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  • The Bond Trap  [View article]
    Yes, however did humans progress without "social safety nets" from government sanctioned thievery?

    Spare me the sanctimoniousness tone. The emotional response doesn't help your argument. You aren't the only one in the world who has witnessed how difficult poverty can be on individuals. I've experienced the affects of generational welfare first-hand and I shake my head at the notion that enslavement (yes, enslavement) of people to the state for their own good while stealing resources from others is somehow an honorable cause.

    You are owed only what you earn and you earn only what someone is willing to pay you. The concept of a "living wage" is total abdication of personal responsibility for what is takes to shelter and feed yourself and your family. We have created a society in history's wealthiest country where we have managed remove the very drive to feed oneself from a large percentage of individuals. This is NOT progress.
    Jul 7, 2014. 02:50 PM | 1 Like Like |Link to Comment
  • The Bond Trap  [View article]
    Are we even able to differentiate the bankers, the "regulators" and legislatures from this conversion? If the banks committed fraud and those in power do not prosecute those crimes, then aren't they aiding and abetting?
    Jul 7, 2014. 01:47 PM | Likes Like |Link to Comment
  • The Bond Trap  [View article]
    "Finally, if you think the poor can ever have the same freedom as the rich without govt intervention, you are completely out of touch."

    Freedom is provided through government intervention?!? Say what? What kind of double-talk is that or was that an unintended 'slip of the type'?
    Jul 7, 2014. 01:39 PM | 2 Likes Like |Link to Comment
  • The Bond Trap  [View article]
    "The SEC would then lose regulatory authority based on a clear example of overreach."

    This makes me laugh. As if there haven't been clear examples of overreach by *pick your central government agency* on a daily basis. Let's not worry too much though..the 'experts' are in charge.

    oy vey.
    Jun 24, 2014. 01:22 PM | 6 Likes Like |Link to Comment
  • The Bond Trap  [View article]
    Intervention hyper-inflates bubbles and when the cost of debt outpaces the growth debt helps to pay for, you find yourself in the mess we are in today. Does it have to be a bed of roses to be better than this?
    Jun 24, 2014. 10:28 AM | 4 Likes Like |Link to Comment
  • GE Capital Finances New Chicago Brewery For Lagunitas 
    The picture is a perfect representation of the difference between the bankers and the producers. You don't even need a caption to see who is who.
    Jun 20, 2014. 10:06 AM | 1 Like Like
  • Bond funds to become Roach Motels?  [View news story]
    Don't worry, folks. The experts are in charge.
    Jun 16, 2014. 03:59 PM | 4 Likes Like |Link to Comment
  • Taco Bell's New Doritos Taco And Waffle Taco Can Save Yum Brands From Its Chinese Worries  [View article]
    I am so conflicted over the Waffle Taco. Do I love it or am I disgusted by it? Possibly both.
    Aug 14, 2013. 03:33 PM | 1 Like Like |Link to Comment
  • Minimum wage debate rages on  [View news story]
    There is so much *face-palm* in this story that it's difficult to figure out where to begin...

    As a nation, we truly get what we deserve.
    Jul 29, 2013. 02:36 PM | 4 Likes Like |Link to Comment
  • The Fed will trim its asset purchase program to $65B/month from the current $85B pace beginning in September, according to a growing number of economists polled by Bloomberg. "The markets have adjusted," says one respondent. "Investors believe it won't be a strong negative for the markets or the economy."  [View news story]
    ah, yes. GDP "growth" has been supported by massive intervention and corporate margins have been compressed...yet, it won't be a "strong negative"?
    Jul 23, 2013. 09:31 AM | 1 Like Like |Link to Comment
  • Masao Yoshida, the plant manager who led the fight to bring the reactors at Tepco's (TKECY.PK) Fukushima atomic station under control during the 2011 nuclear disaster, has died of cancer. He was 58. The company says the illness was unrelated to radiation exposure after the nuclear accident. Yoshida led a group that became known as the "Fukushima Fifty," who who stayed behind and risked their lives to bring the reactors under control.  [View news story]
    "The company says the illness was unrelated to radiation exposure after the nuclear accident."

    Totally believable considering that Tepco seems to have gotten their PR lessons from Baghdad Bob.
    Jul 10, 2013. 11:07 AM | Likes Like |Link to Comment
  • It's still too early to reduce asset purchases, says San Francisco Fed chief Williams. More evidence is needed of the recovery's momentum and that the drop in inflation is a temporary one. His personal forecast is for unemployment to still be over 7% at year's end and for inflation to remain well under 2% into 2015.  [View news story]
    $85 billion a month.
    Jun 28, 2013. 03:41 PM | Likes Like |Link to Comment
  • More on Personal Income: The 3.6% decline in income was the sharpest in 20 years, but it comes after December's 2.6% spike on the wave of pre-tax hike special dividends and bonuses.  [View news story]
    Mar 1, 2013. 08:53 AM | 2 Likes Like |Link to Comment
  • "Fifty-seven percent of the Italian vote went to parties that have vowed to tear up the EU austerity script," writes Ambrose Evans-Pritchard. It's of "seismic importance," says RBS' Andrew Roberts. "The ECB rescue depends on countries doing what they are told." Roll that line around in your mind for a bit.  [View news story]

    Feb 27, 2013. 09:33 AM | Likes Like |Link to Comment
  • Bernanke: Monetary and fiscal policies are working at cross purposes, he says, responding to a question. Tighter fiscal policy is dragging growth by 1.5% this year and monetary policy cannot make up for that, he contends. "Fiscal policy decisions being made are mismatched with timing," i.e., no spending cuts this year, please.  [View news story]
    Recession is the movement towards fiscal equilibrium. It MUST happen.
    Feb 26, 2013. 02:54 PM | Likes Like |Link to Comment