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The Classy Drunkard

The Classy Drunkard
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  • Why Bank Of America Longs Can Fearlessly Face The 3.1% Drop In Mortgage Applications [View article]
    Man are you wrong.
    It is YOUR neighbors. The ones driving the BMW's they can not afford and eating out every night and maxing their credit cards.
    THEY vote for a government that is just like them.
    Government that runs up a debt, screws up everthing, and never once - ever - blames it self.


    Just....like...your......
    Jun 4, 2014. 02:33 PM | 3 Likes Like |Link to Comment
  • Why Bank Of America Longs Can Fearlessly Face The 3.1% Drop In Mortgage Applications [View article]
    Yes,
    when you exit a business, it tends to become less important.
    Jun 4, 2014. 02:29 PM | 1 Like Like |Link to Comment
  • Dilemma Of The European Central Bank: Can It Do Anything To Stop Deflation? [View article]
    "How can companies invest in new capital investment with all this uncertainty?"

    Wrong question.

    The real question is "Why would any company invest anything in Europe?"

    1. The Euro economy is ~20% bigger than it should be -it got that way from debt spending. Take away the debt, and the organic economy is just plain smaller.
    2. Europe does not believe, fundamentally, in property rights and free markets. Equality trumps freedom. What is yours should be mine.
    3. Europeans see the state as mother. Suckling is a way of life. The most prestigious jobs are with the state. Contrast that to the USA.
    Jun 4, 2014. 02:14 PM | 1 Like Like |Link to Comment
  • Why Are Investors So Skeptical When Many Reports On Economy Seem Generally Positive? [View article]
    When no one has a job,
    new unemployment filings will fall to zero
    and we can REALLY celebrate.

    Is that I Haiku? I failed poetry.
    May 28, 2014. 03:22 PM | 5 Likes Like |Link to Comment
  • How To Think About France [View article]
    Can we just NOT think about the French?
    Or this guy Krugmun?
    May 28, 2014. 03:17 PM | Likes Like |Link to Comment
  • How Low-Income Countries Can Diversify And Grow [View article]
    The whole article is a crock.
    Vietnam, China, South Korea, Indonesia, blah blah.
    They developed when they allowed free enterprise.Period.

    In other words, they STOPPED central planning.
    Strengthened property right.
    Foreign investment exploded.

    The irony of this artice (we'll tell you how to better central plan) is so laughable, I despair.

    IMF = empty head
    May 28, 2014. 03:15 PM | 1 Like Like |Link to Comment
  • U.S. Housing Set To Strengthen [View article]
    "housing about to take off".
    5 years in a row now, citing the exact same data.

    Who are the buyers? Can they buy?
    Who are the sellers? Can they sell?

    Too many buyers are jobless and/or have student debt.
    Too many sellers are underwater - will have to bring a $ check to their own closing. These same sellers used to be the "move-up" buyers.

    I don't see it.
    May 27, 2014. 10:52 AM | 1 Like Like |Link to Comment
  • Why Jobless Claims Suggest Economic Expansion Is In Late Innings [View article]
    And it's only this "good" becuase of the $ Trillion in Fed borrowing.
    Without that big credit card run up, it would be worse.

    What we need is another new credit card, damn it!
    May 23, 2014. 09:19 AM | 1 Like Like |Link to Comment
  • Why Jobless Claims Suggest Economic Expansion Is In Late Innings [View article]
    Agreed. GDP is only a weak attempt to measure the construct of wealth creation.
    Anyone who thinks that wealth creation has expanded since 07 is an idiot.
    May 23, 2014. 09:17 AM | 4 Likes Like |Link to Comment
  • 3 Signs The Economy Is Doing Okay [View article]
    Interesting perspective.
    According to the PMI chart, things have been pretty damn wonderful since 2009.
    When do you make the call that a chart is useless?

    Intermodal rail - it would be nice to see the change net energy transport. How much went from coal (decline) to crude (increase)?
    May 23, 2014. 09:14 AM | 3 Likes Like |Link to Comment
  • PBOC Steps In To Speed Up Mortgage Lending, Market Cries For More [View article]
    "the market needs more powerful stimulus to restart the engine."

    You mean to restart the bubble machine?
    Is that a good idea?
    May 21, 2014. 04:30 PM | 1 Like Like |Link to Comment
  • Inequality In Well-Being [View article]
    So, to sum:

    1. EVERYONE is spending more except the 20% who choose not to work. Unless you have an envy issue, looks good so far.

    2. Poor people are - statistically - FAR more obese. Maybe an inconvenient fact, but a fact nonetheless. Obese people die early.
    Your point?
    May 8, 2014. 11:44 AM | Likes Like |Link to Comment
  • Chinese Real Estate: Decline And Consequence [View article]
    Collective marching.
    Sounds great.

    Where do I get in that line?
    May 7, 2014. 11:28 AM | Likes Like |Link to Comment
  • Chinese Real Estate: Decline And Consequence [View article]
    That's $3 in debt for just 1$ extra revenue (growth).
    How do you pay down that debt with a 5% profit margin?
    Can you pay the interest?
    Oops.

    Also, when real estate bubbles pop, they level off for ~a quarter, then freefall.
    So, is this a levelong off, or a burst?

    Check back in July.
    May 7, 2014. 11:27 AM | Likes Like |Link to Comment
  • U.S. Economy To Enter Recession In Next 12 Months Or Less [View article]
    Technical rescession is not particularly interesting.

    We can stay out of technical recession by borrowing $1 Trillion, paying non-workers to dig ditches in the morning, and filling them up in the afternoon for the next 5 years. Technically it boosts both consumer spending and investment.

    Actually, we should measure true wealth creation growth in the form of goods and services under market based interest rates.

    So actually, we never emerged from the recession.
    Apr 29, 2014. 04:58 PM | 4 Likes Like |Link to Comment
COMMENTS STATS
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