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Brian Abbott

 
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  • Fiscal cliff negotiations between Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell hit a major snag after Republicans demand use of the "chained CPI" method for calculating entitlement benefits - which would result in lower payments for Social Security beneficiaries. Pres. Obama backed the provision previously, but Democrats now object to including it as part of a scaled-down deal. Updated 5:51 p.m.: The Senate won't vote tonight and will reconvene at 11 a.m. tomorrow, Reid says. [View news story]
    there is some irony that if the Fed monetized debt, it would raise inflation which would also minimize the impact of the remaining debt. The only problem is that the trillions of dollars that have to be rolled over would go at much higher refinancing rates. That's what kills countries that think they can pull this off. Check with Greece.
    Dec 31, 2012. 04:53 PM | Likes Like |Link to Comment
  • Fiscal cliff negotiations between Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell hit a major snag after Republicans demand use of the "chained CPI" method for calculating entitlement benefits - which would result in lower payments for Social Security beneficiaries. Pres. Obama backed the provision previously, but Democrats now object to including it as part of a scaled-down deal. Updated 5:51 p.m.: The Senate won't vote tonight and will reconvene at 11 a.m. tomorrow, Reid says. [View news story]
    another thing lost in the GDP talk is that it assumes nothing else changes - but something else ALWAYS changes. if taxes go up, it reduces some of people's spending but not dollar for dollar - some people will save less. 60% of my after-tax earnings go into savings. even if they raise my taxes, and they will, it won't result in a dollar for dollar reduction in my spending. don't forget half the population pays little or no taxes - business as usual for them.
    Dec 31, 2012. 01:28 PM | Likes Like |Link to Comment
  • Fiscal cliff negotiations between Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell hit a major snag after Republicans demand use of the "chained CPI" method for calculating entitlement benefits - which would result in lower payments for Social Security beneficiaries. Pres. Obama backed the provision previously, but Democrats now object to including it as part of a scaled-down deal. Updated 5:51 p.m.: The Senate won't vote tonight and will reconvene at 11 a.m. tomorrow, Reid says. [View news story]
    the government might lay off hundreds of thousands of workers if no deal reached? wow, that might not be that bad of an outcome (no offense to the affected workers)
    Dec 31, 2012. 01:23 PM | 1 Like Like |Link to Comment
  • Fiscal cliff negotiations between Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell hit a major snag after Republicans demand use of the "chained CPI" method for calculating entitlement benefits - which would result in lower payments for Social Security beneficiaries. Pres. Obama backed the provision previously, but Democrats now object to including it as part of a scaled-down deal. Updated 5:51 p.m.: The Senate won't vote tonight and will reconvene at 11 a.m. tomorrow, Reid says. [View news story]
    the problem is, the govt debt largely isn't used to invest in ANYTHING.... it's mainly to pay current expenses.
    Dec 31, 2012. 12:32 PM | 1 Like Like |Link to Comment
  • The Quest For Non-Correlation [View article]
    I guess the point I tried to make, but failed, is that a correlation close to -1.0 such as TLT vs SPY really isn't diversification, it just reduces beta of the portfolio but does not add alpha (unless the correlations change, in a manner that adds excess return). The goal as I understand it is to strive for non-correlation which is close to 0. I do agree that everything from the past 30 years is skewed by disinflation.
    Dec 31, 2012. 12:02 PM | Likes Like |Link to Comment
  • Diana Shipping Inc. Announces the Acquisition of a New-Building Kamsarmax Dry Bulk Carrier [View article]
    great time to be expanding the fleet, right into a really soft pricing market. Genius.
    Dec 31, 2012. 11:38 AM | Likes Like |Link to Comment
  • Fiscal cliff negotiations between Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell hit a major snag after Republicans demand use of the "chained CPI" method for calculating entitlement benefits - which would result in lower payments for Social Security beneficiaries. Pres. Obama backed the provision previously, but Democrats now object to including it as part of a scaled-down deal. Updated 5:51 p.m.: The Senate won't vote tonight and will reconvene at 11 a.m. tomorrow, Reid says. [View news story]
    I'd buy it voluntarily if they'd guarantee that I'd get four times my investment back.
    Dec 31, 2012. 11:19 AM | Likes Like |Link to Comment
  • The Quest For Non-Correlation [View article]
    Thank you for reading and for the comments. As I mentioned in the article, I use passive index investing for about 50% of my portfolio, and I hold a small number of individual equities as a chance to improve on the market returns. Thus, it is important that I pick things that are less correlated to the overall market or else I can't achieve that. I selected offshore drilling and reinsurance for other reasons, such as free cash flow and book value, among other metrics. This analysis was merely exploratory to see if it also served an appropriate role in diversification. A second goal was to show readers how to perform this analysis for themselves on any securities of their choosing. Finally, since most readers won't care about offshore drilling or reinsurance, I included analysis of the three most widely held ETFs which will have more relevance for most readers. You are right that any conclusions from this type of analysis should be limited. Thanks again.
    Dec 31, 2012. 10:00 AM | Likes Like |Link to Comment
  • Fiscal cliff negotiations between Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell hit a major snag after Republicans demand use of the "chained CPI" method for calculating entitlement benefits - which would result in lower payments for Social Security beneficiaries. Pres. Obama backed the provision previously, but Democrats now object to including it as part of a scaled-down deal. Updated 5:51 p.m.: The Senate won't vote tonight and will reconvene at 11 a.m. tomorrow, Reid says. [View news story]
    As a physician, I am wondering if we will get some free consultation from the post office and the DMV so they can inform me how to better run my practice under the single payer system.
    Dec 30, 2012. 09:25 PM | 3 Likes Like |Link to Comment
  • Fiscal cliff negotiations between Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell hit a major snag after Republicans demand use of the "chained CPI" method for calculating entitlement benefits - which would result in lower payments for Social Security beneficiaries. Pres. Obama backed the provision previously, but Democrats now object to including it as part of a scaled-down deal. Updated 5:51 p.m.: The Senate won't vote tonight and will reconvene at 11 a.m. tomorrow, Reid says. [View news story]
    Macro- the futures are up but well below fair value. they went down more after regular trading closed on friday and are still below that point
    Dec 30, 2012. 08:33 PM | Likes Like |Link to Comment
  • Fiscal cliff negotiations between Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell hit a major snag after Republicans demand use of the "chained CPI" method for calculating entitlement benefits - which would result in lower payments for Social Security beneficiaries. Pres. Obama backed the provision previously, but Democrats now object to including it as part of a scaled-down deal. Updated 5:51 p.m.: The Senate won't vote tonight and will reconvene at 11 a.m. tomorrow, Reid says. [View news story]
    don- the US has to station troops all over the world - that's how you maintain an empire. I am not an apologist for the US military, just stating the facts. if we didn't establish a presence everywhere, then someone else would, and the US would lose its influence. it's just part of maintaining an empire.
    Dec 30, 2012. 07:09 PM | 1 Like Like |Link to Comment
  • Fiscal cliff negotiations between Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell hit a major snag after Republicans demand use of the "chained CPI" method for calculating entitlement benefits - which would result in lower payments for Social Security beneficiaries. Pres. Obama backed the provision previously, but Democrats now object to including it as part of a scaled-down deal. Updated 5:51 p.m.: The Senate won't vote tonight and will reconvene at 11 a.m. tomorrow, Reid says. [View news story]
    one thing is true, and this applies whether the money was paid in by the indivudal or not, is that people REALLY like getting government checks. I think it's high time we acknowledge that. Me - I've never gotten a check from the government, but whenever I do qualify, I am sure I will eagerly await it in the mail every month.
    Dec 30, 2012. 06:45 PM | Likes Like |Link to Comment
  • Fiscal cliff negotiations between Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell hit a major snag after Republicans demand use of the "chained CPI" method for calculating entitlement benefits - which would result in lower payments for Social Security beneficiaries. Pres. Obama backed the provision previously, but Democrats now object to including it as part of a scaled-down deal. Updated 5:51 p.m.: The Senate won't vote tonight and will reconvene at 11 a.m. tomorrow, Reid says. [View news story]
    those meager seniors had a vote in the manner, and in fact, many vote republication. i think of my grandmothers sitting there watching Fox News and complaining everything....
    Dec 30, 2012. 05:58 PM | 3 Likes Like |Link to Comment
  • Fiscal cliff negotiations between Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell hit a major snag after Republicans demand use of the "chained CPI" method for calculating entitlement benefits - which would result in lower payments for Social Security beneficiaries. Pres. Obama backed the provision previously, but Democrats now object to including it as part of a scaled-down deal. Updated 5:51 p.m.: The Senate won't vote tonight and will reconvene at 11 a.m. tomorrow, Reid says. [View news story]
    Tom- you might need less in treasuries if you were going to treat SS like an annuity. You would draw it down gradually based on actuarial life expectancy.
    Dec 30, 2012. 05:57 PM | Likes Like |Link to Comment
  • Fiscal cliff negotiations between Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell hit a major snag after Republicans demand use of the "chained CPI" method for calculating entitlement benefits - which would result in lower payments for Social Security beneficiaries. Pres. Obama backed the provision previously, but Democrats now object to including it as part of a scaled-down deal. Updated 5:51 p.m.: The Senate won't vote tonight and will reconvene at 11 a.m. tomorrow, Reid says. [View news story]
    exactly right. approaching 50% of the population getting government checks of one sort or another is a point of no return. People don't willingly let go of their government checks.
    Dec 30, 2012. 05:54 PM | 4 Likes Like |Link to Comment
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