alwaysright

4 Comments

    • Buy and Hold Is Dead [view article]
      Since 1980, at least, I have been hearing and reading that "buy and hold is dead". I have bought and held Berkshire Hathaway and Cedar Fair, among others, since 1980.

      That is not to say that one should not be alert to changes in company basics or to political foolishness.       Jun 23 10:13 AM
    • Gas Tax Holiday Is Populist, But Pointless [view article]
      The article doesn't make logical or economic sense. The huge increase in the price of gasoline has yet to change the behavior of the American drivers. I don't think there is enough public transit infrastructure in this country for behaviour to change. Consequently, a tax "holiday" would not effect behavior.

      To put this in the vernacular of the economists, the demand for gasoline is inelastic.       May 01 08:43 PM
    • Between Inflation and Interest Rates, Bernanke's In Deep [view article]
      User 130076 is correct in that it started with Greenspan.

      In his speech yesterday, I noticed that President Bush touted our high level of exports. We, in fact are exporting at a very high level because our goods are cheap. The dollar has lost a tremendous amount of value.

      I have to believe that Greenspan did not do this in a vacuum. President Bush was probably in on the long range decision, seven years ago.

      We are seeing the first "stagflation"... since Carter. That it could have been prevented is obvious. That it is an unintended consequence of trying to increase exports may be true.       Apr 30 09:47 AM
    • Let's Think Long and Hard About Extending Those Bush Tax Cuts [view article]
      This article ignores the obvious. A decrease in tax rates at the macro level results in an increase in tax revenues.

      There are many factors at play. The two main problems in our economy are overspending and interest rates that are way too low.

      Credit that is too loose is another factor.

      Look at what the two aforementioned factors did to the housing industry alone. If it were not for leverage (and greed), housing would not have formed a bubble.

      The lack of development of our own natural resources, specifically oil. We are dependent on buying most of our oil supplies abroad.

      Out of control spending at the federal level is the main culprit.

      When Bush took office, the national debt was 7.5 trillion. It is now 9.8 trillion. Unfunded liabilities for Social Security and Medicare are 54.0 trillion.

      Fiscal irresponsibility by almost everyone in Washington.

      Apr 28 08:47 AM
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