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OptionManiac

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  • Thursday Thrust: Where's Our Rocket Fuel? [View article]
    Amen.
    Jun 13, 2010. 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, 2010. 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, 2010. 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, 2010. 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, 2010. 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, 2010. 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, 2010. 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, 2010. 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, 2010. 11:07 AM | 1 Like Like |Link to Comment
  • The International Energy Agency raises its 2010 world oil-demand forecast to 86.4M barrels a day but warns that up to 300K barrels a day of future U.S. output may be at risk if a drilling moratorium is extended. The Gulf oil spill will raise costs, delay new projects and bring a thorough review of offshore regulation, the IEA says. Oil +1.6%.  [View news story]
    Hey, I would start by blaming government inspectors who were lax in enforcing regs. Workers in the rig have already said that BP hurried the process along. They were shown pieces of gasket from blow-out safety shutoff that had come up into the rig. The rigs should be run like nuclear reactors - ANY error could mean disaster.
    There's grandstanding done by all the politicians, Obama is forced to show uncharacteristic anger because the press says the people want him to.
    The really scary thing is that the spill has disrupted thousands of lives, killed tens of thousands of birds, fish, reptiles, yet is hardly a day's worth of oil usage in this country.
    Jun 11, 2010. 10:59 AM | Likes Like |Link to Comment
  • Thursday Thrust: Where's Our Rocket Fuel? [View article]
    I wonder how many thousands of time this was sid during Roosevelt's termS.
    Jun 11, 2010. 10:29 AM | Likes Like |Link to Comment
  • Art Laffer and the Triumph of Politics [View article]
    Reagon's growing budget mostly fed the military-industrial complex. Yes, too bad he didn't curb the budget along with the tax breaks. The deficit increased under him. Clinton increased taxes on the highest earners. On the face of it, this is vastly unfair, why should I pay more for my hard work and intelligence. But, while Clinton was in office, the market boomed. Intelligent high earners were in the market and made far more than the increase in taxes. Wealth trickled up.
    Jun 11, 2010. 10:14 AM | 3 Likes Like |Link to Comment
  • Thursday Thrust: Where's Our Rocket Fuel? [View article]
    We are in a "recovery". Sustainable? Only time will tell. More widgets are being made, sold, shipped, etc., than a year ago. GNP is increasing. Sure, unemployment remains high, and will remain high. I believe we are on the verge of a societal change. Maybe we are going back to one wage families living in smaller homes and more simply. I have depression era parents, as does my wife. The end of that era brought on a huge societal change.
    Jun 11, 2010. 09:21 AM | 1 Like Like |Link to Comment
  • Thursday Thrust: Where's Our Rocket Fuel? [View article]
    So, if you go by history, if the Republicans win, you are out of the market?
    Jun 11, 2010. 08:29 AM | Likes Like |Link to Comment
  • Fed's Hoenig backs Senator Blanche Lincoln's proposal to bar commercial banks from swaps trading. In a letter to Lincoln, Hoenig said tradings in swaps and derivatives creates risks that "are generally inconsistent with the funding subsidy afforded institutions backed by a public safety net,” and that "such activities should be placed in a separate entity that does not have access to government backstops."  [View news story]
    Well, I agree with you this time.
    Jun 11, 2010. 08:26 AM | 2 Likes Like |Link to Comment
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