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blueice

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  • Something Is Still Ridiculously Wrong [View article]
    Zap, empirically speaking, the greater the debt the less the
    borrowing power.
    Sep 1, 2015. 08:13 AM | Likes Like |Link to Comment
  • Something Is Still Ridiculously Wrong [View article]
    427, thank you for taking time to expose this huckster.

    Krugman is disingenuous at best, not seeking the truth but
    rather advancing the Socshevik's agenda.
    Sep 1, 2015. 08:10 AM | 1 Like Like |Link to Comment
  • Oil: Shale Production Breakeven And Marginal Costs, Moving The Goalposts? [View article]

    If I find some time, Nattering, I will read your thoughts on
    flip card!

    Today was another good rally for the oil bulls! I am not sure
    whom had sponsored the run up.
    Aug 31, 2015. 04:50 PM | Likes Like |Link to Comment
  • Something Is Still Ridiculously Wrong [View article]
    Hobart, interest cost in serving the debt is the federal government unit
    third largest cost; coming at over 420 billion dollars in 2014..This would
    represent 14% of the budget and not 6% as you stated.

    http://tinyurl.com/qjc...

    "When Apple issued bond debt recently the debt only show up on the liabilities side."

    The sign of a health firm, is one that grows it's asset over it's liability
    and not the other way around.

    The difference between a business and that of government debt, is the
    former comes as an assets, which maintains some value or grows in
    it's original value.

    Most of the federal government unit debt (or liabilities in case Mr Kramer
    is reading this) does not become an asset..

    Mr Hobart, duly sends his payroll taxes to the governmental
    unit, which duly spends it..The governmental unit issues IOUs of which
    the treasury department issues bonds..However, these bonds or notes
    will have to be repaid and you will paid a second time.

    Or in other words, if the original funding went into a lock box, there
    would be no need for a second funding..Hence the government unit
    debt would not have increased.

    Fundamentally, the payroll taxee pays his liabilities and the treasury
    incurs also a liabilities by issuing debt.

    Furthermore, it is deceptive by practice or trade (Krugman's trade) to make claims or reference that the US government unit has assets..
    In fact, upon examination of their balance sheet, would show a
    negative balance!

    http://tinyurl.com/bmc...

    Since the central government does not have enough assets to pay
    for SS IOUs, their only alternative would be to enter the debt cycle
    chain and issue more debt..

    Since their number one asset are student loans, they would never be
    able to fund SS shortfalls with government assets.

    And this does not even address the 70 trillion in unfunded future liabilities.

    I am sorry, Hobart, but I did not follow the example you gave..Now, I am
    not the brightest bulb on SA, so if my thoughts need correcting please
    do so.

    BTW, please try not to use Krugman as a source.
    Aug 31, 2015. 03:49 PM | 2 Likes Like |Link to Comment
  • Oil: Shale Production Breakeven And Marginal Costs, Moving The Goalposts? [View article]
    Nattering, (I love the name) whatever low is reached there will be
    a recovery to some degree, within a year or two..

    If one examines the charts, around 2000 goo like the rest of the
    commodities began to expand their price..

    The reason is simply (now of course) it was Red China! It is the
    current faltering economy, which is driving down the entire commodity
    sector..

    So from a demand side prospective, one needs to watch the
    communist economy! If the Chicoms can return to 6 to 7% growth,
    goo can and will return to the 55 to $70 level.

    There certainly will be more BKs in the coming twelve months! The
    final low for crude and how long it stays at those levels is unknown.

    The shalers whom can not drive down costs significantly and have
    unhealthy balance sheets, will wind up in the grave yard..However,
    I believe that the majority of shalers will have production costs under
    $50 p/b, by the later than the end of 2016.

    Marginal sustained losses can be managed for several years, without
    materially effecting the underlying business.

    Those with bad balance sheets and significant losses will be - kaupt.
    Aug 31, 2015. 12:00 PM | 1 Like Like |Link to Comment
  • Oil: Shale Production Breakeven And Marginal Costs, Moving The Goalposts? [View article]
    Pablo, correctoe! The neophytes have entered the arena and are
    being reduced to fools - with only straight forward facts.
    Aug 31, 2015. 10:10 AM | Likes Like |Link to Comment
  • Oil: Shale Production Breakeven And Marginal Costs, Moving The Goalposts? [View article]
    Wan, then call it what it should properly be call - depletion and not
    production.

    Please, you are seeding confusion by not properly framing your
    words correctly.

    Do you have any idea, BTW, that currently production exceeds
    consumption by about 3 million b/p?

    I am afraid your points of views are dated.
    Aug 31, 2015. 10:06 AM | Likes Like |Link to Comment
  • Something Is Still Ridiculously Wrong [View article]
    Hobart, says "Krugman is correct that the debt we owe ourselves is not debt, because it also an asset. If the US had a balance sheet, the SS depository receipts would show up as debt and an asset. Net is zero."

    Sorry to tell you, but this is true with any balance sheet.

    You all know that payroll taxes go into the general fund and
    are spent..Then the US Deportment of the Treasury issues IOUs.

    How are those IOUs assets, as they have to be paid for again!
    Aug 31, 2015. 09:48 AM | Likes Like |Link to Comment
  • Something Is Still Ridiculously Wrong [View article]
    The View:

    They are making a greater mess, with their clean up!
    Aug 31, 2015. 09:42 AM | Likes Like |Link to Comment
  • Oil: Shale Production Breakeven And Marginal Costs, Moving The Goalposts? [View article]
    CLR, total balance sheet increased by $5 billion in 2014! Your post is
    decidedly one side.
    Aug 30, 2015. 05:01 AM | Likes Like |Link to Comment
  • Oil: Shale Production Breakeven And Marginal Costs, Moving The Goalposts? [View article]
    "when the world production is going down at the rate of 5-6 MM barrels/day."

    The most laughable comment of the year!
    Aug 30, 2015. 04:39 AM | 1 Like Like |Link to Comment
  • Oil: Shale Production Breakeven And Marginal Costs, Moving The Goalposts? [View article]
    Glitch, look at the big picture..What is the market value of CLR now
    verse 15 years ago?
    Aug 30, 2015. 04:32 AM | Likes Like |Link to Comment
  • Oil: Shale Production Breakeven And Marginal Costs, Moving The Goalposts? [View article]
    Glitch, prudence tells producers to reduce spending when
    a commodity prices drops.

    After all, it is just the opposite when prices increase.
    Aug 30, 2015. 04:25 AM | 1 Like Like |Link to Comment
  • Something Is Still Ridiculously Wrong [View article]
    Great Mr Kramer, we are in accord! Time for a local custom beer.
    Aug 29, 2015. 10:00 AM | Likes Like |Link to Comment
  • Something Is Still Ridiculously Wrong [View article]
    My Dear Mr Kramer, you seem ill tempered! Did you have a rested
    night?

    For someone you do not like, you spring to his every defense when
    he is opposed..

    If it was a hyperbole, then he badly needs a speech writer to properly
    convey his work..This man, has an extended history of distorting the
    truth..The means justifies the end.

    Much of Krugman's speeches and text, are pro-spending, pro big government and assailing anyone whom rises in opposition. He has been
    wong so many times, on so many issues, I would allow only his opinions
    in a public square.

    He is in the vanguard of promoting and advancing the Socshevik causes
    and agenda.

    Again, I urge all liberal to examine Pres Harding's action in correcting
    a massive deficit and in restoring the economy's health in short order..
    Aug 29, 2015. 09:28 AM | Likes Like |Link to Comment
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