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WMARKW

WMARKW
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  • A tax relief package of $100M/year for the CME, CBOE and Sears (SHLD) that will prevent them from leaving Illinois has been agreed to by top lawmakers in Springfield. The law still has to be approved by a full state House and Senate that rejected a previous measure.  [View news story]
    CME = "Criminal Manipulating Enterprise"

    These guys should be broken up not encouraged to survive.
    Dec 9 09:20 AM | Likes Like |Link to Comment
  • Paul Krugman Versus Milton Friedman [View article]
    flow5....to me it's a simple question. Does the US have a printing press where it can create money? Can it print a $1 Trillion at will or does it have to sell Treasuries to get $1 Trillion. If the former and not the latter than then that's the basis for MMT. I support the reality that we have printing press and that it is not the Federal Reserve.
    Dec 9 09:03 AM | 1 Like Like |Link to Comment
  • Europe Has Reached The Point Of No Return [View article]
    Advill....dream on.
    Dec 9 08:57 AM | 2 Likes Like |Link to Comment
  • Here's something for the Occupy Wall Streeters to hang their hat on: working Americans are now getting the smallest slice of the income pie on record. The labor share of Q3 productivity — the amount paid to workers instead of businesses and other income-earning entities — was reported to have fallen to 57.1 cents on the dollar, its lowest level since it was first reported by the Bureau of Labor Statistics in 1947.  [View news story]
    Seems to me if you have stagnant wages, fewer workers and higher corporate profits, you get the above mentioned outcome....lower labor share.
    Dec 9 06:04 AM | Likes Like |Link to Comment
  • Europe Has Reached The Point Of No Return [View article]
    Dave....I keep coming back to this notion. If the "results are predictable" and guys like you and me can see it, then what the heck is wrong with the leaders and finance people of these countries. Austerity is contractionary. There are no two ways about it. I am not the brightest bulb in the bunch, but I know that. Thus, I ask the question, if I know it and you know it, and they should know it, then what is the reason they march down this self-destructive path? Is there some sinister motive or is this just an example that when you get a bunch of people in the room then make bad decisions.
    Dec 9 03:11 AM | 1 Like Like |Link to Comment
  • Retail Sales And Supply-Side Economics [View article]
    Wyatt....yep on the paper routes, just after they require a buisness license for lemonade stands....which of course has already happened in some places.

    And of course in S.F. they row about the toys in the McDonald's kids meals....but they city leaders were way more stupid than McDonalds, who got around the idea of giving the toys away by giving a donation for each kids meal to charities...I think it was.
    Dec 8 07:42 PM | Likes Like |Link to Comment
  • The Eurozone's Terrible Mistake [View article]
    MMT = Modern Monetary Theory... Very interesting stuff.

    Germany is not like the US....they are like a state in the US, say California. Germany cannot print it's own Euros for it's own use. Nor can any member of the EU....thus the problems with Greece and Spain for example. And thus the need for the political union that would ultimately grant the ECB the power to print its way to paradise.
    po
    Dec 8 03:17 AM | Likes Like |Link to Comment
  • The Eurozone's Terrible Mistake [View article]
    70% - but like a true economist, I will give you a number but not the date. You never give the number and the date at the same time.

    Actually.....I suspect it will still be 5 years and a bunch of "crises" until there is a "death throes" response of some kind to make it happen.
    Dec 8 03:14 AM | Likes Like |Link to Comment
  • Narrowly Escaping Disaster [View article]
    FOT....If I print $1 million and give it to you to buy treasuries, it does not increase the money supply. If I print $1 Trillion and repay the Chinese for 1/3 of their treasury holdings, and they use it to buy Greek sovereign debt it does not increase the money supply - unless the Greeks deposit the $1 T into an American demand deposit account.
    Dec 8 03:09 AM | Likes Like |Link to Comment
  • The Eurozone's Terrible Mistake [View article]
    Once they get the political union, then they will take those actions to give the ECB the same right to print money as the US Fed has.
    Dec 7 01:55 PM | Likes Like |Link to Comment
  • Monday Market Movement: Do It Again [View article]
    Phil, you are trapped in a paradigm where there is no winning or losing. You have your view of what "FAIR" is, but it is not shared by some other people who have their view of what "FAIR" is. You will not convince me and I will not convince you.....particularly since the both of us cannot even define what we think "FAIR" is.
    Dec 7 01:53 PM | 1 Like Like |Link to Comment
  • Monday Market Movement: Do It Again [View article]
    Mr. Davis and D. Virginia.....
    Tell us....did you itemize your deductions when you filed your tax return last year. Did you take any deductions for your home mortgage interest, of for charitable contributions? Did you offset your capital gains and losses. Did you receive any dividends that you pay 15% tax on.

    If you did, then why did you do it? Why didn't you just file and 1040EZ and disclaim all deductions you were entitled to. You are free to contribute to the reduction of the national debt. Did you?

    Why do you feel so compelled to take money from others to fund an out of control US government? Sure it does lots of good thing, but it does lots of stupid things with the money it spends.

    Do you not believe that increasing taxes is contractionary to the economy and will just make GDP worse and revenue worse?

    Oh well. You probably also believe we need to tax people more so we can spend more.....when the reality is the US government can spend all it wants without taxing people at all. Have you forgotten we have a printing press.
    Dec 7 01:50 PM | 1 Like Like |Link to Comment
  • It's not about the taxes, Mr. President, it's your tone, Leon Cooperman contends. His complaint has less to do with the substance of taxing the wealthy - he says he wouldn't mind paying more - than it does Pres. Obama's choice of words in promoting it, an emphasis that he says is “villainizing the American Dream... We are supposed to admire success in this country."  [View news story]
    Divide and conquer. Segment the market. Target your audiences.
    Dec 6 06:26 PM | 4 Likes Like |Link to Comment
  • It's not about the taxes, Mr. President, it's your tone, Leon Cooperman contends. His complaint has less to do with the substance of taxing the wealthy - he says he wouldn't mind paying more - than it does Pres. Obama's choice of words in promoting it, an emphasis that he says is “villainizing the American Dream... We are supposed to admire success in this country."  [View news story]
    Obama uses words to create an outcome. His handlers tell him what to say to attempt to achieve the outcome. Obama fundamentally lied his way into office and has lied his way through his first term.

    The current political scene is focused on the GOP candidates destroying themselves and being targeted opportunistically by the DEMs. Please notice no one is asking any of the questions to Obama that are being put to the GOP candidates. Brilliant diversion of attention from the current mess this country is in.
    Dec 6 06:23 PM | 3 Likes Like |Link to Comment
  • Senate Republicans accuse CFTC Chairman Gary Gensler of trying to preserve his reputation rather than take the heat for MF Global's collapse and up to $1.2B in missing customer money. Gensler, who has long ties to former MF chief Jon Corzine, recused himself from a probe into the bankrupt futures brokerage, but was ripped for not doing so sooner.  [View news story]
    Gensler is also a central figure in the CFTC precious metals manipulation scam by JPM and GS and the BOYZ.
    Dec 6 06:08 PM | 1 Like Like |Link to Comment
COMMENTS STATS
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