tag:blogger.com,1999:blog-6616959642391988608.post5569661432456046456..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: The case for optimismScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger28125tag:blogger.com,1999:blog-6616959642391988608.post-88589307871365813372013-04-15T09:44:22.527-07:002013-04-15T09:44:22.527-07:00We don't have heaps of different pointless pay...We don't have heaps of different pointless payroll <a href="http://taxbrackets2013.com/" rel="nofollow">2013 tax brackets</a>.We don't have lots of special tax breaks for special interest groups!!!. Good tax rebates for donations to charities. Company tax is 28% and hopefully lowered to 25% soon. A basic capital gains tax of a simple flat rate would be a good additionAnonymoushttps://www.blogger.com/profile/13324860687521346919noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-56458977299549821362013-03-29T23:55:32.621-07:002013-03-29T23:55:32.621-07:00Internet Marketing has nominal effect of recession...Internet Marketing has nominal effect of recession. Many people can be benefited by working from their homes online. To know how to <a href="http://www.howtoearnprofitonline.com" rel="nofollow">Make Money Online</a> you can search information on Google, there are plenty of information about it. <br /><br />Regards,<br />Johny<br /><br />Johny Depphttps://www.blogger.com/profile/12824117818416266737noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-31603205163700845362013-03-29T08:14:30.986-07:002013-03-29T08:14:30.986-07:00Thank you, Mr Grannis..
The third revision of the...Thank you, Mr Grannis..<br /><br />The third revision of the GNP saw gains of only +.4% for the 4th quarter of 2012.<br /><br />This is not reassuring!<br /><br />http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm Hanshttps://www.blogger.com/profile/05183141792723754273noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-64246079203366906592013-03-27T07:56:22.623-07:002013-03-27T07:56:22.623-07:00Hans: good question. GDP growth is what results fr...Hans: good question. GDP growth is what results from all the other charts. I see enough growth in many parts of the economy to believe that overall GDP growth will be at least 2-3%. If fiscal and monetary policies improve, we could see much stronger growth.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-44187178918527979122013-03-27T06:38:22.655-07:002013-03-27T06:38:22.655-07:00Nineteen charts presented, yes 19, but not one of ...Nineteen charts presented, yes 19, but not one of GNP growth ?<br /><br />Why? Hanshttps://www.blogger.com/profile/05183141792723754273noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-59521376145629066752013-03-26T09:17:32.141-07:002013-03-26T09:17:32.141-07:00Here's Larry Kudlow for you, on September 22, ...Here's Larry Kudlow for you, on September 22, 2008. You see the S&P 500 at 1,207 points. http://www.youtube.com/watch?v=BMrqDHmDwcg<br />Gloeschihttps://www.blogger.com/profile/10705125909506053628noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-9069504028286342152013-03-26T09:02:36.054-07:002013-03-26T09:02:36.054-07:00I was serious about Argentina, since this is the o...I was serious about Argentina, since this is the only topic where Scott makes sense.<br />Why can't the government in Argentina just "print" its way into wealth nirvana? Because nobody is going to buy their debt. <br />Larry Kudlow... well, if you still watch the "consumer news and business channel" and their clowns I can't help you. But I am sure the commercials are Gloeschihttps://www.blogger.com/profile/10705125909506053628noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-88284098665590850202013-03-23T21:10:39.449-07:002013-03-23T21:10:39.449-07:00I am glad Scott Grannis admires Larry Kudlow.
Fin...I am glad Scott Grannis admires Larry Kudlow.<br /><br />Finally, the Kudlows of the world are being to "get it."<br /><br /><br />From Scott Sumner's blog---Kudlow coming onboard to Market Monetarism. <br /><br />Grannis cannot be far behind.<br /><br />Sumner spekaing: <br /><br /><br />And today in The National Review, Kudlow makes a stunning admission: Ben Bernanke might have Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-75946257234009916432013-03-23T19:25:58.959-07:002013-03-23T19:25:58.959-07:002007 is the peak of the credit bubble. Right now h...2007 is the peak of the credit bubble. Right now household debt merely goes back 2006 level. That tells you whether there has been any meaningful deleveraging.Pragmatic Investorhttps://www.blogger.com/profile/08952759176339628535noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-54312692000778882112013-03-23T18:44:28.155-07:002013-03-23T18:44:28.155-07:00Scott: It's a race to the bottom. Some country...Scott: It's a race to the bottom. Some country will always have lower taxes than the U.S. to incentivise corporations to park their cash. <br /><br />If corporations don't want to pay U.S. taxes, they should not qualify for any U.S. government contracts.Johnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-52900894626244708562013-03-23T15:54:27.518-07:002013-03-23T15:54:27.518-07:00Pragmatic: According to the Fed's calculation ...Pragmatic: According to the Fed's calculation of household balance sheets, total debt has declined from $14.2 trillion to $13.5 trillion over the past 5 years. That's a decline of $700 billion, or 5%. Is that "barely" a decline? Perhaps it is, but it is nevertheless a decline, and probably the first such in many decades. Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-5272848607283914202013-03-23T15:44:05.731-07:002013-03-23T15:44:05.731-07:00If this author can make an incorrect statement, th...If this author can make an incorrect statement, then someone else can challenge his opinion. Was I wrong in saying household debt has barely dropped over the past 5 years? If you can't handle the truth, go somewhere else.Pragmatic Investorhttps://www.blogger.com/profile/08952759176339628535noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-69968299171164187202013-03-23T09:04:45.657-07:002013-03-23T09:04:45.657-07:00John: Re corporate profits: have you noticed that ...John: Re corporate profits: have you noticed that corporations are keeping tons of profits overseas? Not repatriating them? It's because they've already paid taxes overseas on the money and they can't bear the thought of paying 35% more. That's the proof that our tax code is a mess. Let's lower drastically the corporate tax or even eliminate it (the corporate tax effectively Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-59318691955338777692013-03-23T09:01:11.381-07:002013-03-23T09:01:11.381-07:00Bergoglio is a HUGE breath of fresh air. Bergoglio is a HUGE breath of fresh air. Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-89485778339750608832013-03-23T06:58:56.047-07:002013-03-23T06:58:56.047-07:00Scott, You made Kudlow's Saturday morning IBD ...Scott, You made Kudlow's Saturday morning IBD column "On the Right".<br /><br />I read Bernanke's book at the time he took over as Fed chairman. He was a student of the depression of the 1930's. He resolved not to repeat the mistakes that led to the 'depression within a Depression'. It was prescient/fortuitous that he was Chairman when the present events unfoldedsgt.red.blue.redhttps://www.blogger.com/profile/08132657702786638326noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-79045787563995904602013-03-23T06:58:06.730-07:002013-03-23T06:58:06.730-07:00The tacit US approach to economic recovery is to s...The tacit US approach to economic recovery is to starve Main Street in order to fund a Federal recovery -- that plan is working...McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-30947289192083925662013-03-23T06:24:27.982-07:002013-03-23T06:24:27.982-07:00Near record corporate profits - despite a crushing...Near record corporate profits - despite a crushing tax burden?<br /><br />The STATUTORY corporate rate may be highest in the world but what corporations actually pay that? A report by The Congressional Research Service shows the EFFECTIVE rate is about average compared to other OECD countries. And, the marginal rate on new investments is actually lower than average.Johnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-87088847209169434242013-03-22T22:23:36.213-07:002013-03-22T22:23:36.213-07:00@Benjamin, QE3 and QE4 are about as good as it get...@Benjamin, QE3 and QE4 are about as good as it gets -- I believe these programs are in fact working to accelerate the US economy -- on the other hand, I do not believe QE3 and QE4 were charity -- rather, I believe that QE3 and QE4 were initiated to stave off deflation along Main Street -- mall store such as J C Penny and Sears are essentially insolvent -- durable goods stores such as Best Buy areMcKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-84583410349999572692013-03-22T20:39:05.043-07:002013-03-22T20:39:05.043-07:00You have to admire such a complete wrap-up.
But t...You have to admire such a complete wrap-up.<br /><br />But there is a still a problem of weak aggregate demand. The employment to population ratio is still down 5 percent from pre-recession. <br /><br />The federal government, and the US Congress, cannot restrain runaway agency spending, or entitlements. <br /><br />But worse, we have a dithering, feeble Fed. They start QE programs, then stop. Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-71837096962278147472013-03-22T20:15:44.484-07:002013-03-22T20:15:44.484-07:00Scott, the vast majority of us appreciate your ins...Scott, the vast majority of us appreciate your insight and hard work despite the efforts of a few to criticize and belittle. Thank you for offering your insight. All leading and coincident indicators I follow are in uptrends. We are not currently at a business cycle peak, and with housing momentum on the rise the immediate future looks good.L.A.https://www.blogger.com/profile/17235323298066514444noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-88454130488483605922013-03-22T18:28:33.277-07:002013-03-22T18:28:33.277-07:00I've know Larry Kudlow for a very long time. H...I've know Larry Kudlow for a very long time. He was the one who inspired me to get into economics, way back in 1981. He tells me he checks CBP regularly. Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-88412453214123970522013-03-22T16:49:24.723-07:002013-03-22T16:49:24.723-07:00Scott, Larry Kudlow mentioned your name last night...Scott, Larry Kudlow mentioned your name last night on CNBC, and mentioned that you have turned him around on his (Larrys) views on money supply growth/velocity/inflation or lack thereof.<br /><br />Household net worth is at a new nominal high, and not real, but I am not complaining. Mine is at a new nominal as well as real high. Debt is MUCH reduced from 2007-2008.sgt.red.blue.redhttps://www.blogger.com/profile/08132657702786638326noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-65116012408778646182013-03-22T14:13:04.852-07:002013-03-22T14:13:04.852-07:00Unfortunately, real working wages, real home value...Unfortunately, real working wages, real home values, and the employment to population ratio remain depressed -- in other words, Main Street USA is in economic depression -- I'm not sure how anyone could disagree with that conclusion based on these facts...McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-5509822592117636842013-03-22T13:42:54.096-07:002013-03-22T13:42:54.096-07:00The recovery has been underway for 3.5 years and i...The recovery has been underway for 3.5 years and is quite solid. In fact the only slack left is residential construction. We are one year and half a million additional housing starts away from full recovery. Layoffs are very low and job creation equals the rate of growth in the labor force plus growth in construction employment.<br /><br />Now why are people so unhappy? Well, there is a very Charleshttps://www.blogger.com/profile/00607057013050715435noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-56640218024178351032013-03-22T13:13:17.165-07:002013-03-22T13:13:17.165-07:00Note: My comment was a response to Gloeshci, but I...Note: My comment was a response to Gloeshci, but I guess it can apply to Pragmatic Investor as well. And by the way, my household balance sheet actually does look better than it did five years ago.Brian Hhttps://www.blogger.com/profile/14869071526968957308noreply@blogger.com