Streve's barking at banking

I recently heard on the telly that banks have an exorbitant amount of money and there not lending it out.
I also heard on that very same devise that it was hard for bussines to borrow money from those same banks, because government rules make it hard to justify lending money out unless you are the most credit worthy borrower.( I guess that why Donald Trump keeps getting loans).
Now a  birdie told me (I cant recall weather the bird was an Eagle or a Sparrow) that it didn't matter what your credit worthiness's is, you would be able to borrow money from the bank if you had a relationship with it. The relationship being you played golf with an executive, or went to the same school, or even hooked the executive up with your drug dealer.
Now the people on that same contraption tell their viewers that these bank are not making money the old fashion way by lending it out to the masses but are are borrowing from the government at 0% and lending it back to the government at a greater then 0%.
What I can't figure out about  is what the bank I loan money too in the form of a checking account and savings account, does with that money if it's not lending the money it's borrowing from me. Now I know the bank is making money, because I saw the president of the bank on the Telly and he said so.


I remember the old expression if you build a better mouse trap the world will beat a path to your door. I just can't help think at the end of the day it's still a mouse trap.
I can't help but think about that as I keep hearing laurels that Steve Jobs has been getting.

Steve's barking at the galloping ghost

What ever happened to the galloping ghost?
Red Grange better Known as the galloping ghost from the the University of Illinois took a pay cut when he went from college football to the pros (as the legend would have us believe).
The old story used to be told that colleges would hire miners to play for them on saturday and they would go back to their real jobs on Monday. Were was the NCAA?
Did these things really happen?
Is the NCAA turning into big brother?
Is the NCAA good for college sports?


* Today I heard that the NCAA will allow student athletes to have a $2000 a year stipend.
   They will also allow schools to continue scholarships  to go into 5 and 6 years.
   These are steps that should have been taken years ago. Finally scholarship athletes are getting something for their services to the schoolsthey represent on the playing fields.

Steve's barking let's reduce unemployment by firing people

Now it doesn't take a genius to figure out that if you fire(lay off) people, the unemployment rate goes up, so why is the government threatening to lay off 160,000 postal workers, when it's the constitutional duty to have a post office, and if what the postal union is saying that the post office has to prepay well in the excess of what is needed for health benefits and retirement the deficit for the Post Office can easily be fixed.

Steve's barking at two sides of the inflation coin

What ever happened to the old belief that inflation is too much money chasing to few goods.
Now if logic serves me right if there is too few goods prices will go up. So if there are droughts and floods and through in competition from other countries there should be food inflation. Monetary policy would have nothing to do with it.
This is true with any commodity, if there is inability to produce to the demand then the price will go up. Ya Think. Even If the commodity is a manufactured good. Ya Know. (Manufactured commodity, what the?)
Any how getting on with what I'm trying to express in this blog, why does some many people who should know better forget that there are two parts to the inflation equation? Are they two lazy to actually think?
Any how why are we so worried about the deficit when we can always print some more money?
If you believe that printing money is inflationary, you don't don't know d*** about inflation.


*I understand that this particular blog maybe very confusing to a lot of readers.
Think this way if we don't spend money on infrastructure and stop subsidizing our farmers you will see wheelbarrow inflation that will be impossible to get out of.
** You'll need a wheelbarrow or it's electronic equivalent to buy a loaf of bread.
*** If you think that stagflation in the past was bad, you ain't seen nothing yet.
**** 50% unemployment anyone?

Steve's barking at imagine there was no American government investment

Imagine there was no government investment in NASA. Imagine no cell phones
Imagine there was no government investment in upgrading television.Imagine no HD TV.
Imagine no government investment in military airplanes. Imagine no jet planes.
Imagine no government need for computers. Imagine no personal computers, Micro Soft, Google or Face book.
Imagine no government investment on roads. Imagine cleaner air.

Steves barking at how did they get their degree

I was watching the boob tube the other day and I discover why I call television the boob tube, it's because there are so many boobs who take up time and space on the channels. You didn't think I was writing about a females anatomy were you. I'm writing about the buffoons who think they know why the economy tanked and blame it on Freddy Mac and Franny Mae. This in the face of reality. I didn't realize how much power they had over investment banks. I didn't realize they controlled Country Wide. I guess Citi and all those other big banks played follow the leader of Fanny and Freddy.
Now we come to the clowns I see on the Telly who claim that stimulus never work. I guess they never heard of Eisenhower creating the national highway system. I guess they didn't believe that president Reagan didn't up the defense budget while lowering some of people's taxes.
I still wonder wasn't a simple course in logic required for graduation from their schools. If it was, how did these fools ever graduate?

Steve's barking at help wanted in America

The United States has over 9% unemployment.
I past by my local Dunkin Donut yesterday and in the window they had a help wanted sign.
My daughter tells me that she has a hard time find people to willing to work retail because of the crazy hours.
Belmont race tracks claims that they need foreign workers because they can't find Americans to do the dirty jobs.
Skilled manufacturing jobs are not being filled.
Are these jobs not being filled because of unemployment insurance?
Are these jobs not being filled due to bad recruiting?
Or is it something else that I can't fathom?

Steve's barking at who is the dumbest Governor in the United States

Who is the dumbest governor in the United States?
My Nomination is Andrew Cuomo from what used to be the great State Of New York.
Andrew Is nominated because of the statement he made about how taxes are driving people from New York. He then proceeded to name the counties of Westchester and Nassau as the highest taxed counties in The United States. These are the very same counties that according to the 2010 census gained the most in population in New York.
This is the governor who says that he's going to reduce the budget by cracking in down on medicaid, then proceeds to layoff the most experienced staff in medicaid fraud.
He claims that he will save the state money by layoff laying staff of which some of them are 100% federally funded.
He claims that the state has to create jobs, and gives private enterprise 400 million dollars to create 2,500. this is the same amount of money he says he needs from labor concessions, so he's laying off close to 4,000 public employees for a negative job growth of 1500 because they didn't vote for the concessions he wanted.
The only people dumber then him in New York are the people who think he's doing a good job.

As of 10/16
A new vote will be taken on the take it or leave contract as of 10/16/11.
There's a good chance it will be turned down. If the governor gets his way he will still have a negative stimulus.
Who's more anti union Andrew or Scott?

Steve's barking at the last Keynesian Presidents

I gather that conservatives believe that Keynesian economics are those administration that used deficit spending to stimulate the economy.
That definition being true the last three presidents that used deficit spending are President Reagan. He cut taxes at the same time stimulated the economy by increasing the defense budget.
President Bush the second cut taxes at the same time encouraged the construction industry with cheap money for housing. ( I know that it's popular to blame the banks if your a liberal and Fanny and Freddy if your a conservative but I'll go with my gut) He also brought about a hole new agency Home Land Security with their hiring and buy equipment.
Now we come to President Obama, the first half of his administration was he was a Keynesian,the second part of his administration he's economic conservative ( any stimulus has to be paid for by cuts in other places).
To sum up that great modern conservative Ron Reagan was a Keynesian, so was President Bush the second were Keynesian. President Obama is only a lukewarm Keynesian.

Steve's barking don't go long on News Corp

News Corp is in trouble
.No I'm not writing about the hacking scandal.
News Corp is in trouble because of new technology. The new technology is known as computers.
It's not that News Corp does not understand that computer technology is the wave of the future, it's just that for some reason their attempt at using it is falling flat.
While Fox News maybe the the most watched cable news network it doesn't score very well on in the Internet.
Does anybody know the name of the online paper that News Corp launched not to long ago?
Can any one find the APS for Fox television?

Steve'sbarking at the murder of Anwar-al-Awlawki

Hm did I say murder, bad choice of a word.Killing might be a better term.
Now the question is was it justifiable homicide?
Well I keep hearing because he was an American citizen it was an illegal act, it says so in the constitution.
To see if this was true, I took out my handy dandy pocket version of the constitution.
Now it's true the fifth amendment does a ford the right of trial to an accused person.
Now how does this jive with with article 1, section 9 paragraph 2 of the constitution which deals with habeas corpus and the suspension there of .
Anwar al-Awlawki admitted on video that he was with a group who was at war with the United States.
The safety of American citizens was in doubt because of him.

Steve's barking at ows

I'm not going to pretend I know what's going on in the financial districts all over this great country, for I don't believe I know anybody who is in the group.
Well, I can guess just like every other idiot.
The throngs of people are frustrated just like every other person in this country. They want the bankers to be accountable. They perceived those who caused the mess in the economy being helped by the government. Why aren't they being helped? As of this moment I don't really see any demands (like in Egypt, that demanded Mubarak step down).
Why are they in the Wall Street Area?   My guess is that it feels good (like me writing this blog).
A group of people commiserating with other people who feel frustrated and disenfranchised. I'll also guess that every person who is down there has a slightly different perspective on the solutions to the economic problems of this nation.
They'll be their as long as they can get they can take their frustrations out by talking and walking and even occupying and this feels good.

Steve's barking at the American Fall

What's the American Fall?
It's Occupy Wall Street. The prediction of Mayor Bloomberg , when it happened seemed bewildered by it.(My prediction was first of a Occupy Wall Street movement).
I don't understand my own reaction which is a big yawn.
Maybe my problem is I keep hearing on the boob tube that Occupy Wall is the lefts version of the Tea Party movement.
The only similarities I can see there both angry, and some of their members dress up like it's Halloween.
One the Occupy Wall Street is based on the reality that things are tough out there, the other is based on the myth that the president is a communist, fascist, take what  we got kind of guy.
One has no solution their just pissed off that banks got a bail out and the average person got zilch.
The other is pissed because they believe that if you do nothing good things will happen. They also believe that what ever the President did is evil so lets reverse it.
One has no solution the other has a solution which is commit Harri Carri.

I'm going to make a prediction that I wouldn't have made last week, but there is a better then 35% chance of a civil war in this country after the next election, no matter who wins.
I just feel the anger.

Steve's barking at those who make the money create the jobs

Ho Hum another myth to tell my grandchildren. Why put an added burden on those who make the most money, after all they create the jobs? You really shouldn't make them pay more taxes, it will discourage them from creating jobs.
We definitely live in a fantasy world when so many people believe that poppy cock.
I'm trying to figure out how many jobs a hedge fund manager actually creates.
Companies pay their CEOs to bring in larger and larger profits, don't they?
Isn't it more profitable to produce manufacturing goods over seas?
So how is shipping jobs over seas creating jobs for this county? 
Jobs, Gates, and other founders of companies for this computer information age didn't start off as millionaire or did they?
High taxes would have discouraged them?
I remember being taught in my economics class about the law of diminishing returns. We aren't close when it comes to taxing the wealthier individuals in society. 
Ho Hum.

Steve's barking at the integrated US economy

Guess what, were a mixed economy nation.
Government spending,  private enterprise, and agriculture.
What would happen if one side was to reduce its output. (Government has an output)?
It would hurt the out put of the other the other two parts of the economy.
We would have an output deflation.
While this may have bring on monetary deflation, there is a good chance that this would bring on price inflation. 

Huh what was that paragraph all about?
The United States is heavy on government spending, if it is reduced by cutting workers, or cutting money to the private sector my logical way of thinking is that the private sector is in serious trouble.
The same is true if the private sector stops hiring and stars firing, the public sector is in serious trouble.
If we don't help farms out, with subsidies my way of thinking is in the short run the price of agricultural goods might go down, but in the long run a majority of farms would go out of business and will start having to compete with other countries for there agricultural products.

If a company can't make a profit it will produce less, while other companies that at one time were producing the same product will be out of business, there by forcing the price of those manufacturing goods to go up. (Price inflation).

OK
Still nonsensical?
What else can I say?



             

steve's barking at do we need the stock market

Do we need the stock market?
Do we need stocks?
We use stock to raise money for companies with IPO.
Companies raise money by issuing new stock.
These are positive things.
What companies don't need are those so called investor activist.
Why? A company needs to plan for several years, activist tend to make demands for now.

Now the way I see it most of the stock owned is secondary, meaning most stock don't do anything to help the company. (Huh) The company already has the money it needed from initial and issuing new stock.

Grafts have been made on how the stock market continues to rise dramatically over a period of  time.
I don't know. I kind of figure that it happens over stagnated period of time. (huh again)

Maybe it's just that I would have picked stocks that have tanked. Pan Am, Bethlehem Steel, Wang,IT&T(?). I guess I'm no Warren Buffet.

What ever happen to buying stock that the assets are worth more the shares of the stock?
When did the PE ratio become the value of the stock?
I'm so confused.

In conclusion we need a stockmarket. ( I didn't prove it one way or the other, so what).