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wkl

wkl
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  • The World Goes Middle Class, vs. the Case for Less [View article]
    I agree we should relearn what moral philosophy has taught us about what makes us happy. But don't pick and choose which philosopher you may wish to follow. Adam Smith was also a moral philosopher, and he believed also that societies are best served when the individual is left to their own "Self Interest".
    Jun 2, 2010. 07:31 PM | Likes Like |Link to Comment
  • Data That Indicates U.S. Economy Is Headed for a 2010 Double Dip [View article]
    I am glad you mentioned the anit-growth measures that will be coming out of our states and local communities. Our states and local governments are laden with debt, and no growth in revenue. They are resorting to layoffs, cutting services, and taking on even more debt to operate. Until our state's and cities return to a solid foundation, any recovery will be slow and uneven.
    Jun 2, 2010. 07:09 PM | 3 Likes Like |Link to Comment
  • Governments That Were Once the Solution Are Now the Problem [View article]
    Call the Kremlin, ask how this worked for them.
    May 30, 2010. 10:08 PM | 1 Like Like |Link to Comment
  • Governments That Were Once the Solution Are Now the Problem [View article]
    "Government is not the solution, Government is the problem". I miss you Ronnie
    May 30, 2010. 12:19 PM | 6 Likes Like |Link to Comment
  • Sound Money Article Sure to Be Ignored by the Fed [View article]
    The Fed and the treasury dept. only concern now is to finance the government debt with cheap money.
    May 30, 2010. 12:15 PM | 5 Likes Like |Link to Comment
  • Ray Dalio: Inflation Not Yet Around the Corner [View article]
    Mr. Harrison, I realize the fear of deflation with the downward trend of the M3 money supply. But would you please respond as to where wage inflation starts to become a factor in the equation. The last reading on personal income showed an increase of .5%, which translate to a 6% year over year. And the prior month showed an increase of .3%, or 4% year over year. I realize 2 months of data is too short to show a trend, but I believe wage inflation will be one of the first readings to drive the uptick in inflation.
    May 30, 2010. 12:05 PM | Likes Like |Link to Comment
  • BubbleOmics: 10 Predictions for 2010 Reviewed [View article]
    At the present time the tug of war between equities and treasuries for investment dollars is being won by treasuries. Even with the rise in the US equity market in '09, volumn was light. The inflows into bond funds far outpaced the inflows into equity funds. When the appetite for risk does return, and upside volumn soars, you will see money rushing out treasuries. With the enormous amount of debt that needs to be financed, rates on the 10 & 30 year notes will then soar. Your prediction of 5% on the 10 year and 6% on the 30 year are, by history, quite normal. The US economy will return with solid growth rates, and I for one believe that treasuries will be the most problamatic bubble we have faced yet. Will this happen in the next 12 months? Probably not. But with our debt to GDP at the current level and rising, it will happen. If it does not happen, we are looking at a very stagnant equity market with lower than average returns. Banks will continue to be content on cheap money from the Fed, lend it to the government and make their 3%. And the velocity of money we so desperately need, will continue to be low.
    May 30, 2010. 12:21 AM | Likes Like |Link to Comment
  • Is the Recovery Already Fading? [View article]
    How many new hire's for your company? How many were laid off from the downturn?
    May 29, 2010. 06:51 PM | 1 Like Like |Link to Comment
  • PragCap takes apart David Einhorn's U.S.-is-Greece argument piece by piece, lambasting "inflationistas" who refuse to see that the "price action in markets" makes it clear that there is no inflation and that deflation is the bigger worry. His greatest fear is that "we are talking ourselves into a depression and articles like [Einhorn's] only compound that fear."  [View news story]
    Come again Pragmatic Capitalist with that Multi Billion $ number that the banks are sitting on and not lending. That Multi Billion $ number that will eventually flood the market when lending rates are appealing to them and risks are low. To the inflationist it is not so much the money supply now, but the fear that the Fed will not have the will to tighten or the speed to tighten at the correct time. We have a merry - go - round now, where the Fed lends cheap money to the bank and the bank turns around and lends the money to the governments in the form of treasuries. No risks and a 3% profit. Sure would be nice to get even a 3% interest rate from the bank.
    May 28, 2010. 08:49 PM | 7 Likes Like |Link to Comment
  • Gross: Is It Possible to Get Out of Debt Crisis by Increasing Debt? [View article]
    The answer to the question is yes. Would this not be the same as inflating your way out of debt?
    May 27, 2010. 10:47 PM | Likes Like |Link to Comment
  • Blacklistednews.com poses 25 questions to ask anyone who is "delusional enough" to believe the economic recovery is real. "Shouldn’t we at least wait until the number of Americans filing for bankruptcy is not setting new all-time records before we even dare whisper the words 'economic recovery'?"  [View news story]
    JOBS, JOBS, JOBS, we need jobs. There is no such thing as a jobless recovery. Employment will cure many ills. Until that happens, this is the recovery you get.
    May 26, 2010. 07:37 PM | 3 Likes Like |Link to Comment
  • Is the Recovery Already Fading? [View article]
    Recovery, What recovery? Tell the 9 out of 10 ten workers that lost employment, and are still unemployed about that recovery. I think it is time to stop reporting about a recovery that can be jobless. If there is such a recovery, this is what it looks like. Unsustainable.
    May 25, 2010. 07:37 PM | 10 Likes Like |Link to Comment
  • Don't blame teachers and cops who pull down fat retirement checks for huge and growing unfunded pension liabilities; blame the political process that encourages governments to defer and understate costs, Ed Glaeser says. We need a compensation system "where costs are obvious and where governments pay... at the time the work is done." Otherwise, the whole country could wind up like New York or California.  [View news story]
    And, how about those who retire at 55 and live in retirement more years than worked on the public dole?
    May 25, 2010. 07:24 PM | 14 Likes Like |Link to Comment
  • Correction or worse? Three of WSJ's four "tell" indicators paint a bleak picture for the future.  [View news story]
    GE as a key indicator, and no mention of the sharp decline in Dr. Copper?
    May 23, 2010. 11:53 AM | 1 Like Like |Link to Comment
  • Krugman Laments the Coming Lost Decade [View article]
    I think Morrison was "Plastered In Paris"
    May 22, 2010. 08:20 PM | 3 Likes Like |Link to Comment
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