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  • The Markets Still Love Bernanke  [View article]
    If Ben would let me borrow a gazillion at 0% and walk across the street to loan the government at 3% with no risk, I would love him too. But folks this game has been rigged since 1913. JPM & Cronies set the rules after 1907.
    Jun 9, 2010. 07:47 PM | Likes Like |Link to Comment
  • Time to Be a Contrarian  [View article]
    Except for the momentum investor and Cramer, we are all contrarian.
    Jun 5, 2010. 01:34 PM | Likes Like |Link to Comment
  • Private Sector Job Growth Anemic  [View article]
    My biggest concern from the employment data was the drop in construction hiring. This number should be rising at this point in the calendar year. Two points about this sector currently concern me. One, stimulus spending had little effect going forward. Two, what does this tell us about the housing recovery going forward?
    Jun 5, 2010. 10:36 AM | 1 Like Like |Link to Comment
  • Time to Be a Contrarian  [View article]
    You state that interest rates will stay low for a long period of time. Fund inflows at this time favor bond funds over equity funds by a large margin. If the contrarian style of investing dominated the market going forward, the market will short bonds and go long equities. Interest rates will rise, not fall, to attract the investment dollar for debt.
    Jun 5, 2010. 10:17 AM | 2 Likes Like |Link to Comment
  • What HP's Layoff Announcement Says About Future Job Growth  [View article]
    You stated a growth of 7.4 million jobs from 1999 - 2007. How does this compare to population growth for the same period? Are we keeping up with population growth or falling behind?
    Jun 5, 2010. 09:55 AM | 1 Like Like |Link to Comment
  • How Job Creation Actually Totaled 787,000  [View article]
    the M3 falling off a cliff is precisely my concern for the rise in wages. The two moving in opposite directions are not consistant. Especially with today's jobs report on private hiring.
    Jun 4, 2010. 11:37 PM | 7 Likes Like |Link to Comment
  • How Job Creation Actually Totaled 787,000  [View article]
    All the talk about deflation and wages up at a 5.33% clip. Something seems amiss.
    Jun 4, 2010. 07:29 PM | 8 Likes Like |Link to Comment
  • The World Goes Middle Class, vs. the Case for Less  [View article]
    I am not sure of the direction of your arguments and what you advocate. I agree with what has been written about higher ethics in our business dealings. But this has to come from individuals in how they deal with other members of their societies. Ethics and morals are not subjects that can be legislated. It comes from moral sentiment. What makes us happy. Is it just to accumalate all the wealth we can no matter how we obtain that wealth? I don't think so. Happiness comes in how we deal with others. If I help you, it makes me feel good. Just because I beleive that my society is better served when I act out on my "self interest", does not make me selfish. Are you advocating more government control? Do advocate a more Marxist style of society control? When we move towards this direction, low productivity always follows. Do you think fraud, greed, and deceit will somehow leave the human soul? No matter the economical model, man will always want to act in his self interest. That self interest may be to do as little as possible, and let the rest of society take care of me from cradle to grave.
    Jun 3, 2010. 08:07 PM | Likes Like |Link to Comment
  • 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