"High taxes help the richest, too" asserts Cornell economics professor Robert Frank, as the increased public spending would "produce clear gains in satisfaction for the wealthy," such as better-maintained roads. And besides, what difference does it make it if you have a home that's 15,000 square feet or one that's 10,000? [View news story]
And in his early days, Hitler was a harmless Corporal. Unfortunately, things can and do morph into something else, as well as, the best of intentions having unintended consequences.
The overall tone wreaks of "we the people in service to our government". Maybe that's how it is in Quebec and that's fine - just keep it up there. That's not how it's done in the states.
"High taxes help the richest, too" asserts Cornell economics professor Robert Frank, as the increased public spending would "produce clear gains in satisfaction for the wealthy," such as better-maintained roads. And besides, what difference does it make it if you have a home that's 15,000 square feet or one that's 10,000? [View news story]
I personally would rather fire, police, ambulance, and education be handled at community level rather than state and federal government. Get the unions out, get the government out. Nothing like doubling or tripling the cost of something just to have a bunch of middlemen imposing their opinions and trashing-up the whole system by taking God out of schools, by subordinating the American flag, by literally changing history books. The whole system at community level needs to be submerged into flea dip to rid the system of parasites.
A Dummy's Guide To The EU Crisis And Our Moral Hazard Rally [View article]
Goldstriker,
Your last statement regarding the $75,000 to each taxpayer has been my push for quite some time now. Giving money to the banks is just invested for the spread which ultimately ends up in outrageous individual bonuses; to the Solundras - that speaks for itself. Give it to the people and there would be a massive electrical jolt to this economy that would spike GDP into outer space. But what we to date have ended up with is a whopping $300 tax refund check. That barely pays my electrical bill, or it fills up my car twice. But no one listens to me.
President Obama will again outline how he will attempt to forge a lasting economic recovery in his State of the Union address on Tuesday. Obama's blueprint will be built around manufacturing, energy and education, and will reportedly include proposals to make college more affordable, address the housing crisis, and hike taxes on the rich. [View news story]
My daughter is in college. There has been exactly "0" reductions in cost or tax credits since the Obama administration took office. It only goes up. So with four years to fall back on, with the same campaign speech just reheated, what different should anyone expect?
Weighing The Week Ahead: State Of The Union, Bernanke, Earnings [View article]
Thanks NT for the insight - an ounce of good insight is worth ten pounds of TA,
It brings a smile knowing my gains since Oct are secure, and as someone said on SA a day or two ago, "I'd rather be outside the market wishing I were in, than in the market wishing I were out". That made me laugh because sometimes the truth is so evident I can't see it.
Now, to wait it out. BTW, what happened to our thread?
Weighing The Week Ahead: State Of The Union, Bernanke, Earnings [View article]
Thank you Jeff,
As usual I'll share my technical take on the markets for the week ahead.
I have been long on these markets since the October low, building positions from that date forward. I reached a point some time ago when I was 90% in. Currently, of all the technical indications I follow on the markets, several are now showing a substantially overbought condition. Last Thursday, I reduced my overall position to 10% invested. Understand I'm making trading decisions, not long term ones.
Two things I'm looking for: (1) a pullback in the major indexes to one of their moving averages be that 20, 50, 150, or 200-d; something to resolve this overbought condition. (2) A sector rotation. I do track every major sector every day.
The market can continue to go higher from here as it can stay substantially overbought for a couple of weeks. That would be an extreme as resolving overbought normally takes much less time than that.
The one index that is most interesting at the moment is the NYSE Composite, $NYA. There is a possible double-top forming with the Oct high. Should $NYA break out, I would expect a retest of resistance which would then be support. That would be one optional re-entry point as opposed to a pullback to a moving average. In all likelihood, that would resolve the overbought.
My longer term outlook on these markets is positive so I fully intend on re-entering the markets once this overbought condition is resolved, and such things as I watch indicate a good re-entry point. That's what I see.
Another snag in Greek writedown talks means that Greece and its private-sector creditors may not wrap up before Monday, when Europe finmins meet about a new bailout. The hangup? An agreement centering on an average coupon of 4% on new bonds, which Germany and the IMF think is still too high to bring Greek debt back to sustainability. (ETF: GREK) [View news story]
They can't pay it back anyway, what difference does it make what the interest rate is. Curiously though, I wonder who would be dumb enough to buy those bonds.
Spain Announces Beginning Of End: The Unfolding Global Fiasco Is Near [View article]
Joe,
You are absolutely correct and that is my position as well. Governments will find a way. Solutions are only limited by imagination, and, "necessity is the mother of invention".
Spain Announces Beginning Of End: The Unfolding Global Fiasco Is Near [View article]
My premise is that you have determined a conclusion and are now making the events fit that conclusion. A thousand different possibilities exist as to how this all will unfold. You have isolated one and maintain "This is it!" Hallelujah. How about, I don't think so.
Spain Announces Beginning Of End: The Unfolding Global Fiasco Is Near [View article]
James,
While this is an interesting perspective on some probable global events, I find myself wondering how you find a connection among these things. The point being, you are drawing a connection between a government default in Europe with the earnings of say Humana Hospital in the U.S. (Just an example). The economy is not the stock market, however, your article says it is. To give an example in very specific terms, your proposition is that should and when Spain defaults, no Spanish citizen will buy an iPhone. Don't you see the fallacy of this? Certainly we all understand that those on the Spanish government payroll may have an income problem and those specific persons may not be making new purchases for a while, but it's not going to put Apple out of business. Worst case is Apple may experience slightly reduced earnings expectations. Big deal. And Greece for goodness sakes - you're talking about a country the size of Alabama. How much global weight do they carry? You would do well to get a grip on reality. Government defaults in Europe are not going to plunge the planet into darkness.
5 Mortgage REITs Yielding 12% Plus Dividend Yields [View article]
No need to respond back.
"High taxes help the richest, too" asserts Cornell economics professor Robert Frank, as the increased public spending would "produce clear gains in satisfaction for the wealthy," such as better-maintained roads. And besides, what difference does it make it if you have a home that's 15,000 square feet or one that's 10,000? [View news story]
The overall tone wreaks of "we the people in service to our government". Maybe that's how it is in Quebec and that's fine - just keep it up there. That's not how it's done in the states.
"High taxes help the richest, too" asserts Cornell economics professor Robert Frank, as the increased public spending would "produce clear gains in satisfaction for the wealthy," such as better-maintained roads. And besides, what difference does it make it if you have a home that's 15,000 square feet or one that's 10,000? [View news story]
4 Strategies For Increasing Yield And 11 CEFs That Will Help You Profit [View article]
A Dummy's Guide To The EU Crisis And Our Moral Hazard Rally [View article]
A Dummy's Guide To The EU Crisis And Our Moral Hazard Rally [View article]
Your last statement regarding the $75,000 to each taxpayer has been my push for quite some time now. Giving money to the banks is just invested for the spread which ultimately ends up in outrageous individual bonuses; to the Solundras - that speaks for itself. Give it to the people and there would be a massive electrical jolt to this economy that would spike GDP into outer space. But what we to date have ended up with is a whopping $300 tax refund check. That barely pays my electrical bill, or it fills up my car twice. But no one listens to me.
President Obama will again outline how he will attempt to forge a lasting economic recovery in his State of the Union address on Tuesday. Obama's blueprint will be built around manufacturing, energy and education, and will reportedly include proposals to make college more affordable, address the housing crisis, and hike taxes on the rich. [View news story]
Weighing The Week Ahead: State Of The Union, Bernanke, Earnings [View article]
It brings a smile knowing my gains since Oct are secure, and as someone said on SA a day or two ago, "I'd rather be outside the market wishing I were in, than in the market wishing I were out". That made me laugh because sometimes the truth is so evident I can't see it.
Now, to wait it out. BTW, what happened to our thread?
Weighing The Week Ahead: State Of The Union, Bernanke, Earnings [View article]
As usual I'll share my technical take on the markets for the week ahead.
I have been long on these markets since the October low, building positions from that date forward. I reached a point some time ago when I was 90% in. Currently, of all the technical indications I follow on the markets, several are now showing a substantially overbought condition. Last Thursday, I reduced my overall position to 10% invested. Understand I'm making trading decisions, not long term ones.
Two things I'm looking for: (1) a pullback in the major indexes to one of their moving averages be that 20, 50, 150, or 200-d; something to resolve this overbought condition. (2) A sector rotation. I do track every major sector every day.
The market can continue to go higher from here as it can stay substantially overbought for a couple of weeks. That would be an extreme as resolving overbought normally takes much less time than that.
The one index that is most interesting at the moment is the NYSE Composite, $NYA. There is a possible double-top forming with the Oct high. Should $NYA break out, I would expect a retest of resistance which would then be support. That would be one optional re-entry point as opposed to a pullback to a moving average. In all likelihood, that would resolve the overbought.
My longer term outlook on these markets is positive so I fully intend on re-entering the markets once this overbought condition is resolved, and such things as I watch indicate a good re-entry point. That's what I see.
A Dummy's Guide To The EU Crisis And Our Moral Hazard Rally [View article]
Another snag in Greek writedown talks means that Greece and its private-sector creditors may not wrap up before Monday, when Europe finmins meet about a new bailout. The hangup? An agreement centering on an average coupon of 4% on new bonds, which Germany and the IMF think is still too high to bring Greek debt back to sustainability. (ETF: GREK) [View news story]
Spain Announces Beginning Of End: The Unfolding Global Fiasco Is Near [View article]
You are absolutely correct and that is my position as well. Governments will find a way. Solutions are only limited by imagination, and, "necessity is the mother of invention".
Spain Announces Beginning Of End: The Unfolding Global Fiasco Is Near [View article]
Spain Announces Beginning Of End: The Unfolding Global Fiasco Is Near [View article]
When a country takes money from those who are productive and gives it to those who are unproductive, the number of unproductive citizens will grow.
Spain Announces Beginning Of End: The Unfolding Global Fiasco Is Near [View article]
While this is an interesting perspective on some probable global events, I find myself wondering how you find a connection among these things. The point being, you are drawing a connection between a government default in Europe with the earnings of say Humana Hospital in the U.S. (Just an example). The economy is not the stock market, however, your article says it is. To give an example in very specific terms, your proposition is that should and when Spain defaults, no Spanish citizen will buy an iPhone. Don't you see the fallacy of this? Certainly we all understand that those on the Spanish government payroll may have an income problem and those specific persons may not be making new purchases for a while, but it's not going to put Apple out of business. Worst case is Apple may experience slightly reduced earnings expectations. Big deal. And Greece for goodness sakes - you're talking about a country the size of Alabama. How much global weight do they carry? You would do well to get a grip on reality. Government defaults in Europe are not going to plunge the planet into darkness.