Jack K's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/70580/comments http://seekingalpha.com/article/144519-the-growing-debate-on-when-to-cut-fiscal-stimulus?source=feed#comment-557077 557077 But if it takes 1-2 trillion of excess government spending to obtain this economy, at this level, you know our GNP would be less than it is by a lot if the government spent what it should. Look around. How much economy today is supported by government spending in one form or another? Each year that we borrow more to postpone the inevitable will obviously make it worse.]]> Mon, 22 Jun 2009 07:41:43 -0400 But if it takes 1-2 trillion of excess government spending to obtain this economy, at this level, you know our GNP would be less than it is by a lot if the government spent what it should. Look around. How much economy today is supported by government spending in one form or another? Each year that we borrow more to postpone the inevitable will obviously make it worse.]]> http://seekingalpha.com/article/123433-give-buffett-credit-he-tells-it-straight?source=feed#comment-408910 408910

On Mar 01 10:39 PM Borscht wrote:

> He's a sleazy prick who will feed you a t-bone steak while he knifes
> you in the back. Why do we villify bankers and insurance executives
> while we give Buffett a free pass? Follow the money and it has all
> been going to Warren these last fifty years.]]> Mon, 02 Mar 2009 06:19:09 -0500

On Mar 01 10:39 PM Borscht wrote:

> He's a sleazy prick who will feed you a t-bone steak while he knifes
> you in the back. Why do we villify bankers and insurance executives
> while we give Buffett a free pass? Follow the money and it has all
> been going to Warren these last fifty years.]]> http://seekingalpha.com/article/120624-22-companies-with-dividends-on-death-row?source=feed#comment-391673 391673 Tue, 17 Feb 2009 08:09:31 -0500 http://seekingalpha.com/article/117827-we-could-soon-see-1-million-jobs-lost-in-single-month?source=feed#comment-373018 373018 Mon, 02 Feb 2009 05:51:43 -0500 http://seekingalpha.com/article/117734-royal-caribbean-s-continued-freefall?source=feed#comment-372387 372387 Sun, 01 Feb 2009 06:35:11 -0500 http://seekingalpha.com/article/117602-peter-schiff-answers-his-critics?source=feed#comment-370750 370750 Fri, 30 Jan 2009 06:09:10 -0500 http://seekingalpha.com/article/116571-at-least-43-000-new-obamaconomy-workers-freed-up?source=feed#comment-367153 367153 Mon, 26 Jan 2009 23:09:29 -0500 http://seekingalpha.com/article/115606-contemplating-the-demise-of-bank-of-america-citi-and-jpmorgan?source=feed#comment-361626 361626
]]> Wed, 21 Jan 2009 05:20:48 -0500
]]> http://seekingalpha.com/article/112798-predictions-for-2009-who-will-be-the-winners-and-losers?source=feed#comment-343252 343252 Dana, you hit the nail on the head. Socialists want Top down planning and all citizens to follow the anointed ones' rules. Because they know what is best.
You can't cheat. Eventually you get caught. They guys who broke the already established rules are in jail. More rules and rules weaken our economy.
Want to get the economy growing? Cut income taxes dramatically. Or eliminate it. Remove layers of bureaucracy, and lay off millions of federal employees so they can produce something in the "private sector". But this will never happen as there are so many vested interests. From the workers themselves to accountants and lawyers, and so many who receive something from nothing.]]> Thu, 01 Jan 2009 09:32:07 -0500 Dana, you hit the nail on the head. Socialists want Top down planning and all citizens to follow the anointed ones' rules. Because they know what is best.
You can't cheat. Eventually you get caught. They guys who broke the already established rules are in jail. More rules and rules weaken our economy.
Want to get the economy growing? Cut income taxes dramatically. Or eliminate it. Remove layers of bureaucracy, and lay off millions of federal employees so they can produce something in the "private sector". But this will never happen as there are so many vested interests. From the workers themselves to accountants and lawyers, and so many who receive something from nothing.]]> http://seekingalpha.com/article/112853-good-riddance-to-2008?source=feed#comment-343117 343117 Thu, 01 Jan 2009 00:16:22 -0500 http://seekingalpha.com/article/112588-the-dollar-oil-surprise-what-does-2009-hold?source=feed#comment-341182 341182 Tue, 30 Dec 2008 07:00:32 -0500 http://seekingalpha.com/article/112444-clean-energy-mutual-funds-etfs-does-active-management-pay?source=feed#comment-340261 340261 Mon, 29 Dec 2008 08:07:03 -0500 http://seekingalpha.com/article/112397-ecri-economic-forecast-remains-near-all-time-low?source=feed#comment-339607 339607 US WLI? How is it derived? What actually does it track? The link above does not explain it. Does it portend of a downturn in the economy or does it just indicate that it has happened? It is no surprise we are in a recession. It has been talked about by many for a long time. Almost a year. What would be interesting would be to watch when it starts to go up, as it looks like all the upswings were pretty significant.]]> Sun, 28 Dec 2008 07:24:18 -0500 US WLI? How is it derived? What actually does it track? The link above does not explain it. Does it portend of a downturn in the economy or does it just indicate that it has happened? It is no surprise we are in a recession. It has been talked about by many for a long time. Almost a year. What would be interesting would be to watch when it starts to go up, as it looks like all the upswings were pretty significant.]]> http://seekingalpha.com/article/112285-congress-considers-bailing-out-its-ethanol-mistakes?source=feed#comment-339227 339227 We are. There is a much greater interest and work on renewable energy than imagined 10 years ago. What we want is to let our current system let us get there.
But be careful buying stocks for the long term in a group that is not making money now. There are many private firms who may be the long term winners.]]> Sat, 27 Dec 2008 10:04:15 -0500 We are. There is a much greater interest and work on renewable energy than imagined 10 years ago. What we want is to let our current system let us get there.
But be careful buying stocks for the long term in a group that is not making money now. There are many private firms who may be the long term winners.]]> http://seekingalpha.com/article/111670-could-the-la-times-turn-off-its-presses?source=feed#comment-334745 334745 Sat, 20 Dec 2008 17:51:00 -0500 http://seekingalpha.com/article/111208-great-depression-not-imminent-but-inevitable?source=feed#comment-333578 333578

On Dec 18 05:45 PM Chris B wrote:

> There is the casino and there is the factory. Only one of them produce
> wealth.
>
> The factory pays 35-40% taxes for producing wealth. The casino finds
> ways to dodge taxes, and then only pays 15% for their cap gains,
> dividends, and interest for producing.... well... not much. In the
> US, we punish the factories and reward the contract flippers for
> houses, credit default swaps, stocks, etc.
>
> In theory, the casino could go broke underwriting dumb bets (CDS's)
> or loans (mortgages) and the factory could continue to produce all
> the actual wealth. However, in reality, the factory needs the casino
> to loan it money to grow and to provide financing to its customers,
> so when the casino goes down due to gambling that is not even related
> to actual production of wealth, it takes the factory and our GDP
> with it.
>
> Perhaps the people who work for a living actually producing something
> should request that "investment" banking and actual banking be re-separated
> by law so that they are not again the victims of bankers' foolish
> gambles. This was the case from the end of the depression until
> 1999, when the big banks lobbied to repeal the Glass-Stegal act as
> a way to promote growth.
>
> How did that work out for the factory, the integrity of banking and
> investing, and our economy? Also, did the Bush tax cuts on non-productive
> earnings such as capital gains, interest, and dividends have anything
> to do with the gamblers running wild?]]> Thu, 18 Dec 2008 22:45:10 -0500

On Dec 18 05:45 PM Chris B wrote:

> There is the casino and there is the factory. Only one of them produce
> wealth.
>
> The factory pays 35-40% taxes for producing wealth. The casino finds
> ways to dodge taxes, and then only pays 15% for their cap gains,
> dividends, and interest for producing.... well... not much. In the
> US, we punish the factories and reward the contract flippers for
> houses, credit default swaps, stocks, etc.
>
> In theory, the casino could go broke underwriting dumb bets (CDS's)
> or loans (mortgages) and the factory could continue to produce all
> the actual wealth. However, in reality, the factory needs the casino
> to loan it money to grow and to provide financing to its customers,
> so when the casino goes down due to gambling that is not even related
> to actual production of wealth, it takes the factory and our GDP
> with it.
>
> Perhaps the people who work for a living actually producing something
> should request that "investment" banking and actual banking be re-separated
> by law so that they are not again the victims of bankers' foolish
> gambles. This was the case from the end of the depression until
> 1999, when the big banks lobbied to repeal the Glass-Stegal act as
> a way to promote growth.
>
> How did that work out for the factory, the integrity of banking and
> investing, and our economy? Also, did the Bush tax cuts on non-productive
> earnings such as capital gains, interest, and dividends have anything
> to do with the gamblers running wild?]]> http://seekingalpha.com/article/111208-great-depression-not-imminent-but-inevitable?source=feed#comment-333577 333577

On Dec 17 10:23 AM TAS wrote:

> Much like the old Soviet Union "we will bury you" period of history,
> those predicting the demise of the West accompanied with the implied
> rise of another system is interesting, but flawed.
>
> As Churchill remarked, "democracy is the worst form of government,
> except for all of the others". Corruption in the West is eventually
> exposed and is the exception, not the rule. Corruption and deceit
> in India, Russia, China and many like societies elsewhere is not
> only endemic, it is accepted.
>
> Regardless, enjoyed reading your opinion.]]> Thu, 18 Dec 2008 22:41:22 -0500

On Dec 17 10:23 AM TAS wrote:

> Much like the old Soviet Union "we will bury you" period of history,
> those predicting the demise of the West accompanied with the implied
> rise of another system is interesting, but flawed.
>
> As Churchill remarked, "democracy is the worst form of government,
> except for all of the others". Corruption in the West is eventually
> exposed and is the exception, not the rule. Corruption and deceit
> in India, Russia, China and many like societies elsewhere is not
> only endemic, it is accepted.
>
> Regardless, enjoyed reading your opinion.]]> http://seekingalpha.com/article/111477-alan-greenspan-perennial-optimist?source=feed#comment-333575 333575 Thu, 18 Dec 2008 22:36:03 -0500 http://seekingalpha.com/article/111505-new-limits-on-credit-card-companies-is-hell-freezing-over?source=feed#comment-333572 333572 "educating customers" and "letting the chips fall where they may" only works within a highly financially literate society - i.e. not in the U.S.)
But they credit companies write things in legaleze, so very few people actually can understand it.

"amount that the industry stands to lose in annual revenue, if the rules go into effect as proposed, would be about $12 billion."
Well, who stands to gain that? The american consumer. Maybe it can be put to better use. Or reduce the overall debt in the country.]]> Thu, 18 Dec 2008 22:26:14 -0500 "educating customers" and "letting the chips fall where they may" only works within a highly financially literate society - i.e. not in the U.S.)
But they credit companies write things in legaleze, so very few people actually can understand it.

"amount that the industry stands to lose in annual revenue, if the rules go into effect as proposed, would be about $12 billion."
Well, who stands to gain that? The american consumer. Maybe it can be put to better use. Or reduce the overall debt in the country.]]> http://seekingalpha.com/article/111281-opec-pledge-another-production-cut?source=feed#comment-332692 332692 Wed, 17 Dec 2008 22:40:17 -0500 http://seekingalpha.com/article/111198-deflation-is-just-around-the-corner?source=feed#comment-331725 331725 Wed, 17 Dec 2008 07:06:20 -0500 http://seekingalpha.com/article/111029-best-buy-there-s-nothing-quite-like-being-a-retailer-during-a-recession?source=feed#comment-331722 331722 Wed, 17 Dec 2008 06:47:20 -0500 http://seekingalpha.com/article/110710-paulson-s-plan-fails-to-understand-the-problem-madoff-is-a-perfect-example?source=feed#comment-329739 329739

On Dec 15 08:21 AM tdillian wrote:

> while I did enjoy reading this article... the author seems to be
> seriously deluded about the fraud known as Obama, the only reason
> Obama is not getting involved and saying "one president at a time",
> is that the man has no freaking clue what he is doing.
>
> Not like Bush has any idea what he is doing either.. so you have
> 2 imbeciles, one playing president until mid-januray, the other studying
> hard of the shows of "west wing" to figure out how to look presidential,
> but in reality is completely ignorant.
>
> the same stuff that happened with the financials is now happening
> with politicians, no one asked Madoff any hard questions, no one
> asked Obama any hard questions... once the koolaide wears off, the
> ignorance of the american people in voting for this ignorant fraud
> will be the running joke all across the world.]]> Mon, 15 Dec 2008 08:54:25 -0500

On Dec 15 08:21 AM tdillian wrote:

> while I did enjoy reading this article... the author seems to be
> seriously deluded about the fraud known as Obama, the only reason
> Obama is not getting involved and saying "one president at a time",
> is that the man has no freaking clue what he is doing.
>
> Not like Bush has any idea what he is doing either.. so you have
> 2 imbeciles, one playing president until mid-januray, the other studying
> hard of the shows of "west wing" to figure out how to look presidential,
> but in reality is completely ignorant.
>
> the same stuff that happened with the financials is now happening
> with politicians, no one asked Madoff any hard questions, no one
> asked Obama any hard questions... once the koolaide wears off, the
> ignorance of the american people in voting for this ignorant fraud
> will be the running joke all across the world.]]> http://seekingalpha.com/article/110588-general-overcapacity-cannot-exist?source=feed#comment-329726 329726 Mon, 15 Dec 2008 08:44:22 -0500 http://seekingalpha.com/article/110670-we-can-t-spend-and-save-our-way-out-of-this-recession?source=feed#comment-329646 329646 Mon, 15 Dec 2008 06:30:18 -0500 http://seekingalpha.com/article/109994-big-two-bailout-likelihood-of-success-is-slim?source=feed#comment-325289 325289 Wed, 10 Dec 2008 06:44:18 -0500 http://seekingalpha.com/article/109533-aid-for-chrysler-why-i-m-saying-no?source=feed#comment-322800 322800 Sun, 07 Dec 2008 08:40:34 -0500 http://seekingalpha.com/article/109384-consumer-spending-something-has-to-give?source=feed#comment-321432 321432 Fri, 05 Dec 2008 07:00:33 -0500 http://seekingalpha.com/article/93382-while-street-yells-sell-lampert-buys-back-4-of-sears?source=feed#comment-318673 318673 If you wouldn't shop in a store, why would you buy their stock?
I like craftsman tools but that's it. The service in sears is not great and their products are just average. If there was a KMart next to a Walmart, which one would you go in and shop?]]> Tue, 02 Dec 2008 07:47:20 -0500 If you wouldn't shop in a store, why would you buy their stock?
I like craftsman tools but that's it. The service in sears is not great and their products are just average. If there was a KMart next to a Walmart, which one would you go in and shop?]]> http://seekingalpha.com/article/108729-focusing-on-commodity-etfs-hyperinflation-seems-inevitable?source=feed#comment-318662 318662 M1, M2, M3, gold, oil, food, dollar vs. Once they triple in price, it is too late to buy them.
They all have gone up at one point, without significant inflation.
What do you think, Keith? ]]> Tue, 02 Dec 2008 07:31:48 -0500 M1, M2, M3, gold, oil, food, dollar vs. Once they triple in price, it is too late to buy them.
They all have gone up at one point, without significant inflation.
What do you think, Keith? ]]>