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  • I Was Asked: Whatever Happened To Inflation After All This Money-Printing?  [View article]
    "The American people are the wealthiest in world history, have never been wealthier, and own literally a third of the combined wealth of the entire human race."

    Exactly - financial asset price inflation has taken policy precedence over all else, blown skyward for an unprecedented 7 years official job-free statistical "recovery" by ZIRP and NIRP Fed policies whose encouragement of increased borrowing raises asset prices and feeds yet again more borrowing and leverage. The resultant "wealth effect" which fails to trickle down to raise the net worth of the bottom 150 million Americans sufficiently to equal that of the top 20 Americans, will in due course reveal the ponzi scheme it actually is having provided another round of of gross malinvestment and parasitism whose beneficiaries are Washingon's and the Federal Reserve's core consituency.
    Dec 27, 2015. 11:35 AM | 13 Likes Like |Link to Comment
  • Wall Street Breakfast: How Low Will Crude Go?  [View article]
    "Amazon scrapping its drone program? The news of Amazon looking for 20 767s makes me wonder if the whole "you must register your drone" program was enough for Amazon to step up to the bigger delivery vehicle."

    No, those are probably additions to it's fleet of executive jets. Amazon leads the way in spectacularly overpriced stock valuation with which to compensate it's executives, build an exorbitant headquarters and pay for any projects Bezos dreams up on any day of the week.
    Dec 18, 2015. 08:59 AM | 2 Likes Like |Link to Comment
  • Apple: Strategy Behind Retailers Discounting Apple Watch And iPad  [View article]
    I am quite skeptical about the premise of this artcle.

    Discounts are usually a sign of weak demand rather than a brilliant policy of brand strategery. Ipads are not selling nearly as well as fanbois predicted and putting Iwatches into the same bargain bin lends a certain amount of guilt by association: That these discounts primarily a result of sales weakness with major implications for Apple's stock price and future growth.
    Dec 18, 2015. 08:33 AM | 20 Likes Like |Link to Comment
  • Wall Street Breakfast: Is It The End Of ZIRP As We Know It?  [View article]
    "We are a wealthy country and we can absorb the costs but it can eventually be 'death by a thousand cuts'!"

    Exactly, except the endless and monumentally expensive and burdensome dithering that our lawyer-trained sold out politicians and bloated bureaucracies administer in lieu of solutions because it begets more funding and more dependent constituencies is now existentially threatening the real wealth-making capacity of the US. "Eventually" is here.

    Thus it is now for the very survival of the US as a society and economy that offered the opportunity of just rewards for merit and solutions via it's historically relatively free market economy which built the most wealthy and prosperous of societies that is now so threatened by the morass of laws and stipulations, financialism and cronyism and enlarging the populations of dependents to administer to where "success" is presently found that the political debates are finally moving beyond the stifling doctrines of political correctness that really function to keep the present dysfunctional order in place while productive citizens who value freedom and retain common sense remain immobilized and silent.
    Dec 16, 2015. 08:44 AM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: China Data, Oil Rout Weigh On Markets  [View article]
    The suspicion by working people of our "leaders," media, "public servants" and academia cannot be underestimated as fuel for Trump's messages. Because there is such a sense that our elites act with so little concern for the welfare of our country and way of life as median living standards and all other standards proceed in decades-long long decline, there is proving to be a surprising amount of dry tinder ready for the spark Trump has ignited.

    Leaders and elites who have failed to show enough common sense not to attack the very free enterprise that once provided the world's highest standard of living along while they have imposed relentless social change that forces acceptance and government benefits for every liberal cause from gay marriage, climate change (they can't wait to tax the air) to tens of millions of illegals a majority of whom statistically remain on welfare for decades, while prioritizing attacks on Republicans, conservatives and the 2nd amendment rather than rationally addressing real security dangers to our country are beginning to reap what they have sown.
    Dec 8, 2015. 09:51 AM | 10 Likes Like |Link to Comment
  • The Last Days Of Marissa Mayer At Yahoo  [View article]
    "I actually feel sorry for Mayer. She should have chosen a startup, instead."

    Oh, pullease! Mayer has many tens of $millions to console her, including her enormous bonus upon the sale of the gift of Alibaba shares Jerry Yang left behind for Yahoo.

    What is the evidence she could compete running a startup when she clearly has shown no green thumb with the young acquisitions she was positioned to acquire thanks to Yahoo's balance sheet? It's lights out time for her and unfortunately, for the company she has done so little for in exchange for enormous and excessive compensation she has been granted by Yahoo's stereotypical businesss-as-usual, asleep-at-the switch, rubber-stamp major corporate BOD.
    Dec 4, 2015. 12:26 PM | 2 Likes Like |Link to Comment
  • Housing Bubble 2 In One Chart  [View article]
    Thankyou Hugh Smith for yet another sane and insightful explanation of our insane economy and times.

    The markets weighing machine will kick in eventually despite the $trillions of short-term "votes" supplied by CB enablers at the disposal of insiders and cronies who are duly manipulating and leveraging financial asset prices skyward with once again every intention of leaving common investors and our society holding the bag when true price discovery at far lower levels reenters the equation.
    Dec 3, 2015. 08:12 AM | 5 Likes Like |Link to Comment
  • Valeant - Why Bill Ackman Is Scared  [View article]
    freed0m - At least Coke isn't digging into taxpayer pockets to subsidize mult-hundred percent increases in the price of their products.
    Nov 15, 2015. 11:26 AM | 1 Like Like |Link to Comment
  • Valeant - Why Bill Ackman Is Scared  [View article]
    Ackman's cluelessness installing Ron Johnson as CEO at JCP and stubbornly sticking with his "transformative" policies of issuing debt to burn cash targeted towards turning the frumpy chain into upscale boutiques more in line with his Apple Store background while insulting his economically challenged core customers and ending the discount coupons that attracted them is yet another of Ackman's epic serial blunders that should be remembered.
    Nov 9, 2015. 08:27 AM | 16 Likes Like |Link to Comment
  • This Time Is The Same- And Worse!  [View article]
    "And I will be long gone by the time it is raining doom."

    That would make you a rare exception among the always-buy-the-dipsters who all believe they will know when to get out with the vast preponderance of their paper gains intact.

    But that NEVER happens at the end of a cycle, and as Stockman warns with such clarity and detail, the implosion phase of this ludicrous worldwide credit expansion cycle and it's impact on financial paper may well eclipse all those that ever preceded it.
    Nov 5, 2015. 11:49 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: FOMC Meeting In Focus  [View article]
    "Why overpay when you don't have too???
    Seems someone is getting some extra money somewhere."

    Spreadsheet analyses may make a convincing case of actual synergies although the familiar corporate financial engineering merger "activity" designed primarily to reward Wall Street with outlandish fees and executives with supersized padded bonuses has become all too prevalent.
    Oct 28, 2015. 10:11 AM | 1 Like Like |Link to Comment
  • eBay: Still The Same Old Story  [View article]
    This article maintains that Ebay's problem is that it is "perceived" as a "platform for used/discounted goods," and that "this perception requires a significant amount of marketing spend to address."

    At least the headline, "Ebay: Still the Same Old Story" is correct. The rest of the article seems to assume that the site needs to be something other than what it is and needs to spend a lot more to get that word out.

    Well actually, Ebay needs to capitalize on it's unique core strength of highly involved small sellers who have always spent more time and money on that site than do users involved with almost any other site, whom Ebay management has seen fit to chase away with onerous and crazy rule changes and fee increases. Why not cater to sellers who will sell $50k and up and go right back and spend it on purchases from the site and offer massive free viral support rather than compete for the same $500/year buyers by spending a lot more to get the word out for offering the exact same Chinese merchandise that can be found on any other site?
    Oct 23, 2015. 08:25 AM | 6 Likes Like |Link to Comment
  • eBay: Cautious Ahead Of Earnings  [View article]
    Some changes will be made to correct one egregious abuse of small sellers - the kaleidoscopic myriad of avenues a "seller defect" can be picked up which all but guarantees a "below standard" rating for all but purveyors of mass manufactured new merchandise such as Chinese resellers, but this won't take place until February. And they will add a new requirement of 30-day money back guarantees to maintain a "top rated seller" status.

    Meanwhile, Ebay can continue to milk the extra 2% of fees they now impose on all but the very few remaining top rated sellers. This "change" continues to be typical Ebay: Any incremental improvement for small sellers is too little, too late and will be offset by some new requirements when a wholesale "welcome back" campaign for small sellers is desperately and objectively needed since the site is so nearly picked clean of it's former plethora of unique merchandise and bargains and replaced by a useless and boring shadow of Amazon that Ebay's marketplace failure is becoming more obvious as it accelerates.

    These are the real issues and problems. The site has not been destroyed by a now-distant hacking scandal, rather it is dying at the hands of it's clueless management's policies starting with former CEO John Donahoe, and the accumulation self-inflicted problems which have destroyed the Ebay marketplace now need attention with great and decisive urgency. Only then can it's stock become a potential buy.
    Oct 20, 2015. 08:31 AM | 1 Like Like |Link to Comment
  • Summary Of My Post-CPI Thoughts  [View article]
    Thanks for an unequivocal, unambiguous, bracingly clarifying and forthright stand calling for 2.5% and rising MEDIAN inflation ("But the sign is clear. Inflation is heading higher"), with an explanation of the importance of that metric.

    As a fairly median-level consumer whose lying eyes seem to have found more inflation in my budget than any of these figures purport while giving appropriate thanks for the reprieve in fuel prices for now, this article delivers an important message while citing the 70's that a crummy economy such as this cannot be considered free of inflationary dangers and that the Fed can be easily blindsided now as it was then and signs amid today's endless deflation chatter.
    Oct 17, 2015. 09:41 PM | 2 Likes Like |Link to Comment
  • Can Yahoo Survive?  [View article]
    Why be sarcastic about criticism of Marissa Meyer when her pay package comes in at $42 million this year, a huge jump, something we all can marvel at, and yet the results and future of the core company continue to flounder and decay?
    Oct 16, 2015. 01:32 PM | 2 Likes Like |Link to Comment