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WMARKW

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  • U.S. Treasuries To Be Avoided At All Costs [View article]
    But there will be NO pickup of consequence in general economic activity. There are too many anchors dragging behind the boat. We'll be lucky to have 1.5% GDP growth over the next 5 years, unless you can tell me some reasonable explanation of what will change. Employement won't change until business see increased demand. Demand won't change until wages increase or employment increases....guess what, it's called the spiral of death. Negative reinforcing feedback.

    With 1.5% GDP growth, you can bet we'll easily add another $6T to $7T in deficits to the $15T debt. So without an increase in interest rates, carrying cost wil increase 40 - 50%.
    Dec 21, 2011. 05:11 PM | 1 Like Like |Link to Comment
  • The Plight Of The 1% [View article]
    153972: Both you and Mary and many others have your finger on the pulse of the patient, but you are only providing me and everyone else with vital stats. You say the patient's temperature needs to drop or something bad will happen. So your diagnosis may be correct but you don't provide a remedy.

    Others on other SA articles suggest wealth tax, inheritance tax, etc. What they are saying is that the wealthy need to be punished and have their wealth taken away from. Somehow that will make the 99ers feel better, though you and I know it will clearly do NOTHING to change the lifestyles of the 99ers. The 1%ers don't have sufficient wealth to do that. So their remedy is like a kid without a cupcake taking one away from a kid that has one and smashing it. Equal deprivation.

    The Russian revolution led to communism and the failed state of the USSR. Despite enormous natural resources, the concept of equal deprivation was felt by all but the high level party members who were the only ones to have a car and a dacha on the lake. They were the equivalent of 1%ers.

    If the people who vote can't make the politicians who are supposed to represent them respond, then nothing will change. The politicians have this concept you have seen in disaster movies called "continuity of government". They own the police, the armed forces and all the resources necessary to ensure their survival. The wealthy own Gulfstreams and Yacht's and residences all over the world. Before the sick patient gets up off his bed in one last rage of hysteria, the wealty will have evacuated, and I suspect you find few members of the armed forces who will renounce their "sworn" duty to defend the establishment from enemies foreign and within.
    Dec 21, 2011. 05:05 PM | Likes Like |Link to Comment
  • Tim Tebow, Social Mood And The Future Of U.S. Stocks [View article]
    Yea...but what would they do with it, just buy their shares back?? That may not be bad, if get's into hands of shareholders....maybe they'll spend it.
    Dec 21, 2011. 02:20 PM | Likes Like |Link to Comment
  • The Plight Of The 1% [View article]
    Mary....and your disgusting ignorance is showing. I don't care if the legislators do the bidding of whoever. If you don't like them vote them out. The 99ers voted in Obama, they can vote out the "legislators that do the bidding of the lobbyists". If the 99ers aren't capable of imposing their will at the voting booth, then their inability and ignorance will get them nothing but what they already have.

    As for the troops, I support them. My dad was 28 years in the USAF. But I also believe we have no business being the world cop. So bring all the troops home. That's right ALL of them.

    And you still didn't even begin to offer your definition of "fair", because you don't have one. You only feel one.
    Dec 21, 2011. 12:30 PM | Likes Like |Link to Comment
  • Jamie Dimon joins billionaires to defend themselves and the 1% against "acting like everyone who’s been successful is bad and because you’re rich you’re bad." Josh Brown's retort: "No, we don't hate the rich. What we hate are the predators... America hates unjustified privilege, it hates an unfair playing field and crony capitalism... it hates rule changes that benefit the few at the expense of the many."  [View news story]
    "The issue is those who use the power of money to make more money by gaming the system, looting and plundering, causing losses to others in order to create profits for themselves, without creating anything of value. "

    The statement of the problem according to you.

    "The missing piece of the puzzle is a wealth tax. Middle class Americans are subject to a property tax on their largest asset, the home, about 1.7% annually where I live."

    The statement of the solution according to you.

    So why not enforce and create the laws that prevent the gaming and looting of the system, instead of stealing what doesn't belong to you or the government.
    Dec 21, 2011. 09:01 AM | 2 Likes Like |Link to Comment
  • Tim Tebow, Social Mood And The Future Of U.S. Stocks [View article]
    And that's what we are missing. Where are the leaders standing up and saying, "This is what we need to do!" Where are the brains suggesting approaches that will change the paradigm? Where are the business roundtable guys saying here is a formula for change?

    I would totally support a fiscal stimulus program of $5 Trillion. The only problem is I would totally NOT support the dunces in DC being the ones who determined the investments to be made that would produce a "return" to the taxpayers in the form of jobs, productivity, reduced dependence on foreign oil, lower cost energy, sensible transportation initiatives, etc.

    Give me a President who can gather the best minds in the country to come up with the Economic Plan for 2020. Pick the winning technology initiatives. Support (subsidize extensively) those educations that will be required to make it happen. Kennedy said we want to put a man on the moon. Who will say we want to create the greatest economy in the history of the world?
    Dec 20, 2011. 11:13 PM | 1 Like Like |Link to Comment
  • Jamie Dimon joins billionaires to defend themselves and the 1% against "acting like everyone who’s been successful is bad and because you’re rich you’re bad." Josh Brown's retort: "No, we don't hate the rich. What we hate are the predators... America hates unjustified privilege, it hates an unfair playing field and crony capitalism... it hates rule changes that benefit the few at the expense of the many."  [View news story]
    And grandgousier.....what gives you the right to generalize so? In the state where I live I can point to multiple billionaires who have left their fortunes to hospitals, cancer centers, educational institutions, churches, etc.

    It's not about who deserves and who doesn't deserve; who has and who doesn't have. It's about the right of the individual to be self-determining and to do with ones property what one thinks is appropriate.

    Yes there is a bell shaped curve. It probably applies to billionaires just like ordinary people. Some are scoundrals. Some are wonderful people. Same applies to poor people. Some of the worst people I have seen are bitter, envious and even willing to take what doesn't belong to them by force.

    If the government can take from anyone and give to anyone then it's simply a matter of time before that capriciousness is turned against the common man.

    If people don't like the tax law, then the 99% certainly can change those who serve them in DC, and can change the nature of the law. In so doing, however, there is no guarantee that those with resources will not happily look for alternatives like wealthy Chinese are doing today.
    Dec 20, 2011. 11:01 PM | 3 Likes Like |Link to Comment
  • When Will Europe Realize QE Is The Answer? [View article]
    Mobyss....you got most all the key ones.

    You missed the one about "never let a good crisis go to waste" and the resulting unanimous decision by all the (co-opted...errr crooked) EU leaders to support the requirement for an immediate political union, achieved by mandate/fiat/executive order regardless of the wishes of the EU people.
    Dec 20, 2011. 10:52 PM | 2 Likes Like |Link to Comment
  • Jamie Dimon joins billionaires to defend themselves and the 1% against "acting like everyone who’s been successful is bad and because you’re rich you’re bad." Josh Brown's retort: "No, we don't hate the rich. What we hate are the predators... America hates unjustified privilege, it hates an unfair playing field and crony capitalism... it hates rule changes that benefit the few at the expense of the many."  [View news story]
    - So the Home Depot co-founder is wealthy. What is the measure of the economic value of the enterprise he created? Certainly his wealth is in some measure, a reflection of his pro-rata share of value. How many other people did he make wealthy? How many shareholders did he make wealthy? In 2011 his company employed 320 thousand people. They probably served as a model to improve the effeciveness of the supply chain - at what value to the US economy?

    If Home Depot employed 3 million people would his wealth be appropriate for the enterprise's contribution to employment?

    Once such wealth is gained, then does it change an entrapeneur into a plutocrat?

    If I could invent cold-fusion, how much would the country be willing to pay me for it? A billion, two, ten, a hundred? Would they gladly pay me that for my invention, and then what....I would be a plutocrat who saved America from peak oil?

    What, and then after I died and left my cold-fusion fortune to my children (a la Wal-Mart) would they be labled as tit-sucking rentiers?

    No one has yet to define what is a "fair" share. Thus far it is defined by the tax code. If the 99'ers don't like the tax code, then let them light up the phones to their representatives and change the dad-gum thing.

    Once my income has been taxed, what does it matter whether I invest it in Treasuries, Equities, Farm Land, Apartments, or VC investments. Why should anyone care? Perhaps jealousy?
    Dec 20, 2011. 10:03 PM | 3 Likes Like |Link to Comment
  • Jamie Dimon joins billionaires to defend themselves and the 1% against "acting like everyone who’s been successful is bad and because you’re rich you’re bad." Josh Brown's retort: "No, we don't hate the rich. What we hate are the predators... America hates unjustified privilege, it hates an unfair playing field and crony capitalism... it hates rule changes that benefit the few at the expense of the many."  [View news story]
    And in one generation the same rich folks will have it all back again. They get it for a reason. They are not poor because the act differently than "poor" people do.
    Dec 20, 2011. 09:50 PM | Likes Like |Link to Comment
  • Jamie Dimon joins billionaires to defend themselves and the 1% against "acting like everyone who’s been successful is bad and because you’re rich you’re bad." Josh Brown's retort: "No, we don't hate the rich. What we hate are the predators... America hates unjustified privilege, it hates an unfair playing field and crony capitalism... it hates rule changes that benefit the few at the expense of the many."  [View news story]
    Hmmmmmm, seems the entitlement crowd is a pretty large voting block....around 45% if I have my figures correct.
    Dec 20, 2011. 09:46 PM | Likes Like |Link to Comment
  • Jamie Dimon joins billionaires to defend themselves and the 1% against "acting like everyone who’s been successful is bad and because you’re rich you’re bad." Josh Brown's retort: "No, we don't hate the rich. What we hate are the predators... America hates unjustified privilege, it hates an unfair playing field and crony capitalism... it hates rule changes that benefit the few at the expense of the many."  [View news story]
    I would venture to guess that the OWS crowd could not distinguish between "predators" and the "justifiably" rich.
    Dec 20, 2011. 07:12 PM | 1 Like Like |Link to Comment
  • Jamie Dimon joins billionaires to defend themselves and the 1% against "acting like everyone who’s been successful is bad and because you’re rich you’re bad." Josh Brown's retort: "No, we don't hate the rich. What we hate are the predators... America hates unjustified privilege, it hates an unfair playing field and crony capitalism... it hates rule changes that benefit the few at the expense of the many."  [View news story]
    Terry....and?
    Dec 20, 2011. 07:11 PM | 4 Likes Like |Link to Comment
  • The Plight Of The 1% [View article]
    dvargasr....you are right. They need to give them (whoever that is) a win. Cap gains give up would probably be meaningless.
    Dec 20, 2011. 06:43 PM | Likes Like |Link to Comment
  • The sins of Fannie and Freddie were bad enough: inadequate capital, accounting fraud, essentially writing most laws that affected them. But Joe Nocera says the one thing they didn't do was lead the private sector off the cliff with their affordable housing mandates and massive subprime holdings. "The reality is that Fannie and Freddie followed the private sector off the cliff instead of the other way around."  [View news story]
    And GSE's continue(d) to write loans in a falling housing market with 4% down, guaranteeing that any such loan written from 2008 to now would automatically create a "homeowner underwater" situation. Is that intelligent underwriting or policy directive?
    Dec 20, 2011. 06:25 PM | 4 Likes Like |Link to Comment
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