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  • Avoiding Recession Is All That Matters [View article]
    "Ultimately, the yield on cash will rise significantly, while the yield on other assets will decline as their prices rise.

    All it takes for this to happen is to simply avoid a recession."

    A recession, at some point during the course of what you're describing, will no doubt occur. When it does, risk-takers of all types (particularly those following your mantra, those taking their cues from central banks) will be punished mercilessly. They'll have good cause to feel as though they're victims of entrapment - they, after all, were led into their precarious positions. So then what? What of the so-called "free market" ?
    Jan 31, 2013. 06:22 PM | Likes Like |Link to Comment
  • Why We Won't Mint A Platinum Coin [View article]
    The fact that you were motivated to write this article should be enormously embarassing to all Americans. What a pathetic state of affairs we've created.
    Jan 7, 2013. 05:32 PM | 7 Likes Like |Link to Comment
  • United States 2012 Cash Deficit: Only $1.096 Trillion [View article]
    Sad but True. Our problem isn't the politician, it's the people that put them there. We, the people, are the problem. How anyone, who reads and understands your article, can simply shrug it off and go about their day.... is why we're in this mess.
    Jan 7, 2013. 09:26 AM | 2 Likes Like |Link to Comment
  • 2013 Forecast: Uncertainty Ahead? [View article]
    Paper-thin safety factor on almost all fronts. I can't help but wonder how the U.S. and Global Markets could absorb a Black Swan event.
    Jan 7, 2013. 08:59 AM | 2 Likes Like |Link to Comment
  • Trillion Dollar Coin To Wipe Out U.S. Debt [View article]
    Imagine the security requirements for such a coin. Just 17 of them and it's our entire national debt. Heck, why not mint an even 20 and start the 2nd BHO term off with a $3T Surplus?...the possibilities are endless. I hear a chants ringing feintly in my head: "Yes We Can" and "Hope and Change."
    Jan 4, 2013. 07:16 PM | 6 Likes Like |Link to Comment
  • Jobless Claims Make A Post Recession Low [View article]
    All that to say: record numbers of Americans are giving up all hope of finding meaningful employment and/or are settling for part-time employment to augment any and all forms of government (tax-payer funded) subsidy?
    Dec 27, 2012. 04:59 PM | 2 Likes Like |Link to Comment
  • The Philly Fed ADS Business Conditions Index [View article]
    So....? Draw our own conclusions, I guess.
    Dec 27, 2012. 04:55 PM | Likes Like |Link to Comment
  • Plan C. Acknowledging there is no time to craft a "grand bargain" before year end, the President urges Congress to pass a stopgap measure, saying he'll immediately sign a bill allowing unemployment benefits to continue and preventing tax hikes on those with income under $250K/year. [View news story]
    For the "Tax the Rich" crowd:

    BAR STOOL ECONOMICS - A lesson in "Fair"

    Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:

    The first four men (the poorest) would pay nothing.
    The fifth would pay $1.
    The sixth would pay $3.
    The seventh would pay $7.
    The eighth would pay $12.
    The ninth would pay $18.
    The tenth man (the richest) would pay $59.

    So, that's what they decided to do.

    The ten men drank in the bar every day and seemed quite happy with the arrangement, until on day, the owner threw them a curve. "Since you are all such good customers," he said, "I'm going to reduce the cost of your daily beer by $20."Drinks for the ten now cost just $80.

    The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free. But what about the other six men - the paying customers? How could they divide the $20 windfall so that everyone would get his 'fair share?' They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

    And so:

    The fifth man, like the first four, now paid nothing (100% savings).
    The sixth now paid $2 instead of $3 (33%savings).
    The seventh now pay $5 instead of $7 (28%savings).
    The eighth now paid $9 instead of $12 (25% savings).
    The ninth now paid $14 instead of $18 (22% savings).
    The tenth now paid $49 instead of $59 (16% savings).

    Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings.

    "I only got a dollar out of the $20,"declared the sixth man. He pointed to the tenth man," but he got $10!"

    "Yeah, that's right," exclaimed the fifth man. "I only saved a dollar, too. It's unfair that he got ten times more than I!"

    "That's true!!" shouted the seventh man. "Why should he get $10 back when I got only two? The wealthy get all the breaks!"

    "Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor!"

    The nine men surrounded the tenth and beat him up.

    The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!

    And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.

    David R. Kamerschen, Ph.D.
    Professor of Economics
    University of Georgia

    For those who understand, no explanation is needed. For those who do not understand, no explanation is possible.
    Dec 23, 2012. 07:10 AM | 4 Likes Like |Link to Comment
  • How Washington Is Stealing Christmas: The Real 'Grinch' [View article]
    Perfect example of 2nd & 3rd-order effects caused by impulsive so-called "Leaders": POTUS just gave all Fed Employees a day off on Christmas Eve. For all that were hoping that a critical piece of mail or timely package might arrive in time for Christmas, just got their "Hope" dashed.
    Dec 21, 2012. 03:19 PM | 1 Like Like |Link to Comment
  • Has Paul Krugman Gone Too Far This Time? [View article]
    Thank You for breathing some truth into this debate. Some believe that by saying things over and over, they become true - no matter how ill-informed they are. Like me, it seems you're tired of the Revisionist History Kool-Aid.
    Nov 13, 2012. 05:49 PM | 1 Like Like |Link to Comment
  • Market recap: Stocks eked out gains after trading narrowly mixed for most of the session as investors were reluctant to make major moves ahead of tomorrow's presidential election. With expectations of a close election, the markets would prefer a decisive victory to bring an end to the uncertainty. Techs, including Apple, were outperformers. NYSE advancers topped decliners three to two. [View news story]
    If Romney wins, beware the poison pill Executive Orders between now and Inauguration. O has already issued 900+ of these edicts during his short tenure. George W. Bush, who was thought to be an abuser of the Executive Order issued 60+ in his 8 yrs. All presidents combined don't equal 1/6th of the number O has issued...check it out, there's some really scary stuff in these. Makes the Patriot Act seem like a Thank You card.
    Nov 5, 2012. 06:57 PM | Likes Like |Link to Comment
  • Why The Stock Market Is Rooting For Obama [View article]
    continuation of the fed's irresponsible, morally-hazardous behavior is what the market wants. continuation of obama's "i'm ok, you're ok...success is evil (unless you're a minority)" philosopy is what the left wants.

    what you really have to ask yourself is, "what's the right thing to do?" almost everybody knows what needs to be done; most are more comfortable with doing's harder to do the right thing sometimes. next tuesday will likely mark a day in american history as a defining moment....the day america rejected socialism an mediocrity for the 21st century.
    Nov 4, 2012. 01:54 AM | 3 Likes Like |Link to Comment
  • Contrarian View: Insurance Companies May Be Buys Right After Frankenstorm [View article]
    Nov 3, 2012. 10:51 PM | Likes Like |Link to Comment
  • Contrarian View: Insurance Companies May Be Buys Right After Frankenstorm [View article]
    familiar with NFIP. Most within a historical floodplain are encouraged to purchase it, very few do. for those few, they have the joy of a federal bureau's incompetence and lethargy to look forward to, while in pursuit of compensation. i agree that insurers won't be hard hit by this one, but state & local economies will.
    Oct 31, 2012. 08:09 AM | 1 Like Like |Link to Comment
  • Contrarian View: Insurance Companies May Be Buys Right After Frankenstorm [View article]
    consider this. majority of "damage" was to taxpayer-funded infrastructure for which there is no insurance except future taxes and state, local (and federal) govts that are in deficit. vast majority of private property damage is categorized as flood damage for which an enormous percentage of the would-be claimants (including many businesses) don't carry. overlay those factors on top of your thesis, and you'll realize that investors and "economists" may be in for a disappointment. what the storm will do, is drastically impact discretionary retail purchases in the northeast heading into the holiday shopping season.
    Oct 31, 2012. 06:39 AM | 2 Likes Like |Link to Comment