Looks like Obama's EPA figures they have already stabbed coal in the heart and there's no need to get out any more daggers.
So, Obama, NY, California are against coal. West Virginia, Kentucky, and Montana are for coal. Who will win that fight?
What do you mean Obama isn't going to raise taxes any more? That is still one of the first things he proposed after getting the last increase. And he loves "fees," which used to be something different but now is just newspeak for taxes.
I'm not interested in defending my SA articles here, it's not the proper forum and there's no point. Perhaps being criticized by one person who didn't even read it and another who has an axe to grind is a sign that my time here is done. I'll ask billion about tips on retirement.
Opinions about TC preferred shares TC.PRT? Looks like a winner to me. Pays a dividend and in 2015 converts to common shares at a rate where if TC common is up by then you participate in the gains.
Millions thought Iraq had wmds, and millions voted for Obama thinking he could fix the economy. Boy were they wrong. And in both cases we got trillions in debt and nothing to show for it. Imagine how strong the economy would be today if Obama had not massively meddled in it in a misguided belief that govt can fix anything.
But voting is important. By my count the vote is 18,000 for dividends and one against. Not even your fellow travelers BG and keeb or alter ego killmorons are with you on this one.
BTW, how is retirement going?
billion, please define retiring.
If you are truly retiring that will give you time to read my latest Seeking Alpha article, Good Times Ahead For Dividend Investors. You should go comment on it to prevent me from misleading the 18,638 people who have looked at it so far. Tell them that dividends are irrelevant to the investment decision.
BG, here is how the Fed purchasing works:
Dealers gives Treasury $40 billion a month for T bonds.
The Fed gives the dealers $40 billion for the T bonds.
Treasury ends up with $40 billion, the Fed ends up with T bonds. The dealers are just a conduit for the money to get from Fed to Treasury.
IYou were getting this process confused with the Fed purchases of MBS.
OK you guys. I just put out the inflammatory posts about Obama to goose billion when he said he was retiring. Now that that non-episode is over, let's go back to the good ole days of civil discourse. I didn't expect you two to go postal and am sorry to have upset you so.
joe, what country does BTU sell most of its coal to? And now we have slowing in Europe, US and China.
IMO when you compare the BTU price today with last year it's high, but if you look at where it could go this year it's not.
Yeah, six months plus... Plus 3 years. There is no staying power and no bottom. The disappointing GDP today is a huge sign that BTU is not going up. If you don't pay attention to that sign then you deserve what you get. In 3 years BTU may be above 20, but why not get shares at 12 instead of 18?
Oh good, that means there's still time to fire up some good conspiracies. billion has faulted Bush (surprise!), BG has implicated the defense industry and big oil, let's hope there's room for the drug companies, insurance companies, and Tea Party.
It's just possible that billion and uncle are the same, just like billion and killmoronss. Not a coincidence that billion announced his retirement the same time as uncle disappeared and a new billion id appeared. The 2 personalities had a love-hate relationship, just like Tony Perkins in Psycho. Maybe mrs. billion should be cautious about getting in the shower.
You are partially correct. Fed money from selling MBSs largely stays in the bank's Fed accounts. However, the $40 billion in Tbond purchases goes right to the Treasury. This is the whole point of QE. It goes through the primary dealers cuz the Fed is not allowed to make direct purchases. So the Fed is the enabler for huge govt deficits.
The Reinhardt dustup is a huge straw man set up by "progressives." Fiscal conservatives were trying to cut debt way before that study. I might point out the the revised results still show a relationship between high debt and low growth -- a fact that you and your friends either don't know or ignore. As to other facts, maybe this is not one but the idea that the cure for debt is more debt is laughable on its face. Many Harvard economists have spent countless hours working on theories to prove the opposite, which is a classic example of academic nonsense opposing common sense. Crimson economist Paul Krugman thinks the EU should keep loaning more billions to Greece, somehow missing the fact that they got into trouble for exactly that.