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  • Tremors, And the U.S. Government's Tragic Comedy [View article]
    Your column is a bit out of date, the number for the cuts has been agreed upon, the Republicans have added a couple of attached bills barring abortions in DC and reigning in the FDA, two things that have nothing to do with the budget.
    That aside, the present budget discussion is a joke, it represents less than 1% of the budget. Paul Ryan is right, we have to look at healthcare. Medicare and Medicaid were formed what, 40 years ago? Here's what happened to healthcare in the past 40 years. Around 40 years ago, my dad had stomach pains, he went to the doctor who placed his hand on his belly and said "Your gall-bladder feels hard, let's take it out". I work with a guy who had severe stomach pains. He had a CAT scan, then an endo-scope. Next he had a sonogram. He just had his gallbladder taken out yesterday. After two weeks of dicking around. Can we really afford this type of healthcare for everyone, especially seniors?
    Apr 8, 2011. 08:34 AM | 11 Likes Like |Link to Comment
  • "Price fixing at its worst," JPMorgan Chase (JPM) CEO Jamie Dimon says of debit-card interchange fee limits set for later this year. The "middle of the night" change - which could slash the $12B/year in fees that banks get by 84% - "penalizes us for having debit cards." A delay campaign may be bearing fruit as the Fed is behind schedule on the caps.  [View news story]
    It's much better to let companies fix prices amongst themselves.
    Mar 30, 2011. 01:55 PM | 10 Likes Like |Link to Comment
  • The era of cheap Chinese pricing is over, says the CEO of Li & Fung, a supplier of product to retailers such as Wal-Mart (WMT) and Gap (GPS). As higher raw material and labor costs get passed on, William Fung calls it the "end of China-led deflation for the world economy."  [View news story]
    Maybe all these years of cheap goods were detrimental in the long run. Sure, the poor paid less, but the middleclass was hurt in general by manufacturing moving out of this country. And maybe nobody benefited by buying more crap. And yes, you are right, mattyw, now it will be the poor who will be hit the hardest.
    Mar 24, 2011. 01:13 PM | 10 Likes Like |Link to Comment
  • The Truth About the U.S. Housing Market [View article]
    When our parents bought houses, over the years, inflation "shrank" their mortgage payments, inflation was a homeowners (and a landlords) friend. With low inflation and low wage growth, people can't count on that big mortgage "shrinking". It is a total different mindset now, something that can be used against the value of home ownership.
    Jan 7, 2011. 11:20 AM | 10 Likes Like |Link to Comment
  • Election Results: Big Win for GOP, Potential Loss for the Economy [View article]
    I'm sure Mr. Boehner will also cancel his tanning parlor membership.
    Nov 3, 2010. 11:43 AM | 10 Likes Like |Link to Comment
  • Jobless Claims jumps 11K to 278K [View news story]
    It's the worst economy in the world except for all the rest.
    Feb 5, 2015. 08:55 AM | 9 Likes Like |Link to Comment
  • Retirement's 4% Rule: Why Mr. & Mrs. Income Don't Need It (Part 1) [View article]
    An article every 20 -something should read.
    Aug 29, 2011. 01:28 PM | 9 Likes Like |Link to Comment
  • A Congressional report claims millions of gallons of known carcinogens were injected into wells as part of the process to withdraw natural gas from shale deposits. It's the latest health concern over hydrofracking, which has tapped untold reserves of gas, but threatens contamination of water supplies.  [View news story]
    Having lived in upstate NY, I know the difficulty and expense of drilling a well for fresh water. Sorry, wyostocks, but the poisoning of one's well may not be financially burdensome to the gas driller, it can be devastating to the home owner. Injecting chemicals into the ground and having a detrimental effect is a no brainer when it comes to drinking water. Think the early days of chip-making in silicone valley, all wells lost due to contamination from heavy metals.
    Apr 17, 2011. 11:26 AM | 9 Likes Like |Link to Comment
  • Rising oil prices can't kill the retail rally, Stuart Frankel's Steve Grasso says; shorting retailers because of crude gains "has proved to be the worst bet you could have made." Retail's up around 52-week highs (XRT +1.1%, RTH +0.4%) after most of this morning's same-store reports beat expectations, and Grasso expects more of the same through April and May.  [View news story]
    Slow down the expected growth. One has to remember that gas prices are not at an all time high, and mpg are higher than they were a few years ago. With each energy "crisis", the effect on our economy lessens due to conservation.
    Apr 7, 2011. 01:52 PM | 9 Likes Like |Link to Comment
  • Japanese Equities: The Buy of the Decade! [View article]
    In the 1920s, a massive earthquake leveled Toykyo killing over 100,000 people. Less than 15 years later, their war machine was able to almost destroy the US naval fleet.
    Just a historical perspective. I know, these are different times, but....
    Mar 14, 2011. 01:49 PM | 9 Likes Like |Link to Comment
  • The Truth About the U.S. Housing Market [View article]
    I have to agree that over-regulation may have indeed decreased the supply-side of the equation. Does that mean no regulation, or smart regulation, such as the preservation of farm land? And I wonder about places like NYC and San Francisco, where the only place to build is up.
    Jan 6, 2011. 02:21 PM | 9 Likes Like |Link to Comment
  • Few could have anticipated that Ben Bernanke would (apparently) reverse an economy rapidly spiralling out of control, and still get so little credit.  [View news story]
    We will see!
    Nov 11, 2010. 06:43 PM | 9 Likes Like |Link to Comment
  • Election Results: Big Win for GOP, Potential Loss for the Economy [View article]
    And military spending (by the USSR), led to their demise.
    Nov 3, 2010. 12:33 PM | 9 Likes Like |Link to Comment
  • The Fireworks Are About to Start [View article]
    Did you buy it for Y2K? Do you own a Mayan calander? Would you give all your money and belongings to a holy man who knows when the end is near?
    Oct 24, 2010. 08:31 PM | 9 Likes Like |Link to Comment
  • The Fireworks Are About to Start [View article]
    Have to agree with you there, Tack. When builders construct ten condos for every flip-it investor, but don't do the math when figuring out how many actual dwellers there are, housing can't come roaring back with a huge excess inventory.
    Oct 24, 2010. 12:03 PM | 9 Likes Like |Link to Comment