Tuesday, September 30, 2008
GREEDY FEAR TIME! hand and hand. Buckle down your hot asses readyyyyyyyyy rolling, life is rollercoaster, it is my hot seat, without these you never become seemingly disturbed beastly capitalist. Capitalist number one rule; you never ashamed about who you are, tag on your neck, “GREEDY, are you feeling of full of animal sprit? Flaunting it front of world. Greedy is virtue, the beauty of the capitalist is the greediest. Al la al life is rollercoaster - lives approximate of seizer
He is a magi of money making, lives in underground million years old city, with all salvagers ghost eerily wind. He is looking into the sky see the chart, it is time for pumping, so he is rolling his water mill day and night. Experiment, he called his lighting “hit one go – world shock horrorrrrrr- -buzzzzzz - haaaaaaa he become world seizer billion head monsters with one body – buckle down his head for the restoration this ostensibly pissed off world
Monday, September 29, 2008
Do you think really house of horror exist. I think these houses need to exorcise by themselves to get rid off their own ghosts. They can nail their own rancorous souls so that less evils but sensible. Bit of nice, not just see ugly things but bit of beautiful things. Yes I know it is impossible, we cannot just only want to live with beauty. We are all so ugly that is why our soul is bare. Well any way, hoping USA Congress pass the bill. They showed the greatness of exercising the democracy- agrees to disagree worked, but they are losing plots. Had a chance at the center stage – as bundle of attention seekers they are getting all world attention, all world waiting their mercy, cool, not often world give them sole attention, no another occasion except the “ Apollo moon landing” well plea please pass the bill. might World going to bejerk, if you don't pass the bill, you USA taxpayer much to losses then any another countries taxpayer. Hurry up!
US constitution bill of right is my right to be a president! You can tossing me around push me around hanging me around wheeling me around chewing me around but put me just the right place! She says.
Flip Flick click cash clicks a Buddha(sorry spelling mistake!) face relish gently moneyyy generously handsomely. (should be billions, meet the trend!) I am the greedy capitalist on the road of thrice of catching all the money myself,I am the cool Warren Buffet stylist, never miss the golden chance! I am a sucker of the great chance!
MBS is rubbish business!
Sunday, September 28, 2008
Probably lots ga ga female academician interest in this because of him, he knows it, that is why he post it in his blog. And will sign up, saying oily silly“ your #1 selling book, Principles of Economics the only text book I never hate, I hold it in my heart and sleep with it” and hang on every his words and hang around his speaking headless silly chickens- hoping they are all ugly, fat and smelly!
Forget dowdy furnishing your future, here is ultra-fancy authentic economic cousin. Prof Mankiw tossing your brains, for using all the crooks of Wills Street, so end of term you will know how you can get $7billlion for free –the art of gone bust and the art of steal!
...During 2007 and the first half of 2008 – exactly the time when financial markets had been spooked by oil price spikes and housing price crashes – the marginal product had been over 10 percent per year: far above the historical average.
...this will likely permit Americans to advance their living standards as they have in years past.
Great! We are going to right, everything goes my way! Thrice to know what I did some of the projects I involved in - after marginal product of capital after-tax averaged. Amazing stuff, do it again!Different ways!
Mortgage made a sticking marriage bed at a fair nailed fully haired broken hearted gifted sticky point. Heart broken, you can see this, sometime people difficult to see why entrepreneur so filthy rich. General public jealous outcry and envy about entrepreneur but anyone being an entrepreneur knows the cost of fails and success. So I say, general public fair go, most of entrepreneur go through risks when they start their own. It is bravely, so don’t condemned them too much how thick, filthy rich and selfish they are. The precise of this stinking greediness made us go out ourselves instead comfy sitting. Don’t want to put up all the crab politics, uninspiring bosses tell you what to do that make you utter sick. If I can make so much money to a company my share is bit of shitty bonus with nice lunches(I don’t eat lunch) made me the company hero - but you are never freeman you are just an ordinary salary girl. Ordinary managerial salary never ever going to big enough fill with my filthy capitalist greediness. This is my blood. So I do it myself. Hoping this nailed business back into her track again!
Saturday, September 27, 2008
Here, his sword! License to kill, anger must eat alive garnished with blood and lust!
Distorting history is an atrocity! In Korea we used to learn; Hate North Korean, it is our arch enemy must hate them never forgive them, they are across 38th parallel, nothing same but only name, they might infiltrate us at any time. And hate Japan, its people its culture ie. Our story books and text books were illustrated them as evils. You never associate with them just “Hate”. We had this fear and hate with our own kind and our neighbor because of our previous generation’s rancor. Well my grandpapa lived in Japan than. So I ashamed about where my grandpapa lives in part of country which I must hate. I never told anyone where he was but simply he was not exist. This was powerful brain washing. Until much later I lived in Japan or else where I decided that I don’t want to be part of the Korean “han” game anymore. Yes nice to know the fact not the distortion which inherited from our parents’ generation. I don’t want to burden myself to drag into that pit. If I had never left Korean I would never know the facts.
Yes, really worry if this is true market would be panic. A ship must have one captain in a storm; he is the person who has responsibility of safety of the ship. All the crew put their difference aside and abides to the captain to sail though dark stormy night.
Plea not cast not, habit of masked, outward of view down syndrome result of quick bias and severity of fate. Gee Dear Greg is busy everyone’s body ProfGreg!
Friday, September 26, 2008
If I were a member of Congress, I would sit down with Ben, privately, to get his candid view. If he thinks this is the right thing to do, I would put my
qualms aside and follow his advice.
Yesterday, in our law class, our lecture gave us comments, collective standard of our assignments as whole class. Haven’t get a result yet, it will be on the way next few days. She is an eccentric funny tough teacher who has passionate conviction of her teaching. She said to us re: incoming exam “focus, focus, focus! Don’t wonder around your mind! Just focus! I bar on your below performance!” That is what I will do until the exam, just focus, just focus, just focus! So I follow her candid steep advice put my qualms aside; stalking every words, tackling every case laws with my heart and soul to prepare to solve the exam problems! I will live like a(she said this word is useless word using in this way, but I am using in here so that I can feel what she said) monk until the exam! So help me the sky!
"...ideologically driven white-anting at worst." Gee the list of letter start from Chicago… Obama and Democrat support it and McCain and some of his Party opposite it. You have to read it in between lines. I wonder who is the another octahedron?
A nature of agreement is to agree with disagree!
I suppose Treasury could hire option pricing experts to net out the value of the warrant from the price of the package to find the net price of the MBS. But doing so would certainly add noise to the process and make it harder for Treasury's auction experts to make sure the taxpayers is getting the best price for the securities it is buying.I think what he is saying is that the Treasury need to value correctly the “warrant pricing for the market value” this would be very difficult for the financial market. How could they measure all these multi-faced time and intrinsic value for the pricing. I wonder how Warren Buffett set the price for his position in Goldman…
Warren Buffett did not need to worry about this problem. He set the price for his position in Goldman based on his expert judgment, not an auction. But Treasury needs to find a more objective mechanism for setting prices of the things it buys. Auctions are precisely that mechanism, but they would do their job less well if an equity stake in each company is part of the deal.
Thursday, September 25, 2008
Aha it is more clear the whole saga, where it was and where it is now. You need to know always different angles; so that you can scale things up what is heavy what is not. Now I agree bail out and it is necessary. I agree difference views of ivory tower and reality. Reality, we think on feet. One of the most challenge things is “making decision” without all information. I think that is come from field of experiences. Once I was asked to formulate a company strategy; re-engineering and trouble shooting in my area of expert. I had hard time put them down to words what is in my mind. All in my head, lots of things I can not explain it but just do it when you are in a “situation”. You jus know what is work what is not. Ivory towers theory is not practicable always but nice to know theory behind. End of the day I am the person who is calling the shot not the way around. So I can not afford screw things up for my own good for narrow minded judgment!
By the way, I can guess who is the "A smart friend," who knows more about this topic than he does. Only few perhaps... I think...may be the current Fed chairman?...
"Yet the value of many of these assets will likely be higher than their current price"
Warren Buffett spent $billons, I thought it is good idea to buy. I like Buffett style investment. Always buy stock when it is bottom price.
Wednesday, September 24, 2008
Life is all about chance, I would do same thing. if I were her position. If Alan want to be the Prim minister of Australia, I would do the same. You can not take money in your grave! Running your man behind is not bad idea. I am not sure Alan let me do that but, you can always get what you want in away. I think any woman can do that if they want. If a man loves woman they do everything! Men are actually silly sometime when they are in love someone as most women knows how to control their man. It can be very powerful being a first lady for the biggest economy; you are actually running him of course. But all the fusses, politics, media attentions waving hands, living a crystal cage I am not sure I like. I like my little village I can paint; reading and writing poetry, grow my orchids, I can swimming real sea the beautiful sea! Who knows I might run a small village bank…. Like a guy from Bangladesh. Or planting more grape plant for bottling…
Actually, the other day my lecture told us that when people have plenty we can be generous lots of ways, I agree if you don’t have you can not be generous and can be vengeful. Mandela is an exceptional man of course!
Example, I am a KoreanAustralian, in my view terms of Korean nastiest is far superior. We all Korean learn“han”* from the cradle. Never forgive or forget the revenge someone nasty to you and never forget your indebt of someone kind to you. Kind of born into inferiority complex so endlessly try to achieve something. That shows you how inferior you are. Australian born into “lucky country” never sense of the vengeance and never had this inferior or superior thing. Probably that “han” made where Korean is now but I don’t agree some of these nasty attribute of Korean. Where am I belonging in this regard? Probably I am both. Am I inferior? Am I superior? Do I have any complex? O YES I HAVE INDEED? But I am not going to tell you that I might screw up my chance become not in complex.
*Although I disagree with the author’s own religion point of view of ‘han”. But I think it is pretty close what it is. I couldn’t find any another one.
"...What's a little weird, however, is that this rouge trader is not only selling Obama contracts and buying McCain contracts .... they also seem to be buying Hillary Clinton contracts:..."
Anthing might happens ...
Interesting to see what his opinions are re: this gangland fiascos, I think he might agree and not agree , but wait and see…
Nice to see the discussion again- Wow he speaks fast then me that is why I missed a lot, much better understand what went! great discussion all the audience!
Song of debts trodden Banks to the Uncle Sam: You are my sunshine you are my moonlight you are my field of gold, you remember old golden days, that will come to us again, I think of you all the time, in every minutes, even I dream of you, O you are my dashing White Knight, riding a white horse with $billions, come to rescue me from this cold frost. Will you be my White Knight? Will you be my White Knight? I will do anything what you ask me to do I will kiss you mouth…
Anything regarding exams an optional is good, compulsory… I used to hate exams any exams but now difference story, depended how looking at things difference ways open more views ie. Hoping someday no exams at all
Straight into the heat - Must be deadly desperate!!
Resuscitation his beloved macroeconomic mouth and mouth. Finding ugly bodily structure and reconstruction here and there!
Major surgery, probably accommodating current gangland fiascos! Hoping pins, scissors staplers screws are not left inside before sewing!
Tuesday, September 23, 2008
This is my guessing about general American feeling:
We want our hero represents us a great revenge, to kill whoever misusing our tax, fatting up all the greedy capitalist arhsoles bitches. I don’t want to know a nice papa’s teaching economic games!
The below is my interpretation of the heros fire fire, greatly restraints their fire. Or what they really like to let them loss, as they are all toooooooo polite to shot their nasty words off rail roads. I am guessing their hopping pumping that is all – bit loosen up! I dare say! Like when you are really hot encountering, – not asking polity your whoever “ may I please please make love to youu ….that kills off passion ……” or just get on heat… fire in your eyes burning, millions scented blooms, molten rave in your blood stream that consuming your breathing -- that is I am talking I don’t know what I am talking but talking! As --- here I go OK
Licensed to kill, cool 007 work on their sleek computer screens in their steamy thinking heads, ready to killllll…... Dr grill or yes, or dr sizzle yes no, the freedom who love me so much or hate me or hare me to do this mission. Uncle Sam is my Uncle Sam therefore I have my exclusive right go after him, hunker down and gun pointed his head and kill him off my gingery pissed off words, banks, after their steamy hot encountering and begotten little octahedrons who feed with another multi-ethic exoreic dishes, they will be evil souls of a self-cannibalized or self mutilation pricks. If Uncle Sam really serve savory anger fillet $billion dishes( which is my tax in it) to the ungrateful greedy capitalist bastardy arsholes, I can do whatever I want to do, put my great karaoke lyrical gun and barbecued them with anger disgust in my screen and toss them off in any media, whoever interest to share my angeryyyy elation and swell them chew them whatever they want. If anyone need anger management do the same don’t blame anyone any but blame yourself !!!
From the man of pissed off words with a great streamed up head
Monday, September 22, 2008
Everyone have sense of entitlement of basing heads over whoever doing the sweating. Foul mouthed bullet endlessly triggered to Uncle Sam. They serve with their hearty starched bubbles with fierce wheelie bounding. Well oiled the democracy is really working. Gold rimmed spectacles with firefly eyes popping views. Nice to know Uncle Sam cares about everyone; internality and externality. His vast indomitable octopus legs are seizing every chocking points. Until now I didn’t know where my standing was, been through this I think I firmly declare that I am a greedy capitalist and belong the freeman club: everyone comes and goes as they please. Bind no one but only one-self, self important. Freedom, Hummh, it means everything the whole thing. When people have it as their birth right they don’t appreciate it very much what they have, instead they are nagging about what they don’t have…. Or yelling their inconvenience of having too much or beat their freedom to death with vengeance. Heavy burden of being Big Uncle Sam - Title goes with the responsibility. My Uncles used gave me lots of pocket money. I brought lots of story books. Among Uncle Tom's Cabin too. Well you might ask what is get to do with Uncle Tom all of these? I don’t know I am just thinking that is all… and nice to know his still has interest in this crazy deep-fried frenzy freeman show. As the hot whore market is trading her passion whirly whirly… nelly belly billy ally
Sunday, September 21, 2008
Yes, they are beautifully written from a beautiful mind. Lots of wonders!! The Number One Bestselling Economics Books
Sounds like he bit tired of all this fiasco, but we always hoping good days come soon too, that is why life is exhilarating! He would probably gets lots female fan mails as he knows what makes their minds tick, that is why person( I think a female, if weren't probably a gay!) painted his Portrait, in ASCII I think she is a silly, saying that she forget to show him… blur blur… what a ridicules thing to say...
Saturday, September 20, 2008
"Sec. 3. Considerations.
In exercising the authorities granted in this Act,
the Secretary shall take into consideration means for—
(1) providing stability or preventing disruption to the financial markets or banking system; and
(2) protecting the taxpayer."
This is where his immense power embedded, especially (2), it is opens ends. You can interpret the (2) in many ways. Since USA the biggest economy, this impact on their internal external assets and as well as the world economy. The rescue $700,000,000,000 how and which way? When can people see the result ie. His term only 2 years.The result ( good or bad) will come many years later perhaps, or immediate term, world stock markets responds like a crazy whore’s hot one nightstand.
Update: From Naked Capitalism
"But here is the truly offensive section of an overreaching piece of legislation:
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."
" Nouriel Roubini does not think it passes the smell test:
`He's asking for a huge amount of power,'' said Nouriel Roubini, an economist at New York University. ``He's saying, `Trust me, I'm going to do it right if you give me absolute control.' This is not a monarchy.''
To Whoever it may concern,
"Wow! You are in deep shit! Your 500 billion should clear in three business days. When you have another claim, call back. Thank you for using, and I am in your service!"
Doing devil work, hummh...
"...CEA Chairman Mankiw cautions Congress to "not take [the financial market's] strength for granted." Again, the call from the Administration was to reduce this risk by "ensuring that the housing GSEs are overseen by an effective regulator." (N. Gregory Mankiw, Op-Ed, "Keeping Fannie And Freddie's House In Order," Financial Times, 2/24/04)." Keeping Fannie And Freddie's House In Order," Financial Times, 2/24/04
Thoughts on the GSE Takeover
Friday, September 19, 2008
Yes, the fountain line of Paulson's as :
“…the Paulson solution is that it taxes the many and benefits the few. Since the many (we, the taxpayers) are dispersed, we cannot put up a good fight in Capitol Hill; while the financial industry is well represented at all the levels. …Just as it is difficult to find a doctor willing to testify against another doctor in a malpractice suit, no matter how egregious the case, finance experts in both political parties are too friendly to the industry they study and work in…”
Saving Capitalism from Capitalists
Although it appear that it is unfair to taxpayers, but this occasion, I agree what he is doing, if not, the economy going to really blow up and the whole market suffer, then chain reaction to the whole world economy. Without this intervention we might face on the great depression again!
Amazing, American have to beware Obama hidden agenda. “ Yes you can’t Yes You can’t Yes You can’t…” Ad says “ traffic raise, stop outsourcing” And give them “ increasing funding for training” amazing yes you can’t. If I were American you have to very worry this kind shitty of promise. I think Obama only promise how to spending, ofcourse I understand because of the votes but why this kind of promise, surly he knows the result of this kind of promise would be fatal for his country economy. but then his expensive consulting team calculated the cost of funding much less then losing his election. Where money come from “funding” the empty coffer can not fulfill full promise then only remain empty promises.
I have a virus software, had a problems so I made a phone call for their warranty services, the warranty services company was located at India. It must have been odd hours for them. I had decent chat while he went thought my computer to try figure out what was wrong. He said that the company operating services 24 hours. The company is dealing with all English speaking courtiers at Pacific Rim. I wonder, the American software company if they keep this warranty services in its home, they have to face the following:
Low quality workers with expensive to do the jobs
Services would be not so good
Increase cost of operation; economy cost
The software will be very expensive
Company is lose its competitiveness- lose market share
The company would not be profitableSo
Uncle Sam has no tax revenue
So company shut down
Economy is going to a banana republic
I think, managing a country and a company same thing in a way; both revenue and cut the spending must go to hand and hand.
Ahaaaaaaaaaaaaaaaaaaa I saw it I saw it before he changed it.... hehehe
Probably few people sent email saying” Greg you can not using that Shitty word for doing your devil work for the purest world – there is not many people crazy as you are or you can not pollute the purest world!” that is why he changed the fountain!!
It is such enlighten to see wisdom goes everywhere. I agree less intervened by governments as I have personal allergy for public servant…
Thursday, September 18, 2008
When we can see the solution and doing dirty work, we have lots people against; with many reasons; egos, envy and politics ie – you can not get all the agreement for doing good jobs. You have to do when you see things to fit, even if you don’t get all the people agreement. Reality is you can not make everyone happy to be a good human or doing good job. That is my experience. Sometimes you have to have tick skin. End of the day a glass of wine will help you…
“...have set a dangerous and unmistakable precedent" for the federal government.
"Federal investment in such large amounts of private ompany stock has the
appearance of a socialist and not a free-market approach to managing our
I agree this, but my comments the above are in general problems solving in any situation. My believed that when problems solving you have to think on feet. Often you don’t have time to contemplating and gathering all the facts first makes a best decision. Since often facts are hidden or unknown. Well I suppose managing few hundred people and managing the world biggest economy is difference story!
Bear Stearns was bailed out for two reasons. One was that the Fed had very
imperfect information about what was going on at Bear.
…Bear’s counterparties in many transactions were not prepared for the sudden demise of Bear. A Bear bankruptcy might have triggered a wave of forced selling of
collateral that Bear would have given its counterparties. Given the potential
chaos that would have resulted from Bear Stearns filing for bankruptcy, the Fed
had little choice but to engineer a rescue.
It says, no news is a good news, and teach them lesson.
But we have to ask a question whether the current inflaiton is correcte or not. The CPI measurement; “typical’ basket of product CPI is often does not match to actual product people buy them from the market.
The answers are:
Yes, really depended how much French people go to picnic and having baby; using hamper; when you inherited ancient picnic set, handling the set is more time consuming and costly; the power usage of dishwasher, detergence cost, hand wash and polishing them. We only use it about 4 or 5 times a year. Buying plastic much cheaper, I think, I don’t know what is the cost of plastic things are.
Disposable diapers, I don’t know what is cost of disposal diapers but I can guess; the washing cost of cotton; chemical and power costs of washing and drying and labor also.
Picnic hamper vs plastic set : cost= x+y+z
Disposable diapers vs cotton diapers: cost = x+y+z
Then we can see then whether they have externality, but benefit of this case is you can teach people awareness of clean environment from the cradled.
Alan Blinder and Harrison Hong of their blind factory on the Financial Crisis.
Listen carefully, fundamentals is sucked into housing market.
Wednesday, September 17, 2008
"Globalization is paying off for the United States just when we need it. Our traditional strategy of helping other countries, especially in the developing world, strengthen their economies is redounding to our major benefit. Our continuing effort to correct the huge trade and currency imbalances is paying large dividends. The trade liberalization of the past 50 years remains incomplete but has opened markets that our firms and workers can exploit. Efforts to derail the integration of the world economy in the face of current developments would be contrary to U.S. national interests. We should be making new compacts to reduce barriers as rapidly as possible rather than fearing to implement those already negotiated, such as the free-trade agreements with Colombia and Korea that are languishing in Congress."
Bush before his key to on the white stone
People watch his departure
They all fallen dark brown levees on the ground
People make money while they hate or aguish
Wonder Bush is the sweetheart of 52%
By far people giggling their fat wallet
Chatting start another time
They covered their eyes to see
"Gregory Mankiw is a professor at Harvard University and a world-renowned economist."
Here he is right after Sun
See the world see the green field
How everything thought as we had thought
Gasoline tax accumulates mind of nutters
The Sample, Warning: Hot Gigolos Malice
"Nationally, most economists are male, and I'm told that most are registered as either Democrats or independents. Our sample reflects that imbalance:
48 percent -- Democrats
17 percent -- Republicans
27 percent -- Independents
3 percent -- Libertarian
5 percent -- Other or not registered
Eighty-six percent of our economists are male, and 65 percent work in the field of academia or education. The rest are spread across various industries or not working."
In my point of view even if the sample is unbiased, most of Obama’s spending, McCain’s strong points are revenue or saving. I think he is nasty in here!
Tuesday, September 16, 2008
Uncle Sam Logoff his Bailouts
Finally Ucle Sam mogoff his generosity, probably he tired of his blustering money-mongers. Why people so happy about because some kind of satisfaction because of so huge spectacular spectacle blustery. I think only American can do that with cool Yankee style the western cowboy, like Client Eastwood “ make my day”…. He must be very busy with his talking, you can imagine this is all of his ally, all of his friends some of them gone burst some of them so bibulous…life is so exciting, why are we so happy about other people misfortune? I don’t know why but I am just so hellebores read all this juicy stuff…. As long as not mind that is OK, this is my attitude!
Monday, September 15, 2008
"A New Beginning"
His New Beginning!
Nothing ever great without its beginning
Without beginning without deepest the most of within us
Purpose of the blooms; fragrance of our knowing
His sagacious thought, passion and feeling his words are at the altar
I think he is going to talking about all the Walls Street blast today. Few hours introductory is probably not enough. That is why he is so excited about his new beginning because he has lots of talking about all about racketeering, he would know everything. I think he even dreams about economic. Probably lots of his friends gone bust, doing American style just huge scales that is why they have big mouths and huge breasts etc…
I think he even like this blast, because of excitement, without this blast life would be very boring. One of their duty was gone bust with a style...
It is about time his lecture begin, his is so excited about his ingenious thinking about Wall Street burst, he even manage his mind off the track...happy day ...it is my time to go to bed... What was the tipping point! -Walls Street Blast
Sunday, September 14, 2008
The most hilarious fact I learned yesterday:
Democratic vice presidential nominee Sen. Joe Biden released 10 years of tax returns Friday...The Bidens' joint gross income hovered between $215,000 and $320,000 a year during this period...The amount they gave to charity during this period never exceeded one-half of 1% of their annual income. The Bidens never gave more than $995 to charity in any of the tax years, and usually gave much less.(Source)
Compare Biden's behavior to that of a typical American:
The IRS reports that those who itemize deductions on their income tax returns have claimed, since 1975, that between 1.6 percent and 2.16 percent of their income went to charitable concerns. (Source)
This contrast is an example of a broader phenomenon:
conservatives who practice religion, live in traditional nuclear families and reject the notion that the government should engage in income redistribution are the most generous Americans, by any measure. Conversely, secular liberals who believe fervently in government entitlement programs give far less to charity. They want everyone's tax dollars to support charitable causes and are reluctant to write checks to those causes. (Source)
Cool, he is just a charlatan that is all! Why would he matches his altruism a typical of those with his political view? I can understand his uncaring completely! Because this man has run for presidency more than once, that does mean he must has moral obligation for others and running presidency all about pretending not about cardinal virtue at all. Who said that because this he has to have greater than –average personal motivation for caring and giving. Therefore chose not chip in.
Update: TaxProf provides a nice cool table summarizing Biden's tax history - View of Action - speaks loudly his restrained action!
Inequality vs Injustice
"...greater outrage is directed at highly paid CEOs than at highly paid athletes. People sense that athletes earn their high income by being highly talented, whereas they feel (correctly or not) that CEOs are paid a lot because they have manipulated the system."
Saturday, September 13, 2008
"A price ceiling set below the free-market price has several effects. Suppliers find they can no longer charge what they had been charging for their products. As a result, some suppliers drop out of the market. This represents a reduction in the quantity supplied. Meanwhile, demanders find that they can now buy the same product at a lower price. As a result quantity demanded increases.
As a result of these two actions, quantity demanded exceeds quantity supplied and a shortage emerges. This leads to various forms of non-price competition."Read more here- Price Ceiling
Free Market for the Kidney
Such a market would lead to an efficient allocation of resources, but critics of this plan worry about fairness. A market for organs, they argue, would benefit the rich at the expense of the poor because organs would then be allocated to those most willing and able to pay. But you can also question the fairness of the current system. Now, most of us walk around with an extra organ that we don't really need, while some of our fellow citizens are dying to get one. Is that fair?
And here too- The Kidney Shortage - Price Ceiling
Each one of us, in brief, has a multiple economic personality. Each one of us is producer, taxpayer, consumer. The policies he advocates depend upon the particular aspect under which he thinks of himself at the moment. For he is sometimes Dr. Jekyll and sometimes Mr. Hyde. As a producer he wants inflation (thinking chiefly of his own services or product); as a consumer he wants price ceilings (thinking chiefly of what he has to pay for the products of others). As a consumer he may advocate or acquiesce in subsidies; as a taxpayer he will resent paying them. Each person is likely to think that he can so manage the political forces that he can benefit from a rise for his own product (while his raw material costs are legally held down) and at the same time benefit as a consumer from price control. But the overwhelming majority will be deceiving themselves. For not only must there be at least as much loss as gain from this political manipulation of prices; there must be a great deal more loss than gain, because price-fixing discourages and disrupts employment and production.."Read more - Government Price-Fixing
What Rent Control Does
The effects of rent control become worse the longer the rent control continues. New housing is not built because there is no incentive to build it. With the increase in building costs (commonly as a result of inflation), the old level of rents will not yield a profit. If, as often happens, the government finally recognizes this and exempts new housing from rent control, there is still not an incentive to as much new building as if older buildings were also free of rent control. Depending on the extent of money depreciation since old rents were legally frozen, rents for new housing might be ten or twenty times as high as rent in equivalent space in the old. (This actually happened in France after World War II, for example.) Under such conditions existing tenants in old buildings are indisposed to move, no matter how much their families grow or their existing accommodations deteriorate."Read more - What Rent Control Does
Friday, September 12, 2008
McCain Is No Longer Underdog
McCain is not the case that he is no longer Underdog
If the market probability correct, McCain is now no longer underdog.
McCain market probability is no longer underdog is just a bit more than 50 percent and MaCain is no longer underdog.
Either market probability correct or McCain is no longer underdog.
The Market probability is correct if and only if McCain is no longer underdog.
Mr. McCain wants more tax cuts for the rich(R);
Mr. Obama wants tax cuts for the poor and middle class(D);
Therefore both parties are promoting inequality
Essentially all of the labor-market progress for women occurred during Republican administrations: eight years of Reagan, four years of George H.W. Bush, and six years of George W. Bush(R) ;
Carter and Bill Clinton were all Democrats, yet none of them witnessed much labor market progress for women during their administrations(D);
Therefore R is promoting equality and D is promoting inequality
So the evidence above says
R tax inequality and woman gender equality
D tax inequality and woman gender inequality
Therefore R is promoting equality and D is promoting inequality...So...Or
You need to be really silly to fix problem like this! Otherwise who is going to touch like this mess? Bit of ridiculous and arm with craziness! Blaming gaming, no worries, let them have their blaming game, make themselves dig their own grave for that game… – people don’t bite that kind silly bullet anymore, people only bite smart bullets.
Lots of hot stuff to read… awfully kind and generous! I think of Prof Friedman’s free lunch thing. It was deadly wise comment. Any way I am spending today tomorrow in here to read. No sun barking river bench read river ripples. Exams coming up so head down... When people really smart need lots of breaks because rolling their brain speed of light time – break and go… break and go I think. Either flight or drive from Massachusetts to Washington still burn lots gasoline. You can imagine what sort ideas comes up place like this… problems solving for world…humm… during cocktails, what are they talking about? Economics, probably politics too. Nice to see a Korean name there too!
Wednesday, September 10, 2008
When you see these, certainly we can not trust politicians and public servants. They all know how to spend on fortune on hiring consultants do the job for them. But they don’t know how to dirty work. They are time fillers! That is biggest problems of all. Hiring not so hard working not so smart – consultants how sticking needle to their tick brain squeezed “ the great and wizard hard working entrepreneurs” blood for taxing. Then spend on fortune on subsides farmers, buying not so poor for medicares. That is why all end up mess! Mess! “Equality" is dangerous when it gets into mind of people who wants power.
Why on earth bail it out for taxpayer money. Scoundrels pocketed by themselves and lost its plot. Amazing stuff, can get away this! If I were USA's people I am going strike, but then stakes much bigger that is…
In my view, tax is much preferred option, much easy to manage!
All the hotshots and brains – ofcourse can move the world if they want! Good for the planet!
In his probability;
McCain says he wants to make the Bush tax cuts permanent…
Obama has made such a tax hike part of his campaign promises…so
Therefore, the next president to be promised will be tax hike permanent
Tuesday, September 9, 2008
Sunday, September 7, 2008
HERE ARE FIVE WAYS A HEAVY TAX ON DIVIDENDS MESSES THINGS UP:
CONSUMPTION VS. SAVING When the tax system depresses the return on a major asset class like corporate equities, households have less incentive to save for the future. Reduced saving means less funds for capital accumulation, which in turn impedes economic growth.
HOUSING VS. BUSINESS CAPITAL Wealth invested in your own home has several tax advantages. These include the mortgage interest deduction and the absence of any tax on imputed rent (the value that homeowners earn implicitly by getting a place to live). By taxing business capital highly, the tax laws induce people to invest too much in housing and too little in businesses.
NONCORPORATE VS. CORPORATE Because noncorporate businesses like partnerships are taxed only once, they have an advantage over twice-taxed corporations. As a result, too much of the economy’s capital stock ends up in the noncorporate sector.
DEBT VS. EQUITY FINANCE Because interest payments on corporate debt are deductible for corporate income tax calculations, this capital income is taxed only once. This asymmetric treatment of debt and equity finance induces companies to issue more debt than they otherwise would, increasing leverage and the economy’s financial fragility.
RETAINED EARNINGS VS. DIVIDENDS Companies can avoid the dividend tax by retaining earnings rather than paying dividends. Excessive retained earnings, however, impede the movement of capital from older cash-generating companies to newer ones with better prospects.
Greg Mankiw's Blog: Post-Partisan Tax Policy
Saturday, September 6, 2008
Evidence say? I am gonna watching TV!
But what I am going to watch? No Carl Sagan, and no Star Wars...
…Both studies focused on children from
relatively poor families. The Perry study enrolled an intervention
group in a two-year part-day preschool education program
during ages three and four. The Abecedarian project enrolled children
in a five-year full-day day care program through age five. In
both cases, children were randomly assigned to intervention and
control conditions, and both sets of children were followed into
adolescence. In the Perry program, children in the intervention
group scored one- to two-thirds of a standard deviation higher on
achievement tests at age fourteen (the average age of students
in our Coleman sample), with an overall effect of about one-half
of a standard deviation. In the Abecedarian program, effect sizes
on achievement at age fifteen were on the order of one-third of
a standard deviation. Norming these effects for the differences
in treatment duration between the studies, the Perry program
had an impact on achievement of approximately 0.25 standard
deviations per year of intervention, and the Abecedarian program
had an impact of approximately 0.07 to 0.08 standard deviations
The most promising way to move forward in all three dimensions – coverage, cost, and long-run fiscal situation – is to replace the employer exclusion with a tax credit...
Votes goes who is best offer
Friday, September 5, 2008
A Dream Team
On a fine day, an ivory tower, St. Nicholas and Ludwig their cool grande latte from starbuck front and talking about things around traps as;
St. Nicholas: Ludwig what do you think about my tax?
Ludwig: It should be my choral fantasy with nasty nasty scores. What do you think about my human capital?
St. Nicholas: well they should be my gift of people conquers all reliance of regions become atheists sod
Great position though, crane dance, elusiveness and ability to peck vital parts of the gorilla's anatomy – from there… he he exciting….
How to rebuild Subprime Mess?
What is financial innovation?
financial innovation is financial innovation
what cost then?
In a “theory” cost can be anything nothing
A penny a dot a sky a you and me or Beethoven
Aha mess problems solved
State of your mind
Smart Taxes: An Open Invitation to Join the Pigou Club
"As judged by the standard principles of economics, however, rather than by the standards of politics, higher Pigovian taxes are not wacky but eminently sensible...." By N. Gregory Mankiw.
Just stuck into his blog for few months then you would know what is the oily tax mean.
Strive to fight, tell the world what you are, your decision based on unknown wellknown evidence, pick the pitch from here there; epoch and go over, even if you are not so sure but the best pretence will never guarantee certainty. Nice fight - Mongrels and pit-bulls terriers are territory
Thursday, September 4, 2008
Fight must go on – everyone joins the ring have a go --- hehe it is all about life on gorget! attack and parry... tax up and down...
Wednesday, September 3, 2008
I now have friends all over seven seas, I kill you softly softly, you wouldn’t even know, call me pushover I am ready to befriend anyone; explores pirates killers sharks angels harlots thieves murders nuns monks presidents ceos hotshots thou into expedition of killing.
If I ever offend you ( which I normally do) just accept as a token of endearment!
Tuesday, September 2, 2008
High gasoline price really good for all around – more more rise sky rocket high; people would be more ingenious innovative, more save more exercise less death toll on the road -- nothing but good news, probably lots jobs create for working at home so… but probably lots of sex so may be birth rates rise … bit of problem too but trade off…
Monday, September 1, 2008
He went to a airport today! Why lots of people so nice - give a way their hard work for free? We have to ask that question in our mind! Thanks sky, thanks birds... thanks thanks thanks...happy thanks