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  • Don't Buy This Dip: The Fed Is Not Your Friend [View article]
    When I began contributing, Social Security was financially stable and my dollars were actually for my deal with it!
    Aug 6, 2014. 09:10 AM | Likes Like |Link to Comment
  • Don't Buy This Dip: The Fed Is Not Your Friend [View article]
    David; Pleeeeese, stop using terms like: "The coming funding crisis of the social insurance entitlements—Medicare and Social Security". Social Security, for many of us, is not an entitlement, as it is used today. Since I was 16 I have contributed to Social Security as well as my employer. If those funds were invested at a compounded rate of 5%, my current retirement would be more than sufficient with Social Security alone.
    But no, in the infinite wisdom of our Government Bureaucrats(MORONS) they have chosen to steal my funds and use them for either someone else or some welfare project.
    I do not receive Social Security entitlements; I receive money that was taken from my paychecks, that was earned by ME. The Government doesn't GIVE me anything from Social Security....I EARNED IT!
    Aug 5, 2014. 10:38 AM | 5 Likes Like |Link to Comment
  • FOMC Minutes - The Quick Review [View article]
    It appears that the Fed is headed in the direction of Asset Management.....didn't anyone listen to what happens when Governmental Agencies go down this in FNMA & Freddie Mac????
    Jan 9, 2014. 09:25 AM | Likes Like |Link to Comment
  • The U.S. Debt Crisis Explained In Layman's Terms [View article]
    And most of what you have just laid out is due to politicians robbing Social Security Funds to pay for other programs which there were no funds available. Just another government Pyramid Scheme. Had Social Security contributions been set aside and left alone and invested properly, there would be no problem. It would also be beneficial if SS funds were not paid to those who have not contributed and those who are here illegally. Just a small amount of stupidity exhibited by our Congress.
    Dec 26, 2012. 01:21 PM | 2 Likes Like |Link to Comment
  • The U.S. Debt Crisis Explained In Layman's Terms [View article]
    Your article does explain to the "person on the street" some of the basics of the deficit and the debt, but there are a few inaccuracies or omissions.
    First, I have contributed directly to Social Security for 45 years, 40+ of those years at the maximum rate. Had I hired an Investment Advisor to manage that money and he gave me a return of only 5%/ yr.; I would have a substantial POSITIVE Balance in my Social Security Account. But that is not the case and I have had no choice in selecting who managed my money and the deferred pay from my employer. Social Security is(should be) like an annuity where the funds are set aside and compounded at an annual rate to provide a future cash flow. Very, Very Simple.....why is Government so Stupid?
    Second, basically the same facts apply to Medicare, but for a shorter time frame.
    Third, and this is more to a solution rather than the cause, the Government has made Unemployment Benefits a Competitor to Employment of basic, unskilled Labor. Why work for minimum wage when you can sit at home and watch T.V., have Obama pay your mortgage, and collect unemployment......fore...
    Now to one of the basic solutions; with approximately 50% of the working force in the Good Old U.S.A., a GOVERNMENT WORKER, how will government ever get smaller and reduce the government pensions....government workers certainly wont vote that way.
    And just wait until interest rates begin to escalate, and they will. Has the government, in all their infinite wisdom chosen to push the maturities of U.S. Treasury bonds out over laddered longer term....NO. And let Uncle Ben just keep on printing god old U.S. Dollar Bills and rates will be back at 10% and higher as soon as the Obama terms are over.
    You are right about the buyers of this "STOCK, USA", they will demand higher rates for the declining value.
    Dec 26, 2012. 10:50 AM | 5 Likes Like |Link to Comment
  • Is Ackman's Hatchet Job On Herbalife Justified? [View article]
    I am not one for more regulation, but perhaps it is time for the SEC to require ALL of the T.V. presenters and public commentators to not only reveal that they have a position in what they are about to "spout" off about, but reveal what position they have and at what date and price they established the position. By doing this it would be easy for the public to determine if said presenter was just pumping his own position for his personal benefit, or he truly believed in his thesis.
    After being in the securities business for 45 years, in many different capacities, including being a trader, I can't tell you how many times I have witnessed someone come on CNBC or Bloomberg T.V. to advise everyone as to what they are doing in a certain economic or market situation and at the same time that presenter or someone in his firm was exiting that position or one that was very close to the same position; we either took the other side of what the presenter was espousing, if we thought he would influence the market, or simply watched in amazement as that presenter exited the trade.
    Dec 23, 2012. 05:13 AM | 1 Like Like |Link to Comment
  • Why We Can't Take Inflation Hawks Seriously [View article]
    I too, have endured as a bond veteran of the 70's, 80,s 90's and 2000's and I can assure you; the "Grand Slam" trade of the decade will be to Short the Long Bond. And NO ONE, particularly the Fed, will see it coming. This view will be seen as a "correction" and those longer term investments that the Fed has led the "sheep" to will be at 50% of par before they know it.
    Nov 26, 2012. 01:58 AM | Likes Like |Link to Comment
  • Why Andrew Ross Sorkin Is Wrong About Glass-Steagall [View article]
    Sorkin is a smug, ego-maniac who has never done anything. He writes about things that have already happened, yet he has never done anything. Again, the media-at-large tells us how it was and how it will be......but has never done anything themselves. TALKING, HYPE, HEADS..........
    Oct 2, 2012. 11:36 AM | Likes Like |Link to Comment
  • The Fed Charges On . . . But Why? [View article]
    Tom; although I have had extensive exposure to Keynes, my basic background and education center around Austrian economics with Ludwig Von Mises as the "godfather". "Human Action, A Treatise on Economics" is literally the Bible for sound Economic Policy. Consumers play a key role, but only to naught if fiscal policy is TOTALLY out of balance.
    As bad as Obama truly is, & HE IS REALLY BAD, Congress is the PRIMARY CULPRIT and the majority of them(both Republican & Democrat)should be run out of town. They are all there "to get re-elected" and will give away anything (that you and I have) to win the next election.
    Oct 2, 2012. 11:34 AM | 1 Like Like |Link to Comment
  • 'It's The Economy, Stupid!' [View article]
    WOW, Michael, you drew the wrath of all the liberals. But, you are correct, although you didn't real come out and name it, the problem is we have a SOCIALISTIC leaning government, with a president who is an avowed Communist, that is pushing this country to a state of so called EQUALITY....except for those who already have theirs of course. All of our politicians are out for re-election and willing to change anything and give everything away....TO GET RE-ELECTED. Economically, we are taxing all those who produce to a state of ...I WANT OUT. Yes, corporations are going away in droves, to survive. And they are not saints, by any means; no CEO, and I mean NO CEO is worth 10, 20, 30, 100 million dollars a year. His/her success is built by many subordinates who carry out the daily tasks of that corporation. Should he/she be compensated above everyone else, YES; he/she is the leader, the designer of policy, the one who sets the direction of the corp. and , lest we forget, the one where the "buck stops". But does that mean these egregious amounts of money are deserved, NO. Of course the exception to that rule is the few, very few who have their own money on the line and have risked it all; it's their company, they own it.
    A fair and equitable tax policy for corporations, as well as individuals would go a long way to solving many of our problems. Corporations should be taxed at a rate that is fair, like 15 to 20% across the board with NO deductions. Likewise individuals should be taxed at an increasing rate of 8% on the first $40,000; 12% on income of $40,000 to $120,000; 18% on income of $120,000 to $250,000 and 22% on $250,000 and up....ALL with no deductions. YES, i know everyone thinks charitable giving will go down--NOT; people give because they are incline to do so, not because it is a write-off...if they do it just for a write-off -they are stupid and it make no mathematical (or $$ ) sense.
    We are headed to a socialistic society if this nonsense does not stop.
    And EDUCATION is another matter. Our Colleges and Universities have become big money machines. The "ordinary" family can't afford college these days, and everyone doesn't need to go to college. We desperately need qualified, skilled tradesmen and tradeswomen; believe me, my A/C Man and Electrician make GOOD money. We pay Football and Basketball coaches millions of dollars in salaries and build huge stadiums for hundreds of millions to the benefit of a few while paying many in the classroom at almost unsustainable levels of pay(and yes, I'm a former athlete). On the local level we make grade school and high school a glorified baby sitting mechanism while under the excessive rule of Federal Guidelines. Local Schools need to be under the control of Local School Boards with STATE guidance; the Federal Government need to get it's nose out of local business!SAMA81
    Oct 1, 2012. 07:49 AM | 3 Likes Like |Link to Comment
  • The Fed Charges On . . . But Why? [View article]
    Tom, you make good points, but remember, when the Fed buys MBS, all they are doing is buying Mortgage Backed Securities from banks, pension funds, etc. (many of which are over exposed and underwater) and that money, more than likely only goes back into stocks, bonds and the like. This money probably never makes it's way back to corporate America or, even more importantly, the American Consumer. Economies grow by consumers spending!! Also, MBS do nothing for promoting home-buying as they are simply the product of homes already bought. Home-buyers must have an incentive to buy homes and more importantly available funds and creditworthiness and this comes from consumer confidence and available jobs. Under the current President and Congress no one has confidence to start new or expand projects which create new jobs and Confidence.
    Oct 1, 2012. 12:59 AM | 1 Like Like |Link to Comment