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The Motley Fool is living up to it's name...that is acting like a fool. Housing is in a speculative bubble fueled by easy credit and money creation. In the meantime, a record number of people are out of the labor force, applications for food stamps are at record highs, wages remain stagnant, and the wealth gap continue...more
If nobody pays taxes how is government funded???? If some bad guys decide to blow up a bunch of Apple Stores you can expect Apple to demand the government apprehend and prosecute those responsible. How is government supposed to pay for such things? The infrastructure that supports wireless communication is largely prov...more
Nothing gets done in Washington without outside pressure. Corporate interests are well-organized, well-funded, and highly motivated to push their agendas. Individual Americans are disorganized, fragmented, and seem often to vote against their own self interests. So it's no surprise who wins in Washington and who loses....more
The bulls are of the opinion that there are no asset bubbles. The stock market is reasonably priced and should go higher based simply on fundamentals. The housing market is healing as prices reach more "normal" levels. Unemployment is declining. And so on and so forth. They discount any potential for negative consequen...more
Some of us would like to buy a catastrophic coverage policy, but Obamacare will forbid the offering of such policies. I'm willing to pay out of pocket for exams, prescriptions, minor medical procedures, and the like. I want overage for the truly catastrophic - that which would otherwise bankrupt me. Why can't I purchas...more
Sometimes when peopke yell "Fire" there really is a fire. Sometimes when the stock market rises there are good reasons for it to rise. Tepper might be a weasel, or he could be a straight talker. Caveat Emptor.