason to ignore the realities.
    Oct 8, 2014. 10:14 AM | Likes Like |Link to Comment
  • IMF Says Markets Could Experience 'Widespread Disruption' [View article]
    As we watch the govt mishandle Ebola, the thought will creep back in that they've been just as hamfisted with the economy. The govt does a mediocre job of most everything. It makes one wonder how any socialist can still cling to their utopian dreams, knowing the odds of how that will turn out. Welcome to the "new normal." Gut checks and nervousness will run the show all the way to Thanksgiving. The elections will tell us a lot, but that will be hindsight. By the time everyone has taken "some off the table," the table is going to look pretty bare. Nobody wants to be that guy that was expecting to have dinner there.
    Oct 8, 2014. 10:06 AM | 1 Like Like |Link to Comment
  • Even With A Fiscal Cliff Deal, Stocks And The U.S. Economy Will Unravel In 2013 [View article]
    And it was good for Apple. What wasn't good was what has happened the last two years. I stand by the factual number of 62.8% of Americans productively engaged in the job market. I also stand by my estimation that the next one will be a doozy. I have some very long term market positions but largely liquidated about the time of this article to invest in my own business, which has tripled in size. I'm one of the few fortunate ones to profit in this sorry economy that isn't a big bank.
    Oct 6, 2014. 02:57 PM | 1 Like Like |Link to Comment
  • Long-Term Outlook - Bleak! [View article]
    We obviously have different peers. Feel free to run out and debate someone else.
    Oct 3, 2014. 04:55 PM | Likes Like |Link to Comment
  • Even With A Fiscal Cliff Deal, Stocks And The U.S. Economy Will Unravel In 2013 [View article]
    That's really sad that you believe the govt figures. Only 63% of the U.S. is engaged in real work, making a living. The rest are largely living of the rest of us. The market run-up can come back down just as quickly, having been bought and paid for by liberal idiots running the Treasure and the FED. This is the run-up to the next big bubble and it will likely be a doozy.
    Oct 3, 2014. 04:49 PM | Likes Like |Link to Comment
  • Long-Term Outlook - Bleak! [View article]
    Dear Michael: I disagree that reality is always changing. It is changing no more so than the laws of physics. The changes are all in your understanding of reality. The assumption, then, is that your understanding is in a constant state of flux, depending upon which part of reality you're currently able to view and internalize. You've just proved that your understanding is limited and therefore not dependable. You must have attended the same schools as LOL, as you both currently seem to have the same momentary "understanding" of reality. I was making general statements about the economy with regards to the outcome of the next election cycle. You, instead, chose to attempt to deride me and take your quick pleasure in stroking your own egos. Good luck to you both.
    Sep 25, 2014. 05:48 PM | Likes Like |Link to Comment
  • Long-Term Outlook - Bleak! [View article]
    I stand by my assessment, and yes, I was there, watching the whole time. Carter was/is an idiot. His cluelessness was the horse everything else rode in on. He is still an idiot. It's really sad to see. I'm not claiming that one political party is the destroyer and the other the savior. I'm telling you what the result will be to the economy. I think the end result is going to be same - continual downhill slide of freedoms and the republic. One will go very quickly, the other will not. Personally, I would opt for allowing one more generation to experience freedom, rather than it stopping with this one. And, yes, I did put my life on the line for freedom, rather than know someone who did and use them as a life-affirming personal experience substitute.
    Sep 25, 2014. 05:35 PM | 1 Like Like |Link to Comment
  • Long-Term Outlook - Bleak! [View article]
    GS - hopefully we're not all in chains when we experience this great revival of the human spirit. The Middle Ages lasted a very long time.
    Sep 22, 2014. 05:58 PM | Likes Like |Link to Comment
  • Long-Term Outlook - Bleak! [View article]
    I agree with everything except for what you see as the solution - what govt do you know of that can properly advance the solutions you envision? Certainly not the one we have. What, exactly, does income equality look like? Are we all going to join collectives and live in block housing? We could force everyone to be equal - well, you know - those "other" people, not us. We'll be the elite and those other people can go be equal, suck eggs, and enjoy more regulations. We'll be the people that run it all...
    Sep 22, 2014. 05:55 PM | 1 Like Like |Link to Comment
  • Long-Term Outlook - Bleak! [View article]
    Yep - the lawyer gimmick of deep pockets still works - it's easier and cleaner. And, it makes for great politics when claiming that you're "out for the little guy" while you hit him over the head with a hammer.
    Sep 22, 2014. 05:50 PM | 1 Like Like |Link to Comment
  • Long-Term Outlook - Bleak! [View article]
    Totally agree - it is our history that taxes are largely borne by the middle class, as is appropriate - there were many more of us than anyone else. The mixmaster job that has been done on us for the last couple of decades has severely hampered that ability for us to carry that burden well. It is worth noting that a much smaller middle class, carrying about 1/3 of the country on their shoulders will not be able to march for long. There is a reckoning.
    Sep 22, 2014. 05:46 PM | Likes Like |Link to Comment
  • Long-Term Outlook - Bleak! [View article]
    Michael - I have often viewed your comments as contrarian. I'm puzzled to find that your most recent comments don't seem so much so. I wonder if it's me or you??? : )
    Sep 22, 2014. 01:07 PM | Likes Like |Link to Comment
  • Long-Term Outlook - Bleak! [View article]
    The pie IS getting "bigger." Every new dollar of debt that has no relationship to productivity is contributing to the illusion of a bigger pie. Perpetuating the illusion is called politics. Unfortunately, only a very small portion of the population can understand enough about economics to even figure out their own family budget, much less that of the nation. Their vote is assured to the political party that tells the biggest lies, while smiling. I see no cure - we will all go on the same ride, together.
    Sep 22, 2014. 01:03 PM | 2 Likes Like |Link to Comment
  • Long-Term Outlook - Bleak! [View article]
    Nothing that Carter did helped our country. He was as clueless then as he remains, today. Mr. Obama has done no better. He has played politics with our economy to insure future control of the govt by his party, with no regard for our country. At all. Pretty much everything he has done has undermined the future strength of our economy.
    My SWAG:

    If Democrats retain control of the Senate - the "dream" continues as we lie, nonstop, to the world and to America, that we know what we're doing. Inflation stays low, productivity suffers, workforce engagement continues to slide as greater numbers of people not only do not contribute to the economy - they don't even know how, and may never. Monumental disaster is for a slightly later date, but guaranteed (loss of freedoms is included in the "disaster" scenario).

    Republicans gain control of the Senate - they attempt to force the nation into more sane monetary policy and actually have a budget, which will, unfortunately, scare everyone half out of their wits as we finally face the idiocy we've been courting. Inflation will increase, steadily and the economy will teeter. Very scary times, but a much smaller disaster, ultimately, than the one we face, above. Democrats will force a tremendous increase of racially-based violent politics that destroy many inner cities, in an attempt to hostage the country into coming back to them. It might work.
    Pick your poison.
    Sep 22, 2014. 12:49 PM | 4 Likes Like |Link to Comment
  • Why I Will Start Social Security At Age 62 [View article]
    Don't count on any exemption. A freeze in payment amount can be instituted just as easily and serve the same purpose for those already in the system. Don't underestimate the power of the federal govt to find your money and spend it.
    Aug 26, 2014. 11:22 AM | 5 Likes Like |Link to Comment