Seeking Alpha

WMARKW

WMARKW
Send Message
View as an RSS Feed
View WMARKW's Comments BY TICKER:
Latest  |  Highest rated
  • The 'Real' Employment Situation Report [View article]
    Larry....my wife told me today COBRA for the two of us would be >$850 a month. I think I'd be happy to pay Medicare something on that order (hopefully) less for a comparable policy.

    I think we could get Hollywood and maybe Hooper to make it a foursome.
    Regards.
    Jan 9, 2012. 06:01 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    SNB Chairman....just another example of the rich and powerful insiders....seems they have a tough time maintaining their honesty...but then again....who teaches that anymore.
    Jan 9, 2012. 05:53 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    James, but from my experience in Shanghai, there are tons of electric bikes and scooters, and you know what....I think electric scooters would go over quite well here in the US. They seem pretty utilitarian. Just saying.
    Jan 9, 2012. 05:50 PM | 1 Like Like |Link to Comment
  • The European Situation: Where Does Sovereign Credibility Come From? [View article]
    "Barro is suggesting that the only way that the fiscally irresponsible will become credible is for them to be “out-on-their-own” again where they will have to be totally responsible for their own actions."

    Could we say the same thing about the TBTF banks?
    Jan 9, 2012. 05:27 PM | 1 Like Like |Link to Comment
  • Bank On It: Financials Will Lead The Way In 2012 [View article]
    Good luck to you all....I wouldn't touch the banksters with a 10 foot pole, neither as an investment nor as a supplier of banking services. I think they all have work to do to re-furbish their brands.
    Jan 9, 2012. 05:21 PM | Likes Like |Link to Comment
  • Gold And Silver Is Risky For The Long Term [View article]
    Debutant....I am on the same page as you. I will be coming to Prague, Vienna and Budapest this summer. I expect a wonderful vacation.

    Hopefully we don't have to live to a long and ripe old age to see these changes.

    Vielen Dank (just guessing)
    Jan 9, 2012. 05:13 PM | 1 Like Like |Link to Comment
  • The 'Real' Employment Situation Report [View article]
    Papa, you are talking about the food chain of technology and education. We all need to climb the food chain through education or through whatever means we acquire skills or use "gifts" we have that allow us to compete. We are constantly adding to the top layer the newly educated and newly skilled, while those at the top become top-heavy to those at the bottom of the food chain. Thus we are constantly looking for a way, not to deal with the additions at the top, but with the "deletions" at the bottom.

    From my past with Larry, I think he gets that and has introduced a concept that I have seen really no one else talk about and that is that we need to figure out what to do with the "deletions" from the bottom who find themselves without a capacity to compete in the labor market for a wage that allows them to be self-supporting.

    Interestingly, while on business trips in China, I have seen what I would consider alot of these kind of people. Some are out in the street sweeping with a broom made of twigs. Others are perform simple tasks like wheeling a cart full of boxes down the street. In the US, we have machines and couriers that do these jobs. I suspect they are subsidized essentially with a government issued pay check, but they are performing a service/task of some kind.

    In industry we have "outplacement" programs from people leaving companies in take-overs, etc. Perhaps we should have an "outplacement" program for people leaving the workforce because they have been "deleted" from the bottom of the ladder. And many companies and government offices look at "early retirement" offers to encurage people to consider leaving. It's an interesting concept to consider. And, as I mentioned earlier....what if this trend accelerates?

    Hey....set my full SS retirement age to 60 and put Medicare down to 60 so I don't have to COBRA for insurance coverage, and I'll leave the workforce early.
    Jan 9, 2012. 05:01 PM | 1 Like Like |Link to Comment
  • The 'Real' Employment Situation Report [View article]
    Lance....I am actively looking forward to the time that I will not be in the labor force. Then I can make room for someone else to come and take my place. Like Larry says above, we don't quite have it figured out yet. What will we do when all the manufacturing jobs are automated and all the stuff is made with little or no labor component. Then, will we all be service workers? I won't have to worry....I'll be writing books in a couple years.
    Jan 9, 2012. 02:41 PM | 2 Likes Like |Link to Comment
  • Why Has Gold Been Down? [View article]
    Kornfedboy....and just think, prior to 1935, most every American probably had a $5 gold piece or a Silver Dollar in their pockets pretty regularly. That's what I call, "widely held".
    Jan 9, 2012. 02:20 PM | Likes Like |Link to Comment
  • Unmitigated Good News On Jobs [View article]
    Witness Jon Corzine as your poster child for high paid liars. Just saying.
    Jan 9, 2012. 02:17 PM | 3 Likes Like |Link to Comment
  • Gold And Silver Is Risky For The Long Term [View article]
    Debutant....I was kidding you. Perhaps something got lost in the translation....I was simply commenting on the fact that if you said those things at your supposed US senate hearing, they would probably make a reporter there think about Jon Corzine, as they sound very much like what he would have said or did say about MF Global.

    To say you would be fined is a comment that we call "tongue in cheek". It means I was trying to be a little sarcastic or sly in my comment. And when I commented about being a character witness, I was offering myself to be your character witness, because anyone who holds precious metals and stands aginst the evils of big government and big banking must be a good person....at least from my way of thinking.

    Your native language is?
    Jan 9, 2012. 02:14 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Jack, there is no doubt at all that such tools are extremely efficient when necessary, but there is now doubt also, that when deployed, they evaporate the human and financial capital contained within. I am all for using power when necessary.....I just think much of what we've been engaged in since WWII has been pretty "un-necessary".
    Jan 9, 2012. 02:03 PM | Likes Like |Link to Comment
  • Jobs Data Isn't As Cheery As They Would Have You Think [View article]
    Old Wizard....totally support the idea of expanded use of LNG in vehicles. Too bad I think the oil companies are just content with things the way they are.
    Jan 9, 2012. 01:59 PM | Likes Like |Link to Comment
  • Gold's Correlation With Commodities And Stocks [View article]
    I suggest the following paper by Oxford Economics that discusses these coorelations in great detail and provides significant model results on coorelation of gold with various asset classes in different economic climates, i.e. inflation, deflation, stagflation, etc.

    http://bit.ly/yo231o
    Jan 9, 2012. 01:53 PM | 1 Like Like |Link to Comment
  • John Hussman thinks analysts who diminish the chances of recession after the recent string of better-than-expected economic reports are misreading the data, failing to account for the predictive strength of given data points in explaining subsequent movements in the economy: "The balance of leading evidence continues to indicate a very high likelihood of an oncoming recession."  [View news story]
    Option.... the fact that we are in a recession doesn't mean corporate profits can be doing very well.
    Jan 9, 2012. 01:48 PM | Likes Like |Link to Comment
COMMENTS STATS
10,683 Comments
17,223 Likes