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  • Reserves Don't Really 'Go Into' Loans [View article]

    If you buy one share of stock for $5, then demand increases the stock to $7 and you buy one additional share for $7 (you would have bought another share for $5, but it was not available at that price), then you have indeed put more money "into" stocks - $2

    (I made the example simple for you, since you seem to have trouble with complex situations, as you stated that the buyer gets both the stock and the cash.)
    Aug 8 02:24 PM | Likes Like |Link to Comment
  • Setting Up For A CPI Surprise? [View article]
    Mike - is there any work done that parses inflation for Consumers based on income groups? Lower income folks spend a bigger percentage on food, clothing, shelter, fuel, and utilities. Higher income folks spend more on bling, etc., and discretionary items. As a former 1%er now living on SS, inflation seems much higher for me ...
    Jul 23 12:57 PM | Likes Like |Link to Comment
  • If You Support Private Banking, You Support Government Subsidized Banking [View article]
    Jul 1 11:14 AM | Likes Like |Link to Comment
  • The Federal Fiscal Predicament: What Seems Better Is Actually Worse [View article]
    your "anchoring" comments and example suggest that maybe you/we should also be looking at a 2000 projection as well, to add perspective.
    Jun 28 11:32 AM | Likes Like |Link to Comment
  • Bill Gross's Misguided Diagnosis Of America's Economic Problems [View article]
    it's a zero-sum game - but much more than that, it's a redistribution of not only wealth but of current income as well.
    I'm 68 and living mostly on SS. after fees and worries, I see no benefit to investing what little cash I have for next to no income. my cash is under the mattress.
    Jun 14 11:31 AM | 2 Likes Like |Link to Comment
  • 2 Measures of Inflation: New Update [View article]
    PCE is useless as an inflation gauge.
    I went from a salary of $200k to SS of $30k. I spend a lot less, but what I do buy costs a lot more.
    for many, going from a good job to unemployment or flipping burgers, over the last few years, they have the same problem, although not as drastic.
    PCE may have some value as a measure of real employment, but has nothing to do with inflation.
    Apr 4 03:09 PM | Likes Like |Link to Comment
  • Is This 2011 All Over Again? [View article]
    The numbers may have been skewed by the heavy insider selling in December for tax reasons. Insiders must wait 30 days before buying again ...
    Mar 4 11:18 AM | 1 Like Like |Link to Comment
  • Visualizing Global Inflation Rates [View article]
    some wish they had that much income. how about if you have no cash, rent, and are living on social security?
    Feb 22 03:45 PM | Likes Like |Link to Comment
  • False Hope: Low Rates, Write-Offs Make Americans Richer By Default [View article]
    You are missing a key point. many of those who lost or sold their houses are now renting. What used to be $1000 in mortgage payments might now be $1000 in rent. Their debt service payments may have gone down by $1000/mo but those were deductible and the rent payments are not, This "consumer" has LESS disposable funds, not more, even though his debt service payments are much lower.
    Jan 1 12:12 PM | 6 Likes Like |Link to Comment
  • Conducting Bernanke's Symphony No. 3 In F Major [View article]
    It should be in G Major - for too much government
    Dec 8 07:10 PM | 2 Likes Like |Link to Comment
  • Getting The Questions Right [View article]
    "I want to throw into the ring adjustments made for quality of goods purchased. If a hypothetical good is 10% better than the previous version, and is priced 10% higher than the previous version, then for calculating inflation everything is still even."

    by that "analysis" someone must be paying you to buy a computer - right?
    Nov 10 09:35 PM | Likes Like |Link to Comment
  • Getting The Questions Right [View article]
    DigDeep. Have a heart (I would say soul, but that's not PC). maybe it's not the best article you read on SA today ...but you did read it. I wish we had more perspective on the thinking of the other 11 and BB, and not just more fed-speak babble. I was hoping that went away with Greenspan, but I was wrong.

    Dave Altig - keep writing!
    Nov 10 09:28 PM | 1 Like Like |Link to Comment
  • Grand Bargain: Are Fiscal Spending Cuts And Revenue Increases Both Needed? Part 1 [View article]
    so sorry that I had to get to the last comment before someone finally brought up state taxes.

    James - you really need to consider ALL taxes, when you are looking at things from an individual's viewpoint.
    Total tax paid by a family of 4 on $40,000/year (including state income taxes, municipal income taxes, sales taxes, excise taxes, and all the other taxes (some disguised as fees or licenses) is probably approaching 50% on the last dollar earned. How does this family get out from under? This is why they say taxes are too high. They can receive almost as much in spendable income by going on the dole (sorry, I'm old). Why bother working? And if they can also make a few bucks "of the books" they are ahead.
    Nov 10 07:47 PM | 2 Likes Like |Link to Comment
  • Gold Is Not An 'Investment' [View article]
    it must be jump on Cullen time. he has too many followers, a new bad picture, obfuscates with arcane theories.
    Poor Cullen.
    Nov 10 01:10 PM | 2 Likes Like |Link to Comment
  • The Fiscal Cliff And Market Uncertainty [View article]
    great tail (tale?)
    already sent to dozens of friends.
    thanks hoop
    Nov 8 12:35 PM | 1 Like Like |Link to Comment