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  • The Economics of Shopping Malls [View article]
    Don't forget internet competition. That makes the overhead and features of malls far less necessary to many shoppers.
    Sep 2, 2009. 10:52 AM | Likes Like |Link to Comment
  • Added Comment on the Future of Electrical Power Generation [View instapost]
    Mayascribe, one explanation of rising oceans could be that we have been coming out of the last ice age. Just a thought, I'm no expert.
    But, the assembled beneficiaries of increased statism to fight global.., I mean, climate change give me pause. Especially since the mechanisms they advocate, like cap & trade, are too convenient beneficial for Washington and Wall St.
    I know people will squawk, but a simple tax on a unit of fuel would work the best to make people conserve. Great if it ELIMINATES some other tax (so it can't be easily raised later). Conservation would work wonders for efficiency, C02 and health.
    Sep 1, 2009. 07:42 PM | 4 Likes Like |Link to Comment
  • Cash for Clunker Homes Is the Real Expense to Taxpayers [View article]
    If the government is in fact raising risk premiums everywhere via misguided policies that will fail, as I believe, I see real estate getting into a long-term decline and malaise.
    Taxes are way too high to pay for grossly excessive, inefficient local governments who expect to raise taxes to pay for more of the same.
    Maintenance is expensive and with the declining rents I would expect and landlord-punishing eviction laws, eyesores will become common. This will drag down values and morale further. Roofs are very expensive. Who will pay when strapped owners walk from that expense?
    Baby boomers will need to sell, especially the McMansions they added to their gas-guzzling arsenals of SUV's.
    Government policies are insane, and the $8,000 subsidy is temporary. Therefore, I believe a generational shift against real estate will make it unpopular for a long time, further eroding interest at the margins.
    Sep 1, 2009. 06:39 PM | 2 Likes Like |Link to Comment
  • Where Exactly Is the Recovery Coming From? [View article]
    Our bloated government was enabled by false signals generated by ever-devalued Fed money. The same fuel that built Wall St. and credit (debt) for everything. Government knows it's life source is the funny money that enable it, so in turn, it enables Wall St.
    While it came on the backs initially of the unrivaled prosperity of our middle class society, it has floated free of the bonds of reality. Except, when the music stops, we'll have the reality of unpayable debt bondage and quite possibly compete servitude to a fascist state.
    Sep 1, 2009. 02:00 PM | Likes Like |Link to Comment
  • Brazil: Policy Changes Signaling New Era of Oil Production Underway [View article]
    With the ill-fated Keynsian fiscal "countercyclical flywheel" governments were supposed to run surpluses in good times, deficits in bad, but we run stupifying deficits all the time. Similarly oil producers have shot their load for immediate gratification.
    Brazil may do differently. Thus, they may turn out better than Argentina and soon, the US.
    Sep 1, 2009. 12:09 PM | 1 Like Like |Link to Comment
  • Annals of Pay Transparency, BofA Edition [View article]
    A few hundred $million paid back to the taxpayers won't cover one quarter's bonuses. You have to lover that mark-to-magic accounting that creates the phantom profits to go with the phantom stock units.
    Never phantom bonuses, though. Those are always upfront and immutable.
    Sep 1, 2009. 11:58 AM | 1 Like Like |Link to Comment
  • 'Experts' Claim 2M Jobs Created in August: I'm Skeptical [View article]
    The MSM has only 5 major owners. This concentration is being used shamelessly to pass lies from the government of the USSA that contradict previous ones. They endlessly touted small-business entrepreneurship as the wave of the future as it does create all the real jobs. Now that fact goes into the memory hole. It was convenient to cover the loss of traditional good-paying jobs with benefits since the 80's. To pretend that the markets forces were at work evolving our economy to new prosperity under NAFTA. This ended with TARP.
    Since politically favored large corporations and government are shedding jobs and the present line that small business is doubling job creation during credit starvation and downturn is so patently obvious, even the American public will notice the discrepancy.
    Peter Brimelow in Market Watch today suggests the discrepancy between Obama's shrinking poll numbers, the market rally and contrived green shoots may indicate an unease that may be resolved to the downside soon.
    Aug 31, 2009. 07:46 AM | 8 Likes Like |Link to Comment
  • U.S. Markets Flash Strong Warning Signals [View article]
    The Devil can mislead better than anyone as he knows the Bible better than anyone. GS knows technical trading signals better than anyone and they have taxpayer megabucks to play with. Now, more than ever, it may pay to watch figures and indicators that government can't game.
    Aug 30, 2009. 07:35 AM | 11 Likes Like |Link to Comment
  • Job Losses Are Not the Problem [View article]
    Net new jobs the last ten years I understand are all in government.
    Unless we have a credible healthcare, education, legal and financial system without the ever-mounting size of bloated government plus privatized gains and socialized crony losses, we won't just sail on to new, higher vistas.
    Aug 30, 2009. 06:42 AM | 25 Likes Like |Link to Comment
  • Reports of the Dollar's Death Are Greatly Exaggerated [View article]
    Like the small foreign cars that Detroit barely noticed decades ago are the bilateral deals BRIC countries are making without the dollar. Pesky fundamental problems unaddressed make for disasters later.
    The many far-off wars we have conducted with our $trillion/year military give evidence that we not only can't afford it, but it gets us into trouble.
    The manufacturing productivity, 3x the 70's, strikes me as an easy statistic to fudge with false inflation assumptions and other misleading inputs. How has this alleged progress improved the earnings of average Americans? Are these valid statistics?
    Seems like Rome; all kinds of imperial overreach and drama on the world stage while insidious rot from within remains glossed-over and unaddressed.
    Aug 30, 2009. 06:34 AM | 9 Likes Like |Link to Comment
  • With Getco and Company, Why Do the Rest of Us Bother Showing up? [View article]
    Another great, informative article. I just question the last sentence, where you say don't worry, it will all work out in the end, it always does.
    I think the jury is really out this time, with the financial sector, of which HFT is only a part, apparently buying Washington and controlling our future.
    As you state, the "liquidity" provided in financial "innovations" isn't there when you need it, and the inevitable "overkill" leaves the taxpayer with the bill every time.
    The financial sector exploits narrow windows, as you mention, for their profit and appear to create wealth for awhile. But, like the college student with $4000 on a credit card, someone eventually picks up the tab.
    I am worried that it doesn't "work out every time" because the increasingly obscene debacles have yielded increasingly obscene profits with an obscene taxpayer put.
    Aug 30, 2009. 06:04 AM | 8 Likes Like |Link to Comment
    Krugman is an MSM star, which provides only the last 5-minutes of history in their soundbite analyses. Makes selective amnesia really simple, which is a really big help to Krugman.
    Aug 29, 2009. 02:48 PM | 5 Likes Like |Link to Comment
  • U.S. Markets Flash Strong Warning Signals [View article]
    To CautiousInvestor's list of ingredients we lack for healthy recovery: Open honest decision-making.
    Good points that the technical "support" of these markets is based on such mush. The solidly known factors are negative. And, the whole house of cards is built on a crumbling "foundation" of people who can pay the bills, which can't be paid.
    I don't know how they allocated the $trillions to Wall St., but, to see propped, state-run failures like FNM and FRE constituting, I believe, 30+% of NYSE volume lately doesn't pass the smell test. 55% stock ownership in the hands of 1% doesn't help.
    China can pay the bills, but their own corrupt system is trying the bubble and crony approach which isn't what brought the US to the top once upon a time.
    Aug 29, 2009. 02:08 PM | 2 Likes Like |Link to Comment
  • WHO GOT TO JUDGE PRESKA? [View instapost]
    No search of NY Fed files because they represent that as "fruitless." Now we know it will be as the Madoff treatment affords them plenty of time.
    Of course, this sad twist keeps the divine right of kings intact for the Fed. Weasel words always favor the influential. So do mishaps like that of Elliot Spitzer.
    Aug 29, 2009. 01:49 PM | 2 Likes Like |Link to Comment
  • Pace of Insider Sales Continues to Escalate [View article]
    I am noticing more positive outlooks for stocks on SA lately as the bulls have made money and technicals can be interpreted positively despite blatant manipulation. Insider selling appears an excellent reality check, thanks.
    Aug 29, 2009. 04:44 AM | 13 Likes Like |Link to Comment