tag:blogger.com,1999:blog-6616959642391988608.post1090847237422933417..comments2024-03-18T13:22:06.536-07:00Comments on Calafia Beach Pundit: The federal budget is still bleeding trillionsScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-6616959642391988608.post-32111926672034439852010-05-15T12:01:52.321-07:002010-05-15T12:01:52.321-07:00Dr. Bill, That's a hoot!!Dr. Bill, That's a hoot!!Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-56828346403579847962010-05-14T08:23:40.221-07:002010-05-14T08:23:40.221-07:00One last idea on how the US can get its expenditur...One last idea on how the US can get its expenditure line moving up again. Why not start "help yourself accounts" for all Americans. The way the "help yourself account" would work is that a debit card would be sent to each American with an invitation to take as much money out of their "help yourself account" as they need or want. The main concern I would have with McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-15015181643633071772010-05-14T08:04:01.802-07:002010-05-14T08:04:01.802-07:00Oh, I forgot -- we should also start to pay govern...Oh, I forgot -- we should also start to pay government workers more. Afterall, the more you pay someone, the more honest and effective they become. Tripling the pay of all government workers would be a good initial step in that direction. Plus, government workers should enjoy 100% of their pay for life after 8 years of service. We need to pay government workers more to ensure they perform McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-6161437912953185342010-05-14T07:56:19.884-07:002010-05-14T07:56:19.884-07:00Well, here are some ideas for the future. First, ...Well, here are some ideas for the future. First, the government could seize all qualified plan assets from savers and apply those assets to the budget deficit -- this could be justified under the guise of putting "lazy dollars" to work for America. A second measure would be to increase the inheritence tax to 100% of assets transferred. Again, these tax revenues could be used to McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-51976953532805361192010-05-14T06:00:08.491-07:002010-05-14T06:00:08.491-07:00Today is friday AM and Randall Forsyth of Barrons ...Today is friday AM and Randall Forsyth of Barrons has a good piece in Barrons Online called "We're not Greece...Yet"<br /><br />For those of you who can't access the site I suggest you keep an eye on RealClearMarkets.com - frequently his articles show up there in a day or two. <br /><br />It is a good read if you are worried about the US plunging into the same hole Europe has Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-54681385980463196892010-05-13T11:59:24.550-07:002010-05-13T11:59:24.550-07:00Scott,
This is a relatively minor issue with me. ...Scott,<br /><br />This is a relatively minor issue with me. Please do not feel like you have to hold my hand. I'm a big boy. <br /><br />I appreciate your responses. Like I said, I ran out of my medicine yesterday and need to go get some more. <br /><br />Have a great day.Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-87382900942454228742010-05-13T11:52:19.789-07:002010-05-13T11:52:19.789-07:00I am fine with the normal risks of equity investin...I am fine with the normal risks of equity investing. I have lived with it for most of my life. And MOST OF THE TIME I do believe markets do a good job of regulating themselves. All I want from my government however, is a reasonable assurance that the field is as close to level as they can reasonably make it. I just don't see them sending that message. It is one of life's unfortunate factsJohnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-19586016623173260242010-05-13T11:25:47.518-07:002010-05-13T11:25:47.518-07:00The huge price declines in some securities is perf...The huge price declines in some securities is perfectly consistent with the theory that, given the market's bearish mood going into last week, there were too many stop-loss orders and not enough buyers lined up to fill those orders. The computers were trying very hard to sell, but buyers could not react fast enough. So prices plunged. Once the market saw the plunge, the buy orders appeared, Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-78221576567341297142010-05-13T11:09:10.785-07:002010-05-13T11:09:10.785-07:00Scott,
I agree with you in principle. However the...Scott,<br /><br />I agree with you in principle. However there were many things that happened that day that simply have not happened before. For instance, PG traded from 62 to about 40 in just a few minutes. Also many ETFs experienced similar collapses. This is not ordinary volatility caused by momentary illiquidity. This is stark evidence of predatory HFT overwhelming systems not designed to Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-33060363515171386262010-05-13T10:00:22.568-07:002010-05-13T10:00:22.568-07:00I am persuaded by what I've read so far that t...I am persuaded by what I've read so far that the market meltdown last week had nothing to do with sinister forces or with computers run amuck. I think meltdowns of this sort are to be expected every now and then. The equity market is not as liquid as one would think. When a lot of people place stop-loss orders the system can become momentarily overwhelmed when prices are falling. The solutionScott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-90904329086637541362010-05-13T08:24:20.854-07:002010-05-13T08:24:20.854-07:00This is a little OT for this particular blog post ...This is a little OT for this particular blog post but it is a subject we have discussed before. <br /><br />It is incredible that the SEC STILL has no explanation for what happened in last week's two hour price meltdown. IMO it is just flat out negligent to allow these hedge funds to keep these computers running when we don't know what happened. Investors did not panic...the computers Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-48130033086572233062010-05-12T18:10:56.618-07:002010-05-12T18:10:56.618-07:00I believe it was yesterday but there was a 'cl...I believe it was yesterday but there was a 'closed door' meeting between Fed Chairman Bernanke and the two ranking members of the Senate Banking Committee (Dodd-Conn. and Shelby-Ala). Now IF the truth could be known about everything that was said in that meeting I would be willing to wager some real Americn dollars AND GIVE ODDS that our budget deficit was one of the topics Chairman Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.com