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OptionManiac

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  • 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
  • Timed to coincide with the release of its 2009 mortgage report, the FBI is reportedly planning a nationwide crackdown on mortgage fraud, with hundreds of people likely to be arrested next week on charges such as inflating home appraisals and encouraging document falsification.  [View news story]
    I remember refinancing a house in the '80's while living in California. The appraiser asked me how much money I wanted, in case I wanted a Mercedes. All I wanted was a lower interest rate so I could actually comfortably afford the house. This crap has gone on for years, the greed level has just gotten worse as time has gone on.
    Jun 11, 2010. 08:25 AM | 1 Like Like |Link to Comment
  • Welcome to "Act 2" of the crisis, George Soros says. "The collapse of the financial system as we know it is real, and the crisis is far from over," he says, calling the situation "eerily" reminiscent of the 1930s with pressure for austerity while the recovery is weak.  [View news story]
    I'm a product of depression era parents - I'm baffled too. My father would take his evening shower at the community center to save on hot water.
    Jun 10, 2010. 02:33 PM | 1 Like Like |Link to Comment
  • 34 S&P 500 Stocks Yielding More Than 5% Dividends [View article]
    Give me a break. You sound like one of those people who decry the high rate of violent crime when the rate is the lowest its been since the 60's. BP was negligent, just listen to those who worked on the platform right before it blew up - and yes, the government workers who were paid off by the oil companies to ok safety reports are even more at fault, they should have been protecting us.
    And s. rowe - man, are you right. Get rid of the politicians who won't work with the other side (both left and right). There are problem solvers there who want to do what will help, not quell screaming constituents who don't read and reflect but listen to partisan garbage.
    Every generation has said the next is going downhill, since the beginning of time.
    Jun 10, 2010. 02:25 PM | 2 Likes Like |Link to Comment
  • More of the same from the Fed Flow of Funds report (.pdf): Households cut their debt in the first quarter for the eighth quarter in a row, raising net worth at an annualized 8% to $54.6T - still down $11.4T from an early-2007 peak. Total debt rose 3.5%. Mortgage debt fell a record 3.8%.  [View news story]
    Does that net worth include the value of homes?
    Jun 10, 2010. 01:06 PM | 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]
    Ah, the standard of living and economy has just been sapped by drilling. That said, I am not against drilling, I'm against drillers who strive for profit over safety. If you look at the events that led up to the blow-out, you will see that BP seemed not to care that the blow-out preventer was essentially in-operable. And I do not just blame BP, but also government regulators that were bought by the oil industry, who let the drillers themselves write off on inspections.
    Hey, with a billion more Chinese and a billion more Indians wanting our way of life, no amount of drilling will keep energy prices down. We are in between a rock and a hard place - keep the world wide depression going to keep energy prices down, or full steam ahead and buy plenty of oil stocks so the dividends can help fill your tank.
    Jun 10, 2010. 11:16 AM | Likes 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]
    You're right, fisherman are not out of work, tourism is just fine in the gulf, Obama is just making all that up to push his agenda. Poor planning and shoddy production protocols has nothing to do with all this, it is all political. Everything would be just fine if we only let the oil companies do things their way.
    Jun 10, 2010. 10:31 AM | Likes Like |Link to Comment
  • Caterpillar (CAT) legs up again, now +3.4%, as it raises its quarterly dividend 5% to $0.44. It's paid a dividend every year since 1925, and the dividend has nearly tripled since 1998.  [View news story]
    To reduce the overtime.
    Jun 9, 2010. 02:06 PM | Likes Like |Link to Comment
  • Caterpillar (CAT) legs up again, now +3.4%, as it raises its quarterly dividend 5% to $0.44. It's paid a dividend every year since 1925, and the dividend has nearly tripled since 1998.  [View news story]
    Agreed. Instead of hoarding cash hire someone.
    Jun 9, 2010. 12:52 PM | 1 Like Like |Link to Comment
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