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zero1945

zero1945
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  • Eric Sprott's Gold Analysis Deconstructed: What The Gold Bulls Still Don't Get [View article]
    I saw that too!

    Quoting the CBO is laughably stupid. They are the biggest group of clowns in the entire government.

    Bwahahahahah!!!
    May 2 07:31 PM | 7 Likes Like |Link to Comment
  • Time To Be A Contrarian? [View article]
    The margin debt graph is pretty disturbing. Few people are talking about it though.

    It's amazing that we are going through this again so quickly.
    May 2 07:25 PM | 3 Likes Like |Link to Comment
  • Has Krugman Really Won? [View article]
    LOLOLOL

    I didn't make the original claim. If you make a claim, provide proof. Anything else is pure deflection.
    May 2 04:28 PM | 1 Like Like |Link to Comment
  • Has Krugman Really Won? [View article]
    It's pretty simple.

    If you state "It would have been worse." Then you need to provide evidence of such when someone requests it.

    If I say "Company XYZ will have good earnings next quater." I need to provide evidence of such.
    May 2 04:12 PM | 2 Likes Like |Link to Comment
  • Has Krugman Really Won? [View article]
    I don't want anyone to "manage" the economy. We are in this mess because the Fed "managed" the economy for decades with cheap money. The cheap money caused bubbles and here we are.

    I want people in charge who have actually been successful in life. People who have created business, paid out a payroll, and sold products to the public.

    I *do not* want academics who have never worked a real day in their lives making long term decisions for my children. Especially when these same people didn't see the mess coming.

    One last time, besides the stock market, where is the evidence the policy is working?

    Are we in another boom period? I don't see it.

    Are companies investing in CapEx? I don't see it.

    Are we seeing a dramatic increase in full-time employment (not part time as we've seen)? I don't see it.

    Are we seeing a large gain in median income? I don't see it.

    Are we seeing declines in food stamps and disability recipients? Not even close.
    May 2 04:08 PM | 2 Likes Like |Link to Comment
  • Has Krugman Really Won? [View article]
    Looks like I was right.

    You really don't have any evidence what-so-ever that the policy is working besides the stock market. Adding back the people who dropped out of the labor force reveals a double-digit unemployment rate. I could go on and on about the skyrocketing amount of people on foodstamps and disability but I'm wasting my time.

    The alternative is to allow the market to work. If banks and automakers fail, then they should fail. Protect depositors and wind down dangerous institutions. Same thing with automakers who were giving loans to anyone with a pulse and cranking out garbage products for decades. (This was actually the second time Chrysler was bailed out.)

    You are allowing academics with zero real-world experience to endanger the future of millions with unpayable debts. I have a serious problem with that.

    As for inflation, yes, it does indeed take time to develop.

    "It hasn't happened yet so that means it won't happen" is not a valid defense. It indicates you have the mind of a child who refuses to conduct any long term planning.
    May 2 03:39 PM | 3 Likes Like |Link to Comment
  • Has Krugman Really Won? [View article]
    What besides the stock market can you point to as a measure of success? Labor force participation rate? Food stamps? Median household income? Disability recipients? Mediocre growth?

    We've borrowed and printed trillions and the results really aren't that great. I just don't know how you come to a different conclusion. You can try to say "it would have been worse" but there is no way to prove that.
    May 2 03:09 PM | 4 Likes Like |Link to Comment
  • Has Krugman Really Won? [View article]
    Post office, Amtrack, the military, etc etc etc
    May 2 01:58 PM | 5 Likes Like |Link to Comment
  • Has Krugman Really Won? [View article]
    We've been borrowing for five years now. Why isn't it working?

    Trillions in printed money. Trillions borrowed. Mediocre (at best) results.
    May 2 01:26 PM | 2 Likes Like |Link to Comment
  • Treasury Bonds Still Look Attractive For The Months Ahead [View article]
    To the author: Did you read the TBAC report that recently came out?
    May 2 12:08 PM | Likes Like |Link to Comment
  • Has Krugman Really Won? [View article]
    Stimulus has resulted in increased stock and bond prices.

    I can't find much evidence that the Fed's printed money has helped increase real economic activity.
    May 2 11:52 AM | 2 Likes Like |Link to Comment
  • Draghi Being Open To Negative Deposit Rate Trumps Rate Cut To Drive Euro Down [View article]
    Trying to talk me in circles. Isn't going to work.

    You blatantly said the entity can't be insolvent because they have a printing press. That implies????????????
    May 2 11:45 AM | 1 Like Like |Link to Comment
  • The number of bond funds owning stocks rose to 352 in Q1, according to Morningstar, up from 312 in Q4 and the highest level in nearly 2 decades. "We believe that traditional fixed income (AGG, BND) is at a historic level of being overvalued," says Forward Management, explaining to investors why it's moved from about zero of their funds in stocks to about 50% over the last year. [View news story]
    So they advertise themselves as a bond fund but own stocks?

    Pretty under-handed.
    May 2 11:30 AM | Likes Like |Link to Comment
  • Draghi Being Open To Negative Deposit Rate Trumps Rate Cut To Drive Euro Down [View article]
    Makes me feel so much better that I'll get my money back (but it won't actually buy anything).

    People who make that comment must really think everyone around them is brain-dead.
    May 2 10:43 AM | Likes Like |Link to Comment
  • Draghi Being Open To Negative Deposit Rate Trumps Rate Cut To Drive Euro Down [View article]
    Step right up! Step right up!

    Now you can deposit your money into an insolvent European bank AND pay the bank the privilege for doing so!

    This offer won't last long! Buy now!
    May 2 10:06 AM | Likes Like |Link to Comment
COMMENTS STATS
142 Comments
262 Likes