Thanks for the article and congrats to whoever found the error. One should always be responsible for their work and own up to misdeeds. I wonder if this was a lie to please the powers that be. It would be worse if it was disclosed to make someone money. It should be looked into because the report passed many people's eyes before publishing.

Sadly, as people can see from the graphs, the forecast and real trend is downwards, not upwards. I suppose that's good for those watching the Federal Reserve hoping they won't raise rates or cut QE too much or too fast. And sadly, that's what the market and people have been programmed to watch, not the fundamental market indicators or any capitalistic indicators since they have been hijacked so long by Federal Reserve manipulation. It will be a big shock when this formula stops working.

"As we have written for some time, investors will not tolerate huge cash flow losses forever." Sadly #Netflix and others have so far proven this thesis incorrect. I do however agree that they should not. The simple fact is, although the stock price rises, their model is becoming more unsustainable, not less. $NFLX

The issue isn't the contract price but something more insidious, the creation of mass unbacked contracts which suppress the price of silver through the creation of more and more paper silver to consume the money flowing into it, thus depressing the price through inflation the way money is devalued by excess creation of it. This is something not discussed or covered in his article, although there is some semblance of balance between buyers and sellers with the assumption there is a massive amount of contracts flooding the market at all times.

#Google doesn't have a lot of drivers to get itself out of the range it is in, although over time if their earnings grow they will move up on value versus their peers. I think changing their name to Alphabet was a dumb move although hopefully over time the founders will lose more control over Google and the money losing playground will disappear which will be good for shareholders. I'd buy Google if all it did was search, their phone technology, and android.

Good assessment. #Oil prices have been lurching forward. I also don't expect a big jump up, however, neither do I expect them to fall off a cliff. The main issue remains, when will those pumping at a loss at these prices get their credit cut and go home. And when will those supplying equipment and loans stop because it is economically bad to throw good money after bad. I suspect more sane and rational big oil companies will buy them up at pennies on the dollar. When you see that you know the downside games will no longer work.

LOL, Greenspan was the creators of irrational exuberance by his own actions. America suffered from it and then embraced the answer, even more of the same socialistic command economy in the form of zirp rates and QE. The Communists would be proud saying capitalism will die from within. Since when have we decided to accept a command economy with socialist monetary policy? This is the number one threat to the economy and US, not because it will crash the economy, which it will do eventually, but because it distorts economic signalling so much and distorts asset prices so badly that it is hard to fix without a catastrophic reset. In the meantime, you are increasingly stuck with an economy that doesn't work and asset prices will eventually lead to valuations that make little sense and lots of danger, however, you can't avoid not buying them because you can't make any money doing anything else. Salaries don't increase although things like housing expenses do. Businesses don't expand or increase capital spending because low rates encourage them to buyback stocks and pay dividends rather than grow in an economy that is not growing. In many cases they also buy out competitors to grow although the whole pie actually shrinks.

It is a dark world getting darker every day Yellen and socialist machinations dominate our monetary policy. That said, the stock market will do fine for now. It takes a lot to kill American capitalism. Good businesses are still surviving and profitable. It is just a sad and tiring fight right now.

The real correction happens when housing prices fall. What needs to happen is corporations realizing buying up housing and renting it out at astronomic prices isn't working anymore, borrowing more than you can afford and hoping housing prices rise faster so you can refinance your way out of the situation doesn't work anymore, and buying housing and sitting on it as people go homeless for capital gains as you gamble prices will rise from your activity doesn't work anymore. In order for this to happen generally interest rates move up and demand drops giving mass accumulators drops in revenue and asset prices at the same time. A double whammy and a triple if they must pay higher interest rates to boot.

This is a normal cycle and one reason why you don't want rates too low for too long. If you think stocks are overvalued you should be worried about your real estate holdings more. Because rates have been too low for too long and have been that way so long the pain from them rising will be extreme and the benefits for low rates have already been used making the economy rather dead and lifeless just like what happened to Japan for decades after they embraced low rates and QE. It makes more problems than it solves because it undermines capitalist signaling in hope to cure the business cycle. The cycle is one and the same as capitalism. A economy without a cycle is a socialized mess or in the process of becoming one.

It is true one must understand more than this to understand taxation. However, the curve itself is not to blame for this. It is there to show that increasing taxes after a certain point is self defeating at some point.

The other point is cutting taxes and increasing revenue is not always at odds although its counter intuitive. Money supply is not a fixed amount but increases and decreases based on borrowing and economic activity which is why money is better than a fixed and stagnant thing which becomes a zero sum game.

That said, seldom does cutting taxes generate more revenue or even the same amount of revenue. The issue is that government overspends regardless and can't seem to cut its expenses to save its life. This debt spending greatly increases money supply and should also be factored into any economic picture.

Well said. Blackberry is far from going under thus justifying its share price. However, cash doesn't last forever. Blackberry must find a niche and grow while it has the chance. If it doesn't it will loose due to lack of economies of scale to its rivals.