Seeking Alpha


Send Message
View as an RSS Feed
View jhooper's Comments BY TICKER:
Latest  |  Highest rated
  • Political Antics Won't Hurt The Markets - Republicans Better Beware [View article]
    The irony of gov coerced healthcare rests on the argument that there is nothing more important than peoples health. So what will the gov do to you if you don't accept their control of healthcare? Well they will punish you. What happens if you resist? Then they will attempt to overcome you. What happens if you start to win that fight? Then they will shoot you.

    So to protect your health because that's the most important thing of all, they are threatening to kill you.
    Oct 12 10:20 AM | 3 Likes Like |Link to Comment
  • Political Antics Won't Hurt The Markets - Republicans Better Beware [View article]
    "Did we ask what have we to done to offend them? Nope "

    Looks like you are thinking like a hyperventilating right wing teahadists now.
    Oct 12 06:51 AM | 1 Like Like |Link to Comment
  • Political Antics Won't Hurt The Markets - Republicans Better Beware [View article]
    Wait, if the 30 are terrorists, isn't the enlightened response to ask, "What have the 435 done to upset them?" and then determine that the 435 have done something to offend the 30 and then have the 435 appologize?
    Oct 11 04:17 PM | 4 Likes Like |Link to Comment
  • Political Antics Won't Hurt The Markets - Republicans Better Beware [View article]
    "We are past the tipping point now. There is no return.
    I say that, at this point, a better strategy would be to instruct all Republicans to just vote "present" on all issues."

    There is another option. Its probably time for everyone to go their own way. The Coercives (libs) can go off and have their dictatorial slave state, and the Voluntarists (freedom minded people) go create a place where human interaction is based on voluntary cooperation. You seceed the same way a slave seceeds from a master.
    Oct 11 03:42 PM | 1 Like Like |Link to Comment
  • Stability Of The European Union (21) August 28, 2013 To November 8, 2013 [View instapost]
    I thought we were told that taxes don't affect behavior.
    Oct 11 11:45 AM | 2 Likes Like |Link to Comment
  • Shutdown and CA computers behind jobless claims surge [View news story]
    Remember when claims went way down because of computer issues.
    Oct 10 10:37 AM | Likes Like |Link to Comment
  • Stocks And The Fed: Why I'm Staying In Cash [View article]
    The original Fed Res act was called the Aldrich Bill. It was named after Nelson Aldrich, a Rep representing the interests of Rockefeller. It got tabled because of a change in Congress, and that's when Glass resurrected it.
    Oct 8 05:58 AM | Likes Like |Link to Comment
  • Stocks And The Fed: Why I'm Staying In Cash [View article]
    I think we can get a little higher on the S&P and the 10 yr can probably get back up to the 2.90s. We have two major things to watch.

    First we need to see if the Fed is going to keep printing. If so, then S&P 2000 and +3% on the 10 is possible.

    Second, is the damage that will be caused by Dodd Frank and Obamacare. The thing with regulations is that their tax effect (Fed note destruction) gets phased in, like a frog in a pot of water where the heat is slowly being turned up.

    So if the Fed keeps printing into the growing damage of DF and Ocare we could see the S&P over 2000 and the 10yr get to over 3%. Then as DF and Ocare start destroying Fed notes via taxes and higher imposed fixed costs, then the inflation created by the Fed will be countered by fiscal policy, and then we will get a pull back on the S&P and the 10yr rates will drop. If the Fed tapers, the inflationary effect in the face of taxation via regulation will be muted, and the ability of equities and rates to climb will be countered.

    We'll just have to wait and see what will come after BB. Will it be Yellen? Will she keep printing (as it seems logical she would)? How long will it take for DF and Ocare to deflate the inflation the Fed is creating (inflation in equities that is)?

    The time to switch to cash is coming (or rather to bonds - rates will go down with risk-off), but given where we are now, I could see riding it out a little bit longer.
    Oct 7 02:21 PM | Likes Like |Link to Comment
  • Flirting With Economic Insanity [View article]
    "Then FDR listened to the Republican complaints about the budget deficit"

    See what I mean about the excuse making. If FDR were such a genius, then why does so many excuses need to made for him. Its always somebody else's fault, right?

    "Real GDP grew very rapidly from 1933 to 1937, and the unemployment rate fell from 25% to 15%. "

    And GDP would have grown even faster, and unemployment would have fallen even lower, had FDR not so shackled the natural growth that occurs in any economy when the coercive hand of compulsory gov isn't holding it back.

    The natural tendency of any economy is to grow, when the market product of gov is limited by market forces to its only natural service of protecting property rights. Gov is even more useful when it is price sensitive and not compulsory.

    and delaying full recovery until World War II got the economy moving via massive Keynesian stimulus. "

    Ha, that's a laugh. SA is an investment sight, and you damage your credibility with unfounded assumptions. Failed ideology won't help you in understanding how an economy works. During WW II there was rationing, price controls, shortages, and millions of people being killed in wars. Now if being killed in war is your idea of an improved standard of living (perhaps this is how war mongers think), then there is nothing I can say to help you. However, the reality is, standards of living did not improve until FDR was dead, the war was over, and gov spending and taxation went down. (FDR pushed for higher taxes, because he too didn't understand what happens in an economy when the gov monopolizes the money medium). So from 1933 to 1946, living standards only got worse in relation to where they would have been, had FDR not kept his boot on the neck of the economy (regardless of who he, or you, blames for his failures).

    The goal in life is not merely high GDP or having a job, but a high standard of living. It just happens that a high GDP may reflect that, and that a job might be a means to that end.

    What could be more economic insanity than saying we solved unemployment by putting people in the army and the end result being their intestines are blown all over some beach in Europe? Really, you must think about your credibility.
    Sep 30 02:21 PM | 2 Likes Like |Link to Comment
  • Flirting With Economic Insanity [View article]
    Well, Hoover and FDR caused it. Hoover dug a hole, and FDR made it deeper.

    What's really fascinating is the similarity in excuse making you see in the defense of FDR and Obama.
    Sep 30 11:22 AM | 2 Likes Like |Link to Comment
  • QC#263, September 24, 2013 [View instapost]
    Huh, looks like half my commented disappeared.

    Anyway, this discussion is actually extremely useful for investing. Our current understandings of our environment rest on the understandings of all of those that have come before us.

    Part of this understanding has just come to accept the following...

    "Laws and some types of regulation are necessary to maintain peace in human societies"

    With the implication that these laws and regulations must be imposed by force from compulsory gov. Have you ever wondered where this mindset was formed? Well think of humans several thousand years ago. One tribe would invade another, and the conquerors would then impose quit rents on the land of produce of the conquered who originally owned the land and the produce.

    The original inhabitants of Britain had this problem when they hired the Angles to help stop other invaders only to have the Angles become the very thing that they were hired to stop.

    Now, as a conqueror you have a problem. Since you are stealing from other humans, and they have an instinct to survive, whenever they get the chance they will end your gravy train. So, a tactic you employ is the "propoganda" tactic. What you do is, you influence the education of the children. You teach them that without the rule and the quit rents (which evolved into the notion of taxes) of the conquerors, all sorts of horrors and chaos would ensue. Eventually the idea that people can engage in voluntary interactions, with whom they want to set laws for their protection, or regulations for their commerce, completely erodes away.

    Then what you have is just an engrained assumption that gov must be compulsory. Why? Well, because generation after generation has been told that. Then we never think to make the connection that "peace" is not being forced into transactions (from which we want protection) is not somehow similar to a police product that can "force" you to pay for their services or regulators that can "force" you to accept their regulations. Which of course they tell you, "all the world will descend into chaos if you don't accept our forced products".

    Its this lack of understanding of history that has caused us to just accept certain things we are told without ever really thinking about them. Without that thinking, we can never employ our logic, and the result is we confuse the things that really are "absurd" with the things we are simply told are "absurd".
    Sep 30 11:19 AM | Likes Like |Link to Comment
  • QC#263, September 24, 2013 [View instapost]
    "to maintain peace in human societies"

    Then what is your version of peace? Is not the reason you do not want one person stealing from another, because theft is an involuntary exchange? So, what you are really saying is that you prefer voluntary interaction to involuntary interaction. In other words, your goal is a society where all human interaction is voluntary, just as mine is.

    As such, are you saying "good luck" to your own goal, which would be the only "absurd" comment here, not that we both agree that all human interaction should be voluntary.
    Sep 30 10:24 AM | Likes Like |Link to Comment
  • Italian markets in turmoil as PM tries to save government [View news story]
    "he should be expelled from the Senate following his conviction for fraud."

    Expelled? I think they mean a temporary timeout from gov. In the meantime, such a conviction makes him imminently qualified for a position in the US Democratic party or a position at CNN.
    Sep 30 10:12 AM | 1 Like Like |Link to Comment
  • Flirting With Economic Insanity [View article]
    Flirting? We've been gorging on it since the start of the Republic. We really became gluttons after 1900 and the final take over by the Pietists and Interventionists. After the Banking Acts of the 1860s, not to mention the collectivists laws of the slave states prior to the Civil War, up to the Aldrich Bill which eventually became the Fed Res Act, the Fed Gov subsidies for farmers (which caused the dust bowl), Hoover and his interventions after the Fed crashed the stock market in 29, then FDR creating the Great Depression, Eisenhower and the interstates, Lyndon Johnson and his subsidies designed to get people not to work, Nixon and wage and price controls, Reagan and massive military spending (though he did cut marginal income tax rates - taxes don't fund a gov under a monopolized money medium), BB causing the great recession by inverting the yield curve and popping the real estate bubble that had formed under real estate subsidies.

    And, now we want to say we are "flirting"?
    Sep 30 09:22 AM | 4 Likes Like |Link to Comment
  • QC#263, September 24, 2013 [View instapost]
    "Good luck with that "all human interaction is to be voluntary."

    So you are saying your goal is for everyone to be stealing and murdering one another. If so, then why do you want police?
    Sep 30 08:38 AM | 1 Like Like |Link to Comment