There Is No Alternative? That's The Dumbest Thing I Ever Heard [View article]
The sure thing is that holding fiat-based currency over the long term will destroy true purchasing power.
The likely thing is we see more worldwide examples of Cypriot-like confiscations of wealth by unscrupulous politicians. The truth is that the real cost of living is escalating rapidly even while the corrupt BLS tells citizens that inflation remains under 2%(and that unemployment has been dropping. Currency controls are already in place in Iceland, Cyprus and elsewhere. This will spread to most of the rest of the world as the debt crisis worsens.
Lending money to governments (buying sovereign debt) is probably the worst choice anyone could make. That includes US Treasury notes and bonds.
At least with stocks you have a chance to preserve wealth. It is a sh*tty world we live in right now. Morons are in charge and the damage they are doing make all projections for planning purposes a cruel joke.
Enjoy your money while you can. Everything you thought was true is about to change radically over the next 5 - 10 years.
Why Value Investors Are Going To Cash [View article]
You said... "As a value investor I make money off picking stocks that I believe have great management and that are very undervalued. When I cannot find companies that meet this criteria, I put my excess cash into either INDEX FUNDS or cash."
Buying index funds means investing in ALL stocks in that index no matter how overpriced they are. How is that a defense against less-than-good-values?
Cypriot finance minister Michael Sarris says "significant progress" has been made Saturday in discussions with the Troika. Officials appear to be leaning towards a deal which will tax deposits over €100K by 25%. Sarris says a proposal may be ready as early as Saturday evening but some in parliament say a vote may not occur until after Cypriot President Nicos Anastasiades meets with EU officials in Brussels Sunday. [View news story]
The FDIC is not actually part of the US government.
Cypriot finance minister Michael Sarris says "significant progress" has been made Saturday in discussions with the Troika. Officials appear to be leaning towards a deal which will tax deposits over €100K by 25%. Sarris says a proposal may be ready as early as Saturday evening but some in parliament say a vote may not occur until after Cypriot President Nicos Anastasiades meets with EU officials in Brussels Sunday. [View news story]
Little Cyprus is bringing a dangerous new variable into the European bailout crisis, warns Dennis Gartman - the Russian mafia. "Everybody knows that the vast majority of the deposits in Cyprus are from Russia," Gartman says. "They're Russian government officials, they're Russian businessmen, it's Russian mafia – and you don't mess with the Russian mafia." He calls the eurozone demand over the weekend absolute "lunacy on the part of the European monetary authorities." [View news story]
While a strong currency makes exports more expensive it is good for the people of that country as consumers.
Strong is better than weak except for many of the special interest groups that control government officials.
Now that Washington looks to have accepted the $85B sequestration, GOP legislators are looking to see where they can apply the scalpel rather than the machete. Programs at risk include one for robotic squirrels that helps researchers understand how squirrels interact with rattlesnakes, and Nasa's research on feeding astronauts on Mars. [View news story]
Cut all foreign aid before cutting domestic programs.
$70 billion to Egypt, $100 billion already spent in Iraq.
Who knows how much is planned to rebuild Afghanistan?
White House tours are pocket change compared with these wasteful spends which accomplish nothing for Americans in the long-term.
That would only be true if the defined benefits promised were actually able to be paid by employee contributions alone.
Pension assets that grow slower than projected shift the deficits directly back to taxpayers who have guaranteed the promised amounts regardless of investment results.
This is a huge and expanding problem for all defined benefit programs in the public sector. It was bad before ZIRP and even more unthinkably horrendous today.
Electric Vehicle Roundup: 1) Chevrolet Volt (GM) sales continue to fluctuate wildly, up 59% Y/Y and 43% M/M in Feb. to easily beat sales on Toyota's (TM) Prius. 2) Look for Ford (F) to include sales numbers on the Fusion Energi as the model hits dealerships this month. 3) Nissan (NSANY.OB) sold 636 Leafs in the U.S., +36.6 Y/Y, flat M/M, just ahead of the unveiling of a new model. 4) In Scotland, politicians issue campaign promises to install an EV charging point every 50 miles. 5) Tesla Motors (TSLA) trades in the mid-$30s post-earnings. On tap: Will revenue cover payments on a DOE loan and production costs or will Elon Musk need to float more stock? [View news story]
Time to stop the $7,500 subsidies (from taxpayers) to people who buy $100,000+ vehicles as toys?
There Is No Alternative? That's The Dumbest Thing I Ever Heard [View article]
The likely thing is we see more worldwide examples of Cypriot-like confiscations of wealth by unscrupulous politicians.
The truth is that the real cost of living is escalating rapidly even while the corrupt BLS tells citizens that inflation remains under 2%(and that unemployment has been dropping.
Currency controls are already in place in Iceland, Cyprus and elsewhere. This will spread to most of the rest of the world as the debt crisis worsens.
Lending money to governments (buying sovereign debt) is probably the worst choice anyone could make. That includes US Treasury notes and bonds.
At least with stocks you have a chance to preserve wealth.
It is a sh*tty world we live in right now. Morons are in charge and the damage they are doing make all projections for planning purposes a cruel joke.
Enjoy your money while you can. Everything you thought was true is about to change radically over the next 5 - 10 years.
Oracle Versus SAP: Valuations That Defy Logic [View article]
No further comments needed.
Why Value Investors Are Going To Cash [View article]
Buying index funds means investing in ALL stocks in that index no matter how overpriced they are. How is that a defense against less-than-good-values?
A Not-So-Super Sonic [View instapost]
Never Average Down? You Make The Call. [View instapost]
I own POT and MOS, plus DE in the ag space right now. AGU looks pretty cheap too.
I may write Agrium up as a full article to clarify my thoughts on its potential. I will send it to you once it's done.
Paul
Cypriot finance minister Michael Sarris says "significant progress" has been made Saturday in discussions with the Troika. Officials appear to be leaning towards a deal which will tax deposits over €100K by 25%. Sarris says a proposal may be ready as early as Saturday evening but some in parliament say a vote may not occur until after Cypriot President Nicos Anastasiades meets with EU officials in Brussels Sunday. [View news story]
Cypriot finance minister Michael Sarris says "significant progress" has been made Saturday in discussions with the Troika. Officials appear to be leaning towards a deal which will tax deposits over €100K by 25%. Sarris says a proposal may be ready as early as Saturday evening but some in parliament say a vote may not occur until after Cypriot President Nicos Anastasiades meets with EU officials in Brussels Sunday. [View news story]
If Quest Returns To Its Core Strengths, It Can Deliver Big Returns For Shareholders [View article]
I own both Quest (DGX)_and Lab Corp (LH) shares. They are solid-value pillars in a not-too-cheap overall market.
Little Cyprus is bringing a dangerous new variable into the European bailout crisis, warns Dennis Gartman - the Russian mafia. "Everybody knows that the vast majority of the deposits in Cyprus are from Russia," Gartman says. "They're Russian government officials, they're Russian businessmen, it's Russian mafia – and you don't mess with the Russian mafia." He calls the eurozone demand over the weekend absolute "lunacy on the part of the European monetary authorities." [View news story]
Strong is better than weak except for many of the special interest groups that control government officials.
Now that Washington looks to have accepted the $85B sequestration, GOP legislators are looking to see where they can apply the scalpel rather than the machete. Programs at risk include one for robotic squirrels that helps researchers understand how squirrels interact with rattlesnakes, and Nasa's research on feeding astronauts on Mars. [View news story]
$70 billion to Egypt,
$100 billion already spent in Iraq.
Who knows how much is planned to rebuild Afghanistan?
White House tours are pocket change compared with these wasteful spends which accomplish nothing for Americans in the long-term.
You Maniacs, You Blew It Up [View article]
Pension assets that grow slower than projected shift the deficits directly back to taxpayers who have guaranteed the promised amounts regardless of investment results.
This is a huge and expanding problem for all defined benefit programs in the public sector. It was bad before ZIRP and even more unthinkably horrendous today.
You Maniacs, You Blew It Up [View article]
The
$90,000 a year you get from taxpayer funded pensions and social security is twice the median household income of the USA.
If you think you are not 'comfortable' with that plus income from savings you have a major spending problem.
Stop bitching.
Electric Vehicle Roundup: 1) Chevrolet Volt (GM) sales continue to fluctuate wildly, up 59% Y/Y and 43% M/M in Feb. to easily beat sales on Toyota's (TM) Prius. 2) Look for Ford (F) to include sales numbers on the Fusion Energi as the model hits dealerships this month. 3) Nissan (NSANY.OB) sold 636 Leafs in the U.S., +36.6 Y/Y, flat M/M, just ahead of the unveiling of a new model. 4) In Scotland, politicians issue campaign promises to install an EV charging point every 50 miles. 5) Tesla Motors (TSLA) trades in the mid-$30s post-earnings. On tap: Will revenue cover payments on a DOE loan and production costs or will Elon Musk need to float more stock? [View news story]
You Maniacs, You Blew It Up [View article]
How Inflation Could Happen In The U.S. [View article]