Comments on: Brace for Sordid Tales of Waste

By: Rick’s Picks Weekend Edition | Rick's Picks

Rick’s Picks Weekend Edition | Rick's Picks — Sat, 04 Jul 2009 00:04:10 +0000

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By: Rich

Rich — Mon, 29 Jun 2009 14:31:25 +0000

From whence, wherever, whither we come, not hard to learn MRI, although invented in USA by FONR, economic loser, another failing industry held up by guv. Of the list of MRI deep pocket companies, including GE, Hitachi, Philips, Siemens, Toshiba, most offshore. FONR fundamentals negative, while Medtronic, which owns Louisville, CO Odin subsidiary, positive, but no pure play on MRI.
Best MRI products come from ONI, private company in Wilmington, MA. Maybe govt subsidies will keep the wolf from the door a little longer, but guv funding notorious for disappearing and leaving beneficiaries stranded. And then there is the question of possible side effects: The results of some animal and cellular studies suggest the possibility that electromagnetic fields may act as co-carcinogens, leukemia or tumor promoters, but the data are inconclusive.

Enjoy your well-deserved vacation Rick.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3251493

By: gerry

gerry — Mon, 29 Jun 2009 11:56:28 +0000

Hi Rick,

Love your somewhat “black-humor” style of writing.

As for today’s content… “It’s Government as Usual”… Unintended consequences abound!!

gerry

By: cameroni

cameroni — Mon, 29 Jun 2009 09:48:13 +0000

GDP numbers need a boost. Health care is clearly the target area for those bigger numbers this next decade if we don’t get export market improvement. We won’t.

And so Boomer retirements are the excuse to leverage and utilize domestic services and technologies to generate that growth in GDP. I expect we will see a lot more stories like this as time goes by. Baffling to almost everyone and yet totally logical. This agenda based approach to building national wealth through the transfer of taxpayer funds and debt creation is a last gasp at showing economic strength while the economy actually is weakening. Stunning in its simplicity. Brilliant. Bound to fail, too.

By: Peter Orgain

Peter Orgain — Mon, 29 Jun 2009 09:45:59 +0000

Waste. While it is darkly comical, it is also an added threat to an already overloaded sinking lifeboat. Thank you for raising the subject. But will anyone of influence notice?

By: Ben

Ben — Mon, 29 Jun 2009 08:47:04 +0000

This RP article is yet another reason why I now agree with the deflationists.

If all that money is spent in such inefficient ways, then how can the economy recover enough to keep inflation rising?

But I think thats what they hope to do. Just spend on ANYTHING, and hope that those expenditues “prove” government debt is still a good buy. I mean, the Chinese are still not impressed so, gosh, look at all the wonderful spending being done (without much, if any, inflation)!

If that is what this is all about, I guess that means Obama will be getting a Nobel for solving the economic crisis, then. I just wish I knew what this meant for the gold price. I haven’t cracked that nut yet.

By: Chris T.

Chris T. — Mon, 29 Jun 2009 07:33:22 +0000

Call me a curmudgeon, but William Safire’s “On language” instilled some pet peeves into me:

It’s either:

“And whence could the revenues to pay for the bailout conceivably come,…”
or
“And where could the revenues to pay for the bailout conceivably come from,…”
(or, to please Ms. Boyle
“And from where could the revenues to pay for the bailout conceivably come,…”)

On substance, no beef–agree…
Cheers!

&&&&&

Interesting coincidence, Chris, since I had noticed this error myself about 30 seconds before reading your note. “Whence” is so rarely used correctly that I always assume readers will be jolted when someone actually gets it right.

Would you be interested in a proofreading job? As you may know, it is impossible to copy edit one’s own work effectively, particularly on a tight publishing schedule. RA