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  • QE Doesn't Work, But It Will Work [View article]
    "The last thing the economy needs is 2% inflation unless there's a way to get 2% wage inflation with no price inflation."

    Unfortunately if that happens (it won't), Wall Street interests such as the Federal Reserve will suddenly discover the "dangers" of too much inflation because they are only on guard against wage inflation.

    Right now the elites and their stooges have never had it better as inflation in the tulip mania of financial instrument inflation ("good" inflation) reaches to the sky and makes the onerous cost of living that is crippling Main Street during this nearly jobless "recovery" a mere pinprick for them. Wage inflation would set them off in a panic.
    Sep 22, 2015. 11:01 AM | 2 Likes Like |Link to Comment
  • Greek Crisis: Structural And Institutional Drivers [View article]
    "And it does call for the Greek people to engage in some serious soul-searching as to the nature and quality of the political leadership they elect. Especially, given the fact that they are about to go to the polls on September 20th."

    Not unlike voters in the US or anywhere in the West who are not entirely different from Greece. Greece is a few steps ahead but corruption and peak debt are well on their way to overtaking the ponzi finance worldwide that has led to countless looters and low information voters vying for an angle and for their piece of the public pie.
    Sep 17, 2015. 08:30 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Fed Decision Day Finally Arrives [View article]
    "The deal means GM (NYSE:GM) will be charged criminally with hiding the defect from regulators and defrauding consumers."

    Now we see the purpose of granting corporations personhood. GM can be deemed a criminal while the actual individuals who made the decisions that led to deaths escape sanctions.

    The government gets it's piece of the action, in this case, $900B. Everyone who actually counts winds up pleased with the outcome.
    Sep 17, 2015. 07:57 AM | 12 Likes Like |Link to Comment
  • Meg Whitman As Shiva, The Destroyer [View article]
    Meg Whitman's only career plus is her tenure at Ebay during it's growth heyday when she accurately stated, "A monkey could drive this train." And she was followed by the disastrous John Donahoe who proved himself a loser in that comparison via policies so bad that the company today has the growth rate of a public utility.

    American corporate CEO's, C-suites and B'sOD are so lavishly privileged in the rewards they bestow upon themselves that they feel free to deem knowledge and true understanding of their business, workers and customers, beneath them and their manipulation of spreadsheets and financial engineering and they perfectly demonstrate the futility of throwing money at people or problems, beyond insider enrichment.
    Sep 16, 2015. 02:41 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Global Markets Mixed As Fed Approaches Center Stage [View article]
    deercreekvols - One of the toughest and most admirable callings and contributions to any society is that from great teachers. Unfortunately the system in the US is bloated with growing bureaucracies, including at the national level which never should have happened. And too many laws are constantly passed that have everything to do with phony "equality" and other politically correct nostrums at the expense of education.

    But bad educational policies date back at least to the substitution of "look say" reading methods rather than phonics, and "new math" in the 1960's. If the good teachers and the genuinely concerned public rather than the interest groups who want to sell bad textbooks, promote gay and every other form of special rights or push bad policies from on high from distant bureaucracies, can ever gain control of the public school system, it would gain far, far more support from critics many of whom very genuinely fear the skyrocketing expense, questionable results and political agendas of the present system.
    Sep 14, 2015. 08:23 AM | 22 Likes Like |Link to Comment
  • This Is Actually Going To Happen Next Year [View article]
    "The bottom line is that a growing GDP covers all sins. Our dynamic economy is our salvation, as long as it lasts."

    That the day of reckoning with economic sins is held off only by ever-more aggressive and garish government and CB policies is actually the point of the article: "Their argument, as far back as the 1990s if not the 1970s, has been that it makes no sense for the government to allow markets to clear the detritus of bad decisions. Instead, we should just borrow what it takes to satisfy all "needs" and print what it takes to pay the resulting interest. People will buy lots of stuff, "growth" will eliminate all imbalances, both moral and financial, and the system will chug along in equilibrium."

    The economic dynamism required to rescue the debts incurred for our latest crises is simply not there any more at this level of grifting and malinvestment at all levels of society. Genuine widespread economic recovery seems set to continue to take even more of a back seat to the status quo regardless the Orwellian police state required until or unless there is a catalyst that wakes up the public before it is too late, if it isn't already.
    Sep 13, 2015. 01:59 PM | 2 Likes Like |Link to Comment
  • The Chinese Boom And Bust [View article]
    "China has massive reserves and a enormous trade surplus."

    But like the elusive purported gold at Fort Knox and the leveraged financial paper of Wall Street, have these reserves been leased out, leveraged and simply stolen by elites on a massive enough scale to negate the security China's foreign currency accumulation supposedly represents? Even as the trade surplus dwindles?
    Sep 13, 2015. 11:31 AM | Likes Like |Link to Comment
  • Why China Will Never Drive Commodity Demand As It Did In The Past [View article]
    China intended to support the shift to consumer spending by following it's customary route, a bubble, in this case, via the stock market. This has failed.

    The good times for the 1% in China and everywhere else and for everyone who rode along for a wealth effect was accomplished the old-fashioned way, by tapping into cash flow. This was provided in by far the most gargantuan quantities in history, via worldwide CB debt market falsification and stupendous public and multinational corporate debt issuance.

    The lack of sustainable profits are a problem for the little people to worry about later, after the elites clean up. This has not been confined to China by any means, but now China, the first of the worst, is leading the breakdown of the worldwide debt ponzi despite making every effort to prop it up, which is ominous.
    Sep 9, 2015. 10:43 AM | 4 Likes Like |Link to Comment
  • EBay At 20: Showing Its Age [View article]
    "Another issue I have with eBay is that a lot of their sellers list items at high prices that are easily obtained elsewhere for much lower prices."

    Hits the nail on the head. It is another huge issue that Donahoe's free listing policy means the Ebay site is cluttered with useless listings that are eternal; literally 5 years or longer without selling.

    There seems to be no end of the waste some people will create out of a freebee and no end to Ebay management's cluelessness about the business of e-commerce beyond short-sighted gimmicks to gouge small sellers to subsidize their often stupid ideas and to ramp up the next quarterly bonus.
    Sep 9, 2015. 10:21 AM | 3 Likes Like |Link to Comment
  • EBay At 20: Showing Its Age [View article]
    No, the reduction in auction volume is not customer-driven so much as it is management-driven. By making things ever-more uncomfortable for it's mainstay of small sellers who individually may in turn purchase easily 100x the volume of Ebay's average buyer, Ebay management under John Donahoe drove these sellers away en masse and thus a spike in the heart of Ebay's unique free-market auction platform.

    Like JCP which accelerated it's fall to oblivion when it began to insult and cast aside it's core coupon-clipping customers to attempt to become some sort of upscale bazaar under former CEO Ron Johnson, Ebay now caters to the likes of Neiman Marcus who also compete heavily on their own sites rather than to the small sellers who built Ebay's former pre-eminence online. To say Ebay with it's second-rate execution must ape Amazon even more given it's deteriorating results gets things exactly backwards while ignoring the enormous and crucial role Ebay's policies of ejecting small sellers has played.
    Sep 8, 2015. 12:15 PM | 10 Likes Like |Link to Comment
  • eBay Marks 20 Years as Vibrant Global Marketplace, Introduces New App Experience to Discover Great Value and Unique Selection [View article]
    Nice try. Pretty words are always available to the publicity staffs of floundering companies suffering at the hands of inept leadership to paint lipstick on their pig, of mediocre results.

    In the case of John Donahoe who destroyed Ebay's once truly vibrant marketplace of small sellers of unique items, inept isn't a strong enough description in an age of internet commerce which lives or dies on the kind of viral support he could have recruited in small sellers - for free! - the lack of which now sees Ebay well back in the pack of marketplace sites it once dominated as first mover. Donahoe rather can be considered delusional for engaging in a battle against his best customers who provided Ebay's unique advantage, in favor of a second-rate attempt to ape Amazon, for which the best comparison would be with Ron Johnson who ran JCP into the ground.
    Sep 8, 2015. 11:10 AM | Likes Like |Link to Comment
  • Facebook Investors Deserve A 'Dislike' Button [View article]
    "I would have thought that by now it is clear even to the most pessimistic minds
    when it comes to Facebook that using that analogy simply makes one look.......
    well, unintelligent."

    Which is a good sign of a market top, since intelligence must be demonstrated through a complete market cycle before it can be considered as such, and statements like these most tend to flow like water at turning points as multiples of the most frothy companies reach closer to infinity and beyond.
    Sep 6, 2015. 09:46 AM | 2 Likes Like |Link to Comment
  • Facebook Investors Deserve A 'Dislike' Button [View article]
    Although I agree with the author, ads show up on my occasional visits to FB that are from other sites I visit and searches I have made, which is kind of creepy. But I will click on those occasionally and this technology seems far more effective and promising than the usual unfocused ads we all ignore and avoid 999.9% of the time.
    Sep 6, 2015. 09:39 AM | 2 Likes Like |Link to Comment
  • Exorbitant Privilege: 'The Dollar Is Our Currency, But Your Problem' [View article]
    " the amount of gold vis a vis anything else is a consequence of physics."

    Perfect. This, plus the unique physical qualities of gold and associated precious metals makes them impossible for grasping slimy politicians and entitlement-seeking voters to tamper with.

    Which is exactly the point of the article: That the present fiat currencies which have been manipulated by banksters and the above-mentioned politicians to heap abuse on real producers and true market discovery to benefit looters for so long and to such an extent that since the 2008 Wall Street meltdown and the phony "recovery" which has been purchased by a tragically comical increase in debt "backed" by mostly non self-liquidating debt "assets," there will be no place to turn outside of gold as the existential crisis of fiat scrip reaches it's self-inflicted terminal phase.
    Sep 4, 2015. 07:33 AM | 7 Likes Like |Link to Comment
  • Irrational Credibility [View article]
    "Normalize" will never happen absent financial markets clearing at less manipulated, i.e., much lower prices.

    Unfortunately, after all these decades of piling on ever greater layers of non self-liquidating debt and the vast malinvestment that has resulted, the carnage will be epic and far worse than it would have been without a central bank issuing US Treasury debt-backed fiat in the first place and all the contortions that have ensued to keep debt expansion always producing ever-larger bubbles to maintain the illusion of debt service that this bankster-centered financialist system our "leaders" have provided us with, requires.
    Sep 3, 2015. 08:30 AM | 1 Like Like |Link to Comment