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gh1616

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  • Factory Orders Fall Now 8%, Economists Unconvinced [View article]
    The Transports have topped out and now testing the October lows validating your position I believe.
    Jul 3, 2015. 09:36 AM | 1 Like Like |Link to Comment
  • Is All Hell About To Break Loose? [View article]
    It is unlikely the other PIGS follow in default, or the Eurozone collapses. This will be contained as global developed countries have a stake. The developed countries are all doing the same thing printing and devaluing their way to prosperity. More failures can not be allowed. But Greece is the little weak kid on the street that can be sacrificed, and the Germans just won't pay for their profligate ways any longer.

    But, not to worry about food and medicine as no doubt deals and assurances are being made behind the curtain. Although Greece will have a more difficult time borrowing in the capital markets. Look at it this way...global central banks mandates have been expanded far past original intent. Politicians are calling the shots, and they want to be, or have their party reelected. All said, I agree with the author's risk-off position, the party goes on!
    Jun 30, 2015. 10:03 AM | Likes Like |Link to Comment
  • The False Debate - Deficit Spending Vs. Austerity [View article]
    We certainly agree on this point! And they are certainly "sharing the feast"! Sadly I don't envision a substantive change in our lifetime. Complacency is such that real change likely requires a constitutional crisis or financial crisis such that we can't print our way out.

    I do firmly believe change is coming at some future inflection point. And it won't be anything like the false change advertised over the last 6 1/2 years. Younger folks than we will have to deal with this mess long-term. I am so very sad for the legacy we, collectively, are leaving them.
    Jun 30, 2015. 09:28 AM | Likes Like |Link to Comment
  • The False Debate - Deficit Spending Vs. Austerity [View article]
    No apology necessary, actually I'm more Libertarian than either of the other party's. In my humble opinion our major political party's and the lobbyist that own them have let the American people down with disastrous policies and ill-conceived laws. The majority of American people I believe know something is terribly wrong but aren't informed enough, or simply don't care enough to understand.

    Principles and ideas, I repeat, don't live in silos. Only Mr. Obama seems to live in a my-way-or-highway world.
    Jun 29, 2015. 06:49 PM | Likes Like |Link to Comment
  • The False Debate - Deficit Spending Vs. Austerity [View article]
    ......"You identify with Big Business and you are suspicious or hostile to Big Government"


    You are jumping to more conclusions if you are aiming that comment at me just because I like Dimon. This is an "investment site" not MoveOn.org. I like what works!

    As for ideology, I'm a firm believer in the risks of plutocracy where ruling by the rich especially applies to big business and big government. I am not hostile to anyone!! But its clear to me that the standard of living for most Americans is suffering and will continue to suffer until better environment exists for small business and entrepreneurs. These folks provide society with the mothers milk of growth.

    Throughout this thread you have consistently placed ideologies, and people in silos, including those of us opining. I disagree with that notion. My experience is life is rarely that simple.
    Jun 28, 2015. 09:27 PM | Likes Like |Link to Comment
  • The False Debate - Deficit Spending Vs. Austerity [View article]
    Michael...........

    As the old legal saying goes 'you can indict a ham sandwich' so as your books author says lets try "to be scrupulous about avoiding the assumption of guilt or innocence".

    I don't know what was involved with the charges of violation of the Bank Secrecy Act. Likely few actually know since the indictment is sealed. But I do know this administration doesn't hid its antipathy toward JPM especially since Dimon criticized them. They don't tolerate criticism. I don't question for a nanosecond they would tear the heart out of JPM and Dimon if they thought their evidence would stand scrutiny in court.
    Jun 28, 2015. 11:54 AM | Likes Like |Link to Comment
  • The False Debate - Deficit Spending Vs. Austerity [View article]
    A lot of 'he said, she said' here. And I note that Eskow, I'm guessing your text here are his words, is very carful to say " tried to be scrupulous about avoiding the assumption of guilt or innocence", interesting comment since the title you used is "Incredibly Guilty".

    And the fine you/he notes was over the 'whale case'. That was not a crime! Bad investment, yes, but not a violation of fiduciary responsibility when earnings can easily cover the loss. I was a shareholder then and I don't feel "deceived", it amounted to a hit for one quarters earnings. He/you blast the bank over risk control process. Okay, that's fair, don't invest there. I believe some of the fines and accusations have been little more than extortion. Dimon, a democrat, has been critical of the Obama administration. As vindictive as they have proven to be there is no way they wouldn't bring indictments if they could stand. And lets remember JPM didn't need a bailout.

    If you hadn't guessed I'm a Dimon fan. He's made me a lot of money over the years including prior to JPM and I own now and have owned full positions for the accounts I manage. I personally know a senior executive at the bank and understand Dimon is a tough CEO to work for, but that's fine. He's not Steve Jobs tough but he along with John Stumpf are in my opinion the best bankers globally. I wish we had more like them.
    Jun 27, 2015. 11:02 AM | Likes Like |Link to Comment
  • The False Debate - Deficit Spending Vs. Austerity [View article]
    Michael........."We need to reform Wall Street"


    Reform Wall Street? Again? The SEC commissioners, Daniel Gallagher by example has stated what they are being asked to do is already nonsense and about 50% of Dodd-Frank regulations haven't even been written yet. Its insane!

    And you say Jamie Dimon has admitted to about 30 felonies?? What would those felonies be? I'm sure Mr. Obama and his AG would love to know!

    You don't mention Jon Corzine who was charged by the CFTC and he's the one that should be in a cell next to Madoff I believe but walked away from it all thanks to his powerful democrat "socialism" friends! But you say we capitalism admirers are worshiping the false god?

    Oh I get where you are coming from to be sure!!
    Jun 26, 2015. 06:32 PM | Likes Like |Link to Comment
  • The False Debate - Deficit Spending Vs. Austerity [View article]
    Michael........

    Its not clear where your epistle above gets this discussion thread. You outline years of republican - capitalist, democrat - socialist, then use the example of Nixon admonishing readers not to take the outline literally. The fact is centrist republicans and centrist democrats support both socialistic and capitalistic propositions all the time, and have over U.S. history. Its called compromise and its worked fairly well except when we have experienced a financial crisis where capitalists (businesses) are accused of broad-brushed malfeasance. As I've previously opined most politicians are not as concerned with righting wrongs from a few nefarious capitalists as they are about gaining control. Hence the comment from Obama's advisor Rahm Emanuel "Never let a serious crisis go to waste".

    And of course, I repeat, there will always be winners and losers. Cheating is not necessary. He who makes the rules, or helps make the rules, wins the game. Recently I give you by example the ACA law!
    Jun 26, 2015. 09:58 AM | Likes Like |Link to Comment
  • The False Debate - Deficit Spending Vs. Austerity [View article]
    Michael........."Its not capitalism OR socialism"


    Interesting perspective. While I've seen this argument before I don't accept that socialism is the natural evolution of capitalism. The U.S. is largely capitalistic however we confiscate personal property for distribution under the appearance of fairness. So, to use your metaphor we have summer and winter. Egalitarianism sounds directionally correct except in practice the results are always perverted. There are always, and will always be in my opinion winners and losers regardless of doctrine labels.
    Jun 25, 2015. 10:01 AM | Likes Like |Link to Comment
  • The False Debate - Deficit Spending Vs. Austerity [View article]
    David.......

    In your response to Mr Woong you note that capitalism has not worked fine. I somewhat agree, capitalism is volatile largely through occasional misallocation problems, (greed and fear). We experienced the 'mother' of those challenges in the tech/telecom boom and bust. In the U.S. alone it has happened with radio, autos, and railroads several times. But I posit that Mr. Woong is on a good point. More people have benefited globally from capitalism regardless of its 'warts'. Karl Marx wrote "capitalist sow the seeds of their own destruction". I disagree with that cynical view, and the alternative, which is some form of socialism where only the elites benefit, historically offers bleak results for most people.
    Jun 23, 2015. 10:16 AM | 1 Like Like |Link to Comment
  • The Warren Buffett Economy - Why Its Days Are Numbered (Part 4) [View article]
    Insightful.........

    I agree, its a terrible conundrum the Fed is in. They are being asked to go far past their mandate, original and otherwise, to develop/implement policy. To your point, they are not successful generating velocity and we have learned you can't run an economy with a simple zero rate policy solution. Although the counterfactual argument is we avoided a depression.

    We have proved a resilient people though despite the middleclass squeeze coming from all directions. I believe/hope with a less anti-business political environment; better incentives especially for entrepreneurial and small business folks, and a modified less onerous regulatory burden we might begin to see velocity improve. I truly hope and pray this is not a permanent "new normal". If it is our children and grandchildren are going to experience a much lower standard of living.
    Jun 20, 2015. 02:19 PM | 1 Like Like |Link to Comment
  • The Warren Buffett Economy - Why Its Days Are Numbered (Part 4) [View article]
    ConGa........."No, buddy. The Koch bros. NOT Buffett"


    That's laughable!! But you're a typical leftist... you aren't smart enough to debate facts so you revert to name calling!

    BTW, I'm not your buddy!
    Jun 20, 2015. 01:47 PM | 1 Like Like |Link to Comment
  • The Warren Buffett Economy - Why Its Days Are Numbered (Part 4) [View article]
    ConGa.........


    So you think Buffett is a "racist and bigot, trying to go back in time to win the CIvil War"? Really? And I note in a post above your a Friedman hater too. Actually I think you're just a hater hiding behind an anonymous post.
    Jun 18, 2015. 09:18 AM | 1 Like Like |Link to Comment
  • The Warren Buffett Economy - Why Its Days Are Numbered (Part 4) [View article]
    Simple solution, don't open up the article!!
    Jun 16, 2015. 06:41 PM | 4 Likes Like |Link to Comment
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