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cszkalak

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  • Berkeley's Laura Tyson is worried that if the workforce doesn't keep up with technology, wage inequality will widen further, structural unemployment will increase, and America will be less competitive. More must be invested in training and education, but projected cuts at all levels of government threaten the relevant programs.  [View news story]
    The US started forced busing of students after a Supreme Court decision in 1954. Over 50 years. Educational achievement since that time has consistently declined to a point where nearly half of high school students in black and Latino areas drop out before graduation. White achievement is only a little better. We are nearing the Fed goal of the lowest common denominator: can’t read, can’t write or do simple arithmetic, equally dumb, totally unprepared for the employment needs of the 21st century. Those that graduate are very poorly prepared for the real world. We see the same trend in colleges where majors in “soft” studies with $50,000 in student debt are barely prepared for a job at McDonalds on the night shift; class of 2012 50% unemployed. The short answer to the problem in education is government. Everything run by the Fed is broken: energy, transportation, education, Amtrack, post office, social security, health care; the list is endless. The solution offered by the “politically correct, deep thinkers” like Tyson is to do more of what has proven not to work. Obama also has an answer in his “Julia” reelection slogan, let the government do it for you - bankrupt ideas.
    May 6, 2012. 08:33 PM | 6 Likes Like |Link to Comment
  • Bernanke Does Not Understand The Depth Of His Powers [View article]
    The Fed and therefore BB are a political tool for a self-serving, incompetent administration catering to the too big to fail crowd. BB works for Obama and the BIG banks, NOT the American people.
    Apr 19, 2012. 09:17 AM | 6 Likes Like |Link to Comment
  • Krugman, Lack Of Demand, Lack Of Jobs And The Future Of America [View article]
    The problem is that one hundred senators, 435 congressmen, one President, equates to 536 self-serving, corrupt sociopaths who are directly, legally, morally, and individually responsible for the domestic problems that plague this country. They support the Banksters. May they all end up accountable like Mubarak!
    May 12, 2012. 11:43 AM | 5 Likes Like |Link to Comment
  • President Obama's anti-drilling argument uses false statistics, argues CNBC's Larry Kudlow. The president argues that America uses over 20% of the world’s oil, but has only 2% of the world’s known oil reserves. Patently untrue, says Kudlow. The U.S. has 1.4T barrels of recoverable oil, which is enough to meet all U.S. oil needs for about the next 200 years, without any imports.  [View news story]
    Only an idiot would build or subsidize a chevy volt. Proves that the criminally incompetents in the White House and Congress rather send $ to Saudi then either spend it at home or buy oil from Canada.
    Mar 16, 2012. 09:13 PM | 5 Likes Like |Link to Comment
  • Faith in the Markets? It's All in the Numbers [View article]
    During the last FY the "too big to fail" banks earned 51 Billion dollars, of which 59 billions came from market speculation with taxpayer dollars provided by comrade Obama and the corrupt congress. The small banks are generally losing money. This is the most manipulated stock market in history. So "fundamentals" in a crooked game is an oxymoron.
    Sep 3, 2010. 10:53 AM | 4 Likes Like |Link to Comment
  • Alcoa Surges Past Estimates [View article]
    AA simply proved that the experts are full of shi*
    Apr 10, 2012. 10:14 PM | 3 Likes Like |Link to Comment
  • Concerned banks are cutting back on credit approvals first and asking questions later, the FHFA is set to detail exactly what mortgage flaws would trigger a putback request. The story dovetails with an earlier one about the FOMC wondering what good are low interest rates if only a sliver of the population can take advantage? A trend is officially underway.  [View news story]
    The Fed is perfectly rational, the goal is to: (1) serve the interest of their shareholders, the big banks and (2) get Obama re-elected so they can continue the rape of the taxpayers. Once these goal are understood, everything the Fed does makes perfect sense.
    Jun 19, 2012. 03:39 PM | 2 Likes Like |Link to Comment
  • It's All About The Elections [View article]
    It is all about the US election.
    Jun 15, 2012. 10:06 AM | 2 Likes Like |Link to Comment
  • A Lehman-Like Market Collapse Might Be In The Works [View article]
    " Furthermore, the Fed risks its credibility if it stimulates so close to a presidential election"

    Surely the author jokes. Fed and credibility is an oxymoron. Benny the Beard will journey to the Obama mountain to receive re-election enlightenment - print Benny, print....
    Jun 1, 2012. 09:12 AM | 2 Likes Like |Link to Comment
  • Berkeley's Laura Tyson is worried that if the workforce doesn't keep up with technology, wage inequality will widen further, structural unemployment will increase, and America will be less competitive. More must be invested in training and education, but projected cuts at all levels of government threaten the relevant programs.  [View news story]
    Thank you for your comment.

    Insanity defined as: doing the same thing over and over, expecting a different result. Liberals like Tyson are not stupid people but they have no record of positive national achievement. Playing the "fairness - victimhood" and "race" cards combined with "we are the government, and we will take care of you" is all they have. I believe these ideas deeply undermine the values that made America great: initiative, responsibility, self-reliance, respect for self, respect for others, family, community, country…..
    May 7, 2012. 11:21 PM | 2 Likes Like |Link to Comment
  • "When I see Goldman Sachs (GS) pull back risk that much that quickly, I get a little anxious about what could be around the corner," says Nomura's Glenn Schorr. Goldman's "value at risk" (VAR) fell to its lowest level since before the financial crisis, it reported yesterday - this despite Q1's rally in risk assets.  [View news story]
    The lying, cheating, stealing by our self-serving Washington politicians and money printing by the Fed is never ending. They simply can not stop and stay in power. The current plan will keep spinning until it all gets out of control and blow up. The politicians will end up swinging like Mubarak and Qadaffi.
    Apr 18, 2012. 02:12 PM | 2 Likes Like |Link to Comment
  • Krugman, Lack Of Demand, Lack Of Jobs And The Future Of America [View article]
    Fed Gov monthly spending 300 Billion. All Fed tax receipts 200 Billion. Obama deficit 1.2 TRILLION per year and rising. Social spending and corruption accelerating as tax collections decrease. All systems operated by the Fed Gov are dysfunctional or broken. The Fed will run out of options, so they will PRINT. Hyperinflation and chaos will follow. Small businesses, savers, seniors are destroyed. Food becomes money - can't print it. Fed Gov collapses as US burns. We can only hope that 536 criminally incompetents from Washington DC will end up like Mubarak of Egypt. There is ample precedent for this scenario and history rhymes
    May 19, 2012. 11:02 AM | 1 Like Like |Link to Comment
  • Faith in the Markets? It's All in the Numbers [View article]
    Thanks to all - I learn a lot here. Please think on this:

    Six Giant Banks Made $51 Billion in 2009. The Next 980 Big Banks Lost Money. The Small Banks Are Suffering.

    An oligopoly of Goldman, BofA, JPMorgan, Morgan Stanley, Citi and Wells Fargo is flourishing. This is a shocking Wall Street reality: The top six bank holding companies earned an aggregate of $51 billion in pretax income in 2009. All of this pretax income can be attributed to their trading revenues of $59.7 billion. The proprietary trading operations of an oligopoly of banks, saved from disaster by Uncle Sam's crooked bank subsidy with cheap money from the central bank, was the single driving force behind the restoration of their fortunes and the surge in their stock prices. Now we know what makes markets go up.
    Sep 5, 2010. 08:35 AM | 1 Like Like |Link to Comment
  • Economy's Down; Market's Up - How Can That Be? [View article]
    In late 2009 and 2010 the markets were mostly driven by news being better than expectations, plus the momentum that resulted from this. Expectations were generally irrational and the news was heavily managed by insiders and Obama’s treasury mandarins. There is strong evidence that markets were not driven by rational decision making. Nobody can predict the outcome of this financial meltdown caused by criminally incompetent politicians and crooked financial insiders. Value as a market driver was completely disregarded. The markets were heavily driven by sovereign monetary policy. With the Fed providing billions of free money to the big speculators, Wall Street was a buyer and the big banks made all of their profits from market speculation and not from lending. If the US Treasury gave you a trillion dollars at zero interest, where would you put it if nobody wanted to borrow it from you?
    Aug 7, 2010. 09:19 AM | 1 Like Like |Link to Comment
  • Markets are killing the chance for QE3 by frontrunning the action (continually bouncing on hope of Fed action). The "liquidity put" will only get triggered at substantially lower levels, says Citi's Mohammed Apabhai. He sees 1,285 in the S&P as a key technical level (S&P is currently 1,325) and additional QE coming only if the market were to decline 12% from here.  [View news story]
    The timing has a lot to do with the outcome of a rain-dance. The election in November may be the most significant Fed datapoint. Ben the Beard will want a positive 401K experience before the worker bees go to the polls.
    Jun 22, 2012. 09:20 AM | Likes Like |Link to Comment
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