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  • McDonald's Is My Dividend Cash Cow Turnaround [View article]
    How is all the socialism going to influence MCD?

    Here in the grand state of NY king Cuomo is raising fast food min wages to 15$ an hour. That is a huge increase to absorb.

    Yes, I know that this is at the franchise level. But doesn't anyone think franchises will then push back against the parent for a break or they will go out of business.
    Nov 17, 2015. 06:14 PM | 1 Like Like |Link to Comment
  • Food Prices Getting Cheaper - Or Are They? [View article]
    Yes, the cost of food especially in the US has risen because of the socialistic leaning policies like MW hikes and health care along with many others.
    Nov 16, 2015. 12:03 PM | 2 Likes Like |Link to Comment
  • Faltering Friday - Eurozone GDP 0.3% From Recession [View article]
    I agree, housing for example the Fed propped up, i think housing prices need to come down.

    That is part of the reason the MW drumbeat is so loud is the cost of rent in many areas is insanely high. If a single bedroom apartment rent is 2 grand a month, even a 15 dollar MW isn't going to be enough for such high cost of living.

    I have long argued when you work on cost of living EVERYBODY benefits. When you go at the problem from income (like tax credits, MW, etc) only a minority benefit.
    Nov 14, 2015. 01:11 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: S&P Turns Negative For 2015 [View article]
    Watch this
    Nov 13, 2015. 12:25 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: S&P Turns Negative For 2015 [View article]
    Let's get something clear. Any price control is an act of socialism.

    Second, my post offered a reasonable min wage based on median wage percentage.

    I do not see anywhere in my post mentioning beggars.

    Not sure what you by "Mean Stream Media" here on SA.

    SA has a lot of intelligent people, as it usually takes some to invest. It makes sense that the community considered issues more with the intellect then the "heart."
    Nov 13, 2015. 12:03 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: S&P Turns Negative For 2015 [View article]
    Some would be able to convert, others wouldn't.

    Remember this, there are two primary attributes of a potential employee, willing and able. Some WalMart workers would be able to work at CostCo but are unwilling to bother. Others are willing but would not be able. And still more are neither.

    I think we need to ask ourselves as a society do we prefer a model where more people are working but some at relatively "low" wages or do we prefer a society where less people are working but for a higher average wage?

    While harsh on the surface I prefer the former. I would rather have more people with the opportunity to work then more people not working at all.

    Of course liberals will claim min wage increases has no impact on employment. Problem is the studies that claim this only looked at modest increases. When increases are modest chances are the rate is not far from what the natural rate would be anyways, hence little employment impact. But when you are talking about a 50-70% increase, I think at this point there would be a real impact.

    The research I believe to be more reality suggests min wage is ideal when set based on a percent of the median wage, usually around 40-45%. So if the median wage were say 24 dollars an hour the min wage should be around 9 an hour.
    Nov 13, 2015. 10:57 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: S&P Turns Negative For 2015 [View article]
    "A Wal-Mart worker group that recently pushed the retailer to raise pay and benefits is launching a 15-day protest to rekindle the fight for $15/hour minimum wage. "

    Why don't they spend the 15 days looking for another job?

    CostCo pays more, it should be a natural ambition for retail workers. Only problem is unlike other retailers CostCo actually demands productivity out of its workers.

    Thanks to the socialism in the country, WalMart is slowly transitioning its model toward efficienct use of labor over effective use. This will reduce how many employees it has per dollar of sales.

    I am sure some accountant at WalMart did the math. If they had to pay 15 an hour today under the same model they would be better off closing the doors and putting all their money in overvalued Tbills.

    Oh and for all the liberals who decry those "overpaid" CEOs, if the CEO is WalMart worked for free and gave his entire pay to workers it would amount to a whopping 5 cents an hour, and that is being generous!
    Nov 13, 2015. 10:27 AM | 6 Likes Like |Link to Comment
  • Main Street Capital Corporation: This 7%+ Yielder Is Still Worth It, Even At A Premium Price [View article]
    BDCs will struggle in the short term until/if rates rise above 1%.
    Nov 11, 2015. 05:09 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: AB InBev, SABMiller Seal MegaBrew Deal [View article]
    King Cuomo of NY just used his "executive authority" to raise the MW for all State workers to 15$ an hour.

    Isn't this type of taxation (someone has to pay for the wages) a reason why our founding fathers fought for independence?

    And now they claim fantasy football is "gambling."

    NY is open for business alright, only if you are willing to not make any profit at all for the "greater good."
    Nov 11, 2015. 08:56 AM | 5 Likes Like |Link to Comment
  • Main Street Capital Corporation: This 7%+ Yielder Is Still Worth It, Even At A Premium Price [View article]
    I have said before I will say again. BDCs selling at a premium have an advantage in that they can issue secondary's that will be accretive to NAV all else held equal.

    That said, I also agree with a poster above, the major risk is if investors lose too much confidence the company will be more prone to a harsh selloff.

    I invest in MAIN for hopefully the very long term. So while I would not be surprised if it soldoff at some point, I also think over time it will provide a strong positive economic return.

    I also suspect that for a BDC the company will not want the stock price to someday reach 100 a share for example. This would hamper retail participation and dividend reinvestment for some who are not able to buy fractional shares. I would therefore think that if MAIN ever did appreciate materially I could see them doing a stock split.
    Nov 10, 2015. 05:15 PM | 2 Likes Like |Link to Comment
  • Developing Market Debt Hits $58.6Tn On Bailout Mania [View article]

    You can thank liberal policies for the issues we are in! The fact is that our government for many decades has been afraid of deflation and favors max employment over everything else. While I certainly prefer more people working then not, I also recognize that the economy needs to have washout periods to be more sound in the longer term.

    What has happened is that any contraction/deflation is haulted before it can fully work itself out. Over time this builds more and more structural deflationary forces that takes more and more papering over to stop.
    Nov 10, 2015. 12:10 PM | Likes Like |Link to Comment
  • Market Weak Ahead (Not A Typo) [View article]

    MW is a price control, how you could not view is as an act of socialism is beyond me.
    Nov 9, 2015. 06:41 PM | 1 Like Like |Link to Comment
  • Market Weak Ahead (Not A Typo) [View article]

    Ever consider the service industry over recent years will be very reluctant to give any real raises considering how much Min wage hikes of double or more are actually being tossed around?

    Be carefull what you wish for with socialism.

    The best way to the middle class is small business. People that are not from a rich background starting their own business.

    A friend of mine has some of the best burgers I have ever had and loves to cook but works in finance with me. I asked him why not consider starting your own business selling burgers and he put it best of what's wrong with this country. "Are you kidding me, New York want's to raise its MW to 15 an hour, between that and all the other regulations its just not worth it to me."

    Most small businesses these days primary concern is not staying competitive or technology or rivals, its the government. That is a big problem!
    Nov 9, 2015. 09:05 AM | 10 Likes Like |Link to Comment
  • Wall Street Breakfast: All Eyes On Jobs [View article]
    Industry has been in a slump because of higher dollar value.

    People complain when dollar is low that the Fed reserve devalue our currency, then the same people complain about lack of industry growth.
    Ignorance, what will ruin America.
    Nov 6, 2015. 03:31 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: All Eyes On Jobs [View article]

    California is the liberal cornerstone of the country, the courts will rule in favor of the "workers" not Uber. Just like every city in califnornia will soon have a 15$ min wage small businessed be damned.
    Nov 6, 2015. 02:54 PM | 2 Likes Like |Link to Comment