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Hedge Fund Tracking: Harbinger Capital Partners (Philip Falcone), Q3 2008

September 30 was a long time ago.
Jan 08 01:38 am |Rating: 0 0 |Link to Comment |View article
The Real Rationale Behind Current Supply and Demand for Oil and Other Commodities

Trader Mark and Mark Anthony are two very different people.

On Dec 26 12:36 PM Jake2 wrote:

> As usual Trader Mark is shooting from the hip. He thinks he has
> all of the answers but unfortunately he is not even asking the right
> questions. Hey, Mark: the poles are melting, the poles are melting!
> Wake up! There is no reason for anyone to read one word of this post.
> Reader, pass by!
Dec 28 00:58 am |Rating: +1 -1 |Link to Comment |View article
Who Benefits When the Fed Floods the System with Liquidity?

There are 3 choices:
1. Raise taxes to cover expenditures.
2. Cut expenditures to fit in tax revenues.
3. Spend more than your tax revenue and borrow the difference.

Which one we as a nation have been doing, not just for years but for decades, is obvious to all. It has accelerated in recent decades:
* When Reagan took office, our national debt was $1 trillion.
* When Bush I left office 12 years later, it was $5 trillion.
* In Clinton's 8 years, it rose to $6 trillion.
* By the time Bush II leaves office, it will be at or close to $10 trillion.

An honest solution: Congress and the President decide how much to spend, and the federal income tax rates are automatically indexed up or down to produce a balanced budget (and maybe even pay back a little of that debt).
Jun 06 00:34 am |Rating: 0 0 |Link to Comment |View article

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Hedge Fund Tracking: Harbinger Capital Partners (Philip Falcone), Q3 2008

The Real Rationale Behind Current Supply and Demand for Oil and Other Commodities

Who Benefits When the Fed Floods the System with Liquidity?

Kunst is a Top 100 Commentor