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KevinD said:
http://blogs.alternet.org/speakeasy/2010/05/15/help-whats-the-cure-for-financial-insanity/
[Thumbs up smilie here] :)

Good luck!
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I was cheering the author on until he showed his naivete:

"We need to return to Eisenhower era tax rates: 91 percent on those earning over $3 million in today’s dollars. The money would roll in, and the deficit hawks would sound like parakeets."
 
Warrenlm said:
I was cheering the author on until he showed his naivete:

"We need to return to Eisenhower era tax rates: 91 percent on those earning over $3 million in today’s dollars. The money would roll in, and the deficit hawks would sound like parakeets."
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That did seem rather odd...and I don't know what lead to the Eisenhower era tax rates because I'm not a student of history but the rest of the article (opinion/editorial) was right on the money.
 
KevinD said:
That did seem rather odd...and I don't know what lead to the Eisenhower era tax rates because I'm not a student of history but the rest of the article (opinion/editorial) was right on the money.
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WWII and paying for it and all the damage.
 
Glad to see Germany banning naked short selling- This has a very dramatic effect on the market, and if it spreads throughout Europe, could prove very interesting.
There is a plethora of information out there regarding what may follow, including the facts that along with the EU issues, China my fall from grace, while self-funded Japan may be poised to fill the manufacturing void, and perhaps, maybe... with a devalued Euro, making Asia/EU an exporter before we are. I base this guess (all it is really) on the FACT that we are at a political standstill and unable to do the hard duties to G.O.S.T. and the EU will just f'in get it done. (perhaps having learned from our earlier efforts and shortcomings)

My reads of this interest and more:
A mirror of our own recent efforts:
http://finance.yahoo.com/news/Will-the-Europe-Bailout-etfguide-1865211290.html?x=0&.v=1

Ups and Downs of market regulation:
http://www.minyanville.com/business.../18/2010/id/28374?camp=syndication&from=yahoo

http://www.minyanville.com/business...alism-SEC-shorts/9/19/2008/id/19075?page=full

Britain says the same things we did about how to rebuild:
http://www.guardian.co.uk/commentisfree/2010/mar/24/budget-public-intervention-british-economy

EU gets a Tory / Liberal government:
"What they will say: The Tory mantra is a "private sector-led recovery" with policies designed to boost business. As well as their promise to reject Labour's National Insurance hike, the Tories have pledged to reduce corporation tax from 28p to 25p; cut the small companies rate to 20pc with simpler allowances; and a year's NI exemption for new businesses on the first 10 people they employ. There are also plans to create large numbers of jobs in new green industries, which will be backed by a Green Investment Bank. By contrast, Labour believes in Government-backed growth – or more officially "targeted Government action can unlock the private sector investment that brings new jobs". The idea is to use Government support to back private industry either nationally, such as a £45m R&D credit to Rolls-Royce for the development of low-carbon aircraft engines, or regionally via the Regional Development Agencies. Like the Tories, the Lib Demsare promising to cut red tape to help business thrive but their plans to equalise capital gains tax and income tax are seen as stifling."


http://www.telegraph.co.uk/news/ele...about-Britains-debt-and-what-they-should.html


Japan is a full 20% of the I-Fund, and the world's 2nd biggest economy- (I didn't know the latter) -with split up or down arguments, both of which sound valid.
http://www.nakedcapitalism.com/2010...rlds-second-biggest-economy-on-the-ropes.html


http://www.investmentu.com/2010/March/japanese-small-cap-rewards-for-contrarian-investors.html




http://www.trendsimwatching.com/201...us-preview-of-a-debt-collapse-japan-will.html




http://pragcap.com/4-reasons-why-japan-is-a-good-2010-contrarian-bet


Good power-point style layout of these articles:
http://contrarianedge.com/category/latest/


And to top it off, the Mitsubishi Economic Research Department forecast of the Japanese Economy Report for Fiscal 2010-2011. (Excellent)
http://www.murc.jp/english/publ/forecast/2010/201002.pdf
 
http://www.guardian.co.uk/business/2010/may/17/euro-four-year-low-debt-crisis

No shortage of euro bears

Howard Archer, chief European and UK economist at IHS Global Insight, is concerned that the €750bn bailout package has failed to allay fears that some European governments could default on their debts.
Portugal, Spain and Greece have all recently announced tough fiscal austerity measures in an effort to reassure investors. But as Archer points out, this could also hamper efforts to grow the European economy.
"The euro is caught between a rock and a hard place at the moment, and it is hard to see how it can extract itself from this uncomfortable position in the near term at least. Indeed, we suspect that the euro is headed down towards $1.15 over the coming weeks," Archer predicted in a research note.
But Jim O'Neill, Goldman Sachs' chief economist, takes a contrarian view and argues that the swing against the euro has now gone too far. He told Bloomberg TV that when he asked a recent gathering of 600 Goldman clients how many thought the euro would be higher in a year's time, just three raised their hands.
"That's how bearish people are. Based on my 29 years' experience of the foreign exchange markets, that means it's virtually guaranteed that the euro isn't going to go much lower," said O'Neill. He believes the euro could fall to $1.21 before rebounding.
Sterling also came under pressure today, hitting a low ofdropping to $1.4248 – its lowest point in overmore than 13 months. This followed reports that the chancellor, George Osborne, would announce that the country's deficit was even larger than previously thought. But by mid-morning it had rallied back to $1.442 after Osborne pledged immediate cuts to government spending this year.
 
http://www.ooze.com/finger/html/history.html

[FONT=Arial,Helvetica,Univers,Zurich BT]Giving someone "the finger" is one of the basest violations in modern culture, but its origins date back over 2500 years.
[/FONT][FONT=Arial,Helvetica,Univers,Zurich BT]It has been argued by anthropologists that the finger is a a variant of a classic "phallic aggressive" gesture used by primates. By jabbing a threatening phallus at your enemy like a wild animal, you aren't just belittling him, but also making him your sexual inferior. Instead of using a real penis, civilized Janes and Platos called upon the substitute wieners within their own hands to mock, threaten, and humiliate opponents.[/FONT]

[FONT=Arial,Helvetica,Univers,Zurich BT]...and even the Vice President of the United States got into the act. At a campaign stop for Senator Bob Dole in 1976, Nelson Rockefeller was heckled by protesters telling him what they thought of his Vietnam war policy by casting their middle finger votes. Never one to back down, [/FONT][FONT=Arial,Helvetica,Univers,Zurich BT]Rocky just flipped it right back.[/FONT][FONT=Arial,Helvetica,Univers,Zurich BT]

[/FONT][FONT=Arial,Helvetica,Univers,Zurich BT]...Considering the Vice-president of the USA could flip off with impunity, it is no surprise that only a few months later, an appellate court in Connecticut ruled the finger was not legally obscene, releasing it from its gilded cage.[/FONT]

[FONT=Arial,Helvetica,Univers,Zurich BT]Instead of shunning this "obscene" gesture, we must treasure its rich cultural heritage. We are living in the Golden Age of The Finger. Get used to it.[/FONT]
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no thanks -
 
During a brief stint in Oregon, yes, I did root for the Ducks -townspeople would purchase little yellow rubber duckies, put them in the Deschutes River & race them to the next bridge or two... :)
- & the Beavers - however - it wasn't at Duck U.
But only when not involved with the Huskies or the Cougars or the Loggers....

The baby was what threw a loop into `the humorous side' viewpoint...:blink:
 
I figured you for a Duck. ;) Orange and Black became my second home after wearing Brown and Gold for the first degree. Somehow I just couldn't get excited, felt like a comedown, but land-grant schools of whatever flavor always fit me better than other types of schools, regardless.

I was taught the word Birkenstock my first week on the left coast :laugh:, my old non-left coast friends that beat me there by a few months, thought it essential to get that word into my vocabulary asap to help acclimate me to leftcoast culture.
 
I loved that shirt and the indignation it implied!! Ha!
Though I must confess, I found it in like new condition at a Goodwill, of all places.
Being the generous guy I am, I gave it to a co-worker who was chased by dogs on her route, fell and was on workman's comp for 6 months (the workman's comp report said "chased by ducks").
She was kind of cantankerous and told me when she and hubby would have a spat, she'd wear that shirt to bed... -even I got that message!
She said she eventually gave it to her kid, and who knows what he did with it.
One day I looked it up and found out it was sold at the UO bookstore circa mid 1970's. Vintage!:( Oh well, it was worth the laugh, she was down & out for a long time before recovery. Had to sue to dog owners, WC was hassling and not paying her, etc, etc.

I worked in Eugene for a couple months, it's a nice town,
and I still have my tattered and well worn one and only pair of Birkies.

Was a Coug's fan for years after growing up in Wenatchee, now I wish I had the time to do couch kick back with sports, but getting the house re-assembled is the primary order of business.
Maybe this fall...
Nice to chat- thx
Craig
 
Conspiracy?

http://www.marketwatch.com/story/th...reversals-2010-06-01?siteid=rss&utm_source=tf
'Suspicious' reversals

Commentary: It only seems like an above-average number of late-day reversals

By Mark Hulbert, MarketWatch ANNANDALE, Va. (MarketWatch) -- The stock market's recent tendency to reverse itself late in the session has become a joke.
I was on a conference call with a Wall Street analyst last week on a day when the stock market had opened up strongly. "Don't get too excited." he teased. "The market no doubt will change direction in the last hour of trading and close down."
In addition to becoming a joke, this reversal tendency has also fueled a resurgence of conspiracy theories. When the stock market reverses from a big intra-day loss, for example, the blogosphere is filled with references to a secretive government group called the "Plunge Protection Team," or PPT, whose purpose is to prevent the stock market from falling too far and thereby spooking investors.
And when the stock market nevertheless reverses from an intra-day gain to close at a loss, another kind of conspiracy theory comes out of the woodwork: Big institutional investors, having missed the rally, want to get into equities at a lower price -- and therefore push the market down to accommodate their desire.
But what do the data say? Have there really been more late-day reversals recently than in other years?
To find out, I obtained from Dow Jones Indexes the hourly values of the Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed (DJIA 9,816, -115.48, -1.16%) back to late 1997 (the furthest back that they had data available). I then searched through that data set for any evidence that frequent late-day reversals are a recent phenomenon.
I searched in vain.
Consider first the number of sessions in which the Dow's direction over the last hour of the trading session is different than it was up through 3:00 PM New York time. This is certainly what happened on May 6, for example -- the day of the infamous "Flash Crash" -- when the Dow was down nearly 1,000 points 90 minutes before the close and then rallied markedly in the last hour to close down "just" 348 points


Year # of late-day reversals 1998 117 1999 115 2000 115 2001 117 2002 109 2003 108 2004 117 2005 109 2006 145 2007 121 2008 110 2009 122 2010 (annual rate based on 1st 5 months) 122

On average since 1997, the market has changed direction during the last hour of trading an average of 118 times each year. For the first five months of 2010, in contrast, these events have occurred 51 times -- equivalent to an annual rate of around 122. Given the variability in the data, the difference between the current-year rate and the longer-term average is not statistically significant.
This is our first clue that our minds are playing tricks on us when we think that there has been an abnormal number of recent late-day reversals.
As a further test, I next focused on just a more narrowly-defined group of reversal days: Sessions in which the Dow is down for the day as of 3:00 PM New York time, but ends up actually closing higher. These more thorough reversals are the kind that particularly exercise investors who are sure that the PPT is at work.



Year # of days in which Dow is down at 3 PM but closes up for the day 1998 12 1999 23 2000 13 2001 13 2002 19 2003 5 2004 15 2005 21 2006 18 2007 16 2008 21 2009 16 2010 (annual rate based on 1st 5 months) 10

Once again there is no empirical support for the suspicion that what we've experienced lately is unusual. Since 1997, there has been an average of 16 days per year in which the Dow was down one hour for the close but ended up closing higher on the session. That's higher than the annualized rate for the first five months of this year.
There are at least two important investment lessons to draw from this analysis. First, it's important always to subject our anecdotal impressions to a reality check. My wife, a clinical psychologist, tells me that the human mind is unable to truly accept randomness. When confronted with a random number series, for example, we nevertheless find a pattern in the data.
This doesn't mean that genuine patterns don't sometimes exist, I hasten to add. But it does mean that we can't use our impressionistic consciousness to detect which those might be.
The second investment lesson: Volatility is an unavoidable fact of life in the stock market. What seems like extraordinary volatility of late is actually very close to the norm.
We had better get used to it.
 
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