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SanDiegoNonSurfer

SanDiegoNonSurfer
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  • A Bear Market Is Unlikely In 2015 [View article]
    Seems farfetched to think the business cycle follows an alarm clock. Dogs, cats, redwood trees, and humans all have more lifespan variability than that.
    Mar 14, 2015. 12:53 AM | 1 Like Like |Link to Comment
  • Can You Profit From Prisons? [View article]
    "He gets paid per 'page turn'".

    LOL! 237 comments. That comes to $2.37. If that's your idea of Big Money, smurf, you might want to re-examine your investing strategy ;-)

    And btw, you don't get to decide what others may post. S.A.'s editors are the only ones who can do that.
    Mar 13, 2015. 05:42 PM | 2 Likes Like |Link to Comment
  • Can You Profit From Prisons? [View article]
    "Most of what I read as problems can be handled by an effective gov't oversite group or groups"

    That's not too far away from what I proposed. Something like that might work...but would need careful auditing. Regulatory groups at the state and local levels tend to form too-close associations and oversight often suffers as a result. A good analogy is the way the Clean Water Act is administered. The federal gov't retains an oversight role of the states' implementation. That's needed because otherwise the local "regulators" get too cozy. (I worked in this area for awhile.) But with adequate oversight, could work here too.

    I'd distrust a prof-org like the bar. The reason the bar/ama sort of work for doctors and lawyers is the level of personal accountability that individual doctors and lawyers have. There's no personal accountability in the for-profit prison business. To the contrary, it's a slimy business with no internal advocates for improvement.
    Mar 13, 2015. 12:28 PM | Likes Like |Link to Comment
  • Bove: Banks "basically nationalized" [View news story]
    "you have no knowledge of the Community Reinvestment Act"

    Show me where in the CRA banks are required to make bad loans.
    Mar 12, 2015. 12:39 PM | 1 Like Like |Link to Comment
  • Bove: Banks "basically nationalized" [View news story]
    There was never any "US Federal government mandate of access to home ownership to sub-prime borrowers".

    The GFM was caused by leverage. The banks made bad loans all by themselves. No one forced them to do that. But that wasn't what crashed the system. What crashed the system was the leverage piled on top of those bad loans.
    Mar 12, 2015. 11:15 AM | 3 Likes Like |Link to Comment
  • Why I Am Hedging My Portfolio With UVXY [View article]
    "I think his article is brilliant"

    What do you think is brilliant about it?
    Mar 11, 2015. 11:31 PM | 1 Like Like |Link to Comment
  • Betting On The Russian Black Swan [View article]
    Here's a more plausible perspective (why it's a good time to mine gold in Russia): http://bloom.bg/1Ajg5zu
    Mar 11, 2015. 11:30 AM | 1 Like Like |Link to Comment
  • Can You Profit From Prisons? [View article]
    Probably Mr. Watson hung himself out of fear he might be sent to a for-profit prison ;-)
    Mar 11, 2015. 10:35 AM | 1 Like Like |Link to Comment
  • Can You Profit From Prisons? [View article]
    "I'm pretty sure I can find at least one case of a prisoner getting raped"

    When you misrepresent like this, you only fool yourself.
    Mar 11, 2015. 10:31 AM | 1 Like Like |Link to Comment
  • Can You Profit From Prisons? [View article]
    " it was frankly the stupidest thing I've read to this point"

    Ok, good. I was starting to wonder....
    Mar 11, 2015. 10:29 AM | Likes Like |Link to Comment
  • Hilsenrath: "Patient" gone [View news story]
    It won't be a 1% or 2% increase. More like 1/4% or 1/8%
    Mar 11, 2015. 02:15 AM | Likes Like |Link to Comment
  • Can You Profit From Prisons? [View article]
    "in many if not all of the cases you mentioned changes have been made to correct such things from re-occurring"

    Not true.

    These abuses have been pointed out to them for years. If the for-profit prisons had corrected them, there would have been no need, nor basis for public interest groups to bring these lawsuits against them. They're only being sued because they refuse to correct such things.

    "Can you actually provide any evidence that those examples you mention above are worse than what goes on in public prisons?"

    Yes, the evidence I posted already. Abuses in state and federal prisons are limited by the prisoners' constitutional right of protection against cruel and unusual punishment. This form of legal checks and balances is missing in for-profit prisons, with the result that abuses magnify without limit until they become so sensationally grotesque that public outrage can no longer be avoided.
    Mar 11, 2015. 01:24 AM | 1 Like Like |Link to Comment
  • Can You Profit From Prisons? [View article]
    sc, you didn't answer my question: Do you believe prisoners should be raped repeatedly at knife point? Is that part of what you think should happen to them?
    Mar 11, 2015. 01:08 AM | Likes Like |Link to Comment
  • Can You Profit From Prisons? [View article]
    "Based on population increasing"

    Based on population? China with 5x the population of the U.S. and fewer civil liberties has also fewer people in prison. If we go by population, the U.S should have 80% fewer people in prison than we have at present.

    Meanwhile, population growth in the U.S. has slowed to 0.7%, the lowest growth rate in 80 years.

    Based purely on demographics, prison population in 2025 would be projected to shrink to a mere 21% of what it is now: (1/5)*(1.007^10) = 0.214 [0.7% population growth for 10 years normalized to an imprisonment rate equal to China's.] Or less. Probably less, since the U.S. has a more lenient society than China.
    Mar 11, 2015. 01:03 AM | 1 Like Like |Link to Comment
  • The Earnings Recession Of 2015: Stock Market In Danger? [View article]
    Great...thanks Lawrence and dc597!
    Mar 10, 2015. 08:58 PM | Likes Like |Link to Comment
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