PeakTrader.com

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PeakTrader said...

If government was a restaurant, someone like Methinks would order the breakfast. She'd receive half cooked scrambled eggs, bacon fat, rubbery hash browns, burnt toast, and cold coffee. If she complained, she'd get a grapefruit squeezed in her face. The check would be $25.

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Bill said...

That is hilarious.

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PeakTrader said...

Wall Street, not Silicon Valley, is the archenemy of the Obamanites, although Wall Street helped build the most efficient economy the world has ever seen, created and captured trillions of dollars of real wealth in the global economy, distributed that wealth to America's masses, and diversified the risk globally.

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Jon said...

Wall St absorbed 40% of ALL CORPORATE PROFITS in this country and there is little evidence they do anything that improves things. Prior to financialization (that is prior to dismantling the Bretton Woods regulatory apparatus) economic growth was more rapid and more egalitarian. Not just in the US. The world over. Dismantling the regulatory apparatus has slowed economic growth, funneled the smaller growth into the pockets of Wall St financiers, and generated a bunch of young people with crushing student loan debt (which is not dischargeable) and no prospects besides burger flipping, which is not enough to repay the debt.

And they have plenty of arguments. You're just not listening to them.

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AIG said...

"Wall St absorbed 40% of ALL CORPORATE PROFITS in this country and there is little evidence they do anything that improves things"

Most ridiculous thing ever said on this blog. Anyway...moving on...

[On Wall Street Protests]:

"The mostly young crowd "

Young has nothing to do with it. These are mostly filthy ignorant looser narcissistic cry-babies and the bottom of the barrel of society. The more the Dems and the "unions" associate with such absolute filth, the clearer it becomes to everyone where they stand.

I'm just surprised why everyone is paying so much attention to a couple of hundred looser from Williamsburg Brooklyn?

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PeakTrader said...

Jon, in the 2000s, U.S. corporations had a record 20 consecutive quarters of double-digit earnings growth, two million houses a year were built, 16 million autos per year were sold, U.S. real GDP expanded 3% annually, in spite of 6% annual current account deficits (which subtract from GDP).

The U.S. economy was most efficient, while Americans stocked-up on real assets and goods, and capital was built-up.

Wall Street vastly improved the lives of America's masses.

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Rick Parker said...

I just finished writing that ! Or something fairly close anyway.

The mostly young crowd packing into NYC to protest against capitalism is all over the news now. There is a certain irony to their declarations against “Big Corporations” henceforth referred to as (BC)

They arrived in their cars, (BC) in airplane(BC)s, and on busses(BC) They alert each other to gatherings over Twitter(BC) and the Internet(BC) using their IPhones(BC) and Ipads (BC)They stay tuned into the latest music(BC) with earphones(BC) plugged into their Ipods. (BC) They wear Nikes, (BC) Reeboks(BC) and Earth shoes(BC), Levis, (BC) Gap (BC)and Old Navy(BC) clothes and smoke cigarettes made by “Big tobacco”. (BC)

They hold signs printed on paper(BC) with markers (BC), beat drums(BC) and use megaphones(BC) to shout out their anti-business slogans. They use the toilets(BC) at McDonalds(BC) and eat food (BC) at any handy eatery(BC). When they use the bathroom they wipe with toilet paper(BC) while sitting on a toilet (BC) and washing their hands in a sink (BC) using soap. (BC)

In short, every single need, want or desire of their lives has been supplied every step of the way by Big Corporations. Were it not for Big corporations they would have had to have heard about the protest from smoke signals from fires lit by flints and burning wood cut with stone axes. They would be dressed in animal skins and would have walked barefooted on dirt paths to get to NYC. They would be doing their business behind trees and wiping with their bare hands. At night they‘d be snuggled up under a homespun blanket made from the fleece of their own sheep.

I’m going to go out on a limb and say that without Big Corporations no one would be there at all. Everyone would be too busy just trying to stay warm and fed.

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