fairmon's comment history

fairmon said...

alprova said....Never in my life have I witnessed a President accused of more wrongdoing, even in areas where he clearly has done nothing to deserve such accusations.

I have avoided the wrong doing charges since there is adequate not doing to criticize. His attempts to work with and influence those in congress he could persuade have been little to none. He has been one of the most hands off managers ever.

BTW...Bonds are being purchased by the fed and investors in those countries that have even lower interest rates than the U.S. That is how the fed gets printed money in the system. Print it to buy bonds so the government has it spend. Our opinion of what happens when they continue to reduce QE to zero is probably different.

July 31, 2014 at 9:05 a.m.
fairmon said...

Illegal immigrants and anyone that is not a citizen is not eligible to vote so the charge that democrats want illegal immigrants here for their vote is incorrect.

Why do we have such poor choices for the 3rd district race? Chucky should be chucked but then Wimp Wamp is the alternative, damned if you do and damned if you don't. The democrats have no good alternative either. It is a good thing Jon Wolfe is not still around to run or we could be in even worse trouble.

July 31, 2014 at 4:23 a.m.
fairmon said...

Obama is following the law regarding the current influx of immigrants that should not be happening. He has requested a change in the law to allow him to return those showing up but congress has done nothing toward that end but they are criticizing the president for doing nothing.

I don't like Obama because I think he is one of the most inept ineffective POTUS in history. But, in this case he is criticized unfairly. No one is talking about immigration laws that have not been enforced but now talking about that which is in the news.

July 31, 2014 at 4:18 a.m.
fairmon said...

alprova said...

Fairmon wrote: "Are you kidding? No those holding that paper are not happy but think they are protecting their money which is a major mistake."

alprova said...No country has a track record of honoring its debts any better than the United States of America, and that's not going to change because a bunch of idiots run around flapping their wings.

alprova, you economic idiot. Do you know what happens to those bonds when interest rates go up. They are of less value unless held to maturity although paying interest so low the principle will not keep up with low inflation. If sold before maturity, which can be up to 30 years, the value is less than the purchase price therefore a loss. Yes, they are very likely going to get what they have coming even if the government has to print or borrow more, increase the debt, to pay them. Either way, they are locked in to very low earnings on their money or to a loss if sold before maturity. Some people made a lot of money by buying bonds when interest rates were dropping and selling them at a higher face value at the lower interest rate. The flow of money out of bonds into stocks or the big money flow into stocks instead of bonds is one reason for the current stock market performance.

How many people do you know that pay their debts by borrowing money while paying the interest on old full credit cards and get another new card to add to their debt?

July 30, 2014 at 3:44 a.m.
fairmon said...

The prevailing prediction is a write in will win the republican primary....."none of the above" will prevail.

July 30, 2014 at 3:20 a.m.
fairmon said...

im said...There is overwhelming economic data showing that economic stimulus by spending against debt benefits an economy in dire trouble.

It is a false expansion and can only continue with ever expanding debt when not a result of increased production.

July 29, 2014 at 9:52 p.m.
fairmon said...

"You and those equally selfish boomers have no shame about leaving a debt for future generations they could never pay even at 80% tax rates on the highest incomes."

alprova said...Sir, it's not my debt, nor have I had any hand in creating it. Your beef is with the politicians who have spent all that money and continue to spend money.

You certainly advocate debt and spending and support those like minded.

July 29, 2014 at 9:49 p.m.
fairmon said...

alprova said...It isn't bad either. Those holding paper on that debt are making lots of interest on that debt. I'm sure you are aware that home grown Americans hold most of that paper and they like it.

Are you kidding? No those holding that paper are not happy but think they are protecting their money which is a major mistake.

July 29, 2014 at 9:47 p.m.
fairmon said...

real demand can only come from production, not from printing money or expanding credit."

alprova said...You might not think so, but the tactic has been used for decades and it has only been good for this nation. Outside of this nation, no so good, but that's the breaks.

Not to the extent it has for the past 5+ years. Do you know why it only works in the U.S. and what may cause that to change? Doubling the debt with the increase being equal to all past administrations combined cannot be good.

You and those equally selfish boomers have no shame about leaving a debt for future generations they could never pay even at 80% tax rates on the highest incomes. It is 17 trillion and projected to double again in the next decade give or take a year or two. Tell me again how that doesn't matter?

July 29, 2014 at 9:07 p.m.
fairmon said...

The economy tanked and since that time every time 'demand' slacks off, the Fed appears with more credit.

The idea of creating and enhancing "demand" with new money is hardly new. It is by far the easiest way to simulate demand growth. You print money (or otherwise boost credit).

The economy takes up the new purchasing power and confuses it with real demand. Sales go up. Prices rise.

A boom follows.

But it is a fool's boom, real demand can only come from production, not from printing money or expanding credit.

I didn't intend to say they will reach 14% but they will go up which is a major concern of the FED and why they warn congress about the cost of servicing the debt should interest return to a normal level.

You say you look at all sides. Check out how household debt has gone up in the past decade, especially since "quantitative easing began. Reduced spendable income and increasing prices have been a major cause.

July 29, 2014 at 7:33 p.m.
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