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  • Investors Don't Believe The Upbeat Talk Of The Central Banks Or The Business Leaders At Davos  [View article]

    Fair assessment in my view. Watch what the do not what they say. I just laugh when I here them blabber-on about "green-shoots'. We've heard that since 2011. So in summary, nothing changes. The financial engineering goes on, and if a publicly traded company resists an activist will help them with the decision, example Xerox. The Fed is pushing on a string, as you note the funds are locked into the financial system. But its not clear that its wanted anyway past share buybacks and acquiring competitors.
    Feb 3, 2016. 04:37 PM | Likes Like |Link to Comment
  • Why Is Economic Growth So Slow?  [View article]
    John, "Maybe the crucial focus of our governments should be on reform and restructuring"

    Here's a novel though; why don't we try less government intervention and involvement? The final count I read was over 80 thousand pages of new regulations for 2015 alone. Kind of reminds you of the old adage 'I'm from the government and I'm here to help', which is what I get from your article.
    As Milton Friedman said "If the government was in charge of the Sahara Desert in five years we would have a shortage of sand".
    Feb 2, 2016. 10:35 AM | Likes Like |Link to Comment
  • Johnson Controls Escapes From America  [View article]

    You've made a good point which gets overlooked in all the anti-business rhetoric. Also, lost is the fact that these multinationals still pay U.S. tax on there business here.

    All said its unfortunate that we have forced businesses into this position with our convoluted tax code. (In view of polite discourse I'm being charitable just calling it "convoluted")

    Interestingly though I read in Bloomberg yesterday that the U.S. is becoming one of the worlds top tax shelters for foreigners because our government refuses to comply with international disclosure rules. I admit I was stunned at that one after the indignant cry of 'hang the offshore tax cheats' from our government.
    Jan 28, 2016. 09:53 AM | 1 Like Like |Link to Comment
  • Johnson Controls Escapes From America  [View article]

    You should be sleeping well, unless you're sleepless from partying on the dumb yankee-dollar! Ha,ha,...actually I'm crying with envy.

    I've been around a long time and I say with great conviction that our government (U.S.) position of not working a tax deal and thereby not allowing repatriation of overseas earnings is truly the dumbest thing we have done in the history of our republic. But not to worry, our economy is creating lots of low paying service jobs and that's called a victory.
    Jan 26, 2016. 04:12 PM | 1 Like Like |Link to Comment
  • Johnson Controls Escapes From America  [View article]
    justaguy6........ "..........GE paid no federal taxes?"

    GE offset with huge loss carry forward for non-performing loans.
    Jan 26, 2016. 03:56 PM | Likes Like |Link to Comment
  • Johnson Controls Escapes From America  [View article]

    Excellent point, I completely agree!!
    Jan 26, 2016. 03:47 PM | Likes Like |Link to Comment
  • Election 2016: The Year Of The Fourth Party Candidate?  [View article]
    Eric; ...... "Suppose such a scenario came to pass, Improbable? Yes, but not out of the question..............."

    I usually find myself supporting your articles, but I think this idea is 'out of the question' on the GOP side. The third party candidacy question has been ginned up over the past few days given the Bloomberg story. I had thought he learned his lesson in Colorado in the last election cycle where a 'purple state' soundly rejected his ideas and candidates he supported. In a third party run on the GOP side he would find little success outside the Northeast elites that won't vote GOP anyway. So no loss there.

    An interesting idea might be that he switches parties and runs as a third party Democrat candidate given the awful options there now. I think that may be more likely than a late Biden candidacy.

    All said Trump may be the one. He isn't my choice either, although I think the GOP has some excellent candidates this time. I believe Trump appeals to less informed voters on both sides. We've seen that movie before in the last two election cycles and it ends badly. We also know from a business perspective it will be unlikely for him to deliver anything close on these grandiose promises.
    Jan 25, 2016. 10:03 AM | 2 Likes Like |Link to Comment
  • Why All The Gloom And Doom?  [View article]

    As always this is a circular argument with you. I will conclude my position as this: Obamacare is an unpopular law with most citizens whom already had health insurance. This includes the newly vaunted middleclass. The left elites with its political class, media and academia will fight change. But change is coming if the GOP wins the WH. I suggest it will be repealed and replaced with some combination of current proposals, or it will be otherwise radically changed.
    If your side wins with Hillary, or Bernie then this inefficient and ineffective bloated government program will likely continue until healthcare expense requires such a large portion of the average persons budget that it sinks itself.
    Jan 17, 2016. 01:59 PM | 1 Like Like |Link to Comment
  • Gordon Long: If You Think QE Was An Experiment, You Haven't Seen Anything Yet!  [View article]
    A brilliant comment I read recently regarding central bank action globally, and worth repeating:
    "Central banks seem to be staring at a twig in their collective hand, demanding it get longer. That is their only ideology, the twig MUST grow, it does not. Conclusion: there is something wrong with the twig."
    Jan 14, 2016. 10:51 AM | 3 Likes Like |Link to Comment
  • Why All The Gloom And Doom?  [View article]

    1) Read my reply regarding personal responsibility in context with the two sentences above it. I'm referring to the liberals who pushed the legislation through and now want to deflect its unpopular provisions. It's always someone else fault. Look at the number of keystrokes you've used talking about the Heritage Foundation and Romney.

    2) While I agree there has been much written that the personal mandate is unpopular, It's not clear that outside the media it was the most unpopular ACA feature. What is most unpopular today is cost and access. Retail has always understood that consumers spending their dollars look for a price/value relationship. I believe the reason liberals are fighting against a strong current with Obamacare is after all the lies about keeping your doctor and your plan, the average consumer is paying a lot more and receiving a lot less given long waits to see GP's and specialists. With GP's practices now owned by hospitals, are now tasked with seeing four patients per hour. That is not a definition of value for consumers.
    Jan 14, 2016. 10:28 AM | 1 Like Like |Link to Comment
  • Nightmare For 401(K)ers: Assets May Go Down By 50%  [View article]

    I completely agree with your first paragraph regarding immigration. You only need to look at the nightmare in Europe, a serious problem long before the refugee crisis.

    We should also look at the root-cause of population decline. Good analysis has been done regarding association of falling birth rates and poor economies. Japan has been an exemplar case. In the U.S. its important to note that young people in child bearing years have never experienced a robust economy. I believe the answer to so many of these dilemmas is growth opportunity.
    Jan 14, 2016. 09:34 AM | 1 Like Like |Link to Comment
  • Nightmare For 401(K)ers: Assets May Go Down By 50%  [View article]
    Any computation of relative value and fair value of P/E should comprehend interest rates. That said and as the old saying goes "its a market of stocks, not a stock market". All equities are not irrationally priced.

    I think you present some interesting infrastructure ideas especially a national water reserve. That could prove to be more important than oil long term.

    More importantly I believe we need a new administration that is less driven by ideology, and that will do a better job of balancing national economic interests with things like climate change. On day one I'd like a new administration to unshackle business lessening compliance requirements, approve Keystone, and work out a tax deal with multinationals to repatriate some three trillion in offshore earnings. Politicians need to stop telling businesses how to use cash assets too. We need to be smart enough to stay out of business planing knowing some of these earnings will make its way to capital formation and jobs. Then with revenue flowing legislators could get busy overhauling the uncompetitive business tax system.
    Jan 13, 2016. 12:08 PM | 1 Like Like |Link to Comment
  • Why All The Gloom And Doom?  [View article]
    I looked at your link and I do recall catastrophic illness insurance coverage protection discussion and the Heritage position. That always made sense, people shouldn't lose their life savings over a health problem.

    But the article goes on to say that is not comparable to the Obamacare mandate. I've heard the Heritage accusation before from liberals trying to deflect the unpopularity of Obamacare. That someone else is to blame for this legislation and its horrible implementation. But then, personal responsibility is sooo yesterday.
    Jan 13, 2016. 11:28 AM | 1 Like Like |Link to Comment
  • Euphoria Over Job Gains  [View article]
    Good, well reasoned article as usual.

    Over the last several years I have wasted much time on job-Fridays watching the talking heads on CNBC trying to convince viewers that green-shoots were abundant, prosperity is around the corner, and short term stimulus, combined with zero rates, was a tremendous success.

    I suggest stimulus never had a chance to work given the heavy and uneven hand of government. First the stimulus could have been used far better to create infrastructure jobs vs wasted on political paybacks producing few jobs. Then businesses at all levels were encouraged to make capital investments and hire, but then attacked with anti-business rhetoric and massive new regulation compliance requirements. 2015 alone reportedly saw 77,000 new pages of regulations. The banks were encouraged to make loans, but then litigated, given significant new reserve and compliance requirements, and intimidated with threats of imprisonment for officers. If that weren't enough the country was burdened with massive new social programs that businesses and individuals were required to implement. So I ask lack of optimism, and relative failure of stimulus programs really a surprise?
    Jan 13, 2016. 10:43 AM | Likes Like |Link to Comment
  • Why All The Gloom And Doom?  [View article]
    mrbloom......"Your comments are perfect examples of hindsight bias" "Just didn't think it would actually happen".

    Of course we thought it would happen. Look up the definition of unsustainable. We waited for it to break, but I sure wouldn't short something the government implicitly supports. I haven't seen it but there's a movie out now about the guys who rolled the dice shorting MBS I guess and won big.

    You misread or misunderstand the comment. I suggest if you can't grasp this you should be cautious of do it yourself investing!!
    Jan 11, 2016. 11:25 AM | Likes Like |Link to Comment