tag:blogger.com,1999:blog-6616959642391988608.post6814354308345079476..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Key economic indicators are mostly positiveScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger33125tag:blogger.com,1999:blog-6616959642391988608.post-68398254759645190662019-01-19T08:17:19.404-08:002019-01-19T08:17:19.404-08:00Tax revenues are at all time highs...as always aft...Tax revenues are at all time highs...as always after tax rates are cut. That's because the tax and regulation cuts just gave us the best economic growth and wage growth in a decade. <br />Average Americans haven't even filed their taxes yet to see their savings.<br /><br />The spending has gone thru the roof, which is why the deficit is growing.<br />YES, OF COURSE spending should be Johnny Bee Dawghttps://www.blogger.com/profile/06836875640973245734noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-59894583334940579932019-01-18T14:09:35.726-08:002019-01-18T14:09:35.726-08:002.5-3% GDP growth ? But we were promised 4%+ for t...2.5-3% GDP growth ? But we were promised 4%+ for the next decade in return for the tax cuts. What happened ? Remember Kansas ? <br />Let me guess - when the deficit grows the calls will be to cut spending, not rescind the tax cuts. AOC is right. System is rigged for the rich.amritsarihttps://www.blogger.com/profile/03968805404670583901noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-90196517139088582322019-01-18T14:04:49.331-08:002019-01-18T14:04:49.331-08:00JBD, et all -
If you like scary stories - read t...JBD, et all - <br /><br />If you like scary stories - read this article. <br /><br />https://www.newyorker.com/news/the-political-scene/how-alexandria-ocasio-cortezs-allies-supplanted-the-obama-generation<br /><br />The democrats are taking these foolish children seriously. I'd rather Republicans not reject climate change and inequality anxiety with scroogeish jingoism. Or Dems are the randyhttps://www.blogger.com/profile/16368254229927808998noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-42686515133702260782019-01-18T08:22:36.528-08:002019-01-18T08:22:36.528-08:00there's only one thing in the world that is pl...there's only one thing in the world that is pleasurable redundantly, and it ain't reading this blog or the groupies, tho JBG photos comes close for redundantly revolting. this post is rehashed reshash of speckle . marcusbalbushttps://www.blogger.com/profile/13596266889368486043noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-74906552097936097022019-01-18T07:21:42.850-08:002019-01-18T07:21:42.850-08:00Scott G wins Comment of the Decade award. AMENScott G wins Comment of the Decade award. AMENJohnny Bee Dawghttps://www.blogger.com/profile/06836875640973245734noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-70175343448961692712019-01-17T21:42:08.157-08:002019-01-17T21:42:08.157-08:00Scott, the idea is not to turn the keys of governm...Scott, the idea is not to turn the keys of government over to Maxine Waters and AOC but to preempt them. I agree with almost all the critical comments but am stuck with the reality of America's shifting demographics and intellectually bereft new generation. I am a physician who has served on several insurance company boards and run a medium size practice and know there are many structural Stowbrodhttps://www.blogger.com/profile/06717339233096987048noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-1261562905958738002019-01-17T10:29:39.766-08:002019-01-17T10:29:39.766-08:00My favorite is Margaret Thatcher's line that &...My favorite is Margaret Thatcher's line that "the problem with socialism is that you eventually run out of other people's money."Fredhttps://www.blogger.com/profile/16903149440854167071noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-67971519508817452412019-01-17T09:56:17.319-08:002019-01-17T09:56:17.319-08:00It's virtually impossible to imagine a collect...It's virtually impossible to imagine a collection of politicians smart enough to design a system that works better than free market capitalism. And it follows that there is virtually no way to redistribute the wealth generated by free market capitalism without disrupting that same engine of free market capitalism. And who are the luminaries currently proposing/discussing such magical fixes? Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-57595349442437254872019-01-17T05:26:50.067-08:002019-01-17T05:26:50.067-08:00Stowbrod, I don't know the answer re health ca...Stowbrod, I don't know the answer re health care but it sure as hell ISN'T universal government controlled and distributed care. Our government is pathetic as it is! About the only thing they get right is defense and it costs damn near $1T, surely we can protect our country for a fraction of this crazy amount-but I digress.<br /><br />The USA is responsible for a large share of research stevehttps://www.blogger.com/profile/07387986994469835875noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-92019130397512913982019-01-16T18:32:34.808-08:002019-01-16T18:32:34.808-08:00We don’t live the n a Democracy. The Founders did...We don’t live the n a Democracy. The Founders did all they could to prevent one. We had much better...a Constitutional Republic. That won’t survive rampant lawlessness.<br /><br />Pelosi shuts down the State of the Union address without bothering to contact DHS, Google “algorithm” rigs Congressional election while internal memos celebrate and CEO perjured self in Congressional testimony, Johnny Bee Dawghttps://www.blogger.com/profile/06836875640973245734noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-32704597782830482662019-01-16T18:26:23.208-08:002019-01-16T18:26:23.208-08:00There's no question that capitalism is the mos...There's no question that capitalism is the most efficient way to organize an economy, but the winners in our booming capitalist economy must realize that we live in a democracy as well. And if the majority of Americans perceive, justifiably or not, a widening chasm of income inequality then the wealthy may very well have their assets voted away, hence the Ocasio-Cortez and DeBlasio effect. Stowbrodhttps://www.blogger.com/profile/06717339233096987048noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-43811872389496236162019-01-16T16:10:05.920-08:002019-01-16T16:10:05.920-08:00This comment has been removed by the author.Alhttps://www.blogger.com/profile/01261213308707778791noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-33439148170459174602019-01-16T12:18:06.298-08:002019-01-16T12:18:06.298-08:00That's
www.EL2017.Blogspot.com
(I type with ...That's <br />www.EL2017.Blogspot.com<br /><br />(I type with two fingers and one elbow)The Cliff Claven of Financehttps://www.blogger.com/profile/13541954550199246606noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-42465010321324759622019-01-16T12:16:22.078-08:002019-01-16T12:16:22.078-08:00This column was unusually balanced,
especially the...This column was unusually balanced,<br />especially the first paragraph,<br />possibly because the fall in Apple share prices <br />will do that to Apple investors !<br /><br />I usually write to complain that this blog <br />is too optimistic, so I was very disappointed<br />there was nothing to comp[lain about <br />this time. (heh heh).<br /><br /><br />The economy always looks good<br /> ... The Cliff Claven of Financehttps://www.blogger.com/profile/13541954550199246606noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-91127879366758308592019-01-16T08:18:23.181-08:002019-01-16T08:18:23.181-08:00One more comment, then I'll leave it. To the ...One more comment, then I'll leave it. To the extent there are anti-competitive structural issues - tackling those is an opportunity for Republicans. We should be against anti-competitive stuff by principle. Just as important the issue can be used to demonstrate to the dis-affected, or those worried about inequality, that Republicans understand this is a critical issue for voters, and willrandyhttps://www.blogger.com/profile/16368254229927808998noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-47034772443697032722019-01-16T07:21:52.748-08:002019-01-16T07:21:52.748-08:00Well, it's Scott's blog and I usually alig...Well, it's Scott's blog and I usually align with Steve's comments. But somehow I'm failing to make the point that there are pretty obvious anti-competitive regulatory and tax policies that amount to rent seeking that is contributing to out-sized corporate profits. As evidenced in this back and forth, Republicans don't even want to discuss it. A former Cato institute randyhttps://www.blogger.com/profile/16368254229927808998noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-8706728413592579432019-01-16T06:45:57.563-08:002019-01-16T06:45:57.563-08:00Randy, completely agree with Scott on this one. Fo...Randy, completely agree with Scott on this one. For further reinforcement, read John Tamny on this subject. Any government intrusion in trying to make income more "equal" (classic left wing response to this issue) actually causes MORE discrepancy not less. <br /><br />The bottom 20% of income earners are seeing their incomes rise faster than any other quintile. African American stevehttps://www.blogger.com/profile/07387986994469835875noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-14081472214881827032019-01-16T05:23:57.317-08:002019-01-16T05:23:57.317-08:00Scott,
Yes, I'm all in on equality of opportu...Scott,<br /><br />Yes, I'm all in on equality of opportunity, not equality of outcome. To equate my comments to notions of socialism is misdirecting I think. The point I was making is that Republicans would be better off recognizing and addressing structural constraints on equality of opportunity. Not just for virtue signaling, although a little more egalitarian spirit would be a good randyhttps://www.blogger.com/profile/16368254229927808998noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-16860501127189713972019-01-16T04:45:46.747-08:002019-01-16T04:45:46.747-08:00Interesting piece from Barry Ritholtz that touches...Interesting piece from Barry Ritholtz that touches on these points:<br /><br />https://www.bloomberg.com/opinion/articles/2019-01-15/stock-pickers-know-how-to-buy-but-not-how-to-sellstevehttps://www.blogger.com/profile/07387986994469835875noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-81042195864856698202019-01-16T04:29:48.881-08:002019-01-16T04:29:48.881-08:00WM, I didn't come up with this idea. It's ...WM, I didn't come up with this idea. It's a well known fact. Certainly there will be businesses that can weather the storm better than others. KO has a 15 yr acr of about 6.3% vs about 8% for the SP500.<br /><br />If you think about it, it's damn hard to reinvent yourself every 10-20 years or so. AAPL did it by "pivoting" from computers to i products brilliantly. MSFT has stevehttps://www.blogger.com/profile/07387986994469835875noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-50517910137765726372019-01-15T21:27:29.137-08:002019-01-15T21:27:29.137-08:00Steve, would Coca Cola fit? Steve, would Coca Cola fit? WealthMonyhttps://www.blogger.com/profile/04230914888633165083noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-58403248152539946532019-01-15T18:40:11.107-08:002019-01-15T18:40:11.107-08:00Holy truck tonnage!
Apple is on mega sale. This ...Holy truck tonnage!<br /><br />Apple is on mega sale. This is a great entry point if anyone missed out.<br /><br />I bought more and added to my bushel.<br /><br />Alhttps://www.blogger.com/profile/01261213308707778791noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-23569780460925126162019-01-15T17:44:36.269-08:002019-01-15T17:44:36.269-08:00Tom: re corporate profits/GDP. I couldn't agre...Tom: re corporate profits/GDP. I couldn't agree more. As you probably know, I've been featuring that chart for many years. The market seems to think that the ratio will have to mean-revert, but that doesn't necessarily have to be the case. Globalization plays a big role in that I believe: successful US corporations can now address a much larger market, thanks to globalization, so it&#Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-37237298159980851292019-01-15T17:39:14.461-08:002019-01-15T17:39:14.461-08:00randy: Free markets can be (minimally) structured ...randy: Free markets can be (minimally) structured and regulated so as to deliver maximum profits, which in turn implies maximum efficiency of capital and maximum benefits to society via higher living standards. I wouldn't for a moment argue that this is the case here (there is room for LOTS of improvements), but surely the US economy is one of the world's most dynamic, efficient, and Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-16272960455217334132019-01-15T16:11:06.581-08:002019-01-15T16:11:06.581-08:00@Tom Nugent,
That chart with corporate profits / ...@Tom Nugent,<br /><br />That chart with corporate profits / GDP does seem to be the key one. On the one hand, how fabulous! On the other hand, it's not hard to see that directly related to inequality spread. Before getting attacked - I'm a conservative voter. Elizabeth Warren is downright scary. But I'm coming around to the notion that Republicans better start paying attention torandyhttps://www.blogger.com/profile/16368254229927808998noreply@blogger.com