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  • Market's Perfect For Agnostics, Non-Believers Will Convert  [View article]
    I was born in 1956 and the population of the US was 169 million people. In 2012 the population of the US was 314 million.

    ?Can we agree that:

    A growing population needs an expanding money supply to facilitate commerce (including credit) and accommodate something approaching "full" employment?

    The increase in money supply, money in excess of what was in the system in the past, is accomplished by deficit spending by the Federal Government?

    The term "deficit" in this context represents an increase in "money assets" moving from the public sector (Fed Gov't) to the private sector?

    The US Government is the only entity that is the creator and issuer of US dollar assets?

    Granted, this is a very simplistic overview, but if you do not agree in general with this basic presentation of the US monetary system, then neither one of us will gain anything through further discussion.

    Feb 25, 2014. 10:08 PM | Likes Like |Link to Comment
  • Market's Perfect For Agnostics, Non-Believers Will Convert  [View article]
    Fair enough. I believe we will just have to agree to disagree.

    Regarding Joe Consumer: I compare the subprime mortgage fiasco to drunk driving. Sure it takes 2 to tango, but I expect the police force to stop and arrest drunk drivers.... not help them into the car and wish them a good day. Bankers are supposed to be "the police", or at least not assist with the fraud.

    Regarding Consuming Billions: The United States has it's own sovereign fiat con-convertible currency. We are therefore not revenue constrained (other than inflation concerns) and taxes do not (solely) fund the Federal Government. It only makes sense to expand the "money" supply during a credit crisis.

    Treasury bonds will mature/expire. The deficit is reducing. Things will get back to normal eventually. Our whole monetary/fiscal system of banking/payment settlement is an artificial, man-made process in which the Fed is a part. I don't want to go back to a system of barter when I go buy things.

    Thanks for the reply. We have different perspectives and that's ok.
    Feb 25, 2014. 08:47 PM | 1 Like Like |Link to Comment
  • Market's Perfect For Agnostics, Non-Believers Will Convert  [View article]
    Damn that Fed! ....Oh wait.......... wasn't it Congress that deregulated the financial sector??
    Feb 25, 2014. 05:40 PM | Likes Like |Link to Comment
  • Bottom In Gold Likely To Be Below $770  [View article]
    The Fed can hold their Treasuries to maturity and let them expire naturally while reducing the purchase of new ones.
    Feb 23, 2014. 09:47 PM | 1 Like Like |Link to Comment
  • Bottom In Gold Likely To Be Below $770  [View article]
    "Money" can be taken out of circulation may ways, including an increase in Federal taxes and reduced Federal spending on anything (military contracts, Social Security, grants, entitlements, etc...).
    Feb 23, 2014. 09:43 PM | Likes Like |Link to Comment
  • Instagram (FB) triggers a backlash by announcing it will have the right (effective Jan. 16) to sell access to photos and user information for use in ads without notification. Facebook had already signaled it plans to monetize Instagram, but few expected big privacy policy changes. The mobile photo-sharing platform had already upset users this month by ending Twitter integration. Henry Blodget: "The truth about Instagram's horrifying new terms of service: No one will care."  [View news story]
    Do you want your under age kids showing up in ads? Maybe, maybe not.
    Dec 18, 2012. 10:57 AM | 3 Likes Like |Link to Comment
  • Fiscal Cliff Hissy Fit  [View article]
    I really don't know why I waste my time here....

    @ outcast

    You do understand monetary and fiscal policy? You do understand that the United States will never be Greece because the US has it's own sovereign fiat currency? You do understand that we don't have a solvency problem because the US Government is the sole source creator and provider of US currency. Our primary constraint with the US money supply is inflation. You understand that, right? You do realize that the "debt" is just a tally of money in the system and as the population goes up, the money supply must also go up to facilitate higher employment rates and allow commerce to take place. You understand these concepts, right??
    You do comprehend that Greece is a member of the EU and uses the euro as it's currency, and Greece cannot create more euro's. You do realize that Greece is a currency user and not a currency issuer. Right? When Greece runs out of money, it has to truely borrow more money. The US does not have to do that. Do you want the money supply to shrink back to the level of currency that was in circulation back in 1956 when the population of the US was only 170 million? Let's see how it goes when you try to barter with the car salesman for a new car and all you can do is trade him your 3 cows..........
    Nov 7, 2012. 11:51 PM | 3 Likes Like |Link to Comment
  • Fiscal Cliff Hissy Fit  [View article]
    If you look at the demographics of who voted for Obama, the majority of women, Hispanics, and African Americans voted for Obama. That is "data". Those are "facts". Look at the statistics.
    Nov 7, 2012. 11:39 PM | 1 Like Like |Link to Comment
  • Fiscal Cliff Hissy Fit  [View article]
    I really don't quite understand your spin, David: " After all, what president could run on this kind of record and win?"

    Really?? The markets are up, unemployment is down, taxes are down... We're starting to re-implement regulation to keep the financial sector from blowing us up again. Yeah, everyone can complain about Bernanke (who was first appointed by Bush). But, hey, we're recovering, albeit slowly.

    You ARE correct about demographics. Women don't want their bodies to be controlled by the government. Hispanics don't want to be treated like sub-humans, African-Americans want to have the same opportunities as whites. That's not spin, those are facts.

    Nov 7, 2012. 10:24 PM | 9 Likes Like |Link to Comment
  • Who's Afraid Of The Fiscal Cliff?  [View article]
    Well done. An intellectually honest article. Thanks!!

    The main thing that bothers me is there are a lot of religious zealots that will die for their mythology. It's very hard to get irrational people to compromise.
    Nov 7, 2012. 05:08 PM | 2 Likes Like |Link to Comment
  • Obama Wins Is Likely Headline  [View article]
    Nate Silver runs his own show, even after being bought out by the NYT. His services were purchased by the NYT just a short time ago..... AFTER it was already a well established and successful business. Nothing wrong with capitalist NYT buying out his business and paying Mr. Silver a lot of money to do so. That is the American way. Math and statistical analysis do not spin. Math is not propaganda. By the way - sorry you lost. The numbers said you would.
    Nov 7, 2012. 12:13 AM | 1 Like Like |Link to Comment
  • Obama Wins Is Likely Headline  [View article]
    Hi perplexed. Please re-read what I posted. I'm not predicting anything. FiveThirtyEight will provide you with all of the math and statistical analysis that you're looking for. Cheers!
    Nov 5, 2012. 11:30 AM | 1 Like Like |Link to Comment
  • Obama Wins Is Likely Headline  [View article]
    The website FiveThirtyEight does statistical analysis of all the state polls, plus evaluates all the national polls. As near as I can tell, it is an unbiased analysis that just crunches the numbers.

    Obama has always remained the favorite and as of today is being shown as having an 82% chance of being re-elected. Romney has never had much more than a 30% chance, that coming immediately after the first round of debates in which Obama did poorly.

    Obama will win Ohio and that pretty much wraps it up.
    Nov 5, 2012. 10:52 AM | 3 Likes Like |Link to Comment
  • The Traders Did It! Redux  [View article]
    Well stated. Most notably the parts about the "zero sum game" and "pigeons". Now, if we could just convince our friends that sometimes.... regulation is a good thing. Even our highways have a speed limit!
    Nov 2, 2012. 08:55 PM | 2 Likes Like |Link to Comment
  • Daily State Of The Markets: I'm Surrounded  [View article]
    " I've learned that nobody cares what I think about what is happening or what I think might happen next. "

    Not true. Thanks for posting. We might not agree, but that doesn't mean that we aren't interested!
    Oct 26, 2012. 10:53 AM | 1 Like Like |Link to Comment