About marcus

marcus


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In United States
Registered Mar 23, 2009

marcus's most recent comments:

  • On 19 Apr 2014 in Finally some good news, marcus said:

    CaptainShuddup says

    but if you're trying to suggest, that I'm a Republican and that is some kind of dig on me

    Right. You didn't write this silly troll post to troll those "liberals" who hate the Koch brothers, because you're a republican.

    CaptainShuddup says

    Maybe with that kind of money they can buy us a Good president.

    I guess Ted Nugent isn't a republican either.

  • On 18 Apr 2014 in It's not the fed, marcus said:

    iwog says

    The fed is primarily a psychological manipulation machine that assures people things will be okay during bad times and assures they will not allow the economy to overheat during good times.

    I think you overstate the Feds irrelevance. For one thing they are an integral cog in the complex banking machinery that gives us our money. The psychological manipulation you refer to when the fed tries to engineer "soft landings" and so on has a very real aspect to it, which is the pricing money (ST interest rates) for the big financial market players, among others.

    The argument is an interesting one. For my part I'm agnostic, but I think that you overstate the feds irrelevance almost as much as some of the
    Austrians overstate their fiat currency versus gold backed dollar arguments in the opposite direction.

    When we eventually "pay the piper" so to speak, the games the fed has played to effectively postpone this , will I think have been a major contributor to the magnitude of our problems. In a sense, they have been at the helm during the biggest global credit bubble in modern history.

    Ever notice how much people used to talk about the so called "carry trade" back when Japanese interest rates were so much lower than all the other countries. People would borrow yen to buy securities in other countries, only having to more than cover the near zero interest rates ?

    I haven't heard nearly as much about the "carry trade" in more recent years when it was US interest rates that were so very low. But wasn't the carry trade still here? How hard is it to figure out a way to earn over 1.5% on money when you are deeply capitalized with all of the modern tools and technology ?

    I just don't know Iwog. I agree with your thesis about too much capital looking to be invested, and tax rates being too low in some quarters, but I see the system as being broken in other ways as well. That is in ways that are facilitated by the Fed.

    If it can be said that we are addicted to debt in an unhealthy way, then it might also be said that the Fed (not all by itself) is an enabler.

    iwog says

    The fed didn't bail out the banks, the treasury did.

    But the Fed has propped up (maybe overstatement) the treasury in unprecedented ways in the past 6 years.

  • On 17 Apr 2014 in Rapper Cuts Off Penis then Attempts Suicide, marcus said:

    I read that an attempt to reattach his penis failed.

    Just a wild guess,...that drugs were involved. Either that or he didn't do it to himself.

    Remember Lorena Babbit ?

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