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Uh, what part of logic are you having trouble with?

maybe he is just a little ticked that the unions are getting so much. obviously you are only stating one side of the issue. you can't have it both ways. if the company really went bankrupt, then the unions wouldn't be getting much either (along with the dealer). but, the unions are getting so...

YOU aren't the one missing anything. That's the whole point. Another dealership is going to get all his business for free.

so your extra, say, hour of time is only worth a buck or two? gotta love the typical parroted American attitude quip.

tax refunds were +15% vs last yr. don't hear many talking about this as a possible reason for increased consumer spending. needless to say, a one-off event.

No company is going to be allowed to go bankrupt if it can at all be helped (by the gov't) because that would trigger CDSs.

isn't the economist hq'd in London? btw, the US is now left of france anyway.

wouldn't want those CDSs to trigger, would we? these are the times of no big BKs and big money hand-outs for everyone.

what if we are actually hurting the strong firms by keeping the weak firms alive. you think keeping Delphi in business for 4 yrs or so hasn't hurt stronger auto suppliers? How about Buffett saying something to the effect that he will have a tough time competing with firms that get free...

nope, they get bailout money, reduced principal, and a reduced rate.

just proves that agency theory is alive and well. in addition, read some history as this type of stuff has been going on for centuries and more. business school isn't worthless, however human nature is just as strong as ever and trumps everything usually.

is that 11 central or eastern?

not sure if this is correct but possibly get the mean and SD for winning trades and the same for losing trades then generate lognormal random trades for both and combine.

exactly and well said. also, where does it stop? the homebuilders are probably next then the states will go hat in hand to the fed gov't; then we basically have a situation where the states can print money too. basically, capital is being allocated terribly and will continue to be as long as we...

Of course gov't can take a role and it has. Are you missing the point that the current mess we are in is, in large part, from that "propping"? I guess you didn't quite get the full implication of my post after all.

that's right, we should make most all gains not subject to capital gains. oh wait, we did that. well, how about we push mortgages to people just so they will buy a house and, therefore, support housing prices, banks, and the american dream? oh wait, we did that too. how about we push money out...

http://www.amazon.com/gp/product/9562916006/

yep, that always happens. govt always goes back and corrects the moral hazards they create. don't you get it? moral hazard is the MOST important thing to correct because once the crisis is past, even more excesses are layered upon the old ones leading to more systemic risk. eventually it...

curious, why not?

XOM EBIT margins have averaged about 11% over the last 10 yrs but wait... CSCO has averaged about 23% EBIT marging and MCD has averaged north of 20%, etc., etc. Obama has exactly the right idea. Let's tax all these windfall gains.