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  • Wall Street Breakfast: Must-Know News  [View article]
    Isn't that the same problem all developed countries will have....they perform themselves out of success, because as time goes by, all enterprises, people, countries, etc. look for the advantage in labor markets, etc, and jobs and wealth flow to the other side of the scale.

    This is the problem with Germany and Greece, with the US and China. There is only so much that can be done to halt the natural economic undercurrent. When the scales starte to equal out again, then jobs go from China to the next low cost, innovative producer. At some point, there will stop being 3rd world countries.....perhaps we'll reach a "world equilibrium".
    Jan 24, 2012. 10:57 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    Just get the Board of Directors and Shareholders to do their jobs.
    Jan 24, 2012. 10:53 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    Yep....and where are the tax returns for all the other candidates....and the original Obama birth certificate.
    Jan 24, 2012. 10:52 AM | 4 Likes Like |Link to Comment
  • "At times like these, survival is the most important thing," a gloomy George Soros tells Newsweek, part of a dire warning about financial collapse and class warfare. “We are facing an extremely difficult time, comparable in many ways to the 1930s... The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system."   [View news story]
    Wyostocks....liberals can't admit they are wrong, because they don't know the difference between right and wrong.
    Jan 24, 2012. 10:45 AM | 2 Likes Like |Link to Comment
  • "At times like these, survival is the most important thing," a gloomy George Soros tells Newsweek, part of a dire warning about financial collapse and class warfare. “We are facing an extremely difficult time, comparable in many ways to the 1930s... The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system."   [View news story]
    Hey youngman....soon i will be getting my handout from SS. Of course it will take forever to get back what my wife and I have paid into it with some kind of return. But then the IRS will just tax it all away anyway, so I guess I won't really be getting a handout. I'm conflicted, but you can rest assured, George Soros isn't worried about his Social Security.
    Jan 24, 2012. 10:43 AM | 1 Like Like |Link to Comment
  • "At times like these, survival is the most important thing," a gloomy George Soros tells Newsweek, part of a dire warning about financial collapse and class warfare. “We are facing an extremely difficult time, comparable in many ways to the 1930s... The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system."   [View news story]
    Tack....I have an astroid CDS that ensures I won't have to pay my mortgage if we get hit. Hopefully the counterparty will be around to pay.
    Jan 24, 2012. 10:40 AM | Likes Like |Link to Comment
  • Italy And Spain Launch Frontal Assault On German Austerity  [View article]
    Aye...the reform....there's the rub. I have known very few people who willingly decided that reform was in their best interests. But alas, if an alcolholic can do it, then I suspect the Greeks and Spaniards can do it....maybe.
    Jan 24, 2012. 09:07 AM | 1 Like Like |Link to Comment
  • Italy And Spain Launch Frontal Assault On German Austerity  [View article]
    Elgrey....they need the get the PIIGS signed up to go to 12 Step meetings.
    Jan 23, 2012. 11:59 PM | 2 Likes Like |Link to Comment
  • Italy And Spain Launch Frontal Assault On German Austerity  [View article]
    The market concept corollary fr buisness would have the weak player fail and allow the stornger player to survive and absorb the business of the weak player. The concept breaks down to a degree when you scale it to countries. Seems like it would not be too humane to let a weak country fail and become a Somolia or Sudan. So some different solution seems to be required that permits the weak to retrench and regroup to fight another day. But, Elliott....I don't have any clues.

    In a more benevolent society, one would shepherd, retrain, support, etc, but then that would all seem to depend on the "attitude" of those needing a helping hand.
    Jan 23, 2012. 11:57 PM | Likes Like |Link to Comment
  • Italy And Spain Launch Frontal Assault On German Austerity  [View article]
    Opacity...is that characteristic that allows the "government" to pay without question the participants what ever they need when the bottom falls out.
    Jan 23, 2012. 11:50 PM | 1 Like Like |Link to Comment
  • Italy And Spain Launch Frontal Assault On German Austerity  [View article]
    UI....and thus we need to turn over the political class every election so they know that they will have one term to serve and that's it.....of course, then they may go hog wild for 2 or 6 years and cause more damage that one could remotely imagine.
    Jan 23, 2012. 11:49 PM | 3 Likes Like |Link to Comment
  • Italy And Spain Launch Frontal Assault On German Austerity  [View article]
    Osterix....is it true that the first to leave the party never gets stuck with the bill. It's the last guy the waiter looks at with the gleam in his eyes. Just saying with a smile.
    Jan 23, 2012. 11:48 PM | 4 Likes Like |Link to Comment
  • Why Gold-Related Investments Are Slowly Becoming Worthless  [View article]
    rv3lynn....even when we had hard currency, we still had bank drafts, checks that could be written and drawn on someone account recognizing that what they were going to be paid was denominated in USD that has a specific value - "guaranteed". My father even wrote a bank draft on a paper lunch sack one time as he was out of checks. So, we don't need to conduct all transactions in specie or hard currency, we only need to know that at any time we can trade whatever we are using for the alternative.
    Jan 23, 2012. 11:42 PM | 2 Likes Like |Link to Comment
  • Should the U.S. Lower Corporate And Income Tax Rates?  [View article]
    So Wildcard, if we tax consumption will that not tend to reduce consumption and in an economy based 70% on consumption, will that not result in lower output?
    Jan 23, 2012. 11:33 PM | 1 Like Like |Link to Comment
  • Should the U.S. Lower Corporate And Income Tax Rates?  [View article]
    No offense taken, we're just having a discussion.

    "I think a better question is, "What knowledge do people in govs have that people in markets do not that would allow them to better invest, not their labor and capital, but ours?"" The reality is that I don't think they know more than anyone. But they do have the power, for example the power by Executive Order to eliminate the requirement for "environmental studies" and those kind of show stoppers.

    And of course, they could just as well eliminate "government mandated requirements" that tend to keep business from wanting to take a $5 billion risk on an nuclear plant - not that I know what all of those might be. And, it just might be that Oil Companies are more than happy to not have nuke plants, so who know's who is pulling the strings, or dominating the influence path.

    That being said, I suspect the nuke plants in an aircraft carrier are probably pretty good technology that we have concluded is safe and effective for the purpose intended. Not to say that the government designed it, but they underwrote it's design.

    When it's all said and done, I would be more than happy for government to get out of the way and let us come to some conclusions about what we want to become on our own. So, to that end, I propose a total Federal tax holiday for......let's say 10 years. Then we'll see what we do next.
    Jan 23, 2012. 06:44 PM | Likes Like |Link to Comment
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