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Buddy Canuspare

Buddy Canuspare
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  • Why the Next Recovery Will Be Better [View article]
    Location, location, location. Not every housing market is NYC, San Francisco or Vancouver. What is another 10% fall going to do to housing markets like Buffalo, Youngstown, Cleveland or Detroit? Prices in some of these markets are already near zero. Sooner or later a buyer or two will recognize that they can buy mansions in these markets for the price of shacks in Vancouver.
    Jul 23, 2010. 10:19 PM | 1 Like Like |Link to Comment
  • Why the Next Recovery Will Be Better [View article]
    I'm not convinced that the average schlub-in-the-street is going to feel that much of an effect from the expiration of these tax cuts - his income is down and he's not paying that much in taxes as it is.
    Jul 23, 2010. 10:10 PM | 2 Likes Like |Link to Comment
  • The U.S. Business Engine Cannot Be Held Back [View article]
    Since when has that not been the case?
    Jul 18, 2010. 01:28 AM | Likes Like |Link to Comment
  • The U.S. Business Engine Cannot Be Held Back [View article]
    Yeah, it smells bad and it makes you sick - but it's so darned cheap!!!! And against cheap, those other concerns pale into insignificance.
    Jul 18, 2010. 01:25 AM | Likes Like |Link to Comment
  • Prechter's 'Dow 1000' Prediction: Nonsensical [View article]
    But what possibility of seeing Dow 13,000 again are you willing to contemplate?
    Jul 15, 2010. 09:04 PM | Likes Like |Link to Comment
  • Employment Picture Is Getting Bleaker [View article]
    Got a better suggestion?
    Jul 13, 2010. 12:49 AM | Likes Like |Link to Comment
  • Prechter's 'Dow 1000' Prediction: Nonsensical [View article]
    "I prefer to think in terms of two, five, or even ten-sigma events. Like winning the lottery, except in reverse. Of course none of us think that the "nightmare scenario" will play out, it's a low probability event. But..."
    Must you also then consider the possibility of the US economy "winning the lottery, except NOT in reverse?" Of course, none of us think that the "nightmare scenario" - nightmare for Prechter and his followers, that is - will play out, it's a low probability event. But...? Especially if it happens suddenly? Have you considered the possibility of a bullish Black Swan?
    Jul 13, 2010. 12:12 AM | 1 Like Like |Link to Comment
  • Employment Picture Is Getting Bleaker [View article]
    Imagine businesses small and large, all over the country, cutting their way to profit in the face of implacably slack demand. Once the cutting is done, do you anticipate that'll increase demand?
    Jul 12, 2010. 01:57 AM | 7 Likes Like |Link to Comment
  • Prechter's 'Dow 1000' Prediction: Nonsensical [View article]
    DigDeep:
    When responding to pig:
    "BRIC won't be spared asset value declines "
    did you overlook aarc's comment?
    "Chances are: China, India, Germany, Brazil, Russia and possibly Japan will spearhead the next multi-decade "growth-oriented" rally as they try to become more economically powerful."
    So, will BRIC spearhead the rally or will they decline?
    Jul 12, 2010. 01:44 AM | 1 Like Like |Link to Comment
  • Rail Freight Container Volumes Hit Sixth Highest Level Ever [View article]
    I see elsewhere on these pages today that US domestic airlines are reporting year-to-year passenger loading increases. To me, this adds support to the argument for stabilization.
    Jul 10, 2010. 02:02 AM | 2 Likes Like |Link to Comment
  • Commercial Real Estate Loans – Extend and Pretend [View article]
    I'm surprised and disappointed at what I see as a double standard here. If a home mortgage borrower finds himself unable to make his real estate payments, we blame the borrower for his profligacy - with moral outrage galore. But if a commercial borrower finds himself unable to make his real estate payments, we blame the lender for making garbage loans on BS valuations! Might the lender bear some responsibility for the home owner's failure as well? Might not the commercial borrower deserve a touch of moral outrage?
    Jul 10, 2010. 01:06 AM | 5 Likes Like |Link to Comment
  • The Failure of Capitalists to Act Like Capitalists [View article]
    No, one of the advantages of putting freedom of speech before political correctness.
    Jul 10, 2010. 12:42 AM | Likes Like |Link to Comment
  • Andy Grove Wants a Trade War: Dangerous Protectionism [View article]
    This is from the Republican platform...of 1860:
    12. That, while providing revenue for the support of the General Government by duties upon imports, sound policy requires such an adjustment of these imposts as to encourage the development of the industrial interest of the whole country; and we commend that policy of national exchanges which secures to the working men liberal wages, to agriculture renumerative prices, to mechanics and manufactures an adequate reward for their skill, labor, and enterprise, and to the nation commercial prosperity and independence.

    eweb.furman.edu/~benson/docs/repplat6...

    I wonder if the Republican platform of 2012 will contain anything similar.
    Jul 10, 2010. 12:17 AM | 1 Like Like |Link to Comment
  • The Failure of Capitalists to Act Like Capitalists [View article]
    At least we can still tell ethnic jokes on the south side of the border without the Mounties frowning over our shoulders.
    Jul 7, 2010. 11:20 PM | 1 Like Like |Link to Comment
  • Paul Krugman vs. Niall Ferguson: You Decide [View article]
    As far as I can see, the stimulus went primarily toward keeping state and local government employees in their jobs. If this contributed in some way to maintaining tax receipts to state and local governments from those employees, keeping them from foreclosure and fixing a few potholes in the process, then it wasn't all bad, IMHO. The bailouts, as has been explained elsewhere on these pages, were money taken from another pocket as opposed to being part of the stimulus package, and, as I have also seen explained elsewhere on these pages have, to a certain extent, also been repaid. And, yes, I might be more amenable to your argument if interest rates were going up verily as we speak, but they're not - and they should've been by now, right?
    "The government CAN'T grow the economy through bailouts and extending unemployment." But... "We can wait and see what austerity does to Ireland (doesn't look good)..." Will austerity measures increase unemployment, worsen the lot of the already-unemployed, and reduce tax receipts to federal, state and local governments? How will the government repay more with less money coming in?
    Jul 7, 2010. 09:36 PM | Likes Like |Link to Comment
COMMENTS STATS
399 Comments
320 Likes