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“Economics 101″ Video Exposes Keynesian Consumer Spending Fallacy

November 30th, 2010

A Center for Freedom and Prosperity Foundation “Economics 101″ Video Exposes Keynesian Consumer Spending Fallacy.

“Keynesian stimulus schemes failed under Bush and now they are failing under Obama” said CF&P Foundation President Andrew Quinlan. “This new video hopefully will prevent similar mistakes in the future by helping people understand the importance of growth rather than redistribution.”

“Keynesian policy is based on the fallacy that you can become richer by taking money out of one pocket and putting it another pocket, but this is a zero-sum game that appeals to statists and other redistributionists,” added Dan Mitchell of the Cato Institute. “Real economic growth occurs when we figure out ways to increase national income, which is why good policy means reducing the burden of government.”

Video Summary

Politicians and journalists who fixate on consumer spending are putting the cart before the horse. Consumer spending generally is a consequence of growth, not the cause of growth.

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Tags: Consumer Spending, Consumer Spending Fallacy, Fallacy, Spending Fallacy

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(SIRI) SIRIUS XM Analyst Maintains Neutral Rating on Shares

November 28th, 2010

SIRIUS XM Radio Inc. (SIRI) reported excellent financial results for the third quarter of 2010 that beat the Zacks Consensus Estimates. This was the combined results of a double-digit growth in revenue, significantly higher net addition to its pay-radio services, and a meaningful improvement in ARPU (average revenue per user).

The company, which was facing bankruptcy in 2009, is now steadily moving toward stability. After Comcast Corp. (CMCSA), SIRIUS XM is the second largest entertainment subscription services provider in the U.S. An improving U.S. auto sector and a rise in consumer spending will sustain SIRIUS XM’s near-term growth.

Improving U.S. economic conditions have resulted in the recovery of auto sector sales together with better-than-expected consumer spends prompting SIRIUS XM to present a rosy picture. The company has a very strong business relationship with original equipment manufacturers. SIRIUS XM owns an extensive satellite network covering the whole U.S. that provides audio content through over 130 channels.

Recently, Moody’s Investor Service upgraded the credit ratings of SIRIUS XM. The

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Tags: Sirius, Sirius Xm

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Unthinking Economic Parrots and Deflation Fighting Madness

November 27th, 2010

The ineptitude of Japan’s policies hoping to combat deflation is staggering. Worse yet, unthinking economic parrots talking about the “economic damages of deflation” have no idea what they are even saying.

Please consider Japan passes new $61bn stimulus package

Japan’s parliament has passed a stimulus package worth about $61bn (£39bn), designed to kick-start the country’s fragile economic recovery. The stimulus was designed to create jobs, Prime Minister Nato Kan said, through measures to help small businesses and boost consumer spending.

Earlier, figures showed that Japanese consumer prices fell for the 20th month in a row in October.

The vote in favour of the latest stimulus measures represents a victory for the government, which has struggled to get the package through parliament. The move is in marked contrast to European governments’ policies, which are focusing on cutting spending to secure growth.

Japan has been struggling with weak growth, a high yen and deflation.

The core consumer price index fell by 0.6% in October compared with a year earlier, official figures showed.

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Tags: Deflation, Economic Parrots, Unthinking Economic, Unthinking Economic Parrots

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OXiGENE, Inc. (NASDAQ: $OXGN) A Traders Trap Or A Serious Breakout About To Occur?

November 12th, 2010

OXiGENE, Inc., a clinical-stage biopharmaceutical company, engages in developing therapeutics to treat cancer and eye diseases in the United States. It primarily focuses on the development of product candidates that disable and destroy abnormal blood vessels that provide solid tumors a means of growth and survival, as well as associate with visual impairment in various ophthalmological diseases and conditions. The companys products include ZYBRESTAT, which is in FALCON Trial – Phase II randomized controlled study for the treatment of 1st-line non-small cell lung cancer, as well as in Phase II Simon two-stage design study for the treatment of platinum-resistant ovarian cancer; and OXi4503 that is in Phase I dose-escalation study and Phase Ib dose-ranging study for the treatment of refractory solid tumors hepatic tumors. Its products also include ZYBRESTAT for ophthalmology, which is in phase II randomized, double-masked, placebo-controlled, and single-dose study for proof-of-mechanism study in polypoidal choroidal vasculopathy. OXiGENE has a strategic collaboration agreement with Symphony Capital Partners, L.P. to support the advancement of ZYBRESTAT for oncology and ophthalmology, and OXi4503. T

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Tags: Inc, Inc Nasdaq

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NJ School Superintendent Bitches about Making $175,000 a year, Gov. Christie says “Let Me Help You Pack”

November 11th, 2010

Every time I listen to NJ Chris Christie I want to stand up and salute. Today is no different.

Please watch this 4 minute video where Chris Christie blasts LeRoy Seitz, Superintendent of Schools for the Parsippany School District about Seitz’s threat to leave the state if his salary is reduced to $175,000.

NorthJersey.com has more details in Governor sets sights on Seitz contract

Last week the Parsippany-Troy Hills Board of Education voted 6-2 to renew Superintendent LeRoy Seitz’s contract, which included a 2 percent per year salary increase.

What made the contract noteworthy, aside from the dozens of people that spoke out against it and the tongue lashing the Board and the Superintendent received from Gov.

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Tags: Christie, Year Gov

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Market Has Shown Its Cards

November 11th, 2010

2 scenarios: 1. this week is toasted expect a nice sized move to close out the week in a red candle. 2. the market comes back this week closes out near the close from last Friday, if that happens market is going down next week, but it will be very pathetic. If scenario 2 happens it means new highs will be happening shortly after.

This crap above (which many will think it is and I don’t blame you for thinking that) is essentially based on some programmed patterns of mine. It has a high reliability, but the one item of danger with this one is that if we have a down week with those colors on, we are most likely going to break out again soon. The other caveat is that the pattern gets destroyed by the end of the week if price action deteriorates further and say turns off that green light. This would be my preference as the a continued selloff can occur. This is all very short term and I’m not ultra bearish or anything like that. Just looking for a healthy dip.

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Tags: Market, Market Shown

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