Here is the latest conversation I had with money manager Andrew Horowitz…. new insights for anyone who invests in anything.

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  1. Taxed Enough Already Dude says:

    Notice the U6 (most accurate) is going up, not down.

    This explains Obama’s agenda to get Republicans to sign onto his program of high taxes and massive regulation, with debt skyrocketing as more stimulus is applied.

    As Rush Limbaugh stated it, Obama wants both “Democrat and Republican fingerprints on this coming disaster, so both can be blamed.”

    Then something UnAmerican can take its place.

    • Taxed Enough Already Dude says:

      I think it’s nonsensical to plug Obama into this standard operating procedure theory of presidential politics in Washington. You know what the Republicans ought to do? The best thing they could do, I think, is to deny him their complicitness in any deal that happens. Because one thing I do believe Obama wants, he knows that there’s going to be disaster after this. He knows that there’s going to be continued economic disaster. He knows there’s going to be continued shrinking in the American private sector. He knows that the income gap is gonna continue to widen. He knows that there is not gonna be any increased prosperity in this country, overall. He knows that there isn’t gonna be any new wealth created. He’s denying the private sector that chance. He’s taken too much money out of it.

      Make him do it alone. This, to me, is the only leverage the Republicans have, and that is just don’t be part of any deal. If taxes are going to go up on the top 2%, don’t sign off on it. Just let him do it by himself. Make him follow through on all these things that he wants. Make him do them himself. ‘Cause one thing I do think I know about Obama, as we go over the cliff, he wants both parties’ fingerprints on it. That part of his legacy he is concerned about. That part of history he is concerned about. If we’re going over the cliff, he wants Democrat signatures and Republican signatures. And I’m saying, don’t sign it. Deny him this bargain. Deny him this grand deal. Do not make it look like Obama brokered some kind of an agreement that Republicans found acceptable and then signed on to. Just let him do this.

      I don’t call this walking away, although that might be the practical result. The phrase, let him own this, let him own it! Keep your fingerprints off of it. Do not, in other words, confess. Do not concede that tax cuts for the rich have led to this problem. And the Republicans, if they sign on to tax increases going up for the rich, they are effectively wiping themselves out. They are admitting, they are confessing, they are conceding that tax cuts for the rich have been the source of the problem. And they better not do that. I’m telling you, if they’re going up anyway, don’t put their fingerprints on it.

      Let Obama own this. And I don’t mean from the standpoint of the media blaming him so that he comes around on entitlements. I don’t mean that. I’m not suggesting that this can affect Obama’s behavior in the future. For the sake of the Republican Party, do not sign on to this. Deny him that. He wants the Republicans sharing the so-called credit for this. And they’d better not. It’s really not that complicated, to me. But, again, I’m not in their shoes. It’s easy for me to say here, effectively on the sidelines, but if the Republican Party is gonna try to stand for being the party of low taxes and economic growth, they better not put their names or their fingerprints on anything that raises taxes on anybody, particularly if it’s gonna happen anyway. Let Obama own that.

    • Anon says:

      Did you mean SGS instead of U-6. Because on the graph U3 and U6 are going down, SGS is stable/slight-upward-noise.

      • Taxed Enough Already Dude says:

        Yes, the sgs is what u6 was in the 90’s, before they took out the long term unemployed.

  2. Jack O'Shyte says:

    It would be interesting to overlay real estate values onto this graph. I have a hunch the Depression began in 2006.

  3. msbpodcast says:

    TEAD why are you doing everything to shovel your money as fast as you possibly can past the 1%ers to the 12,400 really rich pricks?

    Ask yourself, are you really any better off than you were before Shrub lost his sense of fiscal discipline and borrowed money to pay for two wars, a housing bubble, a Wall Street bubble, bank bailouts and bloated the military?

    America is becoming the poor, violent, relative that you never invite over anymore.

    The 99%ers can’t even afford their meds anymore.

    The 1%ers are too busy suckin’ rich dick, knowing that they’re going to be taken care of, like old mistresses by the 12,400 really rich pricks.

    Repubes, dumb-o-craps, its just a diversion.

    Read Winner-Take-All Politics and stop wasting your time on O’Mama. He’s just another stooge who’s wrestled a deck chair away from some other passenger on the fuckin’ Titanic.

    • Taxed Enough Already Dude says:

      I’m not that pessimistic…there is a chance sanity will prevail…but history teaches empires self destruct in ways similar to what we are doing now…so perhaps its over.

      I’m hoping it isn’t, not for my sake, but the sake of future generations…that liberty exist for them…that at least one country remain free, a land of opportunity….but its vanishing fast.

      • msbpodcast says:

        Sorry but I am, that pessimisstic I mean.

        Freedom, as in liberty, as opposed to at no cost, is a vanishing option.

        We 99%ers are doomed to suffer the slings and arrows at the hands of the 1%er whores at the behest of the vanishingly small minority, the 12,400 who count.

        There is no equitable end in a land ruled by equity…

        I’m just sorry that you, an obvious 99%er, can’t see how fast the rich are getting richer from the 1%ers shoveling your shekels at them.

  4. ECA says:

    lETS SEE…
    The OLD crash fell and we lost tons of jobs..
    Which is funny, due to the fact MOST manufacturing isnt in the USA..NOW..
    the MAIn business in the USA isnt getting hit. They really have nothing invested in the USA. They have no standing in the USA they could QUIT and walk away..a couple hundred people in the USA would loose a job.
    What then?? we have no business bringing IN EXPORTS.. with all the restrictions in the USA..other countries CANT really, come here.
    We have to LET other countries SELL and compete in the USA..

  5. Why do you use CAPS so often?? It’s irritating!

  6. Dallas says:

    The blue one looks like a Horrorwhizz graph where everything is always in or going to the shitter.

  7. deowll says:

    All it takes to knock out all unprotected electronics over 90% of the US is to set off a nuke a hundred miles up or so. The NK nut jobs are approaching the point they could do that by putting a “satellite” in orbit that turns out to be nuke.

    I think the people investing in the markets are getting their information from an alternate reality. Half of what is said seems to be somebody trying to manipulate the market.

    Obama doesn’t care about the cliff or the economy. He and the DNC media will blame the Republicans while spending the money along with every nickle they can borrow.

    John, you might look at what Rand Paul suggested. Vote present and let the Dems pass the bill in the House, vote no in the Senate and let the Dems majority pass it and claim it.

    The House Republicans were elected by red states that don’t like any of this bleep. While I like the Rand Paul plan they may be afraid to go home.

    My personal thought is that with all the money being pulled out of business by Obama Care plus all the extra taxes a lot of businesses are going to be doing well to stay in business much less for the economy to grow. The national dept is going to continue to grow at over a trillion a year. To put it bluntly even if we don’t go over the cliff we are going over the cliff. I expect the US to get down rated again and in fact it should have already been down rated. My belief is the ratings companies are afraid to to tell the truth about how bleeped most western governments, including the US government, are.

    • msbpodcast says:

      My personal thought is that with all the money being pulled out of business by Obama Care plus all the extra taxes a lot of businesses are going to be doing well to stay in business much less for the economy to grow.

      Obama Care won’t cost a fraction as much as the salaries of the top 1%ers.

      Jamie Dimon’s bonus alone is more than the GDP of several third word nations combined.

      We’ve got over three million 1%ers we could hit up for the money.

      Dont worry, they’re not going to suddenly die of blood loss.

      When did we lose control of the salaries paid those guys?

      We 99%ers have unions, salary scales and comparative wages.

      The 1%ers have negotiations, secret salaries and compensation committees that make me think of inmates in charge of the asylum.

      The 12,400 ultra rich bastards aren’t going to be bothered by class warfare.

      But we 99%er have a shitload of weapons and there’s more and more people losing their minds out here.

  8. Uncle Patso says:

    Yes, I think it might be a good idea to return to Clinton-era tax rates. After all, what did we get after he raised taxes? Does the phrase “irrational exuberance” ring a bell?

  9. t0llyb0ng says:

    William Miller:  “Why do you use CAPS so often?? It’s irritating!”

    ECA is an old fixture here.  He means well & everybody has just learned to ignore him.  The compulsion to random capitalization as he practices it may be one of those inexplicable symptoms worthy of a brief article in DSM V.

    • t0llyb0ng says:

      Oh dammit, that post showed up in the wrong order.

      Pretend that it’s down a few notches from there.


  10. Publius says:


    Your comments about the rockets were brilliant in the show’s intro. I just had to say so. Laughing my a$$ off here. Musk might still turn out to be the new Blofeld, you watch.

  11. Publius says:

    OMG this makes me absolutely want to float some bonds, and then receive their face value in money, and then buy them all back at 30% of face value, over and over and over again.

    @TheRealJCDvorak: This is maybe the best 2 min of podcast of all time. It’s pretty much up there with some of the better No Agenda segments. Bravo. By contrast my finance prof never brought in such pithy current events to his class, although he could have I would imagine. It was so orthodox.

  12. msbpodcast says:

    But sometimes the mot juste isn’t in English. 🙂

    When you hear the word free do you think cost or liberty?

  13. msbpodcast says:

    I find myself thinking that our remuneration rates are all out of whack in the English speaking world, led by the United States of course. (The salaries of Québec upper-crust executives is not so disproportionately bloated for instance. Its the same for Europe.)

    Their salaries are based on the result of negotiations with executive compensation committees (which the likes of mere employees don’t get to partake in, their wages being set by some other rate chart,) and reflect the “pissing contest” that an executive’s salary has become, instead of being based on the value of any work being performed.

    The sad part is that the wage and earning divides between the 99%ers and the 1%ers are approaching spans not seen since the French Revolution, when the soit-disant nobility (who were the upper management of the day) took rather severe haircuts, administered by Guillotine.

    We may be approaching a period in (mis)management history when all of the 99%ers are so incensed by the bad behavior and cupidity of the 1% that the proles who still have employment might join the millions who have been tossed aside in the rush to profit, and refuse to work.

    At that point, we will see the true color of our self-styled overlords. Do they listen and reach some form of accommodation, or do they sick the troops on the ones they perceive as their slaves?

    The problem with living in a “Winner-Take-All” society, with a “Winner-Take-All” economy, under “Winner-Take-All” politicians is that it does not leave anything for the losers, and guess what, they have already won it all.

    Taxes are the normal way to redistribute wealth.

    Its not the government’s money, its society’s money. I repeat, its society’s money.

    We appoint/elect/select/hold-our-collective-noses-and-choose-from-a-pretty-rum-lot a government to oversee and execute the appropriate redistribution of wealth, as well as maintain the necessary infrastructure for society to exist.

  14. Sea Lawyer says:

    The reason that we aren’t seeing inflation despite the quantitative easing measures implemented by the Fed is because they are being offset by reduced money supply growth from normal banking and lending activities due to regulatory policies implemented over recent years.

  15. Nano says:

    Ohhh.. That stats is not really good. I do have a good job but lots of people around me don’t and we should help them giving them food and clothes!


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