SeekingTruth

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25 Comments

    • Thu Nov 20th 22:46 PM | Rating: +1 0
      Commented on:
      Four Commonsense Clues to a Genuine Market Bottom
      To Whooper1:
      The stock market was going UP in March. April, May of 2008. Was it "predicting" a recovery? The Stock Market is a lagging indicator in many, but not all situations. The 1930's is perhaps one of the better illustrations of this. Better to watch a selection of other indicators as this very good article points out. I have many more indicators than the article listed and they have served me much better than mere stock prices alone. But if you like it --- wear it.
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    • Thu Nov 20th 12:45 PM | Rating: 0 0
      Commented on:
      Four Commonsense Clues to a Genuine Market Bottom
      To Whooper1:
      Would you please tell us what Stock Prices were "predicting" during the months of July, August, and September of 2007 ??. We should find your comments most interestng.
      View article »
    • Mon Nov 17th 13:05 PM | Rating: +1 -1
      Commented on:
      The Humility of Realism
      For many years, and esp. since 2000, there has been a large sign hanging in front of the White House and Congress:

      LICENCES TO STEAL ISSUED HERE !

      The American people must demand:

      Mr. President , TEAR DOWN THIS SIGN !

      Until this is done, all other efforts will fail, or be fatally flawed.
      View article »
    • Mon Nov 17th 12:33 PM | Rating: 0 0
      Commented on:
      The Autos and Mentality That Ruined Detroit
      In regard to the Ford Explorer, why no mention of the roll-over problem where the occupants were risking their lives on a mere two pounds of tire pressure difference ? Many other problems existed as well with other Detroit products, such as killer tires that would shred and explode at normal highway speeds, runaway curburetor and fuel system fire hazards, and a long string of other life threatening problems, not just merely "shoddy" , poor value cars.
      View article »
    • Fri Nov 14th 11:57 AM | Rating: +1 -1
      Commented on:
      Bailouts Must Be Odious
      With Paulson we have not merely let the Fox "guard" the Hen house, we have grabbed and thrown the Fox INTO the Hen house. Would it not be irrational to expect results any different than what we have been observing?
      To believe that Obama will be worse than the current administration is a stretch that I am unwilling to make, and, under the remote possibility that he could be, then there is absolutely nothing that could save us from a Greater Depression. His cabinet and staff should make things better than they otherwise would have been compared to continuing the insanity of current policies and actions.
      Americans of good will and common sense should support and assist in the recovery of our economy and institutions, but ony with fully accountable , well thought out and sensible solutions, something Paulson and the current admin. has NOT delivered.
      We must all be hypersensitve to hypocrisy, political maneuvering , and sabotage from all sources, or we will be led down the primrose lane again by the neocon's and their powerful supporters, including the national TV media.
      Bad leadership makes victims of us all! The last 8 years proves this to me beyond a shadow of a doubt. Dissenting opinions welcome.
      View article »
    • Mon Nov 10th 11:35 AM | Rating: 0 0
      Commented on:
      U.S. Economy: There Are No Problems, Only Solutions
      Splendid in every way!
      There are many neglected, abused, hungry , and needy children in this world right now, and because of the direct and indirect incompetence of some of the American people and their chosen leaders(?) during the last 8 years, there will be millions more of them very soon.
      Aggressively seek out and help needy children, and in addition, take all steps necessary to make Mr. Quinn's excellent list of ideals/goals happen in America as soon as possible! He continues to do us a great service, and I, for one, am extremely grateful.
      View article »
    • Sun Nov 9th 12:06 PM | Rating: +1 -1
      Commented on:
      Demand More for Your Auto Bailout Dollar; Oil Patch Should Bounce Back Long Term
      Generally agree with article, but may differ on some of the details.
      I don't have the full facts, but I believe that all, or most all, of the foreign auto makers that are cleaning the clocks of the domestic auto makers daily have STRONG AND VIBRANT UNIONS. I am neither anti or pro union, and I have never been in one or would want to be. I believe that the major elements of our auto/energy problems are caused by a greed motivated group of arrogant, short sighted, nepotistic, paternalistic, and totally incompetent group of auto managers, owners , and marketeers, and not primarily the unions.
      The unions do contribute their share of our auto industry problems, but I suspect that a mostly nondiscerning and short sighted general public with little or no concept of energy fundamentals are an even greater factor. Overall, I believe that no bailout funds are justified and would vote against them if given the opportunity. But if it must be done, we must demand and receive MAJOR improvements similar to that suggested by the article.
      View article »
    • Mon Nov 3rd 11:54 AM | Rating: 0 0
      Commented on:
      The Shallowest Generation
      What can we all say , but Right On Again!!
      I am not an anarchist or socialist, but I am absolutely convinced we need a new and better system badly.
      We should start with the abolishment of the Electoral College System.
      Add a better method to fund, and elect our Congressional and Presidential Candidates, and count the votes accurately!
      Eliminate the K Street Lobbying Empire.
      Add Civics and Government in greater depth in our primary and secondary schools, and then,
      require humane and fair but minimum intelligence standards and knowledge to voting rights i.e. a "driver's licence " for voting. A method must also be concurrently devised to include participation by All citizens , including those that do not meet the minimum standards, but on a graduated scale basis.
      These just for starters, and the list is long and deep in order to create a Democracy, and not a plutocratic Republic, which, by definition, is merely one half step from a true dictatorship. The current administration proved this day after day, and each cycle it comes closer to ruining us.
      Would appreciate Mr. Quinn and others joining in a massive and concerted effort to help us all define and list the governmental and political priorities to accomplish the best ideas possible to improve our sytem before it collapses into further chaos and ruin.
      View article »
    • Fri Oct 17th 18:50 PM | Rating: 0 0
      Commented on:
      Coming Soon: The $600 Trillion Derivatives Emergency Meeting
      Interesting and thought provoking article and commentary by all.
      My question is relative to the suggested banning of CDS instruments:
      Was/is the problem the outrageously unwise and profligate 40 to 1 leverage implemented in peddling them which was allowed by the discredited and criminally suspect officials and marketers, or was it the CDS instruments themselves ?
      Seems to me that the insurance instruments, if used appropriately, are basiclly not at fault.
      What am I missing?
      If this article's worst case possibility occurs, this problem appears to be bigger than we are.
      Three to five years of Emergency Funds to sustain your family's needs is not a bad idea right now, all theory aside.
      View article »
    • Wed Oct 15th 10:25 AM | Rating: 0 0
      Commented on:
      Economic Outlook: Is It Safe?
      "More" Government? Clearly No!!

      A more effective, honest, efficient, intelligent, well reasoned and wise Government serving the best interests of all Americans, a resounding YES!!
      I fail to grasp where these goals are met by the McCain, Gramm, Lugar, et al philosophy. Evidence to the contrary anyone?
      View article »
    • Mon Oct 13th 22:59 PM | Rating: 0 0
      Commented on:
      Economic Outlook: Is It Safe?
      Well yes, it is always intricate, convoluted, and mysterious, these financial machinations that create vast wealth for the devious and shady dealers that unrelentingly plague our lives generation after generation with new dubious financial inventions to peddle to the weak and gullible.
      They cleanup when they peddle them and they clean up when the chicanery eventually blows up in all our faces, when they receive vast sums for the cleanup that they themselves created. A perpetual, circular, and might I say quite reliable financial con game, not too unlike a high level ongoing Ponzi scheme against the American people at large. Meanwhile , the American people are taken to the cleaners, both going and coming
      A similar situation exists in the Nuclear power industry, both military and commercial , where ongoing cleanup operations (which can never be successful or completed of course) may well be more profitable than this extremely expensive and dangerous way to boil water, and keep the peace (?).
      All this has put our economy in extreme peril, as Mr. Quinn's excellent article so skillfully points out, and we shall be extremely fortunate to hold unemloyment below the previous 10.9% resulting from the 81-82 Recession. What actions are appropriate in this crisis are, and should be, debatable. One thing, however, should not be debatable, and that is : The guilty should not be rewarded at the expense of the innocent. This appears to be happening to the extent that I can assess current events. What do my fellow Americans think?
      View article »
    • Sat Oct 11th 22:21 PM | Rating: 0 0
      Commented on:
      Who We Should Blame for This Crisis
      To parpadk: Foolish, perhaps, but less foolish than voting for a Republican. One of the many reasons I am an Independent that default votes for some Demo's is that Republican's are the most Liberal Deficit Spenders in our nation's history compared to Demo's.
      Consider the verifiable facts that show for every dollar a Demo has raised the National Debt in the past 63 years Republican Presidents have raised the Debt by $2.84 (Approx. 3 to 1 ratio).
      Furthermore, at no time since 1945 when Republicans have been in total control of congress have they ever reduced spending, or submitted or achieved a balanced budget. Only Demo Presidents have done this. All Republican Presidents have had NEGATIVE revenue to spending ratio's during this 63 year period, and NONE have ever even "submitted" a balanced budget much less ever achieved one during this period. (See US National Debt by Steve McGourty.)
      Your suggestion, Ron Paul, is a Republican, and he could not successfully countertrend his own party. If he were a true Independent, I could possibly vote for him as he has many admirable qualities, and honest and fair ideas relative to the US Government.
      View article »
    • Fri Oct 10th 17:25 PM | Rating: 0 0
      Commented on:
      Where We Go from Here: Best and Worst Cases
      A reasonably hopeful case presented here to be sure. Some questions that popped into my head very quickly: Where has all that intellectual capital been utilized? Warfare and weapons of War comes to mind. Dubious and disastrous financial creations. Biotech products, while good, that few can afford. A truly highly creative and exploitive Lobbying creation. Marketing that has perfected the art of offering less for more money. Would that our children and grandchildren be better off than we, but I remain unconvinced by your nonetheless fine article,and one that I am better informed by reading. Thank You!
      View article »
    • Fri Oct 10th 11:20 AM | Rating: 0 0
      Commented on:
      Who We Should Blame for This Crisis
      To huskerbob: Your remarks are fair and well stated in my opinion at least, but they could represent higher praise of the Corporate TV media than they might deserve. Consider the following view of the Corporate TV media (those that like it can wear it or not, as tastes and opinions do legitimately vary):
      "A right wing tabloid Corporate TV media operating a propaganda money machine con game for the purposes of advancing their own self serving agenda (money and power- what else?) , and that of a typically well rewarded and usually favored Republican party. " For example, does this evoke the odor of a fox swimming in a media septic tank, or is it just our weak and errant imagination?
      At no time is the stated agenda more apparent than prior to elections or before major ill advised policy decisions as huskerbob so aptly pointed out to us. Temporarily their agenda may be somewhat hampered due to to the current financial meltdown and fiasco, but it shall robustly resume soon- guaranteed.
      If this view is serioulsy flawed, any and all are welcome to lay into it and describe where it is false or misleading.
      View article »
    • Fri Oct 10th 09:20 AM | Rating: 0 0
      Commented on:
      Who We Should Blame for This Crisis
      To Jan R. & Alan V. A. Jan , you're remarks are right on the money. My political modus operandi for many years has been to trust absolutely NO Republicans and only about 20% of the Demo,s with the caveat that I would become an Independent if the Demo trust number fell below 20%. I am now an Independent. Nonetheless , I will vote Demo because of no rational choices in the Independent domain. Welcome to the new era of "Rational UNexuberance" both in politics and investing. To Alan V.A. : Please consider writing an article on the state of the energy markets today, and where you think they are going. You occasionally have sharp elbows , but I have come to greatly respect and value your opinions. Overall, great work and commentary by all.
      View article »
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