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Killer454

Killer454
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  • Wall Street Breakfast: Netflix Shares Hit All-Time High On Subscriber Growth [View article]
    Greece is like an eternal loop of the Wimpy charaacter on the old Popeye cartoons saying "I will gladly repay you Tuesday for a hamburger today".
    Apr 16, 2015. 08:51 AM | 16 Likes Like |Link to Comment
  • Wall Street Breakfast: South Korea Next To Jump On Easing Bandwagon [View article]
    Don't think that this is over with.

    Obama is determined to impose his ideology on the country by executive order, having his apparatchiks in the various government agencies "creatively" reinterprit laws and any other means he thinks he can get away with.
    Mar 12, 2015. 08:47 AM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: Global Equities Head Lower; ECB Kicks Off QE [View article]
    "Yes, its called Keynesianism."

    Uh huh.

    That's what I thought you were going to say.

    Keynesian economic theory with it's magic multiplier effects has never been proven to have worked anywhere on earth it's ever been tried.

    Obama's so-called "stimulus' failed by the metrics it's proponents set for it.. Now as the economy started turning up years later, it's cheerleaders want claim that is the cause of it None of them are capable of proving it.

    Any more than they can prove FDR's "New Deal" saved the country from the Great Depression. Because it didn't.
    Mar 9, 2015. 02:59 PM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Global Equities Head Lower; ECB Kicks Off QE [View article]
    Really?

    The state governments of all 50 states have to balance their budgets.

    Perhaps you could elaborate on exactly what "Econ 101" principle would be violated by the federal government doing the same thing.

    Since there are no "special" principles of economics for government entities separate and apart from the same ones that apply to every other type entity.
    Mar 9, 2015. 02:06 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Global Equities Head Lower; ECB Kicks Off QE [View article]
    Blue - the main problem with that strategy is that the majority of the spending causing the debt increases are not considered part of the budget.

    So-called "non discretionary" spending on Social Security, Medicare, Medicaid, etc are the main drivers of the increases in the national debt. The politicians have tried to absolve themselves for any accountability for what they have wrought in creating those programs by inventing a "non discretionary" category that is outside of what is considered part of the government's budget. The idea is preposterous on it's face. Congress controls ALL spending on everything and it certainly has the power to change it via legislation. There is nothing "non discretionary" about it.
    Mar 9, 2015. 10:51 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: Global Equities Head Lower; ECB Kicks Off QE [View article]
    gggl, you forgot to mention that the bondholders were screwed by the Obama administration breaking the rules of bankruptcy succession to steal their share of the company to give it to the UAW in the first place.
    Mar 9, 2015. 08:12 AM | 21 Likes Like |Link to Comment
  • Wall Street Breakfast: Global Equities Head Lower; ECB Kicks Off QE [View article]
    "Congress will be in no hurry to raise the federal government's borrowing limit, Senate Majority Leader Mitch McConnell told CBS' "Face the Nation" on Sunday, but will act in time to avoid Washington defaulting on its debt"

    Here we go with that "default on the debt" nonsense again.

    The federal government takes in more than enough revenue to pay debt service on Treasury bonds, bills and notes. All it has to do is prioritize paying that first before everything else. Refraining from paying anything else does not constitute defaulting on the debt.
    Mar 9, 2015. 08:04 AM | 8 Likes Like |Link to Comment
  • Wall Street Breakfast: All Eyes On Jobs [View article]
    I wouldn't be too sure about that.

    There was a story the other day about where global millionaires are moving from and to.

    As I recall the number of them moving out of China to go somewhere else topped the list.
    Mar 6, 2015. 08:25 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: All Eyes On Jobs [View article]
    Moving oil by pipeline is safer than moving it by tanker cars on trains.

    Do you dispute that?
    Mar 6, 2015. 08:23 AM | 13 Likes Like |Link to Comment
  • Wall Street Breakfast: Signs Of A Top? [View article]
    Just replace the smoke detectors with ones that have a sealed lithium battery that is supposed to last 10 years.
    Mar 5, 2015. 07:50 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: The Interest Rate Cuts Continue [View article]
    Hitler and Stalin were partners until June 22nd , 1941 - not 1940.

    That is when Hitler launched Operation Barbarossa - the invasion of the Soviet Union.

    It was also the single largest military operation in human history.
    Mar 5, 2015. 03:15 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Signs Of A Top? [View article]
    "Let's start with the very foundational problem of private money being allowed to buy politicians."

    The "foundational problem" is that the federal government has vastly exceeded it legitimate Constitutional powers. It taxes too much, spends too much and inserts itself in virtually every aspect of business and the economy. The fault for that lies squarely on those who support that expansive government and have helped create in a multitude of ways. Money could not buy influence over weilding that expansive power if the power did not exist to be sold by politicians.

    And by the way, some of the biggest "customers" those politicans sell to are labor unions - both private sector employee unions and increasingly government employee unions as well. Thus we have the spectacle of the Obama administration breaking the rules of bankrupcty succession and stealing the bondholders share of GM and Chrysler and giving it to the UAW.

    And the spectacle of state and local politicans in the pockets of teachers unions and other government employee unions putting taxpayers on the hook to pay for excessively generous pension and retiree health plans. Most of the private sector workers who are expected to pay for those sweetheart deals don't get anything remotely like it themselves.
    Mar 5, 2015. 11:49 AM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: The Interest Rate Cuts Continue [View article]
    Let's not forget that initially Stalin was Hitler's ally. They had an agreement to carve up Poland between them.

    The Soviets only fought the Germans because Hitler double crossed Stalin and invaded the Soviet Union. The Soviet regime was not one iota less brutal or evil than the Nazi regime.
    Mar 5, 2015. 10:30 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Signs Of A Top? [View article]
    "another fake scandal that literally no one cares about except the sheep."

    There is no better indicator that a liberal Democrat HAS done something substantively wrong than other Democrats proclaiming it to be a "fake scandal"..

    But then liberal Democrats serve as perfect contrary indicators on a whole host of issues.
    Mar 5, 2015. 10:18 AM | 12 Likes Like |Link to Comment
  • Wall Street Breakfast: Signs Of A Top? [View article]
    "My favorite Hillary moment, amongst scores, is making 100g from a 1g speculation in cattle futures."

    Yeah that's a good one. That was clearly a laundered political payoff.

    Her comment on how she managed to make that money is funny as well - she claimed she did it by reading the Wall Street Journal.
    Mar 5, 2015. 10:12 AM | 12 Likes Like |Link to Comment
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