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Rousseau SC

Rousseau SC
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  • Gold slipping in the wake of the Fed's even easier policies doesn't surprise Uri Landesman, who sees a dramatic correction ahead. The metal performs best as a "flight to quality," he argues, and the Fed moves take that bid away. His downside target next year is $1,400/oz. [View news story]
    Buying gold with US dollars is a bet against the dollar just as much as it is a bet in favor of gold. Just like buying yen or euros. Printing has to matter. The exchange rate ("price") for gold/USD fluctuates with the relative confidence in each.
    Dec 13, 2012. 01:54 PM | Likes Like |Link to Comment
  • The Good, The Bad, And The Ugly [View article]
    LOL. Both the Dems and the Repubs grow govt. The govt is getting smaller? 73% of the new jobs since last summer have been govt jobs.
    Dec 13, 2012. 09:50 AM | 23 Likes Like |Link to Comment
  • The Fiscal Cliff Is The Best Fiscal Medicine [View article]

    How do we dramatically reduce govt spending? I think a good start would be one neither party has suggested; to-wit, a plan that addresses govt benefits as well as entitlements for the general public.

    Why not bring govt compensation and workload/working hours/accountability in line with private sector comparable compensation and workload/working hours/accountability.?
    Dec 13, 2012. 08:52 AM | 1 Like Like |Link to Comment
  • The Rate Of Unemployment May Fall Below 6% In A Year [View article]
    What is your point with this graph?

    I was surprised, but I don't know what point you are trying to make.

    The graph shows surprisingly little change in the enrollment figures from 1967-2011, especially considering the changing demands of the workplace and the immense sums of money spent on public education.
    Dec 13, 2012. 08:44 AM | Likes Like |Link to Comment
  • Pronouncing itself "unapologetically bullish," Merrill Lynch has a 1600 target on the S&P 500 next year. The key will be a strengthening economy once the U.S. gets past the cliff worries. Combine better growth with a still-easy Fed, and you'll also get $2k gold, says Merrill's commodity team. [View news story]
    I buy the gold guesswork. The S&P is possible, but there are so many ptifalls to worry about. I suppose J P Morgan got it right. You can make more money advising people about buyiing stocks than you can buying stocks.
    Dec 12, 2012. 04:35 PM | Likes Like |Link to Comment
  • 8 Reasons To Buy Gold And Other Inflation Protection Now [View article]
    Sure. I don't necessarily disagree with you.

    I just figure that gold is an investment, the same way that any other currency is an investment. You can invest in euros or in dollars or in francs or gold or in silver. Some are printed; some are mined.
    Dec 12, 2012. 03:36 PM | 1 Like Like |Link to Comment
  • North Carolina utilities regulators released a letter of apology from Duke Energy (DUK +0.3%) CEO Jim Rogers, which was required by a settlement ending the commission's probe into whether regulators were misled about a surprise CEO switch at the company that left DUK's Rogers with the job. Last month, in what appeared to be a veiled threat, Rogers said that unless regulators treated Duke Energy fairly and properly, it might not keep its headquarters in North Carolina. [View news story]
    Sic'em Duke
    Dec 12, 2012. 03:26 PM | 1 Like Like |Link to Comment
  • 8 Reasons To Buy Gold And Other Inflation Protection Now [View article]

    "Gold pays no income". Correct. It is a medium of exchange.

    Money can be used to buy investments, but money pays no income.

    People think of currency put into bank depositary accounts as "money on deposit" or "money in the bank". That analysis is legally and factually erroneous.

    A banking account represents money you have loaned the bank. The depositor is the creditor and the bank is the debtor in such accounts. It is the rare instance where a debtor can charge fees to the creditor for borrowing the creditor''s money.

    If the bank refuses to return it to you upon your request, it has breached its promise to repay, but it has not "converted" any funds and cannot be sued for conversion of the funds unless it is a certificate of deposit, which, by statute (in the UCC of every state except Lousiana which has its own French-influenced state code with which I have no familiarity), allows an exception to the principle on this one type of banking account.

    Fiat currency is an experiment in an alternative form of money, the results of which experiment are yet to be finally determined. However, gold has been money for millenia and I suspect it will continue to be money for at least the duration of my life on this earth.
    Dec 12, 2012. 10:10 AM | 1 Like Like |Link to Comment
  • Why QE3 Will Not Happen [View article]
    I suppose the "voluntary income tax" has been a major factor in the increasing levels of public participation and acceptance of dishonesty.

    I have always been afraid to cheat on taxes, but I know of people who sell the use of their child's name and SSN to others for cash and i was told by one tenant that "Everyone does it." Maybe in her circles, but I had never heard of it before.
    Dec 12, 2012. 09:33 AM | Likes Like |Link to Comment
  • The Rate Of Unemployment May Fall Below 6% In A Year [View article]
    That's right. In those days, my dad, who was middle class economically, but a high class person, could support a wife and four children, and send them all to college, on one income. The tax burden and cost of living was not nearly as onerous.

    There was not the need for all working age people to be gainfully empolyed. We had family rather than just workers who shared a house and who saw each other between shifts.
    Dec 12, 2012. 09:25 AM | 2 Likes Like |Link to Comment
  • Conducting Bernanke's Symphony No. 3 In F Major [View article]
    Thank you. I really look forward to seeing that article. You do seem to make an honest effort to use statistics to reveal and illuminate the facts fo the issues, rather than simply to argue your position(s).
    Dec 11, 2012. 09:11 AM | Likes Like |Link to Comment
  • Why QE3 Will Not Happen [View article]
    Just a couple days ago, Obama, in a televised interview, stated that "later" we can look at "broadening the tax base". Guys, the plan is not simply to increase taxes on "the rich".
    Dec 11, 2012. 09:07 AM | Likes Like |Link to Comment
  • The Rate Of Unemployment May Fall Below 6% In A Year [View article]
    Exactly. More takers and fewer producers. More living off the work of fewer. Completely unsustainable trend unless we surrender all semblance of liberty.
    Dec 11, 2012. 09:04 AM | 1 Like Like |Link to Comment
  • The Rate Of Unemployment May Fall Below 6% In A Year [View article]
    Perhaps if enough people give up and leave the workforce, unemployment will drop below 6%.

    I have had one tenant tell me that she "can't afford to get a job" because she "would lose my [her] benefits" if she was employed.

    Increase benefits; decrease unemployment. Create a permanent underclass; a permanent dependency mentality. Good plan Uncle Sam.

    The stats look "encouraging" now as long as we forget about the long-term unemployed and under-employed and the self-employed who have struggled or quit and are not eligible for unemployment benefits (despite paying unemployment taxes) simply by reason of being self-employed.
    Dec 10, 2012. 11:36 AM | 3 Likes Like |Link to Comment
  • Conducting Bernanke's Symphony No. 3 In F Major [View article]
    If your information is correct, and it seems to be a relatively reliable source, even without including state and local sales and property taxes, it appears that regressive taxation receipts by all levels of govt (which are not widely debated in the media, in fact, are largely ignored) exceed progressive taxation receipts.
    It does not acutally answer the question, but it does show that even without considering many of the more regressive taxes, the total tax burden is not as progressive as advertised.
    Dec 10, 2012. 09:11 AM | 2 Likes Like |Link to Comment