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mobyss

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  • Low wages at fast-food chains in focus [View news story]
    Whenever I eat at a fast-food place (not often), I always cringe when I see the workers behind the counter making my burger, and I hope to god that they have washed their hands in the last hour or two.

    Someday, when the entire food-assembling process is done completely by machines, we won't have to worry about $8 per hour McD's workers using welfare. There won't be any $8 per hour workers. Maybe a couple of $10 workers who vaguely know that 20 is bigger than 10 after they've pushed the pictures on the register, and the machine tells them how much bigger it is.
    Oct 18 12:19 PM | 1 Like Like |Link to Comment
  • Low wages at fast-food chains in focus [View news story]
    Tom, the buying of guns and ammo has nothing to do with deer.

    And the "gun bubble" will only grow when Obama is replaced by Hillary. In fact, sales will probably double during her term(s).
    Oct 18 12:15 PM | 2 Likes Like |Link to Comment
  • Low wages at fast-food chains in focus [View news story]
    If you work at McDonalds for 20 years and never utilize that work history to get a better job, you probably have the IQ of Forrest Gump.
    Oct 18 12:12 PM | 4 Likes Like |Link to Comment
  • Debt Ceiling And Stocks: Why The Media Is Deceiving You [View article]
    "...while adhering to basic notions of 'fairness'"

    Who's notions, yours?
    Oct 18 12:08 PM | 1 Like Like |Link to Comment
  • Debt Ceiling And Stocks: Why The Media Is Deceiving You [View article]
    "Democrats Won, Republicans Lost"

    You say this is not true (wars/battles), but it absolutely IS true.

    The Democrats won - they want to continue massive deficit spending and continue to pile on the debt. Don't forget, Harry Reid wanted a $1.1 TRILLION dollar debt ceiling increase, just to get us though the end of 2014! The Democrats are planning on increasing the debt to $17.7 Trillion in just 14 months! That's a 6.6% increase in debt for an economy that's growing at around 2%.

    Even though the ceiling increase is only through February, the Democrats WILL keep getting the increases, and we WILL be in debt for nearly $18 by the end of 2014, $19T by the end of 2015, and $20T+ by the end of 2016. The national debt will effectively double during Obama's two terms.

    So the Democrats did win, and the taxpayers (for the next 100 years) lost again.
    Oct 18 12:07 PM | 4 Likes Like |Link to Comment
  • Again, The Taper Isn't Coming Any Time Soon [View article]
    The economy would collapse without QE. The Fed knows it, the markets know it, and the government knows it.

    You're right - there will never, ever be a taper of QE. Removing even $1 billion per month would be a sign that the Fed is going to leave the economy and markets to fend for themselves, and since they can't, there would be a major panic.

    The only issue will be whether the effectiveness of QE can hold up. Clearly, it is not really doing anything to help GROW the real economy (or else we wouldn't have needed QE3, QE4, and now QE infinity), but simply keeps it in place more or less. If and when the stock markets begin not to respond to QE is when there's a problem, because that will mean there is absolutely nothing left to prevent a collapse. The Fed knows this too, so they are caught between trying to save face and trying to prevent a depression.
    Oct 18 11:56 AM | 1 Like Like |Link to Comment
  • Google tops $1,000 following Q3 beat; peers rally in sympathy [View news story]
    Google needs to effectively double their revenues to get the PE back in line. Huge company with a PE near 30 is hard to maintain - like Apple about a year ago (they were only around 25).

    However, there are definitely some bubbles - Netflix PE 415, Chipotle PE 50, Tesla PE infinity, Amazon PE infinity. Even GE with a PE of 18 is a little rich for them with profit dropping from a year ago.

    So, Google could drop 30% to 40% if earnings do not rapidly improve and the outlook for future growth slows a little.
    Oct 18 11:43 AM | 4 Likes Like |Link to Comment
  • Debt Deal Changed Everything And Nothing [View article]
    No consequences you say? Then why not increase the debt ceiling to $100 trillion, have the Fed print another $83 Trillion, and the government can buy us all vacation houses and BMWs? Why stop at health insurance and cellphones?
    Oct 18 01:03 AM | Likes Like |Link to Comment
  • How I Learned To Stop Worrying And Love The Bomb Debt And Associated QEternity [View article]
    You know, I think you're right. This weekend I'm going to buy another FN SCAR (about $2500, or 25 barrels of oil). Someday in the not too distant future, maybe after another 10 to 12 Trillion of QE, and the Republicans losing another six or eight debt ceiling increase battles, and the national debt nearing $30 Trillion, maybe I'll sell it. Say it loses a little value from being used, maybe 20%. So now it's worth 20 barrels of oil - or probably somewhere in the $6000 to $8000 range. It's all good.
    Oct 18 12:52 AM | Likes Like |Link to Comment
  • How I Learned To Stop Worrying And Love The Bomb Debt And Associated QEternity [View article]
    "Buy stocks now or be priced out forever!"

    Oops, that's what they said in early 2006 about housing. Never mind.
    Oct 18 12:37 AM | 2 Likes Like |Link to Comment
  • Debt Deal Changed Everything And Nothing [View article]
    Business uncertainty?

    From the recent Fed Beige Book, a great deal of that is due to Obamacare. How do we get rid of the problems Obamacare is causing; the investment and recovery it is preventing?
    Oct 17 07:38 PM | Likes Like |Link to Comment
  • Markets Pop On Weak Dollar Events [View article]
    "The Fed desperately wants to back away from its non-traditional forms of monetary stimulus (QE)"

    Wrong.

    The Fed wants the general public (and wealth managers like yourself) to THINK that they "desperately want" to back away from QE, while actually they plan to maintain and probably increase QE to paper over the continually deteriorating real economy.

    This slight-of-hand ("wanting" one thing, doing another) will prevent the mass panic that an open admission of debt monetization would cause, but don't be fooled - that's exactly what they are doing.

    Mr. Ciovacco, you've been had by the Fed. You'll be writing this same article a year from now when the Fed has been making excuses over and over for why they can't taper, even though they "really want to".
    Oct 17 04:53 PM | Likes Like |Link to Comment
  • Is A Large Wealth Grab On The Way? [View article]
    Can't happen here. Well, at least I think it cant.

    The Fifth Amendment "takings clause" requires "just compensation" for property taken by the government for public use (paying down public debt surely qualifies). But what is just compensation for one million dollars pulled from a bank account? One million dollars!

    Now, given the recent biases in the government's favor in almost all interactions with the public (Obamacare "tax" on IN-activity), it is possible that some court may rule that THIS particular taking is not a "taking", but rather a tax on past income or something.

    However, court precedent would be hard to overcome:

    From Wikipedia:

    The last two words of the amendment promise "just compensation" for takings by the government. In United States v. 50 Acres of Land (1984), the Supreme Court wrote that "The Court has repeatedly held that just compensation normally is to be measured by "the market value of the property at the time of the taking contemporaneously paid in money." Olson v. United States, 292 U.S. 246 (1934) ... Deviation from this measure of just compensation has been required only "when market value has been too difficult to find, or when its application would result in manifest injustice to owner or public." United States v. Commodities Trading Corp., 339 U.S. 121, 123 (1950).
    Oct 17 04:32 PM | 2 Likes Like |Link to Comment
  • The Scariest Thing I've Ever Read About A Bank [View article]
    When the patient stops responding to treatment, the doctors start recommending you think about getting your affairs in order.
    Oct 17 03:24 PM | 6 Likes Like |Link to Comment
  • Stocks And QE: All Things Must Pass [View article]
    "i wonder how many of todays buyers have forgotten 2000 and 07."

    Wall Street = 99.9%

    Main Street that was around for 2000 and 2007 = 90%
    Oct 17 03:20 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
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