Seeking Alpha

OptionManiac

OptionManiac
Send Message
View as an RSS Feed
View OptionManiac's Comments BY TICKER:
Latest  |  Highest rated
  • Sick of Sycophants [View article]
    Like your points. Actually, the elimination of payroll taxes was bandied about. My wife works part time and declares zero dependents, yet pays more than triple in payroll taxes than income tax. I think the biggest mistake wasn't to put a huge amount of stimulus in infra-structure, even the simplest projects, like new water lines (we were without water for 12 hours this week because of a break in an ancient main)
    Jun 17 09:11 AM | 6 Likes Like |Link to Comment
  • Sick of Sycophants [View article]
    So, I guess we should have just done nothing. Let the big boys go under, tens of thousands in the auto industry join the bread lines, people wait outside their closed banks because the FDIC ran out of funds. The author forgets that is just what happened the first four years of the Depression. Deficit spending took the unemployment rate from 25% to 15% - and it did stay there for many years. The double dip took place when deficit spending was withdrawed.
    Deficit spending is very distastful, but to do nothing MAY be worse. It is very hard not to do anything when calamity strikes.
    Only an experiment with side by side economies in which doing nothing in one and government intervention in another would give us any answer to what is right. Unfortunately, one's ideology leads one to believe what works and what doesn't.
    Jun 17 08:35 AM | 8 Likes Like |Link to Comment
  • Philip Augar is no bank basher - banks "are the agents of the economic mobility that underpins a fair and fluid society" - but he says it's time for banks to go back to the basics. "The other things that today's banks do involving excessive leverage and frenetic trading as a means of making money for themselves and their clients have no place in the core banking system."  [View news story]
    Yeah, just like the banker in "It's a Wonderful Life".
    Jun 16 02:37 PM | 1 Like Like |Link to Comment
  • MBA Mortgage Applications: +17.7% vs. -12.2% last week. Thirty-year fixed mortgage rate increased to 4.82% from 4.81%.  [View news story]
    Purchases increased also, but at a much lower rate. Refis do put more money out on the table, though.
    Jun 16 07:28 AM | 1 Like Like |Link to Comment
  • ICSC Retail Store Sales: -0.7% W/W, vs. +0.8% last week. +2.9% Y/Y, vs. +3% last week. The year-on-year rate was boosted by an easy comparison and will likely improve through the month to an overall increase of 3-4%.  [View news story]
    So more widgets may have sold, just at a lower price. Retail sales ex-energy?
    Jun 15 09:08 AM | Likes Like |Link to Comment
  • ICSC Retail Store Sales: -0.7% W/W, vs. +0.8% last week. +2.9% Y/Y, vs. +3% last week. The year-on-year rate was boosted by an easy comparison and will likely improve through the month to an overall increase of 3-4%.  [View news story]
    I'll let others look at the details, I don't have time. Very hot weather everywhere - figured it would drive people into the malls. Any corelation on what sold and what did not because of the heat?
    Jun 15 08:10 AM | Likes Like |Link to Comment
  • Thursday Thrust: Where's Our Rocket Fuel? [View article]
    Amen.
    Jun 13 11:26 AM | Likes Like |Link to Comment
  • Thursday Thrust: Where's Our Rocket Fuel? [View article]
    Yeah, kind of like the contestants on American Idol whose parents tell them they can sing.
    Jun 11 01:52 PM | 1 Like Like |Link to Comment
  • Thursday Thrust: Where's Our Rocket Fuel? [View article]
    And probably the lives of those around you.
    Jun 11 01:50 PM | 1 Like Like |Link to Comment
  • Art Laffer and the Triumph of Politics [View article]
    And remember, under Clinton/Gore, the government had shrunk down to the same size it was during Truman.
    Jun 11 01:43 PM | Likes Like |Link to Comment
  • Art Laffer and the Triumph of Politics [View article]
    SS was meant to be an insurance policy. It kept old people from going into poor houses. It kept widows and their children from going into poorhouses. It was not meant to be a thirty year retirement pension (for the lucky ones who lived that long) Now all of us are living long. Without medicare, old people would spend everything they had on keeping themselves alive and then die when the money ran out. I believe that they are both necessary programs - but because of politics never adjusted to meet reality.
    Yes, and when my mother stated that she thought she should be getting more in SS, I told her I guess I better get a second job so that I can pay more into the system. They will decry keeping 20 somethings on their parents insurance while clinging to their own socialized medicine.
    Jun 11 01:41 PM | Likes Like |Link to Comment
  • Counter to the increasing rumbling of bear talk, Ben Herzon says based on the yield curve, stock prices, payroll employment, personal income and industrial production, there's no chance of a double-dip recession.  [View news story]
    Well, there's always a chance for something to happen. Hey, and I'm one of the few optimists on this site.
    I just hate it when someone thinks that math can be used to predict the future.
    Jun 11 01:13 PM | Likes Like |Link to Comment
  • Thursday Thrust: Where's Our Rocket Fuel? [View article]
    I'm changing my eating habits so I get past the black evening and get to the white morning. I may be working till I'm 80 at that point, but hopefully I'll make it to that point.
    Actually, I'm naively optimistic. And I like your points at the end of your comment. There is more than money to life - life is to live, experience, and learn!
    Jun 11 11:51 AM | 2 Likes Like |Link to Comment
  • Thursday Thrust: Where's Our Rocket Fuel? [View article]
    The generation after the great depression didn't have it too bad. But, you are right, there will be boom and bust over and over again, we do not learn. I guess it all depends on which part of the cycle you need to crack your nest egg open.
    Jun 11 11:11 AM | Likes Like |Link to Comment
  • Art Laffer and the Triumph of Politics [View article]
    I'm a liberal and I think your idea of a moving tax rate is spot on. The biggest mistake was not to have Social Security and Medicare tied to life expectancy. That would greatly reduce those taxes on the middle and lower taxes - their income tax rate could be raised minimally so at least they pay something. My wife works part time - despite declaring 0 dependents, she pays 4 times more in SS taxes than federal taxes. Too late now - at least politically - to change the system.
    Jun 11 11:07 AM | 1 Like Like |Link to Comment
COMMENTS STATS
3,324 Comments
3,576 Likes