(01-30-2013 10:29 PM)Tom in Lazybrook Wrote:  No it doesn't mean every investment in Turkey is bad. My point is that after a 40 percent run up in price, the gain in the economy is likely already priced into most of the stocks. Now, there may be individual plays, but in general, Turkey from my standpoint has already had its run.

C'mon Tom. Comments like these aren't even part of the discussion. I'm not arguing about Turkey.

Quote:However, contrarian funds generally or for the risk seeking. They generally require a massive investment and, more importantly, a massive commitment to that position. There are other issues as well, such as liquidity. Obviously, if you are Jim Chanos, you might have a research desk looking for problems. I don't presume to have that kind of research behind my investing.

There are contrarian dow funds that probably have a lower beta than anything you've mentioned, and involve no research whatsoever... just pick the 3 or 5 or 10 worst performers from the last "period" and buy them. The return on these funds is generally in the double digits... and MOST of them have a $2,000 minimum purchase for an IRA, and I've seen some for as little as $100. I honestly don't know where you get this information.

Quote:However, contarian investing is generally foolish for the vast majority of investors. Generally, one should wait for the stock to start trending the other direction before joining in. Its unlikely that any individual investor, without extraordinary knowledge, will be able to beat the collective wisdom of the institutional investors, who are quite sophisticated in their research. When I worked on a commodities trading desk, I remember the signs on the spec traders desks. "Rule one - Always trade with the trend Exceptions to Rule One - None".

That's a traders rule... not an investors rule. Investors rule is it is time in the market, and not timing the market. Look at the number of "value" funds in the market. If they didn't have good returns, they wouldn't have them... and "value" generally means "beaten up". "Traders" generally pay 36% on their gains, while "investors" generally pay 15%. An investor can be pretty wrong and STILL make money. A trader cannot.

Quote:My point about your Brazil or India examples, was that both those countries have higher regulations and taxes (as well as higher 'hidden taxes' in the form of economic inefficiences and poor infrastructure).

Once again, immaterial to the conversation. This is a political board, not a stock-picking board. If I can set up a legal research center in Mumbai for $25/hr as opposed to $125 in the US, then I don't really care that their water is dirty and their streets torn up. I don't even care if their taxes are higher... so long as the product is good and at the end of the day, costs me less

Quote:And my point stands. I've personally looked at investment opportunities in other economies in the general sense, and I find that Obama's America still manages to be the overall best place to invest the vast majority of my money. That's the larger point. If Obama is so bad as a steward of the economy, then what other economy is doing any better?

Interesting how low your measure of success and how little significance you place on the significance of America in the global economy. If that's what you believe, then fine. There's no point in arguing with the willfully blind. I measure things by whether I got what I was promised, or what I see that could be fixed.

Quote:Now there might be others who are willing to accept higher risks, but the US economy still has better liquidity, lower risks (market, governmental, etc.) for the return being generated from my perspective.

Who said it wasn't? It should be obvious (as this is the third time I've said it) that you aren't the investor I'm talking about. I'm talking about a global company or investor making a decision to expand its markets... and not a typical US individual investor.

COncentrating risks is not how you reduce them... but it IS how you make fortunes.

I spent 25 years advising Institutional investors including banks, insurance companies, pension funds, trust companies and hedge funds. I suspect you are a customer of one of those. I was a commodities principal and traded a $100mm portfolio.

(01-30-2013 05:30 PM)Tom in Lazybrook Wrote:  

(01-30-2013 05:07 PM)mturn017 Wrote:  

(01-30-2013 04:46 PM)Ninerfan1 Wrote:  

(01-30-2013 01:53 PM)RobertN Wrote:  

(01-30-2013 01:42 PM)Ninerfan1 Wrote:  Exhibit A of you being stupid.

Please edumacate this stupid person.

A small business is usually any business that employes less than 500 people. That means if Tom runs TIL CPA services where his only employees are himself and an assistant, then the rise in payroll taxes and income tax rate isn't really going to make a ton of difference as far as employment.

Now over 3 million small businesses employ between 10 and 500 people. And a rise in the payroll tax and income tax rate likely will have a much bigger impact to their wallet than it will to Tom's. Hence his situation isn't indicative of most small businesses. That is why I asked.

The payroll tax increases are for the employee portion only so that's not going to effect a businesses bottom line and trhe income tax increases are just for individuals so there again not really gonna effect businesses. There will be an effect to business owners if you make a certain amount of income. So basically for these increases to effect employment levels a business owner has to say to himself I'm not going to hire someone else or I'm going to fire someone because the few percentage points more that I'm paying in taxes puts too much burden on my personal income so I"m going to try to make up for it this way which someone might. But typically if you have the business capacity for that employee then you want them there because they allow you to do more business thus making more money. Personally I don't see these tax increases having a large impct on employment levels. Obamacare on the other hand, you'll see some direct impact. And Obamacare considers a small business under 50 emlpoyees.

I have 3 employees and will probably add 2 more this year.

So you're saying the US workforce will grow by 66%?.... Oh you're not an example of the national economy at large...

The administrations ideas seemed to be to spend money to keep things as normal as possible and hope that something happened.
They also seemed to have made excessive grants and loans to businesses their political friends owned, many to green companies, much of which did nothing except line the pockets of their friends. They also decided to ignore the laws they do not like and lecture the country about getting along, which in their minds is doing whatever they want.

(01-30-2013 05:29 PM)Tom in Lazybrook Wrote:  Cuban healthcare = US healthcare.

That has to be one of the dumbess f'n posts I've ever seen in the Spin Room.

(01-30-2013 01:03 PM)Ninerfan1 Wrote:  

(01-30-2013 12:59 PM)RobertN Wrote:  

(01-30-2013 12:34 PM)Ninerfan1 Wrote:  I like Cuba as well. The moment Fidel kicks the bucket I predict it will explode economically. Within a decade it will be a tourist and health care destination.

Interesting. You guys bash Cuban healthcare but somehow if Fidel leaves it will become a healthcare destination.

Who has bashed Cuban healthcare fool? Provide evidence please.

KitCat defended Cuban health care in discussions about 10 years ago.

He now posts under the name Louis Kitton.

He's like the Robert of the MAC board...fortunately Robert doesn't post much there.

(01-31-2013 10:22 AM)DrTorch Wrote:  

(01-30-2013 01:03 PM)Ninerfan1 Wrote:  

(01-30-2013 12:59 PM)RobertN Wrote:  

(01-30-2013 12:34 PM)Ninerfan1 Wrote:  I like Cuba as well. The moment Fidel kicks the bucket I predict it will explode economically. Within a decade it will be a tourist and health care destination.

Interesting. You guys bash Cuban healthcare but somehow if Fidel leaves it will become a healthcare destination.

Who has bashed Cuban healthcare fool? Provide evidence please.

KitCat defended Cuban health care in discussions about 10 years ago.

He now posts under the name Louis Kitton.

He's like the Robert of the MAC board...fortunately Robert doesn't post much there.

To be clear I wasn't saying Cuban healthcare was great. Far from it. I'm just sick of Robert injecting crap into every discussion.

The reason why I believe it will be a healthcare destination about a decade or so after Fidel dies is, as TIL point out, their doctor's are excellent but their access to medicine and other medical necessities is limited. When the trade embargo is lifted you will see that change dramatically. The US will become probably the biggest trading partner with Cuba. You'll see a huge swath of outside investment, expecially from hotels down there. If gambling is legal there will be casinos everywhere. Havanna was the place to be before the revolution. It would get back to that very quickly given the weather and how cheap it will be to build there.

(01-31-2013 09:24 AM)Rebel Wrote:  

(01-30-2013 05:29 PM)Tom in Lazybrook Wrote:  Cuban healthcare = US healthcare.

That has to be one of the dumbess f'n posts I've ever seen in the Spin Room.

Anything you'd like to back that comment up with?

Seriously, for persons without median income resources, where are they going to get the ability to pay for health care.

In Cuba, there are lots of primary care physicians. But good luck seeing them in a non-emergency unless you bribe them. In the US, good luck getting a doctor for a non-emergency unless you pay them. In both nations, its quite difficult for the poor to afford primary health care.

In Cuba, prescription medication is frequently out of the reach of poor persons, who must pay for said medication. In the USA, its the same.

The emergency room exemption doesn't work for many preventative care options in either nation and in the US, doesn't work for many life saving care needs (emergency rooms don't do chemo - for example).

So the USA has a great medical system, if you have the money for it. In Cuba, they have a lot of doctors (and some good hospitals for those who can afford to tip their providers and buy the medicine). But there are massive gaps in both systems.

(01-31-2013 10:41 AM)Tom in Lazybrook Wrote:  

(01-31-2013 09:24 AM)Rebel Wrote:  

(01-30-2013 05:29 PM)Tom in Lazybrook Wrote:  Cuban healthcare = US healthcare.

That has to be one of the dumbess f'n posts I've ever seen in the Spin Room.

Anything you'd like to back that comment up with?

Seriously, for persons without median income resources, where are they going to get the ability to pay for health care.

In Cuba, there are lots of primary care physicians. But good luck seeing them in a non-emergency unless you bribe them. In the US, good luck getting a doctor for a non-emergency unless you pay them. In both nations, its quite difficult for the poor to afford primary health care.

In Cuba, prescription medication is frequently out of the reach of poor persons, who must pay for said medication. In the USA, its the same.

The emergency room exemption doesn't work for many preventative care options in either nation and in the US, doesn't work for many life saving care needs (emergency rooms don't do chemo - for example).

So the USA has a great medical system, if you have the money for it. In Cuba, they have a lot of doctors (and some good hospitals for those who can afford to tip their providers and buy the medicine). But there are massive gaps in both systems.

Again, total BS. No one can be turned away from an emergency room here, poor people have medicaid, old people have medicare, and it's funny that all these poor people in this nation seem to be eating a helluva lot better than I am. As for "median" income, I'm assuming you're referring to middle class? I don't know too many middle class people that don't have health insurance. If they don't, they, too, can't be turned down from the ER. Seriously, anyone that claims our healthcare system=Cuba's healthcare system must have a SERIOUS hatred of this nation. Need a one-way ticket? I'll gladly get you one with my Skymiles. Only stipulation is you must renounce. Game?

As for Cuba's "healthcare":

http://therealcuba.com/Page10.htm

That site was created by a Cuban that actually knows something about Cuba. Not some limousine liberal who's never been, yet tries to champion all things Socialist while living in the greatest nation on earth.

(01-31-2013 10:38 AM)Ninerfan1 Wrote:  

(01-31-2013 10:22 AM)DrTorch Wrote:  

(01-30-2013 01:03 PM)Ninerfan1 Wrote:  

(01-30-2013 12:59 PM)RobertN Wrote:  

(01-30-2013 12:34 PM)Ninerfan1 Wrote:  I like Cuba as well. The moment Fidel kicks the bucket I predict it will explode economically. Within a decade it will be a tourist and health care destination.

Interesting. You guys bash Cuban healthcare but somehow if Fidel leaves it will become a healthcare destination.

Who has bashed Cuban healthcare fool? Provide evidence please.

KitCat defended Cuban health care in discussions about 10 years ago.

He now posts under the name Louis Kitton.

He's like the Robert of the MAC board...fortunately Robert doesn't post much there.

To be clear I wasn't saying Cuban healthcare was great. Far from it. I'm just sick of Robert injecting crap into every discussion.

The reason why I believe it will be a healthcare destination about a decade or so after Fidel dies is, as TIL point out, their doctor's are excellent but their access to medicine and other medical necessities is limited. When the trade embargo is lifted you will see that change dramatically. The US will become probably the biggest trading partner with Cuba. You'll see a huge swath of outside investment, expecially from hotels down there. If gambling is legal there will be casinos everywhere. Havanna was the place to be before the revolution. It would get back to that very quickly given the weather and how cheap it will be to build there.

Cuba, after the regime falls, will not necessarily be a major healthcare destination. There will be a giant sucking sound as thousands of Cuban doctors try to emigrate to the USA en masse (which even as the US will get rid of the automatic asylum rights for Cubans, will not get rid of the ability of doctors, especially primary care physicians, to get a H1B). There may be some medical tourism, but it won't be as big of a deal as you might think. For the record, the US embargo against Cuba does not cover medicine or medical technology.

The US will become the largest trading partner with Cuba. Geography trumps in the long run. It will take a while for that change to take place, as European/Latin American/Asian firms have a 50 year head start on US firms though. Don't expect Wal-Marts to proliferate immediately.

There will be a lot of hotels built in Cuba. Cuba doesn't have enough hotels to meet demand now, much less without the US travel restrictions. However, I think there will be a pricing issue, much like with US travel to Mexico (but on hotels in Cuba versus airfare in the US). Its 200 bucks more for me to fly to South Africa from Houston than Puerto Vallarta. India? That'll be 250 bucks more please. I can fly to Europe cheaper than I can fly to Mexico. So, at least in the short run, Cuba will remain a high cost destination for Americans.

In the short run, it will probably be much more expensive to build in Cuba after the regime falls. Sure, labor will be cheap, but you still need a construction infrastructure. And while Cuba has one currently (those hotels in Veradero didn't build themselves) that infrastructure will be in chaos after the regime changes.

Gambling will probably never return to Cuba. There are real issues that Cubans have related to the Batista era that gambling has been wrapped up in.

One thing that wont happen is that Cuban exiles will not get their property back (which is going to cause some issues in Miami). And. the new Cuban leaders will come from Cuba, not from the Cuban American National Foundation.

Havana will become a major tourist destination after the regime falls. But there are serious infrastructure issues (such as transport,hotels, roads, etc.) that will cause that to be a bit of an issue. The city may have to prioritize housing for the population (which has been crumbling for 50 years) as more Cubans decided to move there as well.

(01-31-2013 10:49 AM)Rebel Wrote:  

(01-31-2013 10:41 AM)Tom in Lazybrook Wrote:  

(01-31-2013 09:24 AM)Rebel Wrote:  

(01-30-2013 05:29 PM)Tom in Lazybrook Wrote:  Cuban healthcare = US healthcare.

That has to be one of the dumbess f'n posts I've ever seen in the Spin Room.

Anything you'd like to back that comment up with?

Seriously, for persons without median income resources, where are they going to get the ability to pay for health care.

In Cuba, there are lots of primary care physicians. But good luck seeing them in a non-emergency unless you bribe them. In the US, good luck getting a doctor for a non-emergency unless you pay them. In both nations, its quite difficult for the poor to afford primary health care.

In Cuba, prescription medication is frequently out of the reach of poor persons, who must pay for said medication. In the USA, its the same.

The emergency room exemption doesn't work for many preventative care options in either nation and in the US, doesn't work for many life saving care needs (emergency rooms don't do chemo - for example).

So the USA has a great medical system, if you have the money for it. In Cuba, they have a lot of doctors (and some good hospitals for those who can afford to tip their providers and buy the medicine). But there are massive gaps in both systems.

Again, total BS. No one can be turned away from an emergency room here, poor people have medicaid, old people have medicare, and it's funny that all these poor people in this nation seem to be eating a helluva lot better than I am. As for "median" income, I'm assuming you're referring to middle class? I don't know too many middle class people that don't have health insurance. If they don't, they, too, can't be turned down from the ER. Seriously, anyone that claims our healthcare system=Cuba's healthcare system must have a SERIOUS hatred of this nation. Need a one-way ticket? I'll gladly get you one with my Skymiles. Only stipulation is you must renounce. Game?

As for Cuba's "healthcare":

http://therealcuba.com/Page10.htm

That site was created by a Cuban that actually knows something about Cuba. Not some limousine liberal who's never been, yet tries to champion all things Socialist while living in the greatest nation on earth.

I didn't know that I can get chemo at the emergency room. I call BS on the emergency room loophole.

Uh, I've been to Cuba. Legally. And if you look at my postings on this thread, you'll see that I'm very critical of the Cuban healthcare system. And I'm very critical of Cuba.

50 million Americans have no health care insurance (no private insuarance, no medicare, no medicaid), and therefore very limited access to health care in the USA. Obamacare is trying to resolve some of it, but its still not perfect.

Delta doesn't fly to Cuba. I've been. I didn't like it. I also lived in Venezuela. Didn't like it either. I'm an American and a Texan and see no reason to change where I live. I certainly will advocate for changes to where I live.

(01-31-2013 10:55 AM)Tom in Lazybrook Wrote:  Cuba, after the regime falls, will not necessarily be a major healthcare destination. There will be a giant sucking sound as thousands of Cuban doctors try to emigrate to the USA en masse (which even as the US will get rid of the automatic asylum rights for Cubans, will not get rid of the ability of doctors, especially primary care physicians, to get a H1B).

I don't know that I agree with this. Many Cubans are very loyal to their country. If things are getting better, I believe they will want to stay.

Quote: For the record, the US embargo against Cuba does not cover medicine or medical technology.

No but it covers a vast number of things that are needed to bring money into an economy and thus provide capital to purchase medicine. Right now they have to focus on buying things like food.

Quote:The US will become the largest trading partner with Cuba. Geography trumps in the long run. It will take a while for that change to take place, as European/Latin American/Asian firms have a 50 year head start on US firms though. Don't expect Wal-Marts to proliferate immediately.

I don't. I expect them to need US steel, fiber optic cable and other infrastructure as they rebuild a country that for all intents and purposes is still stuck in the 1950's.

Quote:I can fly to Europe cheaper than I can fly to Mexico. So, at least in the short run, Cuba will remain a high cost destination for Americans.

Keep in mind Cuba is 90 minutes from Miami. I would imagine you'll see sea travel options spring up for people to take a 2 hour boat ride.

Like I said, it will take a decade or so.

(01-31-2013 10:57 AM)Tom in Lazybrook Wrote:  50 million Americans have no health care insurance (no private insuarance, no medicare, no medicaid), and therefore very limited access to health care in the USA. Obamacare is trying to resolve some of it, but its still not perfect.

Sorry if I don't buy that argument. It's akin to saying it's a travesty because most New Yorkers on Manhattan Island don't have a car. How many of that 50 million (which I also find a little suspicious as well), are young adults who are "invincible" and would rather spend that extra money at the club? How many are rich that just pay their own way? If that was such an issue, you'd be able to find a MASSIVE amount of stories about people dying because they didn't have insurance; not these onesies and twosies you Progs like to trot out.

(01-31-2013 11:34 AM)Ninerfan1 Wrote:  

(01-31-2013 10:55 AM)Tom in Lazybrook Wrote:  Cuba, after the regime falls, will not necessarily be a major healthcare destination. There will be a giant sucking sound as thousands of Cuban doctors try to emigrate to the USA en masse (which even as the US will get rid of the automatic asylum rights for Cubans, will not get rid of the ability of doctors, especially primary care physicians, to get a H1B).

I don't know that I agree with this. Many Cubans are very loyal to their country. If things are getting better, I believe they will want to stay.

Quote: For the record, the US embargo against Cuba does not cover medicine or medical technology.

No but it covers a vast number of things that are needed to bring money into an economy and thus provide capital to purchase medicine. Right now they have to focus on buying things like food.

Quote:The US will become the largest trading partner with Cuba. Geography trumps in the long run. It will take a while for that change to take place, as European/Latin American/Asian firms have a 50 year head start on US firms though. Don't expect Wal-Marts to proliferate immediately.

I don't. I expect them to need US steel, fiber optic cable and other infrastructure as they rebuild a country that for all intents and purposes is still stuck in the 1950's.

Quote:I can fly to Europe cheaper than I can fly to Mexico. So, at least in the short run, Cuba will remain a high cost destination for Americans.

Keep in mind Cuba is 90 minutes from Miami. I would imagine you'll see sea travel options spring up for people to take a 2 hour boat ride.

Like I said, it will take a decade or so.

I think that for Cuba, airfare isn't going to be the problem, its going to be hotel rooms. My guess is that the first type of explosion will be for cruises that stop in Cuba.

(01-31-2013 10:38 AM)Ninerfan1 Wrote:  

(01-31-2013 10:22 AM)DrTorch Wrote:  

(01-30-2013 01:03 PM)Ninerfan1 Wrote:  

(01-30-2013 12:59 PM)RobertN Wrote:  

(01-30-2013 12:34 PM)Ninerfan1 Wrote:  I like Cuba as well. The moment Fidel kicks the bucket I predict it will explode economically. Within a decade it will be a tourist and health care destination.

Interesting. You guys bash Cuban healthcare but somehow if Fidel leaves it will become a healthcare destination.

Who has bashed Cuban healthcare fool? Provide evidence please.

KitCat defended Cuban health care in discussions about 10 years ago.

He now posts under the name Louis Kitton.

He's like the Robert of the MAC board...fortunately Robert doesn't post much there.

To be clear I wasn't saying Cuban healthcare was great. Far from it. I'm just sick of Robert injecting crap into every discussion.

I understand. Just letting lazy tom know that he's welcome to research the topic further.

Quote:The reason why I believe it will be a healthcare destination about a decade or so after Fidel dies is, as TIL point out, their doctor's are excellent but their access to medicine and other medical necessities is limited. When the trade embargo is lifted you will see that change dramatically. The US will become probably the biggest trading partner with Cuba. You'll see a huge swath of outside investment, expecially from hotels down there. If gambling is legal there will be casinos everywhere. Havanna was the place to be before the revolution. It would get back to that very quickly given the weather and how cheap it will be to build there.

Excellent doctors or not, medical tourism is big and will get bigger. Cuba's proximity will make it very popular. And yeah, Havanna was the happening place...will pop up right there again.

(01-31-2013 12:25 PM)Tom in Lazybrook Wrote:  I think that for Cuba, airfare isn't going to be the problem, its going to be hotel rooms. My guess is that the first type of explosion will be for cruises that stop in Cuba.

Agreed, but with a twist. Airfare will be a bit of an issue because of limited airlift. The moment it appears that the embargo will be lifted, there will be massive investment in hotels and airstrips. I suspect most of those plans already exist. Las Vegas will invest HEAVILY as they did before. In 6 mos to a year, things will be much better, and in 2-3, It will be among the most popular Islands in the Carribean for tourists. Canadians travel there for vacation pretty extensively, so they're used to North American tourists... just not as many. You're right. Cruise ships from Florida will be VERY popular in Cuba and their small outlying islands.

Cubas medicine is probably better/safer than Mexico, and obviously cheaper than the US, but they may lose many doctors to the US.

(01-31-2013 12:25 PM)Tom in Lazybrook Wrote:  I think that for Cuba, airfare isn't going to be the problem, its going to be hotel rooms. My guess is that the first type of explosion will be for cruises that stop in Cuba.

If they have old buildings that are still structurally sound, I can see many getting refurbed. I've been to this hotel back in the 80's when it was nothing but a hull that was filled with homeless hobos:

http://en.wikipedia.org/wiki/King_Edward...MS,_USA%29

It's beautiful now. Some of the pics of what it looked like in the 80's are in this link:

http://images.search.yahoo.com/search/im...r2=piv-web

(01-31-2013 01:21 PM)Hambone10 Wrote:  

(01-31-2013 12:25 PM)Tom in Lazybrook Wrote:  I think that for Cuba, airfare isn't going to be the problem, its going to be hotel rooms. My guess is that the first type of explosion will be for cruises that stop in Cuba.

Agreed, but with a twist. Airfare will be a bit of an issue because of limited airlift. The moment it appears that the embargo will be lifted, there will be massive investment in hotels and airstrips. I suspect most of those plans already exist. Las Vegas will invest HEAVILY as they did before. In 6 mos to a year, things will be much better, and in 2-3, It will be among the most popular Islands in the Carribean for tourists. Canadians travel there for vacation pretty extensively, so they're used to North American tourists... just not as many. You're right. Cruise ships from Florida will be VERY popular in Cuba and their small outlying islands.

Cubas medicine is probably better/safer than Mexico, and obviously cheaper than the US, but they may lose many doctors to the US.

I think that gaming might not be welcome back in Cuba.

(01-31-2013 01:29 PM)Tom in Lazybrook Wrote:  I think that gaming might not be welcome back in Cuba.

That would make a difference, but there would still be massive investment... Just Hilton and Superclubs rather than Bellagio and Wynn.

I've seen reports both ways. You're certainly right at first, and then it remains to be seen if they can be "bought". They'll probably do what other places do and allow it on some of their smaller islands so they can claim to still hold to the ideals, while selling out anyway... but tht's another discussion.

This just in: The economy is God's fault, per King Obama

http://news.yahoo.com/blogs/ticket/white...itics.html

Quote: The White House on Wednesday blamed the devastation from Superstorm Sandy and disruptions from deep scheduled spending cuts for the surprise 0.1 percent drop in gross domestic product (GDP) in the fourth quarter of 2012. It was the first such contraction since early 2009 when the country was in the grips of the Great Recession.

The chairman of President Barack Obama’s Council of Economic Advisers, Alan Krueger, said in a post on the official White House blog that the bad news came “amid signs that Hurricane Sandy disrupted economic activity and Federal defense spending declined precipitously, likely due to uncertainty stemming from the sequester.”

What a bunch of jack wagons.

I thought Keynesians believed that natural disasters stimulate the economy? I guess Sandy "wasn't big enough."