tag:blogger.com,1999:blog-6616959642391988608.post8580282614587873268..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Private sector and deregulation to the rescueScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger97125tag:blogger.com,1999:blog-6616959642391988608.post-2415071601424033692020-03-22T07:47:07.684-07:002020-03-22T07:47:07.684-07:00Correction:
EPDCorrection:<br />EPDIndypasshttps://www.blogger.com/profile/00664338406728680954noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-76926222303045985622020-03-22T07:40:56.848-07:002020-03-22T07:40:56.848-07:00Mlp's may well cut their dividends, but that d...Mlp's may well cut their dividends, but that doesn't make them bad investments at their current prices. Look at the insider buying of EDP, it been steady and in size, significant size. That said, for mlp's or any common stock, it seems that the best strategy is to slowly leg in with available cash, avoiding large moves, using a disciplined approach to cash management. IMO the world Indypasshttps://www.blogger.com/profile/00664338406728680954noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-55443318542298265582020-03-18T11:54:08.317-07:002020-03-18T11:54:08.317-07:00Kinda gotta believe though here at 2300, down 30%+...Kinda gotta believe though here at 2300, down 30%+ in less than a month the market is due to stabalize and maybe even rally. Even if the market ultimately goes lower, down 45-50%, right now all the selling is based upon nothing in a way, no clarity. So pricing in worst possible outcome which it may become, but it also might ease and economy might recover quickly, hard to know and hard to price.TJShttps://www.blogger.com/profile/00963274494283455386noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-7556794413330950342020-03-18T11:35:29.132-07:002020-03-18T11:35:29.132-07:00Also, oil @20, not sure any property in the US is ...Also, oil @20, not sure any property in the US is profitable at that level and most shale is close to $50 so gotta expect that will stabilize as supply will be dropping very quickly at these prices which should at least help market confidenceTJShttps://www.blogger.com/profile/00963274494283455386noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-57824759295773673462020-03-18T11:34:04.005-07:002020-03-18T11:34:04.005-07:00This is full on panic now for sure, the pain will ...This is full on panic now for sure, the pain will likely ease, just had a feeling the trade last friday was same as 2008, way to much leverage to sustain that pop, but not this death spiral is probably going to slow as surely the deleveraging and margin calls are working through pretty quickly.<br /><br />We are left with obviously tons of uncertainty and full on economic disaster, so TJShttps://www.blogger.com/profile/00963274494283455386noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-83011337819641484522020-03-18T11:27:45.144-07:002020-03-18T11:27:45.144-07:00TJS said: "I think leg 2 down is imminent an...TJS said: "I think leg 2 down is imminent and I see sub 2000 easily, potentially down 50% 1700ish depending on circumstances."<br /><br />Astounding how quickly we are getting there. Just massive uncertainty. Wish I had something useful to share.randyhttps://www.blogger.com/profile/16368254229927808998noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-88963825224739746002020-03-18T07:23:40.552-07:002020-03-18T07:23:40.552-07:00Credit cards will also stop the spread as the equi...Credit cards will also stop the spread as the equipment used can be cleaned and the cashiers don't touch anything. As you recall China was burning contaminated cash. We don't want more cash circulating. ddhttps://www.blogger.com/profile/05372482865160613159noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-2120516154986960692020-03-18T07:07:01.698-07:002020-03-18T07:07:01.698-07:00@Rick Jones
No it's not. It's my idea. Eve...@Rick Jones<br />No it's not. It's my idea. Everyone can take credit for it if we can just get the idea to the right people. Issuing Checks is Dumb. Imagine the panicked crowds at banks and money exchanges. Credit Cards will work. Consider it a public/private parnership that can save people, the economy and capitalism!ddhttps://www.blogger.com/profile/05372482865160613159noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-19157844128296205372020-03-18T06:38:57.905-07:002020-03-18T06:38:57.905-07:00Unfortunately long rates are rising rapidly becaus...Unfortunately long rates are rising rapidly because of the amount of money they're having to throw at the problem, don't really have a choice clearlyTJShttps://www.blogger.com/profile/00963274494283455386noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-56888177580141204272020-03-18T06:34:13.732-07:002020-03-18T06:34:13.732-07:00Good Lord, they're selling T bonds along with ...Good Lord, they're selling T bonds along with stocks. This is NOT good...I thought the action yesterday was encouraging but turns out bond selling was independent of stock buying.stevehttps://www.blogger.com/profile/07387986994469835875noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-9190351041428035952020-03-18T04:09:52.242-07:002020-03-18T04:09:52.242-07:00Roy--- I won't say you are wrong.
My preferen...Roy--- I won't say you are wrong.<br /><br />My preference is for a payroll tax holiday so that we can keep people working.<br /><br />I also favor a $1,000 payment to anybody who agrees to be inoculated against coronavirus through natural infection. Even children, with parental permission. Evidently, once the population has 50% to 60% inoculation, the virus retreats. A type of reverse Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-57223997441909789262020-03-18T03:20:31.212-07:002020-03-18T03:20:31.212-07:00Yeah, "Private Sector and Deregulation To the...Yeah, "Private Sector and Deregulation To the Rescue"...<br /><br />In addition to libertarian Cliff Asness's primal scream (posted earlier), here's another libertarian screaming: "Government...please help!"<br /><br />https://www.washingtonpost.com/opinions/2020/03/17/libertarians-unlikely-pandemic-plea-subsidize-everything/<br /><br />What I like is in the comments: Rick Joneshttps://www.blogger.com/profile/07007621082678493913noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-73946082313257023362020-03-17T16:16:22.114-07:002020-03-17T16:16:22.114-07:00Yes. Happy to see 10 yr increase marginally. Hope ...Yes. Happy to see 10 yr increase marginally. Hope it sticks. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-49063553447900774252020-03-17T13:33:10.131-07:002020-03-17T13:33:10.131-07:00Germany's bond market is encouraging too.Germany's bond market is encouraging too.Grechsterhttps://www.blogger.com/profile/08898953158865778397noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-68472620699966309022020-03-17T12:52:25.495-07:002020-03-17T12:52:25.495-07:00The bond market is screaming BOTTOM! 10 year blast...The bond market is screaming BOTTOM! 10 year blasted past 1%. stevehttps://www.blogger.com/profile/07387986994469835875noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-59071196586013567652020-03-17T09:51:58.826-07:002020-03-17T09:51:58.826-07:00It's the recognition that you're doing it ...It's the recognition that you're doing it for monetary reasons and that the first four rounds of QE were not as effective as they could have been, especially with respect to the inequality question. But make no mistake, the proposal is part of the overall effort to combat deflation or disinflation.<br /><br />The desire to have 2% inflation is a very debatable point. (I'm for zero Grechsterhttps://www.blogger.com/profile/08898953158865778397noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-69476297696428909022020-03-17T09:39:46.734-07:002020-03-17T09:39:46.734-07:00The Yang Freedom Dividend. Is that different than...The Yang Freedom Dividend. Is that different than helicopter drops?randyhttps://www.blogger.com/profile/16368254229927808998noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-88995818636005933732020-03-17T09:14:58.288-07:002020-03-17T09:14:58.288-07:00Send $1000 to every social security number with th...Send $1000 to every social security number with the promise to repeat the process every six months so long as the PCE-core or, even better, the 10-year breakeven is below 2%.<br /><br />This would be simple and efficient. It would also be a small step toward narrowing the gap between the rich and the poor.<br /><br />For those of you who are instinctively opposed to this, consider the Grechsterhttps://www.blogger.com/profile/08898953158865778397noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-11601858297023076132020-03-17T07:25:03.496-07:002020-03-17T07:25:03.496-07:00Benjamin Cole,
The Dems want to support the unemp...Benjamin Cole,<br /><br />The Dems want to support the unemployed and soon to be millions of more unemployed (consumers). The payroll tax holiday is not going to help with that.<br /><br />It should be clear that every dollar that these unemployed will receive will go straight back into the real economy and support it.<br /><br />Also, you know what's going to happen if we don't take Royhttps://www.blogger.com/profile/09325498485905547125noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-77907978788726536142020-03-17T07:19:46.666-07:002020-03-17T07:19:46.666-07:00>What is needed right now is suspension of inte...>What is needed right now is suspension of interest, penalties and fees on credit cards. Suspend the payment period for sixty days too. <br /><br />I think that's a great idea. Is this in discussion anywhere that you've seen?Rick Joneshttps://www.blogger.com/profile/07007621082678493913noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-35162471223522605432020-03-17T06:47:10.964-07:002020-03-17T06:47:10.964-07:00What is needed right now is suspension of interest...What is needed right now is suspension of interest, penalties and fees on credit cards. Suspend the payment period for sixty days too. A bold move that will put money in the hands of everyday people right now. The Fed can support the credit institutions and the credit industry funnels credit to the economy. <br />Payroll tax holiday is too little too late.ddhttps://www.blogger.com/profile/05372482865160613159noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-48119175428241991372020-03-17T04:48:39.848-07:002020-03-17T04:48:39.848-07:00I'm surprised they didn't get a payroll ta...I'm surprised they didn't get a payroll tax holiday together in the first place, but supposedly both parties balked so who knows.--TJS.<br /><br />My take is the Donks only want bigger government and more welfare, and the 'Phants think only rich people deserve tax cuts.<br /><br />Then also, the Fed is happy to do helicopter drops on Wall Street but not Main Street. <br /><br />I Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-41348384616906343872020-03-17T01:03:08.528-07:002020-03-17T01:03:08.528-07:00The governments in Singapore and South Korea were ...The governments in Singapore and South Korea were in complete control of the situation -- not the private sectors -- and have done a marvelous job.<br /><br />The government in the USA has dismantled its pandemic response team in 2018 and put in place an incompetent and corrupt group of people who don't really believe in science, and so it failed miserably.<br /><br />The private sector in Royhttps://www.blogger.com/profile/09325498485905547125noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-11105654243538986792020-03-16T22:43:32.959-07:002020-03-16T22:43:32.959-07:00>I'm surprised they didn't get a payrol...>I'm surprised they didn't get a payroll tax holiday together in the first place<br /><br />The so-called payroll tax holiday has a number of flaws:<br /><br />1. It would have a huge impact on the social security fund, and risk undermining income to seniors (many of whom rely on it heavily).<br /><br />2. It would not help those who rely on tips.<br /><br />3. It would only help Rick Joneshttps://www.blogger.com/profile/07007621082678493913noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-59439105848265496982020-03-16T20:25:25.423-07:002020-03-16T20:25:25.423-07:00I'm surprised they didn't get a payroll ta...I'm surprised they didn't get a payroll tax holiday together in the first place, but supposedly both parties balked so who knows. $700B price tag seems better spent that way then most any other way the government seems to blow it inefficiently. Saying this from a neutral political position where I would think the same if it were reversed, but I wondered beforehand how much would get doneTJShttps://www.blogger.com/profile/00963274494283455386noreply@blogger.com