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  • Dan Amerman: Will Our Private Savings Be Sacrificed To Pay Down The Public Debt? (Podcast) [View article]
    Which makes it really easy to sell financial repression to the average voter.
    Oct 21 09:58 AM | Likes Like |Link to Comment
  • Can Once Great American Retailers Rise Again? [View article]
    Except that physical retail may now be, in it's present overall size - i.e. the most overbuilt in history - akin to the plight of blacksmiths a century ago.

    Music and entertainment can be considered social activities more than shopping is, yet clearly excellent home entertainment centers, car audio systems and new media have largely rendered local entertainment superfluous. Trends that make staying at home while shopping cannot help but reduce the "needed" footprint for vastly overbuilt American retail space, hence, that combined with the relentless declination of the middle class, while there will be some winners and some will successfully exploit the next phase, shuttering and downsizing on an epic scale is the future for physical retailing generally as e-commerce relentlessly expands.
    Oct 21 08:41 AM | Likes Like |Link to Comment
  • Seasonal Allergies [View article]
    An interesting perspective on and calm assessment of the swirl of news and turmoil that is accompanying the latest bout of "deflation;" that seasonally this has occurred in 12 of the last 15 years. This could be a useful piece of information in any SA reader's quest to become filthy rich.
    Oct 15 11:01 AM | 1 Like Like |Link to Comment
  • Shares Of eBay May Be A Good Prospect Before Earnings [View article]
    Investors need to consider whether Ebay's policies of axing it's small sellers in favor of large resellers of Chinese merchandise from Alibaba is finally backfiring now that Alibaba has arrived at the US and the mismanaged Ebay marketplace may be squeezed further as a result.

    The suddenness of management's proposal to split Ebay from Paypal that they had been fighting in a very public dispute with Carl Icahn reeks of duress and may indicate that Ebay's marketplace results this quarter may be even softer than their usual subpar results that have seen them in longterm decline relative to competitors.
    Oct 14 07:38 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Stocks Fly After Fed Indicates Caution On Rate Hikes [View article]
    "The top .1% is so out of touch with the issues facing their own workers, but what do they care, they are set for life.}

    If they are truly entrepreneurs who add value, large rewards are appropriate. If they are the typical glorified managers who know how to operate in the C-suite and reap rewards by playing politics with incestuous B'sOD and whose policy toolkit consists almost exclusively of squeezing and cutting their workforce, thus getting paid ludicrous "prevailing compensation" at the top, not so much.
    Oct 9 10:34 AM | 3 Likes Like |Link to Comment
  • The Goldman Tapes And Why The Delusion Of Macro-Prudential Regulation Means The Next Crash Is Nigh [View article]
    Now comes the stampede of "always buy-the-dips" disciples who all expect to get out in time but who see no problem with the various self-reinforcing metrics used to justify valuations at the Wall Street Casino despite any lack of discernible economic progress on Main Street USA.

    Never has so little of lasting value been purchased at the cost of such astronomical levels of debt at such high sticker prices for the financial paper. It is well to realize that it will take only some seeming pinprick in world and economic events to reveal the enormous air pockets and distance there is for valuations to fall when the dominoes of not-so-dependable income streams supporting much of the staggering volume of Wall Street and government paper that needs to constantly expand if the ponzi is to survive, begin to topple.
    Oct 1 01:29 PM | 2 Likes Like |Link to Comment
  • Why Apple Pay Is Likely To Succeed, And Lessons From PayPal [View article]
    "Apple has already beaten Paypal. Their spin off is a move of desperation and also allows someone (Apple?) to please buy the company without the headache of Ebay itself attached."

    Like Steve Ballmer who never seemed to recognize that the world was changing while he was running Microsoft into the ground relative to it's fast-rising competitors, CEO John Donahoe has caused the Ebay marketplace to stagnate in relation to it's competition which has far surpassed this once-dominant e-commerce company.

    Both pushed uninspired and somewhat second-rate technology while charging premium prices, leaving it to competitors to take the lead at the cutting edge with innovative ways of serving customer needs. If Ebay's John Donahoe really didn't recognize the threat of Apple Pay to the only remaining strong growth segment of his company until now, it confirms that his apparently unseemingly hurried decision to spin off Paypal reflects what small Ebay sellers have known for years, that as Carl Icann publicly stated earlier this year, Donahoe and Ebay's BOD are "dysfunctional."
    Oct 1 03:25 AM | 2 Likes Like |Link to Comment
  • Bubbles As Market Efficiency [View article]
    "We saw (see) the parallel to the "shoe shine" theory in the last decade (currently?), except it was those "far smarter" investors that were captured by flawed assumptions."

    "Financial resource allocation and market efficiency should be tied together via profits, but central banks offer artificial profit subsidy."

    Once again in the annals of historic bubbles, and perhaps this latest asset inflation will yet prove to be THE historic bubble, government massaged statistics are being used by the best and brightest as a basis to feed copiously printed fiat scrip backed by unparalleled quantities of debt paper supported by artificial profit subsidy as though it were a foundation of granite, demonstrating a faith in the Federal Reserve and the taxpayer balance sheet they assume is always their backstop that buying the dips can never go wrong again.
    Sep 30 09:39 AM | 2 Likes Like |Link to Comment
  • Common Sense And The Foolishness Of Income Redistribution [View article]
    "If you want to see the end game for Keynesian Economics, Fiscal Policy, Income Redistribution and Nationalized Health Care, visit any one of America's in situ third world nations: Native American reservations. Poverty, crime, filth, violence, and alcoholism run rampant."

    "The only exceptions are ones with casinos: palaces of risk-taking and capitalism. But most progressives oppose casinos."

    And don't forget that Native American casinos function without the plethora of US government mandates and taxes that have stifled the private economy and entrepreneurship on Main Street that is by some measures the lowest in modern US history during this statistical "recovery" fraud.

    Low-tax and low-regulation "enterprise zones" seem to have been abandoned, no doubt because they lay waste to the progressive's wealth distribution/destruction fantasies that they build their careers on, via OPM from some hardworking entrepreneur or taxpayer whose fundamental right to the fruits of their own efforts and labors they do not respect. Thus, the weight of metastasizing and fraudulent academia and government careers, programs and recipients has cast the obvious improvement of prospects for business success results from reduced government waste, fraud and abuse down the Memory Hole even while these same educated and overpaid fools chase the likes of Musk's Gigafactory with promises of.....reduced compliance costs and taxes augmented with outright grants.

    Unfortunately the feeding frenzy for special favors has also increased undeserved rewards at the top while reducing median income in the US, such that Wall Street and the very rich and powerful increasingly maintain their status via a corrupt circular game of kickbacks and special deals even as the cost of bloated government can only be maintained via the largest ponzi scheme in history, government promises/entitlements and Treasuries. Lies at the root of the wealth redistribution concept has long produced an expanding universe of wealth destruction and dependency that will be revealed to be as unwelcome a sight as the Emperor's New Clothes when the tide goes out on the vast empire of paper dollars and paper promises to pay when reserve status is no longer awarded to US fiat currency.
    Sep 29 02:06 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Global Markets Digest Slide In U.S. [View article]
    It's deals like this one that will give unions new influence as average people struggle in a Main Street economy that finds them long losing ground and see so much lavish dealmaking and crony capitalism at the top. Whether Hyundai and Kia executives paid 3X the value of the land for primarily for ego gratification or for mostly for insider kickbacks, the massive compensation at the top in the West while most of their societies continue to languish in a ridiculous debt-induced economic coma labeled "recovery" seems destined to create major conflict once this financial paper crackup boom hits the limits of moneyprinting and debt issuance.
    Sep 26 09:17 AM | 3 Likes Like |Link to Comment
  • Amazon: Signs Of Trouble Ahead [View article]
    Every dollar spent on management is a dollar not available for Amazon's operations. If it is their "plan" to go into debt and to splurge primarily on lush management compensation, investors may not conclude "it's not a problem at all."
    Sep 26 08:58 AM | 4 Likes Like |Link to Comment
  • Amazon: Signs Of Trouble Ahead [View article]
    "And by the time Alibaba truly cuts into Amazon's pie, Bezos will already be helping to ferry astronauts into space."

    Actually that is not a convincing rebuttal to the problem of Amazon's lack of profitability and allocating of most of it's operating income to management while stockholders and lower level employees are arguably exploited and now Bezos wants to follow Musk into outer space.
    Sep 26 08:38 AM | 5 Likes Like |Link to Comment
  • Remember, It Was The Great Recession, Charlie Brown [View article]
    "Notably, we would not even be talking about rising interest rates if there were no signs that economic conditions are improving."

    Actually, some might argue that the sheer magnitude of the ever-rising glut of debt-paper supporting the ponzi of government entitlements and corporate stock buybacks at peak prices, rather than true income streams, will be the main cause of long-delayed rising interest rates during this cycle.

    Rather than portending a genuine economic recovery, rising interest rates will be fatal to the non-productive Western debt load that has already driven our society well past the point of any hope of solvency. We are now in the "crackup boom" phase of the "new normal" created by the debt miasma and money printing excesses of "extend and pretend," which will end in anything but a normal recovery.
    Sep 25 10:03 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Treasury Tightens Rules To Fight Tax Inversions [View article]
    "darn -help me understand how business is being killed. CEO/exec suite compensation is outrageous."

    The answer is, there is state-sanctioned "private" oligopoly, TBTF corporations, "private" businesses which profit mainly from government contracts and influence peddling that only grows as government metastasizes. Executive compensation skyrockets and is even maintained at "prevailing levels" via taxpayer bailouts while shareholders bear the burden of fines which never personally touch upper management in the influential public/private career revolving door sectors.

    This has little to do with actual private enterprise and entrepreneurs whose compensation depends on profiting from selling a product or service at a profit to buyers acting on their free will.

    It's a game: Heads, they win, tails, we lose.
    Sep 25 09:06 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Treasury Tightens Rules To Fight Tax Inversions [View article]
    If a VAT were added, the income tax should be eliminated. There is no use in merely reducing any government program or tax because, it ALWAYS gets expanded again later. Adding another tax must be accompanied by the complete eradication of another.

    VAT may have a huge advantage for the American economy by taxing consumption rather than income, especially if accompanied by the elimination of the Gestapo organization and tactics the IRS has used on Americans. And taxing everybody's consumption rather than selectively taxing incomes via a politically driven and insanely complex tax code would highlight to everybody the ridiculous expense government now costs Americans.
    Sep 23 09:07 AM | 7 Likes Like |Link to Comment
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