Ba1k3es

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  • John Hussman: QE And The ECB: 'Authorize' Is A Slippery Word  [View article]
    For Hussman the past and present is misery.

    The past of the American stock markets say if you hold on for the long haul you will come out ahead. Hussman aparently thought this time was different, and it wasn't. Too bad for his investors.
    Jan 20, 2015. 10:12 PM | 1 Like Like |Link to Comment
  • I'm Not Buying It-- Not The Wall Street Rip, Nor The Keynesian Rap  [View article]
    "You can't demand something that doesn't exist."

    Sure you can. People have demanded alternatives to putting gas in cars, we got tesla. People demanded we go the moon, we got the Apollo program.

    "Where does a "consumer" get money to consume things?"
    Loans, aka the creation of money.
    Dec 20, 2014. 03:45 PM | 1 Like Like |Link to Comment
  • I'm Not Buying It-- Not The Wall Street Rip, Nor The Keynesian Rap  [View article]
    I would half agree. Junk projects, in my experience, are usually marketing or management ideas (which supercede others) that get pushed on someone or team to "make happen" with an unrealistic deadline or without any real market research aka their "perception".
    Dec 19, 2014. 04:34 PM | Likes Like |Link to Comment
  • I'm Not Buying It-- Not The Wall Street Rip, Nor The Keynesian Rap  [View article]
    Kertch,

    So wrong it isn't funny.

    As someone who has worked in R&D, and especially in today's environment, what the consumer "demands" drives everything. Innovation stems from what the customer wants or what we percieve they want, or the projects don't get funded. Yes there is some initial risk that your assumptions/forecasts of demand may be off but if there is no forecast there is no production.
    Dec 19, 2014. 09:50 AM | 1 Like Like |Link to Comment
  • An Obvious, But Overlooked Reason For Declining Household Income: The Number Of Work Hours Per U.S. Household Has Been Falling  [View article]
    How are salaried workers who are billed for 40 hrs yet may work 60 counted?

    "There could also be a downward “Obamacare effect” on average hours worked that started in 2013 when many companies reduced workers’ hours below the 30-hour-per-week threshold to avoid the employer mandate to provide health insurance for full-time employees."

    Why throw this out with no data to support it? That is weak. And the reason is because the data to support the claim doesn't exist, everyone who has looked at this has found no discernable effect.
    Dec 6, 2014. 10:33 AM | 1 Like Like |Link to Comment
  • Declining Affordability In The Sales Mix Of New Homes  [View article]
    It's not characteristic of a bubble. It is a reflection of the growing wealth inequality. Those at the the top can more than afford to pay for expensive homes. If you broke house prices into quintiles, then we should expect to see rising prices for more expensive homes, and flat prices for lesser expensive homes, simply by following the income growth by quintile graphs.

    If you were seeing a lot of buying at lower prices, then I would be worried.
    Dec 6, 2014. 10:27 AM | Likes Like |Link to Comment
  • Keynesian Hit Men On The Road- Krugman And Rogoff Peddling Toxic Advice  [View article]
    Yes we would not be on that cusp but instead mired in a spectacular depression.
    Dec 2, 2014. 12:28 AM | 1 Like Like |Link to Comment
  • The Critical Chart In Sovereign Debt Analysis  [View article]
    Exactly, Nate. A quick reality check on the list shows no correlation whatsoever.

    I would love to see (imo much more important) the list but instead with debt service divided by revenues.

    And/or debt owed in a foreign currency as a percentage of revenues.

    I think these would be much more telling.
    Nov 30, 2014. 08:17 PM | Likes Like |Link to Comment
  • The Critical Chart In Sovereign Debt Analysis  [View article]
    Why stop short of the better metric Debt service/Revenues? That shows a much truer of what you are trying to do.
    Nov 30, 2014. 10:39 AM | 1 Like Like |Link to Comment
  • Summary Of My Post-CPI Comments  [View article]
    I don't really care who is right in this squabble, but percentages of percentages is a stupid metric.
    Nov 23, 2014. 08:13 AM | Likes Like |Link to Comment
  • The Core Problem Of The World Economy And With Capitalism Is Income Distribution  [View article]
    Nonsense.
    Nov 23, 2014. 01:11 AM | Likes Like |Link to Comment
  • The Core Problem Of The World Economy And With Capitalism Is Income Distribution  [View article]
    I do not, but I would love to find one. I have looked at lists of very wealthy individuals, and a large percentage have either inherited most of their wealth, or inherited amount that was far above average that allowed them to grow it to larger sums.

    Based on probabilities, if all born had equal opportunity to making these top 100 lists, then there should be 0 to 1 person the list inheriting their wealth. The number far exceeds that.

    Also this graph shows how extremely "difficult" it is for those born lucky to fall from the top quintile to the bottom.
    http://nyti.ms/1wTON55
    Nov 23, 2014. 01:09 AM | Likes Like |Link to Comment
  • The Core Problem Of The World Economy And With Capitalism Is Income Distribution  [View article]
    Great article. However, I would suggest that the root cause is more precisely wealth distribution which is a function income distribution. People tend to use the two concepts as synonyms, but the aren't exact. In my opinion, inheritance may have nearly equal blame as income inequality which creates the wealth distribution inequality, which is the cause of current economic problems.
    Nov 22, 2014. 08:07 AM | 3 Likes Like |Link to Comment
  • The Top 20% Of US Earners Pay For All Transfer And Government  [View article]
    Wrong.
    Nov 19, 2014. 04:24 PM | 6 Likes Like |Link to Comment
  • Explaining Income Inequality By Household Demographics  [View article]
    I thought you were going to discuss "increasing income inequality" yet all you did was attempt to say "it isn't as bad as it looks." Why did you not compare the "income per earner" historically, adjusted for inflation? What does that chart look like for all quintiles? Without we know nothing of whether it is increasing or decreasing.

    Quoting Thomas Sowell about an opinion on Income Mobility is not the same as actual data or fact. I did a quick google search and found these charts that look at the likelihood of someone born into a certain quintile changing to another one.

    Here is the one for wealth:
    http://nyti.ms/1wTON55

    Here is the one for Incomes:
    http://bit.ly/1wTON58

    Clearly Thomas Sowell is flat out wrong. Someone born at the Top has to "try" really, really hard to reach the bottom. Only 8% make it.
    Nov 12, 2014. 01:17 PM | Likes Like |Link to Comment
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