Comments on: Son of a Bubble http://dailyreckoning.com/son-of-a-bubble/ Economic News, Markets Commentary, Gold, Oil and Investing Strategies. Sun, 27 May 2012 09:55:17 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: paint scratches on car http://dailyreckoning.com/son-of-a-bubble/#comment-357372 paint scratches on car Wed, 16 Nov 2011 04:59:33 +0000 http://dailyreckoning.com/?p=19389#comment-357372 As ample progress as is possible, given the presence of Wilson Betemit on my roster. I broke my keyboard after Team Nastanovich picked Braun off the waiver wire. Unless Corey Hart learns to play third base/records another hit, it wont have been worth it. As ample progress as is possible, given the presence of Wilson Betemit on my roster. I broke my keyboard after Team Nastanovich picked Braun off the waiver wire. Unless Corey Hart learns to play third base/records another hit, it wont have been worth it.

]]> By: Lost & Found http://dailyreckoning.com/son-of-a-bubble/#comment-34385 Lost & Found Sun, 25 Oct 2009 14:11:27 +0000 http://dailyreckoning.com/?p=19389#comment-34385 To be against minimum wages is an idealist's attitude. I don't see old Bill to be an idealist. So he must have an agenda. One that I definetly don't like. To be against minimum wages is an idealist’s attitude. I don’t see old Bill to be an idealist. So he must have an agenda. One that I definetly don’t like.

]]> By: phelps who cant swim http://dailyreckoning.com/son-of-a-bubble/#comment-33637 phelps who cant swim Wed, 21 Oct 2009 17:22:53 +0000 http://dailyreckoning.com/?p=19389#comment-33637 The end game of government spending is always the same, maintain political power. The cost and consequences don't matter to them. If their strategy doesn't work then blame others for it. Works everytime. The problem with government risk taking to save our economy is that they never pay the debt incurred by these risks. We might be able to save our economy by simply removing burdensome taxes and regulations and making the things we buy in our own communities instead of importing them from the other side of the world. I know, it is too simple, too protectionist and doesn't allow the corporations to make big profits off cheap third world labor. I've heard that stupid argument that "if goods don't cross borders then armies will". Its all a bunch of crap! Most wars are the product of theft and jealousy. There are always going to be people who would rather steal something than buy it or take something such as territory that produces more valuable resources, or is more beautiful than theirs. The end game of government spending is always the same, maintain political power. The cost and consequences don’t matter to them. If their strategy doesn’t work then blame others for it. Works everytime. The problem with government risk taking to save our economy is that they never pay the debt incurred by these risks. We might be able to save our economy by simply removing burdensome taxes and regulations and making the things we buy in our own communities instead of importing them from the other side of the world. I know, it is too simple, too protectionist and doesn’t allow the corporations to make big profits off cheap third world labor. I’ve heard that stupid argument that “if goods don’t cross borders then armies will”. Its all a bunch of crap! Most wars are the product of theft and jealousy. There are always going to be people who would rather steal something than buy it or take something such as territory that produces more valuable resources, or is more beautiful than theirs.

]]> By: sharonsj http://dailyreckoning.com/son-of-a-bubble/#comment-33635 sharonsj Wed, 21 Oct 2009 17:09:37 +0000 http://dailyreckoning.com/?p=19389#comment-33635 If the homeless are camping out in national forests, then things are pretty bad. On the other hand, with all those empty foreclosed houses (which is estimated to swell to 5 million), why don't the homeless just move in and refuse to leave? Maybe if some multi-millionaire tried to move into a luxury apartment and found a bunch of unhappy, smelly hobos cooking rats over a fire, we'd see some change we can believe in. If the homeless are camping out in national forests, then things are pretty bad. On the other hand, with all those empty foreclosed houses (which is estimated to swell to 5 million), why don’t the homeless just move in and refuse to leave? Maybe if some multi-millionaire tried to move into a luxury apartment and found a bunch of unhappy, smelly hobos cooking rats over a fire, we’d see some change we can believe in.

]]> By: Scott http://dailyreckoning.com/son-of-a-bubble/#comment-33630 Scott Wed, 21 Oct 2009 16:16:30 +0000 http://dailyreckoning.com/?p=19389#comment-33630 To Sierra, When I was a teenager I thought it was great that there was a minimum wage - to me it meant I was guaranteed a certain wage...if I was hired. I think the reason Bill mentions the minimum wage is because when the minimum wage is raised, employers think twice, three times about hiring someone new. The "someone news" are often teenagers looking to break into the work force. When these inexperienced new comers gain some experience under their belts, they become more productive and can command higher wages. However, if they can never gain entry into the work force due to an ARTIFICIALLY high minimum wage, then their future earnings, experience, and productivity are compromised. So now, more than ever, there needs to be openings in the labor force for our young people. A government mandated minimum wage thus bars the entrance into the labor force for many who would willingly work for less than the minimum wage. To Sierra,

When I was a teenager I thought it was great that there was a minimum wage – to me it meant I was guaranteed a certain wage…if I was hired.

I think the reason Bill mentions the minimum wage is because when the minimum wage is raised, employers think twice, three times about hiring someone new.

The “someone news” are often teenagers looking to break into the work force. When these inexperienced new comers gain some experience under their belts, they become more productive and can command higher wages.

However, if they can never gain entry into the work force due to an ARTIFICIALLY high minimum wage, then their future earnings, experience, and productivity are compromised.

So now, more than ever, there needs to be openings in the labor force for our young people. A government mandated minimum wage thus bars the entrance into the labor force for many who would willingly work for less than the minimum wage.

]]> By: Scott http://dailyreckoning.com/son-of-a-bubble/#comment-33628 Scott Wed, 21 Oct 2009 15:54:33 +0000 http://dailyreckoning.com/?p=19389#comment-33628 Dear Bill, You mentioned the "homeless grandma." I just finished a book about the Great Depression, and noted in the book were the "Hoovervilles" that sprang up, temporary shacks and shanties in places like Central Park. I got to thinking...I don't think we've seen the worst yet. If our Great Depression II worsens, grandma could end up in a 'Bamaville. Dear Bill,

You mentioned the “homeless grandma.” I just finished a book about the Great Depression, and noted in the book were the “Hoovervilles” that sprang up, temporary shacks and shanties in places like Central Park.

I got to thinking…I don’t think we’ve seen the worst yet. If our Great Depression II worsens, grandma could end up in a ‘Bamaville.

]]> By: sierra http://dailyreckoning.com/son-of-a-bubble/#comment-33626 sierra Wed, 21 Oct 2009 15:46:13 +0000 http://dailyreckoning.com/?p=19389#comment-33626 If not "rebuilding the infrastructure" of our country, putting millions to work.... What? Revolution???? I've read so much about all the savings being "saved"...where, oh where is that $500 billion going to?? Bonuses?? Trading on Wall Street?? Certainly not private, good paying jobs..... Carping on the minimum wage is bogus....you can do better than that, BB If not “rebuilding the infrastructure” of our country, putting millions to work….

What?

Revolution????

I’ve read so much about all the savings being “saved”…where, oh where is that $500 billion going to??

Bonuses??

Trading on Wall Street??

Certainly not private, good paying jobs…..

Carping on the minimum wage is bogus….you can do better than that, BB

]]> By: Ol' DB http://dailyreckoning.com/son-of-a-bubble/#comment-33598 Ol' DB Wed, 21 Oct 2009 11:48:45 +0000 http://dailyreckoning.com/?p=19389#comment-33598 "The free market is the only thing that can create worthwhile work." I have to disagree! The advanced economy relies heavily on the state risk-taking, while eventual profit is privatized, and "eventual" can be a long time, sometimes decades. There was a dramatic increase in the state role after World War II, particularly in the United States, where a good part of the advanced economy developed in this framework. So while laying concrete might not be the answer this time around, government spending and risk taking is essential for future innovative growth, more of the same will not suffice. "It’s not the fact that people are sweating on a job site that makes a society prosper; they also have to be doing things that add to their wealth. Infrastructure, like any other capital investment, makes sense only when it pays off." Both industrial democracy and political democratic forms work together without them they will lack real content. The Soviets worked not freely and intelligently but for pay a condition that is immoral. Whether you believe in global warming or not the state is leading us to believe that our wealth is our planet, reversing the post-WWII period of huge state-corporate social engineering projects that created our energy-wasting and environmentally destructive fossil fuel-based economy. The market the way it is needs to be corrected this is true and if we wanted to go back to our consumption based economy here in the US we would after a major correction. Our state doesn’t see it that way. The government is going to prop up the old economy to steer it to the new economy whether we like it or not. The Japanese taught us that the government can stagnate a recession, in the mean time the government is going to spend trillions of dollars for the people and guide us to the future. I believe that the state thinks that if Americans a half century ago had been given the choice of directing their tax money to Pentagon programs to enable their grandchildren to have computers, iPods, the Internet, and so on, or putting it into developing a livable and sustainable socioeconomic order, they might have made the latter choice. But my fellow Americans had no choice. That is standard. Just like my fellow Americans have no choice today. This is only a fragment of what is underway. It highlights the importance of short- and long-term strategies to build -- in part resurrect -- the foundations of a functioning democratic society. Concluding that the state will take risks and the free market what is left of it will know which ones work by sales and earnings and proceed with projects that make sense. “The free market is the only thing that can create worthwhile work.”
I have to disagree! The advanced economy relies heavily on the state risk-taking, while eventual profit is privatized, and “eventual” can be a long time, sometimes decades. There was a dramatic increase in the state role after World War II, particularly in the United States, where a good part of the advanced economy developed in this framework. So while laying concrete might not be the answer this time around, government spending and risk taking is essential for future innovative growth, more of the same will not suffice.
“It’s not the fact that people are sweating on a job site that makes a society prosper; they also have to be doing things that add to their wealth. Infrastructure, like any other capital investment, makes sense only when it pays off.”
Both industrial democracy and political democratic forms work together without them they will lack real content. The Soviets worked not freely and intelligently but for pay a condition that is immoral. Whether you believe in global warming or not the state is leading us to believe that our wealth is our planet, reversing the post-WWII period of huge state-corporate social engineering projects that created our energy-wasting and environmentally destructive fossil fuel-based economy.
The market the way it is needs to be corrected this is true and if we wanted to go back to our consumption based economy here in the US we would after a major correction. Our state doesn’t see it that way. The government is going to prop up the old economy to steer it to the new economy whether we like it or not. The Japanese taught us that the government can stagnate a recession, in the mean time the government is going to spend trillions of dollars for the people and guide us to the future.
I believe that the state thinks that if Americans a half century ago had been given the choice of directing their tax money to Pentagon programs to enable their grandchildren to have computers, iPods, the Internet, and so on, or putting it into developing a livable and sustainable socioeconomic order, they might have made the latter choice. But my fellow Americans had no choice. That is standard. Just like my fellow Americans have no choice today.
This is only a fragment of what is underway. It highlights the importance of short- and long-term strategies to build — in part resurrect — the foundations of a functioning democratic society. Concluding that the state will take risks and the free market what is left of it will know which ones work by sales and earnings and proceed with projects that make sense.

]]> By: craig http://dailyreckoning.com/son-of-a-bubble/#comment-33569 craig Wed, 21 Oct 2009 08:03:00 +0000 http://dailyreckoning.com/?p=19389#comment-33569 @Boomer: there's a lot of degrading infrastructure in the US: roads, water mains, electricity. If they are going to spend all that stimulus money anyway, why not at least spend it one something useful? And I'm not talking about building bridges to nowhere, I'm talking about repairing the bridges that are falling apart. @Boomer: there’s a lot of degrading infrastructure in the US: roads, water mains, electricity. If they are going to spend all that stimulus money anyway, why not at least spend it one something useful? And I’m not talking about building bridges to nowhere, I’m talking about repairing the bridges that are falling apart.

]]> By: craig http://dailyreckoning.com/son-of-a-bubble/#comment-33568 craig Wed, 21 Oct 2009 07:59:15 +0000 http://dailyreckoning.com/?p=19389#comment-33568 They say that bubbles always last longer than anyone expects. But this rally/bubble-bounce has already lasted longer than most said it would, and sooner or later it's going to find a pin, as Peter Schiff once said. BTW, why don't you post a picture of your crash flag? Would be nice to see what it looks like :) They say that bubbles always last longer than anyone expects. But this rally/bubble-bounce has already lasted longer than most said it would, and sooner or later it’s going to find a pin, as Peter Schiff once said.

BTW, why don’t you post a picture of your crash flag? Would be nice to see what it looks like :)

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