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  • Is This A Coup, Or A United Europe? [View article]
    "That's why we elected Roosevelt. Stimulus works."

    Actually, Hoover's "solution" was to increase government spending. There was a time lag before it was clear the US was in a depression and it was too late for him to salvage the election running as a halfway progressive Democrat which most Republicans do. And, voters chose the real thing in Roosevelt whose government-centric "stimulus" was rather ineffective, but like all talented socialists, he was able to successfully advertise as doing the "best thing" with the "right motives" in a bad situation.

    Harding's and Coolidge's solution to the sharp 1920 depression which never became notorious simply because it was cured so quickly and effectively, was to cut government waste, fraud and abuse, get it out of the way so entrepreneurs have the necessary visibility of true market prices to get to work and hire. That works.

    Academics, TBTF banksters and political hacks will always go with more government, and the longer they fail at delivering their promises, since all they are really delivering is Hayek's road to serfdom, the more they double down since vested incumbent interests are brilliant at only one thing: Getting their hands into other people's pockets to further their own self-interest.
    Jul 15, 2015. 08:58 AM | 2 Likes Like |Link to Comment
  • Market Hits New Warning Signal Today [View article]
    "A weak recovery can last much longer than anyone expect."

    It used to be a weak economy was in a state of cleaning up it's act by allowing failures to take place including at the top rather than by loading up otherwise already record levels of taxpayer debt with more entitlements and bailouts for freeloaders with no prospect of a return to solvency. How long can this recoveryless and jobless "recovery" go on before teaser rates expire?
    Jul 14, 2015. 10:34 AM | 6 Likes Like |Link to Comment
  • Market Hits New Warning Signal Today [View article]
    The markets crashing in China are the first time this has happened despite full-throttle CB and policy ease. That all CB's are stuck on full tilt with the absurdity of record-high ZIRP bond prices despite record issuance and no room for more easing beyond negative interest rates. even more epic QE's and confiscation of private savings accounts would logically make some of the old saws and indicators less reliable at signalling when the sad state of the real economy on Main Street will reach the opulent sumptuousness at the wealth-effects party.

    Every effort has been expended to erase true market price discovery, the entire weight of global governments and banking system has been stuck on maximum stimulus mode and China's stock market crashed anyway. This may well be a harbinger that this time is different in really important ways.
    Jul 14, 2015. 10:22 AM | 11 Likes Like |Link to Comment
  • It Starts: Greeks Rebel Against Bailout, Risk Collapse [View article]
    All too true that Greece is first in line running out of other people's money to pay for their socialism. That said, it will only add to the economically suffocating depredations of the US entitlement society to ignore these lessons, since we also now have a long history of fully embracing the road to serfdom under the jackboot of the all-powerful state at every important turn.

    Meanwhile, creditors who lend to deadbeats and expect taxpayer bailouts when, surprise! the deadbeats eventually default, deserve none of the help from the taxpayer balance sheets they have been as busy eviscerating as their less-societally-elevated government check recipients whose aptly designated label of "socialist" applies at least equally to these looters from the 1%.
    Jul 14, 2015. 10:00 AM | 2 Likes Like |Link to Comment
  • Greek crisis talks head into day two [View news story]
    3) Who gets to pay the tab for all the bad and stupid loans to Greece et al that originate on bankster books?

    Hint: "Taxpayer" means "bagholder."
    Jul 12, 2015. 12:34 PM | Likes Like |Link to Comment
  • Greek crisis talks head into day two [View news story]
    Air343 - I bet you think you're brilliant.
    Jul 12, 2015. 09:11 AM | 4 Likes Like |Link to Comment
  • Yahoo's Alibaba Failure [View article]
    Jul 12, 2015. 06:36 AM | Likes Like |Link to Comment
  • Greek crisis talks head into day two [View news story]
    Manipulation and increasing/absolute power"€74B is needed to cover its financing needs for the next three years - far more than the €53.5B Athens has requested."

    Manipulation and increasing/absolute power and corruption by banksters and bureaucrats has now overruled basic math, so it's all clear for the sheeple to keep buying the dips while they keep kicking that can.
    Jul 12, 2015. 06:34 AM | 1 Like Like |Link to Comment
  • Why China's Market Isn't Fixed And The Global Bubble Will Keep Imploding [View article]
    low wut - Exactly! And bail-ins, more mega bail-outs, and .1% savings accounts and then seized savings accounts (by law now they are only "unsecured loans" to the banks, ranking far lower than Wall Street derivatives which are now ranked ahead of senior secured debt) and when there is seems to be no end to the power of the manipulators, when their ponzi schemes finally go even more awry, true thuggery emerges as sellers face the consequences of jail time and whatever else Keynsian statist kleptocrats can dream up next.

    Those who cannot see these obvious consequences and results of delusional economics and power mad manipulation are placing their faith in obvious lies for personal gain or just because seeing the mounting worldwide insanity that accompanies the mounting insane debt, and power to manipulators and liars is uncomfortable, and at least they should be able to admit that truth has been officially buried long ago.
    Jul 12, 2015. 06:19 AM | 1 Like Like |Link to Comment
  • Time To Short Disney: Horrendously Expensive And Misunderstood [View article]
    "DIS has been boosted by a strong economic cycle and nonstop studio domination."

    Which can falter just as the fewest investors expect it.
    Jul 10, 2015. 07:17 AM | Likes Like |Link to Comment
  • Time To Short Disney: Horrendously Expensive And Misunderstood [View article]
    "Feels to me like MSFT in 1999."

    Might need to check that: Microsoft has always been hated as it's business model has been mostly to jam crap down people's throats due to their former "must-have" status which thankfully applies more narrowly now. Disney is loved, is much more akin to Apple, perhaps, which doesn't prevent either from a "lost decade" or worse given upcoming market conditions.

    Interesting point about Disney's problem creating successful games. That does resemble Microsoft's product failures and may show a cultural problem with imagination that fails to connect with a very important potential area of development and spinoffs that could really haunt them someday as areas of alternative media may become the huge profit staples of tomorrow.
    Jul 10, 2015. 07:15 AM | Likes Like |Link to Comment
  • Time To Short Disney: Horrendously Expensive And Misunderstood [View article]
    Quite specifically, in-demand original content is the one media segment which is considered to have a moat against unbundling, and live sports is king of all unduplicable content since sports reruns are, by definition, yesterday's news. Hence, Disney may be in just the sweet spot it's stock price indicates, and hardly a top candidate in a generally nosebleed market for shorting.

    While it's useful and informative to point out the possibility that articles generally gloss over the importance of ESPN to Disney, the stock, like most, seems to go it's way irregardless of articles as investing criteria of the really big money does not seem overly suggestible to evaluations that are in the public domain.
    Jul 9, 2015. 12:21 PM | 4 Likes Like |Link to Comment
  • Sears Holdings Valuation: The Transformation [View article]
    Update: The replacement refrigerator had a screw anchored in plastic holding a lot of shelf framing together that detached, so we had a service call. It was fixed satisfactorily and we weren't charged additionally for the model of refrigerator we ended up with.

    All in all, we are satisfied enough that we will look at Sears again for future purchases. Enough was made right in the end even though it was sometimes a rocky road along the way.
    Jul 8, 2015. 01:48 PM | 1 Like Like |Link to Comment
  • Ragin' Contagion: When Debtors Go Broke, So Do Mercantilist Exporters [View article]
    "It's quite obvious for most economists.

    Thanks for clarifying where this comment came from. Where are the Greek VW plants, by the way?

    The truth is as the article states. Customers of mercantilists like Germany (and China) are no longer able to paper over their impecunious condition with absurdly mispriced debt issuance because woefully insufficient reform since the 2008 debacle has been permitted by microscopic rates of interest to make borrowing and bailout costs placed on their taxpayers and future generations, the preferred policies of the incumbent elites, crony capitalists, treasonous politicians and academic economists, their easy choice.

    True organic economic growth leading to real wealth creation and improving solvency via these corrupt and contemptible ponzi policies has not occurred as even the IMF has inadvertently admitted, and the forces of Mr. Market are now indicating they are not that easily amused or diverted.
    Jul 8, 2015. 08:34 AM | 4 Likes Like |Link to Comment
  • Shock expressed as Greece has no new plan [View news story]
    "They have shown that paying their creditors is dead last on their list of priorities - anything they pay to anyone ever has to be viewed as completely voluntary."

    Can we not conclude then that worldwide policies of ZIRP and QE that have enabled entrenched status quo interests that should not receive another centime or dime to borrow for additional years before they finally shut down, has served to keep too many scoundrels, deadbeats, frauds and simply uneconomic recipients in place who would otherwise have long ago ceased to crowd out and warp the system by preventing real price discovery and recovery?
    Jul 7, 2015. 12:16 PM | 1 Like Like |Link to Comment