Accompanying Laffer's and Moore's thesis about taxes and migration in the WSJ is an interview with demographer Joel Kotkin about California, which has lost nearly 4M people in 20 years. Kotkin blames high taxes, real-estate prices - due to restrictions - and energy costs, due to green policies that also preclude the development of 25B barrels of shale oil. [View news story]
California..."the land of wine and honey", could soon be the land of "2buckchuck", if and when "reality becomes real".
The problem of student loans is not confined to the young: Americans 60 and older owe about $36B, of which over 10% is delinquent, a recent NY Fed study shows. Some of the debt is because people studied later in life or co-signed for loans for their children or grandchildren, but some of it is also an overhang from when they were young. [View news story]
a little sarcasim, although painful to some, echos the truth.
Exxon Mobil (XOM), BP, and ConocoPhillips (COP) have come to terms with Alaska's government over a dispute regarding a North Slope oil & gas lease. This paves the way for a $40B project to export gas from Alaska to Asia, courtesy of a massive new pipeline and LNG export terminal, to receive a go-ahead. [View news story]
The EPA announces that its new rule for pollution limits CO2 emissions from power plants to 1K tons per megawatt. Though the new regulation is viewed as a "coal-killer" by many analysts, coal ETFs PKOL, KOL are both up moderately for the day as the CO2 rule is likely to face political challenges and the news is already baked in to prices. [View news story]
About the only thing Obama was truthful about back in 2008, was that..."energy prices would be going up".
As the prices for energy rises, Obama's poll numbers should decline, possibly into the 30 percentile range. People vote their "wallets", and empty wallets can in no way be a positive for the current administration.
Less Is More: Why I Prefer Low Yield Stocks [View article]
Thomas, your point: "There is something terribly wrong when the Fed throws retirees and the saving class under the bus with artificially low rates to finance unsustainable largesse orgies." has a definite ring to it of "redistribution of wealth". It's kind of a back door approach for as we on SA know, wealth is never destroyed, ...only transferred. Keeping rates artificially low today, under these conditions, definitely has a dual fold purpose.
"Yes we can" becomes "we thought we could" as President Obama blames the political system for making it difficult to bring the change he promised. Still, his government has stabilized the economy, Obama tells NBC, and now needs to to take it to the next level. [View news story]
""Yes we can" becomes "we thought we could" as President Obama blames the political system for making it difficult to bring the change he promised."
Sounds just like my kid brother, many years ago. Nothing was ever his fault, always mine. Personal responsibility was never his forte, as is the case with the current occupier of the WH. The coming election will define not only who we are as a nation, but where our financial markets are headed. Let's all hope for that "warm fuzzy feeling". By the way Mr.President...ours is a representative government, not a dictatorship, as you seem to espose.
Caterpillar (CAT +2.8%) says it will close a locomotive assembly plant in Canada where unionized workers have been locked out since the beginning of the year after they refused to accept pay cuts and other concessions. The Canadian Auto Workers Union says CAT never intended to keep the plant open. [View news story]
"loon"... "The best country is one that your nieghbour is fed educated and happy. " My reply to your statement, is clearly defined by the US Constitution, under entitlements... "life,liberty and the pursuit of happiness", while your above definition is what has caused the most current European financial implosion. Not until we as a nation demand the best from our people will this nation regain what it has lost. Not until the "dummying down " in education is reversed, will things change for the betterment of all. What happened in MA after the SB last night is an indicator of the stupidity, and moral absences within our current generation. SFB(s--tforbrains) works well in the toilet, but it won't get you very far in the real world of today's global competition.
Caterpillar (CAT +2.8%) says it will close a locomotive assembly plant in Canada where unionized workers have been locked out since the beginning of the year after they refused to accept pay cuts and other concessions. The Canadian Auto Workers Union says CAT never intended to keep the plant open. [View news story]
When Upton Sinclair wrote "The Jungle" in the early 20th century, unions were a necessary evil.
Since then, many unions have become just unnecessarily evil.
"High taxes help the richest, too" asserts Cornell economics professor Robert Frank, as the increased public spending would "produce clear gains in satisfaction for the wealthy," such as better-maintained roads. And besides, what difference does it make it if you have a home that's 15,000 square feet or one that's 10,000? [View news story]
"And besides, what difference does it make it if you have a home that's 15,000 square feet or one that's 10,000?"
the difference quite simply is... it's none of the government's business, or your damn business!
Oil will slip to $85/bbl this year, U.S. economic growth will top 3%, U.S. unemployment will slide below 8%, and the S&P 500 will exceed 1,400 - among Byron Wien's "10 Surprises" for 2012. “Recession fears and even 'the new normal' view of prolonged slow growth are called into question," Wien says, but it's worth remembering that his 2011 predictions proved a tad optimistic. [View news story]
"Oil will slip to $85/bbl this year, U.S. economic growth will top 3%"... an oxymoron if ever there was one.
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]
Provoke,... pacify... and profit. How could we accomplish anything without the political system and the lobbyists? That's the way government works,...everywhere.
The End of Growth In The United States [View article]
"Just out of curiosity, what sort of political system do you think we have here? Because to me, that statement exhibits the same sort of cognitive dissonance as "Tell the government to keep its hands off my Social Security!"
hi joe, our political system is quite easy to decipher. "the squeaky wheel, gets the oil". It happened during the 1700's when the nation was born, and it's continuing. The agendas are considerable. The tribalism is considerable. I believe the only way to purge the system is to eliminate lobbying and their financial incentives for "doing things their way". This is unlikely to happen. They crucified Pete Rose for betting on baseball, yet they trade inside information and make big bucks.
The real war in the US is not between rich and poor...it's between the "powerful and the peasants".
The End of Growth In The United States [View article]
" Now, the world economy has caught up to the US and we are caught flat-footed with an undereducated population that thinks it deserves $60,000 a year for putting a widget on a wobbler"
There you go again, now you've insulted the entire Democrat Party. Wake up man, the people aren't the cause of the country's problems... it's government, "big, giving, generous" government. The type of government as is the current administration. Why bother using your brains, just let Uncle Sam do it for you. Put a couple of generations back to back and you wind up with what we've got now, an SFB (s--t for brains),entitlement society ala the OWS a-holes.
PS. my eyes have yet to see a single"redneck" in the OWS movement; they're way too busy working to feed their families, and give their kids a better shot at life than they had. God bless my "redneck" brothers and sisters.
The End of Growth In The United States [View article]
"What this economic downturn is going to drive into the abyss is redneck America that has had far too large of the pie for too long. "
Spoken like a true social elitist,who pulls his pants on in the am, 2 legs at a time, without resting his butt on the bed. Your dissertation fails to realize that your so called "rednecks" happens to comprise probably 85-95% of the US population, not by accent, not by race, not by faith, but by social status. You appear to be not only a bigot, but a dumb-ass bigot.
Accompanying Laffer's and Moore's thesis about taxes and migration in the WSJ is an interview with demographer Joel Kotkin about California, which has lost nearly 4M people in 20 years. Kotkin blames high taxes, real-estate prices - due to restrictions - and energy costs, due to green policies that also preclude the development of 25B barrels of shale oil. [View news story]
The problem of student loans is not confined to the young: Americans 60 and older owe about $36B, of which over 10% is delinquent, a recent NY Fed study shows. Some of the debt is because people studied later in life or co-signed for loans for their children or grandchildren, but some of it is also an overhang from when they were young. [View news story]
Exxon Mobil (XOM), BP, and ConocoPhillips (COP) have come to terms with Alaska's government over a dispute regarding a North Slope oil & gas lease. This paves the way for a $40B project to export gas from Alaska to Asia, courtesy of a massive new pipeline and LNG export terminal, to receive a go-ahead. [View news story]
The EPA announces that its new rule for pollution limits CO2 emissions from power plants to 1K tons per megawatt. Though the new regulation is viewed as a "coal-killer" by many analysts, coal ETFs PKOL, KOL are both up moderately for the day as the CO2 rule is likely to face political challenges and the news is already baked in to prices. [View news story]
was that..."energy prices would be going up".
As the prices for energy rises,
Obama's poll numbers should decline, possibly into the 30 percentile range.
People vote their "wallets", and empty wallets can in no way be a positive for the current administration.
Less Is More: Why I Prefer Low Yield Stocks [View article]
your point:
"There is something terribly wrong when the Fed throws retirees and the saving class under the bus with artificially low rates to finance unsustainable largesse orgies."
has a definite ring to it of "redistribution of wealth".
It's kind of a back door approach for as we on SA know,
wealth is never destroyed, ...only transferred.
Keeping rates artificially low today, under these conditions, definitely has a dual fold purpose.
"Yes we can" becomes "we thought we could" as President Obama blames the political system for making it difficult to bring the change he promised. Still, his government has stabilized the economy, Obama tells NBC, and now needs to to take it to the next level.
[View news story]
Sounds just like my kid brother, many years ago.
Nothing was ever his fault, always mine.
Personal responsibility was never his forte, as is the case with the current occupier of the WH.
The coming election will define not only who we are as a nation, but where our financial markets are headed.
Let's all hope for that "warm fuzzy feeling".
By the way Mr.President...ours is a representative government, not a dictatorship, as you seem to espose.
Caterpillar (CAT +2.8%) says it will close a locomotive assembly plant in Canada where unionized workers have been locked out since the beginning of the year after they refused to accept pay cuts and other concessions. The Canadian Auto Workers Union says CAT never intended to keep the plant open. [View news story]
"The best country is one that your nieghbour
is fed educated and happy. "
My reply to your statement, is clearly defined by
the US Constitution, under entitlements... "life,liberty and the pursuit of happiness", while your above definition is what has caused the most current European financial implosion.
Not until we as a nation demand the best from our people will this nation regain what it has lost. Not until the "dummying down " in
education is reversed, will things change for the betterment of all.
What happened in MA after the SB last night is an indicator of the stupidity, and moral absences within our current generation.
SFB(s--tforbrains) works well in the toilet, but it won't get you very far in the real world of today's global competition.
Caterpillar (CAT +2.8%) says it will close a locomotive assembly plant in Canada where unionized workers have been locked out since the beginning of the year after they refused to accept pay cuts and other concessions. The Canadian Auto Workers Union says CAT never intended to keep the plant open. [View news story]
Since then, many unions have become just unnecessarily evil.
"High taxes help the richest, too" asserts Cornell economics professor Robert Frank, as the increased public spending would "produce clear gains in satisfaction for the wealthy," such as better-maintained roads. And besides, what difference does it make it if you have a home that's 15,000 square feet or one that's 10,000? [View news story]
the difference quite simply is...
it's none of the government's business,
or your damn business!
Oil will slip to $85/bbl this year, U.S. economic growth will top 3%, U.S. unemployment will slide below 8%, and the S&P 500 will exceed 1,400 - among Byron Wien's "10 Surprises" for 2012. “Recession fears and even 'the new normal' view of prolonged slow growth are called into question," Wien says, but it's worth remembering that his 2011 predictions proved a tad optimistic. [View news story]
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]
How could we accomplish anything without the political system and the lobbyists?
That's the way government works,...everywhere.
The End of Growth In The United States [View article]
hi joe,
our political system is quite easy to decipher.
"the squeaky wheel, gets the oil". It happened during the 1700's when the nation was born, and it's continuing.
The agendas are considerable. The tribalism is considerable. I believe the only way to purge the system is to eliminate lobbying and their financial incentives for "doing things their way".
This is unlikely to happen. They crucified Pete Rose for betting on baseball, yet they trade inside information and make big bucks.
The real war in the US is not between rich and poor...it's between the "powerful and the peasants".
The End of Growth In The United States [View article]
There you go again, now you've insulted the entire Democrat Party.
Wake up man, the people aren't the cause of the country's problems... it's government, "big, giving, generous" government. The type of government as is the current administration.
Why bother using your brains, just let Uncle Sam do it for you.
Put a couple of generations back to back and you wind up with what we've got now, an SFB (s--t for brains),entitlement society ala the OWS a-holes.
PS. my eyes have yet to see a single"redneck" in the OWS movement; they're way too busy working to feed their families, and give their kids a better shot at life than they had.
God bless my "redneck" brothers and sisters.
The End of Growth In The United States [View article]
Spoken like a true social elitist,who pulls his pants on in the am, 2 legs at a time, without resting his butt on the bed.
Your dissertation fails to realize that your so called "rednecks" happens to comprise probably 85-95% of the US population, not by accent, not by race, not by faith, but by social status.
You appear to be not only a bigot, but a dumb-ass bigot.
Wall Street Breakfast: Must-Know News [View article]
Penn St. investigators... in the off season.