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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (89780)	2/22/2001 10:36:03 AM
From: ild	Respond to of 132070

KT, Are you buying more SFE today?

To: Knighty Tin who wrote (89780)	2/22/2001 10:36:57 AM
From: HandsOn	Respond to of 132070

Just got some more PTEK after reading 8k out Yesterday at Yahoo board.

To: Knighty Tin who wrote (89780)	2/22/2001 11:38:54 AM
From: Micawber	Respond to of 132070

MB: With this bear market firmly entrenched, and predictions here that this will be the worse economic hangover since the 30's, it seems to me to be a terrible time to get into brokerage. What are you selling if no one is buying?

To: Knighty Tin who wrote (89780)	2/22/2001 11:55:53 AM
From: HandsOn	Respond to of 132070

LUMT looks good here, someone has been buying 10k blocks this wek so as not to spike the price. Nice shake on PTEK Today.

To: Knighty Tin who wrote (89780)	2/22/2001 12:52:36 PM
From: TRINDY	Read Replies (1) \| Respond to of 132070

Mike, It is, indeed, interesting to see much higher inflation numbers come out of the BLS. Makes me concerned that there truly is manipulation of the inflation numbers. I sure hope not, but these recent high PPI and CPI numbers conform with my suspicions that Bush wants his recession over early. Didn't think I would ever see a pres flirting with self-fulfilling prophecy. Well, I have now. My main reason for writing relates to Fleck. I'm considering subscribing to his service once he leaves SI. He is making extremely bearish "ain't seen nothing yet" statements. I have been reading him for over two years now. All the while he has been bearish and he tends to offer extremely bearish links, as well. What probability do you place on Fleck's viewpoint materializing? This would be a time like the '73-'75 recessionary period when no one wanted stocks or wanted even to talk about stocks and PE's were in the low teens. TIA

To: Knighty Tin who wrote (89780)	2/22/2001 1:17:08 PM
From: Les H	Respond to of 132070

My years at the BLS lewrockwell.com While energy, food and housing have all gone up, the fastest - rising element in our cost of living is never mentioned: our tax bill. Taxes are not mentioned in monthly Consumer Price Index announcements from the Bureau of Labor Statistics. Medical expenses are 10.8 percent of income of the median two-earner family, according to the Tax Foundation. Transportation accounts for 6.9 percent, clothing 3.9 percent, and food 8.9 percent. Federal taxes, meanwhile, (including income, employment and other) consume 25.9 percent, while state and local taxes eat up 13.1 percent. That means that for a median two-earner family, taxes take 39 percent of income. Whether one compares the periods 1955 to 1975, 1975 to 1995 or 1995 to 1998, the total burden of federal taxes for the median family has risen faster than the Consumer Price Index, and, more important, faster than income. While the income tax burden has basically kept pace with the rise in income over the last 43 years, the rise in the employment tax has been much faster than the increase in income or inflation. The BLS stopped reporting the tax information several years ago, saying it was too expensive to do so. Source: Scott Burns, "CPI Curiously Ignores Effect of Rising Taxes," Dallas Morning News, November 19, 2000. ------------------------------------ "The rise in the employment tax has been much faster than the increase in income or inflation." That's the FICA tax, which funds the Social Security Administration and the benefits it provides. And there is every reason to believe, unless the grossly unfair funding mechanism is reformed, that in the future the FICA tax will continue to rise faster than income or inflation. Already, working poor families pay more in FICA tax than they do in income tax, and that situation will only get worse in the future.

To: Knighty Tin who wrote (89780)	2/22/2001 2:15:42 PM
From: Knighty Tin	Read Replies (11) \| Respond to of 132070

To All, I am signed, sealed but not delivered until March 16. I have now ended my investment comments on the Net, at least until the law or the firm culture is changed. For those who wrote me investment questions today, sorry, but I am now a clam. Anything I said might be construed as solicitation and now that I'm a working girl, the high sheriff will be paying attention. <VBG> I will still post on any number of subjects, but not in areas where I know anything. Of course, that has never stopped me before. <g> I will be working exactly 6 floors above my old office at American Capital, in Williams Tower. I am very excited about the new adventure. For those who drift away or don't care about non-financial comments, it has been great meeting and exchanging notes with you. For those who want to suffer the hodge-podge, we can see if this creaky old thread can stay in bizwaks.