Apple (AAPL) releases Tim Cook's official statement (.pdf) to the Senate ahead of his Tuesday appearance at a hearing on corporate tax payments. Among other things, Apple claims it paid ~$6B in federal taxes in FY12 and a 30.5% effective federal tax rate, and that its foreign units don't engage in the practices the hearing focuses on (the shifting of IP to offshore havens, revolving loans from subsidiaries, etc). The company proposes a tax system that's "revenue neutral, eliminates all tax expenditures, lowers tax rates and implements a reasonable tax on foreign earnings." (previous) [View news story]
tax the corporations, but even moreso, tax the corporate insiders and capital gains for stockholders - there needs to be someway to recoup this excess printing and stimulus the problem then is that its spent recklessly and criminally by the taxing authority
Market Running On Fumes, Prepare Your Exit Strategy [View article]
For some reason, Inflation seems more the risk to me, i dunno...
maybe its that my fuel costs are up 100% in the past 10 years.. or health care or food costs +50-100% housing is up 30-50% here even over the past 1-2 years, and rents are sky high youd think with the billions of people on the planet, we would accept deflation for a while... it would be a nice break...
Beware Long-Term Damage From Stock Market Bubble Forming Now [View article]
Most financial writers are missing the big picture in this central bank, equity bubble induced excess liquidity growth trend
the pending class war that it will cause, and the major repercussions against the "wealthy"(govt, corporate insiders,speculators, etc)
why should some people have to settle for their end of this stimulus in $10/hr jobs at Walmart when others are over at GS JPM WFC BAC MS BCS DB CS and all the other houses of ill repute making $500k-$1million +/year off of this same stimulus?
we will see higher wealth taxes, targeting of offshore accounts, and eventually limits to private property and income limits because of the tension being induced on the masses...
Deflation: What Can You Do About It? [View article]
well in just a hundred or so years of industrialization, we have managed to deplete and degrade much of our natural wealth. Old growth forests - mostly gone - wild rivers, tamed and dropping at precipitous rates, topsoil - disappearing rapidly, easy access metal ore, hydrocarbons - mostly gone
but the 7 billion is just the beginning, and costs are already rising just in the past decade weve seen Gas, food, healthcare, real estate, water, fertilizer, steel, all rise 50-100%+ at the same time average household incomes are down! sounds like inflation to me - i just read that housing in many parts of the country is already up 50% in 2 years - again more inflation via the helicopter drops of printed $$ landing in financiers, stock and government insiders yards meanwhile 1/4 is near poverty
Who's Going To Be The Last Bear Standing? [View article]
the liquidity induced rally is getting long in the tooth, after 4 years and what, $11trillion in US dollars (not counting Europe, China, Japan $$ borrowed or printed over that time)
can we keep borrowing and printing? thats what bears need to know inflation is squeezing much of this country into poverty, but Ben says its nonexistent? 40% of the economy relies on govt spending, which is at levels that can threaten a crisis in the near future already thk god for our military, keeping us on top for now
let the tax revenue #'s come in first, mkt will blow off, June, July ideally, then set some nice short and holds
The Biggest Lie About The Real Estate Recovery [View article]
well in California there is surely investment $$ at work unless the average Joe walks around with $2,3 even $500k in their pocket for these all cash sales going off
also, banks and real estate agents are in collusion again withholding inventory and marking up prices
lets not forget the millions of illegal immigrants keeping inventories low (and wages) and billions in foreign (esp Chinese) $$ flowing in - often criminally appropriated $$ at that
and Ben Bernanke has the nerve to say inflation is moderate, when LA area housing is up 25% in a year
if thats moderate, id hate to see his idea of hyperinflation!
housing should be for living, not investing, tax homes other than your primary and discourage this master/serf system!
The U.S. Economy: How Did We Get Here? Where Are We Headed? [View article]
does "muddle through" mean that 1/6 will still be on food stamps? or1/4 not even working, poverty levels are way up, as avg household income is down over the past decade +, but housing/rent, gas, food, health, materials, cable, etc all way up?
Is A Correction Beginning? Stock Index Futures Analysis Shows Speculators Fear No Evil [View article]
just go out on the street and look, people are stressed out, minimal job growth, lots of layoffs, high inflation etc
poverty levels have got to be running 25%+ in this country
and the markets are making new highs?
I expect a 50% drop over the next couple years, they can only print so much and definitely not enough to fill the multiple trillion dollar holes in the banking systems balance sheets
Apple (AAPL) releases Tim Cook's official statement (.pdf) to the Senate ahead of his Tuesday appearance at a hearing on corporate tax payments. Among other things, Apple claims it paid ~$6B in federal taxes in FY12 and a 30.5% effective federal tax rate, and that its foreign units don't engage in the practices the hearing focuses on (the shifting of IP to offshore havens, revolving loans from subsidiaries, etc). The company proposes a tax system that's "revenue neutral, eliminates all tax expenditures, lowers tax rates and implements a reasonable tax on foreign earnings." (previous) [View news story]
the problem then is that its spent recklessly and criminally by the taxing authority
...
Market Running On Fumes, Prepare Your Exit Strategy [View article]
maybe its that my fuel costs are up 100% in the past 10 years..
or health care
or food costs +50-100%
housing is up 30-50% here even over the past 1-2 years, and rents are sky high
youd think with the billions of people on the planet, we would accept deflation for a while... it would be a nice break...
Beware Long-Term Damage From Stock Market Bubble Forming Now [View article]
the pending class war that it will cause, and the major repercussions against the "wealthy"(govt, corporate insiders,speculators, etc)
why should some people have to settle for their end of this stimulus in $10/hr jobs at Walmart when others are over at GS JPM WFC BAC MS BCS DB CS and all the other houses of ill repute making $500k-$1million +/year off of this same stimulus?
we will see higher wealth taxes, targeting of offshore accounts, and eventually limits to private property and income limits because of the tension being induced on the masses...
Deflation: What Can You Do About It? [View article]
but the 7 billion is just the beginning, and costs are already rising just in the past decade weve seen Gas, food, healthcare, real estate, water, fertilizer, steel, all rise 50-100%+
at the same time average household incomes are down!
sounds like inflation to me - i just read that housing in many parts of the country is already up 50% in 2 years - again more inflation via the helicopter drops of printed $$ landing in financiers, stock and government insiders yards
meanwhile 1/4 is near poverty
bring on the deflation
Deflation: What Can You Do About It? [View article]
Is It Time To Short The Home Builders? [View article]
Is It Time To Short The Home Builders? [View article]
Who's Going To Be The Last Bear Standing? [View article]
can we keep borrowing and printing? thats what bears need to know
inflation is squeezing much of this country into poverty, but Ben says its nonexistent?
40% of the economy relies on govt spending, which is at levels that can threaten a crisis in the near future already
thk god for our military, keeping us on top for now
let the tax revenue #'s come in first, mkt will blow off, June, July ideally, then set some nice short and holds
The Biggest Lie About The Real Estate Recovery [View article]
unless the average Joe walks around with $2,3 even $500k in their pocket for these all cash sales going off
also, banks and real estate agents are in collusion again withholding inventory and marking up prices
lets not forget the millions of illegal immigrants keeping inventories low (and wages)
and billions in foreign (esp Chinese) $$ flowing in - often criminally appropriated $$ at that
and Ben Bernanke has the nerve to say inflation is moderate, when LA area housing is up 25% in a year
if thats moderate, id hate to see his idea of hyperinflation!
housing should be for living, not investing, tax homes other than your primary and discourage this master/serf system!
The U.S. Economy: How Did We Get Here? Where Are We Headed? [View article]
go to 40% over $1million, 50% over $5million, 60% over $10m
70% over 20m, 80% over $50mill etc
its going to happen at some pt either way
Reinhart-Rogoff A Week Later: Why Does This Matter? [View article]
US will be BK by the end of the decade
no worries!
The U.S. Economy: How Did We Get Here? Where Are We Headed? [View article]
or1/4 not even working,
poverty levels are way up, as avg household income is down over the past decade +, but housing/rent, gas, food, health, materials, cable, etc all way up?
i call that "on the brink"
not "muddling"
only $$ printing can keep it going, and it is!
Here's What Happened The Last Time The Fed Owned All Outstanding Treasuries [View article]
1/4 Americans is near or in poverty
nearly 50million are on foodstamps
household income is lower
stock market is up over 100%
looks like the rich got richer and the majority is struggling to get by
Bravo Ben, Barack, and friends, well done!
The Future Of U.S. Coal Exports [View article]
the hell with the environment too!!
buy BTU
Is A Correction Beginning? Stock Index Futures Analysis Shows Speculators Fear No Evil [View article]
poverty levels have got to be running 25%+ in this country
and the markets are making new highs?
I expect a 50% drop over the next couple years, they can only print so much and definitely not enough to fill the multiple trillion dollar holes in the banking systems balance sheets