Disqus - Latest Comments for mikemuoio

Re: Why Was There No Water to Fight the Fire in Maui?

Michael D Muoio — Tue, 22 Aug 2023 17:36:31 -0000

Unbridled capitalism at work!

Re: Is the Doom of Humanity Really Inevitable? Maybe Not.

Michael D Muoio — Thu, 06 Jan 2022 18:23:41 -0000

I remain a pessimist.....for obvious reasons.

Re: Kimberly-Clark: Relocating 250 Workers To Chicago Won't Interfere With Tax Credit In Wisconsin

Michael D Muoio — Wed, 28 Apr 2021 19:28:39 -0000

Seems a bit odd.....

Re: Rioters in Kenosha Burned This Immigrant Family’s Business to the Ground

Michael D Muoio — Mon, 02 Nov 2020 13:39:04 -0000

This site is not only silly....it is very unpopular----break camp and move on Daily Signal-----LOL

Re: Can Economics Save the Environment?

Michael D Muoio — Fri, 09 Oct 2020 08:18:57 -0000

I am 68 years old. When I was born the planet had 2 billion souls....today it has 7.8 billion. The simple fact is the planet is stressed and will only drift into Malthusian decline if we do not reverse population course. We are not smart enough to fix a 4 fold increase fostered by unbridled capitalism. Capitalism does not work well in reverse and its' time is over. A new economics must be created to permit the peaceful return to 2 billion souls. This is the major issue for all of economics.

Re: The Future of the Safety Net

Michael D Muoio — Wed, 19 Aug 2020 18:51:57 -0000

A tax cut is only effective if you are working. That is the bottom line. Surely we can do better than this suggestion.

Re: The $5.3 Trillion Question Behind America’s COVID-19 Failure

Michael D Muoio — Wed, 29 Jul 2020 16:48:27 -0000

Unbridled capitalism will destroy the United /States if we permit it. We are rolling to our destruction a a heady clip.

Re: Trump: 'Fortunately' John McCain is dead now and might be in hell

Michael D Muoio — Mon, 01 Jul 2019 10:38:17 -0000

tRump is so full of feces, every time he opens his mouth shit just comes out!

Re: Tempted by CenturyLink's Dividend Yield? Check the Charts First

Michael D Muoio — Wed, 21 Nov 2018 10:44:31 -0000

Mergers are messy things----cash continues to flow from this enterprise. These shares are way oversold with a replacement cost of the network of $85 billion which is 4X current market cap and 2X less debt. This is a BUY as Oppenheimer and RBC reiterated yesterday.

Re: The Corporate Plan to Groom U.S. Kids for Servitude by Wiping Out Public Schools

Michael D Muoio — Tue, 08 May 2018 09:51:55 -0000

Slave in training.

Re: Where's the Productivity Growth? The Bureau of Labor Statistics Can't Find the Robots! | Beat the Press | Blogs | Publications | The Center for Economic and Policy Research

Michael D Muoio — Mon, 15 May 2017 11:33:34 -0000

Robots do not pay taxes or consume much except some power. They work 24X7 and do not get lunch breaks----It may be time to tax these workaholics.

Re: Where's the Productivity Growth? The Bureau of Labor Statistics Can't Find the Robots! | Beat the Press | Blogs | Publications | The Center for Economic and Policy Research

Michael D Muoio — Mon, 15 May 2017 11:20:02 -0000

There are no productivity gains because of low interest rates---there is no urgency in the economy because low rates and financial repression for savers has both suppressed demand and created lazy subsidized oligopolies approved of by an asleep FTC that buy their shares back to improve their EPS and assure obscene C-Suite bonuses.

The ONLY means to spark growth is to return immediately to normalcy on rates---TNX should be 4-5% immediately!

The FED should add 3% more money each year and go fishing... forever. This group of very smart academics has caused more volatility in the economy and markets than the natural economy could possibly produce.

The time of the "FED-Ways" must end.

We really do not need the entire institution as most often they are just triggering another cycle of inflation and/or recession.

I would however keep the research and stat tracking for measurement purposes only.

Re: Why Do the Really Big-Screen TVs Cost So Much More?

Michael D Muoio — Tue, 09 May 2017 07:23:03 -0000

Perhaps it is really just sliding down the demand curve over time to maximize revenue and margin. These super-sized sets were not available 5 years ago.

Re: Trump's Signals on the Fed Are Worthless

Michael D Muoio — Mon, 17 Apr 2017 17:29:34 -0000

She has got to go but so does Trump.

Re: How big a problem is the zero lower bound on interest rates?

Michael D Muoio — Thu, 13 Apr 2017 07:33:15 -0000

The misallocation of capital driven by by the Federal Reserve has been going on for almost a decade now and has done little for the average American but has rewarded corporations and the wealthy.

Equity and bond markets have remained on a tear for decades while inflation adjusted incomes have stagnated at unacceptable levels.

If we seriously want to "normalize" and attain 3-4% growth rates we must act like it and stop the endless debate while the economy suffers from a lack of growth and real demand.

We must remember the financial crisis was largely driven by financial hooliganism that should have been prevented by better and more effective banking regulation that had been given up by Congress for financial political support.

We have been told that Dodd-Frank has achieved this, but perhaps has created it's own side effects such as petulant bankers that continue to seek ridiculous rent seeking policies from the Congress.

If we really want to "normalize" we must create the same environment we had when growth and inflation targets we enjoyed. This would imply we take rates up by 50 basis points a quarter until normal rates and inflation targets are achieved in a 2-3 year period.

If this is not done, our fiscal budget circumstances will reach a level that will be unmanageable sooner than anyone believes, particularly with further tax cuts on the current agenda.

Also, in regard to equity pricing distortions, many of which are driven by low cost margin debt and share buybacks, the Schiller cyclically adjusted 10 year PE is at a level (28.8X) only reached twice

before- 1929 and 1999. This surely does not auger well for near term prospects. (http://www.multpl.com/shill...

Sadly the Federal Reserve itself will have created the 35-45% equity drawdown we will inevitably suffer due to an elongated misguided interest rate policy.

Indeed, it is time to put the bourbon bottle aside and initiate an accelerated move to the sober sane measures that will create the environment of strategic long term real growth and prosperity for all.

Re: PredictIt | Who will win the 2016 Democratic presidential nomination? Bernie Sanders

Michael D Muoio — Mon, 11 Apr 2016 16:53:46 -0000

Roll Bernie!

Re: Paul Ryan Wants to Cut Social Security and Medicare | Beat the Press | Blogs | Publications | The Center for Economic and Policy Research

Michael D Muoio — Mon, 11 Apr 2016 11:30:11 -0000

Eddie Munster.

Re: Schiff: I'm right about the Fed, I'll be right about stocks

Michael D Muoio — Wed, 23 Sep 2015 12:51:58 -0000

Peter is one smart guy and he has warned.

Re: Cramer: Phew! Fed gets it. Prepare for high prices

Michael D Muoio — Fri, 18 Sep 2015 07:36:56 -0000

Jim prepare for lower prices, earning disappointments and general deflationary chaos. Margin debt has reached levels only seen before in 2007. Put your parachute on!

Re: Social Security Benefits Will Be Cut In 2017 As Retirement Age Rises - Investors.com

Michael D Muoio — Fri, 15 May 2015 16:35:49 -0000

Yes and the new republicans did for the Iraq war.

Re: Social Security Benefits Will Be Cut In 2017 As Retirement Age Rises - Investors.com

Michael D Muoio — Fri, 15 May 2015 16:35:02 -0000

These morons only need to lift the cap and when the boomers die, surpluses will be generated . All of these republicans are idiots. Our country cannot work with out SSI. Get over it and stop being ridiculous, and Christie you never make it to 65 unless you lose 200 pounds.

Re: THIS is the key valuing stocks right now: Buffett

Michael D Muoio — Mon, 04 May 2015 11:01:26 -0000

We are all in BLUE water that is very deep. It will not end well as the mis-allocation of capital has reached irrational levels. Over the last decade 54% of the S&P earnings have been used to repurchase shares. As Fink has said and I agree, this is a bet against the future.

Negative rates imply deflation and that will cause every major debtor nation to default and that is not ending well....When? Who knows but this is not sustainable and will be very ugly and I suspect it will be sooner than later as everyone believes this anomalous condition to last forever as we did in 1893, 1896, 1901,1907, 1929, 1937, 1962, 1987, 1989, 2000, 2007 2008, 2010 .

Buckle up.

Re: Why Are Conservatives Bashing Congress?

Michael D Muoio — Fri, 06 Feb 2015 17:51:31 -0000

If you do not have $5 Million in net liquid assets, you are not a real Republican. There are lots of phony Republicans wandering about, but they have a mental disorder called, "I believe I am a real Republican". This is clearly a mental disorder. Those with this mental disorder must be purged from the party immediately.

Re: Wisconsin Idea Was Rewritten Per Walker's Drafting Orders

Michael D Muoio — Fri, 06 Feb 2015 11:36:39 -0000

If you ever wanted to know what a modern day Royalist looked like here you are. every measure he adopts is a move back to the gilded age with steeps further down the road that may get us to serfdom. Elected 3 times in 4 years by 28% of the electorate be the latent Obama racism embedded in the rural Wisconsin vote, he will be moving fast as he and Koch know they will not last long. Here are the Koch long term goals. Walker is just a useful idiot (Marquette dropout 2.56 GPA).

The
Koch Doctrine

“We urge the repeal of
federal campaign finance laws, and the immediate abolition of the
despotic Federal Election Commission.”

“We favor the abolition of Medicare and Medicaid programs.”

“We oppose any compulsory
insurance or tax-supported plan to provide health services, including
those which finance abortion services.”

“We also favor the deregulation
of the medical insurance industry.”

“We favor the repeal of the
fraudulent, virtually bankrupt, and increasingly oppressive Social Security system. Pending that
repeal, participation in Social Security should be made voluntary.”

“We propose the abolition of
the governmental Postal Service.
The present system, in addition to being inefficient, encourages
governmental surveillance of private correspondence. Pending
abolition, we call for an end to the monopoly system and for allowing free
competition in all aspects of postal service.”

“We oppose all personal and
corporate income taxation, including capital gains taxes.”

“We support the eventual repeal
of all taxation.”

“As an interim measure, all
criminal and civil sanctions against tax evasion should be terminated
immediately.”

“We support repeal of all law
which impede the ability of any person to find employment, such as minimum wage laws.”

“We advocate the complete
separation of education and State. Government schools lead to the
indoctrination of children and interfere with the free choice of
individuals. Government ownership, operation, regulation, and subsidy of
schools and colleges should be ended.”

“We condemn compulsory
education laws … and we call for the immediate repeal of such laws.”

“We support the repeal of all
taxes on the income or property of private schools, whether profit or
non-profit.”

“We support the abolition of
the Environmental Protection Agency.”

“We support abolition of the Department of Energy.”

“We call for the dissolution of
all government agencies concerned with transportation, including the Department of Transportation.”

“We demand the return of
America's railroad system to private ownership. We call for the
privatization of the public roads and national highway system.”

“We specifically oppose laws
requiring an individual to buy or use so-called
"self-protection" equipment such as safety belts, air bags, or
crash helmets.”

“We advocate the abolition of
the Federal Aviation Administration.”

“We advocate the abolition of
the Food and Drug Administration.”

“We support an end to all
subsidies for child-bearing built into our present laws, including all
welfare plans and the provision of tax-supported services for children.”

“We oppose all government
welfare, relief projects, and ‘aid to the poor’ programs. All these
government programs are privacy-invading, paternalistic, demeaning, and
inefficient. The proper source of help for such persons is the voluntary
efforts of private groups and individuals.”

“We call for the privatization
of the inland waterways, and of the distribution system that brings water
to industry, agriculture and households.”

“We call for the repeal of the
Occupational Safety and Health Act.”

“We call for the abolition of
the Consumer Product Safety Commission.”

“We support the repeal of all
state usury laws.”

In other words, the agenda of the Koch
brothers is not only to defund Obamacare. The agenda of the Koch brothers
is to repeal every major piece of legislation that has been signed into law
over the past 80 years that has protected the middle class, the elderly, the
children, the sick, and the most vulnerable in this country.

Re: Danish Central Bank Cuts Deposit Rate to Minus 0.2%

Michael D Muoio — Mon, 19 Jan 2015 16:46:35 -0000

Hang them AFTER they are drawn and quartered----forget the ropes we need 4 hooks per.