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OptionManiac

OptionManiac
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  • 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
  • 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]
    I gave you a +. I agree the stimulus was not well spent.
    Jun 24, 2010. 05:52 PM | 1 Like 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]
    What's your view of Volcher's tenure?
    Jun 24, 2010. 05:49 PM | 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]
    Let's see, a stimulus that did nothing, yet take it away and things will collapse. Hmmmm.....
    Jun 24, 2010. 02:59 PM | 2 Likes Like |Link to Comment
  • CEOs anticipate increased sales and employment in the next six months and expect capital spending to remain even, according to the Business Roundtable’s quarterly survey (.pdf). CEOs planning to add jobs outnumber those who plan to cut, 39%-17%, and 79% see sales rising.  [View news story]
    And you know this how?
    Jun 23, 2010. 11:49 AM | 1 Like Like |Link to Comment
  • CEOs anticipate increased sales and employment in the next six months and expect capital spending to remain even, according to the Business Roundtable’s quarterly survey (.pdf). CEOs planning to add jobs outnumber those who plan to cut, 39%-17%, and 79% see sales rising.  [View news story]
    If you do not believe the business leaders outlook, than you can not believe anyones. If you do not believe anyone, than you cannot voice an opinion for you have no data you can deem as "believable".
    Jun 23, 2010. 10:46 AM | 4 Likes Like |Link to Comment
  • Pending financial reform legislation is so bad that it will ultimately harm the economy and consumers, Dick Bove says, forcing a rewrite of the law within two years. Bank balance sheets will shrink and lending constricted, he predicts, and the cost of banking will rise for consumers.  [View news story]
    And without legislation the balance sheets were just fine?
    Jun 21, 2010. 02:43 PM | 1 Like Like |Link to Comment
  • Kenneth Feinberg, appointed to handle the BP compensation fund, says he expects claim payments to go out within 30-60 days.  [View news story]
    And the board room? Who's NOT afraid to say stop to company policies that will harm the public but make profits (votes)? We have seen this with BP and Massey over and over. Where are the brave individuals in both government and the private sector that will do what is right.
    Jun 18, 2010. 09:12 PM | Likes Like |Link to Comment
  • Kenneth Feinberg, appointed to handle the BP compensation fund, says he expects claim payments to go out within 30-60 days.  [View news story]
    Government is made up of people, firms are made up of people. It is people who cause all the problems, not some sort of faceless demon. I hate it when people demonize some institution - demonize the people. We have met the enemy and they are us.
    Jun 18, 2010. 06:12 PM | Likes Like |Link to Comment
  • Kenneth Feinberg, appointed to handle the BP compensation fund, says he expects claim payments to go out within 30-60 days.  [View news story]
    You certianly are right - it wasn't all government corruption that has caused the present economic problems. When you get right down to it, you can only blame greedy individuals, whether they work for a firm, the government, or their selves.
    Jun 18, 2010. 01:48 PM | 1 Like Like |Link to Comment
COMMENTS STATS
3,383 Comments
3,650 Likes