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Buddy Canuspare

Buddy Canuspare
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  • Sell in November and Go Away? [View article]
    George W will be blamed forever, just like Richard Nixon.
    Oct 17, 2010. 07:17 PM | 9 Likes Like |Link to Comment
  • The Ibanez Case and Housing-Market Catastrophe Risk [View article]
    Which parasite - the deadbeat or the bankster?
    Jan 10, 2011. 01:48 AM | 8 Likes Like |Link to Comment
  • Why It's Likely a Correction and Not Another Train Crash [View article]
    ...but that's always been true.
    May 30, 2010. 05:28 PM | 8 Likes 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
  • We need to stop worrying about every little correction in the stock market and more about jobs, says Ken Langone. He says unemployment is higher than the official rate of 8.3% because of the many people who have given up looking. If included, the unemployment rate could be as high as 13%. We have hardcore unemployment in America, Langone says, "What do you do about that?"  [View news story]
    Are you sure? It's working for Germany.
    Mar 6, 2012. 08:11 PM | 5 Likes Like |Link to Comment
  • Why Is Gold Dropping? [View article]
    What has he been right about?
    Jan 1, 2012. 08:01 PM | 5 Likes Like |Link to Comment
  • Higher prices for gasoline and commodities "have not... translated to broad inflation of consumer goods and services," Fed's Dennis Lockhart says, but that belief may be based on dubious government statistics. The best evidence is the companies who try to pass on cost increases to consumers. If they keep doing what they're doing (I, II), the Fed would face a problem with no easy remedy.  [View news story]
    "Rice ended limit up, oil surging with everything else."
    Everything else?? My salary hasn't gone up since 2006. The value of my house in the Detroit suburbs is still in free-fall. Fortunately, the city and county governments have lowered my property taxes proportionately. Out here on the Left Coast, my rent hasn't increased since 2008, and if it does, I've got plenty of alternatives. I don't plan to raise the rent on my Michigan tenant either. I read on this page earlier today that Wal-Mart is putting the screws to its suppliers to make up for poor December sales - good luck to them trying to pass on commodity price increases. And if Wal-Mart isn't taking higher prices, do you think their competitors can?
    Jan 31, 2011. 09:19 PM | 5 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
  • Questioning the Compassion of Unemployment Benefits [View article]
    "The unavoidable fact is that a lot of those that are currently unemployed are going to have to accept jobs that are less then they enjoyed previously," begs the question nobody backing a benefits cutoff seems to want to admit - there aren't enough of those jobs either. There won't be for a long time - nobody knows how long, but we're certainly not talking about days, nor even months. What do the unemployed do in the meantime? Starve? Die in the streets? Do we exile them the way the Irish were exiled in the 1840s? And if we do, do we keep the twelve million or so undocumented aliens we can't seem to get rid of instead?
    Apr 15, 2010. 04:02 AM | 5 Likes Like |Link to Comment
  • Unemployment Claims Data Disappoints [View article]
    Help me out here - tell me what I'm missing:
    If I've been on unemployment for 24 months, and about to drop off the rolls, where am I going to get the capital to start a business? Have banks suddenly started lending? Should I knock over a couple of liquor stores? Fleece Granny (again - hope Granny's not tapped out, too)? And after the business goes under - which at least half do - then what? Move somewhere else? There are six unemployed for every opening, everywhere you look. What did that Depression-era sign say, again? "Unemployed - move on! We have barely enough to take care of our own?"
    I'm sure that if the banks are forced back from mark-to-fantasy to mark-to-market, as they should be, they'll be even more eager to make loans to start marginal small businesses...right? Once they have to recognize all their underwater mortgages, they'll just be begging for more TARPs to cover the holes in their balance sheets - which they'll receive, just like last time.
    What we need is job creation - manufacturing jobs, the kind that create wealth (We don't need yet another pizza stand or yet another mortgage broker). And if to get those jobs, we need to re-insource them via import tariffs and restrictions along with tax law changes, what's wrong with that? Our trade deficit is part of the problem, not part of the solution - let's address it.
    Apr 8, 2010. 05:47 PM | 5 Likes Like |Link to Comment
  • When Should We Aid Detroit? [View article]
    "Why should we give Detroit a penny?"
    For the same reason we gave millions of taxpayer dollars to Chris Christie and Mike Bloomberg who had their hands out after a storm they should've prepared for years ago, perhaps?
    Jul 29, 2013. 09:29 PM | 4 Likes Like |Link to Comment
  • Flying High On Borrowed Wings [View article]
    Worse than Paul Krugman?
    Apr 2, 2013. 11:28 PM | 4 Likes Like |Link to Comment
  • Stock markets have already digested a significant amount of very bad news, so there's no reason to fear an impending collapse, says Marc Faber. A rare turn for the uber-bear, who's know for his dire predictions. "My view is simply: relax." We have major support going back to August 2010, and even if the S&P does manage to drop, the Fed will just step in with another round of quantitative easing.  [View news story]
    Let me guess, you went to private school.
    Jan 19, 2012. 09:19 PM | 4 Likes Like |Link to Comment
  • Paul Krugman is frustrated that policy makers are more worried about reducing the debt than reducing unemployment: "The economy desperately needs a short-run fix. When you’re bleeding profusely from an open wound, you want a doctor who binds that wound up, not a doctor who lectures you on the importance of maintaining a healthy lifestyle as you get older."  [View news story]
    We're actually bleeding from two. The other one is the loss of jobs. Shouldn't the doctor be working on both?
    Aug 12, 2011. 08:17 PM | 4 Likes Like |Link to Comment
  • Europe Playing a Game of Brinkmanship: Investors Should Limit Exposure [View article]
    How does that relate to, for instance, Ireland, where the problem was brought on not by the people themselves, but by the irresponsible excesses of the banks?
    May 30, 2011. 03:56 AM | 4 Likes Like |Link to Comment