Tanta vive!

Duke of Con Dao wrote:

yeah baby

No baby and I've never complained either.

Central Banks Back to Buying Gold - Real Time Economics - WSJ

The Spanish government has formed the Fund for Orderly Bank Restructuring (FROB), which will accept loans of up to $125 billion from the euro zone and inject needed capital into its banks. The final details of the aid, however, will not be set until the European Commission conducts its own assessment of Spanish banks’ financial health.

Definition 4 from the Urban Dictionary: "4. Frob: False. Something that did not happen. Synonymous with the term Bullshit."

shill wrote:

Central Banks Back to Buying Gold - Real Time Economics - WSJ

That should worry the gold bugs - Central Banks usually buy high and sell low.

That should worry the gold bugs - Central Banks usually buy high and sell low

Evening SM, as the author noted the market is so small and speculative free right now, low key buy and hold in the Gold pit.

Poor Carlos, Luciana was holding that can.

volker the viking wrote:

you buy paper, you own paper

Bond Bubble Dismissed as Low Yields Echo Pimco’s New Normal - Bloomberg

Financial institutions are also contributing to demand, buying from a shrinking supply of the highest quality debt to meet capital requirements set by the Basel, Switzerland-based Bank for International Settlements. The Basel III rules will “increase the price of safety” embedded in assets deemed a reliable store of value, the IMF wrote in an April 18 report.

Investors have bid $3.19 for each dollar of the $903 billion of notes and bonds auctioned by the U.S. Treasury Department this year, above the record $3.04 in all of 2011, data compiled by Bloomberg show.

Yields that are negative after accounting for inflation may be a sign that investors expect the pace of consumer price gains to slow, or fall like the deflation in Japan. Copper has declined 18 percent in the past 12 months, aluminum has tumbled 23 percent, cotton plunged 47 percent and oil has dropped about 14 percent.

A measure of investor expectations for inflation used by the Fed to set policy, the five-year, five-year forward break- even rate, which gauges the average increase in prices between 2017 and 2022, dropped to 2.56 percent on June 4, from a 2012 high of 2.78 percent on March 19.

There isn't even a legal operational source to fund the non-bailout the Spanish don't need, haven't asked for and won't accept. Last night's futures pop and European market rise was total kabuki.

because of the way you posted I don't know if you are quoting or bloviating

besides, the BIS is a eunuch

Rob Dawg wrote:

total kabuki.

And yet the market was bullish on each Greek iteration.

Blackhalo wrote:

And yet the market was bullish on each Greek iteration.

ASE Chart - Athens Stock Exchange General Index - Bloomberg 

-90% 5y return.

that would be counter productive

shill wrote:

Evening SM, as the author noted the market is so small and speculative free right now, low key buy and hold in the Gold pit.

Evening Shill. The part I find interesting is that since specs are staying out, the correlation of miners to metal has returned. So the specs must have been the ones running the long metal/short miners trade.

+41 on the DOW fut's

futures are useless, stocks will tank. ECB has lost all credibility

Page not found | Watts Up With That?

Index funds used to be touted as the smart way to go.

Now it's not about investing, It's about trading.

Along with the S & P, the Nikkei and several others. If we're going to have mp's slow-growth awesomeness for years to come ...

Which could easily become a global doom loop.

Evening Shill. The part I find interesting is that since specs are staying out, the correlation of miners to metal has returned. So the specs must have been the ones running the long metal/short miners trade.

Good observation SM. I am actually scaling in on EXK..slowly... miners trade scares me. I had one good year in miners and prior to that I chased the market up and down and got crushed every step of the way, out of twelve months I think I caught one solid month, but the losses stuck.. I realized that miners like the metal is a dip buy and hold and keep the speculative hype and emotions at the door.

sm_landlord wrote:

Meaning more than a year, generally.

Just think how much you could have made with an S&P index fund over the last 10 years, with a buy and hold strategy!

Agronox wrote:

going to make a mint.

How much is a mint of Drachma worth?

Rajesh wrote:

How much is a mint of Drachma worth?

That's the rub, isn't it.

sm_landlord, I'm beginning to doubt your doomerability.

Rajesh wrote:

Agronox wrote:

going to make a mint.

How much is a mint of Drachma worth?

Oh, you yuan to get it back out. Silly.

That's my lender.

What are the chances they fold and take their loan portfolio back to Spain and lose it?

Agronox wrote:

At some point people who plunge into Greek equities are going to make a mint.

Even at -90% I don't think we're there yet.

I don't know how much of the shipping is listed there vs London, but maybe @ 95% you might be able to pick up a handful of things at a steal.

Greece's fundamental problem is that it is a country that is ill equipped for a society based on any sort of land based transit or commerce and asides from legacy industries in shipping is largely irrelevant in the sea trade as well. Brutal terrain makes for a low velocity economy.

Add on all the cultural drag of the Ottomans/Dictators and Greek alphabet and a country already behind the 8 ball in the best of times is just well and truly fd

Tom Stone wrote:

Dawg, today I had the pleasure of speaking to a Banker about a BPO I did recently did for them. I was quite diplomatic, you'd have been proud of me.

I sometimes think it would be fun to be the ultimate appeals judge arbitrating BPO disputes.

Refreshing News: Americans during the Great Depression

Well not refreshing but some interesting photography.

Doom leftovers.

At some point people who plunge into Greek equities are going to make a mint.

Looking for the big score?

I used to think that way.

Refresh. I'm seeing 146 guests online.

The giant eye never sleeps.

Speaking of which,

Stand corrected. Nite yall

So yeah. Lowest percentage of distressed house sales in years. How come?

I've been searching Sacramento news for tips, but there's little analysis --buy or sell side-- that localizes a national trend (34% cash, of which 53% "investors", 37% "foreign", 10% owner-occupier driving the affordability of affordable stock to an equilibrium that's not expected move upward until 2016 (Carrie Reyes, Mar 2012). Sacramento Real Estate Statistics , WoW

That said, distribution of the National Mortgage Settlement award doesn't appear likely to alter buyer composition in Sac City or County. For one, I can't find anyone expecting California's share to escape the general obligation fund in payments to principal reduction or damages (although there's plenty investor interest in new muttifamily construction).

[T]he settlement does not cover homeowners whose mortgages are owned by government sponsored entities like Fannie Mae and Freddie Mac, according to media reports. Reportedly, these loans make up more than 60% of California homeowners, and the settlement itself will only apply to about 250,000 California homeowners.

California Homeowners Still in Need of Mortgage Relief Despite Recent Attorney General Settlement

Oddly enough, Reyes implies housing authorities such as SHRA will be the beneficiaries. If so, the construction sector would be the obvious if weak channel to homeowner relief.

His plans? Use the money to make interest payments on bonds used for housing projects which include housing for low-income residents, seniors and battered women.

The Attorney General protests using the funds this way, claiming the settlement was intended to help homeowners affected by foreclosure, thus the cash should be limited to alleviating foreclosure abuses. The Attorney General has stated she will attempt to work with Governor Brown to reach a mutual agreement for the allocation of the funds.

Only 27 states are putting their settlement cash towards housing programs. Like California, the remainder plan to use the cash to fill state budget gaps.

And the mortgage settlement cash goes to…

:: backstory
Job Front: Sacramento construction job market still struggling, economist says
Select Sac City bond ratings, 2009 - present

Agronox wrote:

At some point people who plunge into Greek equities are going to make a mint.

Even at -90% I don't think we're there yet.

Confederate States bonds circa 1863.

Totally off topic, but here's a successful, upstanding citizen having a very bad day. Open the link and watch the video - it must be seen to be believed.

Anesthesiologist Goes Berserk During DUI Arrest

Agronox wrote:

At some point people who plunge into Greek equities are going to make a mint.

I'd be really worried that the Europeans would size equities held by small time investors as collateral for bad loans. Not safe unless you have an army to back you up.

Guess I don't need to ask how things went with your neighbor.

mp wrote:

Dumbass doctor.

A bit too much of his own medicine, it seems.

Feckless Ness wrote:

Anesthesiologist Goes Berserk During DUI Arrest

I'm glad that there was no device recording my similar reaction to Ben's printing in '09.

Having his investment dollars stuffed into USTs after failing multiple trades, yagij began to shout obscenities at talking TV heads and accused them of pocketing his $xx,xxx in cash they found in his trading account. He then repeatedly and violently slammed his head against the wall partition screaming, "Ben, you are taking my yield!!", until he passed out.

Oh fer pete's sake, she's playing to Dawg's strong suit:
Lagarde: Less than three months to save the euro – Amanpour - CNN.com Blogs

Aw, c'mon, guys. You can't have watched the video that fast. The best part's a few minutes in.

JP wrote:

Oh fer pete's sake, she's playing to Dawg's strong suit:

She'd have been better off borrowing my leisure suit.

Feckless Ness wrote:

The best part's a few minutes in.

That's the oldest case of terrible-twos on record.

JP wrote:

That's the oldest case of terrible-twos on record.

Gotta wonder what he's doing carrying all that cash.

MP, from two threads ago....

mp Select ratingCancel ratingIgnoredOkayGoodGreatCancel ratingIgnoredOkayGoodGreat wrote:

Yada, yada, yada.

MP, you still keep your clocks running ?

Feckless Ness wrote:

Gotta wonder what he's doing carrying all that cash.

He's an anesthesiologist. I don't wonder.
And aren't you in law enforcement? You don't wonder either.

Edit: I believe the term-of-art in anesthesiology is "diverting", which is a much bigger no-no than "using".

MP, you still keep your clock srunning ?

Yes.

Lagarde: Less than three months to save the euro – Amanpour - CNN.com Blogs 

Is she related to Angelo Mozilo?

The current time is:

11:57:25.1

The clock advanced 1 minute on June 9 at 10:31 AM.
Conjure said, "Ludger Schuknecht is one dumb son of a bitch."

Realtor Ad

Home Ownership Contributes To Better Test Scores!

Anybody here ever taken out a HELOC? Once you're approved, how long and what steps before you can draw?

Beats me. First timer. Isn't there a closing?

AllGov - News - Indiana First State to Allow Citizens to Shoot Law Enforcement Officers

Well, this should make things interesting.

mp wrote:

It appears that damned near everyone has a clock now.

And a newsletter.

mp wrote:

And a newsletter.

I don't have a newsletter, but I've got a clock.

Conjure Bag hasn't told you about his newsletter? Oooops. Forget I mentioned it.

mp wrote:

As soon as the deal closed, they issued checks and it was done.

Yup.

dryfly wrote:

I do NOT recommend it unless you really have few other options.

I have a 1921 mostly original bathroom that needs to be gutted, and the house needs tenting and termite repairs. I figure I'll do one or two projects at a time that I can pay off in 2 years or less. Other things can wait; those two projects need to get done.

RevolutionWillNotBeTelevised wrote:

Indiana First State to Allow Citizens to Shoot Law Enforcement Officers

I guess cops will stop responding to calls in Indiana.

REBear wrote:

Realtor Ad

Home Ownership Contributes To Better Test Scores!

I have yet to see a Realtor ad that did not make me cringe.

Conjure Bag hasn't told you about his newsletter? Oooops. Forget I mentioned it.

No, no, no. Don't get that started.

Conjure Bag has absolutely no newsletter.

mp wrote:

Conjure Bag has absolutely no newsletter.

Okay, that's what I didn't see when I wasn't in the secret forum.

Feckless Ness wrote:

I have a 1921 mostly original bathroom that needs to be gutted, and the house needs tenting and termite repairs.

1921 termite-infested LA shack, eh? Sheesh, you poor girl, that must only be worth $600K+...

Feckless Ness wrote:

I guess cops will stop responding to calls unlawfully entering residences in Indiana.

In recent weeks, the Obama administration alternately blamed the EU for weak US current account and encouraged the EU to re-establish a strong euro partnership. One might expect then that the Office of the US Trade Representative had ready financing and market intelligence to assist SME exporters to penetrate EU and NAFTA markets at the correct price points. This appears not to be the case when client-facing media report 5-year-old data points...

Key Investment Data and Trends

... and Free Trade Agreement (FTA) tables are incomplete.

export.gov > What's my tariff?

Feckless Ness wrote:

I have a 1921 mostly original bathroom that needs to be gutted, and the house needs tenting and termite repairs. I figure I'll do one or two projects at a time that I can pay off in 2 years or less. Other things can wait; those two projects need to get done.

That was what prompted us - ours is circa 1918 and remuddled in places. We did the bathroom 15 years ago after we discovered the only thing supporting the toilet was the drain itself - floor all rotted out. Cost a small fortune because we had to sister up joists then replace the floor [I put in quarter sawed oak - more stable]. Amazingly the tub never went through the floor prior to that [second story].

Then a few years after that my kid ran the toilet over and it went into the floor and caused the plaster ceiling above the kitchen to come down - all the way to the lathe. Nice.

My contractor estimated it at $15K - I told my wife $30K minimum. Again - once the counters were removed we discovered they had three different places where sinks were at different times - all rotten. Floors up - more sistering and then new floors. Cabinets. Appliances - etc.

$30K easy. That was the year my daughter went to an expensive private college and we went HELOC.

RevolutionWillNotBeTelevised wrote:

Feckless Ness wrote:
I guess cops will stop responding to calls unlawfully entering residences in Indiana.

No - they will be more careful to shoot first - ask questions later.

Feckless Ness wrote:

RevolutionWillNotBeTelevised wrote:

Indiana First State to Allow Citizens to Shoot Law Enforcement Officers

I guess cops will stop responding to calls in Indiana.

I just read the article at the link, and it looks like all the cops have to do is to stop doing home invasions, and stop involving themselves in domestic disputes.

If that's what the citizens of Indiana want, well....

dryfly wrote:

My contractor estimated it at $15K - I told my wife $30 minimum.

You're scaring me, dryfly. It's a tiny bathroom and I can do the demo myself. I expect to replace the subfloor, but I hope the joists are okay.

Feckless Ness wrote:

Clearly, I won't be using your contractor.

Lazy, cheap, perfectionist. He'll hopefully step it up a notch with the increased Adderall dosage.

Rehabbing a 91 year old residence is like asking your 91 year old grandmother if she'd like a face lift.

You're scaring me, dryfly.

Got asbestos?

Lead paint?

If you're prepared to do the demo, you can obtain an EPA license yourself.

IIRC, the class fee is about $250.

There is a limit, however, as to how much you can remove. If you exceed the limit, you'll need a remediator.

mp wrote:

Got asbestos?

Lead paint?

No, I have no knowledge of either. On purpose.

Jackdawracy wrote:

Rehabbing a 91 year old residence is like asking your 91 year old grandmother if she'd like a face lift.

This project will involve plumbing, so it's more like lifting her pelvic floor.

Feckless Ness wrote:

You're scaring me, dryfly. It's a tiny bathroom and I can do the demo myself. I expect to replace the subfloor, but I hope the joists are okay.

Use marine ply for the subfloor.

Heck, speaking of baths.

I removed a section of cast iron pipe and replaced it. The flow runs from a back house under a vacant house and it seemed like a good time to do it. Only problem is I need to remove the lead they poured around the joint so that I can slip the rubber boot over the pipe. I'm considering chiseling it off, to minimize fumes or dust--- unless there's a better way?

mp wrote:

Got asbestos?
Lead paint?

Had both. That was why we skinned the walls instead of removing. The only demo we did was the flooring - unpainted.

The asbestos is in the basement - the old duct work. We don't touch it. Hardly want to disturb the spiders.

I don't know what to do with the old "tile." It's aluminum, I think, painted to look like tile. Grouted and everything. It was cheaper back in the day. I'm sure it can be recycled, but do I just cart it to a recycling center, or what?

Rob Dawg wrote:

Do I need to post pictures of 4x4 joists crumbling under finger pressure?

I really should have taken pictures of our toilet only supported by the down spout - a Dr Seuss like thrown. How nobody went through the floor on that is also a mystery.

I'm sure it can be recycled, but do I just cart it to a recycling center, or what?

I suggest dumpster.

Feckless Ness wrote:

do I just cart it to a recycling center, or what?

Eco Friendly Kitchen Tiles: Recycled Aluminum Tiles - Yahoo! Voices - voices.yahoo.com

Don't get me wrong -- the 80 million boomer retirement is going to be very stimulatory for jobs, 2015-2030.

It's going to be a 30 million person bumrush.

Put it's also got to be paid for, and how we're going to pay for it is what's currently under debate.

The Ryan Plan is to just cut our losses and wish the latter half of the BB best, but I don't think that's going to fly even when the (R)'s take over everything next year.

Dunno what plan B is. I know what my plan B is tho, "adios amigos" and a seat on a 747-8.

dryfly wrote:

We did - then quarter sawn oak tongue and groove. And water resistant sheet rock for the wall skinning. It has help up really well.

Contractors tend to use the cheapest grade of Ply. I learned to use Marine ply and seal it again. I don't like redoing ANY jobs and if I can buy 10 more years cheaply...

Feckless Ness wrote:

Tom Stone wrote:

The sherriffs office is hiring...

Yeah? Do they need a Budget Goddess?

Try Sebastopol PD for that one.

Tom Stone wrote:

The whole corner collapsed.

I fell through my brother's bathroom floor. Fortunately I was half expecting it and did a little dance on the edges and the top of the water heater underneath it and jumped down. It was exciting.

Tom Stone wrote:

Why don't you sell it and move here instead?

24 acres, tiny buildings, low price... sounds perfect.

Comrade Troyski wrote:

The Ryan Plan is to just cut our losses and wish the latter half of the BB best, but I don't think that's going to fly even when the (R)'s take over everything next year.

It isn't going to fly as planned - but will result in the same regardless. The majority of us will work a lot longer than intended and die poorer than anyone imagined. The Dennis Hopper 'retirement' ad used to make me laugh - its different this time. Sure it is.

Rob Dawg wrote:

Tom Stone wrote:

Why don't you sell it and move here instead?

24 acres, tiny buildings, low price... sounds perfect.

Your own trout and steelhead stream, 10 acres of level bottomland with beautiful soil, a pond. 5 minutes from downtown guerneville and you pay land value.

mp wrote:

Zamak? Of course, that was WW2, not 1.

Zamak was circa 20's. Also called 'pop metal'. Aluminum didn't get cheap until TVA and Bonneville.

Number of US exporters, 2007-2011: 5403

Global Access for Small Business is a top priority of Ex-Im Bank. This initiative is dedicated to dramatically increasing the number of small businesses exporting goods and services to maintain and create U.S. jobs. Global Access is being supported by a wide variety of business, financial and government partners and is part of President Obama's National Export Initiative (NEI). On January 13, 2011, the initiative was launched by Chairman and President Fred. P. Hochberg with the Commerce Department, U.S. Trade Representative, Small Business Administration, U.S. Chamber of Commerce, National Association of Manufacturers, and several lenders....

Ex-Im Bank has aligned its goals for increasing small business export financing with President Obama's objective, announced at his State of the Union Address in 2010, to double U.S. exports in five years... FY'10 - FY'14

Export-Import Bank of the US > Global Access for Small Business

Hollande, who was elected last month, wants his political kin to control the powerful lower house of Parliament for the next five years so he can move forward with plans to strengthen the state's role in the economy, create thousands of teaching jobs and tackle high youth joblessness.

Final results released Monday from nationwide balloting the previous day showed the Socialists and their allies on the left winning at least 46 percent of the vote. The main conservative bloc - led by former President Nicolas Sarkozy's UMP party - had at least 34 percent.

Read more here: French Socialists eye unity after election result - World Wires - MiamiHerald.com

... create thousands of teaching jobs and tackle high youth joblessness.

I mean imagine if our incoming leader forgot all about the worst economy since the 1930s and instead pursued unconstitutional heath insurance half measures.

JP wrote:

Myth of Perpetual Growth is killing America - Paul B. Farrell - MarketWatch

Remember that when somebody mentions a future number in terms of percent of GDP, CBO is projecting a $25.7T real GDP in 2032.

That's $10T/yr more than now.

If we see the 1.8% pa job growth of the 1990s, compounded for 20 years, that's 190M jobs and only $135,000 of output per worker, 15% more productivity than now.

Going with half that job growth (1.1% pa, what 2011 gave us) will require $150,000 wealth creation per worker, 33% more productivity than now.

$150,000 per-worker productivity by 2032 will in fact solve a lot of things. Without it, though . . .

What's going on? There's some crazy energy in the air.

Tom Stone wrote:

Your own trout and steelhead stream, 10 acres of level bottomland with beautiful soil, a pond. 5 minutes from downtown guerneville and you pay land value.

Aren't gay trout a protected species?

Seriously, a great opportunity for someone who isn't still a few years short of getting the last kid into a UC.

Tom - this job was tailor-made for me:

County of Sonoma

However, this recruitment is closed to the public. Promotion only. These do fall through sometimes. Then they open it up to the outside world.

Tom Stone wrote:

Mostly because I have had enough conversations with epidemiologists and have read enough history to know that the probability of a pandemic is much higher than most realize.

I had a microbiol prof tell me [circa 1978] the human race is the largest petri dish ever - and one that travels all over cross contaminating themselves daily.

Feckless Ness wrote:

Tom - this job was tailor-made for me:

County of Sonoma

However, this recruitment is closed to the public. Promotion only. These do fall through sometimes. Then they open it up to the outside world.

Send them an email asking them to let you know if it becomes open.It's a nice place to live.

Tom Stone wrote:

Send them an email asking them to let you know if it becomes open.

This would be a good time to sell my place, that's for sure.

dryfly wrote:

Tom Stone wrote:

Mostly because I have had enough conversations with epidemiologists and have read enough history to know that the probability of a pandemic is much higher than most realize.

I had a microbiol prof tell me [circa 1978] the human race is the largest petri dish ever - and one that travels all over cross contaminating themselves daily.

My mother was a microbiologist with an interest in epidemiology. Some of the dinner conversations growing up were not conducive to a good appetite.

Rob Dawg wrote:

And let us talk plainly. Most of the places most likely to be ground zero will deliberately export their problem in order to not suffer any worse than everyone else.

They will try to.

Tom Stone wrote:

My mother was a microbiologist with an interest in epidemiology. Some of the dinner conversations growing up were not conducive to a good appetite.

My mother was a public health nurse prior to stay home mom [then volunteered at free clinics]. I hear you.

Had I to do it over I would have gone epidemiology. Long story but circa 1978-79 I was discouraged from doing that because 'diseases were all cured' by then - just cancer and heart disease left to beat and it will be all done. The band played on.

Seriously - gotta snooze.

Later.

Tom Stone wrote:

will deliberately export their problem in order to not suffer any worse than everyone else.

They will try to.

I believe they will be so busy denying anything untoward is happening, they won't have time to make plans.

RE wrote:

He hasn't in any way shape or form.

You are seriously misinformed. Fakegate has tainted the entire CAGW movement. The strategy document you are repeating has been proven a fake.

Rob Dawg wrote:

You are seriously misinformed. Fakegate has tainted the entire CAGW movement. The strategy document you are repeating has been proven a fake.

LOL and this is why Heartland is losing funding left and right? Show me a credible link? BTW Gleick has been reinstated. It appears it is you that is out of touch.

Peter Gleick's Pacific Institute Return - NYTimes.com

Heartland showed its true colors with statements like these:

“Efforts at places such as Forbes are especially important now that they have begun to allow high-profile climate scientists (such as Gleick) to post warmist science essays that counter our own. This influential audience has usually been reliably anti-climate and it is important to keep opposing voices out.”

On and on and Watts is clearly a paid part of it.

That's the thing: they really haven't.

And yet, there they are.

http://www.usatoday.com/news/nation/story/2012-06-12/middleborough-swearing-fine/55542416/1

Let's not let yogi travel to Mass.

This is an old battle, goes back to the 1960s. Here is a reference from the early 1990s:

The Greening - The Lawful Path

It's basically a resources grab, unless you believe the "Report from Iron Mountain", in which case it's economic manipulation as well.

TJ and The Bear wrote:

Thank heaven -- the Kings finally closed out.

First ten minutes/three goals were epic.

sdtfs wrote:

What's the big deal? As long as the police don't illegally enter, they have nothing to fear.

Bitchin'.

MattFea wrote:

I will make sure I never travel to d&($#(798$ Ticking time bomb Middleborough

Prohibition next?

Here it comes again from the upstanding, downsitting citizens.

RevolutionWillNotBeTelevised wrote:

The law is a response to a ruling by the state supreme court. The court ruled that there was “ no right to reasonably resist unlawful entry by police officers".

I think it will give a wonderful peek inside the mentality of any officer that is upset with this.

How are you supposed to have a proper police state if the citizenry is allowed to resist?

I mean, there are only so many drones, and not everyone comes into range often enough.

It also urged the Japanese central bank to boost purchases of corporate bonds, equities, and highly-rated securitized loans to small- and medium-enterprises.

In addition, it called for the BOJ to broaden its asset-purchases to include Japanese government bonds of more than three years in maturity, as well to be more publicly forthcoming with its asset purchases in an effort to raise inflation expectations.

In a separate section of the report, the IMF said Japan should implement a consumption tax of at least 15%, higher than the current proposals of a 10% tax, as part of efforts to improve the nation’s fiscal health.

IMF seeks ‘powerful’ easing from Bank of Japan - MarketWatch

Count de Monet wrote:

A little time spent lurking in cop forums was all the peeking I needed. It's remarkable how tone-deaf so many of them are.

Too late for Donald Scott of Malibu.

The private sector is doing fine.
Rolls-Royce, Bentley dealership headed to Thousand Oaks » Ventura County Star
Rolls-Royce Motor Cars Westlake and Bentley Westlake will open in a temporary showroom in August at the former Courtesy Chevrolet dealership on Thousand Oaks Boulevard. The Chevrolet dealer closed in 2009.

sm_landlord wrote:

No sane person wants to kill a cop.

I'm not sure that will be a great comfort to the officers. But really, the ones in danger now are the citizens, since the officers will be more inclined to shoot to kill and ask questions afterwards. It's the old Law of Unintended Consequences.

The private sector is doing fine.

How long can such a schism between private & public last?

Anyway,

Just reading thru some past threads of years back. It used to be funner.

Not enough Eurozone readers playing silly buggers during their morning break, clearly.

BBC News - UK manufacturing output in surprise April fall

they be talkin on CNBC about tighter fiscal union

why don't they come out an say it..... they want a one euroworld taxin authoriteh

you people I swear

Sometimes one could get the feelin that the whole crisis is a effin charade

If one man's asset is another man's liability, where did the loss in household
assets show up as a gain ?

volker the viking wrote:

elves only exist in Tolkien fables, and Santa stories

But I KNOW Gnomes exist! One keeps flinging emergency chocolate at me and poking the back of my knee with that pointy hat.

Contractors, developers, estate agents, mortgage brokers, banks providing conduits, those bundling securities, sellers of MBS, portfolio managers.

For a start.

sporkfed wrote:

where did the loss in household
assets show up as a gain ?

Zuckerberg's coin purse?

Nanoo-Nanoo wrote:

One keeps flinging emergency chocolate at me and poking the back of my knee with that pointy hat.

well, maybe he wants you to know he likes you

the
NAzi just informed me that monkeys are smarter than humans

she cited the incidence of snake bites from Momba as evidence

welcome to my world

Lol V V do you sleep man?

sort of, between the twisted, soul wringing waves of guilt

Good job I am losin more than winnin... no hat and no cattle

Good job I am losin more than winnin... no hat and no cattle

TG take note the price range and outlook target $39, still lots of room and summer season left. As I disclosed I will be going short in August and short right through too the election.

American Capital Agency (AGNC)

Nice put down...and I thought I was coming up with them on my own..

Sorry. Invitation to face the music.

. . . and oh dear no - we read those lines or equivalent everywhere and always.

thanks for bein gentle

Doesn't the loss of wealth make the remaining wealth more valuable ?
What is the offsetting entry for money heaven ?

Gold-Investment Demand in China to Advance 10%, ICBC Says - Bloomberg

the universe reverts to chaos as default setting

shill wrote:

Gold-Investment Demand in China to Advance 10%, ICBC Says - Bloomberg

A bullion trader told me that ICBC wants to be designated a bullion bank.

tg, if you employ precious metals - specifically gold and silver - as a counterweight to the vagaries of the dollar. you gain a little peace of mind. Of course, you must be prepared for many occasions when the dollar is strengthening and pm valuations are correspondingly falling on that basis.

Plenty of rational portfolios just now are 10 - 15% gold or silver or both.

Not a safe assumption. Were they sharp enough to hang onto it?

Some are.

if you employ precious metals - specifically gold and silver - as a counterweight to the vagaries of the dollar. you gain a little peace of mind. Of course, you must be prepared for many occasions when the dollar is strengthening and pm valuations are correspondingly falling on that basis.

I believe the term for this is "hedging". It's too bad that is now a dirty word instead of a rational stategy.

12th Percentile wrote:

rational stategy.

In volatile markets, hedging is expensive, because everyone wants protection.

Ask yourself, how much are you willing to pay for return of capital.

as long as this is not money you need to live on otherwise fine.

You shouldn't be investing with money you need to live on otherwise. But if you have savings of some kind, why would you leave it all in one currency or investment? I wonder what would happen to people's investing approach if their 401K reported the value of the US dollar each quarter vs other currencies.

Anyone who dumps their life savings into one thing is an idiot.

Ask yourself, how much are you willing to pay for return of capital

I'm hedging in basic ways. I don't expect to make much money, but I'm trying not to lose it either. I've got rental income which I consider an inflation hedge, i've got cash, and I've got precious metals. I'm not trying to move up to a higher income bracket, I just want to stay in the one I'm in.

I flashed this warning on many a gold bug site

Gold bugs are strange creatures. So are the people who ridicule gold (many on this site) as part of an investment strategy.

dryfly wrote:

I had a microbiol prof tell me [circa 1978] the human race is the largest petri dish ever - and one that travels all over cross contaminating themselves daily.

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