Ouch! "Wal-Mart haters" is a rather strong presumption.
I shop at Walmart at least once a week, not only because of the low prices but also because it's within walking distance.
I noticed a deteriorating situation and felt it should be brought to light. Left unaddressed, the condition will deteriorate. I would much rather they get their act together than go further downhill. Sorry I struck nerve.
Re: "Walmart specializes in stocking inventories to the full, offering low prices, and simplifying the shopping experience."
Well I don't know about stores nationwide, but my local Walmart seems to delight in rearranging product locations, so much so that even employees are at a loss as to where certain items are located. Twice I was given the excuse that while searching for one thing I may come across something else I may want to buy. What!
So now if I don't find what I'm looking for where I expect it to be, I'm off to Publix where "Shopping is a pleasure" even if it costs a bit more.
Another frustration: It seems that if the buyers can't squeeze the last drop out of their suppliers, they just don't stock certain items.
Investors Should Not Be Complacent About Dividend Champions [View article]
Re: "As I intend to show in my continuing series on the subject, astute market timing and skillful stock selection will be fundamental prerequisites for investment success in the coming years and decades."
Well, I was brainwashed into that thinking for 40 years. Not only was it not profitable, it was stressful and depressing though I was ever the optimist. I've recently converted to placing more importance dividends than trying to beat the market through timing. Lets just say so far it's been the correct decision.
The World Economy Is Hanging By A Thread [View article]
Re: "As Lakshman Achuthan, managing director of the Economic Cycle Research Institute (seekingalpha.com/symbo...), highlighted in the CNN Money article above, what we have right now is the business cycle negative feedback loop kicking in to full gear and “you’re not going to stop that once it gets going.” "
It's unfortunate that such an educated man in finance is so ignorant in basic science. A negative feedback stabilizes a system. A positive feedback reinforces the current trend. I'm sure he meant to say a "positive feedback loop".
Thinking that "negative" is always bad and positive is always good, more and more people will repeat the mistake and eventually no one will understand what one means. It's so discouraging.
Warren Buffett's Fuzzy Math and Hypocrisy [View article]
All gee. Now you did it. You made me feel bad.
I never considered how much extra in taxes I have been paying all along because I own stocks and therefore pay a proportionate amount of taxes through each company I own. I guess I'll never get ahead.
Stop coddling rich folks like me, Warren Buffett implores in a NYT op-ed; rates should be raised on taxable income in excess of $1M, including dividends and capital gains. But the argument rings hollow for Tim Worstall, who points out that the U.S. allows profits to be taxed at both the corporate (35%) and individual levels (15%) for a total that's much higher than Buffett's stated 17.4%. [View news story]
Lint, And if you took all the wealth of the 50% of wage earners that pay almost no income tax, how long could the Federal Government run?
Today marks the 40th anniversary of President Nixon untethering the dollar from any link to gold. Stocks rallied sharply on the day of the announcement. Since that time, the S&P 500 increased 12-fold, the barbarous relic, 50-fold (S&P returns would look better with reinvested dividends, but still don't match gold). [View news story]
Comparing a single commodity to a basket of stocks.
How did the single commodity gold do compared to the single stock Apple?
Or how did a basket of precious metals do compared to a basket of stocks?
No, the debt ceiling brouhaha does not make the U.S. a "laughingstock" - it's "exactly what America needs" to face the hard choices it must make, Evan Newmark writes. "Ask yourself... Would I rather have my politicians fighting each other in Washington over the debt ceiling today, or my neighbors fighting each other in the streets when the nation goes bankrupt five years from now?" [View news story]
As Winston Churchill said: "You can always count on Americans to do the right thing—after they’ve tried everything else."
Nassim Taleb told us of the rare, unpredictable events that our minds are poorly equipped to deal with: "black swans." So what about the swans that are flashing neon because their imminent arrival is blindingly obvious? A debt-ceiling cataclysm looks more certain every day, and yet investors are closing their eyes. [View news story]
Jim Grant admits his surprise that Treasurys have held up so well, and at bond traders’ apparent lack of concern about the U.S. debt debate: “People have come to view Treasurys as intrinsically safe when in fact they’re pieces of paper emitted by a government that is cash-flow negative and the printer of the world’s reserve currency." A gold standard is "going to happen," he adds. [View news story]
frosty, re: "M2 money supply stands at $9,111.7 trillion". That should be "M2 money supply stands at $9,111.7 billion". Slightly less than $10 trillion. www.federalreserve.gov...
Nevertheless, the correct dollar number to use to back up the dollar is the amount of currency in circulation, slightly under $1 trillion. www.federalreserve.gov...
Chalk up the difference to the fractional banking system.
But you're on the right track in that there is probably not enough gold considering some countries may have even less percentage.
I don't' know what zerohedge has against Apple but they are clearly distorting the facts! A person or corporation pays taxes on income, they do not pay taxes on cash in the bank and short/long term investments.
And for all of you commenters who didn't think to consider how reasonable the article was, consider yourself scolded. And for Seeking Alpha a double scolding for publishing the distortion!
According to Apple's latest 6 month financial statement, "Cash paid for income taxes, net $ 1,913". That's on income of $7,900. Roughly 25%.
Walmart Faces Price Competition, Weak Risk/Reward [View article]
I shop at Walmart at least once a week, not only because of the low prices but also because it's within walking distance.
I noticed a deteriorating situation and felt it should be brought to light. Left unaddressed, the condition will deteriorate. I would much rather they get their act together than go further downhill. Sorry I struck nerve.
Walmart Faces Price Competition, Weak Risk/Reward [View article]
Well I don't know about stores nationwide, but my local Walmart seems to delight in rearranging product locations, so much so that even employees are at a loss as to where certain items are located. Twice I was given the excuse that while searching for one thing I may come across something else I may want to buy. What!
So now if I don't find what I'm looking for where I expect it to be, I'm off to Publix where "Shopping is a pleasure" even if it costs a bit more.
Another frustration: It seems that if the buyers can't squeeze the last drop out of their suppliers, they just don't stock certain items.
It makes me wonder if upper management is aware.
Investors Should Not Be Complacent About Dividend Champions [View article]
Well, I was brainwashed into that thinking for 40 years. Not only was it not profitable, it was stressful and depressing though I was ever the optimist. I've recently converted to placing more importance dividends than trying to beat the market through timing. Lets just say so far it's been the correct decision.
Wall Street Breakfast: Must-Know News [View article]
The World Economy Is Hanging By A Thread [View article]
It's unfortunate that such an educated man in finance is so ignorant in basic science. A negative feedback stabilizes a system. A positive feedback reinforces the current trend. I'm sure he meant to say a "positive feedback loop".
Thinking that "negative" is always bad and positive is always good, more and more people will repeat the mistake and eventually no one will understand what one means. It's so discouraging.
Do Companies Pay CEOs More Than They Pay In Taxes? [View article]
Word for word, the very first thought that crossed my mind before I read anything more.
Speaking in Jackson Hole about a "dangerous new phase" in crisis recovery, IMF chief Christine Lagarde called for more action from American policymakers, including principal reductions for homeowners. She echoed Ben Bernanke in saying that jobs must come first now - and that may mean spending cuts will have to wait. [View news story]
Warren Buffett's Fuzzy Math and Hypocrisy [View article]
I never considered how much extra in taxes I have been paying all along because I own stocks and therefore pay a proportionate amount of taxes through each company I own. I guess I'll never get ahead.
Stop coddling rich folks like me, Warren Buffett implores in a NYT op-ed; rates should be raised on taxable income in excess of $1M, including dividends and capital gains. But the argument rings hollow for Tim Worstall, who points out that the U.S. allows profits to be taxed at both the corporate (35%) and individual levels (15%) for a total that's much higher than Buffett's stated 17.4%. [View news story]
And if you took all the wealth of the 50% of wage earners that pay almost no income tax, how long could the Federal Government run?
Today marks the 40th anniversary of President Nixon untethering the dollar from any link to gold. Stocks rallied sharply on the day of the announcement. Since that time, the S&P 500 increased 12-fold, the barbarous relic, 50-fold (S&P returns would look better with reinvested dividends, but still don't match gold). [View news story]
How did the single commodity gold do compared to the single stock Apple?
Or how did a basket of precious metals do compared to a basket of stocks?
No, the debt ceiling brouhaha does not make the U.S. a "laughingstock" - it's "exactly what America needs" to face the hard choices it must make, Evan Newmark writes. "Ask yourself... Would I rather have my politicians fighting each other in Washington over the debt ceiling today, or my neighbors fighting each other in the streets when the nation goes bankrupt five years from now?" [View news story]
Nassim Taleb told us of the rare, unpredictable events that our minds are poorly equipped to deal with: "black swans." So what about the swans that are flashing neon because their imminent arrival is blindingly obvious? A debt-ceiling cataclysm looks more certain every day, and yet investors are closing their eyes. [View news story]
Better watch out for the FBI.
Jim Grant admits his surprise that Treasurys have held up so well, and at bond traders’ apparent lack of concern about the U.S. debt debate: “People have come to view Treasurys as intrinsically safe when in fact they’re pieces of paper emitted by a government that is cash-flow negative and the printer of the world’s reserve currency." A gold standard is "going to happen," he adds. [View news story]
That should be "M2 money supply stands at $9,111.7 billion". Slightly less than $10 trillion.
www.federalreserve.gov...
Nevertheless, the correct dollar number to use to back up the dollar is the amount of currency in circulation, slightly under $1 trillion.
www.federalreserve.gov...
Chalk up the difference to the fractional banking system.
But you're on the right track in that there is probably not enough gold considering some countries may have even less percentage.
Apple's (AAPL) cash pile grows ever larger: now a ridiculous $76.2B, up $10B in the past 90 days. How much in taxes does it pay relative to all that cash? This much. [View news story]
Alas, it was not to be.
Apple's (AAPL) cash pile grows ever larger: now a ridiculous $76.2B, up $10B in the past 90 days. How much in taxes does it pay relative to all that cash? This much. [View news story]
And for all of you commenters who didn't think to consider how reasonable the article was, consider yourself scolded. And for Seeking Alpha a double scolding for publishing the distortion!
According to Apple's latest 6 month financial statement, "Cash paid for income taxes, net $ 1,913". That's on income of $7,900. Roughly 25%.