Seeking Alpha

Witchy

Witchy
Send Message
View as an RSS Feed
Latest  |  Highest rated
  • Now addressing Parliament, PM Papademos says he has heard plenty of criticism of the latest loan deal, but no alternatives. The only other way is default, he says, but this would be catastrophic. Peter Tchir doesn't buy it, noting Papademos was selected - not elected - with the specific charge of pushing Troika demands through the Greek legislature.  [View news story]
    Remember 2000: Bush was selected not elected.
    Feb 12, 2012. 05:23 PM | 1 Like Like |Link to Comment
  • PM Padademos and finmin Venizelos have reportedly entered Parliament in Athens as MPs debate austerity measures ahead of a vote this evening. Meanwhile, the air around Syntagma is again thick with tear gas (live feeds) as police attempt to clear protesters.  [View news story]
    These people need get off the streets and do something productive. Do some real work, you bums -- instead of living off the generosity of others!!!

    We are talking about the GOP primaries, aren't we?
    Feb 12, 2012. 04:16 PM | Likes Like |Link to Comment
  • Chesapeake Energy (CHK) says workers have stopped the flow of drilling fluids from a natural gas well in Pennsylvania that leaked the chemical-laced water for two days. Critics say hydraulic fracturing - "fracking" - could poison water supplies; the company claims the incident posed "minimal" environmental impact.  [View news story]
    These regulation-addicted, crybaby environmentalists! We've all seen the scientific evidence on Jeopardy: machines are now smart enough to run the corporations and keep the profits up, margins wide, even if and especially if all the wetware lifeforms are extinct. Face the truth: the problem is us carbon lifeforms with our incessant addiction for oxygen, water, and other wimpy expenses. Eliminate these expenses by putting Watsons in charge and watch the capital gains soar!
    Apr 23, 2011. 02:46 AM | 2 Likes Like |Link to Comment
  • More Americans now work for the government than in construction, farming, fishing, forestry, manufacturing, mining and utilities - combined. Stephen Moore: "We have moved decisively from a nation of makers to a nation of takers."  [View news story]
    History's most important innovators have it seems rarely been motivated by the lust for monetary gain above all else. From Homer and Thales and Socrates, Moses and Paul and Augustine, Abelard and Leonardo and Newton, to Locke and Rousseau and Jefferson, Beethoven, Whitman, to Van Gogh and Pasteur and Einstein, the Wright Brothers and Alan Turning and Arvo Part: financial and moral support has come from a variety of sources, while the innovators were motivated most essentially by something else, something often not seen or recognized by the myopic or fanatically simple-minded or juvenile ... and a crucial factor was that the culture, the society valued the quests and innovations gained.

    Writers who had first-hand experience of the rise of the Fascists early in the 20th Century frequently used the term Philistines to describe them. H. Arendt made the phrase "banality of evil" famous, and later defined banality as the absence of thought and imagination, and thought she defined as "conversations in the head." The banal don't have conversations: only a long tedious monologue of the same simple shallow stupid, because unexamined, cliches over and over and over again, like a stuck record.

    Today, we're witnessing another wave of something similar. Democracy turns to tyranny when too many want their lowest inclinations and habits in power because they are unable to rise above their own pettiness, and many want revenge against those whose make them feel so small ....
    Apr 2, 2011. 02:14 PM | 3 Likes Like |Link to Comment
  • More Americans now work for the government than in construction, farming, fishing, forestry, manufacturing, mining and utilities - combined. Stephen Moore: "We have moved decisively from a nation of makers to a nation of takers."  [View news story]
    More powerful than those who make widgets: those who shape the language. Don't let Murdockian simplicities turn you into an idiot.
    Apr 1, 2011. 10:40 PM | 1 Like Like |Link to Comment
  • More Americans now work for the government than in construction, farming, fishing, forestry, manufacturing, mining and utilities - combined. Stephen Moore: "We have moved decisively from a nation of makers to a nation of takers."  [View news story]
    Sounds like the standard Marxist line coming from the WSJ and so many here. According to standard Marxism, the manufacturing workers "produce" while all the rest are only superfluous "superstructure." But ask yourself this: weren't government-paid pencil-pushers ("takers") crucial for, among many other items, the development of the jet plane, nuclear bomb, computer, internet ...?
    Apr 1, 2011. 10:36 PM | 2 Likes Like |Link to Comment
  • Chinese urban residents are more likely to buy branded products, dine out, replace their TV, or buy a new car than their American counterparts. A survey shows that China's glide through the GFC and relentlessly rising incomes are eroding the image of the ultra-frugal consumer.  [View news story]
    Well, that should help bring health care costs down.
    Jan 21, 2011. 02:23 PM | Likes Like |Link to Comment
  • The Truth About the U.S. Housing Market [View article]
    A little secular sermon: Charlie Munger allegedly called money management a low calling. I put it in the middle, the mediocre, following the ancient tradition which can be traced back at least as far as Plato: that a dedication to mere money-making is above slavery to one's crude physical appetites but below mastery or patronage of the nobler arts and sciences. Which brings me to minds and cities all-too-dominated by that mediocrity which sees nothing above immediate profit: government regulations which put some restraints on that mediocrity and add some kind nudges toward some upward direction and goals are methinks a requirement for civilization and the truly true, good and beautiful.
    Jan 7, 2011. 12:41 PM | 1 Like Like |Link to Comment
  • The Truth About the U.S. Housing Market [View article]
    Very desirable places to live: Vancouver, Sydney, London, SF, NY . . . Very undesirable places: Detroit, Atlanta, Indianapolis, Cincinnati, Cleveland . . . Especially if you have ample money or the talent, education, talent, ambition. Who if they have the energy and gumption or other means wants to stay in some dull brain-dead backwater? Historians have for a long time noted that civilizations and societies have centers of innovation which are usually port or near-port cities with lively varieties of cultural interactions even if that includes various forms of turmoil and stress . . . NYC and the SF Bay area are still such. SC by comparison has been a source of cannon fodder ...
    Jan 6, 2011. 03:47 PM | 13 Likes Like |Link to Comment
  • Lunchtime viewing: Nassim Taleb tells Bloomberg TV that Fed money printing is banging on a ketchup bottle, with no effect until the explosion, when the ketchup coats your french fries, "the whole table, everything, your face, everything." The Weimar Republic comes up; "You're short an out-of-the-money option on hyperinflation."  [View news story]
    The US is not the Weimar Republik -- there too many differences to make the analogy useful. And we have learned a few things since.

    Also try this: keep the lid on the ketchup bottle while you are banging the upside bottom. Nothing will get out. Then hold the bottle sideways, with the top slightly up, and carefully open the lid. If too much comes out simply tip the top higher. If not enough, lower the opening. Yes, believe it or not, it can be done without getting ketchup all over the table and all over your face. Unless you're a total klutz.

    Remember the first attempts at walking upright probably resulted in some face-first falls and banged-up noses. And the first attempts at making use of fire probably resulted in burned fingers, maybe arms and faces too.

    Yes, mistakes are still made, the unexpected or unwanted still happens. But we don't have to fearfully hide under beds because of that.

    What if Columbus had not dared to sail? Or the Pilgrims? What if young Steve Jobs had just settled for a safe job in some big corporation shuffling paperwork? What if Bugs Bunny were too afraid of Elmer Fudd to try and steal any carrot?
    Nov 12, 2010. 01:11 PM | Likes Like |Link to Comment
  • A new version of Apple's (AAPL) operating software, coming out Wednesday, is part of an aggressive move to lure corporate customers. But getting Macs into offices won't be easy: They're priced similarly to high-end PCs, and many companies are reluctant to switch because Apple doesn't offer cheaper products that cost-conscious businesses want.  [View news story]
    Penny wise, pound foolish. Cheapness can have high price. These saws apply to computers: a machine that's too often out of action costs more than one that's reliable and keeps on keeping on and is good-looking and such a pleasure ...
    Oct 18, 2010. 09:50 AM | 3 Likes Like |Link to Comment
  • In an effort to rush through thousands of home foreclosures since 2007, Bank of America (BAC), JPMorgan Chase (JPM) and Goldman Sachs (GS) hired anyone from hair stylists to assembly line workers who barely knew what a mortgage was and installed them in “foreclosure expert” jobs with little training, depositions say.  [View news story]
    Some of you seem so naive! You assume that anyone who receives a foreclosure notice actually "deserves" it. Haven't you heard about the guy who received a foreclosure notice BEFORE he bought the house? Or the guy who paid all cash for his house, took out no loan, and then nonetheless received a foreclosure notice from the bank where he had his checking account?

    The system is kaput. There is so much pigging out on greed that little if any thought is given to prudence, competence, fairness, legality, etc.. The banksters got so used to getting away with what they wanted year after year after year after year they slipped further and further into debauchery. When Reagan said he wanted to get the government off "our" backs, he meant off the backs of the big-money men so they could jump on the backs of the "little people" and ride them like dogs.
    Oct 13, 2010. 11:26 AM | Likes Like |Link to Comment
  • Soros Slashes Equity Exposure by 42% in Q2 [View article]
    Soros has been correct on much: in April of 2000 he went defensive with his funds; in spring of 2008 he called the rally of the time a bear-market rally; and for 2008 by most charts he was the 2nd best-performing hedge fund manager; and was again the top ten for 2009.

    Over the decades, long before Gates and Buffett became known for big donations to non-profit causes, Soros has been there: for example, he did much to support the spread of the underground literature/press in the old Soviet block, including the large-scale smuggling of typewriters, paper, presses, mimeograph machines ... And today continues to support the network of Open Society centers, based partly on the ideas of Karl Popper ...

    It's been said that future fascism will masquerade as anti-fascism and that is certainly true today on the right ...
    Aug 19, 2010. 11:58 AM | 7 Likes Like |Link to Comment
  • Soros Slashes Equity Exposure by 42% in Q2 [View article]
    Indeed the Faux Tea Party may be the world's biggest set of patsies.
    Aug 19, 2010. 11:46 AM | Likes Like |Link to Comment
  • Soros Slashes Equity Exposure by 42% in Q2 [View article]
    Fools yak in ignorance.
    Aug 19, 2010. 11:43 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
37 Comments
89 Likes