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OptionManiac

OptionManiac
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  • Returning to a New Normal, aka Reality, Is Not a Bad Thing [View article]
    So one hundred billion less, if my math is right, around $330 per person in the US. I wonder what percentage of households have zero debt. (lot's of depression era parents still out there)
    Jun 29, 2010. 09:11 AM | 2 Likes Like |Link to Comment
  • Returning to a New Normal, aka Reality, Is Not a Bad Thing [View article]
    I am certainly not a college grad, but I get at least one card offer per day in the mail.
    Jun 29, 2010. 09:08 AM | 1 Like Like |Link to Comment
  • Dow patterns from 1937-1939 are "ominously similar" to the S&P 500's current chart, pointing to another major decline in the stock market - if history is any indication. "The rallies are seen by many analysts as liquidity rallies rather than market rallies," Minyanville's Andre Julian writes, "and are based more on a reaction to government stimulus than investor sentiment."  [View news story]
    Throw in the dustbowl and a whole generation of displaced farmers.
    Jun 28, 2010. 02:41 PM | 2 Likes Like |Link to Comment
  • Dow patterns from 1937-1939 are "ominously similar" to the S&P 500's current chart, pointing to another major decline in the stock market - if history is any indication. "The rallies are seen by many analysts as liquidity rallies rather than market rallies," Minyanville's Andre Julian writes, "and are based more on a reaction to government stimulus than investor sentiment."  [View news story]
    I'm wondering about this whole repeat of history bit. Today's consumers and investors are quite different than those from the 30's. I look at my grand parents (now long passed) and see a totally different mindset from people dealing with today's downturn. Will this social difference effect the course of an economy? Wait and watch this living experiment to see.
    Jun 28, 2010. 02:12 PM | 2 Likes Like |Link to Comment
  • Paul Krugman: "We are now, I fear, in the early stages of a third depression... And this third depression will be primarily a failure of policy. Around the world - most recently at last weekend’s deeply discouraging G-20 meeting - governments are obsessing about inflation when the real threat is deflation, preaching the need for belt-tightening when the real problem is inadequate spending."  [View news story]
    You do have some very good points. The rest of the world would like to live the way we do. After all, we did spread democracy and capitilism. We may have to meet them halfway.
    Jun 28, 2010. 01:43 PM | Likes Like |Link to Comment
  • Paul Krugman: "We are now, I fear, in the early stages of a third depression... And this third depression will be primarily a failure of policy. Around the world - most recently at last weekend’s deeply discouraging G-20 meeting - governments are obsessing about inflation when the real threat is deflation, preaching the need for belt-tightening when the real problem is inadequate spending."  [View news story]
    Movie Theaters have been gouging scince I was a tot.
    Jun 28, 2010. 01:41 PM | 1 Like Like |Link to Comment
  • May Chicago Fed Midwest Manufacturing Index: +1.7% to 86.7, adding to a 1.2% gain in April. Year-on-year gains in auto production (+38.1%), steel output (+24%) and manufacturing (13.2%) led the way.  [View news story]
    Hopefully the growth we are seeing in some areas will spread.
    Jun 28, 2010. 12:53 PM | 1 Like Like |Link to Comment
  • Paul Krugman: "We are now, I fear, in the early stages of a third depression... And this third depression will be primarily a failure of policy. Around the world - most recently at last weekend’s deeply discouraging G-20 meeting - governments are obsessing about inflation when the real threat is deflation, preaching the need for belt-tightening when the real problem is inadequate spending."  [View news story]
    Easy farm loans combined with the dust bowl - a recipe for a slew of small town bank failures. Sometimes trying to do good will turn around and bite you. Sometimes events will undo an economic fix - no matter how good it might be.
    Jun 28, 2010. 11:12 AM | 4 Likes Like |Link to Comment
  • Paul Krugman: "We are now, I fear, in the early stages of a third depression... And this third depression will be primarily a failure of policy. Around the world - most recently at last weekend’s deeply discouraging G-20 meeting - governments are obsessing about inflation when the real threat is deflation, preaching the need for belt-tightening when the real problem is inadequate spending."  [View news story]
    Thank you for being pragmatic and not ideological. The answers to problems lie within thoughtfully looking at situations without a preconceived answer already in your head.
    Jun 28, 2010. 11:10 AM | 4 Likes Like |Link to Comment
  • Paul Krugman: "We are now, I fear, in the early stages of a third depression... And this third depression will be primarily a failure of policy. Around the world - most recently at last weekend’s deeply discouraging G-20 meeting - governments are obsessing about inflation when the real threat is deflation, preaching the need for belt-tightening when the real problem is inadequate spending."  [View news story]
    McMansions, handed a tax cut while fighting two wars, easy money credit cards, "buying" and flipping more houses and condo than there are people to inhabit them, artificially low interest rates, equities markets seen more as casinos than investment tools, SUV's the size of my parent's house, only a matter of time. Even if Keynesian economics were the answer, some suffering may be what is needed to change harmful attitudes.
    This from a pragmatic liberal.
    Jun 28, 2010. 10:56 AM | 3 Likes Like |Link to Comment
  • Sen. Robert Byrd, a Democrat from West Virginia, died this morning at the age of 92, after 51 years of service in the Senate. Democrats had been counting on Byrd to help secure the 60 votes necessary to approve financial reform legislation.  [View news story]
    I clicked on this news brief afraid I would see nothing but derisive comments made towards Bryd. I too, certainly feel for the family, but, being a pragmatic social liberal (use tax money to teach the poor how to fish, don't just throw them fish), I do agree with your comments. I want my tax money used wisely, not for the best roads in the country built in such a sparsely populated state.
    Jun 28, 2010. 08:52 AM | 1 Like Like |Link to Comment
  • Does Retirement Still Exist? [View article]
    Hey, people should be retiring later in life anyway. If you like your job, why not wait to retire until later. Go ahead and use those 5 or 6 weeks of vacation you've aquired. I've seen too many guys leave my place of employment pack on the pounds after they've retired.
    Jun 25, 2010. 02:38 PM | Likes Like |Link to Comment
  • Thrill-Ride Thursday: Jobs or Bust! [View article]
    I thought GS was in charge of most of the economy.
    Jun 25, 2010. 01:44 PM | 1 Like Like |Link to Comment
  • A tropical storm brewing off the Central American coast has a 70% chance of forming into a hurricane within 48 hours, with one computer model indicating it could head into the Gulf of Mexico where BP (BP -4.1%) has a flotilla of ships trying to clean up the oil spill.  [View news story]
    I concur. I have a brother-in-law in the Keys, so I get on the NOAA site just about every day. 70% chance of becoming a tropical depression, then it has to become a tropical storm before forming a hurricane. This system is also very close to land, which can break up these early formations.
    Jun 25, 2010. 10:48 AM | Likes Like |Link to Comment
  • Perma-bear Albert Edwards just got even more bearish, saying the economy is set to collapse "like a pack of cards as soon as the steroid-like stimulus is reduced... With core inflation rates now sub-1% in the eurozone and the U.S., we are only one recession away from Japanese-style deflation."  [View news story]
    That's why I'm in the cheap wine business;)
    Jun 25, 2010. 09:22 AM | Likes Like |Link to Comment
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