jhooper

jhooper
Send Message
View as an RSS Feed
  • Surviving And Prospering Over The Next 4 Years Of Economic Darkness  [View article]
    "So why was he elected?"

    Because the US has reached the tipping point. Unemployment could have been 25%, we could have been in a war in Iran, Syria, Lybia, Afghanistan, and Irag, inflation could have been 10%, and gasoline at $5/gal, but as long as we talked about "family" and how only intellectual people love gov and how redistribution will some day, eventually, somehow, someway, finally restore full employment and everyone has a gov issued house and gov provided healthcare and gov provided pension, even though it hasn't happened yet, you just need to be patient, the problem was bigger than we thought, maybe next year, or the year after that, Obama would have been relected.

    Generations of gov training in gov education now has the subjects outnumbering the citizens. Its bread and circuses, SNAP and DWTS, mob rule on our way to minority rule. From now own every election will be about who can make the biggest excuses and find others to blame for the lack of jobs that were promised, the lack of healthcare that was promised, the lack of food that was promised. It will be a parade of "its not my fault", and "you misunderstood, I didn't promise that".

    Austerity to follow.
    Nov 8, 2012. 03:00 PM | 3 Likes Like |Link to Comment
  • Surviving And Prospering Over The Next 4 Years Of Economic Darkness  [View article]
    The details of the definition of socialism vs communism vs capitalism are irrelevant. What matters is the underlying fundamental principal.

    Do you want to live in a society where your neighbors are allowed to shoot you or imprison if you chose not to live in accordance with their personal preferrences with regards to voluntary transactions, or do you want to live in a society where the only application of force is a deterent to the use of force?

    Nature shows that a coercion free society is the most prosperous, and the societies that push more towards the coercion end of the spectrum are the most austere. So, intentions about working together, being a family, being a team, etc are irrelevant if to achieve those goals you plan on shooting and imprisoning people that don't share your presonal preferrences.

    This is why such societies never wind up being a harmonious society living in one big peaceful family. The constant tug of war between everybody trying to control and live off everybody else results in everyone resenting everyone else. The result is violence and bloodshed. This brings in the iron fisted dictator, and suddenly, like Greece, you find your future in the hands of other people.

    Its a fools errand that leads to austerity and suffering.
    Nov 8, 2012. 12:40 PM | 3 Likes Like |Link to Comment
  • Surviving And Prospering Over The Next 4 Years Of Economic Darkness  [View article]
    Maybe its time for a divorce.

    http://bit.ly/SFh1tT
    Nov 8, 2012. 12:11 PM | Likes Like |Link to Comment
  • Surviving And Prospering Over The Next 4 Years Of Economic Darkness  [View article]
    Geezer is part of the unenlightened, coercive crowd. He doesn't know much about the history and the retread nature of what he is proposing, and his reasoning is specious at best. Geezer's antiquated solutions have only produced misery, oppression, and austerity. They lead to brutality and violence. They are not view points that need to be promulgated.
    Nov 8, 2012. 11:17 AM | 3 Likes Like |Link to Comment
  • Invest Like A Jedi And Sell Before The Fiscal Cliff  [View article]
    You hope would be to find something tax favored that gave you an income stream. Some people set up trusts and the like. The might also form a charitable foundation. The point is valid though. If you are going to cash, you have to have a plan for that cash. If the gain was big enough, I guess you could just sit in cash or very close cash equivalents and just spend the money. It would probably take some effort to spend a couple of billion dollars in 20 or 30 years.
    Nov 8, 2012. 11:02 AM | Likes Like |Link to Comment
  • Initial Jobless Claims: -8K to 355K vs. 370K consensus, 363K prior. Continuing claims -135K to 3.12M.  [View news story]
    We will have to wait a few weeks to see how the weather affected things.

    http://bloom.bg/T9b3SI

    Another relevant blurb.

    "Initial claims have been increasingly volatile of late due to data difficulties ranging from state (non) reporting to seasonal effects. The challenges are far from over. Although it's too soon for the effects of Sandy to be felt, they will be soon. Recall the first week after Katrina hit claims rose only 8k but jumped more than 100k in the weeks to follow then remained elevated for months. We expect claims could pop to 450k in the short term. Like last month's non farm payroll report, this is likely the last clean jobless claims report until 2013."
    Nov 8, 2012. 09:58 AM | Likes Like |Link to Comment
  • Surviving And Prospering Over The Next 4 Years Of Economic Darkness  [View article]
    I don't share your doom and gloom. Cleaning the toilets is always the problem in socialists, coercive societies. No one wants to do it, so someone has to be forced to do it, and then they are trapped doing it. There lack of vision is why they are such backward, primitive places (hardly progressive). In a noncoercive society, someone might choose to clean toilets, but they don't have to do it forever. They can save up money, and start a new business. They can build up skills and start a new job. They can go to school. The best thing is that consumables are constantly falling in price instead of constantly inflating, thus their real wages are always going up, which allows them to save more. Savings and capital means independence, which is why coercive societies work so hard to get people to spend and not save. They don't want them independent, they need them dependent, so they can be slaves.
    Nov 8, 2012. 09:49 AM | 8 Likes Like |Link to Comment
  • Seeking Alpha's Election Overview  [View article]
    Romney did say he was going to repeal Dodd Frank, but who knows if he would have or not.
    Nov 8, 2012. 09:33 AM | Likes Like |Link to Comment
  • Initial Jobless Claims: -8K to 355K vs. 370K consensus, 363K prior. Continuing claims -135K to 3.12M.  [View news story]
    Shouldn't you consider that the recent storm prevented some people from applying for benefits? Nothings really changed. The 360s is probably where it is still at. Next week or the week following might prove to be higher.
    Nov 8, 2012. 09:07 AM | 1 Like Like |Link to Comment
  • Invest Like A Jedi And Sell Before The Fiscal Cliff  [View article]
    In 1970 the FF rate was 4.5. During that year it was lowered to 3 and then raised to 5. Then from there it was raised to 13 in 1973. From there it was lowered again to the 4 range in 1975. From there back to 15 in 1978. The S&P tracks these changes rather closely.

    When the FF rate is lowered the Fed is creating Fed Res notes. When it is raised, the Fed is destroying Fed Res notes. Taxes also destroy Fed Res notes.

    There is definitely a subsidy mix going on here, but more study needs to be done to develop methodologies to better predict how the creation and destruction of Fed notes will affect asset prices in some quantifiable way.
    Nov 8, 2012. 09:05 AM | 1 Like Like |Link to Comment
  • QuickChat #247, October 25, 2012  [View instapost]
    "guess I should have listened to my own idea about shorting for a day... "

    I should have considered the George Lucas affect. People will front run anticipated tax policy, and drag the effects of the tax policy into the present as if it had been enacted now.

    http://seekingalpha.co...
    Nov 8, 2012. 08:49 AM | 4 Likes Like |Link to Comment
  • Surviving And Prospering Over The Next 4 Years Of Economic Darkness  [View article]
    419 comments in about a day. It looks like it is going to break 500 comments. I love it when that happens.

    Good job Bret.
    Nov 8, 2012. 08:34 AM | 1 Like Like |Link to Comment
  • Surviving And Prospering Over The Next 4 Years Of Economic Darkness  [View article]
    "What do you want for America? "

    You want a coercion free society. Wherein you are free to engage in any voluntary transaction you want. People have an instinct to survive, and when they are free to engage in any voluntary transaction, then they maximize their price discovery. When that happens you economy operates at the outmost limits of its production possibilities frontier. When that happens economic opportunity grows exponentially. If you are the only society on earth doing that, then capital and people flock to your society. More hands mean light work, and the more people you have to trade with means you will work less and have more.

    It would create a society where people could retire at 40, healthcare and education would be cheap, abundant, and of the highest quality, a work week would be only 10 hours with the lifestyle of 40 hrs a week, and more and more you would have robots and machinery allowing people to be the creators and the machines the heavy lifters.

    In short it would be a standard of living unparrelled to the systems where people allow for the establishment of a ruling elite that will use guns and jail to try and get everyone to be part of a "team", or force them to "share", or punish them if they don't "work together". Such, formulas always lead to a tyranny of the minority via a tyranny of the majority. It has been the model for most of human history, which is why gov is mostly about dungeons, torture, and chains. The US has now fallen for this trap, because it is always disguised in the fraud of the "common good".

    Austerity to follow.
    Nov 8, 2012. 08:32 AM | 4 Likes Like |Link to Comment
  • Surviving And Prospering Over The Next 4 Years Of Economic Darkness  [View article]
    I thought they wanted to move forward?
    Nov 8, 2012. 07:24 AM | 6 Likes Like |Link to Comment
  • Surviving And Prospering Over The Next 4 Years Of Economic Darkness  [View article]
    Cheese. A city is very different than the Fed gov. Did your city have the ability to print its own money, or did you have to use fed notes? Look on that fed note. It says legal tender. Try printing your own and see what happens. Then you will understand monopolized money medium.
    Nov 8, 2012. 06:31 AM | 3 Likes Like |Link to Comment
COMMENTS STATS
7,284 Comments
7,050 Likes