Seeking Alpha

Ba1k3es

Ba1k3es
Send Message
View as an RSS Feed
View Ba1k3es' Comments BY TICKER:
Latest comments  |  Highest rated
  • Gold Is Going Higher Whether Or Not The Fed Tapers [View article]
    What the foolish gold buggers got wrong is that QE is not money printing. It will not lead to inflation, unless the economy improves dramatically. If that happens, well I for one would welcome an improved economy.

    Even if you are a foolish doomsday type, why hold gold instead of something useful such as land. At least one you can potentially use to survive.
    Aug 28 07:20 PM | 9 Likes Like |Link to Comment
  • The Continual Failure To Understand The Balance Sheet Recession [View article]
    While you are indentifying the right equation, but in my opinion you are focusing on the wrong part. The trade deficit is the biggest problem. Current government spending is just cpr and life support. There are real systematic problems to the trade deficit that require "treatment" to really "heal" the economy.
    Jan 21 11:48 AM | 9 Likes Like |Link to Comment
  • What Exactly Is So Objectionable About Obamacare? [View article]
    Great article.

    I have never understood why those who strongly believe in diversification to mitigate risk, oppose it in other situations. If everyone has health care insurance it spreads the risk and so prevents a major health issue from financially devastating someone.

    Pooling risk as a society benefits the whole, and is cheaper the larger the pool.

    I am not familiar with much of the ACA, but the overall goal is a society benefit should reduce costs. I am sure there are things that aren't good but we can fix those as we go along.
    Oct 10 09:33 PM | 8 Likes Like |Link to Comment
  • Economic Consequences Of Income Inequality [View article]
    Excellent, excellent article. You did a painstakingly good job at keeping the logic consistent and structured. I have been agreement with these same ideas and discussing them here for some time, however I the "household share of gdp" was a new wrinkle.

    So how to tackle inequality? I have thought of several ideas, some met with more resistance than others.

    1. Eliminating inheritance, or at least transferring Large wealth to heirs. Inheritance is Anti-Capitalism which is an unearned transfer payment to individuals (often to lazy, worthless kids of the hard working parents)

    2. Subsidizing more higher education of individuals that qualify. (improving the workforce)

    3. Subsidizing businesses that spend money on training to take an unqualified individual and get them qualifed. (aka letting the private sector determine which skills are necessary, and improving the workforce)

    4. Guaranteed Income for All U.S. Citizens.

    5. Higher Capital Gains taxes that bring it closer to income tax rates.

    6. Increased government investment in infrastructure and R&D

    7. Capped incomes for Executives. (no details, whether capped as % of median employee, profits, not sure what would be best. But something better than CEOs voting other CEOs raises so they can justify their raises due to avg CEO pay)

    Just some of the ideas I have been mulling over.
    Mar 25 01:55 AM | 7 Likes Like |Link to Comment
  • What Exactly Is So Objectionable About Obamacare? [View article]
    Yep and I trust my used car salesman for financial advice too.
    Oct 11 12:54 AM | 7 Likes Like |Link to Comment
  • Why We Are Not OK And Not On A Sustainable Trajectory [View article]
    And why should anyone listen to what you say? You have a proven track record of being consistently wrong over the last few years.
    Jan 10 02:02 PM | 6 Likes Like |Link to Comment
  • Government Shutdown Over, But What Did It Achieve? [View article]
    The Tea Party has made a mess of the Republican Party. Fracjob, it has been quite obvious the "do-nothing" has been all in the house. I fear the Tea Party has done lasting harm on the Party and the country.
    Oct 19 06:41 PM | 6 Likes Like |Link to Comment
  • What Exactly Is So Objectionable About Obamacare? [View article]
    Why are you required to have car insurance? Why is it recommended to diversify your stock portfolio (or should I say precious metal collection)?

    If your position is that you put your interests above what is good for everyone else in society, that is your perogative.

    I however take pride in being an American, meaning I will make choices that may not be in my own personal best interests but will better American Society as a whole.

    However, I also understand and believe it is in your right to advocate things that impede bettering American Society.
    Oct 11 04:35 PM | 6 Likes Like |Link to Comment
  • What Exactly Is So Objectionable About Obamacare? [View article]
    Slightly better than getting raked over by having a broker give financial advice.
    Oct 11 01:28 AM | 5 Likes Like |Link to Comment
  • Gold Is Going Higher Whether Or Not The Fed Tapers [View article]
    The supply of stuff or potential supply is very high. The problem is there is no demand. There is no demand because the majority of Americans are still hurting from a housing collapse where most of their money is tied up in (aside from the fact outside the top 10% incomes have stagnated for the last 40 years).
    Aug 28 08:28 PM | 5 Likes Like |Link to Comment
  • The U.S. Economy: How Did We Get Here? Where Are We Headed? [View article]
    I agree birthrate will drive an economy. But what you are missing is the WHY.

    That reason why is demand. More people means more demand, leading to more growth. However, it does not mean that you cannot have a growing economy without a higher birthrate. It just means you need to find different demand levers.

    The demand lever in the U.S. and similar economies is one that puts more money into the hands that need to or most likely to spend it. In this case this is the poor/lower/and mid classes.
    Apr 23 02:47 PM | 5 Likes Like |Link to Comment
  • The Sum Of All Fears: Public Service Announcement - The Russell 2000 Is Wildly Overvalued! [View article]
    Yikes... the things you find entertaining.
    Apr 1 10:18 PM | 4 Likes Like |Link to Comment
  • The Sum Of All Fears: Public Service Announcement - The Russell 2000 Is Wildly Overvalued! [View article]
    "So as a big govt spending apologist what's the argument?"

    If you ask the question without being childish, I would answer your question.
    Mar 30 05:29 PM | 4 Likes Like |Link to Comment
  • The Greatest Danger For Stock Investors Today [View article]
    "there is no reason to do anything except collect the dividends and live in comfort."

    Exactly why wealth inequality leads to slow growth. Also why anyone who truly believes in capitalism should be for large taxes on inheritance and laws preventing large estates being passed down to heirs. Just as our founding fathers, including Adam Smith, had thought.
    Mar 22 10:13 PM | 4 Likes Like |Link to Comment
  • Missing Indicators And Confirmation Bias [View article]
    I have been discussing the perils of confirmation bias in the comments section of SA for some time. While I do not have specific examples off the tip of my finger I know some good starting points.

    Gold bugs. I am sure there are countless examples with them. I specifically remember many pointing to QE "money printing" for why gold would skyrocket only to fall and fall.

    One of the masters of the confirmation bias to destructive results has to be Hussman.
    Mar 10 10:49 PM | 4 Likes Like |Link to Comment
COMMENTS STATS
490 Comments
405 Likes