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Buddy Canuspare

Buddy Canuspare
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  • The WSJ looks at the contrasting approaches of Virginia and Maryland to tax and spending. The latter's governor, Martin O'Malley, touts his "investment" for its results in education, except that Maryland is losing jobs and rich residents, and often runs out of money. Virginia's unemployment is lower and Governor Bob McDonnell has turned a $6B deficit into a $1B surplus. [View news story]
    Davidbdc:
    Soldiers, sailors and airmen are government employees. Double their taxes as well? How 'bout taxing their pensions and removing their PX priveleges after they retire?
    Aug 26 07:15 PM | 3 Likes Like |Link to Comment
  • Returning The Dollar To The Gold Standard Is A Really Bad Idea [View article]
    Whitesands;
    So, is silver gold?
    Aug 24 09:22 PM | Likes Like |Link to Comment
  • The NYT's Catherine Rampell investigates whether the recovery really is the worst since the Great Depression and finds that on almost every measure she looked at, "there was at least one previous (completed) recovery that performed worse." However, improvements across different metrics are way below the average. [View news story]
    "... those idiot bureaucrats aren't going to create a single private sector job that they or their children might earn a living at...."
    Careful about that, if they or their children work for Lockheed Martin, or Northrop Grumman or General Dynamics. They're about to find out how secre their jobs are when the bureaucrats turn off the taps.
    Aug 13 01:00 AM | 1 Like Like |Link to Comment
  • The NYT's Catherine Rampell investigates whether the recovery really is the worst since the Great Depression and finds that on almost every measure she looked at, "there was at least one previous (completed) recovery that performed worse." However, improvements across different metrics are way below the average. [View news story]
    How many of those highly industrious workers of Asia and the developing world live and work under the enervating ideology of socialism/communism?
    China? Check.
    India? Check.
    Brazil? Check.
    South Africa? Check.
    Zimbabwe? Of course.
    Russia? Almost as bad as the bad old days.
    So if it's so enervating, when will the enervation kick in?
    Aug 13 12:49 AM | Likes Like |Link to Comment
  • Why Gold Is Going To $10,000: Q&A With Nick Barisheff [View article]
    Sure hope so. I bought silver about a year ago and I would've been better off holding my fiat. PMs always, always, always go up against fiat - except when they don't.
    Aug 5 10:45 PM | 1 Like Like |Link to Comment
  • The NYT shines a light on a nice little racket that doctors have got going in some states, where they're allowed to dispense drugs to patients at massive markups. E.g. heartburn pill Zantac costs 35 cents a pop in a drug store but $3.25 in a surgery. It's costing taxpayers, insurance companies and employers hundreds of millions a year.  [View news story]
    pjsburk wrote: "Time and again capitalism & free markets have proven to be the most efficient way to deliver any goods or services."

    Deliver, perhaps - as long as that delivery doesn't involve a Hino or Mitsubishi Fuso truck carrying goods unloaded from an Airbus or a Hyundai container. Where was your TV made? Your smartphone? Your shoes? All socialist countries, right? Do you think that the doctor's back-office work was outsourced to Baltimore or Bangalore? Why did they go to Bangalore, given that India's government regulations are at least as burdensome as the USAs? India is a socialist country, after all.
    Jul 12 09:22 PM | Likes Like |Link to Comment
  • Although joblessness amongst the young has grabbed much attention, just as significant are the 3.5M+ middle-aged unemployed, 39% of whom have been without work for at least a year. The rate is unprecedented in modern U.S. history. "Even when you do return to work, it's a much worse job than before you were laid off," says Economist Sewin Chan. (See also)  [View news story]
    But what have they done for me lately?
    Lexus still on top: http://bit.ly/KWCPCE
    Jun 25 01:02 AM | Likes Like |Link to Comment
  • Although joblessness amongst the young has grabbed much attention, just as significant are the 3.5M+ middle-aged unemployed, 39% of whom have been without work for at least a year. The rate is unprecedented in modern U.S. history. "Even when you do return to work, it's a much worse job than before you were laid off," says Economist Sewin Chan. (See also)  [View news story]
    " honing skills to perfection..."
    Indeed. Those skills were expensively bought, by the worker, the employer and the nation. Discarding them is a form of economic waste. Toyota would never put up with such waste, but of course Toyota's not an American company.
    Jun 25 12:19 AM | 1 Like Like |Link to Comment
  • Although joblessness amongst the young has grabbed much attention, just as significant are the 3.5M+ middle-aged unemployed, 39% of whom have been without work for at least a year. The rate is unprecedented in modern U.S. history. "Even when you do return to work, it's a much worse job than before you were laid off," says Economist Sewin Chan. (See also)  [View news story]
    And they're also willing to work cheaper, don't forget that.
    Jun 25 12:14 AM | Likes Like |Link to Comment
  • Consumers may enjoy the extra $10 or $20 in their pockets thanks to falling gasoline prices, but the slide in crude oil and other commodities is nothing to celebrate. It's a reaction to slowing economies, which makes for an odd leap of logic when one tries to argue that falling commodity prices will help boost those same economies. Does saving a few bucks at the gas pump really make you any richer?  [View news story]
    Kyle, if you don't want the extra $20/week, you can always send it to me.
    Jun 23 11:35 PM | 3 Likes Like |Link to Comment
  • Consumers may enjoy the extra $10 or $20 in their pockets thanks to falling gasoline prices, but the slide in crude oil and other commodities is nothing to celebrate. It's a reaction to slowing economies, which makes for an odd leap of logic when one tries to argue that falling commodity prices will help boost those same economies. Does saving a few bucks at the gas pump really make you any richer?  [View news story]
    Ananthan,
    A slowing global economy or an increase in supply? If the frackers in the Bakken keep finding more oil, what happens to your analysis? Can your finances withstand a delay in that retrace move?
    Jun 23 11:27 PM | Likes Like |Link to Comment
  • Joe Sixpack's Recession - The Sequel [View article]
    Is it worthwhile, then, to stay in business?
    Jun 23 04:44 PM | Likes Like |Link to Comment
  • Don't look now, but MarketWatch's Rex Nutting says the U.S. debt load is getting better, not worse. It was excessive debt - both private and public - that caused the 2008 financial meltdown. Years later we're still de-leveraging, but it's not as bad as it seems. In the 11 quarters since the recession officially ended, total domestic debt rose by $702B - just 1.4%. By contrast, in the 11 quarters before the recession began, those bubble years of 2005 - 2007, total debt increased by $10.7T - or 28%.  [View news story]
    So, we line up everyone over 65 and shoot every tenth one of them (decimation) until the unfunded Social Security, Medicare and gubmint worker pension obligations go away. Easy peasy!
    Jun 8 10:03 PM | 3 Likes Like |Link to Comment
  • Who's Benefiting Most From The Recent Stock Sell-Off? [View article]
    So, stagflation is a non-starter?
    Jun 3 08:38 PM | Likes Like |Link to Comment
  • Accompanying Laffer's and Moore's thesis about taxes and migration in the WSJ is an interview with demographer Joel Kotkin about California, which has lost nearly 4M people in 20 years. Kotkin blames high taxes, real-estate prices - due to restrictions - and energy costs, due to green policies that also preclude the development of 25B barrels of shale oil.  [View news story]
    HH
    Low corporate taxes.
    Apr 24 12:41 AM | Likes Like |Link to Comment
COMMENTS STATS
398 Comments
320 Likes