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WMARKW

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  • What Are The Controlling Arguments For Being Bullish On Gold? [View article]
    Suppose I agree....that EW was forecasting down....now tell me how much down it forecasted. $1, $5, $10, $100, $200. Tell me that EW can predict the MAGNITUDE of the change and not just the direction and then show me.
    Apr 17 03:40 AM | Likes Like |Link to Comment
  • Gold: The Declines Won't Stop Here [View article]
    Thanks for your prediction....guess I still ask why you are here. Do you just want to confirm the author's position? What will you do when/if gold goes to $1400? How about $1500? Will you come back and say you were wrong. Or will you just keep waiting and waiting for something to happen to confirm you bias?

    I hold gold as a catastrophic insurance policy.....I could care less what the price is today. So do many others. If such a catastrophe happens, will you be happy if we all rub it in your face?
    Apr 17 03:30 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Berb - "WM - anyone here on WSB think they can beat a 4% return? And what were these fund managers doing? Indexes are up 150-175% since 2009."

    Dude..... it ain't about the 4% return, it's about the assumed return required to fund the pensions. I guess you could read the report if you were interested. Implications for future economy are important.
    Apr 16 08:27 PM | 1 Like Like |Link to Comment
  • Words Of Gold From Warren Buffett [View article]
    The average retail investor doesn't own "physical" gold. They own a derivative.
    Apr 16 07:45 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Really.... please explain. Denounce and exploit....how so. What minority? Are you always this obtuse? Perhaps you should read my comment with respect to the one above it? Or perhaps you think the government does a good job at something?
    Apr 16 07:39 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    And another report shows that the US public pension system is destined for trouble. This one comes from hedge fund manager Bridgewater Associates. The study estimates that public pension funds will only earn an annual return of 4% or less in coming years, primarily due to ZIRP and financial repression. That would then cause bankruptcy for 85% of the pension funds within the next 30 years, so the study warns.
    Apr 16 07:37 AM | 6 Likes Like |Link to Comment
  • Words Of Gold From Warren Buffett [View article]
    It's not priced in $ in HK or in Shanghai.....probably not in Russia or Brazil either. The way it is priced is simply what it takes in fiat currency to purchase it.

    I don't make any income on my house either....but some people would call it an investment.

    Of course you know you can lease gold. And of course you know you can trade options or hypothecate real gold, just like you can sell or buy interest rate futures? So what does that mean? If you wish, you can own physical gold and do lots of things with it ( or surrounding it is perhaps better to say) to make money.

    So....I guess the real question to me, is what audience are you trying to communicate to?
    Apr 16 05:37 AM | Likes Like |Link to Comment
  • Great Graphic - Case Study: San Jose Hiked Minimum Wage [View article]
    NMC - great, then why don't we just put the number to $50 and hour and see how many votes you get... Oh, then I wonder about the role of the Constitution in protecting personal property rights? You raise the min wage and put me out of business and destroy the value of my enterprise and associated real property. That makes tons of sense.

    How about if you are a min wage worker with income under some standard, then you get subsidized EDUCATIONAL opportunities, counseling, etc, as needed to help one become a productive member of society. All of those benefits could have an element of automatic reduction so that you have x years to get the job done. After x years, the benefits expire.
    Apr 16 02:45 AM | Likes Like |Link to Comment
  • Great Graphic - Case Study: San Jose Hiked Minimum Wage [View article]
    Mobyss - Good comment = "The argument for a "minimum wage" always seems to rely on the setting of a "maximum wage". Why is that?"

    At the lower left end of the spectrum....I can show you some people I know that aren't even worth minimum wage.
    Apr 16 12:40 AM | 2 Likes Like |Link to Comment
  • What Are The Controlling Arguments For Being Bullish On Gold? [View article]
    Did EW predict the massive down moves last April?

    BTW manipulation down is driven by naked short sales.....there is NO equivalent on the long side, because you can't 100% margin.
    Apr 16 12:34 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Let's see....how long they been trying to collect Social Security payments from people mistakenly paid....more than 10 years. Government is fundamentally incapable.
    Apr 16 12:31 AM | 2 Likes Like |Link to Comment
  • Gold: The Declines Won't Stop Here [View article]
    Teller - I guess you forgot about those DOW down days? What a moronic comment....and I guess you forgot about the Gold up days prior to the down days....leaving it where it is..... What are doing beside stirring the pot? Go away.
    Apr 16 12:29 AM | 3 Likes Like |Link to Comment
  • Great Graphic - Case Study: San Jose Hiked Minimum Wage [View article]
    Thanks for agreeing with me.
    Apr 15 09:21 AM | Likes Like |Link to Comment
  • Great Graphic - Case Study: San Jose Hiked Minimum Wage [View article]
    Prices may not rise 40% but the cumulative effect of the price increase is such that it captures the cost of the increase. Business owners will pass as much as they can along....they are not in business to give their profits up as wage increases.
    Apr 15 07:33 AM | 2 Likes Like |Link to Comment
  • Great Graphic - Case Study: San Jose Hiked Minimum Wage [View article]
    So then NO....everyone doesn't do better. The raise in the minimum wage is passed through as higher prices (generally) to all consumers purchasing the products they provide/make. In the case of fast food....probably many minimum wage workers eat fast food that just increased in price.

    Next, what's the after tax benefit of raising the minimum wage? Did someone just price themselves out of an Earned Income Credit?

    Then....how do you evaluate the impact on the restaurant or other employer? Do you look at employment next week, how about next month or how about next year or later?

    Anyone who is capable of comparing McDonalds today vs. McDonalds 40 years ago can certainly point out labor saving technology that has been implemented from Point of Purchase equipment, to automatic timers on fry machines, to automatic drink pouring stations, and in some other restaurants, to self service vending machines. So of you think there is not an incentive to reduce labor content then you are mistaken.

    If you have ever seen an automated warehouse facility, you can see exactly how this works. Gone are the fork lifts, gone are the warehousemen. This is just one example of hundreds.
    Apr 15 05:18 AM | 2 Likes Like |Link to Comment
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