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Poor Texan

Poor Texan
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  • Wall Street Breakfast: Must-Know News [View article]
    Good post but think of all the well paid C.P.A.s and lawyers you'd put out of work. Have you no heart? :-)
    May 21 09:37 AM | 3 Likes Like |Link to Comment
  • What Inflation Means To You: Inside The Consumer Price Index [View article]
    So I guess a stable dollar, which is a prerequisite for long-term savings goals, is a pipe dream and it's a roll the dice approach to your retirement hopes.
    May 18 07:03 PM | Likes Like |Link to Comment
  • In what has been dubbed as largely a symbolic vote, the House of Representatives did what was expected and opted to repeal the health-care overhaul law, but it's is likely be dead in Congress’s lower chamber. The vote was 229 to 195 to repeal the measure, with two Democrats voting along with the Republican majority: Mike McIntyre of North Carolina and Jim Matheson of Utah. Sidenote: This is the 37th attempt to repeal the law since it was passed in March 2010. [View news story]
    Because, as we see in Belgium and the Netherlands, costs are controlled by euthanizing the elderly.
    May 16 10:28 PM | 3 Likes Like |Link to Comment
  • In what has been dubbed as largely a symbolic vote, the House of Representatives did what was expected and opted to repeal the health-care overhaul law, but it's is likely be dead in Congress’s lower chamber. The vote was 229 to 195 to repeal the measure, with two Democrats voting along with the Republican majority: Mike McIntyre of North Carolina and Jim Matheson of Utah. Sidenote: This is the 37th attempt to repeal the law since it was passed in March 2010. [View news story]
    And Mexico!
    May 16 10:26 PM | Likes Like |Link to Comment
  • The Good News, The Bad News And What's Very Ugly [View article]
    "Not sure why any society needs tens of thousands of new graduates with degrees........ political "science",...

    Because the Clintons, Al Gore, and Barry have shown how to get rich through politics without meaningful work.
    May 10 01:01 PM | 17 Likes Like |Link to Comment
  • General Electric (GE +0.1%) will pay $40M to settle a lawsuit stemming from a 77% decline in the value of the company's shares over a six-month period during the financial crisis. State Universities Retirement System of Illinois claimed the company hid bad debt tied to subprime loans, an accusation GE believes is "without merit." Nonetheless, the company says it is "in the best interests of shareholders [to] avoid diverting significant resources to" the lawsuit. [View news story]
    That's o.k. Immelt has friends in high places. Just like Corzine.
    Apr 30 11:18 AM | 1 Like Like |Link to Comment
  • Initial Jobless Claims: -16K to 339K vs. 350K consensus, 355K prior (revised). Continuing claims -93K to 3.00M. [View news story]
    Yes Marco, but all government programs and all government employees are indispensable and must be protected no matter how high private unemployment goes. Even the programs that haven't been invented yet are indispensable.
    Apr 25 04:51 PM | 1 Like Like |Link to Comment
  • Initial Jobless Claims: -16K to 339K vs. 350K consensus, 355K prior (revised). Continuing claims -93K to 3.00M. [View news story]
    Bernacke's helicopter.
    Apr 25 10:50 AM | 1 Like Like |Link to Comment
  • Initial Jobless Claims: -42K to 346K vs. 388K consensus, 385K prior (revised). Continuing claims -12K to 3.08M. [View news story]
    Maybe we're seeing the end of working wives? LMAO!
    Apr 12 05:42 PM | Likes Like |Link to Comment
  • Initial Jobless Claims: -42K to 346K vs. 388K consensus, 385K prior (revised). Continuing claims -12K to 3.08M. [View news story]
    Economy can't be too bad. We're still attracting workers over the border who are finding work "off the clock".
    Apr 11 01:05 PM | 2 Likes Like |Link to Comment
  • Labor Force Participation Rate Since 1987: Some Eerie Demographic Trends [View article]
    The young subsidizing the old? Is that like children helping out their parents with unexpected costs, like a medical bill? Or bringing the widowed mother to live in the mother-in-law apartment in the house? Oh wait. We don't think in terms of family anymore.
    Apr 8 10:51 AM | Likes Like |Link to Comment
  • Labor Force Participation Rate Since 1987: Some Eerie Demographic Trends [View article]
    If older people have sufficient funds to live on, they can get the same satisfaction that they used to receive from work from volunteering. There are never enough volunteers to fulfill all the needs in our communities.
    Apr 8 10:41 AM | Likes Like |Link to Comment
  • Whom The Gods Would Destroy... [View article]
    What will be the impact of the demographic implosion on Japan's industrial base. As demand from an aging, poorer (from inflation), and smaller population falls, will GDP follow causing an even higher public debt percentage? Can Japan survive on its export base as more of it is moved overseas (such as the Japanese automakers building cars in the U.S.)? Maybe as more countries try to rely on inflation to reduce their debt, we'll all enter into an economic death spiral. Just wondering.
    Apr 4 08:08 PM | 3 Likes Like |Link to Comment
  • The Justice Department's reluctance to investigate fraud at the biggest financial institutions probably lowers the value of their equity, says hedge fund guru Jim Chanos. Basing its decision on whether to prosecute in part on the systemic effect it would have on the financial system has caused a really reasonable, serious, continued undermining of trust in our markets. Wall Street executives wondering why their stock continues to lag have their answer: The public doesn't trust them because they know the government is turning a blind eye to fraud. [View news story]
    Unintended consequences or deliberate blindness? The revolving door is there.
    Apr 4 07:20 PM | 1 Like Like |Link to Comment
  • It Can Happen Here: The Confiscation Scheme Planned For U.S. And U.K. Depositors [View article]
    You're talking about a net worth (ad valorem) tax. It's really the only way to tax accumulated wealth. And the rationale is that the wealth is protected by the government so why shouldn't the government charge for its service. Try to pass that and you'll find out how strong the 1% (and their puppets) really are.
    Mar 28 06:40 PM | 5 Likes Like |Link to Comment
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