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A post script:
Jubak mentions nothing about the hundreds of billions of dollars accumulated by "old people" sitting in money markets and CD's earning virtually nothing thanks to Obama and Bernanke. Seniors have lost billions in income because of this. And yet, Jubak maintains they are costing more and contributing le...more
What, so now we're blaming old people for our economic problems? Jubak's statement that aging Americans cost more and produce less is simplistic and not up to his usual standards. Maybe his own advanced age is starting to affect his productivity.
Corporations are sitting on trillions in retained earnings that they...more
You typify what is wrong with liberalism today; you wish evil upon those who do not agree with your point of view; in other words you are the type the 2nd is designed to protect against.
Many of us who are strong advocates of the 2nd Amendment are so because of experience. My parents lived through what happened to ...more
Apparently they don't teach the concept of "goodwill" and its value anymore at Harvard Business School. A GE spokesperson mentioned in the story said gun financing was an "insignificant and immaterial" part of their business. And yet it has generated a significant amount of ill will towards GE. Makes you wonder who in ...more
Yeah, wonder why it Is you never hear those TV ads shilling gold when it's $400 an ounce? But at $1800, you "absolutely must own gold"! Pump and dump is right.
You can usually tell when a commodity or investment has about reached its peak; the shills come out big time. Remember the housing bubble? $50 Silver in the early 80's? And now gold. There's a sucker born every minute, they say.
When you hear the shills saying you MUST own (insert commodity), it's time to run the o...more
Compare pump prices with natural gas prices. Gasoline we ship 100 mil gallons per day offshore and the price is artificially high. Nat. gas is more regulated to our internal market and the price is dirt cheap. Those 6 out of 10 min. wage jobs have to pay $3.75/gal as a subsidy for our offshore exports. Is it fair that ...more
Sunny: Maybe the reason nat. gas is being ignored as a source is because of the uncertainty surrounding it's distribution. I would not make a decision to spend millions retrofitting vehicles or physical plants to use this commodity until the regulatory environment is worked out. Since 2006 Nat. gas has traded between $...more
I can see the point of keeping our own natural resources here at home. Everything has a cost attached to it, allowing our internal resources to be subject to an international bidding war is good for producers and big banks and helps boost exports, but often causes higher domestic prices and thus lowered consumer purcha...more
4/11/2013
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