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Buddy Canuspare

Buddy Canuspare
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  • Rail Traffic Continues To Soften [View article]
    I have noticed an increase in heavy truck traffic during my morning commute over the last few weeks.
    May 16 10:48 PM | Likes Like |Link to Comment
  • Forget The Jobless Recovery, Get Ready For The Full-Employed Recession [View article]
    Southgent,
    Again, I recommend convoluted's comment. There are 3 million job openings for skilled employees younger than 50 willing to work cheap that cannot be filled due to a lack of people with skills, in the desired age bracket, willing to work cheap. Thus the pressure on the government from corporate employers to increase the number of H-1(b) visas available.
    May 7 08:17 PM | 2 Likes Like |Link to Comment
  • Forget The Jobless Recovery, Get Ready For The Full-Employed Recession [View article]
    So, what do you recommend, given convoluted's comment: "A corporate attorney in Atlanta told me just the other day that companies are doing everything they can to shed the older guys, and avoid age discrimination law suits..."
    May 7 08:07 PM | 2 Likes Like |Link to Comment
  • The Currency Impact: No Gold Crash In Japan [View article]
    It means that the dollar strengthened against the yen, when each is compared to gold (why - did the USA suddenly cure its trade imbalance with Japan?). If you were buying gold with yen, you could buy a little more than you could previously, but not a lot more. If you were buying gold with dollars, you could buy a lot more than you could previously.
    The author states, " All other factors being equal, gold will trend higher on a weaker dollar." Given that gold has trended lower for more than a year and a half, that would imply a stronger dollar, despite whatever the Fed might've done during those 19 months or before.
    Apr 24 12:05 AM | Likes Like |Link to Comment
  • Flying High On Borrowed Wings [View article]
    AgAuMoney,
    "...huge new sources of silver..."
    What was the economic impact of that?
    Apr 7 03:23 PM | Likes Like |Link to Comment
  • Flying High On Borrowed Wings [View article]
    Freddy,
    Look back to the panics of the 19th century, under the gold standard and before the formation of the Federal Reserve. Economic utopia, right?
    When I read the history of the predecessors of the American Locomotive Company - in this case the Rhode Island Locomotive Works - "the financial panic of 1893 idled it for several years" - I have to ask myself, "Several years? Years?? Is this a good result?" I doubt the employees at the time thought it was a good result. Now, what do you think the political reality was for the government of the time? We know what that reality became - Teddy Roosevelt, trust-busting and the lead-in to the Fed - the end of the laissez-faire dream.
    Apr 6 06:24 PM | Likes Like |Link to Comment
  • Flying High On Borrowed Wings [View article]
    EK1949, meet Cranky. Cranky, meet EK1949.
    Now, the two of you settle it.
    Apr 3 08:49 PM | 1 Like Like |Link to Comment
  • Flying High On Borrowed Wings [View article]
    Worse than Paul Krugman?
    Apr 2 11:28 PM | 4 Likes Like |Link to Comment
  • Business and union leaders have reached an agreement on pay levels for a guest worker program for low-skilled temporary jobs, thereby clearing the way for a bipartisan group of senators to introduce legislation that would allow 11M illegal immigrants to eventually gain citizenship. "This issue has always been the deal breaker on immigration reform, but not this time," said Senator Charles Schumer. [View news story]
    jhooper,
    I see your maps. So when is AAPL moving to Mississippi?
    Apr 2 11:12 PM | Likes Like |Link to Comment
  • Business and union leaders have reached an agreement on pay levels for a guest worker program for low-skilled temporary jobs, thereby clearing the way for a bipartisan group of senators to introduce legislation that would allow 11M illegal immigrants to eventually gain citizenship. "This issue has always been the deal breaker on immigration reform, but not this time," said Senator Charles Schumer. [View news story]
    JohnB,
    Do you wonder why Wall Street's still in Manhattan rather than Biloxi? Or why AAPL's still in Mountain View rather than Montgomery or Memphis, and yet seems to survive somehow? Or why Amazon, which could set up shop anywhere, set up shop in a high-tax city like Seattle?
    Explain to me why high-tax, high-public service cities such as these are prospering.
    Apr 1 11:17 PM | 1 Like Like |Link to Comment
  • Business and union leaders have reached an agreement on pay levels for a guest worker program for low-skilled temporary jobs, thereby clearing the way for a bipartisan group of senators to introduce legislation that would allow 11M illegal immigrants to eventually gain citizenship. "This issue has always been the deal breaker on immigration reform, but not this time," said Senator Charles Schumer. [View news story]
    "Immigrants haven't voted Republican since the Civil War, so why the GOP has so many open-borders members is beyond me."
    The answer is simple: Cheap imports. Been that way since before the Civil War. Planters relied on cheap imports of goods and slave labor (This became an impediment as the Confederacy had neither the means to manufacture nor the means to transport war materiel). Note that the GOP today is strongest in the old Confederacy.
    Mar 31 08:33 PM | Likes Like |Link to Comment
  • Exxon Mobil (XOM) now says 12,500 barrels of oil and water have been recovered from a pipeline that ruptured Friday in Arkansas. Predictably, the spill has turned into political fodder for opponents of the Keystone XL Pipeline. Massachusetts Democrat Ed Markey says the Arkansas spill demonstrates "that transporting large amounts of this corrosive and polluting fuel is a bad deal for American taxpayers." [View news story]
    HP,
    But what about those cheap iPhones?? We've got to have cheap toys from China! Who cares about environmental damage (or child labor for that matter) when set against how much an American-made iPhone would cost! After all, as another comment mentioned, even $0.01 per gallon - or $1.00 per iPhone - adds up.
    Mar 31 08:15 PM | Likes Like |Link to Comment
  • Business and union leaders have reached an agreement on pay levels for a guest worker program for low-skilled temporary jobs, thereby clearing the way for a bipartisan group of senators to introduce legislation that would allow 11M illegal immigrants to eventually gain citizenship. "This issue has always been the deal breaker on immigration reform, but not this time," said Senator Charles Schumer. [View news story]
    Cheap labor, paid in cash, off the books. No minimum wage, no paid benefits or taxes. Just what the doctor ordered for a sick business.
    Mar 31 07:53 PM | 2 Likes Like |Link to Comment
  • Is The Dow Doing A Blow-Off Top? [View article]
    Bornagain,
    I disagree completely. Those at the top have shown that it's clever financial engineering, not hard work, that produces prosperity. I think it's fair to say that neither Lloyd Blankfein, nor Jamie Dimon, nor Bill Gross, nor Larry Fink has dug a ditch, spudded a well nor hoisted an anchor in a very long time - yet will you deny that they're improbably prosperous? How many real goods have they produced? How well did producing real goods work for Rick Waggoner at (the old) GM?
    The hard work jobs have been outsourced, or will be shortly. This is the FIRE economy now - invest accordingly!
    Mar 5 09:18 PM | Likes Like |Link to Comment
  • "If capitalism is America’s biggest problem, why save it?" asks MarketWatch's Paul Farrell. "Wall Street, Corporate America, Big Oil and the entire economy been transformed into a bizarre circus Adam Smith would never recognize. Capitalism is now an out-of-control Frankenstein monster that changed everything." Not that Farrell provides any alternatives. [View news story]
    Brian27,
    If Obama really is America's biggest problem, then why are we getting our butts kicked by the BRICs, especially China, that are all deeply socialist? Is India outsourcing call center jobs to the USA? If not, why not, given how socialistic India is? Why aren't American tire companies shipping tires to China instead of the other way around, given that China's a Communist dictatorship?
    Feb 25 09:04 PM | Likes Like |Link to Comment
COMMENTS STATS
398 Comments
320 Likes