huangjin

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    • The People's Republic of America? [view article]
      Everyone who wants to turn government around should send a donation to www.smallgovernmentact.../ or volunteer if they are in Massachusetts.

      The group put Question 1, to abolish the income tax in Massachusetts, on the ballot. If passed, it would cut on-budget spending by 40% and total spending (due to off-budget accounting) by 17%. In my opinion, it is the most important vote on November 4 because it is the one vote that can actually change the direction of this country. And they could use help, since the people who are the controllers and recipients of all those tax dollars are spending $20 million plus and resorting to insane scare tactics to defeat it.       Aug 27 04:57 PM
    • Buffett: I Was Wrong on Anheuser-Busch [view article]
      In this case, being close to management was a liability. Aug 26 04:20 PM
    • Obama Is Bad for the Economy - Barron's [view article]
      Savings power the economy, not spending. Policies that increase savings and investment lead to higher growth. Clinton passed tax cuts in the mid-1990s with the Republican Congress, and the stock market took off after Republicans passed the capital gains tax cut. Before that, the economy didn't grow much. Clinton's tax increase did not help the economy.

      The 90s were good because conservative Republicans battled Clinton on spending. By the late 90s, many of the conservatives left and the rest of the party had a spending party with Bush. Democrats opposed Bush and the Republicans because....they didn't spend enough. Just look at Democrat budgets and proposals, they always said Republicans spent too little.       Aug 26 04:16 PM
    • Let's Not Emulate the Hoover Administration [view article]
      Hoovers mistakes were continued by FDR. Without the New Deal, bank holidays, wage controls, etc., things would have rebounded as they did in Europe. Britain's economy was on the road to recovery by 1933, but the US was dealing with FDRs schemes until WW2. Aug 25 03:09 PM
    • Why $200 Oil Is Good for US Markets [view article]
      Why don't we have the Air Force carpet bomb Detriot and Los Angeles on their way back from Iraq? The effect on the U.S. economy would be the same as $200 oil. And market forces didn't prolong the Depression, FDR and his "pragmatism" and "experimentation&... prolonged the Depression.

      I suggest reading Economic Sophisms by Bastiat.       Aug 25 09:30 AM
    • Natural Gas Fund Is Flaming Out [view article]
      George : It's not working, Jerry. It's just not working.

      Jerry : What is it that isn't working?

      George : Why did it all turn out like this for me? I had so much promise. I was personable, I was bright. Oh, maybe not academically speaking, but ... I was perceptive. I always know when someone's uncomfortable at a party. It became very clear to me sitting out there today, that every decision I've ever made, in my entire life, has been wrong. My life is the opposite of everything I want it to be. Every instinct I have, in every of life, be it something to wear, something to eat ... It's all been wrong.

      ( A waitress comes up to G )

      Waitress : Tuna on toast, coleslaw, cup of coffee.

      George : Yeah. No, no, no, wait a minute, I always have tuna on toast. Nothing's ever worked out for me with tuna on toast. I want the complete opposite of on toast. Chicken salad, on rye, untoasted ... and a cup of tea.

      Elaine : Well, there's no telling what can happen from this.

      Jerry : You know chicken salad is not the opposite of tuna, salmon is the opposite of tuna, 'cos salmon swim against the current, and the tuna swim with it.

      George : Good for the tuna.

      ( A blonde looks at George )

      Elaine : Ah, George, you know, that woman just looked at you.

      George : So what? What am I supposed to do?

      Elaine : Go talk to her.

      George : Elaine, bald men, with no jobs, and no money, who live with their parents, don't approach strange women.

      Jerry : Well here's your chance to try the opposite. Instead of tuna salad and being intimidated by women, chicken salad and going right up to them.

      George : Yeah, I should do the opposite, I should.

      Jerry : If every instinct you have is wrong, then the opposite would have to be right.
      Aug 22 05:24 PM
    • China's Looming Hangover? [view article]
      More importantly the economy rolled right through the changes in consumer confidence. Aug 21 03:52 PM
    • Is the 'Commodity Super Cycle' Dead or Alive? [view article]
      The commodity super cycle is dead!

      Long live the commodity super cycle!       Aug 21 08:50 AM
    • Chesapeake Energy: Earnings and Shale Drama [view article]
      I worry that Aubrey knows as much about natural gas prices as the investment bankers know about credit prices. If he reported last month, would he have made the same crack about $9.25 natural gas? Aug 21 08:48 AM
    • Billion-Dollar Question: Can You Trust China's Economic Data? [view article]
      I'm surprised he's just wondering now. GDP manipulation has been well known, and everyone knows the central data collectors have to adjust the local and provincial numbers. For instance, during Beijing's Olympic preparations, when billions were poured into the city, Tianjin reported equivalent GDP growth. Aug 21 08:39 AM
    • The Dollar Rally Ends [view article]
      If you hold a candle behind your computer monitor, you will see "...NOT!" appear after the headline. Aug 15 01:18 PM
    • Forget $100 a Barrel - Oil Will Plummet to $30 [view article]
      Oil is not going to drop to $30 permanently, but I wouldn't be shocked if that was the bottom during the coming global deflationary recession.

      To put the idea of alternative energy in perspective, in order to replace gasoline with nuclear powered electric cars, the U.S. would need to increase its current number of reactors from just over 100 to several thousand, depending on size. To put that in perspective, imagine if every Taco Bell in America was a nuclear plant. That's roughly how many we need to get rid of oil.       Aug 15 09:00 AM
    • Negative Trend for Oil Exploration and Production Stocks [view article]
      Analysts value E&P companies on earnings estimates, investors value the present value of reserves plus future production. What do I care about natural gas prices in October when I am looking at production and reserves in 2010 and beyond? Aug 14 10:11 AM
    • U.S. Savings Rate To Increase, Finally [view article]
      It's often unattractive to invest at turning points. Savings look bad, but if asset prices are deflating, inflation will follow. Better to earn 0% than lose 10 or 15%. It also looked bad to invest on margin in 1982 with the prime rate at 15% and the market continually falling, but you would have made money.

      I doubt a TV show about saving money and earning 3% will get ratings, but it is the new growth market. Get ahead of the herd and lock in the high rates.       Aug 08 05:10 PM
    • The Great American Economy? Take a Closer Look [view article]
      The shadow CPI ignores the structural changes in the U.S. economy. Energy per unit of GDP is down and the CPI correctly reflects that fact. Inflation is understated, but nowhere near as much as claimed.

      I don't worry about SS and Medicare, since it won't be paid. Retirement ages will be raised and benefits cut to match what the payroll tax takes in.       Aug 07 03:18 PM
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