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  • Tesla: Importance Of The GigaFactory [View article]
    Too bad Saint Musk has guaranteed resale value of the cars Tesla is selling now. Too much of an improvement in the new models and the company will take a big hit subsidizing the reduced trade-in value of the cars they have already sold.
    Feb 4, 2015. 07:32 PM | 6 Likes Like |Link to Comment
  • Greece Just Blew Up The Empire's Death Star Of Debt [View article]
    This article is a welcome respite from the prevailing status-quo propaganda that elevates the interests of the most imprudent lenders and their beneficiaries above all else; a message that is needed urgently in the West before a great middle-class civilization succumbs completely to pauperization by the elites.

    The lessons of Iceland which escaped most of the paralysis and debt-slavery that is enveloping the West are buried under either silence or "moral" criticism. Clearly the issue of propping up bad loans, vast as they are, is central to the chances of survival that remain to individual freedom and real choices and opportunities in middle class Western societies whose abundance was once recognized and widely valued, or subservience to undeserving elites which may take generations or centuries to reverse, if ever.
    Feb 2, 2015. 02:19 PM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Pressure Builds On China As Manufacturing Slows [View article]
    Congratulations, gggl! In all the talk I've heard on sports radio and occasionally on TV the point about the validity of calling for a pass on Seattle's last possession hadn't been made, and now it sounds like the right call.
    Feb 2, 2015. 12:55 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Pressure Builds On China As Manufacturing Slows [View article]
    "Some say use them as laborers on highway projects, or other civic forms of labor. Problem is -- all that work has been 'privatized' as well."

    Not sure that the aspects of government which are "privatized" are the main obstacles to putting unemployed to work, or at least giving the taxpayers some service for the dollars that are spent on their behalf for their enforced generosity. Proliferating public employee unions are notorious for ensuring that none of their overpriced, poorly-delivered services have competition or meaningful evaluation.
    Feb 2, 2015. 11:45 AM | 4 Likes Like |Link to Comment
  • IBM hikes Rometty's compensation for 2015 [View news story]
    "The CEO of IBM has one of the toughest jobs in Corporate America."

    Who made it so tough? Management arrogance and overcompensation built upon their policies of Enron-inspired stock manipulation above all else while the future rushed past IBM in so many ways even Wall Street at the height of this historic smoke and mirrors market can't believe their disguise of financialist lipstick any longer.

    Think HP in the ill-treatment and axing of vast numbers of employees just to make it through the next quarter's C-suite bonuses, without sufficient thought of the future after all the gimmicks are used up. A shame that these executive-padding shenanigans are so typical of ZIRP-entitled American corporations these last 6 years. Rometty should be sacked Monday even though her severance package is no doubt outrageous.
    Feb 1, 2015. 01:04 PM | 3 Likes Like |Link to Comment
  • We Ignore Unintended Consequences At Our Peril [View article]
    The expectation that "growth" was going to save the latest epic round of debt increase was always going to fail since nothing has been done to clean out the economic system of grifters, parasites and other assorted entitled types who are now completely in charge. They have been frozen in place courtesy of looted taxpayer and multinational corporate balance sheets throughout the West. These are interests which feed off OPM, where losses taken apparently rarely affect them directly enough as a personal financial or career loss.

    And since the experiment of painting the prettiest numbers possible by any means necessary, most notably the lowest interest rates in history for privileged borrowers juxtaposed with the greatest level of debt in history in Western economies, along with GDP "increases" and multinational corporate per-share "profits" that take little notice of debt, while entitlements, regulations and costs continue to skyrocket does not create an environment in which genuine entrepreneurs can create a genuine recovery. This demonstration of corrupt academic and insider empty suits running the economic show into disaster must either end in endless servile bondage to an all-powerful state a/la the Soviet Union to which the police state of 2015 USA is all-too-similar, or in sufficient creative destruction to create the environment for real markets and real growth once again.
    Feb 1, 2015. 08:31 AM | 7 Likes Like |Link to Comment
  • The Wreck Of The Monetary Hesperus [View article]
    "ZIRP forever, I would NOT be surprised to hear the Fed say, no rate hikes until 2016. If that does happen, the market soars. Just watch."

    Actually, as the realities of the real economy make their unwelcome presence known, the ritual incantations and offerings of snake oil by the Fed are sure to lose their magical powers one of these times.
    Jan 30, 2015. 08:38 AM | 2 Likes Like |Link to Comment
  • Pre-Packaged Baloney [View article]
    "This is all good for restraining velocity, since lower rates tend to keep money velocity low…except that velocity is already lower than it should be, for this level of rates."

    So "stimulating" the economy can scarcely have been the focus of Fed ZIRP policy for at least several of these long years since the most dire stage of the 2008 Wall Street meltdown if they are aware that it is a fact that lower interest rates tend to lower velocity, which sounds like something they would have picked up in Econ. 101. Too bad Main Street is increasingly disregarded with each additional lie that is intended to prop up the status quo each of which adds to a vicious circle of increased Main Street marginalization, more ammunition for the stock options and lobbying clout of the 1% and thus further lies, damn lies and statistics to prop up and dress up the public and multinational corporate debt-induced Potemkin Village of policy "success" that fails to arrest economic decline for the many.
    Jan 29, 2015. 09:55 AM | 2 Likes Like |Link to Comment
  • What To Hold In The Face Of Deflation [View article]
    "Bottom 50% paid 3% of taxes."

    No, that figure is only for FEDERAL INCOME TAXES. Last time I checked, the level of hidden, nuisance and other taxes charged to ordinary Americans by every level of government is astronomical and ever-expanding.

    The Federal income tax initially applied to only the top 3% anyway, so it is not an 11th Commandment that dragging every low-earner Main Street American into that particular tax is as necessary to satisfy any rational definition of justice as is so casually and erroneously tossed about on SA.
    Jan 27, 2015. 08:59 PM | Likes Like |Link to Comment
  • What To Hold In The Face Of Deflation [View article]
    "No one likes big government. But government must be big enough to enforce the law against everyone equally."

    Actually since larger government needs larger revenues, it is at least equally as subject to kissing the feet of it's largest benefactors as is smaller government. More so, since government that becomes a larger player distorts markets and becomes a major contractor in it's own right. It's effects on the economy thus enlarged, there is more reason than ever for lobbying by status quo interests to escape regulatory control and taxes by government influence peddlers and to win contracts, creating just the unholy alliance that exists between Wall Street/multinational corporations and the US government now that has already thrown Main Street America under the bus.

    Just how big does our government be to "enforce the law against everybody equally," and just how does this alleged benefit which hasn't been much in evidence during the last century of relentless government growth, suddenly appear?
    Jan 27, 2015. 11:21 AM | Likes Like |Link to Comment
  • Why Does Amazon.com Keep Cleaning eBay's Clock? [View article]
    Paulo Santos - Fees were once around 3% rather than 10%, and that 10% is now levied on shipping costs as well. Plus Paypal fees of 3%.

    Seller rules have been repeatedly and summarily changed over John Donahoe's tenure to favor the buyer almost 100%, examples of which have been documented by other comments here. There has been wide variation in the factors which can lead to seller suspension which has been a process of trial and lots of error, but this has happened to many small sellers who receive only a few officially designated "seller defects" if they happen to be a large enough percentage of their small sales numbers. Meanwhile, "feedback" to buyers is a joke since only positive comments are allowed.

    It appears lately the hurdles for sellers are being tightened in an ongoing process primarily to reap increased fees by making it now nearly impossible for a small seller to remain "above standard" and qualify for a 2% reduction. Subsidized large resellers and retailers of mass merchandise face little of the problems and misunderstandings the former Ebay base of small sellers of unique and used items cannot avoid with the occasional buyer who has remorse or misunderstood a used item that looks more used than they expected. These could be rectified with reforms that don't throw the baby out with the bath water, but working constructively with the types of individuals who made up the smashing success Ebay once was is apparently beneath the elites who run the show there now.
    Jan 26, 2015. 11:04 AM | Likes Like |Link to Comment
  • Why Does Amazon.com Keep Cleaning eBay's Clock? [View article]
    "The reason for eBAY's problems is that the consumer looks for the best deals most of the time."

    Which is only one reason why it was not prudent for Ebay to axe it's small seller business and throttle the profits of the remaining ones who sell used and unique items since these don't directly compete with large retailers and resellers of Chinese products who dominate other venues.
    Jan 26, 2015. 10:28 AM | 1 Like Like |Link to Comment
  • Why Does Amazon.com Keep Cleaning eBay's Clock? [View article]
    "If you look at the entire year's 10-k's of AMZN, it is so obviously clear that their margins are next to none due to the phenomenon eBAY has experienced. And eBAY is a better business model."

    Exactly - Ebay's business model is so good that former Ebay CEO Meg Whitman said, "A monkey could drive this train." Yet, succeeding CEO John Donahoe and his BOD have not measured up. The auction format is such a natural free-market fit and gushing cash cow for the internet platform on which Ebay was first mover that it has taken a lot of greed and incompetence to bring it down to the also-ran status it occupies today.
    Jan 26, 2015. 10:04 AM | 1 Like Like |Link to Comment
  • Why Does Amazon.com Keep Cleaning eBay's Clock? [View article]
    Ebay has lost massive ground relative to it's two main competitors, Amazon and Alibaba, for reasons other than page and search "clutter." Rather than adapting their model to more casual users without alienating their main customers, small sellers who were once a source of intense viral support, incredible as that seems now, Ebay has made them unwelcome in every possible way while extracting hugely escalated fees in every overt and deceptive way available.

    If there is only room on the internet for two kinds of customer, the casual retail shopper and large professional retailers and resellers of Chinese products from Alibaba and the sites must reflect only this purpose, both Ebay and Amazon will both need to slice their fees considerably to compete.
    Jan 23, 2015. 01:25 PM | 4 Likes Like |Link to Comment
  • eBay: A No-Brainer [View article]
    "Most hated companies usually perform well..."

    No, eventually it catches up to them. American upper managements have never had and used such an opportunity to extract extreme compensation from their corporations and organizations such has occurred at an accelerating pace these last few decades. Especially since the advent of ZIRP rates for stock buybacks and elevated financial assets has created the perfect brew for accelerated plunder.

    These glorified managers using MBA 103 hack policies to pay themselves as uniformly above average genius entrepreneurs are becoming increasingly divorced from their customers whom are merely sheep to be shorn or slaughtered along with their workforces. Ebay is an example of the dangers this presents as it has grown at a far more tepid pace than it's competition using CEO John Donahoe's exploitive Bain approach on it's main customers, small sellers, and this has rendered it's size and future prospects relative to it's now-formidable competition, second-rate.
    Jan 23, 2015. 10:23 AM | 11 Likes Like |Link to Comment
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