I know WVH will call me an idiot, but here goes...
Sorry, WVH, but your stats mean nothing without a comparison of the value of posting in the BB vs posting in the cutoff. Of course the blinds always lose money, but to everyone who says that you should never post early, please answer this: Suppose you could play at a table where you alone could post your blinds in the dealer and cutoff position while everyone else had to post their blinds as usual. Would you play at that table? Don't you think that having position in the blinds would make a big difference in your return?
Now check the numbers. If you post as usual at a full ring, you're paying 1.5 BB to see 9 hands. This is exactly the same price per hand if you post 1 BB in the cutoff to see 6 hands. So if you're paying the same price/hand, wouldn't you rather have that money on the table in the cutoff?
I don't believe any of the crap about when I post affecting my cards, and I would never post after the cutoff, but if it was practical for me to just post 1 BB from the cutoff each round and skip the blinds and the button, I suspect it might be worth it. Yes, you're missing out on the most profitable position, but you're also skipping the two least profitable positions. If anyone wants to refute this with some real stats, I'll be happy to reconsider, but in order to do that they'd need to have played a lot of hands where they posted in the cutoff, and if they're already doing that, then they probably don't disagree with me.