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Leftfield

Leftfield
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  • Lack Of Productive Income Dooms Lack Of Demand [View article]
    "If the labor market was growing and healing as has been proclaimed incessantly, then why haven’t these measures moved back toward what would fairly be considered “normal” behavior?"

    More than ever the political class works for the moneyed class and the labor force is marginalized. This trend has reached such a point that Fed policy gets away with it's ongoing focus on preserving zombie assets on it's clients' (TBTF Wall Street banks) balance sheets while calling it a "recovery plan" for the economy as MSM applauds under the most concentrated major corporate ownership in US history.

    Truth is seemingly permanently hidden under hollow statements by the hollow men and women who are completely in charge now.
    Apr 3 04:55 PM | 2 Likes Like |Link to Comment
  • Economic Consequences Of Income Inequality [View article]
    "To be clear, I'm not looking to impoverish anyone. I'd be fine with an estate tax that starts at $20 million and escalates to 50% or so at $100 million."

    Problem is, that's similar to how the income tax started. And government never sleeps in it's quest to grow itself.
    Apr 3 09:23 AM | 1 Like Like |Link to Comment
  • Real Median Household Income Rises 1.2% In February [View article]
    Tack - Actually the MSM in the hands of it's highly concentrated major corporate ownership is pumping the status quo for all it's worth along with it's partners in Washington DC.
    Apr 1 10:20 AM | Likes Like |Link to Comment
  • Real Median Household Income Rises 1.2% In February [View article]
    JasonC - "The American people own a quarter of the wealth of the world..."

    Not after this latest financial assets bubble pops.

    "They benefit mightily from the success of capitalism..."

    Not the sufferers of the declining median incomes you disparage, and besides, the extent of government socializing the losses of the powerful "capitalists" now renders them something more like mandarins who now own the system and write their own rules. That this "success" at the top by any means necessary has not been beneficial for the median in the US is a concern to many and does not bode well outside the narrowing circles of concentrating wealth at the top.
    Apr 1 07:29 AM | 2 Likes Like |Link to Comment
  • The Problem With The U.S. Stock Market And The Economy [View article]
    "How much worse do they do? What do the studies show for private vs public sector efficiency?"

    Whose money is it? Government spending comes from the pockets of private individuals and enterprises, so they should meet a higher standard and stop being so hamfisted greedy with OUR money.

    Of course, the only standard the government cares about is that they can employ force to take our money, and that too many members of society are either on the take or just too willing to go along because they are just so used to government having us by the b--ls. Otherwise known as the Stockholm Syndrome.
    Mar 31 01:38 PM | 2 Likes Like |Link to Comment
  • The Problem With The U.S. Stock Market And The Economy [View article]
    Conveniently forgotten in the discussions of depressions and their solutions is the early 1920's depression that Warren Harding and Calvin Coolidge solved with such dispatch and so contrary to the quackery of government spending advocates that it has disappeared down the memory hole and from these discussions.

    The contraction was very sharp but short-term, solved with severe government spending reductions, thus freeing the private sector to respond to the legitimate signals of business opportunities that emerged from declining asset prices and costs. This commonsense methodology delegitimizes the statist, status-quo interests that benefit from keeping their special privileges intact that now encompasses collectivising the losses on vast sums of fraudulent Wall Street paper in partnership with fundamentally unsustainable levels of government perma-spending precisely because it worked and would work again, so well.
    Mar 31 12:51 PM | 3 Likes Like |Link to Comment
  • Tesla cuts deal to keep five N.Y. stores [View news story]
    "No, a choice between two scumbags isn't really a choice."

    Except, if there is no solid reason to return an incumbent, the opponent should get the vote. Sadly, the public responds like trained monkeys to name recognition, and corrupt crony sellouts cements the 95%+ incumbent reelection rate that guarantees that the same old tricks will continue for the next term, every time.
    Mar 30 01:30 PM | 3 Likes Like |Link to Comment
  • What Seeking Alpha Is Doing To Prevent Paid Stock Promotion [View article]
    hii98 - I'm not sure why there is such focus in this thread on short-side manipulation, when it is the long-side pumping of stocks, with excessive and one-dimensional cheerleading in the commentary that most frequently gets my attention. That aside, I believe like and dislike buttons can be abused even more readily than organized commentator threads.
    Mar 27 11:46 PM | 7 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    TakeFive - I can hold my silence no longer: Denver and by extension it's millenials is no more relevant to most American Cities than is San Francisco or Washington DC.

    It's one of the places where well-to-do leftists congregate to escape the collateral damage of their socialist agendas.
    Mar 27 11:39 AM | 6 Likes Like |Link to Comment
  • Tonix's Clinical-Stage Drug, TNX-102SL, Is Completely Unneeded [View article]
    The relentlessly positive spin by commentators on SA for this company seems to excessive to appear credible. It is helpful to have a sober analysis on the other side.

    A number of small stocks are now going stratospheric fueled by momentum and barely slowed by immediate stock dilution, what a coincidence, after 5 years of the Bernanke Put and massive financial asset inflation. This is the kind of froth that marks market tops.
    Mar 27 11:34 AM | 6 Likes Like |Link to Comment
  • No Longer Posting At Seeking Alpha [View instapost]
    Tom - Sorry to see you go; hope you reconsider.

    Pump and dump seems rife and often obvious on SA but the internet generally is wide open territory for anyone's post and it requires and I believe, helps develop skills of discernment. The interactive nature of SA aids this process enormously despite the pump stories which are loaded with fanboy comments, but these can be avoided once spotted. But also the level of commentary on SA often rises to very high levels of insight and expertise. It doesn't require accreditation to participate, so ideas must be ascertained and judged by the participants and users and they sink or swim on their own merits.

    It will be a shame to lose one of the very positive influences on the site because of the bad apples.
    Mar 27 10:28 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I'm not really worried about protecting the top 1%; they've done very well for themselves.
    Mar 27 08:26 AM | 4 Likes Like |Link to Comment
  • The Fed Is Backed Into A Corner With No Way Out [View article]
    A fine overview of the true nature of the strange forces that has driven equities aloft with no real-world explanation worthy of the stupendous levitation that has been exhibited.

    Demonstrating that the yen/USD carry trade is paramount in the Wall Street machine trading which is the true driver in the latest equities bubble which requires a degree of dollar strength in the face of it's declining acceptance by the rising economic powers headed by China, the increasingly extraordinary measures the Fed is now taking to preserve it including recent vast reverse repos and ending QE despite zero real-world economic evidence, and summing up with the centrality of the repeal of Glass-Steagall in the whole vast manipulation is a view of the serial Wall Street bubbles since the late 1990's that seems to illuminate the truth very well.
    Mar 26 07:52 AM | 3 Likes Like |Link to Comment
  • We're The Government, And We're Here To Help [View article]
    At some point the Fed stepping in to print yet another round of backstops for TBTF Wall Street risk assets and perpetual government spending orgies has to lead to a loss of confidence that will produce blowback that will truly shake or end the system of fiat paper creation as it now exists. IE: Astronomical interest rates AND plummeting value of the dollar sufficient to render further policies of dollar debasement and other tools to extend and pretend useless.

    Fed policies to eliminate any pain for it's constituents has stifled all normal feedback mechanisms long past most skeptics' expectations, but with China and Russia determinededly leading the BRICS away from the world reserve status of the dollar, risk assets and leverage bid to nosebleed levels AGAIN even as Western Main Street economies languish during "recovery," convexity and corrections to come could well resemble a huge dam breaking.
    Mar 25 08:54 AM | 2 Likes Like |Link to Comment
  • Economic Consequences Of Income Inequality [View article]
    Agreed that this article is as apolitical as it gets, although politics will unfortunately work it's anti-magic in sorting out the unsustainable mess Western societies are in.

    There is no future in devolving towards the serfdom that seems to be offered to the private economy by "both" sides in the present debate: The uber-haves buying all the influence they need to maintain and increase their advantages via the state while the state pretends to "help society" by fueling it's own growth and intrinsic self-serving malinvestment. Gainful employment will continue to dwindle as it will be serving the narrowing populations who benefit from bubbles, malinvestment and political clout.

    Political influence has largely brought about the present debt-saturated impasse that is crushing the former privately-employed middle classes in the West and it will unfortunately fall to political solutions to resolve the situation for better or for worse.
    Mar 24 10:40 AM | 7 Likes Like |Link to Comment
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