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WMARKW

WMARKW
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  • Making The Rich Richer [View article]
    Let's not forget that one of the Government's responses to the "crisis" was a reduction of 2% in the Social Security tax for what I consider to be a brief period of time. Interestingly, this concept could have been extend for a much longer period of time, and could have even be increased to a complete elimination of the SS tax for the individual for 2 - 3 years. That would have had an immediate impact on the ability of the lower income groups to participate in and help generate a more robust recovery.

    The "government" could have passed legislation that would have doubled or tripled the interest rate paid on Treasury instruments held by the SS "Trust" Fund - or traded their existing portfolio for a "special issue" of high rate treasury instruments sold/traded to the SSA only. That's one way of "printing" money and putting it in the hands of individuals. Actually it leaves it in the hands of people that already earned it. And then just forces the government to pay for SS retirement benefits for that period of time.

    Personally, I don't consider the "team" to be all that creative.
    Jul 18 06:21 PM | 3 Likes Like |Link to Comment
  • What Happened To 'Peak Oil'? [View article]
    My suspicion is that as soon as "peak oil" is reached and that it becomes more realistic and profitable, the new technology will be unveiled that is more profitable and available, having been hidden or kept under wraps while we burn through the cheap resource. There are some pretty strong vested interests in the Oil business. Not so many in the thorium reactor business.
    Jul 9 07:10 PM | Likes Like |Link to Comment
  • What Happened To 'Peak Oil'? [View article]
    User 1906 re: your comment about unregulated Nigeria. Do you think the people, courts, etc. in Nigeria would ever permit a lawsuit against an oil company such as could occur in the USA? For some reason I doubt it.
    Jul 9 07:04 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Brent Falls, AbbVie Pushes Takeover, Amazon Lawsuit [View article]
    What's all the B/S about the "highway trust fund" being depleted and needing "corporations to pay their fair share" else all the highway workers will be out of job?

    How does the HTF (which runs on Federal Gas Taxes - which are still pouring in) go broke? Oh, yea, they spend more than they take in.
    Jul 3 01:56 PM | 3 Likes Like |Link to Comment
  • Gold Is For Fools And 'The Oracle Of Omaha' Warren Buffett Agrees [View article]
    Not only sad, but a repeat of many others previously published.
    Jul 2 07:01 PM | 1 Like Like |Link to Comment
  • Gold Is For Fools And 'The Oracle Of Omaha' Warren Buffett Agrees [View article]
    How likely is "most likely".... 80%? And without a time frame any prediction is without value. Will it hit $1050 by 2075 or 2015?
    Jul 2 07:00 PM | Likes Like |Link to Comment
  • Gold Is For Fools And 'The Oracle Of Omaha' Warren Buffett Agrees [View article]
    He's a great investor and manager. Just saying that having billions of OPM allows him to capture his talents to the greatest degree.
    Jul 2 06:59 PM | Likes Like |Link to Comment
  • Gold Is For Fools And 'The Oracle Of Omaha' Warren Buffett Agrees [View article]
    Dave,
    Warren also does well because he has mastered the skill of using OPM for his and his company's benefit. It really helps to have a group of 'insurance' companies in the portfolio who are always sitting on mounds of cash that need to be invested.
    Jul 1 03:53 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Argentina Defaults, Crude Falls, Blackstone Hedge Fund [View article]
    The FBI should have raided the Lerner offices before she was ever summoned to appear at Congress to testify. This is all just for show. I could have solved this inquiry in 90 days using smack down and treats of jail time to subordinates.
    Jul 1 01:40 PM | 1 Like Like |Link to Comment
  • Gold Is For Fools And 'The Oracle Of Omaha' Warren Buffett Agrees [View article]
    HE's BACK. Don's typical blather bashing gold with nothing more than a reference to Buffet, the guy who lost hundreds of millions of $ when he had his silver taken away from him. How's your performance on gold this year?
    Jul 1 08:20 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Argentina Defaults, Crude Falls, Blackstone Hedge Fund [View article]
    FOUR????
    Jun 30 05:52 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Argentina Defaults, Crude Falls, Blackstone Hedge Fund [View article]
    "spending time getting out of work".... is that what Unions workers do?
    Jun 30 05:47 PM | 4 Likes Like |Link to Comment
  • Negative Quarters Are Rare, But Minus 3 Is Recession [View article]
    David, great comment. Thanks. How much do you attribute to "off-shoring)?
    Jun 28 07:21 AM | Likes Like |Link to Comment
  • The Best Passive Retirement Strategy In The World [View article]
    According to the last report I read, 57% of the people "nearing" retirement had less than $50,000 in the bank in addition to their primary residence (no word on if that was paid for or not).
    Jun 28 12:52 AM | 1 Like Like |Link to Comment
  • Jobless Claims at 312K [View news story]
    Yea, but don't worry, we'll probably have 4-5% GDP growth each quarter for the rest of the year... well so long as we don't get hit by a global warming "polar vortex" that should have done nothing more than shift consumption from Q1 to Q2. Anyone wanna bet that Q2 GDP won't come in at +5-6%? That's what it would have to be to recover the Q1 shortfall.
    Jun 26 02:20 PM | Likes Like |Link to Comment
COMMENTS STATS
10,252 Comments
16,438 Likes