JeffLee's past comments

  • 0

    JeffLee

    Softbank demanded to see my visa, after I had already been a customer for 10 years. Later, when I wanted a new handset, I was refused because my visa only had a year left on it.

    I'm no fan of Beijing, but come on, they are dealing with militant Muslims, who have been killing innocent civilians quite often.

    Posted in: China to curb phone, computer purchases in restive Xinjiang

  • 0

    JeffLee

    "The reason they hold loads of cash is because of a lack of attractive investment opportunities"

    Errr, right. The fact that corporate profit margins are near record highs has nothing to do with their ability to collect more cash than they know what to with?

    And if you can reconcile record-high corporate profitability with a "lack of attractive investment opportunities," then I'd like to know what kind of narcotics you're smoking.

    Posted in: Japan retail sales rise for 6th straight month in sign of recovery

  • 0

    JeffLee

    "The headline does not say "year on year", does it? It says sales have increased "for the sixth straight month". Right?"

    It seems you're not so familiar with the reporting of economic data. Most stats like these are year on year, by default, and so aren't specified in the headline or lead. However, the measurement standard should be mentioned at least once, which it is

    "Year-on-year growth in retail sales eased...".

    I know this, because I used to write such items for a living for a news service. Year on year tends to show more substantial trends than month to month.

    Any more questions? Ask the doc!

    Posted in: Japan retail sales rise for 6th straight month in sign of recovery

  • 0

    JeffLee

    "I guess people can read the figures how they like."

    No. One set of stats is year to year, another for month to month. One needs to recognize the difference in order to interpret articles like this.

    Posted in: Japan retail sales rise for 6th straight month in sign of recovery

  • -1

    JeffLee

    "The fact that QE was rolled out 3 times in the USA before they observed any decent growth....

    If a policy is going to help fix the worst economic disaster in living memory, it better do it damn quickly!!!, Like a few weeks, eh? LOL. Also note the lack of any repercussions, like hyperinflation or currency depreciation, like your ilk (the "e-wrongimists") told us would happen. And the policiy DID succeed, with the USA now pulling ahead and decoupling from the other economic powers. Much to the disgust of US conservatives and Obama-Yellen haters.

    Just look at the Europeans, who haven't had any QE in that time.They're still living in 2008. LOL.

    "There isn't a correlation between decent growth and QE."

    For developed countries "decent growth" is history. We can thank globalization, and free trade and free market policies, which put growth in China and other emergers first. Here's your "correlation" -- Ever since the above trends became a part of our economic life, our own countries have slowed, stagnated, declined and managed only modest pick ups. Oh, and our real wages have fallen. Yep, a winning strategy.

    Posted in: ECB unleashes its most aggressive effort to revive economy

  • -1

    JeffLee

    "The Japanese economy is still in the dumps, despite three years of QE."

    That's because of the consumption tax hike, a separate policy. The economy started to recovery by 2013. In the US, three rounds of QE helped the American economy to bounce back and grow again.

    but, what about small business, and start-ups-firms that don't necessarily have a huge number of bonds?

    Their cost of borrowing is lowered, a crucial factor, especially for start-ups.

    "What about working people who struggle to meet rising costs with stagnant salaries, low pay increments, and excessive taxes on their income?"

    The cost of their mortgages - typically the highest financial burden for middle class households -- is lowered thanks to low int. rates.

    "Printing money just devalues the currency"

    QE is not "printing money." Japan has engaged in QE for 15 years, and the yen has gone up, down and sideways, and even high a record-all time high.

    "It's better to apply free market solutions to economic problems than to use the kind of financial voodoo the BOJ practices."

    Japan has been engaged in free market reforms ever since the bubble burst. Guess what -- they haven't worked.Labor reforms created the "working poor" underclass, to site one of many examples.

    "Government does hinder growth through....protectionism,"

    When protectionism was in vogue, Japan's economy was a stellar performer and the envy of the world. The rot set in after the free-market reforms got under way.

    Any more questions? Ask the doc!

    Posted in: ECB unleashes its most aggressive effort to revive economy

  • 2

    JeffLee

    How come JT/Reuter's doesn't mention Hirai's first name or his position? Is this a new style rule for the Internet age?

    Posted in: Sony to cut 1,000 jobs in smartphone business

  • -2

    JeffLee

    "I don't see how buying bonds from governments, and wealthy corporations will lead to higher wages, more investment, and more discretionary income."

    Then you don'T understand how QE works. The purchases keep the interest rates low, which lowers companies' capital costs and entices institutions to put their newly acquired money into forms of investment other than safe bonds, like stocks, making it easier for listed companies to expand and invest, thereby creating more jobs. The low interest rates also lower the cost of mortgages for regular folk.

    "Politicians and governments have done more to hinder growth than spur it."

    The private sector, usually the banks, have created all the financial crises in recent times and the massive wealth destruction. They then turn to the government and central banks, which then must issue corporate bailouts and stimulus to fix the mess.

    Posted in: ECB unleashes its most aggressive effort to revive economy

  • 19

    JeffLee

    I didn't realize that so many of Japan's university professors, lawyers, teachers, and journalists are redneck nutjobs.

    Posted in: More than 8,700 people sue Asahi Shimbun over 'comfort women' stories

  • 3

    JeffLee

    do you think will it really change a lot to release one?

    It would change by the number of innocent civilians this suicide bomber would kill. Their lives are precious, too. In terms of threat to public security, willing suicide bomber are at the top of the list. Zero tolerance is the standard policy toward them.

    Posted in: Japan seeks Jordan's help in gaining hostage's release

  • 6

    JeffLee

    Freeing a suicide bomber means it's highly likely that many innocent civilians will lose their lives as a direct result of such a deal. She'll just go out to a crowded market and try it again.

    Posted in: Japan seeks Jordan's help in gaining hostage's release

  • 1

    JeffLee

    "The guy was hardly a "militant",

    He was captured in battle, while fighting on the side of the Islamic Front. He was indeed a militant.

    Posted in: Obama offers condolences to Abe over slain hostage

  • 2

    JeffLee

    Yukawa was a militant of the Islamic Front, and was captured in battle, and pretty handy firing an assault rifle, according to the videos he made. The IF aims to make sharia supreme and is anti democracy.

    Hello? These are the people we are fighting, not helping. There should be no condolences from leaders of civilized countries, just as there are no condolences when Islamist militants from the UK or France are killed over there.

    Being Japanese doesn't mean an automatic exemption.

    Posted in: Obama offers condolences to Abe over slain hostage

  • 4

    JeffLee

    Saudi Arabia should be sanctioned, not honored 1000 lashes, anyone? Any other country and it would be sanctions and diplomatic isolation. but no let's not offend the homeland of Mecca and Medina, even though the place and its dark-ages creed ought to deeply offend any reasonable person.

    Posted in: Crown prince to visit Saudi Arabia to offer condolences

  • 0

    JeffLee

    "The fact remains that Obama's strategy in Yemen has failed."

    Who exactly has ever had a "winning strategy" in that region? Britain, France, China? Bush, Nixon?

    The failure lies within the backward-looking states and local people themselves, and the dark-ages creed they subscribe to. No policies out of Washington are going to fix that

    Posted in: U.S.-led coalition hits Islamic State with 25 air strikes

  • 0

    JeffLee

    Many Americans are also now seeing higher living standards than before due to the improved economy. That's a double whammy that will entice them to higher levels of luxury and comfort that big cars provide.

    Posted in: Lower oil prices will blunt drive for fuel efficiency

  • -1

    JeffLee

    The US economy finally bounced back after 3 rounds of QE. And Japan was doing it when its economy started to recover (before the consumption tax hike ruined everything), so why not? It won't hurt.

    It's going to be a lot more complicated for the Euopeans, though owing to the complex nature of their monetary system.

    Posted in: ECB unleashes its most aggressive effort to revive economy

  • 0

    JeffLee

    "Beyond stupidity...Since interest rates are now so low, banks can't earn money on interest"

    Banks earn money on the interest rate spread -- the difference between the rate they charge and what they pay -- not on the level of interest rates. Spreads move in response to a variety of market conditions. Sorry, for reciting a "fact." Doesnt mesh well with your narrative,does it.

    QE doesnt force them to do anything. There is a range of products available at various risk levels they can spend their newly acquired cash on. Before In 2008, they willfully chose to deal in dodgy products debt backed by toxic subprime debt, causing the meltdown. And in the US, this was before any QE. So the real risk of meltdowns lies with the private sector institutions, not in central bank policy.

    "What's coming will make 2008 seem like a picnic......The wind is blowing on the house of cards."

    I've been arguing with guys over the past couple of years, and nothing -- nothing - you've ever said has come true. Mostly opposite has occurred. Like QE 1,2 and 3 debasing the dollar and Obama collapsing the economy. LOL. Everything I've predicted has been true.

    Posted in: BOJ sees growth rebounding in coming year

  • -1

    JeffLee

    " and that loose money policies have not at all helped ordinary people,"

    A couple of friends bought family homes in Tokyo recently. They are more than pleased with their minuscule interest rates on their mortgages, provided by the loose money policy.

    Only America is showing any improvement, and that is purely, 100% related to the decrease in oil prices, and not due to America's QE or stimulus programs.

    More reality distortion. The US started to pick up before the oil price plunge, which is actually quite recent. Furthermore, all industrial economies benefit from lower oil prices, Japan more than the others, since it has to import the stuff. America is hurt more, because it has a a significant oil producing industry, which is watching its profits drain away. Your ability to turn reality upside down -- and pick up "good" ratings -- is quite astounding.

    To amend my earlier statements, QE in Japan has run its course. At this point it is neither helpful nor harmful. But if we didn'T have it post-2008, the economy would have plunged into a downward spiral long ago.

    Posted in: BOJ sees growth rebounding in coming year

  • 0

    JeffLee

    What's all the hate about win 8? I'Ve been using it for about a year on both my machines, with no drama.

    Some of the apps, like one that streams free British TV in high quality video, are really good to have. Would you rather NOT have that and the other free products on the metro tiles?

    "What's more, you can't install and activate a pre-ribbon Office package any more."

    I'm running Office 2003 now. It runs fine.

    Posted in: Microsoft unveils Windows 10, HoloLens goggles

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