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WMARKW

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  • Wall Street Breakfast: Must-Know News [View article]
    This is one of those issues I lump in to my "Quack - Quack" theory. If it looks like, walks like, etc.....it is a Duck. And if it looks like no one wants to do anything about the border and they at the same time throw up road blocks to enforcement of current laws, then they must not want enforcement and they must want all the other things that come with it. The next question is why? IMHO, the objective is to destroy the US constitution and the US economy - paving the way for whatever "they" want to come next.
    Jun 23, 2012. 07:51 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Goldman scum are not "Americans"!
    Jun 22, 2012. 02:03 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I believe Buffet had a stake several years ago. Don't know if he has one now.
    Jun 22, 2012. 02:03 PM | Likes Like |Link to Comment
  • Mark Thoma says ~200K people will lose unemployment benefits in California and other states today. Under the terms of last year's agreement in Congress, benefits would be cut off if jobless rates fell below certain thresholds; despite a weak job market, rates have been falling. "Will a cut in benefits motivate workers who have become dependent on the program to go out and find jobs?”  [View news story]
    Topcat.... Additionally, as for showing proof....in my state you call in to an automated system and answer the questions by punching the buttons.....no proof required....just your word.

    And that big contribution you paid to FUTA, last time I looked was just over $400 for the whole year in 2011 - a drop in the proverbial bucket vs a month's worth of unemployment compensation.
    Jun 21, 2012. 11:19 PM | 1 Like Like |Link to Comment
  • Mark Thoma says ~200K people will lose unemployment benefits in California and other states today. Under the terms of last year's agreement in Congress, benefits would be cut off if jobless rates fell below certain thresholds; despite a weak job market, rates have been falling. "Will a cut in benefits motivate workers who have become dependent on the program to go out and find jobs?”  [View news story]
    Really? How much would you say your employer and you actuall pay into FUTA and SUTA?
    Jun 21, 2012. 06:37 PM | Likes Like |Link to Comment
  • The Supreme Court decision on Obamacare is likely to be one of the biggest decisions of our lifetime, says the Kaufman Foundation's Robert Litan. For businesses, the waiting has been the hardest part. Most experts don't think the court will strike down the healthcare law in its entirety, but it could happen. If it does, the economic impact could wind up being "tremendous," Litan says, especially when you consider that medical care accounts for over 18% of U.S. GDP.  [View news story]
    Yea....right?
    Jun 21, 2012. 06:34 PM | 1 Like Like |Link to Comment
  • The EU needs "creative" monetary policy to promote growth, says IMF chief Lagarde, emerging from a Eurogroup meeting. She throws her weight behind the idea the EFSF and ESM should be able directly fund banks (as opposed to having the sponsoring country apply for a rescue), and urges a "limited form of common debt" in the euro area. A summit of Merkel, Hollande, Monti, and Rajoy is set for tomorrow.  [View news story]
    Few of them probably have any children.
    Jun 21, 2012. 06:30 PM | Likes Like |Link to Comment
  • Wild Wednesday: $500 Billion Or Bust [View article]
    So then we have to come up with a way to equitably reward people for doing "nothing" that contributes to the GDP.....unless these artists and musicians, whose work may be marginal, distastful, etc - want to charge for their work at the gallery or their concerts to which a few of their friends may come? Hey I think it's an interesting problem to try to get your head wrapped around. How do you stratify those who fall into that category to determine if there is an approach to "more reward" for one group vs. less reward for another? Do you have to begin to identify those who are doing the "best" job at not doing anything?

    I would (as an intermediate step) be more in favor of making it possible for people to retire "earlier". But then you have to figure out how to cover the cost of their support. As I have said previously, we could always just print the money. If productivity increases then there will be fewer workers to support the retired, but then they will be much more productive (may only take one farmer to feed all the retired). The printing of money only becomes and inflationary issue if there is a supply shortage. If we can easily make everything to take care of all those demands, then there should be no inflation. Then it all becomes a matter of monitoring the printing press so that the greedy few don't unjustly enrich themselves.
    Jun 21, 2012. 04:38 PM | Likes Like |Link to Comment
  • Loss Of Competitive Advantage Shows Goldman Sachs Not So Golden Anymore [View article]
    Bravo....RRose. I am on board with your wish for Goldman Suchs.
    Couldn't happen to a nicer bunch of guys.
    Jun 21, 2012. 03:58 PM | 1 Like Like |Link to Comment
  • Wild Wednesday: $500 Billion Or Bust [View article]
    So what you are saying is that you would be more than happy to pay 1% of the population a very attractive wage so they make a really, really good living to support 99% of the population. Isn't that exactly what you are saying.

    Yea, I look forward to the time when there is a single guy sitting at a command console running all the robotics making everything that people want/need and all the rest of us don't have to work. How much is that one guy worth? A billion a year....perhaps 5, perhaps 100. Who knows. Maybe there will be competiton for his job as someone is tired of subsisting (or slightly more or may be living well) off the "dole". And after that, is everyone on the dole equal, or some "more equal" than others because they happen to be "special" artists or 1st chair violins.

    We stigmitize "supporting" the poor because this country was founded on the principle of individual liberty and responsibility and the associated "work" that goes along with it. Getting something for "nothing" is what is stigmitized. No one disagrees that certain segments of society are unable to take care of themselves. What's the ratio? 5% - 10% - 25%.

    Productivity didn't send jobs overseas. The pursuit of lower cost wages sent jobs overseas - and in some cases they are now coming back.
    Jun 21, 2012. 03:29 PM | 2 Likes Like |Link to Comment
  • Fed Twists And Shouts, But No QE [View article]
    But as rates increased the affordability would decrease, and rapidly. It doesn't take much change in a low rate of interest to increas a house payment significantly. I will look at your second post after I reply, but I'm hard pressed to buy into the fact that there are scads of buyers with "cash" sufficient for down payments (using current underwriting standards) waiting to buy homes with abnormally low prices right now.

    Also are you talking "new" construction vs. foreclosures? Banks have to take their forclosure hits as they can. They will meter those out - I believe.

    Finally, just because a house is more affordable now, doesn't mean people are phychologically prepared to pull the trigger in an environment where there is uncertainty and ongoing balance sheet remediation.
    Jun 21, 2012. 01:18 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Does Obama have any record in the IL or US senate? did he ever vote for anything? I'll have to look that up.
    Jun 21, 2012. 01:07 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    You mean "implementing" foreign policy - determined by the handlers. We still protect the Poppy Fields. Why is that?
    Jun 21, 2012. 11:54 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    That's just what they said on Fox last night ????
    Jun 21, 2012. 11:52 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    How prescient he was !
    Jun 21, 2012. 11:48 AM | 2 Likes Like |Link to Comment
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