Tried to paste this, too large. Check out http://market-ticker.denninger.net/

RT

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When all else fails, vote from the rooftops!
84' Mercedes Benz 300D Anthracite/black, 171K
03' Volkswagen Jetta TDI blue/black, 93K
93' Chevrolet C2500HD ExCab 6.5TD, Two-tone blue, 252K

Good article.


It always annoy's me when people my age want these monster houses. They turn there noses up at houses like the one I'm trying to sell. But it has 3 small but liveable bedrooms, and 1.5 baths, plus a nice size living room area. A WW2 vet raised a family with 3 kids in it, and lived their for over 50 years. Yet its not good enough for 20 year olds these days. They have wine tastes on spam budgets.

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1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

And i thought we only had that problem in South Africa!!!!

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The truth usually angers people

Bloody Kaffirs.

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That is so true, I would be happy to buy a house like that, or even smaller. Plus houses of that vintage tend to be better constructed in my honest opinion, compared to many of the new houses being built today. People had more pride in their craftsmanship, even if it is something cheap and slapped together.

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1999 Toyota Corolla VE (Mine)
2006 Honda Odyssey (Wife's)
1979 300CD (sold)

Social Security is the worst of the lot. You pay in for a bit, bring some people into the world who start paying when you're done and ready to cash out. Those people have to bring in a few more into the scheme so that they themselves can cash out.

And so on.

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You don't need a weatherman to know which way the wind blows - Robert A. Zimmerman

Still reading it. It started out good, but got worse when he started talking about social security, cell phones and obesity.

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1984 300TD

Our Government's Finances. We put into place Social Security and Medicare, two schemes that have accumulated fifty three trillion dollars in forward liabilities with zero in assets behind them. These liabilities are growing at a rate several times that of GDP. Then, as if this wasn't enough, we passed "Medicare Part D" which has now added even more to the liability side of the balance sheet but which was and is totally unfunded by assets. This both can and will collapse just as did the Housing and Internet bubbles. Our government has been spending money it doesn't (and never will) have for a very long time, but we have now entered the phase (just like the Internet and Housing Bubbles) where debt is increasing at an exponential rate compared to assets. We have, in the last year, nearly doubled the outstanding public debt commitments on the United States ($8 trillion added against a $10 trillion base), with the previous $10 trillion itself having doubled from $5 trillion in the space of just a bit more than a decade.

I have a great idea: Let's EXPAND government-run healthcare.

B

Pretty interesting article, but I'm not sure how much I buy some of the 'statistics'.

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1984 300TD

If, and it's a sorta big if, public health policy is dramatically improved, might be a net savings. The poor clog emergency rooms waiting for routine care that could be handled much more efficiently at smaller neighborhood clinics staffed mostly with RNs and PAs, essentially doing triage.

It's not uncommon in LA to spend a few hours in an ambulance trying to find an ER with room for more patients. Who pays for the 3 hour ambulance bill? Further, indigent people often show up with advanced conditions, expensive to treat, that could have been treated much better with less expense years earlier at small health clinics.

Instead, health care for all is increasing much faster than the quality of the care. We have a huge shortage of nurses, a shortage that will not be alleviated in the short run by the free market. Nurses with the experience and training to qualify as good professors at University can make significantly more working as a nurse. Show me a free market solution for that one.

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1986 300SDL, 362K
1984 300D, 138K