AlexS

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157 Comments

    • Decades of Negative Returns: A Long-Term Look at the Dow [view article]
      Well if we discount the FDR years (with a Democratic Congress) and we discount the Jimmy Carter years (with a Democratic Congress) and we see coming up the Barack Obama years (with a Democratic Congress) then the market has been a pretty good place for investments. Oh. Obama and a Democratic Congress. Excuse me, I have to go sell some stocks. Oct 11 05:26 PM
    • Seeking the Fix That Will Finally Work [view article]
      Banks aren't going to use new money for lending. If you're in a cash crisis now, the last thing you want to think about is how you're going to loan out cash and get it back over a 30 year house period, or a 5 year car period. If you give a troubled bank cash they'll keep it, and then they'll try to figure out some creative way for it to register to their capital base. Gresham's Law. Cash is the good money. Derivatives are the bad money. Oct 09 07:17 PM
    • Seeking the Fix That Will Finally Work [view article]
      If they give me a tax cut I promise I'll buy stocks. Just give me my share of the 700 billion. Oct 09 06:45 PM
    • Republicans Running Out of Arguments [view article]
      It wasn't just the capital gains tax, it was the income tax as well as the Social Security tax. Perhaps we could discuss how in the face of what appears to be a major recession, why raising taxes on people who provide jobs for others makes sense. As for trade, your graph shows quite a bit of fluctuation. It's clear that if clamping down on trade were policy, trade patterns would be something other than fluctuation - they wouldn't be there. Has it occurred to you that maybe the market is reacting the way it is because it's forseeing the election of a Democratic House and Senate and Obama, too? They say the market reflects what's about 9 months out. It doesn't look promising. Oct 09 04:47 PM
    • Will the Fed's Rate Cut Prove Too Late? [view article]
      If this is what it's like to avoid the recession perhaps we'd be better off trying to make sure it comes quickly. Oct 09 04:22 PM
    • The Beginning of the Endgame for Monetary Policy, Redux [view article]
      We could get Michael Milken back and ask him to sell off some of those junk bonds.

      Or we could get the Treasuries from the Social Security Trust Fund (or is it a Lock Box?). Fourth floor of the Treasury Building, in a safe behind the picture of FDR with the crown on his head. The Supreme Court has already ruled that no citizens have a right to those funds anyway so I don't expect anybody to complain.       Oct 08 04:33 PM
    • The Beginning of the Endgame for Monetary Policy, Redux [view article]
      No problem. We'll just ask the Chinese if we could have our Treasury Bills back. In return we could give them Washington D.C. and all its workforce, as long as they promise to take them out of the country. We could even throw in a couple million lawyers. We'd hardly notice, although they would. Oct 08 04:25 PM
    • It's Not You, It's the Market - Now Officially the Worst S&P Decline in History [view article]
      The economy is fundamentally strong. The only problem is the bankers, the speculators, and the lawyers. Unfortunately I've just described Congress. Oct 08 03:47 PM
    • It Is Darkest Before Dawn [view article]
      Or the new rule: governments will step in to take over the situation just when the crisis was coming to an end anyway. Oct 08 03:27 PM
    • It's Not You, It's the Market - Now Officially the Worst S&P Decline in History [view article]
      Well I feel better. Maybe. Oct 08 03:18 PM
    • Caught in a Liquidity Trap [view article]
      They're lending down the street. Not a big bank though. They're only lending one mortgage, one car loan, at a time. Oct 08 02:56 PM
    • Fannie and Freddie Did Not Cause This Crisis [view article]
      My understanding is that Freddie and Fannie were 100% government agencies until Lyndon Johnson sold them off in order to help pay for the Great Society/Vietnam War. Oct 06 06:07 PM
    • Monetary Madness: Global Margin Call Underway [view article]
      How will this play out? The way I answer it is that the U.S. currently has the dominant currency. With the U.S. owing trillions of dollars to other countries, would the U.S. prefer inflation or deflation? There's your answer. Oct 06 05:40 PM
    • Today Was a Buyer's Strike [view article]
      Why do people always blame free markets for crashes? How about, thank you Jimmy Carter for making a rule that banks have to give mortgage money to people who can't afford it? Thank you Bill Clinton for clamping down on banks attempting to get around such a stupid rule. Thank you Fannie Mae executives for taking in all those junk mortgages and reselling them so you could get your volumes and your bonuses up. Thank you Chris Dodd and Barney Frank for keeping Congress from reforming Fannie Mae. Keep on blaming those free markets. Congratulations on your assured re-election. Oct 06 04:41 PM
    • Two Exciting Brazilian Oil Stocks [view article]
      I thought BG was a British group. You know, British Gas. BG. I'm also a shareholder, although it's a little tough to get hold of the shares here in the U.S. Oct 06 04:18 PM
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