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Mike Shedlock

Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.

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16 Comments So Far
Chris from Kalifornia Wrote: Jul 25, 2012 8:05 AM
It's way past time to cut off the leeches in Greece and everywhere.
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Reginald10 Wrote: Jul 24, 2012 1:48 AM
Eventually, they'll run out of Other People's Money.
Pretty soon, by the looks of it.
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Blair31 Wrote: Jul 23, 2012 3:05 PM
Portugal, Ireland, Italy, and Greece, (the PIIGS), should be allowed to exit the Eurozone, and go back
to their old currencies.
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Drik Wrote: Jul 23, 2012 1:04 PM
The only thing that was unstoppable was to have the politicians stop the crazy spending. The Greeks howled like they were being tramatized when they were told that their retirement would have to happen at 55, instead of at 53. And the politicians went along.
No sympathy due other than to the working class who have been paying the bills the whole time.
The same group that will be deserving of sympathy here when we have the same debacle.

http://delendam.wordpress.com
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Kibitzer Wrote: Jul 23, 2012 1:41 PM
You said, "No sympathy due other than to the working class who have been paying the bills the whole time."

But, if the working class had been and was actually paying all the bills, Greece would not be in the predicament they are in.

The problem is the debt financing of deficit spending that is killing Greece and is taking the US down the same unsustainable path!
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MoreFreedom Wrote: Jul 23, 2012 2:58 PM
If tax revenues from the government don't come from the working class, where do you think they come from? The unemployed, those on welfare, or trees?

We essentially have the government leeches, and the working productive citizens (including those investing their capital). The leeches have been multiplying and drinking more blood money from the productive. And the productive citizens are the ones suffering. Instead, we need to reduce the leech burden. That means getting rid of most of the leeches.
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Kibitzer Wrote: Jul 23, 2012 3:13 PM
Of course tax revenues come from taxpayers, but that isn't the issue. The debt incurred due to deficit spending is the issue, and that is borrowed money not tax revenue!
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SteveandJag Wrote: Jul 23, 2012 11:07 AM
Tick, tick, tick. The last sentence sums pretty much everything up.

"Hundreds of billions of euros have been wasted in the last three years attempting to stop the unstoppable."

I keep preaching it, finally some are starting to listen.
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Gordon242 Wrote: Jul 23, 2012 9:58 AM
MEDICARE AND BABY BOOMER ALERT -- $ 500 BILLION REMOVED FROM MEDICARE
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For those of you on Medicare and the Baby Boomers who soon will be, be forewarned that Obama is removing $500 Billion Dollars from Medicare to subsidize ObamaCare. ... This will increase the time of waiting to see a doctor, reduce treatments available and increase the possibility of Death Panels.... Remember Obama's suggestion, "Just take an aspirin".
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OBAMA and Every Democrat Senator voted to reduce Medicare by $500 Billion Dollars
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To stop this , ObamaCare must be repealed and Mitt Romney with 51 Republican Senators will repeal it.

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MoreFreedom Wrote: Jul 23, 2012 3:02 PM
Regarding Medicare, did you know that seniors on medicare, now pay more out of pocket for their health care now, than they paid before medicare existed? That's how lousy of a deal it is (not considering the tax they've paid for it their working lives. You can read about this in "How American Health Care Killed My Father" by David Goldhill, CEO of the Game Show Network and life long Democrat.
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Charles SWVA Wrote: Jul 23, 2012 9:02 AM
Looks like the Greeks are going to have to consult the Oracle of Delphi to figure their way out of this one.
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jb168 Wrote: Jul 23, 2012 8:59 AM
I think it was just this last Friday that ECB chief Mario Draghi told reporters emphatically that the Eurozone will not dissolve. Hmmmm... The conventional wisdom I've come to rely on more and more in the grand theater of this slow motion train wreck is "Never believe anything until it is officially denied." Now that the Eurozone breakup has been officially denied...
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Pistol Wrote: Jul 23, 2012 10:33 AM
That has always been my strategy, jb168. A rumor is just outhouse nonsense until officially denied. Then, you can take it to the bank.
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Alice153 Wrote: Jul 23, 2012 8:53 AM
Perhaps the Greek protestors and the OWS protestors could form a lend-lease policy by which they send representatives back and forth protesting the rights of tax-payers to keep their money rather than pay it out to gold bricks. French youth would no doubt sign up also since they are protesting for thirty hour weeks, exhorbitant pay for little or no work and retirement after a few years with large pensions, all paid for by the "government." We have me the government and they are us.
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Joe 145 Wrote: Jul 23, 2012 8:07 AM
If you spend more than you make, sooner or later it will catch up with you. Unless you make meaningful CHANGES.
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Nobody1 Wrote: Jul 23, 2012 7:09 AM
The "Game Plan" has been written long time ago. The "End Game" is all the same for all of us.
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