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HomeRecommended Reading: WSJ’s The ObamaCare Writedowns
Posted by Larry Doyle on March 27th, 2010 1:56 PM |
Do you think corporations are taking charges to earnings due to the new ObamaCare because they have nothing better to do? These charges will ultimately flow through to the economy in terms of higher costs and fewer jobs for you know who.
Uncle Sam is both too stupid to understand and too much of a liar to share these realities with the American public. Remember the Obama agenda is not about wealth creation while growing the economy, it is all about one thing…..WEALTH REDISTRIBUTION!! If Obama loyalists would just come out and state that fact very plainly and clearly, I may grant them a measure of respect for being honest. (Actually, Barack did state that to Joe the Plumber back in October 2008.) (more…)
No Quarter Radio’s Sense on Cents with Larry Doyle Welcomes Rick Davis, Sunday Night at 8pm ET
Posted by Larry Doyle on March 27th, 2010 9:56 AM |
UPDATE: This episode of NQR’s Sense on Cents with Larry Doyle has concluded. You can listen to a recording of the episode in its entirety by clicking the play button on the audio player provided below. Once the audio begins, you can advance or rewind to any portion of the episode by clicking at any point along the play bar.
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If 70% of our economy is driven by the consumer, and Sense on Cents is trying to help people navigate the “economic” landscape, then prudence dictates we drill deeper into how the American consumer is doing during these challenging times.
What drives consumer behavior? How is the consumer adapting his/her personal spending habits? What triggers personal consumption? How can we source this information without being captive to the heavily massaged data provided by the government or industries with inherent bias? Well, if you are interested in learning more you have come to the right place as this Sunday evening from 8-9pm ET, No Quarter Radio’s Sense on Cents with Larry Doyle Welcomes Rick Davis.
Richard C. Davis is the founder and President of the Consumer Metrics Institute. The Consumer Metrics Institute grew out of Mr. Davis’ frustration with the lack of timeliness and poor quality of information available to individual investors about the consumer economy in the United States.
“It became clear to me that nearly all of the so-called ‘Leading Indicators’ available to individual investors were in fact no more timely or leading than last month’s account statements,” he says. (more…)
Socialized Housing Manifesto
Posted by Larry Doyle on March 26th, 2010 10:36 AM |
Thank you to our friends at 12th Street Capital for sharing a sneak peek of Uncle Sam’s release of his new “Socialized Housing Manifesto.” (Click on the image to access pdf document.)
What is the one word that Uncle Sam is clearly trying to emphasize throughout the 4-page release? Responsible. Who the hell is Uncle Sam to define who and what is responsible or not? (more…)
Personal Motivation and Charter Schools
Posted by Larry Doyle on March 25th, 2010 12:58 PM |
If we do not educate our children, we can bend over, kiss our ass, and wave our future good-bye. In fact, we are well on our way to this reality. Go ahead and point the fingers at whomever you would like for this reality, but let’s ask those in the inner cities screaming for an opportunity for a better life that ONLY comes through education.
To this end, I share with you two exceptionally well scripted letters on this topic in today’s Wall Street Journal. The letters not only address the benefits of charter schools, but the need for real change within public schools. The change that will come only when the stranglehold of the administrations and unions is unleashed. Remember, it is supposed to be about the kids. (more…)
Why Is the Euro Plummeting?
Posted by Larry Doyle on March 25th, 2010 9:38 AM |
The Euro is plummeting in value because of the ongoing fiscal problems in Greece and the recent downgrade of Portugal’s sovereign credit, correct? Well, these are the most recent developments, but the problems go much deeper than that.
Although the very nature of short term mentality in a heavily dominated short term trading environment would point to these problems within Greece and Portugal as the primary reasons for the problems with the Euro, let’s work a little harder and navigate a little deeper.
First off, we need to accept the premise that we are experiencing structural changes in the context of a secular market. Our friends in Washington and on Wall Street (as well as other global financial centers) work very hard to present our current economy and market as possessing merely cyclical risk. Don’t buy it. (more…)
Senator Richard Durbin (D-IL): “Frankly, the Banks Own Congress” and You’re Getting Screwed Again
Posted by Larry Doyle on March 24th, 2010 12:22 PM |
I wrote extensively in 2009 as to How Wall Street Bought Washington. Well, it would appear that the purchase and sales agreement between these two entities remains in place.
A recent press release highlights developments on Senator Chris Dodd’s proposed Financial Regulatory Reform along with a recent assessment by Washington insider and Illinois Senator Richard Durbin.
DEMOCRATIC FINANCIAL REFORM BILL EXITED SENATE BANKING COMMITTEE WITHOUT RESTORING KEY INVESTOR LEGAL RIGHT TO HOLD KNOWING AIDERS AND ABETTORS OF FRAUD ACCOUNTABLE (more…)
Healthcare “Right” Comes with Responsibility
Posted by Larry Doyle on March 24th, 2010 9:22 AM |
Do you hear that large sucking sound? Those are the engines of wealth redistribution humming in Washington.
Let’s stop the bulls&%#! President Obama’s healthcare reform, much like many of his other initiatives, is all about wealth redistribution. Whether that’s a good thing or a bad thing is a topic for another post, but that is how I see it. I said as much in January (“Healthcare Reform to Make You Ill”), and I will repeat today:
Ultimately, the reform as drafted is a massive redistribution program.
The New York Times addresses this redistribution this morning in writing, In Health Care Bill, Obama Attacks Inequality: >>> (more…)
