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OptionManiac

OptionManiac
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  • Since raising taxes in a weak economy is not a good idea, Mark Thoma says the Bush tax cuts should be extended... sort of. He would allow the tax cuts to expire on the rich and transfer the savings to low- and middle-income households. "That way there won’t be any decline in aggregate demand... and since the transfer is from high savers to low savers, it could even provide a bit of additional stimulus."  [View news story]
    People who make $50,000 pay a lot less in taxes now, so you would be raising taxes on the middle class.
    Jul 16, 2010. 07:02 AM | Likes Like |Link to Comment
  • Individual investors swing (just barely) to bullish overall in the latest AAII survey: 39% bullish, 37% bearish, nearly 23% neutral. The previous week, 57% felt bearish.  [View news story]
    Hey, no problem.
    Jul 15, 2010. 08:04 PM | Likes Like |Link to Comment
  • Since raising taxes in a weak economy is not a good idea, Mark Thoma says the Bush tax cuts should be extended... sort of. He would allow the tax cuts to expire on the rich and transfer the savings to low- and middle-income households. "That way there won’t be any decline in aggregate demand... and since the transfer is from high savers to low savers, it could even provide a bit of additional stimulus."  [View news story]
    Than keep religion out of government.
    Jul 15, 2010. 08:02 PM | 1 Like Like |Link to Comment
  • Since raising taxes in a weak economy is not a good idea, Mark Thoma says the Bush tax cuts should be extended... sort of. He would allow the tax cuts to expire on the rich and transfer the savings to low- and middle-income households. "That way there won’t be any decline in aggregate demand... and since the transfer is from high savers to low savers, it could even provide a bit of additional stimulus."  [View news story]
    And turn our backs on the poor elderly and children. Let them rot so I can bathe in my bucks!! So much for a nation based on Christian values!!
    Jul 15, 2010. 05:55 PM | 1 Like Like |Link to Comment
  • Since raising taxes in a weak economy is not a good idea, Mark Thoma says the Bush tax cuts should be extended... sort of. He would allow the tax cuts to expire on the rich and transfer the savings to low- and middle-income households. "That way there won’t be any decline in aggregate demand... and since the transfer is from high savers to low savers, it could even provide a bit of additional stimulus."  [View news story]
    Like your ideas. More comments later this evening.
    Jul 15, 2010. 03:04 PM | Likes Like |Link to Comment
  • Since raising taxes in a weak economy is not a good idea, Mark Thoma says the Bush tax cuts should be extended... sort of. He would allow the tax cuts to expire on the rich and transfer the savings to low- and middle-income households. "That way there won’t be any decline in aggregate demand... and since the transfer is from high savers to low savers, it could even provide a bit of additional stimulus."  [View news story]
    Kind of hard in one year given a dismal economy.
    Jul 15, 2010. 03:02 PM | 3 Likes Like |Link to Comment
  • Since raising taxes in a weak economy is not a good idea, Mark Thoma says the Bush tax cuts should be extended... sort of. He would allow the tax cuts to expire on the rich and transfer the savings to low- and middle-income households. "That way there won’t be any decline in aggregate demand... and since the transfer is from high savers to low savers, it could even provide a bit of additional stimulus."  [View news story]
    Which would effectively raise the taxes on the middle class and lower taxes for the wealthy. Sometimes what sounds fair simply doesn't work.
    Jul 15, 2010. 02:48 PM | 3 Likes Like |Link to Comment
  • Since raising taxes in a weak economy is not a good idea, Mark Thoma says the Bush tax cuts should be extended... sort of. He would allow the tax cuts to expire on the rich and transfer the savings to low- and middle-income households. "That way there won’t be any decline in aggregate demand... and since the transfer is from high savers to low savers, it could even provide a bit of additional stimulus."  [View news story]
    Yeah, didn't work under Clinton. The surplus and bull market were just figments of our imaginations.
    Jul 15, 2010. 02:29 PM | 3 Likes Like |Link to Comment
  • Since raising taxes in a weak economy is not a good idea, Mark Thoma says the Bush tax cuts should be extended... sort of. He would allow the tax cuts to expire on the rich and transfer the savings to low- and middle-income households. "That way there won’t be any decline in aggregate demand... and since the transfer is from high savers to low savers, it could even provide a bit of additional stimulus."  [View news story]
    Yes, you are right. Everyone who makes less than $250,000 is a deadbeat, they just sit around and eat bon bons all day. The rich are the ones out in the heat right now building roads, taking away your trash, up on the utility poles making sure the ac keeps running, so the middle-class can just sit inside and enjoy the cool air. Yeah, the poor rich, doing all the grunt work so the economy keeps piddling along.
    Jul 15, 2010. 02:27 PM | 4 Likes Like |Link to Comment
  • Individual investors swing (just barely) to bullish overall in the latest AAII survey: 39% bullish, 37% bearish, nearly 23% neutral. The previous week, 57% felt bearish.  [View news story]
    I'm CAUTIOSLY optimistic. Don't trust you SA types.
    Jul 15, 2010. 01:27 PM | Likes Like |Link to Comment
  • Nearly 75% of Americans oppose Obama's ban on deepwater drilling in the Gulf, viewing the BP spill as a "freak accident" rather than the result of pushing the energy exploration envelope to find cheap oil, according to a Bloomberg poll.  The general perception: "If there’s a plane crash, you don’t ground all the airlines and stop flying completely.”  [View news story]
    Oh, I agree with you, but BP has had a terrible reputation when it comes to cutting corners. I'll say it again, I don't agree with shutting down all the wells, just clamping down on existing regulations - no cozy in bed with inspectors and oil rig owners, trust me, I am in the wine business and when TTB comes in to inspect our hands start shaking wondering what little details we have overlooked. Keeps us honest. And man, if you think this administration is Marxist - thank God you weren't around when Roosevelt was president, you would have thought an Uber Fidal Castro was president.
    Jul 15, 2010. 01:25 PM | Likes Like |Link to Comment
  • Individual investors swing (just barely) to bullish overall in the latest AAII survey: 39% bullish, 37% bearish, nearly 23% neutral. The previous week, 57% felt bearish.  [View news story]
    Hey, I'm cautiously optimistic - but this flip flopping within a week say nothing.
    Jul 15, 2010. 12:35 PM | Likes Like |Link to Comment
  • EIA Natural Gas Inventory: +78 bcf vs. consensus of +76 bcf. Futures move up +4.1% to $4.485.  [View news story]
    Future "betting" sometimes comes too much from the gut and not enough from the head.
    Jul 15, 2010. 11:56 AM | Likes Like |Link to Comment
  • Nearly 75% of Americans oppose Obama's ban on deepwater drilling in the Gulf, viewing the BP spill as a "freak accident" rather than the result of pushing the energy exploration envelope to find cheap oil, according to a Bloomberg poll.  The general perception: "If there’s a plane crash, you don’t ground all the airlines and stop flying completely.”  [View news story]
    Never said they happen all the time - never said a complete moratorium was the right thing to do. But, BP is to blame for the spill - it was not an accident - they were informed by the workers on the site of the dangers, managers were shown pieces of a broken gasket that was part of the blow off preventer, yet nothing was done. So, business as usual? What would you do?
    Jul 15, 2010. 11:52 AM | 3 Likes Like |Link to Comment
  • EIA Natural Gas Inventory: +78 bcf vs. consensus of +76 bcf. Futures move up +4.1% to $4.485.  [View news story]
    Uptick in futures makes more sense then. Hot weather should be driving prices higher.
    Jul 15, 2010. 10:50 AM | Likes Like |Link to Comment
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